mulls
HSBC mulls cost-cutting plan of up to US$300 million, targeting top ranks: report
HSBC CEO Georges Elhedery is weighing cost-cutting measures that could save up to US$300 million by reducing top management layers, the Financial Times (FT) reported on Thursday (Oct 10).The...
Saudi Arabia’s PIF mulls larger stake in Nintendo: report
SAUDI Arabia’s Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday (Oct 5).Prince Faisal bin Bandar bin...
Singapore entertainment group Neon mulls IPO next year
IMMERSIVE entertainment group Neon is considering an initial public offering (IPO) in Singapore that may raise as much as S$500 million, sources said.The company, which is backed by Temasek’s...
Olympics caterer Sodexo mulls acquisition of Aramark
FRENCH food catering company Sodexo has been exploring a potential acquisition of US rival Aramark as it seeks growth overseas, sources said.The caterer has been discussing a possible purchase...
New World mulls replacing CEO Adrian Cheng
NEW World Development, the Hong Kong property developer owned by the billionaire Cheng family, is considering replacing third-generation scion Adrian Cheng as chief executive officer after writedowns that led...
India’s first AI unicorn Fractal mulls US$500 million IPO
FRACTAL Analytics, a provider of artificial intelligence (AI) services, is considering filing for an initial public offering (IPO) in Mumbai as soon as November to raise US$500 million, sources...
India’s Solar Energy to invest 180 billion rupees in renewables by 2030, mulls IPO
STATE-OWNED Solar Energy Corporation of India (SECI) on Friday (Sep 20) pledged to invest 180 billion rupees (S$2.9 billion) in equity for renewable capacity expansion by 2030, and announced...
HSBC mulls combining commercial, investment bank to cut costs
HSBC Holdings is weighing combining its commercial and investment bank divisions as part of new chief executive officer Georges Elhedery’s push to eliminate overlapping roles across the company and...
