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Late night meeting flags Hyflux investors’ struggle to lose less
Singapore: Investors in Singapore’s struggling water treatment firm Hyflux Ltd trickled out of a windowless hall in a downtown convention centre late Monday night.
China Water Environment’s US$500mil Hong Kong IPO
HONG KONG: China Water Environment Group Ltd, backed by the nation’s state-owned investment holding company, is considering an initial public offering (IPO) in Hong Kong that could raise more than US$500mil, according to people familiar with the matter.
Suitor in Singapore’s landmark bad debt case warns on delay
SINGAPORE: Singapore’s highest profile distressed debt case is set to drag on, after more deadline extensions and a new round of meetings that started Monday.
Vestas’ move toward zero waste
LONDON: Vestas Wind Systems A/S, the world’s largest maker of wind turbines, has pledged to eliminate all waste in the production of its machines by 2040 as part of its drive to hit carbon neutrality by the start of the next decade.
Founder of S. Korea’s Lotte business dynasty dies at 97
SEOUL: Shin Kyuk-ho (pic), a wartime migrant to Japan who returned home to build a little-known chewing-gum maker into Lotte Group, South Korea’s biggest retailer, has died. He was 97.
Affinity Equity mulls selling Island Hospital
KUALA LUMPUR: Affinity Equity Partners Ltd is considering selling Island Hospital Bhd, a medical hospital in Malaysia, according to sources.
Sunway TCM targets RM200,000 monthly revenue
SUBANG JAYA: Sunway Traditional and Complimentary Medicine Centre (Sunway TCM), a unit of Sunway Group Healthcare Services, is expected to generate about RM200,000 a month in revenue this year on the back of growing demand for its services.
More than a third of US healthcare costs go to bureaucracy
U.S. insurers and providers spent more than $800 billion in 2017 on administration, or nearly $2,500 per person - more than four times the per-capita administrative costs in Canada's single-payer system, a new study finds.
Kenanga Research underweight on healthcare, building materials
KUALA LUMPUR: Kenanga Investment Bank Research keeps its underweight call on healthcare, building materials and neutral on ports & logistics, aviation, Malaysian REITS, plastics and packaging and media.
Banking on proper waste management
WITH plans to develop an integrated waste management processing plant underway, Borneo Waste Industries Sdn Bhd (BWI) has turned to equity crowdfunding (ECF) for interim funding as it waits for negotiations with private equity investors to wrap up.