Battery-maker Gold Peak Technology Group will invest $150 million and establish a new plant in a special economic zone in southern Malaysia. The new factory will manufacture batteries for data centres and is estimated to begin operations by 2028, Daniel Chua, senior vice president at Gold Peak, told reporters on Wednesday. It’ll create as many
NEW YORK: US machinery rental firm Herc Holdings is poised to acquire smaller rival H&E Equipment Services for US$3.83bil excluding debt, after outbidding leader United Rentals, according to company statements. The cash and stock deal would combine the world’s third and the fifth-largest firms that rent machinery for construction sites. United Rentals, which last month
SYDNEY: After years of venturing offshore, some of Australia’s biggest pension funds are scooping up more government bonds at home – assets they now deem among the safest as trade-war risks rattle markets. Australian Retirement Trust, the nation’s second-largest fund by assets, has ratcheted up its Aussie bond allocation in some strategies to nearly the