SYDNEY: Consolidated Operations Group Limited (COG) and CML Group Limited have entered into a Scheme Implementation Agreement (SIA) to a proposed merger to establish a leading financial services group focusing on servicing SME businesses in Australia. The merger will be implemented via a court-approved scheme of arrangement with CML shareholders pursuant to which COG will…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Damac Properties posts revenues of AED2.8bn in nine months
DUBAI: DAMAC Properties Dubai Co. has announced financial results for the nine months of 2019, reporting total revenue of AED 2.8 billion, with booked sales reported at AED 2.4 billion. Gross profits for the same period stood at AED 838 million reflecting gross profit margins of 30.3%. Total assets stood at AED 24.5 billion compared…
PSC Insurance acquires Carroll Insurance for £3.4 million
SYDNEY: PSC Insurance Group has announced the acquisition and completion of Carroll Insurance Group (CIG), a direct and wholesale broking business, operating in the Lloyd’s and London markets. CIG was acquired for £3.4 million (A$6.3 million), excluding net assets; 70% of the consideration is payable in cash on completion (£2.4 million), with the balance after…
MyFiziq signs term sheet with Hong Kong based Fit Capital to integrate into Stryde Fitness App
HONG KONG: MyFiziq Limited has further expanded its reach into Asia signing a binding term sheet with Fit Capital, which will see the MyFiziq platform integrated into the multi-dimensional training platform, Stryde Fitness App. Stryde is focused on assisting its subscribers with setting goals using a goal setting algorithm and attaining those goals through engagement…
Indoor Skydive launches new website and booking system
SYDNEY: Indoor Skydive Australia Group Limited has announced the launch of its new website and booking system across Australia. To deliver both the best customer experience, and the most efficient operating model, a single centralised website has been implemented in partnership with iFLY Australia, incorporating all 5 iFLY facilities, at www.iflyworld.com.au. Further synergies are also underway…
Viva acquires further two Healthworks locations in Queensland
QUEENSLAND: Viva Leisure Limited, a leading technology-focused Australian health club owner, has executed a binding sale and purchase agreement for two Healthworks Fitness Centres in Cleveland and Victoria Point, Queensland. The acquisition sees Viva Leisure expand its presence in the Queensland market and comes less than a month after Viva Leisure announced its previous acquisition…
InvoCare acquires Batemans Bay & Moruya District Funerals and Broulee Memorial Gardens
SYDNEY: InvoCare Limited has entered into two separate sales agreements to acquire the business and assets of Batemans Bay & Moruya District Funerals and Broulee Memorial Gardens located on the South Coast of NSW. The proposed acquisition is anticipated to complete by the end of November 2019. Batemans Bay & Moruya District Funerals (BBMDF) operates…
OnTheMarket Plc signs listing agreement with Persimmon Plc
LONDON: OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has signed a listing agreement with Persimmon Plc, one of the UK’s leading house builders, a press release issued to London Stock Exchange said. Under the agreement, which covers listing and additional advertising products, Persimmon Plc will list all its residential developments at…
S&P affirms ‘BB+’ ratings on Home Appliances Group Arcelik with negative outlook
PARIS: S&P Global Ratings has affirmed ‘BB+’ ratings on Home Appliances Group Arcelik A.S and on the company’s senior unsecured debt, based on the view that the company can withstand a sovereign stress scenario. The negative outlook reflects the view that weak consumer demand in Turkey and foreign currency exchange volatility might pressure credit metrics…
Tempus Resources completes due diligence on the acquisition of Blackdome-Elizabeth Gold Project
PERTH: Tempus Resources has announced successful completion of due diligence on the acquisition of the high-grade, past producing Blackdome-Elizabeth Gold Project located in British Columbia, Canada. Legal firm Gowling WLG (Canada) LLP and technical specialists SRK Consulting have assisted with detailed due diligence on the acquisition and letter of intent, which has now been completed…
SALAMA posts 15.78% growth in net profits
DUBAI: Islamic Arab Insurance Company (SALAMA), listed on the Dubai Financial Market, has shown consistent growth in net profit over the last three quarters of 2019 and has reported 13.6% growth in gross contribution, attributing to a total of Dh901 million in gross contribution for 9-month 2019 compared to Dh793 million in 9-month 2018. As…
Alpha FMC acquires cloud SaaS business for £5.7 million
LONDON: Alpha FMC has completed the acquisition of 100% of the issued share capital of Obsidian Solutions Limited, a financial services cloud SaaS business in the United Kingdom for £5.7 million cash payable in two instalments, the first instalment being payable on completion and the second after six months. Alpha FMC is a leading global…