Deals
The joint venture plans to establish up to 125 MindChamps preschool centres across California.
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Asia Digest: B Capital-led consortium to buy Russell Investments; MindChamps enters California
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SK Hynix's US debut after $26.5b IPO to test AI appetite
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Marex to buy Singapore clearing business firm Bright Point International
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Tencent in talks to become largest shareholder of AI startup Manus
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Indonesia's RANS makes blockbuster debut as IPO dream run continues
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IPOs & Markets
SK Hynix shares have dropped a quarter from their record high hit two weeks ago.
The deal will add roughly $800 million in client balances.
Tencent, together with Manus’ original investors, is planning to buy the company back for at least $2b.
The stock rose 34.12% from its IPO price shortly after trading opened.
Rest of Asia
GPIF is one of the world’s largest pension funds.
Greater China
Huatong is expanding its production capacity in Tanzania and Cameroon.
India
Temasek charts a path to take on opportunities beyond the traditional fund allocations.
It is offering 35.6 million new Class A shares at HK$268 each.
Singapore
The new funds may remain connected to the broader BEENEXT platform.