Business
DBS’ plan to buy Alliance Bank stake is said to have stalled
DBS Group Holdings’ plan to buy a stake in Alliance Bank Malaysia has stalled as Singapore’s biggest bank has yet to get regulatory…
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stake
Business
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
SP Group announced on Friday (Aug 29) that it is now the sole owner of Power Automation after acquiring Siemens’ stake in the joint…
Business
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy is proposing to acquire 51 per cent stakes in two Indonesian shipping companies for a US$127.5 million…
Business
Mercedes-Benz offloads Nissan stake for US$325 million
The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for US$324.65 million, a source with…
Business
Mitsubishi Corp buys strategic stake in Singapore’s Fullerton Health
Japan’s Mitsubishi giant has bought a minority stake in Singapore healthcare solutions provider Fullerton Health. Fullerton’s statement on…
Business
Intel warns US stake could hurt international sales, future grants
Intel said on Monday (Aug 25) that the US government’s 9.9 per cent stake in the chipmaker could pose risks to its business, from…
Unsorted
Trump says Intel has agreed to a deal for US to take 10% equity stake
US President Donald Trump said on Friday (Aug 22) the US would take a 10 per cent stake in Intel under a deal with the struggling…
Unsorted
“Splitsville” Plays Infidelity for Laughs; “A Little Prayer” Shows What’s Really at Stake
In the studiedly rambunctious comedy “Splitsville,” Michael Angelo Covino and Kyle Marvin play a pair of homewreckers. The home, a…
Business
US seeks Intel stake without governance rights: Lutnick
Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel for the government to take a stake in the chipmaker,…
Business
Dongfeng Motor to sell 50% stake in joint venture with Honda
The plan to divest the business highlights how cut-throat the Chinese market has become in its fast-paced shift to electric vehicles…
Business
Buffett buys US$1.6 billion UnitedHealth stake, sells T-Mobile
Warren Buffett’s Berkshire Hathaway bought shares of UnitedHealth Group in the second quarter, sending the health insurer’s stock soaring…
Business
For just US$1 million, wealthy investors can buy a stake in hedge fund Millennium
For just US$1 million, investors are being offered a slice of one of the world’s largest hedge fund firms. Goldman Sachs is offering…
Business
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation…
Business
Star Entertainment reaches deal to sell 50% stake in Brisbane resort to Hong Kong investors
RALIA’S Star Entertainment said on Tuesday it had reached a deal with its Hong Kong-based partners to sell its 50 per cent stake in the…
Business
Temasek-backed entity to acquire 16% stake in Ayala’s healthcare arm
Health, the healthcare arm of the Philippines’ oldest conglomerate Ayala, said on Monday (Aug 11) that a private equity firm backed by…
Business
Petronas said to seek US$1 billion for Rio oil field stake sale
Malaysia’s Petroliam Nasional Berhad is working with Bank of America to sell its 50 per cent stake in the Brazilian oil field Tartaruga…
Business
GIC takes 25% stake in Spain’s broadband venture
Sovereign wealth fund GIC will take a 25 per cent stake in a fibre optic broadband venture between MasOrange, partly owned by France’s…
Business
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
Brunei’s sovereign wealth fund pulled money from an investment in a Bridgewater Associates strategy to buy an almost 20% stake in the…
Business
Tai Sin Electric to acquire 25% stake in charging station contractor
Its subsidiary Lim Kim Hai Electric has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million Power distribution…
Business
Temasek sees 10 times gain with 5.5 billion euro stake sale in Indian JV with Schneider
Temasek Holdings has sold its 35 per cent stake in an Indian joint venture with Schneider Electric to the French company for 5.5 billion…
Business
Ermenegildo Zegna Group Inks Agreement to Sell Stake to Temasek
MILAN – Capitalizing on the momentum of its brands, the Ermenegildo Zegna Group is welcoming a new partner. Zegna has inked an agreement…
Business
Temasek to buy a 5% stake in Italian luxury group Ermenegildo Zegna
Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.9…
Business
Temasek to buy 5% stake in Ermenegildo Zegna
Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.90…
Business
Buffett’s Berkshire sells one-third of VeriSign stake for US$1.23 billion
BERKSHIRE Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren…