By Mars Woo
Johnny Yu, nicknamed “King of Warrants”, has been appointed desk head of UBS Group’s wealth management unit in Hong Kong.
The move seeks to provide loss-making Gaylin with financial stability.
The funding round, led by Goldman Sachs Growth Equity, was also joined by existing investors including HCL, Northgate Capital, Redpoint Ventures, and Wing VC.
Mittal is the founder of Mission Holdings, an investor in ONE Championship.
The startup harnesses AI, machine vision, and deep-learning neural networks to defend against drone threats.
Grab Financial will offer micro-financing in partnership with Japan’s Credit Saison.
Perennial Real Estate is buying out Capitol Singapore co-owner Chesham Properties for S$129.6 million ($98.7 million).
Venture debt as a percentage of venture capital in Southeast Asia is still low at approximately 5%, compared to 10-15% in more developed ecosystems.
The TKS1 fund will make early-stage investments in med-tech and life science companies.
Making dual-class shares easier to adopt is an attempt to make Singapore more competitive with exchanges in the U.S.