BRISBANE: AnteoTech Ltd has signed a non-binding Heads of Agreement with Merck to co-develop AnteoBind activated Europium particles for the rapidly growing global point of care (PoC) diagnostic testing market. The products will harness Merck’s full range of Europium particles activated with AnteoBind to offer an advanced toolset for assay developers. The combined products will…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Tesco to sell its Asia business to CP Group for $10.6 billion
LONDON: Tesco Plc has entered into a conditional agreement with CP Group with respect to the sale of Tesco’s businesses in Thailand and Malaysia for an enterprise value of $10.6 billion. CP Group comprises of namely C.P. Retail Development Company Limited, Charoen Pokphand Holding Co., Ltd, CP All Public Limited Company and C.P. Merchandising Co.,…
LiquidX partners with Emirates NBD; expands geographic presence
SINGAPORE: LiquidX, the global network for illiquid assets, announced the addition of Emirates NBD to its network. Emirates NBD is a leading bank that is recognized as a digital thought leader in the MENAT region. Emirates NBD was also recently named the “Bank of the Year – UAE 2019” by The Banker magazine in recognition of its…
Ideagen acquires Workrite Ltd for £6.8 million
LONDON: Ideagen PLC, a leading supplier of Information Management software to highly regulated industries, has announced the acquisition of the entire issued share capital of Workrite Ltd for a net cash consideration of up to £6.8 million. The consideration will be funded from the Group’s cash reserves and existing debt facility. Highlights Workrite is a…
Aviva Plc announces exit from Indonesia
LONDON: Aviva plc, an international savings and insurance business has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva’s joint venture partner, PT Astra International Tbk. The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including…
Gateley acquires The Vinden Partnership Limited for £6.75 million
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of The Vinden Partnership Limited for a maximum consideration of £6.75 million, equating to a maximum Enterprise Value of £5.15m. Vinden, a specialist business offering corporate advisory, dispute resolution and consultancy to the built environment in the property and construction…
VEEM completes world’s largest gyrostabilizer for major European shipbuilder
SYDNEY: Marine propulsion and gyro stabilization company, VEEM Ltd has successfully constructed the world’s largest and most powerful known gyrostabilizer for delivery to Europe’s second largest ship builder, Damen Shipyards. At 20 metric tonnes, the VG1000 SD easily eclipses the second largest gyro product VEEM produces, the VG260, which is approximately one quarter of the…
Flybe Limited not to operate its planned flight schedule
LONDON: Flybe Limited, a subsidiary within the Connect Airways group of companies, has ceased trading and will no longer be operating its planned flight schedule. Stobart Group, alongside its consortium partners, Virgin Atlantic and Cyrus Capital, are deeply disappointed that Flybe has been unable to secure a viable basis for its continuing operations and has…
SGX welcomes Memiontec Holdings to Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed Memiontec Holdings Ltd. to its Catalist under the stock code “SYM”. Memiontec Holdings Ltd. opened at S$0.225 today. Memiontec Holdings Ltd. is a water treatment company with more than 20 years of experience in the field of water and wastewater management services, with a presence in Singapore, Indonesia and…
Nel enters into strategic collaboration agreement with Kvaerner
OSLO: Nel ASA, dedicated hydrogen company, has entered into a strategic collaboration agreement with the global EPC company Kværner AS. The companies will collaborate on specific green hydrogen projects and standardisation of solutions for large scale hydrogen production plants. “We’re happy to enter into this collaboration agreement with Kvaerner, who have extensive experience from large…
Oakley Fund III agrees to acquire a majority stake in Globe-Trotter
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has agreed to acquire a majority stake in Globe-Trotter Group Limited, the British luxury luggage brand, from entrepreneur Toshiyasu Takubo. Takubo, who has developed the brand significantly in the Japanese market, will retain a minority stake in the company. Founded in 1897, Globe-Trotter…
Itaconix announces new collaboration in biodegradable packaging
NEW YORK: Itaconix Plc has signed a joint development agreement with a leading innovator in biodegradable packaging (the Partner). Itaconix develops and produces bio-based specialty ingredients that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling. Under the agreement,…