Beauty
L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
Cosmetics giant L’Oreal said on Monday (Nov 17) it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its…
Tag
stake
Business
ST Engineering sells 49% stake in Shanghai MRO JV to China Eastern Airlines for 680.5 million yuan
The move will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco ST Engineering has…
Business
Tan Kok Huat, CEO of Reclaims Global, boosts stake
Financial services and telecommunications booked the most net institutional inflow for the week of Nov 7 to 13 Over the five trading…
Culture
Wales' seismic day as huge amount at stake for Steve Tandy and Craig Bellamy
The two teams will be playing about 850 miles apart from one another, although they have spent the build-up to their respective fixtures…
Business
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further…
Business
Pfizer looks to sell stake in pandemic vaccine partner BioNTech
Pfizer is looking to sell its remaining stake in Covid-19 vaccine partner BioNTech, a remnant from one of the pandemic’s most lucrative…
Business
LVMH Watches Division Takes Minority Stake in La Joux-Perret
PARIS — The LVMH Watches Division has acquired a minority stake in Swiss manufacturer La Joux-Perret. Financial terms of the deal were not…
Business
Why did SoftBank sell off its Nvidia stake?
On Tuesday, SoftBank, the Japanese financial giant, announced plans to dump all 32 million of its shares in Nvidia, the AI chip maker. The…
Business
Mercedes: Toto Wolff set to sell stake in deal which values F1 team at £4.6bn
The other shareholders in the team are Mercedes and chemicals giant Ineos, who each also own a third of the company. A Mercedes…
Business
SoftBank’s US$5.8 billion Nvidia stake sale stirs fresh AI bubble fears
The Japanese tech investor needs the proceeds for initiatives including the US$500 billion Stargate project to expand US data-centre…
Business
Toyota's buyout of group firm faces new obstacle after Elliott takes stake
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices Toyota Motor’s…
News
The Government’s Shameful Stake in the Gambling Glut
State governments shouldn’t profit from gambling addiction. Source link
Lifestyle
Hermès Takes Minority Stake in Italy’s Lanificio Colombo to Bolster Vertical Integration
PARIS – Hermès International has acquired a 15 percent stake in Italian mill Lanificio Colombo, the company confirmed to WWD. Financial…
Business
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
Singtel announced its indirect wholly owned subsidiary Pastel has raised gross proceeds of about S$1.5 billion from selling a 0.8 per cent…
Business
Singtel offers US1.2 billion stake in Bharti Airtel, terms show
A Singapore Telecommunications unit offered to sell shares in Indian mobile carrier Bharti Airtel in a deal that may fetch US$1.2 billion,…
Business
Samsung Electronics family to sell 1.7 trillion won stake amid share rally
The company has secured supply deals with other major customers and expectations have risen that the company will be able to supply its…
Business
The Webster Sells Majority Stake to U.K.’s Frasers Group
The Webster has a new majority owner. The luxury multibrand retailer has sold a majority stake to the British retail conglomerate Frasers…
Business
Aspial Corp, Koh family-linked entity move to privatise AF Global for S$31.8 million as it sells stake in Knight Frank Singapore
The offeror, AFG Investment, is looking to acquire a 27.35% stake in the mainboard-listed hospitality player for S$0.11 per share A…
Business
Keppel Reit to buy 75% stake in Sydney mall for A$393.8 million in first retail pure play purchase
This marks its expansion into the retail sector, the manager’s chief executive says Keppel Real Estate Investment Trust (Reit) has entered…
Business
Keppel Reit to buy 75% stake in Sydney mall for A$393.8 million in first pure-play retail purchase
This marks its expansion into the retail sector, the manager’s chief executive says Keppel Real Estate Investment Trust (Reit) has entered…
Business
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Business
AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake
Advanced Micro Devices (AMD) said on Monday (Oct 6) it will supply artificial intelligence chips to OpenAI in a multi-year deal that would…
News
U.S. takes equity stake in another company: Lithium Americas
The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world’s largest lithium mines…
Business
F&N Malaysia unit to sell 50% stake in property development JV for about RM180 million
The sale of its interest in the joint venture with Frasers Property is expected to result in a one-off gain of about RM83.2 million Fraser…