M&A
Chandra Asri gets US$250 million loan to fund equity in Esso deal
The financing underscores how private credit funds and traditional lenders increasingly operate side-by-side in mergers and acquisitions in Asia-Pacific
China’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market
Low Keng Huat privatisation imminent as offeror secures over 90% of shares
Consistent Record’s final offer of S$0.78 a share is 8.3% or S$0.06 higher than its initial price
Singapore’s insurance sector needs strategic consolidation, not perpetual flux
Potential sale of HSBC Life in the Republic highlights challenges posed by a fragmented market to both insurers and consumers
Roomba maker’s sale to Chinese manufacturer approved by US bankruptcy judge
Amazon.com tried to buy iRobot for US$1.4 billion in 2023 but the deal fell through
Temasek-backed fintech Airwallex enters South Korea market via acquisition of Paynuri
The financial platform is looking to tap demand for Korean entertainment and consumer goods
Bain makes binding FineToday bid, eyes Asia beauty market: sources
FineToday operates in 11 Asia markets, including South Korea and Singapore, with China its second-largest after Japan
China mulls M&A fund for tech innovation amid rivalry with US
The announcement underscores the urgency with which China is pursuing its tech ambitions
Sunway’s RM11 billion IJM bid questioned over Bumiputera rights
Sunway is largely controlled by Malaysian tycoon Jeffrey Cheah Fook Ling, who is ethnic Chinese
United Hampshire US Reit acquires Wallingford Fair Shopping Center for US$21.4 million
The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million
