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Crypto

SBI buys controlling stake in Singapore crypto platform Coinhako with MAS approval

SBI Holdings has acquired a controlling stake in Holdbuild, the parent of Singapore cryptocurrency platform Coinhako, after receiving approval from the Monetary Authority of Singapore (MAS). Cointelegraph reported SBI bought shares from existing shareholders through a capital injection, bringing Coinhako into its group as a consolidated subsidiary. Coinhako holds an MAS major payment institution licence through its unit Hakko Technology Pte. Ltd. The deal value was not disclosed.

Finance

Can Homeplus be rehabilitated? Meritz and MBK escalate clash over responsibility for returns

A dispute between Homeplus\' controlling shareholder MBK Partners and its largest creditor, Meritz Financial Group, is intensifying over responsibility for funding emergency operating money needed for rehabilitation. The Seoul Rehabilitation Court has asked Homeplus to submit a 200 billion won financing plan by June 30, ahead of a July 3 deadline to approve the rehabilitation plan. Prosecutors’ investigation into alleged concealment tied to short-term securities issuance is also emerging as a variable.

AI & Enterprise

Alibaba triples registered capital at AI chip unit T-Head

Alibaba has increased the registered capital of its semiconductor unit T-Head to 1 billion yuan from 300 million yuan, stepping up investment in AI chips. The move is its first capital increase for T-Head in about three years. Alibaba is placing chips at the center of its AI strategy and plans to combine T-Head-designed semiconductors with Alibaba Cloud and Qwen-based models. The company has also disclosed new chip products and shipment figures.