Policy & Regulations
CBM will also hike foreign ownership limit in domestic banks to beyond 35% on a case by case basis.
Alibaba racks up $38b in record Singles’ Day sales
GIC-BlackRock JV acquires UK gas pipeline firm Kellas Midstream
SoftBank-backed hotel chain Oyo torn between profits and growth
Uber’s Latin American stronghold pursued by Japan’s SoftBank-funded rivals
India: Infrastructure drives PE/VC investments to $3.3b in October
Malaysian court to decide if 1MDB charges against Najib have merit
Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork
India’s Yes Bank makes record global surge post dismal phase
Temasek Holdings makes slew of senior management changes
African logistics platform Lori closes nearly $30m led by Hillhouse, Crystal Stream
The consideration of $6 million was based on a total equity value of Wave Money at $59.92 million.
In June, MIL had rejected a takeover proposal from MSH saying it significantly undervalued the company.
IPOs & Markets
The move is one of the ways Myanmar hopes to bolster interest in the benchmark Myanpix equity index.
It is in talks with Indonesian VCs to explore co-investments beyond the pre-seed stage level.
TAEL Partners-backed EQuest Education has invested an undisclosed sum in Vietnam-based edtech startup 789.vn.
The three-year-old main index has only five stocks and little trading, stoking skepticism about the nation’s ability to foster a vibrant equity cult
LOLC Myanmar, an offspring of LOLC in Sri Lanka, is a greenfield microfinance institution set up in 2013.
The JV will see an investment of at least $30 million into Myanmar-based Yoma Micro Power.
Emerald Brewery, a JV between F&N and local partners, marks a comeback for the beverage firm to the Myanmar market.
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