German armed forces to form new homeland security unit
Germany's Bundeswehr will establish a major new land forces unit dedicated to securing critical infrastructure and key military facilities across the country, an army spokesman said on…
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Germany's Bundeswehr to establish new homeland security unit
Germany's armed forces plan to establish a fourth major branch dedicated to securing critical infrastructure and key military facilities across the country, an army spokesman said on…
NATO naval unit to monitor critical infrastructure in Baltic Sea
NATO's standing maritime group is to set off from its base in the German port of Kiel for the Baltic Sea to monitor critical underwater infrastructure following several suspected acts of…
RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
RHB Research has lowered its target price on IReit Global to S$0.34 from S$0.40 previously, as it expects the real estate investment trust’s (Reit) near-term distribution per unit (DPU) to…
Billionaire Li Ka-shing’s Hutchmed in US$608 million health unit stake sales
HUTCHMED (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million as the billionaire and his flagship conglomerate look to ramp up…
Second Unit of South Africa Nuclear Plant Back Online After Major Maintenance
Eskom, South Africa’s major utility, said the second unit of the Koeberg nuclear power plant in that country was reconnected to the national grid after a major maintenance project. Eskom…
Pakistan Will Build Another Chinese-Designed Nuclear Power Unit
The Pakistan Nuclear Regulatory Authority (PNRA) issued a construction license to Pakistan Atomic Energy Commission (PAEC) for Chashma Nuclear Power Plant Unit 5 (C-5), on Dec. 26. PAEC…
Uber disappointed as Taiwan rejects deal for Delivery Hero unit
Uber Technologies said it remained committed to Taiwan after the island’s antitrust regulator rejected its plan to buy Delivery Hero’s foodpanda business on the island for US$950 million.…
Seatrium wins contract for deepwater new-build production unit
SEATRIUM has secured a contract to perform engineering, procurement, construction and onshore commissioning work for a deepwater new-build production unit under BP Exploration &…
News Corp sells Foxtel unit to DAZN in A$3.4 billion deal
NEWS Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (S$2.9 billion) including debt, cutting the Murdoch-controlled media…
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 billion) asset sale to Cellnex Telecom. The…
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 announced on Monday (Dec 16) that its wholly…
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 country, citing national security risks. In the filing…
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 owned subsidiary, Sembcorp Power, has signed a second…
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 Group, it said in a stock exchange filing on Thursday…
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 (SportSG) through its wholly owned subsidiary, Koh…
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 Tuesday (Nov 19). This comprises a private placement…
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 public offering (IPO) and reiterating that a…
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 Sembcorp Environment to SBT Investment 2 for S$405…
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 court decision that a claimant’s 1.7 trillion rupiah…
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 entrant in the derivatives market of the world’s…
Manulife cuts 2.5% of staff in wealth and asset management unit
Manulife Financial has cut hundreds of jobs in its global wealth and asset management business, representing about 2.5 per cent of the division’s staff. The move was made “in an effort to…
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a…
OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the property player said on Tuesday (Oct 22). The green…