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Author: Deal Street Asia Online News
Big tech firms race to build new data centres in VietnamHanoi wants firms such as Microsoft and Google to store their customer data locally.
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CDH Investments partners China’s state capital investor for $345m mezzanine fund
China-focused CDH Investments, which manages over $27 billion, has joined hands with a state capital investor for the launch of a mezzanine fund to deploy about 2.5 billion yuan ($344.6 billion) in internet data centre (IDC) infrastructure. Alternative asset management firm CDH Investments set up the fund, dubbed “CDH Zhiwen Mezzanine Fund,” in partnership with… Continue reading CDH Investments partners China’s state capital investor for $345m mezzanine fund
Charticle: E-commerce funding in Southeast Asia dives to a new low in Q1
Funding into e-commerce startups in Southeast Asia dropped to the lowest level in at least four years in the first quarter of 2024 despite a pickup in overall consumption. E-commerce startups in the region could garner only $18 million in Q1, down by a steep 97.2% from the previous quarter despite a marginal increase in… Continue reading Charticle: E-commerce funding in Southeast Asia dives to a new low in Q1
Chinese IPOs on Nasdaq to rebound despite regulatory logjam, says official
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UBS close to selling Credit Suisse China joint venture to state-owned firm
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Vodafone looking to sell its entire $2.3b stake in India’s Indus Towers: reportVodafone owns 21.5% of mobile-tower operator Indus via various group en…
Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm’s effort to repay debt. Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday’s closing stock price in Mumbai,… Continue reading Vodafone looking to sell its entire $2.3b stake in India’s Indus Towers: reportVodafone owns 21.5% of mobile-tower operator Indus via various group en…
TotalEnergies sells Brunei unit to Malaysia’s Hibiscus Petroleum for $259m
French oil and gas major TotalEnergies will sell its Brunei business to Malaysian independent exploration and production firm Hibiscus Petroleum for $259.4 million, both companies said on Friday. TotalEnergies said the sale is part of its strategy to sell its mature fields and reallocate cash to promising new locations, such as Namibia, where the French firm will… Continue reading TotalEnergies sells Brunei unit to Malaysia’s Hibiscus Petroleum for $259m
Hyundai to sell up to 17.5% stake in up to $3b India unit IPO
South Korea’s Hyundai Motor is looking to sell a stake of up to 17.5% in the planned initial public offering of its India unit to raise up to $3 billion, three sources familiar with the matter said, in what could be India’s biggest ever IPO. Hyundai is expected to file papers for the listing with the stock market… Continue reading Hyundai to sell up to 17.5% stake in up to $3b India unit IPO
These were our most read stories of May 2024
Notwithstanding the bleak landscape, some private equity majors in SE Asia have been busy lining up exit strategies for some of the older investments in their portfolios. Even as fund managers are exploring multiple options as part of their exit strategies, LPs in Asia are still less inclined towards unconventional routes. Our top stories in May include Falcon House’s… Continue reading These were our most read stories of May 2024