News & Press
Follow our news portal and stay up to date with all startup and venture news
Indonesian coal producer Bumi Resources to restructure debt, paring down US$ 2 billion via Preemptive Rights offering
PT Bumi Resources Tbk (BUMI) will issue new shares worth US$ 2 billion. The maneuver was carried out by Bumi Resources to repay its debt to China Investment Corporation along with eight other investors.
Singapore’s Senjo Group invests US$1.2 million in B2B startup Tjaara that is to launch in Middle East
Senjō Group announced that it has partnered with Tjaara, investing US$1.2 million in the Singapore-based B2B marketplace that connects small to medium-sized wholesalers to a network of Mandarin-speaking manufacturers.
Thai F&N to purchase 5.4% stake owned in Vietnamese major Vinamilk for US$500 million
F&N owned by Thailand's richest man, Charoen Sirivadhanabhakdi is to acquire Vietnam Dairy Products JSC (Vinamilk) to expand its market share in Southeast Asia, against Coca-Cola and Pepsi.
Calcutta Angel Network and Appliyifi back startup Vehico for providing automobile IoT solutions
Vehico, an automobile IoT startup has received an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.
Singapore private university, SIM to invest US$35.1 million to support entrepreneurs in Platform E
Singapore private university, SIM has a new initiative where it is investing US$35.1 million in a multi-pronged approach to encourage the building of new startups - in both an entrepreneurship programme, Platform E and funding startups at their pre-seed or seed stage.