Venture Capital
Ekuinas said the investment is part of its 100 million ringgit ($21 million) Dana Asas fund.
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Deals
Axiata and Sinar Mas have entered into a non-binding agreement.
Private Equity
The consortium’s shareholders comprise a subsidiary of the Abu Dhabi Investment Authority.
IPOs & Markets
The auction will involve carbon credits from the Kuamut Rainforest Conservation Project.
Unicorns
Carsome sold 150,000+ cars in 2023, bringing the total sales since its launch in 2015 to over 500,000.
The deal size is likely to be around $60 million, sources said.
The hyperscale project is a planned $1.5b investment for Princeton Digital.
Affinity had bought the hospital for an undisclosed amount in 2015.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
The deal marks Ekuinas’s third investment in the pharmaceutical sector.