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June 29, 2018updated 27 Jul 2018 6:54am

Deals this week: Cleeng, Aahaa Stores, Hung Hing Printing Group

Cleeng has secured €5m ($5.7m) through a Series B funding round led by Walvis in association with the current investor C4 Ventures.

Cleeng has secured €5m ($5.7m) through a Series B funding round led by Walvis in association with the current investor C4 Ventures.

Founded in 2011, Cleeng is a provider of video e-commerce solutions for broadcasters based in the Netherlands.

Drake Star Partners is the exclusive financial advisor to Cleeng for the transaction.

The firm intends to use the funds for product developments and market growth.

Aahaa Stores Private Limited has raised $2m through a funding round led by Calega Resources Limited.

Based in India, Aahaa Stores is an online business-to-business (B2B) store for office supplies.

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Candle Partners is the financial adviser to Calega Resources for the transaction.

The firm will upgrade its technology and geographical business expansion.

Hung Hing Printing Group Limited (Hung Hing) has signed a non-binding letter of intent with Dream International Limited (Dream) to form a joint venture (JV) to handle printing and packaging manufacturing in Hanoi, Vietnam.

To be set up with an initial capital of $10m, the JV will serve domestic and export markets.

“The transaction will enable Suning to integrate e-commerce and offline business in order to promote smart retail.”

Hung Hing will invest $9m, while Dream will contribute $1m to the capital.

Suning.com, through its wholly owned subsidiary, intends to partner with Evergrande Group to form a joint venture (JV) for the promotion of smart retail.

Suning Plaza Commercial Property Management Company will hold 49% of the JV through an investment of CNY9.8bn ($1.48bn), while Evergrande Group will invest CNY10.2bn ($1.5bn), representing a 51% stake in the JV.

The JV will be responsible for the development of Suning’s commercial plazas, which offer online and offline retail services.

The transaction will enable Suning to integrate e-commerce and offline business in order to promote smart retail.

Zur Rose Group AG has secured CHF85m ($85.3m) through a public offering of bonds.

Based in Switzerland, Zur Rose is an online pharmacy company engaged in the low-cost supply of medicines to medical practitioners.

The bonds have a five-year term and carry a coupon rate of 2.5% a year. UBS AG is the sole book-runner for the transaction.

Zur Rose Group firm intends to use the funds for general corporate purposes and acquisitions.