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AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C(AHMA) - Prospectus(update)
2025-06-27 16:49
As filed with the U.S. Securities and Exchange Commission on June 27, 2025. Registration No. 333-284789 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Translation of Registrant's Name into English) ____________________ | Cayman Islands | 7900 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification No.) | | | 630 Business Village Block ...
Novaturas secured EUR 9M in surety insurance from the international Insurance company Euroins AD
Globenewswire· 2025-06-02 15:40
Core Points - Novaturas Group signed a suretyship agreement with Euroins AD for a EUR 9 million insurance limit to ensure fulfillment of obligations to travelers [1][2] - The partnership with Euroins is aimed at strengthening Novaturas' market position and enhancing credibility with clients and partners [2] - Novaturas has extended its credit line with Luminor Bank, with a EUR 3 million loan repayment extended until the end of the year [7][8] Company Overview - Novaturas Group is a leading tour operator in the Baltic States, offering a wide range of travel destinations and services for 25 years [9] - In 2024, Novaturas recorded revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [9] Insurance and Regulatory Context - Tourism regulations mandate that tour operators must ensure obligations through insurance or bank guarantees to protect travelers [3] - Euroins AD is a prominent insurance provider in Bulgaria and operates in multiple European countries, specializing in travel insurance [5][6]
Novaturas Group Secures Additional EUR 1 Million Loan
Globenewswire· 2025-05-26 16:15
Core Insights - Novaturas Group has decided to expand its loan agreement with strategic investor Neset Kockar from Turkey, receiving an additional EUR 1 million loan and extending the maturity of an existing EUR 1 million loan [1][2] - The new loan agreement reflects a growing partnership between Novaturas and its investor, highlighting the benefits of this collaboration [3] Financial Details - The initial loan agreement was signed in March 2023, with a short-term loan of up to EUR 1 million, repayable by 30 June 2025, at an annual interest rate of 8.5% [2] - Following the amendments, the loan maturity has been extended to 30 June 2026, and the company will receive an additional EUR 1 million loan under the same terms [2] Company Overview - Novaturas Group is a tour operator with 25 years of experience, offering a wide range of travel destinations from the Baltic States [4] - In 2024, Novaturas recorded revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [4]
Notification on the disposal and acquisition of the voting rights
Globenewswire· 2025-05-07 14:45
Company Overview - Novaturas Group is the only local charter tour operator in the Baltic States with over 25 years of experience [2] - The company offers a variety of travel services including summer and winter recreational trips, sightseeing, exotic destinations, skiing, workation, and group trips to numerous locations worldwide [2] - In 2024, Novaturas Group reported revenues of EUR 201 million and served 239 thousand passengers across Lithuania, Latvia, and Estonia [2] Recent Developments - AB Novaturas has announced the receipt of notifications regarding the disposal and acquisition of voting rights [1]
Novaturas announces a 23.2% share sale agreement with Turkish businessman N. Kockar
Globenewswire· 2025-04-30 17:49
Core Insights - Novaturas has signed an agreement for a strategic investment, with Neset Kockar acquiring 23.2% of the company's shares, marking a significant development for the company [1][6][10] - The investment is expected to enhance Novaturas' competitive advantage and growth opportunities through Kockar's extensive tourism network and experience [2][4] Company Overview - Novaturas is a well-established tour operator in the Baltic States, operating for 25 years and offering a wide range of travel destinations [12] - In 2024, Novaturas recorded revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [13] Investment Details - The first stage of the transaction involved Kockar acquiring 1,811,258 shares at a price of EUR 0.64 per share, totaling EUR 1.159 million [7][9] - The second stage will see Kockar acquire an additional 9.99% of shares, bringing his total ownership to 33.19% upon completion [10] Strategic Plans - The company plans to review its strategy and development prospects, aiming to leverage synergies with Kockar's businesses in popular travel destinations [3][8] - Novaturas intends to expand its range of hotels and travel offers, enhancing customer experience tailored to different traveler needs [3][4] Financial Support - Kockar has provided a loan of EUR 1 million to strengthen Novaturas' financial capacity, which is crucial for navigating the seasonal fluctuations in the tourism market [9]
CORRECTION: Regarding the publication date of Novaturas audited annual report
Globenewswire· 2025-04-29 17:48
Company Overview - Novaturas Group is a tour operator with 25 years of experience, offering a wide range of travel destinations from the Baltic States [4] - In 2024, the company recorded revenues of EUR 201 million and served 239 thousand passengers in Lithuania, Latvia, and Estonia [4] Financial Reporting Updates - The publication date of the audited financial statement for 2024 has been rescheduled to June 12, 2025, due to extended audit and internal financial report preparation processes [1] - The delay is attributed to the reconciliation of balances with overseas suppliers and adjustments to required information [1] - During the 2023 audit, management initiated a reconciliation of balances with suppliers for prior periods, which contributed to the delay [2] - The 2023 financial statements included a qualification indicating that certain data may be subject to adjustments [2] Future Financial Statements - Prior period adjustments will not affect the 2024 results, and reconciliation processes for 2024 are proceeding smoothly [3] - Management aims to ensure the quality and accuracy of the 2024 financial statements, complying with all applicable requirements [3] - The goal is to eliminate the qualification related to prior periods in future reports [3]
Haman Group, one of The Largest Inbound Tour Operators in Scandinavia, Selects Flywire as its Exclusive International Payments Partner
Globenewswire· 2025-03-18 13:00
Core Insights - Haman Group has selected Flywire as the exclusive international payments partner for its brands Authentic Scandinavia and Authentic Europe, aiming to enhance payment experiences for international clients [1][4] - The partnership will streamline payment processing and reconciliation by integrating Flywire with Haman Group's booking system, addressing inefficiencies from the previous legacy payments system [3][6] Company Overview - Haman Group is one of the largest inbound tour operators in Scandinavia, offering a wide range of travel services backed by over 60 years of experience [2][9] - The company operates five travel brands: Haman Scandinavia, Cities+Tours, Terra Nova Scandinavia, Authentic Scandinavia, and Authentic Europe [2][10] Payment System Improvements - The previous manual invoicing system lacked transparency, leading to unexpected fees for clients, which Flywire aims to resolve through automated and digitized payment processes [3][6] - Flywire provides flexible, localized payment options, allowing guests to pay in their local currency with competitive exchange rates and 24/7 live support [4][6] Operational Efficiency - The integration with Flywire's system allows for automatic payment reminders and streamlined reconciliation, enabling Haman Group to focus more on enhancing travel experiences [4][6] - Flywire supports over 4,500 clients with diverse payment methods in more than 140 currencies across over 240 countries, showcasing its extensive capabilities in the payments sector [8]
AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C(AHMA) - Prospectus
2025-02-07 22:18
As filed with the U.S. Securities and Exchange Commission on February 7, 2025. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) ____________________ Cayman Islands 7900 Not Applicable (State or other jurisdiction of incorporation or organi ...