Deals
The Lippo Group currently holds an over 75% stake in IDX-listed Bank Nobu.
Chinese subsea cable firm Hengtong Submarine snaps $145m in strategic round
Amazon to spend nearly $9b over four years to expand cloud infra in Singapore
Philippines' PLDT looks to sell up to 49% of data centre business to Japan's NTT
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
More Stories
Singapore’s EDBI in talks to invest in Indian startup unicorn Mohalla Tech
The LP View: Hamilton Lane sees LP-GP alignment as key concern amid rising infra fund mergers
Indonesian conglomerate Astra eyes aggressive EV push in next two years
EQT to acquire digital consultancy firm Perficient for about $3b
Fintech deals surge in Q1 but concerns persist over long-term momentum
Private Equity
CVC Capital, an existing shareholder, holds a 26.18% stake in the chain through Prime Health Company Limited.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
The SG-based VC firm is likely to invest over $8 million in the Indonesian restaurant operator.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
Automakers plan local productions to crack market dominated by Japanese players.
Jago Coffee and Janji Jiwa also offer beverages at low price points.
Astra is confident of competing in the EV market riding on its strong ecosystem.
Backed by 500 Global, Edukita closed its last funding round in Nov 2022.
Earnings and Results
Blibli’s take rate increased to 6.3% in Q1 2024, compared with 4.9% in Q1 2023.