VN Dealbook: PVFCCo expands a $237m plant, Dai Tan Long ups stake in Tan Tien

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State-owned companies seem to be focusing on the energy sector in Vietnam. PetroVietnam Fertiliser and Chemicals Corporation, a subsidiary of the state-owned oil and gas giant PetroVietnam, is expanding part of its fertiliser factory with an investment of $237 million. Meanwhile, Tan Tien Plastic Packaging JSC, a private business, is facing… Read more »

Atlas Mining in PH to raise $15.5m in debt

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Atlas Consolidated Mining & Development Corporation, a subsidiary of Anglo Philippine Holdings Corporation, is planning to raise up to $15.5 million (P700 million) through convertible loans. Anglo Holdings disclosed the plan to the stock exchange on Friday (June 5), as it seeks to participate in the availing of the unsecured… Read more »


SMRT won’t exercise option to invest S$34.5m in OMG

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Singapore-listed transport operator SMRT, which had teamed up with OMG in the latter’s bid for the city-state’s fourth wireless telecommunications (telco) carrier licence, has turned down the option to invest up to S$34.5 million in OMG by subscribing to shares in the company. OMG, a subsidiary of local tech company… Read more »


Exclusive: Major shareholder of SINGER Thailand disposes all its shares

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SINGER (Thailand) BV, the major shareholder of Thailand’s listed home-appliance distributor SINGER (Thailand) PCL, has sold its entire 108 million shares, equivalent to 40 per cent of the company’s capital, to undisclosed companies for 1.512 billion baht ($45 million). This big lot has been traded at the price of 14 baht per… Read more »


EPF ups stake in Litrak, becomes major shareholder in property developer UEM Sunrise

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The Malaysian Employees Provident Fund (EPF) recently raised its stake to over 6 per cent in Lingkaran Trans Kota Holdings Bhd (Litrak) after buying 293,400 shares in the highway concessionaire. In a statement to Bursa Malaysia on Wednesday, Litrak said the EPF increased its shareholding to 34.49 million shares or… Read more »


Tune Group to discard stake in insurance unit Tune Ins

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Tune Group, founded by Malaysian tycoon Tony Fernandes, is reportedly looking to sell shares in its insurance arm, Tune Ins Holdings Bhd. Bloomberg reported that the investment firm, backed by Fernandes’ AirAsia Holdings Bhd, was reviewing its stake in Tune Ins. Tune Group CEO Tan Hong Kheng responded to the… Read more »


Q&M to buy majority stakes in 3 dental clinics in China

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Singapore-listed Q&M Dental Group said it plans to expand to China by acquiring a controlling stake in three dental clinics in Liaoning province for 12.2 million yuan (S$2.65 million) in cash. The company said it has reached a deal to buy 60 per cent stake in two dental clinics located in… Read more »


KTL Global acquires 20% stake in Korea’s Dae Kwang for $5m

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Singapore-based SGX-listed ropes and rigging specialist KTL Global Limited said it plans to buy 20 per cent stake in Korean rigging specialist, Dae Kwang Co Ltd for $5 million, to accelerate its push into the Korean offshore and marine industry. Dae Kwang, which manufactures and supplies ropes, lifting and rigging… Read more »


Stirr Japan in talks to acquire 51% of Vietnam’s Petrolimex Taxi

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Saigon Petrolimex Gas Taxi JSC (Petrolimex Taxi) will probably sell 51 per cent of its own shares to Stirr Japan. The decision was take at the Vietnamese firm’s shareholder meeting on Friday. The process is still in talks. In fact, Stirr Japan proposed the acquisition last year. Currently, it is holding… Read more »


VN Dealbook: HAGL and Hoa An buy back their shares

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Companies in Vietnam, including property developer Hoang Anh Gia Lai (HAGL) and mining firm Hoa An JSC, have announced plans to buy back their shares, while HAGL chairman Doan Nguyen Duc upped his stake in the company to 44.03 per cent. HAGL chairman increases stake, company to buy back shares… Read more »