Food and beverage company Jumbo Group is reportedly looking to acquire a 75 per cent stake in popular dumpling noodle stall Kok Kee Wanton Noodle for S$ 2.1 million in cash and shares. The acquisition move comes after Jumbo reported yesterday night (Nov 26) a net loss of about S$ …
Read More »S’pore’s 3rd Richest Man’s Firm Secures $16.7B Deal, Acquires Majority Stake In Nippon Paint
Nippon Paint Holdings, the world’s fourth largest paint manufacturer, has struck a S$ 16.7 billion deal with Goh Cheng Liang’s Wuthelam Holdings in a bid to build the largest paints and coatings company in Asia. Wuthelam will be buying majority stakes in Nippon Paint, which will use the capital to …
Read More »Epic Games shareholders seeking to sell stake for $750 million at $17 billion valuation
Some shareholders of Fortnite maker Epic Games are selling their shares for $ 750 million, according to two sources who spoke to GamesBeat. Bloomberg reported the news first, but we have independently confirmed the details in our story. The deal would give Epic a pre-money valuation of $ 16.3 billion, …
Read More »Profits and Pride at Stake, the Race for a Vaccine Intensifies
WASHINGTON — Four months after a mysterious new virus began its deadly march around the globe, the search for a vaccine has taken on an intensity never before seen in medical research, with huge implications for public health, the world economy and politics. Seven of the roughly 90 projects being …
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