Enterprise

CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary

CIP has long been attempting to sell the shell company of LMG.

AirAsia takes 50 percent stake in travel curator Touristly for US$2.6 million

Touristly will have the opportunity to tap into the AirAsia’s regional network, and monetize AirAsia’s 60 million flyers.

Village Grocer acquires B.I.G Supermarkets to become the leader in premium grocery

Malaysian premium grocery chain, Village Grocer owned by Navis Capital Partners has acquired domestic rival Ben’s Independent Grocer (BIG).

VIB interested to buy ANZ’s retail operations in Vietnam

Last month, ANZ announced that it is looking to exit its retail and wealth businesses in Vietnam.

Crowe Horwath acquires Partners Capital to extend corporate advisory services

Crowe Horwath is adding Partners Capital, an outsource investment office to provide corporate advisory services. The financial terms of the deal were undisclosed.

KIDO Group’s frozen foods subsidiary to list at US$132 million valuation

KIDO Frozen Foods has attracted many foreign investors before its initial public offering, including Unilever which previously owned the Wall’s ice cream brand.

Indonesian startup Pomona secures seed round to become the next Shopkick

Pomona aims to become the Indonesian Shopkick

Panasonic launches new VC arm with US$100 million corpus

OneSmile app combines various features, existing platforms and functions in one app,

Sun Life Financial partners with Vietnam’s first digital bank Timo to offer online insurance...

The signing took place after Sun Life Financial has acquired a 25 percent stake in Cresent Asia Limited, the holding company of GOFS.

Temasek acquires minority stake in India’s hospital chain Manipal Health

Temasek Holdings is set to acquire an 18 percent stake in Manipal Health Enterprises Pvt Ltd. from True North for Rs 1400 crore (about US$215 million).
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