26
80 7.0 Appendix Table: Value of cross border merger and acquisition completed deals for the year 2000-2006 (USD Million) Country Name 2000 2001 2002 2003 2004 2005 2006 Total Indonesia 354 1,633 3,287 2,030 1,834 7,036 2,278 18,452 Malaysia 695 1,889 3,514 4,444 3,547 6,598 9,146 29,833 Philippines 23 2,433 148 553 3,288 1,006 1,607 9,058 Thailand 289 1,521 407 720 1,595 2,196 5,789 12,517 Total 1,361 7,476 7,356 7,747 10,264 16,836 18,820 69,860 Source: Bloomberg data base. Table: Summary of cross border mergers and acquisitions activities in Indonesia, Malaysia, Philippines and Thailand (2000- 2006) Descriptions Values/ Number of deals Total CBMA deals 2,225 deals Volume 90.9 billion Average disclosed deal size 55.97 Million Average premium 40.27 % Source: Bloomberg data base.

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80

7.0 Appendix

Table: Value of cross border merger and acquisition completed deals for

the year 2000-2006 (USD Million)

Country

Name

2000 2001 2002 2003 2004 2005 2006 Total

Indonesia 354 1,633 3,287 2,030 1,834 7,036 2,278 18,452

Malaysia 695 1,889 3,514 4,444 3,547 6,598 9,146 29,833

Philippines 23 2,433 148 553 3,288 1,006 1,607 9,058

Thailand 289 1,521 407 720 1,595 2,196 5,789 12,517

Total 1,361 7,476 7,356 7,747 10,264 16,836 18,820 69,860

Source: Bloomberg data base.

Table: Summary of cross border mergers and acquisitions activities in

Indonesia, Malaysia, Philippines and Thailand (2000- 2006)

Descriptions Values/ Number of deals

Total CBMA deals 2,225 deals

Volume 90.9 billion

Average disclosed deal size 55.97 Million

Average premium 40.27 %

Source: Bloomberg data base.

81

Table: Cross - border mergers and acquisitions top acquirer and target

industries for the four counties from 2000-2006

Name of Industries Value ( USD

Billion)

Name of Industries Value ( USD

Billion)

Private Equity 6.34 Electric integrated 7.47

Telecom Services 5.68 Telecom Services 7.38

Import and Export 5.49 Tobacco 5.14

Tobacco 5.14 Oil Company- explore

and production

5.03

Electric integrated 4.37 Commercial bank Non -

US

4.67

Source: Bloomberg

Table: Most cross - border mergers and acquisitions acquiring and

targeting country from the four counties from 2000-2006

Name of acquiring

country

Value ( USD

Billion)

Name of targeting

country

Value ( USD

Billion)

Malaysia 24.18 Indonesia 24.27

Singapore 14.41 Thailand 13.95

Japan 11.53 Malaysia 13.45

United States 11.13 Philippines 11.41

Philippines 6.55 Australia 7.93

Source: Bloomberg

82

Table: Global Competitiveness index 2008-2009

Country Rank 2008/09 Value 2008/09 Rank 2007/08

Indonesia 55 4.25 21

Malaysia 21 5.04 54

Philippines 71 4.09 71

Thailand 34 4.60 28

Source: World Economic Forum

Table: GDP per capita (PPP) as at December 2010 (US- Dollar)

Country 2006 2007 2008 2009 2010

Indonesia 3,500 3,700 3,900 4,100 4,300

Malaysia 14,200 14,800 14,500 14,000 14,700

Philippines 3,100 3,300 3,400 3,400 3,500

Thailand 7,900 8,200 8,300 8,100 8,700

Source: CIA World fact book 2011

Table: GDP Purchasing power parity per US billion dollar

Country 2006 2007 2008 2009 2010

Indonesia (IDR) 811.1 863.1 932.6 974.6 1,033

Malaysia 346.0 367.8 395.5 388.8 416.4

Philippines 285.9 306.5 325.6 329.2 351.2

Thailand 508.8 533.7 551.5 539.3 580.3

Source: CIA World fact book 2011

83

Table: Cross border merger and acquisition completed deals for the

year 2007 – 2010

Name of countries 2007 2008 2009 2010 Total

Indonesia 80 68 67 51 266

Malaysia 301 303 197 127 928

Philippines 56 54 44 31 185

Thailand 108 76 82 58 324

Total 545 501 390 267 1703

Source: Bloomberg data base.

Table: Average CBMA completed deals trends in percentage from 2007-

2010 for the four countries

Years Number of deals Percentages

2007 545 32

2008 501 29

2009 390 23

2010 267 16

TOTAL 1,703 100

Source: Bloomberg data base.

84

Table: Cross border merger and acquisition completed deals top acquire

countries 2007- 2010

Name of Countries Number of Deals Percentage (%)

Malaysia 550 32.64

Singapore 213 12.64

Japan 112 6.65

United States 91 5.40

Philippines 87 5.16

Indonesia 84 4.99

Middle east and others 82 4.87

Australia 70 4.15

Europe 68 4.04

British 62 3.68

Hong Kong 57 3.38

India 29 1.72

South Korea 25 1.48

Canada 16 0.95

TOTAL 1685 100.00

Source: Bloomberg data base

85

Table: Termination trends of cross border merger and acquisition in

Indonesia, Malaysia, Philippines and Thailand from 2000 to 2010

Year Number of terminated deals Percentages

2000 11 10

2001 25 23

2002 8 7

2003 13 12

2004 18 17

2005 12 11

2006 22 20

Total 109 100

Source: Bloomberg data base

Figure Percentages CBMA Trend in Indonesia, Malaysia, Philippines and

Thailand from 2007-2010.

CBMA Trends 2007- 2010

0

5

10

15

20

25

30

35

2007 2008 2009 2010

Years

% South East Asia

Note: the trend is for four countries; (Indonesia, Malaysia, Philippines and

Thailand) in Southeast Asia.

86

Table: Financial advisers for acquired firms in Indonesia, Malaysia,

Philippines and Thailand from 2007-2010

S/N Adviser Name

Number of deals

Value of deals USD Million

1 CIMB 48 15,101.06

2 Goldman Sachs 7 7,420.57

3 JP Morgan 16 6,967.48

4 Deutsche Bank 10 6,747.29

5 Credit Suisse 15 5,425.00

6 Citigroup 8 5,137.81

7 Morgan Stanley 7 3,424.73

8 ABN Amro 3 3,082.32

9 Maybank investment bank 8 2,547.26

10 BNP Paribas 7 2,537.26

Source: Bloomberg

87

Figure: Cross border mergers and acquisitions deals value trend 2007-

2010

Cross Border Merger and acquisition Value of Deals 2007 - 2010

( USD Mil)

-

2,000.00

4,000.00

6,000.00

8,000.00

10,000.00

12,000.00

14,000.00

16,000.00

18,000.00

20,000.00

2007 2008 2009 2010

Years

Va

lue

of

De

als

Indonesia

Malayasia

Thailand

Philippines

1

TERMINATED CROSS-BORDER MERGERS AND ACQUISITIONS DEALS IN INDONESIA, MALAYSIA, PHILIPPINES AND THAILAND DURING THE PERIOD 2007-201

