Author: Deal Street Asia Online News

South Korea pension fund to increase investments in alternative assetsBy 2029-end, the NPS will allocate 55% of its total assets to stocks, 30% to bon…

South Korea’s national pension fund will continue to raise the ratio of risky assets and increase alternative investments, the welfare ministry said on Friday. The ministry announced this in a statement after an annual review of five-year portfolio management plans, at which it kept target ratios for each asset class and target investment returns, unchanged… Continue reading South Korea pension fund to increase investments in alternative assetsBy 2029-end, the NPS will allocate 55% of its total assets to stocks, 30% to bon…

Not the right time for IPOs, say Vietnam’s tech unicornsFounders emphasised a well-prepared and sustainable path to public listing rather than pursuin…

Vietnam’s tech unicorns seem to be in no rush to get listed in the current market environment. At Tech In Asia’s Saigon Summit on Thursday, prominent names such as VNG and VNLIFE emphasised a well-prepared and sustainable path to public listing rather than pursuing an initial public offering (IPO) at any cost. VNG withdrew its… Continue reading Not the right time for IPOs, say Vietnam’s tech unicornsFounders emphasised a well-prepared and sustainable path to public listing rather than pursuin…

Chinese retailer Suning.com to raise $68m for its smart retail arm

Suning Retail Cloud, a smart retail subsidiary of Chinese retailer Suning.com, is raising up to 480 million yuan ($67.7 million) in debt financing to fund its business pivot as the parent group struggles to turn a profit. Suning Retail Cloud, a platform providing Suning.com stores with supply-chain, logistics, financial, and employee management solutions, is raising… Continue reading Chinese retailer Suning.com to raise $68m for its smart retail arm

Crypto ‘re-staking’ platforms boom as traders chase bigger returns

More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market. The soaring popularity of so-called “re-staking” is the latest sign of risk-taking in crypto markets as prices rally… Continue reading Crypto ‘re-staking’ platforms boom as traders chase bigger returns

Vietnam’s Vinfast to roll out six dealerships in Philippine foray

Vietnamese electric vehicle maker VinFast is opening six dealerships to sell cars, e-scooters and e-bikes in the Philippines, its newest market in Southeast Asia, a company executive said on Friday. “We come to the Philippine market with good quality product and accessible price,” VinFast Philippines CEO Nguyen Thi Minh Ngoc told reporters during the company’s launch of four electric cars and two-wheeled electric vehicles (EVs)… Continue reading Vietnam’s Vinfast to roll out six dealerships in Philippine foray

Yondr Group secures $150m debt financing from IFC for Malaysia data centre

Yondr Group, a global developer, owner, and operator of hyperscale data centres, has raised a $150-million loan facility from the International Finance Corporation (IFC), a member of the World Bank Group. The funding will be used for the construction of the first phase of its hyperscale campus in Johor, Malaysia, the company said on Friday. Yondr’s… Continue reading Yondr Group secures $150m debt financing from IFC for Malaysia data centre

Australian fast food chain Guzman y Gomez seeks to raise $161m in June IPOIt values the food chain that specialises in Mexican food at A$2.2 billion.

Australian fast food chain Guzman y Gomez (GYG) is aiming to raise A$242.5 million ($160.75 million) in a June initial public offering, according to a company statement on Friday. The company will sell 11.1 million shares at A$22 each which will value the food chain that specialises in Mexican food at A$2.2 billion. The deal… Continue reading Australian fast food chain Guzman y Gomez seeks to raise $161m in June IPOIt values the food chain that specialises in Mexican food at A$2.2 billion.

China’s Country Garden looking to sell CXMT stake for $276m

Debt-laden property developer Country Garden’s venture capital arm is looking to sell its stake in Chinese chipmaker ChangXin Memory Technologies for 2 billion yuan ($276.30 million), Bloomberg News reported on Friday. Country Garden Venture Capital, which was founded in 2019, has an undisclosed stake in the chipmaker, which according to media reports might be a… Continue reading China’s Country Garden looking to sell CXMT stake for $276m

Baidu, Xiaomi-backed smart printer maker Hannto raises $41.5m to expand production

Hannto Technology, a Chinese Internet of Things (IoT) company specialising in smart printers, has raised 300 million yuan ($41.5 million) in a Series C+ round to build a new production facility in eastern China. Shanghai-based Hannto aims to invest a total of 800 million yuan ($110.6 million) for the construction of the new facility, which… Continue reading Baidu, Xiaomi-backed smart printer maker Hannto raises $41.5m to expand production