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This marks AC Energy’s second renewable energy platform in Vietnam, after its partnership with BIM Group of Vietnam in January to develop more than 300 MW of Solar Power.
Ekuinas said the divestment translates to an IRR of 26.8 percent and money multiple of 1.96 times the capital invested.
Gowork plans to use the proceeds to expand aggressively and triple its footprint over the next year.
The acquisition is expected to be completed by the end of 2018, which will add more profit to KinerjaPay with a total sales of US$39 million.
The deal would bring Tencent into direct competition with arch rival Alibaba, which entered the Philippines last year when it invested in Voyager’s competitior: Mynt.
The cloud file service startup will use the capital to boost its presence in the Southeast Asia market, specifically in Singapore.
Ringier AG said this acquisition is in line with the company’s strategy to become a well-digitized media company.
VietJet will used capital from the listing to increase the airline’s air transport capacity.
FastGo is confident to compete and win customers in the ride-hailing market, home and abroad.
VisVires New Protein aims to ramp up their investment portfolio to 8 companies by the end of this year.