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: 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.
Carlyle, Bain submit separate bids to buy 70% stake in South Korea’s Hanon Systems
The stake in the automotive AC systems maker is worth $5.8b, the Korea Economic Daily reported.
India: Access PE exits investment in adult diaper maker Nobel Hygiene
Access PE had invested Rs37 crore in Nobel in 2013 for a 29% stake.
Sunway aims for IPO in 6-8 years after sale of 16% in healthcare unit to GIC for $180m
Funds will be used to build six hospitals, and ambulatory care centres, among other things.
China Digest: Edtech firm Spark Education, biopharma firm Abbisko file for IPOs
Spark Education is moving towards a listing even as Chins tightens its scrutiny over online education.