CAMBRIDGE: IQGeo Group plc has announced a new contract with one of Japan’s largest power providers. In September, Eastern Japan was hit by category 4 Typhoon Faxai, which resulted in power failure for over 640,000 homes. This customer worked with IQGeo, and its partner NESIC, to implement its geospatial platform. IQGeo’s mobile-first architecture enabled real…
Innovent and Hutchison China expand global collaboration
SUZHOU, CHINA: Innovent Biologics, Inc. and Hutchison China MediTech Limited announced the expansion of their global collaboration agreement to evaluate the safety and efficacy of Innovent’s Tyvyt® (sintilimab injection), a fully human anti-programmed cell death protein 1 (anti-PD-1) monoclonal antibody, in combination with Chi-Med’s surufatinib, a novel inhibitor of vascular endothelial growth factor receptor (VEGFR),…
Tata Motors’s global wholesales decline 27% in September 2019
MUMBAI: Tata Motors Group global wholesales in September 2019, including Jaguar Land Rover, were 89,912 units lower by 27%, as compared to September 2018. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in September 2019 were at 28,524 units, lower by 45%, over September 2018. Global wholesales of all passenger vehicles…
Deyaar completes Mont Rose project
DUBAI: Deyaar Development PJSC, one of Dubai’s largest property development and real estate services companies, and Millennium Hotels & Resorts, one of the fastest-growing hotel management companies in the region, announced that the project work of Millennium Executive Apartments Mont Rose is now completed and expected to be operational this October. Part of the three-tower…
AM Best affirms ratings of National Teachers Associates Life Insurance Company
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of National Teachers Associates Life Insurance Company and its affiliated entity, NTA Life Insurance Company of New York. Both companies are ultimately owned by Horace Mann Educators Corporation, and are collectively referred to as NTA…
LXi REIT announces acquisitions worth £23 million
LONDON: The Board of Directors of LXi REIT, the specialist inflation-protected long income REIT, announced long-let, index-linked acquisitions for a combined total investment of approximately £23 million. These Acquisitions are being funded by the Company’s new Revolving Credit Facility (RCF), announced on 22 July 2019. The Company is also in solicitors’ hands on additional acquisitions…
Pressure Technologies wins contract to supply nitrogen storage solutions to EDF Energy
LONDON: Pressure Technologies, the specialist engineering group, announced that its wholly owned subsidiary, Sheffield based Chesterfield Special Cylinders Limited (CSC), has secured a significant contract in excess of £3 million to supply nitrogen storage solutions to EDF Energy for its UK nuclear power plants at Heysham, Torness and Hartlepool. This design and supply contract comprises…
Frasers Property announces planned leadership changes for Singapore
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…