VinaCapital Ventures has led a Series A-3 investment in INNOHAS; Heymax.ai has raised $2.6 million in seed funding led by January Capital; and Gentari is partnering with Virta to expand the EV charging network in Southeast Asia. VinaCapital Ventures invests in Korea’s INNOHAS VinaCapital Ventures, the venture capital arm of Vietnam-based asset manager VinaCapital, has led… Continue reading SEA Digest: INNOHAS, Heymax.ai bag funding; Gentari, Vitra join handsTenity, Ascend Angels, XA Network, and other strategic investors also participate…
Author: Deal Street Asia Online News
Siguler Guff raises $110m so far for latest emerging markets fund, to double down on India investments
Global multi-strategy private markets investment firm Siguler Guff has raised over $110 million for its upcoming $300 million Global Emerging Markets Growth Opportunities Fund II (GEMGO II), the company announced on Tuesday. The fund will focus primarily on India with plans to invest over $250 million across 8-10 mid-market companies in core consumption-driven sectors such… Continue reading Siguler Guff raises $110m so far for latest emerging markets fund, to double down on India investments
Vietnam said to be setting up new fund to attract foreign investment
Vietnam’s Ministry of Planning and Investment is finalising a draft of a plan to set up a fund to help attract foreign investment, according to a ministry document reviewed by Reuters. The draft is to be submitted to the central government by Friday, according to the document dated June 29. The Southeast Asian country, a… Continue reading Vietnam said to be setting up new fund to attract foreign investment
Major Japanese insurers said ready to offload $3.1b of Honda sharesThe sale is the latest sign that the unwinding of cross-shareholding is gaining pac…
Four of Japan’s top property and casualty insurers and other financial firms plan to sell around 500 billion yen ($3.1 billion) of shares in Honda Motor, three people said, as the unwinding of cross-shareholding practices accelerates. Tokio Marine Holdings, Sompo Holdings and two units of MS&AD Insurance Group will together offload shares in the automaker,… Continue reading Major Japanese insurers said ready to offload $3.1b of Honda sharesThe sale is the latest sign that the unwinding of cross-shareholding is gaining pac…
SG compliance management platform Xcelerate amasses $52m debt funding
Xcelerate, an integrated ESGRC [environmental, social, governance, risk, compliance] operating and investing platform, has amassed a debt funding of up to $52 million from Orion Capital Asia, per a statement. The company, headquartered in Singapore, holds a substantial presence in India, through its anchor acquisition of Aparajitha Corporate Services in the labour, employee, and industrial… Continue reading SG compliance management platform Xcelerate amasses $52m debt funding
Australia’s Liontown Resources secures $250m from LG Energy
Australia’s Liontown Resources said on Tuesday that it had secured $250 million of funding from LG Energy Solution (LGES) along with a 10-year extension to a lithium supply deal from its flagship Kathleen Valley operations. Liontown shares jumped 15.2% as trade resumed after the announcement. South Korea-based electric vehicle battery maker LGES offered $250 million… Continue reading Australia’s Liontown Resources secures $250m from LG Energy
Chinese vaccine developer Maxvax closes Series C round with IDG-led $41m trancheMaxvax has raised almost $275m in total financing since its inception …
Maxvax Biotechnology, a Chinese developer of innovative vaccines and immunotherapies targeting infectious diseases and cancer, has closed an IDG Capital-led extension round, bringing its total Series C financing to over 600 million yuan ($82.5 million). The firm closed more than 300 million yuan ($41.3 million) in its latest Series C+ round, roping in Hangkang Capital,… Continue reading Chinese vaccine developer Maxvax closes Series C round with IDG-led $41m trancheMaxvax has raised almost $275m in total financing since its inception …
Greater China Digest: MoonBiotech, URTOPIA snap funds; Blue Pool Capital said to have raised $500m
HongShan-backed MoonBiotech has completed a Series C+ round, while DCM Ventures has re-upped in e-bike manufacturer URTOPIA’s Series A round. Separately, Blue Pool Capital reportedly raised $500 million to invest in hedge and private credit funds. MoonBiotech raises $41m Series C+ round MoonBiotech, which engages in the development of microbial products, has secured 300 million… Continue reading Greater China Digest: MoonBiotech, URTOPIA snap funds; Blue Pool Capital said to have raised $500m
Indian regulator writes to Hindenburg about Adani short bet
U.S-based short-seller Hindenburg Research said on Monday India’s securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may “barely come out above breakeven” on its trade. Hindenburg also said Kotak Bank, an Indian firm, created and oversaw an offshore fund structure that was used by… Continue reading Indian regulator writes to Hindenburg about Adani short bet
People Digest: Advanced MedTech appoints new Group CEO; Ninja Van announces another round of layoffs
Temasek-backed medical device company Advanced MedTech Holdings has appointed a new CEO, while Ninja Van has announced another round of layoffs in Singapore. Advanced MedTech names Wong Yau Chung as Group CEO Temasek-backed medical device company Advanced MedTech Holdings has appointed Wong Yau Chung as group CEO-designate from July 1, 2024. He will take over… Continue reading People Digest: Advanced MedTech appoints new Group CEO; Ninja Van announces another round of layoffs