State Fuel Cell Technology Corporation (SFCC), a Chinese developer of hydrogen fuel cell vehicles, has reached a post-money valuation of 13 billion yuan ($1.9 billion) after the completion of its Series B funding round at 4.5 billion yuan ($647.6 million). The investment saw SFCC become the first unicorn incubated by State Power Investment Corporation Limited… Continue reading Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…
Author: Deal Street Asia Online News
Nexus leads $12.5m funding in Uniqus Consultech and other India deals
Uniqus Consultech Inc., a tech-enabled global platform that offers ESG and accounting and reporting consulting, Thursday launched formal operations and announced raising $12.5 million in its Series A funding round for a minority stake sale. Nexus Venture Partners, which has also backed prominent Indian startups including Delhivery, Postman, Zepto, Turtlemint and others, led the funding… Continue reading Nexus leads $12.5m funding in Uniqus Consultech and other India deals
Chinese semiconductor firm ESWIN Material bags $576m in Series C round
Xi’an ESWIN Material, the integrated circuit (IC) and solutions unit of Beijing ESWIN Technology Group, has secured 4 billion yuan ($575.7 million) in a Series C round led by CNBM New Materials Fund, making it the largest ever funding round raised by a semiconductor firm. CNBM New Materials Fund is a 20-billion-yuan ($2.8 billion) new… Continue reading Chinese semiconductor firm ESWIN Material bags $576m in Series C round
Temasek’s PSA weighs multi-billion dollar exit from Hutchison Ports
Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings, two sources familiar with the matter told Reuters. PSA, the world’s second-biggest container terminal operator, whose global network encompasses 160 locations in 42 countries, had acquired the stake… Continue reading Temasek’s PSA weighs multi-billion dollar exit from Hutchison Ports
Asia Digest: US-based Hines forays into Japan multifamily sector; Canada’s Northleaf sets up Tokyo office
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
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