MY Dealbook: DBE Gurney proposes par value reduction, Ancom Logistics private placement, Borneo Oil rights issue, Telekom sukuk issuance

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Malaysia saw more than a few fundraising proposals this week. DBE Gurney, Ancom Logistics and Borneo Oil are seeking to raise funds to improve balance sheet and for working capital, while Telekom Malaysia issues sukuk in a bid to secure ownership interest in various assets. DBE Gurney proposes par value reduction,… Read more »

Singapore’s Q&M to buy TP Dental Surgeons in $21.5m deal

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SGX-listed Q&M Dental Group, one of the largest private dental healthcare group in Singapore, said Tuesday that it plans to buy TP Dental Surgeons  for S$28.6 million ($21.5 million). It will pay S$18 million in cash and S$10.6 million through the issuance of shares in Q&M at an issue price of… Read more »


Thailand’s JMT is to sell its big lot to nine investors

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Thailand’s debt manager and loan provider JMT Network Services PCL (JMT) has passed a resolution to approve the issue and offer newly issued ordinary shares for not exceeding 70 million shares with a par value of 1 baht per share to 9 investors including BTS Group Holdings. The other eight investors… Read more »


Singapore’s payment services co 2C2P raises $7m Series C round

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2C2P, a Singapore-based ASEAN payment services provider originating from Thailand, has closed a Series C round worth S$9.71 million ($7 million). The investment has been led by Amun Capital AG and GMO Venture Partners Inc, and the funding is intended to drive 2C2P’s regional expansion, product development and workforce recruitment. This… Read more »


Cattle feed to shape Vinamilk’s M&A activities in 2015

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Vietnam’s largest dairy product company, Vinamilk, which is listed as the second biggest stock on the Ho Chi Minh City Stock Exchange, will set aside VND4 trillion ($186 million) for mergers and acquisitions (M&A) this year, mainly in the animal feed sector, the company announced on Monday. “Multinational companies today… Read more »


Malaysia’s EPF plans to provide varied investment options; sells London property for $318m

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Malaysia based Employees Provident Fund (EPF) is stepping away from its current conventional pension structure, to explore different options and types of funds that can be offered to its members in the future. The national pension fund has already begun to look at offering shariah compliant investment option for its members… Read more »


Vietnam plans to increase foreign holding limit in domestic banks

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The government of Vietnam is considering an increase in the limit of foreign holding in the country’s commercial banks from the current limit of 30 per cent. This was revealed by the government officials at a meeting on Saturday. “In alignment with economic integration, and in order to create an encouraging investment environment… Read more »


Masan Group acquires Vietnam’s major animal protein platform

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Masan Group, one of Vietnam’s largest private sector companies, announced Monday that it has purchased 52 per cent in Vietnam French Cattle Feed JSC (Proconco) and 70 per cent in Agro Nutrition Company (Anco), by acquiring Sam Kim Co Ltd and renaming it Masan Nutri-Science Co Ltd. In 2012, Masan Agri,… Read more »


SG Dealbook: TIH invests in Tengri Resources, Super Group in JV for Russia, SIIC Environment invests in MTI

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Three Singapore-listed firms have made investments abroad, including forming joint ventures, as they diversify and expand their portfolio abroad. This follows the recent trend of smaller firms also venturing abroad, either by picking up assets overseas, or through mergers and acquisitions and joint ventures. TIH Limited invests in Salim Group-linked… Read more »


Khazanah part-exits India’s L&T Finance, gains up to 25% return

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Khazanah Nasional Bhd has part-exited its investment in L&T Finance Holdings Ltd, selling half of its holding in the subsidiary of business conglomerate Larsen and Toubro Ltd (L&T). The Malaysian sovereign wealth fund gained around Rs 120-130 crore ($19-20 million) and is estimated to have made a 20-25 per cent… Read more »