Tag: Million

KGW to Raise RM16.73 Million from ACE Market IPO

KGW Group Berhad, a provider of logistics services including ocean freight services, air freight services and freight forwarding services as well as warehousing and distribution of healthcare-related products and devices, today launched the Group’s prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.The IPO will raise RM16.73 million via the issuance of 79.66 million new shares at the IPO price of RM0.21 per share to fund KGW’s future expansion as well as for working capital and repayment of bank borrowings. The proceeds will be used in the following manner: – RM2.00 million ... Read more

AEON Credit Revenue Jumps 36.2% to HK$380.0 Million in First Quarter of 2023/24, Profit Increases by 17.3% to HK$97.0 Million

AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its results for the three months ended 31 May 2023 (“Q12023” or the “Reporting Period”). In Q12023, the Group’s revenue climbed by 36.2% year-on-year to HK$380.0 million, and operating profit before impairment losses and impairment allowances surged by 39.4% to HK$177.0 million. Meanwhile, profit after tax was up 17.3% to HK$97.0 million, with earnings per share increasing to 23.16 HK cents (Q12022: 19.74 HK cents). During the Reporting Period, the Group continued to use targeted marketing and successful marketing promotions to boost sales and ... Read more

Pacific Green Completes Transaction to Sell Its 99MW Richborough Energy Park Battery Development for GBP 74 Million (US$93 Million)

Pacific Green Technologies, Inc. (“Pacific Green”), (OTCQB:PGTK) announces that it has completed the sale of 100% of the shares in Pacific Green Battery Energy Parks 1 Limited (“PGBEP1”) to Sosteneo Fund 1 HoldCo S.a.r.l, an energy transition focused fund for GBP74 million (US$93 million). PGBEP1 is the holding company for 100% subsidiary, Richborough Energy Park Limited, Pacific Green’s 99MW battery energy storage system (“BESS”) at Richborough Energy Park (“REP”) which begins operations later this summer. Scott Poulter, Pacific Green’s CEO, commented: “The sale of Richborough Energy Park creates the platform for Pacific Green to now scale its Battery Park division ... Read more

SCIB Awarded RM20.65 million Project to Rebuild School

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group’s wholly-owned subsidiary, SCIB Industrialised Building System Sdn. Bhd., has secured an engineering, procurement, construction, and commissioning (EPCC) contract from Jabatan Kerja Raya Sarawak (JKR) valued at RM20.65 million for the rebuilding of Sekolah Daif in Tebedu, Serian. En. Rosland bin Othman, Group Managing Director and Chief Executive Officer of SCIB The contract has a duration of 24 months and comes under the third phase of the Sarawak government’s RM1 billion allocation for dilapidated schools. Rosland bin Othman, Group MD and CEO of SCIB (Link) Group Managing Director ... Read more

Lion One Secures US$37 Million Financing Facility from Nebari

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, “Nebari”), with Nebari Collateral Agent, LLC as collateral agent and certain Lion One subsidiaries as guarantors, for a Financing Facility of up to US$37M (the “Financing Facility”). Proceeds from the Financing Facility will accelerate project construction and development at the Company’s 100% owned and fully permitted high-grade ... Read more