Policy & Regulations
With the termination of its business licence, TaniFund is required to cease all business operations immediately.
Indonesia's OJK revokes TaniFund's P2P lending licence
India's Hindalco considering seeking $1.2b in IPO of its US unit Novelis
Shell to sell Singapore refinery, petchem assets to Indonesia's Chandra Asri and Glencore
SG data platform Atlan secures $105m Series C funding led by GIC, Meritech Capital
SEA Digest: VinFast to enter PH; Thai Syn Pitarn nabs funds; Earth VC backs HyLight
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Malaysia-based PE firm Navis likely to lead funding in CarDekho’s SE Asian entity
Japan’s Reazon Capital eyes 8 SE Asia investments this year
Indonesian startups Tjufoo, Sinbad announce merger, creation of new holding entity
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Deals
The deal size is likely to be around $60 million, sources said.
DealStreetAsia first broke the story of their merger plans in April.
The Lippo Group currently holds an over 75% stake in IDX-listed Bank Nobu.
Private Equity
CVC Capital, an existing shareholder, holds a 26.18% stake in the chain through Prime Health Company Limited.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
The SG-based VC firm is likely to invest over $8 million in the Indonesian restaurant operator.
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
Automakers plan local productions to crack market dominated by Japanese players.
Jago Coffee and Janji Jiwa also offer beverages at low price points.