Indonesia’s Fabelio seeks to raise Series D funding, plans IPO in 2022
Its existing backer MDI Ventures is expected to top up in the upcoming round.
Swiss agrichem giant Syngenta starts ‘tutoring’ process with banks ahead of Shanghai IPO
China International Capital Corp, BOCI, and Citic Securities are involved in the process.
India plans tighter e-commerce rules amid complaints over Amazon, Flipkart
Under the stricter proposals, e-commerce companies should not hold flash sales in India.
Bitcoin slumps further as China tightens crypto crackdown
Bitcoin fell as low as $31,333, a two-week trough, dragging down other cryptocurrencies.
Olam proposes rights issue to raise about $445m to pare debt
The issue is sub-underwritten by Olam’s major shareholder and Singapore state investor Temasek.
Sea tops SoftBank in market cap amid Latin America expansion
SoftBank also has a stake in Sea’s regional peers – Singapore’s Grab and Indonesia’s Tokopedia.
Singapore’s CapitaLand acquires properties in France, Vietnam for $156m
The transaction was made through the Ascott Serviced Residence Global Fund.
GLP expands size of European development fund to $4.7b
The fund was originally launched in 2018 as a €2-billion investment vehicle.