Unit
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F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each [SINGAPORE] Beverage maker Fraser and Neave (F&N) has priced S$125 million in fixed-rate notes…
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Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026 [HONG KONG] Xpeng has hired banks to work on an initial public offering of its flying…
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Arm launches ‘Physical AI’ unit, joining rush to robotics by tech and automakers
Interest in humanoid robots has boomed as companies see human-form machines as the next frontier in AI and automation [BENGALURU] Chip technology company Arm Holdings has reorganised the company to…
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Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt [SINGAPORE] Marco Polo Shipyard, a wholly owned subsidiary of integrated marine logistics…
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mm2 Asia unit receives S$200,000 payment demand from creditor
This is the third demand for payment that mm2 Asia’s subsidiaries have received in two weeks [SINGAPORE] A unit of the embattled entertainment group mm2 Asia has received a payment…
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FEO unit raises Banyan Tree stake; Acma announces placement
For 2025, the total buyback for consideration for more than 80 primary-listed companies totalled S$2.2 billion [SINGAPORE] For the abbreviated trading sessions between Dec 26 and Dec 31, institutions were…
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Far East unit ups Banyan Tree stake; Acma plans share placement
For 2025, the total buyback for consideration for more than 80 primary-listed companies totalled S$2.2 billion [SINGAPORE] For the abbreviated trading sessions between Dec 26 and Dec 31, institutions were…
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Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn
There is no material impact on its financial position and performance of the group [SINGAPORE] The lawsuit against PropNex subsidiary PropNex Realty and two co-defendents for alleged misconduct has been…
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Baidu’s AI chip unit Kunlunxin confidentially files for Hong Kong IPO
The Beijing-based firm has been valued at at least US$3 billion, according to sources [HONG KONG] Baidu’s artificial-intelligence (AI) chip unit has confidentially filed for a Hong Kong initial public…
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mm2 unit receives payment demand for S$6.3 million from creditor
[SINGAPORE] A unit of embattled entertainment group mm2 Asia has received a payment demand for S$6.3 million, the company said in a Wednesday (Dec 31) bourse filing. The subsidiary, mm2…
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Sembcorp unit wins investment licence to develop Vietnam-Singapore Industrial Park
[SINGAPORE] A wholly owned subsidiary of Sembcorp Industries – Sembcorp Development – has secured an investment licence to develop a new Vietnam-Singapore Industrial Park (VSIP) in Khanh Hoa Province in…
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Sembcorp unit wins investment licence to develop Vietnam-Singapore Industrial Park
[SINGAPORE] A wholly owned subsidiary of Sembcorp Industries – Sembcorp Development – has secured an investment licence to develop a new Vietnam-Singapore Industrial Park (VSIP) in Khanh Hoa Province in…
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Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia [NEW YORK] Citigroup said that it expects to post a…
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mm2 Asia unit receives payment demand for S$18.9 million from creditor
[SINGAPORE] A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the parent company secured protection…
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Frasers Property unit to lend up to 938.6 million baht to JV with two ThaiBev units
The capital injections will advance the technology and digitalisation of both Frasers Property Group and Thai Beverage Group [SINGAPORE] Frasers Property Holdings (Thailand), a subsidiary of Frasers Property , has…
