Singapore’s China Fishery to raise $296.5m via rights issue

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Singapore-listed China Fishery Group plans to raise up to $296.5 million through a rights issue. The global-integrated industrial fishing company will use the proceeds to redeem a set of bonds issued by its Peruvian subsidiary Copeinca. China Fishery had completed the acquisition of Copeinca in March last year. The company, in a disclosure to the… Read more »

Health tech co CXA closes $8m Series A round, targets Asia expansion

Singapore-headquartered healthcare technology company ConneXionsAsia (CXA) has closed its $8 million Series A venture funding, raised by a consortium led by NSI Ventures. Investors in the Series A round include NSI Ventures, BioVeda and F&H Fund Management and the CEOs of various brokerage and flexible benefits firms. The proceeds will… Read more »


Temasek invests in Singapore’s Deluge Corp

Singapore state fund Temasek Holdings has invested an undisclosed amount in fire protection firm Deluge Corp, the latter said in a statement. Deluge, which had revenues of S$90.06 million for fiscal year end March 2014, said it would use the funding to boost its sales and marketing efforts in the region, and… Read more »


Vertex launches $200m China VC Fund III

Singapore state-fund Temasek Holdings’ wholly owned investment arm – Vertex Venture Holdings – has begun raising its third China fund and is targeting $200m. The fund that will be called Vertex Ventures China III, L.P. has not yet raised any commitments for its latest vehicle, the company said, in a filing with… Read more »


Exclusive: DHFL to raise $100m via stake sale

India’s second largest home finance company in the private sector, Dewan Housing Finance Corp. Ltd (DHFL) is in talks with investors in Singapore and Hong Kong to raise up to $100 million through stake sale, a top company executive told DEALSTREETASIA. “In DHFL,  we are looking to raise about $90-$100… Read more »


Russia’s LifePay enters South East Asia with iboxPro acquisition

Russia’s largest mPOS (mobile points of sale) service, LifePay, has entered the Southeast Asian market with its acquisition of iboxPro, which operates in Vietnam, Indonesia and Thailand. This acquisition serves as a base for further expansion into other ASEAN markets. ibox was a brand created by international group of companies, with head office… Read more »


China’s Snowbird plans to dual list in Singapore: Sakae

The corporate advisory arm of mainboard-listed restaurant chain Sakae Holdings has bagged its first client. Its corporate advisory business, which it recently unveiled in partnership with  India-listed corporate finance company Religare Capital Markets Corporate Finance, and is aimed at bringing entities from across the globe to undertake dual listings in… Read more »


Temasek eyes Crompton Greaves’ fan biz

Singapore state fund Temasek Holdings is a frontrunner to buy a $200-million stake in the about to be demerged consumer products business of India-based Crompton Greaves, which is controlled by billionaire Gautam Thapar, a media report said, quoting ‘multiple sources directly familiar with the matter’. According to the Times of India, the Singapore fund has entered into… Read more »


Vertex invests in China’s Ichuanyi & India’s Firstcry

The wholly owned investment arm of Singapore state-owned fund Temasek, Vertex Venture Holdings has joined the $10 million Series B round in Shanghai-based female fashion e-commerce platform Ichuanyi.com, a report said. A report in China Money Network said Vertex Venture Holdings had joined Chinese e-commerce platform JD.com Inc, to jointly invest… Read more »


Foodpanda cements leadership in ASEAN

Global online food delivery company Foodpanda, a firm in Rocket Internet‘s portfolio, just announced the full acquisition of key competitors across seven countries in Southeast Asia, consolidating its market leadership across the Southeast Asian food delivery market. Active in 39 countries worldwide, Foodpanda has acquired competitors in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong and Thailand. Also… Read more »