Australia’s Westpac to retain NZ business, drops demerger plan
Westpac’s New Zealand unit represents about 10% of its earnings and credit exposure.
SE Asian tech giants have spawned a whole new generation of startup entrepreneurs
Startups like NextBillion.ai and Spenmo were launched by ex-Grab executives.
People Digest: Hines, M&G Real Estate, Credit Suisse make new hires
M&G Real Estate has announced the appointment of Jan Low as head of acquisitions for Asia region.
Tencent-backed Soulgate scraps US IPO plans following new offers to raise capital
The company was aiming for a valuation of up to $1.8 billion on the Nasdaq.
Qatar sovereign fund focusing on realty sub-segments like warehouses, data centres
Most of the investment pipeline will be dominated by deals in Asia and the US.
Two directors resign from Lazada’s board, replaced by Alibaba executives
Luo Wei and Chun Ming Li stepped down as directors of Lazada’s board, show Acra filings.
SEA Digest: SG’s Azentio acquires Indian insurtech platform; Society Pass buys Leflair
Azentio Software acquired Indian firm Candela Labs.
SEA Digest: Mitsui to exit Paiton Energy; CVC to invest in GIC-backed ExamWorks
The buyer of Paiton Energy is RHIS, a subsidiary of the Thailand-listed RATCH Group.