Berjaya Philippines to buy half of London's RBW in PHP3.7M cash deal

Makati, Philippines-based holding firm Berjaya Philippines Inc will buy a 50% stake in London, UK-based property firm RBW Holdings Ltd in a cash deal valued at PHP3.7 million.

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China's Fosun Group invests $30.7M in Malaysian restaurant chain Secret Recipe

Chinese conglomerate Fosun Group invested CNY210.5 million ($30.7 million) in Kuala Lumpur, Malaysia-based restaurant chain Secret Recipe, according to a report by Shanghai's China Business News.

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Bangalore startup Lumos builds solar powered backpacks that charge mobile devices

Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.

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Canada's Aimia to purchase minority stake in AirAsia-Tune Group owner Think Big

Canada-based digital media firm Aimia Inc is purchasing a minority stake in Malaysia-based firm Think Big Digital Sdn Bhd, the owner and operator of AirAsia-Tune Group's loyalty program.

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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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Malaysia to relax foreign auto restrictions to lure in investments

Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.

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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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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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Malaysia's Cahya Mata Sarawak Bhd partners to build Southeast Asia's first integrated phosphate complex

Malaysian firm Cahya Mata Sarawak has agreed to work with various companies to build the first integrated phosphate facility Southeast Asia, the Daily Express reported.

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Axis-REIT sells Axis Plaza to Collective Developers for MYR34M

Axis Real Estate Investment Trust, through its trustee RHB Trustees Bhd, has entered into a sales and purchase agreement to divest its Axis Plaza. The five-storey building will be sold to Collective Developers Sdn Bhd for MYR34 million.

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Bloomberg Television partners with Malaysia's Encorp Group to create first Malaysian business news channel

Bloomberg Television said has forged a partnership with privately-held firm Encorp Group Sdn Bhd to establish the first business news channel in Malaysia next year.

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'Amazon of Asia' Lazada bags $250M to cement e-commerce in Southeast Asia

Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.

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Cordlife increases stake in Malaysia's StemLife

Singapore-listed umbilical cord blood and tissue banking service provider Cordlife Group Limited announces its acquisition of an additional 11.89% stake in Malaysia-based StemLife for a total of SGD7 million.

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Malaysian tycoon Vincent Tan mulls over Cardiff City FC IPO, hires CIMB Group Holdings

Vincent Tan, owner of Malaysia's Berjaya Group, is looking to list Cardiff City Football Club on Singapore's Catalist. Tan controls a 51% stake in Cardiff City, which has been recently promoted to the English Premier League.

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Toshiba partners with real estate company to sell solar power to German households

Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.

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