AscenPower, also known as Guangdong Xinyueneng Semiconductor, has snapped 1 billion yuan ($142.4 million) in a Series A funding round co-led by Yuecai Fund, the largest policy-driven state-owned investment platform in China’s Guangdong province. SDIC Venture Capital, the investment management company founded by the state-owned State Development and Investment Corporation (SDIC), also led the funding… Continue reading Chinese silicon carbide chip maker AscenPower pockets over $142m fundingThe Series A round was co-led by Yuecai Fund and SDIC Venture Capital.
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HK’s New World Development suspends trading as CEO to be replacedCEO and Executive Vice Chairman Cheng is set to become non-executive vice chairman.
Hong Kong’s New World Development suspended trading of its shares on Thursday pending an announcement, after reports that CEO Adrian Cheng – the third-generation scion of the firm’s founding family – will be reassigned to a non-executive role. The property developer is due to publish earnings for the year through June at 0830 GMT having flagged its first annual loss in two decades of as much… Continue reading HK’s New World Development suspends trading as CEO to be replacedCEO and Executive Vice Chairman Cheng is set to become non-executive vice chairman.
Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321mFortune Capital and Primavera Capital Group led the startup’s pre-Serie…
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KKR-led consortium to acquire majority stake in Queensland AirportsThe consortium acquired the stake from Macquarie Asset fund, State Super, and Austr…
A consortium led by private equity giant KKR and Australian private investment firm Skip Capital, through its Skip Essential Infrastructure Fund, has agreed to acquire a 74.25% controlling stake in Queensland Airports, according to a statement on Thursday. The consortium acquired the stake from current owners, The Infrastructure Fund, managed by Macquarie Asset Management, State… Continue reading KKR-led consortium to acquire majority stake in Queensland AirportsThe consortium acquired the stake from Macquarie Asset fund, State Super, and Austr…
MBK, Young Poong raise tender offer to $1.7b for Korea Zinc sharesYoung Poong is already Korea Zinc’s largest shareholder, with a 25.4% stake as of en…
Private equity firm MBK Partners and Young Poong raised their tender offer price for shares in top non-ferrous metal smelter Korea Zinc to 750,000 won per share, up from 660,000 won initially, they said in a regulatory filing. The move makes the tender offer now worth as much as 2.3 trillion won ($1.7 billion), according… Continue reading MBK, Young Poong raise tender offer to $1.7b for Korea Zinc sharesYoung Poong is already Korea Zinc’s largest shareholder, with a 25.4% stake as of en…
Global investors bet on multifaceted opportunities in SE AsiaPanellists highlight unique opportunities and challenges in the region.
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India: Mt. K Kapital raises about $60m to invest in real estate projectsThe fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care…
Mt. K Kapital has raised over Rs 500 crore (about $60 million) for its maiden fund from marquee investors such as SBI, ICICI Bank, and Famy Care, besides high networth individuals, per an announcement. A category II AIF registered with the Indian capital market regulator, Mt. K Resi Development Fund has already raked in over… Continue reading India: Mt. K Kapital raises about $60m to invest in real estate projectsThe fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care…
Whatfix raises $125m in Series E round led by Warburg PincusThe round was also participated by existing investor SoftBank Vision Fund 2.
SaaS-based digital adoption solution provider Whatfix on Wednesday said it has raised $125 million in a Series E round of funding led by Warburg Pincus. The round, which also saw participation from existing investor SoftBank Vision Fund 2, will enable Whatfix to expand its category leadership and enhance its integrated product suite through organic growth… Continue reading Whatfix raises $125m in Series E round led by Warburg PincusThe round was also participated by existing investor SoftBank Vision Fund 2.
India: Rigel Capital leads $25m funding in adtech startup AdOnMoThe latest financing follows AdOnMo’s $15m Series B in 2022.
AdOnMo, a digital advertising network, has secured $25 million in a funding round led by Rigel Capital, alongside existing investors, it announced on Wednesday. The latest financing follows AdOnMo’s $15-million Series B in 2022, which saw participation from food delivery giant Zomato. The company will use the fresh capital proceeds to expand its operations to… Continue reading India: Rigel Capital leads $25m funding in adtech startup AdOnMoThe latest financing follows AdOnMo’s $15m Series B in 2022.
Silicon Valley’s Tribe Capital, Oister Global to launch $500m secondary fund in IndiaTribe Capital has been so far investing in India through its thre…
US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India. Together, Tribe Capital and Oister Global will invest $500 million in the next two years. The Indian secondary market has steadily become a… Continue reading Silicon Valley’s Tribe Capital, Oister Global to launch $500m secondary fund in IndiaTribe Capital has been so far investing in India through its thre…