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Month: November 2020

UK plans tough new powers to intervene in takeovers on national security grounds

Non-compliance could trigger fines of up to 5% of worldwide turnover or £10m, whichever is greater – and imprisonment for up to five years

Tsinghua Unigroup bonds plunge to new low

Dollar and renminbi denominated bonds of cash-strapped Chinese issuer Tsinghua Unigroup Co were heavily sold off this week, following renewed concerns over the company’s debt repayment ability.

Ascendas Reit builds S$1.2bn deal for acquisitions

Ascendas Real Estate Investment Trust has tapped the equity market for S$1.19bn ($887.7m) to finance a global purchasing spree.

Relaxation of Covid-19 aid rules may help PE-backed firms – but will it be enough?

The Government's adjustment to aid for businesses is a welcome step for private equity firms, but it may be a false dawn

FKS raises $255m loan from eight banks

Singapore-based FKS Food & Agriculture has closed a $255m-equivalent dual currency deal with eight lenders.

Redco uses up bond quota to meet refi needs

Redco Properties Group has tackled some of its upcoming maturities by selling a new $266m bond to refinance debt.

Longyuan Power makes strong bond return

Wind power giant China Longyuan Power Group Corp found overwhelming support for its $300m bond sale, with investors giving the firm’s state ownership, deal timing and sector of operation a big thumbs up.

Shenzhou International sell-down nets HK$5bn

The two largest shareholders in Chinese clothes maker Shenzhou International Group Holdings have raised a combined HK$5bn ($644.9m) after selling a chunk of stock in the company.

Bain Capital Ventures, Silversmith among VCs helping risk management solution Venminder to $33m Series C

Third-party risk management solution developer Venminder has scored $33m in its Series C round, which was led by Silversmith Capital Partners.

Google, Andreessen Horowitz back cloud-native networking company Isovalent

Isovalent, a cloud-native networking company, has launched its services to help enterprises connect, observe and secure modern applications with its Cilium product.

ARA, Chelsfield raise green loan for Singapore property

ARA Asset Management and property company Chelsfield have raised a S$385.8m ($286m) green loan to finance the acquisition and renovation of 5One Central, a commercial building in Singapore.

KKR Appoints Jim Rowan as Senior Advisor

SINGAPORE--(BUSINESS WIRE)-- Global investment firm KKR today announced the appointment of Jim Rowan, former Chief Executive Officer of Dyson Ltd., as a Senior Advisor to KKR’s Asia Private Equity team. Mr. Rowan brings more than

StanChart’s south Asia loan syndicate head dies

Sameer Chandra, regional head of loan syndications for south Asia at Standard Chartered, has passed away.

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