BIDV talking to 8 foreign investors for strategic partnership

By
Posted

The Bank for Investment and Development of Vietnam (BIDV), the country’s second largest bank by charter capital and third largest by total assets, is said to be in negotiating with eight foreign investors, for overseas strategic partnership, reported the local newswire VnExpress. As approved by the shareholders last year, the bank will issue… Read more »

RCI approves creation of $38m energy firm in PH

By

Roxas and Company Inc (RCI), a listed holding firm in the Philippines, plans to set up a new power company with an investment of $38 million (P1.7 billion). RCI informed the stock exchange that its board of directors has authorised the incorporation of a new company to develop, construct, and operate… Read more »


PGBank, Vietinbank to merge at 1:0.9 share swap ratio

By

Petrolimex Group Commercial Bank, or PGBank, will be merged into Vietnam’s second largest bank by assets, Vietinbank, via share swap. Both banks organised their shareholder meeting on Tuesday to announce the merger scheme. Specifically, 270 million shares of Vietinbank will be allocated to PGBank shareholders in exchange for 300 PGBank… Read more »


Great Eastern raises $555m by selling New China Life Insurance shares

By

Great Eastern Holdings, the insurance arm of Singapore’s second-largest bank, Tuesday said it had raised S$762.9 million ($555 million) million by selling shares in New China Life Insurance Co. The company, by selling 85 million New China Life shares, through its units Great Eastern Life Assurance and Overseas Assurance Corp, has booked a… Read more »


Vietnam Dealbook: Ha Do’s bond issue, CotecCons acquires subsidiary

By

New developments in the state-owned and private Vietnamese companies include bond issue from the Ha Do Group and a subsidiary acquisition by CotecCons. Ha Do publishes bonds to support M&A plans Property developer Ha Do Group plans to issue corporate bonds of VND1 trillion ($46.5 million) to fund acquisition of realty projects. The company… Read more »


Otten Coffee raises Series A funding from East Ventures

By

Otten Coffee, an Indonesian online store specialising in coffee-related products, has raised an undisclosed amount of Series A funding from East Ventures. Initially started as offline store in 2012 operating in the Indonesian city of Medan by Robin Boe and Jhoni Kusno, Otten expanded its business into the e-commerce space to expand its customer… Read more »


Commeasure secures $961k seed round from Jungle Ventures

By

Commeasure, an online hotel booking platform with a presence in Noida, India and Singapore, has secured a seed round valued at $961,000, led by VC firm Jungle Ventures. Capital will go towards expansion in Southeast Asia and technical development. Jungle Ventures, led by managing partners Amit Anand, Anurag Srivastava and Jayesh Parekh, is… Read more »


Malaysia’s EPF looking to divest from UK properties

By

The Employees Provident Fund (EPF) is in talks to cash in on one or two of its property assets in the UK, the fund said. CEO Shahril Ridza Ridzuan said the potential disposals will enable the pension fund to reap benefits of the massive yield compression in the UK property… Read more »


Zeemi.tv raises $1 million in seed funding from DeNa & 500 Startups

By

Zeemi.tv, an Indonesian live-streaming entertainment startup, closed a seed funding round in excess of $1 million, led by the venture arm of Japanese firm  DeNA and 500 Startups. The capital will go towards marketing and technology improvements, in addition to mobile app development and the mobile user experience, according to CEO and founder Thomas Damek. DeNA runs Showroom, one… Read more »


CNA in talks to sell China water treatment plant, shares surge 50%

By

Shares of Singapore-listed engineering firm CNA Group rallied 50 per cent, Monday, to close at 4.2 cents after the company said it was in talks to sell its waste water treatment plant in China. CNA, in a regulatory filing said it had “entered into discussions with the Dongying Economic Development… Read more »