MOSCOW: Rostelecom PJSC has acquired an interest in SIGN.ME, an e-signature platform developer, and will start to roll out the mobile e-signature service across its client base. The new solution fits organically into the company’s digital ecosystem of services, just as the global shift to remote working has accelerated due to the Covid-19 pandemic. SIGN.ME…
Europris board appoints Espen Eldal as new CEO
FREDRIKSTAD: The board of directors of Europris ASA has today appointed Espen Eldal as the new CEO of the company. Eldal has served for many years as CFO of Europris, and has been acting CEO since 1 April. His appointment will accordingly take immediate effect. The board has carried out a detailed process in appointing…
Espen Kvale appointed CEO of Aqua Bio Technology
OSLO: Espen Kvale (age 43) has been appointed Chief Executive Officer of Aqua Bio Technology ASA. Mr Kvale has been retained as acting CEO through his own consultancy since January 2019 and has previously served as ABT’s Chief Operating Officer. Espen Kvale has a Master of Science degree in pharmacy and a PhD in immunology…
Yield Growth signs agreement with Argentia Gold to manufacture Jack n Jane cannabis products in Canada
VANCOUVER: The Yield Growth Corp’s wholly owned subsidiary Jack n Jane Essentials Inc. signed a definitive agreement with Argentia Gold Corporation for the manufacture and distribution of Jack n Jane branded cannabis products in Canada. The agreement includes 35 products to be launched over a 2-year term, including similar products that have been previously launched…
Olam secures a US$176 million term loan from IFC and JICA
SINGAPORE: Global food and agri-business Olam International Limited and its wholly owned subsidiary Olam Treasury Pte. Ltd. have secured multi-tranche financing facilities aggregating US$176.0 million from the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches – a 5-year term loan of US$120.0 million and a 7-year term…
iX Biopharma inks agreement to supply medicinal cannabis wafer to the Australian market
SINGAPORE: Specialty pharmaceutical company iX Biopharma Ltd announced that its wholly-owned subsidiary, iX Syrinx has formalised a supply agreement with Cannatrek Medical Pty Ltd, a wholly-owned subsidiary of Cannatrek Ltd. Cannatrek is a medicinal cannabis enterprise with a national distribution network in Australia and participates heavily in doctor and patient education programmes for medicinal cannabis….
United Overseas Australia updates on potential impact of Covid-19 outbreak on group
SINGAPORE: The COVID-19 outbreak was declared a pandemic by the World Health Organization (‘WHO’) in March 2020, which continues to spread throughout Australia and Malaysia (the Group’s main geographical area of operation). In addition, the Malaysian government implemented a movement control order (‘MCO’) on the 18 March 2020 as a result of COVID-19, with the…
Power Metals forms gold exploration JV with Red Rock Resources
SYDNEY: Power Metal Resources (POW), a metals exploration and development company, announced the commencement of a new joint venture (JV) with Red Rock Resources Plc to build a strategic gold exploration portfolio in Australia. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “This strategic move into Australian gold exploration is an important…
Randall & Quilter Investment announces new equity investment into the group
LONDON: Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced US$100 million of new equity investment into the group. The new investment includes a US$80 million subscription by Brickell Insurance Holdings LLC, an investment vehicle controlled by 777 Partners, for a new series of preferred stock issued by Randall…
SICO BSC bids to acquire majority stake in Muscat Capital LLC
MUSCAT: Bank Muscat SAOG has received in-principle interest from SICO BSC (c), a Bahrain based regional asset manager and investment bank, to acquire a majority shareholding in Muscat Capital LLC. Muscat Capital is a Saudi Single Shareholder Closed Joint Stock Company, licensed by the Saudi Capital Market Authority and wholly-owned subsidiary of Bank Muscat with…
Adventures of Tintin Mobile Game expands soft launch into New Zealand
COPENHAGEN: 5th Planet Games announced that the Adventures of Tintin Match 3 mobile game is now expanding the soft launch territory into New Zealand. Following the succesfull soft launch in the Phillipines and Australia, the soft launch is now, according to the development plan for the Tintin game, expanding into New Zealand, which means the…
Zwipe partners with ACC to roll out biometric payment card products and services
OSLO: Biometric fintech company Zwipe announced that Asia Credit Card Production Ltd. (ACC), a specialist smart card manufacturer based in Hong Kong, has chosen to partner with Zwipe in order to offer and roll out a range of biometric payment specific products and services including cards, wearables, enrolment and customer onboarding solutions. ACC has an…