Singtel unit prices S$160 million in fixed-rate notes at 2.726%
Singtel Optus, a wholly owned subsidiary of the telecommunications giant, on Monday (Jul 21) priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent. They will be…
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Unit
LuisaViaRoma’s CEO Discusses Business Retooling Strategy, Milan Unit Closure
MILAN — Fashion retailers aren’t immune to the havoc being wrought by the current macroeconomic headwinds and LuisaViaRoma, among them, is looking at streamlining business operations to…
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets which include hitting a return on…
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters inquiry. “We’ve made the difficult business…
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager
ST Engineering is expected to get a one-off gain of around S$80 million from the proposed sale ST Engineering’s wholly owned subsidiary, ST Engineering Urban Solutions, has entered into an…
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager Seraya Partners
ST Engineering Urban Solutions, a wholly owned subsidiary of ST Engineering, has entered into an agreement with national grid operator SP Group to divest their joint venture (JV) SPTel, an…
Geely to take Zeekr unit private at US$6.83 billion valuation
The carmaker, which already holds 62.8% of Zeekr, has raised its buyout offer from US$2.2 billion in May to about US$2.4 billion — Geely…
UOL unit prices S$75 million fixed rate notes at 2.78%
They will be issued as the second tranche of the fifth series of a S$2 billion multicurrency medium-term note programme Property player UOL on Wednesday (Jul 9) announced that its wholly…
Hong Leong Asia unit imposes equity incentive plan of 1.8 million shares at US$0.10 apiece
Its aim is to create opportunities for directors and employees of CYI and its subsidiaries to participate in its equity Hong Leong Asia on Tuesday (Jul 9) announced that its subsidiary…
Hong Leong Asia unit introduces share options to incentivise staff
Aim is to create opportunities for directors and employees of China Yuchai International, and its subsidiaries, to participate in its equity Hong Leong Asia on Tuesday (Jul 8) announced…
Starbucks draws interest for controlling stake in China unit
Starbucks has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the operation, said sources familiar with the matter. The…
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes within the bank’s Apac Investment Banking business.…
Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU Seatrium has secured a floating storage regasification unit…
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its operations. In a statement issued on Wednesday (Jul…
TSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Taiwan Semiconductor Manufacturing Co’s overseas unit is set to issue US$10 billion worth of…
Sembcorp unit prices S$300 million fixed rate notes at 3.55%
The offering is close to seven times oversubscribed against the target issuance size Sembcorp Industries announced on Wednesday (Jun 25) that its wholly owned subsidiary Sembcorp Financial…
Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources
Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people familiar with the matter. Singapore-based Ant…
Sembcorp’s renewables unit wins round-the-clock power project from Indian public sector company
Sembcorp Industries on Thursday (Jun 12) announced that its wholly owned renewables subsidiary Sembcorp Green Infra was awarded a round-the-clock power project from Solar Energy…
Sembcorp’s renewables unit wins 50MW round-the-clock power project from Indian public sector company
Sembcorp Industries on Thursday (Jun 12) announced that its wholly owned renewables subsidiary Sembcorp Green Infra was awarded a 50 megawatt (MW) round-the-clock power project from Solar…
‘Cleaning Lady,’ ‘Alert: Missing Persons Unit’ Canceled at Fox
Both “The Cleaning Lady” and “Alert: Missing Persons Unit” have been canceled at Fox, Variety has learned. “The Cleaning Lady” had aired four seasons at the broadcast network, while…
Music Industry Moves: Concord’s Film and TV Unit Acquires RKO, Studio Behind ‘It’s a Wonderful Life,’ ‘King Kong,’ and ‘Citizen Kane’
Concord Originals, the film and television division of Concord, has acquired RKO, the film studio behind such classic titles as “King Kong,” “Citizen Kane,” “The Best Years of Our Lives,”…
Frasers unit to buy S$48 million Yishun cinema complex from Golden Village
A wholly owned subsidiary of Frasers Property has agreed to buy the Yishun cinema complex from Golden Village Multiplex and lease back the property to the cinema chain. Frasers unit Lion…
OKP unit wins S$258.3 million LTA contract to construct new cycling paths in east
A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land Transport Authority (LTA) for the construction of new…
Joint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the industrial government land sales programme to be awarded with an additional three years of lease A joint venture of Boustead Projects’ wholly owned…