Author: Deal Street Asia Online News

Indian economic survey makes case for higher Chinese FDI

India’s annual economic report card has backed more Chinese investment in the country, even as investments worth billions of dollars from China suffer disruption due to increased geopolitical tensions between New Delhi and Beijing since 2020. India’s Chief Economic Adviser V. Anantha Nageswaran said in the annual economic survey tabled in the Parliament on Monday, that to boost its global exports New Delhi can either integrate into China’s supply chain… Continue reading Indian economic survey makes case for higher Chinese FDI

India’s competition panel sends 100 queries for $8.5b Reliance, Disney merger

India‘s antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters. Antitrust experts had warned that the Reliance and Disney deal, which was announced in February, could face intense scrutiny as it will create India‘s biggest entertainment player with 120 TV channels and two streaming services.… Continue reading India’s competition panel sends 100 queries for $8.5b Reliance, Disney merger

SE Asian super app Grab acquires Singapore-based dining platform Chope

Southeast Asian super app Grab Holdings has acquired Singapore-headquartered online restaurant reservation platform Chope, according to the latter’s regulatory filings. Chope shareholders, including Ant Group and venture capital firm Square Peg Capital, transferred their shares to H Holdings Inc., an affiliate of Grab, last week, per filings with Singapore’s Accounting Corporate and Regulatory Authority (ACRA).… Continue reading SE Asian super app Grab acquires Singapore-based dining platform Chope

U Mobile plans over $500m Malaysia IPO in 2025The deal, if it proceeds, could be the largest IPO in Malaysia in nearly eight years.

Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than $500 million as early as the first half of 2025, according to two sources with direct knowledge of the matter. The Kuala Lumpur-headquartered company will file an IPO application to the regulator later… Continue reading U Mobile plans over $500m Malaysia IPO in 2025The deal, if it proceeds, could be the largest IPO in Malaysia in nearly eight years.

India Digest: Aereo snags $15m from 360 ONE; Zensar acquires US firm

Drone-based business intelligence provider Aereo has raised $15 million in a Series B round of funding led by 360 ONE (IIFL). Separately, Zensar Technologies has announced the acquisition of BridgeView Life Sciences, an American IT and operations services firm, in an all-cash deal. Aereo snags $15m from 360 ONE Drone-based business intelligence provider Aereo has… Continue reading India Digest: Aereo snags $15m from 360 ONE; Zensar acquires US firm

Geopolitics overtakes inflation at top of sovereign wealth fund worry list

Geopolitical rivalries, including brewing trade battles between the United States and China, now trump inflation as the biggest worry for sovereign wealth funds and central banks managing some $22 trillion in assets, an Invesco survey published on Monday showed. The ratcheting up of conflict – from Russia’s war in Ukraine to trade restrictions – has… Continue reading Geopolitics overtakes inflation at top of sovereign wealth fund worry list

StanChart-linked China Bohai seeks to dispose of $4b in bad loans

China Bohai Bank said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non-performing loans as the faltering Chinese economy and deepening property sector problems pressure lenders to dispose of bad assets. The Tianjin-based bank, 16.2% owned by British lender Standard Chartered, expects a financial hit of 3.9 billion yuan… Continue reading StanChart-linked China Bohai seeks to dispose of $4b in bad loans

Goldman Sachs names Jaehoon Ahn as South Korea’s new investment banking head

Goldman Sachs said on Monday it has appointed Jaehoon Ahn as head of investment banking in South Korea, the latest move by the Wall Street bank to bolster its investment banking leadership in the region. He will also serve as the bank’s co-country head of Korea, and co-branch manager of Goldman Sachs Asia at its… Continue reading Goldman Sachs names Jaehoon Ahn as South Korea’s new investment banking head

PE firm Stonepeak to acquire NZ’s Arvida Group in $746m dealStonepeak, which has assets of around $71.2 billion, said it is offering NZ$1.70 per Arvid…

US-based private equity firm Stonepeak will buy out New Zealand’s Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt as the investment firm looks to cash in on the demand for retirement living and aged care services. Stonepeak, which has assets of around $71.2 billion, late Sunday said it is offering NZ$1.70 per Arvida share,… Continue reading PE firm Stonepeak to acquire NZ’s Arvida Group in $746m dealStonepeak, which has assets of around $71.2 billion, said it is offering NZ$1.70 per Arvid…