Tallinn Circuit Court dismissed the appeal of MPG AgroProduction OÜ
Globenewswire· 2025-09-10 14:10
On 28 November 2023, AS Tallinna Sadam (hereinafter referred to as "Tallinna Sadam") submitted an application to initiate bankruptcy proceedings of MPG AgroProduction OÜ (hereinafter referred to as "MPG"). On 19 January 2024, the debtor submitted its reorganization application. On 12 August 2024, reorganization proceedings of MPG were terminated by the Supreme Court's order and on 15 October 2024 the bankruptcy of MPG was declared. On 14 November 2024, MPG filed an appeal with the Tallinn Circuit Court agai ...
Volvo Trucks rolls out Load Finder to reduce empty miles and increase revenue
Globenewswire· 2025-09-10 14:00
Volvo Trucks Load Finder Photo 1 Volvo Trucks launched Load Finder as a free service designed to help carriers reduce empty miles, improve efficiency, and boost revenue. Load Finder uses real-time data and machine learning to quickly connect trucks with available spot loads and is available to all carriers, regardless of the truck manufacturer or model. Volvo Trucks Load Finder Photo 2 Volvo Trucks North America is now offering Load Finder, a load board service that helps carriers streamline logistic ...
FLS to deliver the world’s largest filtered tailings system to one of the largest and most efficient iron ore beneficiation plants
Globenewswire· 2025-09-10 13:45
PRESS RELEASE FLSmidth & Co. A/S10 September 2025, Copenhagen, Denmark Following a long-standing partnership, a progressive Indian miner and steelmaker has yet again selected FLS to deliver core mining technologies to what is set to become one of the world’s largest, most efficient and sustainable iron ore beneficiation plants globally. This is the fourth consecutive order that FLS has received from the customer within the past nine months. The order includes the delivery of the world’s largest filtered tai ...
Blue Gold Appoints Quazar’s Sameer Salgar to Advisory Board to Establish UAE Ties and Guide Digital Gold Strategy
Globenewswire· 2025-09-10 13:40
Core Insights - Blue Gold Limited has appointed Sameer Salgar, Founding Partner and CFO of Quazar Investment, to its Advisory Board, highlighting the company's strategy to enhance its acquisition efforts and digital gold platform [1][2][4] Company Overview - Blue Gold Limited is a next-generation gold development company focused on acquiring high-potential mining assets globally, aiming to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [6] - The company emphasizes responsible development, operational transparency, and leveraging modern financial technologies to redefine gold production and ownership in the 21st century [6][7] Advisory Board Role - Sameer Salgar's role on the Advisory Board will involve guiding the rollout of digital technology solutions aligned with Blue Gold's Digital Gold Initiative, establishing UAE-based gold deposit and vaulting infrastructure, and facilitating introductions to regional capital providers [3][8] - His extensive experience in leading transformational cross-border transactions and connecting growth companies with global capital partners is expected to add significant value to Blue Gold's strategic initiatives [2][4] Market Context - The demand for gold-backed digital products is expanding, and Blue Gold aims to combine real mining assets with a tokenized gold platform to meet this demand while delivering shareholder growth [4] - Quazar Investment has a strong presence in the UAE, a rapidly growing financial center, which will enhance Blue Gold's access to growth funding and institutional partnerships [2][5]
YY Group Announces Pricing of Registered Offering of Ordinary Shares and Warrants
Globenewswire· 2025-09-10 13:38
Singapore, Sept. 10, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (Nasdaq: YYGH) (“YY Group” or the “Company”) today announced the pricing of a registered offering consisting of 6,666,668 ordinary shares at a purchase price of $0.60 per share, along with warrants to purchase 10,000,002 ordinary shares. The warrants have an exercise price of $0.80 per share and a 3.5-year term. Gross proceeds to the Company are expected to be approximately $4.0 million, assuming no exercise of the warrants, before deduc ...
