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…
Beston Technologies signs MOU with Digimarc Corporation on technology business
ADELAIDE: Beston Global Food Company Limited has executed a Memorandum of Understanding (MOU) between its wholly owned subsidiary Beston Technologies Pty Ltd (BT) and Digimarc Corporation, to enable seamless e-commerce traceability, product authentication and anti-counterfeiting software-as -a-service (SaaS), thus creating a genuine “Food Trust” for consumers. Digimarc, a NASDAQ listed company, is a leading digital…
Saudi Aramco purchases 70% stake in Sabic for $69.1 billion
DUBAI: Saudi Arabian Oil Co (Saudi Aramco) has purchased 70 percent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF) for SAR 259.125 billion (US$ 69.1 billion), equating to SAR 123.39/share. Public Investment Fund (PIF) is the Sovereign Wealth Fund of Saudi Arabia. Following the receipt of all necessary regulatory clearances…
Rostelecom launches the $500mn next generation Transit Europe – Asia project
MOSCOW: Rostelecom PJSC, the largest integrated digital service provider in Russia, today announces that it has launched, a project to construct a new generation fiber-optic communication line connecting Russian western and eastern borders under a working title TEA NEXT. Total investment will amount to US$500 million within several years. In 2023-2024 Rostelecom plans to launch…
Corporación América Airports reports 98.1% decline in May 2020 passenger traffic across Latin America and Europe
LUXEMBOURG: Corporación América Airports S.A., the largest private sector airport operator in the world by number of airports, reported today a 98.1% decline year-over-year passenger traffic in May 2020. Total passenger traffic in May 2020 dropped 98.1% YoY, primarily reflecting continued travel restrictions imposed by governments, aiming to contain the spread of the COVID-19 pandemic,…
NanoString announces new products to advance COVID-19 disease research
SEATTLE: NanoString Technologies Inc, a leading provider of life science tools for discovery and translational research, announced the availability of new solutions to study the immune response in COVID-19 disease research. As part of an expanding portfolio of infectious disease research solutions, the nCounter Host Response Gene Expression Panel and COVID -19 Panel Plus spike-in…
David Lamont appointed Chief Financial Officer of BHP Group
LONDON: BHP Group Chief Executive Officer Mike Henry announced the appointment of David Lamont as Chief Financial Officer (CFO) of BHP, effective 1 December 2020. As CFO, Mr Lamont will also join BHP’s Executive Leadership Team. Mr Lamont has been the CFO of the ASX-listed global biotech company CSL Limited since January 2016. Prior to…
Altus and Graphex enter Gold JV and royalty agreement in Mali
LONDON: Altus Strategies Plc, the Africa focused project and royalty generator, announced Graphex Mining Limited has acquired the Joint Venture (JV) earn-in rights previously held by Glomin Services Ltd on the Company’s 100% owned Lakanfla and Tabakorole gold projects, located in western and southern Mali respectively. Steven Poulton, Chief Executive of Altus, commented: “We are…
TomCo Energy forms joint venture with Valkor to develop oil sands plant
LONDON: TomCo Energy plc has established a joint venture company, Greenfield Energy LLC with Valkor LLC to pursue the development of an oil sands plant. Valkor has entered into an agreement with Petroteq, which will be transferred to Greenfield, for Valkor to take over the management and operations of Petroteq’s existing oil sands plant at…