This tracker covers possible deals reported by media across Asia-Pacific over a certain period. The information is gathered from various news sources, excludes confirmed deals and is limited to potential acquisitions or sales involving companies or operations in the region. Click here to read the previous month's report.

In July, Southeast Asia and Australia emerged as hot destinations for foreign and local investors scouting for banking and nonbanking assets in Asia-Pacific, helping drive a spike in potential M&A activity in the region's financial sector.

At least two Japanese banks are considering acquiring banking assets in Southeast Asia. Shinsei Bank Ltd. plans to acquire a 49% stake in the proposed Cambodian unit of Vietnam's Military Commercial Joint Stock Bank, Nikkei Asia reported. While Mitsubishi UFJ Financial Group Inc. is considering bidding for PT Bank Pan Indonesia Tbk, Bloomberg News reported. The Japanese megabank's Indonesia-based unit, PT Bank Danamon Indonesia Tbk, could be involved in the potential deal.

In somewhat related news, Australia and New Zealand Banking Group Ltd. is considering reviving its plan to sell its stake in Bank Pan Indonesia, people with knowledge of the matter told Bloomberg. ANZ has commenced preliminary talks with interested parties. The bank's 38.8% stake in Bank Pan Indonesia is valued at $1 billion, according to the report.

Also in Southeast Asia, Kasikornbank PCL's plan to sell a stake in its asset management unit attracted interest from several investors, including France-based Amundi SA and the asset management arm of U.S.-based JPMorgan Chase & Co. The Thai lender is seeking a potential strategic investor in its Kasikorn Asset Management Co. Ltd. unit, the Bangkok Post reported. Further, Thailand's SCB X PCL said it was considering selling its SCB Asset Management Co. Ltd. unit, and was engaged in talks with advisers to explore a potential deal for the unit, people familiar with the matter told Bloomberg.

Elsewhere, Malaysia's AMMB Holdings Bhd. clarified it was not in talks regarding a sale of its asset management unit, The Star reported. The bank was earlier reported to be considering selling AmInvest, which could be valued at as much as $300 million.

In Australia, potential deal activity in July was concentrated in the nonbanking financial space. ANZ withdrew from talks with U.S. private equity firm KKR & Co. Inc. for a potential bid for business management software provider MYOB Group Ltd. The withdrawal came after the banking group agreed to acquire Suncorp Group Ltd.'s banking arm for A$4.9 billion. Similarly, Australia's Zip Co Ltd. and U.S-based Sezzle Inc. mutually terminate their proposed merger.

Perpetual Ltd. and Pendal Group Ltd. confirmed they were in preliminary and confidential talks over a potential acquisition. Perpetual did not disclose details but said it will not require equity raising or private equity involvement if the deal goes through. The announcement came after Pendal rejected Perpetual's cash-and-scrip buyout proposal in April.

In addition, Deutsche Bank AG emerged as one of the groups eyeing Australia's Collection House Ltd., The Australian reported. The report came after Collection House started a sale process run by voluntary administrator FTI Consulting.

In South Asia, India's Yes Bank Ltd. is looking to acquire a 20% stake in J.C. Flowers Asset Reconstruction Pvt. Ltd. for around 3.5 billion rupees, Mint reported.

Further articles about other deal possibilities

EML Payments in talks to sell controlling stake

Singapore-based crypto exchange Zipmex mulls offer

UK's Nexo in talks to acquire Singapore's Vauld

Consortium, other firms circle Reliance Capital

TA Associates, Fisher Funds in late-stage talks to acquire Kiwi Wealth