SYDNEY , AUSTRALIA: 92 Energy Limited (ASX: 92E) has announced the successful completion of its acquisition by ATHA Energy Corp. (TSXV: SASK). The Federal Court of Australia has approved the arrangement, and the scheme is now legally effective, with all necessary documents lodged with the Australian Securities and Investments Commission. As a result of this…
HMC Capital acquires StratCap for $28.5 million in cash and shares
SYDNEY, AUSTRALIA: HMC Capital (ASX: HMC) has finalized the acquisition of 100% of StratCap for US$28.5 million in cash and shares. This move aligns with HMC’s strategy to establish growth platforms in digital infrastructure, energy transition, and private credit. The transaction is expected to close in Q2 CY24, pending regulatory approvals. HMC Capital, an ASX-listed…
Charter Hall Group and Charter Hall Retail REIT buy 14.8% shares in Hotel Property Investments
SYDNEY, AUSTRALIA: In a joint announcement today, Charter Hall Group (ASX: CHC) and Charter Hall Retail REIT (ASX: CQR) revealed their equally funded joint venture (JV) trust’s acquisition of a 14.8% strategic stake in Hotel Property Investments Ltd (ASX: HPI). The transaction, valued at $97 million, equates to $3.35 per HPI security, making Charter Hall…
Allied Gaming & Entertainment reports strong 2023 financial performance
Global experiential entertainment company, Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) unveiled its financial results for the full year and fourth quarter of 2023. Amidst a dynamic landscape, AGAE demonstrated resilience and growth, driven by strategic initiatives and key revenue streams. “We made substantial progress during fiscal year 2023 and have entered fiscal year 2024…
More than half of businesses plan to adopt AI within the next two years
Artificial intelligence (AI) has transcended its science fiction origins to become a transformative force in the business landscape. Organizations worldwide are embracing AI, recognizing its potential to enhance efficiency and revolutionize decision-making processes. “The adoption of AI technology across industries is both exciting and concerning from a cybersecurity perspective. While AI can revolutionize business operations…
Zipline Logistics Acquires Summit Eleven in Austin, Texas
Zipline Logistics, a third-party logistics provider specializing in the consumer-packaged goods (CPG) sector, has announced its acquisition of Summit Eleven, a multi-modal transportation provider based in Austin, Texas ”Cultivating success isn’t just about the numbers; it’s about the shared values and vision that drive us forward. Our decision to acquire Summit Eleven was rooted in…
Abrigo acquires TPG Software, an investment accounting solutions provider
To enhance its financial compliance and risk management offerings, Abrigo, a prominent provider of compliance, credit risk, and lending solutions, has announced the acquisition of TPG Software, a leading provider of investment accounting and management solutions. This acquisition is part of Abrigo’s ongoing efforts to streamline risk and accounting management processes for financial institutions while…
TurbineOne secures $15M in Series-A to enhance ML solutions for national security
TurbineOne Inc., a pioneering firm in user-friendly, edge-first Machine Learning (ML) for government applications, has announced a successful $15 million Series-A funding round, a news release noted. The investment was led by Bessemer Ventures Partners, with contributions from The General Partnership, XYZ Ventures, and the new addition of Pallas Ventures, a national security-focused investor. The…
abrdn European Logistics Income disposes of French asset
LONDON: abrdn European Logistics Income plc (ASLI), the company which invests in quality European logistics real estate, has completed the sale of a 30,180 sqm warehouse in Meung sur Loire, France, to Castignac. The €17.5 million disposal price is in line with the 31 December 2023 valuation and reflects a c.7% discount to the 30…
How To Spend Less On Wedding
Weddings in the Philippines are a costly affair. Some people even get loans through the best loan apps Philippines to pay for their weddings. However, there are ways to spend less on a wedding without sacrificing the quality of the celebration. One way is to make the guest list leaner and invite only those who…
Pension Insurance Corporation reports stellar annual results
LONDON, UK: Pension Insurance Corporation Group Limited (PICG), the parent company of the specialist UK pension insurer PIC, has announced its final results for the year ending December 31, 2023. The company has recorded a year of robust performance, marked by sustainable growth, increased profitability, and exceptional customer service. Tracy Blackwell, the CEO of PIC,…
Asia Wealth Group reports mid-year financials amidst challenging economic climate
LONDON: Asia Wealth Group Holdings Limited, a prominent wealth management advisory firm, has released its financial statements for the six-month period ending August 31, 2023. Despite a challenging economic environment marked by a weak Yen and reduced revenue streams, the company has maintained a strong gross margin and is actively pursuing new investment opportunities. Financial…