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SINGAPORE: U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.
PETALING JAYA: Hap Seng Consolidated Bhd is disposing of two parcels of land totalling 59.24 acres in Tawau, Sabah for a combined worth of RM90.13mil, as part of its strategy to sell off non-strategic locations without immediate development potential.
MELBOURNE: Mining services provider Mineral Resources Ltd said it was looking to sell a minority stake in its Wodgina Lithium mine in the west of Australia.
HONG KONG/SINGAPORE: Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said.
JOHANNESBURG: Thomson Reuters Corp agreed to sell its Intellectual Property & Science business to Onex Corp and Baring Private Equity Asia for US$3.55bil in cash.
KUALA LUMPUR: The Employees Provident Fund (EPF) says it has no need to sell assets overseas for cash, as the net inflow of contributions of close to RM16bil a year is more than enough to cover for its domestic investment requirement. The pension fund manages RM684.5bil worth of investment assets as of end of 2015.
SEOUL: South Korean conglomerate Samsung Group said on Sunday its battery making affiliate Samsung SDI Co Ltd will sell 5 million shares in Samsung C&T Corp <028260.KS> to comply with an order from local regulators.