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Brera Holdings Joins City Football Group as Second Multi-Club Owner in Italy's Serie B League
GlobeNewswire News Room· 2025-07-28 12:10
Core Insights - Brera Holdings PLC has become the second multi-club ownership (MCO) entity in Italy's Serie B League, alongside City Football Group, enhancing its competitive positioning in the football industry [1][2] - The company's portfolio club, S.S. Juve Stabia, has achieved a remarkable 245% increase in market value, reaching US $32 million, marking the highest valuation growth in Serie B for the 2024-25 season [3][4] - Brera Holdings is actively expanding its global portfolio, having made strategic acquisitions and investments in various football clubs across different regions, including Africa and North Macedonia [8][9] Company Developments - Brera Holdings acquired a 52% majority stake in SS Juve Stabia, finalizing the acquisition on June 20, 2025, which is a significant step in the company's MCO strategy [9] - The company has established a presence in Africa with the creation of Brera Tchumene FC in Mozambique, which quickly ascended to the First Division [8] - Brera's strategic investments include a 90% stake in Fudbalski Klub Akademija Pandev in North Macedonia and a joint stock company for the women's football club Tiverija Strumica [8] Market Positioning - Brera Holdings is positioned as a forward-thinking leader in the global sports industry, focusing on bottom-up value creation and socially impactful outcomes [9] - The company aims to leverage its ownership of Juve Stabia to enhance its competitiveness in professional football, as indicated by the significant valuation increase [5] - The recent Serie B Owners' Meetings facilitated networking opportunities with other club owners and provided insights into trends affecting the league [2]
City Office REIT Enters into Definitive Agreement for Sale at $7.00 per Share of Common Stock in Transaction Valued at Approximately $1.1 Billion
Prnewswire· 2025-07-24 10:00
Core Viewpoint - City Office REIT, Inc. has entered into a definitive merger agreement with MCME Carell Holdings, under which MCME Carell will acquire all outstanding shares of City Office for $7.00 per share in cash, valuing the transaction at approximately $1.1 billion [1][2][3]. Transaction Details - The transaction price of $7.00 per share represents a 26% premium to City Office's closing share price on the NYSE prior to the announcement and a 39% premium to the volume weighted average share price over the previous 90 days [2]. - Holders of City Office's 6.625% Series A Cumulative Preferred Stock will receive $25.00 per share in cash, plus all accrued and unpaid distributions up to the date of transaction consummation [2]. - The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including shareholder approval [4]. Company Actions - City Office will pay its previously announced second quarter dividend but has resolved to suspend future common stock dividend payments until the transaction closes [5]. - Upon completion of the transaction, City Office will become a private company, and its shares will no longer trade on the NYSE [6]. Company Background - City Office REIT is focused on acquiring, owning, and operating office properties primarily in Sun Belt markets, currently owning or controlling 5.4 million square feet of office properties [8][9]. - MCME Carell is affiliated with Elliott Investment Management and Morning Calm Management, managing approximately $72.7 billion in assets [10].
City Holding(CHCO) - 2025 Q2 - Quarterly Results
2025-07-22 14:38
For Immediate Release July 22, 2025 For Further Information Contact: David L. Bumgarner, Executive Vice President and Chief Financial Officer (304) 769-1169 NEWS RELEASE City Holding Company Announces Record Quarterly Results Charleston, West Virginia – City Holding Company ("Company" or "City") (NASDAQ:CHCO), a $6.6 billion bank holding company headquartered in Charleston, West Virginia, today announced record quarterly net income of $33.4 million and diluted earnings of $2.29 per share for the quarter end ...
City Holding (CHCO) Q2 Earnings and Revenues Top Estimates
ZACKS· 2025-07-22 13:40
While City Holding has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? City Holding (CHCO) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.24%. A quarter ago, it was expected that this bank holding company for ...
Gold price faces a crossroad this week, and there's no guarantee the break will be to the upside – City Index's Scutt
KITCO· 2025-07-21 19:00
Core Insights - The article discusses the current state of the gold market, highlighting significant price levels and net interest trends in the sector [1][2]. Group 1: Gold Market Overview - Gold prices are reported at 593.9 billion and 898.9 billion, indicating a notable interest in the commodity [1][2]. - The net interest in gold has shown fluctuations, reflecting changing investor sentiment and market dynamics [1][2]. Group 2: Author Background - The author, Ernest Hoffman, has over 15 years of experience in market reporting, specializing in crypto and market news [3]. - Hoffman has a background in journalism and has contributed to various media and educational organizations, enhancing the credibility of the insights provided [3].
Gold faces a crossroad this week, and there's no guarantee the break will be to the upside – City Index's Scutt
KITCO· 2025-07-21 18:58
Core Insights - The article discusses the current state of the gold market, highlighting significant price levels and net interest trends in the sector [1][2]. Group 1: Gold Market Overview - The gold price is reported at 593.9 billion, indicating a strong market presence [1]. - Another report indicates a gold price of 898.9 billion, suggesting fluctuations in market valuation [2]. - The net interest in gold is noted, reflecting investor sentiment and market dynamics [1][2]. Group 2: Author Background - The author, Ernest Hoffman, has over 15 years of experience in market reporting, specializing in crypto and market news [3]. - Hoffman has a background in establishing media services and producing economic news content, showcasing expertise in financial journalism [3].
