South Korea’s largest private equity firm Hahn & Co surpassed its target to hit the final close of its fourth flagship at $3.4 billion, marking the biggest fund in Asia targeting one country this year, according to a Bloomberg article posted on the firm’s website. Hahn & Co fund, which had targeted to raise $3.2… Continue reading S Korea’s biggest PE firm Hahn & Co closes fourth fund at $3.4b, exceeds targetLast year, Hahn & Co raised a debut won fund to invest alongside the fo…
Author: Deal Street Asia Online News
China increases scrutiny of Big Four audit firms after Evergrande probe: report
China’s Ministry of Finance is conducting more rigorous checks of work done by the Big Four auditing firms for local companies, three people with knowledge of the matter said, amid concerns auditors are not doing enough to uncover corporate wrongdoing. The tighter scrutiny, which has not been previously reported, is mainly focused on Deloitte, EY, PwC, KPMG and… Continue reading China increases scrutiny of Big Four audit firms after Evergrande probe: report
Microsoft ditches board observer seat at OpenAI amid regulatory scrutiny
Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. Apple, which last month announced bringing OpenAI‘s chatbot ChatGPT to its devices, would not take the observer role on OpenAI‘s board… Continue reading Microsoft ditches board observer seat at OpenAI amid regulatory scrutiny
Beijing city eyes more investments from Saudi sovereign wealth fund PIF
The mayor of Beijing has told the governor of Saudi Arabia’s sovereign wealth fund he hoped the fund would further expand its business in the Chinese capital, state media said on Wednesday. Beijing’s diplomatic push to court US ally Saudi Arabia comes amid its frustration over what it sees as Washington’s weaponisation of economic policies, nudging it to expand ties with countries in Europe, the… Continue reading Beijing city eyes more investments from Saudi sovereign wealth fund PIF
Vietnam raises $240m through auction of govt bondsThe amount is lower than the $451.5 million raised last week, a bourse filing showed.
Vietnam’s State Treasury raised 6.1 trillion dong ($240 million) in an auction where it had offered 12 trillion dong of government bonds at the Hanoi Stock Exchange on Wednesday. The amount is lower than the $451.5 million raised last week, a bourse filing showed. The uptake was also lower, with 51% of the offer sold,… Continue reading Vietnam raises $240m through auction of govt bondsThe amount is lower than the $451.5 million raised last week, a bourse filing showed.
Saudi Arabia raises $12.35b from Aramco share sale after increasing offer
Saudi Arabia raised a total of $12.35 billion from selling more shares in Aramco after increasing the offering in the world’s most valuable oil company, a document seen by Reuters showed. The success of the share sale and additional proceeds will help further fuel Saudi Arabia’s ambitions to invest in new industries and wean its… Continue reading Saudi Arabia raises $12.35b from Aramco share sale after increasing offer
Zhipu AI invests in SiliconFlow and 42 other Greater China deals worth over $360m
URTOPIA Shenzhen 10 A Guangyuan Hesheng Fund, Easy Click Worldwide Network Technology, Tongxiang City Jintong Fund Kongho Fund, Brizan Ventures, DCM Ventures, Gao Bingqiang (Individual Investor) Consumer Products Micro-Mobility MoonBiotech Guangzhou 41.3 C+ SDIC JULI (affiliated with State Development and Investment Group) Biotech Biotech MingCeler Guangzhou Pre-A Guangzhou Finance Holdings Group Biotech Biotech Senboelec Suzhou… Continue reading Zhipu AI invests in SiliconFlow and 42 other Greater China deals worth over $360m
Korea’s Atinum Investment to sharpen SE Asia focus following close of $624m fund
Go to Source
Asia Digest: WeBank sets up tech HQ in Hong Kong; Fave gets MAS nod for MPI licence
WeBank, a digital bank founded in Shenzhen, has established its technology company headquarters in Hong Kong while Fave Singapore announced that it has received an in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution (MPI) Licence. WeBank to establish technology company headquarters in HK WeBank, a digital bank founded in Shenzhen,… Continue reading Asia Digest: WeBank sets up tech HQ in Hong Kong; Fave gets MAS nod for MPI licence
India’s Emcure Pharma jumps 35% in debut trade at $223m valuationBain Capital-backed Emcure is the first drugmaker to go public in 2024.
Indian drugmaker Emcure Pharmaceuticals’ shares rose 34.9% in debut trade on Wednesday, beating analysts’ estimates and valuing the company at 18.64 billion rupees ($223.3 million), as its strong presence in women’s healthcare and HIV treatments drew investors. In an IPO market where over 100 companies raised more than $4.6 billion so far this year, Bain Capital-backed Emcure is the first drugmaker to go public in 2024.… Continue reading India’s Emcure Pharma jumps 35% in debut trade at $223m valuationBain Capital-backed Emcure is the first drugmaker to go public in 2024.