PLDT, the Philippines’ largest telecom company, has signed a deal to sell another 650 cellular towers to independent tower firm Unity Digital Infrastructure (Unity) for 9.2 billion pesos (about $165 million), according to a disclosure. The agreement, signed by PLDT’s subsidiaries Smart Communications and Digital Mobile Phils, will also see Smart leasing back the towers… Continue reading PLDT sells another 650 telco towers to Partners Group-backed Unity
Author: Deal Street Asia Online News
BluSmart Mobility may close Series B funding round at $200m or lessThe Indian EV ride-hailer raised a total of %50.7m in Series A funding.
Indian electric vehicle (EV) ride-hailing platform BluSmart Mobility could close its Series B funding round at $200 million or less this month, said investors who were approached by the startup for funding but did not want to be named. In May this year, BluSmart Mobility Pvt Ltd, which operates the ride-hailing platform BluSmart, raised $25… Continue reading BluSmart Mobility may close Series B funding round at $200m or lessThe Indian EV ride-hailer raised a total of %50.7m in Series A funding.
Buyout firm Bain Capital files to raise fifth Asia-Pacific fundThe firm close Fund IV with $4.65 billion in December 2018.
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Biden blacklists China’s YMTC, crackdowns on AI chip sector
The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could divert American technology to previously… Continue reading Biden blacklists China’s YMTC, crackdowns on AI chip sector
Chinese firms avert delisting as US audit watchdog gets full inspection access
The U.S. accounting watchdog on Thursday said it has gotten full access to inspect and investigate firms in China for the first time ever, removing the risk that around 200 Chinese companies could be kicked off U.S. stock exchanges. The statement from the Public Company Accounting Oversight Board marks a victory for U.S. regulators and… Continue reading Chinese firms avert delisting as US audit watchdog gets full inspection access
IPO market freeze sparks 80% drop in Nasdaq listings
Equity listings on the Nasdaq fell about 80% this year, as the appetite for new issues took a hit from extreme volatility in the stock market, sparked by the Federal Reserve’s war on inflation. A total of 156 companies listed their shares on the bourse this year, raising nearly $15 billion in initial public offerings,… Continue reading IPO market freeze sparks 80% drop in Nasdaq listings
Hong Kong retail shareholders revive HSBC spin-off call
A group of HSBC’s Hong Kong-based retail investors are seeking support to demand the bank restore its pre-pandemic dividend and set a plan to spin off assets. HSBC “underperforms its peers, violates dividend commitments (and) ignores shareholders’ interests,” Ken Lui, convener of the group , said in a Thursday newspaper advertisement. London-headquartered HSBC, which is… Continue reading Hong Kong retail shareholders revive HSBC spin-off call
Blackstone said to be weighing exit options for Japan-based Ayumi PharmaceuticalThe specialty pharmaceutical company is reportedly worth at least $1b.
US private equity (PE) giant Blackstone is understood to be exploring exit options for Japan-based Ayumi Pharmaceutical Corp, in a deal that could value the specialty pharmaceutical company at at least $1 billion. Bloomberg was the first to report the development, saying Blackstone was working with potential advisers on options including an initial public offering… Continue reading Blackstone said to be weighing exit options for Japan-based Ayumi PharmaceuticalThe specialty pharmaceutical company is reportedly worth at least $1b.
Musk cashes out another $3.6b in Tesla stockMusk unloaded 22 million shares in Tesla over three days.
Tesla boss Elon Musk disclosed another $3.6 billion in stock sales on Wednesday, taking his total near $40 billion this year and frustrating investors as the company’s shares wallow at two-year lows. A U.S securities filing showed he unloaded 22 million shares in the world’s most valuable carmaker over three days from Monday to Wednesday.… Continue reading Musk cashes out another $3.6b in Tesla stockMusk unloaded 22 million shares in Tesla over three days.
E-commerce site builder Plugo raises $9m and other SE Asia deals
Plugo, a Jakarta-based e-commerce website builder, has announced raising $9 million in a Series A funding round anchored by Altos Ventures. The round, which comes ahead of the company’s planned public launch in 2023, was also participated by BonAngels Venture Partner, Access Ventures, Mahanusa Capital, Prodigy Investment, and Pearl Abyss Capital, according to the announcement.… Continue reading E-commerce site builder Plugo raises $9m and other SE Asia deals