People
Anh will be VinFast’s fifth chief executive.
1
VinFast names founder's eldest son as its global chief executive
2
India's Asset Reconstruction Company's $77.6m IPO oversubscribed
3
Novo Holdings invests in China wound-care CDMO ForYou Medical
4
Jefferies Asia investment banking head Laskowski moves to vice chairman role
5
China AI developer Z.AI launches $5b Hong Kong share, convertible bond sales
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LeapFrog invests $40m in Marengo Asia Hospitals to fund expansion
ADIA lifts PE allocation, bullish on AI-related investments
SE Asia Deal Review: Startup funding rebounds to $1.34b in August
Indosat, Ooredoo’s Zankore secures $3.1b debt facility for AI infrastructure
Trustar Capital sells Amoy Food to Haitian in China condiments deal
IPOs & Markets
ARCIL acquires stressed assets from banks and financial institutions.
Private Equity
GL Capital, which previously invested in ForYou Medical, will remain the company’s majority shareholder.
Rehan Anwer and David Biller will lead Asia investment banking as co-heads.
Z.AI, formerly Zhipu AI, went public in HK in Jan and raised about $4b in a follow-on share sale in July.
Indonesia
Trikomsel president director Sugialam is understood to be involved in the management of Sayurbox.
Vietnam
Many drivers are planning to stop accepting rides over the weekend.
VinFast plans to develop 27 new showrooms across the Philippines.
World
KKR is picking roughly 5% in the software firm.
Redemption pressures across the industry appear to be easing.
