Great Eastern says Takeover Code not breached when it shared IFA valuation with OCBC

Great Eastern says Takeover Code not breached when it shared IFA valuation with OCBC

[SINGAPORE] Great Eastern Holdings said that sharing the indicative range of share values determined by its independent financial adviser (IFA) with OCBC did not breach The Singapore Code on Take-overs and Mergers, or the Takeover Code. This is in response to shareholders’ further questions on Great Eastern’s practices during its exit offer price negotiation with OCBC,…

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Foxconn reports record Q2 revenue, cautions about geopolitical and exchange rate risks

Foxconn reports record Q2 revenue, cautions about geopolitical and exchange rate risks

[TAIPEI] Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but cautioned about geopolitical and exchange rate headwinds. Revenue for Apple’s biggest iPhone assembler jumped 15.82 per cent year-on-year to NT$1.797 trillion (S$75.47 billion), Foxconn said in a statement on Saturday (Jul 5), beating the…

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Gold, pesos and lasers: What’s on Fidelity’s investment radar

Gold, pesos and lasers: What’s on Fidelity’s investment radar

[HONG KONG] A weakening US dollar and volatile equity markets were among the hotly discussed themes at Fidelity International’s Asia-Pacific Media Investment Conference in Hong Kong on Thursday (Jul 3). Speaking at the event, the firm’s portfolio managers and analysts – who collectively manage US$900.7 billion in assets – outlined investment opportunities they are eyeing…

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Nanofilm to acquire remaining stake of Sydrogen from Temasek for S$15 million

Nanofilm to acquire remaining stake of Sydrogen from Temasek for S million

[SINGAPORE] Nanofilm Technologies is acquiring the remaining stake of its majority-owned Sydrogen, a hydrogen technology solution provider, from Temasek’s unit Venezio Investments for S$15 million. The transaction represents 35 per cent of Sydrogen’s total issued share capital, or 49 million preference shares, indicated its bourse filing on Saturday (Jul 5). Nanofilm already owns 65 per cent…

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Steve Bannon attacks Elon Musk over new party: ‘You’re not American’

Steve Bannon attacks Elon Musk over new party: ‘You’re not American’

Steve Bannon has attacked Elon Musk over his plans to create a new political party. Speaking on his War Room podcast, President Donald Trump‘s former chief strategist called out the South African-born billionaire, who has U.S. citizenship, and said he was “not American.” The Context On Saturday, Musk—who supported Trump during the 2024 presidential election…

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Steelers, TJ Watt Contract Situation Takes New Turn

Steelers, TJ Watt Contract Situation Takes New Turn

Ahead of the upcoming 2025 NFL season, there is still a big question hanging over the Pittsburgh Steelers. That question has everything to do with the future of superstar pass rusher T.J. Watt. Currently, the two sides are at a standoff when it comes to a new contract for Watt. He has made it clear…

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