GIC in consortium to buy cyber-security firm McAfee for over $18.9 billion
NEW YORK (AFP) – US cyber-security firm McAfee announced on Monday (Nov 8) that it will be sold to a group of investors for more than US$14 billion (S$18.9 billion), […]
Aircraft engine manufacturer Pratt & Whitney to hire 250 people in S’pore over a year after Covid-19 layoffs
SINGAPORE – Aircraft engine manufacturer Pratt & Whitney will hire 250 new staff by the end of the year, in a move that shows the aviation and aerospace sector is […]
Pacer Ventures announces Pacer Labs, Pan-African software development firm
LAGOS, Oct 4, 2021 – (ACN Newswire via SEAPRWire.com) – Sub-Saharan Africa venture firm Pacer Ventures is set to further unlock the power of digital transformation in Africa with the […]
Crypto Financial Services Firm Blofin Raises US$12 Million Series A2 Led by KuCoin Eco Fund
BEIJING, Sep 27, 2021 – (ACN Newswire via SEAPRWire.com) – Crypto financial services firm Blofin has raised US$12 million in a series A2 round of financing, led by KuCoin Eco […]
Malaysia says auditor KPMG to pay $108 million in 1MDB settlement
KUALA LUMPUR (REUTERS) – Malaysia said audit firm KPMG has agreed to pay a US$80 million (S$108 million) settlement to resolve all claims related to their fiduciary duties on auditing […]
China’s mRNA vaccine firm Abogen raises over $955m from investors including Temasek
BEIJING (REUTERS) – China’s Suzhou Abogen Biosciences said on Thursday (Aug 19) it has raised over US$700 million (S$955 million) to support clinical development of its potential Covid-19 vaccine and […]
Non-profit organisation seeks to build connections between youth in Asean and China
SINGAPORE – It was her knowledge of Malay that helped Ms Lee Zi Xin, 26, land an internship in a venture capital firm in what some would consider an unlikely […]
Temasek among investors in Brookfield’s $9.5 billion global energy transition fund
NEW YORK (REUTERS) – Canadian investment firm Brookfield Asset Management said on Tuesday (July 27) it has raised US$7 billion (S$9.5 billion) for the first close of its fund that […]
Temasek-backed payments firm Conductor readies US IPO: Sources
SAO PAULO (REUTERS) – Brazilian payments firm Conductor has hired banks for an initial public offering in the United States that could come as early as this year, as Latin […]
Founder of crypto firm Torque faces $12m lawsuit from Greek investor
SINGAPORE – A Singaporean businessman dealing with the failure of his cryptocurrency trading firm now finds himself entangled in a US$9 million (S$12 million) lawsuit relating to a company he […]
GIC-backed clinical trial firm WCG reveals revenue jump in IPO filing
BENGALURU (REUTERS) – WCG Clinical, a clinical trial solutions company backed by Singapore’s sovereign wealth fund GIC, filed for an initial public offering (IPO) in the United States on Thursday […]
Investing in Grab: ‘It’s about how CEO spoke to his mum’
Sometimes, the investment journey to creating a US$40 billion (S$53 billion) valuation company can begin with a missed opportunity to fund a US$100 billion firm when you could have got […]
Sea to scale up digital financial services as Q1 revenue doubles to US$1.8 billion
SINGAPORE (REUTERS) – Singapore technology group Sea chairman Forrest Li said the firm would scale up its fintech offerings in South-east Asia, as the firm more than doubled revenue in 2021 […]