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Singapore bourse to ease rules to woo tech firms

Bloomberg Singapore Exchange Ltd. is stepping up efforts to bring technology companies to its market. The bourse last year proposed allowing dual-class shares, a structure favored by tech founders because it lets them keep control after going public. Now SGX wants to loosen some of the recommended restrictions it planned to impose on dual-class listings, such as a minimum market ...

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Hong Kong housing in hot demand as Wheelock apartments sell out

Bloomberg Demand in Hong Kong’s red-hot housing market shows no signs of abating, with Wheelock & Co. selling all 750 apartments offered at its new Kowloon project. Based on buyers’ enthusiasm for the project, where 9,800 applications were made for the 750 units, Wheelock is likely to announce the launch of a further 300 to 400 apartments on Tuesday, said ...

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Elliott buys stake in India’s IT firm Wipro

Bloomberg Billionaire Paul Singer’s Elliott Management Corp. has bought a stake in Wipro Ltd., its first ever purchase of an Indian-based software outsourcer. The New York hedge fund acquired 1.855 million American depositary receipts, or about 0.04 percent of Wipro’s share capital, according to a filing with the US Securities & Exchange Commission. Though tiny when compared with Elliott’s stake ...

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