Corporate
China carmaker BYD buys US firm Jabil’s mobility business for $2.2B
Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean division to buy its mobility business in China for 15.8 billion yuan ($2.17 billion).
CIP signals shift to investment holding business with units merger
The board of Chemical Industries of the Philippines Inc. has approved the company’s merger with seven companies, with CIP as the surviving entity.
Shein, Forever 21 owner sign deal as fast-fashion majors look to widen reach
Shein said on Thursday it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, as the online fashion retailer and its rivals look to expand their market reach.
Filinvest Land plans raising P12B via fixed-rate bond sale
Filinvest Land Inc. said Friday its executive committee has approved the sale of fixed-rate bonds that could raise as much as P12 billion.
Ayala Group takes controlling stake in EV battery swapping joint venture
Ayala Corp. said Friday that along with a Globe Telecom Inc. subsidiary, it has taken a controlling stake in an electric vehicle battery swapping joint venture with a unit of Nasdaq-listed Gogoro Inc.
