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JG Summit turns around with P5.1-B profit

JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, reported a turnaround with consolidated attributable net income surging to P5.1 billion last year from a net loss of P468 million in 2020. In a disclosure to the Philippine Stock Exchange, the firm said it remains on track to full

Funeral services provider Nirvana Asia said to be valued at $2b as CVC weighs exit

CVC Capital Partners is mulling options for its Malaysia-based portfolio company Nirvana Asia, per a Bloomberg report.

CVC Capital Partners acquires controlling stake in Affin Hwang AM

The deal marks CVC's sixth investment in Malaysia since 2007, bringing the firm's total capital invested to over $1 billion.

Universal Robina Corporation to acquire Malaysian biscuit company for MYR 1.93bn

Philippines' Universal Robina to purchase Munchy Food for RM1.925b to scale up business in Malaysia

KUALA LUMPUR (Nov 26): Philippines' Universal Robina Corp (URC) is acquiring Munchy Food Industries for RM1.925 billion (or approximately 22.9 billion Php) on a cash-free and debt-free basis, to scale up its existing business in Malaysia and further increase its presence across the ASEAN region, while also improving overall profitability. URC via its subsidiary URC Snack Foods (Malaysia) Sdn Bhd (URC MY) entered into an agreement on Thursday (Nov 25) to acquire 100% equity interest in Crunchy Foods Sdn Bhd (CFSB) which fully owns Munchy Food Industries Sdn Bhd (MFI) and its subsidiary Munchworld Marketing Sdn Bhd (MWM) from private equity firm Crunchy Ltd.