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Newsletter by Index-Asia

Some of the latest selected deals of the area:

[Logistics] [Acquisition] Chelsea Logistics is in the process of acquiring Starlite Ferries Inc. to expand its shipping and logistics operations.

[Mining] [Merger] Marcventures Holding Inc. completes its planned merger with Asia Pilot Mining Philippines Corp. and BrightGreen Resources Holdings Inc. to grow its business and diversify its products.

[Energy] [Acquisition] MRC Allied acquires a 15% stake in a solar power project in Leyte managed by Sulu Electric Power and Light Philippines Inc. (Sepalco) for $5 million.

[Logistics] [Acquisition] International Container Terminal Services Inc. (ICTSI) acquires 35% ownership of Manila North Harbour Port Inc. (MNHPI) from Petron Corp. for P1.75 billion.

[Hospitality] [Sale] Prime Metroline Holdings Inc. sold P3.8 billion worth of Bloomberry Resorts Corp. shares to institutional investors.

[E-commerce] [Fundraising] Cocoon Capital invests $629,700 in seed funding in Poundit, a local e-commerce startup.

[Energy] [JV] FIlinvest Land Inc and Engie Group establish a 60-40 joint venture to establish Philippine DCS Development Corp., which focuses on district cooling systems.

[Finance] [Debt] Ayala Corp. is raising $400m through issuance of bonds, the first corporate fixed-for-life annual coupon in the Philippines and Southeast Asia.

[Healthcare] [Divestment] A Soriano Corp (Anscor) has effectively divested its entire ownership (93.55%) from Cirrus Medical Staffing Inc. (CMSI) for $36.85m.

[Finance] [Acquisition] Metropolitan Bank & Trust Company (Metrobank) is buying out the 40% stake held by ANZ Funds Pty Ltd for $287m to gain full ownership of Metrobank Card Corp. (MCC)

[Real Estate] [Acquisition] SBS Philippines Co. continues its diversification into property development through the acquisition of minority stake (4.25%) of Joune Holding Limited, a Hong Kong-based property holding firm, for $1.5m

[JV] [Aviation] Macroasia Corp and PTC Holdings Corp have established an aviation manpower development center through a 51-49 joint venture.

[Real Estate] [Fundraising] Hoppler, a Filipino real estate marketplace, has received funding from Frontier Digital Ventures, a Malaysia-based VC.

[Healthcare] [Acquisition] Metro Pacific Investments Corp (MPIC) has acquired majority stake (54%) of St. Elizabeth Hospital Inc (SEHI), a private hospital in General Santos City, for PHP 177.9m.

[Real Estate] [Fundraising] Revolution Precrafted, a developer of prefabricated designer homes, became the Philippines’ first unicorn after raising a Series B funding co-led by K2 VC.

[Finance] [Divestment] Makati Finance Corp. has divested its stake in Amalgamated Investment Bank to Investivo Holdings for PHP 200m.

[Industrial] [Divestment] Chemical Industries of the Philippines is selling its 66% stake in LMG Chemicals Corp, a chemical manufacturer and distributor, to local businessmen for PHP 405m.

[Finance] [Fundraising] Philippine National Bank has long term notes due in 2023 to raise PHP 6.35b.

[Consumer Goods] [Acquisition] Phoenix Petroleum Philippines Inc. is set to complete its full acquisition of Philippine Family Mart from Ayala, SSI, FamilyMart Co Ltd, and Itochu.