Bangkok Bank, Reignwood Group among investors in biotech firm Humacyte’s $150m Series B round

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Thailand-based Bangkok Bank Public Company Ltd and Reignwood Group were part of a consortium who invested in a $150-million committed series B stock financing round of Humacyte Inc, a US-based innovator in biotechnology and regenerative medicine. The series B round by Humacyte saw participation from investors including Access Industries, Brady Dougan, Pacific Eagle Asset… Read more »

M&As by Thai firms touch $5.6b driven by outbound transactions in Asean

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Value of mergers and acquisitions by Thailand companies in the Asean region touched 200 billion baht ($5.62 billion) in 2012-15, driven largely by outbound transactions, according to a research by Kasikornbank (KBANK), one of the country’s top banks. Chongrak Rattanapian, Executive Vice President, said, Thai companies made more outbound M&A to boost their… Read more »


India: Greyhound Knowledge Group takes stake in Internet of Style

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IT research and advisory firm Greyhound Knowledge Group (GKG) has acquired a stake in Internet of Style, a fashion-tech company. GKG, founded by analyst Sanchit Vir Gogia, had been in talks with other advisory firms for a deal to expand its global presence. The deal will result in the strengthening… Read more »


Harddisk drive maker Western Digital to buy SanDisk in $19b deal

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Hard-disk drive maker Western Digital Corp agreed to buy SanDisk Corp in a $19 billion deal that will increase its ability to make flash memory storage chips used in smartphones and tablets. SanDisk shares hit a high of $78.50 on Wednesday, but closed nearly $10 below the offer price of $86.50… Read more »


Indonesia state energy firm Pertamina to form JVs with Saudi Aramco, Japan’s Nippon for $10b refinery projects

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Indonesia’s state-owned energy firm PT Pertamina is forging joint ventures with global oil & gas global players, Saudi Aramco and Japan JX Nippon, to build two refineries at an investment $10 billion. Speaking at a press conference, CEO Dwi Sutjipto said, Pertamina will hold the controlling stake in both the projects. In Balikpapan… Read more »


VN Dealbook: Total invests $13.4m more; Transportation Hospital IPO fetches $5.2m; Taiwan firm plans $50m capex

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Vietnam is witnessing some fresh overseas investments with French oil and gas giant Total investing an additional $13.4 million while Taiwanese supplier to global apparel makers is pumping in $50 million in the country to boost capacity. In another development, the country’s first privatised hospital raised $5.2 million through IPO…. Read more »


India Dealbook: Mealhopper, Jiyo Natural raise funding

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Food-tech startup MealHopper which is run by Gurgaon-based MealHopper Technologies Pvt Ltd and Bangalore-based health food startup Jiyo Natural Pvt Ltd, have raised funding. MealHopper raises $100K from ixigo founders, others MealHopper, a food-tech company which connects users with local cooks for homemade meals, has raised $100k in seed funding… Read more »


India: FTIL to sell IEX stake to Madison for $5.2m

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Financial Technologies India Ltd., whose promoter Jignesh Shah is accused in a multi-million dollar scam, today said Madison India will buy its 1.58 per cent stake in Indian Energy Exchange (IEX) for Rs 33.96 crore ($5.2 million). Earlier this month, FTIL had completed the sale of 11 per cent stake… Read more »


Indian realty services player Investors Clinic raising $150m to expand footprint

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Noida-based realty services provider Investors Clinic Infratech Pvt Ltd is in talks to raise around Rs 973 crore ($150 million) from PE funds and foreign banks, according to an article in The Economic Times quoting the company’s chief executive Honey Katyal. The company will use the money for expanding its footprint… Read more »


State-owned firms Inalum, Antam can buy 10.64% in Freeport Indonesia: SOE minister

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The Indonesian State Enterprise Ministry (SOEs) has assigned two state owned firms PT Indonesia Asahan Alumunium (Inalum) and nickel & gold producer PT Aneka Tambang Tbk (ANTM), also known as Antam, as a lead consortium to purchase 10.64 per cent shares of PT Freeport Indonesia. Freeport Indonesia is currently 90.64… Read more »