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Yoma Strategic, Ayala unit AC Energy set up JV to invest in Myanmar power sector
Singapore-listed, Myanmar-based diversified group Yoma Strategic Holdings and Philippine conglomerate Ayala Corporation’s energy platform, AC Energy, have entered an agreement to establish a 50:50 joint venture that will see an investment of at least $30 million into Myanmar-based Yoma Micro Power.
by DealStreetAsia
2019-10-15
2019-10-15
Grab locked in legal battle with Indonesian competition watchdog over alleged driver discrimination
The Indonesian arm of Southeast Asian ride-hailing major Grab has found itself locked in a legal battle with the local competition watchdog over allegations of driver discrimination.
by DealStreetAsia
2019-10-15
2019-10-15
Vietnam-based cricket protein startup Cricket One secures funding from 500 Startups, Masik Enterprises, bringing sustainable alternative to beef, chicken
Cricket One was founded by Nam Dang and Bicky Nguyen in 2017 to promote one of the world’s most environmentally friendly food sources beyond the East and Southeast Asian countries.
by e27.co
2019-10-15
2019-10-15
Shopmatic acquires SaaS multi-channel e-commerce platform CombineSell, rounding out its seller management offers
Singapore-based Shopmatic seeks to assist individuals and small firms to kickstart an e-commerce business, from setting up a website to managing cross-border transactions and customer engagement across different social media platforms.
by e27
2019-10-15
2019-10-15
HR startup Sprout raises US$6M from American billionaire Steve Cohen’s VC
NY-based Point72 Ventures, American billionaire Steve Cohen’s early-stage VC, has invested a US$6 million into Sprout, a payroll and human resources platform from Manila, Philippines. The Series A round of funding marks Point72’s first foray into Southeast Asia, Tech in Asia reported.
by e27.co
2019-10-15
2019-10-15
Q&M Dental Group sell 36% in Aidite Technology
The Aidite Technology stake is being acquired by China-based Suzhou Junlian Xinkang Venture Capital Partnership, and three Hong Kong-based firms, namely, Health Advance Limited, Schroder Adveq Asia Hong Kong I and ASP Hero SPV.
by DealStreetAsia
2019-10-14
2019-10-14
GCCP Resources to acquire Indonesian palm oil producer in RTO deal
The acquisition will result in a reverse takeover of GCCP Resources, which is now listed on the Catalyst board. The two parties have entered a non-binding MoU following GCCP’s board reshuffle on October 1, 2019.
by DealStreetAsia
2019-10-14
2019-10-14
GIC, Temasek drive state owned-funds’ $24.6b M&A spree in Q3
Sovereign wealth funds increased their merger and acquisition activity to $24.6 billion in the third quarter, propelled by deals involving Singapore’s GIC Pte and Temasek Holdings as well as China Investment Corp.
by DealStreetAsia
2019-10-12
2019-10-12
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