In September 2007, almost a year after New Zealand–born billionaire Richard Chandler founded investment firm Orient Global in Singapore, he made a rare appearance at a forum on social responsibility. Abandoning his penchant for privacy, Chandler outlined the link between giving and investing.
Fortis Global Healthcare Holdings Pte., controlled by billionaires Malvinder Mohan Singh and Shivinder Mohan Singh, agreed to buy units of Hong Kong-based Quality HealthCare Asia Ltd. for HK$1.5 billion ($193 million).
Fortis Healthcare Ltd. , India’s second-biggest hospital operator, offered about S$3.2 billion ($2.3 billion) for the rest of Singapore’s Parkway Holdings Ltd. , topping a partial bid by Malaysia’s sovereign wealth fund.
Quality HealthCare Asia Ltd. , which agreed to sell its medical services unit to billionaire Malvinder Singh’s Fortis Global Healthcare Holdings Pte., said it can help the company start outpatient clinics in India.
Daiichi Sankyo Co. underscored its commitment to reforms at Ranbaxy Laboratories Ltd. under a five- year settlement with U.S. regulators, saying Chief Executive Officer Arun Sawhney will stay until 2017.
Billionaire Nicolas Berggruen wants to talk about economic and political governance at the World Economic Forum’s annual meeting in Davos, Switzerland, this week. If only the more than 2,500 business and political leaders attending would put down their BlackBerrys.