GIC & Temasek among funds in race to pick stake in merged British telcos: Report

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Singapore’s sovereign wealth fund GIC and its state investment arm Temasek Holdings are among the leading global funds that are that are in the race to pick up to 30% stake in the merged British mobile phone giants – 02 and Three – a report said. Telefonica that owns O2… Read more »

WHA Corp promoter plans to offload 10% stake

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One of the major shareholders of Thailand’s listed warehouse and factory developer, WHA Corp Plc, has decided to sell part of the stake to one of the world’s top three leading funds this week. WHA’s chief executive Somyos Anantaprayoon, declining to reveal the fund’s name, said that the foreign fund had shown interest in becoming WHA’s shareholder… Read more »


GIC might bid for Holcim-Lafarge assets

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Groups led by Blackstone Group and CVC Capital Partners, as well as Ireland’s CRH, submitted bids for assets put up for sale by cement makers Holcim and Lafarge ahead of their planned merger, according to people familiar with the matter. Blackstone teamed up with Cinven and Canada Pension Plan Investment… Read more »


CIMB-RHB-MBSB: mega merger aborted?

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Malaysia’s biggest deal, a three-way bank merger, is reported to be called off some six months after it was proposed, local media reported, citing sources. The deal is likely to fall through as the bigger parties in the merger, CIMB Group Holdings Bhd and RHB Capital Bhd, are believed to… Read more »


Vietnam’s Sun Group to develop Van Don airport?

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Vietnam-based property developer Sun Group, whose projects include Ba Na Hills and luxurious resorts in the central city of Da Nang, has reportedly taken over the development of $800 million Van Don Airport, in northern Quang Ninh province. Vietnamnet Bridge, a domestic media outlet, cited the deputy director of the Quang… Read more »


Temasek weighs options on Standard Chartered?

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Singapore government owned fund Temasek Holdings is weighing its options on troubled bank Standard Chartered, that has operations across 70 countries and employs more than 80,000 people, media reports said. Temasek holds about 18 per cent stake in emerging markets bank Standard Chartered, and is learnt to have sounded out potential… Read more »


VNPT to get new chairman

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Vietnam’s telecom major Vietnam Posts and Telecommunications Group (VNPT) is set to get a new chairman.  According to the local newswires, Pham Long Tran – chairman of the board of members at VNPT – will retire three months early . He had submitted his letter of resignation to the Ministry… Read more »


ThaiBev eyes Vietnam’s beer maker SABECO

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The Thai Beverage Group (ThaiBev) is talking to the authorities in Vietnam to acquire a stake in in SABECO, Vietnam’s largest beverage producer. reported a local news wire. Officials at ThaiBev refused to comment on the proceedings related to the deal. Currently, the company is listed on the Singapore Stock Exchange and has a market capitalization… Read more »


GIC’s Sunway exit block bought by govt funds

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Several Malaysian government-linked funds have taken up an average of MYR 80 million ($24 million) worth of shares, each, in Malaysian property group Sunway Bhd from the stake GIC Pte Ltd divested last week, said an industry source. The five funds picked up a large part of the MYR 482 million ($144 million) share… Read more »


Vietnam Airlines IPO: Domestic banks to be largest investors?

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Foreign institutions have kept away from the much anticipated IPO of the Vietnam’s flagship air carrier – Vietnam Airlines (Vietnam Aviation Corporation). Going by the IPO related investor data released by the Ho Chi Minh Stock Exchange (HOSE), two domestic firms have registered to purchase 98% share of airliners shares…. Read more »