OSLO: Aker Offshore Wind has successfully installed LiDARs offshore Ulsan, South Korea, marking a major milestone for the company’s KFWind consortium, which is working to develop an offshore floating wind park of 500 MW in the first stage. The LiDARs, or Light Detection and Ranging buoys, perform wind measurements and will stay in place for…
Emirates restart flights to Budapest, Bologna, Lyon, Dusseldorf and Hamburg
DUBAI: Emirates has announced it will resume flights to Budapest (from 21 October), Bologna (1st November), Dusseldorf (1st November), Hamburg (1st November) and Lyon (4th November), expanding its European network to 31 destinations, and offering customers around the world convenient connections via Dubai. The addition of these five destinations takes Emirates’ global network to 99…
Photocure announces new Cevira patent in Europe
OSLO: Photocure ASA announced that the European Patent Office (EPO) has granted patent EP 2983780 covering the commercial Cevira device in Europe until 2034. Cevira is a photodynamic drug-device combination product under development for non-surgical treatment of high-grade cervical dysplasia. In July 2019, Photocure announced that it had entered into a License Agreement providing Asieris…
JSW Steel’s Periama Holdings plans $ billion international offering
SINGAPORE: Periama Holdings LLC, a wholly owned indirect subsidiaries of JSW Steel Limited, is considering conducting an international offering of U.S. dollar denominated senior notes in an aggregate principal amount of up to $1.0 billion. The Notes would be guaranteed by Periama Holdings. The proceeds of the issue will be used for repayment of part…
SGX welcomes the listing of Phillip SGD Money Market ETF, the first of its kind in South East Asia
SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of Phillip SGD Money Market ETF, a new treasury and cash management tool for institutional investors as well as a timely alternative investment solution for individual investors to manage their ready cash efficiently. Managed by Phillip Capital Management, the fund invests in short term, high quality money…
Intiger Group signs Bid Implementation Agreement to acquire Complii FinTech Solutions
PERTH: Intiger Group Limited has signed a Bid Implementation Agreement (BIA) with Complii FinTech Solutions Ltd, which sets out the terms on which Intiger will offer to acquire all of the fully paid ordinary shares in Complii by way of an off-market takeover. Complii is a Financial Technology (FinTech) company which has a vision of…
OZ Minerals to acquire 100% of Cassini shares
PERTH: Cassini Resources Limited advises that the scheme of arrangement pursuant to which OZ Minerals Limited will acquire 100% of the shares in Cassini has been implemented. All Cassini shares have been transferred to OZ Minerals. The Acquisition Scheme consideration, comprising OZ Minerals shares, has been issued to Cassini shareholders, other than ineligible foreign shareholders…
Vection joins the Facebook ISV program through its Mindesk North America division
SYDNEY: Vection Technologies Ltd announced its entry into the Facebook Oculus Independent Software Vendor (ISV) program and the launch of Mindesk 2020.4. Vection Technologies has joined the Facebook ISV Program through its Mindesk North America division. The Facebook Oculus for Business program was launched as part of the Oculus Connect 6 events, including an independent…
BlackEarth Minerals launches Share Purchase Plan to raise up to $1.7 million
SYDNEY: BlackEarth Minerals NL has announced a Share Purchase Plan (SPP) which will allow existing eligible holders of fully paid ordinary shares in the company to apply for up to 600,000 shares (A$30,000) at the same price ($0.05per share). BlackEarth Minerals announced on 2 October 2020 that I thad secured commitments from investors to subscribe…
S2 Resources appoints Matthew Keane as Chief Executive Officer
PERTH: S2 Resources Ltd announced that Matthew Keane will join the Company as Chief Executive Officer to fill the role recently vacated by Dr Mark Bennett. Mr Keane is a geologist with more than 20 years of experience in mining, exploration and financial markets. He has worked in various technical and operational roles including exploration,…
Fonterra agrees to sell China farms for a total of $555 million
PERTH: Fonterra Co-operative Group has agreed to sell its China farms for a total of $555 million, a news release said. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited, has agreed to purchase Fonterra’s two farming-hubs in Ying and Yutian for $513 million. Separately, Fonterra has agreed to sell…
Pierre Raillard appointed Morocco Country Director of Chariot Oil & Gas
LONDON: Chariot Oil & Gas Limited has announced the appointment of Pierre Raillard as Morocco Country Director. Pierre brings to Chariot over 25 years’ operational and management experience in the energy industry, with specific expertise in the development of natural gas projects in Africa. Pierre has held senior positions within a number of leading energy…