News
DBS divests majority stake in AXS to Tower Capital Asia
Singaporean financial firm DBS Bank Ltd (DBS) has on Tuesday announced that it has entered into an agreement to sell a 77.8 percent stake in its payments firm AXS Pte. Ltd. (AXS) to private equity firm Tower Capital Asia.
Sequoia Capital’s China unit sets up office in Singapore – report
HongShan told the FT it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate.
Carsome appoints former PwC Singapore chairman as first independent director
Southeast Asia’s largest integrated car eCommerce platform Carsome Group Inc. has on Monday announced the appointment of Yeoh Oon Jin to its board as its first Independent Director, effective from June 30, 2023.
Malaysia’s Gentari partners KPJ Healthcare to offer clean energy solutions
Gentari Sdn Bhd, a Malaysia-based clean energy solutions provider has partnered KPJ Healthcare Berhad, Malaysia’s largest private healthcare provider to offer clean energy solutions.
Malaysia’s Ni Hsin inks deal with Boustead Technology for EV motorcycles distribution
Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Malaysia main market-listed Ni Hsin Group Berhad, has on Monday inked a partnership with Boustead Technology Sdn. Bhd. (BOUSTECH), a wholly owned subsidiary of Boustead Holdings Berhad, to promote the electric motorcycles known as EBIXON EV Motorcycles.
Indonesia’s Eratani raises further $2M seed funding, bringing total seed funding to $5.8M
Eratani, an Indonesia-based agritech firm, has on Monday announced a further $2 million seed extension funding round, bringing the total seed funding to $5.8 million. The round sees participation by SBI Ven Capital through its joint fund with Kyobo Securities and NTUitive, Genting Ventures, Orvel Ventures & Ascend Angels.
Southeast Asia’s IPO market remains investor favorite amid global economic uncertainties, Deloitte says
Southeast Asia's (SEA) initial public offering (IPO) remains steady despite global economic uncertainties, according to Deloitte recent report. In the last six months, the region's market saw 85 IPOs raising $3.3 billion in proceeds, with an IPO market capitalization of $20.1 billion. This versus the 73 IPOs in the same period last year which raised $3.1…
Indonesia’s GoWork sees business grow by more than 2 times from pre-pandemic levels
Indonesia’s coworking space operator GoWork has reported that its business has grown by more than 2 times from pre pandemic levels. GoWork said in a statement on Monday that the uptick in business is a direct result of its ability to persevere through Covid-19 and its decision to expand its services.
Indonesia’s eFishery raises $200M in Series D funding led by 42XFund
Indonesia’s aquaculture company eFishery has successfully raised $200 million in its Series D funding round, propelling the company’s target to expand Indonesia’s aquaculture farming community and increase fish feed and fresh fish transaction on its platform.
Vietnam’s VinFast said to plan third quarter NASDAQ listing – report
The Vietnam-based EV maker had prepared for a traditional IPO before the capital markets became “very challenging” during the last 18 months, which is why the company opted to merge with a SPAC, chief executive officer Le Thi Thu Thuy said in May.
