Singapore-based Transpac Venture Management is launching an...
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Singapore-based Transpac Venture Management is launching an $80-million fund to invest in emerging growth companies in the six-member Assn. of South East Asian Nations region and Asia’s newly industrializing economies.
The Asia Venture Fund will issue up to 800 share units at $100,000 each to non-Singapore residents, with a minimum subscription of two units per investor, Transpac officials said.
The fund will be managed by Singapore’s Transtech Venture Management Ltd. and Techno-Ventures Hong Kong Ltd.
Transpac is jointly owned by the Development Bank of Singapore Ltd. and National Iron & Steel Mills Ltd., said Ang Kong Hua, president of Transtech and managing director of National Iron.
Nomura Singapore Ltd., a unit of Japan’s Nomura Securities Co., and DBS Bank will act as issue managers and placement agents for the fund.
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