Author: Deal Street Asia Online News

India government plans to rope in anchor investors to invest up to $3.4b in LIC’s IPO …

Anchor investors are essentially brought in to enhance the confidence of investors and gauge the demand for the IPO in the market. Having anchor investors may be critical for LIC because of the size of the state-run insurer and the changes being adopted by it, which may make IPO investors concerned about the ability of… Continue reading India government plans to rope in anchor investors to invest up to $3.4b in LIC’s IPO …

Amazon merchant acquirers open new battlefront in China

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Alternative proteins see future in Asia as deal count grows

A Taiwanese-styled stew made using Life3 Biotech’s Veego-branded plant protein. Source: Life3 Biotech Premium Are alternative proteins the next big food trend? Veteran investor and commodities trading guru Jim Rogers seems to think so. Last month, he put his name behind little-known Singapore startup  Life3 Biotech that produces plant-based protein products. Go to Source

Singapore real estate major CapitaLand sets up $37.8m innovation fund …

Singapore-based real estate major CapitaLand Ltd has set up a S$50 million ($37.8 million) fund to spur sustainability-focused innovation in the built environment space. The CapitaLand Innovation Fund will invest the capital over five years. “The CapitaLand Innovation Fund will enable us to catalyse more innovations, accelerate our global sustainability efforts and ensure that we… Continue reading Singapore real estate major CapitaLand sets up $37.8m innovation fund …

Breaking up tech giants in focus as four new US antitrust bills introduced

A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc’s Google, creating a platform for other businesses and then competing against those same businesses. One… Continue reading Breaking up tech giants in focus as four new US antitrust bills introduced

Japan’s Toshiba changes board nominees as two step down in deepening crisis

Toshiba Corp, facing a deepening crisis over corporate governance, said on Sunday it will change its board director nominees for an upcoming shareholder meeting, as two are stepping down. The shake-up follows an investigation that found the company had colluded with the Japanese government to pressure foreign investors, a revelation that its second-largest shareholder called the greatest corporate governance scandal in the world in the last… Continue reading Japan’s Toshiba changes board nominees as two step down in deepening crisis

China’s crackdown on cryptocurrency spreads to Yunnan in southwest

China’s crackdown on cryptocurrencies has spread to the country’s southwest with a campaign against misuse of electricity by bitcoin miners in Yunnan province, local media reported on Saturday. In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government is also concerned about speculation after a surge in the price of bitcoin. China… Continue reading China’s crackdown on cryptocurrency spreads to Yunnan in southwest

India’s Shriram Transport Finance raises $266m via QIP route

Auto finance company Shriram Transport Finance has raised close to ₹2,000 crore through its latest qualified institutions placement (QIP) issue. The issue opened on June 7 and closed on June 11, the company stated. “Securities Issuance Committee at its meeting held today i.e. June 12, 2021, has… approved the allotment of 13,986,000 Equity Shares of face… Continue reading India’s Shriram Transport Finance raises $266m via QIP route

India: Soma Comstar raises $333m from anchor investors ahead of IPO …

PowerGrid InvIT and SBI Cards raised ₹3480 crore and ₹2769 crore, respectively, from anchor investors. The auto components major allocated 8.6 crore shares at ₹291 apiece to 42 anchor investors, aggregating the total to ₹2,498 crore, according to a circular uploaded on the BSE website. Government of Singapore Investment Corporate (GIC) and Monetary Authority of Singapore (MAS) together… Continue reading India: Soma Comstar raises $333m from anchor investors ahead of IPO …