Corporate digest
Keppel Corporation
KEPPEL Capital Holdings, the asset management arm of Keppel Corp, has entered into a shareholders' deed with Australian Unity to form a 50:50 joint venture (JV) company. Australian Unity provides services in healthcare and finance, as well as retirement and living services. The JV's main objective is to establish funds focused on the Australian metropolitan office sector. In addition, it will also acquire the entire stake in Australian Unity's wholly-owned subsidiary, Australian Unity Investment Real Estate Limited, for about A$400,000 (S$365,634) in cash.
Perennial Real Estate Holdings
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case