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Richard Li’s FWD plans buyback of US$900 million bond via new debt
The company will use the net proceeds of the five-year and 10-year notes for general corporate purposes, including refinancing the 8.4 per cent note[HONG KONG] Hong Kong billionaire Richard...
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[SINGAPORE] Seatrium on Friday (Sep 12) said its appeal in the Singapore court to block a...
Winklevosses’ crypto exchange Gemini raises US$425 million in IPO
Nasdaq has agreed to buy US$50 million worth of shares in a private placement at the initial public offering price[NEW YORK] Gemini Space Station raised US$425 million in an...
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[SINGAPORE] Property developer Low Keng Huat has sunk into the red with a net...
TVM Capital Healthcare announces first close of US$150 million South-east Asia Fund
The new fund will focus on healthcare segments where market demand is high but supply is limited[SINGAPORE] TVM Capital Healthcare, a private equity firm, has done the first close...
US FDA, border agency seize US$86.5 million worth of unauthorised e-cigarettes
US AUTHORITIES have seized 4.7 million unauthorised e-cigarettes valued at US$86.5 million in the largest operation of its kind to date, the Department of Health and Human Services said...
UOL sells Kinex mall for S$375 million
[SINGAPORE] Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property are Kinex Times Square and...
Del Monte swings into the black in Q1 with US$5.5 million net profit
[SINGAPORE] Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31, 2025, compared with a...
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[SINGAPORE] Canned-food brand Del Monte Pacific has returned to the black with...
Toronto condo sues church for $2.3 million over allegations of drug trafficking and violence
A condominium corporation in Toronto has filed a multi-million-dollar lawsuit against a neighbouring church, alleging it has become a “free-for-all haven” for illegal activity, including drug use, trafficking and...