Firms
MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
[SINGAPORE] The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its anti-money laundering and countering the financing of terrorism...
China tech firms ramp up M&A deals with the blessing of Beijing
[BEIJING] After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China’s technology giants are back in favour and on...
Japan firms exit Tokyo exchange at record pace in delisting rush
[TOKYO] Japanese companies are leaving the Tokyo Stock Exchange (TSE) at the fastest pace in over a decade, reflecting a surge in deals and management buyouts as they face...
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes.
The firm, Hong Kong-based...
CEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes.
The firm, Hong Kong-based...
Chinese firms in talks to join group for Li Ka-Shing’s ports
[HONG KONG] China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people...
Chinese firms may join group seeking to buy Li Ka-shing’s ports: sources
[HONG KONG] China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people...