Mergers & Acquisitions
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Minna Padi Sekuritas to acquire 51 percent of Bank Muamalat
Minna Padi Sekuritas will use US$333 million to purchase Bank Muamalat’s 80 billion new shares.
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CJ Logistics buys majority stake in Vietnamese Gemadept shipping and logistics units
The deals are estimated to be worth 98.7 billion won (about US$85 million).
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JAS Asset acquires cafe chain Casa Lapin to set up joint venture Beans and Brown
Thai listed property developer JAS Asset Plc has bought over the trademark food and cafe chain Casa Lapin from Coffee Project Co Ltd for a price tag of 42 million baht (about US$1.27 million). The…
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Marcventures Holdings Inc to merge with two other mining firms
Philippines’ nickel miner Marcventures Holding Inc is merging with two miners Asia Pilot Mining Philippines Corp. (APMPC) and BrightGreen Resources Holding Inc. (BHI) in a deal valued at US$22.1 million (P1.125 billion). The company plans…
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SPRING, IE Singapore merge to form Enterprise Singapore
IE Singapore and SPRING will merge into one agency to better position the government to help homegrown enterprises grow and expand overseas.
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Ayala buys 49 percent stake in Zalora
The deal will help Ayala group provide innovative solutions to the evolving market.
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ADM raises US$94.6 million to increase stake in Singapore’s Wilmar
Archer Daniels Midland (ADM) has increased its share in Wilmar International from 24.3% from 24.9%.
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SamchemSphere Export is now a wholly-owned subsidiary of Malaysia’s Samchem Holdings
Samchem Holdings has also its Vietnamese subsidiary.
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Galaxy Studio to earn US$25 million via cinema venture exit
Galaxy Studio is looking to raise US$25 million through exiting its cinema operations.
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Indonesia’s Indorama in talks with Tata Chemicals for Haldia unit
An announcement will be released in the coming weeks.
