naked Hub

Co-working space operator naked Hub eyes Australia expansion with Gravity acquisition


naked Hub plans to open new locations across mainland China, Hong Kong, the Asia-Pacific and Europe.

South Korea says planned ban on cryptocurrency exchanges not yet finalised

South Korea said its plans had not yet been finalised as government agencies were still in talks to decide how to regulate the cryptocurrency market.

SoftBank mulls IPO of mobile phone unit, said to seek $18b

A spin-off – potentially the biggest IPO by a Japanese company in nearly two decades – would give SoftBank’s wireless unit more autonomy.

Australia’s Vocus launches org restructure in turnaround bid

Internet company Vocus Group will separate the enterprise and wholesale arm of its Australia business into two operating segments as part of a transformation programme.

SoftBank Vision Fund invests $560m in Germany’s Auto1 car portal

The investment, which marks SoftBank’s first investment in Germany, will be made through its nearly $98-billion Vision Fund.

Saudi sovereign wealth fund said to weigh bank loans for investments

The Public Investment Fund, or PIF, has held talks with local and international banks and could raise about $5 billion this year.

South Korea’s Hyundai Oilbank picks advisers for IPO seen worth at least $1b

Hyundai Oilbank is South Korea’s smallest refiner by capacity.

France’s Kering pares stake in Puma to focus on luxury brands

Under the terms of the agreement, Kering will distribute to its investors 70% of the shares of Puma. The plan leaves Kering founder Francois Pinault’s holding company Artemis with about 29% of Puma shares.

Mubadala explores sale options for its $920m stake in Malaysian lender RHB Bank

Mubadala’s stake is worth about $920 million based on Thursday’s closing price.

Nomura’s resurgent M&A service tops ranking for the first time since 2011

Nomura beat Goldman Sachs Group Inc. to the No. 1 spot in 2017 in large part due to deals involving buyout firms.