By Tomas S. Noda III
In two separate business developments, China Bank Savings (CBS) has partnered with Voyager Innovations for the digital consumer loans platform Lendr, while Metro Pacific Hospital Holdings Inc (MPHH) secured a 51 per cent ownership of a level two hospital for $3.17 million.
Singapore firms are seeing significant transaction flow with GKE completing its acquisition of a majority stake in Marquis. Meanwhile MMP Resources is reducing its debt in a restructuring exercise and looking to relist on the Catalist secondary board of the Singapore Exchange. GKE completes acquisition of Marquis in $2m deal… Read more »
The Thai Cabinet has approved the setting up of Thailand Future Fund with 100 billion baht ($2.78 billion) initial capital to reduce the government’s burden on financing the country’s infrastructure development. The fund will also seek participation from Thai and foreign investors as well as the general public who prefer… Read more »
The Singapore-based firm didn’t reach its targeted $60 million and will officially end operations at the end of the year, chief investment officer George Varghese said
China’s State Power Investment Corp will buy several wind farms from Australia’s largest pension fund investor, IFM Investors, a source told Reuters on Wednesday, in a sale that local had said would raise about A$1.5 billion ($1 billion). The source did not give a sale price, but said the Chinese… Read more »
Astra Microwave Products Ltd, a Hyderabad-based company, has raised around Rs 65 crore ($9.7 million) via qualified institutional placement (QIP) while visual search engine startup Streamoid Technologies Pvt Ltd has raised an undisclosed amount in angel funding. Astra Microwave raises funding through QIP Astra Microwave which designs, develops and manufactures… Read more »
Singapore-listed Leader Environmental Technologies has renewed loan facilities from China Merchants Bank. Secura Group is considering listing on the Singapore Exchange’s (SGX) Catalist secondary board, having lodged an offer document with the bourse. LET China unit renews loan facilities Leader Environmental Technologies (LET) mainland Chinese unit, Jilin Anjie Environmental Engineering,… Read more »
XL Axiata, the most indebted of Indonesia’s listed wireless carriers, is weighing several fundraising options including selling stock to existing investors through a rights offering. It could sell shares in the first half of next year depending on market conditions.
Rabo Equity-backed Prabhat Dairy Ltd has appointed Amit Gala as its new chief financial officer, while NIIT Technologies Ltd has appointed Amit Kumar Garg as its chief financial officer. In a separate hiring, FlipKart-owned online fashion retailer Myntra has appointed Ananya Tripathi as head strategy and planning. Prabhat Diary ropes… Read more »
U.S. payments processor Global Payments Inc will buy smaller rival Heartland Payment Systems Inc in a $4.3 billion cash-and-stock deal that will expand its merchant base and reach at a very competitive time in the industry. Payment processors globally are looking to expand via acquisitions and alliances as more and more… Read more »