By Antonia Timmerman
Hermina plans to raise up to $200 million via an IPO next year.
MDS to invest $16m more as part of yearly plan, taking its stake to 18 per cent.
Hospital chain operator Siloam and warehouse developer Mega Manunggal are slated to raise capital via rights issues.
India Digest: Marigold Capital to buy Leela’s Chennai Hotel; Altran Tech to acquire GlobalEdge Software
While private equity fund Marigold Capital is set to acquire Leela Ventures’ Chennai Hotel, French firm Altran Technologies has agreed to buy Indian technology company GlobalEdge Software. PE fund Marigold Capital to buy Leela’s Chennai Hotel US-based private equity fund Marigold Capital and Investments has agreed to buy hotel chain Leela Ventures’ 326-room… Read more »
Local firms need to start thinking about pulling other levers to deliver earnings growth.
Southeast Asian unicorns Go-Jek, Grab, and Traveloka, along with media conglomerate Emtek, are bidding to purchase digital payments firm Fusion Payments for about $20 million, this portal has learnt. Update: Go-Jek, however, has denied that there have been any discussions with Fusion Payments. “GO-JEK is not in contacts nor have… Read more »
Daren Tan of Golden Equator Capital discusses the changing ASEAN VC playbook.
Intiland’s arm RMF will control 36.63% of the project while a GIC affiliate will hold 33.40%.
The move will make RMPP the new holding company of Indonesia AirAsia
Freeport will have to sell 41.64% of its stake in the copper and gold mine.