<article>Manhattan Resouces finishes acquisition of Indonesian utilities firm PT Kariangau Power whilst <a href="http://www.dealstreetasia.com/?s=Singapore+Telecommunications+" target="_blank">Singapore Telecommunications </a>(Singtel) increases share capital in<a href="http://www.dealstreetasia.com/?s=+Amobee+group" target="_blank"> Amobee group</a>.</article>

Manhattan Resouces finishes acquisition of Indonesian utilities firm PT Kariangau Power whilst <a href="http://www.dealstreetasia.com/?s=Singapore+Telecommunications+" target="_blank">Singapore Telecommunications </a>(Singtel) increases share capital in<a href="http://www.dealstreetasia.com/?s=+Amobee+group" target="_blank"> Amobee group</a>.
<h3 style="text-align: justify;">Manhattan Resources completes acquisition of Indonesian power supplier</h3>
Manhattan Resources Limited <a href="http://infopub.sgx.com/FileOpen/Press_release_PT_KP.ashx?App=Announcement&amp;FileID=410761" target="_blank">announced on Wednesday</a> that it has completed the acquisition of a 92.18 per cent stake in Indonesian power supplier, PT Kariangau Power (PT KP), in a bid to increase revenue streams and broaden earning base.
The $35.7 million acquisition was closed by SLM Holdings Pte Ltd, a wholly-owned subsidiary and will be funded by internal resources, cash generated from operations and bank loans.
SGX mainboard-listed Manhattan Resources Limited, <a href="http://infopub.sgx.com/FileOpen/Press_release.ashx?App=Announcement&amp;FileID=393816" target="_blank">first announced </a>it had signed a non-binding memorandum of understanding to acquire at least 51 per cent shares in PT KP in early March of this year.
PT KP exclusively holds license to supply electricity within the Kawasan Industi Kariangau (KIK) zone in Balikpapan, East Kalimantan, for 15 years beginning on April 1, 2013.
It currently owns and operates two 15W coal-fired steam power plants in the KIK zone with a utilisation rate of about 80 per cent.
PT KP also holds two existing agreements with coal terminal operator PT Dermaga Perkasapratama for minimum monthly guaranteed sales and with an Indonesian state-owned company that distributes electricity across Indonesia that remains committed to purchasing all unsold excess power.
The acquisition is likely to be profitable in the long run as demand for electricity in Indonesia, especially East Indonesia, continues to rise at a forecasted growth rate of 11.2 per cent per annum.
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Said CEO &amp; Managing Director of MRL Mr David Low,“Moving into the energy-related business in Indonesia is a natural extension of our coal barging business, which will also allow us to leverage the power generation experiences of some of our Board members.”
<h3 style="text-align: justify;">SingTel increases share capital in three units of Amobee group</h3>
SingTel <a href="http://infopub.sgx.com/FileOpen/666-SGX.ashx?App=Announcement&amp;FileID=410683" target="_blank">announced yesterday </a>that it has increased the share capital in three units of wholly-owned subsidiary Amobee Group.
Amobee ANZ, which provides digital marketing services and is also a wholly-owned subsidiary of Amobee, subscribed to 22 million shares. ANZ&#8217;s share capital thus increased to A$22,000,100 from A$100.
Amobee also subscribed to 50 shares of wholly-owned subsidiary and investment holding company <a href="http://www.dealstreetasia.com/?s=Singtel+Mobile+Marketing+" target="_blank">Singtel Mobile Marketing </a>(STMM) for $167.8 million, raising STMM&#8217;s share capital to $347.8 million.
STMM has in turn subscribed to 10 shares in the capital of its whole-owned subsidiary, Amobee, Inc. for $20 million, increasing its share capital from $320,789,505 to $340,786,430.
Amobee first made headlines back in 2012 when SingTel acquires it for a whopping $321 million. Since then, the company which is also a mobile ad agency that helps clients with creatives, copy, strategy and media buys, has thrived.
It already has a robust social offering that includes existing ads API integrations with <a href="http://www.dealstreetasia.com/?s=Facebook" target="_blank">Facebook</a>, <a href="http://www.dealstreetasia.com/?s=Instagram" target="_blank">Instagram</a>, <a href="http://www.dealstreetasia.com/?s=Pinterest+" target="_blank">Pinterest </a>and <a href="http://www.dealstreetasia.com/?s=Twitter" target="_blank">Twitter</a>.
Then in early June, Amobee<a href="http://www.marketwired.com/press-release/amobee-announced-as-snapchat-partner-2133736.htm?mwfsmw" target="_blank"> announced </a>it will become a <a href="http://www.dealstreetasia.com/?s=Snapchat+" target="_blank">Snapchat </a>Partner and by the end of the year will provide brands with full-screen vertical Snap Ads.
Also Read: 
<a href="http://www.dealstreetasia.com/stories/gic-43789/">Singapore: GIC to acquire large minority stake in Irish telco Eir</a>
<a href="http://www.dealstreetasia.com/stories/singtel-discusses-2b-potential-ipo-of-broadband-unit-40622/">Singapore: SingTel discusses $2b potential IPO of broadband unit</a>
<a href="http://www.dealstreetasia.com/stories/38868-hubspot-38868/">Singapore: Hubspot opens APAC regional office in city-state; Singtel launches cybersecurity institute</a>
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SG Dealbook: Manhattan Resources completes acquisition, SingTel increases Amobee share capital

SG Dealbook: Manhattan Resources completes acquisition, SingTel increases Amobee share capital

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SG Dealbook: Manhattan Resources completes acquisition, SingTel increases Amobee share capital

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