Author: Deal Street Asia Online News

Asia’s ESG bond issuances hit record $69b this year, no let-up seen

Asia-Pacific borrowers more than doubled issuance of bonds tied to environmental, social and governance (ESG) themes to a record $69 billion this year, data showed, as they sought to burnish their sustainability credentials and tap red-hot investor demand. Bankers say the trend will continue, boosting their fee incomes. Some of the biggest global investment banks… Continue reading Asia’s ESG bond issuances hit record $69b this year, no let-up seen

China Digest: Redpoint China Ventures backs Feiwei; biomedical firm Zeesan bags $10m

Shanghai Feiwei Information Technology has raised 100 million yuan ($15 million) in a Series B round of financing co-led by Redpoint China Ventures and GP Capital, while Zeesan Biotech has garnered $10 million from Sinovation Ventures. Shanghai Feiwei bags $15m in a Series B round Big data services specialist Shanghai Feiwei Information Technology Co., Ltd… Continue reading China Digest: Redpoint China Ventures backs Feiwei; biomedical firm Zeesan bags $10m

South Korean retail firms Lotte, Shinsegae bid for eBay unit

South Korean retailers Lotte Shopping and Shinsegae Group entered separate binding bids for eBay’s South Korean business, the retailers’ spokesmen said on Monday. eBay Korea – South Korea’s third-largest e-commerce firm with a 12.8% market share in 2020, according to Euromonitor – is on sale for what eBay hopes could be up to 5 trillion won ($4.5… Continue reading South Korean retail firms Lotte, Shinsegae bid for eBay unit

SoftBank-backed construction startup Katerra files for bankruptcy protection in US

Construction startup Katerra Inc, which is backed by SoftBank Group Corp, said on Sunday it has filed for bankruptcy protection in the United States. Katerra said it had secured commitments for $35 million in debtor-in-possession (DIP) financing from SB Investment Advisers (UK) Limited to fund operations during the Chapter 11 process, adding that the company’s international operations are… Continue reading SoftBank-backed construction startup Katerra files for bankruptcy protection in US

HSBC veteran Hitendra Dave to be new India CEO

A Swiss International aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015. REUTERS/Peter Nicholls HSBC has appointed Hitendra Dave as the interim chief executive officer of HSBC India with effect from today. Dave’s formal appointment as the CEO is subject to regulatory approval. Dave succeeds… Continue reading HSBC veteran Hitendra Dave to be new India CEO

ASX-listed Altium rejects $3.9b takeover bid from US peer Autodesk …

Australia-listed software maker Altium Ltd on Monday rejected a buyout proposal from American peer Autodesk Inc that valued the company at A$5.05 billion ($3.91 billion), saying it “significantly undervalued” its prospects. The U.S. firm, which makes architecture designing software AutoCAD, offered Altium A$38.50 for each share, a 41.5% premium to its last closing price. Altium‘s shares soared as much… Continue reading ASX-listed Altium rejects $3.9b takeover bid from US peer Autodesk …

Sina-led consortium said to be in advanced talks to buy stake in Yoozoo Games

A consortium led by Chinese internet major Sina Corp is in advanced talks to acquire at least 18% of Yoozoo Games, two people with direct knowledge of the matter told Reuters. Sina is teaming up with China’s Twitter-like Weibo Corp and one Shanghai-based state investment firm, said the people who declined to be identified due to confidential… Continue reading Sina-led consortium said to be in advanced talks to buy stake in Yoozoo Games

Australia’s Hansen Technologies gets $1b buyout offer from BGH Capital

Hansen Technologies on Monday received a conditional and non-binding buyout proposal from private equity firm BGH Capital in a deal that values the billing solutions provider at A$1.3 billion ($1 billion), sending its shares to a record high. BGH’s offer of A$6.50 in cash per share represents a premium of 25.5% to the company’s last closing… Continue reading Australia’s Hansen Technologies gets $1b buyout offer from BGH Capital

China Youran Dairy seeks to raise $800m in Hong Kong IPO …

China Youran Dairy Group is aiming to raise up to $800 million in its Hong Kong IPO by pricing its shares at between $HK6.98 to $HK8.66 each, according to regulatory filings on Monday. The dairy company, backed by private equity group PAG, will finalise the share price on Thursday before listing on the Hong Kong… Continue reading China Youran Dairy seeks to raise $800m in Hong Kong IPO …