Venture Capital
The investment marks the fourth portfolio company for Tristar Fund.
1
India: ValueQuest’s Tristar Fund invests $32m in TASE Global
2
MISC-backed consortium offers to privatise Malaysia’s Yinson at $1.8b valuation
3
India Digest: Cosmoserve Space raises $6m; Daksham Capital hits first close of maiden fund
4
Indonesia is moving ahead with equity market reforms: Investment Minister
5
SoftBank credit risk jumps to 4-year high as AI profitability fears roil market
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Deals
The offer price of 2.50 ringgit per share is 6.4% higher than the preliminary offer in August.
Cosmoserve Space has raised funding from Japan-based Rebright Partners, Aranya Holdings and other investors.
IPOs & Markets
Rosan Roeslani said authorities had made progress on disclosure of holdings above 1%.
Analysis
SoftBank is seen as a bellwether for the prospects of AI investment
Greater China
Advanced packaging could eventually account for as much as half the value of a chip product.
World
This includes a $25m loan tied to a large New Mexico data centre.
Rest of Asia
The total market value of its assets at the end of September was 319.8 trillion yen.
India
The first two commitments will finance renewable energy projects with a combined capacity of 260 MW.
The sweetened offer intensifies a bidding contest with rival suitor AVID.
