Posts by Yurie Miyazawa
What does the delisting proposal by Great Eastern mean for the minorities as well as majority shareholder OCBC?
[SINGAPORE] As OCBC makes a conditional exit offer of S$900 million at S$30.15 per share to Great Eastern Holdings’ (GEH’s) shareholders, The Business Times takes a look at the background to the deal. What happened last year? Last May, OCBC made a voluntary unconditional general offer of S$25.60 per share or S$1.4 billion for the…
Read MoreUS aerospace industry anxious as tariffs loom
[NEW YORK] US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for more than 70 years. At the request of President Donald Trump, Commerce Secretary Howard Lutnick’s department launched an investigation on May…
Read MoreGroup CEO Ng Chin Siau increases 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 MoreThakral’s associate GemLife in advanced talks to IPO on Australian exchange via stapled securities
There is still no assurance or certainty that the proposed IPO would proceed and close successfully, says the company [SINGAPORE] Property investor Thakral Corp’s associate GemLife is considering an initial public offering (IPO) on the Australian Securities Exchange (ASX) in the form of stapled securities. GemLife, a lifestyle resorts business in Australia, is in “advanced…
Read MoreSingapore stocks rise post Trump-Xi talks; STI up 0.4%
Across the broader market, gainers beat losers 266 to 205 as 849.5 million securities worth S$1.1 billion change hands. [SINGAPORE] The local bourse ended Friday (Jun 6) in a positive territory after a call between US President Donald Trump and Chinese President Xi Jinping boosted investors’ confidence. The benchmark Straits Times Index (STI) rose 0.4…
Read MoreGold could test US$4,000 an ounce amid fiscal fears, escalating trade tensions: market watchers
[SINGAPORE] While gold has cemented itself above US$3,000 an ounce in 2025 amid trade uncertainty and US fiscal fears, a bullish forecast could see US$4,000 an ounce within a year’s time, said market watchers. In Asian trading on Friday (Jun 6), spot gold was trading around US$3,371 an ounce as at 12.19 pm, up 29…
Read MoreCordlife collection rates have not recovered to pre-incident levels, but resumption of Singapore operations are ‘encouraging’
[SINGAPORE] Cordlife said that the full resumption of its Singapore operations is an “encouraging step” in restoring client confidence and regaining operational momentum, even though collection rates remain below average levels from before a storage lapse in December 2023. The cord blood bank resumed operations earlier this year after the Ministry of Health (MOH) renewed…
Read MoreAsia: Markets wobble as Trump-Xi talks offset by Musk row
[HONG KONG] Asian markets stuttered on Friday as optimism from “very positive” talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk. The much-anticipated discussions between the heads of the world’s biggest economies fuelled hopes for an easing of tensions following the…
Read MoreSats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says [SINGAPORE] Ground handler Sats is proposing to divest 509,600 ordinary shares or around 49 per cent of paid-up share capital of holding company Servair-Sats to an airline catering company headquartered in Switzerland. The consideration for the disposal, arrived at on…
Read MoreAmazon cuts more jobs, this time in books division
Published Fri, Jun 6, 2025 · 09:13 AM [SAN FRANCISCO] Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. “As…
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