Singapore markets closed
  • Business
    Reuters SG

    Deals of the day-Mergers and acquisitions

    ** Brazil's Diagnosticos da America (Dasa) and health insurance operator Amil have agreed to combine their hospital businesses, setting up a joint venture with almost 10 billion reais ($1.86 billion) in net revenue, the firms said. ** Privately owned fintech group ION has received a green light from Italy's central bank to buy bad loan and property manager Prelios from U.S. hedge fund Davidson Kempner, two sources with knowledge of the matter said. ** Spain's Sabadell has postponed the completion of the sale of its retailers' payments business to Nexi after becoming the target of a hostile takeover by BBVA, two sources with knowledge of the matter said.

  • Business
    MediaOutReach

    Singapore Tourism Board and Yuewen Sign Strategic Cooperation Agreement

    Yuewen CEO Hou Xiaonan: Accelerating the International Expansion of Chinese IPWUXI, CHINA - Media OutReach Newswire - 14 June 2024 - On June 13, 2024, the "Great Meetings in Singapore" - the 7th Greater China MICE Industry Conference hosted by the Singapore Tourism Board, was held in Wuxi, China. At the event, the Singapore Tourism Board and Yuewen signed a strategic cooperation agreement. Ou Yanmei, Director of the Singapore Tourism Board, and Hou Xiaonan, CEO and President of Yuewen, attended

  • Business
    Reuters SG

    UPDATE 2-Great Eastern independent directors recommend OCBC $1 bln offer

    The independent directors of Singapore's Great Eastern have been advised to recommended that minority shareholders accept a S$1.4 billion ($1.03 billion) offer from the insurer's top investor Oversea-Chinese Banking Corp (OCBC). Ernst & Young, the financial adviser to the independent directors, said the terms of the offer were "reasonable" and advised them to recommend the deal, Great Eastern said in a statement.