Vickers Vantage Corp I has signed a letter of intent with Scilex Holding Company for a SPAC merger, while Keppel Corporation and others have acquired a majority stake in Cleantech Renewable Assets. Vickers Vantage Corp I signs LoI with Scilex for SPAC merger Vickers Vantage Corp I, the blank cheque firm of Vickers Venture Partners,… Continue reading SG Digest: Vickers Vantage Corp I signs LoI with Scilex; Keppel picks stake in Cleantech
Author: Deal Street Asia Online News
MUFG Trust & Banking chief sees return of foreign firms to Tokyo market
Japan is ripe for a revival in stock listings by foreign firms, the trust banking arm of Mitsubishi UFJ Financial Group Inc said on Tuesday, with more than a dozen in the pipeline for Tokyo’s start-up market. Japan’s huge household wealth and the relatively high stock valuations on the Tokyo bourse’s Mothers market for start-ups… Continue reading MUFG Trust & Banking chief sees return of foreign firms to Tokyo market
S Korea’s POSCO to acquire Australia’s Senex Energy in $610m deal
Australian coal-seam gas producer Senex Energy Ltd agreed on Monday to be acquired by POSCO International Corp in an A$852.1 million ($610.02 million) deal, as the South Korean firm accelerates its expansion into global natural gas exploration and production. POSCO International, the trading arm of steel giant POSCO, received Senex‘s approval nASXgtX7Q for the deal after hiking its… Continue reading S Korea’s POSCO to acquire Australia’s Senex Energy in $610m deal
India: Grofers rebrands as Blinkit to reflect focus on quick commerce service
Online grocery delivery platform Grofers has rebranded itself as Blinkit to fend off competition in the fast-growing quick commerce space. Japan’s SoftBank-backed Grofers pivoted to the 10-minute grocery delivery service starting with Delhi, Gurugram, Mumbai, Bengaluru and Jaipur in August this year. The move to rebrand comes at a time when its close competitor, Swiggy,… Continue reading India: Grofers rebrands as Blinkit to reflect focus on quick commerce service
Chinese EV battery maker SVOLT scores $943m in its third big fundraising this year …
SVOLT Energy Technology, an electric vehicle (EV) battery maker and storage solutions provider, has raised 6 billion yuan ($942.8 million) in its third big-ticket fundraising of 2021. The latest round is yet another sign of the heightened interest in China’s rapidly growing EV infrastructure sector. The new investment, an extended Series B round, followed the… Continue reading Chinese EV battery maker SVOLT scores $943m in its third big fundraising this year …
China’s SenseTime postpones $767m Hong Kong IPO after US ban
Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable. Reuters first reported earlier on Monday the company’s plan to withdraw the… Continue reading China’s SenseTime postpones $767m Hong Kong IPO after US ban
Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals
JP Morgan Global Alternatives has acquired a 50% interest in a Singapore office space while 108 Media has acquired all the assets of the London-based DCD Media Plc worth $6.3 million. JP Morgan Global Alternatives buys 50% in One George Street for $472m JP Morgan Global Alternatives has acquired a 50% interest in One George… Continue reading Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals
Indonesia’s health food startup Lemonilo secures $36m in Series C round
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 Indonesia’s health food startup Lemonilo secures $36m in Series C round
Binance withdraws application to run a licensed crypto exchange in Singapore …
Cryptocurrency exchange Binance has withdrawn an application submitted to the Monetary Authority of Singapore to run a licensed cryptocurrency exchange in the country, the company said in a statement on Monday. Binance.sg, the local website that currently runs a pared-down version of the exchange and is managed by Binance Asia Services, will stop operating on… Continue reading Binance withdraws application to run a licensed crypto exchange in Singapore …
Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b
The CrownX, an integrated retail platform of Vietnamese conglomerate Masan Group, has closed a $350 million primary investment from global private equity firm TPG, the Abu Dhabi Investment Authority (ADIA) and Singapore state investor Temasek. The latest investment brings the total funding raised by The CrownX since its inception in H1/2020 to over $1.5 billion.… Continue reading Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b