Temasek unit, Nexus ink deal to acquire stakes in Post Advisory
Post Advisory Group has reached a deal with Nexus Capital Management and a Temasek Holdings subsidiary that will reshape the ownership structure of the credit manager but keep…
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China tech giant JD.Com unit, two other firms plan US$1 billion Singapore Reit
[SINGAPORE/HONG KONG] The property investment arm of Chinese e-commerce giant JD.Com and two other firms plan to launch a Singapore-based real estate investment trust (Reit) with assets…
Frasers Property unit to buy rest of Yishun 10 mall from Frasers Centrepoint Trust for S$34.5 million
Frasers Property is proposing to buy the remaining properties at Yishun 10 mall it does not yet own from Frasers Centrepoint Trust (FCT). This comes after Frasers Property, FCT’s sponsor,…
Frasers Property unit to buy rest of Yishun 10 complex from Frasers Centrepoint Trust for S$34.5 million
Frasers Property is proposing to buy the remaining properties at Yishun 10 complex that it does not as yet own from Frasers Centrepoint Trust (FCT). This comes after Frasers Property,…
HSBC Swiss unit culls wealthy Middle Eastern clients amid regulator scrutiny: report
HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces scrutiny from regulators over high-risk customers, the Financial Times (FT)…
China’s Dongfeng plans to list EV unit, take rest private
Dongfeng Motor Group plans to withdraw its Hong Kong shares in a new twist on a long-awaited restructuring, part of a transaction that will result in a new stock listing for its Voyah line…
Visa closes US open-banking unit as data fight heats up: source
Open banking has gained traction in Europe, where regulators required banks to share data with licensed third parties, but the US lacks such rules, leaving adoption to private agreements …
Capital World unit faces more than RM320,000 in claims, buyer seeks refund for unit purchased in 2021
The company is required to enter an appearance within 14 days after being served the letter Property company Capital World on Wednesday (Aug 20) announced that its subsidiary is facing…
Australian biotech giant CSL to spin off vaccine unit Seqirus, cut 15% of workforce
While the Melbourne-based company employs around 32,000 people, no firm number was put on the job cuts Australian biotech giant CSL said that it will spin off its Seqirus vaccine…
iFast Malaysian unit gets central bank approval to operate as e-money issuer
iFast Pay Malaysia, a Malaysia-incorporated subsidiary of iFast, has received in-principle approval from Bank Negara Malaysia to operate as an electronic money (e-money) issuer and hold a…
Manulife US Reit posts 34.9% lower H1 distribution per unit of US$0.0084
The manager of Manulife US Real Estate Investment Trust (Reit) on Thursday (Aug 14) reported a distribution per unit for the first half of FY2025 of US$0.0084, down 34.9 per cent from…
Suzuki’s India unit doubles down on SUVs as small cars slide
Maruti Suzuki India is set to expand its sports utility vehicle (SUV) portfolio with a second mid-sized model, sources familiar with the plan said, as the nation’s top carmaker scrambles…
Manulife buys Comvest to build US$18.4 billion private credit unit
Manulife Financial agreed to buy a majority stake in Comvest Credit Partners, creating a US$18.4 billion private credit platform as the insurer accelerates its expansion into alternative…
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
Dasin Retail Trust announced on Monday (Aug 4) that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a legal action over its breach of an inter-creditor…
CICT plans S$500 million issue at S$2.105 a unit to help buy rest of CapitaSpring for S$1 billion
Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of over 237.5 million new units to raise gross proceeds of around S$500 million, with a minimum…
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement between S$2.105 and S$2.142 a unit
CapitaLand Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of more than 237.5 million new units to raise gross proceeds of around S$500 million, with a…
Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse
Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss of US$742.1 million for its fourth quarter ended…
First Reit H1 reports lower 2025 DPU of S$0.0113 on FX depreciation and enlarged unit base
Rental and other income for H1 2025 falls 2.9 per cent to S$50.5 million from S$52 million in H1 2024 The manager of First Reit reported a 5.2 per cent fall in H1 2025 distribution per…
First Reit reports lower H1 DPU of S$0.0113 on FX depreciation, enlarged unit base
Rental and other income for H1 2025 falls 2.9% to S$50.5 million from S$52 million The manager of First Reit reported a 5.2 per cent fall in H1 2025 distribution per unit (DPU) to S$0.0113…
Harley Davidson nears financing unit deal with Pimco, KKR
Harley-Davidson is in advanced talks to sell a stake in its financing unit as well as its existing motorcycle loan portfolio in a deal worth US$5 billion to Pacific Investment Management…
Intel to separate networking unit as new CEO Tan overhauls business
The CEO has been given the challenge of revitalising the chipmaker after years of missteps and high-capital manufacturing strategies led to growing losses Intel is planning to…
ST Group Food moves to liquidate UK unit that operates Gong Cha brand in the country
Catalist-listed ST Group Food plans to liquidate its indirect subsidiary in the UK, GCTea Outlets 2B, which operates a food and beverage outlet under the Gong Cha brand in the country.…
Temasek unit Azalea is back with another PE-based bond offering – Astrea 9
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity (PE) funds. The indicative total size of the new…
Julius Baer's first-half profit falls 35% on loan provisions, Brazil unit sale
Swiss bank Julius Baer posted a first-half profit of 295 million francs (S$473.5 million) on Tuesday (Jul 22), down 35 per cent year-on-year, pressured by loan loss provisions and…