SYDNEY: Power Metal Resources (POW), a metals exploration and development company, announced the commencement of a new joint venture (JV) with Red Rock Resources Plc to build a strategic gold exploration portfolio in Australia. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “This strategic move into Australian gold exploration is an important…
Randall & Quilter Investment announces new equity investment into the group
LONDON: Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced US$100 million of new equity investment into the group. The new investment includes a US$80 million subscription by Brickell Insurance Holdings LLC, an investment vehicle controlled by 777 Partners, for a new series of preferred stock issued by Randall…
SICO BSC bids to acquire majority stake in Muscat Capital LLC
MUSCAT: Bank Muscat SAOG has received in-principle interest from SICO BSC (c), a Bahrain based regional asset manager and investment bank, to acquire a majority shareholding in Muscat Capital LLC. Muscat Capital is a Saudi Single Shareholder Closed Joint Stock Company, licensed by the Saudi Capital Market Authority and wholly-owned subsidiary of Bank Muscat with…
Adventures of Tintin Mobile Game expands soft launch into New Zealand
COPENHAGEN: 5th Planet Games announced that the Adventures of Tintin Match 3 mobile game is now expanding the soft launch territory into New Zealand. Following the succesfull soft launch in the Phillipines and Australia, the soft launch is now, according to the development plan for the Tintin game, expanding into New Zealand, which means the…
Zwipe partners with ACC to roll out biometric payment card products and services
OSLO: Biometric fintech company Zwipe announced that Asia Credit Card Production Ltd. (ACC), a specialist smart card manufacturer based in Hong Kong, has chosen to partner with Zwipe in order to offer and roll out a range of biometric payment specific products and services including cards, wearables, enrolment and customer onboarding solutions. ACC has an…
Norsemont Mining appoints Charles Ross to the board
VANCOUVER: Norsemont Mining Inc. announced the appointment of Charles Ross to its Board of Directors. Mr. Ross has more than 25 years’ experience in the international resource sector, much of which is focused on senior project and financial management. He has served as a director, president, and chief financial officer of numerous public resource companies…
Kontrol Energy launches enterprise energy management software solution for OEMs
TORONTO: Kontrol Energy Corp. has developed a new enterprise solution for its energy management software platform. Kontrol will provide Original Equipment Manufacturers (OEMs) a white label solution which can be packaged with OEM energy efficiency products at the point of sale. “Based on ongoing discussions with our customers and a growing market opportunity, we are…
SGX and CITIC Securities seal agreement to collaborate across FICC, REITs and capital raising
SINGAPORE: Singapore Exchange Limited (SGX) and CITIC Securities Company Limited (CITIC Securities) have signed a wide-ranging strategic cooperation agreement to collaborate across multiple areas, including fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), as well as equity, debt capital markets and more. The agreement was sealed at a virtual signing ceremony attended…
Agreement between BBVA and Allianz to develop non-life insurance business in Spain
MADRID: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has reached an agreement with Allianz Compañía de Seguros y Reaseguros, S.A. in order to create a bancassurance partnership, for the purpose of developing the non-life insurance business in Spain, excluding the health insurance line. The Transaction will be implemented through the creation by BBVA Seguros, S.A., de…
Diageo launches and prices three-tranche $2.5 billion fixed rate USD denominated bonds
LONDON: Diageo Plc, a global leader in beverage alcohol, has launched and priced a $2.5 billion SEC-registered bond offering, consisting of $750 million 1.375% fixed rate notes due 2025; $1 billion 2.000% fixed rate notes due 2030; and $750 million 2.125% fixed rate notes due 2032. The issuer of the bonds is Diageo Capital plc,…
Zenith Energy all set to establish a commercial PPE manufacturing enterprise
LONDON: Zenith Energy Ltd., an oil & gas production company focused on African development opportunities, announced that it is in advanced discussions to establish a commercial PPE manufacturing enterprise, specifically protective face masks, in the United Kingdom to combat the COVID-19 pandemic. Rationale Zenith recognises the unprecedented challenges posed by the COVID-19 pandemic to populations…
Senior plc announces contract extension with MTU Aero Engines
LONDON: Senior plc, an international manufacturer of high technology components and systems, announced that its Aerospace Division secured a contract extension with MTU Aero Engines for the supply of Pratt & Whitney Geared Turbofan engines airfoils. This is a dual source arrangement from Senior Aerospace Thailand and Senior Aerospace Weston, UK which provides optimum risk…