SINGAPORE: Singapore Exchange (SGX) has signed a Memorandum of Understanding (MOU) with GF Securities Corporation, one of the leading securities brokerage houses in China, to promote greater connectivity between Singapore and China’s capital markets. The MOU was announced at the 11th Singapore-Guangdong Collaboration Council meeting co-chaired by Singapore’s Minister for Transport Ong Ye Kung and…
EFG Hermes Research tops ranks of Frontier and MENA research houses in the 2020
CAIRO: EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today that its Research Division has been recognized as the top frontier research house and the second-best research division overall in MENA for the third year running in the 2020 Institutional Investors Poll. It was also ranked 7th across the wider…
Next 15 Communications Group announces acquisition of global growth incubator Mach49
LONDON: Next 15 Communications Group plc has announced it has acquired Mach49, the Silicon Valley-based growth incubator for global businesses. Signaling an important strategic move for Next 15, Mach49 will become the cornerstone of its previously announced plans to create a $100m revenue innovation business to work alongside Next 15’s market leading data, technology and…
NAB agrees to sell MLC Wealth to IOOF for $1.44 billion
SYDNEY: National Australia Bank (NAB) has today entered into a Sale and Purchase Agreement to sell 100% of MLC Wealth (MLC) to IOOF Holdings Ltd. for a purchase price of $1.44 billion. The agreement follows the strategic decision announced by NAB in 2018 to pursue an exit of MLC and is in line with NAB’s…
OMV Petrom completes acquisition of OMV Offshore Bulgaria entering Han-Asparuh
LONDON: OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to…
SigmaRoc to acquire remaining 60% stake in leading quarrying group GDH Holdings
LONDON: SigmaRoc plc, the buy-and-build construction materials group, announced it will acquire the remaining 60 percent equity interest in GDH, a significant quarrying group located in South Wales, following the exercise of its exclusive option. Completion is anticipated on or around 21 September 2020. The consideration will be funded through internal resources following strong cash…
Oxford Biomedica signs Supply Agreement with AstraZeneca to expand manufacturing support of COVID-19 vaccine
OXFORD: Oxford Biomedica plc, a leading gene and cell therapy group, has signed an 18 month supply agreement under a three year Master Supply and Development Agreement with AstraZeneca UK Ltd for large-scale commercial manufacture of the adenovirus vector-based COVID-19 vaccine candidate, AZD1222, a news release said. The parties may extend the supply period for…
Kodal Minerals signs MoU with Sinohydro to jointly develop Bougouni Lithium Project
LONDON: Kodal Minerals has signed a Memorandum of Understanding (MoU) with Sinohydro Corporation Limited, a specialist engineering, infrastructure, power developer and construction contractor, to work together to develop the Bougouni Project. Sinohydro is a subsidiary of PowerChina, a Chinese state-owned enterprise and a Fortune Global 500 Company with a US$67bn turnover, which is a leading…
OnTheMarket Plc appoints Jason Tebb as Chief Executive Officer
LONDON: OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announced the appointment of Jason Tebb as Chief Executive Officer (CEO). Jason will start his role and join the board on 14 December 2020 subject to completion of the normal regulatory due diligence. Jason, 45, brings extensive property and estate agency experience…
AstraZeneca’s Imfinzi approved in EU for treatment of extensive-stage small cell lung cancer
LONDON: AstraZeneca’s Imfinzi (durvalumab) has been approved in the European Union for the 1st-line treatment of adults with extensive-stage small cell lung cancer (ES-SCLC) in combination with a choice of chemotherapies, etoposide plus either carboplatin or cisplatin. SCLC is a highly aggressive, fast-growing form of lung cancer that typically recurs and progresses rapidly despite initial…
Asimilar Group agrees to purchase Intrinsic Capital (Jersey) Limited
LONDON: Asimilar Group plc, company focused on technology opportunities has agreed to purchase Intrinsic Capital (Jersey) Limited (ICJL), a news release said. Asimilar Group plc is investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT). ICJL is a Jersey incorporated company that is…
Emirates and Clark International Airport celebrate landmark one-off A380 service
DUBAI: The iconic Emirates A380 made a one-off service to Clark International Airport Friday, becoming the first commercial flight, utilizing the iconic aircraft, to operate to the Luzon-based airport. The special A380 service from Dubai to Clark and operating as EK2520, took off from Dubai International Airport at 02:40 and landed in Clark at 15:23…