Investment & Financing
CBC-led Consortium Acquires Significant Equity Interest in Korea's Largest Medical Aesthetics Company
SEOUL, South Korea, Aug. 24, 2021 /PRNewswire/ -- A consortium led by CBC Group ("CBC") announced today the signing of definitive agreements to acquire a 46.9% equity interest (the "Transaction") in Hugel, Inc. ("Hugel", 145020.KQ) from Bain Capital. The market capitalization of Hugel is appro...
Echion Technologies, Cambridge, UK, Is Pleased To Announce Completion Of £10M Series-A Funding Round
CAMBRIDGE, England, Aug. 24, 2021 /PRNewswire/ -- Echion Technologies ("Echion") is a leading developer of next generation materials for Lithium-Ion batteries. Its products deliver a unique combination of fast-charging capability, cost-effectiveness, and high energy density; vital for the world's...
ScaleUp Malaysia Launched Cohort 3
KUALA LUMPUR, Malaysia, Aug. 24, 2021 /PRNewswire/ -- ScaleUp Malaysia today launched Cohort 3 of their programme targeting high growth scaleups. In launching Cohort 3 ScaleUp Malaysia announced that they have entered into partnerships with two venture capital firms,Singapore-based Quest Ventures...
China Zenix Auto International Limited Announces Engagement of Legal and Financial Advisors to the Special Committee
ZHANGZHOU, China, Aug. 24, 2021 /PRNewswire/ -- On August 10, 2021, China Zenix Auto International Limited (OTC: ZXAIY) (the "Company"), one of the largest commercial vehicle wheel manufacturers in China in both the aftermarket and OEM market by sales volume, announced that its board of directors...
Baidu's Xiaodu Closes Series B at $5.1 Billion Valuation
BEIJING, Aug. 24, 2021 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that Xiaodu Technology ("Xiaodu") has closed Series B financing at a$5.1 billion post-money valuation ("Transaction"). "We are pleased to see the r...
Exyte strengthens its equipment and engineering services business by acquiring Critical Process Systems Group
Acquisition of US-based Critical Process Systems (CPS) Group from Wynnchurch Capital Manufacturing and design business of CPS to complement Exyte offerings Growth acceleration through complementary regional footprint and synergies in semiconductor and life science markets Completion of transact...
Cargill to acquire Aalst, leading Asian chocolate supplier
Investment expands Cargill's Asia-Pacific cocoa & chocolate offerings in a move to better serve industrial and foodservice customers. SINGAPORE, Aug. 24, 2021 /PRNewswire/ -- Responding to an Asian marketplace sweet on chocolate products,Cargill has entered into an agreement to acquire Aalst Cho...
Cargill to acquire Aalst, leading Asian chocolate supplier
Investment expands Cargill's Asia-Pacific cocoa & chocolate offerings in a move to better serve industrial and foodservice customers. SINGAPORE, Aug. 24, 2021 /PRNewswire/ -- Responding to an Asian marketplace sweet on chocolate products,Cargill has entered into an agreement to acquire Aalst Cho...
MioTech Secures Series B+ Financing Round from Guotai Junan International and GIC
HONG KONG, Aug. 24, 2021 /PRNewswire/ -- MioTech, the AI-based sustainability data and solutions provider, announced today that it has raised investments from Guotai Junan International (1788:HK) and GIC in its latest series B+ funding round. The company's earlier investors include ZhenFund, Hori...
Financial Institutions Partnering with a Cloud Service Provider Can Better Leverage Technological Innovations
Service providers with advanced solutions can help financial institutions get the most value from their existing data while keeping it secure and accessible, finds Frost & Sullivan SANTA CLARA, Calif., Aug. 24, 2021 /PRNewswire/ -- Banks and other financial service industry (FSI) businesses are ...
