Asia Digest: Ata Plus sells stake to Green Pro; Nanox secures $59m

The Petronas Towers peek through palm trees. Kuala Lumpur, Malaysia.

Malaysia’s equity crowdfunding platform Ata Plus has entered into a binding agreement to dispose of 15 per cent equity interest to NASDAQ-listed GreenPro Capital Corp while South Korea’s SK Telecom-backed Nanox announced it has secured $59 million in funding. 

Malaysia’s Ata Plus sells 15% stake to NASDAQ-listed Green Pro

Malaysia’s equity crowdfunding platform Ata Plus announced that it has entered into a binding agreement to dispose of 15 per cent equity interest to NASDAQ-listed GreenPro Capital Corp (GreenPro).

GreenPro is issuing 457,312 restricted shares for a 15 per cent stake in Ata Plus, according to a statement.

As a registered market operator (RMO), Ata Plus may also operate a secondary market for ECF investors to trade their shares to interested buyers, as well as work with licensed venture capital and private equity management companies to list microfunds on its platform. 

The strategic acquisition enables Ata Plus to utilise the digital assets and technology recently acquired by GreenPro via their investment in First Bullion Holdings Inc, Philippines.

SK Telecom backed-Nanox secures $59m in funding

South Korea’s SK Telecom-backed Nano-X Imaging Ltd has secured $59 million in funding, wrapping up its November 2019 round in which it raised nearly $110 million, according to an announcement.

The funding will go toward supporting the worldwide deployment of the Nanox.ARC, inspired by Star Trek’s famous BioBed.

Nanox is supported by strategic investors including SK Telecom, Foxconn, Yozma Korea, Industrial Alliance, and private investors.

Last month, SK Telecom invested an additional $20 million to increase its stake in the Israeli medical imaging technology company.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.