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Singapore-listed Olam International said its food ingredients subsidiary is buying Olde Thompson, a U.S.-based maker of private label spices and seasonings, at an enterprise value of $950 million. The agricultural commodities trader said in February that it has appointed financial and legal advisers to prepare for the initial public offering of Ol...
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admin April 28, 2021
Nexon Co., the South Korean online gaming company founded by billionaire Kim Jung-ju, said it has bought $100 million worth of bitcoin amid a rebound in the cryptocurrency. Tokyo-listed Nexon joins a growing list of global companies, including Elon Musk’s electric carmaker Tesla, that have invested in the digital currency. Nexon’s bitcoin investmen...
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admin April 23, 2021
Roy Chung, a cofounder of power tools maker Techtronic Industries (TTI), has joined the ranks of the world’s billionaires with an estimated net worth of $1.1 billion, thanks to the recent rally in the company’s shares. Techtronic, which is known for its Milwaukee and Ryobi brand of cordless power tools, has seen its shares soar 244% since March la...
August 2, 2021