WatchBox receives investment by CMIA Capital Partners to extend international influence Pakistan Press Club – Singapore Singapore-headquartered CMIA Capital Partners has led an initial investment round in WatchBox, an international ecommerce platform for the trading of luxury pre-owned timepieces. Financial terms of the round was undisclosed but according to details in a media release, CMIA has…
IFC to invest US$12.8 million in Discovery World Corporation Pakistan press club – New York World Bank’s private investment arm International Finance Corp (IFC) is investing up to 650 million pesos (about US$12.8 million) in Discovery World Corp, a listed company in the Philippines. DWC owns and operates popular hotels and resorts in the…
Thai Gulf Energy to invest US$4.6 billion in Southeast Asia power plants Thai Gulf , Southeast Asia , power plants Pakistan Press Club – Thailand Gulf Energy Development Pcl’s founder Sarath Ratanavadi is planning to invest 150 billion baht (about US$4.6 million) in power plants over the next four years after the company’s…
Indonesia’s Telkom to buy Malaysian satellite VSAT operator TS Global Network for US$26 million Pakistan Press Club – Indonesia Indonesian state-owned telecom firm, Telekomunikasi Indonesia has recently announced its majority stake acquisition in Malaysian satellite operator TS Global Network (TSGN) for MYR 108.5 million (about US$26 million). The deal sees 70 percent of the stake being traded…
MoneyMax to purchase stakes in 13 Malaysian pawnbrokers for US$13.5 million Pakistan Press Club – Malaysia MoneyMax Financial Services, a pawnbroking operator has recently took up interest stakes in 13 Malaysian pawnbrokers from CMS Top Holdings Sdn Bhd at an amount of RM56.6 million (about US$13.5 million). The acquisition of stakes will be made through…
MindChamps Preschool to raise US$34.3 million in Singapore Exchange listing Pakistan Press Club – Singapore MindChamps Preschool, a franchisor of premium range preschool centers in Singapore has made its trading debut on Friday at the Mainboard of the Singapore Exchange (SGX). The preschool operator was among the most active stocks on the Singapore Exchange during…
Filipino payment startup Salarium to raise US$50 million via an Initial Coin Offering Pakistan Press Club Philippine Philippine-based payment solutions startup Salarium is aiming to raise up to US$50 million through an initial coin offering (ICO) for its SALPay Token. Salarium Founder and CEO Judah Hirsch explained that the company’s ICO will help bridge the gap between…
UK’s Pendragon to sell U.S. Motor Group business LONDON (Pakistan Press Club) – British car dealership Pendragon (PDG.L) is to sell its U.S Motor Group business after concluding a strategic review following a profit warning, it said on Monday. The firm, which warned on profit in October due to a fall in demand for new…
UK pushing to include Bitcoin under money-laundering rules LONDON (Pakistan Press Club) – Britain wants to increase regulation of Bitcoin and other digital currencies by expanding the reach of European Union anti-money-laundering rules that force traders to disclose their identities and report suspicious activity. With demand for Bitcoin surging, fuelling a 1,000 percent rally in…
Shareholders sue Australia’s Crown Resorts over China marketing SYDNEY (Pakistan Press Club) – Australian casino operator Crown Resorts Ltd (CWN.AX) was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price. The company…
