India: Shri Bajrang Power and Ispat seeks to raise $93.3m via IPO route
A part of the proceeds from the issue will be used to repay the company’s debt.
Chinese biopharmaceutical firm Adlai Nortye bags $100m in a Series D round
CMG-SDIC Capital and Tigermed jointly led the round.
Alibaba, others weigh bids for Unisplendour stake worth up to $7.7b
Chip conglomerate Tsinghua Unigroup is looking to divest its 46.45% stake in Unisplendour.
Temasek’s portfolio value hits record $283b aided by global equity rally, IPO gains
Several of the investor’s foreign portfolio firms — Airbnb, Roblox, Doordash — had their IPOs in 2020-21.
China Digest: ProfoundBio, Xiaobing AI in funding news
Chinese oncology biotherapeutics company ProfoundBio has raised over $55 million in its Series A round.
People Digest: Group ONE adds David Levy to its board; theAsianparent hires branding officer
Singapore-based theAsianparent has appointed Fiza Hasan Malhotra as its first chief branding officer.
China market regulator okays Tencent’s $3.5b deal to take Sogou private
The deal, announced in September, was for Tencent to buy the 60% of US-listed Sogou that it didn’t own.
Utico makes last-ditch effort to stop liquidation of Singapore’s Hyflux
A new date for the winding up hearing will be set in a pre-trial conference today.