TOKYO: Japanese construction materials firm Kondotec Inc said on Friday it will acquire all shares of Suzutoh Co., Ltd., making it a subsidiary as part of a strategy to strengthen its supply system and expand in growth areas. The acquisition, approved by Kondotec’s board on Friday, is scheduled to be completed on Nov. 27, the company…
SYDNEY: Credit Intelligence Ltd. (ASX: CI1) announced Wednesday that it has sold its entire 60% equity stake in its partly owned subsidiary, OneStep Information Technology Limited, to independent third-party investor Dominic Li for AUD1. The disposal, completed on June 18, is expected to generate a gain of approximately AUD67,000, based on unaudited financial figures as…
SYDNEY: Intelligent Monitoring Group (IMG) subsidiary ADT has entered into a binding sale and purchase agreement today to acquire all of the shares in DVL. DVL is a Perth based provider of high-quality and leading-edge electronic security solutions, including: CCTV equipment, security and access control equipment, specialist detection and surveillance equipment, as well as monitoring…
SINGAPORE: Singtel’s wholly owned subsidiary, Optus Satellite Pty Limited has incorporated a wholly owned subsidiary in Australia known as Optus Space Systems Pty Limited. Optus Space has an issued and paid-up capital of A$2 and its principal activity is provision of satellite telecommunications services. The directors of Optus Space are Kevin Kilraine and Benjamin White….
MOSCOW: Sistema PJSFC’s subsidiary Segezha Group PJSC announced its intention to conduct an initial public offering (IPO) of ordinary shares and to list on Moscow Exchange. The Offering will consist of a primary offering of newly issued shares expected to raise at least RUB 30 billion and an over-allotment option of secondary shares of up…
MINNEAPOLIS: Northern Oil and Gas Inc. (NOG) has entered into a definitive agreement to acquire certain non-operated assets in the Appalachian Basin from a subsidiary of Reliance Industries Ltd, a news release said. At the effective date of July 1, 2020, the Assets were producing approximately 120 MMcfe/d of natural gas equivalents, net to Northern’s…
ROCHESTER: Impact BioMedical Inc. has formed a new wholly owned subsidiary, Innate Immune Inc., to initiate efficacy testing of a pancoronavirus vaccine, a special type of vaccine designed to protect against multiple coronaviruses. “Highly pathogenic human coronaviruses are continuously emerging and remain a major threat to human health,” stated Daryl Thompson, Impact BioLife’s Director of…
LONDON: UK Oil & Gas (UKOG) has signed a binding heads of terms with Tellurian Investments LLC to acquire the entire share capital of its subsidiary Magellan Petroleum (UK) Investment Holdings Limited for a total consideration of £12 million in cash and shares, a release issued to London Stock Exchange (LSE) noted. Magellan holds a…