Naoki Izumiya, President of Asahi Group Holdings, Ltd. told Jiji Press that the company is looking for mergers and acquisitions of companies in Singapore and Vietnam. Izumiya said, "It is the right decision to carry out M&A activities in such countries with developed economic systems and industrial infrastructure." Izumiya added that Asahi expects to raise the total value of its business in Southeast Asia to ¥100 billion through M&As.