Gaw Capital Acquires 50% Of Spanish Boutique Hotel Group Hospes

Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired a 50% stake in Spanish boutique hotel brand Hospes Hotel Group, of which its total asset is valued at €125 million, forming a joint venture with a Spanish investment company Omega Capital.

Malaysia’s Sunway Group Co-launches $50M Fund

Sunway Group one of Malaysia’s largest conglomerates and KK Fund –a Singapore-based VC investing in seed stage startups across SEA, jointly established a new venture fund, Sun SEA Capital, with a planned size of $50 million to invest in Southeast Asian and Hong Kong startups according to their website.

Chinese Space Start-Up S-Motor Reveals Rocket Power System Design

In the backdrop of rapid development of the small satellite market in China, a number of new start-up companies have emerged in China’s private commercial space sector starting in 2017. S-Motor, a space start-up backed by Shenzhen Oriental Fortune Capital Co., Ltd. and HIT Robot Group, has completed the design of its first commercial rocket power system.