Thailand Dealbook: Asean Potash, Compass East

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Thailand’s oldest potash mining company is planning to raise funds on the Thai bourse, after it was granted an approval to run potash mining operations; it will require around 40 billion baht for the investment. Meanwhile, the listed ceiling fan manufacturer has decided to diversify into solar power business through a share acquisition deal…. Read more »

Temasek, JTC merge 4 realty cos to form S$5b urban development giant

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Singapore state-fund Temasek Holding and JTC Corporation, the government agency responsible for the development of industrial infrastructure, Monday announced they had reached a deal to combine four of their real estate units into a S$ 5 billion integrated platform. The four subsidiaries include JTC’s Ascendas Pte Ltd and JURONG International… Read more »


Three developers bid for railway project in Myanmar

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Three developers have submitted tender proposals to the Myanmar railways authorities to compete for the Yangon Central Railway Station comprehensive development project, the Ministry of Rail Transportation said. The three unidentified developers are from nine domestic and foreign companies selected for the project in October last year. The Yangon Central… Read more »


1MDB debt: Ananda Krishnan settles $560m, Petronas bond yield impacted

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Malaysian tycoon T Ananda Krishnan has bailed debt-laden 1Malaysia Development Bhd (1MDB) out, helping the strategic investment firm settle a MYR2 billion ($560 million) loan last Thursday, six days before bankers triggered a default. Local media quoted sources saying that the payment was received by the banks involved hours after the… Read more »


Vietnam Dealbook: Hanoi Water, Ca Mau

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After reviewing the operational status of State-owned enterprises (SOE), the Vietnamese Government has decided to increase the number SOE to be equitised by fiscal 2015 to 532 companies (from the initial plan of 432 firms). The equitisation process of Vietnamese SOEs – a process that involves unloading or diluting the… Read more »


PLDT’s stake in Rocket shrinks to 6.1%

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Multimedia and telecommunications giant Philippine Long Distance Telephone Company’s (PLDT) stake in Rocket Internet has fallen further after it failed to subscribe to the German company’s $670 million equity fundraising round. This marks the fourth time that PLDT’s stake with the German startup has been diluted from the original 10… Read more »


Vinatex plans $441m investment after IPO

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Vinatex will invests VND9.4 trillion ($441.3 million) in its 60 textile projects until 2017, as it struggles to operate as a joint stock company.


PH’s Ayala Group sets $4.1b as capex for this year

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In its bid to support the ambitious expansion plans of its core businesses in the Philippines, the Ayala Group of companies has set P185 billion ($4.1 billion) in capital expenditures, this year. The businesses in which the Ayala Group wants to shore up its investments in include, real estate, telecom units, power generation,… Read more »


Exclusive: Delta eyes stake in European power supplier

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Delta Electronics (Thailand) Plc, one of the world’s leading producers of power supplies and electronic components, is negotiating to acquire world’s second largest power supply company. This move is part of company’ s strategy to accelerate its growth in the power supply business. Delta’s director Anusorn Muttaraid said that the… Read more »


Singapore’s MegaFash plans regional exansion via acquisitions

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Singapore-based MegaFash, a marketplace for independent local brands launched in 2013, is looking to raise a Series A round. The capital raised will fuel regional expansion and talent acquisitions efforts, as business traction builds for the Singaporean venture. The company has also articulated plans to acquire smaller regional players, though has not publicly elaborated on which entities… Read more »