Vintage buys stake in Myanmar solar plant firm

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Thailand-based Vintage Engineering said it has acquired a stake in a company that is expected to build a 220-megawatts (MW) solar power plant in Myanmar. The company’s board has approved the acquisition of 12 percent of shares in Green Earth Power (Thailand) for $20.28 million, according to Thai media reports…. Read more »

IFC invests in JinkoSolar's Malaysian unit

Sunway acquires hardware businesses for $38m, jointly buys Pasir Mas for $480k

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Property and construction group Sunway Bhd made two key announcements last week – the acquisition of two hardware distributors Winstar Trading Sdn Bhd and Singapore-based PND Hardware & Trading Pte Ltd, as well as the proposed joint acquisition of Pasir Mas Holdings Sdn Bhd with several other parties. In two… Read more »


PH Dealbook: Religare,FSG Capital JV; PetroEnergy in $13.5m SRO

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In two separate developments in the Philippines, a new joint venture firm will cater to the mid-capital market segment, while a company engaged in oil and mining business aims to raise up to $13.5m (P600 million) in its approved stock rights offer (SRO). India, PH investment firms form JV for… Read more »


VN Dealbook: Bamboo Cap listing; Vietinbank secures $100m; SBS merger; Vingroup acquires Giang Vo Centre

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This week, Vietnamese companies saw capital increases, listings, mergers and acquisitions (M&A). The companies involved are Bamboo Capital, property major Vingroup, Vietinbank and Sacombank Securities Company. Bamboo Capital plans listing, capital increase, and M&A   Ho Chi Minh City-based consulting and investment firm Bamboo Capital has decided on a number of… Read more »


SG Dealbook: Rex-Norwegian North Sea licence; SATS, BRF GmbH JV; WE Holdings drops PH deal

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The latest in the Singapore M&A scene has seen oil and gas outfit Rex acquiring stake in its second Norwegian North Sea licence, and locally listed company SATS teaming up with Brazilian major BRF S Ato to form a JV, whose business will encompass meat processing and manufacturing of branded… Read more »


FSS, Japan’s SBI Group to launch online brokerage in Thailand

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Finansia Sirus Securities Plc (FSS) signed a joint venture agreement with SBI Group, a major Japanese Financial conglomerate, to set up SBI Thai Online Company to launch the first pure-play online brokerage business to investors in Thailand. This is the second such joint venture of the FSS and the SBI Group. Previously, FSS… Read more »


Indonesian e-classifieds marketplace Jualo raises seed funding

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Indonesian marketplace business Jualo, which launched in 2014 has secured an undisclosed amount in seed funding from Mountain Kejora and Alpha JWC Ventures. Jualo claims to have facilitated $100 million in transactions since its launch. Founded by Dutch entrepreneur Chaim Fetter, Jualo operates a model thats a hybrid – combining the… Read more »


Thai beer tycoon confirms interest in buying Vietnam’s Sabeco

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Thai billionaire Charoen Sirivadhanabhakdi, whose sprawling beer portfolio includes brands such as Chang Beer, Archa Beer, Fraser & Neave, Frasers Cetrepoint, Berli Jucker, and TCC Land, has confirmed his interest in bidding for the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), Vietnam’s largest beverage producer. DEALSTREETASIA reported in February that two… Read more »


PH sugar miller VMC sets up $11.2m power corp

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Victorias Milling Corp (VMC), one of the largest sugar companies in the Philippines, has entered the power generation business with the incorporation of its planned $11.2 million (P500 million) energy firm. The listed sugar miller informed the stock exchange on Thursday that after compliance with the requirements, the Securities and… Read more »


Sembcorp sells UK water business to Pennon Group, expands China business

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Sembcorp Industries Thursday said has sold its water business in the UK for an enterprise value of £191.5 million (S$393 million). The company will get cash proceeds to the tune of £104.5 million (S$214 million) from the sale. The development comes within a day of the company announcing the expansion… Read more »