Private Equity
HUSK will use the proceeds to streamline its operations in Cambodia and to expand into Vietnam.
Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom merger
Mekong Capital invests $5m in Cambodian biofertiliser firm HUSK
Malaysia Airports to be taken private by consortium led by Khazanah, EPF
Accion launches $152.5m fund to back financial institutions serving small businesses
Indian insurer Go Digit raises $141m from anchor investors ahead of IPO
More Stories
CVC Capital buys 10.4% stake in Indonesia’s Siloam International Hospitals for $240m
India: Multiples PE joins race to invest in furniture hardware firm Ebco
SE Asia Deal Review: Startup funding nosedives to record low of $227m in April
ChrysCapital investing up to $100m in Indian eye care chain Centre for Sight
Haidilao hotpot restaurant operator Super Hi targets $1.38b valuation in US IPO
Deals
Masan is reducing interest in non-core businesses.
Earnings and Results
Tech unicorn VNG Corporation logged net revenue of VND 7,593 billion ($298.3 million) for the year.
Private Credit
The firm has undergone several organisational changes to revamp its business amid intense competition.
The Philippine foray comes shortly after VinFast opened its first dealership in Indonesia.
Venture Capital
Vietnam is at the core of Reazon Capital’s global investment strategy.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
The firm is part of Galaxy Entertainment, in which MoMo-backer Thien Viet Securities is an investor.
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.