Business
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound…
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stake
Business
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital…
Business
UniCredit heats up Italy finance battle with new Generali stake
UNICREDIT has made a surprise new move in the fight to dominate the Italian financial system by unveiling a minority stake in…
Business
Sats acquires remaining 15% stake in Sats Food Solutions (Thailand)
The unit will serve as a centre of excellence for large-scale fresh frozen production in the group’s food solutions network CATERING and…
Business
DBS raises stake in Shenzhen Rural Commercial Bank
SINGAPORE’S largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from…
Business
Huationg Global’s Patrick Ng enhances stake amid robust business prospects
Over the five trading sessions from Jan 17 to Jan 23, institutions were net sellers of Singapore stocks, leading to net institutional…
Business
Far East Orchard unit acquires additional stake in Woodlands Square for S$25 million
A UNIT of Far East Orchard (FEO) has acquired an additional stake in its commercial property in Woodlands for S$25 million. Woods Square,…
Business
Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
News
Elon Musk sued by SEC over late 2022 disclosure of Twitter stake
The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of…
Business
Apollo weighs 1.5 trillion yen stake in Seven & i management buyout
APOLLO Global Management is considering taking a substantial stake in a bid by Seven & i’s founding Ito family to take the Japanese…
Business
Billionaire Li Ka-shing’s Hutchmed in US$608 million health unit stake sales
HUTCHMED (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million as the…
Business
Wilmar International to acquire India’s Adani Group’s 31.06% stake in consumer goods joint venture
WILMAR International announced on Monday (Dec 30) that it will acquire Indian multinational conglomerate Adani Group’s remaining stake in…
Business
Wilmar International to acquire India’s Adani Group’s 31.06% stake in consumer goods joint venture for S$2 billion
WILMAR International announced on Monday (Dec 30) that it will acquire Indian multinational conglomerate Adani Group’s remaining stake in…
Business
OCBC sells stake in Hong Kong Life Insurance for HK$589.3 million
The sale is not expected to have an impact on the group’s net tangle assets or earnings per share OCBC has agreed to sell its entire stake…
Business
Bank Indonesia’s 25% stake in bond market fuels liquidity fears
INVESTORS in Indonesia are growing increasingly wary about potential stress in the nation’s bond markets as the central bank ramps up debt…
Business
OUE Reit divests entire stake in Shanghai property owned by Indonesia’s Lippo Group
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Business
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Business
CapitaLand Investment sells 4.9% stake in CapitaLand Ascott Trust for S$162 million
PROPERTY investment manager CapitaLand Investment (CLI), through its subsidiary The Ascott Ltd, has sold its stapled securities in…
Business
Foxconn said to have approached Nissan to take controlling stake
HON Hai Precision Industry, the Taiwan-based manufacturer of iPhones and other electric products known as Foxconn, has approached Nissan…
Business
Prudential is said to consider selling stake in Eastspring
PRUDENTIAL is considering options including selling a minority stake in its asset manager Eastspring Investments to help broaden the…
Business
Keong Hong unit to sell stake in Katong Holdings for S$34.5 million
The group intends to utilise the net proceeds from the divestment for its working capital requirements and potential business opportunity…
Business
China mulls moving Cinda stake to sovereign wealth fund in weeks
THE Chinese government plans to transfer ownership in one of the nation’s biggest bad-debt managers to a unit of its sovereign wealth fund…
Business
GIC Picks JPMorgan to advise on US$5 billion Greenko stake sale
GIC is working with JPMorgan Chase to help advise on a strategic review of options including a sale of its 50 per cent stake in India’s…
Business
Digital Core Reit acquires additional 15.1% stake in Frankfurt data centre
DIGITAL Core Real Estate Investment Trust (Reit), through its subsidiary Digital CR Singapore 5, completed its acquisition of an…