OSLO, NORWAY: Norwegian Air Shuttle announced that due to customer demand the airline will reopen 76 routes from 1 July, 2020. The network will include both domestic routes and flights to other European countries. The re-opening of flights is the result of recent increased demand from customers and is also in line with other airlines…
Biotec Pharmacon changes name to ArcticZymes Technologies
TROMSØ: Biotec Pharmacon announced it has officially rebranded to ArcticZymes Technologies. As previously announced and decided by the Annual General Meeting, Biotec Pharmacon ASA has formally changed its name to ArcticZymes Technologies ASA. The new name is formally registered with Brønnøysundregistrene and will trade under the new ticker “AZT” over the next days. The company…
Investcorp’s Calligo Limited acquires Itomic Voice & Data Ltd
BAHRAIN: Investcorp’s portfolio company Calligo Limited, the world’s first end-to-end managed data services provider, has acquired Itomic Voice & Data Ltd. Itomic is a Cork and Dublin-based IT managed services provider, specializing in IT solutions and maintenance and managed Microsoft 365 and Azure services. Founded in 2012, Jersey-based Calligo puts data and its privacy at…
Sungas Holding contemplates sale of shares in Avance Gas Holding
OSLO: Arctic Securities AS has been engaged by Sungas Holding Ltd. to explore the sale of up to 3.0 million existing shares in Avance Gas Holding Ltd., representing approximately 4.65 percent of the share capital and voting rights in the Company. The Transaction is to be conducted by way of an accelerated bookbuilding process. The…
AusGroup awarded multi-year integrated services contract with WesCEF
SINGAPORE: AusGroup Limited announced that subsidiary AGC Industries (AGC) has been awarded an integrated services contract as part of the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF) maintenance panel to provide services to its CSBP and Kleenheat businesses. The multi-disciplinary services contract is for an initial three-year term with two one-year extension options, covering multiple locations…
China Everbright Water issues first asset-backed securities worth RMB 300mn
HONG KONG: China Everbright Water Limited, an environmental protection company focusing on water environment management, has issued asset-backed securities (ABS) to qualified investors in the mainland China with a size of issue of RMB 300 million. In relation to the ABS issuance, Everbright Water’s wholly-owned subsidiary Everbright Water (Shenzhen) Limited is the original beneficiary, and…
SSI and SGX partner to enhance the financial literacy of Team Singapore athletes
SINGAPORE: Since the outbreak of COVID-19, Team Singapore athletes have been adapting their training at home and exploring different ways to learn new skills to maintain their competitive edge and readiness, whether in sports or in life. As part of continuous learning for the athletes to build all-rounded competencies, Singapore Sport Institute (SSI) and Singapore…
Global e-commerce platform, Achasoda.com launched in Pakistan
KARACHI: “Achasoda.com established the first international website that will help in providing a platform for the B2B (Business-to-Business) match-making between manufacturing and processing industries in China, Pakistan and across the globe,” said the CEO of Achasoda.com, Mr. Bao Yang. “The new E-commerce website is aimed to facilitate online buying and selling of equipment, products and technologies form China, Pakistan…
AM Best assigns credit ratings to members of Oxford Insurance Companies
OLDWICK: Insurance sector rating agency AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Oxford Insurance Company LLC (Wilmington, DE) and its affiliates: Oxford Insurance Company NC LLC (Wilmington, DE), Oxford Insurance Company TN LLC (Nashville, TN), and First Community Bankers Insurance Company, LLC…
Americold Realty Trust to expand infrastructure network in New Zealand
ATLANTA: Americold Realty Trust, the world’s largest publicly traded REIT, announced that as stated in its fourth quarter 2019 earnings call, the Company intends to invest approximately $65 million NZD in a planned expansion of its Dalgety site in Auckland, New Zealand. “We are excited to move forward on this opportunity to grow with our…
Steel Connect names Fawaz Khalil President and CEO of ModusLink Corporation
WALTHAM: Steel Connect Inc. announced the appointment of Fawaz Khalil as the President and Chief Executive Officer of ModusLink, succeeding John Whitenack. Khalil joins ModusLink with an extensive background in growing and managing businesses. He has most recently been a Lean Management consultant. Previously, Khalil was President and CEO at Halco Lighting Technologies, and President…
Ford to Provide ‘Look’ at All-New F-150 During Citi Conference Call
DEARBORN: The all-new Ford F-150 will be detailed by company leaders during a June 26 conference call with Citi Research. The call, hosted by Citi’s Itay Michaeli following the global reveal of the all-new F-150 on June 25, will feature: Ford Truck Group Marketing Manager, Todd Eckert; F-150 Chief Engineer, Craig Schmatz; Ford Executive Director…