Chinese electric vehicle (EV) manufacturer WM Motor has raised $300 million in the extended Series D round led by Hong Kong telecommunication company PCCW and shipping company Shun Tak Holdings.
WM Motor said it expects to raise another $200 million in a second tranche from unspecified global US dollar investors. It follows a RMB10 billion ($1.5 billion) Series D in September 2020 featuring several...
HESTA has acquired a A$120 million ($85 million) equity stake in Australian enterprise software and IT services provider Citadel, following its merger with medical practice software specialist Genie Solutions.
CVC Capital Partners has agreed to sell Malaysia-based snack foods producer Munchy Food Industries to Universal Robina Corporation (URC) – a branded consumer food and beverage business in the Philippines – for MYR1.93 billion ($454 million).
There is not enough capital in Asia to address the number of secondary opportunities – mirroring the situation globally – with investors claiming to have more transaction choices than ever before.
Moore Threads, a Chinese chip designer established 13 months ago by a team from Nvidia, has closed Series A at RMB2 billion ($313 million) led by Shanghai Guosheng Capital, 5Y Capital, and a BOC International fund.