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Conference of International Trade and Investment Advisory Council for Shandong Province 2025 Convenes
Globenewswire· 2025-11-26 03:35
Core Viewpoint - The Conference of the International Trade and Investment Advisory Council for Shandong Province 2025 focused on enhancing Shandong's role as a hub for high-standard international cooperation through discussions on green, low-carbon, and high-quality development [4]. Group 1: Conference Overview - The conference was held on November 24, 2025, in Jinan, Shandong Province, and was organized by the China Council for the Promotion of International Trade (CCPIT) Shandong Sub-council [4]. - Over 50 international advisors and delegates from more than 10 countries participated, including representatives from the United States, Germany, Britain, Italy, Mexico, Malaysia, Singapore, and Kenya [4]. Group 2: Advisory Mechanism and Reports - Seven new advisors were appointed during the conference, expanding Shandong's international think tank [5]. - A total of 18 advisory reports were submitted, covering areas such as green and low-carbon initiatives, biopharmaceuticals, digital economy, and cross-border economic cooperation [7]. - The advisory mechanism has engaged prominent figures from the global business community since its launch in December 2021 [8]. Group 3: Policy Recommendations and Implementation - Advisors have submitted over 50 policy recommendations addressing Shandong's key development priorities, contributing to energy consumption reductions and the growth of green industries [10]. - The mechanism has facilitated trade and investment projects, with significant investments including 10 billion yuan from Singapore RGE Group for a Lyocell fiber production base and 3.5 billion yuan projected from ERGO International for insurance sector partnerships [11].
Leaders from FF and FX Attend the Ras Al Khaimah Investment & Business Summit to Advance EAI Mobility Strategy in the Middle East; Delivery of First FX Super One Vehicle to Andrés Iniesta in Dubai Scheduled for November 27
Globenewswire· 2025-11-26 02:36
Core Insights - Faraday Future has signed a strategic cooperation with Ras Al Khaimah Innovation City to develop a new regional energy mobility ecosystem and plans to expand its operations facility in Ras Al Khaimah [1][2][3] Group 1: Strategic Developments - The collaboration with Ras Al Khaimah Innovation City marks a new phase in Faraday Future's Middle East strategy, focusing on creating an EAI intelligent mobility ecosystem [2] - The company operates a manufacturing and operations center in Ras Al Khaimah, covering 108,000 square feet, which supports production for both Faraday Future and FX vehicles [3] Group 2: Product Launch and Market Response - The FX Super One was officially launched in Dubai on October 28, 2025, priced at AED 309,000, and received over 200 B2B paid pre-orders within 48 hours [6] - The inaugural global delivery ceremony for the FX Super One is scheduled for November 27, where the first vehicle will be delivered to soccer star Andrés Iniesta [4] Group 3: Leadership Perspectives - Tin Mok, Head of FF UAE, highlighted the strategic positioning of Ras Al Khaimah Innovation City as an AI-driven free zone, which aligns with the innovative goals of Faraday Future and FX [5] - Paul Dawalibi, CEO of Ras Al Khaimah Innovation City, expressed strong expectations for the partnership, emphasizing the importance of FF and FX as innovation partners [5]
TTEC Expands Operations in Egypt Following Global Offshoring Summit Engagement
Globenewswire· 2025-11-26 02:14
Core Insights - TTEC Holdings, Inc. announced a significant expansion of its operations in Egypt, following the 2025 Global Offshoring Summit in Cairo [1][3] - The company plans to increase its workforce in Cairo by 3,500 employees by 2029 to meet rising global client demand [3][6] - TTEC's Cairo facility will serve as a strategic global hub for delivering integrated omnichannel customer experience (CX) support and piloting next-generation technologies [5][6] Company Expansion - TTEC first entered the Egyptian market in 2023 and expanded in early 2025 with a new facility in Maadi Technology Park, which currently employs over 500 staff [4][5] - The facility supports 11 languages, including Arabic, English, French, and Spanish, and will continue to grow as client needs increase [4][5] Strategic Importance - Egypt is positioned as a key part of TTEC's global delivery network, leveraging the country's multilingual talent and government support [5][7] - The expansion is expected to create thousands of jobs across various functions, including frontline support, operations, and technology [6][7] Technological Advancements - TTEC's Cairo operations will enhance its ability to provide omnichannel support, including voice, chat, and analytics, while also serving as an innovation hub for AI-enabled solutions [5][6] - The company emphasizes extensive training in AI tools, cloud systems, and cybersecurity for its workforce [6]
Faircourt Asset Management Inc. Announces November Distribution
Globenewswire· 2025-11-26 01:00
