Yimie Yong
Vietnam’s EV maker VinFast’s IPO may be delayed till next year – report
The IPO is planned for the fourth quarter of this year.
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
The K-Startup Grand Challenge 2022 opens its doors to Southeast Asia, Australia & New Zealand
Applications opened on Apr 15, 2022 and will close on May 31, 2022 for startups keen on the opportunity to work and build a strong foundation in South Korea.
Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report
When contacted about the potential acquisition, Grab's communications team said the company "will not comment on rumors and speculation".
Malaysia has no plans for more digital banking licenses – report
In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s banking system relative to the economy. “This isn't a case of ‘the more the merrier!’” she added.
Elon Musk’s $44B Twitter buyout challenged in shareholder lawsuit – report
According to Reuter's report, the lawsuit seeks to delay the merger's closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs.
China’s EV maker NIO announces proposed secondary listing on Singapore Exchange
The company has received a conditional eligibility-to-list letter (ETL) from the Singapore Exchange Securities Trading Ltd on May 5, 2022.
Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license
KAF Investment Bank-led consortium was among the low-profile bidders for the digital banking licenses. Besides Carsome, the KAF Investment Bank-led consortium also includes two other FinTech firms, Jirnexu and MoneyMatch.
Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses
The partnership will enable Carsome to capture and serve customers from their early stage of car exploration and bring a more engaging and fun experience to the car transaction and ownership journey.
