Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has bought a 29% stake in Kazzinc, a domestic zinc producer controlled by Glencore.
Kuandyk Bishimbayev, deputy head of the fund, refused to disclose the value of the transaction, merely telling reporters that "these were borrowed funds." Samruk-Kazyna already owns stakes worth more than...
Yi Capital, a Beijing-based VC firm founded by two former partners at CDH Investments, has closed its debut renminbi-denominated fund at RMB800 million ($116 million).
Ofo, a Chinese bike-sharing company that completed its $450 million Series D round of funding less than two months ago, has received a strategic investment of undisclosed size from Ant Financial, Alibaba Group’s financial services affiliate.
A consortium led by IMM Investment has agreed to pay KRW188.2 billion ($166 million) for a 25.54% stake in Korean cosmetics manufacturer Able C&C and launched a tender offer to secure control of the business.
DeClout, a holding company focused on developing IT and cloud computing technology providers, has launched a start-up incubator via its venture capital arm in Singapore.