Rhodes Edge acquires SG-based geo-location tracking startup Folr

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US-based Rhodes Edge Inc, an data analytics and security firm has acquired Singapore-based Folr.  As part of the acquisition, which was conducted for an undisclosed amount, Folr’s Founder-CEO, Josh Konowe, will also join the board at Rhodes Edge. Rhodes Edge will integrate Folr’s unique geo-location tracking technology into its current product offerings of ROSES… Read more »

Vietnam’s VietinBank seeks govt nod to increase foreign holdings beyond 30%

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VietinBank, the largest of Vietnam’s banks part-owned by private companies, has sought government approval to increase the foreign holdings in it, which is currently capped at 30 per cent, as part of a pilot scheme. Currently, the government owns 64.46 per cent in Hanoi-based VietinBank, or the Vietnam Bank for Industry and… Read more »


Seven Indonesian firms repurchase shares after buyback ruling eased

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Seven public listed companies in Indonesia have decided to repurchase their shares to restore confidence of investors and take advantage of the decision of the Financial Services Authority (FSA) to relax ruling on buyback program. Under the new ruling, companies can buy back shares without prior approval of shareholders. The… Read more »


Travelzoo acquires Travelzoo APAC from Azzurro Capital

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US-based Travelzoo has expanded to the Asia-Pacific with the acquisition of the Travelzoo Asia Pacific (APAC) business unit. Formerly operating independently under the Travelzoo brand, the consideration for the acquisition was a mixture of cash and a US$5.7 million promissory note. Travelzoo is a global Internet media company that claims to maintain… Read more »


Viterra buys oilseed plant from Malaysia’s FGV for $143m

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Viterra Inc, the agriculture unit under Glencore Plc, has agreed to buy the largest oilseed-processing plant in eastern Canada from Malaysia’s Felda Global Ventures Holdings Bhd (FGV) for C$190 million ($143.43 million) to triple its crushing capacity. Felda, the world’s third-largest palm plantation operator, said it would sell the Twin… Read more »


Mitsubishi to Buy 20% of SG commodity firm Olam for $1.09b

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Singapore headquartered commodity trader Olam International Ltd, majority owned by state fund  Temasek Holdings,said it has reached a deal to sell 20% stake to Japan’s Mitsubishi Corp for S$1.53 billion ($1.09 billion). The transaction will involve two separate deals. Olam will issue 332.73 million new shares to Mitsubishi Corporation (MC)… Read more »


Ezra, Chiyoda Corp establish subsea JV in billion-dollar deal

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Singapore-listed provider of offshore marine services, Ezra Holdings Limited Thursday said it would sell half of its subsea business to Japan’s Chiyoda Corp, in a deal estimated to be worth around $1.25 billion, including debt. As part of the deal, Ezara and Chiyoda, a global front end engineering design (FEED)… Read more »


BPI to buyout Ayala, Globe’s stake in mobile-based savings bank BanKO

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The Bank of the Philippine Islands (BPI) will acquire full ownership of BPI Globe BanKO (BanKO), the first mobile phone-based savings bank.


SG Dealbook: Serrano plans rights issue to raise growth capital; Double Charm issues bonds worth $450m

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Singapore-based Serrano, which provides interior fit-out solutions for residential, hospitality, retail and commercial sectors in Singapore and across the region is conducting a rights issue to raise growth capital. In addition, a Double Charm, a subsidiary of Everbright Securities, is issuing S$450 million worth of bonds. Serrano plans rights issue… Read more »


Eko raises $5.7m for messaging platform in Series A round led by Gobi Partners

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Bangkok-based Eko Communications, which is focused on enabling intra-enterprise communication within large-scale companies through its mobile-centric product, has raised $5.7 million in Series A funding led by Gobi Partners. This follows a seed round held in April 2014 where it raised $1 million from 500 Startups, Tigerlabs Ventures and Wavemaker Partners. Founded by Korawad Chearavanont and David… Read more »