Deals
New World is offering a guaranteed capitalisation rate to attract investors.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
More Stories
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
WeMo plans to expand its services to SE Asia, with an emphasis on Indonesia and Thailand.
IPOs & Markets
Lufax’s net profit dropped 67% to $190m in Q3 2022 from the same period of 2021.
The size of the deal could increase to $8b if market conditions improve.
The reforms will benefit investment banks and PE funds.
Analysis
167 US investors took part in 401 transactions representing $40.2b in investment in the period.
Baozun had signed a deal to acquire Gap Greater China for $40m last Nov.
Lotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Malaysia’s Etika Automotive.
Geopolitical risk is among the risk factors that played a role in OTPP’s decision.
Policy & Regulations
Yi’an P&C Insurance Co was seized by regulators two years ago.
