SYDNEY , AUSTRALIA: TASK Group has announced a definitive agreement for acquisition by PAR Technology. The Scheme Implementation Agreement (SIA) outlines that PAR Technology will acquire all TASK shares at an implied price of A$0.81 per share, valuing the company’s equity at approximately A$310 million. The deal, subject to court approval, offers TASK Group shareholders…
Investrade buys 53% of Areen Park Hotel and The Land of Paradise Waterpark
BAHRAIN: Investrade, a prominent investment firm, has secured a 53% ownership of the Areen Park Hotel and The Land of Paradise Waterpark. This acquisition is part of the expansive Areen Master Development Project, aimed at establishing a new urban hub in the kingdom’s south. The deal was formalized at a signing event attended by dignitaries…
Tadawul,operator of Saudi share market, reports 8.1% drop in net profit for 2023
The Saudi share market revenue also declined by 1.6% due to lower trading and post-trade revenues, despite a surge in data and technology services revenue. Saudi Tadawul Group Holding Co. (the Group), the operator of the Saudi share market, announced its financial results for the year 2023, showing a decrease in both revenue and net…
How to Choose the Best Gaming Keyboard in 2024
In this guide, we will help you find the best gaming keyboard for 2024, based on our extensive research and testing. We will cover the different types of keyboards, the pros and cons of each
Pyrum and GreenTech join forces to build tire recycling plant in Sweden
OSLO: A new tire recycling plant is set to be built in Sweden, thanks to a partnership between Pyrum Innovations AG and GreenTech Recycling Tires AB. The two companies signed a consulting agreement last week for the construction of a joint pyrolysis plant in Billingsfors, Sweden, that will convert end-of-life tires into valuable products such…
Coinsilium Group raises strategic financing to boost Web3 ventures
LONDON: Coinsilium Group Limited, a Web3 advisor, venture builder and investor, has announced a strategic financing of £472,500 through the issue of 18.9 million new ordinary shares at 2.5p per share. The financing also includes the participation of the company’s executive chairman and chief executive officer, who subscribed for £40,000 worth of shares. The company…
Essentially Group to acquire Best of Latin Foodstuff Trading for £1.945 million
LONDON, UK: Essentially Group’s wholly owned subsidiary, Essentially Holdings Limited, a company registered in Abu Dhabi Global Market, has signed a share purchase agreement for the acquisition of the entire share capital of Best of Latin Foodstuff Trading LLC from the sole shareholder, Catalina Oñate, for a total consideration of £1,945,000. The consideration is to…
CARiD secures $35 million for automotive e-commerce expansion
CARiD, a prominent player in the automotive e-commerce market, has announced the completion of a substantial $35 million funding round, marking a significant financial achievement for the company. This infusion of capital is a nod to the company’s robust strategic plan, innovative edge, and resilience in the competitive landscape. Since its inception in 2008, CARiD…
Cathedra Bitcoin Inc. merges with Kungsleden Inc.
Cathedra Bitcoin Inc., a diversified bitcoin mining company, has announced a merger with Kungsleden, Inc., a key player in high-density compute infrastructure. The binding share exchange agreement, dated March 6, 2024, is set to result in a reverse takeover, with Kungsleden becoming a wholly owned subsidiary of Cathedra. Upon the merger’s completion, Kungsleden shareholders are…
Kinbow in talks to acquire majority shares in Ashley Stewart
In a significant move within the fashion retail industry, ASI Holdco, LLC, the parent company of Ashley Stewart, has announced its intention to sell a majority stake to Kinbow LLC. This strategic partnership is expected to be finalized by the end of March 2024. Ashley Stewart, a prominent retailer known for its wide range of…
Inca Minerals winds down operations in Peru due to high cost
SYDNEY, AUSTRALIA: Inca Minerals (ASX: IGC), known for its Riqueza project in Peru, has announced the shutdown of its operations in the country due to high costs and complex regulations, a news announcement noted. Despite 18 months of seeking funding partners, no successful agreements were reached. The company will now focus on its Australian exploration…
Aspen Group proposes to buy Eureka Group in a share exchange deal
SYDNEY , AUSTRALIA: Aspen Group Limited (ASX: APZ) has announced an offer to acquire all shares of Eureka Group Holdings. The proposal, known as the Aspen Offer, entails exchanging 0.26 Aspen Securities for each Eureka Share, marking a 15.6% increase from the previously indicated non-binding offer. Aspen Group, renowned for providing quality accommodation to nearly…