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CapitaLand inks US$4.4bil agreement with Temasek

SINGAPORE: CapitaLand Ltd’s new chief Lee Chee Koon has wasted no time putting his mark on the Singapore developer, striking a S$6bil (US$4.4bil) deal with Temasek Holdings Pte to create what he says will be Asia’s largest diversified real estate company.

CapitaLand would pay a mix of cash and new stock for Temasek units Ascendas Pte and Singbridge Pte, bolstering its assets to more than S$116bil spread across 180 cities in 32 countries, it said in a statement

L’Occitane inks US$900mil Elemis deal in luxury skincare boom

HONG KONG: Luxury cosmetics firm L’Occitane International SA agreed to buy beauty and skincare brand Elemis for about US$900mil, its biggest deal on record as the maker of organic lotions looks to expand in the United States and United Kingdom.

Law on digital currency effective Tuesday, says Guan Eng

KUALA LUMPUR: The law on digital currencies and digital tokens will come into effect on Tuesday and any person operating unauthorised initial coin offerings (ICOs) or digital asset exchange faces a 10-year jail and RM10mil fine.