UPDATE2: Sumitomo Mitsui to take 10% stake in SBI Holdings for 79 bil. yen

Sumitomo Mitsui Monetary Group Inc. mentioned Thursday it can purchase a roughly 10 p.c stake in Japanese web monetary large SBI Holdings Inc. in a deal value 79.6 billion yen ($585 million) to strengthen its on-line brokerage service. By the capital alliance, the 2 monetary giants goal to broaden their buyer base by making use … Read more

Axiata completes 66% stake purchase in Hyperlink Internet for RM2.63 bil

KUALA LUMPUR (June 22): Axiata Group Bhd and PT XL Axiata Tbk (XL Axiata) has accomplished the acquisition of 66.03% of PT Hyperlink Internet Tbk (Hyperlink Internet) for 8.72 trillion Indonesian rupiah, or roughly RM2.63 billion. With the completion, Axiata’s wholly-owned subsidiaries, Axiata Investments (Indonesia) Sdn Bhd (AII) and XL Axiata now maintain 46.03% and … Read more