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…
Ramón Jiménez Serrano appointed CEO of Extremadura New Energies
SYDNEY, AUSTRALIA: Infinity Lithium Corporation announced the appointment of highly experienced Spanish executive Mr Ramón Jiménez Serrano as CEO of the company’s wholly owned Spanish subsidiary Extremadura New Energies. Ramón brings a wealth of experience in leadership and management in the industrial and services sectors, with CEO and Managing Director roles leading major Spanish companies….
RAK Ceramics signs deal to acquire Germany based KLUDI Group
ABU DHABI, UAE: RAK Ceramics announced the signing of a Share Purchase Agreement for the acquisition of 100% stake in KLUDI Group. KLUDI Group includes KLUDI GmbH & Co KG, Scheffer Beteiligungs GmbH, KLUDI Armaturen GmbH & Co KG, KLUDI Armaturen GmbH, Austria, KLUDI Management GmbH and KLUDi RAK, UAE. KLUDI Group is an established…
WT Financial to acquire Australia’s financial adviser group, Synchron
SYDNEY, AUSTRALIA: WT Financial Group Limited (ASX: WTL) has entered a Sale and Purchase Agreement to acquire 100% of the issued capital of Australia’s largest privately-owned financial adviser group, Synchronised Business Services (Synchron). The total vendor consideration for the acquisition is up to $7.96 million, payable over two-years in a combination of cash and shares,…
Oman Insurance reports highest net profit in last 7 years
DUBAI, UAE: Oman Insurance released its 2021 Integrated Report yesterday which includes full-year financial results along with Environmental, Social and Corporate Governance reports. The report re-emphasizes the strong financial results for 2021. The company reported a net profit of AED 206.1 million which is a growth of 5% compared to the prior year. This result…
8 Tips on How to Find Yourself a Great Personal Loan
A personal loan may be an ideal alternative for individuals who need to borrow a large sum of money and have bad credit. Personal loans are unsecured installment loans that aren’t backed by anything. This makes them appealing to those seeking to borrow a significant amount of money but don’t have the best credit history….
The Geneva Convention: what was it and when was it signed?
The Geneva Convention usually refers to a set of agreements signed in 1949, negotiated in the aftermath of WWII. The agreements in question related to setting up legal standards for humanitarian treatment during war – for both civilians and military personnel. But what exactly was included in the Geneva Convention and how does it affect…
Kunda sells furniture & fittings business in China as property market weakens
SINGAPORE: China Kunda Technology Holdings has entered into a sale and purchase agreement with Shenzhen City Tangjia Kitchen Appliances Company to dispose its entire 100% interest in the subsidiary, Shenzhen Shi Er Ju Quan Wu Ding Zhi Company (SEJ) for a net consideration of RMB 2.0mn. SEJ, a wholly-owned subsidiary of China Kunda Technology, was…
Keppel divests Flemmington Investments in a $98.6mn deal
SINGAPORE: Keppel Land Limited (KLL) is divesting its 100% equity interest in Flemmington Investments Pte. Ltd. (FIPL). FIPL holds a 42% stake in a project company with rights to develop a site of approximately 30 hectares located in Ho Chi Minh City, Vietnam. Keppel Land Limited (KLL) is a wholly-owned subsidiary of Keppel Corporation Limited….