Posts by Liam Redmond
Olam to sell remaining stake in Olam Agri for US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) for the proposed disposal of about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 million ordinary shares of Olam Agri, with the consideration for the…
Read MoreOlam to sell remaining stake in Olam Agri at valuation of US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) for the proposed disposal of about 44.58 per cent of the issued and paid-up share capital of Olam Agri. This entails 1.5 billion ordinary shares of Olam Agri, with the consideration for the…
Read MoreExclusive | New York green car law has auto dealers fired up as looming deadline doesn’t match ‘reality’: ‘Don’t destroy the market’
A Hochul administration green rule requiring that 35% of 2026 model cars sold in the state to be “emissions free” is an unrealistic bust, auto dealers claim. The Advance Clean Cars II mandate calls for all autos to be free of fossil fuel emissions by 2035, ratcheting up the percentage each year. But New York’s…
Read MoreRaffles Medical jumps 6.1% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million in the previous corresponding period. The group also intends to buy back up to 100 million shares, representing 5.3 per cent of its total ordinary issued…
Read MoreRaffles Medical jumps 6.7% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million in the previous corresponding period. The group also intends to buy back up to 100 million shares, representing 5.3 per cent of its total ordinary issued…
Read MoreRaffles Medical posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million in the previous corresponding period. This translates to an earnings per share (EPS) of S$0.017 against an EPS of S$0.0163 previously. Revenue for H2 climbed 14.8…
Read MoreChina’s local government bond rush worsens liquidity strain
CHINA’S local governments are rushing to issue bonds to refinance hidden debt, further tightening liquidity in the financial system. Regional authorities are set to sell 1.7 trillion yuan (S$313 billion) of bonds in the first two months of 2025, an unprecedented amount for the period, data compiled by Bloomberg show. About half of the issuance,…
Read MoreAustralia’s Perpetual ends talks with KKR on sale of wealth, trust units
AUSTRALIA’S Perpetual on Monday said it has ended talks with KKR for the sale of its wealth management and corporate trust units, while confirming plans to pursue a sale of its wealth management business separately. The deal with KKR, which was initially announced in May last year, was deemed to be not in the best…
Read MoreWill Harvey Specter be on ‘Suits LA’?
NBC’s hotly anticipated Suits spinoff, Suits LA, premieres on Sunday, February 23. The newest installment of the franchise centers on Ted Black (Stephen Amell), a former federal prosecutor from New York forced to embrace a role he holds in contempt after a series of personal and professional setbacks. The series features a slew of buzzy…
Read MoreBerkshire to boost investments in Japanese trading houses
WARREN Buffett said on Saturday (Feb 22) that his conglomerate Berkshire Hathaway will likely increase its ownership in the five Japanese trading houses it holds. In his annual letter to Berkshire shareholders, the billionaire investor said Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo agreed to “moderately relax” limits that capped Berkshire’s ownership stakes below 10 per…
Read MoreAlex Rodriguez nails half-court shot to win Bucknell student $10K and did plenty to celebrate
Alex Rodriguez’s basketball prowess continues to grow. The former Yankee, who is on the verge of becoming a majority owner of the Minnesota Timberwolves —as well as the Lynx of the WNBA — was at Bucknell’s home win over Army on Sunday and hit a half-court at halftime to win a Bucknell student $10,000. Alex…
Read MoreSeven & i Holdings picks Bain as preferred buyer in asset sale: report
Bain is believed to have offered a valuation of more than 700 billion yen for York Holdings JAPAN’S Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday (Feb 22). Bain has been competing…
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