Thailand’s PTT asks govt to acquire stake in petroleum fields

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PTT PLC, Thailand-based energy conglomerate, has proposed to the country’s Finance Ministry that the government should acquire a majority stake in Erawan and Bonggot petroleum fields, before the concessions expires in 2022-23. Meanwhile, PTT plans to continue being the explorer and producer for both the fields. Earlier, the government had proposed setting up of a new national… Read more »

Singapore Windsor secures Europcar’s Myanmar franchise deal

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Singapore Windsor Holdings Limited said that its wholly-owned subsidiary, SMI Auto Services Pte Ltd, has been appointed the sole country franchisee in Myanmar by the French car rental farm Europcar. The franchise agreement will be valid for five years, and is renewable for a further five years upon mutual agreement… Read more »


Thailand-based TRC to form JV with China’s Sinopec to tap into ASEAN

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Thailand’s oil and gas turnkey TRC Construction is in talks with Chinese oil and gas firm Sinopec Limited to form a joint venture firm to get more construction projects in ASEAN. TRC’s chief executive officer Pasit Leesakul said the companies could conclude the deal by the end of this year. “ASEAN has… Read more »


Singaporean tycoon Peter Lim buys 20% in TheEdgeProperty.com

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Singaporean billionaire investor Peter Lim has taken a 20 per cent equity interest in the recently launched property portal by Malaysia’s Edge Media Group, for an undisclosed amount. This represents Peter Lim’s first foray into the technology sector. Peter Lim, who was ranked eight, among Singapore’s 50 richest people by… Read more »


VN Dealbook: Saint Gobain ups stake in Vinh Tuong, Siam Cement increases investment for Vietnam-based JV

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The Vietnamese market continues to attract attention from overseas investors. Saint Gobain, a French construction materials firm, said it plans to increase its holding in the Ho Chi Minh City-based ceiling and partition producer Vinh Tuong Industrial Corporation to a controlling stake of 57 per cent. Meanwhile, Thai Siam Cement… Read more »


Sembcorp in ‘preliminary’ talks with 1MDB to acquire Edra Global Energy

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Sembcorp Industries is in ‘preliminary’ talks with Malaysia’s debt-laden state investment firm 1Malaysia Development Bhd (1MDB) for acquiring the latter’s wholly-owned subsidiary Edra Global Energy, a report said.  The Edge Financial Daily cited a company source as stating that talks between Sembcorp and 1MBD were at a very preliminary stage. It is not known whether it… Read more »


SG Dealbook: United Orient Capital invests $10m in Vallianz; Otto Marine redeems preference shares for S$12m

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Several Singapore firms operating in the sectors related to marine oil and gas (O&G) industry, have had capital related deals recently. Offshore vessel support provider Vallianz raised $10m from a PE fund while Otto Marine redeemed preference shares held by another PE United Orient Capital invests $10 million in Vallianz  Vallianz Holdings Limited,… Read more »


Thailand-based EPG to buy auto-part maker in China for $15m

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Thailand-based synthetic rubber and plastic products maker Eastern Polymer Group (EPG) plans to take over an auto-part manufacturing business in China for around 500 million baht ($15.15 million) in the third quarter. Once the deal is finalised, EPG will become one of the world’s leading plastic auto-part makers. “We are interested… Read more »


Digiland buys 65% stake in software maker iBase

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Singapore-listed IT products and electronics marketing and distribution company Digiland International Wednesday announced that it had acquired a controlling stake in local software iBase Technology International for (IBTI) for S$26,0000. The deal was executed by Digiland International’s subsidiary – Digiland Pte Ltd – which bought a 65 per cent stake in… Read more »


Singapore’s DBS gets approval to set up branches in Australia

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South East Asia’s largest lender, DBS Bank, said Wednesday that it had got approval to launch banking services in Australia, and added that it would open its first branch in Sydney later this month. The Singapore headquartered bank’s Australia operations will be headed by Helen Yap, who was earlier OCBC Bank’s… Read more »