TOKYO, Oct 27, 2020 – Showa Denko (SDK; TSE:4004) decided at its Board of Directors’ meeting today to split its business in optical semiconductors and rare earth alloys through an absorption-type company split effective January 1, 2021 (hereinafter “the Company Split”). Showa Denko Photonics Co., Ltd., a wholly-owned subsidiary of SDK, will succeed to the business. As the Company Split is to be implemented through a simplified absorption-type company split between SDK and its wholly-owned subsidiary, part of details is omitted in this disclosure. 1. Objective of the Company Split In its medium-term business plan “The TOP 2021,” SDK aims…
Author: Marie Jones
Wintermar Offshore Marine (WINS:JK) has announced results for 9M2020. Wintermar’s Owned Vessel revenue for 9M2020 was 17% lower YOY at US$24.6 million and there was a slight improvement on a quarterly basis in 3Q2020 compared to 2Q2020. –Owned Vessel Division For the 9M2020 period, Owned Vessel Division recorded a gross loss of US$2.8 million, largely due to cancellations and postponement of contracts caused by the pandemic. Cost efficiency measures and a streamlining of the fleet undertaken since last year led to a 14% YOY decline in Owned Vessel direct expenses, which helped mitigate some of the losses. On a quarterly…
Pacific Green Technologies, Inc. (the “Company” or “PGTK”, (OTCQB:PGTK)) announces the appointment of Xavier Lara as Senior Vice President, Concentrated Solar Power, effective October 26, 2020. Xavier is one of the pre-eminent experts in the Concentrated Solar Power (CSP) sector, with over twenty-five years’ experience, including various senior-level roles for AELIUS Engineers and Consultants, Empresarios Agrupados, ACWA Power and NextEra Energy. Xavier joins Pacific Green having recently served as Project Director on billion dollar Cleantech developments around the world. Scott Poulter, PGTK’s Chief Executive commented: “As we continue to build on our existing CSP capabilities, we believe Xavier’s unparalleled sales…
Infinito Wallet, the leading multi-crypto wallet today announces a multitude of valuable new features targeted at ADA users. These include support for new Cardano blockchain upgrade, staking and trading features for ADA assets, as well as full wallet compatibility with Daedalus and Yoroi Wallet by allowing users to import 24-word and 15-word passphrase, respectively into Infinito Wallet. This new app release further cements Infinito Wallet’s long-standing position to make crypto easy for mass adoption, still with extensive support for the Cardano community. Starting from September 2018, through a strong collaboration with IOHK, Infinito Wallet has been one of the first…
Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) today announced that its wholly owned subsidiary Raffles Financial Private Limited (“Raffles”) has entered into a 3-Year Strategic Cooperation Agreement (the “Agreement”) with Shanghai Lingang Technology Entrepreneurship Center Co., Ltd. (“Lingang”) on October 22, 2020 (the “Cooperation”). Raffles, equipped with professional background and experience in corporate finance, will support Lingang in building an incubation centre for fast-growing tech firms with leading disruptive technologies. Raffles’ role is to assist in screening, inviting, coaching, developing “mega unicorn potential” companies with the aim to secure funding via public listing on major stock exchanges…
Genadi Man, CEO of kasko2go, has announced that his company’s advanced open source solution would be made available free of charge, to reduce the dramatic losses in the car insurance industry with a high-tech open source product. Speaking at this year’s telematics trade fair (Leipzig, Germany, 6-7 October), kasko2go said it aims to make the business model of Swiss and foreign insurers “significantly more profitable” kasko2go has been developed and tested on more than 100,000 drivers in Europe. In Switzerland the software has been on the market for almost two years. The decision is to give the 900 European and…
Naughty by Nature offers new dining experience, combining salad dish with KFC’s Signature Chicken KFC Indonesia presents Naughty by Nature, a lifestyle dining and salad bar restaurant which is a breakthrough originally concepted by KFC Indonesia. Naughty by Nature which is located at Jalan Senopati no. 24A South Jakarta was officially opened for public since Friday, October 16, 2020, in coincide with KFC Indonesia’s 41st anniversary. Green lifestyle trends among urbanites and culinary trends which always evolve along with times and technology developement become the inspiration for KFC Indonesia to keep innovating and offering different dining experiences. Naughty by Nature…
In this modern world, all humankind has been affected by the impact of the global climate crisis. Not only facing the impact of the Covid-19 Pandemic, we also have to deal with floods and forest fires currently occurring in our region. Scientists have given extensive warning regarding the effects of climate change on our planet, however collective action to hinder the climate crisis is largely considered to be too slow. At the Rimba Raya Biodiversity Project, we have made concerted efforts to play a leading role in mitigating the damage done to the environment in our region through the introduction…
Endowus.com, Singapore’s leading MAS-licensed digital wealth management platform and the first and only digital advisor for the Central Provident Fund (CPF), has announced the launch of their new investment solution – Fund Smart. Singapore investors can now build investment portfolios from a selection of institutional share-class and trailer-fee free funds curated by the Endowus Investment Office, led by Samuel Rhee, Chairman & Chief Investment Officer at Endowus. This new solution gives investors the ability to customise their fund allocations, analyse the historical and projected performance, as well as look-through the underlying exposure and total costs across the selected funds. It…
Riyadh & Tokyo, Oct 26, 2020 – Riyad Bank, a listed company on the Saudi Arabia Stock Exchange in the Kingdom of Saudi Arabia, and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., announced that Riyad Bank had signed a partnership agreement with JCBI to enable the acceptance of JCB Cards at all Point of Sale systems, online and ATMs throughout the Kingdom of Saudi Arabia. As part of a push to make the Kingdom a cashless society and support for financial inclusion that is both in line with the aims of the Saudi Vision 2030,…