NEW YORK: KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have entered into a definitive merger agreement, a news release said. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”. The transaction is expected to provide approximately $484 million of…
Paragonix Technologies appoints Dr. Lisa Anderson as CEO & President
CAMBRIDGE: Paragonix Technologies Inc. announced that Lisa Anderson, Ph.D., has been elevated to the role of CEO, as William Edelman, who has served as Chairman and CEO since 2012, recently announced his retirement. John Cammett, member of the Board for over three years, will assume the role of Chairman of the Board of Directors. Dr….
The Very Good Food Company receives approval to list on TSX Venture Exchange
VANCOUVER: The Very Good Food Company Inc. has received final approval from the TSX Venture Exchange (TSXV) to list its shares on the TSXV effective as of the open of market on March 17, 2021. The Company’s trading symbol “VERY” will remain unchanged and shareholders will not be required to take any action in connection…
Glow LifeTech to commence trading on CSE on March 15
TORONTO: Glow LifeTech Corp. (formerly Ateba Resources Inc.) will commence trading on the Canadian Securities Exchange (CSE) effective at the open of business on March 15, 2021, under the symbol “GLOW”. Clark Kent, CEO of the Company, commented, “Our public listing on the CSE is an important step forward for Glow and our shareholders, providing…
SEWL signs another Chinese automaker to assemble/sale its cars in Pakistan
KARACHI: Sazgar Engineering Works (SEWL) has signed an agreement with a renowned Chinese automobile manufacturer for the manufacture/assembly, sales and after sales service of passenger and commercial vehicles in Pakistan, a bourse filing said on Friday. This vehicle assembly technical and cooperation with the not yet disclosed Chines automaker is in addition to an agreement…
Fitch assigns investment grade rating to Tritax EuroBox
LONDON: Tritax EuroBox plc announced that Fitch Ratings Limited (Fitch) has assigned a BBB- long-term corporate credit rating to the Company, EuroBox’s first Investment Grade credit rating. Tritax EuroBox invests in a high-quality portfolio of very large, prime logistics real estate assets strategically located across continental Europe. As a result, the ratings condition in the…
JD Sports Fashion to acquire majority stake in Marketing Investment Group
LONDON: JD Sports Fashion has entered into a conditional agreement for the acquisition of 60% of Marketing Investment Group S.A. (MIG), a news release said. Based in Krakow, Poland, and founded in 1989, MIG is currently majority owned by brothers Andrzej and Zbigniew Grząka. The business operates 410 retail stores and associated trading websites across…
ldox plc sells its compliance operations business to Sponge Group for £9.0 million
LONDON: ldox plc, a supplier of specialist information management software and solutions, has agreed the disposal of its Compliance Operations business, to Sponge Group Limited for £9.0 million cash on completion. The Compliance Operations business, part of Idox’s Content Division is based in Germany and Belgium and employs 48 people. The transaction will see Sponge…
Avingtrans sells Peter Brotherhood Limited to Howden for £35 million
LONDON: Avingtrans plc has completed the sale of Peter Brotherhood Limited to Howden, a leading global provider of mission critical air and gas handling products, for a total consideration of £35.0 million. Peter Brotherhood, based in Peterborough, UK, which sat within Avingtrans’ Process Solutions and Rotating Equipment (PSRE) division, specialises in the design, manufacture and…
Kistos Plc signs binding agreement to acquire Tulip Oil Netherlands
LONDON: Kistos Plc, the closed-ended investment company, has entered into a binding share purchase agreement to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. (TON) from Tulip Oil Holding B.V (TOH). Proposed transaction: · Kistos proposes the acquisition of TON, which, via its wholly-owned subsidiary, Tulip Oil Netherlands Offshore B.V….
Auburn Resources to acquire Armour Energy’s subsidiary Ripple Resources
SYDNEY: A share acquisition agreement has been executed between Auburn Resources Limited and Armour Energy Limited, pursuant to which Auburn will acquire Armour’s wholly owned subsidiary, Ripple Resources Pty Ltd. Ripple currently holds a number of mineral exploration tenements in Queensland and the Northern Territory considered to be prospective for zinc, lead, and gold. Under…
Enprise Group increases iSell Pty Limited holding
AUCKLAND: Enprise Group has increased its holding in iSell Pty Limited to 71.1%, a news release said. Enprise has participated in an iSell Pty Limited $1m rights issue and has taken up its rights plus some shortfall shares. Enprise investment has been for 2,162,851 new shares at A$0.40 per share. Enprise has used existing cash…