Month: July 2024

TIAN RUIXIANG Holdings Ltd Reports Financial Results for Fiscal Year Ended October 31, 2023

Written by Customer Service on July 17, 2024. Posted in Earnings Releases And Operating Results.

BEIJING, July 17, 2024 (GLOBE NEWSWIRE) — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the “Company”), a China-based insurance broker conducting business through its variable interest entity in China, today announced its financial results for the fiscal year ended October 31, 2023. Ms. Sheng Xu, the Chief Executive Officer of the Company, commented, “For the year ended October 31, 2023, the Company generated revenue of about $1.2 million, representing an 8.0% decrease compared to the prior year’s revenue. This decline was primarily attributable to the lower commissions from several insurance products and loss of certain insurance company partners amid an increasingly competitive market and challenging macroeconomic environment in China.” “However, we achieved a significant increase of approximately $612,000 in the...

FEMSA announces agreement with Mill Point Capital to divest FEMSA’s refrigeration and foodservice equipment operations

Written by Customer Service on July 17, 2024. Posted in Mergers And Acquisitions.

MONTERREY, Mexico, July 17, 2024 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Mill Point Capital LLC, a leading private equity firm, to divest FEMSA’s refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis. This transaction represents an additional step in the continued execution of the FEMSA Forward plan that was communicated in February of 2023. The transaction is subject to regulatory approvals and other customary conditions, and is expected to close in the following months. About FEMSAFEMSA is a company that creates economic and social value through companies and institutions and strives to be the best...

Farmers & Merchants Bancorp (FMCB) Reports Second Quarter 2024 Earnings

Written by Customer Service on July 17, 2024. Posted in Earnings Releases And Operating Results.

Second Quarter 2024 HighlightsNet income of $21.8 million, or $29.39 per share; up 4.85% on a per share basis from the second quarter of 2023; Achieved a return on average assets of 1.58% and a return on average equity of 15.33%; Solid liquidity position with $296.0 million in cash, $1.0 billion in investment securities and a borrowing capacity of $2.1 billion with no outstanding borrowings as of June 30, 2024; Continued growth in capital with a total risk-based capital ratio of 14.58%, common equity tier 1 ratio of 13.09%, tier 1 capital ratio of 13.32% and a tangible common equity ratio of 10.72%; Credit quality remains strong with net recoveries of $14,000; no non-accrual loans or leases at quarter-end; and a total allowance for credit losses of 2.13%.LODI, Calif., July 17, 2024 (GLOBE NEWSWIRE) — Farmers & Merchants...

Press Release: NEJM publishes ALTUVIIIO XTEND-Kids phase 3 data supporting its potential to transform the treatment landscape for children with severe hemophilia A

Written by Customer Service on July 17, 2024. Posted in Public Companies.

NEJM publishes ALTUVIIIO XTEND-Kids phase 3 data supporting its potential to transform the treatment landscape for children with severe hemophilia AALTUVIIIO provides high-sustained factor levels with once-weekly dosing in children under 12 with hemophilia A XTEND-Kids results show highly effective bleed protection in hemophilia A with no inhibitor development to factor VIIIParis, July 17, 2024 – Full results from the XTEND-Kids phase 3 study published in The New England Journal of Medicine (NEJM) highlights the efficacy, safety, and pharmacokinetic profile of ALTUVIIIO [Antihemophilic Factor (Recombinant), Fc-VWF-XTEN Fusion Protein]. ALTUVIIIO (efanesoctocog alfa), a first-in-class, high-sustained factor VIII replacement therapy, is approved for adults and children with hemophilia A for routine prophylaxis and on-demand treatment...

BC’s Rental Protection Fund Announces Acquisition of 50 Affordable Homes in Parksville

Written by Customer Service on July 17, 2024. Posted in Mergers And Acquisitions.

This marks the protection of much-need affordable housing for seniors at risk of displacement PARKSVILLE, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) — Today, the Rental Protection Fund (the Fund) and the Province of British Columbia announces the acquisition of 50 affordable rental homes in Parksville, B.C. This marks the transfer of ownership of 211 Moilliet St., “Moilliet Manor,” to Ballenas Housing Society (Ballenas), securing much-needed affordable housing in a community with the highest concentration of seniors per capita in the Province. The Fund granted Ballenas $5 million in capital to acquire the site, which was earmarked for redevelopment following its listing for sale by the previous owners, along with $1.25 million for building renewal. Constructed in 1976, the building comprises three one-bedroom units, 46 two-bedroom...

