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China’s Fosun to buy out Henlius Biotech, values it at HK$13.37 billion
CHINESE conglomerate Fosun International will buy the remaining stake in Shanghai Henlius Biotech that it does not already own in a deal that values the Hong Kong-listed drugmaker at...
Brokers’ take: SAC initiates coverage on ISOTeam with ‘buy’ call on growth drivers
The research team expects ISOTeam to gain more market share and improve its margins.SAC Capital has initiated coverage on ISOTeam with a “buy” recommendation and target price of S$0.073....
American Express to buy restaurant booking platform Tock for US$400 million
CREDIT card giant American Express said on Friday (Jun 21) it would buy Squarespace-owned restaurant booking platform Tock for US$400 million in cash.
The deal underscores AmEx’s push to build...
Nvidia’s staggering gains leave investors wondering whether to cash in or buy more
THE huge rally in Nvidia Corp’s shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past...
Honeywell strikes US$2 billion deal to buy aerospace and defence firm CAES Systems
Honeywell has agreed to buy aerospace and defence technology company CAES Systems for roughly US$2 billion from private equity firm Advent International, The Wall Street Journal reported on Thursday...
Best Buy trains 30,000 for Microsoft AI laptops launch
BEST Buy is gearing up for one of the biggest product launches of the year: artificial intelligence (AI) computers. The retailer is training tens of thousands of its employees...
Apple turns to third parties for ‘buy now, pay later’ after sunsetting product
ALTHOUGH Apple is discontinuing its buy now, pay later (BNPL) service launched last year, the company is sticking with the product, with a successor to the offering launching later...
Brokers’ take: Maybank reinitiates coverage on Sea with ‘buy’ call
MAYBANK Securities reinitiated coverage on Sea with a “buy” call and a target price of US$90, after projecting healthy revenue growth for the internet company.The research house estimates Sea’s...
