Exclusive: Singapore’s KK Fund eyes fintech and logistics segment, looks to Taiwan for deals


Japanese-backed and Singapore-based seed stage investor KK Fund is on the prowl for deals in the fintech and logistics segments, as the firm looks to tap into innovations in these sectors, a top official said.  KK Fund founder and general partner Koichi Saito said he had been observing these the two… Read more »

Singapore: Marvelstone Tech secures $12.6m angel-backed seed investment

Marvelstone is also planning on listing on the Singapore Exchange within the next two to three years to raise funds from public capital markets to finance acquisitions that can add value to its platform

SG Dealbook: AusGroup selling business unit; Top Global buys 35% in 5Footway Founders

In two separate deals, AusGroup is selling a business segment to consolidate its operations while Top Global is acquiring 35 per cent stake in 5Footway Founders. AusGroup selling scaffolding & access business unit Marine and offshore engineering firm AusGroup Limited, which is listed on the SGX Mainboard, is considering acquisition offers for its scaffolding business. AusGroup… Read more »

MyRepublic targets $178m funding round ahead of Singapore telecom bids

MyRepublic is targeting to raise funds in the region of $178 million, ahead of a bid for its telecoms license as well as plans to IPO within the next 24-36 months.

Singapore unveils plans for fourth telco. Spectrum auctions in Q3

Brushing aside stiff opposition from the existing mobile phone companies – Singtel, StarHub and M1 – the Infocomm Development Authority of Singapore said it will put up 60 MHz of spectrum (in the 900 MHz and 2.3 GHz bands for auctions, for the new entrant, at a discounted reserve price of S$35 million.

Lightstone Ventures closes $50m Singapore-focussed fund. Temasek, EDBI among investors

Lightstone Singapore, L.P., will invest in Singapore-based life sciences technologies and companies, and have a dedicated team led by former Lightstone venture partner Kenneth D. Noonan.

Singapore: Wavecell raises $1.6m Series A from Qualgro Asean Fund, Wavemaker Pacific

The company is planning to expand its presence in Asia Pacific by scaling up the sales and marketing teams and opening local offices in such countries as Hong-Kong,Thailand and Indonesia.

SIA Engineering in JV with Airbus to set up maintenance hub for Apac

Airbus will develop the JV as its Centre of Excellence for A380 and A350 heavy maintenance in Asia.

Singapore: ST Engineering divests Keystone stake for $10.7m; Soo Kee in bullion business JV

ST Engineering has divested a stake in a subsidary for $10.7 million, while Soo Kee is exploring the bullion business with an investment in DK Bullion.

Temasek cut Alibaba stake in fourth quarter after shares gained

Temasek owned 47.5 million ADRs of Alibaba at end 2015. The Singapore state fund also increased its stake in Gilead Sciences, BioMarin, and made several new acquisitions, buying 6.6 million shares in Synchrony Financial, 6.1 million ADRs in Chinese online retailer JD.com Inc. and 8.2 million ADRs in Chinese online travel company Tuniu Corp.