Deviana Chuo
Stories by Deviana Chuo
Indonesia’s Solusi Tunas Pratama still on the block as PE investor seeks exit
Solusi Tunas Pratama is backed by Carlyle and Southern Capital, wherein the former is looking to exit.
TPG consortium among three shortlisted bidders for Columbia Asia hospitals
The other two bidders are Sime Darby and General Atlantic.
PE firm Capsquare explores dual-track exit for restaurant chain operator Champ Group
The PE firm is looking at both a trade sale and an IPO for the company that owns and operates 220 restaurants throughout the archipelago.
Australia’s Newcrest seeks buyer for 26% stake in Indonesian gold mining firm
Newcrest is required to reduce its ownership in Nusa Halmahera Mineral before June 26, 2020 in accordance with Indonesia’s mining laws.
Thai auto marketplace SiamCarDeal raises $300k from 500 TukTuks
The company intends to add more services and also support the used cars market this year.
Singapore’s CapitaLand divests HK-listed China Real Estate stake for $366m
The stake divestment is a part of CapitaLand’s portfolio management.
Malaysia’s MIDF, Al Rajhi Bank merger hangs in balance
Malaysia’s PNB is the shareholder in MIDF while S Arabia-based Al Rajhi Bank owns Al Rajhi Malaysia.
Armstrong Asset Management seeks to divest Vietnamese wind power asset
The Singapore-based PE investor operates a 40MW wind power plant in Vietnam.
Indonesia’s Reliance Capital seeks additional underwriter for $300m IPO
Reliance Capital Management is backed by Leapfrog Investments, FMO and PartnerRe.
SGX rejects International Cement Group’s proposal to buy Namibian firm
SGX also ordered ICG to conduct pre-deal anti-money laundering due diligence on the source of funds for any future major transactions or very substant
