SINGAPORE: UAC Energy Holdings, an affiliate of AC Energy Inc., has been notified by the Australian Foreign Investment Review Board (FIRB) that the Commonwealth has no objection to UAC’s proposed acquisition of Infigen Energy. Accordingly, UAC has given notice to Infigen that the condition to UAC’s takeover offer relating to the FIRB approval has been…
MyFiziq to expand technology into cancer care
PERTH: MyFiziq Limited has developed an extension to its scanning technology into body surface area (BSA) calculation, and other serial measurements, to assist with oncology therapy decisions and prevention measures. MyFiziq’s Chief Science Officer, Dr Amar El-Sallam, has been working on a number of new and innovative measurements to be included into the Company’s patented…
ASIC commences proceedings against CFS and Commonwealth Bank
SYDNEY: Commonwealth Bank of Australia (CBA) acknowledges that civil proceedings have been brought by the Australian Securities and Investments Commission (ASIC) against Colonial First State Investments Limited (CFSIL), a wholly owned subsidiary of CBA, and CBA. The claim alleges certain contraventions of conflicted remuneration provisions in the Corporations Act relating to the arrangement between CFSIL…
Integumen signs MTA with Aptamer Group Ltd
LONDON: Integumen Plc has signed a Material Transfer Agreement (MTA) with the Aptamer Group Limited to develop and manufacture aptamers to detect SARS-CoV-2 in wastewater. The aptamers have the potential to play a key role in the real-time identification of localised COVID-19 hotspots in wastewater, from which authorities can be alerted through Integumen’s real-time alert…
Caribbean Investment Holdings signs agreement to acquire Scotiabank’s Belize banking operations
TORTOLA: Caribbean Investment Holdings Limited has reached an agreement for the purchase of Scotiabank (Belize) Ltd. (SBL) from Scotiabank Caribbean Holdings Ltd., for an initial purchase price of up to US$30.5 million. Scotiabank Caribbean Holdings is a subsidiary of The Bank of Nova Scotia (BNS). The acquisition is subject to regulatory approval and customary closing…
EOS appoints Glen Tindall as CEO for Communication Systems Sector
CANBERRA: Electro Optic Systems Holdings Limited (EOS) has appointed Glen Tindall to head its Communication Systems sector in the new role of Chief Executive Officer, Communication Systems. Tindall will assume this role from 1 July 2020. EOS announced the formation of its Communication Systems sector on 1 October 2019, coincident with the acquisition of EM…
Adrian Sainsbury to be new Chief Executive of Close Brothers Group
LONDON: The Board of Close Brothers Group plc announced that Adrian Sainsbury has been selected to succeed Preben Prebensen as Chief Executive. Adrian will take up the new position, and become an Executive Director of the group, with effect from 21 September 2020. Adrian has been Managing Director of Close Brothers’ Banking division and a…
Martin Glenn appointed Chairman of Chapel Down Group
LONDON: Chapel Down Group plc, the English wine and drinks producer, announced the appointment of Martin Glenn as Chairman. Martin succeeds John Dunsmore who has chaired the Company for the last six years. Martin will take over on 1 July 2020 after the Company’s AGM on 30 June 2020. Martin Glenn, Chairman designate, commented: “I’m…
Latitude Consolidated Limited signs binding agreement to acquire Skye Gold Project
SYDNEY: Latitude Consolidated Limited has signed a binding option agreement to acquire a 100% legal and beneficial interest in South Australian Exploration Licence Application ELA2019/128 (Tenement), known as the Skye Gold Project. The Skye Gold Project is located in the Gawler Craton, South Australia in a proven million-ounce terrain some 700km northwest of Adelaide. The…
Skykraft and XTEK awarded Australian Space Agency grant
PERTH: XTEK Limited and Skykraft Pty Ltd announced the award of an Australian Space Agency (ASA) Grant for the development of a SmallSats constellation launch stack. Skykraft, in conjunction with project partner XTEK, have been awarded the Australian Space Agency’s International Space Investment: Expand Capability grant that will fully fund the design and qualify a…
PotlatchDeltic agrees to sell 72,000 acres in Minnesota to the Conservation Fund for $48mn
SPOKANE: PotlatchDeltic Corporation announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020. “This transaction represents a significant milestone in our long-term strategy to maximize shareholder…
Milaha reorganizes to focus on core business growth
DOHA: Milaha, a Qatari Public Shareholding Company with the diversity to deliver seamlessly integrated transport and supply chain solutions, has announced a reorganisation of the company. The changes are in line with Milaha’s strategy to expand services for its core customers in the marine and logistics sectors and develop local capabilities to support Qatar National…