Singapore’s Impiro acquires 95% of Indonesian clean energy firm

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Singapore-incorporated full-service investment firm Impiro will take over PT Contained Energy Indonesia (Contained Energy) through a cash-and-stock transaction, which will see Impiro acquire a 95 per cent stake in the renewable energy company. Impiro initially invested in Contained Energy in November 2014, purchasing a 45 per cent stake. After examining the… Read more »

Vingroup issues convertible shares, ups stake in retail arm

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Vietnam’s realty major Vingroup will issue convertible shares for the $200 million investment made by Warburg Pincus-led investor consortium, the company announced on Thursday. The investment, which was made by Wp Investments III BV and Credit Suisse AG, Singapore branch, in consideration of issuing additional shares by Vincom Retail JSC (a subsidiary… Read more »


Exclusive: Thai Agro Energy in talk to buy ethanol plants

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Thailand-based ethanol manufacturer Thai Agro Energy Plc (TAE) is negotiating to buy two ethanol production plants with a combined production capacity of 200,000 litres a day. The acquisitions aim to boost its daily production capacity from 350,000 litres to 550,000 litres, in a bid to serve the growing demand in the… Read more »


VN Dealbook: Southern Bank & Sacombank merge, Mutual Fund Elite invests in HHS, VNPT divests from Maritime Bank

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Bank mergers, state stake divestment and a change in the shareholding pattern marked Vietnam’s corporate dealscape this week. Sacombank and the Southern Bank are planning planning to merge,  even as Vietnam Posts and Telecommunications Group continues to divest from its subsidiaries. Meanwhile, Finland’s Mutual Fund Elite has become a large shareholder in… Read more »


Italian O&G producer Eni signs Myanmar offshore deals

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Italian oil and gas producer Eni has signed two production sharing contracts (PSC) for offshore blocks MD-02 and MD-04 in Naypyitaw, the firm said. Eni won the blocks in the competitive international offshore bidding round in 2013. The joint venture is between Eni, which will be the operator with an… Read more »


Online retailer Ensogo raises $27m from conditional placement

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Catcha Group‘s leading e-commerce unit Ensogo Ltd has raised A$35 million ($27 million) through a conditional placement of 189 million new fully paid ordinary Ensogo shares to select institutional investors, at an issue price of A$0.185 per share. In addition, the company’s strategic shareholder and China’s leading online discount retailer,… Read more »


PH health tech startup mClinica picks up equity stake in Medix

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Two health tech startups based in the Philippines mClinica and Medix have entered into an equity stake deal. mClinica will be acquiring an undisclosed percentage of the fellow Software-as-a-Service (SaaS) firm. Besides the stake acquisition, mClinica will be given access to Medix’s technologies and development resources, which is expected to boost… Read more »


Vietnam’s Vinh Long Food sells plant for $2.6m to recover losses

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Vietnam-based Vinh Long Cereal and Food Corporation (Vinh Long Food) has sold its Domyfeed seafood processing plant, located in the southern province of Dong Thap, for VND56 billion ($2.6 million) to Spotlight Feed JSC. The funds raised from the deal will help Vinh Long Food cover a part of its losses and… Read more »


Bukit Asam takes over nearly entire stake in mining JV co set up with Rajawali

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State-owned coal miner PT Bukit Asam announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created with PT Rajawali Asia Resources, part of the Rajawali Group. In an announcement published on the Indonesia Stock Exchange, Bukit Asam corporate secretary Joko Pramono… Read more »


Indonesia: Saratoga to acquire 51% in taxi co Express Group

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Jakarta-based PT Saratoga Investama Sedaya is in the midst of acquiring a controlling stake in taxi operator Express Group from PT Rajawali Corpora, a move that will strengthen it investment portfolio. Saratoga portfolio director Andi Esfandiari said in a statement to the local exchange, on Friday, that the firm had… Read more »