New investor agrees to inject $100m into AirAsia’s Thai unit as part of restructuring
Asia Aviation said it had not been able to mitigate the effects of the COVID-19.
French lending major BNP Paribas applies to set up securities firm in China
UBS, Nomura, and JP Morgan have received approvals to take majority stakes in local securities ventures.
China said to be probing how Ant Group got speedy approvals for its IPO last year
Jack Ma’s relationship with certain “state stalwarts” are also being examined, according to WSJ.
India: JSPL to sell stake in Jindal Power to Worldone for $402m
The divestment is in line with JSPL’s strategic aim of continuously reducing its debt.
India: Early-stage investor pi Ventures to raise $76m for second fund
To date, the VC firm has invested in 13 deep tech startups such as Niramai, Locus, Wysa, Agnikul and Pyxis.
SG Digest: Temasek invests in Solugen; ARA Logos divests Australian warehouse property
Solugen will set up new R&D and production facilities in Southeast Asia.
Hillhouse, Temasek-backed COVID vaccine developer Clover files for HK IPO
Clover’s listing attempt comes only two months after it completed a $230-million Series B round.
ADV Partners, Premji Invest acquire majority stake in India’s Micro Plastics
The deal marks ADV Partners’ ninth investment in India.