Prologis Inc said it plans to increase rents and spend up to USD 600 million a year for warehouses in Japan. Prologis, based in San Francisco, is the biggest owner of warehouses around the world.
Regions
ZTE developing new smartwatch for mainstream China
ZTE is currently devoting its resources to developing a new smartwatch that would be released to the Chinese market in the first quarter of next year. The device would be almost the same as the Samsung Galaxy Gear, but would be cheaper and could only connect to other ZTE mobile devices.
Fiber optic cable firm, Level 3, may have allowed NSA to tap Google’s fiber network
The New York Times cited reports that have suggested that Level 3 Communications, which controls most of the fiber optic cables that connect everyone to the Internet, may have greenlighted the NSA to tap data from Yahoo and Google. Both companies have announced that they will now start encrypting their data.
Tyber Medical successful closes initial funding round
Tyber Medical, a privately-held medical device company, said it was able to successfully close its initial funding round. Names of the private equity investors who participated, as well as the amount raised were not disclosed.
Sovereign wealth fund-backed Greenko Group commissions fourth wind farm project
Greenko Group said it had completed Matrix, its fourth wind farm located in the state of Karnataka. Greenko is a renewable power company based in India backed by the sovereign wealth fund of Singapore.
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Billionaire and Friendster Inc. owner Vincent Tan is reportedly looking to list his online payments company MOL Global Pte., and has been eyeing a dual listing in the Kuala Lumpur Stock Exchange and either in Hong Kong or Singapore.
LDR Holdings Chief Executive Officer Christophe Lavigne talked to Xconomy 30 days after it had launched an initial public offering, and said money raised from its IPO will help the company expand its presence in the US.
Australia-based task outsourcing platform Airtasker raised an additional USD2 million in a funding round with BridgeLane Capital, Exto Partners, and other private equity investors, to be used for the firm's team expansion.
Philippine-based JG Summit Holdings Inc raised PHP8.8 billion through an overnight equity placement to fund a stake acquisition in Manila Electric Company (Meralco) and other corporate purposes.
France-based biopharmaceutical company Transgene supported the proposal of South Korean contract research and development firm SillaJen Inc to acquire biotherapeutics company Jennerex. Transgene owns 8.5% of Jennerex.
Singapore-based mobile social network for voice Bubbly is in talks with interested partners, including one gaming company, over a possible acquisition, according to the firm's chief executive officer.
A Reuters PE HUB report said venture capital firms like the Ironstone Group are now harnessing the power of algorithms in order to get good deals.
Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.
Australia-based industrial glove maker Ansell Ltd agreed to purchase US-based hand protection product manufacturer BarrierSafe Solutions International for approximately USD615 million in a transaction subject to US antitrust clearance.
