Daewoo E&C announced that its chairman, Jung Won-ju, visited Singapore on Nov. 27 and 28 to meet with the CEOs of Keppel Land and Capitaland Investment, subsidiaries of Temasek Holdings, one of the world’s largest sovereign wealth funds, to discuss collaborative opportunities in global real estate d
SK ecoplant, an environmental and energy firm, along with its subsidiary TES, will collaborate with Ascend Elements, an innovative U.S. waste battery recycling company, to establish a waste battery recycling joint venture (JV) in the U.S. and commence the construction of a pre-treatment facility.On
Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation and joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon
Singaporean investment firm Temasek Holdings has sold off part of its stakes in Celltrion and its distribution affiliate Celltrion Healthcare in a block deal on March 21.The Singapore sovereign wealth fund reportedly sold 390 billion worth of Celltrion stocks and 170 billion won worth of shares in C
The China Daily reported that CATL is considering building an electric vehicle (EV) battery plant in the United States, and this has to do with U.S. import restrictions and rumors about its relationship with Tesla.At present, Germany is the only region where CATL’s overseas plant is located. Accordi
South Korean startups in the non-memory chip sector are coming up with successful results one after another.For example, semiconductor design company SemiFive attracted an investment of 130 billion won on Feb. 16 from Mirae Asset Venture Investment, Korea Investment Partners and Pavilion Capital, a
SK Inc., the holding company of SK Group, has hit the jackpot with its investment in SES Holdings (formerly known as Solid Energy System), a U.S. battery company.SES Holdings announced on Feb. 1 that it will be listed on the New York Stock Exchange (NYSE) on Feb. 4. The company's corporate value
Mirae Asset Group is considering investing an additional 300 billion won in Impossible Foods, a U.S. startup specializing in alternative meat. The group has already invested 180 billion won in Impossible Foods on two occasions in March and August 2020. If the Korean financial group invests an additi
SK Inc. has hit the jackpot by investing in SES (formerly known as SolidEnergy Systems) at an early stage. The value of its investment in the U.S. startup has increased more than 14-fold.SES is taking steps to offer its stocks on the New York Stock Exchange through its merger with a special purpose
LG Technology Ventures has invested in Solid Energy System (SES), a next-generation battery startup in the United States, following SK Inc., Hyundai Motor, Kia Corp. and General Motors.SES disclosed the list of additional investors, which included LG Technology Ventures, announcing the schedule for
SK Inc., the holding company of SK Group, announced on May 11 that it has invested an additional 40 billion won in SolidEnergy Systems, a U.S. company developing next-generation lithium metal batteries.SK Inc. made its first equity investment of 30 billion won in 2018. The company will secure its po
SK Group is expected to make at least 10 times more return on its investment in Solid Energy Systems (SES), a U.S. next-generation battery developer. SES is preparing to be listed on the New York Stock Exchange (NYSE) within 2021.SK Inc., the holding company of SK Group, is the second-largest shareh
The authors are analysts of Shinhan Investment Corp. They can be reached at minseo.cho@shinhan.com and kimkuyri@shinhan.com, respectively. -- Ed. Agtech = Agriculture + TechnologyAgtech refers to the application of cutting-edge tech in agricultural food production. The need for agtech is growing on:
China, Japan and Singapore are pushing for mergers in the shipbuilding industry with a business combination review going on for Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, which are the two largest shipbuilders in the world.In China, the State-owned Assets Supervision and
Short sellers are taking advantage of block deals and the inclusion of certain stocks in the Morgan Stanley Capital International (MSCI) Korea index.Recently, shorting on Celltrion Healthcare Co. surged before a block deal carried out by One Equity Partners, the company’s second largest shareholder.
Singapore`s sovereign wealth fund Temasek Holdings has sold off 3.39 million shares in South Korean biopharma company Celltrion in a block deal worth around 865 billion won (US$764.13 million). This is the second block deal made by Temasek this year. When the first block deal took place earlier this
The National Pension Service (NPS) has been operating without the chief officer of national pension fund management for a year.Temasek Holdings Private Ltd., a state-owned holding company that can be characterized as a national wealth fund owned by the Government of Singapore, sold part of its stake
Ion Investments, which is controlled by Temasek Holdings, a sovereign wealth fund of the Government of Singapore, is selling part of its stake in South Korean pharmaceutical company Celltrion and distributor Celltrion Healthcare in a block deal worth 1.2 trillion won (US$1.12 billion).According to i
Lazada Group is in South Korea seeking partnerships with Korean brands and sellers, promising them new growth opportunities in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.At a Lazada Group-hosted media briefing held today at Millennium Hilton Seoul, the Southeast Asia-focus
IMM Private Equity recently raised a private equity fund (PEF) by attracting 58.69 billion won from the Employees Provident Fund (EPF) of Malaysia, which is one of the largest pension funds in Southeast Asia that recorded a total asset of 220 trillion won at the end of last year. Earlier in August t