SINGAPORE: Singapore Exchange (SGX) has welcomed Livingstone Health Holdings Limited to its Catalist under the stock code “PRH”. Based in Singapore, Livingstone Health Holdings Limited is a multidisciplinary specialist healthcare group, which focuses on aesthetics and wellness, anaesthesiology and pain management, family medicine, internal medicine as well as orthopaedic surgery. The group has 15 medical…
Atea Sweden wins SEK 300 million per year frame agreement within software and related service
OSLO: Atea Sweden AB has won a large new frame agreement with a public sector customer, a news release said. The frame agreement covers software and related services. Deliveries under the frame agreement will start in Q2 2021. The frame agreement has a two-year term, with an option for an additional two years. The total…
Ratos establishes new financial targets to develop a long-term business group
STOCKHOLM: The Board of Ratos AB has decided on new financial targets based on the previously announced decision to steer the direction of operations towards becoming a business group with a long-term perspective. Ratos currently has an “eternal” ownership horizon and invests to build value over the long term. “After reviewing the investment strategy implemented…
DP World reports 7.6% gross volume growth in 4Q2020 and flat growth for FY2020
DUBAI: DP World Limited handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 4Q2020, with gross container volumes increasing by 7.6% year-on-year on a reported basis and up 6.5% on a like-for-like basis. On a FY2020 basis, DP World handled 71.2 million TEU, flat year-on-year and up 0.2% on…
Healthcare Ventures launches digital health focused Venture Capital Fund
SYDNEY, AUSTRALIA: Sydney based Healthcare Ventures will invest in early stage and growth companies transforming healthcare via digital health technologies, a news release said. The investment strategy focuses primarily on Australian companies going global, led by visionary founders, that are redefining how healthcare is provided and consumed whilst delivering better outcomes for all. The Healthcare…
Spok launches healthcare communication platform in Australia
SPRINGFIELD: Spok Holdings Inc. announced the international expansion of its cloud-native communication platform, Spok Go, with availability in Australia. Purpose-built in the cloud for healthcare, the Spok Go platform drives informed care by connecting clinical teams with the people and information they need when and where it matters most. Spok has supported hospitals and health…
Elbit Systems gets $82mn contract from BAE Systems to supply Netherlands army
HAIFA, ISRAEL: Elbit Systems Ltd. announced it was awarded an approximately $82 million contract from BAE Systems Hägglunds AB to supply the Royal Netherlands Army (RNLA) with Active Protection Systems (APS) and electro-optical commander sights. The contract will be performed over a period of four and a half years. Under the contract and as part…
Elbit Systems gets $46mn contract to supply APCs to a country in Asia-Pacific
HAIFA, ISRAEL: Elbit Systems Ltd announced it was awarded a contract valued at approximately $46 million to supply VBTP 6X6 Armored Personnel Carriers (APCs) to the army of a country in Asia-Pacific. The contract will be performed over a three-year period. As the prime contractor, Elbit Systems will supply the VBTP 6X6 wheeled APCs that…
Singapore private equity investor expresses interest to acquire minority stake in mm2 Asia
SINGAPORE: mm2 Asia Ltd has received a non-binding term sheet from a Singapore private equity investor expressing interest in a potential acquisition involving a minority stake in one of the mm2’s core businesses. mm2 Asia Ltd. Had made and announcement earlier in relation to the proposed renounceable underwritten rights issue by the company. The Company…
Bank Albilad appoints Nasser bin Muhammad Al-Subaie as Chairman of the Board
RIYADH: Bank Albilad has announced the appointment of Nasser bin Muhammad Al-Subaie, as Chairman of the Board of Directors and Chairman of the Executive Committee (non-executive member), succeeding Dr. Abdulrahman bin Ibrahim Al-Hamid (late). Riyadh Bank Albilad announces the issuance of the Board of Directors’ decision, after obtaining SAMA Non-objection regarding the appointment of Nasser…
UAE market remains optimistic on an economic recovery in 2021
DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu Dhabi peer rallied 12.2% over the same period. “We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance,” Al…
Clean Power Capital increases stakes in PowerTap to 94.5%
VANCOUVER: Clean Power Capital Corp. has increased its investment in Powertap Hydrogen Fueling Corp. by acquiring an additional 4.5% equity interest in PowerTap. As previously announced, the Company initially invested in PowerTap on October 27, 2020 by acquiring a 90% equity interest. With the latest investment, Clean Power has increased its equity interest in PowerTap…