Vietnam M&A Review: New laws, FTAs to bolster transactions

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Barely halfway through 2015, Vietnam has already witnessed a series of alliances and acquisitions involving large domestic names like the Vingroup, the Masan Group, the Pan Pacific; as well as international players from sectors like retail, insurance, telecommunications and legal service. Following the trend witnessed last year, the consolidation and expansion of business,… Read more »

Singapore investor’s 40% stake in Variscan Mine appreciates 360%

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Singaporean investor Kwan Chee Seng, who upped his shareholding in the Australia-listed Variscan Mines to 40 per cent (from 30 per cent in April), has seen the value of his stake increase to $3.6 million, from an initial investment of $1 million. Variscan Mines, led by Gregory Jones, reported highly positive drilling results from its Porte-aux-Moines deposit… Read more »


Asia Infrastructure Dealbook: CALPERs forms $1b partnership; Japan, ADB to jointly provide $110b finance

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With the boom in ASEAN economic growth, a number of firms have been capitalising on the opportunities presented by this. Amongst the surging investment into the ASEAN region, a singular area that stands out is the infrastructure investment, which tend to possess a long exit horizon but can generate outsized returns from… Read more »


Selangor state launches investment arm DEIG; Khazanah appoints India head

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Malaysia’s Selangor state government has launched the Darul Ehsan Investment Group (DEIG), an investment holding entity through which, the state will streamline its holdings in state-owned assets. DEIG is expected to provide returns on investments made in state government-linked corporations (GLCs), as well as invest in and develop business that… Read more »


Thai hotel chain MINT to takeover all Tivoli hotels in Portugal

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Thailand-based Minor International Plc (MINT), which is one of the largest hospitality and leisure companies in Asia Pacific, plans to take over all units of Tivoli Hotels in Portugal. The hotels were the asset of the bankrupted Espirito Santo Group, reported the Portuguese online newspaper Observador. In January this year, MINT… Read more »


Fortis redeems FCCBs worth $100m held by GIC: Report

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Fortis Healthcare, the second-largest Indian hospital chain by revenues, has redeemed $100 million worth of outstanding foreign currency convertible Bonds (FCCBs) listed on the Luxembourg Stock Exchange, a report said. The report by VCCircle said these FCCBs were purchased by Singapore sovereign wealth fund GIC in May 2010. These bonds were optionally convertible… Read more »


Thailand’s PTT to sell entire stake in oil refinery SPRC

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Thailand’s state-owned energy conglomerate PTT PLC is to sell its entire stake of 36 per cent in Star Petroleum Refining Company (SPRC) after it was accused of monopolising the oil refining business in the Kingdom. This plan comes after SPRC has revised the contract, which previously allowed PTT to hold… Read more »


Vietnam’s overseas investment expands to $20b

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Vietnam had 962 investment projects in other countries, worth $15 billion in registered capital, by the end of April. This was disclosed by the nation’s Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, which further added that about 100 of these projects had submitted for a capital increases by… Read more »


Vietnam’s PVI Holdings forms strategic partnership with Korea’s Lotte Insurance

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PVI Holdings, Vietnam’s largest insurer in in the energy segment, has signed an international cooperation agreement with Lotte Insurance in Seoul, Korea, to jointly distribute both companies’ services in the global market. “Our strategic goal is to expand globally, especially in Vietnam, where many Korean businesses have been present. So we hope this… Read more »


11th Malaysia Plan: Govt focuses on investments in 4 major cities

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In the Eleventh Malaysia Plan, to be implemented over 2016 to 2020 period, the Malaysian government highlights the need to invest in the country’s major cities and regional economic corridors, as part of its effort to re-engineer the economy. The investments, the government noted in the national plan, which was… Read more »