Sri Lanka changes mind on China’s proposal, awards $300m housing project to Indian firm

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In April, state-run China Railway Beijing Engineering Group won a tender worth over $300 million to build 40,000 houses in Jaffna.

Singapore Digest: Boost bags funding from Swiss EHL; Tamedia backs Helpling

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Singapore-based mobile learning tech firm Boost has received an undisclosed sum from École hôtelière de Lausanne.


With $3.5b war chest, Dutch chemicals firm Koninklijke DSM eyes assets in India

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Besides scouting for inorganic growth, the company is also investing in greenfield projects in India.


Leap Green Energy appoints Barclays for up to $400m fundraising mandate

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Founded in 2006, Leap Green is promoted by former Formula 1 driver Narain Karthikeyan’s family.


IFC mulls extending $200m debt to Turkish homecare products maker Hayat Kimya

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The home-care products manufacturer plans to make greenfield investments in Pakistan and Vietnam.


Chinese investors driving recovery in global mining M&A

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Chinese investors are increasingly keen on battery metals such as lithium and cobalt.


MEG rejects $2.3b takeover bid by Li Ka-shing’s Husky Energy

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MEG Energy plans to start a strategic review with an eye to finding another buyer.


Saudi cloud communication startup Unifonic bags $21m funding led by STV

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The round was joined by Riyad TAQNIA Fund, Endeavor Catalyst, ELM, and Raed Ventures.


China’s Anta Sports in talks for $4b loan to finance Finnish acquisition

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Anta said last month it had joined with FountainVest to make an indicative offer of 40 euros per share for Amer, valuing the target at about 4.7 billion euros


Asian fast-food giant Jollibee open to strategic acquisitions

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It also hopes to double its revenue in five years, as it expands its own chains and buys others, at a time when deal-making in the restaurant sector is heating up.