IPOs & Markets
The listing is set to be the largest since LG Energy Solution’s IPO in Jan 2022.
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People Digest: Moglix appoints new CFO; SG's Finmo names CMO
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China to raise technical standards for EV batteries to reduce explosion risks
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India: Ujala Cygnus to buy Amandeep Hospitals; ASG to acquire Prism Eye Institute
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India Digest: Centre for Teacher Accreditation, Cura Care in funding news
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Malaysian telco U Mobile to partner with China's Huawei, ZTE for 5G network
More Stories
Whatever creative structure is used, value creation must prevail: Gaia Investment Partners
Indonesian agritech startup Semaai said to have closed bridge round
ABC Impact closes Fund II with expanded LP base, including ADB
GXS Bank acquires Validus Group’s SG business to grow SME lending
Indonesia’s Fore Coffee surges 34% on market debut
Deals
SC Capital plans to rebrand the asset under the Oriental Express brand.
Analysis
Tesla has not been able to tap Saudi partly due to a feud between Musk and PIF.
The merger was backed by a $110m funding round led by Sanabil Investments.
Foxconn is set to introduce an electric bus and a battery-powered microbus in Japan in 2027.
Private Equity
KWAP is seeking diversification and cross-border investment growth.
EQT will retain a minority stake in Five Good Friends.
Three firms – Asahi, Suntory and Nissin – have deferred their issues.
The offering is set to open for public subscription on June 10.
Venture Capital
The proceeds will help Haball’s expansion into the Middle East, starting with Saudi Arabia.
