KARACHI: K-Electric (KE) announced the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August 2020, more than two weeks ahead…
Atomo receives TGA approval for its COVID-19 rapid antibody test
SYDNEY: Atomo Diagnostics Limited announced that the Therapeutic Goods Administration (TGA) has approved its rapid SARS-CoV-2 antibody blood test for use by medical professionals in Australia. With approval now granted for the Atomo Rapid COVID-19 (IgG/IgM) test, the product will now be added to Atomo’s existing Australian Register of Therapeutic Goods (ARTG) listing, alongside the…
Emerald Clinics signs real-world evidence contract with UK’s cannabis company Canopy Growth
SYDNEY: Emerald Clinics Limited, a leader in the collection and clinical translation of Real-World Evidence technologies, has been engaged by Spectrum Biomedical UK (SBUK), the UK subsidiary of the world’s largest cannabis company Canopy Growth, to develop a Real-World Evidence system in the United Kingdom (UK). Under the agreement Emerald will design and deliver a…
MyFiziq signs term sheet with behavioural change company Biomorphik
PERTH: MyFiziq Limited has signed a binding term sheet with Biomorphik Pty Ltd, an Australian based behavioural change and technology company, with the aim of reducing health costs at all levels of society from the individual, to healthcare and insurance systems, and governments. Biomorphik has created a pre-emptive health platform, built on a simple idea:…
Sigma Healthcare sells two distribution centres for $172 million
SYDNEY: Sigma Healthcare Limited announced that final contracts have been executed for the sale and leaseback of two Distribution Centres (DC’s) for proceeds totalling $172 million. Sigma Healthcare Limited is a full line wholesale and distribution business to pharmacy. It is also the owner of Australian pharmacy retail brands: Amcal Max, DDS, Amcal and Guardian….
Driver Group announces opening of New York office
LONDON: Driver Group plc, the global professional services consultancy to the construction and engineering industries, announced opening of an office in New York. The launch of Driver Group’s office in the USA is supported by the appointment of two leading experts. Simon Braithwaite, a Quantity Surveyor and testifying Quantum, Delay and Damages expert, has been…
Supply@ME joins hands with iMass LLC to expand into the Middle East market
LONDON: Following a joint market assessment that commenced in June, Supply@ME announced that it has signed a Memorandum of Understanding (MOU) with Khaled Abdulla Almass and his investment company, iMass LLC to facilitate the expansion of Supply@ME into the Middle East market. Whilst Europe will remain the focus, with the UK a specific next target,…
R&Q acquires 35% interest in New York based Tradesman Program Managers
LONDON: Randall & Quilter Investment Holdings Ltd. (R&Q) has reached agreement to merge its wholly owned subsidiary, Sandell Re Ltd. with Tradesman Program Managers, LLC. in return for a 35% interest in the combined entity. The transaction is subject to the approval of the Bermuda Monetary Authority, a news release said. The initial book value…
Yü Group acquires Bristol Energy’s B2B business
LONDON: Yü Group PLC, the independent utilities supplier to the UK business sector, has completed the acquisition of the B2B customer book from Bristol Energy Limited, a wholly owned subsidiary of Bristol City Council, a news release said. Yü Group has paid £1.24 million in cash on completion and, as part of the acquisition, has…
Union Properties completes AED 946 million debt restructuring with Emirates NBD
DUBAI: Union Properties PJSC has successfully reached an agreement with Emirates NBD for the full restructuring of its outstanding AED 946 million debt with the bank along with payment of the initial amount as per the new terms. Emirates NBD being the main creditor of Union Properties PJSC, this agreement will substantially improve the debt…
BTG plc
BTG plc is an international specialist healthcare company that is developing and commercialising products targeting critical care, cancer and other disorders. The current name was adopted when the British Technology Group changed its name on 27 May 1998. BTG was a constituent of the FTSE 250 Index until it was acquired by Boston Scientific in…
BT Group plc (formerly British Telecom)
BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, United Kingdom. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services. BT’s origins date back…