Business
Hefner Capital offers US$100 million, equity to buy Playboy brand
Hefner Capital, a firm led by Hugh Hefner’s son Cooper, has expressed interest in acquiring the Playboy brand from PLBY Group, according…
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Business
Citic to sell stake in McDonald’s China, HK operations for US$430.3 million
CHINA’S state-owned Citic has agreed to sell its 19.23 per cent stake in the company that operates fast-food chain McDonald’s across China…
Business
FLCT to acquire Tuas logistics facility for S$140.3 million
Trust’s portfolio of logistics and industrial assets will increase from 70.9% to 71.5% after the acquisition is completed FRASERS…
Business
Chick-fil-A announces 2025 Singapore launch in US$75 million Asia foray
AMERICAN fast food restaurant chain Chick-fil-A is opening its first restaurant in Singapore in late 2025, with plans to open two more…
Business
General Motors backs biggest US lithium project with US$625 million investment
GENERAL Motors has committed US$625 million towards what will likely be one of the biggest US lithium mines, reinforcing the carmaker’s…
Business
Horizon Robotics seeks US$696 million in Hong Kong IPO, in what would be city’s largest in 2024
CHINESE autonomous driving firm Horizon Robotics is aiming to raise up to US$696 million in a Hong Kong initial public offering (IPO), as…
Business
Domestic air passenger traffic rises 6% to 13 million in September
2 min read Last Updated : Oct 15 2024 | 7:19 PM IST Domestic carriers flew 1.30 crore passengers in September, which is 6.38 per cent…
Business
CDL Hospitality Trusts acquires boutique hotel in England for £19.4 million
CDL Hospitality Trusts (CDLHT) is acquiring an upscale lifestyle boutique hotel in Exeter, England, as well as two retail units in the…
Business
CapitaLand Ascendas Reit to divest industrial asset in Singapore at S$45.3 million premium
CAPITALAND Ascendas Reit (Clar) is divesting an industrial property at 21 Jalan Buroh in Singapore for S$112.8 million. This is nearly…
News
Hurricane Milton Wreaks Havoc: At Least 11 Dead as Storm Triggers 27 Tornadoes Leaving 3 Million Without Power
Hurricane Milton has triggered at least 27 tornadoes to tear through the state, resulting in at least 11 deaths and leaving millions…
News
Hurricane Milton Strikes Florida with 120mph Winds Leaving More Than 1.5 Million Without Power
Hurricane Milton struck Florida's west coast on Wednesday night as an extremely dangerous storm, causing a "life-threatening" surge and…
Business
Top Glove’s Q4 losses narrow to RM3.6 million on higher sales; proposes bonus issue of warrants
TOP Glove recorded a net loss of RM3.6 million (S$1.1 million) for the fourth quarter ended Aug 31, narrowing from its RM461.7 million net…
Business
Thailand approves US$400 million investment by Continental to expand tyre facility
THAILAND’S Board of Investment (BOI) said on Wednesday (Oct 9) that it had approved a US$400 million investment by tyre maker Continental…
Business
FHT’s distributable income to fall by S$1.3 million after change in Australian unit status
FRASERS Hospitality Trust’s (FHT) pro forma distributable income for financial year 2024 is estimated to fall by S$1.3 million, following…
Business
Digital Core Reit recasts US$716 million loan facilities
PURE-PLAY data centre real estate investment trust (Reit) Digital Core Reit has recast US$716 million of loan facilities which will be…
Business
New York Sun owner nears £550 million deal for Telegraph: FT
THE owner of the New York Sun is close to acquiring the UK’s The Daily Telegraph newspaper for more than £550 million (S$942 million),…
Business
eSIM platform Truely concludes US$3.5 million fundraise led by 1982 Ventures
It intends to use the funds to expand its offerings, including developing business-to-business services for travel operators and airlines…
Business
SEC appeals US$125 million judgment in Ripple Labs XRP lawsuit
THE US Securities and Exchange Commission (SEC) appealed a court decision ordering Ripple Labs to pay a US$125 million civil penalty for…
Business
Azalea’s Altrium funds close at over US$200 million each
Both funds have attracted investors that include institutions, private banks, family offices, external asset managers and high-net-worth…
Business
CapitaLand Ascott Trust to acquire lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan…
Business
CapitaLand Ascott Trust to buy lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan…
Business
Crop trader Olam to pay US$3.3 million fine for delayed cotton sales reports
CROP trader Olam Group will pay a US$3.3 million fine for delayed reporting of cotton sales to the US Department of Agriculture (USDA) and…
Business
HDFC sells nearly $717 million of home loans to reduce credit book
3 min read Last Updated : Sep 26 2024 | 9:20 PM IST By Saikat Das and Preeti Singh Indian lender HDFC Bank Ltd. has sold a housing loan…
Business
Visa processing platform Atlys raises $20 million in Series B funding
Mohak Nahta, CEO and Founder, Atlys 3 min read Last Updated : Sep 24 2024 | 6:10 AM IST Visa processing platform Atlys today announced…