Food & Beverage
Daily Briefing: GIC sounds caution as annualised real returns for 20 years hits 3.4%; ThaiBev buys Chinese coffee processing firm
Daily Briefing: GIC sounds caution as annualised real returns for 20 years hits 3.4%; ThaiBev buys Chinese coffee processing firm
And logistics SaaS platform GoComet bags $3m in series A funding.
ST Group clinches $9.6m from IPO
The firm’s post-placement market cap is at approximately $64m.
ST Group prices IPO at $0.26 apiece
Its proceeds will fund the expansion of its franchise network and establishment of a new central kitchen in Malaysia.
Here's why ThaiBev's turnaround may already be in the works
A rebound in beer consumption and retail sales bodes well for the second largest Thai beer player.
Fave acquisition intensifies mobile food ordering competition: Waitrr
Fave bought takeaway apps CutQ and FoodTime.
Wilmar to buy Chinese yeast and bakery business with UK's ABF
The firms will construct a new yeast plant in Qiqihar City.
Daily Briefing: Housing loans shrink for third straight month in April; Over 270 F&B outlets to phase out straws by July
And heavy demand met First Sponsor Group’s $147.6m rights issue.
F&N and Maxim's Caterers to acquire Starbucks Thailand
The deal is expected to be completed by the end of May.
honestbee to hit the brakes on food delivery services on 20 May
About 400 delivery partners will be affected.
Temasek joins Impossible Foods' US$300m Series E funding round
The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.
ThaiBev profit surges 40% to $570.3m in H1
Its food business saw the highest revenue increase to $163.3m in Q2.
BreadTalk Group's profits up 11.5% to $1.32m in Q1
Its restaurant division’s revenue rose 9.8% YoY to $40.5m.
Fraser & Neave profits jumped 81% to $73.82m in H1 2019
It was boosted by its Thai dairies business and Singapore soft drinks unit.
No Signboard CEO arrested over share buyback probe
Shares have been bought above the regulatory limit for buybacks.
Daily Briefing: Grab to inject GrabFood into ride-hailing app; UOB bags $242m loan for Japan buy
And MOM eyes broadening its Adapt and Grow initiative.
BreadTalk Group to buy stake in Thai plastic bottle manufacturer for $24.26m
The acquisition will provide access to Thailand and Mekong region markets.
ThaiBev arm forms two new joint venture firms
It will also acquire the operator for Genki Sushi’s franchised business in Thailand.
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