maker
-
China bubble tea maker Guming raises US$232 million in IPO, term sheet shows
CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its shares at the top of an indicated…
-
Tequila Maker Diageo Axes Sales Target On Trump Tariffs
Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump’s tariff plans set to sour its US sales of tequila…
-
EV maker Nikola explores sale, partnerships with cash dwindling – The Business Times
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources familiar with the matter. Other possibilities under consideration…
-
Chinese soda maker Dayao is said to consider US$500 million Hong Kong IPO – The Business Times
CHINESE soda maker Dayao is gearing up for a Hong Kong initial public offering (IPO) as early as the second half of 2025, sources familiar with the matter said, building…
-
Tyre maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for US$701 million
GOODYEAR Tire & Rubber said on Tuesday (Jan 7) that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for US$701 million in cash as part of a…
-
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial intelligence (AI) infrastructure buildout continued apace. Hon Hai, also known as Foxconn,…
-
Chinese toy maker Bloks Group files for up to HK$1.46 billion Hong Kong IPO
BLOKS Group is looking to raise as much as HK$1.46 billion (S$225 million) in a Hong Kong initial public offering (IPO), as the Chinese toy maker aims to ramp up…
-
Drone maker Baykar gets nod to buy Italy’s Piaggio Aerospace
TURKEY’S Baykar Makina Sanayi ve Ticaret Anonim Sirketi got a green light from Italian authorities to buy aviation and defence company Piaggio Aerospace. The Industry Ministry authorised the sale to…
-
Nio’s mass market push draws scorn as EV maker promises a profit
IT’S a wonder three little headlights can stir up such debate. But that’s what many netizens in China have been driven to comment on following the launch of Nio’s newest…
-
Xerox to buy printer maker Lexmark from Chinese owners in US$1.5 billion deal
The office equipment manufacturer has seen its revenue shrink for five straight quarters OFFICE equipment manufacturer Xerox will buy Chinese-owned printer and printing software maker Lexmark International in a US$1.5…
-
Mondelez exploring takeover of US chocolate maker Hershey
MONDELEZ International, the snacks and sweets company, is exploring an acquisition of iconic US chocolate maker Hershey, in a potential deal that would create a food giant with combined sales…
-
Crystal Maker Swarovski To Enter Fragrance Market
NEW YORK, NY – JULY 14: General view of the atmosphere during the Gucci Bamboo Fragrance launch on July 14, 2015 in New York City. Andrew H. Walker/Getty Images for…
-
Warhammer Maker Games Workshop Enters London’s Top Stocks Index
British company Games Workshop, makers of miniature wargames figures, entered London’s top-tier FTSE 100 index, the London Stock Exchange announced Wednesday, propelled by the profitability of its Warhammer franchise and…
-
EV maker Lion Electric wins temporary creditor relief, halts US factory
ELECTRIC bus manufacturer Lion Electric is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from its lenders.…
-
Jeep and Fiat maker Stellantis’ CEO quits early over strategy dispute
STELLANTIS chief executive officer Carlos Tavares, known for his cost-cutting drive, stepped down from the automaker following a dispute with the board over how to arrest weakening sales and a…
