Japan’s diversified conglomerate Mitsui & Co and financial services group Nomura Holdings have agreed to acquire Australia-headquartered nature-based real asset manager New Forests. Mitsui, which has been a shareholder in New Forests since 2016 with a 23% stake, will increase its holding to 49%, and Nomura will become a 41% shareholder while the remaining 10%… Continue reading Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
Author: Deal Street Asia Online News
The LP View: Crises can be good time to deploy capital, says Silverhorn’s Bert Kwan …
For Hong Kong-based multi-asset investment firm Silverhorn, Asian fund managers with experience in operating through different market cycles would be the sweet spot for its primary investment. The opportunities in Asia are presented by a large cohort of young entrepreneurs, and the number of funds that are looking to back those entrepreneurs, according to Bert… Continue reading The LP View: Crises can be good time to deploy capital, says Silverhorn’s Bert Kwan …
For SE Asian giants, the focus is back on fundamentals amid tech selloff
It has been more than a month since Indonesian technology major GoTo’s public market outing after it raised $1.1 billion on the domestic stock exchange in a widely anticipated IPO. GoTo’s shares, which surged as much as 23% on its market debut, have tanked over the subsequent few weeks. GoTo’s shares hit their lowest price… Continue reading For SE Asian giants, the focus is back on fundamentals amid tech selloff
US pension commits up to $65m to Carlyle, IDG Capital’s new funds
Delaware Public Employees’ Retirement System (DPERS) has committed up to $65 million to two latest Asia funds managed by alternative investment giant Carlyle Group and China-focused venture capital firm IDG Capital. The US pension fund will invest up to $40 million in Carlyle Asia Partners VI, which was reported to be seeking between $8 billion… Continue reading US pension commits up to $65m to Carlyle, IDG Capital’s new funds
Indonesian tech giant GoTo plans to raise fresh capital through private placement …
Tech giant GoTo, which raised $1.1 billion through an IPO on the Indonesia Stock Exchange (IDX) in April, is planning to raise fresh capital from a new investor through a private placement of shares. In a filing to the IDX on Friday, GoTo said it plans to issue 118.43 billion shares, representing a roughly 10%… Continue reading Indonesian tech giant GoTo plans to raise fresh capital through private placement …
General Atlantic plans to invest over $2b in India, SE Asia over next two years …
Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region’s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer,… Continue reading General Atlantic plans to invest over $2b in India, SE Asia over next two years …
India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as a sign… Continue reading India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO
India: Paytm payments bank says central bank may lift curbs in 3-5 months
India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s IT systems, citing “material” supervisory concerns, without elaborating further,… Continue reading India: Paytm payments bank says central bank may lift curbs in 3-5 months
Vietnam sacks head of the country’s main stock exchange over “wrongdoing”
Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft. Le Hai Tra, 47, was dismissed for “having committed serious violations and wrongdoings”, the government said in a statement, without elaborating. He was also… Continue reading Vietnam sacks head of the country’s main stock exchange over “wrongdoing”
Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
The chairman of Vietnam’s Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company’s auto unit, VinFast, may be delayed until next year due to market uncertainty. The IPO is currently slated for the fourth quarter of this year. Vingroup Chairman Pham Nhat Vuong also told the company’s annual general meeting the… Continue reading Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …