LONDON: MHP SE, the parent company of a leading international agro-industrial group with headquarters in Ukraine, announced that the Limassol District Court sanctioned the merger of Raftan Holding Limited, Hemiak Investments Limited and Eledem Investments Limited into MHP SE. The scheme of merger will be affected by transferring the total assets and total liabilities of…
Packages Limited announces Rs2.8 billion expansion by a subsidiary
KARACHI: Packages Limited has announced Rs2.8 billion capital expenditure investment plans by Bulleh Shah Packaging, a 100% wholly owned subsidiary of Packages Limited. “Bulleh Shah Packaging (BSPL) has informed the company through its letter dated April 20, 2021 that the Board of Directors of BSPL, in its meeting held on April 16, 2021, has approved…
Coinsilium Group’s Indorse launches NFT analysis tool
LONDON: Coinsilium Group Limited’s portfolio company and advisory client Indorse Pte. Ltd. has announced the public alpha release of ‘Nifty Scanner’, a digital asset analysis software solution for Non-Fungible tokens (NFTs). Indorse is a Coinsilium equity portfolio company and advisory client. Coinsilium currently holds a 10% interest in the issued share capital of Indorse. Coinsilium…
Valereum acquires new bitcoin crypto miners for US operations
LONDON: Valereum Blockchain Plc, the Blockchain Technology venture builder, will soon commence mining bitcoin in the United States, having purchased new BTC mining hardware with a combined computational processing power of 1,600 TH/s (trillion hashes per second). With the assistance of the Company’s North American consultants, Valereum has acquired new machines, which will be installed…
VIS assigns A+/A-1 ratings to Interloop Limited
KARACHI: VIS Credit Rating Company Ltd. (VIS) has assigned initial entity ratings of ‘A+/A-1’ (Single A plus/Single A-One) to Interloop Limited (ILP). Outlook on the assigned ratings is ‘Stable’. Long term rating of ‘A+’ signifies good credit quality with adequate protection factors. Risk may varyslightly from time to time because of economic conditions. Short Term…
Skanska to build Signia by Hilton hotel in Atlanta, USA
ATLANTA: Skanska has signed a contract with Georgia World Congress Center Authority to build the first new construction Signia by Hilton hotel in Atlanta, Georgia, USA. The total contract value is USD 308 million for the Skanska-led joint venture along with SG Contracting Inc. Skanska will include its 88 percent share worth USD 271 million,…
Enento Group’s CEO Jukka Ruuska leaves the company
COPENHAGEN: Enento Group Plc’s CEO Jukka Ruuska has given notice of his resignation from the company. The Group’s Board of Directors will start the recruiting process of a new CEO immediately, a news release said. Jukka Ruuska will continue in his position until his successor will start, however no later than 31 October 2021. “After…
Atos and DreamQuark launch Sustainable Investment Brain, first digital platform for banks and insurers
PARIS: Atos and DreamQuark announced the launch of the Sustainable Investment Brain, the first digital platform for banks and insurers that is both dedicated to socially responsible investment (SRI) and compliant with the principles of transparent artificial intelligence as set out in the proposed European regulation published today. Supported by a growing interest in ESG…
GSTechnologies and Wise MPay sign MoU to enhance blockchain and new technology development capabilities
LONDON: GSTechnologies Limited, the integrated information and communication technology infrastructure solutions provider, has signed a Memorandum of Understanding (MOU) with Wise MPay Pte Ltd with a view to enhancing it’s blockchain and new technology development capabilities. In order to facilitate the Company’s plans to focus on new higher growth synergistic business areas focussed on blockchain…
GSTechnologies Limited (LSE: GST)
GSTechnologies Limited (LSE: GST), provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST’s strategy…
BASF, Quantafuel and REMONDIS to cooperate on chemical recycling of plastic waste
OSLO: BASF, Quantafuel and REMONDIS have signed a Memorandum of Understanding (MoU) to jointly evaluate a cooperation in chemical recycling including a joint investment into a pyrolysis plant for plastic waste. It is intended that REMONDIS, one of the world’s leading waste and water management companies, supplies suitable plastic waste to the plant, and chemical…
Catena Group to acquire 89.9% of Insight Capital Partners in £29.4 million deal
LONDON: Catena Group Plc has signed a conditional acquisition agreement to acquire Insight Capital Partners, a data science and machine learning solutions company. The Acquisition is for the balance of Insight shares not already owned by the Company, following Catena’s initial acquisition of 9.1 percent of Insight in March 2020. The Acquisition constitutes a reverse…