Unit
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Keppel Reit unit secures three bridge loans totalling S$892 million
[SINGAPORE] The manager of Keppel Real Estate Investment Trust (Reit) said on Wednesday (Dec 24) that it has obtained three bridge loan facilities totalling about S$892 million through a wholly…
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Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
[MUMBAI] Chinese home appliance maker Haier Smart Home agreed to sell a 49 per cent stake in its India unit to Bharti Enterprises and Warburg Pincus. Haier will retain a…
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LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’ [SEOUL] South Korea’s LG Energy Solution (LGES) said on Wednesday (Dec 24) that its unit is…
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Volare Group triggers mandatory cash offer for Alpha Integrated Reit at S$0.48 per unit
The move comes after Volare acquired a significant stake of AI-Reit from ESR Group [SINGAPORE] Mindarie Investment, a wholly owned subsidiary of Swiss-based Volare Group, on Tuesday (Dec 23) launched…
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CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company [SINGAPORE] A Malaysian unit of CNMC Goldmine has been…
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Review of Optus emergency calls outage finds process, accountability gaps in Singtel unit
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times [SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability, and escalation…
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Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
[SINGAPORE] ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United States for US$7.8 million. Located in Memphis, Tennessee,…
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Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its five-year…
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Louis Vuitton sues unit of SGX-listed ValueMax over alleged trademark infringement
LV has four trademarks registered in Singapore: the ‘LV’ monogram and three graphical motifs [SINGAPORE] Global luxury and fashion goods company Louis Vuitton has sued a wholly owned subsidiary of…
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Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 [SINGAPORE] A subsidiary of container shipping group Samudera Shipping –…
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Intel has tested chipmaking tools from firm with sanctioned China unit: sources
Two of ACM’s units, based in Shanghai and South Korea, are barred last year from receiving US technology [WASHINGTON/SAN FRANCISCO] Chipmaker Intel, has tested chipmaking tools this year from a…
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ST Engineering’s US unit named in lawsuit over UPS plane crash
Lawsuit alleges negligence in maintenance checks by ST Engineering subsidiary VT San Antonio Aerospace [SINGAPORE] ST Engineering’s United States subsidiary, VT San Antonio Aerospace (VT SAA), was one of several…
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ST Engineering’s US unit among defendants in UPS plane crash lawsuit
Lawsuit alleges negligence in maintenance checks by subsidiary VT San Antonio Aerospace [SINGAPORE] ST Engineering’s United States subsidiary, VT San Antonio Aerospace (VT SAA), was one of several companies named…
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Harvey Norman operator Ossia sets up new unit; buys leasehold property, Global Ten Realty
[SINGAPORE] Harvey Norman operator Ossia on Wednesday (Dec 10) said it set up a new special purpose vehicle, Ossia Capital, to hold its property investment entities. Ossia Capital in turn…
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Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating US$1.12 billion. The facility, consisting of two US dollar…
