OSLO: First-quarter net income after non-controlling interests was a negative USD 117 million (USD -0.43 per share), compared with USD 96 million (USD 0.35 per share) a year earlier, Yara International reported. The negative result includes a non- cash currency loss of USD -0.81 per share resulting mainly from a US dollar strengthening through the…
Q&M invests $3mn in Acumen Diagnostics to produce Covid-19 test kits
SINGAPORE: Q&M Dental Group (Singapore) Limited has inked a joint venture agreement with Dr Ong Siew Hwa, Ms Zeng WeiYi, and Acumen Holdings, for a 51% equity stake in JV company, Acumen Diagnostics Pte. Ltd. for a consideration of S$3.0 million. Concurrent to the JV agreement, Acumen Diagnostics will acquire part of the business of…
Biolidics Limited appoints Aytu Bioscience for exclusive distribution of COVID-19 Rapid Test Kits in USA
SINGAPORE: Biolidics Limited entered into a distribution agreement with Aytu Bioscience, Inc. to appoint Aytu as an exclusive distributor for the Company’s rapid test kits for the Novel Coronavirus 2019 (“COVID-19 Rapid Test Kits”), in the United States of America (“USA”) for a duration of one year with an option for an additional one-year term….
Rolls-Royce chooses to partner with GEIC and 2-DTech
LONDON: Versarien plc, the advanced materials engineering group, announced following an open innovation call, multinational engineering company Rolls-Royce has selected to work with The University of Manchester’s Graphene Engineering Innovation Centre (“GEIC”) and its Tier 1 partner, Versarien subsidiary, 2-DTech Limited (“2-DTech”). The initial programme of work will use the state-of-the-art chemical vapour deposition (CVD)…
Two AFC nominees appointed on Danakali’s Board
LONDON: Danakali Limited announced today the new appointments to its Board of Directors, Samaila D. Zubairu, President and CEO, and Taiwo Adeniji, Senior Director for Investment Operations & Execution, of Africa Finance Corporation (AFC). They are joining the Danakali Board as Non-executive Directors with immediate effect and at an important time, bringing significant experience to…
Total acquires Tullow’s entire interests in the Uganda Lake Albert Project
PARIS –(BUSINESS WIRE)– Total S.A and Tullow Oil Plc have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and…
Gaia completes acquisition of retail cannabis stores in British Columbia from Blackhawk
VANCOUVER: Gaia Grow Corp. has completed the purchase of three pre-license retail cannabis stores in British Columbia from and Blackhawk Growth Corp. Through the Transaction, Gaia has acquired all of the issued and outstanding share capital of 1202465 B.C. Ltd. (Nelson Store) and Patriot Cannabis Brands Inc. (Powell River Stores) from Blackhawk. The Nelson Store,…
Stillcanna signs letter of intent to acquire Sativa Group of United Kingdom
VANCOUVER: Stillcanna Inc. signed a comprehensive Letter of Intent (LOI) to acquire Sativa Group PLC, one of the United Kingdom’s first medical Cannabis companies. The proposed transaction, which is arm’s-length, will constitute a “Fundamental Change” of Stillcanna under the policies of the Canadian Securities Exchange (“CSE”). The combined assets and licenses of Stillcanna and Sativa…
Huawei announces Q1 2020 business results
BEIJING, CHINA: Huawei announced its business results for the first quarter of 2020. In Q1 of this year, Huawei generated US$ 25.7 billion in revenue approximately, an increase of 1.4% year-on-year. The company’s net profit margin in Q1 2020 was 7.3%. As COVID-19 continues to spread around the world, Huawei is taking proactive measures to…
Cycladex Ltd and BC Mining announce strategic partnership for Mexico
LONDON: Cycladex Ltd has signed a non-exclusive license for the use of its technology with BC Mining of Baja Mexico. The two Companies also announced a strategic partnership to commercialise their technology in multiple locations around Mexico. Cycladex’s technology consists of a patented process for isolating gold and silver which does not use cyanide, reduces…
Sarah Bentley to be new chief executive of Thames Water
LONDON: Thames Water Utilities Limited, UK’s biggest water and wastewater services provider, has announced the appointment of Sarah Bentley as chief executive officer, starting this autumn. During her time at Severn Trent, Sarah has been the chief customer officer responsible for customer retail and network operations, group technology and transformation. Ian Marchant, Thames Water’s interim…
Total wins over 135 MW of projects in the latest national solar tender
PARIS, FRANCE: Total S.A through Total Quadran, a wholly-owned affiliate dedicated to developing and producing renewable energy in France, was awarded with 131 megawatt-peak (MWp) of solar projects or 20% of the total up for the seventh round of the CRE 4 (French Energy Regulatory Commission) tender for ground-mounted solar parks, as well as 5.6…