SYDNEY: Sequoia Financial Group Limited announce that Docs Centre Pty Ltd, a wholly owned subsidiary of SEQ, has signed a conditional Terms Sheet to acquire 100% of the shares in Panthercorp CST Pty Ltd from Easton Investments Limited. This transaction will not only provide SEQ with additional scale in our corporate and legal document business,…
Moody’s downgrades Crown Resorts’ rating
MELBOURNE: Moody’s Investors Service (Moody’s) has downgraded Crown Resorts Limited (CWN) issuer rating from Baa2 to Baa3 and that the rating remains on review for downgrade. As a result of the downgrade, there will be an increase in the interest cost associated with Crown’s Euro Medium Term Notes of approximately USD 1 million per annum….
CapitaLand unveils business transformation framework “The Next 20”
SINGAPORE: As CapitaLand marks the 20th anniversary of its listing on Singapore Exchange Securities Trading Limited this month, the Group is honouring the deep-rooted stakeholder relationships built over the last two decades by unveiling its new business transformation framework “The Next 20” (TN20). TN20 is built on three core tenets of People, Sustainability and Digitalisation,…
Ryman Healthcare evaluates retail bond offer for NZ investors
AUCKLAND: Ryman Healthcare Limited is considering an offer of 6 or 8 year, fixed rate bonds to New Zealand institutional and retail investors. The bonds will be unsubordinated obligations of Ryman, and will have the benefit of a guarantee and security package provided by the Ryman guaranteeing group. Ryman has appointed ANZ Bank New Zealand…
Galileo Green Energy launches pipelines in Ireland, UK and Sweden
MILAN: Infratil Limited notified that Galileo Green Energy (GGE) has closed a long term contract with a development partner from Northern Europe to develop a wind farm pipeline in the UK of 500 MW and another wind pipeline in Sweden of 1,000 MW. GGE has previously announced that it had secured a partnership with renewable…
Sumitomo Life and SBI Investment jointly establish a corporate venture capital fund
SINGAPORE: Sumitomo Life Insurance Company and SBI Investment Co. Ltd. jointly established a corporate venture capital (CVC) fund, Sumisei Innovation Fund to accelerate new value creation through open innovation. With the aim of being an “indispensable insurance company” for customers and society, Sumitomo Life has accelerated business co-creation with start-ups through making investments in venture…
PRA Health Sciences appoints senior FDA official Isaac Rodriguez-Chavez
RALEIGH: PRA Health Sciences Inc. announced the appointment of Isaac Rodriguez-Chavez, PhD, MHS, MS, as Senior Vice President, Scientific and Clinical Affairs. He will lead the company’s Global Center of Excellence for Decentralized Clinical Trial (DCT) Strategy. Dr. Rodriguez-Chavez’s responsibilities will involve the continued growth and development of PRA’s industry-leading decentralized clinical trial strategy, regulatory…
U.S. automobile insurance market benefits from reduced driving in Pandemic
OLDWICK: As there were fewer vehicles on the roads, the underwriting profitability and pretax returns in the U.S. private passenger nonstandard automobile insurance segment through the first half of 2020 improved, suggests a report issued by global rating agency AM Best. The report titled, “Events of 2020 Impacting Nonstandard Auto Market Performance,” states that the…
Arconic Corporation
Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Arconic’s products, are used worldwide in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Traded as: NYSE: ARNC; S&P 600 component; Russell 1000 Index component Industry: Manufacturing Founded: April 1, 2020; 7…
Arch Resources (previously Arch Coal)
Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15%…
ARC Document Solutions Inc.
ARC Document Solutions Inc. (formerly American Reprographics Company) is a publicly traded company that provides specialized document solutions, with an emphasis on the non-residential segment of the architecture, engineering and construction (“AEC”) industry. The company is headquartered in San Ramon, CA, The company provides onsite managed print services (MPS), archiving and information management (AIM), construction…
Aramark Corporation
Aramark Corporation, known commonly as Aramark, is an American food service, facilities, and uniform services provider to clients in areas including education, healthcare, business, prisons, and leisure. It operates in North America (United States and Canada) and an additional 20 countries, including United Kingdom, Germany, Philippines, South Korea, Chile, Ireland, and Spain. The company is…