PetroChina to sell big gas grid stake under reform push

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PetroChina is discussing selling a stake in domestic gas pipelines worth an estimated $47 billion in total, sources told Reuters, in a move seen as a prelude to Beijing’s plans to break the state giant’s near monopoly and boost spending on energy infrastructure. The sale could attract domestic interest from… Read more »

Thailand: Data analytics firms Zocial Inc, Thoth Media to merge, plan Asean expansion

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Thailand based online information provider Zocial Inc has merged with Thai online marketing firm Thoth Media to become on of the larger integrated social data analytics service provider for social media in the Asean region, said the company. The merged company will be renamed as Thoth Zocial and will have a combined market capitalization… Read more »


India Dealbook: VoxWeb, JumboBasket raise funding

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India-based social networking app VoxWeb and e-commerce returns platform JumboBasket have raised funding in separate deals. Social networking app VoxWeb raises $350K VoxWeb, a social networkign app, has raised $350,000 from an unnamed investor, as per an Economic Times article. The firm which raised $100,000 from co-founder and MD of Citrus… Read more »


India Dealbook: i2e1, PropheSee & Stay Simple Resorts raise funding

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In India, smart network layer platform i2e1, analytics startup PropheSee and midbudget hotels site Stay Simple Resorts have raised funding in separate deals. i2e1 receives $500k from growX ventures i2e1 which offer instant and easy connectivity to high-speed, reliable and secure Internet services, has received Rs 3.34 crore ($500.5k) from growX… Read more »


SG Dealbook:Trendlines, Saviva Capital to operate incubator; Chaswood Resources raises S$1.2m in private placement

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Trendlines Group has entered into a memorandum of understanding with a US private equity (PE) firm to jointly operate an incubator. Meanwhile, Chaswood Resources has raised funds in a private placement and secured interest-free shareholder loans. Trendlines enters agreement with Saviva Capital to operate agribusiness incubator Newly listed on the… Read more »


Interactive Intelligence acquires Mumbai-based Customer360 for $10m

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US-based software services for customer engagement company Interactive Intelligence Inc. said on Thursday that it has acquired Mumbai-based company Anveshan Tech Solutions Pvt. Ltd that provides its services as Customer360. The deal is estimated to be $10 million, according to two people directly involved in the transaction. “It was an… Read more »


Singapore: Charisma Energy sells 200m new shares to raise S$2.3; acquires 50% in Grenzone for S$2.2m

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Electrical and mechanical engineering company Charisma Energy Services has reached a deal to acquire a 50 per cent stake in Grenzone, a Singapore-incorporated private limited company engaged in the design, supply and installation of solar-generated equipment and devices and affordable green housing. A complementary acquisition, Charisma Energy informed the local exchange that Grenzone’s existing business… Read more »


Singapore’s Changi to operate Ahmedabad and Jaipur airports in India

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Singapore signed an agreement with the Indian government that will see the city-state’s Changi Airport manage the terminal operations and parking at Ahmedabad and Jaipur airports, a PTI report, and added that the deal was still in the process. The agreement to manage the Ahmedabad and Jaipur each were signed on November… Read more »


Yahoo shelves plan to spin off Alibaba stake, citing tax concerns

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Yahoo Inc said on Wednesday it had shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd, citing tax concerns, and will instead create a separate company to hold the rest of its assets. The new publicly traded company will house Yahoo’s Internet business and… Read more »


After restructuring Angry Birds’ maker Rovio looking at M&A opportunity

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“There is a clear need for some consolidation to take place here (in Europe), and that is something I’m interested in,” said Kaj Hed, the Finnish firm’s chairman and biggest shareholder