By Juliet Shwe Gaung
Hastings Asset Management, Daesung Private Equity, Sejong Venture Partners and Samsung Venture investment were the lead investors.
Moderna, valued at $7.5 billion, secured $500 million in a round participated by Singapore-based EDBI and Sequoia Capital China in February.
Nomura Holdings Inc and Daiwa Securities Group Inc will lead the sales effort for Japan’s biggest initial public offering ever, the sale of stock in SoftBank Group Corp’s domestic wireless operation.
SoftBank could consider purchasing a minority stake in Saudi Electricity from the Public Investment Fund (PIF) sovereign wealth fund.
The Asia Pacific Cities Fund has identified 17 cities, including Tokyo, Sydney, Brisbane, Singapore and Seoul, for investments.
The rejections crush what BGH had hoped would be its first purchases since it was set up last year by former local heads of U.S. private-equity giant TPG Capital Management and Australia’s Macquarie Group.
LJ Partnership has appointed Neil O’Brien as managing director of Guggenheim Investment Advisors (Hong Kong) Limited while Franklin Templeton Investments Australia has appointed a senior director to lead its institutional business.
ShopUp plans to use the capital to enhance its credit algorithm, accelerate acquisition to 100,000 merchants, and establish partnerships with e-commerce players, logistics companies, and offline aggregators.
The Japanese technology conglomerate plans to sell 1.6 billion shares at 1,500 yen apiece, valuing the business at 7.18 trillion yen ($62.9 billion).
Gobi Partners has launched two $10-million market-focused funds – one for the Philippines and one for Indonesia.