Author: Deal Street Asia Online News

ASX-listed Regal Partners to acquire private credit specialist Merricks Capital

ASX-listed alternative investment manager Regal Partners on Monday announced the acquisition of private credit specialist Merricks Capital for a consideration of A$235 million ($156 million). The transaction includes a cash payment of $40 million and the issue of 63,934,426 fully paid ordinary shares at A$3.05 per Regal share. With the transaction, Regal Partners’s total group… Continue reading ASX-listed Regal Partners to acquire private credit specialist Merricks Capital

Tencent Music, Tencent pick up 10% stake in Thai firm GMM Music for $70m

Chinese online music and audio entertainment platform Tencent Music Entertainment (TME) and parent Tencent Holdings have picked up a 10% stake in Thai company GMM Music for about $70 million, according to an announcement on Monday. As part of the deal that values GMM at $700 million, the Chinese companies will pay an undisclosed cash… Continue reading Tencent Music, Tencent pick up 10% stake in Thai firm GMM Music for $70m

Naver-owned online comics platform Webtoon files for US IPO

Online comics platform Webtoon Entertainment swung to a profit in the first quarter while growing its revenue by 5%, it disclosed on Friday in its filing for an initial public offering (IPO) in the United States. The company, owned by South Korean communications technology giant Naver Corp, operates a library of web-novel and comics available… Continue reading Naver-owned online comics platform Webtoon files for US IPO

Australia orders Chinese investors to sell down stake in rare earths miner

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, spokesperson said on Monday. Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in… Continue reading Australia orders Chinese investors to sell down stake in rare earths miner

Red tape clouds China’s overseas listings despite market recoveryChina has clamped down on offshore capital raisings since 2021.

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.

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 …