Automaker VinFast has added JPMorgan and Deutsche Bank to a team advising it on a planned U.S. listing, a group executive said, but sources said Vietnam’s likely first U.S. listing faces a delay due to uncertainty over regulations. “VinFast is working with advisers including JPMorgan and Deutsche Bank in the syndicate for the U.S. listing,” Le Thi Thu… Continue reading Vietnam’s VinFast ropes in JPMorgan, Deutsche Bank to advise on US listing …
Author: Deal Street Asia Online News
Australia’s Ramsay Health Care to buy UK’s Spire for $1.4b
Australian hospital operator Ramsay Health Care on Wednesday said it would buy British peer Spire Healthcare Group for 1 billion pounds ($1.42 billion) to strengthen its healthcare business in the country, sending Spire shares up 26%. The 240 pence per Spire share offer is at a 24.4% premium to the stock’s last closing price. Spire said in… Continue reading Australia’s Ramsay Health Care to buy UK’s Spire for $1.4b
People Digest: Aviva Singlife names new CEO; GAM hires SE Asia lead
Singapore insurer Aviva Singlife and Zurich-headquartered GAM Investment Management have announced senior hires. Aviva Singlife names Pearlyn Phau group CEO Aviva Singlife announced that it has named Pearlyn Phau as new group chief executive officer (CEO), following the $2.4-billion merger of Aviva and Singlife last year. Phau’s appointment takes effect from August 18, 2021, subject… Continue reading People Digest: Aviva Singlife names new CEO; GAM hires SE Asia lead
China Digest: Lilly Asia Ventures backs Rgenta; IntoCare nets $15m …
China-headquartered Lilly Asia Ventures has backed an $18 million seed extension round for US-based Rgenta Therapeutics. In a separate development, IntoCare Medical Technology (Suzhou) Co., Ltd has raked in nearly 100 million yuan ($15 million) in a Series D round of financing led by Qiming Venture Partners. Lilly Asia Ventures backs Rgenta’s seed+ funding Massachusetts-based… Continue reading China Digest: Lilly Asia Ventures backs Rgenta; IntoCare nets $15m …
Deals digest: Startups Little Birdie, mx51, AnyClip nab funding
Australian startups Little Birdie and fintech firm mx51 as well as New York and Tel Aviv-based visual technology platform AnyClip have announced raising funds. Australian e-commerce startup Little Birdie nets $23m from CBA Australian online shopping startup Little Birdie on Tuesday announced that it has secured a A$30 million ($23 million) pre-launch investment from Commonwealth… Continue reading Deals digest: Startups Little Birdie, mx51, AnyClip nab funding
Indian microblogging platform Koo raises $30m led by Tiger Global
Homegrown alternative to Twitter, Koo, on Wednesday said it has raised $30 million in Series B funding led by New York-based investment firm Tiger Global. Existing investors including Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator also participated in the round. IIFL’s venture capital fund and South Korea’s Mirae Assets are other new investors… Continue reading Indian microblogging platform Koo raises $30m led by Tiger Global
China’s Xiaomi says US has formally lifted securities ban
China’s Xiaomi Corp said on Wednesday a U.S. court has removed the company’s designation as a Communist Chinese Military Company (CCMC) and lifted all restrictions on U.S. persons buying or holding its stock. “The U.S. District Court for the District of Columbia issued a final order vacating the U.S. Department of Defense’s designation of the company as… Continue reading China’s Xiaomi says US has formally lifted securities ban
WhatsApp said to sue Indian government over new media rules
WhatsApp has filed a legal complaint in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel the California-based Facebook unit to break privacy protections, sources said. The lawsuit, described to Reuters by people familiar with it, asks the Delhi High Court to declare that one… Continue reading WhatsApp said to sue Indian government over new media rules
India: Patni family office, Baring Private Equity to back PG Electroplast
Baring Private Equity India AIF, Ananta Capital and the Patni family office are participating through preferential allotment of Equity Shares of ₹40.30 crores and CCDs of ₹36.30 crores in the company. Funds will be used to expand its plant situated in Pune which produces air-conditioners and coolers and establish a new plant in Greater Noida which will… Continue reading India: Patni family office, Baring Private Equity to back PG Electroplast
China’s Inner Mongolia escalates campaign against cryptocurrency mining
China’s northern region of Inner Mongolia escalated a campaign against cryptocurrency mining on Tuesday, publishing draft rules to root out the business, days after Beijing vowed to crack down on bitcoin mining and trading. The Inner Mongolia Development and Reform Commission said in the proposed rules that telecommunications companies and internet firms which are engaged… Continue reading China’s Inner Mongolia escalates campaign against cryptocurrency mining