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…
Zelira to form partnership with Levin for a chronic pain study in retired athletes
PERTH: Zelira Therapeutics Ltd has entered into a non-binding Heads of Agreement with Melbourne-based medical cannabis company Levin Growing Pty Ltd to form a partnership to develop a novel cannabinoid-based treatment for sports-related chronic pain experienced by retired professional and amateur athletes. Studies show that retired athletes are more likely to suffer chronic pain and…
Centrepoint Alliance complete Xplan consulting group Enzumo acquisition
SYDNEY: Centrepoint Alliance Limited has completed the purchase of the Enzumo financial planning technology solutions business comprising Enzumo Corporation Pty Limited and Enzumo Consulting Pty Limited from Chant West Holdings Limited. An announcement was made to the Australian Securities Exchange (ASX) on 1 June 2020 that Centrepoint had entered a contract with Chant West Holdings…
RDG completes acquisition of assets in Western Australia
PERTH: Resource Development Group Limited (RDG) has completed the transaction with Mineral Resources Limited (MRL) acquiring 100% interest in manganese tenements, Ant Hill and Sunday Hill, both located in the Pilbara region of Western Australia, from MRL’s wholly owned subsidiary Auvex Resources Pty Ltd. In exchange, MRL has been issued with 1.897 million fully paid…
Aventus Group acquires adjoining development site Epping Home $11.5mn
SYDNEY: Aventus Group announced it has unconditionally exchanged on a 31,470 sqm development site adjoining Epping Home for $11.5 million from Kaufland Australia, with completion of the acquisition to occur in late July 2020. “Aventus is excited to have secured this site which adjoins our current Epping Home centre. Epping is one of the fastest…