SYDNEY, AUSTRALIA: Chairman of AVJennings Limited Simon Cheong announced the appointment of Philip Kearns AM to be the Company’s new Chief Executive Officer to take over from Peter Summers, who is retiring on 31 March 2022 as announced on 6 September 2021. Philip Kearns will transition into the role from 10 January 2022. Philip Kearns…
Tower Limited acquires remaining shares in National Pacific Insurance
AUCKLAND, NEW ZEALAND: In October, Tower Limited purchased an additional 22% stake in National Pacific Insurance from its second largest shareholder for approximately $3.4m, bringing Tower’s total shareholding to over 93%. Following this acquisition, Tower will seek to purchase the remaining shares from minority shareholders, via a compulsory acquisition as allowed under NPI’s governing documents and…
Auckland Airport considers retail bond offer
AUCKLAND, NEW ZEALAND: Auckland International Airport Limited is considering an offer of fixed rate bonds maturing in November 2026 to New Zealand retail investors and to institutional investors. Any such offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as Auckland Airport’s…
Geyser Limited Partnership to acquire ArborGen ANZ for NZ$22.25 million
AUCKLAND, NEW ZEALAND: ArborGen Holdings Limited has entered into an agreement to sell ArborGen ANZ for NZ$22.25 million to Geyser Limited Partnership, a bourse filing said. The transaction has arisen as a result of the strategic review being undertaken by the Company. The Company engaged PwC to assist with the strategic review. ArborGen ANZ is…
Pakistan Stock Exchange reverts back to old trading system
KARACHI, PAKISTAN: Pakistan Stock Exchange (PSX) had implemented the new trading system (NTS), which was procured from the Shenzhen Stock Exchange (SZSE), China, and went live on Monday, October 25, 2021. Given several glitches, PSX, in consultation with brokers and regulator, is reverting to the previous system (KATS) as a short term measure to provide…
GFH Financial acquires high-rise in Baltimore for $90 million
MANAMA, BAHRAIN: GFH Financial Group has expanded its US multifamily residential portfolio after acquiring a third asset, a luxury high-rise in Baltimore, Maryland, for an estimated $90 million. The acquisition diversifies GFH’s US assets and comes amid increasing demand for US multifamily residential properties among renters. GFH acquired the 17-story property in Baltimore in a…
Toyota upgrading Kentucky plant with $461mn investment
GEORGETOWN: Toyota Motor will invest $461 million into its central Kentucky plant to add new technology, increase production flexibility and reduce its carbon footprint. Plans include upgrading the Georgetown plant with advanced manufacturing equipment and technologies that will increase speed, flexibility, and competitiveness, the statement said. That includes improvements to expand the plant’s ability to…
Hinge Health completes $400mn Series E financing round
LONDON, UK: IP Group plc, the developer of intellectual property-based businesses, announced that its portfolio company Hinge Health Inc has completed a $400 million Series E financing, valuing the company at $6.2 billion. The round was led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200…
3i Infrastructure sells stake in European liquid storage terminals
LONDON, UK: 3i Infrastructure plc has completed the sale of its 45% stakes in four European liquid storage terminals on 29 October after receiving certain third-party consents. The sale, to Evos through its entity Evos Finance B.V., was announced on 23 September 2021. Evos is owned by funds managed by First Sentier Investors. The four…
Power Metal Resources acquires 100% of FDR Australia
LONDON, UK: Power Metal Resources has signed a revised agreement for the 100% acquisition of First Development Resources Pty Ltd (FDR Australia). This Agreement is unconditional and binding. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “Today marks an important day for Power Metal as we have completed an unconditional agreement to…
How To Use Visitor Tracking Tools To Improve Your Website
Visitor tracking tools are a great way to make sure that your website is meeting the needs of your customers. If you’ve been struggling with how to improve conversions, there’s no need to worry! There are many ways you can use visitor tracking tools as well as analytics software to optimize and track what people…
Helium Ventures makes investment in Blue Star Helium
LONDON, UK: Helium Ventures, a special purpose acquisition vehicle focused on investments in helium related assets, announced its first investment in Blue Star Helium Limited. Helium Ventures invested AUD$ 400,000 at AUD 5.6 cents per share. Blue Star is an independent helium exploration and production company, headquartered in Australia, with operations and exploration projects in…