THE central bank said its plan to build up capital to P200 billion could be delayed if legislation obliges it to supply seed capital to the proposed Maharlika Investment Fund (MIF). Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. told the Senate banking committee, which is evaluating a bill setting up the […]
Tag: capital
Innovation is the Key Benchmark, Focus on Four Healthcare Industry Sub-Sectors in 2023, Says Jafar Wang of Legend Capital
HONG KONG, Feb 15, 2023 – (ACN Newswire via SEAPRWire.com) – Legend Capital invested in 29 healthcare companies that officially disclosed financing rounds in 2022, according to the VBDATA Database. Since 2007, Legend Capital has continuously invested in healthcare across industry sub-sectors including innovative drugs, biotechnology, medical devices, diagnostic technology, professional services and supply chain. […]
Tulfo seeks review of minimum wage adjustment policies
SENATOR RAFAEL “Raffy” T. Tulfo has filed a resolution calling for a review of existing policies on adjusting minimum wage, citing the need to improve the quality of life of workers, especially those in the low income bracket. “It is the responsibility of the state to ensure that the minimum wage is set at a […]
Balisacan calls for economic model based on sustainable consumption
THE consumption-driven Philippine economy must be revamped to make it more sustainable, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said at a forum in support of the 2023-2028 Philippine Development Plan (PDP). “To achieve transformation, we must introduce systematic changes to our consumption and production patterns, as well as manage our natural […]
Sunway RE Capital Expands Student Accommodation Portfolio with New Acquisition of Freehold Purpose-Built Student Accommodation, Green Wood Court, in Southampton, UK
With 233 beds arranged as 217 non en-suites and 16 studios, Green Wood Court has achieved a 100% occupancy rate for the academic year 2022/2023 The freehold Purpose-Built Student Accommodation (“PBSA”), Green Wood Court, is located just a few minutes’ walk from the University of Southampton’s Highfield and Bolderwood campuses with established connection links to […]
Broadhill Capital Announces its Capital Deployment Strategy for 2023
LOS ANGELES, CA, Jan 24, 2023 – (ACN Newswire via SEAPRWire.com) – Broadhill Capital announced today that the firm will target to commit equity investment of USD $15 Billion across approximately 100-150 businesses. “We expect to make non-control equity investments into businesses that have the potential to achieve 5-10x revenue growth with our capital commitment,” […]
Avendus appoints Sumit Dayal as Independent Non-Executive Director in Singapore
SINGAPORE, Jan 10, 2023 – (ACN Newswire via SEAPRWire.com) – Avendus, one of India’s leading institutional financial services companies, announced the appointment of Sumit Dayal as Independent Non-Executive Director in Singapore today. He will provide guidance and corporate governance oversight as a Board member to Avendus Capital Pte. Limited (Singapore). Sumit Dayal A seasoned banker […]
JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin
LONDON, Dec 15, 2022 – (ACN Newswire via SEAPRWire.com) – Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group. The funding round was also supported by […]
Legend Capital Portfolio Company Bespin Global Completes USD100m Series D Financing
HONG KONG, Dec 15, 2022 – (ACN Newswire via SEAPRWire.com) – Legend Capital Portfolio Company Bespin Global, a Korea-headquartered cloud services company, has recently completed its Series D round financing of USD100 million, which will be used mostly for acquisitions. Concurrent with the investment, the investor, e& Enterprise, a leading digital services provider in UAE […]
Led by Legend Capital, GS Biotech Completes Nearly CNY100 million Pre-A Round Financing
HONG KONG, Dec 9, 2022 – (ACN Newswire via SEAPRWire.com) – Recently, Zhongke Guosheng (Hangzhou) Technology Co., Ltd (hereinafter referred to as “GS Biotech”) officially announced the completion of its nearly CNY100 million pre-A round financing, led by Legend Capital. The proceeds will be mainly used for the capacity expansion of core pipeline products 5-hydroxymethylfurfural […]
