Bona, a global leader in premium floor products, has announced the acquisition of its long-time Australian distributor Ezi Floor Products (EFP), strengthening its presence and growth in the Asia-Pacific region. Bona acquires its Australian distributor Ezi Floor Products, which has been the exclusive importer and national distributor of Bona products in Australia for over 20…
Icade unveils its new strategic plan ReShapE for 2024-2028
AMSTERDAM: Icade, a leading French real estate company, has announced its new strategic plan ReShapE for 2024-2028 at its Investor Day in the Paris Orly-Rungis business park. The plan aims to respond to the changing needs and expectations of its customers and stakeholders, as well as the major climate-related challenges facing society. The plan is…
McPhy Energy may sell its refueling station business to Atawey
PARIS, FRANCE: McPhy Energy, a leading manufacturer of low-carbon hydrogen equipment, has announced that it has received a binding offer from Atawey, a French company specialized in hydrogen mobility solutions, for the sale of its refueling station business. The offer comes after the two parties entered into exclusive negotiations in December 20231. The sale price…
Pakistan’s textile exports rise by 10% in January
LAHORE: Pakistan’s textile exports have shown a remarkable growth of 10% year-on-year in January 2024, reaching US$1.45 billion, according to the latest data released by the Pakistan Bureau of Statistics (PBS). The increase in textile exports is mainly due to the low base effect of the same period last year, when the country faced a…
Anglo American Platinum reports lower earnings amid weak PGM prices
LONDON, UK: Anglo American Platinum, the world’s largest platinum producer, announced its annual results for 2023 on Monday, showing a sharp decline in earnings and profitability due to lower prices for platinum group metals (PGMs) and higher costs. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) dropped by 67% to R24 billion, compared…
KEFI Gold and Copper announces third VMS deposit discovery in Saudi Arabia
LONDON, UK: KEFI Gold and Copper Plc (AIM: KEFI), the gold and copper exploration and development company with a first-mover advantage in Saudi Arabia, has announced the discovery of a third Volcanogenic Massive Sulphide (VMS) deposit in the Hawiah district of Saudi Arabia. The new deposit, named Abu Salal, is located 50km south of the…
OGDCL announces major gas-condensate discovery in Sindh
LONDON: The Oil and Gas Development Company Limited (OGDCL), the largest exploration and production company in Pakistan, has made a significant discovery of gas-condensate in the Khewari Block, located in District Khairpur, Sindh Province. According to a company announcement to London Stock Exchange, the discovery was made at the Kharo-1 well, which was drilled to…
Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
LONDON, UK: Bank of Georgia Group PLC (BOGG), a leading banking and investment group in Georgia, announced on Monday that it has agreed to acquire 100% of Ameriabank CJSC, a leading universal bank in Armenia, for approximately $303.6 million in cash. The acquisition, which is subject to shareholder and regulatory approvals, will significantly enhance the…
Keybridge Capital offers to acquire Yowie Group for a$6.8 million in cash
SYDNEY, AUSTRALIA: Keybridge Capital Limited has launched a takeover bid for Yowie Group Limited, a company that produces chocolate products with collectible toys inside. Keybridge is offering AUD 3.4 cents cash per share, which values Yowie at about AUD 6.8 million. The offer price represents a premium of 9.68% to the one month average price…
Motorola Solutions and Google Cloud team up to boost safety and security technologies
Motorola Solutions (NYSE: MSI) and Google Cloud have announced a long-term partnership to develop cloud-based solutions for Motorola Solutions’ safety and security products. The collaboration will focus on enhancing assistive intelligence, video content delivery, mapping and AI capabilities to address real-world safety challenges. Motorola Solutions’ chief technology officer Mahesh Saptharishi said the partnership will make…
Victor Group acquires 25% stake in LIT Technology for $2.0 million
SYDNEY, AUSTRALIA: Victor Group Holdings Ltd (ASX: VIG), a leading provider of cloud-based education solutions in China, has announced its strategic investment in LIT Technology Pty Ltd, an innovative fintech company with a strong presence in Vietnam. The deal, valued at AUD2,000,000.00, will be completed through the issuance of 80,000,000 shares at an issues price…
Freightways reports 12.4% revenue growth in HY24 despite challenges
SYDNEY, AUSTRALIA: Freightways, a leading express package and business mail operator in New Zealand and Australia, announced its half-year results for the period ended 31 December 2023, showing a 12.4% increase in revenue and a stable dividend policy. The company’s revenue rose to $421.5 million, driven by growth across both its express package and business…