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 »


CP group to acquire LH Bank

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Charoen Pokphand Group (CP), Thailand’s largest agri conglomerate, is in talks to acquire Land and Houses Bank (LHBANK), a senior bank official said. The information was disclosed by the Bank of Thailand’s governor Prasarn Trairatvorakul, but he declined to provide additional details on the prospective deal. However, the details of… Read more »


CP group refutes Tesco Lotus buyout rumors

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Thai agri-business and retail major Charoen Pokphand Group (CP group) has refuted all rumours regarding the buy out of the Thai operations of financially stressed UK retail major Tesco Lotus. According to a company official, even if Tesco Lotus ( Thailand) is put on the block, the valuation is expected… Read more »


Vietnam’s funniest site Haivl secures $1.56-m funding

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Vietnam’s leading entertainment website Haivl.com is believed to have been acquired by 24h Online Advertising JSC at VND33 billion ($1.56 milion) last week, although the founder has publicly termed the exercise an investment. According to Vnexpress, 24h Online Advertising JSC, the operator of www.24h.com.vn acquired Haivl on October 8, a… Read more »


Siri, BTS to form JV to develop property along Bangkok’s skytrain?

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Sansiri Public Company Limited (SIRI) and Bangkok Mass Transit System Public Company Limited (BTS) will set up a joint-venture company together for developing the property along the skytrain routes, the source told Deal Street Asia. SIRI is one of the leading property developers in Thailand and has expertise in developing… Read more »