Singapore - CybAI news

26 Sep

Singapore Entertainment Firm Neon Is Said to Weigh IPO Next Year

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Immersive entertainment group Neon is considering an initial public offering in Singapore that may raise as much as S$500 million ($389 million), according to people with knowledge of the matter.The company, which is backed by Temasek Holdings Pte.’s 65 Equity Partners, has interviewed financial advisers for a potential offering that could take place as soon as next year, the people said, asking not to be identified as the process is private. A first-time share sale may raise S$400 million to S$500 million, the people said. Source link lol

16 Aug

EQT to Buy Online Property Firm PropertyGuru for $1.1 Billion

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EQT AB agreed to buy New York-listed PropertyGuru Group Ltd. in an all-cash deal valuing the online property search company at $1.1 billion.The agreement amounts to $6.70 per share — a 52% premium to PropertyGuru’s close on May 21, which the company said was the last unaffected day of trading before reports on a potential transaction, according to a statement on Friday. Bloomberg News reported at the time that KKR & Co. and TPG Inc., which together own about 56% of PropertyGuru, were working with an adviser to gauge interest from investors in a buyout. Source link lol

16 Aug

Software Firm AvePoint Said to Weigh Second Listing in Singapore

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AvePoint Inc. is considering a second listing in Singapore, people with knowledge of the matter said, in a deal that would bring the US infrastructure software firm a step closer to some of its backers in Southeast Asia.AvePoint, which counts Singapore’s 65 Equity Partners among its investors, is working with advisers on a possible listing, the people said, asking not to be identified as the matter is private. The potential capital markets transaction could take place as early as in the next 12 months, the people said. Source link lol

15 Aug

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

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Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol

13 Aug

Singapore’s Sea Tops Profit Estimates on Online Shopping Growth

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Sea Ltd. raised the outlook for its main online retailing arm, signaling the Southeast Asia e-commerce leader is effectively encountering intense competition from the likes of TikTok and Lazada.The value of goods sold by the Shopee division will rise in the “mid-20%” range this year, Sea said TuesdayBloomberg Terminal, rather than the “high teens” pace predicted in March. Singapore-based Sea also posted second-quarter profit and sales that topped analysts’ estimates. Source link lol

07 Aug

SoftBank Unveils $3.4 Billion Buyback Ahead of Next Big AI Bet

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SoftBank Group Corp. announced a buyback worth up to ¥500 billion ($3.4 billion), following a month of sharp selloffs and pressure from activist investor Elliott Investment Management to bolster its stock price.The Tokyo-based technology investor plans to buy up to 6.8% of its free-floating outstanding shares in the year to August 7, 2025, according to a release Wednesday. The announcement comes after Elliott built a sizable stake in SoftBank this year and had pushed for a $15 billion buyback, people familiar with the matter said in June. Source link lol