5/2/2018 – Global financial services major Allianz on Friday announced that it is going to fully acquire Janashakthi General Insurance Limited at an amount of 85.9 million euros (about US$106.4 million). Allianz forged an agreement for the transaction, which is currently subjected to regulatory approval, and expected to complete in the first quarter of 2018, … Read more
5/3/2018 – Nawaplastic Industries (Saraburi), a subsidiary of Thailand’s Siam Cement Group (SCG) has registered to purchase an additional 29.51 percent stake in Vietnamese plastic producer Binh Minh Plastic JSC (BMP). The 29.51 percent stake in BMP represented by 24 million shares previously offloaded by Vietnam’s sovereign wealth fund State Capital Investment Corporation (SCIC) on … Read more
7/3/2018 – Philippine-listed water and wastewater services provider Manila Water Company Inc. is acquiring a 20 percent stake in Indonesian bulk water supplier PT Sarana Tirta Ungaran (STU). Manila Water said the total cost of acquisition was IDR 10 billion or close to PHP 40 million (about US$726k), which the company plans to finance through … Read more
7/3/2018 – Yangon-based jobs platform JobNet announced on Wednesday that it has raised a seven-digit US dollar funding round led by a London-based emerging markets-focused fund which remains unnamed. “With this major round of funding, we intend to increase the outstanding traction we have already achieved, and focus on increased operations and services in all … Read more
8/3/2018 – Malaysia’s online used car platform Carsome has raised one of the country’s largest-ever Series B rounds worth US$19 million, in an effort to strengthen its position in Southeast Asia’s ultra-competitive market for used vehicles. The round was led by Burda Principal Investments, the VC arm of German media company Hubert Burda Media, alongside … Read more
9/3/2018 – JW Therapeutics, a biotech startup based in Shanghai has secured a US$90 million Series A financing round joined by a consortium of leading global investors including Temasek and Sequoia Capital China. The financing also saw the participation of existing investors WiXi AppTec Group and Juno Therapeutics, alongside YuanMing Capital, Oriza Seed Capital, Yipu … Read more
13/3/2018 – Revolution Precrafted, a unicorn startup that is based in the Philippines has just signed a landmark US$3.2 billion deal to manufacture luxury apartments and hotel villas in Dubai’s famous The World Islands. Located four kilometers off the coast of Dubai, the World Islands is a groundbreaking development that looks to rival the Palm … Read more
