Ascott Residence Trust (ART) (ASRT.SI), which owns serviced apartments in Europe and Asia, is expanding into growth markets like India and Vietnam as it hopes to double assets over the next five years or so , its chief executive officer said.
Posts Tagged ‘assets’
Cosco Corp may gain if parent injects assets – DBS Vickers
January 20th, 2011 |
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Cosco Corp. (F83.SG) may gain if parent Cosco Group transfers its stake in two shipbuilding operations to the Singapore-listed company, DBS Vickers says in a report.
The possibility of the parent injecting its stakes — 19% of Cosco Shipyard Group and all of Cosco Shipbuilding Industry, which owns two shipbuilding yards in Nantong and Dalian — could add 20% to Cosco Corp.’s bottomline, DBS Vickers says in a report Wednesday.
SPI (Australia) Assets to meet investors in Europe
January 18th, 2011 |
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SPI (Australia) Assets Pty, a unit of Singapore Power, will meet investors in Europe starting Jan. 24, according to two people with knowledge of the matter.
BNP Paribas SA, Credit Agricole CIB, HSBC Holdings Plc and Royal Bank of Scotland Group Plc are arranging the meetings, the people said.
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Temasek assets evaluated by Indonesia for seizure: Update
December 22nd, 2010 |
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Indonesia’s anti-monopoly agency is evaluating Temasek Holdings Pte’s assets in the country and said the government has the right to seize them if a court-imposed fine isn’t paid.
The Singapore state-owned investment company lost its final appeal in the Supreme Court on May 24 for violating antitrust laws, the Indonesian court said on its website at the time. A fine of 150 billion rupiah ($22.3 million), which includes 15 billion rupiah for each of 10 Temasek-linked companies, including the holding company, involved in the case, was set, the anti-monopoly agency said.
Core Security Penetration Testing Tool Focuses on Critical Assets
December 14th, 2010 |
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Core Insight Enterprise identifies critical systems in the business and runs a series of automated penetration tests to verify security controls. – Core Security Technologies introduced Core Insight
Enterprise, an automated penetration test suite with risk assessment
capabilities.
Like its flagship product Core Impact Pro, Core Insight
Enterprise, released Dec. 13, allows organizations to launch multiple
automated penetration tests to …
France, Ireland and Hungary Seize Pensions As Part of Move By Governments to Use Long-Term Assets to Fill “Short-Term Deficits”
November 29th, 2010 |
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France is apparently following the example of Ireland and Hungary and seizing pension funds.According to eFinancialNews, the French parliament passed a law last week allowing 36 billion Euros to be seized from the French reserve pension fund to be used…
Guangzhao Industrial Forest Biotechnology sells forestry assets in hope of turnaround
November 10th, 2010 |
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Guangzhao Industrial Forest Biotechnology says it has agreed to sell its forestry assets worth RMB 560 million ($108.5 million) to GreenWood Resources Inc., a US-based tree farm developer with US$410 million ($527.8 million) of forestry asset under management.
Tesco, Dairy Farm bid for Carrefour assets: Reuters sources
November 8th, 2010 |
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Tesco Corp. (TESO) of the UK and Dairy Farm International Holdings (D01.SG) of Singapore are among parties submitting second-round bids for Southeast Asian assets of French retailer Carrefour SA (CA.FR), Reuters news agency reported Sunday on its website, citing unnamed sources familiar with the matter.
Carrefour had set a Nov 5 deadline for second-round bids in an auction expected to draw US$1 billion ($1.3 billion), the report cited the sources as saying.
They said the auction has generated strong interest, mostly from trader buyers, the report said.
The sources also said Dairy Farm — backed by Jardine Matheson Holdings (J36.SG) — is interested in Malaysian and Singapore assets, while Tesco is interested in most of the assets up for grabs, the report said. It said companies mentioned in the report either couldn’t be reached for a comment or declined to comment.
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Tesco, Dairy Farm bid for Carrefour assets: Sources
November 7th, 2010 |
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Britain’s Tesco (TSCO.L) and Singapore’s Dairy Farm (DAIR.SI) are among the bidders to submit second-round indicative offers for French retailer Carrefour’s (CARR.PA) Southeast Asian assets, sources familiar with the matter told Reuters on Sunday.
