Business
IHH unit may seek higher compensation in lawsuit against Japan’s Daiichi Sankyo over Fortis deal
AN INDIRECT, wholly owned subsidiary of integrated healthcare player IHH Healthcare, Northern TK Venture (NTK), on Thursday (Feb 6)…
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Unit
Business
SocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased…
Business
Bain is said to near 500 billion yen deal for Mitsubishi pharma unit
BAIN Capital is nearing a deal to buy Mitsubishi Chemical Group’s pharmaceutical unit, sources familiar with the matter said, adding to a…
Business
Parkway Life Reit H2 DPU falls 1.3% to S$0.0738 on enlarged unit base
PARKWAY Life Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the second half ended Dec 31, 2024 was S$0.0738,…
Business
Toyota raises full-year profit outlook by 9% to 4.7 trillion yen, to establish EV, battery unit in China
TOYOTA Motor raised its full-year operating profit forecast by 9 per cent on Wednesday, in a sign of confidence in its ability to ride out…
Business
China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis
CHINA Evergrande New Energy Vehicle said on Monday (Feb 3) it is struggling to attract strategic investors amid a severe liquidity crisis,…
Business
Unilever weighs New York as venue for ice cream unit listing
Unilever is considering New York as a potential venue for a listing of its ice cream business, people with knowledge of the matter said, a…
Business
Fu Yu will not convene requisitioned EGM; investigates business unit
THE board of directors of Fu Yu Corporation on Friday (Jan 31) announced that the company will not convene an extraordinary general…
Business
Veteran bankers Eric Tham and Tan Jeh Wuan to join board of Raffles Medical’s insurance unit
VETERAN bankers Eric Tham and Tan Jeh Wuan have been designated to the board of Raffles Health Insurance as non-executive and independent…
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
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Business
Taiwan’s HTC to sell part of XR unit to Google for US$250 million
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250…
News
German armed forces to form new homeland security unit
Germany's Bundeswehr will establish a major new land forces unit dedicated to securing critical infrastructure and key military facilities…
News
Germany's Bundeswehr to establish new homeland security unit
Germany's armed forces plan to establish a fourth major branch dedicated to securing critical infrastructure and key military facilities…
News
NATO naval unit to monitor critical infrastructure in Baltic Sea
NATO's standing maritime group is to set off from its base in the German port of Kiel for the Baltic Sea to monitor critical underwater…
Business
Gordon Tang and wife increase cash offer for Suntec Reit to S$1.19 a unit
THE mandatory conditional cash offer made by property tycoon Gordon Tang and his wife Celine to acquire all the units of Suntec Real…
Business
RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
RHB Research has lowered its target price on IReit Global to S$0.34 from S$0.40 previously, as it expects the real estate investment…
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…
News
Second Unit of South Africa Nuclear Plant Back Online After Major Maintenance
Eskom, South Africa’s major utility, said the second unit of the Koeberg nuclear power plant in that country was reconnected to the…
News
Pakistan Will Build Another Chinese-Designed Nuclear Power Unit
The Pakistan Nuclear Regulatory Authority (PNRA) issued a construction license to Pakistan Atomic Energy Commission (PAEC) for Chashma…
Business
Koh Brothers Eco unit wins S$313.9 million LTA contract to build bus depot
CATALIST-LISTED engineering solutions provider Koh Brothers Eco Engineering was awarded a S$313.9 million contract by the Land Transport…
Business
Uber disappointed as Taiwan rejects deal for Delivery Hero unit
Uber Technologies said it remained committed to Taiwan after the island’s antitrust regulator rejected its plan to buy Delivery Hero’s…
Fashion
Seatrium wins contract for deepwater new-build production unit
SEATRIUM has secured a contract to perform engineering, procurement, construction and onshore commissioning work for a deepwater new-build…
Business
News Corp sells Foxtel unit to DAZN in A$3.4 billion deal
NEWS Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (S$2.9 billion)…