Temasek Holdings is considering selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. Two investment banks have been tapped to launch a sale process for Singapore-headquartered MedTech, which could be valued at roughly $1 billion, two of… Continue reading Temasek said to be weighing sale of Advanced MedTech at around $1b valuation
Tag: Strategy
Qingdao is Fully Committed to Establish a Pivot City of International Portal
QINGDAO, China, Nov. 14, 2022 /PRNewswire/ — Qingdao establishes itself based on the opening-up, thrives upon the opening-up, and opening up to the outside world at a higher level is the key move for Qingdao to create new advantages for its development. Qingdao in Shandong Province has proposed “six city positionings” this year, of which… Continue reading Qingdao is Fully Committed to Establish a Pivot City of International Portal
Ideanomics secures third-party financing to accelerate the growth of Solectrac’s dealer network
NEW YORK, Nov. 14, 2022 /PRNewswire/ — Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announces that its subsidiary Solectrac has added seven more certified dealers to its dealer network. To enable dealer expansion, Ideanomics secured strategic financing from global financial solutions provider DLL. Continue Reading Solectrac tractor… Continue reading Ideanomics secures third-party financing to accelerate the growth of Solectrac’s dealer network
The unique opportunity that G20 presidency offers India to drive a global narrative
Prime Minister Narendra Modi launching the logo and the website of India’s G20 presidency via video conference, in New Delhi, on November 8. On December 1, India will take over the mantle of G20 presidency. It’s a significant moment as it offers New Delhi the opportunity to anchor a powerful global bloc that comprises both… Continue reading The unique opportunity that G20 presidency offers India to drive a global narrative
Prospects of Saudi, India cooperation in emerging areas
New Delhi: Saudi Arabia under its vision 2030 is seeking greater international cooperation for development; India is one of the natural choices for it for both a long historical and cultural linkage as well as India’s emergence as an “engine of economic growth” for the post-Covid economic recovery. The partnership between the two countries is… Continue reading Prospects of Saudi, India cooperation in emerging areas
@VW Group: Porsche tackles the grand finale from pole position in the GTE-Pro class006129
The race In the GTE-Am class, the two Porsche 911 RSR fielded by Project 1 set the benchmark. The German customer team celebrated a one-two victory at the eight-hour race. At the end of a decade of factory racing in the FIA World Endurance Championship WEC, the Porsche GT Team showed an impressive fighting spirit.… Continue reading @VW Group: Porsche tackles the grand finale from pole position in the GTE-Pro class006129
People Digest: Circles names chief business officer; Northern Trust appoints APAC head of digital assetsBrian Finn joins Circles, while Alvin Chia mov…
Warburg Pincus-backed Circles has appointed Brian Finn as chief business officer, while Chicago-based Northern Trust has appointed Alvin Chia as its head of Digital Assets Innovation for Asia-Pacific. Brian Finn joins Circles as chief business officer Singapore-based telco Circles has appointed Brian Finn as chief business officer, according to an announcement. In this role, Finn… Continue reading People Digest: Circles names chief business officer; Northern Trust appoints APAC head of digital assetsBrian Finn joins Circles, while Alvin Chia mov…
Indonesian digital signature startup Privy raises $48m in KKR-led Series C funding
Privy, a Jakarta-based startup that provides universal identity and digital signature services, has raised $48 million in a Series C funding round anchored by private equity giant KKR and backed by existing investors MDI Ventures, GGV Capital, and Telkomsel Mitra Inovasi. New investors, including Singtel Innov8, also participated in the funding round that will help… Continue reading Indonesian digital signature startup Privy raises $48m in KKR-led Series C funding
Saudi sovereign wealth fund PIF reduces majority stake in stock exchange operatorPIF sold a 10% stake in Saudi Tadawul Group through a secondary share…
Saudi Arabia’s Public Investment Fund has sold a 10% stake in stock exchange operator and owner Saudi Tadawul Group through a secondary share offering, raising 2.3 billion riyals ($612 million), it said in a statement on Sunday. The sovereign wealth fund with over $600 billion in assets said it sold 12 million shares through an… Continue reading Saudi sovereign wealth fund PIF reduces majority stake in stock exchange operatorPIF sold a 10% stake in Saudi Tadawul Group through a secondary share…
Ford vs. GM: Same industry, two increasingly different companies
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor The two have consistently attempted to outgun each other in sales, performance and styling of new vehicles.… Continue reading Ford vs. GM: Same industry, two increasingly different companies