investments

Metro bets on decentralised office market with $45.6 mil investment in Tampines property
SINGAPORE (April 18): Metro Group has acquired 7 & 9 Tampines Grande, a premium Grade A office property in Singapore, through a 50:50 joint venture (JV) between its subsidiary Metrobilt Construction and an affiliate of SRIF GP. On its part, Metro will be investing about $45.6 million for its 50% capital commitment share. Through the newly-incorporated JV company, Ascend TGrande, both ...
Grab sets sights on US$6.5 bil capital mark
SINGAPORE (April 8): Grab Holdings is expecting to rake in further US$2 billion ($2.71 billion) in funding to bring its total capital raised this year to US$6.5 billion, following its Series H round which saw SoftBank and other key strategic investors invest over US$4.5 billion in the ride-hailing app. Last month, Grab secured a US$1.46 billion investment from SoftBank Vision Fund. Both Grab ...
Keppel acquires minority stake in EV battery business for $68 mil
SINGAPORE (April 1): Keppel Corporation, through its wholly-owned subsidiary KepVenture, is investing US$50 million ($67.7 million) for a minority stake in Envision AESC Group. Envision AESC Group is an intelligent lithium-ion battery company which is 80:20 owned by China’s Envision AESC Holding and Japanese automobile manufacturer Nissan. It recently acquired Automotive Energy Supply ...
Singapore wealth fund GIC 'hopeful' on ambitious Brazil pension plan
SINGAPORE (Mar 19): Singapore’s sovereign wealth fund GIC Pte has grown more optimistic about Brazil. Latin America’s largest economy may offer investment opportunities in sectors from healthcare to education and gas pipelines if it keeps inflation under control and reduces interest rates, according to Lim Chow Kiat, the fund’s chief executive officer. “I’m definitely more hopeful ...
China Sunsine to acquire land in Shandong for $505 mil investment project
SINGAPORE (Mar 13): China Sunsine Chemical Holdings says its subsidiary, Shandong Sunsine, has agreed to invest up to RMB2.5 billion ($505 million) on a piece of land in Shanxian county, Shandong, to further expand its capacities in rubber chemical products. Out of the total investment sum, Shandong Sunsine intends to commit RMB1.5 billion to property, plant and equipment. Under its ...
Singapore Medical Group announces $50 mil share purchase from existing shareholder CHA
SINGAPORE (Feb 20): Singapore Medical Group (SMG) says its 6.86% shareholder CHA Healthcare Singapore (CHAS) is increasing its stake in the group to 24.13% by purchasing existing shares from certain SMG shareholders via a $50 million investment.   This comes after the group called for a trading halt following a 4.4% surge in its share price to 47 cents within the first three hours of ...
Grab raises US$150 mil from Yamaha
SINGAPORE (Dec 17): Grab is attracting more global backers after the ride-hailing service defeated Uber Technologies Inc. in Southeast Asia. A motorcycle maker has become the latest investor. Yamaha Motor Co. agreed to invest US$150 million ($205.7 million) in Grab and the two will collaborate on motorcycle-ride services in Southeast Asia with a focus on Indonesia, the Japanese manufacturer ...
Private previews held this week for SC Global's upcoming luxury development project in Niseko, Japan
SINGAPORE (Nov 29): SC Global Developments has launched a luxury hotel apartment residence in Niseko, Japan, beginning with private previews conducted in Singapore this week, with previews in Niseko officially starting in early Dec. Named Setsu Niseko, the residence is slated for completion in 2021 and will feature 190 apartments spread over 2.54 acres of prime freehold land. It marks SC ...
ComfortDelGro posts 2% lower 3Q earnings; to set up new US$100 mil global VC fund
SINGAPORE (Sept 9): ComfortDelGro Corporation (CDG) posted $78.5 million in earnings for the 3Q ended Sept, representing a 2% decline from earnings of $80.1 million a year ago due to lower dividends received from its overseas subsidiary, Cabcharge Australia. Revenue for the quarter grew 8.5% on-year to $967.9 million from $891.7 million, driven by increased contributions from new ...
New property investment platform FundMyHome to 'democratise home ownership' in Malaysia
SINGAPORE (Nov 5): Instead of taking out a bank loan or mortgage, first-time homebuyers in Malaysia can now seek financial support from a new property investment platform FundMyHome.com. Backed by the knowledge and resources of EdgeProp.my, FundMyHome is developed by EdgeProp Sdn Bhd by harnessing recent developments in digital technologies such as peer-to-peer platforms and business models in ...