Bigtincan Signs Definitive Agreement to Acquire Brainshark
Combination of #1 Sales Enablement platform with the leading enterprise Sales Readiness platform creates a complete system to ensure customer-facing teams are "buyer ready" in the all-digital world WALTHAM, Mass., Aug. 24, 2021 /PRNewswire/ -- Bigtincan (ASX:BTH), the global leader in sales ena...
Bigtincan Signs Definitive Agreement to Acquire Brainshark
Combination of #1 Sales Enablement platform with the leading enterprise Sales Readiness platform creates a complete system to ensure customer-facing teams are "buyer ready" in the all-digital world WALTHAM, Mass., Aug. 23, 2021 /PRNewswire/ -- Bigtincan (ASX:BTH), the global leader in sales ena...
Paradox Acquires Traitify to Further Streamline Hourly Hiring with Fast, Simple, Next-Generation Assessments
Currently integrated, Traitify will help Paradox clients better predict a candidate's suitability for a role with a mobile-first, visual-based assessment that candidates can take in just a few minutes — increasing completion rates to more than 96% SCOTTSDALE, Ariz., Aug. 23, 2021 /PRNewswire/ --...
Paradox Acquires Traitify to Further Streamline Hourly Hiring with Fast, Simple, Next-Generation Assessments
Currently integrated, Traitify will help Paradox clients better predict a candidate's suitability for a role with a mobile-first, visual-based assessment that candidates can take in just a few minutes — increasing completion rates to more than 96% SCOTTSDALE, Ariz., Aug. 23, 2021 /PRNewswire/ --...
FreeWave Technologies' Joint Venture With ModuSense To Accelerate Connected Solutions To The Unconnected
Combined forces promising breakthrough innovation and go-to-market agility BOULDER, Colo., Aug. 23, 2021 /PRNewswire/ -- To transform geographically disperse industrial operations, you need visibility to intelligent data at the edge — as well as the ability to proactively manipulate it and ma...
Vinamilk ramps up R&D efforts to win big globally
HO CHI MINH CITY, Vietnam, Aug. 23, 2021 /PRNewswire/ -- The Vietnam Dairy Products JSC (Vinamilk) is accelerating R&D efforts to create innovative products enriched with local flavours to satisfy global customers' diverse tastes. With its strategic investment in product development, internation...
Jebsen Group Charitable Fund Establishes Significant New Partnerships with Five Hong Kong Mental Health Charities
HONG KONG, Aug. 23, 2021 /PRNewswire/ -- Jebsen Group announced today that the Jebsen Group Charitable Fund has partnered with and made donations to five of Hong Kong's notable mental health charities - Mental Health Foundation HK, Comfort Care Concern Group, Hong Kong Expressive Arts Therapy Serv...
Risen Energy expands Power Purchase Agreement with BHP to further cut Nickel West's emissions
NINGBO, China, Aug. 23, 2021 /PRNewswire/ -- Risen Energy has expanded its 10-year renewable power purchase agreement (PPA) for their Merredin Solar Farm from 20MW to 50MW of electricity to BHP's Nickel West operations. Commencing on 1st August, the additional 30MW will be directed to BHP Nickel...
Lifepal raises $9 million in Series A funding to make financial protection more accessible in Indonesia
JAKARTA, Indonesia, Aug. 23, 2021 /PRNewswire/ -- Lifepal, the largest digital direct-to-consumer (D2C) insurance marketplace inIndonesia, announced it has raised an oversubscribed$9 million in Series A funding led by ProBatus Capital with participation from Cathay Innovation, Insignia Ventures P...
Insilico Medicine Collaborates with BioNova to Develop Small Molecule Drugs for Hematologic Malignancies
SHANGHAI, Aug. 20, 2021 /PRNewswire/ -- Insilico Medicine ("Insilico"), an end-to-end artificial intelligence-driven drug discovery company, and BioNova Pharmaceuticals (Shanghai) Ltd. ("BioNova"), a clinical-stage biopharmaceutical company, today announced entry into a collaboration agreement to...
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