Million
YZJ Maritime to make mainboard debut on Nov 18, looking to raise S$5.2 million through placement
It expects a market capitalisation of S$2.04 billion upon completion of the distribution and placement[SINGAPORE] Yangzijiang (YZJ) Maritime Development, the spin-off from YZJ Financial’s maritime investment segment, is set...
China to buy 12 million metric tons of US soybeans this season, Bessent says
[CHICAGO] US Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down...
AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note[KUALA LUMPUR] AirAsia Aviation Group plans to raise as much as US$600 million,...
Wilmar posts US$347.7 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results[SINGAPORE] Singapore-based agribusiness group Wilmar International posted a net loss of US$347.7 million for the third quarter...
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Revenue is up 14.4% for period, mainly driven by an increase in the number of stores [SINGAPORE] Sheng Siong reported an 11.9 per cent increase in earnings to S$43.7...
Prudential Q3 new business profit rises 14% to US$705 million; regional CEO leaves
[SINGAPORE] Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30. The insurance company also...
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
[SINGAPORE] The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two years, with a focus on...