MELBOURNE: Fatfish Blockchain Limited (FFG) has received and accepted a A$12.7 million offer for the merger of its Swedish venture builder subsidiary Fatfish Global Ventures AB (FGV). The offer came from Swedish-listed Abelco Investment Group AB, a well traded venture investment firm by way of a merger proposal. Under the offer, FFG will dispose of…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
Tokai Tokyo Global Investments to invest in Singapore’s STO exchange operator ICHX
TOKYO: Tokai Tokyo Global Investments Pte. Ltd., a subsidiary of Tokai Tokyo Financial Holdings, entered into an agreement to invest $5.0 million in Singapore’s STO exchange operator ICHX Tech Pte Ltd. ICHX operates a Security Token Offering exchange in Singapore and it is headquartered in Singapore, and operated by its CEO, Mr. Danny Toe. Under…
AM Best Affirms upgrades ICR of American National P&C Group members
NEW YORK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” of American National Insurance Company (ANICO), American National Life Insurance Company of Texas (ANTEX), American National Life Insurance Company of New York and Standard Life and Accident Insurance Company (SLAICO). These…
AM Best assigns credit ratings to Oceanview Life and Annuity Company, Oceanview Reinsurance
OLDWICK: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Oceanview Life and Annuity Company and its reinsurer affiliate, Oceanview Reinsurance Ltd. The outlook assigned to these Credit Ratings (ratings) is stable. Both companies are ultimately owned by Oceanview Holdings Ltd. The…
Bango enables carrier billing subscriptions for YouTube TV
CAMBRIDGE: Bango Plc, the mobile commerce company, has launched carrier billing payment services for the monthly subscription based YouTube TV package. Following an initial launch with a leading mobile operator in the USA, customers can now conveniently subscribe to YouTube TV paying on their monthly bill. YouTube TV is the live streaming subscription service owned…
S&P revises outlook on U.K.-based HSBC Holdings to negative
LONDON: S&P Global Ratings revised its outlook on U.K.-based bank holding company HSBC Holdings PLC to negative. At the same time, S&P affirmed ‘A’ long-term and ‘A-1’ short-term issuer credit ratings on HSBC Holdings. “We also revised our outlook on certain core subsidiaries of the HSBC group to negative and affirmed our ‘AA-‘ long-term and…
Lifenet makes business alliance with Insurtech provider justInCase
TOKYO: Lifenet Insurance Company announced that Lifenet has concluded a comprehensive business alliance agreement with justInCase, Inc., which has received the first authorization to participate in regulatory sandbox system as a small-amount short-term insurer in Japan. Lifenet has entered this business alliance with justInCase, Inc. to innovate the customer experience and enhance promotion capabilities, which…
PSC Insurance acquires Carroll Insurance for £3.4 million
SYDNEY: PSC Insurance Group has announced the acquisition and completion of Carroll Insurance Group (CIG), a direct and wholesale broking business, operating in the Lloyd’s and London markets. CIG was acquired for £3.4 million (A$6.3 million), excluding net assets; 70% of the consideration is payable in cash on completion (£2.4 million), with the balance after…
9 Spokes explores global collaboration opportunity with Visa
AUCKLAND: 9 Spokes, a leading marketplace and insights company to small businesses, has signed an addendum to its Collaboration Framework Agreement with Visa USA. Inc. enabling the parties to explore a potential opportunity to make the 9 Spokes platform and business app Marketplace available to Visa’s small business issuing clients and their SMBs worldwide. 9…
European insurers and illiquid assets — an upwards trajectory
LONDON: In what could be a pivotal development for the insurance industry, insurers have encountered a range of influences that have raised the profile of illiquid assets on their balance sheets. In this context, AM Best recently surveyed Europe-based insurers managing approximately EUR 4 trillion of financial investments, loans and real estate. A new Best’s…
Ibaera’s IGIC gains control of Azumah Resources Limited
PERTH: Azumah Resources Limited notified that IGIC Pte Ltd (an affiliate of Ibaera Capital Fund GP) has increased its relevant interest to over 50% of Azumah’s shares, thereby gaining control of the Company. The Independent Directors of Azumah unanimously recommend shareholders accept Ibaera’s increased off-market cash takeover offer of 3.3 cents per Azumah share in…
Agro increases number of miner machines in production to 7,000
LONDON: Argo Blockchain Plc, a leading enterprise-scale cryptominer based in the UK, announced that 500 new Bitmain S17 Antminer machines were brought onstream last week, increasing the total number of machines in production to 7,000, a press release issued to London Stock Exchange said . The new machines are part of Argo’s strategy to install…