investment

Assets under management in Asia Pacific to rise up to $40.2 tril by 2025: PwC
SINGAPORE (Jan 22): The asset and wealth management industry in Asia Pacific (APAC) is expected to be the centre for global Assets under Management (AuM) growth in the coming years, according to PwC. PwC’s Asset and Wealth Management 2025: The Asia Awakening report says APAC AuM is expected to grow at a total compound annual growth rate (CAGR) of 8.7% to US$16.9 trillion ($23 trillion) in ...
Trek 2000 announces US$3 mil investment in local renewable energy solutions company
SINGAPORE (Jan 14): Trek 2000 International is acquiring a 7.5% stake in energy solutions company Terrenus Energy for US$3 million ($4.06 million). See: Tracking the financial shenanigans at Trek 2000 See also: Trek 2000's 1Q earnings halved on lower revenue after component shortage, board conflicts, Racer sale Singapore-incorporated Terrenus offers solar energy systems using solar ...
FOX Chinese movie channel to invest in mm2 Asia's slate of 4 feature films
SINGAPORE (Dec 10): FOX Networks Group Asia (FNG Asia) flagship Chinese movies channel, SCM will be investing and co-producing a slate of four feature films developed by mm2 Entertainment, a wholly-owned subsidiary of mm2 Asia. In a media release issued on Friday, FNG says, “FNG’s investment springs from its longstanding commitment to make bold investments in premium original productions, ...
UOB aims to boost bilateral cooperation between Singapore and China with new partnership
SINGAPORE (Nov 20): United Overseas Bank (UOB) is partnering Suzhou Industrial Park Administrative Committee (SIPAC), which governs and administers China’s Suzhou Industrial Park (SIP), to facilitate the expansion of companies through cross-border trade and investment. The bank signed a memorandum of understanding (MoU) with SIPAC at the 12th Meeting of the Singapore-Jiangsu Cooperation ...
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 ...