Indonesia

The group and its 66.48 percent subsidiary, PT XL Axiata Tbk, has entered a non-binding term sheet with Asia Link Dewa Pte Ltd and PT First Media Tbk to facilitate discussions and negotiations for a potential acquisition of 1.82 billion shares or 66.03 percent stake in Link Net.

The team plans to improve service offerings such as more payment methods, better user experience and assortment, bringing its service to more families in each country across the region.

Affordable clear aligners are in demand, as brands from overseas entering Indonesia are seen as unaffordable. 

In addition to the maiden project in Batam, Data Center First will also work with Gaw Capital Partners to originate, evaluate and develop data center projects in Southeast Asia and beyond.

Desty will utilize the new funding primarily for team expansion and user acquisition. This move also marks 5Y Capital's first investment in Indonesia.

Since its launch in September 2016, GREDU has grown its platform, which is currently being used by over 400 schools, bringing its total user base to roughly 400,000. The startup provides its users (students, parents, teachers, and administrators) with a single platform to communicate with each other and keep track of any important details.

The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.

The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.

KLAR plans to use the funding for four business goals including R&D development to achieve economies of scale and treatment optimization, expand the company's talent base, enhance branding, and venture into complementary product offerings

Fairbanc's proprietary data science and machine learning platform leverages supply-chain data of FMCG distributor partners which allows financial institutions to assess credit risk and extend working capital to MSMEs with limited credit history and collaterals, according to the disclosure.