By Ka Kay Lum
Swedish PE firm EQT has promoted Singapore-based Brian Chang to partner, effective January 1, 2019.
Melisa Irene, who hails from Indonesia, joined East Ventures as an associate in 2015, and has successfully closed multiple deals for the company.
A.S. Watson’s focus remains on physical stores in a market where online shopping has grown much more rapidly than in the rest of the world.
Nest Tech is looking to invest in startups mainly from Myanmar, Vietnam and Singapore.
Basis AI, an early-stage AI startup, aims to build scalable and accountable machine learning products for digital enterprises.
The fund was launched in August 2017 and was expected to wrap up fundraising by the end of 2018.
Lion Industries purchased the 50 per cent stake in 2011 and 2012 for RM38.05 million ($9.2 million) in total.
PCI is a subsidiary of Chuan Hup Holdings, which currently owns a 76.7 per cent stake in the company.
Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest.
ClassPass has acquired GuavaPass’s operations in 11 cities across Asia, including Singapore, Bangkok, Dubai, Hong Kong, Mumbai, Jakarta and Kuala Lumpur.