A potential sale could value Paradise Group at as much as S$500 million ($367 million).
Oi Yee Choo will join iSTOX in January as its chief commercial officer.
Standard Chartered and PT Astra International each own 45% stakes in Permata.
IPOs & Markets
Lendlease’s IPO would be Singapore’s third-largest, after Prime U.S. REIT’s $612 million listing and Eagle Hospitality Trust’s $566 million of
In addition to the turmoil in A.S. Watson’s home market of Hong Kong, uncertainties around Brexit have affected the retailer’s business in the U.K
The Asian assets could be valued at $3-4 billion and a formal process could start later this year.
Khazanah, the sole shareholder of the airline, aims to get a deal done by the end of this year.
The extra money, which will be managed as part of GIC’s total portfolio, comes as the fund warns about low returns in coming years.
GIC's investments span old school players such as UBS Group as well as fintech startups like N26.
It is in advanced talks to sell a portion of its 40% Weststar holding to the company’s controlling shareholder, Malaysian businessman Syed Azman Sye
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