SINGAPORE: City Developments Limited (CDL) announced the appointment of Deloitte & Touche Financial Advisory Services as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China. The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020,…
Bango partners with BT for launch with BritBox
CAMBRIDGE: Bango Plc, the global platform for data-driven commerce, announced it is powering bundled subscription services for BT, the UK’s leading telecommunications company. BT has selected the Bango Platform as a key integration point to deliver a range of third-party products and services to its customers. The partnership between Bango and BT will open-up greater…
IQ-AI Ltd’s LSN software receives FDA clearance
LONDON: IQ-AI Limited announced that the US Food and Drug Administration (FDA) has granted 510(k) market clearance for the Liver Surface Nodularity (LSN) software application. Earlier this year, IQ-AI’s subsidiary, Imaging Biometrics, LLC (“IB”), entered into a business agreement with the owners of LSN, AI Metrics, LLC, which granted IB global rights to manufacture, market,…
essensys plc appoints Jeremy Bernard CEO of North American business
LONDON: essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announced the appointment of Jeremy Bernard as CEO of its North American business, effective immediately. Jeremy joins the Group’s Operating Board and reports to Mark Furness, the Group’s Founder & CEO. Jeremy will spearhead the scale up of…
Medica Group Plc acquires Global Diagnostics Ireland for €16 million
LONDON: Medica Group Plc announced the acquisition of Global Diagnostics Ireland (GDI), the market leader for teleradiology services in Ireland, for an initial cash consideration of €16m (£14.5m) from private Irish healthcare group, Centric Health, on a cash-free and debt-free basis. Dr. Stuart Quin, CEO of Medica Group stated: “This highly complementary acquisition of Global…
Dekel Agri-Vision agrees to acquire controlling interest in large scale cashew project
LONDON: Dekel Agri-Vision Plc has agreed to acquire an additional 14.2% interest in the large scale raw cashew nut (RCN) processing project at Tiebissou, Côte d’Ivoire, which will increase the Company’s interest in the project to a controlling stake of 52%. In summary, Concordia has agreed to transfer a beneficial interest in 14.2% of the…
SHUAA Capital pays its $100 million bond in full
DUBAI: SHUAA Capital psc, the leading asset management and investment banking platform in the region, today announced that it has paid in full the USD 100 million bond issued in November 2017 by ADFG FC Limited. The redemption follows the recent successful closing of a new three-year bond, which saw SHUAA raise USD 150 million…
Lonza Welcomes New Group Chief Executive Officer Pierre-Alain Ruffieux
BASEL: Pierre-Alain Ruffieux today joins Lonza Group in the role of Chief Executive Officer, a news release said. Albert Baehny has taken the role of CEO ad interim since November 2019. He will now work with Pierre-Alain to ensure a smooth handover of leadership before returning to his role as Chairman of the Board of…
Hyphens Pharma expands Ocean Health distribution to Sri Lanka
SINGAPORE: Hyphens Pharma International ‘s subsidiary Ocean Health Pte Ltd has signed a Distribution Agreement with Healthguard Pharmacy Limited to appoint Healthguard as an exclusive distributor of Ocean Health health supplements. Under the agreement, Healthguard will be granted exclusive rights to distribute Ocean Health health supplement products in Sri Lanka, such as Ocean Health’s best-known…
Ng Kee Choe to retire as Chairman of CapitaLand; Miguel Ko to be next Chairman
SINGAPORE: CapitaLand Limited announced that Mr Ng Kee Choe will retire as Chairman and director of CapitaLand at the conclusion of its next annual general meeting (AGM) scheduled for April 2021. Mr Miguel Ko, currently Deputy Chairman of CapitaLand, will succeed Mr Ng as Chairman when Mr Ng retires next year. This follows the completion…
Pakistan LNG Limited receives lowest bids for December LNG deliveries
KARACHI: Pakistan LNG Limited (PLL) has received offers between 15.88-16.99 percent of Brent for its 6-cargo tender for December delivery. For a $37.46/bbl Brent price, that’s $5.95-6.36/MMbtu of LNG. Astute observers may point out that this is lower than northeast Asian LNG spot. Socar Trading won the bidding for first cargo to be delivered on…
GSK sets new environmental goals
LONDON: GSK has announced ambitious new environmental sustainability goals in both climate and nature, aiming to have a net zero impact on climate and a net positive impact on nature by 2030. Increasing scientific evidence demonstrates that climate change and nature loss are impacting the world and human health in many ways, including: extreme heat…