Tesla is set to launch in Saudi Arabia next month, marking its entry into the Gulf region’s largest market. The company announced the April 10 event in Riyadh, where it will showcase electric vehicles, solar-powered products, and innovations like Cybercab and Optimus, its humanoid robot. Tesla’s expansion comes amid declining sales in Europe and global protests…
Chinese bubble tea chain Chagee files for U.S. IPO
Chagee, a Chinese bubble tea chain, filed for a U.S. initial public offering on Tuesday and aims to list on Nasdaq under the ticker “CHA.” The company plans to debut its first U.S. store in Los Angeles this spring at Westfield Century City mall. Founded in 2017 by CEO Junjie Zhang, Chagee operates over 6,400 teahouses across…
DoubleU Games completes acquisition of Turkish developer Paxie Games
SEOUL: DoubleU Games has finalized its acquisition of Paxie Games, a Turkey-based casual game developer, following merger clearance by the Turkish competition authority. The transaction, first announced in December 2024, closed on March 26. Paxie Games specializes in the rapidly growing Merge 2 genre, with its flagship title, Merge Studio: Fashion Makeover, achieving more than…
One Equity Partners to Acquire CraftMark Bakery
NEW YORK: One Equity Partners (OEP), a middle-market private equity firm, announced today it has agreed to acquire CraftMark Bakery, a prominent supplier of bakery products for quick-service restaurants and in-store retail bakeries. Based in Indianapolis, CraftMark Bakery specializes in producing bread dough, cookie dough, muffins, flatbreads, baked cookies, and filled dough for customers nationwide. The company…
CW Advisors has acquired Delta Financial Group
BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets. Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning six offices from New York City to Richmond, Virginia. “We are excited to welcome another…
Supersearch Plus debuts on AQSE Growth Market
LONDON: Supersearch Plus plc, a Hong Kong-based frozen seafood importer and wholesaler, commenced trading its entire issued share capital of 22,785,583 ordinary shares on the Access segment of the Aquis Stock Exchange Growth Market (AQSE Growth Market) today. Trading began at 8:00 a.m. UK time under the ticker symbol SUP and ISIN number GB00BV4DNS07. The company, advised…
Drax Group offers to acquire Harmony Energy Income Trust in £199.9 million deal
LONDON: Drax BESS Holdco Limited, a wholly owned subsidiary of Drax Group plc, has agreed to acquire Harmony Energy Income Trust Plc (HEIT) in a recommended cash deal valued at approximately £199.9 million. Under the terms of the acquisition, HEIT shareholders will receive 88 pence per share, representing a 35% premium over HEIT’s closing price of 65.2…
Ibstock plc appoints Richard Akers as Chair
LONDON: Ibstock plc, a prominent UK manufacturer of building products and solutions, has announced that Richard Akers will join the company as Non-Executive Director and Chair Designate, effective May 5, 2025. Akers will succeed Jonathan Nicholls as Chair following the conclusion of the company’s Annual General Meeting (AGM) on May 15, 2025. Nicholls, who has been…
EKF Diagnostics Holdings appoints Gavin Jones as CEO
LONDON: EKF Diagnostics Holdings (AIM: EKF), the AIM-listed global diagnostics business, announces the appointment of Gavin Jones as Chief Executive Officer and to the EKF Board, with immediate effect. Gavin previously served as Chief Product Officer at EKF and has extensive industry experience in Analytical Chemistry and Diagnostics. Julian Baines will remain as Executive Chair for the foreseeable…
Ithaca Energy to acquire JAPEX UK E&P for $193 million
LONDON: Ithaca Energy, a leading UK independent production and growth company, has signed a sale and purchase agreement to acquire the entire issued share capital of JAPEX UK E&P Limited (JUK) from Japan Petroleum Exploration Co. for an enterprise value of US$193 million based on an effective date of 1 January 2024. JUK holds a 15%…
Meridian Energy to begin construction on $227m solar farm in New Zealand
WELLINGTON: Meridian Energy has announced plans to begin construction on its first New Zealand solar farm this August, with the $227 million Ruakākā Solar Farm set to boost the nation’s energy system and resilience in the Northland region. The 130-megawatt solar farm, located south of Whangārei, will feature 250,000 solar panels spread across an area…
NewPeak Metals appoints Mark Purcell as new CEO
SYDNEY: NewPeak Metals Ltd (ASX: NPM) announced Monday the appointment of Mark Purcell as its new Chief Executive Officer. Effective immediately, Purcell will spearhead the company’s strategic shift to focus on producing vanadium, a key resource for the burgeoning Vanadium Flow Battery (VFB) industry. Current CEO David Mason, who played a pivotal role in initiating…