SYDNEY: Credit Intelligence Ltd. (ASX: CI1) announced Wednesday that it has sold its entire 60% equity stake in its partly owned subsidiary, OneStep Information Technology Limited, to independent third-party investor Dominic Li for AUD1. The disposal, completed on June 18, is expected to generate a gain of approximately AUD67,000, based on unaudited financial figures as…
Acer to delist Global Depositary Receipts from London Stock Exchange
TAIPEI: Acer Incorporated announced Tuesday it will delist its global depositary receipts (GDRs) from the London Stock Exchange (LSE) next month, citing low trading volume and cost efficiency. The decision follows a board meeting on March 13, where directors approved the move as part of a broader simplification effort across multiple jurisdictions. The company noted…
APA Group to acquire Atlas to Reedy Creek Pipeline in $110 million deal
SYDNEY: APA Group (ASX: APA) announced Wednesday that it has entered into a binding agreement to acquire the Atlas to Reedy Creek Pipeline (ARCP) from Senex CSG Assets Pty Ltd for $110 million. ARCP, a 56-kilometer gas transmission pipeline in Queensland’s Surat Basin, transports gas from Senex’s Atlas East Compression Facility to APA’s Reedy Creek…
Diskover secures $7.5 million seed funding; Partners with Snowflake and NetApp, acquires CloudSoda
LOS ANGELES: Diskover, a leader in helping enterprises manage unstructured data at exabyte scale, announced Tuesday a series of major milestones: closing a $7.5 million seed funding round, forming partnerships with Snowflake and NetApp — both of which are now investors — and acquiring data intelligence platform CloudSoda. The moves mark a significant expansion for Diskover,…
Morten Thorsrud named next CEO of Sampo Group, succeeding Torbjörn Magnusson
HELSINKI: Sampo Group CEO Torbjörn Magnusson will step down this fall after informing the company’s board of his decision to retire, the company announced Wednesday. Morten Thorsrud, CEO of Sampo’s largest subsidiary, If P&C, has been appointed as his successor. The leadership transition will take effect Oct. 1, 2025. Magnusson will remain with the company…
Lithium Universe acquires secures global rights to innovative solar panel recycling technology
SUBIACO: Lithium Universe Limited (ASX: LU7) has announced a binding agreement to acquire worldwide rights to a groundbreaking photovoltaic (PV) solar panel recycling technology developed by Macquarie University. The patented “Microwave Joule Heating Technology” (MJHT) promises to revolutionize the recycling of end-of-life solar panels by enabling efficient recovery of valuable materials like silver, silicon, gallium…
Codeifai to acquire Trust Codes in strategic deal to lead AI-powered QR code market
SYDNEY: Codeifai Limited (ASX: CDE), a pioneer in AI-driven QR code and brand protection solutions, announced Wednesday it has entered a binding agreement to acquire its competitor, Trust Codes Global Limited, in a deal poised to reshape the digital traceability industry. The acquisition, described as a “watershed moment” by Codeifai executives, combines two leaders in…
PZ Cussons sells stake in PZ Wilmar, Updates FY25 trading performance
LONDON: PZ Cussons plc announced Wednesday the sale of its 50% stake in Nigerian edible oils business PZ Wilmar to joint venture partner Wilmar International Limited for $70 million (£51 million). The sale, part of a broader portfolio transformation, is expected to net approximately $64 million (£47 million) after taxes and fees. Proceeds will be…
Valereum Plc appoints Gary Cottle as its new Chief Executive Officer
LONDON: Valereum Plc (AQSE: VLRM) announced the appointment of Gary Cottle as its new Chief Executive Officer (CEO), with immediate effect. Gary brings a wealth of leadership experience, spanning investment banking, digital infrastructure, and capital markets. His proven track record of strategic execution and innovation will be instrumental as Valereum accelerates its growth strategy and…
Diamond Properties expands industrial portfolio with Ohio acquisitions
CINCINNATI: Diamond Properties, a real estate investment firm, has acquired two industrial properties in Ohio, strengthening its presence in logistics and distribution markets. The properties include 621 Wilmer Avenue in Cincinnati, a 79,544-square-foot industrial facility, and I-271 Commerce Center in Mayfield Village, a 90,560-square-foot facility in the Cleveland metropolitan area. Both assets are fully occupied….
Materna Medical closes $20 million Series B2 funding, announces new product name
MOUNTAIN VIEW: Materna Medical Inc., a women’s pelvic health company, has secured additional funding in its ongoing $20 million Series B2 financing round. New investors GLIN Impact Capital, Wealthing VC Club and Citrine Angels joined the round, led by InnovaHealth Partners and existing backers Wavemaker Three-Sixty Health, Kimera Limited, Women’s Venture Capital Fund and Golden…
U.S. stock markets slide as Israel-Iran tensions spark market jitters
Major Indexes Drop Amid Geopolitical Uncertainty U.S. stocks tumbled Tuesday afternoon as escalating tensions between Israel and Iran fueled fears of deeper U.S. involvement in the conflict, rattling investor confidence. The Dow Jones Industrial Average (DJI) plunged more than 300 points, or 0.8%, to 42,190 by 2:10 p.m. Eastern time, hovering near its session low. The S&P 500 (GSPC) slid 0.9%, while the Nasdaq Composite…