SYDNEY, AUSTRALIA: EROAD Limited has today received an unsolicited, non-binding indicative proposal (NBIO) from Brillian APAC Pty Ltd, part of the Volaris Group. The Volaris Group is an operating group of Toronto Stock Exchange-listed Constellation Software Inc. (TSX:CSU). The NBIO from Volaris is seeking to acquire 100% of EROAD’s shares at a proposed price of…
SunRice Group signs deal to acquire 100% of Trukai Industries
SYDNEY, AUSTRALIA: Ricegrowers Ltd (SunRice) announces that it has today entered into a Share Buy-Back Agreement under which it will become the sole shareholder in Trukai Industries Ltd (Trukai). SunRice currently holds 66.23% of the shares issued in Trukai, a company which was incorporated in Papua New Guinea (PNG) in 1970 and which is now…
Mighty Craft CEO & MD Mark Haysman resigns
SYDNEY, AUSTRALIA: Mighty Craft Limited (ASX:MCL) notified that Mr Mark Haysman has tendered his resignation as CEO and Managing Director effective on 3 July 2023 and as Director of the Company effective immediately. Mr Mark Haysman said: “Mighty Craft has made significant progress on its expansion and diversification strategy over the past few years. This…
Beston Global Food to discontinue, divest non core businesses
SYDNEY, AUSTRALIA: Beston Global Food Company (ASX:BFC) intends to discontinue and divest its Provincial Food Group (PFG) meat and plant-based meats secondary process business, its Aqua-Essence water assets and business and its Technology business. The sudden and dramatic escalation in inflationary pressures in Australia over recent months (particularly around energy prices, insurance costs and interest…
Helloworld Travel to acquire Express Travel Group for $70 million
SYDNEY, AUSTRALIA: Helloworld Travel Limited (ASX: HLO) has agreed to acquire 100% of Express Travel Group (ETG) in Australia and New Zealand from current owners Tom Manwaring and Sintack Pty Ltd for $70 million. Founded as Orient Express Travel Group in 1983, Tom Manwaring joined in 2000 after 29 years with Cathay Pacific and took…
How Are Robots Making Workspaces More Efficient And Worker-Friendly
Robots have revolutionized various industries, and their impact on workspaces is undeniable. From manufacturing to healthcare and beyond, robots are making workspaces more efficient and worker-friendly. Let’s delve into six key points that highlight how robots are transforming the modern workplace. Streamlining Repetitive Tasks One of the most significant advantages of Robotic Process Automation (RPA)…
Go Over These 8 Things Before Starting a Business
Starting a business can be thrilling and intimidating, but if you plan correctly, you can make sure your venture takes off on the right foot. Planning is essential in ensuring future success for any business, big or small. Considering all the components involved – from finances to marketing strategies – aspiring entrepreneurs should consider many…
TotalEnergies and VNG join forces on green hydrogen to decarbonize the Leuna Refinery
PARIS, FRANCE: TotalEnergies and VNG, a German natural gas distribution company, have signed an agreement to initiate the future supply of green hydrogen to the Leuna refinery operated by TotalEnergies. Under the agreement, green hydrogen will be produced from renewable electricity with a 30 MW electrolyzer in Bad Lauchstädt, built and operated by VNG with…
Veon to invest $600 million in Ukraine’s Kyivstar amid war
Veon, a global telecoms company, said on Wednesday it would invest $600 million in the infrastructure of its Ukrainian subsidiary Kyivstar, the country’s largest mobile network, which has been damaged by the ongoing war with Russia. The Amsterdam-listed company said the funds would help upgrade Kyivstar’s infrastructure, including improving connectivity and 4G services throughout Ukraine,…
Intel to sell 20% stake in IMS Nanofabrication to Bain Capital for $860 million
Intel Corporation announced on Wednesday that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3 billion. IMS is a global market leader for multi-beam mask writers, which are critical equipment for the semiconductor industry. IMS…
Bluestep Bank acquires Norwegian specialist mortgage bank Bank2 for NOK 1 billion
OSLO,NORWAY: Bluestep Bank AB , a Swedish specialist mortgage provider, has announced that it has entered into an agreement to acquire Bank2 ASA (Bank2), a Norwegian specialist mortgage bank and refinancing services provider, for around NOK 1 billion. Bank2 is a bank that provides specialist mortgages and refinancing services exclusively for the Norwegian market. The…
European Lithium acquires three lithium projects in Austria
SYDNEY, AUSTRALIA: European Lithium Limited (ASX: EUR, FRA PF8, OTC: EULIF) has announced the completion of the acquisition of three lithium projects in Austria from a subsidiary of Richmond Minerals Inc. (TSX-V: RMD). The projects cover 114.6 km2 of underexplored ground with known lithium occurrences in the Styria mining district, about 70km north of the…