Asia Digest: Roxy-Pacific picks 49% in Vivel SG; Myanmar’s Karzo plans Series A

Commercial buildings in the central business district are illuminated at dusk in Singapore. Photographer: Brent Lewin/Bloomberg

Singapore’s property group Roxy-Pacific Holdings has acquired a 49 per cent stake in Vivel SG Pte. Ltd while Karzo, a tech-based logistics provider in Myanmar, has announced a new B2B focused business strategy as it embarks on its Series A fundraising process this month.

Roxy-Pacific acquires 49% stake in Vivel SG

Mainboard-listed property group Roxy-Pacific Holdings has acquired a 49 per cent stake in Vivel SG Pte. Ltd for $10 million, according to a disclosure.

The deal was made through RPV Two Pte. Ltd, a Roxy-Pacific’s subsidiary.

Meanwhile, Vivel SG, through Mauna TMK, has entered into an agreement to acquire the retail building situated at 23-10 Udagawa-cho, Shibuya-Ku in Tokyo, Japan, at a purchase price of JPY5.2 billion (approximately S$63.5 million).

Established in May 1967, Roxy-Pacific Holdings Limited is principally engaged in the development and sale of residential and commercial properties.

Myanmar’s Karzo to raise Series A round 

Karzo, a tech-based logistics provider in Myanmar formerly known as Kargo, has announced a new B2B-focused business strategy as embarks on its Series A fundraising process this month, according to an announcement.

The B2B focus strategy follows an identity and branding makeover.

“The focus on B2B also allows us to channel our resources on strengthening our presence along key freight and border corridors of Myanmar to prepare for cross-border expansion across Southeast Asia. The Myanmar freight market is expected to grow by 300 percent in the coming years,” said Alex Wicks, Founder & CEO of Karzo.

As part of its B2B focus, Karzo is releasing a transport management system that will modernise the logistics industry in Myanmar and the region.

Wicks also added that the company is ready to embark on its Series A fundraising this month.

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.