LONDON, UK: Midwich Group (AIM: MIDW), a global specialist audio visual distributor, has entered a binding agreement to acquire prodyTel Distribution Gmbh, a distributor of professional audio and technical solutions products based near Nuremberg, Germany. The deal will be funded from Midwich’s existing facilities and is expected to be earnings enhancing in the first full…
ANZ reports record revenue and profits, CEO Shayne Elliott shares insights
SYDNEY, AUSTRALIA: Shayne Elliott, the CEO of ANZ, revealed the bank’s exceptional financial performance, highlighting record-breaking revenue and cash profit. This accomplishment, according to Elliott, underscores the inherent strength within the institution. He emphasized the pivotal role played by the four key divisions at ANZ—New Zealand business, Institutional, Australia Retail, and Australia Commercial—in driving impressive…
Gulf International Bank achieves record results in the past decade with 141% growth in net income
DUBAI: In the third quarter of 2023, the Gulf International Bank’s dedication and commitment to achieving strategic objectives resulted in a remarkable 255% increase in net profit attributable to the Bank’s shareholders, totalling $41.2 million for the quarter, surpassing the previous year’s $11.6 million for the same period. This outstanding achievement is primarily a result…
Seven West Media acquires strategic equity interest in ARN Media Limited
SYDNEY, AUSTRALIA: Seven West Media Limited (ASX: SWM) has acquired a 14.9% shareholding in ARN Media Limited (ASX: A1N) as a strategic equity investment in the media sector. Seven West Media has also entered into a cash-settled equity swap with Barrenjoey Markets Pty Limited relating to a further 5.0% of A1N. SWM has existing and…
Aurum Resources acquires PlusOr Global and its gold project in Côte d’Ivoire
SYDNEY, AUSTRALIA: Aurum Resources Limited (AUE) has announced that it has signed a binding agreement to buy PlusOr Global Pty Ltd, a company that has a stake in a gold project in Côte d’Ivoire. The deal will give AUE access to the Boundiali Gold Project, which is located in a highly prospective greenstone belt in…
OmegaX Inc agrees to acquire Pivotal Systems Corporation for $18 million
SYDNEY, AUSTRALIA: Pivotal Systems Corporation (ASX: PVS), a leading provider of innovative gas flow control (GFC) solutions to the semiconductor industry, has entered into a definitive agreement to be acquired by OmegaX Inc, a California corporation. Pivotal will be de-listed from the ASX. The transaction values Pivotal Systems at approximately US$18 million. The transaction is…
Central Petroleum sells 50% interest in Range Gas Project
SYDNEY, AUSTRALIA: Central Petroleum Limited (ASX:CTP) has sold its 50% interest in the Range Gas Project (ATP 2031) in Queensland’s Surat Basin to a wholly owned subsidiary of Senex Energy Pty Ltd, for A$12.5 million by way of a sale of Central’s wholly owned subsidiary, Central Petroleum Eastern Pty Ltd (“CPE”). The transaction is not…
Mitsubishi Electric to issue green bonds for first time
Mitsubishi Electric Corporation will issue green bonds for the first time to raise funds for the construction of a silicon carbide (SiC) power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization. Green bonds are any type of debt instrument issued by a corporation or municipality for…
Starpharma Holdings appoints Cheryl Maley as Chief Executive Officer and Managing Director
MELBOURNE, AUSTRALIA: Starpharma Holdings (ASX: SPL) announced the appointment of Ms Cheryl Maley as Chief Executive Officer (CEO) and Managing Director of Starpharma effective 8 January 2024. Cheryl has over 25 years of experience in the pharmaceutical industry, including 20 years in leadership roles at well-known and leading organisations, including Novartis and AbbVie/Abbott. Her roles…
Sujata Stead appointed as Chief Executive Officer of Janison Education Group
SYDNEY, AUSTRALIA: Janison Education Group Limited (ASX:JAN) announced that Ms Sujata Stead has been appointed as its Chief Executive Officer. Expected to commence in early 2024, Ms Sujata Stead brings to Janison deep knowledge of the global education and assessment industry, its customers, end-users, competitors, partners and government stakeholders. With over 25 years’ experience in…
Vida Health raises $28.5 million and appoints new CEO
Vida Health, a leading provider of virtual cardiometabolic care services, announced today that it has raised $28.5 million in a financing round led by existing investors. The company also announced that Joe Murad, a veteran healthcare technology executive, has joined as the new CEO, succeeding the founder Stephanie Tilenius, who will transition to an advisory…
Gelion Plc to acquire OXLiD for an aggregate consideration of £4.2 million
LONDON, UK: Gelion Plc (AIM: GELN), the Anglo-Australian battery innovator, has conditionally agreed to acquire the entire issued share capital of OXLiD for an aggregate consideration of up to approximately £4.2 million. OXLiD is a UK based lithium-sulfur (LiS) battery technology developer, dedicated to the development and commercialisation of LiS batteries for electrified transportation and…