Business
SingPost to divest Australia business at A$1 billion enterprise value to private equity fund
The group may consider a special dividend after repaying debt and considering future funding needs SINGAPORE Post (SingPost) has entered…
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Fund
Business
Simon Cheong’s AVJennings attracts S$326 million privatisation offer from US fund
SINGAPORE and Sydney dual-listed property player AVJennings (AVJ), which is controlled by real estate tycoon Simon Cheong, is set to be…
Business
Macquarie seeks Japan, India fund bets as China appetite cools
MACQUARIE Group, one of the world’s biggest infrastructure investors, is looking to deploy more of its growing Asia cash pile in markets…
Business
Keppel DC Reit unveils S$1-billion unit placement, preferential offer to fund purchase of data centres
THE manager of Keppel DC Reit plans to launch an equity funding exercise to raise gross proceeds of about S$1 billion, it announced on…
Business
Keppel to take over legacy rigs; plans to establish offshore infrastructure private fund
KEPPEL will take over 13 legacy rigs held by Rigco following a selective capital reduction exercise to be completed by the latter. Keppel…
Business
Singapore fund inflows surge to record high of S$3.1 billion in Q3: Morningstar
FLOWS into Singapore-registered funds hit a record S$3.1 billion in the third quarter, up from S$1.8 billion in the quarter before – as…
Business
SoftBank books 1.18 trillion yen quarterly gain as Vision Fund finds its feet again
JAPAN’S SoftBank Group swung to a 1.18 trillion yen (S$8.7 billion) net profit in the three months to September, as the tech giant…
Business
BlackRock targets money-market fund business in new ETF push
BLACKROCK is throwing its weight behind an early push to bring exchange-traded funds (ETFs) to money-market investors. The…
Business
Soros Fund Management to shut Hong Kong office in rejig
SOROS Fund Management, founded by billionaire George Soros, plans to shut its Hong Kong office as part of an administrative…
Business
BlackRock readies US$1.3 billion private credit continuation fund
BLACKROCK is setting up a private credit loan fund that will allow it to raise as much as US$1.3 billion it can distribute to existing…
Business
Malaysia orders sovereign fund audit on loss-making venture
Malaysian Prime Minister Anwar Ibrahim ordered sovereign wealth fund Khazanah Nasional Berhad to carry out an internal audit to…
Business
Temasek, Republic-backed blockchain fund eyes raising US$100 million
Superscrypt, a blockchain venture capital company backed by Temasek Holdings, plans to raise up to US$100 million for its second…
Business
Japan’s largest pension fund GPIF has worst loss since 2020
JAPAN’S government Pension Investment Fund (GPIF) posted its biggest quarterly loss since 2020 as a rebound in the yen erased gains on…
Business
Abu Dhabi firms to launch tokenised US Treasuries fund
ABU Dhabi firms Realize and Neovision Wealth Management have launched an investment vehicle that will buy units of exchange traded funds…
News
AI? New jobs? California's local news deal with Google leaves lots of unanswered questions
Early this summer, California seemed poised to play a leading role in shaping a new frontier of tech regulation as lawmakers considered…