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CDL unit raises offer for M&C New Zealand to NZ$2.80 a share
The higher offer reflects 60% premium to 1-month volume weighted average share price of NZ$1.75[SINGAPORE] City Development Limited’s (CDL) wholly owned subsidiary has increased its offer to buy the...
China Southern is said to mull Hong Kong IPO of cargo unit
The deal may be coming at a tricky time for the company, which relies on Chinese exports that are under threat because of the country’s trade war with the...
Sats unit bags 5 year contract with Emirates SkyCargo at Frankfurt Airport
The freight handler now provides specialised gateway services at 21 stations across the airline’s global network[SINGAPORE] Sats’ subsidiary Worldwide Flight Services has been awarded a new five-year cargo handling...
Nomura scales back China wealth unit, seeks new securities CEO
[HONG KONG] Nomura Holdings has scaled back its original focus on China wealth to prioritise an expansion in brokerage and asset management in the world’s second largest economy, according...
UOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
[SINGAPORE] United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into its Vietnam subsidiary, bringing its...
UOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
[SINGAPORE] United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into its Vietnam subsidiary, bringing its...
Sembcorp unit proposes to more than double stake in power supplier Senoko Energy
[SINGAPORE] Sembcorp Industries is moving to raise its stake in energy supplier Senoko Energy that could potentially more than double its interest in the company. Its wholly owned subsidiary Sembcorp...
HSBC cutting staff numbers by 900 at China Pinnacle unit: sources
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition...
