BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among investors that have bid to buy Hyundai Motor India Ltd shares in its $3.3 billion initial public offering next week, Bloomberg reported on Friday, citing people familiar with the matter. The report added that Baillie Gifford and FMR are also looking to… Continue reading BlackRock, GIC to invest in Hyundai Motor India’s $3.3b IPO: ReportBaillie Gifford and FMR are also looking to participate in the IPO.
Author: Deal Street Asia Online News
Japan payments company Infcurion planning IPO in 2025Infcurion recently secured backing from Sumitomo Mitsui Financial Group.
Japanese payments company Infcurion is planning an initial public offering in Tokyo in 2025 as the company looks to accelerate its growth including through mergers and acquisitions, its executives told Reuters. Last month Infcurion said it secured backing from Sumitomo Mitsui Financial Group. The roughly 8 billion yen ($53.8 million) investment gives the company a… Continue reading Japan payments company Infcurion planning IPO in 2025Infcurion recently secured backing from Sumitomo Mitsui Financial Group.
Oman’s sovereign wealth fund commits to funds of ewpartners, IDG CapitalOman Future Fund has launched ewpartners-Oman Fund and the IDG Oman Investment…
The Oman Future Fund, a 2 billion Omani rials ($5.2 billion) investment fund run by the Oman Investment Authority, has partnered with IDG Capital, and ewpartners to set up funds to backroll strategic industries and advance the local economy of the Gulf state. The Oman Future Fund made its first batch of investment projects in… Continue reading Oman’s sovereign wealth fund commits to funds of ewpartners, IDG CapitalOman Future Fund has launched ewpartners-Oman Fund and the IDG Oman Investment…
TikTok cuts several jobs, including in Malaysia, in shift towards AI content moderationThe employees were involved in the firm’s content moderation op…
Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday, as it shifts focus towards a greater use of AI in content moderation. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were… Continue reading TikTok cuts several jobs, including in Malaysia, in shift towards AI content moderationThe employees were involved in the firm’s content moderation op…
VC firm Cactus Partners sees exit opportunities amid India’s IPO rush“I think a third of our portfolio has the potential to go for an IPO.”
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China Digest: KHAT, Huaqiu Electronics secure funds; HighLight Capital backs ITMAuto parts maker KHAT has bagged over $63m.
Auto parts maker KHAT has bagged over $63 million in a Series D1 round, while Huaqiu Electronics has raised almost $44 million. In a separate development, HighLight Capital has invested in German radiopharmaceutical firm ITM. Auto parts maker KHAT bags over $63m KH Automotive Technologies, also known as KHAT, which produces air suspension systems for… Continue reading China Digest: KHAT, Huaqiu Electronics secure funds; HighLight Capital backs ITMAuto parts maker KHAT has bagged over $63m.
SEA Digest: OpenAI opens SG office; TransTRACK reported to be in talks to buy ID firmOpenAI opened its first Asian office in Japan in April.
OpenAI, the operator of ChatGPT, will open its second office in Asia in Singapore, while TransTRACK, an Indonesian fleet tracking startup, is in talks to acquire a majority stake in a local port and fleet management firm, TechInAsia reported on Thursday (Oct. 10). OpenAI opens Singapore office OpenAI, the operator of ChatGPT, will open its… Continue reading SEA Digest: OpenAI opens SG office; TransTRACK reported to be in talks to buy ID firmOpenAI opened its first Asian office in Japan in April.
SG-based thermal sensors provider Meridian Innovation raises $12.5m in fundingMoveon, TCVC, and Hong Kong Science and Technology Parks Corporation are…
Singapore-based thermal imaging sensors maker Meridian Innovation has raised $12.5 million in a new funding round, per an announcement. New investors, including Hong Kong Science and Technology Parks Corporation (HKSTP), Taiwan Cooperating Venture Capital (TCVC), and Moveon, backed the round. Return backers SEEDS Capital, Creative Technology Ltd, and PlanetSpark also participated. The proceeds will enable… Continue reading SG-based thermal sensors provider Meridian Innovation raises $12.5m in fundingMoveon, TCVC, and Hong Kong Science and Technology Parks Corporation are…
Emtek picks up another 9.54% direct stake in Bukalapak for $75mEmtek now holds a 10.36% direct stake in Bukalapak and another 24.62% through its arm.
Indonesian conglomerate PT Elang Mahkota Teknologi Tbk (Emtek) has increased its stake in e-commerce giant PT Bukalapak.com Tbk. According to a disclosure on the Indonesia Stock Exchange (IDX), Emtek bought an additional 9.54% stake in Bukalapak, raising its total ownership to 10.36%. The company purchased the shares at 120 rupiah per share, translating to a… Continue reading Emtek picks up another 9.54% direct stake in Bukalapak for $75mEmtek now holds a 10.36% direct stake in Bukalapak and another 24.62% through its arm.
India’s new rules may encourage more home listings by foreign-domiciled startupsForeign-based firms no longer need a nod for a “reverse flip” merger w…
India’s scrapping of a time-consuming compliance step will accelerate the pace at which Indian startups domiciled abroad shift back home to participate in the country’s listing boom, according to bankers, lawyers and investors. Since last month, foreign-based companies no longer require approval from the backlogged National Company Law Tribunal for a so-called “reverse flip” merger… Continue reading India’s new rules may encourage more home listings by foreign-domiciled startupsForeign-based firms no longer need a nod for a “reverse flip” merger w…