Investments

Space42 and Viasat signed a binding agreement to form Equatys, with founder equity commitments of up to $1 billion once closing conditions are met.

At an SCMP Live panel in Astana, representatives of AIX, HKEX, Alem Capital Management and Gobi Partners discussed how Central Asian companies could connect with international capital, and what a more diversified route beyond traditional resource and trade links might require.

Z.AI proposes a Hong Kong share placement and a separate convertible-bond issue with combined gross proceeds of about $5 billion, subject to closing conditions.

Thailand selected 17 projects worth a planned 121 billion baht for FastPass and announced added tax incentives for eligible BOI-promoted listings.

Enterprise Singapore has opened an office in Boston, its fifth in the United States, to help Singapore companies expand on the U.S. East Coast, and has signed its first U.S. state-level partnership, with Massachusetts.

Grab has been pursuing growth through both acquisitions and expansion of its existing businesses, according to the report. Earlier this year, Grab acquired US-based Stash Financial Inc at an enterprise value of US$425 million and bought Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million.

Australian data center operator NEXTDC plans to raise A$1.1 billion through convertible notes to fund its domestic infrastructure pipeline as AI-driven capital spending rises.

Zankore has signed a senior term loan facility of up to $3.1 billion and is building an initial 100 MW of NVIDIA AI infrastructure in Indonesia.

The Philippine SEC cleared Mynt's proposed GCash IPO of up to PHP 92.32 billion, subject to remaining requirements and final offer terms.

Medtronic plans an approximately $700 million investment in Hong Kong-based Cornerstone Robotics and will gain distribution rights for its Sentire surgical system in select approved markets.