LONDON, UK: Equinox International Holdings plc, a UK-headquartered medical cannabis company, announced its intention to seek admission of its entire share capital to trading on the AIM market of the London Stock Exchange. At Initial Public Offering (IPO) the Company is seeking to raise funds to build a state-of-the-art cultivation, extraction and production facility on…
Intra Energy Corporation agrees to sell Tanzanian coal interests
SYDNEY, AUSTRALIA: Intra Energy Corporation Limited (ASX:IEC) has reached an agreement to transfer ownership of Intra Energy Tanzania Limited (IETL), which holds the Company’s Tanzanian Coal interests, to Mirambo Mining Limited MML), a Tanzanian company. The transaction is subject to receiving approval from the Fair Competition Commission (FCC) of Tanzania and the shareholders of IEC….
Cipherpoint Limited completes acquisition of VIT Cyber Security
SYDNEY, AUSTRALIA: Cipherpoint Limited (ASX:CPT) has contemporaneously entered into formal documents for, and completed, the acquisition of 100% of Virtual Information Technology Pty Limited (VIT Cyber Security). VIT Cyber Security provides managed IT and security solutions to agencies of the Tasmanian Government and enterprise businesses including digital forensics and incident response services, identity protection and…
Apiam Animal Health agrees to buy veterinary businesses
BENDIGO, AUSTRALIA: Apiam Animal Health Limited has entered into agreements to acquire Fraser Coast Veterinary Services and North Hill Veterinary Clinic Pty Ltd for combined total consideration of $3.6 million. Fraser Coast Veterinary Services (Fraser Coast) is comprised of three clinics and is predominantly a small animal business, with some exposure to equine and cattle….
Adairs Limited to purchase Focus on Furniture for $80mn
SYDNEY, AUSTRALIA: Adairs Limited (ASX: ADH) has agreed to purchase Focus on Furniture, a vertically integrated omni-channel furniture retailer operating in Australia, for an Enterprise Value (EV) of $80 million on a debt free basis. The price paid equates to an EV/EBIT multiple of 2.4x FY21 actual EBIT ($32.8 million). Without assuming any synergies, the…
NickelX Limited signs agreement to acquire Cosmos South Nickel Project
SYDNEY, AUSTRALIA: NickelX Limited has signed a Binding Terms Sheet with MG Resources Pty Ltd to acquire the Cosmos South Nickel Project which is located 10km south of the world-class high-grade Cosmos Nickel operations (Western Areas) and 20km North of the world class large scale Leinster Nickel operations (BHP), within the prolific Wiluna Greenstone Belt…
ForFarmers CEO, Yoram Knoop to step in April 2022
AMSTERDAM: ForFarmers N.V announced that Yoram Knoop, CEO and member of the Executive Board of ForFarmers N.V. will step down after the Annual General Meeting of Shareholders on 14 April 2022, the date on which his current term ends. This has been decided in mutual consultation between Yoram Knoop and the Supervisory Board. “After having…
DLTx to acquire DSM Tech Enterprises in a share exchange deal
OSLO, NORWAY: DLT ASA (OSE: DLTX) has entered into a letter of intent (LOI) with the majority owners to acquire US-based DSM Tech Enterprises LLC (DSM), a pioneer in Bitcoin mining and large scale Filecoin operations. “We’re excited to announce the plan for DSM to join forces with DLTx. With this acquisition we will move…
Competition Commission approves NAB’s proposed acquisition of Citi’s consumer business
SYDNEY, AUSTRALIA: The Australian Consumer and competition Commission (ACCC) will not oppose the proposed acquisition of Citigroup Australia Pty Limited’s Australian consumer business (Citi) by National Australia Bank Limited (ASX: NAB) after a review found the transaction would not substantially lessen competition. NAB and Citi overlap in the supply of consumer banking products and services,…
4 Important Facts You Should Know About Launching a Startup
Launching a startup can be a frustrating experience. You have to find investors, employees, and have to deal with all the nuts and bolts of establishing a company. It’s an exciting process, but it’s jam-packed with all kinds of hurdles that you have to get around or overcome if you hope to succeed. Here are 4…
How To Make Your Business’ Bookkeeping Easier And More Affordable
there are many ways to improve your business’ bookkeeping process. This article will discuss how you can make your accounting processes easier for you and reduce your costs.
Gama Aviation sells 20% holding in China Aircraft Services for $2.0mn
LONDON, UK: Gama Aviation, the global business aviation service provider, has agreed the sale of its 20% holding in the issued share capital of China Aircraft Services Limited (CASL) to Hutchison CCF Investments Limited. China Aircraft Services Limited (CASL) provides services to commercial airlines at Hong Kong Airport. The sale, which is for cash consideration…