KARACHI: Shell Pakistan Limited is collaborating with Pakistan’s highly trusted automobile website, PakWheels.com to launch an exclusive portal. PakWheels is a website that provides information regarding vehicles; and has over the years won the trust of their visitors and established a good readership. Through this alliance , Shell Pakistan and PakWheels will provide a holistic…
EUKOR Car Carriers renews Hyundai Motor Group contract
OSLO, NORWAY: EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, has renewed its contract with Hyundai Motor Group (HMG), maintaining a 40% volume share on existing rates. “The agreement confirms EUKOR Car Carriers’ strong position in Korea and is a proof of quality delivered under the existing contract,” says Craig Jasienski, CEO Wallenius Wilhelmsen….
XTD Limited completes acquisition of Adline Media Pty Ltd
PERTH, AUSTRALIA: XTD Limited, a service provider to out-of-Home advertising, has completed its acquisition of diversified media and marketing company Adline Media Pty Ltd. With the closing of the transaction, the Adline business will be integrated into XTD From January 2, 2020. XTD Chief Executive Officer, Adam Cadwallader, said the completion was the beginning of…
GrainCorp completes sale of Australian Bulk Liquid Terminals
SYDNEY, AUSTRALIA: GrainCorp Limited announced that the $333 million sale of its Australian Bulk Liquid Terminals business to ANZ Terminals Pty Ltd has completed. The sale includes 6 bulk liquid storage facilities but, as GrainCorp announced on 15 November 2019, excludes GrainCorp’s Port Kembla Liquid Terminal (NSW) to address potential competition concerns the ACCC had…
CLS Holdings sells 19 regional offices in UK for £65 million
LONDON, UK: CLS Holdings has sold a portfolio of 19 regional offices in the UK for an aggregate cash consideration of £65 million to Elite Capital Partners – a Singaporean investment firm. The offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset…
PIA implementing full scale electronic payment services
KARACHI, PAKISTAN: As a part of strategizing its position in the niche markets, and to opt for the latest technological platforms, Pakistan International Airlines (PIA) is implementing electronic payment services along with fraud prevention solution for booking, reservations and for future services offered by the airline through credit/debit cards, net banking, cash cards and immediate…
Elkem acquires Chinese silicone elastomer & resins company Polysil for RMB 941mn
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…