The fund is in talks with several local and overseas entities to form a consortium to bid for the 31.05% stake in Asiana Airlines.
SG Digest: StaffAny raises $722k; Ardmore Medical withdraws IPO plans
Khazanah makes $72m capital injection into struggling carrier Malaysia Airlines
GOJEK’s Vietnam affiliate GoViet says bike service grew 400% since its launch
India Digest: CCD to restart talks with Coca-Cola; KKR, Everstone eye emids Tech
Indonesia Digest: Cita Mineral shareholder to sell stake; Bank Mitraniaga delisting
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
[Updated] SG Digest: Carousell revenue hits $7m in FY18; 99.co bags $15m in Series B
The exit comes less than three years after Longreach acquired the BPO firm from Japanese camera maker Olympus Corporation.
Australia-based Telstra will continue to hold a 51 per cent stake in the property trust.
The Kuwait Investment Authority has been increasing its exposure to bonds and cash to boost liquidity in its portfolio.
IPOs & Markets
Chatwork received $2.5 million in Series A from GMO Venture Partners in April 2015. It raised another $12.5 million in Series B from JAFCO Japan, SMBC
Masayoshi Son himself may account for over half of that amount.
Unizo has publicly opposed the H.I.S. bid, saying it lacked synergy and undervalued the hotel chain.
Policy & Regulations
The draft law proposes limiting foreign ownership in internet firms to 20% if they are considered to be a “significant source of information”.
D&D Pharmatech is developing therapies for Parkinsons, fibrosis and Alzheimer's diseases in the US.
Analytics8’s Melbourne and Sydney-based team of 70 professionals will now join Accenture Applied Intelligence.
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