Southeast Asian private equity firm Navis Capital Partners will be selling its entire stake in Luxembourg-based medical cold chain solutions provider B Medical Systems (B Med) to Nasdaq-listed life sciences firm Azenta Inc, Navis said in a statement. Azenta said in a separate announcement that it will pay 410 million euros (around $418 million at current… Continue reading Navis Capital Partners to exit B Medical Systems, strikes two new investments
Category: Tech News
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Hong Kong audit regulator expands probe into Evergrande’s property services unit
Hong Kong‘s audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group’s property services unit and its former auditor after questions were raised following the developer’s probe into seized deposits worth $2 billion of the unit. The Financial Reporting Council (FRC) said in a statement it was investigating the 2020 and first half of 2021 financial… Continue reading Hong Kong audit regulator expands probe into Evergrande’s property services unit
Delisting of China’s state-owned firms from NYSE could pave way for audit deal with US, analysts say
The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) could pave the way for Beijing to strike an audit deal with the United States, ending a more than decade-old dispute, analysts and advisers said on Monday. The five SOEs, including oil major Sinopec and China Life Insurance, whose audits have been under scrutiny by the U.S. securities regulator, said on Friday they would… Continue reading Delisting of China’s state-owned firms from NYSE could pave way for audit deal with US, analysts say
Space Force takes robot patrol dogs for a walk
U.S. Space Force photo by Senior Airman Samuel Becker If you happened to be sneaking onto Cape Canaveral Space Force Station in late July, you wouldn’t have made it far. Last month, Space Force conducted a demonstration where two robot dogs built by Ghost Robotics conducted patrols in advance of potential broader adoption of the… Continue reading Space Force takes robot patrol dogs for a walk
Elon Musk reveals more details about Tesla Robot, sees people gifting it to elderly parents
Tesla CEO Elon Musk has revealed more details about Tesla Optimus, the company’s upcoming humanoid robot, and how he sees the product rolling out over the next decade. Over the last few years, Musk has been getting quite cozy with the Chinese government. In a country known for its protectionism, the CEO managed to score… Continue reading Elon Musk reveals more details about Tesla Robot, sees people gifting it to elderly parents
Abu Dhabi’s ADIA to infuse $83m in India’s Aditya Birla Health InsuranceUpon completion of the fundraising, ADIA will own a 9.99% stake in the insuran…
The insurance arm of Aditya Birla Group, Aditya Birla Health Insurance (ABHI), said it is raising $83 million from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). ABHI is a 51-49 joint venture between Aditya Birla Capital Limited (ABCL) and Momentum Metropolitan Strategic Investments, a wholly owned subsidiary of South African-based Momentum… Continue reading Abu Dhabi’s ADIA to infuse $83m in India’s Aditya Birla Health InsuranceUpon completion of the fundraising, ADIA will own a 9.99% stake in the insuran…
Malaysian govt-backed MAVCAP appoints new CIO and COO
Malaysia Venture Capital Management Berhad (MAVCAP) has appointed a new chief operating officer (CIO) and chief investment officer (COO), according to a statement on Monday. The Malaysian government-backed venture capital firm announced Noor Amy Ismail as COO and Paramjit Singh Gill as CIO, effective August 1 2022. “As the largest venture capital (VC) firm in… Continue reading Malaysian govt-backed MAVCAP appoints new CIO and COO
Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
SoftBank Group Corp‘s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his… Continue reading Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
Vantage Point: Lazada’s entry as a shareholder could be a game changer for DANA
This weekly newsletter highlights top developments and trends across Southeast Asia’s digital economy and ecosystem, without losing sight of the solid links between the online and offline worlds. Executive Summary The game has changed for DANA Gains from GoTo is a welcome bonus for Astra GoTo: The synergistic journey continues Bank Raya and the march… Continue reading Vantage Point: Lazada’s entry as a shareholder could be a game changer for DANA
Malaysian stock exchange to launch voluntary carbon market by year-end
Malaysia’s stock exchange on Monday said it will launch a voluntary carbon market (VCM) by the year‘s end, with the aim of increasing transparency and enabling companies to buy carbon credits to offset their emissions. The new exchange will encourage investments in high-quality offsetting projects, Bursa Malaysia chief executive Muhamad Umar Swift said in a statement, which can include projects like planting trees or switching to… Continue reading Malaysian stock exchange to launch voluntary carbon market by year-end