Business
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries Indonesian petrochemical producer Chandra…
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stake
Business
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO…
Business
China threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block…
Business
Trek 2000 International divests stake in Terrenus Energy valued at around S$8.2 million
Technology provider Trek 2000 International announced on Thursday (Jul 17) that it will be disposing its 4.3 per cent stake in Terrenus…
Business
Trek 2000 divests stake in Terrenus Energy valued at around S$8.2m
The shares are currently held as investment and do not generate any income or revenue for FY2024 Technology provider Trek 2000…
Business
Schneider in talks to buy Temasek’s stake in Indian JV
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Business
Schneider in talks to buy Temasek’s stake in Indian JV: sources
A potential transaction could value the whole venture at roughly US$5 billion including debt Schneider Electric is considering buying out…
Business
Tapestry Expands Stake in Eco-friendly Leather Partner Gen Phoenix
Tapestry Inc. is doubling down on Gen Phoenix, which makes a recycled leather fiber material that the handbag giant sees as both good for…
Business
EXCLUSIVE: LVMH Luxury Ventures Takes Minority Stake in Molli
PARIS — French knitwear brand Molli revealed Tuesday that it has received a minority investment from LVMH Luxury Ventures, an entity…
Business
Partners Group transfers Techem stake to its infrastructure fund
[FRANKFURT/MUNICH] German energy firm Techem will remain in the hands of investor Partners Group after its sale to US financial investor…
Business
Aims Financial Group raises stake in Aims Apac Reit to 18.7%
The units were acquired from substantial unitholder, ESR HK Management, which is part of ESR Group Aims Financial Group raised its stake…
Business
Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial…
Business
Starbucks draws interest for controlling stake in China unit
Starbucks has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the…
Business
Nanofilm to acquire remaining 35% stake in Sydrogen from Temasek for S$15 million
Nanofilm Technologies is acquiring the remaining stake of its majority-owned Sydrogen, a hydrogen technology solution provider, from…
Business
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in…
Business
Unnamed AIA Group shareholder is said to sell HK$26.8 billion stake
An undisclosed AIA Group shareholder sold a HK$26.8 billion (S$4.4 billion) stake in the insurer via block trades, according to people…
Business
Torrent to acquire KKR’s stake in JB Pharma for US$1.4 billion
Torrent Pharmaceuticals agreed to take a controlling stake in JB Chemicals & Pharmaceuticals from private equity firm KKR, the latest sign…
Business
Bold Management’s Parent Ykone Group Acquires Majority Stake in The Digital Prototype
BOLDER TOGETHER: Leading international influencer marketing agency Ykone Group, parent company of the Bold Management talent agency, has…
Business
Partial offer for Cordlife lapses with Thai-listed Medeze obtaining less than 1% stake
An independent financial adviser had earlier deemed the offer unfair and unreasonable A partial offer for a 10 per cent stake in Cordlife…
Business
Ping An builds HK$180 billion stake in China banks on dividend bet
Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the…
Business
Chevron seeks buyers for 50% stake in Singapore refinery: sources
US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from…
News
Newsom declares 'democracy' at stake in battle with Trump over Los Angeles
California Gov. Gavin Newsom, reaching to become the face of Democratic opposition to President Trump, declared "democracy is under…
Business
Keppel Infrastructure Trust to divest 24.6% stake in Australian bus service business for A$130 million
Keppel Infrastructure Fund Management, the manager of Keppel Infrastructure Trust (KIT), is divesting a 24.6 per cent stake in an…
Business
Group CEO Ng Chin Siau increases his stake in Q & M
Over the five trading sessions from May 30 to June 5, institutions were marginal net sellers of Singapore stocks, with net institutional…