Mergers & Acquisitions
-
SPH REIT acquires 85 percent stake in Australian shopping center for US$124.5 million
SPH Reit is acquiring the property via Moelis Austhrough Figtree Holding Trust, a wholly-owned joint venture trust of SPH REIT Moelis Australia Trust.
-
Indonesia’s travel tech unicorn Traveloka acquires three regional rivals
Traveloka has reportedly paid US$66.8 million to acquire three online travel agencies through a shell company named Jet Tech.
-
Robinsons Retail completes US$343 million acquisition of Rustan Supercenters
Hong Kong-based retailer Dairy Farm will own 18.25 percent of Gokongwei-owned retail firm in exchange for the full acquisition of Rustans Supercenters Inc.
-
Singapore’s Procurri Corporation makes US$22 million acquisition in Rockland Congruity
This acquisition makes Procurri Corporation’s US-based joint venture Rockland Congruity its wholly-owned subsidiary.
-
Singapore’s Keppel acquires Australian Chemical firm Ixom from Blackstone for US$565 million
The acquisition of Ixom will allow Keppel to gain a foothold in the water treatment sector.
-
Hikma Pharmaceuticals to acquire Vietnamese injectable maker Medlac
12/11/2018 – United States top sterile injectable manufacturer Hikma Pharmaceuticals has agreed to make a complete acquisition of Medlac Pharma Italy Co. Ltd based in Vietnam. Medlac is an Italian-Vietnamese joint venture founded in 2008.…
-
TNG FinTech makes second acquisition, buys Indonesian payment startup WalletKu
WalletKu offers a range of digital products from prepaid mobile phones credit top up to sports ticket bookings and payments.
-
Bukalapak acquihires second-hand goods marketplace Prelo
Prelo’s founder Fransiska Hadiwidjana will join Bukalapak as its head of business.
-
Indonesia’s KinerjaPay to acquire Digital Payments firm Mitra Distribusi Utama
The acquisition is expected to be completed by the end of 2018, which will add more profit to KinerjaPay with a total sales of US$39 million.
-
Myanmar Online Job Portal MyJobs is acquired by Swiss Media Group Ringier AG
Ringier AG said this acquisition is in line with the company’s strategy to become a well-digitized media company.