Asia Digest: Thai Beverage buys out Vietnamese consultancy; Fosun’s Onelinkplus, EasyPnP form JV

Ho Chi Minh City, Vietnam. Photo: Pixabay

In a few deals in the region, Thai Beverage Pcl has acquired the remaining 49 per cent interest in Vietnam F&B Alliance Investment Joint Stock Company for VND98 million ($4,321) while enterprise procurement solutions firm Onelinkplus, a subsidiary of Fosun Group, are forming a procurement joint venture company with Chinese enterprise non-core procurement platform EasyPnP.

Thai Beverage buys out Vietnamese consultancy

Thai Beverage Pcl, a manufacturer of Chang beer and branded spirits in Thailand, has acquired the remaining 49 per cent interest in Vietnam F&B Alliance Investment Joint Stock Company for VND98 million ($4,321).

Thai Beverage said in a regulatory filing on Wednesday evening that its wholly-owned subsidiary BeerCo purchased the shares from a third party shareholder. Upon the transaction’s completion, Vietnam F&B becomes an indirect subsidiary of Thai Beverage.

The acquisition was funded using internally generated cashflow and is not expected to have any material adverse impact on the earnings per share or the net tangible assets per share of THBEV for this current financial year.

Vietnam F&B,  incorporated in September 2017, is the management consultancy and investment firm. It has a charter capital of VND200 million, consisting of 20,000 shares with a par value of VND10,000 each.

Also read:

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Fosun unit forms JV with EasyPnP

Enterprise procurement solutions firm Onelinkplus, a subsidiary of investment management giant Fosun Group, has agreed to form a procurement joint venture company with Chinese enterprise non-core procurement platform EasyPnP.

Fosun International’s executive director, senior VP and CEO Can Wang said the JV will leverage Onelinkplus’ integrated platform and EasyPnP’s professional capabilities to provide cost-effective enterprise procurement services across Fosun Group.

“We look forward to working together to provide high quality products and services to companies within the Fosun Group and helping them both reduce procurement costs, and increase management efficiency,” Wang said.

Some of the JV’s targets are to provide cost-effective enterprise procurement services, including printed materials, gifts, office supplies, office furniture, and packaging supplies, for portfolio companies within the Fosun Group.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.