Posts by Yurie Miyazawa
Accrelist subsidiary to acquire 60% stake in Nanjing health management company
ACCRELIST’S 95 per cent-owned subsidiary intends to acquire a 60 per cent equity stake in a health management company for 1.5 million yuan (S$280,000), said the Catalist-listed company on Wednesday (Jul 3). The subsidiary, Accrelist Medical Aesthetics (Hainan), will purchase 1.5 million newly issued and paid-up shares in Accrelist Nanjing, formerly known as Nanjing Yi…
Read MoreAccrelist to acquire 60% stake in Nanjing health management company
CATALIST-listed Accrelist intends to acquire a 60 per cent equity stake in a health management company for 1.5 million yuan (S$280,000), the group said on Wednesday (Jul 3). Accrelist, which has business in skincare products, medical aesthetics and electronics solutions, will acquire 1.5 million newly issued and paid-up shares in Accrelist Nanjing, formerly known as…
Read MoreCromwell E-Reit portfolio valuations inch up 0.6% in H1
It expects the net valuation adjustment to be relatively flat after accounting for expected capital expenditures over the latest half-year period Cromwell European Real Estate Investment Trust’s (Cromwell E-Reit) portfolio valuations for 107 properties rose 0.6 per cent to 2.2 billion euros (S$3.3 billion) for the first half ended Jun 30, 2024. This was compared…
Read MoreGoogle’s emissions shot up 48% over five years due to AI
GOOGLE’S emissions climbed by almost half over five years, as the company has infused artificial intelligence (AI) throughout many of its core products – making it harder to meet its goal of eliminating carbon emissions by 2030, according to a new environmental report from the tech giant. The annual report was released on Tuesday (Jul…
Read MoreUS: S&P 500, Nasdaq end at fresh records after Fed chair’s comments
WALL Street stocks jumped on Tuesday, lifting major indices to fresh records, following comments from Federal Reserve Chair Jerome Powell that boosted the odds for interest rate cuts. The broad-based S&P 500 gained 0.6 per cent to 5,509.01, a fresh record. The tech-rich Nasdaq Composite Index gained 0.8 per cent to 18,028.76, also a record, while the…
Read MoreBain-owned Chindata’s lenders bank on Asia’s data centre boom
BAIN Capital-owned data centre operator Chindata Group Holdings obtained a US$490 million five-year syndicated loan from banks keen to back Asia’s growing computing and data storage needs. The borrowing, which refinances an existing facility for the firm’s Malaysian unit, attracted seven lenders in syndication, according to people familiar with the matter. It follows a series…
Read MoreUS awards Moderna US$176 million to produce bird flu vaccine
The US government has awarded US$176 million to Moderna to advance development of its bird flu vaccine, the company said on Tuesday (Jul 2), as concerns rise over a multi-state outbreak of H5N1 virus in dairy cows and infections of three dairy workers since March. The funds from the US Biomedical Advanced Research and Development…
Read MoreBYD seals EV pact with leasing firm Ayvens to expand in Europe
The corporate fleet market is key to BYD’s push to break through in Europe, where the the world’s biggest maker of electric cars has struggled to gain traction BYD will work with French car-leasing firm Ayvens to expand its presence in Europe, in a deal that gives the Chinese electric-car maker better access to the…
Read MoreKeppel merges two wholly owned subsidiaries
Keppel Fund Management and Keppel Capital Alternative Asset are licensed fund managers under Keppel KEPPEL has amalgamated two indirect wholly owned subsidiaries to streamline the company’s organisational structure. The two are Keppel Fund Management (KFM), its private fund management arm, and Keppel Capital Alternative Asset. Both subsidiaries are licensed fund managers, and KFM will continue…
Read MoreUK becomes safe haven for investors spooked by France chaos
As the UK prepares to head to the polls on Thursday (Jul 4), the country’s financial markets appear to be shedding their recent reputation for volatility. British stocks are near a record high, bond fluctuations have evaporated, and hedging against pound weakness is at a seven-year low. That marks a rethink by investors who imposed…
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