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Sunmoon Food Company

Singapore-listed Sunmoon invests in American beverage firm True Drinks

Bukit Batok Crescent, Singapore-based fruit and produce firm Sunmoon Food Company has agreed to buy $250,000 (S$317,200) worth of stocks in Nevada, US-based beverage company True Drinks Holdings at $4 apiece.

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Elementum SCM

CORRECTED-California's Elementum bags $44M in Series B round to track supply chain in the cloud

California, US-based enterprise software startup Elementum, a spinoff from Singaporean firm Flextronics International Inc, bagged $44 million in a Series A funding round led by Lightspeed Venture Partners for a cloud-based supply chain tracking software.

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Singapore central business district

Singapore launches program to fund startups expanding into Indonesia

The Singaporean government launched iSTART, a financing program designed to fund the expansion of local telecommunication and mobile app startups into Indonesia, which could potentially be an avenue for growth for the Singaporean and IT industry.

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Yoma Strategic Holdings

Singapore's Yoma to pick up $11.1M stake in Myanmar's consumer goods firm

Singapore-listed investment holding company Yoma Strategic Holdings agreed to pick up a 30% stake in Myanmar-based consumer goods firm Asia Beverages Co in a deal valued at $11.1 million (S$14.2 million).

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Miclyn Express Offshore (MEO)

ASL Marine to acquire Miclyn Express Offshore shipyard in Indonesia for $20M

Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.

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Miclyn Express Offshore (MEO)

ASL Marine to acquire Miclyn Express Offshore shipyard in Indonesia for $20M

Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.

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Uber

American car booking firm Uber to invade Asia Pacific market -source

San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.

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RedMart

Singaporean online supermarket RedMart secures $5.4M in bridge round

Singapore-based online grocery store RedMart secured $5.4 million in a bridge round that will be used to construct its logistics infrastructure and technology in preparation for growth and expansion.

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FirstCry

India-based online baby store FirstCry scores $15M in Series C round

India-based online baby and kids store FirstCry.com scored $15 million in a Series C funding round led by Vertex Venture Management to expand its online, offline, and mobile presence.

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Lovable Lingerie Ltd

Singapore's Nalanda Capital ups stake in Indian firm Lovable Lingerie

Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.

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China

China-focused Boyu Capital to close $1.5B for second buyout fund -sources

China-focused private equity group Boyu Capital is set to close $1.5-billion for its second buyout fund within a few weeks, according to people familiar with the matter.

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Aquaint Capital

Aquaint eyes distressed property assets in Australia -sources

Singapore-Malay asset manager and property investor Aquaint Capital is looking to raise fresh capital to acquire distressed property assets across Australia, according to sources familiar with the matter.

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Forbes Media Chairman and Editor-in-Chief Steve Forbes

Forbes attracts Germany's Axel Springer and other bidders -report

New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.

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Oversea-Chinese Banking Corp (OCBC)

Singaporean lender OCBC to spend $298M to increase its stake in Chinese Bank of Ningbo

Singapore-based lender Oversea-Chinese Banking Corp (OCBC) will spend around CNY1.8 billion ($298 million) to increase its stake in China-based firm Bank of Ningbo Co from 15.34% to 20%.

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Millennium Ocean Star Corp

Millennium Global takes controlling stake in Philippine seafood explorer Millennium Ocean

UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.

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