SINGAPORE: S&P Global Ratings affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Korea. The outlook is stable, which reflects expectation that geopolitical risks in the Korean peninsula will not escalate to the point of hurting Korea’s economic fundamentals over the next two years. Beyond the outlook horizon, Korea’s economic…
Induction healthcare acquires Horizon Strategic Partners for £2.5 million
LONDON: Induction Healthcare Group PLC has acquired Horizon Strategic Partners Limited. Under the terms of the acquisition, the Group will purchase Horizon for a total consideration of up to £2.5 million, comprising an initial payment of £1 million and deferred contingent consideration of up to £1.5 million which can be settled for cash and Induction…
Vilma appointed CEO of Maxima International Sourcing
LONDON: Vilma Drulien becomes the CEO of the Maxima Grup’s subsidiary MAXIMA International Sourcing. Being a member of the company’s board, Vilma Drulien will also continue to serve as a Chief Commercial Officer and a member of the board at Maxima LT. The new CEO of MAXIMA International Sourcing replaces Gintaras Jasinskas, who managed the…
Etalon completes Schastye v Lianozovo residential complex
MOSCOW: Etalon Group Plc has completed the Schastye v Lianozovo residential complex in the north of Moscow. The project has a total NSA of 8 ths sqm, including 6 ths sqm of residential area. Etalon is one of Russia’s largest and longest-established development and construction companies. Schastye v Lianozovo is a modern comfort-class building with…
Oakum Cannabis plants first crops using RotoGro Systems
MELBOURNE: Oakum Cannabis Corporation has planted its first cannabis crops using RotoGro’s Rotational Hydroponic Garden Systems. Oakum was recently awarded its Health Canada cultivation license and commenced planting its first cannabis crops using the RotoGro Systems. Oakum is extremely excited to begin its commercial operations with the RotoGro Systems to achieve industry-leading results in both…
Raife Watson appointed CEO of Nvoi
SYDNEY: Nvoi Limited has announced the appointment of Raife Watson as Chief Executive Officer. This appointment follows the Company’s recent announcement of its new growth strategy and strategic partnership with CareerOne. Raife will lead Nvoi in this new direction, bringing together his deep industry experience and key employer networks to launch and grow its business….
Cellmid’s Advangen signs trading agreement with Priceline
SYDNEY: Cellmid Limited’s wholly owned subsidiary, Advangen International Pty Ltd has entered into a national trading agreement with API for the ranging of its évolis Professional anti-aging hair care products in approximately 400 Priceline Pharmacy stores around Australia. The products are expected to be available in stores from November 2019. The agreement is expected to…
Bass Oil commences production from Bunian Field
SYDNEY: Australia’s Bass Oil Limited has announce that the Bunian 5 well has commenced production testing from the TRM 3 sandstone, one of the two productive oil reservoirs in the well. The well averaged 1128 barrels of oil per day with a two percent water cut. Production was recorded on a fully open choke with…
Ambertech Limited to acquire Audio Visual Division of Hills Limited
SYDNEY, AUSTRALIA: Ambertech Limited has reached an agreement to acquire the Audio Visual (AV) Distribution business of Hills Limited. The acquisition, which is subject to certain conditions and final approval by Ambertech shareholders, is expected to complete in mid December 2019 and includes the Hills AV businesses in Australia and New Zealand. Under the agreement…
10 well appraisal program commences in Cooper Basin
SYDENY: Cooper Energy has announced a 10 well appraisal program by the PEL 92 joint venture commenced with the spudding of Callawonga-22 on November 5, 2019. Callawonga-22 is the firstof4appraisal wells to be drilled at the Callawongaoil field, to be followed by 4 wells at the Butlers oil field and 2 wells at the Rincon…
South32 sells interest in South Africa Energy Coal
PERTH: South32 Limited has entered into a binding conditional agreement for the sale of 91.835% shareholding in South32 SA Coal Holdings Proprietary Limited (South Africa Energy Coal, SAEC) to a wholly-owned subsidiary of Seriti Resources Holdings Proprietary Limited (Seriti) and two trusts which will acquire and hold equity on behalf of employees and communities. Subject…
Solstad enters new contract with Equinor
SKUDENESHAVN: Solstad Offshore ASA has entered into a new contract with Equinor for the hire of anchor handling vessel (AHTS) Normand Ferking. The duration of the contract is 1 year firm, and in addition Equinor has the option to extend with further 2x 1 year. Commencement is in direct continuation of current charter, thus the…