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Author: Deal Street Asia Online News
SEA Digest: HitPay secures MPI licence in SG; Telkomsel, AppWorks unveil 9th cohort
HitPay has secured a major payment institution licence from Singapore’s central bank, while seven Indonesian startups have been chosen to take part in Telkomsel’s accelerator program. HitPay secures payment institution licence HitPay, a commerce and payment processing startup for SMEs, on Tuesday announced that it has secured a major payment institution (MPI) licence from the… Continue reading SEA Digest: HitPay secures MPI licence in SG; Telkomsel, AppWorks unveil 9th cohort
Blackstone bets on UK rental homes in $740m dealLarge investors are increasingly putting cash into rental homes which have fared better than other com…
U.S. private equity giant Blackstone has agreed to buy 1,750 new homes to rent from British housebuilder Vistry, as institutional investors bet on a shortage of rental properties. Large investors are increasingly putting cash into rental homes which have fared better than other commercial property sectors such as offices and retail, through a period of soaring borrowing costs and changing working patterns. Vistry… Continue reading Blackstone bets on UK rental homes in $740m dealLarge investors are increasingly putting cash into rental homes which have fared better than other com…
Saudi’s PIF likely to raise $830m from debt sale
Saudi Arabia’s sovereign wealth fund, The Public Investment Fund, expects to raise 650 million pounds ($829.53 million) from the sale of a dual-tranche bond, fixed income news service IFR reported on Tuesday. PIF, which manages more than $700 billion in assets, has set the spread on the 5-year note tranche at 115 basis points (bps) over UK gilts, and at 125 bps over for the 15-year… Continue reading Saudi’s PIF likely to raise $830m from debt sale
Impossible to move chip factories out of Taiwan, says TSMC
Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible. Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration… Continue reading Impossible to move chip factories out of Taiwan, says TSMC
Qatar wealth fund said to be buying 10% stake in Chinese asset manager
Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, two sources said, underscoring Beijing’s increasing ties with the Middle East amid rising tensions with the West. Qatar’s proposed investment in China Asset Management Co (ChinaAMC) comes amid a flurry of activities between China and Gulf countries to… Continue reading Qatar wealth fund said to be buying 10% stake in Chinese asset manager
Chinese chip designer Unisoc raises $552m in equity financing: reportUnisoc ranked fourth globally in its shipment of smartphone APs.
Chinese chip design company Unisoc (Shanghai) Technologies has raised over 4 billion yuan ($552.2 million) in equity financing as Beijing’s push to realise semiconductor self-sufficiency is expected to bring growth opportunities to domestic players. A group of state investment platforms in China, financial institutions, securities companies, and private capital investors participated in the deal, the… Continue reading Chinese chip designer Unisoc raises $552m in equity financing: reportUnisoc ranked fourth globally in its shipment of smartphone APs.
FMO to invest $40m in Indian NBFC Satin Creditcare Network
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India seeks firms make additional disclosures to fast track public offers, document shows
India’s market regulator wants companies looking to go public to share more information as it seeks to fast track public offers, according to a letter sent to merchant bankers last week. The regulator has sought 31 additional disclosures, the most significant of which are information about conflict of interest with management, directors, large shareholders, subsidiaries… Continue reading India seeks firms make additional disclosures to fast track public offers, document shows
BlackRock appoints Yik Ley Chan to lead private credit in SE Asia
US global investment management firm BlackRock announced on Tuesday that it has appointed Yik Ley Chan to lead its private credit investments in Southeast Asia. From July 2024, Chan will be based in Singapore and lead the origination and execution of private credit efforts in Southeast Asia, which BlackRock said was a promising market for… Continue reading BlackRock appoints Yik Ley Chan to lead private credit in SE Asia