Fast fashion retailer Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide. Shein, which is preparing for a possible London listing, already sources some clothes… Continue reading Shein pledges to invest $271m in UK and Europe ahead of potential London IPO
Author: Deal Street Asia Online News
Temasek doesn’t rule out fossil fuel investments on road to net zero
Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday, even as it aims to cut portfolio emissions to net zero by 2050. “One of the things we realised when we set this original (net-zero) goal for ourselves, it does… Continue reading Temasek doesn’t rule out fossil fuel investments on road to net zero
India’s Paytm gets government panel nod to invest in payments arm: report
India’s beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment… Continue reading India’s Paytm gets government panel nod to invest in payments arm: report
Indonesian wealth fund INA’s investments doubled in value in 2023
Sovereign wealth fund Indonesia Investment Authority (INA) more than doubled its investments in 2023 despite political and economic uncertainties throughout the year, according to its annual report. The report noted that INA and its co-investors disbursed $1.9 billion in 2023—up 152.6% year-on-year. In 2023, INA made six investments, with a total of nine projects, across… Continue reading Indonesian wealth fund INA’s investments doubled in value in 2023
Chinese NEV operator DST seals Series E+ round, ropes in Malaysia’s TTV as investorThe latest tranche brings DST’s overall Series E round to about $10…
China’s DST has completed its Series E+ round of financing adding Twin Towers Ventures (TTV), the corporate venture capital (CVC) arm of Malaysian state energy giant PETRONAS, to its list of blue-chip shareholders. DST, a provider of intelligent operation solutions for new energy logistics vehicles, announced on Tuesday that it raised this extension round from… Continue reading Chinese NEV operator DST seals Series E+ round, ropes in Malaysia’s TTV as investorThe latest tranche brings DST’s overall Series E round to about $10…
KKR to trim stake in Japanese chip tool maker Kokusai Electric: report
Private equity firm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker. KKR, which holds around 43% of Kokusai’s shares, plans to sell about half of its stake to investors, one of the people said. Kokusai… Continue reading KKR to trim stake in Japanese chip tool maker Kokusai Electric: report
G.O.A.T Brand Labs raises $21m and India deals worth $92m
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Conditions still not ripe to allow crypto listings on SGX, says chief
Singapore Exchange (SGX) has no immediate plans to allow cryptocurrency listings on its bourse, CEO Loh Boon Chye said on Tuesday, adding that conditions are still not ripe for such a move. Speaking in an interview at the Reuters NEXT conference in Singapore, Loh said “not at the moment”, when asked whether SGX would be open to crypto listings.… Continue reading Conditions still not ripe to allow crypto listings on SGX, says chief
Temasek enhances focus on India amid China’s public market woes
Singapore’s state-owned investor Temasek Holdings is augmenting its focus on India as China’s public market continues to suffer a slow recovery. The firm, which last year posted a S$7-billion loss for the first time in years, saw its one-year shareholder returns swinging back to positive—to around 2% in Singapore dollar terms—for the year ended March… Continue reading Temasek enhances focus on India amid China’s public market woes
Temasek-backed 65 Equity Partners invests $74m in SG manufacturer Hi-P65 Equity Partners invested in the SG-based firm through its S$1 billion Local E…
Temasek-backed global investment firm 65 Equity Partners has invested S$100 million (about $74 million) in Hi-P International, a Singapore-headquartered manufacturing firm, according to an announcement. Hi-P, which provides advanced manufacturing and production, assembly, testing, and packaging services to multinational companies, said it will use the fresh funding to accelerate its next stage of growth. “This… Continue reading Temasek-backed 65 Equity Partners invests $74m in SG manufacturer Hi-P65 Equity Partners invested in the SG-based firm through its S$1 billion Local E…