SINGAPORE: Singapore Exchange Regulation (SGX RegCo) has entered into a memorandum of understanding (MOU) with Singapore Institute of Surveyors and Valuers (SISV) to enhance standards of valuations of real estate and land, a news release said. Under the terms of the MOU, SGX RegCo may seek SISV’s advice on any concerns about property valuation reports…
First Dubai International VAPE EXPO scheduled for March 2020
DUBAI –Knowledge Bylanes — Vape expo organizer Way Joy today announced that the first Dubai International VAPE EXPO has been scheduled for March 18 to 20, 2020, and will be held at Festival Arena By InterContinental, Al Badiya, Dubai Festival City. The EXPO will be special for business groups on March 18 and 19, and…
LSE launches Global Equity Segment for trading in international securities
LONDON: London Stock Exchange Group (LSEG) today announced the launch of the Global Equity Segment (GES) on London Stock Exchange plc, following the completion of its first trade, a press release said. The Global Equity Segment will offer trading in 95 international securities including US blue chips and Chinese ADRs on the MTF (MIC code…
CLS Holdings completes acquisition of Pacific House in Reading
LONDON, UK: CLS Holdings announces that it has completed the acquisition of Pacific House in Reading, a 57,086 sq. ft (5,303 sqm) multi-let office building, for £14.9 million excluding costs. The acquisition has a net initial yield of 7.3%. The building, which is located to the south of Reading, is 92% let to 7 tenants…
Thor Mining commences drilling at the Bonya tungsten deposits
LONDON: The Board of Thor Mining Plc has announce commencement of the second drilling program at the Bonya tungsten deposits adjacent to its key 100%-owned Molyhil tungsten and molybdenum project, in the Northern Territory of Australia. The Bonya project is held in joint venture with Arafura Resources Limited, with both parties contributing to the cost…
Imperial College London upgrades to Vicon’s solutions
LONDON: Oxford Metrics plc the international software company servicing government, life sciences, entertainment and engineering markets announced that Vicon, a world leader in motion measurement, has signed a contract with Imperial College London, a global top ten university, to upgrade to both its flagship Vantage solution and flexible Vero solution. The Human Performance Group, part…
KEFI Congratulates Abiy Ahmed
LONDON: KEFI Minerals, the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has congratulated the Ethiopian Prime Minster, His Excellency Abiy Ahmed, on being awarded the Nobel Peace Prize and this recognition of the profound and progressive advances on many fronts that have…
Neptune Energy acquires North Sea assets from Energean for $250mn
LONDON: Neptune Energy has entered into a conditional Sale and Purchase Agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250 million. The purchase is contingent on Energean completing its proposed acquisition of Edison E&P. The transaction is subject to…
Sistema completes merger of OBL Pharm and Binnopharm
MOSCOW: Sistema PJSFC, a publicly traded diversified Russian holding company, announces the completion of the merger of pharmaceutical assets JSC Pharmaceutical Enterprise Obolenskoe (OBL Pharm) and JSC Binnopharm. The merged company will operate under the brand Alium. As a result of Sistema’s participation in an additional issue of OBL Pharm shares, Sistema’s effective stake in…
Shell Pakistan introduces aluminum tank lorries
KARACHI: Shell Pakistan Limited is dedicated to improving industry standards, setting benchmarks and bringing innovation to Pakistan’s energy industry. Shell Pakistan recently inducted aluminum tank lorries for their dedicated Haulier fleet for the distribution of fuel across Pakistan’s improved road network to Shell’s customers. The new aluminum tank lorries enhance efficiency by allowing higher volumes…
Tufton Oceanic makes $8.75m investment in one containership
LONDON: The Board of Tufton Oceanic Assets Limited announced that the Company has agreed to acquire a Containership for $8.75 million. This acquisition will take the Company’s fleet to seventeen vessels. The vessel is time chartered to part of a major, investment grade, container shipping group for at least three years. The forecasted yield exceeds…
Avacta signs collaboration and option agreement with ADC Therapeutics
LONDON: Avacta Group plc, a biotechnology company developing novel cancer immunotherapies based on its proprietary Affimer platform, has entered a collaboration and option agreement with ADC Therapeutics SA (Lausanne, CH), a clinical-stage oncology-focused biotechnology company pioneering the development of highly potent and targeted antibody-drug conjugates for patients suffering from haematological malignancies and solid tumors. The…