LONDON: Induction Healthcare Group PLC has acquired Horizon Strategic Partners Limited. Under the terms of the acquisition, the Group will purchase Horizon for a total consideration of up to £2.5 million, comprising an initial payment of £1 million and deferred contingent consideration of up to £1.5 million which can be settled for cash and Induction…
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Corporate Sector, Industry, Singapore Exchange, News Releases
Vilma appointed CEO of Maxima International Sourcing
LONDON: Vilma Drulien becomes the CEO of the Maxima Grup’s subsidiary MAXIMA International Sourcing. Being a member of the company’s board, Vilma Drulien will also continue to serve as a Chief Commercial Officer and a member of the board at Maxima LT. The new CEO of MAXIMA International Sourcing replaces Gintaras Jasinskas, who managed the…
Oakum Cannabis plants first crops using RotoGro Systems
MELBOURNE: Oakum Cannabis Corporation has planted its first cannabis crops using RotoGro’s Rotational Hydroponic Garden Systems. Oakum was recently awarded its Health Canada cultivation license and commenced planting its first cannabis crops using the RotoGro Systems. Oakum is extremely excited to begin its commercial operations with the RotoGro Systems to achieve industry-leading results in both…
Raife Watson appointed CEO of Nvoi
SYDNEY: Nvoi Limited has announced the appointment of Raife Watson as Chief Executive Officer. This appointment follows the Company’s recent announcement of its new growth strategy and strategic partnership with CareerOne. Raife will lead Nvoi in this new direction, bringing together his deep industry experience and key employer networks to launch and grow its business….
Cellmid’s Advangen signs trading agreement with Priceline
SYDNEY: Cellmid Limited’s wholly owned subsidiary, Advangen International Pty Ltd has entered into a national trading agreement with API for the ranging of its évolis Professional anti-aging hair care products in approximately 400 Priceline Pharmacy stores around Australia. The products are expected to be available in stores from November 2019. The agreement is expected to…
Ambertech Limited to acquire Audio Visual Division of Hills Limited
SYDNEY, AUSTRALIA: Ambertech Limited has reached an agreement to acquire the Audio Visual (AV) Distribution business of Hills Limited. The acquisition, which is subject to certain conditions and final approval by Ambertech shareholders, is expected to complete in mid December 2019 and includes the Hills AV businesses in Australia and New Zealand. Under the agreement…
AM Best revises rating outlook to negative for the Order of United Commercial Travelers of America
OLDWICK: AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B (Fair) and the Long-Term ICR of “bb+” of The Order of United Commercial Travelers of America (UCT). The outlook of the FSR remains stable. The Credit Ratings reflect…
Mothercare UK announces measures to being a cash generative and profitable business in FY21
LONDON: Mothercare UK Limited (Mothercare UK) and Mothercare Business Services Limited (MBS) have announced further steps in the restructuring of the Group to return to being a sustainable and profitable business. Mothercare plc earlier on 5 November 2019 had announced appointment of Zelf Hussain, Toby Banfield, and David Baxendale of PricewaterhouseCoopers LLP as administrators to…
AMPD Ventures listed on Frankfurt Stock Exchange
VANCOUVER / ACCESSWIRE: AMPD Ventures Inc. has announced that it is now listed on the Frankfurt Stock Exchange and is trading under the symbol 2Q0. The Frankfurt Stock Exchange is one of the world’s largest trading centers for securities, and it is the largest stock exchange in Germany. The Frankfurt Stock Exchange is used by…
Radian Group and Yarlington enter into a partnership
LONDON: Radian Group and Yarlington have formally entered into a new partnership, creating an organisation that manages 38,000 homes and assets with 79,000 customers living in their homes across the south and south west of England. From 4 November 2019, Yarlington will become a subsidiary of Radian Group, with both organisations operating with a shared…
Amanat Holdings posts 38% increase in net profit
DUBAI: Amanat Holdings PSJC announced its consolidated financial results for the nine-month period ended 30 September 2019 recording an increase of 38% in net profit to reach AED 33.4 million in 9M-2019. Amanat Holdings is the GCC’s largest healthcare and education investment company. The increase in income from investments in 9M-2019 was led by strong…
Multibank ‘BBB/A-2’ ratings placed on Watch Negative
MEXICO CITY: S&P Global Ratings has placed its ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings on Multibank on CreditWatch negative following Banco de Bogotá’s announcement of its intentions to acquire Multibank. The acquisition’s closing is pending approvals form the respective authorities and regulators. The CreditWatch placement is based on a likelihood that Multibank could…