HONG KONG: Chinese electric vehicle manufacturer BYD has launched a Hong Kong share sale to raise up to $5.2 billion, according to a term sheet reviewed by Reuters on Monday. The accelerated book-building process has set a price range of HK$333-HK$345 per share, reflecting an up to 8.4% discount from BYD’s closing price of HK$363.60.…
All posts tagged expansion
Gentrack reports 36.4% surge in revenues to $169.8 million in 2023
AUCKLAND: Gentrack, a leading provider of software solutions for utilities and airports, announced its financial results for the year 2023, showing impressive growth in revenue, EBITDA, cash, and net profit. The company also highlighted its strategic achievements, such as launching its new g2.0 platform, winning new customers in the Middle East, Southeast Asia, and Europe,…
Invictus Investment reports record revenue and expands to 10 new markets in 2023
ABU DHABI, UAE: Invictus Investment Company PLC (ADX: INVICTUS), a leading agro-food enterprise in the Middle East, Africa and Asia, announced its financial results for the 12 months ended December 31, 2023, with a revenue growth of 35% year-on-year to AED 8.1 billion – its highest annual revenue as a listed company. The company also…
Fertility Centers of New England acquires Fertility Solutions, expands network
Fertility Centers of New England (FCNE), a First Fertility Center of Excellence, has announced the acquisition of Fertility Solutions, a Massachusetts-based fertility center with offices in Rhode Island. The deal adds six new locations and four experienced physicians to Fertility Centers of New England, one of the largest fertility networks in the United States. Cara…
Domrex Pharma, a Canadian medical supplies company, expands into the US
Domrex Pharma Inc., a leading manufacturer and distributor of medical supplies in Canada, has announced the establishment of its US subsidiary, Domrex Pharma USA Inc., based in Florida.The company aims to simplify the purchasing process of medical devices for healthcare professionals and patients, and to offer a wide range of products, including specialized diabetes care…
Tesla seeks approval for major expansion of Berlin factory
Tesla has applied to German authorities for permission to make extensive changes to its factory near Berlin, as part of its ambitious plan to turn the site into Europe’s largest car plant. The electric car maker published application documents on Wednesday, showing the long list of modifications it wants to make at the plant in…
Pakistan Refinery announces $1.2bn expansion
KARACHI: State owned Pakistan Refinery Limited (PRL) has announced a $1.2 billion expansion, which would increase crude processing capacity to 100,000 barrels/day. Moreover, with this expansion, PRL will comply with the requirements to produce Euro-V compliant high speed diesel (HSD) and Motor Spirit (MS). Company will also achieve self-sustainability by upgrading from hydro-skimming refinery to…
Viper Networks to expand manufacturing for 5G upgrade, new solar production
TROY: Viper Networks Inc. is upgrading their Apollo Smart Lights products with 5G technology while maintaining 4G capabilities. Viper Networks is currently seeking to expand their manufacturing capabilities for both the Apollo Smart Light products and the emerging line of new Solar Products in the Greater Detroit area, which will remain in proximity to the…
Jushi Holdings announces significant expansion of Pennsylvania cultivation facility
BOCA RATON: Jushi Holdings Inc., a cannabis operator, announced plans to nearly double the square footage of its subsidiary’s grower-processor facility in Scranton, Pennsylvania from approximately 90,000 sq. ft. to more than 160,000 sq. ft. in a phased expansion. The majority of the approximate 70,000 sq. ft. expansion project will be focused on increasing the…
Australian Family Lawyers expands to Western Australia
PERTH: The Board of AF Legal Group Ltd announced its expansion to Western Australia with the opening of a new office in Perth via the recruitment of a new lateral hire. The Perth office will open in November 2020 and be AFL’s fifth office to open this calendar year following successful openings in Canberra (ACT),…
Curaleaf unveils nationwide expansion plans for Select brand
WAKEFIELD: Curaleaf Holdings Inc., a leading multi-state cannabis operator in the United States, announced the continued expansion of its line of select brand into new markets including Maine, Massachusetts, Ohio and Florida between now and August 2020. It will expand its line of Select brand products into Connecticut. Select Elite Live cartridges will be available…
Choom’s Ontario expansion continues with its first Toronto location
VANCOUVER: Choom, who has secured an extensive national retail footprint, continues to build momentum after the successful opening of its latest flagship location in Vancouver, with plans to replicate its success in Toronto. Choom has strategically chosen the young, creative, and bustling neighborhood of Liberty Village, next to the downtown core of Toronto. The village…