Unit
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Olam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes [SINGAPORE] Agribusiness conglomerate Olam Group said on Wednesday (Dec 10) that its wholly owned subsidiary, Olam…
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Netflix to buy Warner Bros Discovery’s studios, streaming unit for US$72 billion
The deal will further tilt the power balance in Hollywood in favour of the streaming giant [LOS ANGELES] Netflix has agreed to buy Warner Bros Discovery’s TV and film studios…
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Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 [SAN FRANCISCO] Meta Platforms’ Mark Zuckerberg is expected to meaningfully cut resources for building the so-called…
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Intel says it will keep networking and communications unit
The chip maker has considerably improved its cash position as a result, finance chief Dave Zinsner says [SAN FRANCISCO] Intel said on Wednesday (Dec 3) that it has opted to…
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JD.com’s supply-chain technology unit seeks up to HK$3.3 billion in Hong Kong IPO
[HONG KONG] JD.com’s supply-chain technology unit has started taking investor orders for a Hong Kong initial public offering (IPO) that may raise as much as HK$3.3 billion (S$549 million), capping…
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Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case
[TAIPEI] Taiwan prosecutors said on Tuesday (Dec 2) they had charged Tokyo Electron’s Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former employee…
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Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago [SINGAPORE] Oversea-Chinese Banking Corp (OCBC) shares hit a fresh record as the wealth-management…
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OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago [SINGAPORE] Oversea-Chinese Banking Corp (OCBC) shares hit a fresh record as the wealth-management…
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OCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines
[SINGAPORE] OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday. OCBC is supported by “outperformance in the wealth franchise, and the…
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Wilmar China unit convicted of fraud; to appeal against judgement
[SINGAPORE] A subsidiary of Wilmar International has been found guilty of contract fraud by a Chinese court and ordered to jointly bear losses amounting to 1.88 billion yuan (S$345.6 million).…
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Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction [SINGAPORE] Integrated marine logistics company Marco Polo Marine has secured a NT$4.7 billion (S$198 million) contact from the…
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Wilmar unit to acquire 13% of Mumbai-listed joint venture with Adani
The 46.5 billion rupee purchase will be funded by internal sources and bank borrowings [SINGAPORE] A unit of agri-specialist Wilmar International will acquire 13 per cent of the shares held…
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CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target
[SINGAPORE] Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary of Amazon. The warrants will be issued to Amazon…
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Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel to 27.5% from 28.3% [SINGAPORE] Singtel announced its indirect wholly-owned subsidiary Pastel has raised gross proceeds of about S$1.5 billion from…
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Nexperia says it halted supply after China unit refused to pay
[NEW YORK] Nexperia said that it suspended supplies to its China factory because the local unit refused to make payments, laying bare the internal discord at the embattled automotive chipmaker.…
