India
Negotiations are said to be at a fairly advanced stage.
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Singapore SPAC Ocean Capital Acquisition refiles for $60m US IPO
5
IFC proposes $60m loan to Bangladesh pharma firm Renata
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Lamudi in advanced talks to acquire Indonesian proptech startup Ideal.id
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Quadria Capital said to weigh investment in Vietnam’s Tam Tri Medical
Rest of Asia
The proposed senior secured A loan will finance the working capital needs of the Bangladeshi firm.
World
The credit line is with JPMorgan, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC.
The Gunawan family would be open to paring down their own 46.52% stake and selling control of the bank.
The solar-wind hybrid project will start commercial operations in the third quarter of 2025.
If the stake were sold down, the banking arm would no longer be counted as a consolidated subsidiary.
Greater China
WuXi Biologics is said to be working with advisers to test interest in some of its European facilities.
Indonesia
A unit of US-based water treatment solutions firm Gradiant acquired all shares in Singapore’s SpaceAge Labs last week.
The potential acquisition will allow Lamudi to enter the mortgage space.
During one week last month, Li Auto’s deliveries surpassed those of Mercedes-Benz, BMW, and Audi.