EUDA Signs Letter of Intent to Potentially Acquire GO POSB
Globenewswire· 2025-09-10 13:30
SINGAPORE, Sept. 10, 2025 (GLOBE NEWSWIRE) -- EUDA Health Holdings Limited (NASDAQ: EUDA) (“EUDA” or the “Company”), a Singapore-based non-invasive healthcare provider in Asia focused on Singapore, Malaysia, and China, today announced that its wholly-owned subsidiary, EUDA Health Pte. Ltd. (“EUDA Health”), has signed a Letter of Intent (the “LOI”) to potentially acquire GO POSB Organoids Pte Ltd (“GO POSB”), a biotechnology company formed in Singapore. GO POSB has developed a proprietary induced pluripote ...
TEN, Ltd. Reports Profits for the Second Quarter and First Half of 2025
Globenewswire· 2025-09-10 13:25
Core Insights - TEN, Ltd reported strong financial results for the first half of 2025, with gross revenues of $390.4 million and net income of $64.5 million, translating to earnings of $1.70 per share [3][6] - The tanker market fundamentals remain robust, supported by rising global oil demand and low inventories, despite challenges from global tariffs and geopolitical tensions [12][13][14] - The company has secured minimum contracted revenue of $3.7 billion, indicating strong future earnings potential [16] Financial Performance - For the first half of 2025, TEN's adjusted EBITDA was $193.2 million, with operating income of approximately $111.0 million [3][6] - In Q2 2025, gross revenues reached $193.3 million, with adjusted EBITDA of $93.9 million and net income of $26.8 million, or $0.67 per share [6][7] - Fleet utilization increased to 96.9% in the first half of 2025, reflecting a higher number of vessels under term contracts [3][28] Operating Metrics - The average Time Charter Equivalent (TCE) per vessel per day for the first half of 2025 was $30,754, remaining healthy despite modest increases in vessel operating expenses [4][6] - Vessel operating expenses rose to $102.3 million, with total operating expenses per vessel per day at $9,743 [4][5] - The fleet's voyage expenses decreased by $15.4 million, settling at $68.0 million [4] Corporate Strategy and Developments - TEN is expanding its fleet with 21 new buildings under construction, including three new VLCC orders, while divesting older vessels [1][9][15] - The company has consistently rewarded shareholders, distributing over $900 million in dividends since its NYSE listing in 2002, with a semi-annual dividend of $0.60 per share paid in July 2025 [11][20] - Geopolitical tensions are influencing seaborne trade flows, which may impact vessel availability and market dynamics [14][15] Future Outlook - The company remains confident in its strategy to grow its fleet and maintain a modern, efficient operation, with a focus on specialized vessels under long-term contracts [15][16] - The recent order for scrubber-fitted VLCCs is expected to enhance the fleet's earning capacity and modernity [9][10]
DAVIDsTEA Announces Date of Second Quarter Fiscal 2025 Earnings
Globenewswire· 2025-09-10 13:16
MONTREAL, Sept. 10, 2025 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today that its financial results for the second quarter of Fiscal 2025 will be released before markets open on September 16, 2025. The Company will host a webcast same day at 8:30 a.m. Eastern Time to discuss the financial results. Details of the webcast Via the internet at: www.davidstea.com, in the "investor" section, or at: https://www.gowebcas ...
NIO Inc. Announces Pricing of US$1 Billion Equity Offering
Globenewswire· 2025-09-10 13:16
SHANGHAI, Sept. 10, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced the pricing of its US$1 billion offering (the “Equity Offering”) relating to a total of 181,818,190 Class A ordinary shares of the Company, which consists of an offering of American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), and an offeri ...
Nutriband Inc. Quarterly Report Highlights Record Revenue for Q2, 2025 up 50.87% YOY and Strategic Progress Toward NDA Filing for AVERSA Fentanyl
Globenewswire· 2025-09-10 13:15
ORLANDO, Fla., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Nutriband Inc. (NASDAQ:NTRB) (NASDAQ:NTRBW) reported its financial results for the six months ended July 31, 2025. The company reported a strong cash position at quarter end, reinforcing its ability to advance the development of its lead product, AVERSA™ Fentanyl which has been granted a Type C meeting on September 18th. Nutriband is continuing to expand its kinesiology tape contract manufacturing services through its Pocono Pharma subsidiary. The company pr ...