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Editor's take: The week that was—May 20-25

Catch all the important developments of the week in the PE/VC industry. ....

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Singapore's GIC said to be weighing an exit from Indonesia-listed Cinema XXI

Through Salween Investment Private Limited, GIC owns a 22.5% stake in Cinema XXI, making it the second largest investor in the movie chain. ....

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IPO fundraising plunged in Thailand and Indonesia in second half of 2023

Total funding raised in the region dropped 60% amid political uncertainty and China worries. ....

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Booming Box-Office Collections Earns Movie-Theatre Mogul A Spot Among Indonesia Richest

Benny Suherman, cofounder of Cinema XXI, Indonesia’s biggest cinema chain, gets rich from listing gains. ....

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IPO Of Indonesia's Biggest Cinema Chain Mints A New Billionaire

Nusantara Sejahtera Raya s IPO propelled Benny Suherman, the company’s cofounder and major shareholder, into the billionaire ranks with an estimated net worth of about $1.1 billion. ....

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