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SoftBank’s Vision Fund nearing US$1.5bil investment in Grab-source

21 Dec 2018 - The Star Online
SINGAPORE: SoftBank Group Corp is nearing a deal to invest US$1.5bil in Grab, three times a previously expected US$500mil, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-year old Grab has so far raised over US$6.5bil, led by SoftBank, Chinese ...

BGMC Achieves Revenue of HK$983.8 Million and HK$2.9 Million Profit Attributable to Shareholders in FYE2018

19 Dec 2018 - ACN Newswire
BGMC International Limited ("BGMC" or the "Company") and its subsidiaries (collectively the "Group") (HKEX: 1693), a Malaysia-based construction services company, has announced its annual results for the financial year ended 30 September 2018 ("FYE2018"). During FYE2018, the Group's revenue was RM515.1 ...

FGV enters MoU with CMEC to set up paper pulp business

18 Dec 2018 - The Star Online
KUALA LUMPUR: FGV Holdings Bhd (FGV) is exploring a venture into the paper pulp market, using palm oil wastes. The group, in a filing to the stock exchange on Tuesday, said it had inked an MoU with Hong Kong-listed China Machinery Engineering Corporation (CMEC) with the aim of setting up a joint venture ...
hkex:1829 klse:5222

Tencent’s roster of IPOs doesn’t live up to the hype

15 Dec 2018 - The Star Online
TENCENT Holdings Ltd, one of China’s most influential companies, is also one of the most active technology investors, backing some of the world’s biggest initial public offerings. There is just one problem: The technology giant’s support doesn’t make these deals a sure thing for investors. What’s happening ...

High stocks, low prices clog palm oil supply chain in Southeast Asia

15 Dec 2018 - The Star Online
KUALA LUMPUR: Palm oil suppliers across Southeast Asia are struggling to cope with record output, with plantations delaying harvest and mills stalling on deliveries as storage tanks overflow, multiple industry sources said. Inventories of the edible oil, used to make consumer goods like shampoo, ice ...

Daohe Global Appoints New CEO

14 Dec 2018 - ACN Newswire
Daohe Global Group Limited ("Daohe Global" or the "Company", together with its subsidiaries, the "Group"; stock code: 915) has today announced the resignation of Mr. Yu Lei as an Executive Director and Chief Executive Officer ("CEO") and the appointment of Mr. Wong Hing Lin, Dennis, as the new CEO, both ...

Airbus Group spent HK$180million to enlarged shareholdings in Avichina (2357.HK)

14 Dec 2018 - ACN Newswire
Avichina (2357.HK) announced that on 13 December 2018, that a number of institutions have increased their shareholdings on the Company, in which their existing strategic shareholder, Airbus Group spent HK$180million in enlarging their shareholdings to 5% in approximate. The increase in shareholdings ...

Starbucks' modest growth in China raises concern over key market

14 Dec 2018 - The Star Online
CHICAGO: Starbucks Corp.’s chief financial officer said same-store sales growth in China could be as low as 1 percent over the long-term -- a pace that raises concern about one of the coffee behemoth’s most important markets. Same-store sales, which is a key measure of restaurant industry success, is ...
hkex:4337 usx:sbux

Media Chinese faces challenges against Facebook, Google, says RAM

13 Dec 2018 - The Star Online
KUALA LUMPUR: RAM Ratings expects Media Chinese International Ltd (MCIL) to continue to face challenges to monetise its digital traffic and contents due to the dominance of digital media giants such as Facebook and Google. It said on Thursday contributions from digital platforms have stayed small at ...

Texhong Textile acquires Winnitex, a leading company in dyed woven fabrics industry, and its subsidiaries

12 Dec 2018 - ACN Newswire
Texhong Textile Group Limited ("Texhong Textile" or the "Group"; stock code: 2678), one of the world's largest core spun yarn suppliers, formed a new joint venture company, Texhong Winnitex Holdings Limited ("Texhong Winnitex"), to acquire the entire equity interest in Winnitex Holdings Limited ("Winnitex"), ...