World
The listing of Asyad Shipping is part of Oman’s privatisation drive to attract foreign investors.
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Greater China
The listing could happen in the second half of this year.
India
Licious aims to become EBITDA-positive by August this year, Bloomberg reported.
Xi hosted a symposium with tycoons including Alibaba’s Jack Ma.
The company’s had a valuation of $66b in 2023.
The company last raised $200m in a secondary round at a $5b valuation in June 2024.
Top shareholder Carlyle is selling about 21% of its stake in the company.
It was aiming to go public in London in the first-half of this year.
Rest of Asia
Eneos, Japan’s largest oil refiner, plans to sell 465.2 million shares of JXAM.
The offering consists entirely of existing shares held by investors Bin Hamoodah and Ibbini Investment.