S/N Deal Type Announce

Date Target Name Acquirer Name Seller Name

Announced Total Value

(mil.) Payment

Type Deal

Status

Target Country Full

Name

Acquirer Country Full

Name

Seller Country

Full Name

1 DIV 8/1/2007 Berjaya Hotels & Resort Mauritius Ltd

Rocky Real Estate LLC

Berjaya Land Bhd 33 Cash Terminated MAURITIUS UAE

MALAY-SIA

2 DIV 8/1/2007 Berjaya Mahe Beach Cayman Ltd

Rocky Real Estate LLC

Berjaya Land Bhd 5.5 Cash Terminated

CAYMAN ISLANDS UAE

MALAY-SIA

3 DIV 15/1/2007 Inderapura Coal Project Grange Resources Ltd

Coziron Resources Ltd N/A Cash Terminated AUSTRALIA

AUSTRA-LIA

4 ACQ 26/1/2007 Trimegah Securities Tbk PT

Oversea-Chinese Banking Corp Ltd 18.92 Cash Terminated INDONESIA SINGAPORE

5 ACQ 26/1/2007 Trimegah Securities Tbk PT

Oversea-Chinese Banking Corp Ltd 13.79 Cash Terminated INDONESIA SINGAPORE

6 ACQ 14/2/2007 Huizhou Shun Rong Quarries Ltd

Minetech Resources Bhd N/A Cash Terminated CHINA MALAYSIA

7 DIV 21/2/2007 Multiple Targets I Kare Pte Ltd Annica Holdings Ltd 3.29 Cash Terminated SINGAPORE

SINGA-PORE

8 ACQ 20/4/2007 Taspack Industrial Sdn Bhd Starlite Holdings Ltd 2.76 Cash Terminated MALAYSIA HONG KONG

9 ACQ 24/4/2007 SSC Solutions Co Ltd Media Shoppe Bhd/The 0.58 Cash Terminated THAILAND MALAYSIA

10 DIV 21/6/2007 Nusantara Thermal Coal PT

Coal FE Resources Ltd

Bungo Raya Nusantara PT 44.67

Cash and Stock Terminated INDONESIA AUSTRALIA

INDONE-SIA

11 JV 21/6/2007 Dubai Investment Group LLC PECD Bhd N/A Cash Terminated UAE MALAYSIA

12 DIV 25/6/2007 Sarinitokyu Hotel International PT UOL Group Ltd Sojitz Corp 0.61 Cash Terminated INDONESIA SINGAPORE JAPAN

2

13 ACQ 27/6/2007 Bank Swadesi Tbk PT Bank of India 7.82 Cash Terminated INDONESIA INDIA

14 ACQ 27/6/2007 Cubic Electronics Sdn Bhd Juken Technology Ltd 57.13 Stock Terminated MALAYSIA SINGAPORE

15 DIV 11/7/2007 Lots 8 & 9/Technology Park

Mapletree Investments Pte Ltd Iris Corp Bhd 26.51 Cash Terminated SINGAPORE

MALAY-SIA

16 ACQ 7/8/2007 CKL Electronics Co Ltd KFE Japan Co Ltd 1.95 Cash Terminated THAILAND JAPAN

17 ACQ 22/8/2007 40000 Acres Concession In Malaysia Sevier Pacific Ltd N/A Cash Terminated

BRITISH VIRGIN

18 ACQ 23/8/2007 Panthroli Foods Pvt Ltd Saag Consolidated M Bhd 12 Cash Terminated INDIA MALAYSIA

19 DIV 24/8/2007 Valtron Technology Pte Ltd Paxelent Corp BHD Goldtron Ltd 8.34

Stock & Debt Terminated SINGAPORE MALAYSIA

SINGA-PORE

20 JV 11/9/2007 Southern Bank Vietnam RCE Capital Bhd N/A Undisclosed Terminated VIETNAM MALAYSIA

21 ACQ 18/9/2007 Beyond International Ltd Navis Capital Partners Ltd 60.39 Cash Terminated AUSTRALIA MALAYSIA

22 DIV 24/9/2007

Bristol Mixed Hotel-Tourism and Trade Co Ltd Tradewinds Corp Bhd

Cantonal Agency for Privatisation Sarajevo 4.68 Cash Terminated

BOSNIA-HERZE. MALAYSIA

BOSNIA-HERZE.

