Australia stocks closed lower on Tuesday, as losses in the Metals & Mining, Resources and Materials sectors led shares lower. At the close in Sydney, the S&P/ASX 200 declined 0.73%. The best performers of the session on the S&P/ASX 200 were Clinuvel Pharmaceuticals Ltd (ASX:CUV), which rose 6.76% or 1.30 points to trade at 20.53…
Dubai Electricity and Water Authority to float on Dubai Financial Market offering 3.25bn shares
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) has announced its intention to float on the Dubai Financial Market (DFM) offering 3.25 billion shares, representing 6.5% of DEWA’s issued share capital. All shares to be offered represent sale of existing shares held by the Government of Dubai. Dubai Electricity and Water Authority (DEWA) is the exclusive provider…
Kerlink & VIoT Group deploying Vietnam’s nationwide LoRaWAN and Helium Blockchain
PARIS, FRANCE: Kerlink and VIoT Group announced their partnership to rollout Vietnam’s first nationwide LoRaWAN IoT network, and VIoT’s plan to support Helium’s “The People’s Network”. Launched in 2017, VIoT introduced IoT smart-city applications in Vietnam in 2018 with a LoRaWAN streetlighting project and has expanded its offer to vertical-market applications such as smart metering…
Agreement in Ghana for SulNOxEco Fuel Conditioner
LONDON, UK: SulNOx, the fuel decarbonisation specialists, announced new large-scale evaluations of its SulNOxEcoFuel Conditioner product in Africa, partnering with Nationwide Technologies Limited (NTL), one of Ghana’s leading haulage companies J. K. Horgle (JKH), and several independent stakeholders in the transport sector. An initial order of 2,000 litres of SulNOxEco Fuel Conditioner, which treats 4…
AGM signs distribution agreement with Rayoung Chemtech of Taiwan
LONDON, UK: Applied Graphene Materials (LSE: AGM), the producer of specialty graphene nanoplatelet dispersions, has signed an exclusive distribution agreement with Rayoung Chemtech Inc. (Headquarters, Taipei, Taiwan). The partnership will extend AGM’s commercial reach directly into the region’s liquid resins, coatings, composites and polymers sectors. Founded in 2008, Rayoung Chemtech Inc. has always been committed…
Atea Denmark acquires KMD’s hardware and software business
OSLO, NORWAY: Atea Denmark has entered an agreement to acquire KMD’s hardware and infrastructure software business. The acquired business sells hardware and standard software to customers primarily in the Danish market. The business has 24 employees across three office locations in Denmark. KMD’s hardware and software business portfolio has three-digit million in sales and is…
Gresham House acquires Ireland-based Burlington Real Estate
LONDON, UK: Gresham House (AIM: GHE) has acquired Burlington RE Property Management Limited (Burlington Real Estate), one of Ireland’s premier independent commercial property asset and development management companies, for an initial consideration of €1.8 million. Based in Dublin, Republic of Ireland, Burlington Real Estate was established in 2012 by John Bruder and Niall Kavanagh, who…
PCI-PAL forms strategic partnership driving open banking operations
LONDON, UK: PCI-PAL Plc (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, to announced a partnership with TrueLayer, the international fintech provider of open banking solutions. Over time the partnership will see PCI Pal make a range of open banking services available to its partner ecosystem and direct customer-base. Through…
Jason Oakley, CEO of Recognise Bank resigns
LONDON, UK: City Of London Group announced the departure of Jason Oakley, Chief Executive Officer of Recognise Bank Limited, company’s principal operating subsidiary. Jason was Co-Founder of Recognise Bank, alongside Deputy CEO, Bryce Glover. Bryce has been appointed interim CEO with immediate effect, while the Board begins the process of selecting a new CEO. The…
Redcentric acquires security consultant, 7 Elements
LONDON, UK: Redcentric plc announced the acquisition of the entire issued share capital of 7 Elements Limited, an industry leading provider of security testing, incident response management and bespoke security consultancy services. Under the terms of the agreement in relation to the acquisition, £1.95m initial consideration was paid in cash on completion, with a further…
Solvay to split into two independent publicly traded companies
BRUSSELS, BELGIUM: Solvay,a Belgian multinational chemical company, is reviewing plans to separate the company into two independent publicly traded companies to unlock value. EssentialCo would comprise leading mono-technology businesses including Soda Ash, Peroxides, Silica and Coatis, which are reported as the Company’s Chemicals segment, as well as the Special Chem business. These businesses generated approximately…
Semiconductor industry veteran Kenneth Hurley appointed CEO & MD of 4DS Memory
SYDNEY, AUSTRALIA: 4DS Memory Limited (ASX: 4DS) (4DS) announced the appointment of Mr Kenneth Hurley as the company’s new Chief Executive Officer and Managing Director. Kenneth Hurley is a 40+ year veteran of the semiconductor industry with key executive roles at Hitachi America Semiconductor and Nanya Technology Corporation Inc, a major Taiwanese maker of dynamic…