Investment & Financing

Scharf Investments Global Equity Strategy Awarded Mandate from a Key Nordic Pension Fund

2023-03-28 15:00 2554

PARIS, March 28, 2023 /PRNewswire/ -- Scharf Investments, a Partner of iM Global Partner, has been awarded a significant investment mandate (US$400+ million) from a well-known Nordic pension fund for one of its core equity strategies, the Scharf Global Opportunity Strategy.   The strategy is a ...

DeepWay Raises ¥770 Million in Series A+ Round to Accelerate Mass Production of Smart Electric Heavy-duty Truck and Further R&D Exploration

2023-03-28 14:09 3165

Led by Fortune Global 500 company Weiqiao Pioneering and SB China Venture Capital,along with follow-on investments from Qiming Venture Partners BEIJING, March 28, 2023 /PRNewswire/ -- DeepWay company, a smart commercial vehicle developer and manufacturer, recently announced that it had raised a¥7...

Aramco to expand presence in China by acquiring 10% stake in Rongsheng Petrochemical

2023-03-27 23:10 4008

- Deal involves placement of 480,000 barrels per day of crude to the largest integrated refining and chemicals complex inChina DHAHRAN, Saudi Arabia, March 27, 2023 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, has signed definitive agreements to ...

Berry Genomics and Ajlan & Bros Holding Subsidiaries Establish a Joint Venture to Support 'Vision 2030'

2023-03-27 20:46 2622

BEIJING, March 27, 2023 /PRNewswire/ -- Xcelom Limited, a subsidiary of Berry Genomics, has recently signed a cooperation agreement with Ajlan & Bros Medical Company, an Ajlan &Bros Holding subsidiary, to establish a joint venture that will supportSaudi Arabia's "Vision 2030." The joint venture ...

Aramco JV HAPCO to commence construction of major refinery and petrochemical complex in China

2023-03-27 20:32 3656

* Greenfield project to include 300,000 bpd refinery and 1.65 million tons steam cracker * Aramco to supply up to 210,000 barrels per day of crude oil feedstock to the project * Integrated refining and petrochemical complex expected to be fully operational by 2026 * Complex to be located ...

Bestpath Enters into Definitive Merger Agreement with Aquaron Acquisition Corp. (Nasdaq: AQU)

2023-03-27 20:30 5228

SHANGHAI and NEW YORK, March 27, 2023 /PRNewswire/ -- Bestpath (Shanghai) IoT Technology Co., Ltd. ("Bestpath" or the "Company"), a pioneer in the technology and application of hydrogen fuel cell powered vehicles inChina, and Aquaron Acquisition Corp. ("Aquaron") (Nasdaq: AQU), a publicly traded ...

OneConnect and Old Mutual in SA Join Hands to Embark on Digitalization of Life Insurance Business

2023-03-27 11:26 4323

SHENZHEN, China, March 26, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd ("OneConnect" or the "Company", Stock Code: OCFT.US6638.HK), is thrilled to announce that we have entered into an all-round strategic collaboration with Old Mutual in SA to propel the digital transformation o...

Transcoding and Content Security Workflow Simplified: INKA Entworks's PallyCon and Dolby Hybrik Join Hands for an Integrated Solution

2023-03-27 09:00 3156

SAN JOSE, Calif., March 27, 2023 /PRNewswire/ -- PallyCon, a premium, cloud-based content protection service from INKA Entworks has collaborated with Dolby Hybrik, a cloud media processing platform, to provide transcoding and top-notch content security services in a single workflow and in a simpl...

TradeFlow & H2O Venture Partners generate real-world impact for Carbon abatement and UN SDGs enablement

2023-03-27 08:00 2963

"Proof of Work" model simplifies carbon offsets process though focus on relevant core factors SINGAPORE, March 27, 2023 /PRNewswire/ -- With recent  controversies in the carbon markets marring the true potential of genuine carbon offsets for doing good, TradeFlow Capital Management (TradeFlow) a...

