Posts by Stephanie Irvin
PropNex Realty faces second lawsuit over 99-1 deals
[SINGAPORE] A PropNex unit – together with its salesperson and a law firm – has been sued by an Indonesian couple claiming about S$850,000 over a 99-to-1 transaction, making this the second reported suit of such nature for the mainboard-listed company’s subsidiary. This lawsuit came after PropNex Realty was one of the three defendants sued…
Read MoreKeppel enters joint venture to develop 19 plots of land in Tianjin
Agreement includes Keppel’s divestment of 30% stake in property developer Tianjin Fulong [SINGAPORE] Keppel Ltd said its wholly owned subsidiaries have entered into an agreement with Tianjin Shunhua Real Estate Construction Management to jointly develop 19 plots of land in the Tianjin Eco-City northern district in China. The asset manager and operator said on Wednesday…
Read MoreFireworks at CDL AGM, but shareholders vote strongly in favour of all resolutions
[SINGAPORE] The boardroom tussle at City Developments Ltd (CDL) involving executive chairman Kwek Leng Beng and his son, chief executive officer Sherman Kwek, was purportedly set aside for the greater good of the property group. But at its annual general meeting (AGM) on Wednesday (Apr 23), there were signs of lingering tensions as a couple…
Read MoreApple fined 500 million euros and Meta 200 million euros for breach of EU law
[BRUSSELS] Apple was fined 500 million euros (S$747.6 million) on Wednesday (Apr 23) and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could stoke tensions with US President Donald Trump who has threatened to levy…
Read MoreDigital Core Reit’s Q1 distributable income rises 9.9% to US$11.7 million
Its revenue is up 79.9% at US$44.2 million; net property income grows 41.8% to US$22.4 million [SINGAPORE] Digital Core Real Estate Investment Trust (Reit) posted distributable income attributable to unitholders of US$11.7 million for the three months ended Mar 31, 9.9 per cent higher from the year-ago period. The manager of the data centre-focused Reit…
Read MoreNetflix raises prices in Singapore as analysts remain ‘neutral’ on counter
[SINGAPORE] Netflix has raised its subscription prices in Singapore by S$2 to S$4, even as analysts remain neutral on the counter. The prices of the three subscription plans will go from S$13.98 to S$15.98 for the basic subscription, from S$19.98 to S$22.98 for the standard subscription and from S$25.98 to S$29.98 for the premium subscription. …
Read MorePSA weighs selling 20% stake in CK Hutchison’s ports business: sources
Published Wed, Apr 23, 2025 · 04:23 PM [SINGAPORE] PSA International is exploring the sale of its 20 per cent stake in CK Hutchison’s ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell. Tycoon Li Ka-shing’s CK Hutchison announced last month it would…
Read MoreChinese buyout firm is said to consider sale of chip tester UTAC
Considerations are at an early stage and Wise Road may decide not to proceed with a sale of the Singaporean company it acquired from a group of shareholders including Affinity Equity Partners and TPG in 2020 Published Wed, Apr 23, 2025 · 12:18 PM [HONG KONG] Wise Road Capital is considering selling semiconductor assembly and…
Read MoreAsia: Markets rally as Trump comments ease Fed, China trade fears
[HONG KONG] Asian stocks rallied with Wall Street on Wednesday (Apr 23) after Donald Trump said he had “no intention” of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically. Global markets, already upended by a trade war, were battered further at the start of the week…
Read MoreIntel to announce plans this week to cut over 20% of staff
[TAIPEI/SAN FRANCISCO] Intel is poised to announce plans this week to cut more than 20 per cent of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a source with knowledge of the matter. The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to the…
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