Sydney, Australia-based precious and base metals explorer Robust Resources will raise A$25.5 million via share issue to fund the acquisition of the Talas gold-copper project located in the Kyrgyz Republic.
Philippines
Ayala buys out Mitsubishi's stake in Philippine energy firm
Makati, Philippines-based real estate investment firm Ayala Land Inc (ALI) bought out the 40% holding of Tokyo, Japan-based trading giant Mitsubishi Corp in Philippine Integrated Energy Solutions Inc (PhilEnergy) for an undisclosed amount.
Aboitiz group takes over Marubeni's stake valued $360 million from indistrial park in Philippines
Philippines-based Aboitiz Equity Ventures property unit Aboitiz Land Inc had purchased the remaining 40% of common shares from Maurbeni, Japanese trading firm, worth 360 million from LiMA Land Inc (LLI). LiMA Land is the company that owns and runs the LiMA Technology Center, the filing detailed from Philippine Stock Exchange. .
Cosco Capital agrees to acquire Philippine-based firm Office Warehouse
Philippine conglomerate Cosco Capital agreed to acquire Quezon City-based office and school supplies seller Office Warehouse Inc for an undisclosed amount as part of its efforts to expand its retail business.
SM Investment Corp. invests in Philippine community mall development firm
Philippine-based real estate holding company SM Investments Corp entered an agreement to acquire a 34% stake in CityMall Commercial Center Inc for an undisclosed amount to construct a chain of community malls in Visayas and Mindanao.
Latest News
Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.
According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.
Philippine-based industrial chemical manufacturer received approval from its board for the sale of its entire 69.92% stake in LMG Chemicals Corp to businessman Norman Ng.
Baar, Switzerland-based mining giant Glencore-Xtstrata is preparing to divest its stake in the Tampakan copper-gold mine in South Cotabato, Philippines, according to a disclosure to the Australian Stock Exchange.
PricePanda, a price comparison website, was able to get new funds from German retailer Tengelmann Group worth $3 million to expand the site to other South Asian markets, TechCrunch reported.
Philippine-based multi-chain retailer Robinsons Retail Holdings Inc agreed to acquire three-store supermarket chain Jaynith's Supermarket for an undisclosed amount to further boost its retail network.
The latest Manulife Investor Sentiment Index for Asia showed that an improved investor sentiment in Japan and an improving view towards equities brought up the investor sentiment in the Asian region.
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.
Former Philippine trade minister Roberto V. Ongpin and his associates have hiked their collective holding in real estate developer Alphaland Corp to 50.57%, diluting British fund Ashmore's interest to 24.41%.
