Business
SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and…
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Business
US recovers US$225 million stolen in crypto scam
The US government said on Wednesday it recovered US$225 million in the largest seizure yet of money stolen in a cryptocurrency confidence…
Business
PEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
Engineering company PEC was delisted from the mainboard of the Singapore Exchange (SGX) at 9 am on Thursday (Jun 19), after Alliance…
Business
Sats prices US$100 million in fixed-rate notes at 4.648%
In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per…
Business
Far East Orchard secures £96 million for private fund to develop UK student accommodation
This supports the company’s pivot ‘towards an asset-light model and its objective of growing recurring fee-based income’ Far East Orchard…
Business
Meta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own…
Business
Wilmar to buy over Nigeria-incorporated palm oil business from British JV partner for US$70 million
Wilmar International is buying the remaining stake it does not already own in a Nigeria-incorporated palm oil business from its…
Business
Singtel’s Optus reaches settlement over alleged sales misconduct, including A$100 million proposed penalty
Optus Mobile has reached a settlement with the Australian Competition and Consumer Commission (ACCC), which filed court proceedings…
Business
CapitaLand China Trust to raise 748 million yuan via divestment for C-Reit listing
CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the…
Business
CapitaLand China Trust to divest retail property for 748 million yuan
CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the…
Business
Haidilao operator Super Hi swings to US$11.9 million Q1 profit on forex gains, delivery growth
Super Hi International, the operator of Haidilao’s international business, posted a net profit of US$11.9 million for the first quarter…
Business
Nintendo says sold record 3.5 million Switch 2 consoles in first four days
Nintendo said on Wednesday it had sold a record 3.5 million Switch 2 units worldwide in the first four days after the console was…
Business
Record 3.5 million Switch 2 consoles sold in first four days, says Nintendo
The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up 3.5 million units in its first four…
Business
Keppel Infrastructure Trust to divest 24.6% stake in Australian bus service business for A$130 million
Keppel Infrastructure Fund Management, the manager of Keppel Infrastructure Trust (KIT), is divesting a 24.6 per cent stake in an…
Business
Elite UK Reit to acquire three UK government-leased assets for £9.2 million
The manager of Elite UK Real Estate Investment Trust (Reit) announced on Tuesday (Jun 10) that the Reit has entered into a conditional…
Business
Atome to get US$75 million from Lending Ark as credit demand grows
As traditional credit markets in the US and Europe falter, private credit investors are turning their attention to emerging markets, drawn…
Business
Sasseur Reit receives up to 508 million yuan from sponsor for refinancing
Sasseur Real Estate Investment Trust’s (Reit) said a wholly owned subsidiary of its sponsor has entered into an unsecured sponsor loan…
Business
Lightstone Ventures, Temasek’s ClavystBio co-lead Allay Therapeutics’ US$57.5 million Series D funding
The company’s technology is used to create analgesic products that can aid patients with post-surgical pain management and recuperation…
Business
Keppel divests S$80 million of assets as part of multi-billion dollar monetisation programme
Asset manager Keppel is divesting its stakes in a New-York based company and an integrated agricultural logistics park in China to unlock…
Business
Sats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says Ground handler Sats is proposing…
Business
Sats proposes 4.2 million euro sale of 49% stake in Servair joint venture to Swiss airline caterer Gategroup
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says Ground handler Sats is proposing…
Business
Peter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator
Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly…
Business
CapitaLand Malaysia Trust proposes sale of 435.4 million units to raise RM250 million
The manager of CapitaLand Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Tuesday (Jun 3) proposed a placement of up to…
Business
Virgin Australia returns to stock market with launch of A$685 million IPO
Virgin Australia is set to return to the stock market after a five-year absence, with the Bain Capital-owned airline launching a A$685…