Business
Former mm2 Asia subsidiary Vividthree receives letter of demand for S$1.2 million
Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2…
Tag
subsidiary
Business
Former mm2 Asia subsidiary Vividthree dives 17% on news of payment demand from UOB
Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2…
Business
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for…
Business
F&N dairy subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong F&N Dairy Investments…
News
ST Engineering’s US subsidiary named in lawsuit over UPS plane crash
The lawsuit alleges negligence in maintenance checks by ST Engineering subsidiary VT San Antonio Aerospace ST Engineering’s United States…
Business
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary – Festival Walk – will sell…
Business
Wilmar’s China subsidiary lodges appeal over contract fraud case
A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to…
Business
Dick’s joins growing list of companies trimming subsidiary brands with Foot Locker closures
Dick’s Sporting Goods (NYSE: DKS) announced it will close select Foot Locker stores and raised its full-year year outlook, in its third…
Business
Lum Chang Creations subsidiary secures 2 contracts worth S$63.4 million
Urban revitalisation specialist Lum Chang Creations on Monday (Nov 24) said its wholly owned subsidiary, Lum Chang Interior, clinched two…
Business
ST Engineering posts 9% rise in 9M revenue to S$9.1 billion despite impairments from subsidiary
ST Engineering posted a 9 per cent year-on-year rise in revenue to S$9.1 billion for the nine months ended Sep 30, on the back of strong…
Fashion
Coty Subsidiary Launches Lawsuit Against Kering and Gucci
PARIS — A Coty Inc. subsidiary has launched a lawsuit against Gucci and its parent company Kering, which pertains to the Gucci beauty and…
Culture
PropNex subsidiary sued for S$586,000 over alleged misrepresentation and breach of duty
A wholly-owned subsidiary of PropNex and two other defendants are being sued for at least S$586,172, allegedly over a breach of duty of…
Business
HRnetGroup targets Vietnam’s booming tech sector with new subsidiary
It notes interest in hiring of IT engineers, data scientists and product teams by companies in finance and banking, media and platforms,…
Business
SGX-listed GS Holdings subsidiary to distribute Corona, Budweiser in Singapore
AB InBev’s Corona and Budweiser rank first and second in Most Valuable Global Brands report; Singapore beer market hit US$9.3 billion in…
Business
Marco Polo Marine subsidiary PKR Offshore aims for Taiwan listing in 2026
The move will fund PKR Offshore’s fleet expansion to serve offshore wind energy markets Marine logistics provider Marco Polo Marine’s…
Business
Yangzijiang Financial rises over 6% after update on maritime subsidiary incorporation
Shares of Yangzijiang (YZJ) Financial rose by over 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its…
Business
YZJ Financial incorporates YZJ Maritime Development as subsidiary at issued and paid-up share capital of US$100
Yangzijiang Financial released an update on Wednesday (Jul 2) that its proposed spin-off company Yangzijiang (YZJ) Maritime Development…
Business
mm2 Asia to sell 21.02% of its stake in subsidiary Vividthree to PE fund for S$1.7 million
Mainboard-listed media company mm2 Asia on Wednesday (May 28) entered into a sale and purchase agreement with private equity fund Hildrics…
Business
Nanofilm takes out 50 million yuan loan to fund Chinese subsidiary
Nanofilm Vacuum Coating (Shanghai), a wholly owned subsidiary of mainboard-listed Nanofilm Technologies, has obtained a 50 million yuan…
Business
Capital World says transactions linked to former subsidiary under probe
Property company Capital World said the Malaysian Anti-Corruption Commission (MACC) is investigating certain transactions made in 2018…
Business
Trendlines terminates subsidiary CEO Anton Wibowo for stealing US$2.1 million
The employee alleged to have stolen US$2.1 million from a subsidiary of Trendlines Group was the unit’s chief executive officer and…
Business
K-beauty Retailer Olive Young Is Setting Up a U.S. Subsidiary in Los Angeles
K-beauty retailer Olive Young is betting big on the U.S. market. The CJ Group-owned company, which operates more than 1,350 stores in its…
Business
Walmart's Mexico subsidiary plans to appeal a $4.6 million fine for alleged monopolistic practices
MEXICO CITY (AP) — Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices…
Business
Sats unit to shed stake in Saudi Arabia subsidiary for S$52.6 million
IN-FLIGHT caterer and ground handler Sats intends to divest 49 per cent of its interest in its Saudi Arabia cargo-handling subsidiary for…