Author: Deal Street Asia Online News

Hong Kong marks busiest IPO week in nearly two years, riding on China stimulusBankers and lawyers think China’s recent policy stimulus has opened the …

Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing. Bankers and lawyers think China’s recent policy stimulus has opened the way for new IPOs but warned those… Continue reading Hong Kong marks busiest IPO week in nearly two years, riding on China stimulusBankers and lawyers think China’s recent policy stimulus has opened the …

China stocks rise after central bank speeds up stimulus measuresA slew of mixed economic data kept up pressure on policymakers for more stimulus.

Chinese stocks rose on Friday after the central bank urged swift adoption of financial policies to support capital markets and flagged more rate cuts, but a slew of mixed economic data kept up pressure on policymakers for more stimulus. After a morning of choppy action, the blue-chip CSI300 Index .CSI300 was up 0.63%, while the… Continue reading China stocks rise after central bank speeds up stimulus measuresA slew of mixed economic data kept up pressure on policymakers for more stimulus.

Fuji Soft founder supports Bain’s buyout offer over KKR’sBain’s offer values the Japanese company at $4 billion.

Fuji Soft founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S. buyout fund Bain Capital’s takeover bid for the Japanese software developer. Bain made a binding offer on Oct. 11 to buy Fuji Soft for 9,450 yen a share, valuing the Japanese company at $4… Continue reading Fuji Soft founder supports Bain’s buyout offer over KKR’sBain’s offer values the Japanese company at $4 billion.

Top investor group sweetens bid for Australia’s Hotel Property in $506m dealEarlier this month, Hotel Property Investments rejected the previous offer…

Real estate firm Charter Hall and pension fund Hostplus have bumped up their bid for Australia’s Hotel Property Investments, now valuing the pub landlord at A$755.8 million ($506.61 million). Charter Hall Retail REIT, managed by the property investor, and Hostplus have now sweetened the offer to A$3.85 from A$3.65 per Hotel Property share it does… Continue reading Top investor group sweetens bid for Australia’s Hotel Property in $506m dealEarlier this month, Hotel Property Investments rejected the previous offer…

Mitsubishi to acquire 6.5% stake in GCash’s parent Mynt for $320mMitsubishi is acquiring 50% of AC Ventures, which holds 13% stake in Mynt.

Mitsubishi Corporation is acquiring about 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation said it has agreed to sell half of its wholly-owned subsidiary AC Ventures Holdings Corporation (ACV) to Mitsubishi… Continue reading Mitsubishi to acquire 6.5% stake in GCash’s parent Mynt for $320mMitsubishi is acquiring 50% of AC Ventures, which holds 13% stake in Mynt.

Chinese robotaxi firm Pony AI files to list in the USJapan’s Toyota owns a 13.4% stake in Pony AI.

China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the US on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the US Federal Reserve kicking off… Continue reading Chinese robotaxi firm Pony AI files to list in the USJapan’s Toyota owns a 13.4% stake in Pony AI.

Tiger Global-backed Mensa Brands to shift domicile to India ahead of IPOMensa Brands became a unicorn in 2021, just six months after launching operati…

Tiger Global-backed Mensa Brands, which acquires fashion, home, and personal care labels, is in the process of shifting its domicile from Singapore to India, joining a host of companies that have either relocated or are in the process of relocating to the South Asian country, DealStreetAsia has learnt. Go to Source

Silver Lake, GIC to take billing software firm Zuora private in $1.7b dealThe transaction is expected to close in Q1 2025.

Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading. Silver Lake and GIC will acquire all outstanding shares of Zuora‘s common stock at $10 apiece in cash, which… Continue reading Silver Lake, GIC to take billing software firm Zuora private in $1.7b dealThe transaction is expected to close in Q1 2025.