Singapore’s Temasek Holdings has agreed to acquire Element Materials Technology for around $7 billion, in an attempt to boost growth in the testing and inspection services market, said two sources familiar with the matter at hand. State investor Temasek, which acquired… Read More ›
Day: January 25, 2022
Panasonic will begin production of new lithium ion batteries for Tesla in 2023
In a report Japan’s Nikkei said, Panasonic will begin producing its new lithium-ion battery for Tesla from 2023 and plans to invest around $705 million (80 billion yen) in production facilities in Japan. Panasonic’s new lithium-ion batteries is likely to make electric… Read More ›
Cash strapped Shimao Group sells sake in Guangzhou Asian Games City to reduce debt
China’s Shimao Group, a property developer has joined smaller peer Agile Group to sell its stake in the Guangzhou complex to China Overseas Land & Investment, a state-owned partner in a move aimed at slashing its debt. Late on Monday, Shimao,… Read More ›
Zip Co Ltd in early talks to acquire rival Sezzle Inc for undisclosed amount
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›