By Shiwen Yap
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 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.
It claimed this was largest disclosed Series A funding round for a SEA adtech co.
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 »
InnoVen Capital is backed by Temasek Holdings, United Overseas Bank.
GIC and Intiland have formed a 40:60 JV.
Statdrome was incorporated in Singapore in January.
The offer values the firm at $77.36 million.
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 »
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.