Malaysia’s state-owned power firm Tenaga Nasional Bhd is said to be considering selling a minority stake in a planned renewable energy unit, Bloomberg reported on Monday. The sale could raise $300 million to $1 billion from potential investors, which will be used to help the Kuala Lumpur-listed power firm fund its expansion into the renewable… Continue reading Malaysian power firm Tenaga said to be weighing $1b stake sale in green energy unit
Author: Deal Street Asia Online News
India’s Adani Group continues to seek strategic equity partners: report
India’s ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the Group’s elevated leverage. The Group, led by Asia’s richest person Gautam Adani, is looking to expand its presence in power generation and infrastructure and ventured into cement-making operations earlier… Continue reading India’s Adani Group continues to seek strategic equity partners: report
Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million). Shanghai Yuyuan is offering to sell the stake in Zhaojin Mining for HK$6.72 per share, a discount of 1.8% from the closing price… Continue reading Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
The LP View: Investors looking for GPs ‘of the future’What worked 15 years ago may or may not work today, says Audrey The-Dumas of Cambridge Associate…
Global investment firm Cambridge Associates has a sizeable team dedicated to identifying the “next generation” of managers amid an evolving private equity industry. “What worked 15 years ago, and has delivered returns, may or may not work today,” Audrey The-Dumas, managing director at Cambridge Associates, told DealStreetAsia in an interview. Go to Source
Vertex-backed digital health platform Speedoc scores fresh funding
Speedoc, a Singapore-based digital health platform backed by Vertex Ventures Southeast Asia and India, has raised $17.5 million in fresh funding, according to ACRA filings accessed by DealStreetAsia – DATA VANTAGE. ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger and/or have other… Continue reading Vertex-backed digital health platform Speedoc scores fresh funding
How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Indonesia-listed tech giant GoTo can be a wealth creator or wealth eroder, depending on whom you ask. For state-owned Telkom Indonesia, for instance, its two-year-old investment in ride-hailing giant Gojek resulted in unrealised losses of 3.06 trillion rupiah ($200 million) for the period Jan-Sept 2022 (9M 2022), according to the telecom company’s latest earnings. Go… Continue reading How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Asset managers PineBridge, Man Group increase China exposure on reopening hopes
Asset manager PineBridge Investments’ multi-asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. Chinese markets roared higher and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in… Continue reading Asset managers PineBridge, Man Group increase China exposure on reopening hopes
India Deal Review: Startup fundraising rises 37% in Oct to $1.4b
Fundraising by Indian startups touched $1.37 billion across 87 private equity and venture capital transactions in October, registering a growth of about 37% over September, according to proprietary data compiled by DealStreetAsia. Deal value increased on the back of big-ticket deals, despite deal volume falling 23% from 115 in September. Go to Source
Temasek-backed Temus scouting for M&A deals to push growth, says CEOA small team allows cross-pollination of ideas that can possibly yield the best re…
Singapore’s Temasek-backed Temus is gunning for growth via mergers and acquisitions (M&As), CEO Yeoh Keat Chuan told DealStreetAsia during a recent interaction. As part of the strategy, Temus acquired Singapore-headquartered digital transformation firm Dreamcloud in September to strengthen its app development practices and tech modernisation. Dreamcloud’s employees have since joined the Temus team, with Lim… Continue reading Temasek-backed Temus scouting for M&A deals to push growth, says CEOA small team allows cross-pollination of ideas that can possibly yield the best re…
Bukalapak sees 25-year runway, no need for fundraisingThe firm had raked in $1.52b from its IPO in August last year.
Indonesian listed technology group Bukalapak has enough cash to cover its operations for the next 25 years on the back of efficient cost management and improving performance, a senior executive said on Friday. “At this time, with the current cash position, we don’t see the need for fundraising at all — maybe ever,” Teddy Oetomo,… Continue reading Bukalapak sees 25-year runway, no need for fundraisingThe firm had raked in $1.52b from its IPO in August last year.