Core Points - Faircourt Asset Management Inc. announced a monthly distribution for the Faircourt Gold Income Corp. fund, with a distribution amount of $0.024 per share [1][2] - The ex-dividend date is set for November 28, 2025, with the record date also on November 28, 2025, and the payable date on December 12, 2025 [2] Company Information - Faircourt Asset Management Inc. serves as the Investment Advisor for Faircourt Gold Income Corp. [2] - The Faircourt Fund is traded on the CBOE under the symbol FGX [2] Additional Information - Investors should be aware of ongoing fees and expenses associated with owning units of an investment fund, and detailed information can be found in public filings [3]
Fountain Asset Corp. Announces Its Financial Results for the Quarter Ended September 30, 2025
Globenewswire· 2025-11-26 00:43
Core Insights - Fountain Asset Corp. reported financial results for Q3 and the nine months ended September 30, 2025, highlighting significant gains and a strong financial position [1][6]. Q3 2025 Highlights - The company realized $1.48 million in gains from the sale of portfolio investments, benefiting from increased trading prices in the technology and mining sectors [4]. - Net assets were valued at $8.56 million or $0.13 per share, an increase from $5.51 million or $0.09 per share at the end of 2024, representing a 44% increase year to date on a per share basis [5][8]. - The net comprehensive loss was reduced to $0.03 million compared to a loss of $0.71 million in Q3 2024 [8]. - Total gains from investment activity amounted to $0.42 million, contrasting with losses of $0.43 million in Q3 2024 [8]. - Operating expenses were maintained at a low level of $0.14 million, down from $0.26 million in Q3 2024 [8]. Nine Months Ended September 30, 2025 Highlights - The company reported a net comprehensive income of $3.03 million, a significant turnaround from a net comprehensive loss of $1.65 million for the same period in 2024 [8]. - Total income from investment activity reached $4.07 million, compared to a total loss of $0.98 million for the nine months ended September 30, 2024 [8]. - Net realized gains on the sale of portfolio investments were $3.24 million, compared to net realized losses of $0.08 million in the prior year [8]. - Net unrealized gains on portfolio investments were $0.74 million, contrasting with net unrealized losses of $0.90 million for the same period in 2024 [8]. - Total expenses for the nine months were $1.02 million, up from $0.67 million in the previous year [8]. Company Overview - Fountain Asset Corp. operates as a merchant bank, providing equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [9].
SC II Acquisition Corp. Announces Pricing of $150,000,000 Initial Public Offering
Globenewswire· 2025-11-25 23:40
Core Viewpoint - SC II Acquisition Corp. has announced the pricing of its initial public offering (IPO) of 15,000,000 units at a price of $10.00 per unit, with trading set to begin on November 26, 2025 [1] Company Overview - The Company is a blank check company formed to pursue a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses across any industry or geographical location [2] - The Company's sponsor is managed by Nukkleus Defense Technologies, Inc., a wholly-owned subsidiary of Nukkleus Inc, with Menny Shalom serving as the Chief Executive Officer and director [2] Offering Details - The IPO consists of 15,000,000 units, each comprising one Class A ordinary share and one right to receive one fifth (1/5) of a Class A ordinary share upon the completion of the initial business combination [1] - The offering is expected to close on November 28, 2025, subject to customary closing conditions [1] - D. Boral Capital is the sole book-running manager for the offering, with legal counsel provided by Ellenoff Grossman & Schole LLP and Appleby (Cayman) Ltd. [3] Additional Information - The Company has granted underwriters a 45-day option to purchase up to an additional 2,250,000 units at the IPO price to cover over-allotments [3] - A registration statement for the units and underlying securities became effective on November 25, 2025 [4]
Ascendis Announces Extension of FDA Review Period for TransCon CNP (navepegritide) for Children with Achondroplasia
Globenewswire· 2025-11-25 23:15
Core Viewpoint - Ascendis Pharma A/S announced that the FDA has extended the PDUFA target action date for TransCon CNP by three months to February 28, 2026, due to a major amendment related to post-marketing requirements [1]. Group 1: FDA Interaction - The company has responded to all outstanding FDA requests, including a revised protocol for the post-marketing study, and is committed to working diligently with the FDA to finalize these elements [2]. - The extension of the PDUFA date indicates ongoing regulatory review and the need for additional information from the company [1]. Group 2: Company Overview - Ascendis Pharma is a global biopharmaceutical company focused on innovative therapies using its TransCon technology platform to address unmet medical needs [3]. - The company is headquartered in Copenhagen, Denmark, with additional facilities in Europe and the United States [3].
