PERTH: A Term Sheet has been executed between Auburn Resources Limited and Armour Energy Limited for the acquisition of Armour’s wholly owned subsidiary, Ripple Resources Pty Ltd by Auburn, a news release said. Ripple currently holds a number of mineral exploration tenements in Queensland and the Northern Territory considered to be prospective for lead and/or…
Asian startups change the customer experience game with 8×8 communications APIs
SINGAPORE: 8×8 Inc., a leading integrated cloud communications platform, announced Asian startups Janio Asia and Coda Payments are using 8×8 Communications Platform as a Service (CPaaS) to more effectively reach customers anywhere. 8×8, through its Wavecell acquisition, recently launched CPaaS programmable applications, APIs and delivery capabilities beyond the Asia Pacific region to organizations in the…
9spokes and Fundation sign agreement to promote 9Spokes platform to US clients
AUCKLAND: 9Spokes, a powerful business ecosystem, has signed a distribution partner agreement with Fundation Group LLC, a US fintech focused on modernizing how credit is delivered to the small and medium-sized (SMB) business market. Under the Agreement, the parties will coordinate business development to introduce the 9Spokes platform to Fundation’s relationships with US-based banks and…
Pinterest appoints Andrea Wishom to Board of Directors
SAN FRANCISCO: Pinterest, Inc. has appointed Andrea Wishom, President at Skywalker Holdings and former Executive Vice President at Harpo Productions, to its Board of Directors, a news release said. “For the past few months, the board has been meeting with many great candidates, and Andrea stood out for several reasons,” said Ben Silbermann, CEO and…
NPC International launches sale process for Pizza Hut business
LEAWOOD: NPC International, has reached an agreement with Pizza Hut, whose parent company is Yum! Brands Inc., on the optimization of its restaurant portfolio and that it will launch a sale process for its Pizza Hut restaurants. The agreement with Pizza Hut follows an extensive analysis that the parties conducted of its entire Pizza Hut…
Love Hemp expanding with new facility to support future growth, production to increase 4 times
LONDON: World High Life Plc announced that its wholly owned subsidiary, London-based CBD brand, Love Hemp Limited (Love Hemp) has started construction on a 13,500 sq. ft. new facility, which will increase production capacity by approximately 4 times to meet rising demand. The new facility will enable Love Hemp to increase production across its range,…
Compass Group appoints Ian Meakins as non-executive Chairman
LONDON: Compass Group PLC announced the appointment of Ian Meakins as non-executive Chairman and a Director of the Company. Ian will join the Board on 1 September 2020 and will take over as Chairman on 1 December 2020 when Paul Walsh steps down from the Board. This follows the announcement made on 9 January 2020…
IOV Asia signs MoU with RedFOX to build fast scaling internet businesses on and for the RSK Blockchain
LONDON: Coinsilium Group Limited announced that its joint venture company with IOV Labs Ltd in Singapore (IOV Asia) has signed a Memorandum of Understanding (‘MoU’) with Vietnam-based RedFOX Labs Joint Stock Company to build fast scaling internet businesses on and for the RSK Blockchain in the Southeast Asian region. On 8 July 2020, Coinsilium announced…
Fonterra confirms appointment of Teh-han Chow to CEO Greater China
SYDNEY: Fonterra has confirmed the appointment of Teh-han Chow to the role of Chief Executive Officer, Greater China. Fonterra CEO Miles Hurrell says since December 2019, Teh-han has been at the helm in an acting capacity, overseeing the Co-op’s overall Greater China business, including Ingredients, Foodservice, Consumer Brands and China Farms. “He’s made an impressive…
ReNu Energy completes sale of 30% interest in Goulburn and Beaudesert bioenergy projects
PERTH: ReNu Energy Limited has completed the sale of its 30% interest in the Goulburn and Beaudesert bioenergy projects to Resonance Water Finance UK Limited, a news release said. ReNu Energy has received $500,000 in consideration for the sale and further payments of approximately $280,000 for the second generator project at the Beaudesert facility, accrued…
Appointment of Christine McLoughlin to the Cochlear Limited Board
SYDNEY: Cochlear Limited announced the appointment of Christine McLoughlin to the Cochlear Board. Ms McLoughlin’s appointment will become effective on 1 November 2020.Ms McLoughlin has served on the boards of a number of ASX50 companies and is a highly respected company director with domestic and international experience in financial and health services and telecommunications. Cochlear…
Oriole Resources announces sale of Karaağac Mining Royalty
LONDON: Oriole Resources PLC has signed a US$300,000 sale agreement with its joint venture partner Anadolu Export Maden Sanayi ve Ticaret Limited Şirketi (‘Anadolu’), in relation to the Karaağac mining royalty in Turkey. Oriole has received an initial tranche of US$50,000 in cash from Anadolu, with the balance contingent upon the commencement of mine construction…