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Day: March 28, 2022

JD.com Announces JD Property’s Series B Financing

BEIJING, March 28, 2022 (GLOBE NEWSWIRE) — JD.com, Inc. (“JD.com”) (Nasdaq: JD; HKEx: 9618), a leading supply chain-based technology and service provider, today announced that JD Property, a subsidiary of JD.com and the infrastructure asset management and integrated service platform within the group, has entered into definitive agreements for its non-redeemable series B preferred share financing with investors led by Hillhouse Investment, Warburg Pincus, and one leading global institutional investor, among others. The total amount raised in this round is expected to be approximately US$800 million. The transaction is subject to customary closing conditions. JD.com will remain the majority shareholder of JD Property after the completion of this transaction. It is expected that the financing will facilitate JD Property’s business...

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Scorpio Tankers Inc. Announces Agreements to Sell Three Vessels

MONACO, March 28, 2022 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announces that the Company has entered into agreements to sell three vessels (two LR2s and one MR). The sale price of the two LR2s (2015 built STI Savile Row and STI Carnaby) is $86.0 million in aggregate, and the sale price of the MR (2014 built STI Benicia) is $26.5 million. Scorpio Services Holding Limited, a related party, owns a non-controlling 7.50% interest in the buyer of STI Benicia. The Company is expected to raise additional liquidity of approximately $55.0 million from these transactions, which are expected to close in the second and third quarters of 2022. About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently...

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BioPorto A/S announces results of rights issue – Offering fully subscribed

March 28, 2022Announcement no. 3 This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan or any jurisdiction in which such publication or distribution would be unlawful. This announcement does not constitute or form a part of any offer to sell or solicitation of an offer to purchase or subscribe for securities in United States, Canada, Australia or Japan or any other jurisdiction in which it would be unlawful to do so. Any failure to comply with this may constitute a violation of US, Canadian, Australian or Japanese securities laws or the securities laws of other states as the case may be. Any securities described herein may not be offered or sold in the United States absent registration or an exemption from...

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MannKind Corporation to Participate in the Lytham Partners Spring 2022 Investor Conference

DANBURY, Conn., March 28, 2022 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products for patients with endocrine and orphan lung diseases, announced today that its Chief Executive Officer, Michael Castagna, PharmD, will participate in the Lytham Partners Spring 2022 Investor Conference taking place virtually on April 4-7, 2022. The Company’s webcast presentation will be available for viewing at 11:00am ET on Monday, April 4, 2022, on the Company’s website at or https://wsw.com/webcast/lytham4/mnkd/2026590. The webcast will also be archived and available for replay. Management will be participating in virtual one-on-one meetings throughout the event. To arrange a meeting with management, please contact Lytham Partners at 1×1@lythampartners.com...

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First Quantum Files Updated Technical Report for Ravensthorpe

TORONTO, March 28, 2022 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today filed an updated Technical Report for the Ravensthorpe Nickel Operations (“RNO”) in Western Australia. The purpose of this Technical Report is to incorporate updates that reflect the recently completed Mineral Resource and Mineral Reserve estimates and to provide commentary on the status of operations, including recent development work being undertaken to bring the Shoemaker-Levy open pit mine into full production. The effective date for the Mineral Resource and Mineral Reserve estimates is December 31, 2021. The updated RNO models for Halleys, Hale-Bopp, Shoemaker-Levy, Shoemaker-Levy North and Nindilbillup, incorporate recent drilling and metallurgical test work results. The Shoemaker-Levy deposit makes up...

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SEB Adds 3 New Multi-Year Client Wins, 2 in Canada, 1 in the U.S.A.

MISSISSAUGA, Ontario, March 28, 2022 (GLOBE NEWSWIRE) — Smart Employee Benefits Inc., (“SEB” or “the Company”) (TSXV:SEB, OTCQB:SEBFF), announces 3 new client wins. The USA win is to a multi-state industrial company to deploy SEB’s MarvalNA Service Management solutions, with a recurring revenue profile. The second win is a Crown Corporation supply arrangement with a term of 5 years plus 6 options years. The third is another Crown Corporation and has a term of 3 years with 3 option years. Both supply arrangements give SEB vendor status and the right to participate in the delivery of IT solutions and services for these entities. The IT budgets of these entities are tens of millions of dollars annually. These three wins add to our $205 million of contract wins and extensions over the past 15 months and add to over $470 million of...

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Eagle Pharmaceuticals Agrees to Terms to Acquire Acacia Pharma Group plc

Expects to add two U.S. Food and Drug Administration (“FDA”)-approved, new chemical entities (“NCEs”) with patent life into 2031 and expand acute care footprint Commercialized assets, BARHEMSYS® (amisulpride for injection) and BYFAVO® (remimazolam for injection), represent a strong strategic fit with Eagle’s specialized hospital-based salesforce Addressable market for the two products combined is estimated to be $3.1 billion per year1 Anticipates significant financial synergies from the proposed transaction Company to hold investor conference call to discuss proposed transaction on Thursday, March 31, 2022, at 8:30am ETWOODCLIFF LAKE, N.J., March 28, 2022 (GLOBE NEWSWIRE) — Eagle Pharmaceuticals, Inc. (Nasdaq: EGRX) (“Eagle” or the “Company”) today announced it has reached agreement on the terms of a transfer of the entire issued...

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Functional Protein Market to Worth USD 15.98 Billion by (2021-2028) | Functional Protein Industry CAGR of 14.48%

Companies covered in functional protein market are DuPont Nutrition (U.S.), Essentia Protein Solutions (U.S.), Glanbia plc (Ireland), ProtiFarm (Netherlands), ADM (U.S.), AMCO Proteins (U.S.), DSM (Netherlands), Merit Functional Foods (Canada), Plantible Foods (U.S.), Roquette Frères (France) and more players profiled Pune, India, March 28, 2022 (GLOBE NEWSWIRE) — The global functional protein market is expected to rise in the coming years, owing to the increasing demand for plant-based proteins and awareness about healthy dietary supplement consumption. Fortune Business Insights™ publishes this information in a report titled, “Functional Protein Market, 2021-2028”. As per the report, the functional protein market size was USD 5.24 billion in 2020. The market size is expected to rise from USD 6.20 billion in 2021 to...

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Sydbank share buyback programme: transactions in week 12

        Company Announcement No 11/2022Peberlyk 46200 AabenraaDenmark Tel +45 74 37 37 37Fax +45 74 37 35 36 Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk28 March 2022  Dear Sirs Sydbank share buyback programme: transactions in week 12On 2 March 2022 Sydbank announced a share buyback programme of DKK 425m. The share buyback commenced on 7 March 2022 and will be completed by 30 December 2022. The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules. The following transactions have been made under the share buyback programme:  Number...

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CLEAN MOTION ON RE:VOLT – COLLABORATION PROJECTS IN FULL SWING. THE ORDER OPENS THIS SUMMER.

Revolt solar chargedClean Motion has now started a total of six collaboration projects for optimization of Re:volt. The work on the projects has begun, and the goal is to roll out the first commercial pilot fleets during the coming fall. Another four projects will start in the spring. The projects cover most of the typical uses-cases of urban transport and together they will contribute to a complete customer offering for the European market. The ordering of Re:volt opens this summer. During the fall of 2021, Clean Motion had dialogues with many companies in the last-mile segment. The purpose has been to find relevant partners to optimize and complete final versions of Re:volt to suit different uses-cases. Several of these partners are now in place, and the work is underway. The selected companies operate in retail, food deliveries,...

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