Thai sugar producer KSL to list its non-sugar firm next year


KSL Sugar PCL, one of Thailand’s leading sugar manufacturers, plans to list its subsidiary, doing ethanol and biomass power plants, on the Stock Exchange of Thailand by 2016. Chalat Chinthammit, assistant vice president of business development, said that it is in the process of selecting a financial advisor and is… Read more »

MSM in advanced talks for two upstream Indonesia acquisitions

Sugar-producer MSM Malaysia Holdings is reportedly, in advanced talks to acquire two Indonesian firms in the upstream market, local newspapers published. The Edge Financial Daily said that MSM is in “advanced” negotiations to acquire two Indonesia-based firms operating in the upstream market. MSM is also exploring opportunities to form strategic alliances or mergers and… Read more »

Daylight Studios raises $704k funding in series A round

Independent game developer Daylight Studios, a studio based in Singapore, has successfully raised $704,000 in a series A funding round led by Raffles Venture Partners and various angel investors. Amongst the angels is former Singtel Chairman Koh Boon Hwee, who previously invested in Singaporean gaming peripheral maker Razer. More recently, Koh invested in the seed… Read more »

Sugar raises $720k seed round, plans HK expansion

A Singapore-based deals discovery app has raised $720k and aims to expand to the Hong Kong market. Launched by Singaporean serial entrepreneur Benjamin Lee in 2014, who founded Sugar and its parent firm Sugar Technologies, a deals discovery mobile app with a novel process to give users discounts, disclosed to Singaporean digital lifestyle… Read more »

HK’s First Pacific eyes 51% stake in Roxas Holdings

Hong Kong-based First Pacific Co Ltd is planning to raise its stake in Philippine-listed sugar miller and refiner Roxas Holdings Inc (RHI) to 51 per cent, reported Business World Online. First Pacific managing director Manuel V Pangilinan told local media that the deal might be done soon. The deal will infuse… Read more »

Thai sugar producer ESC plans to launch IPO this year

Eastern Sugar and Cane Plc (ESC), the largest sugar producer in Thailand’s eastern region, plans to issue 600 million shares, equivalent of 26.9 per cent of its paid-up capital, through its initial public offering (IPO), this year. ESC has a registered capital of 2.3 billion baht ($71.88 million), divided into 2.3 billion… Read more »