Xinwanxing Composite Materials, a Chinese producer of composite materials, has secured nearly 1 billion yuan ($140.6 million) in equity financing from domestic investors Eastern Bell Capital and Goldstone Investment. Xinwanxing, founded in 2009, mainly manufactures products such as aerospace-grade carbon fibre prepregs and composite materials used in aerospace and other industries, including aviation, rail transportation,… Continue reading Eastern Bell, Goldstone invest $140.6m in Chinese aerospace material maker XinwanxingXinwanxing produces aerospace-grade carbon fibre prepregs and com…
Author: Deal Street Asia Online News
SG’s EDB commits $25m in third edition of corporate venture programmeCVL 3.0 will continue to support companies to diversify business opportunities.
The Singapore Economic Development Board (EDB) has committed S$32 million (US$24.6 million) over the next two years to continue driving corporate venturing in the country, according to an announcement. Through the Corporate Venture Launchpad (CVL) programme, EDB’s New Ventures team will work, together with nine appointed partners, with selected companies to innovate in growth areas.… Continue reading SG’s EDB commits $25m in third edition of corporate venture programmeCVL 3.0 will continue to support companies to diversify business opportunities.
Indian growth-stage VC 108 Capital on the road to raise debut fund“The firm has received soft commitments from domestic family offices and institution…
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Hillhouse to buy Dulwich schools in Asia for around $600m: reportChinese PE firm CPE will sell its shares in Dulwich as part of the deal, sources told…
Hillhouse Investment has struck a deal to acquire Dulwich College International schools in Asia from their owners in a deal that could fetch around $600 million, two sources with knowledge of the matter said. The investment firm founded by China-born dealmaker Zhang Lei has emerged as the final bidder for the schools and reached an… Continue reading Hillhouse to buy Dulwich schools in Asia for around $600m: reportChinese PE firm CPE will sell its shares in Dulwich as part of the deal, sources told…
Motilal Oswal takes minority stake in India’s Lal Sweets for $39mThe firm claims to have been bootstrapped and profitable since its inception.
Motilal Oswal Investment Advisors (Mo Alts) on Wednesday said it has invested Rs 330 crore ($39.3 million) for a minority stake in Lal Sweets, known for Indian sweets such as ‘Mysore pak’ and ‘kaju katli’. Started in 2010, the Bangalore-based Lal Sweets has its products available across 4,000 modern trade outlets, 7,000 general trade outlets,… Continue reading Motilal Oswal takes minority stake in India’s Lal Sweets for $39mThe firm claims to have been bootstrapped and profitable since its inception.
DiDi to become 2nd-largest shareholder in state-backed NavInfo’s unitDiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of A…
Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday. DiDi Smart Transportation Technology will make up 87% of AutoAi’s plan to boost its registered capital by 27.45 million yuan ($3.85 million),… Continue reading DiDi to become 2nd-largest shareholder in state-backed NavInfo’s unitDiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of A…
Singapore’s Mandala Capital exits Indian food testing firm EFRACEFRAC has been acquired by QIMA.
Mandala Capital, a food- and agri-focused private equity firm, has fully exited its investment in Edward Food Research and Analysis Centre (EFRAC), one of India’s top food laboratory testing companies. The exit comes as QIMA, a global testing, inspection, and certification (TIC) player, acquired EFRAC for an undisclosed amount, per the announcement. Singapore’s Mandala Capital… Continue reading Singapore’s Mandala Capital exits Indian food testing firm EFRACEFRAC has been acquired by QIMA.
China’s Yuexiu Capital, Chint Anneng to jointly build $210m industry fundThis is the second fund jointly established by Yuexiu Capital and Chint Annen…
Guangzhou Yuexiu Capital Holdings Group, a publicly-listed Chinese financial conglomerate with 194.2 billion yuan ($27.2 billion) in total assets, has teamed up with a domestic smart energy firm for the launch of a 1.5-billion-yuan ($210.4 million) fund. Yuexiu Capital, through three holding subsidiaries, bankrolled the new fund along with a subsidiary of Chinese residential renewable… Continue reading China’s Yuexiu Capital, Chint Anneng to jointly build $210m industry fundThis is the second fund jointly established by Yuexiu Capital and Chint Annen…
India’s NSE applies for no-objection with markets regulator for public offerIf approved, it could be one of the largest IPOs in the country.
The National Stock Exchange of India (NSE) on Tuesday restarted the process of its long-pending public offer, according to two sources with direct knowledge of the matter, which, if approved, could be one of the largest IPOs in the country. The exchange has reapplied for a “no-objection” with Securities and Exchange Board of India (SEBI)… Continue reading India’s NSE applies for no-objection with markets regulator for public offerIf approved, it could be one of the largest IPOs in the country.
What’s next for SE Asia’s unicorn listings as tech giants face post-IPO realities?Several tech giants have shed up to 90% of their market value from t…
Initial public offerings have long been a coveted exit route for Southeast Asian unicorns and soonicorns. However, completing a public market listing—and finding success as a listed company—is no walk in the park, as many tech giants from the region have now realised. Go to Source