French industrial group Seche Environnement has agreed to buy Singapore’s ECO Industrial Environmental Engineering for around S$605 million ($447.4 million), according to a statement by the company dated Monday. The group is buying the Singaporean hazardous waste company from Beijing Capital Eco-Environment Protection Group, according to the statement. Reuters reported earlier this month that the… Continue reading Seche Environnement to buy Singaporean hazardous waste firm ECO for $447m
Author: Deal Street Asia Online News
Naver’s Webtoon Entertainment aims up to $2.67b valuation in US IPO
Online comics platform Webtoon Entertainment said on Monday it is targeting a valuation of up to $2.67 billion in its initial public offering in the United States. The company, majority-owned by South Korean tech giant Naver 035420.KS, is aiming to raise as much as $315 million by offering 15 million shares at a price range… Continue reading Naver’s Webtoon Entertainment aims up to $2.67b valuation in US IPO
Warren Buffett’s Berkshire Hathaway trims stake in China’s BYDThe sale reduced Berkshire’s stake in BYD’s issued H-shares to 6.90% from 7.02%.
Warren Buffett’s Berkshire Hathaway has again trimmed its stake in BYD, the Chinese company that last year surpassed Tesla as the world’s largest electric vehicle maker. Berkshire sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million), according to a filing on Monday with the Hong Kong stock exchange. The sale reduced Berkshire’s… Continue reading Warren Buffett’s Berkshire Hathaway trims stake in China’s BYDThe sale reduced Berkshire’s stake in BYD’s issued H-shares to 6.90% from 7.02%.
Chinese AMR developer Youibot to move HQ after state investor-backed Series CHefei Dongcheng Industry Investment, a state capital investor in Hefei Ci…
Youibot Robotics, a Chinese developer of autonomous mobile robots (AMRs) and automation solutions, has closed its Series C funding round as the startup plans to invest 1.4 billion yuan (about $193 million) in setting up new headquarters and manufacturing facilities. Hefei Dongcheng Industry Investment, a state capital investor in Hefei City in eastern China, has… Continue reading Chinese AMR developer Youibot to move HQ after state investor-backed Series CHefei Dongcheng Industry Investment, a state capital investor in Hefei Ci…
L’Occitane chairman Geiger offers scrip alternative to take HK-listed firm private
Hong Kong-listed L’Occitane International said on Monday Chairman Reinold Geiger has offered minority shareholders an alternative to his existing $1.8 billion cash takeover offer as he pursues to take the skincare firm private. Geiger, whose firm owns about 72.4% of L’Occitane, is now offering the remaining shareholders an option between the existing HK$34 apiece cash… Continue reading L’Occitane chairman Geiger offers scrip alternative to take HK-listed firm private
Gokul Rajaram leads funding in Prosperr.io and India deals worth $101m
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Zomato in talks to buy Paytm’s movies & ticketing biz to beef up its ‘going out’ segment
Zomato is in talks to buy Paytm’s movies and events business as the food delivery platform attempts to beef up its ‘going out’ business. No binding decision has been taken at this stage, Zomato said in a regulatory filing, adding that the discussion is being undertaken “with an intent to further strengthen our going-out business… Continue reading Zomato in talks to buy Paytm’s movies & ticketing biz to beef up its ‘going out’ segment
Asia Digest: Japan’s Arches, PH’s BayaniPay secure fresh fundsArches plans to expand its expert network to include Europe and the US.
Tokyo-headquartered expert knowledge-sharing platform Arches, which focuses on Southeast Asia, has raised $3 million in funding while Filipino fintech startup BayaniPay has secured fresh funds. Knowledge-sharing platform Arches secures $3m funding Arches, a one-stop platform offering expert interviews, research, consulting and talent placement has announced raising $3 million in its latest funding round. The financing… Continue reading Asia Digest: Japan’s Arches, PH’s BayaniPay secure fresh fundsArches plans to expand its expert network to include Europe and the US.
Canadian government, ADB launch $255m climate fund for Asia Pacific
The Government of Canada and the Asian Development Bank (ADB) have launched a CA$360 million ($255 million) fund to invest in climate- and nature-based projects. Canada is providing CA$350 million for the fund, dubbed The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA), with another CA$10 million for technical assistance, while ADB will… Continue reading Canadian government, ADB launch $255m climate fund for Asia Pacific
Hyundai deepens India bet, files for IPO that could be country’s biggestThe IPO will make it the country’s first car maker to go public in two decades…
Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. The IPO will make it the country’s first car maker to go public in two decades… Continue reading Hyundai deepens India bet, files for IPO that could be country’s biggestThe IPO will make it the country’s first car maker to go public in two decades…