Firm
J&J to pay as much as US$1.7 billion for heart-tech firm V-Wave
Johnson & Johnson will pay as much US$1.7 billion for V-Wave, bolstering its development efforts to treat heart failure as it goes deeper into medical technology. J&J will pay US$600...
Ericsson reaches deal to sell US firm to Koch unit
SWEDISH telecom equipment maker Ericsson reached a US$1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch.Ericsson expects to get about 10.6...
Software firm AvePoint said to weigh second listing in Singapore
AvePoint is considering a second listing in Singapore, people with knowledge of the matter said, in a deal that would bring the US infrastructure software firm a step closer...
Chinese robotaxi firm WeRide eyes up to US$5 billion valuation in US IPO
CHINA-BASED autonomous driving startup WeRide said on Friday (Aug 9) it was seeking a valuation of as much as US$5 billion in its initial public offering (IPO) in the...
Commonwealth Bank tops BHP to become biggest Australian firm
COMMONWEALTH Bank of Australia has shot past the world’s biggest miner BHP Group and is now the country’s most valuable company.The lender’s market capitalisation hit a record high of...
Chinese solar firm forced into bankruptcy as supply glut bites
MORE Chinese solar manufacturers are falling into restructuring or bankruptcy, with a deepening oversupply and fierce price wars causing massive financial losses and threatening many smaller players’ survival.A subsidiary...
Best World raises stake in British beauty firm Pedal Pulses
Total purchase consideration of about S$5.5 million is not materially different from the one announced in April 2020BEST World International has raised its stake in British beauty company Pedal...
Data centre firm Equinix enters the Philippines, eyes on South-east Asia
Most South-east Asian countries present a conducive environment for data centre establishmentsEquinix has acquired three data centres in the Philippines from Total Information Management to expand its presence in...
Grab’s deal to buy Singapore taxi firm might lessen competition, regulator says
Nasdaq-listed ride hailing company Grab’s deal to buy Singapore’s private taxi firm Trans-cab Holdings is likely to result in substantial lessening of competition in the local market, the city-state’s...
Charting a Hi-P return to the Singapore bourse, backed by a S$100m cash injection from Temasek-linked firm
ADVANCED manufacturing service provider Hi-P has secured a S$100 million investment from Temasek-backed 65 Equity Partners, likely with a view to a listing on the Singapore Exchange. The capital...