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Business

KKR, Singtel Consortium Seizes Full Control of STT GDC in Landmark $5.2 Billion Deal

A consortium led by KKR and Singapore Telecommunications has agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion, taking full ownership of one of Asia's largest data centre platforms. The deal, valuing STT GDC at S$13.8 billion, marks Southeast Asia's largest-ever data centre transaction and underscores the fierce competition for digital infrastructure assets.

Business

GR Life Style's AI Healthcare Ambition: A Bold Pivot or a Pricey Bet?

Hong Kong-listed GR Life Style has inked a strategic deal with Mingzhi Medical Technology to venture into AI-driven oncology and digital health platforms. The move has ignited investor debate, as the company's lofty valuation appears to bank heavily on future potential rather than its current, loss-making fundamentals.