China's Guangdong Zhenrong Energy, an oil and commodity trader partly owned by state-run Zhuhai Zhenrong Corp, has agreed to pay HK$175 million ($22.57 million) for a controlling stake in Hong Kong-listed Titan Petrochemicals, a debt-laden shipping and oil storage company which was sued by Warburg Pincus for misrepresentation and breach of contract.
According to a statement filed to the Hong Kong Stock Exchange, Titan plans to issue 7 billion new shares to Zhenrong at HK$0.025 each, representing nearly 90% of Titan's enlarged share capital after the...
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects controlled by Global Infrastructure Partners (GIP).