OSLO: ABG Sundal Collier (ABGSC), Andreas Birgersson, Per Nisses and Philip Söderqvist have formed a real estate investment company in a joint venture. The company is called ABG Fastena and will acquire and manage properties in Sweden and Finland on behalf of external investors. ABGSC will have an ownership of 50% in ABG Fastena AB….
David B. Cook becomes new CEO of Noreco
OSLO: The Board of Norwegian Energy Company ASA (Noreco) announced the appointment of David B. Cook as the new Chief Executive Officer of Noreco with effect from 1 July 2020. Mr. Cook is an experienced executive with a successful track record from executive roles in the oil & gas industry. He most recently comes from…
Shell Pakistan’s quarter results impacted during pandemic
ISLAMABAD: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the first quarter results for the company on 20th May. The company posted an after tax loss of PKR 4,332 million compared to the profit of PKR 257 million made in the same period last year. The quarter has been greatly affected by the…
THC KISS ships to recreational market this week
VANCOUVER: THC BioMed Intl Ltd. will begin this week to ship its ready-to-drink Cannabis Beverage Shot, THC KISS, to the legal adult recreational cannabis market. Each 30ml bottle of THC Kiss contains 10 mg of THC. THC BioMed’s first shipment of THC Kiss will head to Saskatchewan, with shipments to B.C. and Ontario currently undergoing…
FansUnite Entertainment announces McBookie Ltd acquisition
VANCOUVER: FansUnite Entertainment Inc. announced the acquisition of McBookie Ltd., a leading provider of regulated betting services in the United Kingdom. Total consideration for the acquisition of McBookie was $2.2M CAD. This included approximately $500k in cash on the closing of the acquisition, a $500k (£300k) note payable, due within 12 months of the close…
FDA consultant Anita Nosratieh joins Izotropic Advisory Board
VANCOUVER: Izotropic Corporation announced Anita Nosratieh Ph.D., as a new member of the Company’s Advisory Board. Nosratieh began her career as a lead reviewer at the Food and Drug Administration (FDA), Center for Devices and Radiological Health (CDRH) where she worked with companies seeking approval of breast cancer screening and diagnostic devices. As lead reviewer,…
Nomura to book JPY70 billion pretax income in Q1 of FY2020/21
TOKYO: In April, Nomura Holdings Inc. announced plans to relocate some of its Japan offices in accordance with the scheduled redevelopment of the Nihonbashi district in Tokyo. In line with the redevelopment, Nomura has obtained the right to real estate (reserved floor space) in the completed project in exchange for rights to the assets it…
Jersey Oil and Gas completes acquisition of Equinor UK’s interest in Licence P2170
LONDON: Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (UKCS) region of the North Sea, has completed the transaction to acquire operatorship of and a 70% working interest in Licence P2170 (Blocks 20/5b and 21/1d) from Equinor UK Ltd. The consideration for the acquisition consists of…
Bango expands presence in three continents with new Google Play launches
CAMBRIDGE: Bango Plc, the mobile commerce company, has launched carrier billing routes in the Google Play store for new operators in Asia, Latin America and Africa. Millions of customers in Peru, Hong Kong and South Africa can now pay for the massive array of content and services in Google Play, charging the cost to their…
Lenovo delivers robust revenue and all-time record pre-tax income for FY19/20
HONG KONG: Lenovo Group announced robust results for its full fiscal year and Q4, demonstrating the company’s position of strength amid unprecedented global transformation. Despite a fiscal year full of macro-economic and industry challenges, the company delivered full-year revenue exceeding US$50 billion (US$50.7 billion) for the second consecutive year. Profitability remained a strength, with historical…
LH Botanicals increases capacity in response to consumer demand
LONDON: World High Life’s wholly owned subsidiary, Love Hemp Ltd has increased capacity for its LH Botanicals business with new machinery and technology to meet growing demand. Established by the founders of Love Hemp, Tony Calamita and Thomas Rowland, the London-headquartered company, LH Botanicals provides a complete range of CBD products for wholesale, bulk and…
Xpeng Motors receives production license for Zhaoqing Factory
GUANGZHOU: Xpeng Motors, a leading electric vehicle and technology company, has received the official production license from China’s Ministry of Industry and Information Technology for its new own-built, wholly-owned factory, the Zhaoqing Xpeng Motors Intelligent Industrial Park in Guangdong Province. The approval will accelerate the production of the super-long range sports sedan Xpeng P7, the…