Flights of fancy
Jiangyin Zhongnan Heavy industries is a Chinese steel equipment manufacturer harboring an ambition. The Shenzhen-listed company produces more than 40,000 tons per year of pipe fittings and associated paraphernalia, serving petrochemical, shipbuilding, power and oil refining customers at home and abroad. Now it wants to get into the media business.
Last month, Zhongnan Heavy announced it plans to buy Datang Brilliant Media, a TV content producer. It has also teamed up with ZEG Capital, an investment arm of property developer China Zhongzhi Enterprise...
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.