Vietnam Digest: JA Solar gets loan from Chinese bank; Nawaplastic ups stake in BMP

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JA Solar Vietnam has signed a $68 million credit loan with China’s Minsheng Bank while Thailand’s Nawaplastic continues to lift its ownership in Vietnam’s plastic producer.

Toutiao-owner Beijing Bytedance eyes HK IPO at $45b valuation: Report

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Bytedance, which was valued at more than $20 billion in an equity fundraising round in late 2017, is considering an IPO in Hong Kong, although details on how much it intends to raise were still unavailable.


China Eastern Airlines to raise up to $2.2b in share sale

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China Eastern Airlines Corp will use the proceeds to expand its fleet and to replenish working capital


Indonesia state-owned infra firm SMI raises $105m in green bonds

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In February, Indonesia became the first Asian country to sell “green” bonds internationally in a $1.25 billion deal.


Australia’s Macquarie Bank becomes major shareholder in Vietnam’s Yeah1

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Macquarie Bank purchased over 1.572 million shares, equivalent to 5.74 per cent of Yeah1’s charter capital.


Online grocer BigBasket targets $1b gross sales run rate by end of fiscal year

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Bigbasket had raised $300 million in primary and secondary capital from Alibaba Group earlier this year.


Li Ka-shing-backed fintech firm WeLab files for Hong Kong IPO

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WeLab, founded in 2013, was said to be seeking $500 million in its Hong Kong IPO.


SoftBank to buy $2b of Yahoo Japan shares from Altaba

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After the transactions, the stake held by SoftBank Group and its units will rise to 48.17% from 42.95% now, and Altaba will have about 27%.


SoftBank’s Japanese telecom unit applies for Tokyo listing

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The move was expected after the conglomerate said this year it was making preparations for a listing.


Xiaomi’s tepid debut signals trouble for upcoming HK tech listings

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Xiaomi shares closed at HK$16.80, having touched a low of HK$16 in early trade, compared to the IPO price of HK$17 per share.