Maxis

M&A Activity · Asia

Siam Cement and PTT Global Chemical agreed to combine their Thai olefins and polyolefins businesses, valued at 187 billion baht ($5.5 billion), to strengthen petrochemical operations during a prolonged downturn.

M&A Activity · Asia

Oatly is conducting a strategic review of its Greater China business, due to complete by end-2026, which could result in a sale of the China business.

M&A Activity · Asia

Mirae Asset Securities board approved acquisition of a 100% stake in Japanese brokerage Sanko Securities, to be bought via its U.S. affiliate Mirae Asset Securities Holdings, for about 47.6 billion won ($35.6 million), with about 100 billion won invested into the US affiliate to fund Japan business expansion.

M&A Activity · Asia

Hastings Technology Metals has finalised a US$15 million deal for its Thai rare earths plant, with first production slated for Q2 of next year.

M&A Activity · Asia

Debate over privatization of KAI, with Hanwha reportedly aiming to expand its stake. Eximbank (26.41% largest shareholder) is commissioning a 1.8 billion won consulting project (AT Kearney preferred bidder) examining ownership and aerospace industry strengthening.

M&A Activity · Asia

A. O. Smith is selling an 81% stake in its China unit to private equity firm CPE for roughly $400M.