Day: September 21, 2020

StoneCastle Financial Corp. Releases Month End Net Asset Value as of August 2020

DENVER, Sept. 21, 2020 (GLOBE NEWSWIRE) — StoneCastle Financial Corp., (NASDAQ:BANX) (“StoneCastle Financial” or the “Company”), today announced that the Company’s unaudited Net Asset Value (“NAV”) as of August 31, 2020 was $21.04. The NAV was up $0.22 or approximately 1% as compared to the prior month-end.This NAV is not a comprehensive statement of our financial condition or results for the month ended August 31, 2020. We advise you that our NAV per share for the third quarter ended September 30, 2020 may differ materially from this NAV, which is given only as of August 31, 2020.About StoneCastle Financial Corp.StoneCastle Financial is an SEC registered non-diversified, closed-end investment company listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide stockholders...

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AAON, Inc. Presenting at DA Davidson and Sidoti Virtual Conferences

TULSA, Okla., Sept. 21, 2020 (GLOBE NEWSWIRE) — AAON, Inc. (NASDAQ: AAON) today announced that Gary Fields, President and CEO and Scott Asbjornson, Vice President and CFO will present at this week’s DA Davidson and Sidoti Virtual Conferences.AAON will present virtually on Tuesday, September 22, 2020 at 8:00 AM (ET) at the DA Davidson 19th Annual Diversified Industrials & Services Conference.Webcast Link – https://wsw.com/webcast/dadco50/aaon/1882688AAON will present virtually on Thursday, September 24, 2020 at 10:45 AM (ET) at the Sidoti Fall 2020 Investor Conference.Presentation materials are available on the AAON website. https://www.aaon.com/InvestorsAbout AAONAAON is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom...

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CAPREIT Completes Western Ontario Acquisitions

TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the previously-announced purchase of two properties in London and Sarnia, Ontario aggregating 301 residential suites. CAPREIT paid $50.0 million for the two properties, funded by CAPREIT’s cash and cash equivalents.The London property is a six-storey apartment building located in Southwest London containing a mix of 107 bachelor, one and two-bedroom suites. Located within a short walk of the Thames River, the property is close to a shopping mall, public gardens and other amenities, as well as local transport and access to major thoroughfares.The Sarnia property consists of a ten-storey apartment building, a three-storey apartment building and 60 townhomes totaling 194...

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LVMH takes note of the Delaware Court’s decision and is actively preparing for the next deadlines

Paris, September 21st, 2020LVMH takes note of the decision by the Delaware Court of Chancery, which stated that the trial should begin in January 2021 and not before the November 24, 2020 Outside Date as Tiffany had requested.LVMH is fully confident that it will be able to defeat Tiffany’s accusations and convince the Court that the conditions necessary for the acquisition of Tiffany are no longer met. In this regard, in the coming months, LVMH will demonstrate to the American justice system that the mismanagement of Tiffany during the COVID-19 crisis constitutes a Material Adverse Effect.LVMHLVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays,...

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LVMH prend acte de la décision de la Cour du Delaware et prépare activement les prochaines échéances

Paris, le 21 septembre 2020LVMH prend acte ce jour de la décision de la Cour de Justice du Delaware, qui s’est prononcée en faveur d’un procès devant commencer en janvier 2021, et non pas en novembre 2020 tel que le demandait Tiffany. LVMH est pleinement confiant dans sa capacité à repousser les accusations de Tiffany et à convaincre la Cour que les conditions de réalisation de cette acquisition ne sont plus réunies. A cet égard, LVMH démontrera au cours des prochains mois à la justice américaine que la mauvaise gestion de Tiffany durant la crise du COVID-19 constitue un Material Adverse Effect. LVMHLVMH Moët Hennessy Louis Vuitton est présent dans les Vins & Spiritueux au travers notamment des Maisons Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays,...

