Fashion
Temasek-backed Xora Innovation leads US$46 million funding in Vinci
[SINGAPORE] Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in seed and Series A funding, it said on Tuesday...
UltraGreen.ai’s 5.9 million share public offer 4.5 times subscribed
[SINGAPORE] The public tranche of the Singapore initial public offering (IPO) of medical imaging and surgery technology firm UltraGreen.ai notched a subscription rate of 4.5 times, with more than...
Malaysia’s Felda, FGV say Terengganu land spat could disrupt operations
They were issued an order by Terengganu state to vacate palm oil plantation land there[KUALA LUMPUR] Malaysia’s Federal Land Development Authority (Felda) and its commercial arm FGV Holdings said...
Danish ISS shares plunge on concerns over its role in deadly Hong Kong apartment fire
[STOCKHOLM] ISS shares slumped in Copenhagen amid concerns over the Danish company’s role in the renovation of a Hong Kong apartment fire where a deadly fire broke out on...
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[LONDON] Citigroup will move most of its lead stocks from Singapore...
Prada completes Versace takeover after long courtship
Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete[MILAN] Prada said on Tuesday (Dec 2) it had completed the acquisition of smaller Italian...
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub[HONG KONG] Chinese autonomous driving developer Momenta has confidentially filed for a...
STI up 0.3%, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted[SINGAPORE] Singapore shares had a mixed showing on Tuesday...
Ex-director and founder of Agritrade International charged for cheating investment platform
[SINGAPORE] The founder and former director of Agritrade International Pte Ltd (AIPL) Ng Say Pek was, on Tuesday (Dec 2), charged in court with 10 counts of cheating, under...
Saudi National Bank’s US$1 billion loan adds to Middle East spree
[RIYADH] Saudi National Bank is seeking a US$1 billion syndicated loan, continuing a borrowing rush by the kingdom’s lenders that are helping finance a US$2 trillion economic overhaul.DBS Bank...
Apac PE executives are the least fazed by geopolitical uncertainty in dealmaking: report
[SINGAPORE] Private equity (PE) executives in the Asia-Pacific are the least fazed by geopolitical uncertainty when it comes to making deals, compared with their counterparts in other parts of...
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[SINGAPORE] Raffles Education has sold its corporate building at 51 Merchant Road for...