Shares of PT Global Digital Niaga Tbk — the entity that owns Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — are said to have been oversubscribed two times by retail investors on Day 1 of its public offering, according to sources familiar with the matter. The Blibli IPO, which… Continue reading Blibli IPO said to have been twice oversubscribed on Day 1The oversubscription of retail orders will not change the free float of 15%, sources said.
Author: Deal Street Asia Online News
India Digest: P&G sets up $24m India innovation fund; Games24x7 launches $48m fund
Procter & Gamble India has announced a $24-million ‘P&G Technovate Fund’, while online gaming unicorn Games24x7 is launching a $48.3-million investment fund. P&G sets up Technovate Fund Procter & Gamble (P&G) India has announced a $24-million (Rs. 200 crore) ‘P&G Technovate Fund’ to solve business challenges by fostering innovation and leveraging innovative technology in collaboration… Continue reading India Digest: P&G sets up $24m India innovation fund; Games24x7 launches $48m fund
GIC, ESR launch $600m logistics JV in India
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India Digest: PremjiInvest leads $21m funding in The Sleep Company; CashKaro snags close to $16m
In the latest funding deals, The Sleep Company has raised about $21.3 million (Rs177 crore) in its Series B round led by PremjiInvest, while cashback and coupons platform CashKaro has raised $15.7 million in its Series C funding round. PremjiInvest backs The Sleep Company Mattress maker The Sleep Company has raised about $21.3 million (Rs… Continue reading India Digest: PremjiInvest leads $21m funding in The Sleep Company; CashKaro snags close to $16m
Saudi’s Neom invests $175m in German aviation startup VolocopterThe investment was part of the additional $182m that Neom raised in Series E round.
Neom, the smart and sustainable regional development in northwest Saudi Arabia, announced that it has invested $175 million in German urban air mobility startup Volocopter. The investment was part of the additional $182 million that Neom raised in its Series E funding round, which was also participated by Hong Kong’s GLy Capital Management. In March,… Continue reading Saudi’s Neom invests $175m in German aviation startup VolocopterThe investment was part of the additional $182m that Neom raised in Series E round.
Japan’s Sumitomo Mitsui to boost stake in Philippines’ RCBC for $460m
Japan’s Sumitomo Mitsui Financial Group Inc said on Wednesday it would buy an additional 15% stake in the Philippines’ Rizal Commercial Banking Corp (RCBC) for about $460 million. The move is part of a drive by Japan’s second-largest lender to capture growth in Asian emerging markets through acquisitions, spurred on by limited business opportunities at… Continue reading Japan’s Sumitomo Mitsui to boost stake in Philippines’ RCBC for $460m
France, Singapore, Switzerland jointly test central bank digital currencies
France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) in the first cross-regional trial of its kind. The project, which will run for around six months, will use what is known as automated market makers (AMM) for the cross-border exchange of “hypothetical” Swiss franc, euro and Singapore dollar CBDCs. AMM… Continue reading France, Singapore, Switzerland jointly test central bank digital currencies
Toshiba suitor JIC increases size of buyout fund by 4.5 times to over $6bIt faces competition from PE firm Japan Industrial Partners.
Japan Investment Corp (JIC), a potential bidder for Toshiba Corp, has expanded the size of its buyout fund by 4.5 times to 900 billion yen ($6.11 billion), a spokesperson for the state-backed investment firm said on Wednesday. JIC heads a consortium that has been preparing a bid, sources have said. It faces competition from private equity firm… Continue reading Toshiba suitor JIC increases size of buyout fund by 4.5 times to over $6bIt faces competition from PE firm Japan Industrial Partners.
Asia Digest: S Korea’s Wemade raises $46m; Mister Loo pockets $5m
South Korea-based gaming company Wemade has raised 66 billion won ($46 million) in a funding round. Separately, Silverhorn and responsAbility have invested $5 million in Mister Loo, a tech-enabled public toilet sanitation provider in Emerging Asia. Microsoft invests in Wemade South Korea-based gaming company Wemade has raised 66 billion won ($46 million) in a funding… Continue reading Asia Digest: S Korea’s Wemade raises $46m; Mister Loo pockets $5m
Chinese lithium-ion battery materials maker Kuntian raises $137m
Hebei Kuntian New Energy, a Chinese manufacturer of anode materials used in lithium-ion batteries, has secured over 1 billion yuan ($137.4 million) in a strategic investment from investors including Sinopec Capital to expand its production capacity. Sinopec Capital, the investment arm of China’s state-run oil and gas major Sinopec Group, invested in the deal as… Continue reading Chinese lithium-ion battery materials maker Kuntian raises $137m