Mergers & Acquisitions
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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.
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Temasek takes 30% stake in Italian fashion brand Stone Island
Singapore’s sovereign wealth fund Temasek is set to acquire a 30 percent stake in Italian fashion retailer Stone Island, according to its parent firm Sportswear Company S.p.A. Financial terms of the transaction were not disclosed,…
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ANZ Bank nears deals to exit AmBank stake for US$900 million
ANZ has been looking to sell its 23.8 percent stake in Malaysian affiliate AmBank Holdings since early 2016.
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Thailand’s Omise to acquire e-money service provider Paysbuy
The payment technology service provider plans to enter Singapore, Indonesia, and Malaysia in the near future.
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Blibli acquires online travel agent Tiket.com to strengthen travel foothold
The acquisition of Tiket by Blibli will help the ecommerce site to strengthen its foothold into the travel industry.
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Singapore Press Holdings partners RecomN Technologies to launch service matching portal
SPH will take a one-third stake in the startup for S$980K (about US$708k)
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Flutter Asia buys Perfect Match Jakarta to become the top Indonesian dating platform
Flutter Asia is set to introduce new freemium features for its users in Indonesia
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Malaysian beauty e-commerce site Hermo to be acquired by istyle
Gobi Partners exit Malaysian beauty e-commerce site Hermo with 91 percent IRR.
