By Shiwen Yap
Lion Global Investors, an OCBC subsidiary, has increased its holding in China’s Maxwealth Fund Management Company to 28.51% from 10% earlier.
Baidu Ventures and DCM China have co-led an $8-million Series A round in Aqrose Technology.
The funding round in Rokid was also joined by Credit Suisse Group, CDIB Capital International, and existing investor IDG Capital.
The round values the unit at $8.8b and also attracted Japan’s SBI Holdings as a lead investor.
Earlier this month Hindalco Industries had made a non-binding offer for Aleris through its US unit Novelis Inc.
The firm has shut down Noah Consulting, the company it bought for $70 million in 2015.
The sale will end the Toshiba’s troubled foray into overseas nuclear power, which started with the $5.4 billion acquisition of Westinghouse in 2006.
Beijing-based Naura Microelectronics has completed a deal to buy U.S. semiconductor manufacturing equipment company Akrion Systems LLC
IFC’s financing will help ABFL with long-tenor funding – up to 7 years – which is important for it to expand its ability to fund renewable energy projects. The proceeds shall be used by ABFL to fund solar projects in select states of India.
The market for diabetes care in China is expected to grow rapidly. Almost one in three of the world’s diabetes sufferers lives in China.