Posts by Mark Darwin
NTT seeks up to US$864 million in data centre Reit’s Singapore IPO
[SYDNEY/SINGAPORE] Japanese telecom giant NTT is seeking to raise roughly US$864 million in a Singapore IPO for a data centre Reit if an overallotment option is included, according to a term sheet that marked the start of the bookbuilding process. NTT DC Reit’s portfolio comprises six data centre assets located in the United States, Austria…
Read MoreUS-based I Squared Capital dumps plans to make separate offer for Hong Kong’s HKBN
Published Mon, Jun 30, 2025 · 08:21 PM [HONG KONG] US-based infrastructure investment firm I Squared Capital has withdrawn plans to make a takeover offer for Hong Kong’s HKBN, the broadband operator said on Monday (Jun 30), as a competing bid backed by a state-owned entity takes centre stage. The announcement comes over a month…
Read MoreSingapore shares buck regional rally, STI dips 0.1%
Wilmar International’s shares still under pressure, hit a 52-week low at market’s close; OKP and Keong Hong both at 52-week highs [SINGAPORE] Singapore shares started the week closing slightly lower, bucking the trend elsewhere in the Asia-Pacific, which rode on a record-breaking session on Wall Street last Friday. The Straits Times Index (STI) was 0.1…
Read MoreUBS kicks off share buyback programme of up to US$2 billion
Published Mon, Jun 30, 2025 · 04:13 PM [ZURICH] UBS Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30). The buyback is expected to kick off on July 1, it said, adding that the plan had been previously…
Read MoreChina shows off tech resilience in face of trump export controls
[BEIJING] As Donald Trump brandishes US export controls on technology as a bargaining chip to wrest supplies of rare earth magnets from Beijing, China is showcasing what it can do without the most advanced American semiconductors. On a government-organised trip this month to Jiangsu and Zhejiang, two of China’s richest provinces that spawned artificial intelligence…
Read MoreIndia’s Adani Enterprises plans public bond sale
Published Mon, Jun 30, 2025 · 12:12 PM [MUMBAI] Indian billionaire Gautam Adani’s flagship company aims to raise 10 billion rupees (S$149.1 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges. This will be the second time within a year that Adani…
Read MoreTorrent to acquire KKR’s stake in JB Pharma for US$1.4 billion
[MUMBAI] Torrent Pharmaceuticals agreed to take a controlling stake in JB Chemicals & Pharmaceuticals from private equity firm KKR, the latest sign of a dealmaking boom in India. Torrent will buy a 46.4 per cent stake in the company known as JB Pharma from KKR for 1,600 rupees per share, according to a statement on…
Read MoreOil falls on prospect of more Opec+ supply, easing risks in Middle East
Published Mon, Jun 30, 2025 · 08:54 AM [SINGAPORE] Oil prices fell 1 per cent on Monday as an easing of geopolitical risks in the Middle East and the prospect of another Opec+ output hike in August boosted the supply outlook. Brent crude futures fell 66 cents, or 0.97 per cent, to US$67.11 a barrel…
Read MoreStocks to watch: OCBC, Fu Yu, TalkMed
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 30): OCBC: The local bank announced in an e-mail sent to customers on Jun 27 that it will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum…
Read MoreShein to file confidentially for Hong Kong IPO in rare move: sources
CHINA-FOUNDED fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice of companies making public filings of IPO documents, three sources with knowledge of the matter said. Shein aims to submit the filing confidentially as soon as this week, one of the…
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