SYDNEY: Regional Express (Rex), Australia’s largest independent regional airline, has signed an agreement with PAG Regulus Holdings Pte Ltd (PAG), a subsidiary of leading Asia-Pacific focused investment firm PAG, for an investment up to AUD 150 million to be used exclusively to support the launch of Rex’s domestic jet operations scheduled to commence on 1…
Pro Medicus’ subsidiary Visage Imaging renews contract with Zwanger Pesiri
SYDNEY: Pro Medicus Limited announced its wholly-owned U.S. subsidiary, Visage Imaging Inc. has signed a 5-year renewal contract with Long Island based Zwanger Pesiri, one of the largest private outpatient radiology providers in the U.S. The contract, based on a transaction-based licensing model, will see the company’s Visage 7 technology continued to be used across…
Pro Medicus Limited (ASX:PME)
Pro Medicus Limited (ASX:PME) Share price Pro Medicus Limited [ASX: PME] is a leading medical imaging I.T. provider. Founded in 1983, the company provides a full range of radiology I.T. software and services to hospitals, imaging centres and health care groups worldwide. In late January 2009, the company announced the purchase of Visage Imaging, which…
Swift Media launches equity capital raise to accelerate growth
SYDNEY: Swift Media Limited is conducting a placement to sophisticated and professional investors to raise $3 million, with Swift’s board having discretion to accept oversubscriptions. The Placement to eligible sophisticated, professional and institutional investors will be conducted via a bookbuild and the Company confirms it has, prior to the bookbuild, received strong expressions of interest,…
Indus Holdings expanding to become largest producer in American cannabis
SALINAS: Indus Holdings Inc., a vertically integrated cannabis company, announced that it has entered into a Letter of Intent (LOI) to lease a neighboring facility to host expanded cultivation operations. The LOI contemplates a 20-year lease with a 5-year extension option. “This contemplated expansion is not just another leg in our journey towards becoming the…
SHUAA and Arton partner to encourage foreign direct investment in high growth markets
DUBAI, UAE: SHUAA Capital announced its new partnership with Arton Capital, the leading global expert advisory specializing in investment-based social impact programs, to encourage foreign direct investment through the establishment of real estate development funds focused on high growth markets. Leveraging SHUAA’s expertise in asset management and real estate development and Arton Capital’s experience in…
AFT Pharmaceuticals establishes subsidiary in Ireland
AUCKLAND: AFT Pharmaceuticals has announced the establishment of a new subsidiary in Ireland, to drive the growth of the company’s products in Europe. AFT has appointed Eddie Townslie, an experienced pharma executive, as the local director of AFT Pharmaceuticals Europe. Mr Townslie is also Managing Director of Ireland’s JED Pharma, which has been appointed the…
Downer EDI to sell blasting services business to Enaex for $62 million
WELLINGTON: Downer EDI Limited has entered into an agreement to sell its blasting services business (Downer Blasting Services) to Enaex S.A. The sale price represents an enterprise value of $62 million. Enaex S.A. is a subsidiary of the Chilean company Sigdo Koppers Group, which has operations in five continents, and is the largest producer of…
SCEE to acquire Trivantage for an enterprise value of up to $53.5 million
SYDNEY: Southern Cross Electrical Engineering Limited (SCEE) has executed a Share Purchase Agreement to acquire 100% of Trivantage Holdings Pty Ltd from the current shareholders for an enterprise value of up to $53.5 million on a debt free basis. Completion is expected to occur in mid-December 2020. With over 50 years of operational experience, Trivantage…
Andrea Sutton appointed on the board of Red 5 Limited
SYDNEY: Board of Red 5 Limited confirmed that Andrea Sutton has been appointed as an independent non-executive director of the Company. Ms Sutton has over 25 years’ experience with Rio Tinto and ERA. Between 2013 and 2017, Ms Sutton was Chief Executive and Managing Director of Energy Resources of Australia, then a Non-Executive Director from…
Mosman’s Falcon-1 well successfully completed, tested and ready to produce
LONDON: Mosman Oil and Gas Limited has announced successful testing at the Falcon-1 well at the Champion Project in East Texas. In October 2020 Mosman announced the completion of drilling of Falcon-1 following which, the well has been cased and completed. Mosman has a 50% working interest in this well, the royalties are 25% and…
ADS Services acquires PowerChokes from Expro Group
HOUSTON: ADS Services LLC, a Black Bay Energy Capital portfolio company, announced the acquisition of the PowerChokes business unitfrom Expro Americas LLC, a part of the Expro Group. ADS is the Permian Basin leader for cost-effective, reliable, safe, and fully traceable managed pressure drilling (MPD) systems. The acquisition of PowerChokes significantly enhances the ADS geographic…