By Andrea Tan
MAS said it supports SGX’s decision to allow dual-class share structures, and that it would review the safeguards.
The deal is set to see 99.co — which is backed by investors including 500 Startups, Golden Gate Ventures, East Ventures, Sequoia India and Facebook co-founder Eduardo Saverin — emerge as a strong competitor to PropertyGuru in Singapore and Indonesia.
Dr Kan, the deputy managing partner for markets at Deloitte Southeast Asia, is bullish on the prospects for equity capital markets of ASEAN.
The two co-working space operators earlier announced plans to merge to compete with industry leader WeWork, whose operational footprint in Asia extends to China, Hong Kong, and India.
Eyeota has raised a $12.5 million Series B while Carousell has closed additional funding estimated at $45 million in 2017.
The deal is claimed to be the largest renewable energy generation buy in history
The funding round in Rokid was also joined by Credit Suisse Group, CDIB Capital International, and existing investor IDG Capital.
The collaboration with ComfortDelGro is expected to give Uber a leg up in its battle for market share with Grab, Southeast Asia’s dominant ride-hailing player.
Lion Global Investors, an OCBC subsidiary, has increased its holding in China’s Maxwealth Fund Management Company to 28.51% from 10% earlier.
Primary listings in Singapore and HK will grant the firms access to two different capital markets in the Apac region