Author: Deal Street Asia Online News

Asia Digest: Kakao Japan raises $550m; Tokyo-listed Saint Marc bags $64m

Anchor Equity Partners led a 60 billion yen ($550 million) investment round in Kakao Japan, while Advantage Partners invested 7 billion yen ($64 million) in restaurant operator Saint Marc. Anchor Equity invests $550m in Kakao Japan Anchor Equity Partners, a private equity firm focused on opportunities in Korea and North Asia, has led an investment… Continue reading Asia Digest: Kakao Japan raises $550m; Tokyo-listed Saint Marc bags $64m

SEA Digest: Thailand’s first initial coin offering; S&P assists Vietnam’s FiinGroup

SPV77 plans to raise $76.48 million in Thailand’s first initial coin offering (ICO); Vietnam’s FiinGroup will receive technical assistance from S&P Global Ratings.  SPV77 plans Thailand’s first initial coin offering SPV77 Co Ltd has announced plans to raise 2.4 billion baht ($76.48 million) from the launch of 240 million real estate-backed digital tokens, in Thailand’s… Continue reading SEA Digest: Thailand’s first initial coin offering; S&P assists Vietnam’s FiinGroup

Kredivo’s parent firm FinAccel builds 24% stake in Indonesia’s Bank Bisnis Internasional

FinAccel, the parent company of Indonesia’s digital credit platform Kredivo, has acquired a 24% stake in local bank PT Bank Bisnis Internasional Tbk, according to a stock exchange disclosure by the latter.  FinAccel spent 551.31 billion rupiah ($38.4 million) to buy the stake in Bank Bisnis Internasional from its existing shareholders PT Sun Land Investasi… Continue reading Kredivo’s parent firm FinAccel builds 24% stake in Indonesia’s Bank Bisnis Internasional

Singapore court approves move to freeze Hin Leong founder’s assets worth $3.5b

Singapore’s High Court has accepted a request to freeze up to $3.5 billion of worldwide assets of Lim Oon Kuin and his two children following the collapse of Lim’s oil trading firm Hin Leong Trading Pte Ltd, the company’s liquidators told creditors in an email reviewed by Reuters. Court-appointed liquidators of Hin Leong, the Lim family and their lawyers, did… Continue reading Singapore court approves move to freeze Hin Leong founder’s assets worth $3.5b

AMTD Digital looks to raise $100m in NYSE IPO even as scrutiny tightens …

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading AMTD Digital looks to raise $100m in NYSE IPO even as scrutiny tightens …

Zomato, Swiggy resume food delivery services in Hyderabad

Zomato and Swiggy resumed food delivery services in Hyderabad on Sunday with 30% of their total delivery executive staff, after the Director-General of Police (DGP) instructed the Commissioners of Police to address grievances and ensure smooth delivery of essentials. After the lockdown was announced earlier this month, several delivery executives were stopped by the police… Continue reading Zomato, Swiggy resume food delivery services in Hyderabad

Bitcoin extends losses after China clamps down on mining, trading

Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency. China‘s Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as the asset it needs to regulate more. The world’s largest and most popular cryptocurrency recently traded down 11.59% at $35,928 after holding… Continue reading Bitcoin extends losses after China clamps down on mining, trading

The complete list of who owns how much in Indonesia’s newly-minted tech giant GoTo …

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading The complete list of who owns how much in Indonesia’s newly-minted tech giant GoTo …

Indonesia’s anti-trust agency to scrutinise Gojek-Tokopedia merger …

Indonesia’s anti-trust agency (KPPU) on Thursday said it would scrutinise the multi-billion dollar merger of the country’s startups Gojek and Tokopedia to check for potential monopolistic behaviour. Ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced their merger earlier this week into a tech company GoTo in Indonesia’s largest-ever deal. The combined entity, which… Continue reading Indonesia’s anti-trust agency to scrutinise Gojek-Tokopedia merger …