Enterprise
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Shinhan Bank to acquire ANZ’s retail business in Vietnam
ANZ has finally gained exit of its Vietnamese retail business, selling it off to Shinhan Bank Vietnam, a Korean financial services group.
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CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary
CIP has long been attempting to sell the shell company of LMG.
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AirAsia takes 50 percent stake in travel curator Touristly for US$2.6 million
Touristly will have the opportunity to tap into the AirAsia’s regional network, and monetize AirAsia’s 60 million flyers.
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Village Grocer acquires B.I.G Supermarkets to become the leader in premium grocery
Malaysian premium grocery chain, Village Grocer owned by Navis Capital Partners has acquired domestic rival Ben’s Independent Grocer (BIG).
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VIB interested to buy ANZ’s retail operations in Vietnam
Last month, ANZ announced that it is looking to exit its retail and wealth businesses in Vietnam.
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Crowe Horwath acquires Partners Capital to extend corporate advisory services
Crowe Horwath is adding Partners Capital, an outsource investment office to provide corporate advisory services. The financial terms of the deal were undisclosed.
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KIDO Group’s frozen foods subsidiary to list at US$132 million valuation
KIDO Frozen Foods has attracted many foreign investors before its initial public offering, including Unilever which previously owned the Wall’s ice cream brand.
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Indonesian startup Pomona secures seed round to become the next Shopkick
Pomona aims to become the Indonesian Shopkick
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Panasonic launches new VC arm with US$100 million corpus
OneSmile app combines various features, existing platforms and functions in one app,
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Sun Life Financial partners with Vietnam’s first digital bank Timo to offer online insurance services
The signing took place after Sun Life Financial has acquired a 25 percent stake in Cresent Asia Limited, the holding company of GOFS.