23 ACQ 3/10/2007 Goldline Capital Ltd Annica Holdings Ltd 2.7 Cash Terminated INDONESIA SINGAPORE

24 JV 9/10/2007 Private Investor Century Logistics Holdings Bhd N/A Undisclosed Terminated MALAYSIA

25 DIV 17/10/2007 Mandiodo laterite nickel project

Stonehenge Metals Ltd

Global Titik Persada PT 4.7 Stock Terminated AUSTRALIA

INDONE-SIA

26 ACQ 18/10/2007 Putrajaya Perdana Bhd Swan Symphony Sdn Bhd N/A Cash Terminated MALAYSIA

27 DIV 26/10/2007 Central Cables Bhd Rotol Singapore Ltd

Emerging Triangle Sdb Bhd 6.13 Cash Terminated MALAYSIA SINGAPORE

MALAY-SIA

28 ACQ 29/10/2007 Hitone Digital Interactive Technology Co Ltd TechnoDex Bhd 1.34 Cash Terminated CHINA MALAYSIA

29 JV 19/11/2007 HwangDBS Malaysia Prudential PLC N/A Cash Terminated MALAYSIA BRITAIN

3

BHD

30 DIV 22/11/2007 PJI Engineering Vietnam Ltd Private Investor

PJI Holdings BHD 0.2 Cash Terminated VIETNAM

MALAY-SIA

31 DIV 27/11/2007 Land & Building Prompt Symphony Sdn Bhd

Mah Sing Group BHD 90.47 Cash Terminated

MALAY-SIA

32 DIV 5/12/2007 General Farms Corp Rhino Two Horns Malaysia Sdn Bhd

EastBridge Investment Group Corp N/A Stock Terminated

UNITED STATES MALAYSIA

UNITED STATES

33 ACQ 6/12/2007 Virgo Pulse Sdn Bhd Think Environmental Co Ltd/The 8.5

Cash and Stock Terminated MALAYSIA CHINA

34 ACQ 6/12/2007 Virgo Pulse Sdn Bhd Think Environmental Co Ltd/The 3.34

Cash and Stock Terminated MALAYSIA CHINA

35 JV 19/12/2007 Malaysian Airline System BHD Qantas Airways Ltd N/A Undisclosed Terminated MALAYSIA AUSTRALIA

36 JV 19/12/2007 Ackermans & van Haaren NV Salee Industry PCL N/A Cash Terminated BELGIUM THAILAND

37 DIV 9/1/2008 Ellimetal NV KNM Group Bhd Ellimetal International NV 29.32 Cash Terminated BELGIUM MALAYSIA BELGIUM

38 DIV 10/1/2008 3 pulp mills Sinar Mas Group Pope & Talbot Inc 125 Cash Terminated INDONESIA

UNITED STATES

39 DIV 15/1/2008 Setegap Jaya Sdn Bhd Adroit Innovations Ltd Raycom Sdn Bhd 3 Cash Terminated MALAYSIA SINGAPORE

MALAY-SIA

40 ACQ 29/1/2008 Herald Resources Ltd Tango Mining Pte Ltd 420.79 Cash Terminated AUSTRALIA

41 ACQ 30/1/2008 Galaksi Publishindo PT Nextnation Communication Bhd 0.01 Cash Terminated INDONESIA MALAYSIA

42 DIV 12/2/2008 Fort St James Sawmill Sinar Mas Group Pope & Talbot Inc 6 Cash Terminated INDONESIA

UNITED STATES

43 DIV 15/2/2008 Multiple Targets Wai Chun Mining Industry Group Co Ltd

United Mining & Minerals Co Ltd 92.5

Cash and Stock Terminated HONG KONG

HONG KONG

4

44 DIV 27/2/2008 Multiple Targets Goldis BHD Multiple sellers 1.11 Cash Terminated MALAYSIA

45 DIV 28/2/2008 Elnusa Tristar Ramba Ltd Ramba Energy Ltd

Tristar Global Holdings Corp 150

Cash and Stock Terminated INDONESIA SINGAPORE

INDONE-SIA

46 DIV 6/3/2008 Lambang Pertama Sdn Bhd Datestone Group LLC

Idaman Unggul Bhd 216.87 Cash Terminated MALAYSIA

UNITED STATES

MALAY-SIA

47 DIV 14/3/2008 MT BRITOIL 62 Perisai Petroleum Teknologi Bhd

Britoil Offshore Services Pte Ltd 11.5 Cash Terminated MALAYSIA

SINGA-PORE

48 ACQ 15/4/2008 Sunshine Oil Technology Co Ltd Dialog Group BHD 6.44 Cash Terminated CHINA MALAYSIA

49 DIV 28/4/2008 Multiple Targets Tasek Corp Bhd Hong Leong Asia Ltd 266.93 Stock Terminated MALAYSIA

SINGA-PORE

50 ACQ 7/5/2008 Daguma & Bonanza coal deposits/Mindanao Nyota Minerals Ltd N/A Cash Terminated AUSTRALIA

51 ACQ 10/5/2008 Laju Perdana Indah PT Indofood Agri Resources Ltd 21.92 Cash Terminated INDONESIA SINGAPORE

52 ACQ 3/6/2008 Ramu Agri-Industries Ltd MBF Holdings BHD 57.81 Cash Terminated

PAPUA N.GUINEA MALAYSIA

53 DIV 16/6/2008 Shiraz Perisai Petroleum Teknologi Bhd

FPSO Shiraz Pty Ltd N/A Cash Terminated MALAYSIA

AUSTRA-LIA

54 ACQ 20/6/2008 Indophil Resources NL Multiple acquirers 364.98 Cash and Stock Terminated AUSTRALIA

55 DIV 2/7/2008 Onenet Co Ltd August Asia Holding Pte Ltd

Country Group Development PCL 0.06 Cash Terminated THAILAND SINGAPORE THAILAND

56 ACQ 3/7/2008 TriStar Global Services Inc FM Holdings Ltd 117.4 Cash Terminated INDONESIA HONG KONG

57 JV 5/7/2008 Karambunai Corp Bhd Landlovers Korea Co Ltd N/A Undisclosed Terminated MALAYSIA

SOUTH KOREA

58 DIV 9/7/2008 Siam Power Generation Co Ltd

Melewar Industrial Group Bhd E Power Pte Ltd 11.3 Cash Terminated THAILAND MALAYSIA

