Business
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
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Unit
Fashion
First Ship Lease Trust unit to sell one vessel
Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party FIRST Ship Lease (FSL) Trust…
Business
Schroders seeks buyers for Indonesia unit with US$4 billion in assets: sources
SCHRODERS is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the UK-headquartered…
Business
Insurer Income sets up new financial advisory unit and is ‘actively recruiting’: sources
HOME-GROWN insurer Income Insurance is taking a stab at a new business model as it looks at ways to grow its topline by expanding its…
News
TikTok files legal challenge against Canada unit shutdown order
TIKTOK Technology Canada applied for a judicial review to challenge Canada’s order that China’s Bytedance close its subsidiary in the…
Business
UBS reorganises US wealth management unit in growth push
UBS Group made organisational changes to its wealth-management unit in the US as it seeks to lift profitability in a market that’s central…
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
Sembcorp unit signs 10-year LNG supply deal with Chevron
The delivery of about 0.6 million tonnes of liquefied natural gas a year is expected to start in 2028 A SEMBCORP Industries wholly-owned…
Fashion
Sembcorp unit inks second power purchase agreement with Equinix
It will supply the US data-centre firm a maximum capacity of 58.5 MWp from its renewable energy portfolio SEMBCORP Industries’ wholly…
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…
Business
Alibaba integrates e-commerce platforms into a single business unit
ALIBABA Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business…
Business
Koh Brothers Eco unit wins S$77.6 million contract for upcoming Toa Payoh development
CATALIST-listed engineering solutions provider Koh Brothers Eco Engineering was awarded a S$77.6 million contract by Sport Singapore…
Business
Keppel DC Reit unveils S$1-billion unit placement, preferential offer to fund purchase of data centres
THE manager of Keppel DC Reit plans to launch an equity funding exercise to raise gross proceeds of about S$1 billion, it announced on…
Business
Fonterra to assess IPO as one option for consumer unit sale
FONTERRA Cooperative Group will go ahead with the sale process for its global consumer businesses, saying it will consider an initial…
Business
Sembcorp Industries to sell waste management unit to Indonesian energy company for S$405 million
ENERGY and urban development company Sembcorp Industries on Friday (Nov 8) announced that it intends to sell its wholly owned unit…
Business
Indonesian court affirms 1.7 trillion rupiah civil claim against Keppel unit is inadmissible
The DKI Jakarta Province High Court has also ordered the claimant to pay court costs AN INDONESIAN High Court has affirmed an earlier…
Business
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US…