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Wanda taps Citigroup, CLSA, UBS to arrange for an initial public offer of its sports unit

22 Jan 2018 - South China Morning Post
Chinese conglomerate Dalian Wanda Group has tapped three banks including Citigroup and UBS Group to work on a proposed initial public offering (IPO) for its sports businesses, four people with knowledge of the matter told Reuters. An IPO would follow a string of asset sales as Wanda works to meet debt ...

Cedar who? Here’s a list of obscure Chinese companies that are taking over famous targets

22 Jan 2018 - South China Morning Post
When it comes to obscure Chinese companies pouncing on high-profile foreign targets, Noble Group’s suitor Cedar Holdings can point to a long line of illustrious predecessors. Take the example of Anbang Insurance Group, which was a company best known for its fledgling auto insurance business when it came ...

Singapore's derivatives revenue increased by 10% to $83.3m

22 Jan 2018 - Singapore Business Review
Total volumes increased to $48.6m contracts. SGX derivatives continue to grow by 10% qoq, increasing 2Q18’s revenue, according to a report from OCBC. Singapore’s derivatives revenue increased to $83.3m, with total volumes increased to $48.6m contracts. SGX Nifty 50, FTSE China A50, Nikkei 225 and MSCI ...

Singapore's mid-sized firms need to practice sustainable business: HSBC

22 Jan 2018 - Singapore Business Review
But firms are slow in adopting. Singapore’s mid-market enterprises (MMEs) need to practice sustainable business to catch-up to global peers and customer expectations, according to a report from HSBC. 47% of MME respondents said that customers demand environmentally sustainable, and ethical products and ...

Tencent takes aim at Apple and Google app stores with WeChat mini program push

22 Jan 2018 - South China Morning Post
Tencent Holdings, China’s biggest internet company by market value, is on a collision course with Apple and Alphabet with its aggressive push into mini mobile applications, which allow users to bypass traditional app stores and run programs directly within its WeChat application. Tencent has re-engineered ...
hkex:700 usx:googl usx:aapl usx:goog sgx:axh

Kismis View site sold for $102.75m

22 Jan 2018 - Singapore Business Review
Owners expect to receive gross proceeds of $1.6m and $3.3m. The 43-unit development Kismis View has been sold to a joint venture of RP Ventures Pte. Ltd. and TE2 Development Pte. Ltd. for $102.75m of $941 psf ppr, JLL said in a press release. JLL regional director Tan Hong Boon said the owners expect ...

Chart of the Day: Electronic NODX 5.3% recovery still faces downtrend

22 Jan 2018 - Singapore Business Review
It is seen to slow down due to a high base effect and the winding down of the smartphone super-cycle. This chart from RHB Research shows electronic NODX in 2017 tumbled 5.3% YoY, dragged by declining shipments of semiconductors and parts of personal computers as well as slowing exports of PCs and telecommunications ...

Daily Briefing: Temasek and Google invest in Indonesian ride-hailing firm; SGX challenged by reputational risks

22 Jan 2018 - Singapore Business Review
And here's what you need to do set up a fintech firm in Singapore. From via Yahoo! Finance: In recent times, it is common to see the term “fintech” being bandied around in common parlance. Perhaps you yourself may be interested in finding out more about fintech and even starting ...
usx:googl sgx:s68 usx:goog

Genting Group tops list of cash-rich companies

20 Jan 2018 - The Star Online
A healthy cash position is an important indicator to evaluate whether a company’s financials are sound to withstand any unforeseen shocks. Cash-rich companies are usually supported by “liquidity buffer”, which allows them to meet their debt obligations easily. Operational expansion could also be carried ...
klse:3182 sgx:g13

With an eye on global technology IPOs, Hong Kong kicks off its biggest auditor reform in decade

19 Jan 2018 - South China Morning Post
The Hong Kong government has kicked off the city’s biggest auditing regulatory reform in a decade, with the aim of positioning Hong Kong as a hub for technology initial public offerings. Under the Financial Reporting Council (Amendment) Bill 2018, which the government gazetted on Friday and is to be ...