Year: 2019

Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and nine months ended September 30, 2019:HighlightsReports a net loss of $10.0 million, or $0.06 per share, for the third quarter of 2019.Reported spot average daily time charter equivalent (“TCE”) for VLCCs, Suezmax tankers and LR2 tankers in the third quarter were $22,900, $16,200 and $15,900, respectively.For the fourth quarter of 2019, we estimate spot TCE of $64,800 contracted for 78% of vessel days for VLCCs, $49,400 contracted for 71% of vessel days for Suezmax tankers and $29,900 contracted for 74% of vessel days for LR2s. The estimated spot TCEs are provided on a load-to-discharge basis. In line with previous quarters, we expect the spot TCEs for the full quarter to be lower than the TCEs currently contracted, primarily due to the impact...

MCH Group AG: Aktionärsgruppe verlangt ausserordentliche GeneralversammlungEine Aktionärsgruppe, die durch die AMG Fondsverwaltung AG vertreten wird, hat bei der MCH Group AG das Begehren auf Einberufung einer ausserordentlichen Generalversammlung gestellt. Die Gruppe beantragt die Traktandierung folgender Verhandlungsgegenstände: Einleitung einer Sonderprüfung zur Strategie; Offenlegung von Geschäftsbüchern; Änderung der Statuten.Aktionäre, die zusammen mindestens 10% des Aktienkapitals vertreten, können die Einberufung einer Generalversammlung verlangen. Zudem können Aktionäre, die Aktien im Nennwert von mindestens CHF 1 Mio. vertreten, die Traktandierung von Verhandlungsgegenständen beantragen. Die durch die AMG vertretende Gruppe erfüllt diese Voraussetzungen.Der Verwaltungsrat der MCH Group prüft nun die Begehren und wird noch vor...

Oslo (Norway), 27 November 2019 – PCI Biotech (OSE: PCIB), a cancer focused biopharmaceutical company today announces its third quarter 2019 result. Please find enclosed the report and presentation.HighlightsfimaChem*Start-up activities for the RELEASE study are progressing well after the study commenced with enrolment of the first patient in May 2019*23 out of 40 planned clinical sites had opened for enrolment by mid-November. While this is 10 sites less than planned and causes a temporary effect on patient recruitment projections, the company expects site activations to be back on track early 2020. The overall RELEASE study timelines are maintained*The first US site was activated only recently and enrolment of the first US patient may therefore slide into 1H 2020*Site selection is ongoing for addition of sites in Asia in 2020,...

BEIJING, Nov. 27, 2019 (GLOBE NEWSWIRE) — Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading national online used car dealer in China, today announced its unaudited financial results for the third quarter ended September 30, 2019.On September 30, 2019, the Company announced that it had entered into definitive agreements with Golden Pacer, a leading financial technology platform in China, to divest its loan facilitation related business, following the announcement made on July 12, 2019 that the Company entered into a binding term sheet with Golden Pacer relating to the divestiture. The transactions contemplated under the definitive agreements are subject to certain closing conditions and expected to close by the end of 2019. Pursuant to the agreements, Golden Pacer takes over the divested business starting from July 1,...

HONG KONG, Nov. 26, 2019 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the release of its Asia Disclosure Index 2019, which tracks corporate disclosure practices amongst 330 publicly listed corporations across eight jurisdictions in Asia: ASEAN (Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam)1, Hong Kong and India.  FTI Consulting’s Asia Disclosure Index 2019 reveals that companies in Asia scored well on corporate disclosure, with an average Voluntary Disclosure score of 6.4 out of a maximum of 10 and an average Board Quality score of 2.4 out of a maximum of 4. However, many companies in the region could improve their risk disclosure standards, with an average Risk Disclosure score of 3 out of a maximum of 5 for all 330 companies.FTI Consulting reviewed public information from the annual...

VANCOUVER, British Columbia, Nov. 26, 2019 (GLOBE NEWSWIRE) — WOW! Unlimited Media Inc. (“WOW!” or the “Company”) (TSX-V: WOW; OTCQX: WOWMF) announced its results for the three and nine months ended September 30, 2019.The Company completed the third quarter of 2019 with revenue of $23.3 million, as compared to $17.7 million for the third quarter of 2018.   Q3 2019 HIGHLIGHTSOperating highlightsWOW!’s popular series Bee and Puppy Cat won the Animated Series Competition Award at the Ottawa Animation Festival in September 2019Animation Production segment revenue was $10.0 million for the three months ended September 30, 2019The production pipeline continues to be strong – as of September 30, 2019, WOW!’s animation production backlog was $64.7 millionWOW! plans to expand its majority-owned Frederator Books digital publishing business...

CALGARY, Alberta, Nov. 26, 2019 (GLOBE NEWSWIRE) — FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the quarter ended September 30, 2019.Tom Schmutz, CEO, remarked, “During the quarter, FLYHT generated substantial topline revenue growth, press released the selection of AFIRS for the Airbus A220, and began shipping backlog acquired from Panasonic Weather Solutions last October.”Third Quarter 2019 ResultsRevenues and Other Income increased by 88% to $5,820,990 compared to the third quarter of 2018. This included:SaaS revenue of $2,649,345, an increase of 131% from the third quarter of 2018;Hardware revenue of $1,864,523, an increase of 13% from 2018’s third quarter;Licensing revenue of $589,546, an increase of 122% from the third quarter of 2018;A Technical...

TORONTO, Nov. 26, 2019 (GLOBE NEWSWIRE) — Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star” or the “Company”) responds to the latest tactics of a dissident shareholder group (the “Dissidents”) and confirms that no special meeting of shareholders of the Company (the “Shareholders”) will take place on December 11, 2019.The dissidents’ latest initiative involves issuing inaccurate press releases falsely alleging a valid Shareholders meeting will take place on December 11, 2019, apparently soliciting shareholders in contravention of securities laws and inappropriately filing an information circular and form of proxy on the Company’s SEDAR profile. As confirmed in the Company’s press release dated October 17, 2019, and communicated to the Dissidents and the Ontario Securities Commission, the...

VANCOUVER, British Columbia, Nov. 26, 2019 (GLOBE NEWSWIRE) — Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies to the global semiconductor industry, is pleased to announce that company management is scheduled to participate in the 8th Annual NYC Investor Summit (“NYC Summit”) on Tuesday, December 17, 2019 at the Parker New York Hotel in New York City.The presentation material utilized during the NYC Summit will be made accessible in the investor relations section on Photon Control’s website at www.photoncontrol.com.About The 8th Annual NYC SummitThe NYC Summit is hosted by executive management from participating companies and will feature a “round-robin” format consisting of small group meetings, each 30 minutes in duration. During the event,...