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Singapore’s DBS to buy Citigroup Taiwan consumer bank assets
SINGAPORE (Bloomberg): DBS Group Holdings Ltd agreed to buy Citigroup Inc’s consumer banking assets in Taiwan, as South-east Asia’s largest lender pushes ahead with plans to boost its regional presence.
Affin Hwang IB to divest entire stake in Affin Hwang Asset Management to CVC Capital Partners
KUALA LUMPUR: Affin Hwang Investment Bank Bhd (Affin Hwang IB) and select key senior management in the company have entered into a conditional deal to divest 7.59 million shares or 68.35% stake in Affin Hwang Asset Management Bhd (Affin Hwang AM) to CVC Capital Partners.
Axiata's proposed Link Net acquisition to create new synergies
KUALA LUMPUR: Axiata Group Bhd's proposal to acquire a 66.03% stake in one of Indonesia's leading providers of high-speed broadband and cable TV could unlock synergies for the telco group.
Trading ideas: Eita Resources, Uzma, Affin Bank, Axiata, Tasco, Pavilion REIT, LKL International, Parlo and Westports
KUALA LUMPUR: Stocks that could receive investor interest on Friday include Eita Resources, Uzma, Affin Bank, Axiata, Tasco, Pavilion REIT, LKL International, Parlo and Westports, says JF Apex Research.
Axiata, unit to buy 66% in PT Link for RM2.55bil
KUALA LUMPUR: Axiata Group Bhd and its Indonesian unit XL Axiata are proposing to acquire a 66.03% stake in PT Link Net Tbk for RM2.55bil.
Raising funds for endangered Malayan tiger with yoga classes
FEWER than 200 Malayan tigers are left in the wild.
ABB acquires controlling stake in InCharge Energy
ZURICH (Reuters) - ABB said on Thursday it had acquired a controlling interest in U.S-based InCharge Energy, which specializes in electric vehicle (EV) commercial charging infrastructure.
Report: Affin Bank to dispose of asset management arm for over RM2bil
KUALA LUMPUR: Affin Bank Bhd will be selling its asset management arm, Affin Hwang Asset Management Bhd, to private equity fund CVC Capital Partners for over RM2bil, according to a business news portal.
Thailand's PTTEP seen taking over big Myanmar gas field as majors exit
SINGAPORE/BANGKOK (Reuters): Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's military coup in the South-East Asian state, analysts say.
Tencent quietly updates QQ with Unreal game engine in possible metaverse move
New feature called Super QQ Show launches on QQ allowing users to socialise and interact as they would in games like Animal Crossing. Analysts say QQ engine update could be a major move by Tencent into metaverse-related projects.
