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Hong Kong tycoon Walter Kwok's sons inherit US$3b stake in developer

HONG KONG: Two sons of the late Hong Kong billionaire Walter Kwok have between them inherited a $3.1 billion stake in developer Sun Hung Kai Properties Ltd.

Fed step ups Goldman probe over 1MDB compliance failures

SINGAPORE: The Federal Reserve is ramping up its investigation into how Goldman Sachs Group Inc. executives dodged the bank’s internal controls while helping Malaysian authorities raise billions of dollars that later went missing, according to people briefed on the matter.

LVMH-backed buyout firm invests in top Chinese gym chain Will's

SINGAPORE: Consumer-focused private equity firm L Catterton Asia is investing in Will’s Group, one of China’s biggest private gym operators, in a bet that yoga and body pump classes will take off in the country.

Pentagon looks to exoskeletons to build ‘super-soldiers’

The US Army is investing millions of dollars in experimental exoskeleton technology to make soldiers stronger and more resilient, in what experts say is part of a broader push into advanced gear to equip a new generation of "super-soldiers".

KIP REIT buys Aeon Mall Kinta shopping centre for RM208m

KUALA LUMPUR: KIP REIT Management Sdn Bhd, the manager of KIP REIT, has formally inked a deal to buy Aeon Mall Kinta City Shopping Centre in Ipoh, Perak for RM208mil, a KIP REIT press release said.

Public Mutual declares RM143m in distributions for six funds

KUALA LUMPUR: Public Mutual has declared distributions amounting to more than RM143mil for six funds.

Tycoon Vincent Tan proposes setting up fund to purchase land to resolve temple issue (updated)

KUALA LUMPUR: Businessman Tan Sri Vincent Tan has proposed for a fund to be set up to buy the land where the Seafield Sri Maha Mariamman Temple is located.

China’s Weibo eyes global expansion, foreign-language products

Chinese social media giant Weibo is making a push into foreign markets and is considering launching new products in different languages, a senior executive said, brushing off concerns over censorship and credibility.

SoftBank sets indicative IPO price at Y1,500/share, unchanged from initial estimate

TOKYO: SoftBank Corp has set an indicative price of 1,500 yen ($13.23) per share for its IPO, a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.

Pentagon looks to exoskeletons to build 'super-soldiers'

WASHINGTON (Reuters) - The U.S. Army is investing millions of dollars in experimental exoskeleton technology to make soldiers stronger and more resilient, in what experts say is part of a broader push into advanced gear to equip a new generation of "super-soldiers."