Cityneon raised $235 million in the most recent round of private funding from Pavilion Capital, Seatown Holdings International, EDBI and Ron Tan, Executive Chairman and Group CEO of Cityneon. EDBI and Pavilion Capital are existing shareholders of Cityneon whilst new investors include Seatown Holdings International, Qatar’s Doha Venture Capital, and other financial institutions and family offices in Singapore and China. According to ACRA, these are Newyard (family office of Yangzijiang Shipbuilding's major shareholders Ren Yuanlin and his family), Saliendra (the investment arm of GK Goh), Evolve Capital, ICH, and Alan Wang.

Seatown and Pavilion Capital together with EDBI to around 12.19%. Doha Venture Capital holds 4%, Citic 8.25% and the major stake is still held by West Knighton, a joint venture between Tan and Johnson Ko, a Hong Kong-based businessman.   

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook