Author: Deal Street Asia Online News

Data Vantage: Initia Labs, Paper.id, StealthMole, Charge+ and WYZauto in focus

This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: Initia Labs, Paper.id, StealthMole, Charge+ and WYZauto in focus

Seche Environnement to buy Singaporean hazardous waste firm ECO for $447m

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

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