Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

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 […]

Singapore ‘Fort Knox’ sold to Chinese crypto billionaire Wu Jihan

SINGAPORE – Le Freeport, a private, maximum-security vault for fine art, precious gems and stashes of gold and silver has been sold to Chinese crypto billionaire Wu Jihan. His Bitdeer Technologies Holding spent $40 million on the vault, dubbed Asia’s Fort Knox, according to people with knowledge of the matter. Mr Wu acquired the repository […]

Beyond Meat COO arrested for biting man’s nose after US college football game

NEW YORK – Beyond Meat’s chief operating officer was arrested on Saturday (Sept 17) on allegations that he bit a man’s nose during an altercation after a college football game in Fayetteville, Arkansas. Doug Ramsey was arrested on charges of terroristic threatening and third-degree battery, court records show. Ramsey was allegedly at a parking garage […]

Singtel readies $419m sale of cyber-security arm Trustwave, sources say

HONG KONG (BLOOMBERG) – Singtel is moving forward with a planned sale of its cyber-security business Trustwave Holdings that could raise about US$200 million to US$300 million (S$279.5 million to S$419 million), people familiar with the matter said. The Singapore telco has been speaking with financial advisers as it prepares for a potential divestment of […]

Putin bans ‘unfriendly’ investors from selling key energy stakes

This general view taken on July 8, 2018, shows the Kremlin and Moscow State University (back) in Moscow, Russia. (MLADEN ANTONOV / AFP) MOSCOW – Russian President Vladimir Putin signed a decree on Friday banning "unfriendly" investors from making transactions with their shares in strategic Russian enterprises and projects until the end of the year. […]

Dalmore distributor Emperador debuts on Singapore Exchange at 43.5 cents

SINGAPORE – Manila-listed liquor company Emperador started trading on the mainboard of the Singapore Exchange (SGX) at 43.5 cents on Thursday (July 14). The company opted for a secondary listing by way of introduction and did not sell new shares. It is the first Philippine Stock Exchange-listed company to conduct a secondary listing on the SGX. […]

S’pore-based crypto firm Three Arrows founders’ whereabouts unknown, foiling liquidators

NEW YORK (BLOOMBERG) – The founders of bankrupt crypto hedge fund Three Arrows Capital have not been cooperating in the firm’s liquidation process and their whereabouts were unknown as at last Friday (July 8), according to court papers. Representatives tapped to liquidate Three Arrows by a British Virgin Islands (BVI) judge had “not yet received any […]