By Nisha Gopalan
Previously reluctant to relinquish control, Asian company owners are increasingly seeing the benefit of bringing in an outsider.
The maximum stake allowed to any single entity in a Vietnamese bank is only 15 percent; total foreign equity is capped at 30 percent.
SoftBank is looking to IPO its domestic telecom unit and is offering to pay bondholders who agree to a covenant change that would make it easier to list it.
For large Chinese firms, a CDR would mean bowing to the demands of CSRC, a regulator known to change the rules, and open and close the IPO market at will.
While lawyers and analysts do not think the Anbang seizure heralds an impending wave of nationalizations, they say it sets a fresh, and for some, worrying precedent.
Hailey Hu from B Capital builds a case for the impending shift in India’s healthcare sector towards private insurance, helped by tech startups.
Foreign insurance firms need to jettison at least 30% of their domestic businesses by the end of June to comply with Malaysia’s new foreign ownership rules.
“The whole world is looking at India now,” said Wong. “It could be a once-in-a-lifetime opportunity.”
Ofo is being challenged to retain Alibaba’s interest and backing as the tech giant appears to now favour China’s third-largest bike company, Hello-Bike.
Grove offers Catcha Group’s eight predictions for the Southeast Asian technology space over the next 24 months.