Edition:
India

Anshuman Daga

China Merchants Commercial REIT raises $327.2 mln in HK listing - sources

04 Dec 2019

HONG KONG, Dec 4 China Merchants Commercial real estate investment trust (REIT) has raised $327.2 million in a public offering in Hong Kong, after pricing the deal at HK$3.42, said two people with knowledge of the matter.

Companies go 'speed dating' in race for Singapore digital bank licences - sources

03 Dec 2019

SINGAPORE About three dozen firms including ride-hailer Grab, Standard Chartered and Singapore Telecommunications are in talks to form consortiums that can meet tough entry norms to bid for Singapore's digital bank licences, sources said.

Thai Beverage considers potential $3 billion beer IPO: sources

29 Nov 2019

SINGAPORE Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning to spin off some regional beer assets in an initial public offering (IPO) that could raise as much as $3 billion, sources close to the matter said.

KKR taps CK Infrastructure, buyout groups for Goodpack sale - sources

19 Nov 2019

SINGAPORE KKR & Co. has tapped Hong Kong's CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden's EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said.

EXCLUSIVE-KKR taps CK Infrastructure, buyout groups as it seeks bids for Goodpack-sources

19 Nov 2019

SINGAPORE, Nov 19 KKR & Co. has tapped Hong Kong's CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden's EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said.

SMFG's chances of buying Permata improve after Singapore banks drop out: sources

15 Nov 2019

SINGAPORE Sumitomo Mitsui Financial Group's (SMFG) chances of snapping up Indonesia's PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued lender, sources said on Friday.

Japan's SMFG boosted after two rivals drop out from Bank Permata bidding-sources

15 Nov 2019

SINGAPORE, Nov 15 Sumitomo Mitsui Financial Group's (SMFG) chances of acquiring a majority stake in PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued Indonesian lender, sources said.

Revolut plans to raise $500 million next year to fund global expansion

12 Nov 2019

SINGAPORE British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and Japan.

FWD in insurance distribution deal with Vietcombank bank, buys venture

12 Nov 2019

SINGAPORE/HANOI Insurer FWD Group has agreed to acquire a unit of Vietcombank, Vietnam's largest listed lender by market value, and forge an exclusive 15-year bancassurance tie-up with the bank, in a deal which one source said is valued at about $400 million.

UPDATE 1-FWD in insurance distribution deal with Vietcombank bank, buys venture

12 Nov 2019

* Transaction is part of FWD's pan-Asian presence (Recasts, adds value of deal, details of FWD's expansion)

World News

Striking unions battle Macron in pensions showdown

Railway workers, teachers and emergency room medics launched one of the biggest public sector strikes in France for decades on Thursday, determined to force President Emmanuel Macron to abandon plans to overhaul France's generous pension system.