LONDON: Eastspring Investments, the Asian asset management business of Prudential plc, has signed an agreement to acquire 50.1 percent of Thanachart Fund Management Co., Ltd. (TFUND) from Thanachart Bank Public Company Ltd. (TBANK) and Government Savings Bank (GSB). Following this acquisition TBANK’s customers will have access to Eastspring’s world class investment solutions. The consideration for…
Macarthur Minerals to seek dual listing on Australian Securities Exchange
LONDON: Macarthur Minerals has today announced its intention to seek a dual listing on the Australian Securities Exchange (ASX) before the end of 2019. On 16 August 2019, Macarthur lodged an application with ASX regarding its suitability for proposed admission to the ASX Official List. On 24 September 2019, the Company received “in-principle” advice from…
Novatek and HMS Group sign memorandum on localizing fabrication of LNG equipment
MOSCOW: PAO NOVATEK and HMS Group signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical Equipment for LNG Production. The Memorandum notes the results already achieved on developing medium-tonnage compressor equipment. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the fabrication of compressors, pumps, and other equipment…
Keppel Land acquires commercial property in Shanghai’s Pudong District
SINGAPORE: Keppel Land China Limited has entered into a share sale and purchase agreement to acquire 100% equity interest of several wholly-owned subsidiaries of The9 Limited in China which collectively own Zhangjiang Micro-electronic Port Block #3, a completed commercial property in Pudong District, Shanghai, for an aggregate sum of RMB493 million. The transaction is expected…
Clive Whiley appointed chairman of Dignity Plc
LONDON: Dignity Plc announced that Clive Whiley has been appointed as a Non-Executive Director and Chairman of the Company with effect from 26th September 2019. Clive has over thirty five years’ experience in regulated strategic management positions since becoming a Member of the London Stock Exchange. He has extensive main board executive director experience across…
DGOC completes $7.7mn acquisition of natural gas gathering system
LONDON: Diversified Gas & Oil (DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, confirms that further to the announcement made by the Company on 27 August 2019, it has completed the purchase of two separate natural gas gathering systems in Pennsylvania and…
IQ-AI receives FDA clearance to market StoneChecker software
LONDON: Imaging Biometrics, IQ-AI’s Milwaukee based subsidiary, received notification that the FDA has cleared StoneChecker Software for marketing in the USA. David Smith, Chief Executive of the operating subsidiaries of IQ-AI stated, “We are delighted that after an exhaustive review of the product, that the FDA has cleared the product for marketing in the USA.”…
ADO Properties enters agreement to sell a residential portfolio in Berlin
BERLIN: ADO Properties announced the entering into of a share purchase agreement with Gewobag Wohnungsbau Aktiengesellschaft Berlin for the sale of 100% of the shares of certain subsidiaries owning 23 properties consisting in aggregate of approximately 5,800 residential apartment units. The sale price for the shares is EUR 920 million, less approximately EUR 340 million…
Saracen to acquire Sinclair Project for A$10 million
PERTH: Saracen Mineral Holdings has entered into a binding agreement which will see it acquire the Sinclair project from Talisman Mining for A$10 million. Sinclair is located 25 km south-west of Saracen’s Thunderbox project in the world-class Agnew-Wiluna greenstone belt. Sinclair includes a 207sqkm tenement package covering more than 80km of prospective ultramafic host rocks….
Contractor appointed for maiden drill program at Wild Horse Hill gold project
SYDNEY: Caprice Resources Limited has appointed drilling contractor to conduct the Company’s maiden drilling campaign across the Cook Prospect on the Company’s Wild Horse Hill Project in the Northern Territory. This initial drilling program will test the Cook Prospect with 10 RC drill holes, each drilled to a maximum depth of 150m, with scope for…
Calix accelerates US market entry with acquisition of IER
SYDNEY, AUSTRALIA: Multi-award-winning Australian technology company Calix Limited has entered into a binding agreement to acquire 100% of US-based Inland Environmental Resources (IER) and successfully completed a placement of $12 million to cover both the cost of the acquisition and additional capital for accelerating US market expansion. Calix has entered into a binding agreement to…
Springfield Properties enters into partnership with Sigma to deliver private rented homes
LONDON: Springfield Properties, a leading house builder in Scotland delivering private and affordable housing, has entered into a Collaboration Agreement with Sigma PRS Management Ltd, to deliver private rented homes in Scotland. This represents Springfield’s first partnership for the private rented sector (PRS) and is targeting the release of hundreds of homes over the coming…