SINGA-PORE

59 ACQ 14/7/2008 CEL Logistics Sdn Bhd Chasen Holdings Ltd N/A Stock Terminated MALAYSIA SINGAPORE

5

60 JV 22/7/2008 Allgreen Properties Ltd Kerry Properties Ltd N/A Undisclosed Terminated SINGAPORE HONG KONG

61 DIV 23/7/2008 4 manganese exploration permits Liberty Resources Ltd

Manggarai Manganese PT 0.1 Cash Terminated AUSTRALIA

INDONE-SIA

62 DIV 25/7/2008 Chase Perdana Bhd Sim Siang Choon Ltd Empire Holdings Ltd N/A

Cash and Stock Terminated MALAYSIA SINGAPORE

MALAY-SIA

63 DIV 29/7/2008 Bekasi Asri Pemula Tbk PT

Penton International Ltd

Adicipta Griya Sejati Pt 30.11

Cash and Stock Terminated INDONESIA SINGAPORE

INDONE-SIA

64 DIV 29/7/2008 Bekasi Asri Pemula Tbk PT

Penton International Ltd

Papua Timber Jaya Pt 9.54 Stock Terminated INDONESIA SINGAPORE

INDONESIA

65 DIV 15/8/2008 Tiomin Kenya Ltd Jinchuan Group Ltd Vaaldiam Mining Inc 25 Cash Terminated KENYA CHINA CANADA

66 DIV 19/8/2008 Dominion Park Sdn Bhd Paragon Union BHD Multiple sellers 18 Cash Terminated MALAYSIA MALAYSIA

67 DIV 29/8/2008 Inverfin Sdn Bhd IOI Corp Bhd Multiple sellers 121 Cash Terminated MALAYSIA MALAYSIA

68 DIV 29/8/2008 Inverfin Sdn Bhd IOI Corp Bhd CapitaLand Ltd 51.85 Cash Terminated MALAYSIA MALAYSIA SINGAPORE

69 ACQ 9/9/2008 Vista Laser Eye Center Sdn Bhd FYI Resources Ltd N/A Cash Terminated MALAYSIA AUSTRALIA

70 DIV 11/9/2008 Tampakan Copper-Gold Project

Alsons Corp/Philippines

Indophil Resources NL N/A Cash Terminated PHILIPPINES

AUSTRA-LIA

71 ACQ 19/9/2008 Rotol Singapore Ltd Mulpha International Bhd N/A Cash Terminated SINGAPORE MALAYSIA

72 JV 24/10/2008 Yuantongs Investment Co Ltd Safari World PCL N/A Undisclosed Terminated CHINA THAILAND

73 JV 28/10/2008 Aneka Tambang Tbk PT BHP Billiton Ltd N/A Undisclosed Terminated INDONESIA AUSTRALIA

74 DIV 31/10/2008 Choi Biofuel Indonesia PT Hae In Corp Multiple sellers 3.71 Cash Terminated INDONESIA

SOUTH KOREA

75 DIV 5/11/2008 Bloxwich Industries Pty Ltd

Crescendo Group Pty Ltd

Mega First Corp BHD 1.03 Cash Terminated

SOUTH AFRICA

SOUTH AFRICA

MALAY-SIA

76 DIV 26/11/2008 Karridale Ltd Genting Malaysia BHD KH Digital Ltd 27 Cash Terminated

UNITED STATES MALAYSIA

UNITED STATES

6

77 DIV 11/12/2008 M&J Technologies Co Ltd

Fujilink Technology Co Ltd

MAP Technology Holdings Ltd 32 Cash Terminated THAILAND SINGAPORE

SINGA-PORE

78 DIV 22/12/2008 Oil Exploration Project BHP Billiton Ltd Otto Energy Ltd N/A Cash Terminated AUSTRALIA AUSTRA-LIA

79 DIV 31/12/2008 KS Oilfield Support Ltd Permodalan Nusa Tiga Sdn Bhd

KS Energy Services Ltd 0.04 Cash Terminated HONG KONG MALAYSIA

SINGAPORE

80 ACQ 14/1/2009 Unnamed Target Pilbara Minerals Ltd 0.01 Cash Terminated AUSTRALIA

81 JV 22/1/2009 KAL Energy Inc Indo Mines Ltd N/A Undisclosed Terminated CANADA AUSTRALIA

82 DIV 19/3/2009 JSX Energy Thailand Ltd

Sparrow Ventures Corp

JSX Energy Holdings BVI Ltd 2.91 Stock Terminated THAILAND CANADA THAILAND

83 DIV 6/5/2009 LDV Ltd Weststar Group GAZ Auto Plant N/A Undisclosed Terminated BRITAIN MALAYSIA RUSSIA

84 DIV 14/7/2009 Bumi Makmur Sejatera Jaya PT

Kuala Lumpur Kepong Bhd Multiple sellers 0.65 Cash Terminated INDONESIA MALAYSIA

85 ACQ 20/7/2009 Harpindo Mitra Kharisma PT

Sino Union Energy Investment Group Ltd 4 Cash Terminated INDONESIA HONG KONG

86 JV 30/7/2009 KNM Group Bhd National Oil Corp of Chad/The N/A Cash Terminated MALAYSIA CHAD

87 ACQ 20/8/2009 Kumpulan Jetson BHD Multiple acquirers 21.14 Cash Terminated MALAYSIA

88 ACQ 2/9/2009 Itamaraya Tbk PT Tata Power Co Ltd 0.17 Cash Terminated INDONESIA INDIA

89 DIV 14/9/2009 Multiple Targets Multiple acquirers BP PLC N/A Undisclosed Terminated BRITAIN

90 ACQ 5/10/2009 Camillo Eitzen & Co ASA

Berlian Laju Tanker Tbk PT 229.5 Debt Terminated NORWAY INDONESIA

91 JV 16/11/2009 Guofa Holding Co Ltd Pulai Springs BHD N/A Undisclosed Terminated CHINA MALAYSIA

92 DIV 17/11/2009 Eco Water Technologies M Sdn Bhd

Synergy Heights Sdn Bhd EMS Energy Ltd N/A Cash Terminated MALAYSIA MALAYSIA

SINGA-PORE

93 ACQ 22/12/2009 Centrin Online Tbk PT Teledata Singapore Ltd 8.02

Cash and Debt Terminated INDONESIA SINGAPORE

94 DIV 21/1/2010 Jurong Cement Ltd YTL Cement Bhd Holcim Ltd 44.12 Cash Terminated SINGAPORE MALAYSIA SWITZERLAND

7

95 ACQ 4/2/2010 KNM Group Bhd Multiple acquirers 1273.46 Cash Terminated MALAYSIA

96 DIV 1/3/2010 Topfull Indonesia PT Sun International Group Ltd

Topfull Group Ltd 27.04

Cash and Debt Terminated INDONESIA HONG KONG

VIRGIN ISLANDS

97 DIV 31/3/2010 Berau Coal Energy Tbk PT

Delta Dunia Makmur Tbk PT

Recapital Investment Group N/A Stock Terminated INDONESIA INDONESIA INDIA

98 DIV 5/4/2010 iOne Resources Inc Teledata Singapore Ltd Ayala Corp 3.6 Cash Terminated PHILIPPINES SINGAPORE

PHILIPPI-NES

99 ACQ 19/7/2010 Ross Human Directions Ltd/Australia

Navis Capital Partners Ltd 54.4 Cash Terminated AUSTRALIA MALAYSIA

100 DIV 2/8/2010 Unnamed Target Chevalier Pacific Holdings Ltd

Erbusco Investments Ltd 83.46

Cash and Stock Terminated HONG KONG

HONG KONG

101 ACQ 25/11/2010 QSR Brands Bhd Carlyle Group/The 680.51 Cash Terminated MALAYSIA UNITED STATES

8

TOP 200 COMPLETED CROSS BORDERS MEGERS AND ACQUISITION DEALS IN IDONESIA, MALAYSIA, PHILIPPINES AND THAILAND FROM 2007 T0 2010

S/n Deal Type Announce Date Target Name Acquirer Name Seller Name

Announced Total Value (mil.)

Payment Type Deal Status

Target Country Full Name

Acquirer Country Full Name

Seller Country Full Name

1 ACQ 11/2/2010 Carabobo-1 Project Multiple acquirers 4,848.00 Cash Complete VENEZUELA

2 DIV 12/12/2008 National Transmission Co Multiple acquirers

Power Sector Assets & Liabilities Management Corp 3,950.00 Cash Complete PHILIPPINES

PHILI-PPINES

3 DIV 17/4/2009 Mangistaumunaigas Mangistau Investments BV

Central Asia Petroleum Ltd 3,300.00 Cash Complete KAZAKHSTAN

INDO-NESIA

4 ACQ 26/6/2007 Multiple Targets Saudi Telecom Co 3,050.00 Cash Complete SAUDI ARABIA

5 ACQ 10/7/2007

20 Year License to Operate Sabiha Gokcen Airport Multiple acquirers 2,648.97 Cash Complete

6 DIV 8/11/2007 National Foods Ltd/Australia

Kirin Holdings Co Ltd San Miguel Corp 2,588.88 Undisclosed Complete AUSTRALIA JAPAN

