Permodalan Nasional Rejects Billionaire Jeffrey Cheah-Backed Sunway’s $2.8 Billion Takeover Bid For IJM
IJM Corp.’s board last week recommended shareholders reject a $2.8 billion offer from Malaysian billionaire Jeffrey Cheah’ Sunway as too low.
Billionaire Mukesh Ambani’s Reliance Inks $3 Billion Deal To Supply Green Ammonia To Korea’s Samsung C&T
Reliance Industries, controlled by Asia’s richest man Mukesh Ambani, will supply green ammonia to Samsung C&T starting in the second half of 2029 for 15 years in a deal worth $3 billion.
Gina Rinehart’s $2.4 Billion Rare Earth Fortune
China’s squeeze on rare earth supplies sparks Western pushback and boosts Gina Rinehart’s wealth
Malaysia’s IJM Board Urges Shareholders To Reject Sunway’s $2.8 Billion Takeover Bid
If the bid is successful, Sunway, the flagship company of Malaysian billionaire Jeffrey Seah, will merge with IJM to create a construction giant with total assets of 14.7 billion ringgit.
Billionaire Robin Khuda’s AirTrunk Taps $1.2 Billion Loan To Expand Tokyo Data Center
Airtrunk is investing US$8 billion to build data centers in Tokyo and Osaka, which will have more than 530 megawatts of capacity when completed in the next few years.
Xiaomi Cofounder Lin Bin Invests In NFL’s Miami Dolphins At $12.5 Billion Valuation
Lin Bin, the billionaire co-founder of Chinese internet giant Xiaomi, has agreed to buy a 1% stake in Miami Dolphins football team holding company at a valuation of $12.5 billion.
Billionaire Li Ka-Shing’s CK Group To Sell UK Power Networks To France’s Engie For $14 Billion
Li Ka-shing, senior advisor to CK Hutchison Group. Visual China Group (Getty Images) Companies controlled by Hong Kong billionaire Li Ka-shing and his family have agreed to sell Britain’s largest electricity producer
Billionaire Mukesh Ambani Steps Up AI Push With $110 Billion Data Center Investment Plan
Mukesh Ambani and Indian billionaire Gautam Adani have been capitalizing on the artificial intelligence boom by ramping up investment in data centers in the world’s most populous country.
Billionaire Gautam Adani Earmarks $100 Billion To Develop AI Data Centers Across India
AdaniConnex, a joint venture between the Adani Group and US data center operator EdgeConneX, plans to develop 2 GW of data center capacity, which can be expanded to 5 GW.
Billionaire Enrique Razon Sells Stake In Hydropower Projects To First Gen For $1.3 Billion
The deal expands ties between billionaire Enrique Razon and the Lopez group. In May last year, Prime Infra agreed to acquire a 60% stake in the first-generation gas-fired power plant assets led
Australia’s 50 Richest 2026: Stronger Australian Dollar Powers Tycoons’ Wealth To $254 Billion Amid Global Headwinds
The data center gold rush has created two of the three new fortunes in this year’s rankings.
‘Software-mageddon’ Wipes $23 Billion off Indian IT Shares
Indian technology stocks lost $22.5 billion from their value this week as recent AI tools launched by Anthropic and Palantir impacted Indian software exporters. Sell-off in shares of Indian software exporters started
KKR, Singtel To Buy Stake In Data Center Operator STT GDC For $5.2 Billion Amid AI Boom
KKR and Singtel will acquire the remaining 82% stake held by ST Telemedia, a subsidiary of Singapore’s government-linked investment company Temasek, in a deal that values STT GDC at US$10.9 billion.
Thai Billionaire Dhanin’s Son Buys Telenor’s Stake In Mobile Carrier True For $3.9 Billion
True Corp has been deploying 5G networks across Thailand. Getty Arise Digital Technology Co., controlled by Supachai Chearavanont, the youngest son of Thai billionaire Dhanin Chearavanont, has agreed to acquire a 24.95%
Billionaire Jeffrey Cheah’s Sunway Proceeding With $2.7 Billion IJM Takeover Despite Money-Laundering Probe
Jeffrey Cheah, founder and executive chairman of Sunway Group. Ian Teh, Forbes Asia Sunway – Holdings owned by Malaysian billionaires Jeffrey Xie— is acquiring Kuala Lumpur-listed construction company IJM for 11 billion
China to spend $574 billion on power grids amid renewables push
China’s state-run Xinhua News Agency said on Thursday that Beijing plans to spend 4 trillion yuan ($574 billion) by the end of the century to upgrade its power grid as it accelerates
Thai anti-corruption commission reveals ex-PM Paetongtarn and family’s assets at THB11.32 billion after PM exit
January 15, 2026 Bangkok – this National Anti-Corruption Commission (national aerospace committee) Publish a Statement of Assets and Liabilities Padontan Shinawatra After she was removed from office on Wednesday (January 14) Prime
Philippine Tycoon Federico Lopez-Led First Gen’s Renewable Arm Plans $1.7 Billion Geothermal Expansion
Energy Development Corp., the renewable energy arm of tycoon Federico Lopez and his family First Gen Corp., plans to invest 100 billion pesos ($1.7 billion) to upgrade and expand its main geothermal
Malaysian Billionaire Jeffrey Cheah’s Sunway Launches $2.7 Billion Takeover Bid For Builder IJM
Sunway Group, controlled by Malaysian billionaire Jeffrey Cheah, has launched an 11 billion ringgit ($2.7 billion) takeover bid for smaller rival IJM amid a boom in real estate and construction across Southeast
Barnes Foundation’s New COO, Heritage Reports $2.2 Billion, and More
Editor’s note: This story originally appeared in equilibrium state, art news Newsletter about the art market and beyond. Register here Receive it every Wednesday. Happy Friday! Here’s a roundup of the moves
Billionaire Masayoshi Son’s SoftBank Doubling Down On AI Bets With $4 Billion DigitalBridge Deal
SoftBank has been increasing its bets on artificial intelligence, committing $30 billion to OpenAI, and the company is building the massive Stargate data center project in the United States
Philippine Tycoon Lucio Tan’s PNB Prepares To List $1.4 Billion Property Arm
The listing dates back to Philippine National Bank’s 2021 property-for-equity swap, after which the bank committed to distributing 59% of PNB Holdings’ shares to its shareholders as property dividends.
Thai cabinet approves over 5 billion baht to bolster armed forces
December 24, 2025 Bangkok – The Cabinet approved central budget funds for the Royal Thai Army to purchase additional equipment to enhance personnel capabilities in the amount of 206 million baht, Prime
Blackstone-Backed AirTrunk Earmarks $3.4 Billion To Build New Data Center In Melbourne
AirTrunk has been expanding throughout the region. Following the Melbourne project, the company announced last week that it will invest up to $8 billion over the next few years to build a