SINGAPORE: Frasers Property Limited announced that Christopher Tang, Frasers Property Singapore Chief Executive Officer (CEO), who will turn 60 next year, will retire as CEO on 31 December 2019. The Company also announced a key leadership appointment and evolution of its Singapore business organisation as part of its planned leadership changes to ensure a smooth…
Spackman Entertainment’s new film Crazy Romance to debut in 22 countries
SINGAPORE: Spackman Entertainment Group Limited has announced that the Group’s new film, Crazy Romance, a romantic comedy film produced by the Group’s indirect wholly-owned subsidiary, Zip Cinema, is expected to debut in 22 countries including Singapore, Malaysia, Vietnam, Cambodia, Taiwan, Philippines, Hong Kong, Macau, Australia and New Zealand. Ranked as the best romance film of…
Dentsu acquires overseas media rights
TOKYO: Dentsu Inc. announced that in an effort to further contribute to its expertise in the sports marketing business it has acquired the overseas media rights, excluding Japan and China, of MEIJI YASUDA J1 League from 2020 to 2022. Dentsu has been appointed by the Japan Professional Football League (J.League) as “J.League Marketing Partner” in…
Azerbaijan Airline in talks with PIA to start direct flights between two countries
KARACHI: The Azerbaijan Airline is in talks with Pakistan International Airlines (PIA) to start direct flights between Karachi to Baku and Lahore to Baku, Florian Sengstschmid CEO of Azerbaijan Tourism Board said. “The direct flights between two countries are likely to start next summer,” Florian said adding the direct flights would give a boost to…
Unite disposes of two assets for £96 million
LONDON: Unite Students, one of the UK’s leading owners, managers and developers of student accommodation, announced the disposal of two wholly owned properties in Coventry, comprising 1,127 beds for £96 million. The properties are being sold to Mapletree Investments Pte Ltd and have both now exchanged and completed. The purchase price is in line with…
Signature Fabrics acquires Milano International Limited
LONDON: CEPS Plc’s subsidiary company, Signature Fabrics Limited has acquired 90 percent of the issued share capital of a newly incorporated company, Milano International Holdings Limited, which has been formed to acquire 100 percent of the issued share capital of Milano International Limited, trading as Milano Pro Sport, for a consideration of £1.85 million. The…
NMCN signs agreement to acquire Lintott Control Systems
LONDON: NMCN Plc has entered into a sale and purchase agreement (SPA) to purchase the entire issued share capital of Lintott Environmental Technologies Limited, which has a wholly owned subsidiary called Lintott Control Systems Limited for a total consideration of up to £3.76 million subject to a three year earn out. Lintott Control Systems is…
World’s smallest & lightest eBike kit launched
LONDON – ACCESSWIRE: London based tech-startup Swytch Technology has today (Monday 7th October) launched the world’s smallest and lightest eBike conversion kit, as demand for eco-friendly travel increases and more people are looking for affordable and sustainable alternatives to conventional transport. The Swytch Kit transforms any bicycle into a premium quality eBike. It consists of…
Sensyne Health enters into research collaboration with UK MHRA
OXFORD: Sensyne Health plc, the British clinical AI technology company, announced it has entered into a formal research agreement with the UK MHRA (Medicines and Healthcare products Regulatory Agency) to contribute to the development of methods to validate software algorithms used in digital health. Lord (Paul) Drayson, CEO of Sensyne Health, said: “New techniques using…
Bank of Cyprus completes sale of investment in CNP Cyprus Insurance
NICOSIA: Bank of Cyprus Holdings Public Limited Company (BOC) has announced the completion of the sale of its entire shareholding of 49.9% in its associate CNP Cyprus Insurance Holdings Ltd to CNP Assurances S.A. who owns the remaining 50.1%, following the receipt of the necessary regulatory approval. The sale consideration of €97.5 million was received…
QSE promotes sustainability and & ESG disclosure among listed companies
DOHA: Qatar Stock Exchange (QSE), in cooperation with MSCI, held a senior level sustainability and ESG engagement session, titled MSCI Qatar ESG & Climate Change Forum in Qatar, with the aim to promote the business case for ESG and sustainability, outline QSE’s sustainability action plan to attract responsible investors, provide an overview of global investor…
AM Best affirms credit ratings of BF&M Group
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of BF&M Life Insurance Company Limited (BF&M Life), BF&M General Insurance Company Limited (BF&M General) and Island Heritage Insurance Company. Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the…