Taiwan’s Kenda Rubber to invest $160m in building second tyre plant in Vietnam

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Vietnam has granted investment license to Taiwan’s Kenda Rubber Industrial Company for establishing a $160-million tyre factory in Giang Dien industrial park (IP), southern Dong Nai province. According to an announcement by the industrial park owner, Sonadezi Corporation, this is Kenda Rubber’s second facility in Vietnam, following its first $100 million factory… Read more »

Indonesia Dealbook: J Trust to raise $27.4m from private placement; Bank Jateng Aims for 2018 IPO, Expansion; Mitra Keluarga split the shares 10:1

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Medium lender PT Bank J Trust Indonesia (BCIC) plans to raise Rp400 billion ($27.4 million) in private placement, while the regional government-owned Bank Jateng plans IPO in 2018 with an aim to beef up their capital, the Jakarta Globe reported. Hospital operator PT Mitra Keluarga Karyasehat Tbk (MIKA) is planning… Read more »


TH dealbook: Wind Energy Holding to raise $276m in IPO; GBI buys 40% stake in Laos firm

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Wind Energy Holding moves forward on its listing plan on the Stock Exchange of Thailand after KPN Group has acquired a majority stake from the former chairman Nopporn Suppipat. Meanwhile, Siam Global House International has bought 40 per cent stake in Souvanny Home Centre as  part of its expansion in Laos…. Read more »


Accenture plans to incubate Indian startups as angel funding surges

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Management consultancy Accenture might set up its startup hub, which already exists in its Silicon Valley office, in India at a time when venture funding is set to touch a new record. The company has worked with Indian startups before – at its labs in Hong Kong and through grants for… Read more »


India: JP Morgan gets approval to split units of schemes with Amtek Auto exposure

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JP Morgan Asset Management Co. Ltd has won the necessary approval from a majority of two of its schemes’ unit holders to segregate the assets, according to a notice published on the company’s website. The company, which sought the approval on 14 September, in the notice said that 98.69% of… Read more »


Top executives of tech giants pledge support for Digital India initiative

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Top executives of global information technology giants Google Inc., Microsoft Corp., Qualcomm Inc., Adobe Systems Inc. and Cisco Systems Inc. on Saturday said they are keen to join hands with India and deepen their participation in the Digital India initiative that aims to ensure that government services are available to… Read more »


Indonesia’s MNC Group units seek $102m from rights issue

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Two units of Indonesia conglomerate firm MNC Group, PT MNC Kapital Indonesia Tbk (BCAP) and its unit medium lenders Bank MNC Internasional Tbk (BABP), plan to raise funds from rights issue with total value Rp 1.50 trillion ($102.81 million), the company said, in a press statement. Also Read : Indonesia’s MNC Group,… Read more »


India’s Quick Heal hires JP Morgan, Jefferies, ICICI Bank for long-delayed IPO

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Quick Heal Technologies Ltd., a Pune-based maker of security software, is moving forward for a initial public offering (IPO) that it hopes will raise between Rs 1,000 crore and Rs 1,200 crore ($151 million-$182 million). The company, started in 1991 by brothers Kailash Katkar and Sanjay Katkar, has reportedly hired investment… Read more »


India: China’s Didi firms up anti-Uber alliance, invests in Ola

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China’s most popular ride-hailing app Didi Kuaidi said on Monday it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging U.S. rival Uber Technologies Inc. Didi joins existing investors including SoftBank Corp, Falcon Edge, Singapore sovereign wealth fund GIC and Tiger Global Management…. Read more »


VN Dealbook: Viglacera forms JV with Japanese partner; Three firms up stakes in listed cos

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Vietnam witnessed a spate of investment activities over the past week. While the country’s major ceramics player Viglacera introduced its construction management joint venture with both local and Japanese partners, a number of Vietnamese firms have strengthened their presence in rivals and affiliates through equity transactions on the stock market. Vietnamese, Japanese… Read more »