Deals

China’s Ant Group refinancing $6.5b credit line

The company plans to allocate $1.5 billion of the borrowing quota for its overseas arm.

VPCA’s member firms include Do Ventures, AVV, and GGV, among several others.

Olam Agri increased its takeover bid to counter rival bidder LDC.

DFC has more than doubled its investments in the Indo-Pacific to over $9.5b in last three years.

Altas has committed to invest $1b of equity as part of the transaction, Sedgwick said.

The companies aim to enhance financial access for underbanked businesses across SE Asia.

Crown Trust and DeVC also participated in the round.

Seven & i earlier rejected its $38.5 billion offer.

A merger between Taishin and Shin Kong would make it the island’s fourth-largest financial firm.

Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.