Posts by Mark Darwin
Azeus H2 net profit up 91% at HK$57.6 million on higher revenue
IT SOLUTIONS and products provider Azeus Systems Holdings : BBW 0% on Thursday (May 30) posted a 91 per cent rise in net profit to HK$57.6 million (S$10 million) for its second half ended March 2024, from HK$30.3 million the year before. Revenue for the half year rose 44 per cent to HK$196.1 million from…
Read MoreUnusual sinks into the red with H2 net loss of S$6.4 million
UNUSUAL sank into the red with a net loss of S$6.4 million for its second half ended Mar 31, compared with a net profit of S$752,285 in the same period a year ago. This follows a 64.8 per cent decline in revenue to S$8.1 million, from S$22.9 million a year earlier. The concert promoter on…
Read MoreTesla makes push to roll out advanced FSD self-driving in China
TESLA is preparing to register its ‘Full Self-Driving’ software with authorities in China in the run up to its planned rollout of the technologically advanced feature this year, three people with knowledge of the matter said. The US electric vehicle maker is also considering selling the software as a monthly subscription to users of its…
Read MoreOnly woman in Singapore money laundering case sentenced to 15 months’ jail
LIN Baoying, 44, the only woman among the 10 foreigners nabbed in last year’s billion-dollar money laundering bust, was handed a jail term of 15 months on Thursday (May 30). This came after the Chinese national pleaded guilty to two counts of forgery and one count of money laundering. These charges aside, she faces another…
Read MoreSTI stays afloat in Asia’s sea of red; closes flat
THE Straits Times Index (STI) ended Thursday (May 30) at 3,323.38, roughly unchanged from the previous day. Advancers were slightly behind decliners, at 271 to 288, and S$1.14 billion worth of securities changed hands.
Read MoreSwiss watch exports post surprise jump after US revival
MONTHLY Swiss watch exports posted a surprise gain in April as a revival in demand for premium and luxury timepieces in the US and Japan offset continued weakness from China. Shipments rose 4.5 per cent by value to 2.1 billion Swiss francs (S$3.1 billion) in April from a year earlier, the Federation of the Swiss…
Read MoreBrookfield to buy out Temasek-backed Neoen in 6.1 billion euro deal
BROOKFIELD Asset Management has proposed to purchase a remaining 53.32 per cent stake in Neoen for 39.85 euros (S$58.19) per share. Neoen is a renewable energy developer headquartered in Paris and backed by Temasek. The asset management company is also purchasing Neoen’s outstanding convertible bonds at the same offer price. The all-cash mandatory tender offer…
Read MoreBrookfield, Temasek to buy out France’s Neoen in 6.1 billion euro deal
BROOKFIELD Asset Management, together with its institutional partners Brookfield Renewable and Temasek, have proposed to purchase a remaining 53.32 per cent stake in Neoen for 39.85 euros per share. Neoen is a renewable energy developer headquartered in Paris, with an 8,000 megawatts (MW) portfolio of wind, solar and storage assets in operation or under construction.…
Read MoreAsia’s largest reit calls for Hong Kong to resume multi-entry visas from Shenzhen
ASIA’S largest commercial real estate investment trust said Hong Kong authorities should resume issuing multi-entry permits for Shenzhen visitors to boost retail spending. While Hong Kong residents have been increasingly travelling across the border, “we need a two-way flow”, Link Reit chief executive officer George Hongchoy said on Thursday (May 30). Allowing Shenzhen residents to…
Read MoreTemasek backs Marketnode in Series A funding
IN A Series A funding round, Temasek backed digital market infrastructure operator Marketnode, which aims to develop a multi-asset ecosystem, starting in Asia-Pacific. The round’s successful first close was led by HSBC, with contributions from existing shareholder Temasek, Marketnode announced on Thursday (May 30). The investment will be used to scale neutral financial infrastructure across…
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