
Legend transfers CAR shares to PE-backed Ucar
Legend Holdings, the largest shareholder in Hong Kong-listed China Auto Rental (CAR), has transferred part of its shares in the company to Ucar Technology, a Chinese chauffeured car service provider.
According to a regulatory filing, a total of 125 million CAR shares were transferred to Ucar at HK$13.5 apiece, which represented about an 8% premium over the average closing price in the last 30 days....
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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.