Carrefour, the world’s No. 2 retailer, had set a Nov. 5 deadline for second-round bids in an auction which is expected to fetch about US$1 billion ($1.3 billion) . The supermarket operator is selling shops in Malaysia, Singapore and Thailand to focus on markets where it holds leading positions.
CapitaLand aims for 5-fold jump in Vietnam assets in 3-5 years
October 28th, 2010 |
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CapitaLand (CATL.SI), Southeast Asia’s largest property developer, aims to grow its assets in Vietnam to $2 billion over the next three-five years from $400 million now, Chen Lian Pang, CEO for Southeast Asia of CapitaLand Commercial Limited, said in a statement on Thursday.
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DBS eyeing Indonesia assets but not China bank stakes: Update
October 25th, 2010 |
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DBS Group <DBSM.SI>, aiming to expand beyond its home base of Singapore, is open to buying Indonesian assets that offer good returns but is not interested for now in Chinese banks where it can only get minority stakes, its chief executive said.
Piyush Gupta, chief executive of Southeast Asia’s largest bank, also told a media briefing in Taipei on Monday that lower interest rates in Singapore were having a negative impact on the group’s net interest income, but not a dramatic one.
Mapletree Industrial CEO says would rather buy assets than Reits
October 22nd, 2010 |
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Mapletree Industrial Trust’s Chief Executive Officer Tham Kuo Wei said the company prefers to buy property assets over real estate investment trusts, or Reits.
Tham was speaking in a Bloomberg TV interview from Singapore, where the company made its trading debut yesterday.
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UBS sees Asia private bank assets up more than 50% in five years
October 14th, 2010 |
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UBS AG expects assets under management at its Asian private banking business to grow to around 250 billion Swiss francs ($341 billion) over the next five years from 163 billion francs now, Christine Ong, the Chief Executive Officer of the Swiss bank’s Singapore wealth management operation, said in Singapore today.
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DBS eyes 20-30% assets growth in big Asia markets
October 4th, 2010 |
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The private banking arm of Singapore’s DBS (DBSM.SI) said on Monday it expects 20 to 30% annual growth in net new assets from China, Indonesia and India, as it gears up for expansion in Asia’s fastest-growing
“The high delta or the high growth markets right now are clearly China, Indonesia for Southeast Asia, and India,” Su Shan Tan, DBS’s group head of wealth management, said at the Reuters Global Private Banking Summit. “So those are our key focus areas right now.”
HSBC sells banknote assets to UOB for $20m
September 20th, 2010 |
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Global bank HSBC Holdings Plc (HSBA.L) said on Monday that it would sell the physical assets of its wholesale banknotes business in Asia to United Overseas Bank (UOB) (UOBH.SI) for US$15 million ($20 million) in cash.
HSBC (0005.HK) said it would also licence the technology system used in connection with its Asian wholesale banknotes business to UOB. The transaction is expected to be completed in the fourth quarter of this year.
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Singapore’s UOB buys HSBC’s banknotes assets
September 20th, 2010 |
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Singapore’s third largest bank, United Overseas Bank (UOBH.SI), said it has reached a deal to buy HSBC’s (HSBA.L) banknotes business in Singapore, Hong Kong, Japan, Beijing and Taiwan for US$15 million($20 million).
Navis eyes Carrefour S’pore, Malaysia assets: Source
September 2nd, 2010 |
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A consortium led by a Malaysia-based private equity firm has joined a slate of bidders including French retailer Casino <CASP.PA> and Britain’s Tesco <TSCO.L>, in bidding for some of Carrefour’s <CARR.PA> Southeast Asian assets, sources said.
Malaysia’s Navis Capital Partners has bid for Carrefour assets in Singapore and Malaysia, sources familiar with the deal told Reuters. Navis declined to comment on the deal.
Olam eyes growth in sugar, palm oil assets: Update
August 27th, 2010 |
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Diversified commodities firm Olam International (OLAM.SI) aims to boost production volume by 15-20% annually as it expands into upstream sugar and palm oil ventures, its chief executive said on Friday.
Group managing director and CEO Sunny Verghese said Olam was eyeing 10,000 hectares of sugar plantations in Indonesia, Brazil or Africa to set up a crushing plant with a yearly capacity of at least 2 million tonnes.