A consortium comprising Malaysia’s sovereign wealth fund Khazanah and BlackRock’s Global Infrastructure Partners that offered to take over Malaysia Airports Holdings said late on Wednesday it had secured an 84.1% stake of the company. The consortium, which includes Malaysia’s Employees Provident Fund and the Abu Dhabi Investment Authority, said it had reached the level as… Continue reading Consortium offering to take over Malaysia Airports secures 84.1% stakeThe consortium is moving towards the 90% threshold to de-list Malaysia Airports.
Author: Deal Street Asia Online News
CATL’s blacklisting by US tests Elon Musk’s China connectionsCATL is a major supplier of batteries to Tesla.
Washington’s addition of CATL to a list of firms it says work with China’s military could put Tesla founder Elon Musk in a tight spot, challenging how he balances his role in the Trump administration with his ties to China. CATL, the world’s largest battery maker, is a major supplier of lithium iron phosphate (LFP) batteries to… Continue reading CATL’s blacklisting by US tests Elon Musk’s China connectionsCATL is a major supplier of batteries to Tesla.
Indonesian culinary marketplace bukaPO raises funding from Bali Investment Club, elea FoundationbukaPO has thrived by enabling over 4,000 home chefs t…
bukaPO, a tech-enabled culinary marketplace based in Bali, Indonesia, has closed its late seed funding round led by angel investment network Bali Investment Club and Switzerland-based elea Foundation for Ethics in Globalization, according to a statement on Wednesday. While the exact investment figure remains undisclosed, the new capital marks a significant milestone, pushing the company… Continue reading Indonesian culinary marketplace bukaPO raises funding from Bali Investment Club, elea FoundationbukaPO has thrived by enabling over 4,000 home chefs t…
Chinese robotics firm Fourier books nearly $109m in Prosperity7-backed Series E roundIn January 2022, Fourier closed a Series D round at $55m led by S…
Chinese general-purpose robotics firm Fourier has raised a new investment to bring the overall funding in its Series E round to almost 800 million yuan ($109.1 million) with support from investors including Prosperity7 Ventures. Shanghai-headquartered Fourier disclosed the scale of its Series E round, its biggest so far, in a WeChat post on Tuesday, after… Continue reading Chinese robotics firm Fourier books nearly $109m in Prosperity7-backed Series E roundIn January 2022, Fourier closed a Series D round at $55m led by S…
Woori Venture Partners invests in SG wireless charging firm XnergyIt previously secured investments from Hyundai Motor Group and Accuron Technologies.
Korean investment firm Woori Venture Partners has invested an undisclosed amount in Singapore-based wireless charging technology developer Xnergy Autonomous Power Technologies (Xnergy), according to an announcement. Founded in 2018, Xnergy is a provider of high-power wireless charging solutions for all autonomous electrified mobility. It previously secured investments from Hyundai Motor Group and Accuron Technologies (a… Continue reading Woori Venture Partners invests in SG wireless charging firm XnergyIt previously secured investments from Hyundai Motor Group and Accuron Technologies.
Indonesia’s IPO market expected to rebound in 2025 despite challengesAt least three IPOs are in the pipeline for the first quarter of this year.
FILE PHOTO: A worker wearing a protective mask cleans the floor near an electronic board displaying the stock market index at the Indonesia Stock Exchange (IDX), as the outbreak of the coronavirus disease (COVID-19) continues, in Jakarta, Indonesia, September 8, 2020. REUTERS/Willy Kurniawan Go to Source
China’s $47b third semiconductor ‘Big Fund’ kickstarts investmentsThe state vehicle has backed two new funds.
China’s third state-backed 344-billion-yuan ($47.5 billion) investment fund, which is aimed at propelling the country’s self-sufficiency in chipmaking, has started investments by backing two new funds amid an intensifying crackdown from the US. The third fund, also known as Big Fund III, has teamed up with SINO-IC Capital — which is the sole fund manager… Continue reading China’s $47b third semiconductor ‘Big Fund’ kickstarts investmentsThe state vehicle has backed two new funds.
Baidu-backed digital health unicorn Weimai closes Series D round, eyes IPO in two yearsCNCB Investment and Choice Capital joined the round.
Go to Source
SEA Digest: Uber-rival Bolt to launch in Vietnam; Honor looks to enter IndonesiaHonor plans to focus on premium handsets.
Go to Source
AdvantEdge founders co-lead funding in Moonrider and other India dealsThe funds will be used for building capabilities in vehicle engineering, softwar…
Moonrider, an electric tractor technology company, Monday said that it has raised a seed round of $2.2 million (Rs 19 crores) co-led by AdvantEdge founders and Micelio Technology Fund, in addition to a clutch of angel investors. The funds raised will be directed towards fostering innovation and building capabilities in vehicle engineering, vehicle software and… Continue reading AdvantEdge founders co-lead funding in Moonrider and other India dealsThe funds will be used for building capabilities in vehicle engineering, softwar…