Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, Amazon Web Services (AWS) said on Tuesday. The investment adds to the S$11.5 billion the company has already invested in the Asia Pacific Region till 2023, bringing its total planned spend to more than S$23 billion… Continue reading Amazon to spend nearly $9b over four years to expand cloud infra in SingaporeThe investment adds to the S$11.5b the company has already invested in AP…
Author: Deal Street Asia Online News
Chinese subsea cable firm Hengtong Submarine snaps $145m in strategic round
Hengtong Submarine Power Cable, a wholly-owned subsidiary of Shanghai-listed Hengtong Optic-Electric — China’s largest power and fiber optic cable maker, has recently pocketed 1.03 billion yuan ($145.4 million) in a strategic funding round at a pre-money valuation of 17.5 billion yuan ($2.5 billion). The round roped in four strategic investors including CCB Investment, the investment… Continue reading Chinese subsea cable firm Hengtong Submarine snaps $145m in strategic round
Philippines’ PLDT looks to sell up to 49% of data centre business to Japan’s NTT
The Philippines’ largest telecommunications group PLDT is in talks to sell up to 49% of its data centre business to Japan’s Nippon Telegraph and Telephone (NTT), PLDT Chairman Manuel Pangilinan told Reuters on Tuesday. The deal could value the data centre business at $750 million, said two people with direct knowledge of the matter, declining… Continue reading Philippines’ PLDT looks to sell up to 49% of data centre business to Japan’s NTT
India’s InCred closes $60m maiden PE fund within months of launchLaunched late last year, the fund garnered capital commitments of over $39m in the fi…
InCred Alternative Investments, a part of the InCred Group, has closed its $60-million maiden private equity fund just a few months after being launched, the firm said on Tuesday. Launched late last year, the InCred Growth Partners Fund-I (IGPF-I) garnered capital commitments of over Rs 330 crore ($39 million) in the first close. It aims… Continue reading India’s InCred closes $60m maiden PE fund within months of launchLaunched late last year, the fund garnered capital commitments of over $39m in the fi…
Princeton Digital secures $280m green loan to finance Malaysian data centre campus
Princeton Digital Group, the Singapore-based data centre operator, announced that it has secured its first $280 million green loan that will help finance its data centre campus in Malaysia. The company, which is backed by private equity major Warburg Pincus, said it secured the green loan from Maybank, Standard Chartered Bank, and UOB Malaysia for… Continue reading Princeton Digital secures $280m green loan to finance Malaysian data centre campus
Korea’s Hanwha Life to buy 40% stake in Lippo Group-backed Bank Nobu
Hanwha Life, a life insurer under the South Korean conglomerate Hanwha Group, plans to acquire a 40% stake in the Lippo Group-backed Indonesian lender Bank Nobu, according to an announcement. Financial details of the transaction were not disclosed. The deal is expected to be finalised after the signing of the contract between the two companies… Continue reading Korea’s Hanwha Life to buy 40% stake in Lippo Group-backed Bank Nobu
China’s Zeekr to close $368m US IPO a day early
Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million on Wednesday, according to two sources with direct knowledge of the matter. The company, the premium brand of Chinese automaker Geely, had planned to close the bookbuilding on Thursday, according to… Continue reading China’s Zeekr to close $368m US IPO a day early
China’s Nio turns to rival BYD for new EV brand
China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said. The agreement marks a win for BYD, which has been looking to expand its revenue… Continue reading China’s Nio turns to rival BYD for new EV brand
Barings to provide over $150m credit to HK-based corporate services provider Acclime
Global asset management firm Barings will provide debt facilities exceeding $150 million to Hong Kong-based corporate advisory services firm Acclime Limited, according to an announcement on Tuesday. The upsized senior secured credit facilities will help support the growth of Acclime, which provides advisory and corporate services—company formation, accounting, tax, governance, payroll outsourcing etc.—across 14 Asia… Continue reading Barings to provide over $150m credit to HK-based corporate services provider Acclime
The Radical Fund, Keppel team up for climate innovation in real estate
The Radical Fund, an early-stage, climate-focused investor headquartered in Bangkok, has partnered with Keppel‘s real estate division to source climate solutions within the region’s real estate industry. The partnership comes as the real estate industry accounts for nearly 40% of global carbon emissions, per the announcement. The collaborative efforts focus on driving innovation in sectors… Continue reading The Radical Fund, Keppel team up for climate innovation in real estate