By Mars Woo
Revolution Precrafted’s initial franchise deal with NOVO Development involves the supply of at least 1,000 units in the region that would create sales revenues of as much as $300 million.
The investment by Sumitomo Mitsui Card Company (SMCC), which has previously backed US-based fintech firms Square and Stripe, is not only its first in a Southeast Asian fintech firm but also its first deal outside of Japan and the US.
The merger of both banks is scheduled to take place by August this year.
The Future Fund exceeded its return-on-investment goal for the year.
Swiggy had last received a $100-million funding in February from Naspers and China’s Meituan.
Philippine-listed Aboitiz Equity Ventures is looking at investing over P77 billion ($1.5 billion) this year to finance projects mostly in power and food while Singapore-listed Halcyon Agri has completed its acquisition of four Indonesian rubber processing factories. Philippines: Aboitiz allocates $1.5b to expand businesses this year Philippine-listed Aboitiz Equity Ventures… Read more »
11Street parent CPSB is a joint venture between Axiata Digital Services and SK Planet Global Holdings.
Omera Petroleum is eyeing a $60-million capital expenditure over the next two years.
Vatic Ventures owns 80 per cent of Thai potash explorer Saksrithai Development.
A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit. But Toshiba was unable to complete the sale by the agreed deadline of March 31 as it was still waiting for approval from China’s antitrust authorities.