Culture
Centurion Accommodation Reit’s offer of 262.1 million units oversubscribed by 16.6 times
The manager of Centurion Accommodation Real Estate Investment Trust (Reit) on Wednesday (Sep 24) said that the 262.2 million units on…
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Culture
Singtel’s Optus served A$100 million fine by Australia’s Federal Court for “appalling” actions against disadvantaged consumers
The telco sold phones and contracts to over 400 such consumers, including those with mental disabilities and learning difficulties, or who…
Culture
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities Food Empire raised around…
Culture
Revolut to spend US$13 billion on its push for 100 million users
The company aims to become one of the top three financial apps in every market it enters Revolut plans to enter 30 new geographies by the…
Culture
Hongkong Land closes 1.2% higher on S$738.7 million MCL Land divestment
It is selling its Singapore and Malaysia residential property arm to Malaysian conglomerate Sunway Group as it exits the residential…
Culture
Nvidia spent over US$900 million to hire Enfabrica CEO, license technology, CNBC reports
NVIDIA has spent over US$900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup…
Culture
Sunway group to buy Hongkong Land’s property arm MCL Land for S$738.7 million
Real estate group Hongkong Land Holdings will sell its Singapore and Malaysian property arm MCL Land to Malaysia’s Sunway group for…
Culture
Malaysia's Sunway Group to buy Hongkong Land’s development arm MCL Land for S$738.7 million cash
The sale is effectively at net asset value, says Hongkong Land chief executive Michael Smith Real estate group Hongkong Land will sell its…
Culture
Octave Capital launches US$75 million ocean-focused impact fund with Katapult Ocean
The fund will look into supporting relevant startups in the Asia-Pacific, as well as companies from elsewere looking to expand into the…
Culture
Del Monte Pacific restates US$443 million loans to non-current status; auditor issues disclaimer on US$703 million entry
Del Monte Pacific (DMP) will not have to repay a loan of nearly US$443 million in the current fiscal year after reclassifying them as…
Culture
Another Malaysian unit of mm2 Asia receives RM1.5 million payment demand
MM2 Star Screen is also asked to pay 5% interest on the amount owed, along with the legal costs of film distributor Antenna Entertainments…
Culture
Carro raises US$60 million to capture Japanese used car demand in Asia Pacific
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Culture
SGX CEO Loh Boon Chye’s pay rises 3.3% to S$7.82 million in FY2025
This follows record high earnings and revenue for the local bourse operator in the financial year Singapore Exchange (SGX) chief executive…
Culture
UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners
UltraGreen.ai has secured a US$188 million investment round led by 65 Equity Partners and Vitruvian Partners. Other investors in the round…
Business
Dinosaur eggs from China found to be around 86 million years old, according to ‘atomic clock’ dating
A clutch of 28 dinosaur eggs found in the Qinglongshan fossil reserve in central China is about 86 million years old, according to…
Culture
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment Seatrium on Friday (Sep 12) said its appeal in…
Culture
Winklevosses’ crypto exchange Gemini raises US$425 million in IPO
The firm offers a crypto exchange, a US dollar-backed stablecoin, crypto staking, digital asset custody and a credit card that offers…
Culture
Low Keng Huat sinks into the red with S$10.2 million net loss in H1
The property developer’s half-year revenue tumbles 85% to S$38.7 million, from S$257.9 million the previous year Property developer Low…
Culture
Centurion Accommodation Reit to offer 262 million units at S$0.88 apiece in mainboard listing
Spinoff from Centurion Corp intends to raise gross proceeds of approximately S$1.5 billion Mainboard-listed Centurion Corp is spinning off…
Culture
TVM Capital Healthcare announces first close of US$150 million South-east Asia Fund
Investor commitments to the fund include institutional investors and cornerstone investor Invest International, which was founded by the…
Culture
UOL sells Kinex mall for S$375 million
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property…
Culture
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Culture
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider Alibaba Investment,…
Culture
Aoxin Q&M’s ex-CEO accused of taking 15 million yuan via improper loans, sham share deals
The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible The audit committee of…