In March 2019, Shopmatic acquired 50.1% stake in omnichannel management software for brick-and-mortar stores called Octopus Retail.
Malaysia extends tax incentives for VCs, angel investors to 2023
China Digest: Sequoia leads $16m round for Alfilo; ZhenFund backs SaaS firm USP
Vietnam’s Bamboo Airways eyes $1b market cap with listing next year
People digest: Taubman appoints new Asia president; MoFo adds HK partner
Netmarble eyes diversification with proposed Woongjin Coway deal
Sequoia Capital announces 20 startups for accelerator Surge’s 2nd batch
PE firm Navis Capital acquires Malaysian durian company Hernan
SoftBank urges portfolio companies to focus on profitability first, IPOs later
LGT Capital hits final close of fourth Asia-focused PE fund at $1b
Asia PE-VC Summit 2019: Grab’s Tan Hooi Ling on super app ambitions & IPO plans
Recent SGX deals have included investment in companies such as BidFX and 1exchange, a blockchain tech platform.
Tanglin has already made half a dozen investments from its first fund.
The region's real estate portals had a busy week, with PropertyGuru filing for an IPO and rival 99.co joining forces with ASX-listed REA Group.
ING is creating a $65 million three-year revolving facility for the healthcare-focused fund.
SGX-listed crushed limestone producer GCCP Resources will acquire Indonesian palm oil producer, Arjuna Utama Sawit, in an RTO deal.
Such state-owned funds were involved in 49 announced deals, up from 46 with a total value of $15.5 billion in the previous quarter.
This acquisition will bring the Singapore-based Mapletree's portfolio to 30 properties in 15 cities in the UK.
China will continue to take up the bulk of the second fund but ZWC expects to tap more early-stage deals in Southeast Asia.
IPOs & Markets
The world’s most-profitable company first flagged a public share sale in 2016 and is expected to list with a valuation of between $1.1 trillion to $
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