The transaction has been made through Chewathai subsidiary's Chewathai Interchange.
The convertible bonds would give Alibaba about 10 per cent stake in Red Star Macalline.
Frasers is launching an equity fundraising to party finance the acquisition.
EMS said the acquisition will help it diversify into new business lines.
The GVK-Bidvest case took a new turn at the Delhi High Court on Thursday.
IPOs & Markets
The IPO is one of the 10 largest in the U.S. this year among a surge of listings.
The investment will help Minh Phu expand to new markets such as China, Europe, Russia and the Middle East.
The fund seeks to raise $750 million in total committed capital, and will accept fund subscriptions for up to $1 billion.
Following the stake acquisition, SK Group will become the largest overseas shareholder in Vingroup.
EQT is putting the finishing touches to the deal, which would value the unit at up to $10 billion.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.