Cedar Strategic to acquire 49% stake in Golden City Yangon property for USD 35 mil

  SINGAPORE (Oct 17): Cedar Strategic is acquiring a 49% effective stake in mixed use luxury development Golden City in Yangon for US$24.9 million ($34.6 million).   Cedar says the acquisition of the 335,284 sqm Golden City project is in line with its growth strategy of developing and investing in properties within emerging markets. The […]

Colgate Buys Myanmar Toothpaste Brand

U.S. Consumer Goods Company Buys Laser Brand Toothpaste for Around $100 Million Colgate-Palmolive Co. has acquired a local toothpaste maker in Myanmar, in one of the biggest acquisitions by a foreign company in the Southeast Asia nation. The U.S. consumer-goods company bought Laser Brand Toothpaste for roughly $100 million, a person with knowledge of the […]

Siam Cement Using Cash Pile to Grow in Indonesia & Myanmar

Siam Cement, Asia’s biggest cement producer by market value, plans to buy as many as five companies in Southeast Asia as rising incomes boost demand for homes and governments increase spending on infrastructure. Bangkok-based Siam Cement is in talks with companies including a building-materials producer in Vietnam, President Kan Trakulhoon said, without naming them. The […]