SINGAPORE: The Board of Directors of CITIC Envirotech Ltd announced that Tan Huchuan will succeed Hao Weibao as the new Group Chief Executive Officer (CEO) of CEL with effect from 1st October 2020. Hao Weibao will remain as Executive Chairman of the Group. Tan Huchuan is the current Group Chief Operating Officer (COO), and has been…
AMTD Charity donates a total of S$1 million to SGX Bull Charge and Community Chest
SINGAPORE: Beneficiaries of SGX Bull Charge, the flagship charity initiative of Singapore Exchange (SGX), have received a boost from AMTD Charity Foundation amid a challenging year for fundraising. AMTD Charity Foundation is donating S$500,000 to SGX Bull Charge ahead of its 17th annual Charity Run – the largest single contribution in recent years. The proceeds…
WAM Capital bids for Contango Income Generator Limited
SYDNEY: WAM Capital Limited has announced a conditional off-market takeover bid for Contango Income Generator Limited. The offer consideration is 1 WAM Share for every 3 CIE Shares. This represents a premium of 17.6% to CIE’s 25 September 2020 share price, 18.1% to CIE’s one-month volume-weighted average price (VWAP) and a premium to CIE’s reported…
Piedmont Lithium signs SC6 sales agreement with Tesla
PERTH: Piedmont Lithium Limited has entered into a binding agreement with Tesla Inc. (Tesla) for the supply of spodumene concentrate (SC6) from Piedmont’s North Carolina deposit to Tesla, a news release said. The agreement is for an initial five-year term on a fixed-price binding purchase commitment from the delivery of first product, and may be…
Warrego and Alcoa sign large scale, long term gas sales agreement
PERTH: Warrego Energy Limited (WGO) has signed a binding Gas Sales Agreement (GSA) with Alcoa of Australia Limited, for the long term supply of a total of 155 petajoules (PJ) of natural gas from the West Erregulla gas field. The GSA will commence on January 01, 2024, subject to a positive project Final Investment Decision…
Halo and Green Matter purchase Bar X ranch to establish largest cannabis grow
TORONTO: Halo Labs’ wholly owned subsidiary PSG Coastal Holdings together with Green Matter Holding founded a real estate holding company on August 18, 2020 each with 50% ownership. The newly created company, Lake County Natural Health LLC (LCNH), completed the purchase of the Bar X Ranch in Lake County, California from an unrelated party. Halo’s…
KITS partners with professional tennis player, Vasek Pospisil
VANCOUVER: KITS, Canada’s fastest growing eyecare brand, announced today its partnership with Kitsilano-based tennis star Vasek Pospisil. The partnership marks the company’s dedication to supporting Canadian athletes. Inspired by the athlete’s history, where growing up he trained on the courts at Kits Beach Tennis Club, and the important connection between tennis and eye health, this…
BridgeComm partners with Nokia to develop high-speed optical communications
DENVER: BridgeComm, an Allied Minds portfolio company, has partnered with Nokia to develop high-speed optical communications, a news release said. BridgeComm, a leader in optical wireless communications solutions and services, today announced its partnership agreement with Nokia in efforts to develop high-speed optical communications. Leveraging BridgeComm’s background in freespace optical technology and Nokia’s portfolio of…
Total exits the Foz Do Amazonas Basin in Brazil
PARIS: Total has reached an agreement on September 24th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil. These blocks are referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127. The closing of the transaction is subject to the preemption rights of…
Open Orphan gets £4.3 million challenge study contract win with global vaccine company
LONDON: Open Orphan plc (ORPH), announced a new £4.3 million contract to conduct a human viral challenge study utilising one of its 8 traditional challenge study models for another of the global top 10 vaccine companies. This trial will be conducted in the Company’s dedicated human viral challenge quarantine unit in London with all volunteers…
Mears Group announces disposal of Scotland Domiciliary Care activities
LONDON: Mears Group (LSE: MER), the UK Housing solutions provider, has completed its exit from domiciliary care, with the disposal of its Scotland Domiciliary Care business (SDC). The disposal to Cera Care Operations Holdings Limited, who also acquired the England & Wales Domiciliary Care business, is for a cash consideration of £2.0m payable on completion,…
FRP Advisory Group acquires business and assets of Abbott Fielding Limited
LONDON: FRP Advisory Group announce the acquisition of the business and assets of Abbott Fielding Limited, a business recovery practice based in Sidcup, Kent. The firm’s sole director, Nedim Ailyan (Ned) will join FRP as a Partner along with all staff, including 8 fee earners. Geoff Rowley, FRP CEO said: “We are pleased to complete…