James Murdoch, Uday Shankar float SPAC to raise $300 mn through US listing The SPAC plans to target the media, entertainment, consumer technology, healthcare, and education industries in South and Southeast Asia, with a particular focus on India by
Updated: May 12, 2021 12:44 PM
Lupa Systems Founder and CEO James Murdoch and Uday Shankar, the former Chairman, and CEO of Star India and President of Walt Disney Asia Pacific, have teamed up to float a blank check company Seven Islands Inc that is looking to raise $300-345 million in an initial public offering (IPO).
The Special Purpose Acquisition Company (SPAC) plans to target the media, entertainment, consumer technology, healthcare, and education industries in South and Southeast Asia, with a particular focus on India.
No breakthroughs left to make in electronics, says CEO as company eyes off IPO-by-SPAC
Laura Dobberstein Tue 11 May 2021 // 04:58 UTC Share
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Vietnam s largest industry conglomerate, Vingroup, has announced it will no longer develop televisions and smartphones under its VinSmart brand and instead redirect resources toward its electric vehicle unit, VinFast.
“This is a strategic step to bring VinFast towards its goal of becoming one of the smartest and most convenient electric car manufacturers in the world,” said Vingroup in a canned statement.
The Vietnamese conglomerate said it won t trash its electronics division, will honor warranties, support products and keep its VinSmart factories operational until existing consumer electronics product life cycles end. At that point, they will outsource some of the factory to partners and shift other facilities to new products.
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Tokyo-based Hacobu, a business-to-business logistics optimization startup, has announced that it has secured 940 million yen (about $8.7 million US) in its latest round of funding. Participating investors are JIC Venture Growth Investments (JIC VGI), NN Corporate Capital (Investment arm of Nomura Real Estate Holdings), Toyota Tsusho (TSE:8015), Logistics Innovation Fund (Spiral (TSE:8015), Logistics Innovation Fund (a sector-focused fund managed by Spiral Capital and ledby Seino Holdings as an anchor limited partner), SMBC Venture Capital, Daiwa House Group’s Daiwa Logitech, and Mitsui Fudosan (TSE:8801). For the startup, this round follows 160 million yen funding in November of 2016, 140 million yen funding in November of 2017, and 400 million yen funding in April of 2019. Among the investors participating in the latest round round, Daiwa Logitech and Mitsui Fudosan followed their previous investments made in September of 2017 and September of 2019 respectively. The
Is Danimer Scientific Inc. (DNMR) A Smart Long-Term Buy?
Nelson Capital Management, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. In the letter, the fund discussed their interpretation of the economy’s reopening drives, their asset transactions, tax updates, featured equity, and a special topic about the life after the pandemic. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Nelson Capital Management, in its Q1 2021 investor letter, mentioned (NYSE: DNMR), and shared their insights on the company. Danimer Scientific, Inc. is a Georgia, United States-based biopolymer manufacturer that currently has a $1.5 billion market capitalization. Since the beginning of the year, DNMR delivered a -69.16% return, while its 12-month gains are down by -25.78%. As of May 07, 2021, the stock closed at $17.45 per share.
Glass House Group Announces Upcoming Conference Attendance
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Glass House Group, ( Glass House or the Company ), one of the fastest-growing, privately-held, vertically integrated cannabis and hemp companies in the U.S., today announced Kyle Kazan, Chairman and Chief Executive Officer of Glass House, and Graham Farrar, President of Glass House, are scheduled to give a company presentation at the Canaccord Genuity Cannabis Virtual Conference. The presentation will take place Tuesday, May 11, 2021 at 1:00 p.m. ET | 10:00 a.m. PT, and can be accessed at the following link:
A replay will be available after the conclusion of the conference.