SYDNEY: InvoCare Limited has entered into two separate sales agreements to acquire the business and assets of Batemans Bay & Moruya District Funerals and Broulee Memorial Gardens located on the South Coast of NSW. The proposed acquisition is anticipated to complete by the end of November 2019. Batemans Bay & Moruya District Funerals (BBMDF) operates…
SER completes drilling at Saxby Gold Project
SYDNEY: Strategic Energy Resources (SER) announce that drilling has been completed at the Saxby Gold Project in Queensland. Vertical rotary-mud / diamond drill hole SXDD020 reached a final depth of 718.63m on 9 November 2019. SXDD020 did not deviate significantly in inclination. SER will sample 95m of core from SXDD020 which will be sent for…
iCar Asia completes acquisition of Carmudi Indonesia
KUALA LAMPUR: iCar Asia Limited, owner of ASEAN’s number 1 network of automotive portals, signed the long form documents and deed of shares transfer for the acquisition of 100% interest in Carmudi Indonesia. With the signing of these documents, the acquisition is deemed completed and iCar Asia will now proceed to the next steps of…
OnTheMarket Plc signs listing agreement with Persimmon Plc
LONDON: OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has signed a listing agreement with Persimmon Plc, one of the UK’s leading house builders, a press release issued to London Stock Exchange said. Under the agreement, which covers listing and additional advertising products, Persimmon Plc will list all its residential developments at…
Symphony International makes investment in Smarten Spaces
LONDON: Symphony International Holdings Limited, through a wholly-owned subsidiary, entered into a transaction for an investment in Smarten Spaces Pte. Ltd. (SSPL). SSPL is a Singapore based SaaS (Software-as-a-Service) company that provides software solutions for space management in commercial and industrial properties. SSPL has developed a platform with over thirty microservices that clients select from,…
UKOG completes HH-2z horizontal drilling
LONDON: UK Oil & Gas PLC (UKOG) has announced the successful completion of its Horse Hill-2z (HH-2z) Portland horizontal drilling campaign. A total of approximately 2,500 ft of horizontal trajectory was drilled wholly within the Portland reservoir’s most oil productive zone or “sweet spot”, around 70 times greater exposure to the sweet-spot than seen in…
European insurers and illiquid assets — an upwards trajectory
LONDON: In what could be a pivotal development for the insurance industry, insurers have encountered a range of influences that have raised the profile of illiquid assets on their balance sheets. In this context, AM Best recently surveyed Europe-based insurers managing approximately EUR 4 trillion of financial investments, loans and real estate. A new Best’s…
S&P affirms ‘BB+’ ratings on Home Appliances Group Arcelik with negative outlook
PARIS: S&P Global Ratings has affirmed ‘BB+’ ratings on Home Appliances Group Arcelik A.S and on the company’s senior unsecured debt, based on the view that the company can withstand a sovereign stress scenario. The negative outlook reflects the view that weak consumer demand in Turkey and foreign currency exchange volatility might pressure credit metrics…
Construction of 900MW RLNG based power project to start next month
KARACHI, PAKISTAN: The construction of K-Electric’s $650 million 900MW RLNG-based Bin Qasim Power Station (BQPS)-III will commence in December. The project has received all required approvals and is part of KE’s planned initiatives resulting in investments of around US$3 billion across the power value chain over the next few years. The project was conceived in…
Emerge Gaming signs billing and distribution agreement with Mondia Media
SYDNEY: Emerge Gaming Limited, the operator of online eSports and casual gaming tournament platform and lifestyle hub “ArcadeX”, has signed a billing and distribution agreement for ArcadeX with Mondia Media MENA Getmo Arabia FZ-LLC, a leader in the global B2B digital entertainment market. Agreement with Mondia is a direct carrier billing (DCB) Aggregator who provide…
Tempus Resources completes due diligence on the acquisition of Blackdome-Elizabeth Gold Project
PERTH: Tempus Resources has announced successful completion of due diligence on the acquisition of the high-grade, past producing Blackdome-Elizabeth Gold Project located in British Columbia, Canada. Legal firm Gowling WLG (Canada) LLP and technical specialists SRK Consulting have assisted with detailed due diligence on the acquisition and letter of intent, which has now been completed…
Firefly launches online strategy game Terminator: Dark Fate
SYDNEY: MSM Corporation International Limited notified that Firefly Games Inc, a strategic partner forged through the Company’s investment in The Riva Group, has successfully completed its global launch of Terminator: Dark Fate. It is the official, free to play, real time strategy war game based upon the 2019 feature film and is available worldwide on…