E-commerce and payments firm YuuZoo secures $30m funding from GEM Global

By
Posted

Singapore-based social e-commerce and payments company YuuZoo has secured a commitment of S$30 million from New York-based GEM Global Yield Fund. YuuZoo signed an agreement with the private alternative investment group, which agreed to provide the company with a $30 million facility over the next three years. The facility will be in the form of… Read more »

Indonesia AirAsia X could be grounded for failure to meet aircraft ownership rules

By

Indonesia AirAsia X, a subsidiary of Malaysia’s AirAsia Bhd, could be grounded by the Indonesian Ministry of Transportation for failure to meet the aircraft ownership obligation. Based on the existing regulation on air transportation, all commercial flight carriers operating in the country must own at least 10 aircraft in their fleets… Read more »


India Dealbook: Edelweiss ARC buys 10% in Electrotherm; Genesis Asset sells stake in Ambuja Cement

By

The deal space in India continues to witness robust action, and last week saw Edelweiss Asset Reconstruction Company acquiring a 10% stake in Ahemdabad-based engineering and metals firm Electrotherm India, as well as UK-based investment management firm Genesis Asset Managers LLP selling 2.01% stake in Ambuja Cement. Edelweiss ARC buys 10% in ailing Electrotherm… Read more »


SG Dealbook: IPS Securex proposing 3-for-1 share split; Olam issues JPY6.2 billion private notes

By

IPS Securex is seeking to improve its liquidity with a 3-for-1 split in its share to improve its financial liquidity. At the same time, Olam is issuing JPY6.2 billion in private placement notes to raise capital. IPS Securex proposing 3-for-1 share split to improve liquidity IPS Securex Holdings Limited (IPS… Read more »


SG Dealbook: Blue Sky Power to exit printing space; STET fully acquired by ST Electronics

By

Blue Sky Power is exiting the printing business, with plans to discontinue it amidst increasing competition in the printing market, and insted focus on its natural gas unit. Meanwhile, ST Engineering has fully acquired a former associated firm, STET, making it a wholly-owned subsidiary of ST Electronics. Blue Sky Power… Read more »


TH Dealbook: UAC to acquire local energy firm in Q4; MTLS stages roadshow to woo investors

By

After taking over Advance Polymers and Chemicals (APC) this year,Thailand-based chemical and equipment supplier UAC Global PLC  is eyeing more opportunities for M&As to boost its growth. The success of its roadshows in Hong Kong and Singapore, has led to Muangthai Leasing PCL staging another roadshow in Europe this month and this… Read more »


PH Dealbook: Ayala sells stake in wind power farm to Mitsubishi; Max’s Group extends Sizzlin’ Steak brand to Vietnam

By

Ayala Corp sold its stake in a local wind farm to Mitsubishi Corp, while restaurant chain firm Max’s Group Inc extended its Sizzlin’ Stake brand in Vietnam.


ONGC buys 15% stake in Russia’s Vankorneft oil project for $1.3b

By

India took a step towards bolstering its energy security with state-owned ONGC Videsh Ltd on Friday buying a 15% stake in a unit of Russia’s OAO Rosneft, the world’s largest publicly traded oil company, for $1.3 billion (around Rs.8,635 crore). The acquisition in CSJC Vankorneft, an OAO Rosneft subsidiary, will… Read more »


Indonesia’s Pelindo II draws up $3.5b port development plan

By

Indonesia’s state-own port operator PT Pelabuhan Indonesia (Pelindo) II plans to build 22 ports across the country at a total investment of over Rp50 trillion ($3.57 billion), said a senior official. “We are targeting to build 22 ports from Belawan to Sorong within five years,” Pelindo II chief executive Richard Joost… Read more »


Wincourse acquires 85% stake in start-up firm Mappr

By

Delhi-based DCS Certification Pvt. Ltd, which runs education technology firm Wincourse, has acquired an 85% stake in smaller peer, social learning start-up Mappr, for an undisclosed amount, a company executive said on Friday. “Wincourse is developing a complete suite of education technology solutions, and acquisition of Mappr is a strategic… Read more »