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Author: Deal Street Asia Online News
Grab’s Trans-cab takeover raises competition concerns, says SG regulator
Singapore’s competition watchdog asked ride-hailing firm Grab and Trans-cab for solutions to address competition concerns following a deal last year to buy the taxi operator. Grab is one of the city-state’s top ride-hailing companies, with the deal for Trans-cab reported to be valued at around S$100 million ($74 million). The Competition & Consumer Commission of Singapore (CCCS) said on… Continue reading Grab’s Trans-cab takeover raises competition concerns, says SG regulator
Shanghai-listed drugmaker Biokin files for Hong Kong IPO to fund foray abroad
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Brookfield buys majority stake in India’s Leap Green Energy for $200mBrookfield can infuse a further $350m of incremental equity capital.
Canada’s Brookfield has acquired a majority stake in Tamil Nadu-based renewable energy company Leap Green Energy for an investment of $200 million through a combination of subscription of new shares and acquisition of shares from current shareholders. Additionally, Brookfield can infuse a further $350 million of incremental equity capital to support the future growth of… Continue reading Brookfield buys majority stake in India’s Leap Green Energy for $200mBrookfield can infuse a further $350m of incremental equity capital.
Trip.com picks minority stake in Vietnam’s co-living operator M Village
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HongShan closes $2.5b RMB fund with backing from China’s state capitalHongShan is said to have closed its seventh RMB fund as early as March.
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SEA Digest: Net Zero-X launches in SG; Packworks raises govt funding
Net Zero-X has launched its flagship project in Singapore, while Packworks has received $60,000 from the government. Net Zero-X launches flagship project Net Zero-X, a new blockchain exchange for impact investors, has launched in Singapore, per a report in e27. The exchange aims to tackle the significant financing gap impeding the global transition to a… Continue reading SEA Digest: Net Zero-X launches in SG; Packworks raises govt funding
Hedge funds turn to South Korea for next wave in AI
Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea’s chipmakers, betting a new wave of demand for high-end memory chips and government spending makes them more valuable. Britain’s Man Group, Singapore’s FengHe Fund Management and Hong Kong’s CloudAlpha Capital Management and East Eagle Asset Management are among the hedge funds… Continue reading Hedge funds turn to South Korea for next wave in AI
Singapore’s B Capital in the market to raise three new funds, show filings
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Asia Digest: SG-based Nica.eco, S Korea’s Beeble AI raise funds
Climatetech startup Nika.eco and South Korean VFX firm Beeble AI have secured seed funding. Silverstrand Capital leads Nica.eco’s seed round Nika.eco, a Singapore-based startup that uses AI to track forest carbon, has raised an undisclosed amount of funding in its seed round, according to an announcement. The oversubscribed round was anchored by Singapore-headquartered impact investor… Continue reading Asia Digest: SG-based Nica.eco, S Korea’s Beeble AI raise funds