PHILI-PPINES

7 DIV 2/12/2008 PowerSeraya Ltd YTL Power International Bhd

Temasek Holdings Pte Ltd 2,481.71 Cash Complete SINGAPORE MALAYSIA

SINGA-PORE

8 ACQ 27/5/2010 Parkway Holdings Ltd Khazanah Nasional Bhd 2,025.96 Cash Complete SINGAPORE MALAYSIA

9 DIV 29/5/2008 Gladstone LNG Petroliam Nasional Bhd Santos Ltd 2,008.00 Cash Complete MALAYSIA

AUSTRA-LIA

10 DIV 22/11/2007 Energy Development Corp

Red Vulcan Holdings Corp

Philippine National Oil Co 1,993.04 Cash Complete PHILIPPINES

PHILI-PPINES

11 ACQ 5/7/2010 Centennial Coal Co Ltd Banpu PCL 1,851.96 Cash Complete AUSTRALIA THAILAND

12 DIV 7/6/2008 Indosat Tbk PT Qatar Telecom Qtel Q.S.C.

Singapore Telecommunications Ltd 1,760.82 Undisclosed Complete INDONESIA QATAR

SINGA-PORE

13 DIV 14/1/2010 Tower portfolio GTL Infrastructure Ltd

Binariang GSM Sdn Bhd 1,756.62 Cash Complete INDIA

MALAY-SIA

14 ACQ 25/6/2008 Idea Cellular Ltd Axiata Group Bhd 1,706.91 Cash Complete INDIA MALAYSIA

15 DIV 16/11/2010 Berau Coal Energy Tbk PT Vallar PLC

Recapital Advisors PT 1,514.09

Cash and Stock Complete INDONESIA BRITAIN

INDON-ESIA

16 DIV 8/12/2008 Petron Corp San Miguel Corp Ashmore Group PLC 1,489.38 Cash Complete PHILIPPINES PHILIPPINES BRITAIN

9

17 DIV 20/9/2007 Petronas Lubricants Italy SpA

Petroliam Nasional Bhd KKR & Co LP 1,407.70 Undisclosed Complete ITALY MALAYSIA

UNITED STATES

18 DIV 20/2/2009 San Miguel Brewery Inc

Kirin Holdings Co Ltd San Miguel Corp 1,366.23 Cash Complete PHILIPPINES JAPAN

PHILI-PPINES

19 DIV 16/11/2010 Bumi Resources Tbk PT Vallar PLC Bakrie Group 1,333.84 Stock Complete INDONESIA BRITAIN

20 DIV 31/3/2007 Multiple Targets Tata Power Co Ltd Bumi Resources Tbk PT 1,300.00 Cash Complete INDIA

INDO-NESIA

21 DIV 3/3/2008 RHB Capital Bhd

Abu Dhabi Commercial Bank PJSC

Kumpulan Wang Simpanan Pekerja 1,219.25 Cash Complete MALAYSIA UAE

MALAY-SIA

22 DIV 15/11/2010 Thailand operations Big C Supercenter PCL Carrefour SA 1,187.29 Cash Complete THAILAND FRANCE

23 DIV 16/7/2010 Titan Chemicals Corp

Honam Petrochemical Corp Multiple sellers 1,105.26 Cash Complete MALAYSIA

SOUTH KOREA

24 ACQ 3/7/2008 Indosat Tbk PT Qatar Telecom Qtel Q.S.C. 1,054.66 Cash Complete INDONESIA QATAR

25 DIV 26/3/2008 Sorak Financial Holdings Pte Ltd

Malayan Banking Bhd

Temasek Holdings Pte Ltd 1,001.16 Cash Complete SINGAPORE MALAYSIA

SINGA-PORE

26 ACQ 21/3/2008 An Binh CJSB Malayan Banking Bhd 999.37 Cash Complete VIETNAM MALAYSIA

27 ACQ 12/6/2008 Petron Corp Ashmore Group PLC 995.78 Cash Complete PHILIPPINES BRITAIN

28 DIV 20/11/2007 Magnum Corp BHD Magnum Holdings Sdn Bhd

Multi-Purpose Holdings BHD 992.27 Cash Complete MALAYSIA

MALAY-SIA

29 DIV 9/3/2010 Overseas Union Enterprise Ltd Lippo Ltd Usaha Tegas Sdn 952.82 Cash Complete SINGAPORE

HONG KONG

MALAY-SIA

30 ACQ 16/4/2008

660 MW Masinloc coal-fired thermal power plant AES Corp/The 930.00 Cash Complete

UNITED STATES

31 DIV 28/7/2010 MW Brands Holdings SAS

Thai Union Frozen Products PCL

Trilantic Capital Partners 883.86 Undisclosed Complete FRANCE THAILAND

UNITED STATES

32 DIV 15/10/2007 Chembulk Tankers LLC

Berlian Laju Tanker Tbk PT

Chembulk Holdings Inc 850.00 Cash Complete

MARSHALL ISLAND INDONESIA

UNITED STATES

33 DIV 20/2/2009 San Miguel Corp Q-Tech Alliance Holdings Inc

Kirin Holdings Co Ltd 822.21 Cash Complete PHILIPPINES PHILIPPINES JAPAN

34 DIV 26/7/2010 Parkway Holdings Ltd Khazanah Nasional Bhd

Fortis Healthcare Ltd 820.90 Cash Complete SINGAPORE MALAYSIA INDIA

35 DIV 25/1/2010 Matahari Department Store Tbk PT

CVC Capital Partners Ltd

Matahari Putra Prima Tbk PT 773.53 Cash Complete INDONESIA BRITAIN

INDO-NESIA

36 ACQ 25/6/2008 Spice Communications Ltd Multiple acquirers 719.80 Stock Complete INDIA

10

37 ACQ 26/3/2008 Bank Internasional Indonesia Tbk PT

Malayan Banking Bhd 700.00 Cash Complete INDONESIA MALAYSIA

38 DIV 5/5/2008 MCB Bank Ltd Malayan Banking Bhd Multiple sellers 672.85 Cash Complete PAKISTAN MALAYSIA

39 DIV 30/7/2009 OPTIMAL Group of Cos

Petroliam Nasional Bhd

Dow Chemical Co/The 660.00 Undisclosed Complete MALAYSIA

UNITED STATES

40 DIV 17/6/2009 Bentoel Internasional Investama Tbk PT

British American Tobacco PLC Multiple sellers 644.14 Cash Complete INDONESIA BRITAIN

41 DIV 2/6/2008 Bank Lippo Tbk PT CIMB Group Holdings Bhd

Khazanah Nasional Bhd 617.11 Stock Complete INDONESIA MALAYSIA

MALAY-SIA

42 DIV 20/10/2008 Bank Ekonomi Raharja Tbk PT

HSBC Holdings PLC Multiple sellers 592.92 Cash Complete INDONESIA BRITAIN

43 DIV 14/3/2008 Petron Corp Ashmore Group PLC

Saudi Arabian Oil Co 550.00 Cash Complete PHILIPPINES BRITAIN

SAUDI ARABIA

44 ACQ 11/11/2010 International Coal Holdings Ltd PTT PCL 542.30 Cash Complete AUSTRALIA THAILAND

45 DIV 3/3/2008 Borsig GmbH KNM Group Bhd Capiton AG 531.47 Cash Complete GERMANY MALAYSIA GERMA-NY

46 DIV 28/5/2007 Globebleq Ltd Tanjong PLC CDC Group PLC 528.00 Cash Complete BERMUDA MALAYSIA BRITAIN

47 ACQ 6/12/2008 Petron Corp Ashmore Group PLC 523.49 Cash Complete PHILIPPINES BRITAIN

48 DIV 8/12/2010 Fubon Financial Holding Co Ltd

Bank of the Philippine Islands ING Groep NV 522.35 Cash Complete TAIWAN PHILIPPINES

NETHER-LANDS

49 ACQ 14/11/2007 Star Energy Group PLC

Petroliam Nasional Bhd 521.55 Cash Complete BRITAIN MALAYSIA

50 DIV 14/2/2007

Philippine Telecommunications Investment Corp

First Pacific Co Ltd/Hong Kong

Republic of the Philippines 520.98 Cash Complete PHILIPPINES

HONG KONG

PHILI-PPINES

51 DIV 4/8/2008 Senai Airport Terminal Services Sdn Bhd MMC Corp Bhd Multiple sellers 520.36 Cash Complete MALAYSIA MALAYSIA

52 ACQ 7/11/2007 TMB Bank PCL ING Groep NV 516.06 Cash Complete THAILAND NETHERLANDS

53 ACQ 21/7/2010 Bayan Resources Tbk PT

Korea Electric Power Corp 515.17 Cash Complete INDONESIA

SOUTH KOREA

54 DIV 14/5/2010 Bank CIMB Niaga Tbk PT

CIMB Group Holdings Bhd

Khazanah Nasional Bhd 514.90 Cash Complete INDONESIA MALAYSIA

MALAY-SIA

55 DIV 1/7/2010 Genting UK PLC Genting Malaysia BHD

Genting Singapore PLC 513.43 Cash Complete BRITAIN MALAYSIA

SINGA-PORE

11

56 DIV 18/3/2008 Certain Assets

Profesional Telekomunikasi Indonesia PT

Hutchison Telecommunications International Ltd 500.00 Cash Complete INDONESIA

HONG KONG

57 DIV 23/11/2009 Newmont Nusa Tenggara PT

Multi Daerah Bersaing PT Multiple sellers 493.60 Cash Complete INDONESIA

58 DIV 29/11/2007 East Mediterranean Gas Co PTT PCL

Mediterranean Gas Pipeline Ltd 486.90 Cash Complete EGYPT THAILAND EGYPT

59 DIV 23/8/2007 Ayudhya Capital Auto Lease PCL

Bank of Ayudhya PCL General Electric Co 470.35 Cash Complete THAILAND THAILAND

UNITED STATES

60 ACQ 18/6/2008 Bank UOB Buana PT United Overseas Bank Ltd 457.28 Cash Complete INDONESIA SINGAPORE

61 DIV 13/10/2009 Cosway M Sdn Bhd Cosway Corp Ltd Berjaya Corp Bhd 444.78 Cash, Stock & Debt Complete MALAYSIA

HONG KONG

MALAY-SIA

62 DIV 6/2/2008 XL Axiata Tbk PT Telekom Malaysia Bhd

Khazanah Nasional Bhd 441.31 Stock Complete INDONESIA MALAYSIA

MALAY-SIA

63 DIV 11/12/2007 XL Axiata Tbk PT

Emirates Telecommunications Corp Rajawali Group 438.00 Undisclosed Complete INDONESIA UAE

INDONE-SIA

64 DIV 12/11/2010 Certain Assets Indorama Ventures PCL Invista Sarl 420.00 Cash Complete THAILAND

UNITED STATES

65 ACQ 6/6/2008 Asian American Coal Inc Banpu PCL 420.00 Cash Complete UNITED STATES THAILAND

66 DIV 27/9/2007 Multiple Targets Petronas Gas BHD Woodside Petroleum Ltd 418.00 Cash Complete MALAYSIA

AUSTRA-LIA

67 DIV 4/2/2008 EON Capital Bhd Primus Pacific Partners Ltd DRB-Hicom Bhd 414.03 Cash Complete MALAYSIA

HONG KONG

MALAY-SIA

68 ACQ 25/12/2008 Coogee Resources Ltd

PTT Exploration & Production PCL 413.00 Cash Complete AUSTRALIA THAILAND

69 ACQ 11/10/2007 IRC Technologies Ltd Ellipsiz Ltd 403.50 Cash Complete THAILAND SINGAPORE

70 DIV 10/7/2009 GE Money Thailand Bank of Ayudhya PCL General Electric Co 403.41 Cash Complete THAILAND THAILAND

UNITED STATES

71 ACQ 30/4/2008 Parkway Holdings Ltd Khazanah Nasional Bhd 391.60 Cash Complete SINGAPORE MALAYSIA

72 DIV 6/11/2009 Newmont Nusa Tenggara PT

Multi Daerah Bersaing PT

Newmont Mining Corp 391.00 Cash Complete INDONESIA

UNITED STATES

73 ACQ 21/2/2007 Malaysian Oxygen Bhd Linde AG 382.95 Cash Complete MALAYSIA GERMANY

74 ACQ 22/2/2007 CIMB Group Holdings Bhd

Mitsubishi UFJ Financial Group Inc 381.34 Cash Complete MALAYSIA JAPAN

12

75 DIV 27/9/2007 Thermal Coal Mining Business

Straits Asia Resources Ltd Multiple sellers 379.41 Cash Complete SINGAPORE

76 DIV 26/5/2007

Perusahaan Perkebunan London Sumatra Indonesia Tbk

Indofood Agri Resources Ltd Multiple sellers 371.71 Cash Complete INDONESIA SINGAPORE

