Author: Deal Street Asia Online News

Malaysia’s Kenanga unit invests $7m in P2P firm CapBay

Kenanga Capital Islamic, a unit of Kenanga Investment Bank (KIBB), has invested 30 million Malaysian ringgit ($7 million) in peer-to-peer firm CapBay as part of its efforts to address the gap in the market for sharia-compliant financing, according to a company statement on Monday. The investment is intended to grow CapBay’s sharia-compliant supply chain finance… Continue reading Malaysia’s Kenanga unit invests $7m in P2P firm CapBay

SenseTime relaunches Hong Kong IPO to raise $767m Sense…

Chinese artificial intelligence start-up SenseTime Group is aiming to raise up to $767 million by pricing its shares between HK$3.85 and $HK3.99 each in its second attempt at a Hong Kong IPO, according to regulatory filings on Monday. SenseTime’s first attempt at listing was shelved last Monday after the company was placed on a U.S.… Continue reading SenseTime relaunches Hong Kong IPO to raise $767m Sense…

SG’s Contour bags additional $4.9m in Series A+ funding from Japan’s TIS, others …

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SG’s Contour bags additional $4.9m in Series A+ funding from Japan’s TIS, others …

Troubled Chinese developer Shimao’s unit to sell stake in three SPACs for $268m

Chinese developer Shimao Group Holdings said on Friday its unit Fortune Spring Ventures would sell the stake it holds in three special purpose vehicles for HK$2.09 billion ($267.89 million). The deal comes as Chinese developers, led by those including Evergrande and Kaisa Group, grapple with liquidity crunches amid tighter regulations. Shimao said its unit would sell 22.5% of… Continue reading Troubled Chinese developer Shimao’s unit to sell stake in three SPACs for $268m

SPAC boom fizzles as investors cash out on big names

Several companies, including Grab Holdings and BuzzFeed, that merged with shell entities to go public have seen their shares tumble, as investors pull the rug out from under the stocks hyped in Wall Street’s frenzied blank-check deals this year. Shares of BuzzFeed, which merged with blank-check firm 890 5th Avenue Partners, have plunged 40% since… Continue reading SPAC boom fizzles as investors cash out on big names

Japan’s top business lobbyist backs Myanmar coup, urges investment

A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japan’s top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has “grown fantastically as a human being,” while praising his “democratisation efforts.” The 87-year-old former cabinet minister, Hideo Watanabe, is also pursuing a $42-million shopping… Continue reading Japan’s top business lobbyist backs Myanmar coup, urges investment