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....
Japan's Heartseed raises $14m Series D
Heartseed, a Tokyo-based biotech start-up specializing in treatments that use cardiac muscle cells to initiate the remuscularization of patients who have suffered heart failure, has raised JPY 2bn (USD 14.3m) in Series D funding.
Shenzhen Capital backs Chinese titanium metal producer
Shenzhen Capital Group has participated in a CNY 2.27bn (USD 321m) funding round for Yunnan National Titanium Metal, a subsidiary of Shenzhen-listed chemicals producer LB Group.
Indonesia e-commerce player Evermos gets $39m Series C
The International Finance Corporation (IFC) has led a USD 39m Series C round for Evermos, an Indonesian social commerce platform that positions itself as an impact play.
Singapore's Qualgro seeks $150m for Fund III
Qualgro Partners, a Singapore-headquartered venture capital firm, is looking to raise USD 150m for its third fund.