Posts by Yurie Miyazawa
Interest rate cuts, end of remote work could make office S-Reits the ‘dark horses’ of 2025
SINGAPORE-LISTED office real estate investment trusts (S-Reits) have the potential to be the “dark horses” on the local bourse next year as they are more sensitive to interest rate cuts compared to other sub-sectors, analysts say. Positive business sentiment, easing debt and a continuing trend towards work-from-office could buoy office S-Reits, whose valuations have lagged…
Read MoreEU backing for China EV tariffs shows Berlin’s waning influence
GERMAN Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. Germany was one of only five EU members to reject tariffs after months of pressure from its carmakers, which rely on China…
Read MoreActivist Starboard Value takes US$1 billion stake in Pfizer
Activist investor Starboard Value has taken a stake of about US$1 billion in Pfizer and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a person familiar with the matter. Starboard has approached former Pfizer executives Ian Read and Frank D’Amelio to aid in its efforts, and they have expressed interest…
Read MoreSilverlake Axis loses free float, likely to delist
SILVERLAKE Axis on Monday (Oct 7) evening said it has lost its free float and may be delisted, now that it no longer meets the free-float requirement of the Singapore Exchange (SGX). As at 5.30 pm on Monday, the total number of shares owned, controlled or agreed to be acquired by the offeror E2I, as…
Read MoreAdani Group in talks to buy Heidelberg’s Indian cement operations
The Adani Group is in talks to buy the Indian cement operations of Germany’s Heidelberg Materials in a deal that could be worth about US$1.2 billion, the Economic Times newspaper said on Monday (Oct 7), citing people familiar with the matter. Led by billionaire Gautam Adani, the group entered India’s cement industry in 2022 by…
Read MoreWine maker Duckhorn to be acquired by Butterfly Equity in US$1.95 billion deal
PREMIER luxury wine maker Duckhorn Portfolio said on Monday (Oct 7) it would be taken private by Butterfly Equity in an all-cash deal worth US$1.95 billion. Private equity firm Butterfly will pay Duckhorn stockholders US$11.10 per share, representing a premium of about 106 per cent to the wine maker’s last close on Friday. Shares of…
Read MoreChina’s brokers skip holidays to staff up for ‘hectic’ reopening
BROKERAGES and stock exchanges in China are gearing up for a frantic on Tuesday (Oct 8) when onshore markets reopen after a week-long holiday, with optimism running high that Beijing’s stimulus measures will give shares another leg up. Professionals in the information technology, operations and customer service departments at local brokerages cancelled their holidays to…
Read MoreOUE Healthcare unit signs alliance agreement with Shanghai hospital
Under the accord, the two hospitals will have a ‘two-way green channel access’ for patients CATALIST-LISTED OUE Healthcare, through its joint venture hospital in Changshu, China, has signed a healthcare alliance agreement with a hospital in Shanghai. The hospital, Shanghai Changzheng Hospital, is a public Grade 3A general hospital – the highest of China’s three-tier…
Read MoreShell sees strong natural-gas production in third quarter
SHELL saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals. Integrated gas production during the period was likely 920,000 to 960,000 barrels of oil-equivalent a day, in line with second-quarter output, the company said in a…
Read MoreSegantii gives up Hong Kong office amid insider dealing charge
Segantii Capital Management, the hedge fund firm at the centre of an insider trading case, has left its 12,000-square-foot office in Hong Kong, said people familiar with the matter. The firm founded by Simon Sadler vacated the 21st and 22nd floors of 100 Queen’s Road Central, said the people, who requested not to be identified…
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