Premium Shares in Hyundai Glovis jumped as high as 10.4% on Thursday after US hedge fund Carlyle bought a 10% stake in the logistics arm of the Hyundai Motor Group as the founding family moved to avoid a regulatory clash with the South Korean government. Go to Source
Author: Deal Street Asia Online News
China Evergrande to meet bondholders to delay redemption date
China Evergrande Group will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($156.92 million) bond in a meeting with bond holders this weekend, underscoring the pressure on the debt-laden property developer. Evergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore… Continue reading China Evergrande to meet bondholders to delay redemption date
SenseTime shares jump as much as 23% on debut after $740m Hong Kong IPO …
SenseTime Group shares surged as much as 23% from their IPO price on Thursday, adding billions of dollars to the artificial intelligence start-up’s market value as it debuted in Hong Kong in the city’s final major float for the year. Some analysts had expected the shares to struggle due to weak demand during the IPO… Continue reading SenseTime shares jump as much as 23% on debut after $740m Hong Kong IPO …
European asset manager Tikehau Capital gets approval for SGX SPAC …
Premium Pegasus Asia, the special purpose acquisition company (SPAC) jointly sponsored by Tikehau Capital and Financiere Agache, the family office of billionaire and luxury group LVMH chief Bernard Arnault, has received an eligibility-to-list letter from the Singapore Exchange, DealStreetAsia has learnt. Go to Source
Watch Edwin Wong speak on Ares SSG’s investment strategy for COVID times
As COVID-19 pushes up global investors’ demand for distressed opportunities in Asia-Pacific, alternative investment manager Ares SSG is prioritising downside protection before making additions to its portfolio. There is “a healthy and strong demand” from investors worldwide to allocate money to emerging markets in Asia, especially to the distressed and special situations space, said Ares… Continue reading Watch Edwin Wong speak on Ares SSG’s investment strategy for COVID times
India’s Mamaearth bags unicorn tag after fresh fundraise led by Sequoia
Honasa Consumer Pvt Ltd, the parent company of baby and mother care brand Mamaearth, has entered the unicorn club after raising $37.5 million in its Series F funding round led by venture capital firm Sequoia Capital. Honasa Consumer has issued 839 compulsorily convertible preference shares (CCPS) at an issue price of Rs 33,85,049 to raise… Continue reading India’s Mamaearth bags unicorn tag after fresh fundraise led by Sequoia
Watch a discussion on China’s regulatory crackdown and the focus on ESG investing
Amid China’s tighter scrutiny and regulatory crackdown of various sectors, there has been a sharpened focus on ESG — a form of sustainable investing that takes into account environmental, social, and governance aspects — according to panelists at DealStreetAsia’s Asia PE-VC Summit 2021. Beijing has introduced a spate of crackdowns on various sectors — edtech… Continue reading Watch a discussion on China’s regulatory crackdown and the focus on ESG investing
South Korea’s SK Hynix completes first phase of $9b acquisition of Intel’s NAND …
South Korea’s SK Hynix Inc said it had completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, after it received regulatory nods from eight countries including China. In exchange, SK Hynix will pay $7 billion out of the deal’s total $9 billion price tag, the world’s second-largest memory chip maker said in a… Continue reading South Korea’s SK Hynix completes first phase of $9b acquisition of Intel’s NAND …
How China’s new offshore listing rules will work — an explainer
Two Chinese regulators announced draft rules for Chinese firms’ offshore listings over the past week, providing some clarity on how they plan to scrutinize capital market activities amid a broader regulatory crackdown. What are the new rules for offshore listing? The China Securities and Regulatory Commission (CSRC) on Dec. 24 proposed tightening rules governing Chinese companies listing abroad, which… Continue reading How China’s new offshore listing rules will work — an explainer
China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
China’s ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under… Continue reading China’s Didi may enter Hong Kong bourse through ‘listing by introduction’