Business
OCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines
OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday. OCBC is supported by…
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Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
News
Wilmar China unit found guilty of contract fraud, jointly liable for 1.88 billion yuan in losses; will appeal against court decision
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
News
Wilmar China unit convicted of fraud; to appeal against judgement
A subsidiary of Wilmar International has been found guilty of contract fraud by a Chinese court and ordered to jointly bear losses…
Business
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction Integrated marine logistics company…
Business
Wilmar unit to acquire 13% of Mumbai-listed joint venture with Adani
The 46.5 billion rupee purchase will be funded by internal sources and bank borrowings A unit of agri-specialist Wilmar International will…
Business
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5b spending target
The group says the issuance will enable them to raise funds for operating expenditure and strengthen its capital base Mainboard-listed…
Business
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target
Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary…
Business
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target; soars 6.6% to 10-year high
Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary…
Business
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel from 28.3 per cent to 27.5 per cent Singtel has unlocked S$1.5 billion from…
Business
Nexperia says it halted supply after China unit refused to pay
Nexperia said that it suspended supplies to its China factory because the local unit refused to make payments, laying bare the internal…
Business
KKR plans investment expansion for insurance unit in India
The investment firm insurance business is anchored through Global Atlantic Financial Group KKR is planning a bigger role for its India…
Business
Starbucks sells 60% stake in China unit to Boyu for US$4 billion
Starbucks is selling a majority stake in its China unit to private equity firm Boyu Capital for US$4 billion to help accelerate its…
Business
Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies Seatrium is selling its…
Business
Amazon reports cloud unit grew at fastest rate since 2022
The company has invested heavily in data centres and chips to build and operate AI models capable of generating text or images and…
News
Director of Hong Leong Asia unit resigns amid probe by authorities in China
Wu Qiwei, a former board member of China Yuchai International, is suspected of ‘serious violations’ Wu Qiwei, a director of Hong Leong…
Business
LHN’s co-living unit Coliwoo to offer 80.3 million shares at S$0.60 apiece in mainboard listing
The offering comprises a placement of 75 million placement shares to investors in Singapore and outside the United States as well as a…
Business
New Aster unit inks Sembcorp Solar deal for power worth 17,000 cars’ emissions
The new unit, Aster Power, will focus on advancing power and steam generation, as well as renewable power solutions across Aster’s assets…
Business
PropNex unit, agent sued by Hao Mart over Orchard Road lease for over S$3.5 million
Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of mainboard-listed PropNex and one of its agent, alleging…
Business
Hao Mart sues PropNex unit, agent for S$3.5 million over Taste Orchard lease
Defendants say they’re acting as agent for landlord OG, and therefore owe no obligation to the plaintiff to act in its best interests…
Business
Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they’re agent for landlord OG, and owe no obligation to the claimant to act in its best interests Supermarket chain Hao…
Business
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese…
Business
Wee Hur unit enters JV to build Wycombe Abbey international school in Singapore
It also plans to consolidate its purpose-built student accommodation assets under a new fund Wee Hur announced on Wednesday (Oct 22) that…
Business
Wee Hur unit in JV to build Wycombe Abbey international school in Singapore
It also plans to consolidate its purpose-built student accommodation assets under a new fund Wee Hur announced on Wednesday (Oct 22) that…