Author: Deal Street Asia Online News

Hong Kong’s Swire Pacific to raise up to $500m via dollar bondSwire Pacific intends to use the money raised for lending within the group.

Hong Kong conglomerate Swire Pacific is looking to raise $300 million to $500 million through a 5-year dollar bond, according to two sources with direct knowledge of the matter. The proposed bond has initial price guidance for potential investors of Treasuries plus 120 basis points, according to a term sheet reviewed by Reuters. The sources… Continue reading Hong Kong’s Swire Pacific to raise up to $500m via dollar bondSwire Pacific intends to use the money raised for lending within the group.

China Merchants Capital to buy 40% stake of PCCW’s fibre business for $870m

China Merchants Capital plans to acquire a 40% stake in the copper and fibre connection access service arm under the telecommunications group controlled by Hong Kong billionaire Richard Li for $870 million, an exchange filing showed on Wednesday.  The target company – Regional Link Telecom Services Holdings Limited – will remain an indirect subsidiary of… Continue reading China Merchants Capital to buy 40% stake of PCCW’s fibre business for $870m

Shopee Indonesia agrees to reforms amid allegations of unfair practices

The Indonesian anti-trust agency KPPU said that Shopee Indonesia (PT Shopee International Indonesia) and its affiliated last-mile delivery unit, Shopee Express (PT Nusantara Ekspress Kilat), have admitted to violating monopoly regulations for the courier service. This admission came during a session held by the KPPU Council on Tuesday attended by representatives and legal representatives of… Continue reading Shopee Indonesia agrees to reforms amid allegations of unfair practices

China’s Dida sets price for Hong Kong IPO, to raise $30mAt the final price, Dida will be valued at about $770 million.

China ride-sharing app operator Dida has priced its shares at HK$6 each to raise US$30 million in its Hong Kong initial public offering, two people with direct knowledge of the matter said on Wednesday. The people spoke on condition of anonymity to discuss confidential information. The Beijing-based firm sold 39.1 million shares in the IPO,… Continue reading China’s Dida sets price for Hong Kong IPO, to raise $30mAt the final price, Dida will be valued at about $770 million.

Indian logistics startup Ecom Express set to raise $172m from existing investors: Report

Gurugram-headquartered e-commerce logistics company Ecom Express Private Limited is raising about $172 million (Rs 1,424 crore) from existing investors via rights issue, Entrackr reported. The board of Ecom Express has passed a special resolution to issue 15,70,000 compulsory convertible preference shares (CCPS) at an issue price of Rs 9071 each to raise the sum, the… Continue reading Indian logistics startup Ecom Express set to raise $172m from existing investors: Report

KKR buys $2b portfolio of multifamily real estate assets from QuarterraKKR will partner with Carter-Haston, MG Properties and Dalan Real Estate to ope…

Investment firm KKR acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion. The portfolio includes 5,200 units across California, Washington, Florida, Texas, Georgia, North Carolina, Colorado and New Jersey. The global commercial property industry, in particular offices, is still in the grip of its biggest slump since the 2007-09 financial crisis. But non-bank lenders… Continue reading KKR buys $2b portfolio of multifamily real estate assets from QuarterraKKR will partner with Carter-Haston, MG Properties and Dalan Real Estate to ope…