Thailand: AJD scrip hits roof on rumours of takeover by Chinese e-commerce giant Alibaba

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The Stock Exchange of Thailand (SET) has suspended the trading in Crown Tech Advance PCL (AJD) today. This follows the earlier action by SET, where had put a ‘halt (H)’ on the trading of the scrip after it hit the circuit, following the rumour that Chinese e-commerce giant Alibaba Group was planning to take… Read more »

Has Vietnam’s e-commerce marketing platform Beeketing raised seed round from 500 Startups?

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Vietnamese marketing platform Beeketing has probably got funded by the US venture capital firm 500 Startups. While neither company has publicly announced the investment, data platforms like AngelList and CrunchBase show that 500 Startups invested in a $125,000 seed round last month. Queries sent to 500 Startups and Beeketing were unanswered… Read more »


Shakeup at Vietnam’s search engine Coc Coc: Have founders exited?

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An internal shakeup may be underway at Vietnam’s search engine developer Coc Coc with two founders having quietly exited the startup and the third co-founder is said to be following suit. Sources familiar with the matter told DEALSTREETASIA that the two founders have sold their stakes to the Russian CEO Victor Lavrenko… Read more »


Vietnam: Is a deal brewing between electric appliance maker Nhat Linh Co & VNECO9 Construction?

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Vietnam-based producer of electric appliances Nhat Linh Co Ltd is speculated to be looking to acquire VNECO9 Investment and Construction JSC, after shareholders of the latter intended to buy and sell shares in large tranches. In September, Nguyen Chi Linh, chairman of VNECO9, who is also general director of Nhat Linh Co… Read more »


India: Sun TV promoters have no plans to exit company: CFO

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Kalanithi Maran and his wife Kaveri Kalanithi, promoters of Sun TV Network Ltd, have no plans to exit south India’s biggest media group, its chief financial officer (CFO) said on Friday. The comments came amid market speculation that the promoters were looking to sell their stakes to two private equity… Read more »


Vingroup acquires Ocean Group’s real estate JV Ocean Thang Long?

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Vietnam’s realty giant Vingroup might have reached a deal with real estate and financial conglomerate Ocean Group to acquire a majority stake in the Ocean Thang Long Investment JSC (OTL), which is a joint venture between Ocean Group and construction major Vinaconex. According to a few industry insiders, the Ocean… Read more »


Hoang Anh Gia Lai sells Da Nang-based HAGL Plaza Hotel

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Vietnamese property developer Hoang Anh Gia Lai Group (HAGL) is learnt to have sold its five-star HAGL Plaza Hotel Da Nang to a company run by an Australian Vietnamese for $25 million, according to an industry executive familiar with the development. The transaction was sealed in April, this executive added…. Read more »


Startup media platform e27 up for grabs?

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Investors in Singapore-based e27, a startup media portal founded by Thaddeus Koh and Mohan Belani, have been seeking an exit, implying that the tech blog and startup events organizer is on the block, three different executives aware of the development, told DEALSTREETASIA. Operating under the trade name e27 but formally registered… Read more »


Central Group acquires second Vietnam-based electronics retailer Pico?

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The retail arm of Thailand’s richest billionaire Tos Chirathivat, Central Group, is negotiating to buy Vietnam based electronics retailer Pico. The speculation about this acquisition follows a recent deal in January, which saw the Thai firm snap up 49 per cent of Vietnam retailer Nguyen Kim. Although Pico’s acquisition has not been announced, sources from the industry… Read more »


Oversea private funds looking to acquire Suppipat’s WEH stake?

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Private funds from the United States and Singapore are likely to buyout the entire stake that chairman Nopporn Suppipat owns in Thailand-based  Wind Energy Holding (WEH), said a source with direct knowledge of the development. This executive also declined to be named. Suppipat, who owns the majority stake of 75-per-cent in the… Read more »