Singaporeâs Grab delays merger completion to Q4
published : 9 Jun 2021 at 20:01 FILE PHOTO: A man walks past a Grab office in Singapore on March 26, 2018. (Reuters)
Singaporeâs Grab Holdings Inc postponed the expected completion of its merger with a US blank-check company as the ride-hailing and food-delivery giant works on a financial audit of the past three years.
The deal, set to be one of the largest-ever mergers with a blank-check company, is now expected to be completed in the fourth quarter of this year, the company said in a statement on Wednesday. When announcing the merger in April, Grab expected completion in the third quarter.
(Bloomberg) Some of the world’s largest tech corporations from Google to Microsoft Corp. and Amazon are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.An Amazon.com Inc. spokesperson said the firm supports the sustainability efforts of customers s
(Bloomberg) Some of the world’s largest tech corporations from Google to Microsoft Corp. and Amazon are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.An Amazon.com Inc. spokesperson said the firm supports the sustainability efforts of customers s
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Oyo is raising a loan that’s seen as a precursor to listing
Oyo s loan is open to institutional investors for two weeks with a June 2 application deadline, according to a Bloomberg report.
Synopsis
Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance, in a move that can be seen as a precursor to listing of a company.
New Delhi: SoftBank-backed Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance in a move that can be seen as a precursor to the listing of a company.