Chinese private equity firm Hony Capital has invested another US$121 million to increase its stake in Australian oil and gas producer Santos, a year after it acquired an interest in the company. Santos sold 40 million shares, or 2.25% of its issued capital, to Hony at A$3.98 apiece. The price is an 11% premium to […]
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IMAX Corporation and IMAX China Holding, Inc have completed the first phase of a US$50 million virtual reality (VR) fund to finance the creation of at least 25 interactive VR content over the next three years for use across all VR platforms including in IMAX's own VR centers. IMAX and its partners, including many Chinese […]
Redbud Capital, an investment platform under Tsinghua Holdings, has teamed up with the State-owned Assets Supervision and Administration Commission (SASAC) of Yiwu City and Zhejiang China Commodities City Group to launch a RMB1 billion (US$150 million) fund-of-funds focused on venture capital. The new vehicle will invest in venture funds, says an announcement without elaboration. It's […]