OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of National Teachers Associates Life Insurance Company and its affiliated entity, NTA Life Insurance Company of New York. Both companies are ultimately owned by Horace Mann Educators Corporation, and are collectively referred to as NTA…
LXi REIT announces acquisitions worth £23 million
LONDON: The Board of Directors of LXi REIT, the specialist inflation-protected long income REIT, announced long-let, index-linked acquisitions for a combined total investment of approximately £23 million. These Acquisitions are being funded by the Company’s new Revolving Credit Facility (RCF), announced on 22 July 2019. The Company is also in solicitors’ hands on additional acquisitions…
Pressure Technologies wins contract to supply nitrogen storage solutions to EDF Energy
LONDON: Pressure Technologies, the specialist engineering group, announced that its wholly owned subsidiary, Sheffield based Chesterfield Special Cylinders Limited (CSC), has secured a significant contract in excess of £3 million to supply nitrogen storage solutions to EDF Energy for its UK nuclear power plants at Heysham, Torness and Hartlepool. This design and supply contract comprises…
Frasers Property announces planned leadership changes for Singapore
SINGAPORE: Frasers Property Limited announced that Christopher Tang, Frasers Property Singapore Chief Executive Officer (CEO), who will turn 60 next year, will retire as CEO on 31 December 2019. The Company also announced a key leadership appointment and evolution of its Singapore business organisation as part of its planned leadership changes to ensure a smooth…
Spackman Entertainment’s new film Crazy Romance to debut in 22 countries
SINGAPORE: Spackman Entertainment Group Limited has announced that the Group’s new film, Crazy Romance, a romantic comedy film produced by the Group’s indirect wholly-owned subsidiary, Zip Cinema, is expected to debut in 22 countries including Singapore, Malaysia, Vietnam, Cambodia, Taiwan, Philippines, Hong Kong, Macau, Australia and New Zealand. Ranked as the best romance film of…
Dentsu acquires overseas media rights
TOKYO: Dentsu Inc. announced that in an effort to further contribute to its expertise in the sports marketing business it has acquired the overseas media rights, excluding Japan and China, of MEIJI YASUDA J1 League from 2020 to 2022. Dentsu has been appointed by the Japan Professional Football League (J.League) as “J.League Marketing Partner” in…
Azerbaijan Airline in talks with PIA to start direct flights between two countries
KARACHI: The Azerbaijan Airline is in talks with Pakistan International Airlines (PIA) to start direct flights between Karachi to Baku and Lahore to Baku, Florian Sengstschmid CEO of Azerbaijan Tourism Board said. “The direct flights between two countries are likely to start next summer,” Florian said adding the direct flights would give a boost to…
Unite disposes of two assets for £96 million
LONDON: Unite Students, one of the UK’s leading owners, managers and developers of student accommodation, announced the disposal of two wholly owned properties in Coventry, comprising 1,127 beds for £96 million. The properties are being sold to Mapletree Investments Pte Ltd and have both now exchanged and completed. The purchase price is in line with…
Signature Fabrics acquires Milano International Limited
LONDON: CEPS Plc’s subsidiary company, Signature Fabrics Limited has acquired 90 percent of the issued share capital of a newly incorporated company, Milano International Holdings Limited, which has been formed to acquire 100 percent of the issued share capital of Milano International Limited, trading as Milano Pro Sport, for a consideration of £1.85 million. The…
NMCN signs agreement to acquire Lintott Control Systems
LONDON: NMCN Plc has entered into a sale and purchase agreement (SPA) to purchase the entire issued share capital of Lintott Environmental Technologies Limited, which has a wholly owned subsidiary called Lintott Control Systems Limited for a total consideration of up to £3.76 million subject to a three year earn out. Lintott Control Systems is…
World’s smallest & lightest eBike kit launched
LONDON – ACCESSWIRE: London based tech-startup Swytch Technology has today (Monday 7th October) launched the world’s smallest and lightest eBike conversion kit, as demand for eco-friendly travel increases and more people are looking for affordable and sustainable alternatives to conventional transport. The Swytch Kit transforms any bicycle into a premium quality eBike. It consists of…
Sensyne Health enters into research collaboration with UK MHRA
OXFORD: Sensyne Health plc, the British clinical AI technology company, announced it has entered into a formal research agreement with the UK MHRA (Medicines and Healthcare products Regulatory Agency) to contribute to the development of methods to validate software algorithms used in digital health. Lord (Paul) Drayson, CEO of Sensyne Health, said: “New techniques using…