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Singapore
167 posts
Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
Delta Consulting Group buys Osborne Partners to build 179-person global advisory platform
Delta Consulting Group has completed its acquisition of Osborne Partners, creating a 179-professional advisory platform spanning eight major business centres and significantly increasing Delta’s exposure to international arbitration, economic regulation and complex disputes.
Yo-Chi opens Balaclava store as Australian frozen yogurt chain targets global scale
Yo-Chi opens Balaclava as the Australian frozen yogurt chain targets 150 stores and a potential 400-plus global network across major markets.
Airwallex crossed $1bn in annualised revenue, so why is it still holding back from public markets?
Airwallex says it will be IPO-ready by year-end but sees little reason to rush into public markets. With annualised revenue above $1 billion, an $11 billion valuation and fresh expansion into autonomous finance, the bigger question is whether waiting strengthens the eventual listing or allows private-market expectations to run ahead of financial disclosure.
Shein finally got its IPO, but the valuation tells a very different story from the one private investors bought
Shein is set to enter Hong Kong’s public market at about $26.5 billion, far below its 2022 private-market peak. The discounted valuation may improve the entry point for new shareholders, but slower growth, weaker margins and up to $3.5 billion of payments linked to earlier preferred shares expose how expensive the company’s long-delayed IPO has become.
Why ESR-REIT CEO Adrian Chui is stepping down as portfolio reset accelerates
ESR-REIT has begun searching for a new chief executive after Adrian Chui decided to step down, creating a leadership transition just as the Singapore-listed trust sells older assets, expands in Australian logistics and works to bring leverage below recent elevated levels.
Guzman y Gomez (ASX: GYG) delivers A$53m profit as Australia growth absorbs US retreat
Australian and Asian network sales reached A$1.38 billion and underlying EBITDA climbed nearly 29%, while discontinued US operations pushed statutory attributable earnings into a A$26.7 million loss.
Super Hi operating profit jumps 119% as overseas Haidilao traffic and delivery revenue accelerate
Super Hi Q2 revenue rose 10% as Haidilao operating profit jumped 119%, table turnover improved and delivery revenue more than doubled.
Sembcorp (SGX: U96) profit drops 25%, but Alinta lifts pro forma H1 earnings to S$558m
Sembcorp Industries’ underlying H1 profit fell to S$369 million, but pro forma earnings including Alinta reached S$558 million and management expects a stronger second half.
MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal
Indian maritime authorities are searching for 22 missing crew members after the Panama-flagged Ocean Winner sank while carrying iron ore from Paradip to Singapore.