Temasek-controlled NOL sells $1.2b APL

Another Temasek-investee company sets out to raise capital through a rights issue, which helps to keep Singapore at the top of the rights issuance league table.

The proposal values the group at $4.2bn and will involve delisting from the Singapore Exchange. Alibaba and Ant Group have agreed to buy 13 floors of Mandarin Oriental's new Hong Kong office building One Causeway Bay; the group is expanding in Seoul.

The Taiwanese electronics manufacturer will acquire 50% of Mitsubishi Electric’s automotive equipment unit and form a joint venture for EV development.

Softbank and Naver plan to take messaging app LINE private. This will not only lead to improved R&D spend, it will also unlock value for the majority shareholders.

As corporate governance and sentiment improves, Japan's PE market has become one of the most attractive in Asia.

New tie-ups in Tohoku and Kansai highlight growing pressure on Japan's regional banks to defend deposits and cut costs.