Business
LMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital Lippo Malls Indonesia Retail…
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Business
Aster invests US$155 million to expand Singapore’s Bukom refinery capacity
Aster Chemicals and Energy said on Tuesday (Dec 9) that it has invested US$155 million in rejuvenation projects at its Bukom refining…
Business
Crypto exchange HashKey seeks up to US$215 million from Hong Kong IPO
HashKey Holdings, operator of Hong Kong’s largest licensed crypto exchange, is seeking to raise as much as HK$1.67 billion (S$279 million)…
Business
Granite Asia raises US$350 million for fund backed by Temasek, Khazanah, INA
Granite Asia, a Singapore-based investment firm, said on Tuesday (Dec 9) that it had raised more than US$350 million in the first close of…
Business
CLI-backed SC Capital starts work on US$600 million first phase of Osaka data centre
The 100MW facility in a prime location will have direct access to robust power infrastructure and major network routes Singapore-based…
Business
VinFast to invest US$500 million in India to expand manufacturing
The company plans to increase production to 150,000 annually within a year and double it in the next three years VinFast Auto, Vietnam’s…
Business
Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan
Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group, is acquiring a 15 per cent equity interest in…
Business
Fossil hunters find tracks of animals from about 3 million years ago – a first in South Africa
South Africa is well known for its fossil heritage, a record of plants and animals that tells us what the world was like long ago. Over…
Business
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO Meesho’s US$604 million…
Business
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
Cordlife Group is facing claims of at least S$5.45 million in damages from clients who stored 109 cord blood units (CBUs) with the…
Business
Temasek-backed Xora Innovation leads US$46 million funding in Vinci
Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in…
Business
Temasek-backed Xora Innovation leads US$36 million Series A funding in Vinci
Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in…
Business
UltraGreen.ai’s 5.9 million share public offer 4.5 times subscribed
The public tranche of the Singapore initial public offering (IPO) of medical imaging and surgery technology firm UltraGreen.ai notched a…
Business
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia Citigroup will move most of its…
Business
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player Raffles Education has sold…
Business
Elevate Capital-LaSalle JV buys Raffles Education Square for S$121.8 million
The property at 51 Merchant Road is being sold by Raffles Education at about 78% over book value Raffles Education has sold its corporate…
Business
Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain
Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value Raffles Education has…
Business
Intel to invest additional RM860 million in Malaysia, PM says
Malaysian Prime Minister Anwar Ibrahim said US chipmaker Intel has announced an additional investment of RM860 million (S$208 million) in…
Business
UOB prices £750 million floating rate covered bonds due 2029
UOB announced on Tuesday (Dec 2) that it has priced £750 million (S$1.3 billion) floating rate covered bonds due June 2029. The issue date…
Business
Amazon’s giant anacondas reached their peak size 12 million years ago, study shows
A study of anaconda fossils shows that these snakes reached their maximum size 12.4 million years ago and then stopped growing. As some of…
Business
Sanli Environmental raises about S$10 million in placement amid record order book
Catalist-listed Sanli Environmental raised gross proceeds of some S$10 million in its placement of nearly 38.5 million fully paid-up…
Business
Marco Polo Marine H2 profit quadruples to S$47.9 million on impairment reversals
This is attributed to a combination of stronger underlying performance and several extraordinary gains Marco Polo Marine posted on…
Business
Marco Polo Marine H2 profit jumps over 4 times to S$47.9 million on impairment reversals
This is attributed to a combination of stronger underlying performance and several extraordinary gains Marco Polo Marine posted on…
Business
Seatrium to start its own arbitration in US$475 million contract termination dispute
The contract, which is 98.9 per cent complete, is for the construction of a wind turbine installation vessel in an US offshore wind farm…