Month: July 2021

Comment by Fund manager Viljar Arakas: The financial results of EfTEN Real Estate Fund III AS in the first half of 2021 have been better than expected. The fund’s EBITDA for the first six months of this year totals 4.89 million euros, which is 27% higher than the EBITDA for the same period last year. By the beginning of the year, the alarmingly rapid spread of the coronavirus had severely limited business in Latvia and Lithuania, and the outlook was pessimistic. In Estonia, significant movement restrictions came into force in February. Nevertheless, we were able to keep all the fund’s assets running successfully – as far as restrictions allowed, and we applied very strict controls on running costs. In terms of management, the first half of the year focused primarily on our customers / tenants. Client-specific solutions...

KUALA LUMPUR, Malaysia, July 12, 2021 (GLOBE NEWSWIRE) — A Memorandum of Understanding (MOU) will be sealed on 1 August between Toga Limited’s (OTC: TOGL) wholly-owned subsidiary, TOGL Technology Sdn Bhd (TOGL Technology), and INTI International College Subang, for the Annual Yippi Sticker Contest, beginning 1 August to mid-December 2021. The MOU provides both parties an opportunity to initiate joint projects such as promotional programs and activities, on top of the institution’s panel of judges who will be assessing and evaluating all competition entries. “This is our fourth year organizing the Yippi Sticker Contest, where we are able to provide a platform for highly creative group to express their creativity and inspiration to the fullest through their sticker creations and meet like-minded artistic individuals. This MOU represents...

Orelabrutinib is a Phase 2 oral small molecule Bruton’s tyrosine kinase inhibitor with high selectivity and the ability to cross the blood-brain barrier InnoCare to receive a $125 million upfront payment and is eligible to receive potential development and commercial milestone paymentsCAMBRIDGE, Mass. and BEIJING, July 12, 2021 (GLOBE NEWSWIRE) — Biogen Inc. (Nasdaq: BIIB) and InnoCare Pharma Limited (HKEX: 09969) today announced that they have entered into a license and collaboration agreement for orelabrutinib, an oral small molecule Bruton’s tyrosine kinase inhibitor (BTKi) for the potential treatment of multiple sclerosis (MS). Orelabrutinib is a covalent BTKi with high selectivity and the ability to cross the blood-brain barrier, and is currently being studied in a multi-country, placebo-controlled Phase 2 trial in relapsing-remitting...

WHITE PLAINS, N.Y., July 12, 2021 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc., a Maryland corporation (the “Company”) (NasdaqCM: NECB), announced today that it has completed its “second-step” conversion pursuant to which NorthEast Community Bancorp, MHC has converted to the stock holding company form of organization. The Company, the new stock holding company for NorthEast Community Bank (the “Bank”), sold 9,784,077 shares of common stock at $10.00 per share, for gross offering proceeds of $97.8 million in its subscription offering.   Concurrent with the completion of the conversion and reorganization, shares of common stock of NorthEast Community Bancorp, Inc., a federally chartered corporation and the former parent company for the Bank (the “Mid-Tier Holding Company”), owned by public shareholders have been exchanged...