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Business 25 Feb 2021 | 7:00 AM

Hong Kong Exchange looks for next act after record year

HONG KONG: A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.

Business 25 Feb 2021 | 7:00 AM

Singapore’s biggest developer posts full-year loss

SINGAPORE: CapitaLand Ltd, Singapore’s largest developer, posted a record full-year loss after writing down the value of some investment properties and residential projects during the pandemic.

Business 24 Feb 2021 | 7:00 AM

Lucid Motors to go public with US$24bil valuation

SAN FRANCISCO: Lucid Motors Inc is merging with a blank-cheque company run by financier Michael Klein that values the combined entity at a pro-forma equity value of US$24bil, the biggest in a series of deals involving electric-vehicle (EV) startups cashing in on investor appetite for battery-powered cars.

Business 22 Feb 2021 | 7:00 AM

Lucid Motors said to near deal to go public

CALIFORNIA: Lucid Motors Inc is nearing a deal to go public through a merger with a blank-cheque company started by investment banker Michael Klein that could be announced this week, according to people familiar with the matter.