By Ardi Wirdana
The company says it plans to use the investment to accelerate the development of its dermatology pipeline.
Explaining the largely untapped opportunity for PE in Asia, Mir said that most industries in the region are highly under-funded, capital markets are still nascent, and debt financing continues to be an expensive and highly risky alternative.
Co-working space operator JustCo plans to set up 100 centers by 2020 in Asia and is looking to acquire firms that complement its operations.
Sembcorp will acquire 42.5% each from Inflexion and Equistone, and 15% from UKPR management.
Cheng, the CEO of Upper Joyful Ltd, will own controlling stake in the two firms – FX Trade and its affiliate BitTrade Co Ltd.
SGX had been due to launch the SGX India Futures on June 4.
The city-state’s goal of becoming a high-tech financial hub are running into real-world problems of labour supply and demand.
GrabFood will be available in six Southeast Asian countries within this quarter, including Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines.
The decision would deal a setback to construction and rail companies in Asia, including those from China and Japan, that are keen to gain a slice of orders.
The funds will be used to advance on-going clinical trials for therapy against a form of liver cancer