PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Grab Holdings (GRAB) agreed to acquire Foodpanda Taiwan Co., Ltd. from Delivery Hero SE for USD 600mln
TAIWAN
Asustek Computer Inc. (2357 TT) - Co. unveiled full portfolio support for Intel Core 200S series and announced pre-orders for the Zenbook DUO (2026) UX8407 dual-screen laptop. (Newswires)
Hon Hai Precision Industry Co. Ltd. (2317 TT) - Co. unit acquired a stake in FII AMC Mexico S. de R.L. de C.V. for USD 124mln. (Newswires)
SINGAPORE
CapitaLand India Trust (CLINT SP) - Co. FY (SGD) net property income rose 9% Y/Y to 224.9mln. (Newswires)
Grab Holdings (GRAB) – Co. agreed to acquire Foodpanda Taiwan Co., Ltd. from Delivery Hero SE for USD 600mln. (Newswires)
Grab Holdings' acquisition of Foodpanda Taiwan for USD 600 million marks a strategic move to consolidate its presence in the competitive food delivery sector. This deal could enhance Grab's operational scale and diversification, positioning it better against rivals, notably in the growing Asian markets. Watch for market reactions related to both Grab and Delivery Hero, as this could indicate shifting dynamics within the sector.