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Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
Core Insights - Quest Resource Holding Corporation has successfully sold a non-core segment of its business, specifically the tenant-direct portion of the RWS commercial property management business, to Lincoln Waste Solutions for approximately $5 million in cash at closing, with potential additional payments based on future performance [2][3]. Financial Impact - The sale is expected to enhance the company's focus on its core portfolio, which is anticipated to yield greater growth and financial returns. It also eliminates a segment that contributed to inconsistent financial performance without generating profits [2][4]. - The total consideration for the sale includes a cash payment of $5 million, with additional amounts not exceeding $6.5 million based on future performance, along with a one-time payment related to acquired accounts receivable [3]. Strategic Focus - The transaction aligns with the company's initiatives aimed at increasing profitability, improving operational efficiencies, and generating more consistent financial results. The company plans to utilize the cash from the sale to pay down debt [4]. - The CEO of Lincoln Waste Solutions expressed confidence in managing the newly acquired clients, highlighting their tailored strategies and extensive experience in the waste management sector [5][7]. Company Overview - Quest Resource Holding Corporation is a national provider of waste and recycling services, focusing on helping larger businesses meet their environmental and sustainability goals. The company offers expertise across various industry sectors to create client-specific solutions that yield measurable business and sustainability outcomes [6]. - Lincoln Waste Solutions, part of Reconomy, specializes in full-service waste and recycling management solutions, serving multi-location businesses across the U.S., Canada, and Puerto Rico, with a focus on maximizing cost savings and enhancing recycling rates [7][8].
Cerro de Pasco Resources Receives Final Approval to List on the TSX Venture Exchange
Globenewswire· 2025-03-12 12:00
Core Points - Cerro de Pasco Resources Inc. has received final approval from TSX Venture Exchange for the listing of its common shares effective March 13, 2025, with trading commencing on March 14, 2025 [1] - The company will delist its shares from the Canadian Securities Exchange, with the last trading day on the CSE also being March 14, 2025 [1] - The common shares will continue to trade on the United States OTCQB and the Frankfurt Stock Exchange under their respective symbols [2] Budgeted Work Program of the Metalurgista Project - The company has initiated a two-phase work program on the El Metalurgista concession, with a total budget of $1,024,500 for both phases as per the 2021 Technical Report [3][4] - Due to inflationary pressures and the addition of geophysical and environmental programs, the Phase 1 budget has been updated to $1,607,359, with $620,000 yet to be expended [5] - Phase 2 metallurgical testwork will depend on the outcomes of Phase 1, focusing on the evaluation of potential re-processing of historical Quiulacocha tailings [6] Company Overview - Cerro de Pasco Resources is focused on the development of its 100% owned El Metalurgista mining concession, which consists of silver-rich mineral tailings and stockpiles from over a century of operations at the Cerro de Pasco open pit mine in Central Peru [8] - The company's approach includes reprocessing and environmental remediation of mining waste, contributing to a circular economy [8]
AMCOR AND BERRY GLOBAL RECEIVE US ANTITRUST CLEARANCE FOR COMBINATION; ON TRACK FOR CLOSING IN MID CALENDAR YEAR 2025
Prnewswire· 2025-03-11 10:45
Core Viewpoint - Amcor plc and Berry Global Group, Inc. have received U.S. antitrust clearance for their proposed combination, with expectations to close the transaction in mid-calendar year 2025 [1][2][3] Group 1: Regulatory Approvals - The expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act satisfies a closing condition for the merger [1] - Additional regulatory approvals have been received from authorities in China and Brazil, indicating progress in the approval process [2] Group 2: Company Profiles - Amcor is a global leader in responsible packaging solutions, generating $13.6 billion in annual sales with operations in 40 countries and a workforce of 41,000 [4] - Berry Global is also a leader in innovative packaging solutions, employing over 34,000 people across more than 200 locations, focusing on sustainability and the circular economy [5]
Creative Global Technology(CGTL) - Prospectus(update)
2024-03-22 15:05
As filed with the U.S. Securities and Exchange Commission on March 22, 2024 Registration No. 333-273329 AMENDMENT NO. 8 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________ Creative Global Technology Holdings Limited (Exact name of Registrant as specified in its charter) ____________________ Not Applicable (Translation of Registrant's name into English) | Cayman Islands 5045 | Not Applicable | | --- | --- | | (State or other jurisdiction of (Primary Standard Industrial | ...