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Vietnam’s Ben Thanh Jewelry secures US$7.6 million from Mekong Capital to launch PRECITA
Following the deal, Chris Freund, the founder of Mekong Capital will enter Ben Thanh Jewelry’s as the new chairman,
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Microfinance lender MFIL adds on US$1 million debt from Maybank
MFIL will use the proceeds from the US$1 million equivalent loan to expand its business and loan portfolio.
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Cashback site Dealcha! secures seed investment from 500 TuksTuks and others to accelerate growth
Despite global popularity, the cashback model has yet to take off in Thailand.
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IFC to invest US$10.2 million in Vietnam agribusiness PAN Farm
IFC’s investments in PAN Farm will support its expansion of seed production and new export of flower and vegetable operations.
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NRF Singapore sets up Data Science Consortium and AI program with US$107 million investment for the next five years
Both initiatives are aimed to bring together the government, academia, research institutes and industry to develop artificial intelligence capabilities in frontier technologies.
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Kresna-backed M Cash Integrasi plans year-end IPO for business expansion
Last month, Kresna had acquired a 17.6 percent stake in digital kiosk firm M Cash Integrasi.
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Actis makes mandatory takeover offer for remaining GHL shares
GHL Systems minority shareholders are advised to reject Actis’s takeover offer.
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Media startup Boombastis raises pre-Series A funding from Unistellar
Boombastis plans to introduce “a new kind of news”.
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Bank of Ayudhya launches US$30 million venture capital fund, Krungsri Finovate to invest in fintech firms
Krungsri bank follows the footsteps of Siam Commercial Bank and Kasikorn Bank, joining the bandwagon for fintech investment.
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Indonesia’s pastry shop chain, The Harvest secures eight-digit investment from Falcon House Partners
The Falcon House Partners typically invest in the US$15 to US$20 million range.
