Author: Deal Street Asia Online News

SoftBank said to have held talks with banks for energy project funding

Japanese technology investor SoftBank Group has recently talked with banks about borrowing money to invest up to $10 billion in energy-related projects, The Information reported on Thursday. The group could secure the capital for power-related investments by securing bank loans and tapping other investors, the report added, citing a person with direct knowledge of the… Continue reading SoftBank said to have held talks with banks for energy project funding

Foxconn gets licence to invest $551m more in Vietnam

Foxconn Singapore has been awarded a licence to invest $551 million in two projects to produce smart entertainment products and smart-system equipment in Vietnam’s northern province of Quang Ninh, state media reported. Foxconn, the world’s largest contract electronics maker and assembler, did not immediately respond to a request for comment. The company already has major… Continue reading Foxconn gets licence to invest $551m more in Vietnam

China-built EVs hit with duties in biggest EU trade case yetThere is a four-month window during which the tariffs are provisional.

The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels’ largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the… Continue reading China-built EVs hit with duties in biggest EU trade case yetThere is a four-month window during which the tariffs are provisional.

Suzuki Motor Corp launches $41m social impact fund for India

Japanese automaker Suzuki Motor Corporation on Thursday launched a $41-million (Rs 340 crore) social impact fund to invest in Indian startups focused on agriculture, financial inclusion, rural supply chain, and rural mobility. Called Next Bharat Ventures, the fund will offer a four-month residency programme for early-stage entrepreneurs. The flagship programme, which is now accepting applications,… Continue reading Suzuki Motor Corp launches $41m social impact fund for India

ANZ, Blackstone launch new wealth management fund in Australia

ANZ Group and Blackstone have jointly launched a new wealth management fund in Australia targeting the lender’s private clients, the country’s fourth-largest bank said on Thursday. The new investment vehicle, named Graphene Alternative Fund, will be managed by Blackstone and will adopt an absolute return strategy, aiming to attract the nation’s richest families. An absolute… Continue reading ANZ, Blackstone launch new wealth management fund in Australia

Indonesian EV brand Volta parent raises pre-Series A round from LX Ventures, SAIC CapitalThe fresh investment followed funding from Rigel Capital and …

Indonesia’s electric vehicle (EV) company PT Energi Selalu Baru (ESB), which owns the two-wheeler brand Volta, has raised an undisclosed sum from LX Ventures and SAIC Capital in its pre-Series A funding round, the company said on Thursday. ESB is a subsidiary of Indonesia-listed PT NFC Indonesia Tbk, part of the MCASH Group. The fresh… Continue reading Indonesian EV brand Volta parent raises pre-Series A round from LX Ventures, SAIC CapitalThe fresh investment followed funding from Rigel Capital and …

China’s CICC to open offices in Indonesia, Malaysia in SE Asia push

China International Capital Corp (CICC) plans to expand its presence in Southeast Asia by opening offices in countries including Indonesia and Malaysia, said its investment banking head, as a slump in deals at home hurts its prospects. Founded in 1995, the Beijing-based investment bank currently has a presence in seven international financial centers outside of… Continue reading China’s CICC to open offices in Indonesia, Malaysia in SE Asia push

Japan asset managers support corporate governance push, says Oasis founder

Japanese asset managers are increasingly supporting the targeting of poorly performing firms by activist fund Oasis Management, its founder said, paving the way for more campaigns to improve corporate governance and deliver higher shareholder returns. Hong Kong-based Oasis, which does not publicly declare its assets under management, has launched high profile campaigns against at least… Continue reading Japan asset managers support corporate governance push, says Oasis founder