SYDNEY: HGL Limited has signed a binding Heads of Agreement for the sale of a 50% share in its JSB Lighting business to FOS Lighting Pty Ltd, a news release said. The transaction remains subject to approval of HGL’s lender…
SYDNEY: MGC Pharmaceuticals Ltd announced completion of the 100% acquisition of the operating telehealth clinic business assets, data and intellectual property of Medicinal Cannabis Clinics (MCC), which was a wholly owned subsidiary of Cannvalate Pty Ltd. The completion of the…
CHELTENHAM: Ontic, the aerospace company, has acquired the manufacturing rights of four aircraft instruments from Flightline Electronics Inc, a subsidiary of Ultra Electronics. The electro-mechanical and digital instruments are used on various commercial and military platforms, with supply into leading…
WASHINGTON: CoStar Group Inc. has reached an agreement to acquire Homesnap Inc. for $250 million in cash, a news release said. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent…
SINGAPORE: Keppel Corporation Limited (Keppel) has announced leadership changes at a few of its key business units, as part of the Group’s succession planning and leadership renewal. The next generation leaders are part of the team that formulated Keppel’s Vision…
SINGAPORE: Ayala Corporation has announced the Securities and Exchange Commission has approved the change of name of AC Energy Inc. to AC Energy and Infrastructure Corporation. AC Energy and Infrastructure Corporation (ACEIC), a wholly-owned subsidiary of Ayala Corporation, received on…
NEW YORK: SmartMetric Inc. reports fraud losses worldwide reached $27.85 billion in 2018 and are projected to rise to $35.67 billion in five years and $40.63 billion in 10 years according to The Nilson Report, the leading global card and…
SINGAPORE: Singapore Exchange (SGX) is consulting the market on the process to manage outstanding securities transactions should a clearing member be in default. The proposal will align the Central Depository (CDP) default management practices with global default management practices, and…
London: Costain Group, the smart infrastructure solutions company, announced the appointment of Helen Willis to the Board as chief financial officer with effect from 30 November 2020. She will join Costain on 23 November to commence a handover prior to…
MOSCOW: X5 Retail Group, a leading Russian food retailer, announced that continued growth in online sales during 9M 2020 enabled the Company to maintain its #1 position in the Russian e-grocery market, according to Infoline data for the period. X5’s…
SYDNEY: Sequoia Financial Group Limited announce that Docs Centre Pty Ltd, a wholly owned subsidiary of SEQ, has signed a conditional Terms Sheet to acquire 100% of the shares in Panthercorp CST Pty Ltd from Easton Investments Limited. This transaction…
MELBOURNE: Moody’s Investors Service (Moody’s) has downgraded Crown Resorts Limited (CWN) issuer rating from Baa2 to Baa3 and that the rating remains on review for downgrade. As a result of the downgrade, there will be an increase in the interest…