PCA Insights & news

Mr Tu
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Mr. Nguyen Quoc Tu, Chief Financial Officer, PCA Group

Regional news. PCA’s perspective.

PCA M&A Briefing

Southeast Asia: Industrial Acquisitions, Digital Investment and Market Risks

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In the latest briefing

7 news articles

MARKET DATA

Foreign investment figures point to growing acquisition activity

Vietnam Government News · November 4, 2026

Vietnam reported US$54.85 billion in registered foreign investment for the first ten months of 2026. This includes US$7.99 billion in capital contributions and share purchases , up 49.6% year on year , across 2,616 transactions.

PCA’s perspective

These figures support continued attention to acquisitions and strategic partnerships in Vietnam.

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COMPLETED ACQUISITION

Haier confirms its acquisition of Ferroli ASEAN

Haier · November 3, 2026

Haier Smart Home announced on 3 November that it had acquired 100% of Ferroli ASEAN , the Southeast Asian business of Italy's Ferroli group. The business has manufacturing, distribution and service operations in Vietnam, principally serving the electric water-heater market.

PCA’s perspective

The transaction illustrates how an established local business can provide an international buyer with manufacturing capacity, distribution access and recognised products.

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ACQUISITION

AAE acquires precision manufacturer Setsu

AAE · November 2, 2026

Dutch industrial group AAE announced its acquisition of Setsu Precision Technology on 2 November . Based in Malaysia's Klang Valley, Setsu supplies precision components to sectors including semiconductors, industrial automation and advanced machinery.

PCA’s perspective

For industrial buyers, an acquisition can accelerate access to technical skills, qualified production processes and local supply chains.

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FUTURE INVESTMENT

Google announces a US$15 billion investment programme

Google · November 4, 2026

Google announced on 4 November plans to invest US$15 billion in Malaysia during 2027-2028 . Its programme includes data-centre infrastructure, clean energy, water-related initiatives and workforce development.

PCA’s perspective

Large infrastructure programmes may create opportunities for construction businesses, engineering providers, energy suppliers and other service companies.

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PROPOSED ACQUISITION

Horizon Quantum proposes a US$27 million acquisition

Horizon Quantum, SEC Form 6-K · November 5, 2026

On 5 November , Horizon Quantum entered into a non-binding letter of intent to acquire Singapore-based Entropica Labs for an anticipated US$27 million , payable in Horizon Quantum Class A ordinary shares.

PCA’s perspective

A share-based offer requires sellers to assess both the business being sold and the securities they would receive.

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MARKET REFORM

Market reforms put ownership transparency in focus

Reuters · November 6, 2026

Reuters reported on 6 November that Indonesia was accelerating capital-market reforms following MSCI's concerns about ownership transparency and trading practices. Authorities cited progress on free float and disclosure of holdings above 1%, while acknowledging that further…

PCA’s perspective

Investors should give particular attention to beneficial ownership, related-party relationships and realistic exit options.

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AGREED EXIT

Unilever agrees to sell its joint-venture stake

Reuters via CNA · November 5, 2026

Unilever confirmed on 5 November that it had agreed to sell its shareholding in Unilever EAC Myanmar Company Limited to Centig Holding Company Limited , an affiliate of its local joint-venture partner.

PCA’s perspective

Exit planning requires as much attention as market entry.

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