By Shiwen Yap
Raffles Education has increased its stake in Malaysian associated corporation RKL, with the acquisition that will increase its stake in 50%.
Europe’s biggest lender HSBC plans to transfer its Singapore retail and wealth management business to a locally incorporated subsidiary on May 9, the bank said on Friday. The move comes after HSBC was identified by Singapore’s central bank last year as one among seven banks which had a significant retail… Read more »
The Bank of Singapore and Global Lion Investors are partnering to launch a $126 million Asian Singapore Asian Income Fund
Singapore-based television and movie producer mm2 Asia Ltd is in the process of acquiring 51 per cent stake in event production firm UnUsUaL Group of Companies for S$26 million (around $18 million). The media company has signed a non-binding term sheet with Ong Chin Soon and Ong Chin Leong to acquire… Read more »
Frasers Centerpoint Limited is considering a listing of its Australian assets in Singapore, in the form of a REIT.
Hengxin Technology, the manufacturer of coaxial cables for mobile communications in China, is acquiring 24 per cent stake its Mianyang Siemax from its vendors for a total consideration of RMB72 million ($11 million). The transaction has been carried out through its wholly-owned subsidiary Hengxin (Jiangsu) that entered into the sale and purchase agreement… Read more »
Singapore-based AEM Holdings has entered into an agreement to sell the plating business in its unit AEM (Suzhou) to Chinese electronics manufacturing firm Jiangsu Yunyi Electric Co for RMB6.63 million ($1 million). According to a statement by AEM, the loss-making plating business was weighing on the group’s financials and was… Read more »
The rout has been blamed for falling trading volumes and a loss of investor confidence in Southeast Asia’s biggest stock market. It led to rule changes and triggered the city’s largest securities fraud probe.
New Silkroutes Group has formed a JV with CG Capital Partners, as part of a move to expand its global reach.
EDBI investment will enable Knewton to scale its Asian presence. It will build on operations in Singapore to serve local and regional customers, as well as partner local large publishers.