Singapore will begin selling more than 80 real estate properties and over 1,000 luxury accessories seized as part of the city-state's largest money-laundering case, according to a statement by Deloitte on Saturday.
The assets will be sold between September and mid-2027, and will be open to public bidding.
SRI, Edmund Tie & Company (SEA) and Knight Frank will conduct auctions of real estate properties, while Hotlotz will conduct the auction of luxury goods.
Sany Heavy Industry (HKG:6031, SHA:600031) said its board approved plans to establish an asset-backed special purpose vehicle and issue asset-backed securities under a financing lease, with a shelf size of up to 10 billion yuan, according to an Aug. 28 Hong Kong bourse filing.The securities will be backed by accounts receivable held by the company and its subsidiaries and may be issued in multiple tranches over two years, with each tranche having a duration of up to five years.SANY Group, the controlling shareholder, plans to subscribe for all subordinated securities, with total subscriptions capped at 1 billion yuan.
Tencent (HKG:0700) has released Hy4 preview, an open-source AI model with a total parameter footprint of 770 bytes and an activation parameter size of 49 bytes, according to an Aug 28 social media post.The model targets real-world productivity tasks, including coding, office analytics, game development, and scientific research.The model is now available through Tencent Cloud TokenHub, OpenRouter, and Tencent's productivity products.
Samsung Heavy Industries (KRX:010140) secured a 444.5 billion won contract to build two container ships for an unnamed African buyer, according to a filing with the Korean bourse on Monday.The contract is valid from Aug. 28, 2026, to Dec. 27, 2028. Payment will be made as construction progresses, the filing said.Shares of Samsung Heavy Industries fell more than 2% in recent trade.