77 DIV 21/2/2007 Joint Venture Cos in Asia Air Liquide SA Linde AG 361.05 Cash Complete FRANCE

GERMA-NY

78 DIV 30/7/2010 Petron Corp Petron Corp Ashmore Investments UK Ltd 360.03 Cash Complete PHILIPPINES PHILIPPINES BRITAIN

79 ACQ 7/10/2008 Bank Internasional Indonesia Tbk PT

Malayan Banking Bhd 359.76 Cash Complete INDONESIA MALAYSIA

80 ACQ 16/7/2010 Titan Chemicals Corp

Honam Petrochemical Corp 355.39 Cash Complete MALAYSIA

SOUTH KOREA

81 DIV 23/8/2007 Encore Energy Pte Ltd Mitsubishi Corp

Encore International PT 352.00 Cash Complete SINGAPORE JAPAN

INDONE-SIA

82 DIV 23/9/2008 Drayton Pte Ltd Indofood Sukses Makmur Tbk PT

Pastilla Investment Ltd 350.00 Cash Complete SINGAPORE INDONESIA

SINGA-PORE

83 ACQ 17/3/2008 Cairn India Ltd Petroliam Nasional Bhd 348.55 Cash Complete INDIA MALAYSIA

84 DIV 13/7/2007 Genting Hong Kong Ltd

CMY Capital Labuan Ltd

Genting Malaysia BHD 338.38 Cash Complete HONG KONG MALAYSIA

MALAY-SIA

85 ACQ 2/12/2009 Philex Mining Corp First Pacific Co Ltd/Hong Kong 337.00 Cash Complete PHILIPPINES

HONG KONG

86 DIV 24/5/2010 Maruwai Coal Project Adaro Energy Tbk PT BHP Billiton Ltd 335.00 Cash Complete INDONESIA

AUSTRA-LIA

87 DIV 26/3/2008 Sorak Financial Holdings Pte Ltd

Malayan Banking Bhd Kookmin Bank 333.72 Cash Complete SINGAPORE MALAYSIA

SOUTH KOREA

88 DIV 16/4/2010 Carrefour Indonesia PT Para Group Carrefour SA 333.04 Undisclosed Complete INDONESIA INDONESIA FRANCE

89 ACQ 22/5/2007 Central Electricity Generating Co Multiple acquirers 320.00 Undisclosed Complete JORDAN

90 DIV 15/12/2010 Sorini Agro Asia Corporindo Tbk PT Cargill Inc

AKR Corporindo Tbk PT 319.95 Cash Complete INDONESIA

UNITED STATES

INDONE-SIA

91 ACQ 27/11/2007 Westwood Apartments YTL Corp Bhd 301.69 Cash Complete MALAYSIA

92 DIV 8/11/2007 J Boag & Sons Ltd Lion Nathan Ltd San Miguel Corp 300.49 Cash Complete AUSTRALIA AUSTRALIA PHILIPPINES

93 DIV 1/4/2008 Sri Lanka Telecom PLC Usaha Tegas Sdn

Nippon Telegraph & Telephone Corp 297.56 Cash Complete SRI LANKA MALAYSIA JAPAN

94 ACQ 7/10/2008 Lotte Shopping Indonesia PT

Lotte Shopping Co Ltd 292.39 Cash Complete INDONESIA

SOUTH KOREA

13

95 ACQ 29/9/2009

Industrial and Commercial Bank of China Thai PCL

Industrial & Commercial Bank of China 290.52 Cash Complete THAILAND CHINA

96 DIV 18/4/2007 147 Gasoline Stations PTT PCL ConocoPhillips 281.38 Cash Complete THAILAND UNITED STATES

97 DIV 25/6/2009 BP West Java Ltd Pertamina PT BP PLC 280.00 Cash Complete INDONESIA INDONESIA BRITAIN

98 DIV 7/8/2008 Metro Pacific Tollways Corp

Metro Pacific Investments Corp Multiple sellers 279.65 Cash Complete PHILIPPINES PHILIPPINES

99 DIV 19/6/2007 Samui Hotel 2 Co Ltd Pacific Assets PCL Lehman Brothers Holdings Inc 269.64 Cash Complete THAILAND THAILAND

UNITED STATES

100 ACQ 25/10/2007

Chengdu City Commercial Bank Co Ltd

Hong Leong Bank BHD 260.63 Cash Complete CHINA MALAYSIA

101 DIV 14/5/2010 Malaya Glass operations Multiple acquirers

Fraser & Neave Holdings Bhd 259.60 Cash Complete

MALAY-SIA

102 ACQ 12/12/2007 Herald Resources Ltd Bumi Resources Tbk PT 250.38 Cash Complete AUSTRALIA INDONESIA

103 DIV 5/7/2007 First Philippine Union Fenosa Inc

First Philippine Holdings Corp Union Fenosa SA 250.00 Undisclosed Complete PHILIPPINES PHILIPPINES SPAIN

104 ACQ 14/11/2007 3 China malls SM Prime Holdings Inc 248.44 Stock Complete PHILIPPINES

105 ACQ 31/12/2009 Straits Realty Co Ltd Hotel Properties Ltd 242.14 Cash Complete THAILAND SINGAPORE

106 DIV 15/10/2009 Cairn India Ltd Petroliam Nasional Bhd Cairn Energy PLC 240.00 Cash Complete INDIA MALAYSIA BRITAIN

107 ACQ 25/4/2007 Affin Holdings Bhd Bank of East Asia Ltd 238.27 Cash Complete MALAYSIA

HONG KONG

108 DIV 7/12/2009 Multi Bintang Indonesia Tbk PT

Asia Pacific Breweries Ltd

Heineken Holding NV 236.39 Undisclosed Complete INDONESIA SINGAPORE

NETHER-LANDS

109 DIV 21/1/2010 Philex Mining Corp First Pacific Co Ltd/Hong Kong

Government Service Insurance System 234.00 Cash Complete PHILIPPINES

HONG KONG

PHILI-PPINES

110 DIV 8/10/2007 Apexindo Pratama Duta PT

Medco Energi Internasional Tbk PT Seadrill Ltd 220.00 Cash Complete INDONESIA INDONESIA

