Charoen Pokphand Group to Acquire Tesco’s Thai and Malaysian Operations
On March 9, 2020, CP Group, Thailand’s biggest agribusiness conglomerate, reached an agreement with British grocery chain Tesco to purchase its businesses in Thailand and Malaysia for USD 10.6 billion. Following this agreement, CP will own 86.9% in Tesco Stores...
Shopping Mall Developer Aeon Vietnam Announces USD 2 Billion Expansion Plans
Aeon Vietnam announced that they will invest an additional USD 2 billion to expand its network of commercial centers in the country. Iwamura Yasutsugu, the general director of Aeon Vietnam, says the company expects to develop 25 centers across the country as consumer...Singapore’s OUE Acquires Majority Stake in Indonesia’s Maxx Coffee Chain
Singapore-based property firm OUE announced that it acquired, through its indirect wholly-owned subsidiary, Oddish Ventures Pte Ltd, a 88.43% stake in Indonesia’s Maxx Coffee Prima (PT MCP) for USD 23.1 million. Shares were bought from PT Inti Anugerah Pratama...