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China healthcare platform Waterdrop raises 1 billion yuan in funds from investors including Boyu Capital

Waterdrop, a Chinese online insurance platform backed by Tencent, has raised more than a billion yuan (US$145 million) in a funding round led by private equity firm Boyu Capital.Other backers of the series C round include CICC Capital, while earlier investors including Tencent and Gaorong Capital also took part, the Beijing-based start-up said in a release on Wednesday.Founded by former Meituan Dianping executive Shen Peng in 2016, Waterdrop started as a health care crowdfunding platform for… Source link

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Vietnam 

Mitsui raises Minh Phú Seafood stake to 35 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers on a processing line at a Minh Phú Seafood factory. The company has confirmed its shrimp products are still entering the US as normal. — Photo soha.vn HÀ NỘI  MPM Investments Pte Ltd, a subsidiary of Japan’s Mitsui & Co Ltd, has acquired 60 million shares in Minh Phú Seafood Joint Stock Company (MPC) to raise its stake in the Vietnamese shrimp processor to 35.1 per cent. The purchase was made through a private placement worth nearly VNĐ3.04 trillion (US$130.5 million), equivalent to VNĐ50,630 per share, a 40.6 per cent premium…

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Hangzhou raises US$16.4 billion from land sales in just five months, amid construction binge for 2022 Asian Games

Hangzhou, the provincial capital of the third most indebted Chinese region, raised more funds through land sales than any other Chinese city in the first five months of this year, as the local authority grapples with how to pay for a massive infrastructure and construction binge ahead of the 2020 Asian Games.The city renowned for its picturesque West Lake raised 113.5 billion yuan by selling 295 land parcels in the five months through May, according to calculations by the South China Morning… Source link

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Singapore 

DPM Heng Swee Keat raises alert on fake online reports using his name, Singapore News

SINGAPORE – Deputy Prime Minister Heng Swee Keat has warned the public against false reports that have been circulating online using his name. Mr Heng said in a Facebook post on Friday (May 17) that he had noticed “many fraudulent reports with misleading comments” attributed to him. “One even claimed that I invested in a new company,” said Mr Heng, who is also Finance Minister. “These are untrue.” His Facebook post was accompanied by a photo of a news article purportedly from CNN, with the headline: “Minister of Finance Heng…

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Vietnam 

Government raises $3.65 billion from G-bonds in first months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Staff at the Hà Nội Stock Exchange organise a G-bond auction. — VNA/VNS Photo HÀ NỘI — The State Treasury of Việt Nam has raised VNĐ85 trillion (US$3.65 billion) via G-bond auctions on the Hà Nội Stock Exchange to date this year. In the latest G-bond auction held on Wednesday, the treasury raised more than VNĐ786 billion. The bonds were offered for five, seven, 10 and 20 year terms. The total value of bonds issued to date this year was equal to 27.5 per cent of the annual plan. Average maturity of…

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Ride hailing giant Uber raises US$8.1 billion in US IPO priced near bottom of range in bumpy week for markets

Uber Technologies raised US$8.1 billion in its initial public offering after pricing shares near the bottom of their marketed range.The ride-hailing company sold 180 million shares for US$45 each, according to a statement on Thursday. It had marketed them for US$44 to US$50 apiece.Based on the amount of stock outstanding after the offering, the IPO price gives San Francisco-based Uber a market value of US$75.5 billion, just below its last private market value of US$76 billion. The fully diluted… Source link

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Vietnam 

GoBear raises $80m funding – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  GoBear has received US$80 million in funding to expand its portfolio of products and technologies. — Photo courtesy of GoBear HCM CITY —  Asian financial supermarket GoBear has received US$80 million in funding from Dutch venture capital fund Walvis Participaties and financial services provider Aegon NV. The money would be used to develop products and technology, expand its partner network and fill key positions, it said. Adrian Chng, CEO of GoBear, said: “We are also very interested in partnering with and/or investing in other technology companies who have developed exciting…

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Vietnam 

State Treasury raises more than $90m via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  To date this year, the State Treasury has mobilised nearly VNĐ68.72 trillion through Government bonds issued on the HNX. VNA/VNS Photo HÀ NỘI — The State Treasury of Việt Nam mobilised more than VNĐ2.1trillion (US$90.17 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ3 trillion worth of G-bonds were offered, including five-year and 20-year bonds each valued at a total of VNĐ500 billion and 10-year and 15-year bonds each valued at a total of VNĐ1 trillion. The State Treasury raised VNĐ211 billion worth of 20-year…

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Singapore investment holding firm United Industrial raises stake in Marina Centre for S$485 million

United Industrial Corporation, a subsidiary of UOL Group, is acquiring a further 24.27 per cent stake in indirect subsidiary Marina Centre Private Holdings (MCH) for S$485.3 million (US$358.86 million), to be paid in cash. It already owns a 53.07 per cent stake in MCH.The acquisition is being made through the purchase of shares from the following vendors – 10 per cent from OUE for S$200 million, 10.27 per cent from Finnegan Investments for S$205.3 million and 4 per cent from Mackmoor for US$80… Source link

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Vietnam 

State Treasury raises VNĐ1.8 trillion via G-bond auction – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — The State Treasury of Việt Nam raised VNĐ1.8 trillion (US$78.2 million) through a Government bond auction on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ3 trillion worth of G-bonds were offered, including 10-year bonds valued at VNĐ1 trillion; 15-year bonds worth VNĐ1 trillion and 30-year and 7-year bonds each worth VNĐ500 billion.  The 10-year bonds mobilised VNĐ800 billion with an annual interest rate of 4.72 per cent.  A single bidder bought 10-year bonds at the price of VNĐ500 billion, with a yield rate of 4.72…

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