Brookfield Renewable Announces Results of Conversion Privilege of Series 3 Preference Shares

Written by Customer Service on July 17, 2024. Posted in Public Companies.

BROOKFIELD, NEWS, July 17, 2024 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced that after having taken into account all election notices received by the July 16, 2024 deadline for conversion of Brookfield Renewable Power Preferred Equity Inc.’s (“BRP Equity”) currently outstanding Class A Preference Shares, Series 3 (the “Series 3 Shares”) (TSX: BRF.PR.C) into Class A Preference Shares, Series 4 (the “Series 4 Shares”), no Series 3 Shares will be converted into Series 4 Shares. Based on the number of Series 3 Shares tendered for conversion, BRP Equity determined that there would be fewer than the 1,000,000 Series 4 Shares outstanding on July 31, 2024 required to give effect to the conversion. Brookfield Renewable Brookfield Renewable operates one of the world’s...

StoneCo Ltd. to Announce Second Quarter 2024 Financial Results on August 14th, 2024

Written by Customer Service on July 17, 2024. Posted in Public Companies.

GEORGE TOWN, Grand Cayman, July 17, 2024 (GLOBE NEWSWIRE) — StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 14th, 2024 at 5:00pm ET (6:00pm BRT). A press release with second quarter 2024 financial results will be issued after the market closes that same day. The conference call can be accessed live over the Zoom webinar (ID: 854 5992 8852| Password: 819157). You can also access the meeting over the phone by dialing +1 646 931 3860 or +1 669 444 9171 from the U.S. Callers from Brazil can dial +55 21 3958 7888. Callers from the UK can dial +44 330 088 5830. The call will also be webcast live and a replay will be available a few hours after the call concludes. The live webcast and replay will be available...

Consistent Performance, Patient Strategy Yield Solid Q2 Results: There’s No Place Like HOMB

Written by Customer Service on July 17, 2024. Posted in Earnings Releases And Operating Results.

CONWAY, Ark., July 17, 2024 (GLOBE NEWSWIRE) — Home BancShares, Inc. (NYSE: HOMB) (“Home” or the “Company”), parent company of Centennial Bank, released quarterly earnings today. Quarterly HighlightsMetric Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023Net income $101.5 million $100.1 million $86.2 million $98.5 million $105.3 millionNet income, as adjusted (non-GAAP)(1) $103.9 million $99.2 million $92.2 million $94.7 million $102.6 millionTotal revenue (net) $254.6 million $246.4 million $245.6 million $245.4 million $257.2 millionIncome before income taxes $133.4 million $130.4 million $112.8 million $129.3 million $136.9 millionPre-tax, pre-provision, net income (PPNR) (non-GAAP)(1) $141.4 million $134.9 million $118.4 million $130.6 million $140.9 millionPPNR, as adjusted (non-GAAP)(1) $141.9 million $133.7 million $126.4...

Rapid Micro Biosystems to Announce Second Quarter 2024 Financial Results on August 2, 2024

Written by Customer Service on July 17, 2024. Posted in Public Companies.

LOWELL, Mass., July 17, 2024 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission-critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, will release second quarter 2024 financial results prior to the market open on Friday, August 2, 2024. In conjunction with the release, the Company’s management team will host a webcast conference call at 8:30 a.m. ET on Friday, August 2, 2024. The live webcast will be accessible on the Company’s website here and will be available for replay for one year from the webcast date. About Rapid Micro BiosystemsRapid Micro Biosystems is an innovative life sciences technology company providing mission critical automation solutions to facilitate the...

Mercer International Inc. Receives Improved ESG Risk Rating from Sustainalytics

Written by Customer Service on July 17, 2024. Posted in Public Companies.

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) — Mercer International Inc. (“Mercer” or the “Company”) (Nasdaq: MERC), a global forest products company with operations in Germany, the U.S. and Canada, announces that it has received an ESG Risk Rating of 17.4 from Sustainalytics. This rating places Mercer in the low-risk group and the 20th percentile of the 16,215 companies rated worldwide. The rating marks a 4.0-point improvement since 2023, underscoring Mercer’s ongoing commitment to sustainability and effective ESG risk management. Juan Carlos Bueno, President and CEO of Mercer, stated, “The strong improvement in our Sustainalytics risk rating reflects our ongoing efforts to integrate sustainable practices into our core business operations. It also highlights our commitment to creating long-term value for our stakeholders by...

Month: July 2024

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