HSBC has signed an all-cash deal worth $575 million through its fully-owned subsidiary — HSBC Insurance (Asia-Pacific) to acquire AXA Insurance Pte Limited (AXA Singapore), the insurance operations of AXA in Singapore. AXA Singapore, which is a composite insurer, offers life and savings, health and property and casualty (P&C) solutions to nearly a million customers. […]
Bengaluru-based Xelpmoc Design and Tech Limited (Xelp) said that its board has approved the acquisition of a 64% stake in GOFX Platform Technologies (GPTPL), incorporated in Singapore, for SGD 1,778. GOFX Platform Technologies is engaged in software and programming activities and the development of e-commerce applications in the areas of health, education, food and agriculture, […]
The Tata Power Company has entered into a share purchase agreement (SPA) to sell Trust Energy Resources Pte Ltd (TERPL) to another of its fully-owned subsidiary — Tata Power International Pte. Ltd. (TPIPL) for a consideration of $285.64 million. Trust Energy Resources is a Singapore-based shipping company. It is engaged in securitizing coal supply and […]
JCurve Solutions Limited, an Australian cloud solutions technology company, has wrapped up its previously announced acquisition of the business assets of the Thailand operations of Rapid E-Suite. The deal was announced earlier this month. Rapid E-Suite is a Singapore-based Oracle partner that offers automated solutions for the implementation, management, and maintenance of Oracle Cloud Offerings. […]
BLS International Service has signed an agreement with Knowledge Catalyst to provide digital health certificates also called HealthCerts, for passengers travelling to and from Singapore. While BLS International Service is an India-based tech-enabled services partner for governments and citizens, Knowledge Catalyst is a Singapore-based tech company specializing in blockchain technology. BLS International Service with immediate […]
Reliance Jio Infocomm said that it is taking part in the construction of two new submarine cable systems centered on India – the India-Asia-Xpress (IAX) system and the India-Europe-Xpress (IEX) system. The Indian 4G and mobile broadband digital service provider is constructing the cable systems in conjunction with various key global partners and submarine cable […]
Pine Labs, an Indian merchant commerce platform company, has raised $285 million in a new financing round at a valuation of over $3 billion. The new funding round saw the participation of Baron Capital Group, Marshall Wace, Duro Capital, Ward Ferry Management, and Moore Strategic Ventures. Apart from that Pine Labs’ existing investors – Temasek, […]
Singapore-based ride-hailing and food delivery company Grab will merge with US-based special purpose acquisition company (SPAC) – Altimeter Growth in a deal that gives the combined entity a valuation of nearly $39.6bn. The merger will pave the way for Grab to go public with a listing on NASDAQ. Currently, Grab offers various on-demand services across […]
British life insurer Aviva has wrapped up the previously announced SGD 2.7 billion (£1.6 billion) sale of a majority stake in Aviva Singapore to a consortium led by Singapore Life (Singlife). Aviva Singapore has been renamed Aviva Singlife. Under the terms of the deal announced in September 2020, Aviva has been paid SGD 2.7 billion […]
UK-based insurance company Charles Taylor has agreed to acquire Lab Cosulich Consultants (LCC) and CMC Marine (together, Cosulich Marine Consultants Group) in a move to grow its marine capabilities in Europe, Middle East, and Asia. The financial terms of the deal were not disclosed. Established in 1952, the Italy-based Lab Cosulich Consultants serves the marine […]