The highlighted words in red are links to the news article.
July 9, 2021 (last updated at 8.30 am)
- Market News – Wall Street stocks tumbles amid concerns over global growth and Delta variant, Asian shares look poised to follow US equities lower.
- Chinese companies seeking offshore listings need ministry approval.
- USDC stablecoin issuer, Circle, to go public in a US$4.5 billion merger with special purpose acquisition company Concord Acquisition Corp.
- Norwegian telecoms firm Telenor sells its operation in Myanmar to Lebanese investment firm M1 Group for US$105 million.
- Forbes ranks the Chearavanont brothers as the richest persons in Thailand in 2021.
- Vauxhall owner Stellantis to invest more than €30bn (£26bn) in electric vehicles.
- Southeast Asia’s second-biggest budget carrier, AirAsia, eyes US listing this year.
- CTOS digital IPO oversubscribed by 27.6 times, garners 51,494 applications for 1.26 billion shares with a total value of RM1.38 billion.
- Singapore-based SPAC, Fat Projects, files to go public via Nasdaq in a US$100 million initial public offering.
- Southeast Asia is the world’s fastest-growing region for mobile wallets – 311% from 2020 to almost 440 million by 2025 across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
- Malaysian fintech MoneyMatch raises US$4.43 million series A round led by KAF Investment Bank.
- Digital Nasional Bhd (DNB) steps up Malaysia’s fifth generation (5G) network and infrastructure rollout.
- China’s LinkDoc shelves its listing in the United States to raise up to US$211 million following Beijing’s clampdown on overseas listings.
- Tiger Global is top dealmaker – its investments increased by eightfold to more than US$150 billion.