Chinese property developer Country Garden Holdings said on Tuesday it plans to sell HK$3.92 billion ($500 million) worth of shares in a share placement, raising capital to refinance existing offshore indebtedness and for general working capital. The Guangdong-based company plans to sell 1.463 billion shares, representing 5.66% of the enlarged share capital, to third-party investors at HK$2.68 apiece, it said in a filing to the Hong Kong bourse. The issue price represents a… Continue reading China’s Country Garden plans $500m share placement
Author: Deal Street Asia Online News
Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Singapore-headquartered online payment company Red Dot Payment allotted shares worth $4 million to its biggest shareholder PayU, the fintech arm of Naspers, last week. The latest investment follows a similar capital injection in March this year by PayU, which now holds an over 73% stake in the startup. Red Dot shares were priced 35.2% lower… Continue reading Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Tiger Global picked up Microsoft, Block, Uber shares in Q3The hedge fund cut stakes in most of its portfolio in the second quarter amid losses.
Investment firm Tiger Global Management raised its stake in tech giant Microsoft Corp, Jack Dorsey’s payments firm Block Inc and Uber Technologies Inc last quarter, a regulatory filing released on Monday showed. The hedge fund cut stakes in most of its portfolio in the second quarter amid losses. The tech-focused investor had logged losses earlier this year as the Federal Reserve’s monetary policy tightening and surging inflation… Continue reading Tiger Global picked up Microsoft, Block, Uber shares in Q3The hedge fund cut stakes in most of its portfolio in the second quarter amid losses.
Singapore’s GIC makes $4b splash on APAC real estate in 2022It has been the largest buyer and third-largest seller in the region so far.
Singapore’s sovereign wealth fund GIC has become APAC’s top real estate spender this year, with $4 billion of investments so far. Chinese e-commerce major JD.com stood a distant second with $3 billion worth of property deals in the region year-to-date, according to data from the MSCI Real Capital Analytics (RCA). China’s state-owned CITIC Group ranked… Continue reading Singapore’s GIC makes $4b splash on APAC real estate in 2022It has been the largest buyer and third-largest seller in the region so far.
SG private exchange ADDX secures $20m from KB Securities in upsized pre-Series B
Singapore-based private exchange ADDX has raised an extension of $20 million to its pre-Series B funding round led by KB Securities, a South Korean investment bank under KB Financial Group. With the total funds raised amounting to around $140 million, the startup plans to deploy its fresh fundings to develop ADDX advantage, its wealth management… Continue reading SG private exchange ADDX secures $20m from KB Securities in upsized pre-Series B
Australia’s Nitro Software backs KKR-owned Alludo’s $335m takeover offer
Australia’s Nitro Software said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc’s Alludo to be “superior” to an earlier bid from major shareholder Potentia Capital Management. In late October, the company took on an offer from Alludo at A$2.00 per share, which it said was an 11% premium to tech-focused private equity firm Potentia’s offer of A$1.80 per share. Nitro in a statement said… Continue reading Australia’s Nitro Software backs KKR-owned Alludo’s $335m takeover offer
TPG said to have appointed SE Asia co-head to tap region’s increasing opportunities
TPG Capital Asia is understood to be strengthening its investment activity in the region as its partner, Dominic Picone, has recently taken on an additional role as co-head of Southeast Asia, DealStreetAsia has learnt. The appointment comes at a time of continued growth in investment opportunities in Southeast Asia, said a source privy to the… Continue reading TPG said to have appointed SE Asia co-head to tap region’s increasing opportunities
New omnibus bill proposes broad changes to Indonesia’s financial sector
Indonesia’s new omnibus bill, which seeks to provide an updated regulatory framework for the financial services sector, has been met with concerns and critical observations from the players in the industry due to the changes it proposes. The bill covers all segments of financial services including banking, capital markets, insurance, financing companies, venture capital, pension… Continue reading New omnibus bill proposes broad changes to Indonesia’s financial sector
DFC invests $9m in EV startup Yulu and India deals worth $104mYulu last raised $82m in a Series B round led by Magna International in September.
Shared electric mobility-as-a-service (MaaS) startup Yulu has secured a loan worth $9 million (Rs 73 crore) from the US International Development Finance Corporation (DFC), it announced on Monday. The funds will help Yulu move closer to its vision of enabling green last-mile mobility for people movement and goods deliveries, it said in a statement. Go… Continue reading DFC invests $9m in EV startup Yulu and India deals worth $104mYulu last raised $82m in a Series B round led by Magna International in September.
India Resurgence Fund invests $68m in restaurant-operator ImpresarioImpresario received an investment from L Catterton in 2017.
India Resurgence Fund (IndiaRF), an India-focused investment platform promoted by Piramal Enterprises Limited and Bain Capital, on Monday announced that it has invested about $68 million (Rs550 crores) in Impresario Entertainment and Hospitality Private Limited. Following the transaction, IndiaRF has become the majority shareholder of Impresario, it said in a statement. The fresh capital will… Continue reading India Resurgence Fund invests $68m in restaurant-operator ImpresarioImpresario received an investment from L Catterton in 2017.