Brookfield India Real Estate Trust (BIRET) has acquired a 50% stake in four Grade A assets from Bharti Enterprises for an enterprise value of Rs 6,000 crore ($718 million), per an announcement on Thursday. The total equity consideration for the 50% stake will be fulfilled through a preferential allotment of units in BIRET to Bharti,… Continue reading Brookfield India REIT acquires 50% stake in Bharti Enterprises assets for $718m
Author: Deal Street Asia Online News
Malaysia’s Ekuinas invests $7.9m in local agricultural machinery firm Mizou
Malaysian government-linked private equity company Ekuiti Nasional Berhad (Ekuinas) has announced an investment of 37 million ringgit ($7.9 million) in Mizou Holdings (Mizou), a local company specialising in agricultural machinery for the upstream palm oil sector. Ekuinas said the investment is part of its 100 million ringgit ($21 million) Dana Asas fund, which focuses on… Continue reading Malaysia’s Ekuinas invests $7.9m in local agricultural machinery firm Mizou
Chinese art marketplace Tyfon to go public via $434m SPAC dealEarlier this month, Chinese electric vehicle maker Zeekr’s shares also debuted on the NY…
Chinese art marketplace Tyfon Culture has agreed to list its shares on the Nasdaq through a merger with a special purpose acquisition company that values the combined entity at $434 million, the firms said on Wednesday. The company is among a number of Chinese firms looking to list in the United States as the market for new… Continue reading Chinese art marketplace Tyfon to go public via $434m SPAC dealEarlier this month, Chinese electric vehicle maker Zeekr’s shares also debuted on the NY…
The Parentinc claims to have hit profitability in Jan, filings show losses surged nearly 50% in 2022
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Nomura Holdings embraces private assets to beat bubble-era profits
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Grab reports 24% rise in revenue, lowers operating loss in Q1 2024
Southeast Asian super app Grab Holdings Ltd recorded a 24% increase in its revenue in the first three months of 2024, backed by growing on-demand gross merchandise value (GMV), and lower operating loss after booking its first quarterly profit in Oct-Dec 2023. In its statement, the Nasdaq-listed company said its revenue grew 24% year-on-year to… Continue reading Grab reports 24% rise in revenue, lowers operating loss in Q1 2024
Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom mergerAxiata and Sinar Mas have entered into a non-binding agreement.
Malaysia’s Axiata and conglomerate Sinar Mas are in talks to merge their telecommunications operations in Indonesia to create an about $3.45 billion entity, the Malaysian firm said on Wednesday, as it seeks to tap into the growing demand in the local telecom sector. Bloomberg News had reported in late April that the owners of PT… Continue reading Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom mergerAxiata and Sinar Mas have entered into a non-binding agreement.
Chinese EV maker Aiways to go public in US via SPAC mergerAiways is among a group of struggling Chinese EV startups that have suspended operations ami…
Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquistion Corp in a deal that should value the company around $400 million, the two companies said. The deal is a lifeline for Aiways, which halted production at its Shangrao plant last summer as a fierce EV… Continue reading Chinese EV maker Aiways to go public in US via SPAC mergerAiways is among a group of struggling Chinese EV startups that have suspended operations ami…
Mekong Capital invests $5m in Cambodian biofertiliser firm HUSK
Vietnam-focused private equity firm Mekong Capital has announced a $5-million investment in HUSK, a biochar and biofertiliser company engaged in regenerative agriculture practices in Southeast Asia. Mekong’s investment in the firm is through its Mekong Enterprise Fund IV (MEF IV) vehicle, according to a statement. Founded in 2017 by two female entrepreneurs, Heloise Buckland and Carol… Continue reading Mekong Capital invests $5m in Cambodian biofertiliser firm HUSK
Malaysia Airports to be taken private by consortium led by Khazanah, EPF
A consortium led by Malaysia’s sovereign wealth fund Khazanah Nasional and pension fund provider Employees Provident Fund (EPF) announced a conditional offer on Wednesday to acquire all remaining shares in Malaysia Airports Holdings Berhad (MAHB) that it did not already own. The consortium’s shareholders also comprise a subsidiary of the Abu Dhabi Investment Authority and… Continue reading Malaysia Airports to be taken private by consortium led by Khazanah, EPF