Amreli Steels Limited caught mis-declaring imported goods to evade duty and taxes

KARACHI: Pakistan Customs has detected gross mis-declaration of imported goods by Amreli Steels Limited, which would have caused a significant revenue loss if went undetected, Customnews.pk reported. Amreli Steels Limited…

NNR July 28, 2019

Australian Exchange Singapore Exchange

Rakuten to establish company for banking operations in the United States

TOKYO, JAPAN: Rakuten Card Co., a wholly owned subsidiary of Rakuten Inc. has resolved to establish a company titled Rakuten Bank America to commence a banking operation in the United…

NNR July 26, 2019

Australian Exchange Singapore Exchange

Vedanta fully unwinds the Cairn India Holdings structured investment with $100 million gains

MUMBAI, INDIA: Cairn India Holdings Limited (CIHL), an overseas subsidiary of Vedanta Limited, and Volcan Investments Limited have agreed to unwind entirely the structured investment entered between them in December…

NNR July 26, 2019

Singapore Exchange

3i Infrastructure plc agrees to acquire Ionisos

LONDON: 3i Infrastructure plc has agreed to invest €220 million to acquire up to 100% of Ionisos, a leading owner and operator of cold sterilisation facilities servicing the medical, pharmaceutical…

NNR July 26, 2019

Oslo Bourse Singapore Exchange

Vodafone to create Europe’s largest tower company

LONDON: Having secured network sharing agreements in several key markets, Vodafone Group Plc announced Friday that it is proceeding with plans to monetise a substantial proportion of its European tower…

NNR July 26, 2019

Singapore Exchange

ST Engineering secures contracts worth $1.5bn for 2Q2019

SINGAPORE: Singapore Technologies Engineering Ltd (ST Engineering), a global technology, defence and engineering group has announced that its Aerospace and Electronics sectors have secured new contracts with a combined value…

NNR July 25, 2019

Singapore Exchange

NSL OilChem opens S$40mn industrial wastewater treatment complex

The S$40 million wastewater treatment complex is the company’s second treatment plant and will have a capacity of 1,000 cubic meter per day – one of the largest in Singapore.…

NNR July 25, 2019

Singapore Exchange

Sunpower secures RMB 30mn Manufacturing and Services tender

SINGAPORE: Sunpower Group Ltd., an environmental protection solutions specialist with a leading edge in anti-pollution investment projects, has won Manufacturing and Services (M&S) tender worth over RMB 30 million from…

NNR July 25, 2019

Canadian Exchange Singapore Exchange

redT Energy proposes merger with Avalon Battery

LONDON: redT energy plc, the energy storage company, is pleased to announce that it has agreed to outline terms for a proposed merger with Avalon Battery Corporation. The parties have…

NNR July 25, 2019

Singapore Exchange

Cora Gold granted 100% ownership of Tagan Permit in southern Mali

LONDON: Cora Gold has been awarded 100% ownership of the 82km2 Tagan Permit located along the Yanfolila Gold Belt in southern Mali. The newly awarded permit area overlies what is…

NNR July 24, 2019

Singapore Exchange

Anglo American senior leadership changes

LONDON: Anglo American plc announced the appointment of Nolitha Fakude as Chairman of Anglo American's Management Board in South Africa, with effect from 1 September 2019. Fakude will step down…

NNR July 24, 2019

Singapore Exchange

Japan Foods wins Best Annual Report at 2019 Singapore Corporate Awards

SINGAPORE: Leading Japanese restaurant chain, Japan Foods Holding Ltd. has clinched the “Best Annual Report (Silver)”at the 2019 Singapore Corporate Awards in the category for listed companies with less than…

NNR July 24, 2019