Latest news with #DongCao
Bloomberg
5 days ago
- Business
- Bloomberg
Hong Kong IPOs, Share Sales Surge 600%
Hi, it's Julia Fioretti and Dong Cao in Hong Kong, where the mood is picking up thanks to some blockbuster deals in the capital markets this year. Elsewhere, it's a different story for IPOs in Saudi Arabia. Today's top stories
Yahoo
18-03-2025
- Business
- Yahoo
Sembcorp is said to conduct strategic review of business
By Elffie Chew and Dong Cao (Bloomberg) — Sembcorp Industries Ltd. is carrying out a strategic review of its business, with various possibilities under consideration, including potentially going private or selling some assets, people with knowledge of the matter said. The Singaporean firm, which is backed by state-owned Temasek Holdings Pte, is working with a financial adviser on the review, according to the people, who asked not to be identified because the matter is private. Considerations are at an early stage and Sembcorp may decide not to pursue any deal, the people said. A spokesperson for Sembcorp said the company always assesses options to enhance shareholder value, including investments, divestment, restructuring, listing and capital management. 'As part of such assessments, we work with consultants from time to time, as the needs arise' the spokesperson said. 'The assessed options may or may not result in any form of transaction.' 'We will make the necessary announcements in accordance with the requirements in the SGX-ST Listing Manual where an initiative is material and has progressed to a stage where there is a high level of certainty,' the spokesperson added. Sembcorp's businesses include wind, solar, hydro and energy storage operations in Southeast Asia, China, India, the UK and Middle East, as well as gas and diesel-fired power plants in similar geographies, urban solutions such as waste and water management, and corporate decarbonisation services. Past restructurings include COVID-hit Sembcorp Marine's demerger in 2020. Sembcorp Industries' chief executive officer at the time said the move would help it focus on the energy and urban sectors. Sembcorp Industries also completed divestments in Chile, China and Panama that year. In 2024, it announced the sale of Sembcorp Environment Pte for $405 million. Sembcorp's shares have climbed more than 250 per cent since the end of 2020, giving the company a market value of $10.7 billion (US$8 billion). Net income rose about 7 per cent last year to $1 billion, while sales slipped 5.2 per cent to $3.21 billion. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
14-02-2025
- Business
- Bloomberg
Hong Kong Dealmakers Poised to Strike in Year of the Snake
Hi, it's Dong Cao and Manuel Baigorri in Hong Kong, where we've been chatting with Alex Bidlake, a partner at Clifford Chance (and a champion rower), about the outlook for M&A in the financial hub. Also today, Italy seeks an alternative Telecom Italia deal. Today's top stories The strong dealmaking momentum in Hong Kong toward the end of 2024 should swing through 2025, the year of the snake—regarded in Chinese tradition as a symbol of intelligence and intuition, which are good traits to have in making deals.
