LONDON: Rating agencies have placed the credit ratings under review with developing implications for the major property, casualty and life/health insurance companies operating in the Bahamas. These rating actions are a result of the devastation caused by Hurricane Dorian and the limited information that is currently available with regard to loss of life and property,…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Sembcorp announces divestment of subsidiary in Australia
SINGAPORE: Sembcorp Industries announced that the Group has divested its entire stake in Sembcorp Energy Australia Pty Ltd (SEA), formerly known as Vellocet Clean Energy Pty Ltd (VCE), in Australia. The Group has sold its 81.3% stake to Achievement (S) Pte Ltd, the existing shareholder of the company for a nominal sum of A$10 (approximately…
X5 Retail Group opens logistics facility in Siberia
NOVOSIBIRSK: X5 Retail Group, a leading Russian food retailer, has expanded its logistics infrastructure in the Siberian Federal District with a Pyaterochka distribution centre (DC) in Novosibirsk. The 38,500 sq m Tolmachevo DC will be used by Pyaterochka stores in the Novosibirsk, Omsk, Tomsk and Kemerovo regions, Krasnoyarsk and Altai territories, and the republics of…
Xeros signs licensing agreement with Ramsons for denim finishing equipment
BANGALORE: Xeros Technology Group, the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications, has signed a binding Heads of Terms agreement with Ramsons Garment Finishing Equipment. Under the agreement, Ramsons will develop, manufacture and sell garment finishing equipment used in the manufacture of denim jeans which incorporates Xeros’…
Smiths News agrees new long term contract with The Telegraph
LONDON: Connect Group announces that Smiths News has agreed a new long-term contract with The Telegraph, running from October 2019 through to September 2024, covering the distribution of The Daily Telegraph and Sunday Telegraph. The agreement encompasses all of Smiths News’ existing distribution territories with The Telegraph, securing annual revenues in excess of £100 million…
MelodyVR successfully completes Good Morning America broadcast
LONDON: EVR Holdings, the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, announced streaming statistics in connection with MelodyVR’s partnership with American Broadcasting Companies (ABC) and Good Morning America (GMA) to deliver a milestone media event on August 30th: a live, immersive broadcast of GMA’s Summer Concert Series, featuring Mashmello…
Frank Vang-Jensen appointed President and CEO of Nordea Bank
STOCKHOLM: The Board of Directors of Nordea Bank Abp has appointed Frank Vang-Jensen as new President and Group CEO as of September 05, 2019. Frank Vang-Jensen is currently Head of Personal Banking for the Group and a member of Group Executive Management (GEM). Frank Vang-Jensen is passionate about banking and understands the important role of…
Kidman Resources shareholders vote in favour of scheme of arrangement
SINGAPORE: Wesfarmers Limited notes that Kidman Resources’ shareholders today voted in favour of the Scheme of Arrangement under which Wesfarmers will acquire 100 percent of the issued ordinary shares in Kidman for $1.90 cash per share. Wesfarmers Managing Director Rob Scott thanked the Board of Kidman and the company’s shareholders for their strong support for…
Porvair acquires Rotal Dahlman for €7.75 million
LONDON: Porvair PLC, the specialist filtration and environmental technologies group, announced the acquisition of Dahlman Industrial Group B. V. (Royal Dahlman), a Dutch industrial filtration business, trading as Royal Dahlman, for a total cash consideration of €7.75 million. The Group acquired 100 percent of the share capital of Royal Dahlman, which reported revenue of €14.2…
Ulrik Bengtsson appointed Chief Executive Officer of William Hill
LONDON: The Board of William Hill PLC announced that Philip Bowcock will step down as Chief Executive Officer and as a Director of the Company with effect from 30th September 2019. Ulrik Bengtsson, previously William Hill’s Chief Digital Officer, has been appointed Chief Executive Officer Designate and a Director of the Company with immediate effect….
Vodafone and Oman Future Telecommunications announce strategic partnership
MUSCAT, OMAN: Vodafone Group and Oman Future Telecommunications (OFT) Thursday announced a strategic partnership agreement in the Sultanate of Oman as part of Vodafone’s Partner Markets programme. Under the non-equity agreement, the companies will work together to roll out a new mobile network and develop a number of new services using the Vodafone brand in…
Audioboom selects Voxnest as exclusive advertising technology partner
LONDON: Audioboom Group, the leading global podcast company, announced an advertising technology partnership with Voxnest, Inc, a leading b2b technology provider. Audioboom and Voxnest have worked together over several months to develop a scalable podcast advertising system that can quickly deliver ads to Audioboom’s inventory of podcasts. In 2018, Audioboom began the search for a…