Global real estate investor Hines has made its first investment in Japan’s multifamily sector, while Toronto-based private equity firm Northleaf has opened a new office in Tokyo. Hines buys 11 rental residential assets in Japan US real estate developer Hines has acquired 11 multifamily assets in Japan for its flagship pan-Asian fund Hines Asia Property… Continue reading Asia Digest: US-based Hines forays into Japan multifamily sector; Canada’s Northleaf sets up Tokyo office
Author: Deal Street Asia Online News
Indonesian state-owned lender BNI issues NCDs worth $192m in rupiah, USDIt is the first Indonesian lender to have issued NCDs in US currency for local…
Indonesian state-owned lender PT Bank Negara Indonesia (BNI) has issued negotiable certificates of deposit (NCDs) worth 3 trillion rupiah ($192 million) to support loan disbursements. According to a statement on Friday, the NCD consists of two parts — in local currency worth 2.5 trillion rupiah offered in three series and carrying an interest rate of… Continue reading Indonesian state-owned lender BNI issues NCDs worth $192m in rupiah, USDIt is the first Indonesian lender to have issued NCDs in US currency for local…
Asia-focused SPAC AlphaTime Acquisition files for $60m US IPO
AlphaTime Acquisition, a special purpose acquisition company (SPAC) targeting businesses in Asia, has filed with the US Securities and Exchange Commission (SEC) to raise up to $60 million in an initial public offering (IPO). The blank cheque company, led by executives of Guowangxin (Shenzhen) Investment and Revere Securities, is offering 6 million units at $10… Continue reading Asia-focused SPAC AlphaTime Acquisition files for $60m US IPO
Walmart-backed Indian digital payments firm PhonePe looks to raise $1bGeneral Atlantic, Tiger Global, QIA and Microsoft may invest, Bloomberg reported…
Indian digital payments firm PhonePe is seeking to raise up to $1 billion from General Atlantic, Tiger Global Management, Qatar Investment Authority and Microsoft Corp, Bloomberg News reported on Thursday, citing sources. The all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe‘s valuation close to $13 billion, according to the report.… Continue reading Walmart-backed Indian digital payments firm PhonePe looks to raise $1bGeneral Atlantic, Tiger Global, QIA and Microsoft may invest, Bloomberg reported…
Paytm’s parent to consider share buyback in board meeting next weekThe Indian payments giant’s shares are trading 75% lower than its stock market debu…
India’s Paytm said on Thursday it was considering repurchasing its own shares, without specifying details, at a time when the digital payments giant’s shares are trading 75% lower than its stock market debut last year. Paytm’s parent company, One97 Communications, said its board is set to meet on Dec. 13 to consider the buyback proposal.… Continue reading Paytm’s parent to consider share buyback in board meeting next weekThe Indian payments giant’s shares are trading 75% lower than its stock market debu…
HUL to acquire 100% in OZiva, buys 19.8% stake in Wellbeing Nutrition
India’s largest consumer goods maker Hindustan Unilever (HUL) has made investments in nutrition brands Zywie Ventures (OZiva) and Wellbeing Nutrition, making its entry into the growing health and wellness market in India. In a regulatory filing, HUL said it has acquired 51% of Zywie Ventures (OZiva) for $32 million (Rs 264.28 crore) and will acquire the… Continue reading HUL to acquire 100% in OZiva, buys 19.8% stake in Wellbeing Nutrition
India Digest: Uniqus Consultech raises $12.5m; Uolo raises $22.5mUolo’s funding came through an equity-debt mix Series A round.
Uniqus Consultech has raised $12.5 million in a Series A fundraise, while edtech platform Uolo has raised $22.5 million in a funding round led by the UAE-headquartered Winter Capital. Nexus Venture Partners backs Uniqus Uniqus Consultech Inc, a tech-enabled global platform that offers ESG and accounting advisory services, has raised $12.5 million in a Series… Continue reading India Digest: Uniqus Consultech raises $12.5m; Uolo raises $22.5mUolo’s funding came through an equity-debt mix Series A round.
We Founder Circle launches two new funds targeting early-stage startups
India’s We Founder Circle (WFC), a founders-led startup investment platform, on Thursday, launched a fund to invest in early-stage startups in India. The vehicle will have a corpus of Rs 200 crore (over $24 million), and a green shoe option to raise an additional Rs 200 crore. Separately, the firm has also launched a $30 million… Continue reading We Founder Circle launches two new funds targeting early-stage startups
GoTo harps on growth, profitability but fails to talk up stock
Indonesian technology giant GoTo’s stock price continued its downhill journey despite the company reiterating its focus on growth and profitability at a public conference on Thursday. According to Indonesian Stock Exchange (IDX) data, GoTo’s stock closed at 100 rupiah apiece on Thursday, down 6.54% from 107 rupiah apiece on Wednesday. The stock has been on… Continue reading GoTo harps on growth, profitability but fails to talk up stock
Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg
The valuation of Australian e-commerce tech startup Rokt has risen to $2.4 billion following a secondary funding round led by investment firm Square Peg and asset manager Wellington, it said in a press release. Rokt will deploy the fresh funds for its growth initiatives as it considers plans to take the company public. The latest… Continue reading Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg