GIC buys majority stake in Mediterranean luxury resorts group as travel recovers

BENGALURU – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, has bought a majority stake in Sani/Ikos Group (SIG) in a deal that values the Mediterranean luxury resorts operator at 2.3 billion euros (S$3.2 billion), both companies said in a joint statement on Thursday (Sept 22). The deal comes as travel recovers […]

Restricted Shares Will be Lifted on 22 September, and the Management and Investors of Arrail Group are “Hoarding”, Release High Growth Signals

HONG KONG, Sep 22, 2022 – (ACN Newswire via SEAPRWire.com) – The restricted shares of Arrail Group Limited (“Arrail Group” or the “Company”, stock code: 06639.HK), a leading dental services group in China, will be officially lifted and listed for circulation on 22 September 2022. In this regard, the Company’s management and investors clearly presented […]

Tycoon’s wild $4.2 billion gamble on ‘China’s LVMH’ crashes

LONDON – Six years ago, a little-known textile maker called Shandong Ruyi Group embarked on a frantic acquisition spree with the goal of becoming China’s version of luxury powerhouse LVMH. Based in the home town of Confucius, chairman Qiu Yafu spent more than US$3 billion (S$4.2 billion) snapping up assets from the boulevards of Paris to […]

Singapore’s Whampoa Group to invest $140.5m via fund for digital assets

SINGAPORE – Scions from two of Singapore’s most prominent Lee families are boosting their involvement in digital assets. Whampoa Group, a multi-family office with investments in global tech firms, aims to deploy about US$100 million (S$140.3 million) through a venture capital fund in start-ups in the burgeoning digital asset segment, its senior executives said. The investment group […]

HG Semiconductor Enters into Strategic Cooperation Framework Agreement with the Family Trust of GCL Technology Founder Mr. Zhu Gongshan

HONG KONG, Sep 8, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”, Stock Code: 6908.HK) is pleased to announce that the Group entered into a strategic cooperation framework agreement (the “Strategic Cooperation Framework Agreement”) on 7 September 2022 with Golden Concord Group Limited (“Golden Concord […]

Do S’pore regulators need bigger stick to deter corporate misconduct following Noble Group’s case?

SINGAPORE – The biggest fine on a company in Singapore’s history has ironically led to talk on whether regulators have let the offenders off too easily. The $12.6 million penalty on Noble Group, after a four-year probe for improper accounting and misleading financial statements, does pale in comparison to the company’s market value of US$10 […]

InvesTech Holdings Announces 2022 Interim Results

HONG KONG, Aug 31, 2022 – (ACN Newswire via SEAPRWire.com) – InvesTech Holdings Limited (“InvesTech Holdings”, together with its subsidiaries, the “Group”; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its unaudited consolidated results for the six months ended 30 June 2022 (the “Period”). During the Period, the Group formed […]

Universal Medical (2666.HK) Announces 2022 Interim Results

HONG KONG, Aug 31, 2022 – (ACN Newswire via SEAPRWire.com) – The board of directors of Genertec Universal Medical Group Co Ltd (the “Company” or “Universal Medical”; Stock code: 2666.HK) is pleased to announce the interim results of the Company and its subsidiaries (together, the “Group”) for the six months ended 30 June 2022. Facing […]

HG Semiconductor Announces 2022 Interim Results

HONG KONG, Aug 30, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”; stock code: 6908.HK) is pleased to announce its unaudited consolidated results for the six months ended 30 June 2022 (the “first half of 2022” or the “Period”). Business ReviewDuring the Period, while developing […]

Olam unit secures $2.76 billion sustainability-linked loan

SINGAPORE (THE BUSINESS TIMES) – Olam Group’s wholly-owned food ingredients unit Olam Food Ingredients (OFI) has obtained a multi-tranche, sustainability-linked facility aggregating about US$1.98 billion (S$2.76 billion) from a total of 19 banks from Australia, Canada, Europe, Japan, the Middle East, Singapore and the US. With holding company Olam Holdings BV as a borrower, the […]

Dynasty Fine Wines’s White Wine Revenue Transcends Red Wine for The First Time in The First Half of 2022

HONG KONG, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – Dynasty Fine Wines Group Limited (“Dynasty” or the “Group”) (Stock Code: 00828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2022. During the period, the resurgence of COVID cases in various cities in […]

Yincheng International Holding Announces 2022 Interim Results

HONG KONG, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. (“Yincheng International Holding” or the “Company”, together with its subsidiaries, the “Group”, Stock code: 1902.HK) […]

Q P Group Announces Record-high 2022 Interim Results

HONG KONG, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – Q P Group Holdings Limited (“Q P Group” or the “Group”; Stock code: 1412), one of the leading manufacturers of paper-based tabletop games and paper-based greeting cards in the People’s Republic of China (the “PRC”), recorded a total revenue of approximately HK$657.8 million, representing […]

Chu Kong Shipping Announces 2022 Interim Results, Profit Attributable to the Equity Holders of the Company Significantly Increases by 110.6% to HK$54.9 Million

HONG KONG, Aug 25, 2022 – (ACN Newswire via SEAPRWire.com) – Chu Kong Shipping Enterprises (Group) Company Limited (“Chu Kong Shipping”, or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 560.HK) is pleased to announce its interim results for the six months ended 30 June 2022 (the “Period”). During the Period, the international […]