SYDNEY, AUSTRALIA: Metcash Limited, the largest wholesaler and distributor of food to independent businesses in Australia, has announced the acquisition of three businesses that will boost its growth and diversification. The company will buy Superior Food, a leading foodservice distribution business, for up to $412.3m; Bianco Construction Supplies, a construction and industrial supplies business, for…
Red 5 Limited and Silver Lake Resources merge to create a leading gold producer
SYDNEY, AUSTRALIA: Red 5 Limited and Silver Lake Resources Limited have announced a merger deal that will create a diversified and profitable gold producer with operations in Australia and Canada. The merger will be implemented through a scheme of arrangement, under which Red 5 will acquire all the shares in Silver Lake. Silver Lake shareholders…
Arafura Rare Earths appoints new CEO to lead rare earths project
SYDNEY, AUSTRALIA: Arafura Rare Earths Limited (ASX: ARU) has announced the appointment of Darryl Cuzzubbo as its new Managing Director and Chief Executive Officer, effective immediately. He replaces Gavin Lockyer, who will leave the company after a short handover. Mr Cuzzubbo has been a non-executive director of Arafura since November 2021 and has been providing…
Ryan Kolln becomes new CEO of Appen, a leading AI company
SYDNEY, AUSTRALIA: Appen Limited (ASX:APX), a global leader in high-quality data for AI, announced today that Ryan Kolln, the former Chief Operating Officer, has been appointed as the new Chief Executive Officer and Managing Director, effective from 5th February 2024. He replaces Armughan Ahmad, who has stepped down from the role. Ryan Kolln has over…
Frugl Group appoints new CEO and CFO
SYDNEY, AUSTRALIA: Frugl Group Limited (ASX: FGL), a data analytics company, has announced the appointment of its new Chief Executive Officer (CEO), Mr Ken Tovich, effective from 12 February 2024. Mr Tovich has over 30 years of experience in various industries, including agriculture, finance, and banking. He was previously the Head of International Sales at…
Metarock Group appoints new CEO and Managing Director
SYDNEY, AUSTRALIA: Metarock Group Limited (ASX: MYE), a diversified mining services company, has announced the appointment of Mr Jeffrey Whiteman as its new CEO and Managing Director. Mr Whiteman has been leading the Group’s turnaround plan as Interim CEO since June 2023, after joining as CFO in November 2022. He has successfully resolved several legacy…
Chorus spending $40m to expand fibre network to 10,000 more premises
SYDNEY, AUSTRALIA: Chorus, the largest telecommunications infrastructure company in New Zealand, has announced its plans to extend its fibre broadband network to another 10,000 premises by FY25. The company has submitted an update to the Commerce Commission, the regulatory authority for the telecommunications sector, regarding its proposed investment for the next four years. The fibre…
Solutions acquires 40% stake in Devoteam Middle East for AED 726.3 million
RIYADH: solutions, the leading provider of internet and communications services in Saudi Arabia, announced on Thursday that it has completed the acquisition of 40% of Devoteam Middle East, a regional leader in digital transformation consulting and solutions. The deal, which was approved by the General Authority for Competition (GAC) in November 2023, was valued at…
How to Avoid Investment Scams by People You Know
Have you ever been tempted to invest your money with someone you know, such as a friend, a relative, or an acquaintance? Have you ever been promised high returns on your investment, only to find out later that you have been scammed? If so, you are not alone. According to a recent report by the…
Dazheng group-led consortium urges Hollysys shareholders to reject Ascendent offer
A consortium of buyers led by Dazheng Group Acquisition Limited has issued a statement urging the shareholders of Hollysys Automation Technologies Ltd. to reject the offer from Ascendent Capital Partners and accept its superior offer of US$29.50 per share. The consortium claims that its offer provides an 11.3% premium to Ascendent’s offer and has more…
What are the Best Phones in 2024? Here’s Our List of the Top 10
People have different preferences and expectations when it comes to choosing a mobile phone. However, here are some of the common factors that people consider important and delightful in a mobile phone: Build quality: The durability and design of a phone, whether it is made of metal, plastic, or glass, and how well it can…
Descon and IFC join hands to reduce postharvest losses in Pakistan
KARACHI: Descon, a leading industrial conglomerate, and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Understanding (MoU) to address the postharvest losses of wheat, rice, and maize in Pakistan. The strategic alliance aims to save around USD 2 billion worth of essential grains that are lost…