Shell acquires 49% stake in Singapore-headquartered Cleantech Solar


The Anglo-Dutch company will have an option to increase its holding in Cleantech after 2021. The deal is expected to close in January 2019.

Singapore’s GIC to acquire two blocks in S Korean logistics complex for $570m

The two blocks are owned by K-Eco Logis Co., Ltd, a subsidiary of Halla Corp and the developer of the assets.

Go-Jek’s SEA expansion had no impact on our numbers, says Grab exec

Its ride-hailing rival Go-Jek has been revving up its overseas presence after Grab announced the acquisition of Uber’s Southeast Asia business in March this year. Apart from its Indonesian home base, Go-Jek is now also present in Singapore, Vietnam and Thailand.

2018 saw SE Asia’s VC firms announce over $2b in additional dry powder

The surge was driven by expanding purse sizes of corporate venture capital (CVC) units and the entry of bigger first-time funds.

Bermuda court hands lifeline to Noble Group, approves restructuring

The green light from the Bermuda court means that Noble could emerge from restructuring as soon as next week after more than a year of hard-fought negotiations over its $3.5-billion debt pile.

SG Digest: Gobi Partners re-invests in WaveOptics; Umitron gets funding

Gobi Partners re-invests in UK augmented reality startup, WaveOptics while Spiking sells out its first tranche of initial token offering in the first three hours.

Spiral Ventures targets final close of first SEA & India fund in mid-2019

The venture capital firm is seeking to raise between $30 million and $50 million for the Southeast Asia and India fund.

SG’s Visvires New Protein invests in Israeli aquaculture startup ViAqua

ViAqua plans to use the funds to perform research and development, and optimise its final product before bringing it to market.

Natixis Investment Manager launches PE firm Flexstone Partners

US and France-based Natixis Investment Managers has merged three of its private equity affiliates — Euro-PE, Caspian Private Equity and Singapore-based Eagle Asia — to launch Flexstone Partners.

Singapore’s Grab snags $150m from Japanese automaker Yamaha

The funding comes little over a month after Grab raised $250 million from Hyundai Motor and its affiliate Kia Motors.