HSBC on Monday reported a fresh $3 billion share buyback and a more than doubling of third-quarter profit that nonetheless missed forecasts as spending on technology and operations grew and inflation pushed wage expectations higher. The results from Europe’s biggest bank showed the pressure it is under to deliver returns to long-suffering investors now that… Continue reading HSBC announces fresh $3b buyback, profit misses target on rising costs
Author: Deal Street Asia Online News
Asia Digest: SRSG reaches first close of real estate vehicle; AM Green signs deal with Petronas, GICInvestors of the SRSG fund include family offices,…
Singapore-based investment firm SRSG has completed the first close of its Asia Pacific-focused industrial and logistic real estate fund, while India’s AM Green has inked a deal with Malaysia’s Petronas and Singapore’s GIC for green ammonia production. Real estate fund APRIL1 targets 15% IRR SRSG has hit the initial closing of its first real estate… Continue reading Asia Digest: SRSG reaches first close of real estate vehicle; AM Green signs deal with Petronas, GICInvestors of the SRSG fund include family offices,…
LeapFrog Investments exits as India’s AU Bank buys out local peer Fincare
LeapFrog Investments, the global impact fund manager, has announced the anticipated acquisition of its investee company India’s Fincare Bank by local peer AU Small Finance Bank. Under the terms of the anticipated merger, listed Indian finance company AU Small Finance Bank will emerge as the new operator of Fincare Bank through a share swap, creating… Continue reading LeapFrog Investments exits as India’s AU Bank buys out local peer Fincare
Chinese chipmaker JSSI bags $82m in fresh funding round
Jiangsu Silicon Integrity Semiconductor Technology (JSSI) has secured 600 million yuan ($82 million) in a fresh funding round participated by local investment firm KQ Capital, which invests exclusively into the integrated circuit industry. The Nanjing-based firm did not divulge the investment stage, which comes two years after the firm sealed its extended Series A round… Continue reading Chinese chipmaker JSSI bags $82m in fresh funding round
Vantage Point: Bukalapak well on track to break even in Q4 2023
This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You… Continue reading Vantage Point: Bukalapak well on track to break even in Q4 2023
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS GroupThe deal is expected to be completed by Q1 2024, subject to customar…
Global private equity behemoth KKR is investing in Malaysian subsea cable provider OMS Group in a $400-million tailored transaction, according to a statement on Monday. The deal is expected to be completed by Q1 2024, subject to customary closing conditions, the statement said, without disclosing additional details. According to the statement, KKR’s investment will help… Continue reading PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS GroupThe deal is expected to be completed by Q1 2024, subject to customar…
Australian gold exporter Tietto Minerals gets $415m takeover offer from Zhaojin CapitalZhaojin Capital is a unit of Zhaojin Mining Industry, which own…
Australian gold explorer Tietto Minerals Ltd on Monday said it received an off-market takeover offer from Zhaojin Capital to acquire all shares it does not already own in the company for A$655.4 million ($415 million). Under the offer, Zhaojin Capital, a unit of the Tietto’s second largest shareholder Zhaojin Mining Industry Co Ltd, will acquire… Continue reading Australian gold exporter Tietto Minerals gets $415m takeover offer from Zhaojin CapitalZhaojin Capital is a unit of Zhaojin Mining Industry, which own…
DEG commits $25m loan for Silver Dragon Water Supply Group
DEG, the investment arm of German state-owned development bank KfW, is the lead arranger for a $25 million syndicated loan facility for clean water operator Silver Dragon Water Supply Group Limited (SDWSG) as part of efforts to boost the private sector’s role in China’s water sector, according to a disclosure. Go to Source
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Tech-infused startups that digitize small traditional retailers seemed to have a lot of potential in the emerging markets of Southeast Asia at one point in time. However, recent developments show that the sector is at a crossroads amid uncertain economic conditions, raising questions about its sustainability. Go to Source
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
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