TORONTO: Superior Plus Corp., through one of its wholly-owned subsidiaries, has acquired all of the equity interests of a Southern California retail propane distribution company, operating under the trade name Central Coast Propane. Founded in 1992, and located in Paso Robles, California, Central Coast is an established independent retail propane distributor serving approximately 2,800 residential…
Altius Resources acquires 2.0 million shares of CANEX Metals
ST. JOHN’S: Altius Resources Inc., a subsidiary of Altius Minerals Corporation, has acquired ownership of 2.0 million common shares of CANEX Metals Inc., with its head office in Calgary, Alberta, a news release said. The Common Shares were acquired by Altius pursuant to an exercise of previously acquired common share purchase warrants of CANEX held…
Ventas acquires trophy life science portfolio in South San Francisco for $1.0 billion
CHICAGO: Ventas Inc. announced that the Ventas Life Science and Healthcare Real Estate Fund, L.P. has acquired a trophy life science portfolio in the premier South San Francisco life science cluster for $1.0 billion. Ventas is the Sponsor and General Partner of the Fund, which is a perpetual life vehicle focused on investments in core…
Emeco fully repays $142 million March 2022 Notes
SINGAPORE: Emeco Group has repaid US$142 million (A$195 million), representing 100% of the 31 March 2022 notes (2022 Notes) outstanding, a news release said. The repayment of the 2022 Notes was funded from the net proceeds of the recently completed underwritten A$149 million pro rata entitlement offer and existing cash on hand. The note repayment…
Wilmar Ranked Top in Asia for Workers’ Rights
SINGAPORE: Wilmar International Limited (Wilmar) achieved the highest scores in Asia and is ranked top ten globally in the 2020 Benchmark Findings Report1 on the Food & Beverage sector published by KnowTheChain. The independent report evaluates and scores 43 of the world’s largest food and beverage companies based on policies and practices to address forced…
Facebook hosts Hello Pakistan with Pakistan’s authorized sales partner Dial Zero
KARACHI: Facebook hosted a virtual launch event to introduce Dial Zero, their Authorized Sales Partner for Pakistan, to the local market. Both companies discussed this first of its kind partnership for the country along with educating attendees about Facebook’s various new services being offered for local businesses including localised account management, local billing in Pakistan…
BevCanna partners Keef Brands for rapid growth in US recreational cannabis market
VANCOUVER: BevCanna Enterprises Inc. provided an update on their partnership with the award-winning Keef Brands. The partnership positions BevCanna very well for rapid growth within the U.S. market, in anticipation of positive federal regulatory reform with the U.S. federal cannabis legalization. BevCanna’s North American agreement with Keef Brands leverages the strengths of both companies to…
Victory Square establishes distribution network in Hong Kong, Philippines, Malaysia, Thailand, & Singapore for Safetest Covid-19 Testing Kits
VANCOUVER: Victory Square Health Inc. has established a distribution network in Hong Kong, Philippines, Malaysia, Thailand and Singapore to make available its Safetest Covid-19 Testing Kits across the region. The new partnerships with Hong Kong-based Nupaf Ltd., Jaya Unggul Gemilang Sdn Bhd in Malaysia, an associate company of the Singapore-based Olim Het Pte. Ltd. And…
Equals Group acquires international payments business from Effective FX
LONDON: Equals Group announced that as part of its continued growth strategy focusing on the B2B segment, the Group has acquired the assets from the international payments business of Effective FX Limited. Effective FX has been wholly owned by Amir Mehrad, the CEO of Effective FX, since its incorporation in 2012. The international payments business…
Ryanair announces to cut winter capacity from 60% to 40%
LONDON, UK: Ryanair, Europe’s largest airline, today further reduced its winter schedule (Nov – Mar) taking capacity down from 60% to 40% of prior year. Ryanair expects to maintain up to 65% of its winter route network, but with reduced frequencies. In addition to the winter closure of bases in Cork, Shannon, and Toulouse, Ryanair…
Rolls-Royce announces £2 billion Notes offering as part of a £5 billion recapitalisation package
LONDON: Rolls-Royce Holdings has successfully priced a notes offering of three tranches of senior unsecured notes denominated in US dollars, euros and sterling to raise gross proceeds of approximately £2 billion. The Notes will be issued by Rolls-Royce plc and guaranteed by the Company. The Bond Offering comprises: On 1 October 2020, Rolls-Royce announced intention…
Luc Jobin becomes new Chairman of British American Tobacco
LONDON: Luc Jobin will succeed Richard Burrows as Chairman of British American Tobacco p.l.c. (BAT). This will take effect from the conclusion of the Company’s Annual General Meeting (AGM) on 28 April 2021 and, in order to ensure an effective transition of the leadership of the Board, Mr Jobin will be appointed as Chairman Designate…