More than a year after China pledged to smoothen the process for offshore listings, firms are reeling from a regulatory logjam that is unlikely to ease soon, and staring at the prospects of sharply lower valuations even as market sentiment improves. Hopes for a revival in overseas listings were sparked by Beijing’s vow in April to facilitate Hong Kong IPOs… Continue reading Red tape clouds China’s overseas listings despite market recoveryChina has clamped down on offshore capital raisings since 2021.
Author: Deal Street Asia Online News
5i Ventures acquires major stake in Singapore’s Hello Health Group5iV now owns a 35.6% stake in the company, according to DealStreetAsia’s calculation…
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BNPL, lending propel growth for SE Asia’s tech giants on strong ecosystem play
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The LP View: Hades Financial ramps up India presence with two new commitments
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Charticle: Food analytics scores only deal in SE Asia’s foodtech space in Q1
Food analytics is the only category within SE Asia’s foodtech space to score a deal in Q1 2024, leaving behind even the most-funded sub-segment of alternative protein. Food analytics companies leverage technologies like artificial intelligence to provide consultation on food production, distribution, food safety, traceability, and chemical composition. Go to Source
Tesla shareholder sues Musk for alleged $7.5b insider tradingThe lawsuit also accused Tesla’s directors of breaching their fiduciary duty by allowing …
A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit filed… Continue reading Tesla shareholder sues Musk for alleged $7.5b insider tradingThe lawsuit also accused Tesla’s directors of breaching their fiduciary duty by allowing …
A91 Partners invests $21m in TechnoSport and other India deals worth $78m
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Japan’s DMM Bitcoin says it lost over $300m cryptocurrency in ‘unauthorised leaks’
Japan’s cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin, worth about 48.2 billion yen or $308 million, in what the company called an “unauthorised leak”. It gave no details of how the incident occurred or whether an outside party had been involved, but said it was investigating and had restricted some services in response. Cryptocurrency companies are frequent targets for… Continue reading Japan’s DMM Bitcoin says it lost over $300m cryptocurrency in ‘unauthorised leaks’
Japanese whisky-maker Suntory said in early talks to acquire Boston Beer
Japanese whisky-maker Suntory Holdings is in talks to acquire U.S. brewer Boston Beer, known for its Samuel Adams brand, the Wall Street Journal reported on Friday, citing people familiar with the matter. Boston Beer said it was aware of the media report. “We do not comment on rumors. We are fully focused on our business… Continue reading Japanese whisky-maker Suntory said in early talks to acquire Boston Beer
China fines Evergrande’s flagship unit $577m for fraudulent bond issuance
China has fined China Evergrande’s onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The regulator also fined Evergrande founder Hui Ka Yan 47 million yuan and barred him from the securities market for life, according to a statement. The unit, Hengda Real Estate first revealed the planned penalties in a March filing, after… Continue reading China fines Evergrande’s flagship unit $577m for fraudulent bond issuance