Investment into 3E Membrane Technologies
Tembusu Growth Fund Ltd (“Tembusu”) has entered into an agreement on 17th December 2010 to invest into 3E Membrane Technologies Pte. Ltd. (the “Company”). The Company has developed and manufactured the industry’s first home water filtration system that utilizes a polytetrafluoroethylene (PTFE) Hollow Fiber Micro Filtration (MF) membrane that is further enhanced with a self-cleaning […]
Tembusu Growth Fund II makes its first closing at S$80 million
Tembusu Growth Fund II, a leading private equity fund headquartered in Singapore announced today that it has successfully made its first closing at S$80 million. Tembusu Growth Fund II is a S$300 million Pan-Asian private equity fund comprising of Tembusu Growth Fund II Ltd and Tembusu Growth GIP Fund Ltd (collectively known as “Fund II”) […]
Co-invest plan to grow Singapore into world competitors
The government has announced the launch of a S$500 million co-investment programme. The programme aims to provide growing Singapore enterprises that have successfully gone past the start-up stage with a source of capital that isn’t impatient for returns. Deputy Prime Minister Teo Chee Hean announced the launch of the programme at the Ernst & Young […]
Hongwei Technologies’ Successful Secondary Listing
Hongwei Technologies has successfully done a secondary listing of international depositary receipts in the German Exchange. It listed in Berlin on the 2nd of November 2010. The price upon listing was 0.141 Euros and it is currently trading at 0.138 Euros. It listed in Frankfurt on the 11th of November 2010 at the price of […]
Emily Goh Appointed As Director To Two Boards
As of September 2010, Emily Goh has been appointed as a Director to the boards of Hongwei Technologies and Artivision. Emily Goh is currently Director of Tembusu Partners and Executive Director of Blue Ocean Capital. She has more than 10 years of field experience with regional start up and growth companies in service sectors such […]
Tembusu Partners fully divests stake in Cherie Hearts Group International Pte Ltd
Tembusu Partners (“Tembusu”) is pleased to announce the divestment of its stake in Cherie Hearts Group International Pte Ltd (“Cherie Hearts” or the “Company”) beginning in September 2010. Tembusu first invested in the Company via a loan with detachable warrants in February 2009, and is exiting its investment in Cherie Hearts through a negotiated management […]
Key GIP Updates
Please note the following proposed changes to the existing GIP program: Effective 1st October 2010, GIP applicants must have aggregated company revenue of S$30 million per year for past 3 years. Effective 1st January 2011, Options A and B will require a minimum S$2.5 million investment. Option C (S$1m fund + S$1m property) will be […]
Hongwei Technologies reports a revenue increase of 30.7% in HY2010
Hongwei Technologies’ revenue has increased by 30.7% to RMB 156.7 million in HY2010. This is mainly due to the recovering economy and the increase in consumers’ confidence, which led to an increase in demand for the Group’s products. They have also reported a profit net of tax increase by 33.5% to RMB 36.3 million. In […]
Artivision enters into strategic alliance with ScanScout USA
Artivision has entered into a strategic alliance with ScanScout, a video advertising company in the USA with one of the largest video networks worldwide. Artivision will work with them using 3rd party tag technologies on a value-added in-video monetization service which works on the premise of adding new advertising inventory to existing video assets.
Tembusu Partners fully divests Tongji Environment Pte Ltd
Tembusu Partners (“Tembusu”) is pleased to announce the full divestment of its stake in Tongji Environment Pte Ltd (“Tongji” or the “Company”) in June 2010. The Company is engaged in providing municipal, industrial and sludge wastewater treatment services in the People’s Republic of China. Tembusu first invested in the Company through a combination of convertible […]