BER-MUDA

111 DIV 23/3/2009 Straits Bulk & Industrial Pty Ltd PTT PCL

International Coal Holdings Ltd 220.00 Cash Complete AUSTRALIA THAILAND

AUSTRA-LIA

112 DIV 3/2/2009 Thanachart Bank PCL Bank of Nova Scotia

Thanachart Capital PCL 218.96 Cash Complete THAILAND CANADA

THAI-LAND

113 DIV 16/8/2007 Gurney Plaza/Penang CapitaLand Ltd Gurney Plaza Sdn Bhd 218.35 Cash Complete SINGAPORE

MALAY-SIA

114 ACQ 5/1/2009 Zurich Asset Investment Ltd

Bumi Resources Tbk PT 218.00 Undisclosed Complete SWITZERLAND INDONESIA

14

115 ACQ 8/8/2008 MCB Bank Ltd Malayan Banking Bhd 212.91 Cash Complete PAKISTAN MALAYSIA

116 DIV 16/3/2007 Paper & Packaging Division Citigroup Inc Genting Bhd 212.34 Cash Complete

UNITED STATES

MALAY-SIA

117 ACQ 20/6/2008 CIMB Thai Bank PCL CIMB Group Holdings Bhd 209.71 Cash Complete THAILAND MALAYSIA

118 ACQ 2/7/2007 Bank of Ayudhya PCL General Electric Co 206.47 Cash Complete THAILAND UNITED STATES

119 DIV 29/8/2007 Magnecomp Precision Technology PLC TDK Corp InnoTek Ltd 206.40 Cash Complete THAILAND JAPAN

SINGA-PORE

120 DIV 27/3/2007

Business Development Bank Ltd UCBH Holdings Inc Multiple sellers 205.00 Cash Complete CHINA

UNITED STATES

121 DIV 18/10/2007 Multiple Targets Citigroup Inc Enporis Greenz Ltd 201.98 Cash Complete UNITED STATES

SINGA-PORE

122 DIV 19/4/2007 Impact Exhibition Management Co Ltd Juutland Ltd Bangkokland PCL 201.32 Cash Complete THAILAND

CAYMAN ISLANDS

THAILAND

123 DIV 1/6/2007 Shenington Investments Pte Ltd

Singapore Technologies Pte Ltd Thaicom PCL 200.03 Cash Complete THAILAND SINGAPORE

THAI-LAND

124 DIV 21/1/2009 CEPU oil and gas field China Sonangol International Ltd Multiple sellers 200.00 Cash Complete

HONG KONG

125 ACQ 8/9/2010 Bumi Resources Tbk PT

Glencore International AG 200.00 Cash Complete INDONESIA

SWITZERLAND

126 ACQ 14/7/2010 Maple Holdings Ltd Berau Coal Energy Tbk PT 200.00 Cash Complete MALAYSIA INDONESIA

127 DIV 14/9/2010 Jerneh Insurance Bhd ACE Ltd Jerneh Asia BHD 200.00 Cash Complete MALAYSIA SWITZERLAND

MALAY-SIA

128 ACQ 3/12/2007 U Mobile Co Multiple acquirers 200.00 Cash Complete MALAYSIA

129 ACQ 29/1/2007 Sin Chew Media Corp Bhd

Media Chinese International Ltd 197.61 Stock Complete MALAYSIA

HONG KONG

130 DIV 12/3/2007

Infrastructure Development Finance Co Ltd

Khazanah Nasional Bhd UBS AG 191.78 Cash Complete INDIA MALAYSIA

SWIT-ZERLAND

131 ACQ 7/11/2007 Titan Kimia Nusantara Tbk PT

Titan Chemicals Corp 190.16 Cash Complete INDONESIA MALAYSIA

15

132 DIV 31/7/2007

2 Villa apartment blocks in Reflections at Keppel Al-Nibras Fund Keppel Land Ltd 188.80 Cash Complete

SINGA-PORE

133 DIV 7/11/2007 Chemical Brothers Ltd Titan Kimia Nusantara Tbk PT

Titan Chemicals Corp 188.40 Cash Complete INDONESIA INDONESIA

MALAY-SIA

134 DIV 18/11/2009 Starhill Gallery Starhill Global REIT

Starhill Real Estate Investment Trust 186.87 Cash Complete SINGAPORE

MALAY-SIA

135 DIV 8/11/2007 Diamond String Ltd China Construction Bank Corp Multiple sellers 182.43 Cash Complete HONG KONG CHINA

136 DIV 1/12/2010 Aboitiz Transport System Corp

Negros Holdings & Management Corp Multiple sellers 181.41 Cash Complete PHILIPPINES PHILIPPINES

137 DIV 10/11/2009 Muang Thai Group Holding Co Ltd Kasikornbank PCL Multiple sellers 180.76 Cash Complete THAILAND THAILAND

138 DIV 27/7/2009 Quayside Gem Ltd TA Enterprise Bhd

LaSalle Asia Opportunity II SARL 180.61 Cash Complete MAURITIUS MALAYSIA

SINGA-PORE

139 DIV 15/9/2009 Kinsale Head Area asset

Providence Resources PLC

Petroliam Nasional Bhd 180.00 Cash Complete IRELAND

MALAY-SIA

140 DIV 17/12/2008 Marathon Oil Ireland Ltd

Petroliam Nasional Bhd Marathon Oil Corp 180.00 Cash Complete IRELAND MALAYSIA

UNITED STATES

141 ACQ 20/6/2008 CIMB Thai Bank PCL CIMB Group Holdings Bhd 177.01 Cash Complete THAILAND MALAYSIA

142 DIV 8/8/2007 ECS Holdings Ltd VST Holdings Ltd Multiple sellers 176.57 Cash Complete SINGAPORE HONG KONG

143 DIV 8/7/2010 CP Pokphand Co Ltd Carlyle Group/The Charoen Pokphand Foods PCL 175.00 Cash Complete CHINA

UNITED STATES

THAI-LAND

144 ACQ 14/6/2010 Linatex Group Weir Group PLC/The 172.50 Cash Complete MALAYSIA BRITAIN

145 DIV 26/8/2009 DiGi.Com Bhd Unnamed Buyer Time dotCom Bhd 171.08 Cash Complete MALAYSIA MALAY-SIA

146 DIV 4/3/2007 Resort World at Sentosa Pte Ltd

Genting Singapore PLC

Genting Hong Kong Ltd 167.10 Cash Complete SINGAPORE SINGAPORE

HONG KONG

147 DIV 23/7/2008 Cognis Oleochemicals M Sdn Bhd PTT Chemical PCL

Cognis Holding Luxembourg SARL 163.34 Cash Complete MALAYSIA THAILAND

LUXEMBOURG

148 DIV 16/9/2009 Asia OTC rights

Taisho Pharmaceutical Co Ltd

Bristol-Myers Squibb Co 160.00 Cash Complete JAPAN

UNITED STATES

149 ACQ 8/8/2008 Adams Properties Inc Genting Hong Kong Ltd 154.70 Cash Complete PHILIPPINES

HONG KONG

150 ACQ 29/12/2009 Bukit Jonggol Asri PT Sentul City Tbk PT 153.68 Cash Complete INDONESIA INDONESIA

151 DIV 18/5/2009 Multiple Targets JS Group Corp Ingersoll-Rand PLC 151.70 Cash Complete JAPAN IRELAND

152 ACQ 7/10/2009 Fajr Capital Ltd Khazanah Nasional Bhd 150.00 Cash Complete UAE MALAYSIA

16

153 DIV 16/9/2009

Taisho Pharmaceutical Indonesia Tbk PT

Taisho Pharmaceutical Co Ltd

Bristol-Myers Squibb Co 150.00 Cash Complete INDONESIA JAPAN

UNITED STATES

154 ACQ 17/4/2010 Banco de Oro Unibank Inc

International Finance Corp 150.00 Cash Complete PHILIPPINES

UNITED STATES

155 DIV 20/1/2010 PETROSAUDI DISCOVERER

PetroSaudi International Ltd

Jasper Investments Ltd 150.00 Cash Complete

SAUDI ARABIA

SINGA-PORE

156 ACQ 20/8/2010

Malaysia Marine and Heavy Engineering Holdings Bhd Technip SA 149.96 Cash Complete MALAYSIA FRANCE

157 DIV 21/10/2010 Silverstone Bhd/OLD Toyo Tire & Rubber Co Ltd

Lion Forest Industries BHD 148.79 Cash Complete MALAYSIA JAPAN

MALAY-SIA

158 DIV 19/2/2009 Strand Minerals Indonesia Pte Ltd Mitsubishi Corp Eramet 145.00 Undisclosed Complete INDONESIA JAPAN FRANCE

