Finance

China-based tech corp Kuang-Chi launches US$250 Global Tech Fund

Shenzhen-based Chinese technology firm Kuang-Chi Group announced on Wednesday the launch of a US$250 million fund to invest in global technology companies.

Bank of Jiujiang seeks to raise US$500 million IPO in Hong Kong

Bank of Jiujiang Co., a lender in eastern China's Jiangxi province, is planning to raise US$500 million IPO in Hong Kong. The potential listing is slated to begin in the second half of 2017.

Indian Aurobindo Pharma acquires Portugal’s Generis for Rs 970 crore in a bid to...

Aurobindo Pharma has inked the binding agreement, through its wholly-owned subsidiary Agile Pharma BV of Netherlands, to acquire Generis Farmaceutica SA from Magnum Capital Partners for a total consideration of 135 million euros.

Hathway Cable Unit GTPL Hathway files papers for IPO to raise US$45 million

Multi-system (MSO) GTPL Hathway, a subsidiary unit of Hathway Cable & Datacom Ltd has filed for a Rs 300 crore IPO (approximately US$45 million) which proceeds will be used to reduce debt. Hathway's IPO will consist of both a primary offer and an offer for sales by the promoters.

Tiger Brokers raises US$29 million Series B funding round backed by CITIC Goldstone, Huagai...

Beijing-based online brokerage company, Tiger Brokers Co has raised up to 200 million yuan (about US$29 million) in a Series B funding round participated by Citic Goldstone Management Co Ltd, and Huagai Capital.

SATS to acquire 10% stake in Evergreen Sky Catering Corp for US$22.3 million from...

Singapore-listed SATS has entered into a conditional share sale agreement with Malaysia Airlines to acquire a 10 percent stake in Evergreen Sky Catering Corporation (ESCC) for RM100 million (about US$22.3 million).

Japan’s Outsourcing Inc acquires German Orizon Holding for US$85.2 million

Japanese-listed corporate Outsource Inc has acquired the full stake in German temporary work recruitment agency Orizon Holdings for US$85.2 million.

Warburg Pincus-backed D&J China launches US$1.45 billion industrial park fund with AVIC Trust

Warburg Pincus-backed integrated business park and suburban office operator - D&J Industrial Property Investment Ltd has launched a RMB10 billion (about US$1.45 billion) fund with AVIC Trust to invest in China's industrial infrastructure.

Temasek Holdings to take stake in Oxford Sciences Innovation

Temasek Holdings Pte, Singapore's state-owned investment fund, said it has become a limited partner in Oxford Science Innovation. The financial terms of the investment were undisclosed.

Indonesian coal producer Bumi Resources to restructure debt, paring down US$ 2 billion via...

PT Bumi Resources Tbk (BUMI) will issue new shares worth US$ 2 billion. The maneuver was carried out by Bumi Resources to repay its debt to China Investment Corporation along with eight other investors.
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