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Xpeng hires banks for flying car unit IPO in Hong Kong: sources
[ad_1] Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026[HONG KONG] Xpeng has hired banks to work on an initial public offering of its flying...
Arm launches ‘Physical AI’ unit, joining rush to robotics by tech and automakers
[ad_1] Interest in humanoid robots has boomed as companies see human-form machines as the next frontier in AI and automation [BENGALURU] Chip technology company Arm Holdings has reorganised the company...
Citigroup to take US$1.1 billion loss on Russian business unit sale
[ad_1] Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia[NEW YORK] Citigroup said that it expects to post a...
mm2 Asia unit receives payment demand for S$18.9 million from creditor
[ad_1] [SINGAPORE] A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the parent company secured...
Frasers Property unit to lend up to 938.6 million baht to JV with two ThaiBev units
[ad_1] Capital injections will advance the technology and digitalisation of both Frasers Property Group and Thai Beverage Group[SINGAPORE] Frasers Property Holdings (Thailand), a subsidiary of Frasers Property , has agreed...
Keppel Reit unit secures three bridge loans totalling S$892 million
[ad_1] [SINGAPORE] The manager of Keppel Real Estate Investment Trust (Reit) said on Wednesday (Dec 24) that it has obtained three bridge loan facilities totalling about S$892 million through a...
Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
[ad_1] [MUMBAI] Chinese home appliance maker Haier Smart Home agreed to sell a 49 per cent stake in its India unit to Bharti Enterprises and Warburg Pincus. Haier will retain...
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
[ad_1] This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’[SEOUL] South Korea’s LG Energy Solution (LGES) said on Wednesday (Dec 24) that its unit is...
Volare Group triggers mandatory cash offer for Alpha Integrated Reit at S$0.48 per unit
[ad_1] The move comes after Volare acquired a significant stake of AI-Reit from ESR Group[SINGAPORE] Mindarie Investment, a wholly owned subsidiary of Swiss-based Volare Group, on Tuesday (Dec 23) launched...
TikTok signs a deal forming a new U.S. unit including investors Oracle and Silver Lake
[ad_1] TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture, ensuring the popular social video platform...
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
[ad_1] The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company[SINGAPORE] A Malaysian unit of CNMC Goldmine has been...
Nexstar Launches Brand Studio Unit to Produce Custom Content for Marketers; ‘My American Story’ Campaign Leads the Initiative
[ad_1] Nexstar has launched Nexstar Brand Studio to produce custom content for marketers with an emphasis on material that leverages the station group’s massive local and national footprint. Among the...