159 DIV 21/8/2007 Linyi Jiangxin Steel Co Ltd

Sino Hua-An International Bhd Multiple sellers 142.96 Cash Complete CHINA MALAYSIA

160 ACQ 20/2/2009 San Miguel Brewery Inc

Kirin Holdings Co Ltd 142.95 Cash Complete PHILIPPINES JAPAN

161 DIV 4/1/2007 Multiple Targets Aviva PLC CIMB Group Holdings Bhd 141.98 Cash Complete BRITAIN

MALAY-SIA

162 ACQ 31/1/2008 UBG BHD

Abu Dhabi-Kuwait-Malaysia Investment Corp 141.12 Cash Complete MALAYSIA UAE

163 DIV 21/7/2010

Natural Oleochemicals Sdn Bhd

Wilmar International Ltd

Kulim Malaysia BHD 139.93 Cash Complete MALAYSIA SINGAPORE

MALAY-SIA

164 DIV 4/1/2007 Commerce Assurance Bhd Allianz SE

CIMB Group Holdings Bhd 139.15 Cash Complete MALAYSIA GERMANY

MALAY-SIA

165 DIV 28/10/2008 Starhill Global REIT YTL Corp Bhd Macquarie Group Ltd 134.80 Cash Complete SINGAPORE MALAYSIA

AUSTRA-LIA

166 DIV 8/11/2010

Mochtar Riady Comprehensive Cancer Centre

First Real Estate Investment Trust Wincatch Pte Ltd 132.49 Cash Complete SINGAPORE

SINGA-PORE

167 DIV 1/12/2010 Sumber Alfaria Trijaya Tbk PT

Sigmantara Alfindo PT

Nortstar Pacific Group 130.00 Cash Complete INDONESIA INDONESIA

168 DIV 29/11/2010 Multiple Targets

Jardine OneSolution BVI Ltd

SIS International Holdings 130.00 Cash Complete

VIRGIN ISLANDS

HONG KONG

169 DIV 27/4/2010 Low Keng Huat Singapore Ltd

Consistent Record SDN BHD General Corp BHD 129.95 Cash Complete SINGAPORE MALAYSIA

MALAY-SIA

170 ACQ 29/3/2007 Thanachart Bank PCL Bank of Nova Scotia 129.22 Cash Complete THAILAND CANADA

171 DIV 17/3/2010 Newmont Nusa Multiple acquirers Multiple sellers 129.00 Cash Complete

17

Tenggara PT

172 DIV 23/2/2010 Multiple Targets Kiatnakin Bank PCL Multiple sellers 127.41 Cash Complete THAILAND

173 DIV 17/4/2008 Husky Oil Madura Ltd CNOOC Ltd Husky Energy Inc 125.00 Cash Complete INDONESIA HONG KONG CANADA

174 DIV 1/12/2008 GPI Quezon Ltd Electricity Generating PCL

Global Power Investments LP 125.00 Cash Complete PHILIPPINES THAILAND

PHILI-PPINES

175 ACQ 14/4/2008 Pan African Mining Corp

Asia Thai Mining Co Ltd 124.37 Cash Complete CANADA THAILAND

176 DIV 1/3/2007 Mas Hotels & Boutiques Sdn Bhd

Kingdom Hotel Investments

Malaysian Airline System BHD 124.28 Cash Complete MALAYSIA UAE

MALAY-SIA

177 DIV 24/4/2007 Natrindo Telepon Seluler PT

Maxis Communications Bhd

Penta Investment Ltd/Malaysia 123.92 Cash Complete INDONESIA MALAYSIA

MALAY-SIA

178 DIV 28/3/2007 Pathum Thani Water Co Ltd

Thai Tap Water Supply PCL Multiple sellers 122.68 Cash Complete THAILAND THAILAND

179 DIV 16/8/2007 MINES Shopping Fair CapitaLand Ltd Country Heights Holdings BHD 122.50 Cash Complete SINGAPORE

MALAY-SIA

180 DIV 26/2/2009 Petrosea Tbk PT Indika Energy Tbk PT Clough Ltd 120.96 Cash Complete INDONESIA INDONESIA

AUSTRA-LIA

181 DIV 18/11/2009 Lot 10 Starhill Global REIT

Starhill Real Estate Investment Trust 119.13 Cash Complete SINGAPORE

MALAY-SIA

182 ACQ 29/1/2007 Nanyang Press Holdings Bhd

Media Chinese International Ltd 117.03 Cash Complete MALAYSIA

HONG KONG

183 DIV 22/5/2008 Chandra Asri Petrochemical Tbk PT

Barito Pacific Tbk PT

Newport Global Investment Ltd 115.57 Cash Complete INDONESIA INDONESIA

MALAY-SIA

184 DIV 2/3/2007 Four Seasons Hotel/Langkawi Multiple acquirers Four Seasons 114.20 Cash Complete CANADA

185 ACQ 16/11/2007 Toba Pulp Lestari Tbk PT Pinnacle Co Ltd 114.03 Cash Complete INDONESIA KENYA

186 ACQ 13/1/2009 Bank Pan Indonesia Tbk PT

Australia & New Zealand Banking Group Ltd 114.00 Cash Complete INDONESIA AUSTRALIA

187 DIV 19/4/2007 XL Axiata Tbk PT Telekom Malaysia Bhd AIF Indonesia Ltd 113.00 Cash Complete INDONESIA MALAYSIA

INDO-NESIA

188 DIV 11/10/2007 Multiple Targets Larsen & Toubro Ltd

Ancom Logistics Bhd 112.68 Undisclosed Complete INDIA

MALAY-SIA

189 DIV 27/4/2007 Multiple Targets Nihon Yamamura Glass Co Ltd San Miguel Corp 111.06 Cash Complete JAPAN

PHILI-PPINES

190 DIV 9/12/2010 Land & Building Sarana Menara Nusantara PT

Hutchison Whampoa Ltd 110.00 Cash Complete INDONESIA

HONG KONG

191 DIV 19/6/2007 Multiple Targets India Hospitality Corp

Navis Capital Partners Ltd 110.00

Cash and Stock Complete

CAYMAN ISLANDS

MALAY-SIA

192 DIV 21/9/2009 Global Tender Barges Pte Ltd

Pamplona Capital Management LLP

SinOceanic Shipping ASA 110.00 Cash Complete MALAYSIA BRITAIN NORWAY

193 DIV 15/12/2008 Westine Merbourne TA Enterprise Bhd RPHT Operations Pty Ltd 109.23 Cash Complete MALAYSIA

AUSTRA-LIA

18

194 ACQ 23/3/2009 Straits Asia Resources Ltd PTT PCL 109.12 Cash Complete SINGAPORE THAILAND

195 DIV 26/11/2009 Rimau Indonesia PT Agritrade Resources Ltd Multiple sellers 108.38 Debt Complete INDONESIA

HONG KONG

196 ACQ 13/10/2010 Manulife Holdings Bhd

Manulife Century Holdings Netherlands BV 108.03 Cash Complete MALAYSIA

NETHERLANDS

197 ACQ 30/6/2009 Small Bone Innovations Inc Multiple acquirers 108.00 Cash Complete UNITED STATES

198 DIV 1/7/2008 PureCircle Ltd

Olam Wilmar Investments Holdings Multiple sellers 106.45 Cash Complete MALAYSIA

199 DIV 28/7/2009 Carlsberg Singapore Ltd

Carlsberg Brewery-Malay BHD Carlsberg A/S 104.95 Cash Complete SINGAPORE MALAYSIA

DEN-MARK

200 ACQ 17/5/2007 Computer Systems Advisers M Bhd

Computer Sciences Corp 104.15 Cash Complete MALAYSIA

UNITED STATES