Posts by Mark Darwin
CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen
[SINGAPORE] CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional investors for its value-add lodging private fund, CapitaLand Ascott Residence Asia Fund II (Clara II). The latest fundraising includes the acquisition of a prime mixed-use asset in Tokyo at more than 30 billion yen (S$267.2…
Read MoreBYD unleashes an EV industry reckoning that alarms Beijing
[BEIJING] The price war engulfing China’s electric vehicle (EV) industry has sent share prices tumbling and prompted an unusual level of intervention from Beijing. The shakeout may just be getting started. For all the Chinese government’s efforts to prevent price cuts by market leader BYD from turning into a vicious spiral, analysts say a combination…
Read MoreChina’s copper boom under threat as miners test bargaining power
[BEIJING] The unrelenting expansion of Chinese copper processing capacity over the past few years has now become a global headache, as smelters scramble to secure the ore they need to produce the vital industrial metal. Output in the world’s top producer of the refined metal has ballooned to a record this year, even in the…
Read MoreGeely chairman says global auto industry faces ‘serious overcapacity’
Chinese automakers that have been building plants abroad include BYD, Chery Auto and Great Wall Motor Published Mon, Jun 9, 2025 · 07:29 AM [SHANGHAI] Geely’s chairman and founder Li Shufu said on Saturday (Jun 7) that the global automotive industry was facing “serious overcapacity” and that the Chinese automaker had decided not to build…
Read MoreLittle known sweet potato producer Zixin Group could be a treat for investors
[SINGAPORE] Catalist-listed Zixin Group is hardly considered a household name on the Singapore Exchange (SGX). The company describes itself as “a leading biotech-focused sweet potato integrated industrial value chain operator in China” – which is a mouthful, and hard for investors to digest. In essence, Zixin Group researches and produces sweet potatoes, as well as…
Read MoreGroup CEO Ng Chin Siau increases his stake in Q & M
[SINGAPORE] Over the five trading sessions from May 30 to June 5, institutions were marginal net sellers of Singapore stocks, with net institutional outflow of S$32 million compared to net outflow of S$2 million for the preceding five sessions. This keeps the net institutional outflow for 2025 to June 5 at S$1.76 billion. The stocks…
Read MoreKeppel DC Reit set to join STI from Jun 23
[SINGAPORE] Following the Straits Times Index’s (STI) June quarterly review, Keppel DC Reit will be entering the index, replacing Jardine Cycle & Carriage, effective from Jun 23. This increases the total number of S-Reits in the index to eight. The eight S-Reits in the STI will be: CapitaLand Ascendas Reit, CapitaLand Integrated Commercial Trust, Frasers…
Read MoreUS: Stocks rebound on jobs data relief, US-China talks
[WASHINGTON] Wall Street stocks bounced on Friday as solid US employment data helped stave off concerns of an imminent downturn, while President Donald Trump’s announcement that US and Chinese officials would soon meet added to optimism. The Dow Jones Industrial Average was up 1.1 per cent to 42,762.87, while the broad-based S&P 500 Index added 1.0 per…
Read MoreUBS faces tough new Swiss banking sector rules
[BERN] The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold US$26 billion more in core capital, confirming some of the bank’s worst fears about incoming new regulations. The key proposal, which the bank would have six to eight years to prepare…
Read MoreStonepeak said to be in exclusive talks for RM9 billion buyout of Yinson
Published Fri, Jun 6, 2025 · 08:30 PM STONEPEAK Partners is in exclusive talks for a buyout of Yinson Holdings that may value the firm at as much as RM9 billion (S$2.73 billion), according to people with knowledge of the matter, in what could be one of the biggest deals in Malaysia this year. New…
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