Mergers & Acquisitions
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Thailand’s PACE sells stake in Dean & Deluca Japan for US$10 million
PACE Development Corporation has sold its 50 percent stake ownership in Dean & DeLuca Japan to Welcome Co Ltd.
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Korea’s Woongjin acquires additional Coway shares from GIC for US$266 million
The move will further increase its grip on Coway and allow it to resume control over the water and air purifier maker.
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Novo Tellus Capital acquires a 6.4 percent stake in SGX-listed ISDN
Novo Tellus has subscribed for close to 27 million new shares in ISDN holdings at S$0.20 per share.
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South Korea’s Woowa Brothers to buy food delivery startup Vietnammm
With the Vietnammm acquisition, Woowa Brothers will compete directly with rivals in Vietnam including GrabFood, Now by Foodie and Go-Viet’s Go-Food.
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Singapore Based Happy Marketer Group Acquired By Dentsu Aegis Network
The acquisition is a strategic step by Dentsu Aegis Network to accelerate their Asia Pacific expansion to the Southeast Asian Market.
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DollarsAndSense acquires Singapore financial planning startup fundMyLife
This acquisition aims to provide all-around financial advice for Singaporeans.
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Myanmar’s Trust Venture takes minority stake in career advisory firm Live the Dream
Live the Dream is a professional coaching and personal development training platform dedicated to the youths in Myanmar.
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EZAdvance to acquire Indian digital payment startup Alconomy
Following the acquisition, Alconomy’s technology will help EZAdvance in providing digital banking services in the Philippines.
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LankaPropertyWeb acquires local unit of property site Lamudi
Following the acquisition, LankaPropertyWeb claims that it will now host the largest collection of property listings in Sri Lanka.
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Singapore Sovereign Wealth Fund GIC to divest Taiwan Shopping Mall in US$450 deal
GIC is selling the asset to a pension fund and local REIT at more than twice its 2008 purchase price.
