Extract raises $300 million from Invesco asset management in order to foster growth

FILE PHOTO: People wait for the start of the Pack’s fifth-year anniversary press conference-Singapore, June 6, 2017. (REUTERS photo/Edgar Su/File Photo

SINGAPORE (Reuters) – Take an extra $300 million in investments made by the asset manager Invesco Ltd (IVZ.As part of the plan, of South-east Asia’s largest ride-from company, to increase from $6.5 billion in total capital for this year.

“The extra investment to step in, take Invesco’s total of $703 million and re-affirms his faith in the grip of the vision and the plan for the region,” the Grab, said in a statement on Thursday.

They turned back, (9984.(T) Seizing, said in April that it was looking to raise another $2 billion this year to invest in the expansion of weeks after the announcement of more than $4.5 billion in finance in South-east Asia ‘, s largest round of private equity funding.

“We have been closely watching the South east Asia region, and have the confidence to Seize the opportunity to unlock new opportunities in on-demand mobility, and the supply of financial services in the region,” said Justin Leverenz, senior portfolio manager for Invesco Fixed income.

Singapore-head-office intervention, such as the regional rival to the Go-S, it has to raise billions of dollars to bring a ride-from the food supply, e-commerce, and the banks of a densely populated region, with a growing number of consumers are using smartphones for commuting to and from work, to shopping-and pay for it.

Reporting by Anshuman Daga; Editing with the ipad, Himani

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