Private Equity
MPM sources its materials from Thailand.
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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
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The investment includes $50m from IFC’s account and the rest from external investors.
Deals
Gulf Energy is valued at $17.25b, while Intouch has a market cap of $7.72b.
The projects include data centres from China, Singapore, and Thailand.
The Shenzhen-based firm will create 1,000 jobs in Thailand.
Analysis
Female-led startups secured 5.2% of total deal volume and just 2.1% of total capital raised in 2024.
Climate Tech & ESG
Vemanti also plans to buy the remaining 49% of XPLOR.
The fund targets $3b in total commitments.
The investment will be made over five years.
Actis-backed Levanta Renewables (Thailand) is buying the stake.