| South Korea’s Sae-A Trading Co., Ltd. has signed an agreement to acquire a 70% stake in WIN TEXTILE, an Indonesian textile manufacturing company, from Global Sae-A Co., Ltd., an affiliated company, for approximately USD 135 million. This transaction is expected to complete by November 15, 2024.
YY Group Holding, a Singaporean data and technology-driven provider of hotel and hospitality staffing and commercial cleaning services, has acquired a 54% stake in MEDIAPLUS VENTURE GROUP, a Singaporean web design company, for USD 1 million, valuing the company at nearly USD 2 million.
PT Trinitan Metals & Minerals Tbk, an Indonesian company engaged in the production and processing of metals and minerals using hydrometallurgy, sold the shares that its subsidiary, PT Hydrotech Metal Indonesia, owns in GOSTAL NICKEL INDONESIA, a nickel mining and processing company, which amounts to 80%. The shares were acquired by Trinitan Green Energy Metals Pte. Ltd., a Singapore-based subsidiary belonging to PT Trinitan Metals & Minerals Tbk, for USD 998 thousand. Gostal Nickel Indonesia is
Western Union, a financial services company, has entered into an agreement to acquire SINGTEL DASH, a mobile wallet platform offering financial services such as payments and remittances, from Singaporean telecommunications company Singtel.
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