Author: Deal Street Asia Online News

Ares agrees to buy GLP Capital’s operations outside China: reportLast month, Bloomberg reported the deal may include an upfront payment of roughly $3….

Investment firm Ares Management has agreed to acquire asset manager GLP Capital Partners’ operations outside of China, Bloomberg News reported on Monday, citing people familiar with the matter. Ares and GLP Capital are set to announce a deal as soon as Tuesday, the report said. Last month, Bloomberg News reported that the deal might include an upfront payment… Continue reading Ares agrees to buy GLP Capital’s operations outside China: reportLast month, Bloomberg reported the deal may include an upfront payment of roughly $3….

WuXi AppTec to raise $500m in convertible bond sale as US restrictions loomWuxi Apptec said the proceeds would be used to fund its global expansion an…

China’s WuXi AppTec will raise $500 million in a convertible bond sale, according to a regulatory filing on Tuesday, a month after the U.S. passed rules to restrict business with the firm on national security grounds. Wuxi Apptec said the proceeds raised in the deal would be used to fund the Shanghai-headquartered biotech company’s global… Continue reading WuXi AppTec to raise $500m in convertible bond sale as US restrictions loomWuxi Apptec said the proceeds would be used to fund its global expansion an…

Tokyo Metro looks to raise up to $2.4b in largest Japan IPO in six yearsThe subway operator is owned by the Tokyo and national governments.

Tokyo Metro has set a price range for an initial public offering at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on Monday. At the top of the range, Tokyo Metro, one of two subway operators in Japan’s capital, would raise 349 billion yen ($2.35 billion)… Continue reading Tokyo Metro looks to raise up to $2.4b in largest Japan IPO in six yearsThe subway operator is owned by the Tokyo and national governments.

Diversity is the ‘smart thing to do’: The Radical Fund’s Alina TruhinaDiversity considerations must not be limited to gender, Truhina says. 

Venture capital (VC) has long remained a male bastion. A recent report by DealStreetAsia found that only about 18% of investment decision-makers at Southeast Asia-headquartered venture investors are women. That figure has remained relatively unchanged since 2023 (17.4%). “My concern is that many still view diversity as the morally “right thing to do” rather than… Continue reading Diversity is the ‘smart thing to do’: The Radical Fund’s Alina TruhinaDiversity considerations must not be limited to gender, Truhina says. 

China ADR short sellers likely lost nearly $7b amid stimulus-stoked rallyMark-to-market losses on Alibaba alone were over $2.3 billion.

Investors betting against US-listed shares of Chinese companies likely incurred steep losses during the last two weeks of September, as optimism around wide ranging economic stimulus measures sparked a sharp rally, according to data from S3 Partners. China-focused stocks and exchange traded funds have been on an explosive run since the country’s central bank kicked off aggressive stimulus efforts on Sept. 24, with several… Continue reading China ADR short sellers likely lost nearly $7b amid stimulus-stoked rallyMark-to-market losses on Alibaba alone were over $2.3 billion.

Chinese logistics firm BingEx valued at nearly $1.2b in US IPOThe IPO bodes well for the broader market which had been depressed for almost two years.

China’s BingEx said on Friday it had raised $66 million in its U.S. initial public offering valuing the courier delivery firm at $1.17 billion, signaling a recovery in investors’ risk appetite and easing regulatory hurdles. The company, which brands its services as FlashEx, sold 4 million American depositary shares (ADS) in the offering priced at $16.50 each. It had aimed to sell… Continue reading Chinese logistics firm BingEx valued at nearly $1.2b in US IPOThe IPO bodes well for the broader market which had been depressed for almost two years.

KBank becomes the first Thai lender to tap into China’s PE marketKasikorn Vision Shanghai will target investments in high-growth potential companies i…

Kasikornbank (KBank), Thailand’s second-biggest lender, recently completed the registration of its private equity (PE) fund management unit with the Asset Management Association of China (AMAC), which oversees the country’s fund industry. The registration of Kasikorn Vision Shanghai makes KBank the first Thai lender authorised by the AMAC to raise PE and VC investments as well… Continue reading KBank becomes the first Thai lender to tap into China’s PE marketKasikorn Vision Shanghai will target investments in high-growth potential companies i…