Fundraising

Update

Suntec REIT looks to expand Australia footprint with $150 mil private placement

SINGAPORE (April 24): Suntec REIT’s manager ARA Trust Management is proposing to issue 84.7 million new units of the REIT at $1.77 to $1.81 per new unit in its bid to raise up to $150 million of gr

Startups • Entrepreneurs • Digital economy

Grab sets sights on US$6.5 bil capital mark

SINGAPORE (April 8): Grab Holdings is expecting to rake in further US$2 billion ($2.71 billion) in funding to bring its total capital raised this year to US$6.5 billion, following its Series H roun

Update

Raffles Education scraps $27.4 mil rights issue in view of recent market conditions, share price falls

SINGAPORE (Mar 6): Raffles Education Corp is cancelling its proposed 2-for-10 rights issue, which would have allowed the group to raise up to about $27.4 million in net proceeds after raising 275.9

Funds

CapitaLand announces launch of US$750 mil discretionary real estate debt fund in China

SINGAPORE (Feb 27): CapitaLand has announced the first closing of its first discretionary real estate debt fund, which the group will hold a 10% stake in. 

Southeast Asia PE deal value surges to $30 bil in 1Q, led by Singapore

SINGAPORE (July 9): Total private equity (PE) and venture capital (VC) deal value in Southeast Asia hit a historic high of US$21.9 billion ($29.7 billion) over 19 deals in 1Q18, significantly up fr

Startups • Entrepreneurs • Digital economy

This vegetable-selling startup's just been valued at $3.7 billion

(Jan 12): Meicai, a China startup that helps farmers sell vegetables to restaurants, has raised US$450 million ($598 million) in a funding round led by Tiger Global Management and China Media Capit

Global Economy

E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

SINGAPORE (Dec 12): Southeast Asia’s internet economy has experienced unprecedented growth over the past year to exceed Google-Temasek initial research projections, with there to be over 330 millio

Grab raises US$750 mil in latest fundraising round

SINGAPORE (Sept 20): Ride-hailing service Grab has raised US$750 million ($1.02 billion) in its latest round of fundraising, led by SoftBank as well as other existing and new investors.

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