SINGAPORE: Frasers Property Retail is introducing a Tenant Support Package across Frasers Property Group’s combined retail portfolio of 14 malls in Singapore, which includes retail properties held under Frasers Centrepoint Trust as well as retail properties managed by Asia Malls Management. The relief measures are aimed at helping tenants overcome the business impact of COVID-19…
Axactor enters agreement with Resurs Bank in Norway
OSLO: Axactor SE has extended an existing agreement with Resurs Bank in Norway, the agreement now includes the banks “yA” brand, for both cards and loans. The loans will be purely acquisition, but the cards will include a solution rate guarantee where the first 90 days is effectively a 3PC servicing agreement, followed by acquisition….
MGC Pharma signs commercial supply deal for first products into Poland
PERTH, AUSTRALIA: MGC Pharmaceuticals has entered into an exclusive commercial wholesale supply agreement with Polish NGO Cannabis House Association (Stowarzyszenie Cannabis House) and the Forensic Laboratory of the Faculty of Law and Administration of the University of Łódź in Poland, a key EU market. The Agreement sets out the terms under which MGC Pharma will…
K2fly signs new RCubed customers for Proof of Concept Designs
SYDNEY: K2fly Limited announced that both Vale S.A. (Vale) and South 32 Limited (South32) have signed initial purchase orders to immediately commence work on proof of concept designs for the RCubed Resource Governance Solution. Vale is the world’s largest producer of iron ore and iron ore pellets and the world’s largest producer of nickel. Vale…
Titomic signs AUD25.5mn sales contract with Composite Technology
MELBOURNE: Titomic Limited, Australian Industrial Scale Additive Manufacturing Company, has entered into a binding agreement with Composite Technology, an Australian R&D and commercialisation division of a global defence product manufacturer. This contract will generate AUD$25.5 million in sales for Titomic from the provision of two Titomic Kinetic Fusion (TKF’) Systems for industrial scale metal additive…
Microsaic signs collaboration and commercialisation agreement with Axcend Corp
LONDON: Microsaic Systems, the developer of point of need mass spectrometry (MS) instruments, has signed a global integration and joint sales and marketing heads of terms with Axcend Corp to integrate the compact Microsaic 4500 MiD MS with the portable Axcend Focus LC (LC/MS system), and to commercialise the combined system globally using both companies’…
David Hunter appointed as non-executive chairman of Capital & Regional
LONDON: Capital & Regional Plc, the convenience and community focused shopping centre REIT, announced the appointment of David Hunter as non-executive chairman, which is proposed to take effect at the conclusion of the 2020 Annual General Meeting on 20 May 2020. David will initially join the board as a non-executive director from 9 March 2020….
Harebottle resigns from the office of Kropz CEO
LONDON: Kropz Plc, an emerging African phosphate explorer and developer, announced that Mr Ian Harebottle has resigned as its Chief Executive Officer (CEO) and director, with effect from 29 February 2020. As a result of Mr Ian Harebottle’s resignation, the Board has appointed Mr Mark Summers, currently the Company’s Chief Financial Officer, as its interim…
Trading in GFH Financial Group’s $300 million Sukuk begins
DUBAI: Jassim Alseddiqi, Chairman of GFH Financial Group (GFH), rang the market opening bell today at Nasdaq Dubai to celebrate the listing of the Group’s USD 300 million Sukuk on the region’s international exchange. The Sukuk is a landmark achievement for GFH as it enters the international debt capital markets. The capital raised supports the…
Panoro Energy farms into South Africa exploration license
OSLO: Panoro Energy ASA has signed a Farm Out Agreement (FOA) with a subsidiary of Africa Energy Corp. (AEC), part of the Lundin Group of Companies, which entails a wholly-owned subsidiary of Panoro acquiring a 12.5% interest in Block 2B located in the Orange Basin, offshore the west coast of South Africa. The exploration block…
Kongsberg wins contract to equip four new cruise vessels
OSLO: Kongsberg Maritime has won contracts worth approximately 300 MNOK to equip three adventure cruise ships, with a fourth to follow. Built by WestSea Viana Shipyard in Portugal and destined for delivery to Portuguese cruise company Mystic Cruises, the vessels are to be used for expeditions in the polar regions. The 126m, 9,300-tonne luxury craft…
poLight receives purchase order of TLens and ASIC drivers
HORTEN: poLight ASA announced that the company has received a purchase order of approximately NOK 250,000 of TLens and ASIC drivers. The purchase order is related to the two smartwatch phone design-wins announced earlier in 2020. “We are still in the early days since the market launch of the two smartwacthes and therefore very pleased…