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.
