Danny Koh News Today

This edition captures fundraising milestones hit by several Asia-focused funds despite a challenging landscape

Singaporean multinational banking and financial services corporation DBS Bank has revealed that it has signed an agreement with private equity firm Tower Capital Asia to sell 77.8% of its stake in AXS Pte Ltd to it.

DBS will continue to retain a minority stake of 9.9% in AXS.

All the big scoops, funding news, deep dives, and more from the week gone by

The firm wants to wait and watch before expanding into other SE Asian markets

The capital raised exceeded the firm’s original target of $300 million.

Editor’s take: The week that was — Feb 1-6 Premium As I highlight the significant developments that unfolded last week, it’s worth a mention how all eyes have been on the frontier market of Myanmar with the military abruptly seizing power in the Southeast Asian nation and declaring a national state of emergency for a year. Our reporters have been tracking the development and the impact on global investors who were just beginning to show interest in t...

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