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Adani in talks with banks to borrow US$600 million for gas unit
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about US$600 million to refinance existing debt, according to people familiar with the matter.The loan will be raised by...
Maersk unit worth more than US$1 billion set to trade in spinoff
AP Moller-Maersk is spinning off its towage company on Tuesday (Apr 30) in a move analysts expect to slash the transportation giant’s market value by more than 5 per...
Perpetual in talks with KKR for corporate trust and wealth management unit sale
AUSTRALIA’S Perpetual has entered into exclusive talks with global investment firm KKR & Co for potential sale of its corporate trust and wealth management business, the financial services firm...
SK Innovation expects solid Q2 refining margins, battery unit widen losses
SK INNOVATION, owner of South Korea’s top refiner SK Energy, said on Monday (Apr 29) it expects solid refining margins to continue in the second quarter backed by firm...
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
SEATRIUM : S51 0% on Friday (Apr 26) said its subsidiary, Seatrium Offshore & Marine, has given notice to bondholders of its S$500 million floating-rate bonds that it aims...
iFast Q1 net profit surges on ePension unit performance
FINANCIAL services company iFast Corp : AIY 0% on Thursday (Apr 25) posted a 387.4 per cent spike in net profit to S$14.5 million for its first quarter ended...
Morgan Stanley Asia private equity unit to reorganise as CEO retires
MORGAN Stanley Private Equity Asia (PEA) is reorganising its teams in the region as its current chief executive of Asia Chou Chin is retiring, according to an internal memo...
OKP unit gets S$92.9 million LTA contract
OKP’s : 5CF 0% wholly owned subsidiary Eng Lam Contractors has secured a contract worth S$92.9 million from the Land Transport Authority (LTA) for the construction of new cycling...