WiTricity and ABT e-Line to Bring Wireless EV Charging to the Streets of Europe

2023-03-23 17:00 4244

* ABT e-Line plans for commercial introduction of wireless charging, starting with the Volkswagen ID.4 in 2024 * The companies will work together to accelerate the adoption of wireless charging for EVs by deploying the first aftermarket solutions inEurope KEMPTEN, Germany and WATERTOWN, Mass....

Amcor, Nfinite enter joint research agreement to leverage nanotechnology in recyclable and compostable packaging

2023-03-22 22:16 3064

ZURICH, March 22, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced a joint research project agreement with Nfinite Nanotechnology Inc. to validate the use of Nfinite's nanocoating technology to enhance...

Amogy Secures $139 Million Series B-1 Round of Funding, Moving the Transportation Industry Closer to Clean Energy

2023-03-22 20:00 4431

* The funding will enable the commercialization of the company's innovative ammonia-to-power technology * Led by SK Innovation, other investors include Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC BROOKLYN, N.Y., March 22, 2023 /PRNews...

SIMS METAL ACQUIRES NORTHEAST METAL TRADERS

2023-03-22 12:35 3126

NEW YORK, March 22, 2023 /PRNewswire/ -- Sims Metal, a global leader in metal recycling, today announced that the company will acquire the commercial and operating assets ofPennsylvania-based Northeast Metal Traders (NEMT). The acquisition is anticipated to close inmid-April 2023. NEMT, a non-fe...

Heidrick & Struggles to Acquire Leading Purpose, Culture and Change Consultancy, businessfourzero

2023-03-21 21:15 3653

* Acquisition deepens the firm's suite of culture and organization solutions * Brings specialized capabilities in developing and implementing purpose-driven strategies to companies undergoing major business transformations CHICAGO, March 21, 2023 /PRNewswire/ -- Heidrick & Struggles ("the Compa...

Mindset Health raises US$12m to expand digital hypnotherapy apps & scale distribution

2023-03-21 18:00 2766

Growth to be supported with new talent attracted to a tech company helping people in need MELBOURNE, Australia, March 21, 2023 /PRNewswire/ -- Mindset Health , the digital hypnotherapy company, today announced it has raisedUS$12 (A$17.8) million in an oversubscrib...

Up to US$300m secured to facilitate development of 3Moz Bau Gold Project

2023-03-21 15:53 5264

Highlights * Up to US$300m gold pre-purchase and offtake non-binding drawdown funding facility term sheet signed with major shareholder Quantum Metal Recovery Inc, which Besra believes to be one of the largest deals of its kind signed by an ASX listed junior. * Post-completion the Facility ...

Feutune Light Acquisition Corporation Announces Intention to Extend the Deadline for an Initial Business Combination

2023-03-21 04:30 2951

METUCHEN, N.J., March 20, 2023 /PRNewswire/ -- Feutune Light Acquisition Corporation (NASDAQ: FLFV) (the "Company"), a blank check company incorporated as aDelaware business company, today announced that it received notice from Feutune Light Sponsor LLC (the "Sponsor"), the Company's sponsor, of ...

Aramco and DHL Supply Chain announce new end-to-end Procurement and Logistics Hub joint venture

2023-03-20 21:24 4354

* Plan to provide world-class integrated procurement and supply chain services * First hub of its kind in the region catering to customers in the industrial, energy, chemical and petrochemical sectors * Move expected to help customers drive supply chain efficiency and cost benefits, while red...

Hovione and Ripple Enter Strategic Partnership to Expand Epidel® Platform into Non-Ophthalmic Space

2023-03-20 21:00 2284

LISBON, Portugal, March 20, 2023 /PRNewswire/ -- Hovione, the specialist integrated CDMO, leader in spray drying and particle engineering, and Ripple Therapeutics, a leading ophthalmic sustained drug delivery company, have entered a strategic partnership to expand the use of Ripple's Epidel® plat...

Sharing Economy International Engaged with BIP Consulting for the Development of E-Mobility

2023-03-20 20:03 4280

HONG KONG, March 20, 2023 /PRNewswire/ -- Sharing Economy International Inc (OTC: SEII) has signed and engaged with BIP Consulting ("BIP"), a leading business consultation group, to complete the business negotiation with leading zero-emission electric and hydrogen vehicle manufacturers to form up...

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