PT Bumi Resources Tbk (BUMI) will issue new shares worth US$ 2 billion. The maneuver was carried out by Bumi Resources to repay its debt to China Investment Corporation along with eight other investors.
Senjō Group announced that it has partnered with Tjaara, investing US$1.2 million in the Singapore-based B2B marketplace that connects small to medium-sized wholesalers to a network of Mandarin-speaking manufacturers.
F&N owned by Thailand's richest man, Charoen Sirivadhanabhakdi is to acquire Vietnam Dairy Products JSC (Vinamilk) to expand its market share in Southeast Asia, against Coca-Cola and Pepsi.
Vehico, an automobile IoT startup has received an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.
Singapore private university, SIM has a new initiative where it is investing US$35.1 million in a multi-pronged approach to encourage the building of new startups - in both an entrepreneurship programme, Platform E and funding startups at their pre-seed or seed stage.