SYDNEY, AUSTRALIA: Orcoda Limited (ASX: ODA) notified that its subsidiary Orcoda Transport Logistics Pty Ltd sold 100% of the equity of Smarttrans (HK) Limited for $4,000. Smarttrans (HK) Limited controlled three further Chinese entities. None of the entities currently trades and hold few assets. This sale completes the transition of Orcoda Limited to an entirely…
Going To The Top: Top Online Habits Of Successful Businesses Down Under
To be successful in the business world, it is important to have an online presence. This includes everything from a well-designed website to a social media strategy. However, not all businesses are created equal when it comes to their online habits. There are corporations in Australia that are thriving online, while others could use some…
Delegation from Abu Dhabi Securities Exchange visits Bahrain Bourse
MANAMA: Bahrain Bourse (BHB) hosted a high-level delegation from Abu Dhabi Securities Exchange (ADX) for two days to agree on practical steps to be taken by both parties in order to implement the action plan for the agreement that has been signed between Bahrain Bourse and ADX in November. Both parties agreed on a mechanism…
Dubai Investments offers to buy NGI at AED3.12/share
DUBAI, UAE: Dubai Investments has made an offer to acquire all or part of shares in National General Insurance (NGI) at the rate of AED3.12/share. The offer has been dispatched to NGI shareholders. Dubai Investments was incorporated in 1995. Since then, it has grown to become a major player in the economy of Dubai and…
CIP Merchant Capital takes minority stake in Time Out Group
LONDON, UK: CIP Merchant Capital has acquired, in aggregate, 1.8ordinary shares in Time Out Group for a total consideration of approximately £1.0 million, representing approximately 0.54 per cent of the issued share capital of Time Out. Time Out Group is the AIM quoted global media and hospitality business which seeks to enable people to explore…
LBG Media commences trading on AIM market of LSE
LONDON, UK: LBG Media plc (LON: LBG) announced that the admission of its entire issued and to be issued share capital to trading on the Alternative Investment Market (AIM) of the London Stock Exchange becomes effective and dealings commence under the ticker LBG. LBG Media plc (LON: LBG) is the UK-based multi-brand, multi-channel digital youth…
Depixus raises €30.6 million in Series A Financing
LONDON, UK: Arix Bioscience’s portfolio company Depixus has successfully completed its oversubscribed Series A financing which raised €30.6 million (£26.1 million). Depixus is a biotechnology company developing a unique technology for the fast, accurate, and straightforward extraction of multiomic information from DNA, RNA, and proteins. Funds from the financing will enable Depixus to further develop…
Restore plc acquires Capture All Limited for £0.9mn
LONDON, UK: Restore plc (LON: RST) has acquired 100% of the share capital of Capture All Limited, a digital services business based in Falkirk for consideration of £0.9 million. The acquisition of Capture All further progresses the Group’s strategy to significantly expand Restore Digital, the UK’s market leading digital service business that comprises business process…
DCC Technology acquires Almo Corporation for $610 million
LONDON, UK: DCC Technology has completed the acquisition of Almo Corporation on 14 December 2021. The acquisition was based on an initial enterprise value of approximately $610 million (£462 million) on a cash-free, debt-free basis. The transaction represents DCC’s largest acquisition to date and materially expands DCC Technology’s successful and growing North American business. The…
Oakley Capital agrees sale of TechInsights
LONDON, UK: Oakley Capital announced that Oakley Capital Private Equity III has reached an agreement to sell its stake in TechInsights, an information services platform for the microelectronics sector. The exit will generate a gross return on investment of c.18.8x MM and c.82% IRR to Fund III. As part of the transaction, Oakley Capital Fund…
GlobalData acquires LMCA Holdings and LMCI Holdings
LONDON, UK: GlobalData Plc, the leading provider of industry intelligence, announced the acquisition of both LMCA Holdings Limited and LMCI Holdings Limited, which provide data, analytics, and insights of the Automotive and Agribusiness markets respectively. The acquisitions add further scale and capabilities to our existing Automotive intelligence proposition and brings new and unique gold standard…
Hammerson Plc offloads non-core assets
LONDON, UK: Hammerson Plc has exchanged or completed sales of six non-core assets for total gross cash proceeds of £92 million since the half year. This is in line with the Company’s strategy of reducing debt, simplifying the portfolio and generating capital for redeployment. The largest constituent is the exchange after market close on 14…