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
Author: Deal Street Asia Online News
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
Asia Digest: Shinhan Venture, Global Brain back Essen; A.P. Moller Capital launches Verdant Energy
Shinhan Venture Investment and Global Brain have invested in Japanese startup Essen while A.P. Moller Capital, a member of the A.P. Moller Group, has launched a new company that will pursue renewable projects in Southeast Asia. Shinhan Venture, Global Brain invest in Japan’s Essen Shinhan-GB FutureFlow Fund, a Japan-focused vehicle by South Korea-based Shinhan Venture… Continue reading Asia Digest: Shinhan Venture, Global Brain back Essen; A.P. Moller Capital launches Verdant Energy
Singapore’s Tower Capital Asia gung ho about exits despite gloomy outlook for PE firmsWith about 75% of Fund I deployed, the firm is targeting more ex…
Danny Koh, Founder and CEO, Tower Capital Asia Singapore-based mid-market investor Tower Capital Asia sounded a bullish note on exits at a time when Southeast Asia’s private equity market faces the toughest exit conditions in six years. According to a Bain & Company report released on Wednesday, exit deal value in the region dived as… Continue reading Singapore’s Tower Capital Asia gung ho about exits despite gloomy outlook for PE firmsWith about 75% of Fund I deployed, the firm is targeting more ex…
Southern Capital said to finalise sale of Australian health firm to Crescent Capital
Southeast Asian buyout firm Southern Capital Group has finalised the sale of the Australian subsidiary of Singapore-based health conglomerate Qualitas Medical Health Group to Crescent Capital Partners, according to multiple people familiar with the matter. Go to Source
Foodtech no longer flavour of the season in SE Asia as funding hits new low in 2023The 83% YoY decline in foodtech investments surpassed the 51% fall …
Private funding for food technology (foodtech) startups in Southeast Asia dropped to an at least four-year low of $21.6 million in 2023 as investors lost their appetite for the sector amid a broader slowdown, reveals a new report. The 83% year-on-year decline in foodtech investments surpassed the 51% decline in total funding for the regional… Continue reading Foodtech no longer flavour of the season in SE Asia as funding hits new low in 2023The 83% YoY decline in foodtech investments surpassed the 51% fall …
Terraform Labs, Do Kwon agree to settle SEC civil fraud caseThe SEC had accused the company and Kwon of misleading investors in 2021 about the stabili…
Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the U.S. Securities and Exchange Commission which sued them for allegedly misleading cryptocurrency investors before the 2022 collapse of the stablecoin TerraUSD. The deal but not its terms was disclosed on a court website on Thursday. A jury found Kwon and… Continue reading Terraform Labs, Do Kwon agree to settle SEC civil fraud caseThe SEC had accused the company and Kwon of misleading investors in 2021 about the stabili…
Australia’s ANZ exits Malaysian lender AMMB with $149m stake sale
ANZ Group, Australia’s fourth-largest bank, has fully exited its investment in Malaysian lender AMMB Holdings by selling its entire 5.2% stake for up to $149 million, according to a term sheet seen by Reuters. The stake exit comes three years after ANZ announced it would write down the value of its investment in AMMB after… Continue reading Australia’s ANZ exits Malaysian lender AMMB with $149m stake sale