Thailand’s Largest Retailer Lists Shares in Country’s Largest IPO
Thailand’s largest retailer, Central Retail Corp, priced its IPO (Initial Public Offering) at THB 42 (USD 1.36) per share, raising THB 78.1 billion (USD 2.5 billion), making it the country’s largest IPO ever. The company would have a market valuation of...
Pharmacity Targeting Expansion to 1000 Stores by End 2021
Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year. In February 2020, Pharmacity raised VND 730 billion (USD 31.8 million) in a fresh funding round, which will be used for the further...
Warburg Pincus Backed Venture Purchases Five Lippo Malls
Warburg Pincus LLC backed shopping mall developer, NWP Retail, will spend USD 123.5 million to purchase five Lippo shopping malls in Indonesia. Two shopping malls will be purchased from Singapore-listed Lippo Malls Indonesia Retail Trust for USD 92 million and the...