Simba Telecom—a unit of billionaire David Teoh’s Australia-listed Tuas Ltd.—is buying M1 in a deal valuing the Singapore-based mobile carrier at S$1.4 billion ($1.1 billion).
Located within the Port of Abbot Point in Queensland’s east coast, Adani Ports’ latest acquisition is a deep-water coal terminal can handle up to 50 million tons per year.
The divestment comes after WiseTech appointed its founder Richard White as executive chairman last month, enabling the tycoon to take back control of the company four months after quitting as CEO following a series of damaging media reports.
Star Entertainment is considering a $157 million cash injection proposal from U.S. casino operator Bally’s Corp., which is seeking to take a controlling interest in the embattled Australian company.
Hong Kong billionaire Henry Cheng’s Chow Tai Fook Enterprises and tycoon David Chiu’s Far East Consortium had rescued cash-strapped Star Entertainment Group from the brink of collapse after agreeing to buy the Australian casino operator’s stake in a Brisbane property.
Billionaire Solomon Lew’s Premier Investments is merging its apparel brands with department store chain Myer Holdings, cementing their dominance in Australian retail.
Ho Bee Land—controlled by Singaporean billionaire Chua Thian Poh—has offered to buy AVJennings in a deal valuing the Australian home builder at A$391 million ($242 million), sparking a bidding war with American real estate giant Proprium Capital Partners.
Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok.
Atlassian—the team collaboration software company cofounded by Mike Cannon-Brookes—said Thursday it has agreed to buy video messaging platform Loom for $975 million, betting more work will be done remotely in the future.
Singapore’s robust travel rebound has captured the attention of many of the region’s richest hoteliers.