Unit
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KKR plans investment expansion for insurance unit in India
The investment firm insurance business is anchored through Global Atlantic Financial Group [MUMBAI] KKR is planning a bigger role for its India insurance unit, as the investment firm expands in…
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Seatrium to sell ship owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies [SINGAPORE] Seatrium is selling its entire stake in its wholly owned indirect subsidiary…
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Amazon reports cloud unit grew at fastest rate since 2022
The company has invested heavily in data centres and chips to build and operate AI models capable of generating text or images and automating processes [WASHINGTON] Amazon.com’s cloud unit posted…
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Director of Hong Leong Asia unit resigns amid probe by authorities in China
Wu Qiwei, a former board member of China Yuchai International, is suspected of ‘serious violations’ [SINGAPORE] Wu Qiwei, a director of Hong Leong Asia subsidiary China Yuchai International, has resigned…
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LHN’s co-living unit Coliwoo to offer 80.3 million shares at S$0.60 apiece in mainboard listing
The offering comprises a placement of 75 million placement shares to investors in Singapore and outside the United States as well as a public offer of 5.3 million public offer…
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Sembcorp Solar, new Aster unit ink deal for renewable power worth 17,000 cars’ emissions
Aster Power will focus on advancing power and steam generation, as well as renewable power solutions across Aster’s assets [SINGAPORE] Chemical and energy solutions firm Aster on Monday (Oct 27)…
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PropNex unit, agent sued by Hao Mart over Orchard Road lease for over S$3.5 million
[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of mainboard-listed PropNex and one of its agent, alleging misrepresentation in the leasing of the Orchard…
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Hao Mart sues PropNex unit, agent for S$3.5 million over Taste Orchard lease
Defendants say they’re acting as agent for landlord OG, and therefore owe no obligation to the plaintiff to act in its best interests [SINGAPORE] Supermarket chain Hao Mart has filed…
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Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they’re agent for landlord OG, and owe no obligation to the claimant to act in its best interests [SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against…
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Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese unit has resumed supplying semiconductors to local distributors, according to two…
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Wee Hur unit in JV to build Wycombe Abbey international school in Singapore
It also plans to consolidate its purpose-built student accommodation assets under a new fund [SINGAPORE] Wee Hur announced on Wednesday (Oct 22) that its wholly owned subsidiary Wee Hur Property…
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Meta reported to be cutting around 600 roles in AI unit
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit [BENGALURU] Meta is cutting roughly 600 positions out of the several thousand roles within its Superintelligence Labs artificial…
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Meta is cutting around 600 roles in AI unit, Axios reports
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit [BENGALURU] Meta is cutting roughly 600 positions out of the several thousand roles within its Superintelligence Labs artificial…
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Wilmar Indonesia unit general manager charged over sugar imports
The unlawful raw sugar imports have allegedly caused state losses amounting to 578 billion rupiah [SINGAPORE] The general manager of Wilmar International’s Indonesian subsidiary has been charged by the Indonesian…
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Wilmar Indonesia unit general manager charged over sugar imports
The unlawful raw sugar imports have allegedly caused state losses amounting to 578 billion rupiah [SINGAPORE] The general manager of Wilmar International’s Indonesian subsidiary has been charged by the Indonesian…
