By Chalida Ekvitthayavechnukul
Samjong KPMG, the principal underwriter for selling debts of Landmark 72 selected AON Holdings as the preferred bidder to the deal
Yangon will introduce a new electronic tram line and will start running from January 10. ICT works is expecting to be developing and have an ICT city by 2016 in Thanlyin town.
The funds would be used for purposes ranging from working capital to debt refinancing and financing the equity portion of its aircraft.
Singapore’s Advanced Integrated Manufacturing is acquiring a minimart business in Hougang while Nam Cheong is seeking approval from its bondholders to amend the terms of bonds. AIMC to acquire Hougang minimart business Advanced Integrated Manufacturing Corp. (AIMC) has announced that its wholly-owned subsidiary, Hao Mart, will be acquiring a minimart business for a… Read more »
Baring Private Equity Asia is looking to sell its 71 per cent stake in Hexaware Technologies at a company valuation of about $1.2 billion (Rs 8,000 crore), said a report in The Economic Times. The Hong Kong-based firm has already initiated talks with France’s Capgemini and private equity funds Blackstone and Carlyle for… Read more »
Akhil Gupta of Bharti Group and US private equity firm KKR are set to buy a majority stake in International Asset Reconstruction Co (IARC), which was set up by Tata Capital and HDFC Bank in 2002, according to a report in The Economic Times. Both KKR and Gupta have committed… Read more »
Lenders to digital education provider Educomp Solutions Ltd are mulling conversion of debt to a majority equity holding under the strategic debt restructuring (SDR) scheme, two bankers in the know confirmed. “Bankers will be conducting a meeting in the second week of January to take a final call on whether… Read more »
Indonesia’s largest privately owned pharmaceutical company PT Kalbe Farma Tbk (KLBF) and state-controlled PT Kimia Farma Tbk (KAEF) have decided to develop new plant to produce pharmaceutical raw materials in a move to reduce dependence on imported raw materials. Vidjongtius, a director of Kalbe Farma, said the company has begun the… Read more »
India Dealbook: 500 Startups invests in My Child App; 360 Ride raises $150K in seed; Sensara fund raiseBy Pramugdha Mamgain
My Child App, which helps parents track developmental disorders in their child, has raised $100,000 in seed funding from 500 Startups, while P2P ride-sharing platform 360 Ride has raised $150,000 from a Delhi-based investor. 500 Startups invests $100K in My Child App My Child App, which helps parents track developmental disorders… Read more »
Merger and acquisition (M&A) activity, which was on a rise in 2015, saw the pharma sector leading the trend among top significant deals