Anshuman Daga

Noble Group taps Bermuda court to keep survival plan afloat

Noble, once Asia’s biggest commodity trader, has warned that if the restructuring fails, it would begin insolvency proceedings, likely in Britain.


US fund Castlelake said to strike $800m aircraft deal with AirAsia

For AirAsia, the deal marks another move to monetize its assets as Asia’s biggest budget airline seeks to transform itself into an asset-light, digitally focused firm.


Singapore authorities turn down Noble Group’s relisting plan

Noble, once Asia’s top commodity trader, has seen its market value all but wiped out from $6 billion in early 2015.


Noble extends restructuring deadline to Dec 11 amid probe by Singapore authorities

Noble has seen its market value all but wiped out from $6 billion in February 2015 after its accounting was questioned by Iceberg Research.


KKR expands Asia infrastructure business with new hires

The firm has poached David Luboff, CEO of Macquarie Group’s Asia Infrastructure Fund, as its new head of Asia Pacific Infrastructure.


Noble set to rope in former Morgan Stanley banker as next chairman

Noble’s next chairman will be tasked with steering the company into profitability as it transforms itself into an Asian-centric trader mainly dealing with coal, freight and liquefied natural gas.


Philippines’ San Miguel halves food unit IPO size, seeks $920m

The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year.


It’s raining VC investments in SE Asia this year as funding surpasses 2017

VC funding in the first eight months of 2018 stood at $3.16b, compared with $2.72b last year.


SoftBank nearing deal to invest $500m in ride-hailing firm Grab

The investment is part of the roughly $1 billion that Grab is seeking to complete an ongoing $3-billion funding round.


Axiata likely to reject Keppel-led offer for Singapore mobile firm M1

Axiata is in talks to team up with PE firms and other companies as it considers options to launch its own offer for a bigger stake in M1.