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AGF Management Limited and WaveFront Global Asset Management Partner to Deliver Investment Management Capabilities to Rapidly Growing China and South Korea Markets

TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) — AGF Management Limited (AGF) and WaveFront Global Asset Management Corp. (WaveFront) today announced the launch of AGFWave Asset Management Inc. (AGFWave), a new joint venture for providing asset management services and products in China and South Korea.AGFWave combines AGF’s investment expertise and global brand strength with WaveFront’s existing distribution capabilities in China and South Korea, including partnerships with industry leaders in both regions.“Combining AGF’s investment capabilities with the robust distribution channels and sales capabilities of WaveFront’s strategic partners Hwabao WP Fund Management, J Royal Asset Management and Vogo Fund Asset Management mean AGFWave is well positioned to capitalize on the rapidly growing asset management industries in China and South...

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La Société de Gestion AGF Limitée et WaveFront Global Asset Management forment un partenariat pour offrir des services de gestion de placements aux marchés croissants de la Chine et de la Corée du Sud

TORONTO, 21 sept. 2020 (GLOBE NEWSWIRE) — La Société de Gestion AGF Limitée (« AGF ») et WaveFront Global Asset Management Corp. (« WaveFront ») ont annoncé aujourd’hui le lancement de la société AGFWave Asset Management Inc. (« AGFWave »), une nouvelle coentreprise qui offrira des produits et des services de gestion de l’actif en Chine et en Corée du Sud.AGFWave réunit le savoir-faire d’AGF en matière d’investissement et la marque respectée de celle-ci à l’échelle mondiale, de même que les compétences reconnues de WaveFront sur le plan de la distribution en Chine et en Corée du Sud, y compris des partenariats avec des chefs de file du domaine au sein de ces deux régions.« La conjonction des compétences d’AGF en matière d’investissement, de même que des solides canaux de distribution et compétences sur le plan des ventes que possèdent...

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VERUS INTERNATIONAL REPORTS RECORD THIRD QUARTER RESULTS

Gaithersburg, MD, Sept. 21, 2020 (GLOBE NEWSWIRE) — Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) reported record results for its third fiscal quarter ended July 31, 2020. In conjunction with this release, the Company is also providing additional details on significant business developments occurring subsequent to its quarter end.For fiscal Q3 2020, management is noting the following items of importance:Revenue achieved an all-time 3rd quarter record, reaching $6.2 million, an increase of 78% over the $3.5 million reported in Q3 2019;Q3 revenue marked the Company’s 9th consecutive quarter of double- or triple-digit year-over-year revenue growth;The global pandemic continued to impact suppliers, customers and transport during Q3, but did show gradual improvement during the quarter;Gross profit margin was 14.8%,...

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Kingsoft Cloud Announces Proposed Follow-on Public Offering of American Depositary Shares

BEIJING, Sept. 21, 2020 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced the commencement of the offering of 8,000,000 American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company (the “Primary ADS Offering”). In addition, several selling shareholders are offering 9,677,310 ADSs of the Company (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”). Kingsoft Cloud will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company intends to grant the underwriters of the ADS Offering a 30-day option to purchase up to an additional 2,651,600 ADSs from the Company.J.P. Morgan Securities LLC, UBS Securities LLC, Credit...

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Kingsoft Cloud and CEC D-Commerce Tech Form Strategic Partnership to Drive Healthcare Cloud Development in China

BEIJING, Sept. 21, 2020 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced that the Company has recently entered into a multi-year strategic framework agreement (the “Agreement”) with CEC D-Commerce Technology (Shanghai) Co., Ltd. (“CEC D-Commerce Tech”), to invest in and expand healthcare cloud services, re-engineering the data services layer, and improving the analytical capabilities of healthcare organizations across China.Pursuant to the Agreement, both companies will jointly develop cloud-based healthcare solutions, and provide healthcare organizations with powerful data analysis and application tools which can significantly reduce on-premise IT construction, operation and maintenance costs for hospitals...

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