Day: January 15, 2025

Comment from Fund Manager Viljar Arakas Despite a challenging economic environment, EfTEN Real Estate Fund AS successfully increased both total rental income and EBITDA in 2024. The fund’s portfolio expanded with the addition of two new logistics properties, and we are planning to grow in the care home segment. EfTEN Real Estate Fund AS is primarily a dividend share. For 2024, we have set the goal to distribute dividends of €1.10 per share, which corresponds to 5.7% of yesterday’s closing share price. The fund’s management intends to increase the leverage of investment properties where the current loan-to-value (LTV) ratio has decreased significantly below the guidelines of the fund’s financing policy. While the leverage ratio for real estate funds in Europe is on average approximately 50% of the market value of assets, EfTEN Real Estate...

Enters into definitive agreement with an affiliate of Global Risk Capital to divest its asbestos-related liabilities at a cost of US$143 million Enters exclusive negotiations with Framatome for the sale of its French subsidiaries for a purchase price of US$175.2 million (€170 million), with the benefit of the transfer of an intercompany loan of US$23.2 million (€22.5 million), for total consideration to Velan of US$198.4 million (€192.5 million)MONTREAL, Jan. 14, 2025 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today major strategic initiatives that will significantly reduce operating and financial risks as well as strengthen its financial position. All amounts are expressed in U.S. dollars unless indicated otherwise. “We believe these two...

AUSTIN, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) — Mondee Holdings, Inc. (OTC: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, today announced that it has entered into a restructuring support agreement which outlines a series of transactions that will strengthen the Company’s balance sheet and position it for long term success, including a term sheet to sell substantially all of the assets of the Company to a newly formed entity owned by, among others, affiliates of TCW Asset Management Company LLC and Wingspire Capital LLC (the “TCW Bid”). If the TCW Bid is the successful one, following the closing of the sale, Mr. Prasad Gundumogula will have a 75% equity stake in, and serve as CEO of, the newly formed entity. To effect the sale of the Company to the current bidder...

Advertisers can now buy Samsung TV Plus inventory programmatically in Singapore, the Philippines, and Thailand through Magnite SINGAPORE, Jan. 15, 2025 (GLOBE NEWSWIRE) — Magnite (Nasdaq: MGNI), the largest independent sell side advertising company, announced it has strengthened its partnership with Samsung Ads to power programmatic advertising on Samsung TV Plus inventory in Singapore, the Philippines and Thailand for the first time. Advertisers now have programmatic access to premium video inventory on Samsung’s free ad-supported streaming TV (FAST) service, Samsung TV Plus, which went live across the Southeast Asia region late last year. Samsung TV Plus is now available on millions of Samsung Smart TVs across Singapore, the Philippines, and Thailand. The built-in streaming service delivers free, instant access to a wide range...

Dubai, UAE, Jan. 14, 2025 (GLOBE NEWSWIRE) — NWTN Inc, a pioneer in sustainable energy and mobility (“NWTN”), and W Motors Automotive Group Holding Limited, a homegrown brand and a mobility solutions provider in UAE (“W Motors”), are proud to announce a strategic joint venture aimed at expanding their automotive business throughout diverse mobility projects. This partnership will combine NWTN’s network and access with W Motors’ design and technology excellence to create an unparalleled portfolio of sustainable and solutions-focused vehicles for different sectors and regions.  Under the terms of the joint venture, NWTN and W Motors will collaborate on research and development, manufacturing, and market expansion strategies, with a focus on mid luxury vehicles, security and enforcement vehicles as well as sustainable mobility solutions...

VANCOUVER, British Columbia, Jan. 14, 2025 (GLOBE NEWSWIRE) — HYTN Innovations Inc. (CSE: HYTN, FSE: 85W0, OTC PINK: HYTNF) (“HYTN” or the “Company”), a pharmaceutical company specializing in pharmaceutical-grade cannabis manufacturing is pleased to announce that it has received a new set of import permits from the United Kingdom’s Home Office and corresponding export permits from Health Canada. These permits enable the fulfillment of international orders totaling over 400 kilograms of Good Manufacturing Practice (GMP) cannabis products, advancing HYTN’s global reach and operational capabilities. This development underscores HYTN’s strategic transformation from a cannabis producer primarily serving the Canadian recreational market to a global manufacturer of non-sterile pharmaceuticals. The Company’s focus on international...