TOKYO: SPARX Group Co., Ltd. announced that its Mirai Creation Fund-II has invested in VISITS Technologies, a supporter of innovation generation primarily through its patented technology, which it calls “Consensus Intelligence technology” (CI technology), an algorithm for achieving consensus. With this round of fundraising, the company plans to accelerate its business development and bolster the…
ST Engineering secures contracts worth $1.5bn for 2Q2019
SINGAPORE: Singapore Technologies Engineering Ltd (ST Engineering), a global technology, defence and engineering group has announced that its Aerospace and Electronics sectors have secured new contracts with a combined value of about $1.5 billion for the second quarter (2Q) of 2019. This is in addition to the $1.0 billion contract announced on 24 April for…
NSL OilChem opens S$40mn industrial wastewater treatment complex
The S$40 million wastewater treatment complex is the company’s second treatment plant and will have a capacity of 1,000 cubic meter per day – one of the largest in Singapore. “The NSL OilChem Waste Management’s industrial wastewater treatment complex will be an important facility in Singapore’s growing chemicals industry where there is demand for increasingly…
Sunpower secures RMB 30mn Manufacturing and Services tender
SINGAPORE: Sunpower Group Ltd., an environmental protection solutions specialist with a leading edge in anti-pollution investment projects, has won Manufacturing and Services (M&S) tender worth over RMB 30 million from new customer Fujian Gulei Petrochemical Co., Ltd. Fujian Gulei Petrochemical is a large-scale chemical company, a joint venture between Fujian Petrochemical Co, Ltd and a…
UDC signs agreement to finance development of Gewan Island
DOHA, QATAR: United Development Company (UDC), a leading Qatari shareholding company and the master developer of The Pearl-Qatar and Gewan Islands, has signed an agreement with Qatar National Bank (QNB) and The Commercial Bank to finance development of Gewan Island project with a credit ceiling of QR 1.25 trillion. The signing of this agreement comes…
Total will develop the LNG market in Benin
PARIS–(BUSINESS WIRE)– Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreement for the development of LNG market, which will include a Liquefied Natural Gas (LNG) import floating terminal and the supply of up to 0.5 million tonnes per annum (Mtpa) of…
redT Energy proposes merger with Avalon Battery
LONDON: redT energy plc, the energy storage company, is pleased to announce that it has agreed to outline terms for a proposed merger with Avalon Battery Corporation. The parties have signed a non-binding Memorandum of Understanding (MOU) and have plans for the injection of significant new funding as outlined further below. The merger, if approved…
Sberbank & Mail.ru to build food and transportation O2O
MOSCOW – Sberbank and Mail.ru Group plan to create a leading Russian O2O (online-to-offline) services platform focused on major consumer markets, the key areas of food and transportation. Sberbank and Mail.ru Group plan to invest up to RUB 64 billion in the JV on the condition that key performance indicators are achieved over the 12-month…
Intelligent Ultrasound collaborates with National Imaging Academy Wales
LONDON: Intelligent Ultrasound Group, the artificial intelligence (AI) based ultrasound software and simulation company, has entered into a collaboration with the National Imaging Academy Wales (NIAW) to develop artificial intelligence (AI) tools to aid ultrasound scanning and to enhance ultrasound education. Both located in South Wales, National Imaging Academy Wales and Intelligent Ultrasound share a…
Hikma and Richter sign agreement for cariprazine
LONDON: Hikma Pharmaceuticals, the multinational pharmaceutical company, and Gedeon Richter PLC announced the signing of an exclusive license agreement to commercialise cariprazine, a novel antipsychotic, in certain Middle East and North African (MENA) markets. Under the terms of the agreement, Richter will be responsible for product supply and Hikma will proceed with the registration and…
GoCo Group plc acquires energy savings service Look After My Bills
LONDON: GoCo Group plc has acquired This Is The Big Deal Limited (trading as Look After My Bills). Total consideration is comprised of £6.0 million upfront, financed through the Group’s existing resources, plus £2.5 million deferred consideration, plus up to a further £4.0 million performance based earn-out, leading to a maximum potential consideration of £12.5…
Bidco Limited agrees to buy Cobham Plc for £4.0 billion
LONDON: The boards of Bidco Limited and Cobham Plc have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Cobham by Bidco. The Acquisition is to be effected by means of a scheme of arrangement. The acquisition values the entire issued and…