Author: Deal Street Asia Online News

China-listed chip foundry Nexchip ropes in external investors for subsidiary’s $1.36b dealWanxin, which has yet to generate any revenue, booked a net …

Shanghai-listed Chinese semiconductor foundry business Nexchip is roping in external investors to inject 9.55 billion yuan ($1.36 billion) into its wholly-owned subsidiary to expand chip production facilities. External investors, such as ABC Financial Asset Investment and Gongrong Jintou (Beijing) Emerging Industry Equity Investment Fund, will invest 5.4 billion yuan ($766.4 million) in Hefei Wanxin Integrated… Continue reading China-listed chip foundry Nexchip ropes in external investors for subsidiary’s $1.36b dealWanxin, which has yet to generate any revenue, booked a net …

ADB to invest $25m in Vivriti Capital’s climate bond issueThe bond proceeds will be used to enhance access to climate finance for financially underser…

The Asian Development Bank (ADB) said it will invest $25 million in a certified climate bond issue by mid-market lender Vivriti Capital, according to a press release. The proceeds of the bond issue will be used to provide finance for companies engaged in sectors including electric vehicles, solar and wind energy, and waste management. The… Continue reading ADB to invest $25m in Vivriti Capital’s climate bond issueThe bond proceeds will be used to enhance access to climate finance for financially underser…

US development bank DFC approves $326m commitments in AsiaThis includes a $50m equity investment in AP Moller’s Emerging Markets Infrastructure Fund I…

The US development bank International Development Finance Corporation (DFC) has approved at least $326 million worth of investments in firms based in, or focused on, Asia, including India, in its fiscal year 2024. The deals, which involved debt financing and equity investments, were part of the more than $12 billion in commitments that DFC made… Continue reading US development bank DFC approves $326m commitments in AsiaThis includes a $50m equity investment in AP Moller’s Emerging Markets Infrastructure Fund I…

China Food Investment to list on Nasdaq via $523m SPAC dealThe SPAC, Iron Horse Acquisitions, will buy all of CFI’s equity from its parent Rosy Sea Ho…

China Food Investment (CFI), a health and agricultural biotech enterprise, has agreed to list its shares in the US via a merger with a special purpose acquisition company (SPAC) that values the combined entity at $523 million. The Nasdaq-listed SPAC, Iron Horse Acquisitions, said on Wednesday it will buy all of CFI’s equity from its… Continue reading China Food Investment to list on Nasdaq via $523m SPAC dealThe SPAC, Iron Horse Acquisitions, will buy all of CFI’s equity from its parent Rosy Sea Ho…

SG Digest: ThaiBev revives IPO plan for BeerCo; HomesToLife prices Nasdaq IPOHomesToLife was previously listed on SGX mainboard since 1993.

Thai Beverage is reviving plans to list its beer unit BeerCo, while Singapore-based furniture retailer HomesToLife, which was formerly listed on SGX, is looking to raise $5m in its Nasdaq IPO. ThaiBev revives IPO plan for BeerCo Thai Beverage (ThaiBev) is reviving plans for an initial public offering of its beer unit BeerCo, besides considering… Continue reading SG Digest: ThaiBev revives IPO plan for BeerCo; HomesToLife prices Nasdaq IPOHomesToLife was previously listed on SGX mainboard since 1993.

KKR weighs takeover bid for HK-listed chip maker ASMPT: reportKKR has made a non-binding, preliminary approach to take ASMPT private.

KKR is considering a takeover bid for chip equipment maker ASMPT, Bloomberg News reported on Wednesday, citing people familiar with the matter. Hong Kong-listed ASMPT is valued at HK$39.39 billion ($5.07 billion), according to LSEG data. The US private equity firm has made a non-binding, preliminary approach to take ASMPT private, according to the report.… Continue reading KKR weighs takeover bid for HK-listed chip maker ASMPT: reportKKR has made a non-binding, preliminary approach to take ASMPT private.

Carlyle-backed StandardAero looking to raise $1.44b in IPOStandardAero priced its offering at $24 apiece.

StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, people familiar with the matter said on Tuesday. Scottsdale, Arizona-based StandardAero, which is backed by buyout firm Carlyle, priced its offering at $24 apiece, above its range of $20 to $23, the sources said,… Continue reading Carlyle-backed StandardAero looking to raise $1.44b in IPOStandardAero priced its offering at $24 apiece.