HCLTech and CAST forge ahead with strategic partnership to revolutionize OEM Chip DesignSINGAPORE: HCLTech, a global technology powerhouse, and CAST, a pioneer in semiconductor intellectual property (IP) cores, have announced an expansion of their partnership. This collaboration is set to transform the landscape of original equipment manufacturing (OEM) by offering bespoke chip solutions, propelling industries…
SingPost to restructure into three autonomous business units
Singapore Post Ltd (SingPost) has concluded its strategic review, initiated in May 2023 with Merrill Lynch (Singapore) Pte. Ltd. (BofA Securities) as the financial advisor. The review aimed to enhance shareholder returns and ensure the Group’s appropriate valuation. Over recent years, SingPost has evolved from a traditional postal service into a technology-driven international logistics enterprise,…
Genesis Capital ups offer for Pacific Smiles Group to $1.75 per share
SYDNEY, AUSTRALIA: Pacific Smiles Group Limited (ASX:PSQ) has announced receiving a revised acquisition proposal from Genesis Capital Manager I Pty Ltd. The new offer, standing $1.75 in cash per share, is set to be executed through a recommended scheme of arrangement. This revised indicative proposal not only increases the cash offer but also presents Pacific…
Impact Minerals to divest Commonwealth Project in New South Wales
SYDNEY: Impact Minerals Limited (ASX:IPT) has officially signed a share sale and purchase agreement to divest up to 75% of its wholly-owned Commonwealth Project in New South Wales. The agreement follows the Revised Term Sheet announced on August 16th, 2023. Dr. Mike Jones, Managing Director of Impact Minerals, expressed the company’s strategic approach to holding…
KMD Brands reports challenging first half FY24 amidst 14.5% decline in sales
AUCKLAND: KMD Brands Limited, a prominent player in the retail sector, has released its interim results for the first half of the fiscal year 2024, revealing a significant downturn in sales and profits. The Group’s sales plummeted by 14.5% to NZ$468.6 million compared to the same period last year, reflecting the ongoing impact of weak…
Scott Technology CEO John Kippenberger to step down in May
Auckland, New Zealand: Scott Technology (NZX: SCT) announced that CEO John Kippenberger has decided to step down from his role leading the global Scott Group. Kippenberger joined the NZX listed automation and robotics company as CEO in November 2019 and has since led the business through a significant strategic and operational transformation. Chair Stuart McLauchlan…
Genedrive PLC (LON GDR)
GDR 3.38 -0.375 -10.00% : Genedrive PLC – MSN Money Genedrive PLC (LON GDR) is a molecular diagnostics company that specializes in the development and commercialization of a point-of-care molecular platform for the diagnosis of infectious diseases, genotyping, pathogen detection, and other applications. They are known for their Genedrive® HCV-ID test, which has received CE-IVD…
Navigating Economic Uncertainty: Strategies for Businesses in Volatile Markets
In today’s dynamic business environment, economic uncertainty has become a constant companion for businesses, presenting challenges that require innovative strategies to overcome. Whether it’s the ripple effects of global events or shifts in consumer behavior, volatility is a defining characteristic of modern markets. In this article, we’ll explore actionable strategies that businesses can adopt to…
Banglalink gets unified licence to deliver superior digital services in Bangladesh
AMSTERDAM: VEON Ltd., a global digital operator that provides converged connectivity and online services, announces that Banglalink, its leading innovative digital service provider in Bangladesh, has received a unified licence from the Bangladesh Telecommunication Regulatory Commission (BTRC). The newly issued licence combines existing authorisations to use 2G, 3G, and 4G standards, making Banglalink’s licences technology-agnostic…
TotalEnergies has acquired American company, Talos Low Carbon Solutions
PARIS: To bolster its carbon capture and storage (CCS) capabilities, TotalEnergies has announced the complete acquisition of Talos Low Carbon Solutions, a pioneering American company in the CCS sector. This acquisition positions TotalEnergies with a 25% stake in the Bayou Bend CCS project, a significant venture along the Texas Gulf Coast, in partnership with Chevron…
LACROIX sold its Road Signs Business Unit to American Industrial Acquisition Corporation
PARIS, FRANCE: LACROIX announced the sale of its Road Signs Business Unit to the industrial investment company AIAC (American Industrial Acquisition Corporation). LACROIX aims to become a global leader in industrial IoT solutions and electronic equipment for mission-critical applications by 2025. Given the market trends, synergies between the Road Signs Business Unit and the rest…
Metarock Group announces $65 million sale of PYBAR to Thiess
SYDNEY, AUSTRALIA: Metarock Group Limited (ASX:MYE), a prominent player in the mining services industry, has officially declared the sale of its entire stake in PYBAR, a leading underground hard rock contracting business, to Thiess Pty Ltd for a headline consideration of $65 million. This strategic move is expected to net Metarock approximately $36.3 million after…