HONG KONG: Seabury TFX, a company of Seabury Capital Group LLC, rolled out an all-new finance program, TrakFin (www.trakfin.com) on the sidelines of the 2020 Hong Kong Fintech Week. The finance program is targeted to enable companies in the app store and advertising community to gain faster access to their earnings and deploy their resources…
Americold Realty Trust announces acquisition, expansion totaling $575 million
ATLANTA: Americold Realty Trust has acquired South Plainfield, New Jersey-based Hall’s Warehouse Corporation for $480 million, a news release said. Americold also announced two expansion projects, including a build-to-suit expansion in Arkansas for a top tier customer and an expansion of the Company’s existing Calgary facility, which was acquired earlier in the year with the…
Farfetch, Alibaba and Richemont form partnership to accelerate digitization of luxury industry
LONDON: Farfetch, Alibaba Group and Richemont announced a global strategic partnership to provide luxury brands with enhanced access to the China market as well as accelerate the digitization of the global luxury industry. Leveraging each company’s respective expertise and extensive reach, the partnership will bring luxury retail to the next generation by seamlessly integrating the…
Pure Extracts Technologies commences trading on the Canadian Securities Exchange
VANCOUVER: Pure Extracts Technologies Corp. announced that the company’s stock commenced trading on the Canadian Securities Exchange (CSE) under the symbol “PULL” on November 5, 2020. “There currently is a tremendous consumer demand for natural health products with the ability to immediately enhance our quality of life. With Health Canada officially granting Pure Extracts a…
Karolis Ceizaris appointed as CEO of Franmax
LONDON: As of 6 November, Karolis Ceizaris becomes the CEO of Franmax, a subsidiary of Maxima Grupė, which provides IT development, support and maintenance services to the group’s companies. He is replacing Mantas Kuncaitis who has been running Franmax. M. Kuncaitis will continue to serve as Maxima Grupė‘s CEO and Chairman of the Board. “With…
Cadeler intends $100 million IPO on the Oslo Stock Exchange
COPENHAGEN: Cadeler A/S has announced its intention to apply for a listing on the Oslo Stock Exchange through an initial public offering (IPO). The IPO is expected to comprise a primary offering of new ordinary shares in the Company raising gross proceeds of approximately USD 100 million. As part of the IPO, it is also…
Aramex’s revenue increased 19% to AED 1.5 billion in Q3 2020
DUBAI: Aramex, a leading global provider of comprehensive logistics and transportation solutions, announced third quarter (Q3) ended 30 September 2020 revenue increased by 19% to AED 1.507 billion, compared to AED 1.27 billion in Q3 2019. Top line rose across most of the Company’s business lines, with International Expressre bounding from the previous quarter as…
AM Best revises outlooks to positive for SILAC Insurance Company
OLDWICK: Insurance sector rating agency, AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of SILAC Insurance Company. The ratings reflect SILAC’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating…
AM Best withdraws credit ratings of Weston Insurance Company
OLDWICK: Global rating agency, AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Weston Insurance Company. The outlook of these Credit Ratings is negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive…
Synlait signs new multinational customer agreement
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…