LYSAKER: Axxis Geo Solutions ASA has announced the completion of both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q2. Since…
NetCents opens up Asian market with new advisor
VANCOUVER: NetCents Technology Inc., a disruptive crypto currency payments technologies company, has announced the addition of Wang Qin to its Advisory Board. Mr. Wang has 30-years of venture capital and private equity investment, executive management, and consulting experience in the broader information and technology industry as well as resource, energy, and cleantech industries, in China,…
Glenmark gets regulator’s approval to try Favipiravir on COVID-19 patients in India
MUMBAI: Glenmark Pharmaceuticals, a research-led pharmaceutical company, announced that it has received approval from the DCGI (Drug Controller General of India), the regulator in India to conduct clinical trials on Favipiravir Antiviral tablets on COVID-19 patients. The product is a generic version of Avigan of Fujifilm Toyama Chemical Co. Ltd., Japan, a subsidiary of Fujifilm…
TEHO EuROPE acquires warehouse in Netherlands for Euro 1.25mn
SINGAPORE: TEHO International Inc Ltd’s wholly-owned subsidiary TEHO EuROPE B.V. has entered into a purchase agreement to acquire a property located at Nikkelstraat 21 in Ridderkerk, the Netherlands from Indumat Vastgoed B.V. at a purchase consideration of EUR 1.25 million. The vendor, Indumat Vastgoed B.V., is a property developer and investment company incorporated in the…
Urban Logistics REIT acquires Crown Portfolio for £47.2 million
LONDON: Urban Logistics REIT has acquired seven properties (Crown Portfolio) for a total consideration of £47.2 million. The Crown Portfolio comprises seven properties which are being acquired for a consideration of £47.2 million, equivalent to a 7.0% NIY. The acquisition took place off market through the purchase of a Jersey unit trust from funds controlled…
Ben Loomes appointed new CEO John Laing Group
LONDON: John Laing Group plc announced the appointment of Ben Loomes as Chief Executive Officer (CEO) with effect from 8 May 2020. Following the announcement of his departure on 23 January 2020, Olivier Brousse will step down as CEO of the Company on 7 May 2020. Ben has c.20 years of experience in the infrastructure…
PCI Pal launches Rapid Remote
LONDON: PCI-PAL plc, the global provider of secure payment solutions, has announced the launch of a rapid deployment version of its payment services. PCI Pal Rapid Remote was developed specifically to solve the business continuity challenges many organisations now face due to the COVID-19 pandemic. Rapid Remote delivers secure and compliant payment services from PCI-PAL’s…
Rostelecom adds e-signature solution SIGN.ME to its digital ecosystem
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…