Bem-vindo, City Express by Marriott -- Now Arriving in Brazil
Prnewswire· 2025-07-15 13:00
Core Insights - Marriott International has signed a long-term agreement to develop 30 City Express by Marriott hotels in Northeast Brazil over the next 15 years, marking the brand's debut in the country with seven new hotels [1][3][5] - The new properties will contribute over 750 guest rooms across key growth destinations in Northeast Brazil, reinforcing Marriott's commitment to expanding access to quality accommodations in emerging markets [6][8] Company Expansion - The signing ceremony was attended by local government officials, representatives from FÁBRICA DE HOTÉIS, Marriott executives, and media, highlighting the collaborative effort in this expansion [2] - City Express by Marriott is experiencing rapid growth, now present in five countries with over 60 projects in the pipeline, indicating a strong impact in the midscale hospitality segment [4][10] Market Strategy - The brand's expansion aligns with Marriott's strategy to diversify its offerings and capture new customer segments, particularly in the affordable midscale segment [5][10] - The new hotels will cater to a diverse range of guests, including business professionals and leisure travelers, reflecting the economic and tourism growth in Brazil's Northeast region [8][9] Future Developments - Additional hotels are planned along the coastal area of Cabo de Santo Agostinho and other regions, with openings expected by 2029, further enhancing the brand's footprint in Brazil [9] - The first hotel in Ipojuca, Pernambuco, will open in the Suape Industrial Port Complex, a significant hub for economic development, with another property in Porto de Galinhas expected by 2028 [7][8]
City View Signs Binding LOI for Stablecoin Treasury Management Platform - Arkenyield
Newsfile· 2025-07-15 10:00
Core Viewpoint - City View Green Holdings Inc. is set to acquire up to a 20% interest in Arkenyield, a digital asset yield platform, for a total investment of $575,000, reflecting its strategy to expand in the digital finance sector, particularly in stablecoins [1][2][10] Group 1: Acquisition Details - The acquisition will involve purchasing up to 20% of Arkenyield's issued and outstanding securities for $575,000, which will be paid through a mix of common shares and a convertible debenture [2][9] - The convertible debenture will have a five-year term and can be converted into common shares at a price of $0.05 per share [9] - The transaction is contingent upon City View completing its proposed change of business (COB) and fulfilling customary closing conditions, including due diligence [3][4] Group 2: Strategic Shift - City View is transitioning from a "cannabis issuer" to an "investment issuer," which is classified as a fundamental change under Canadian Securities Exchange (CSE) policy [2] - This strategic shift will require CSE and shareholder approval before the transaction can be finalized [11] Group 3: Arkenyield Overview - Arkenyield is a digital asset yield platform that focuses on generating returns from stablecoins, utilizing proprietary Concentrated Liquidity Market-Making (CLMM) strategies [7][10] - The platform aims to meet the growing institutional demand for stablecoin yield infrastructure, recognizing stablecoins as essential to global financial systems [7][10] Group 4: Future Plans - City View is considering integrating cryptocurrency into its treasury management, potentially allocating capital to digital assets, including stablecoins, to enhance stability and liquidity [5] - The company plans to engage Arkenyield for specialized treasury management services to navigate the digital asset landscape [5]
City Office REIT Announces Second Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-07-11 20:05
Group 1 - City Office REIT, Inc. will release its financial results for the quarter ended June 30, 2025, before the market opens on July 31, 2025 [1] - A conference call will be held at 11:00 am Eastern Time on July 31, 2025, to discuss the financial results [2] - A supplemental financial package will be available on the company's website to accompany the discussion [2] Group 2 - City Office REIT is focused on acquiring, owning, and operating office properties primarily in Sun Belt markets [6] - The company currently owns or has a controlling interest in 5.4 million square feet of office properties [6] - City Office has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes [6]
Happy City Holdings Limited Announced Partial Exercise of Underwriter's Over-Allotment Option
GlobeNewswire News Room· 2025-07-11 15:00
Core Viewpoint - Happy City Holdings Limited has successfully completed a partial exercise of its over-allotment option in its initial public offering, raising additional funds for business expansion and working capital [1][2]. Group 1: Offering Details - The underwriters exercised their over-allotment option to purchase an additional 112,000 Class A Ordinary Shares at a price of $5.00 per share, resulting in additional gross proceeds of $0.56 million [1]. - The total number of Class A Ordinary Shares sold in the offering increased to 1,212,000 shares, with total gross proceeds reaching $6.06 million before deductions [1]. - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on June 24, 2025, under the symbol "HCHL" [1]. Group 2: Use of Proceeds - The company intends to utilize the net proceeds from the offering for business expansion in Hong Kong and Southeast Asia, as well as for working capital and general corporate purposes [1]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering mixed style, Shabu Shabu-style, and Thai-style specialty hotpot [5]. - The company emphasizes a strong commitment to food quality and aims to provide an immersive dining experience through its unique brand image and prime restaurant locations [5].