Indian govt to pass final order on National Spot Exchange-Financial Technologies merger by year-end

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The Bombay high court has granted time until 31 December to the ministry of corporate affairs (MCA) to pass the final order in the merger of the National Spot Exchange of India Ltd (NSEL) with Financial Technologies (India) Ltd (FTIL). The government had filed an affidavit on Thursday seeking an… Read more »

MY’s Felda Ventures arm to buy four firms of Indonesia’s Rajawali Group including Eagle High Plantations

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Felda Global Ventures Holdings Bhd‘s (FGV) wholly-owned subsidiary Felda Global Ventures Kalimantan Sdn Bhd (FGV Kalimantan) is expected to complete the equity acquisition of four Indonesian companies by November 30. FGV Kalimantan had entered into a heads of agreement with PT Rajawali Capital International (Rajawali Capital) and PT Rajawali Corpora… Read more »


India: Sun TV Network to consider buy-back of equity shares

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Kalanithi Maran-promoted Sun TV Network Ltd said on Friday it will consider a proposal for a share buy-back. Investors reacted positively to the news, which sent Sun TV shares higher by 5.21 % at Rs.395.70, while the benchmark Sensex ended 0.68% lower to 26,656.83 points. The Chennai-based media company informed… Read more »


Philippines’ Alliance Select acquires 100% of salmon processing JV BGB

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Alliance Select Foods International Inc has acquired a 100 per cent stake in its subsidiary Big Glory Bay Salmon and Seafood Company Inc (BGB), sold by its partner Prime Foods NZ Limited for $945,690 (NZD1.37m).


China’s Tsinghua Unigroup buying 25% in Taiwan chip firm Powertech in $600m deal

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Chinese state-backed technology conglomerate Tsinghua Unigroup Ltd is buying a 25 percent stake in Powertech Technology Inc for $600 million, becoming the largest shareholder in the Taiwanese chip packaging and testing company. The alliance, announced on Friday by both companies, is likely to help bolster the development of China’s fledgling… Read more »


Thailand’s Minor International hikes stake to 70% in Australian arm for $32m

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Minor International PCL (MINT), one of Asia’s leading hotel and lifestyle companies, will spend AUD45 million ($32 million) on acquiring additional stake in Australia-based Minor DKL Food Group Pty Ltd (Minor DKL) from a group of existing shareholders. The move will enhance its shareholding from 50 to 70 per cent. Minor DKL,… Read more »


ICICI to sell 9% stake in general insurance JV to Fairfax for $237 million

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ICICI Bank Ltd, India’s largest private sector lender, has received its board approval to sell 9 per cent stake in ICICI Lombard General Insurance Company Ltd to its JV partner Fairfax Financial Holdings Ltd for Rs 1,550 crore ($237 million). This deal which is subject to various necessary approvals values the company… Read more »


Myanmar Dealbook: Thailand’s Index Creative Village $50m show; Yangon-Dala bridge project to start using $130m

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This week Myanmar has deals involving investment in the entertainment industry and another $130 million infrastructure deal that will see the inauguration of a bridge project across Yangon Thailand’s Index Creative Village $50m show Event management and entertainment firm Index Creative Village from Thailand and Bagan Myanmar Company are teaming… Read more »


After job cuts and restructuring, TinyOwl raises $7.6m from existing investors Sequoia, Matrix Partners

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TinyOwl, a Mumbai, India-based food ordering app, has raised Rs 50 crore ($7.6 million) in a round led by existing investors Sequoia Capital and Matrix Partners. That’s the second such funding in less than a year. In February, the company had raised $15.2 million. In between, it has been in… Read more »


Singapore: Novo Group controlling shareholder Golden Star makes takeover offer

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China-based and Singapore and Hong Kong-listed steel firm Novo Group has stated its new controlling shareholder, Golden Star Group, is making a mandatory takeover offer for the group at HK$3.755 per share in cash. The firm deals in steel production, distribution and other activities along the steel industry value chain,… Read more »