San Miguel secures SEC permit to sell P60-B bonds
SAN MIGUEL Corp. has received the permit to sell P60 billion worth of fixed-rate retail bonds from the Securities and Exchange Commission, the listed firm said on Thursday. In a disclosure to the Philippine Stock Exchange, San Miguel said it received the permit dated Nov. 22. The bonds will have a base offer of P40 […]
Legend Capital Portfolio Company Atour Successfully Lists on Nasdaq
HONG KONG, Nov 13, 2022 – (ACN Newswire via SEAPRWire.com) – On the evening of November 11, Beijing time, Legend Capital portfolio company Atour Lifestyle Holdings Limited (“Atour”) was officially listed on the Nasdaq Stock Exchange in the United States. It has priced its initial public offering of 4,750,000 American Depositary Shares (“ADSs”) at US$11.0 […]
Led by Legend Capital, PureFDA Secures Over CNY100 million in the Series B Round
HONG KONG, Nov 10, 2022 – (ACN Newswire via SEAPRWire.com) – Recently, PureFDA Medical Technology (Guangzhou) Co., LTD. (hereinafter referred to as “PureFDA”) announced the completion of the Series B round of financing of over CNY100 million, which was led by Legend Capital and followed by the existing shareholder Bayland Capital. This round of funds […]
Megawide board OK’s capital hike to P5.12 billion
MEGAWIDE Construction Corp. announced on Monday that its board of directors recently approved an increase in the company’s authorized capital stock to P5.12 billion from P5.08 billion currently. The authorized capital stock of preferred shares will increase to 186 million from 150 million, the company told the stock exchange. “The increase in authorized capital stock […]
Legend Capital Portfolio Company Giant Biogene Successfully Lists on the HKEX
HONG KONG, Nov 7, 2022 – (ACN Newswire via SEAPRWire.com) – On November 4, 2022, Legend Capital portfolio company Giant Biogene (2367.HK) was successfully listed on the main board of the Hong Kong Stock Exchange. The number of Giant Biogene’s offer shares under the global offering is 22,608,800 shares at an issue price of HK$24.3 […]
RCBC gets P27B capital infusion from SMBC
THE Board of Directors of Rizal Commercial Banking Corp. approved Thursday, Nov. 3, 2022, the increase in the shareholding of Sumitomo Mitsui Banking Corp. (SMBC), an existing shareholder of 4.999 percent of the total outstanding common stock of the bank, to 20 percent through the combined sale and subscription of an aggregate of 382,057,224 common […]
Led by Legend Capital, ClinBrain Completes Nearly CNY200 million Series C Round
HONG KONG, Nov 1, 2022 – (ACN Newswire via SEAPRWire.com) – Recently, the healthcare big data leader ClinBrain completed the Series C round of financing of nearly CNY200 million, led by Legend Capital. This round of financing will facilitate ClinBrain to continuously deepen its expertise in the field of healthcare big data, explore the deep […]
Led by Legend Capital, Easy-Flow Raises Tens of Millions of CNY in Angel Round
HONG KONG, Nov 1, 2022 – (ACN Newswire via SEAPRWire.com) – Shanghai Easy-Flow (“Easy-Flow”) recently completed its Angel financing round by raising tens of millions of CNY, led by Legend Capital. The fresh capital will be used for the R&D of Easy-Flow’s peripheral intervention pipeline. Data shows that there are a large number of patients […]
Filipinos flock to cemeteries for Nov. 1 tradition
CEMETERIES across the Philippines were abuzz on Tuesday as Filipinos were again allowed to observe the Nov. 1 tradition of bringing flowers, lighting candles and even sharing a meal with family at the burial site of departed loved ones. Anjonalyn Arago was one of the millions of workers in the capital region Metro Manila who […]
Co-Led by Legend Capital, Top Gene Delivery Enterprise VectorBuilder Secures CNY410mn in Series C Round
HONG KONG, Oct 20, 2022 – (ACN Newswire via SEAPRWire.com) – VectorBuilder Biotechnology (Guangzhou) Co., Ltd. (hereinafter referred to as “VectorBuilder”), a top gene delivery enterprise, recently announced the completion of its Series C round with CNY410 million, co-led by Legend Capital. The proceeds will facilitate VectorBuilder in continuously promoting the upgrading and capacity expansion […]