HEADLINES

9/1/2018 – Hargol Foodtech, a startup based in Israel has today received a US$600K seed funding round from Singapore-based venture capital firm Sirius Venture Capital and Netherlands-based SLJ Investment. The startup plans to use the latest funding to increase its production capacity in an effort to solidify its position as ... Read More »

11/1/2018 – BOD Tech Ventures, a venture capital based in Myanmar has invested an undisclosed Series A amount in Innoveller Go Ltd, a Software as a Service (SaaS) provider for bus ticketing solutions. Post-funding, the startup will reach a valuation worth seven-digit US dollar amount. Meanwhile, the proceeds will be ... Read More »

12/1/2018 – Vietnamese restaurants operator Red Wok Cuisine has on Thursday acquired Quan Ut Ut Co Ltd, the company that owns Quan Ut Ut Barbecue and BiaCraft restaurant chains. This acquisition was made as part of Red Wok’s market expansion strategy which aims to boost the company’s competitive advantages. It ... Read More »

15/1/2018 – State-owned oil and gas company PetroVietnam is looking to place three of its subsidiaries for an Initial Public Offering this month. The three wholly-owned subsidiaries are Binh Son Refining and Petrochemical (BSR), PetroVietnam Oil Corporation (PV Oil), and PetroVietnam Power Corporation (PV Power). BSR and PV Oil is ... Read More »

15/1/2018 – The Philippine Stock Exchange (PSE) announced that it has forged a deal to acquire the stake of San Miguel Corporation (SMC) in a fixed-income bourse Philippine Dealing System Holdings Corp (PDS Holdings) for P80 million (about US$1.6 million). According to details of the share purchase agreement, PSE will ... Read More »

17/1/2018 – J-Ventures, the subsidiary and venture capital arm of SET-listed mobile retailer Jaymart Pcl (JMART) is planning to raise US$20 million via an initial coin offering (ICO). According to a regulatory filing to the Stock Exchange of Thailand, J-Ventures has created 300 million JFin digital tokens, and it plans ... Read More »

18/1/2018 – CNMC Goldmine Holdings and Singapore Kitchen Equipment, two SGX-listed enterprises are looking for dual primary listings of its share on the Hong Kong bourse. CNMC Goldmine is looking to to list on the Mainboard, while Singapore Kitchen Equipment plans to list on Hong Kong’s Growth Enterprise Market (GEM). ... Read More »

19/1/2018 – Chinese robotics and artificial intelligence (AI) startup Rokid has managed to secure a US$100 million new funding round led by Singapore’s state investor Temasek Holdings. This development was revealed by Rokid through its Wechat official account, and the round was also participated by Credit Suisse Group, CDIB Capital ... Read More »

22/1/2018 – Singapore’s property portal 99.co announced that it has acquired UrbanIndo, one of the largest real estate platform in Indonesia for an undisclosed sum. The acquisition will see 99.co gain a bigger foothold in Indonesia as it adds UrbanIndo’s 1.2 million active property listings in Indonesia to its existing ... Read More »

Secoo official forms alliance amid Chinese luxury market revival with Parkson Retail Group. Beijing, China – January 24, 2018 — Secoo Holding Limited, China’s largest premium e-commerce platform, signed a strategic collaboration contract with Parkson Retail Group, a leading international department store also operating in China. The two’s alliance will ... Read More »

24/1/2018 – Singapore’s state investor Temasek Holdings has joined a group of top technology investors, led by Activate Capital in funding the US$80 million Series D round in behind-the-meter battery startup Stem. According to John Carrington, the CEO of Stem Inc., the three investors include Temasek, Activate Capital, and Ontario ... Read More »

SET-listed food and beverages firm Malee Group has made a 65 percent stake acquisition in Long Quan Safe Food Joint Stock Company for 332 million baht (about US$10.5 million). The acquisition is scheduled to be completed in the first half of 2018 and comes as part of Malee’s strategy to ... Read More »

26/1/2018 – Vertex Ventures Holdings Ltd, a member of Temasek Holdings has recently led a Series A round in Malaysian PoS startup StoreHub, alongside other investors including Cradle Seed Ventures, Accord Ventures, and Fintonia. With this newly raised capital, StoreHub plans to expand its presence in Malaysia, Thailand, the Philippines, ... Read More »

29/1/2018 – Digital health startup Naluri today announced that it has raised about MYR1 million (about US$258k) in its seed financing round from Singapore’s healthcare analytics firm BioMark and 500 Startups through its Southeast Asia-focused fund 500 Durians. Commenting on the investment, co-founder of BioMark Dr Christopher Ting said, “Our ... Read More »

29/1/2018 – PetroVietnam Gas (PV Gas). a state-owned Vietnamese energy firm is seeking government approval for a divestment plan to sell 30 percent of its stock to a strategic partner by 2020. According to Le Nhu Linh, the Chairman of PV Gas, the approved strategic partner is expected to be ... Read More »

30/1/2018 – Mekong Capital, a private equity firm which focuses on Vietnam has announced that its Mekong Enterprise Fund II (MEF II) has made a full exit from its investment in MobileWorld Investment Joint Stock Company (MWG). On 29th January, the firm sold its final block of 5 million shares ... Read More »

1/2/12018 – Love, Bonito, a womenswear label based in Singapore has announced the completion of an additional US$13 million Series B funding round led by Kakaku.com, alongside the participation of existing investor NSI Ventures. This latest financing round comes after its last Series A from NSI Ventures in 2016, which ... Read More »

5/2/2018 – Lotte Accelerator, a startup booster from South Korea is looking to expand and diversify its investment capital in the Vietnam ecosystem this year. Jin Sung Rhee, the CEO of Lotte Accelerator said, “We have completed our commitment to invest US$1 million in Vietnam’s startup ecosystem through a partnership ... Read More »

7/2/2018 – Sirius Venture Capital, an investment firm based in Singapore has made a strategic investment in Israeli biotech and food tech startup SuperMeat’s seed funding round which raised a total amount of US$3 million. Sirius Venture Capital said the seed funding round was led by US-based venture capital firm ... Read More »

8/2/2018 – Creador-owned Malaysian retail pharmacy chain RedCap Pharmacy has on Tuesday announced that it is merging with local pharma retailer BIG Pharmacy. Creador’s founder and chief executive Brahmal Vasudevan confirmed the deal and noted that the PE firm has a significant minority position in the combined entity. He, however, ... Read More »