SoftBank’s Masayoshi Son poised for another IPO windfall in 2021
TOKYO (BLOOMBERG) – SoftBank Group Corp is preparing to take at least six more of its portfolio companies public this year, building on a 2020 turnaround that pushed the value […]
Alibaba eyes at least $6.6b from bond sale: Sources
HONG KONG • China’s Alibaba Group Holding plans to raise at least US$5 billion ($6.6 billion) through the sale of a US dollar-denominated bond this month, four people with knowledge […]
Move over Mukesh Ambani, Asia has a new richest person – China’s ‘Lone Wolf’
BEIJING (THE BUSINESS TIMES) – Zhong Shanshan is a private billionaire who’s rarely quoted in the press. Now, after an improbable career spanning journalism, mushroom farming and healthcare, he’s become […]
Company Briefs Xiaomi
Xiaomi Smartphone maker Xiaomi’s market value has exceeded the US$100 billion (S$133 billion) mark, a figure the firm fell far short of when it listed two years ago. The shares […]
SIA has spent $7.1b of $8.8b raised in rights issue
Singapore Airlines (SIA) has used approximately $7.1 billion of the $8.8 billion raised from a rights issue in June, it said in a filing to the Singapore Exchange yesterday. Between […]
S’pore tech firm Sea raises $3.4b in upsized stock offering
Singapore’s Sea, the technology start-up that has become South-east Asia’s most valuable company, increased the size and set the final price of a secondary stock offering to raise at least […]
Airbnb reaches $62.8 billion value in above-range IPO
NEW YORK (BLOOMBERG) – Airbnb, within hours of DoorDash nearly doubling in its trading debut, priced its initial public offering (IPO) above a marketed range to raise about US$3.5 billion […]
GIC-backed Rede D’or valued at $29.4 billion in Brazil IPO
SAO PAULO (REUTERS) – Rede D’or, Brazil’s biggest hospital chain, was valued at 112.5 billion reais (S$29.4 billion) in an initial public offering priced on Tuesday (Dec 8), sources told […]
CapitaLand divests 3 malls, office building for $448.7m
CapitaLand has divested three malls in Japan and an office building in South Korea for a total of $448.7 million, as part of its ongoing portfolio reconstitution strategy, it said […]
Elon Musk now world’s second-richest as Tesla market value crosses US$500 billion
NEW YORK (BLOOMBERG, REUTERS) – Elon Musk’s year of dizzying ascents hit a new high as the Tesla co-founder passed Bill Gates to become the world’s second-richest person. The 49-year-old […]
Airbnb IPO filing shows Q3 profit of $294.6m amid pandemic
SAN FRANCISCO (REUTERS) – Airbnb’s initial public offering paperwork showed on Monday (Nov 16) the home rental start-up turned a profit in the third quarter due to aggressive cost cuts, […]
China to further tighten reins on fintech companies
BEIJING • China’s top banking watchdog doubled down on a renewed push to rein in financial technology companies such as Ant Group, promising to eliminate monopolistic practices and strengthen risk […]
SIA reports record H1 loss of $3.47 billion
Singapore Airlines’ (SIA) net loss in the second quarter is double that in the first quarter as it reported a record net loss of $3.47 billion for the six months […]
Honda: Consolidated Financial Summary for the Fiscal 2nd Quarter Ended September 30, 2020
TOKYO, Nov 6, 2020 – (JCN Newswire) – Despite a decrease in demand due to the impact of the COVID-19 pandemic, consolidated operating profit for the fiscal first half amounted […]
Toyota to double full-year profit forecast to over $13 billion: Report
TOKYO (REUTERS) – Toyota Motor will likely more than double its full-year operating profit forecast when it reports second quarter earnings on Friday (Nov 6) as vehicle sales rebound in […]
DBS Q3 profit drops 20% to $1.3 billion
SINGAPORE – DBS Group Holdings posted a 20 per cent drop in third-quarter net profit to $1.3 billion from $1.63 billion a year earlier, as it set aside higher allowances for potential bad […]
Jack Ma’s personal wealth drops US$3 billion after Ant Group IPO freeze
HONG KONG (BLOOMBERG) – Jack Ma was poised to become Asia’s richest person with Ant Group’s public offering. Instead his net worth has tumbled almost US$3 billion (S$4.1 billion) and […]
Mukesh Ambani loses $8.87 billion as oil sinks Reliance stock
MUMBAI (BLOOMBERG) – Mukesh Ambani, Asia’s richest man, saw US$6.5 billion (S$8.87 billion) wiped from his net worth as Reliance Industries shares tumbled the most in over seven months following […]
Wall Street rebounds as market eyes tech results, strong US data
NEW YORK (REUTERS) – US stocks closed higher on Thursday (Oct 29), with the technology heavyweights rallying ahead of major earnings reports and upbeat domestic economic data calming investor jitters […]
DENSO Announces First-half Financial Results
TOKYO, Oct 29, 2020 – (JCN Newswire) – DENSO, a leading mobility supplier whose 2021 fiscal begins April 1, 2020, and ends March 31, 2021, today announced its global financial […]