PARIS: Total S.E has signed the acquisition of ‘Blue Point London’ from the Bolloré Group, a news release said. With this transaction, Total is taking over the management and operation of Source London, the largest electric vehicle charging network citywide, which includes more than 1,600 on-street charge points. Launched in 2010, the current Source London…
Salmon Evolution admitted to trading on Merkur Market
OSLO: The land-based salmon farming company Salmon Evolution has today been admitted to trading on Merkur Market (ticker code: SALME-ME). Salmon Evolution is a land-based salmon farming company with its first production facility under construction on Indre Harøy, Norway. Salmon Evolution recently raised NOK 500 million through a private placement. “The private placement attracted very…
OHT admitted to trading on Merkur Market
OSLO: The specialized heavy transport and installation contractor OHT has today been admitted to trading on Merkur Market (ticker code: OHT-ME). OHT focuses on offshore wind installation, and recently raised NOK 542 million through a private placement to finance new custom-built semi-submersible offshore wind foundation installation vessels. The placement attracted strong interest. OHT is a…
Lucky Cement recognized by Asiamoney under its Asia’s Outstanding Companies Poll 2020
KARACHI: Lucky Cement Limited was recognized by Asiamoney under its Asia’s Outstanding Companies Poll 2020 for Materials sector in Pakistan. Asia’s Outstanding Companies Poll recognizes publicly listed companies across the region for their excellence in a variety of business areas and markets. The results recognized 140 companies as being the most outstanding for their sectors…
Agha Steel signs Rs10.5 billion sales agreement with Horizon Steel
KARACHI: Agha Steel Industries is going to sell 100,000 metric tons of low-carbon billets worth approximately Rs 10.5 billion per annum to Horizon Steel, a news release said. The two companies have signed a memorandum of understanding (MoU) that ensures Agha Steel will reliably supply the intermediate steel product that the downstream steel industry uses…
iX Biopharma secures TGA GMP licence for its testing laboratory
SINGAPORE: iX Biopharma Ltd announced that its wholly-owned subsidiary, iX Syrinx has obtained the Good Manufacturing Practice (GMP) licence issued by the Therapeutic Goods Administration (TGA) of Australia for its testing laboratory located within its facility in Victoria, Australia. As part of the Group’s GMP processes, every batch of raw material and finished product is…
Olam secures Singapore’s first SORA-pegged club loan with DBS and ICBC
SINGAPORE: Food and agri-business Olam International Limited (Olam) has secured Singapore’s first club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank (DBS) and Industrial and Commercial Bank of China, setting the pace for the industry’s future syndicated SORA loans. The SGD200 million one-year committed revolving credit facility is also the industry’s…
Sasseur REIT shines at the Asia Pacific Best of the Breeds REITs Awards 2020
SINGAPORE: Sasseur Real Estate Investment Trust (Sasseur REIT) has clinched, for the second consecutive year, three top awards – Best Retail REIT (Platinum), Best CEO (Platinum) and Best Investor Relations (Platinum) – for REITs under US$1 billion market capitalisation at The Asia Pacific Best of the Breeds REITs Awards 2020. The judging criteria for the…
Resurgence and Vividthree in discussions to produce esporting events
SINGAPORE: Vividthree Holdings Ltd is in discussions with RSG Resurgence Esports to co-create new esports events that will raise the bar in gaming and esports content development. Vividthree Holdings Ltd, a diversified entertainment company specializing in the production of immersive experiences with mixed technologies, and Resurgence, a Singapore-based, Southeast Asian-focused professional esports organisation, will combine…
Tan Huchuan appointed as Group Chief Executive Officer of CITIC Envirotech
SINGAPORE: The Board of Directors of CITIC Envirotech Ltd announced that Tan Huchuan will succeed Hao Weibao as the new Group Chief Executive Officer (CEO) of CEL with effect from 1st October 2020. Hao Weibao will remain as Executive Chairman of the Group. Tan Huchuan is the current Group Chief Operating Officer (COO), and has been…
AMTD Charity donates a total of S$1 million to SGX Bull Charge and Community Chest
SINGAPORE: Beneficiaries of SGX Bull Charge, the flagship charity initiative of Singapore Exchange (SGX), have received a boost from AMTD Charity Foundation amid a challenging year for fundraising. AMTD Charity Foundation is donating S$500,000 to SGX Bull Charge ahead of its 17th annual Charity Run – the largest single contribution in recent years. The proceeds…
WAM Capital bids for Contango Income Generator Limited
SYDNEY: WAM Capital Limited has announced a conditional off-market takeover bid for Contango Income Generator Limited. The offer consideration is 1 WAM Share for every 3 CIE Shares. This represents a premium of 17.6% to CIE’s 25 September 2020 share price, 18.1% to CIE’s one-month volume-weighted average price (VWAP) and a premium to CIE’s reported…