Japan’s Toshiba changes board nominees as two step down in deepening crisis
The shake-up follows an investigation that found the company had colluded with the government to pressure foreign investors.
China’s crackdown on cryptocurrency spreads to Yunnan in southwest
The probe in Yunnan, China’s fourth-biggest bitcoin mining hub, follows restrictions in several other areas.
India’s Shriram Transport Finance raises $266m via QIP route
The issue opened on June 7 and closed on June 11.
India: PhonePe files complaint against Ventureeast with markets regulator
Earlier, PhonePe had filed a complaint against the VC and Affle in SG High Court.
Editor’s take: The week that was — June 7-12
Here’s a quick recap of the significant developments that unfolded last week.
Volkswagen, Ford to exit auto finance business in India
The auto financing arms of VW and Ford to stop giving new credit to dealers in India.
India: Soma Comstar raises $333m from anchor investors ahead of IPO
GIC and MAS, among others, invested in the anchor book.
Corporates join institutional VCs in trying to fix Malaysian startups’ funding constraints
Corporate venturing can be more effective if conglomerates collaborate with institutional VCs.