Out of the IPO proceeds, Rs 1,900 crore will be used for capital expenditure, Rs 1,100 crore will be used for the repayment of debt and Rs 500 crore in funding strategic acquisitions and investments. ( read original story ...)
Adani Wilmar Ltd Slashes IPO Size To Rs 3,600 Crore From Rs 4,500 Crore
The company, which sells cooking oils under the Fortune brand, is expected to float its initial public offering (IPO) this month, they added. AWL is a 50:50 joint venture company between ... ( read original story ...)
UOB to ‘kill 4 birds with 1 stone’ by acquiring Citibank’s operations in the region for S$5b
SINGAPORE — United Overseas Bank (UOB) will be acquiring the consumer business of Citibank in four countries for around S$5 billion, in a move that would propel its status to a leading retail bank and ... ( read original story ...)
Man jailed for conspiring to extort from colleague who had a ‘weakness for women’
SINGAPORE: Knowing that their colleague had just received a large insurance payout and had a "weakness for women", two men decided to play a prank on him by posing as a woman. However, this soon ... ( read original story ...)
Japan, Korean stocks lead losses; data shows China’s exports beat expectations
Asia-Pacific stocks dropped on Friday as the recent rally in U.S. stocks broke momentum with the Nasdaq snapping a three-day winning streak. ( read original story ...)
Citi to sell Southeast Asia retail business in $3.7 bln deal to Singapore’s UOB
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
SHAREit showcases strong momentum and shares the stage with top apps in Southeast Asia
SHAREit showcases strong momentum and shares the stage with top apps in Southeast Asia. SINGAPORE, Jan. 14, 2022 /PRNewswire/ -- SHAREit Group, a global technology company, today ... ( read original story ...)
FTAG Ventures Lead S$6 Million round for Leading Livestreaming Solutions Provider BeLive Technology
FTAG Ventures Lead S$6 Million round for Leading Livestreaming Solutions Provider BeLive Technology. SINGAPORE, Jan. 14, 2022 /PRNewswire/ -- FTAG Ventures has led a bridge fundin ... ( read original story ...)
Singapore start-ups deploy satellite with engine weighing ‘less than 2 cartons of milk’ into space
A satellite fitted with an engine developed by a Nanyang Technological University (NTU) start-up was deployed successfully on Friday (Jan 14) during a space mission launched from the United States by ... ( read original story ...)
Singapore: Man jailed, caned for attacking girlfriend with hammer, breaking friend’s nose for failing to wake up
Angered that his friend, who had fallen asleep drunk, did not wake up when he attempted to rouse him but did so when others tried, Vikram Sagathevan broke his nose. Nearly a year later, he attacked ... ( read original story ...)
Citi to Sell Southeast Asia Retail Business in $3.7 Billion Deal to Singapore’s UOB
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
Nanosatellite from SpaceX launches into space with Singapore tech start-up’s thruster
SINGAPORE - A nanosatellite from billionaire Elon Musk's company, SpaceX, launched into orbit early on Friday (Jan 14) morning, bringing along with it a thruster that was designed and produced by a ... ( read original story ...)
Citigroup to Sell Southeast Asia Consumer Businesses to Singapore’s UOB
Citigroup reaches an agreement to sell its consumer banking franchises in Indonesia, Malaysia, Thailand, and Vietnam to Singapore’s United Overseas Bank. ( read original story ...)
Best House for ESG/SRI Financing: HSBC
At a time when almost every bank is brandishing its ESG credentials in some way, HSBC has doubled down on its ESG work, making it GlobalCapital Asia’s pick for Best House for ESG/SRI Financing in 2021 ... ( read original story ...)
Best G3 Bond House: HSBC
In 2021, when the world stepped into the second year of pandemic and credit markets started witnessing more volatility and stress, one bank stood out from the pack — HSBC. ( read original story ...)
UOB to ‘kill four birds with one stone’ by acquiring Citibank’s operations in the region for S$5b
United Overseas Bank (UOB) will be acquiring the consumer business of Citibank in four countries for around S$5 billion, in a move that would propel its status to a leading retail bank and card issuer ... ( read original story ...)