Author: Deal Street Asia Online News

Four companies launch Hong Kong IPOs to raise about $500m

Four companies ranging from a US jet manufacturer to a Chinese generative AI firm launched Hong Kong initial public offerings on Friday to raise up to $500 million, according to their regulatory filings. Cirrus Aircraft, a Minnesota-based small jet manufacturer, is aiming to raise up to $197 million by selling 54.87 million shares in a… Continue reading Four companies launch Hong Kong IPOs to raise about $500m

India: Emkay Investment Managers launches $60m Emkay Capital Builder AIFThe fund will maintain a multi-cap portfolio of around 20-25 stocks.

Emkay Investment Managers Limited (EIML), the asset management arm of Emkay Global Financial Services, on Thursday announced the launch of an open-ended category III Alternative Investment Fund (AIF) called the “Emkay Capital Builder Fund”. EIML aims to raise about $60 million (Rs 500 crore) through the latest AIF in the coming 6-8 months, it said… Continue reading India: Emkay Investment Managers launches $60m Emkay Capital Builder AIFThe fund will maintain a multi-cap portfolio of around 20-25 stocks.

Chinese semiconductor firm Starshine secures over $137m in Series B round

Starshine Semiconductor, which manufactures radio frequency (RF) filters and modules, has raised 1 billion yuan ($137.6 million) in its Series B funding round. RF filters are imperative for all electronic devices as they can receive or block certain frequencies, hence wireless communication can allow voice and data to traverse through the airwaves without interference.  The… Continue reading Chinese semiconductor firm Starshine secures over $137m in Series B round

Singapore’s Novo Tellus closes investment in US-based Amsino Medical GroupThe company will use the proceeds to expand its global footprint and operat…

Singapore-based Novo Tellus has invested an undisclosed sum in US-based Amsino Medical Group, a provider of medical consumable devices. The company will use the proceeds to expand its global footprint and operations. Financial terms of the deal were undisclosed but a company statement said the investment was “substantial.” The PE firm had previously partnered with… Continue reading Singapore’s Novo Tellus closes investment in US-based Amsino Medical GroupThe company will use the proceeds to expand its global footprint and operat…

SoftBank to invest in search startup Perplexity AI at $3b valuation

Japanese technology investor SoftBank Group Corp’s Vision Fund 2 is investing between $10 million and $20 million in U.S. search startup Perplexity AI at a valuation of $3 billion, Bloomberg News reported on Thursday. SoftBank will make this investment as part of a larger $250 million funding round, the report, said, citing people familiar with… Continue reading SoftBank to invest in search startup Perplexity AI at $3b valuation

Fairfax India Holdings unit sells 9.7% stake in CSB Bank for $70m

Fairfax India Holdings Corp said on Thursday its wholly-owned subsidiary, FIH Mauritius Investments, sold a 9.7% stake in Indian private lender CSB Bank to comply with regulatory norms. The proceeds of the sale amounted to 5.9 billion rupees ($70.7 million) in gross terms, Fairfax India said in a release. After the sale, Fairfax India’s stake… Continue reading Fairfax India Holdings unit sells 9.7% stake in CSB Bank for $70m