KITRON ASA: PRIMARY INSIDER NOTIFICATION
Globenewswire· 2025-11-25 22:38
(2025-11-25) Reference is made to the stock exchange announcement made by Kitron ASA (the "Company") on 25 November 2025 regarding the successful private placement (the "Private Placement") where the Company allocated 17,000,000 new ordinary shares in the Company ("Offer Shares") at an offer price of NOK 57.25 per share (the "Offer Price"). In connection with the Private Placement, the following persons discharging managerial responsibilities were allocated Offer Shares in the Private Placement at the Offer ...
Elme Communities Declares Initial Special Liquidating Distribution
Globenewswire· 2025-11-25 22:36
Core Points - Elme Communities has announced a special liquidating distribution of $14.67 per share, to be paid on January 7, 2026, to shareholders of record as of December 22, 2025 [1][2] - This distribution follows the completion of the sale of Elme's 19-property portfolio on November 12, 2025, and is part of a voluntary Plan of Sale and Liquidation approved by shareholders [2][6] Distribution Details - The Special Dividend is more than 25% of the price of Elme's common shares, leading to the NYSE advising that shares will trade with "due bills" from December 22, 2025, to January 7, 2026 [3][4] - Investors must hold shares through the payment date to be eligible for the Special Dividend, with the record date being used for due bill tracking [4][5] Tax Implications - Information regarding the expected U.S. federal income tax consequences of the Special Dividend and additional liquidating distributions is summarized in the Definitive Proxy filed on September 24, 2025 [6] Company Overview - Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro [7]
KITRON ASA: PRIVATE PLACEMENT SUCCESSFULLY PLACED
Globenewswire· 2025-11-25 22:27
Core Viewpoint - Kitron ASA has successfully completed a private placement of up to 17,000,000 new ordinary shares, raising approximately NOK 973.25 million in gross proceeds to finance the acquisition of DeltaNordic AB and for general corporate purposes [2][3][4]. Group 1: Private Placement Details - The private placement involved the allocation of 17,000,000 Offer Shares at an offer price of NOK 57.25 each [3]. - Approximately NOK 814 million of the net proceeds will be used for the cash consideration in the acquisition of DeltaNordic AB, with excess funds directed towards general corporate purposes and strengthening the balance sheet [4]. - The Offer Shares will be issued based on the existing board authorization from the annual general meeting held on 24 April 2025 [5]. Group 2: Settlement and Registration - Notifications of allocation and payment instructions are expected to be distributed on 26 November 2025 [6]. - Settlement of the private placement will occur on a delivery versus payment basis, with expected registration of the share capital increase with the Norwegian Register of Business Enterprises around 27 November 2025 [7][8]. - Following the registration, the company's share capital will amount to NOK 21,640,285.90, divided into 216,402,859 shares [9]. Group 3: Shareholder Considerations - The private placement deviates from shareholders' pre-emptive rights, but the board believes it serves the common interest of the company and its shareholders by enabling efficient equity financing [10][11]. - The private placement will result in a limited dilution of existing shareholders, representing 8.5% new shares, with pricing set at a modest discount of approximately 4.9% to the last closing price [12]. Group 4: Management Participation - Key management personnel, including the CEO and CFO, were allocated Offer Shares in the private placement, indicating confidence in the company's future [17]. Group 5: Company Overview - Kitron ASA is a leading Scandinavian electronics manufacturing services company, with operations across multiple countries and revenues of EUR 647 million in 2024 [14].