OSLO: Elkem ASA has entered into an agreement to acquire 100% shares in Polysil, a leading Chinese silicone elastomer and resins material manufacturer providing a solid platform for further specialisation and growth in China and globally. The companies have agreed an enterprise value for Polysil of up to RMB 941 million, including potential bonus and…
Allied Wallet China hits 200mn eWallet users worldwide
BEIJING–(BUSINESS WIRE)–Allied Wallet China, an Asia-based division of Allied Wallet providing online payment processing, and Founder Andy Khawaja recently celebrated reaching over 200 million eWallet users for their digital wallet e-commerce solution. Allied Wallet China and its merchants saw a busy holiday season with a 27% increase in sales, and many users around the world…
Thakral adds Umeda Pacific Building to its portfolio of properties in Osaka, Japan
SINGAPORE: Thakral Corporation’s recently incorporated subsidiary, Thakral Umeda Properties Pte. Ltd. has added the Umeda Pacific Building, an 11-storey office building, to its portfolio of properties in Osaka, Japan. The building has a gross floor area of 9,179 sqm and net rentable area of 6,359 sqm. The fully-tenanted property is prominently and strategically located along…
Salmart to sell micro sourcing business for $100 million
SYDNEY, AUSTRALIA: Salmat Limited has entered into an agreement to sell the Micro Sourcing (Managed Services) business for $100 million to Probe BPO Holdings Pty Ltd. This transaction will take place by way of a share sale. The sale is subject to, among other things, shareholder approval and Philippines regulatory approval. A Notice of Meeting…
Pro Medicus signs 5-year platform deal with Palo Alto based Nines
MELBOURNE: Pro Medicus Limited’s wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a 5-year, multi-million dollar contract with Palo Alto based Nines. Nines is co-founded by CEO David Stavens PhD, a highly respected Silicon Valley inventor/entrepreneur, and CMO Alexander Kagen, MD the Site Chair of Radiology at Mount Sinai’s West and St. Luke’s Hospitals in…
CyanConnode gets order for smart metering solution in Thailand
LONDON: CyanConnode Holdings has announced an order in Thailand, a new territory, for 33,000 units from its Distributor and Technology Partner, The JST Group. The end customer is Metropolitan Electricity Authority (MEA), a Thai state enterprise under the Ministry of Interior. The Company has worked closely with JST and its partner Forth Corporation Public Company…
FCPT buys BJ’s Restaurant property for $4.2 million
MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties announced the acquisition of a corporate-operated BJ’s Restaurant and Brewhouse property for $4.2 million. The property is located in Arkansas and is occupied under a triple-net lease by BJ’s Restaurants, Inc. with approximately…
FCPT acquires seven Chili’s Restaurant properties for $28.7 million
MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties, acquired seven corporate-operated Chili’s restaurant properties for $28.7 million. The properties are located in Colorado, Louisiana, Mississippi, Oklahoma, and Texas, and are occupied under triple-net leases with approximately 14 years of term remaining…
Nestlé Pakistan to recycle 220 tons of plastic waste
LAHORE: Nestlé Pakistan, District Council Hunza, Gilgit Baltistan Waste Management Company (GBWMC) and Karakoram Area Development Organization (KADO) have signed an MoU for “Clean Hunza Project”. The project is supported by the company’s Nestlé Fruita Vitals and Nestlé Pure Life brands. “Clean Hunza Project” shall focus on infrastructure development for a waste segregation, management and…
Sovcombank to acquire Liberty Insurance
MOSCOW: Sovcombank and Liberty Mutual Group have entered into a definitive agreement whereby Sovcombank will acquire Liberty Insurance PJSC, a Russian subsidiary of Liberty Mutual. Boston-based LMHC, the parent corporation of the Liberty Mutual Insurance group of entities, is a diversified global insurer and third largest property and casualty insurer in the U.S. based on…
PetroTal signs oil sales contract with PETROPERU
CALGARY: PetroTal Corp., the Peruvian focused E&P company, announced an oil sales agreement with PETROPERU S.A., a state owned company, for oil production from the Bretaña oil field, operated 100% by PetroTal. Given the Company’s increased oil production from the Bretaña oil field in Peru, the oil sales agreement enables PetroTal to ship all oil…
Halo Labs to acquire Canmart Limited in UK for CAD 6 million
TORONTO–(BUSINESS WIRE)–Halo Labs Inc. has entered into a binding Letter of Intent (LOI) to acquire all of the common shares of Canmart Limited in the United Kingdom (UK). The total transaction size of the Canmart acquisition is anticipated to be C$6 million, payable in Halo common shares and at a deemed price of C$0.35 per…