Hong Kong-based CLPS Incorporation has announced that its majority-owned subsidiary, JAJI (Shanghai), has initiated the development of a new smart cockpit product aimed at enhancing the safety of intelligent vehicles. The product and its associated solution are expected to be officially launched by the end of 2023. JAJI’s smart cockpit product is tailored to meet […]
Hong Kong-based Dah Sing Bank has signed an exclusive 15-year bancassurance deal with Sun Life Hong Kong, a subsidiary of Sun Life Financial. In this regard, Sun Life Hong Kong will be the exclusive provider of life insurance products to the 570,000 retail banking customers of Dah Sing Bank. Sun Life Hong Kong will pay […]
Allcargo Logistics Limited said that its fully-owned step-down subsidiary AGL N.V. has signed a share purchase agreement with Atlas Global Trading F.Z.C. (UAE) to acquire Asiapac Equity Investment Ltd (Hong Kong). The all-cash deal is worth $4.99 million, said Allcargo Logistics, which is an Indian logistics company. Asiapac Equity Investment, through its subsidiaries, is involved […]
Wipro Limited said that it has appointed Frederic Abecassis as the company’s Southeast Asia’s new head of banking, financial services & insurance (BFSI) industry sector. According to the Indian IT services provider, Frederic Abecassis will lead the business growth of the company in the BFSI sector across Southeast Asia, including Hong Kong. The new Wipro […]
Baguio Green Group has bagged seven three-year street cleansing services contracts worth around HK$1.6 billion ($203.8 million) from the Food and Environment Hygiene Department (FEHD) of the Hong Kong government. Under the contracts, the Hong Kong-based environmental services group will be responsible for providing street cleansing services in the Sha Tin, Western, Tai Po, and […]
Trafigura, Singapore-based commodity trading company, said that it has divested its 10% stake in Russian energy company Vostok Oil to Nord Axis Limited, an independent registered trading company in Hong Kong. The financial terms of the deal were not disclosed by Trafigura, which took up the sal after a review of options. According to Trafigura, […]
Platinum Equity has agreed to acquire a controlling interest in Hop Lun, a Hong Kong-based fashion lingerie and swimwear company, from its founder Erik Ryd. The financial terms of the deal were not revealed. Established in 1992, Hop Lun designs and manufactures intimate apparel and is claimed to be one of the top providers of […]
Pearl Global Industries, an Indian garment exporter, said that its fully-owned Hong Kong-based subsidiary — Pearl Global (HK) has acquired a 52.11% stake in Alpha Clothing, a Bangladesh-based apparel manufacturer, for $1.05 million. Pearl Global (HK) has acquired 9,00,860 equity shares in Alpha Clothing in this connection with the funding made through internal accruals. Pulkit […]
Swedish game developer Stillfront Group has agreed to acquire Six Waves, a publisher of mobile free-to-play strategy games in Japan, for $201 million. Stillfront Group will acquire Six Waves from NEXON (34.8%), Ng Lok Shun, Rex (20.5%), Chow Bong Leong, Arthur (13.2%), and other shareholders. Established in 2008, 6waves is focused on developing mid-core strategy […]
Wide Open Agriculture Limited (WOA), an Australian food and agriculture company, has signed a distribution deal with Metro Alliance for the sale of oat milk under the former’s Dirty Clean Food brand in Hong Kong and Macau. Dirty Clean Food’s oat milk is said to be produced with regeneratively farmed oats. Based in Hong Kong, […]