ARMONK, N.Y.: IBM announced that its board of directors has approved the previously announced separation of Kyndryl, the company’s managed infrastructure services business. To effect the separation the IBM board of directors declared a pro rata distribution to IBM stockholders of 80.1 percent of the outstanding shares of Kyndryl. Once distributed, each holder of IBM…
LME and Metalshub to develop spot trading platform for base metals
HONG KONG: The London Metal Exchange (LME) has collaborated with Metalshub, establish a transparent, efficient and liquid spot trading marketplace and platform for base metals. Metalshub is a leading digital metals trading and price intelligence platform. The jointly developed platform is in parallel with the LME’s existing derivative contracts and trading mechanisms. The spot trading platform caters specifically for…
Kingmaker Footwear resumes production at Vietnam factory
HONG KONG: Kingmaker Footwear Holdings Limited has resumed production at the group’s factory in Binh Duong Province, Vietnam. Kingmaker Footwear had earlier notified temporary production halt at the factory after the report of local COVID-19 cases. The Board advised the shareholders and potential investors of the Company that, after satisfying all reopening conditions imposed by the local…
Light Science Technologies plans £5.2 million IPO on LSE
LONDON, UK: Light Science Technologies Holdings, the controlled environment agriculture (CEA) technology and contract electronics manufacturing (CEM) Group, intends to seek admission of the entire issued and to be issued ordinary share capital of the Company to the AIM market of the London Stock Exchange. Light Science Technologies announced conditional placing of 52 million Ordinary…
Research and data analytics group, YouGov acquires Rezonence
LONDON, UK: YouGov Plc, the international research and data analytics group, has acquired Rezonence Ltd in a move that will bring clients ethical activation at scale. Rezonence is a technology business with a patented FreeWall – an interactive advertising format that facilitates access to premium online content after consumers engage with an advert or taking…
Air Liquide and Faurecia to boost Hydrogen for heavy-duty trucks
PARIS, FRANCE: Air Liquide and Faurecia signed a joint development agreement to design and produce on-board liquid hydrogen storage systems for the heavy-duty trucks (automotive industry). Through this technology partnership, the two companies will accelerate the deployment of zero-emission heavy-duty mobility. Particularly well-suited for long-haul applications, liquid hydrogen storage for fuel cell vehicles has a…
Mode rolls out first-of-its-kind payments and Bitcoin rewards solution
LONDON, UK: Mode Global Holdings has launched its revolutionary open banking payments and Bitcoin rewards solution with THG Plc, the proprietary technology platform specialising in taking brands direct to consumers globally. Originally scheduled for roll-out over the course of 12 months starting from the end of Q3 2021, Mode’s integration into THG has been heavily…
Sherwood completes acquisition of Arrow Global Group
LONDON, UK: Sherwood Acquisitions Limited has completed the acquisition of Arrow Global Group plc. The boards of Arrow Global Group plc and Sherwood Acquisition Limited (Bidco) reached an agreement on the 31st March 2021 on the terms of a recommended acquisition. Bidco has today acquired the entire issued and to be issued share capital of…
EKF Diagnostics completes acquisition of ADL Health
LONDON, UK: EKF Diagnostics Holdings announced the acquisition of ADL Health has completed. Application has been made for admission of 8,937,337 Consideration Shares to trading on the AIM Market of the London Stock Exchange based on an exchange rate of US$1.37115:£1. Admission is expected to take place on 14 October 2021. The Consideration Shares will,…
IQE signs IT transformation agreement with Critical Manufacturing
LONDON, UK: IQE plc, the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has entered into a multi-year strategic IT transformation agreement with Critical Manufacturing to support the future growth. IQE has engaged Critical Manufacturing to deliver a Manufacturing Execution System (MES) which will: · Enable IQE…
PCI Pal adds Amazon Connect, Marketplace to its partner eco-system
LONDON, UK: PCI-PAL, the global cloud provider of secure payment solutions for business communications, announced a further strategic expansion of its market leading partner eco-system with an integration to Amazon Connect, Amazon’s omnichannel cloud contact centre solution. Amazon customers can now access PCI Pal services across its global cloud platform from anywhere in the world…
Insufficient financial robustness: OKEA halts Vette discovery
OSLO, NORWAY: OKEA, as operator of the Vette licence (40% Working Interest (WI)), has decided to propose to the licence partners not to develop the Vette discovery further, due to the project’s insufficient financial robustness, a bourse filing said. OKEA took over operatorship of the licence earlier this year and has been maturing the discovery…