mm2 Asia inks agreement to sell cinema business, including Cathay, for $84.8m
SINGAPORE (THE BUSINESS TIMES) – MM2 Asia, which operates cinemas under the Cathay brand, has entered into a sale and purchase agreement with local investment firm Kingsmead Properties to sell […]
Living with Covid-19 plan paves way for stronger recovery in S’pore economy
SINGAPORE – Singapore’s shift in policy emphasis, towards learning to live with Covid-19, has lit up the path to a stronger and broader economic recovery. Prime Minister Lee Hsien Loong […]
Grab’s Nasdaq debut to test its US$40 billion valuation, set roadmap for Spac hopefuls
SINGAPORE (REUTERS) – Singapore’s Grab more than doubled its valuation to US$40 billion (S$53 billion) in about a year as part of the world’s largest Spac deal, but maintaining that […]
Grab’s record Spac deal could make CEO Anthony Tan a billionaire
SINGAPORE (BLOOMBERG) – The Spac boom may be deflating after more than a year of frenzy, but it’s still creating vast riches for the right deals. Take Grab Holdings, South-east […]
World’s biggest Spac deal sees traders holding their applause as market fervour eases
NEW YORK (BLOOMBERG) – Grab is set to nab the record for biggest deal in the Spac world, yet traders are holding their applause. The Singapore-based firm said it will […]
BuzzFeed in talks to go public via Spac merger
NEW YORK (BLOOMBERG) – BuzzFeed, the digital-media outlet founded in 2006, is in talks to go public through a merger with 890 5th Avenue Partners, a special purpose acquisition company […]
Kazakhstan in line for Singapore trade deal
A new services and investment agreement between Singapore and Kazakhstan will bolster trade ties that have been growing in strength in recent years. Negotiations over the pact, which is part […]