Khazanah Nasional’s Avicennia to invest in SEA insurance cos

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Khazanah Nasional Bhd’s subsidiary, Avicennia Capital Sdn Bhd, aims to invest in the insurance industry of the emerging markets in the Southeast Asia. Its primary focus is on life, health insurance and general insurance, in Malaysia, Indonesia, the Philippines, Singapore and Thailand. Avicennia chief executive officer Alexander Ankel told local… Read more »

Vietnam Dealbook: Banking, FIT, Vietnam Airlines

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In Vietnam, this week there have been new development in the ongoing deals. Country’s central bank has revealed plans for restructuring a few more banks, either through voluntary merger or nationalisation. The national air carrier Vietnam Airlines has shown interest in the Noi Bai International Airport’s Terminal T1. While on the stock market,… Read more »


Thailand’s Singha Estate to partner Nirvana through a share swap deal

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Singha Estate PCL, a real estate company that is part of Thailand’s Singha Corp, has announced a partnership with Nirvana Development Co, through a share swap agreement. The deal, which is expected to be completed in April, will see Singha Estate issue 186.51 million shares to Nirvana in exchange for Nirvana’s existing 3.65 million shares…. Read more »


TMT Automobile plans takeover of Vinamotor

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Shareholders of Vietnam’s TMT Automobile have agreed for the take over of Vietnam Motors Industry Corporation (Vinamotor), the state-owned firm which was equitised one year a go. For the purpose, TMT is issuing corporate bonds of VND1.5 trillion ($70.4 million). TMT chairman Bui Van Huu said during the company’s shareholder meeting: “If we… Read more »


Vietnam to build vessels in $175m deal with Mynama Shipyards

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Myanmar and Vietnam have signed an agreement to establish a joint venture to build vessels, according to the Ministry of Transport. The $175.4-million joint venture was established between state-run Myanma Shipyards and Dong A Shipbuilding Joint Stock Company. Mynama Shipyards will control 51 percent stake in the JV, while with… Read more »


Thailand’s EPG acquires Australian auto-part maker for $17.69m

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Thailand-based synthetic rubber and plastic products maker Eastern Polymer Group (EPG) has signed the share sales agreement with CMI Limited to take over Australia-based auto-part maker TJM Products Pty Ltd (TJM) for 566.1 million baht ($17.69 million) through Aeroklas Australia Pty Ltd (ARKAU). ARKAU is a wholly-owned Australian subsidiary of… Read more »


Baoli Bitumina Singapore to invest $2.7b in Russian Far East

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Baoli Bitumina Singapore will invest $2.7 billion in infrastructure projects located in the Russian Far East. Singapore company Baoli Bitumina Singapore (BBS), a subsidiary of UK-based firm Denimotech Holdings and part of Bitumina Group, will invest $2.7 billion in infrastructure projects of the Far Eastern Federal District of the Russian Federation. A… Read more »


Fatfish invests $39k into Australia based Nvoi

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Fatfish Internet Group Ltd has invested A$50,000 ($39,060) into Nvoi Ltd, Australia’s first fully managed online staffing platform for temporary and contract workforce. This is the first investment into an Australian business by the internet ventures firm. Fatfish is among the sophisticated and professional investors investing in a seed funding… Read more »


Catcha’s Ensogo partners China’s Vipshop

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Catcha Group‘s investee Ensogo Ltd has entered a key strategic partnership with China’s leading online discount retailer Vipshop Holdings Ltd, a move that should drive it to profitability sooner. As a part of the strategic tie-up, Ensogo will have access to Vipshop’s vast volume and selection of existing inventory, available for immediate shipping,… Read more »


Meralco buys 60% stake in Comstech for $6.8m

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The Manila Electric Company (Meralco) is buying a 60 per cent stake in local partner Comstech Integration Alliance Inc (Comstech) for P300 million ($6.8 million). The power company had earlier informed the local stock exchange that it had signed a shareholders agreement with Comstech on Thursday relative to its equity investment… Read more »