Acquisitions
Ensogo raises additional US$7.6mil from HK-based Ward Ferry
ASX-listed Ensogo Ltd said it has entered into an agreement with WF Asian Reconnaissance Fund Limited (Ward Ferry, a fund managed by Ward Ferry Management) for the placement of 58,823,530 new Ensogo shares to Ward Ferry at a price of 17 Australian cents (US 13 cents) per share.
iProperty acquires Thailand’s ThinkOfLiving.com
ASX-listed and Kuala Lumpur-based iProperty Group Ltd said it has acquired Thai-based real estate portal ThinkOfLiving.com, which would further expand its market presence in Asia.
China’s Vipshop takes 12.2% stake in Ensogo
E-commerce company Ensogo Ltd, formerly iBuy, said it has secured a strategic investment from China’s online discount retailer Vipshop Holdings Ltd. Vipshop will take a 12.2% stake in Ensogo by being issued with primary shares.
Acquisition spree: FoodPanda gobbles up Asian competitors, including Room Service
Online food delivery company FoodPanda said it has fully acquired key competitors in seven Asian countries, including the Room Service business in three Asean countries, less than two months after a similar acquisition spree in Europe.
AIM-listed Galasys acquires iLogic for about US$2mil
Galasys Plc, an integrated services and solutions provider for the amusement park industry in Asia, has acquired I Logic Solutions Sdn Bhd for up to US$1.97 million, with the final acquisition price to be determined by the latter's performance over the next two years.
SEEK-ing to deliver that perfect job search experience
From Melbourne, Andrew Bassat has been building into the world’s largest online recruitment business since 1997. He talks to Karamjit Singh about the ‘big cheque’ he wrote to JobStreet and his ambition to provide the perfect search experience for job-seekers and hirers.
EMC in cloud acquisition hattrick
EMC Corp has announced the acquisition of three cloud technology companies: The Cloudscaling Group Inc, Maginatics Inc and Spanning Cloud Apps Inc.
iCar grabs pole position in Thailand with One2Car acquisition
Automotive online classifieds company iCar Asia Ltd has agreed to buy One2Car, Thailand’s largest online classified site, for A$16.7 million, comprising A$13.4 million cash and A$3.3 million worth of new iCar shares.
Startup consolidation and the recipe for regional success
Golden Gate Ventures’ Justin Hall on what it is needed to become a regional powerhouse, in preparation for a whole lot of funds coming into the SEA region next year.
Hitachi Sunway acquires I-Net Singapore, its third acquisition in 6mths
Hitachi Sunway Information Systems Sdn Bhd said it has acquired a 100% stake in I-Net Solutions (S) Pte Ltd, which will be consolidated as a subsidiary of Hitachi Sunway and renamed Hitachi Sunway Network Solution Pte Ltd pending authorities’ approval.
