Posts by Liam Redmond
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process…
Read MoreSTI inches up on Friday, tracking regional indices
[SINGAPORE] The Straits Times Index (STI) edged up on Friday (May 23), tracking regional indices. The STI closed up 0.1 per cent or 2.33 points to 3,882.42. Across the broader market, advancers outnumbered decliners 232 to 213, after 1.2 billion shares worth S$1.2 billion changed hands. The trio of local banks closed higher on…
Read MoreEco-Shop jumps on debut, minting a new Malaysian billionaire
[KUALA LUMPUR] Shares of discount-chain Eco-Shop Marketing gained on their debut on Friday (May 23) as Malaysia’s biggest initial public offering of the year created a billionaire. The stock jumped as much as 10.6 per cent in early trading, before paring gains to close 6.2 per cent higher at RM1.20. Eco-Shop, which sells household items…
Read MoreGreat Eastern gets another extension to Jun 8 to announce plan to restore free float
It will update shareholders on the finalised proposal shortly, no later than Jun 8 [SINGAPORE] Great Eastern Holdings has been granted yet another extension of time to comply with free float requirements under the Singapore Exchange’s (SGX) listing rules. The insurer now has until Jun 8 to announce its finalised proposal to comply with listing…
Read MoreCyclical, structural factors can affect current advantage of US dollar assets although outlook is stable for now: MAS chief
[SINGAPORE] The outlook for the structural advantage of US dollar assets looks to be relatively stable at present, said Monetary Authority of Singapore (MAS) chief Chia Der Jiun at the Qatar Economic Forum on Tuesday (May 20). However, he cautioned that whether this continues to be the case depends on the fiscal trajectory and policies…
Read MoreTexas road construction unearths ‘colossal’ prehistoric remains of ‘big ol’ animals’
A recent excavation in Texas yielded some “colossal creatures,” according to local officials – and archaeologists are hopeful more will be uncovered soon. The Texas Department of Transportation (TxDOT) announced the discovery in a recent press release. In a statement, officials said the excavation took place in Lubbock during the environmental review for Loop 88, a proposed…
Read MoreRedBird Capital agrees a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a deal Published Fri, May 23, 2025 · 05:06 PM [LONDON] RedBird Capital Partners, the US fund that bought Britain’s Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing…
Read MoreDeutsche Bank plans SRT deal tied to US$3 billion corporate loans
[BERLIN] Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to drive this market toward record volumes this year. The size of the SRT is around 8 per cent of the portfolio, or about…
Read More30-year mystery of bone fragments washing up on several NJ beaches finally solved by group of college kids
Various bones that washed up on New Jersey beaches starting 30 years ago were finally determined to belong to the captain of a 19th-century shipwreck, officials revealed Wednesday. The remains found on several south Jersey shorelines between 1995 and 2013 were connected to Henry Goodsell, the 29-year-old captain of the doomed schooner “Oriental,” according to…
Read MoreSchool proximity may boost home prices – but not everywhere: DBS report
[SINGAPORE] Property developers such as GuocoLand could benefit from a potential rise in home prices near popular primary schools, particularly in emerging areas like Tengah New Town. Still, DBS Group Research cautioned in a report, titled “Primary school premium: Fact or Fiction?”, that price appreciation also depends on factors such as transport access, tenure, and…
Read MoreOnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
[LOS ANGELES] OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion, three sources familiar with the matter told Reuters. The group is led by the Forest Road Company, a Los Angeles-based investment firm, the sources said. Reuters could not identify the…
Read MoreNorth Carolina cops arrest wrong man at funeral while looking for suspect in 30-year-old murder
North Carolina cops caused a funeral to unravel when they allegedly used “excessive force” to crash the ceremony and arrest an innocent man in a case of mistaken identity. The victim was attending his brother Kabem Smith’s funeral in North Carolina when the Lee County Sheriff’s Office stormed the event, believing he was a fugitive…
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