China’s first batch of real estate investment trusts (REITs) were snapped up by retail investors on their first day of sales on Monday, according to fund managers and state media. The retail tranches of the nine REITs, worth about 2 billion yuan ($314.05 million), attracted over 30 billion yuan of retail subscriptions, or over 10 times… Continue reading Retail investors snap up China’s first batch of REITs on day one sales …
Author: Deal Street Asia Online News
China’s Qiming Venture Partners sets up $500m fund to invest in listed firms: Report
Qiming Venture Partners, a China-focused venture capital (VC) firm that has invested in smartphone maker Xiaomi and food delivery giant Meituan, has set up its first fund to invest in listed companies, The Information reported. The $500 million fund, dubbed Springhill Fund, will primarily invest in Chinese healthcare companies listed outside of mainland China, according… Continue reading China’s Qiming Venture Partners sets up $500m fund to invest in listed firms: Report
Australian property firm PEXA prepares for domestic IPO after rejecting KKR bid …
Australian digital property settlement company PEXA is heading for an initial public offering on the domestic stock exchange towards the end of June, its top shareholder Link Group said in a disclosure on Monday. Link said an underwriting agreement for the proposed IPO on the Australian Securities Exchange (ASX) has been signed, implying an enterprise… Continue reading Australian property firm PEXA prepares for domestic IPO after rejecting KKR bid …
Foxconn ties up with Thailand’s PTT to make electric vehicles
Taiwan’s Foxconn on Monday announced a partnership with Thailand’s state-run energy group PTT PCL to make electric cars in the Southeast Asian country, adding to a string of such deals by the iPhone assembler as it makes forays into the car market. Foxconn, Apple’s main iPhone maker, has expanded its activities in electric vehicles (EVs) over the past year or so, announcing deals with Chinese electric-car maker Byton and automakers… Continue reading Foxconn ties up with Thailand’s PTT to make electric vehicles
Mingdutech nets over $47m and 16 more deal updates from Greater China
ResearchPremium Zhejiang Mingdu Zhikong Technology Co., Ltd, also known as Mingdutech, has gathered over 300 million yuan ($47 million) in a Series B round of financing, per a company statement on Monday. The current round was led by China Merchants Group’s subsidiary China Merchants Medical and Healthcare Industry Equity Fund. China-Singapore Suzhou Industrial Park Development… Continue reading Mingdutech nets over $47m and 16 more deal updates from Greater China
Softbank may sell $1.5b stake in Paytm, marking its largest exit in India after Flipkart
Paytm is planning an IPO worth around $3 billion, offering SoftBank its largest exit in India after Flipkart. “A window to sell at least one-third of the overall stake on offer in the IPO may be available on a pro-rata basis for the existing investors, including SoftBank. A total of 3-5% stake may be monetized… Continue reading Softbank may sell $1.5b stake in Paytm, marking its largest exit in India after Flipkart
Chinese investment firm V-Capital secures $235m for new RMB fund
M&A and private investment-focused V-Capital, which was incubated by Shenzhen-listed Huaxi Holding in 2015, on Monday announced that it has secured as much as 1.5 billion yuan ($235 million) for a new RMB-denominated fund. The firm did not specify if the fund had reached the final close. The fund attracted commitments from a slew… Continue reading Chinese investment firm V-Capital secures $235m for new RMB fund
Indian IT firm Wipro sells its stake in Ensono for $76.24m …
In a regulatory filing Wipro said, “As part of the recently announced acquisition of Ensono by KKR, Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million. Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC.” It was in March 2018, Wipro and Ensono,… Continue reading Indian IT firm Wipro sells its stake in Ensono for $76.24m …
Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies
Vietnam’s steel maker Hoa Phat said on Monday it has acquired the Roper Valley iron ore mine project in Australia, marking the company’s first step to secure its own supplies in the world’s biggest iron ore producer. The project is estimated to have 320 million tonnes of reserves, with mining capacity at four million tonnes per year, Hoa Phat said in… Continue reading Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies
China Digest: Feiliu Tech; Rokae in funding news
Feiliu Tech has raised over 200 million yuan ($30 million) in its Series A1 and A2 rounds. In a separate development, Shunwei-backed Rokae has garnered a similar amount in its Series C+ round of financing. Feiliu Tech raises over $30m AI-driven apparel supply chain platform Feiliu Tech has garnered over 200 million yuan ($30 million)… Continue reading China Digest: Feiliu Tech; Rokae in funding news