SYDNEY: Synlait Milk Limited has signed a manufacturing supply agreement with an established, global category leader, a news release said. Under the agreement, Synlait will manufacture, blend, and package nutrition products which include plant-based products. Synlait Chair Graeme Milne commented: “Our team has been working on this agreement for some time. It recognises our world…
VIP Gloves constructing new production facility of 2.5 billion pieces of gloves per annum
SYDNEY: VIP Gloves Limited planned to construct a new production facility to increase its glove production operations. VIP Gloves plans to build up to ten double-former lines with annual production capacity of estimated 2.5 billion pieces of gloves per annum. The new facility will be built on land owned by the Company’s 100% subsidiary KLE…
Attis Oil and Gas to amalgamate with Helium One Treasury Ltd
LONDON: Attis Oil and Gas Limited (AOGL) has entered into a binding Implementation Agreement with Helium One Treasury Ltd for a proposed merger by way of an amalgamation. Helium One is a private company focussed on exploration and development of the globally significant Rukwa Helium Project in Tanzania. The Amalgamation represents what the Attis Directors…
AstraZeneca’s Forxiga approved in the EU for heart failure
LONDON, UK: AstraZeneca‘s Forxiga (dapagliflozin) has been approved in the European Union (EU) for the treatment of symptomatic chronic heart failure with reduced ejection fraction (HFrEF) in adults with and without type-2 diabetes (T2D). Heart failure (HF) is a life-threatening chronic disease that prevents the heart from pumping sufficient levels of blood around the body….
Telecom Egypt awarded new spectrum package
LONDON: National Telecommunications Regulatory Authority (NTRA) has accepted and approved financial and technical offer of Telecom Egypt for additional spectrum that was submitted, a news release said. The company is expected to receive 20MHz of spectrum in the 2600MHz band, utilizing TDD technology with a right of use of 10 years for USD 305mn to…
PayPoint to acquire Handepay Limited and Merchant Rentals Limited for £70 million
LONDON: PayPoint Plc has signed an agreement to acquire Handepay Limited and Merchant Rentals Limited, leading card payments and card terminal leasing businesses, from a consortium of private investors, a news release said. The cash consideration for the acquisition is expected to be £70 million on a cash free debt free basis, after closing balance…
Shearwater GeoServices suspend technology partnership negotiations
OSLO: Due to the downturn in the oil and gas industry, triggered by the COVID-19 pandemic, Shearwater and CGG have jointly agreed to suspend negotiations regarding their partnership. Reference is made to the stock exchange notice on 4 June 2019, where it was announced that GC Rieber Shipping ASA’s 19% owned geoservices company Shearwater GeoServices…
CapitaLand, SP, Sembcorp to study use of integrated energy solutions to green data centres
SINGAPORE: CapitaLand, SP Group and Sembcorp Industries have signed a Memorandum of Understanding (MOU) to jointly study the use of integrated energy solutions to power data centres, a news release said. CapitaLand’s data centre is the first to pilot in Singapore under SP’s Energy Partnership Programme. The integrated energy solutions will potentially include a combination…
Yangzijiang secures new orders worth $198million from a Japanese shipowner
SINGAPORE: Yangzijiang Shipbuilding (Holdings) Ltd., a globally-leading shipbuilding group based in China, has entered into an agreement with a Japanese shipowner for the building and delivery of ten 3,500TEU containerships. Out of the orders for the ten vessels, five are firm orders worth approximately USD198 million in total. These are accompanied by five option orders…
Marc Enright Morin appointed President of Avarone Metals
VANCOUVER: Avarone Metals Inc. announced Marc Enright Morin has been appointed as President of the Company, effective immediately. Mr. Morin is a seasoned businessman and Vancouver-based entrepreneur. He began his capital markets career with a boutique merchant bank in Vancouver. He has assisted various public and private companies raise in excess of $300 Million through…
Mutares acquires Swedish and Finnish road services business from NCC
STOCKHOLM: Mutares SE & Co. KGaA has completed the acquisition of Nordic Road Services AB and Nordic Road Services Oy, each a leading provider of road operation and maintenance in their respective markets, from NCC. From December on, the companies will operate under the new names Terranor AB and Terranor Oy. Both companies will strengthen…
JF Petroleum Group acquires McCon Building & Petroleum Services
MORRISVILLE: The JF Petroleum Group, a MidOcean Partners portfolio company, has acquired McCon Building & Petroleum Services Inc, a news release said. Headquartered in Flower Mound, Texas, McCon is a full-service provider of petroleum equipment distribution, maintenance and construction services to customers across Texas. The addition of McCon to the JF Petroleum Group strengthens its…