investment

Temasek acquires minority stake in lung-delivered drug system Aerogen
SINGAPORE (Nov 8): Temasek has acquired a minority stake in Ireland-based designer and manufacturer of aerosol drug delivery systems, Aerogen, through the purchase of a secondary share interest, according to media reports. However, the financial terms of the transaction were not disclosed. John Power, founder and CEO of Aerogen, says, “We are excited to realise the growth opportunities ...
Hyundai reinvests another US$250 mil in Grab
SINGAPORE (Nov 7): Ride-hailing company, Grab, has secured US$250 million ($343.5 million) in investments from South Korean carmaker, Hyundai. This is Hyundai’s largest external technology investment and 10 times more than its earlier commitment to Grab in Jan 2018. With the intention to further expand in Singapore, Hyundai will also be providing 200 Hyndai electric vehicles to Grab’s ...
EMAS Offshore says potential investor conducting due diligence over US$73.3 mil investment
SINGAPORE (Oct 26): A potential white knight might be coming to the rescue of EMAS Offshore which is undergoing financial restructuring with an investment of US$73.3 million ($101.4 million). EMAS Offshore says the company and its wholly-owned subsidiary, Emas Offshore (EOPL) has entered into a non-binding term sheet with investor Udenna Corporation. Udenna is the majority shareholder of ...
Hyflux gets $530 mil lifeline from Indonesia's Salim and Medco groups
SINGAPORE (Oct 18): Two of Indonesia's largest companies have come to the rescue of Hyflux which is saddled with some $2.95 billion worth of debt as at end-March. SM Investments, a consortium made up of The Salim Group and the Medco Group, will invest $530 million in the water-treatment and power company. Under a scheme of arrangement, SM Investments will acquire an enlarged 60% stake ...
Grab secures investment from Microsoft as it adopts Azure platform's cloud services
(Oct 9): Microsoft Corp will invest an unspecified amount in Grab as the ride-hailing giant adopts the US company’s Azure as its preferred platform for cloud services. Under the five-year deal, the companies will collaborate on technologies including big data, artificial intelligence and connected car platforms. Grab counts Amazon Web Services among its existing cloud suppliers and ...
CapitaLand invests $27 mil in co-working operator for new 'office of the future' strategy
SINGAPORE (Oct 2): CapitaLand has, through its subsidiary CL Kingdom Investment (CKI), subscribed for a 50% stake in The Work Project Kingdom (TWPK) for $13.5 million, with the intention of extending shareholder loans through CKI to TWPK. TWPK owns the intellectual property rights to the brand The Work Project, a design-centric developer and operator of co-working offices in Hong Kong and ...
Early CPF withdrawals indicate anxiety; more nest eggs needed for future
SINGAPORE (Sept 10): It will be more than a decade from now before Tee, 43, can withdraw some cash from her Central Provident Fund (CPF) savings, but she has already made up her mind. Once she turns 55, the electrical engineer hopes to withdraw up to “tens of thousands” of dollars from her Ordinary Account (OA) and Special Account (SA) savings. This is the milestone age when the Retirement ...
Thakral Corp's 1H18 earnings rise 50% to $4 mil on higher revenue
SINGAPORE (Aug 2): Thakral Corporation reported a 50% rise in 1H18 earnings to $4 million compared to its earnings of $2.7 million a year ago. This came on the back of strong revenue growth from both its core businesses, investment and lifestyle.   For the 2Q ended June, Thakral posted $1.7 million in earnings, up 45% from $1.2 million in 2Q17. Revenue for 1H18 grew 18% to $84.1 ...
Interaction and advice makes wealth managing that much more meaningful
SINGAPORE (July 18): When it comes to wealth management, a constant dialogue with clients makes all the difference, says Dominique Jooris, South Asia CEO at Pictet Wealth Management. In an exclusive interview with The Edge Singapore, Jooris says “These dialogues are why one would go to a private bank. This is the type of service you would find here, that you would not find at commercial ...
ezbuy raises US$17.6 mil in pre-series C funding
SINGAPORE (May 24): Local online shopping platform, ezbuy.sg, has successfully raised a total of US$17.6 million ($23.6 million) in its pre-series C funding. This round of funding was co-led by several venture capitalist firms in the region, including IDG, Ventech, Sky9, VKC and CGC. In a media release issued on Thursday, ezbuy says that it will be using the funding to offer quicker and ...