AirAsia chief says brand unit is nearing Nasdaq backdoor listing
AirAsia founder Tony Fernandes said that the Asian airline’s branding unit is closing in on a Nasdaq-listed target for a backdoor listing later this year that would value the…
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Straits Trading unit to divest South Korea logistics property for 432 billion won
The Straits Trading Company is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as part of its strategy to recycle capital from…
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million) in cash to increase its stake in Prudential…
Alibaba plans IPO for AI chipmaking unit T-Head: sources
As a first step, Alibaba plans to restructure the unit as a business partly owned by employees Alibaba Group Holding is preparing to list its chipmaking arm, tapping strong…
Seatrium unit files arbitration proceedings over dispute with consortium partner Aibel
The company is unable to ascertain the financial impact arising from the proceedings Seatrium New Energy (SNE), a wholly owned subsidiary of Seatrium, and Norwegian energy services firm…
Seatrium unit faces 130 million euros in claims from consortium partner amid arbitration proceedings
Seatrium adds that it is currently ‘unable to definitively ascertain the financial impact, if any’ Seatrium New Energy (SNE), a wholly owned subsidiary of Seatrium, and Norwegian energy…
Aberdeen adviser unit hit by outflows over UK Budget uncertainty
Its clients pulled out £2.5 billion in the three months till December, against £500 million in the previous period Aberdeen Group reported another quarter of net outflows, as the…
OCBC sets up securities financing unit for institutional investors
It will create opportunities for these customers to earn fee income by lending out their idle securities, says lender OCBC has set up a dedicated securities financing unit for its…
Stamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels…
CapitaLand Ascendas Reit buys US property from DHL unit for S$94.5 million
The manager of CapitaLand Ascendas Reit (Clar) on Friday (Jan 16) announced its purchase of a logistics property in Columbus, Ohio, in the US for S$94.5 million, payable in cash. Once the…
GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources
A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations A majority stake in Volkswagen’s heavy diesel engine unit Everllence is…
F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each Beverage maker Fraser and Neave (F&N) has priced S$125 million in fixed-rate notes due…
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026 Xpeng has hired banks to work on an initial public offering of its flying car unit in Hong…
Arm launches ‘Physical AI’ unit, joining rush to robotics by tech and automakers
Interest in humanoid robots has boomed as companies see human-form machines as the next frontier in AI and automation Chip technology company Arm Holdings has reorganised the company to…
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said that it expects to post a roughly US$1.1 billion…
mm2 Asia unit receives payment demand for S$18.9 million from creditor
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 protection from creditors…
Frasers Property unit to lend up to 938.6 million baht to JV with two ThaiBev units
Capital injections will advance the technology and digitalisation of both Frasers Property Group and Thai Beverage Group Frasers Property Holdings (Thailand), a subsidiary of Frasers…
Keppel Reit unit secures three bridge loans totalling S$892 million
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 wholly owned…
Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
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 a 49 per cent stake and the…
LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’ South Korea’s LG Energy Solution (LGES) said on Wednesday (Dec 24) that its unit is selling…
Volare Group triggers mandatory cash offer for Alpha Integrated Reit at S$0.48 per unit
The move comes after Volare acquired a significant stake of AI-Reit from ESR Group 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
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 can continue…
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company A Malaysian unit of CNMC Goldmine has been slapped with…
Nexstar Launches Brand Studio Unit to Produce Custom Content for Marketers; ‘My American Story’ Campaign Leads the Initiative
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.…