Singapore: GuocoLand expands to UK & AUS; Ascott expands business in Brazil


GuocoLand is expanding into the UK and US through a joint venture firm listed on the Bursa Malaysia while Ascott is expanding its serviced residences business in Brazil.

L Catterton Asia merges portfolio firms Seafolly and Maaji, targets IPO in 5 years

L Catterton Asis is merging its portfolio firms Seafolly and Maaji, with the aim of an exit through an initial public offer or a trade sale in five years.

Singapore: AdAsia raises $12m Series A from JAFCO

It claimed this was largest disclosed Series A funding round for a SEA adtech co.

Singapore: Nova Satra closes $2m investment from Genting Bio Cellular

Nova Satra Dx Pte. Ltd. (Nova Satra), a Singapore-based molecular diagnostics startup, has secured $2 million (S$2.8 million) in funding from Genting Bio Cellular Sdn Bhd, a wholly-owned subsidiary of Genting Berhad. In conjunction with the funding, two directors nominated by Genting have joined Nova Satra’s board. As part of the… Read more »

Singapore: RedDoorz raises $1m venture debt from Innoven Capital

InnoVen Capital is backed by Temasek Holdings, United Overseas Bank.

Singapore fund GIC forms realty project JV with Indonesia’s Intiland

GIC and Intiland have formed a 40:60 JV.

Commodities trader Statdrome sets up Asian hub in Singapore

Statdrome was incorporated in Singapore in January.

Singapore: TEE International gets $S108m privatisation offer from CEO

The offer values the firm at $77.36 million.

Unwinding property curbs gives Singapore developers new headache

Singapore’s recent unwinding of some property curbs, which initially appeared to boost prospects for developers, may instead be creating new problems. After regulators closed a tax loophole that allowed developers to offload apartments in bulk to institutional investors and wealthy Singaporeans, many of the city’s builders now face an unpalatable… Read more »

Singapore: CWG Suzhou integrated development; Raffles Medical Chongqing hospital

CWG International acquires a 60% stake in Suzhou Xinglun Tourism to develop a integrated development and Raffles Medical Group has acquired land for developing a hospital in Chongqing.