Business
Nvidia sells off stake in Arm, a company it once tried to buy
The world’s most valuable company has become a major investor across the technology industry Nvidia sold off the last of its stake in Arm…
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stake
Business
Buffett cuts Amazon stake, makes bet on New York Times
Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon.com by more than 75 per cent in the fourth quarter, while also building a…
Business
Centurion Corporation unit acquires 65% stake in factory building plot for S$4.8 million
The aim is to develop and operate a purpose-built workers accommodation on the site A wholly owned subsidiary of property player Centurion…
Business
GIC weighs selling stake in European data centre JV for up to one billion euros
is considering a sale of its 80 per cent stake in a European data centre joint venture (JV), a potential deal that could value the…
Business
Singtel Q3 net profit up 43.5% at S$1.9 billion on exceptional gain from Airtel stake sale
Optus is ‘continuing to invest in strengthening resilience’ after an independent review into the Triple Zero outage, says Singtel group…
Business
Elliott raises Toyota Industries stake in push to block buyout
Elliott Investment Management has increased its stake in Toyota Industries again as the activist investor ramps up efforts to block the…
Business
CapitaLand Investment provides advisory services for The Clementi Mall, holds minority stake in asset
The tie-up aligns with CLI’s long-term strategy to grow fee income through a capital-efficient, partnership-led approach CapitaLand…
Business
After Much Speculation, Anta Sports Scoops Up 29% Puma Stake in $1.8 Billion Deal
Anta Sports Products Limited confirmed early Tuesday in China that it inked an agreement with Groupe Artémis, the investment company of…
Business
China’s Anta Sports muscles in with US$1.8 billion move for 29.1% Puma stake
CHINA’S Anta Sports Products said on Tuesday it had agreed to buy a 29.06 per cent stake in German sportswear maker Puma from the Pinault…
Business
China’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market China’s biggest sportswear brand…
Business
Jardine Matheson buys back shares; Soon Hock’s Tan Yeow Khoon builds stake
Institutions were net buyers of Singapore stocks from Jan 16 to 22, with net institutional inflow of S$1.7 million For the five trading…
Business
Jumbo Group takes 20% stake in Xi’an restaurant joint venture
Chill crab purveyor Jumbo Group has entered into a joint venture (JV) with a Chinese company to operate a restaurant in Xi’an. A Jumbo…
Business
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million)…
Business
Olam advances 32.4% stake sale of port operator following key lender approvals
Olam Group said it has “made progress” in securing approvals from different lenders to Arise P&L for the proposed divestment of its 32.4…
Business
Intel CEO meets with Trump, who hails gain in US chipmaker stake
US President Donald Trump met with Intel chief executive officer Tan Lip-Bu on Thursday (Jan 8) at the White House, where the two men…
Business
China’s Anta Sports has offered to buy Pinault family’s 29% Puma stake: sources
The Hong Kong-listed company has a track record of acquiring and revamping Western sports and lifestyle brands China’s Anta Sports…
Business
Geo Energy buys majority stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy said on Thursday (Jan 8) that it has completed its acquisition of majority stakes in two Indonesian…
Business
OUE Reit in ‘exclusive talks’ for partial stake in Salesforce Tower in Sydney
There is no certainty that any transaction will materialise at this juncture, says manager OUE Real Estate Investment Trust (OUE Reit) is…
Business
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory When…
Business
Cathay Pacific CEO says Air China’s HK$1.3 billion stake sale a ‘tactical’ move
Swire Pacific will remain the largest shareholder with a 47.65% stake after the buyback Cathay Pacific Airways CEO Ronald Lam said on…
Business
Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
Chinese home appliance maker Haier Smart Home agreed to sell a 49 per cent stake in its India unit to Bharti Enterprises and Warburg…
Business
BP to sell 65% stake in Castrol to Stonepeak for US$6 billion
The sale proceeds, which include US$800 million for accelerated dividend payments, will be used to reduce debt BP said on Wednesday (Dec…
Business
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people…
Business
Volare triggers mandatory offer for Alpha Integrated Reit following acquisition of ESR stake
Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit Mindarie Investment,…