A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a rise in dealmaking in the region amid a sluggish market at home. CGS International Securities is also in the process of… Continue reading Chinese state-owned brokerage to ramp up i-banking business in SE Asia
Author: Deal Street Asia Online News
PwC may halve financial services audit staff in China amid client exodus: report
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande… Continue reading PwC may halve financial services audit staff in China amid client exodus: report
Hann Resorts plans up to $342m Philippines IPO next yearHann Resorts has a target of listing on the Philippine bourse early next year.
The Philippines’ Hann Resorts is planning an initial public offering (IPO) worth up to 20 billion pesos ($342.2 million), the gaming regulator said on Tuesday, as the integrated casino-resort operator seeks to cash in on the booming gambling sector. The deal could be the largest maiden share sale in the Philippines since MREIT Inc’s 15… Continue reading Hann Resorts plans up to $342m Philippines IPO next yearHann Resorts has a target of listing on the Philippine bourse early next year.
Thai food delivery apps struggle as consumers return to pre-COVID ways
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Yali Capital rolls out $97m fund to back early-stage deeptech startups in India
Yali Capital, a venture capital firm floated by Cosmic Circuits co-founder Ganapathy Subramaniam and former Blackstone executive Mathew Cyriac, has launched a Rs 810-crore ($97 million) fund to invest in early-stage deeptech startups in India. Of the total amount, Rs 310 crore is a greenshoe option. The firm will also have a dedicated GIFT City… Continue reading Yali Capital rolls out $97m fund to back early-stage deeptech startups in India
GoTo’s stock price hits rock bottom. Is a rebound around the corner?Market analysts said the stock is likely to rebound soon on the back of some posit…
Indonesian tech giant PT GoTo Gojek Tokopedia Tbk’s (GoTo) stock price has been languishing at an all-time low of 50 rupiah apiece since June 25 as big investors continue to sell the stock, according to Indonesian Stock Exchange (IDX) data. The stock price is down 85% from its listing price of 338 rupiah apiece in… Continue reading GoTo’s stock price hits rock bottom. Is a rebound around the corner?Market analysts said the stock is likely to rebound soon on the back of some posit…
GIC said to be weighing sale of its minority stakes in Bukalapak, Emtek
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India: Mamaearth-backer Stellaris Venture Partners in talks to raise $300m for third fund
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The LP View: Blended finance key to scale investments in SE Asia’s climate sector
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SE Asia Digest: Thai Betagro launches plant-based food product; Haruko sets up SG office
Thailand’s Betagro has launched a plant-based food product called Meatly! while European digital asset management platform Haruko expands in Southeast Asia after raising $6 million. Thailand’s Betagro launches plant-based food product Thai integrated food company Betagro Public Company Limited (BTG) has, through Betagro Ventures, introduced Meatly!, a plant-based food product, to provide consumers with an alternative… Continue reading SE Asia Digest: Thai Betagro launches plant-based food product; Haruko sets up SG office