Despite 70% of shareholders voting in favour of the $124m buyout, the votes against surpassed the 10% limit stipulated by Hong Kong Law to defeat a privatisation deal. Currently, the IMAX Corporation, which is parent to IMAX China, owns 71.6% of its subsidiary. It needed 75% of the votes to get the deal through. In…
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The newly-appointed GMBHA board member previously held the position of chief financial officer at both Medibank Private and Healthscope. In this role, Sammels gained extensive knowledge and experience in private health insurance and hospital landscapes. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The company believes his expertise in finance, accounting, capital developments, and…
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The global financial sphere kept a close eye on stocks to identify and track the specific geopolitical risks as relevant markets opened on Monday. Analysts predicted a rise in the buying of assets such as gold and US currency, followed by an increased demand for US Treasuries. In line with these predictions, US stock futures…
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Heidkamp, who also steps up as Executive Director, has been a key fixture at RJO with nearly three decades of experience at the Chicago-based firm. He will use his expertise in trading and operations to lead the regional US team and support the company’s quest to expand into new asset classes and locations. Lloyd is…
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Reuters indicated both JPMorgan (JPM.N) and HSBC (HSBA.L) considered the bids for the bank but decided against a takeover as it required too much additional capital. On Saturday, certain Metro Bank bondholders met the company’s executives to discuss funding of £500m and agree on a takeover deal before the market opens on Monday. Metro Bank…
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While several other major companies have opted to exit the UK to avoid legal hot water, Binance is willing to adhere to increasingly stringent compliance requirements to remain active in the market. The good news for customers is that most of its services comply with the new regulations. That means Margin Trading, Spot Trading, Binance…
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Experts estimate that such an acquisition could be worth as much as $60bn. They would be Exxon’s most significant endeavour since the $81bn merger with Mobil Corp. in To date, one of 2023’s biggest agreements were the Pfizer Inc. $43bn acquisition of Seagen Inc. The Wall Street Journal first reported the possibility of an Exxon…
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This makes the company one of eight Microelectronics (ME) Commons regional innovation hubs announced by the US Department of Defence. As a CLAWS Hub member, BluGlass will develop next-generation photonics devices for commercial and strategic defence applications. Led by the North Carolina State University, this hub received $39.4 million in funding for the first year…
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The German trading and investing group delivered revenue of €28.4m for the three quarters to 30th September. The ample returns helped NAGA Group back into the black after recording a €4.2m loss for the same period a year ago. A notable reduction in marketing and operational costs was key to the profit-making in Q1, Q2…
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Bitcoin was not the only cryptocurrency experiencing a decline. Ethereum also missed the mark, sliding below the $1,650 level. The global crypto market cap suffered a 0.89% blow, bringing its total value to approximately $1.08tn. Surprisingly positive results from the Job Openings and Labor Turnover Survey (JOLTS) strengthened 10-year bond yields, which are experiencing the…
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