A US$120 million fund was put up by Swedish firm Brummer and Partners and 20 other investors. A private equity fund targeting Philippine firms worth PHP5 billion or US$120 million was launched today.
Asia/Pacific
Indian government banks need to put up US$25 billion
India state-run banks have been required to submit plans on how to raise US$25 billion. To strengthen risk defenses and to comply with recent changes to the Basel III capital standards, India's state-run banks are required this month to decide on methods to put up more than INR1.
Tata to make export hub out of Indonesia
Tata Motors reported that its investments in Indonesia is aimed to make the country its export hub. Tata Motors Ltd. has made it clear that they will make Indonesia an export hub for their vehicles to the rest of Southeast Asia.
JPMorgan starts to buy South Korean Equities
JPMorgan have started buying South Korean Equities due to their current valuations. JPMorgan Asset Management and Charlemagne Capital Ltd. have started to buy South Korean equities after they are said to be at their lowest valuations since 2009.
Woori Sale Expected to Succeed Through Breakup
The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
Latest News
India's Union Minister of Finance P. Chidambaram went on a four day trip to sell India's investment market.
To prevent a market collapse, India needs more equity investments according to top analyst Prahbat Awashti.
The continued weakening of the rupee and the Federal Reserve's stimulus policy prompted a massive Indian market exit from investors.
Assocham said that investments have dropped in India in a report released today. Assocham, one of India's associations of chambers of industry and commerce reported today that direct investments in the country are looking at a bleak future.
Singapore Press Holdings announced their plans to raise S$523 million through REIT Singapore Press Holding Ltd expressed their plans to raise at least S$523 million or US$409 million through the spinning off of some of its property assets through a real estate investment trust.
Genting and Alliance Global postponed Travellers' initial public offering. Alliance Global Group Inc. and Genting Hong Kong Ltd. said on Tuesday that they would postpone the IPO of Travellers International Hotel Group Inc.
YES Bank is close to securing additional capital funds. YES Bank in a plan to raise around US$500 million would be selling close to 10% equity to two separate private equity investor groups.
Seculert's anti-malware technology raised US$10M from series B round. Seculert conducted a Series B round and raised funds amounting to US$10 million.
Bumi reported they are close to a US$508 million Bakrie exit deal. Bumi, a large Indonesian coal company at the heart of an ownership row, is nearing a US$508 million agreement that will have the Bakrie family exit from their investment in the company, sources who have knowledge of the deal have said.
