M&A
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
Advanced Systems Automation makes pre-conditional offer for Asti shares
If the deal materialises, the offeror intends to amalgamate the semiconductor businesses of both companies
Low Keng Huat shares jump 5.4% on increased privatisation offer price
The counter climbs S$0.035 to S$0.775 as at the mid-day trading break
