The shares were transferred to existing shareholders of the firm on 22 November 2018 via Next Generation Finance Management AG.

The firm is also facing repayment demands from three creditors.

They will be issued in denominations of $250,000 on 7 June.

The move comes after the UAE-based firm offered a part cash redemption to its retail investors.

The moves come as Trax is planning for an IPO in the next 18 to 24 months.

Small investors of up to $3,000 could get 50% cash redemption.

The proceeds will be used for upgrades at its processing facilities in Western Australia.

The proceeds will be used to finance acquisitions and asset enhancement works amongst others.

And edtech startup Cudy has raised an undisclosed amount in a seed funding round.

It now owns 40% of lithium ion battery firm EoCell.

And GIC buys minority stake in waste-water management firm WaterBridge Resources.

The firm will indirectly hold a 24% stake in Sincere.

This will mark its first entry into Asia.

The move comes after the private utility and developer submitted a non-binding letter of intent in May 3.

A maximum of CNY300b will be available to eligible Singapore firms.

And check out which Singapore-based REITs is the cheapest.

It sold its interests to Sabir Aliyev, a citizen and resident of the Republic of Azerbaijan.

The proceeds will be used to enhance the platform’s search and match functionality and finance hiring.

Drawn by the growth story in Southeast Asia, corporate venture capital funds by unicorns as well as by foreign challengers are setting their...