Ezra Holdings to raise $300m via rights issue & convertible bonds

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Singapore-listed Ezra Holdings that provides integrated offshore solutions to the oil and gas industry, said it plans to raise up to $300 million through a rights issue that will involve sale of shares to existing investors and issuing convertible bonds. The company said it will use the proceeds to repay… Read more »

Thailand listed IFEC takeovers wind-energy operator SGC for $10m

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Thailand-based wind power plant operator Inter Far East Wind International (IWIND), a subsidiary of Inter Far East Engineering PCL (IFEC), has acquired all the ordinary shares in SGC Wind Energy Company for 330 million baht (approx. $10 million). SGC has a registered and paid-up capital of 250 million shares and IWIND… Read more »


PH’s Global Ferronickel secures controlling stake in PGMC for $4.5m

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Global Ferronickel Holdings Inc (FNI), a Philippine-listed nickel producer, has secured controlling ownership of its subsidiary Platinum Group Metals Corp (PGMC) by investing in $4.5 million (P200 million). FNI disclosed to the stock exchange on Monday that it has acquired a total of 20 billion of Class A common shares… Read more »


Applift buys Singapore-based mobile ad buying platform Bidstalk

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Mobile app marketing platform AppLift announced that it had bought Singapore-based mobile ad buying site Bidstalk. Both companies did not disclose deal terms. Launched in 2014, Bidstalk – that was started with a $500,000 seed investment by founder and chief executive Vaibhav Gupta – is a self-service platform that allows advertisers to buy ad inventory in real time… Read more »


PH Roundup: DBP execs charged with graft, RCBC to get $100m securities

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In the local banking scene in the Philippines, key executives of a government bank were slapped with graft charges, and in another unrelated development, RCBC got approval from the central bank to redeem early, its $100 million perpetual debt in less than 10 years. DBP execs charged with graft for ‘wash… Read more »


VN Dealbook: Maritime Bank plans listing post merger, Vinaphil exits CII

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Taking advantage of the government’s initiative to encourage bank mergers, to clean up the country’s fragmented banking sector, Vietnamese commercial banks are being proactive in sounding out smaller competitors. The latest development sees Maritime Bank, which plans to list no sooner than 2017, merge with Mekong Development Bank. Meanwhile, in an unrelated… Read more »


Daum Kakao parachutes into South East Asia by acquiring Path’s social media services

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South Korean’s dominant messaging app Daum Kakao has acquired two services of San Franciso-based mobile messaging app Path for an undisclosed sum, The deal is significant for South East Asia as a bulk of Path’s customers are in this region, and more than 50% of its total active customers of around 10… Read more »


Dutch Rockstart accelerator launches Singapore edition

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Dutch startup support Rockstart is launching a Singapore edition of its accelerator programme. Aside from providing workspaces, mentorship and networking events in its Amsterdam base, it hosts networking events throughout Europe. Beyond its European activities, it also leads startup initiatives like the Rockstart Impact Nepal, a Kathmandu-based programme based on Rockstart’s successful business acceleration principles which supports… Read more »


Trimble sets up SITECH technology dealer for civil construction contractors in Myanmar

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California-based Trimble announced that it has established “SITECH Technology Dealer” in Myanmar – a global distribution network offering construction technology systems. SITECH Technology Dealers represent Trimble and Caterpillar machine control systems for the contractor’s entire fleet of heavy equipment, along with Trimble’s site positioning systems, construction asset management services, software… Read more »


Thailand’s COL to spend $15m on JVs with digital content operators

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Thailand’s leading online business firm COL Public Company Limited has allocated the budget of 800 million baht for investment this year, of which 500 million baht (around $15 million) will be used for making joint ventures in new businesses. Worawut Oonjai, chief executive of COL, said that it would like to… Read more »