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VCI Global Announces Spin-Off of VCCG at US$168 Million Valuation as Part of Dual-Track IPO Strategy
Globenewswire· 2025-12-04 20:30
Core Viewpoint - VCI Global Limited has announced the spin-off of its capital markets advisory subsidiary, V Capital Consulting Group, at a valuation of US$168 million, aiming to transition towards a more focused, technology-driven business model while retaining a 30% equity interest in the subsidiary [1][5]. Group 1: Spin-Off and Valuation - The spin-off of V Capital Consulting Group (VCCG) is valued at US$168 million, which is seen as a significant milestone for VCI Global as it aligns with the company's long-term strategic direction [5]. - VCI Global will maintain a 30% equity interest in VCCG, allowing for a balance between independence and strategic oversight [1][4]. Group 2: Dual-Track IPO Strategy - The transaction represents the first execution of VCI Global's dual-track IPO strategy, which aims to unlock subsidiary value and improve capital efficiency [2]. - The dual-track structure consists of two pathways: 100% pre-money carve-out IPOs for core technology divisions and 30% retained spin-off IPOs for mature portfolio divisions [2][3]. Group 3: Strategic Focus and Growth - The spin-off enhances VCI Global's balance sheet flexibility without diluting shareholder value, enabling VCCG to pursue independent capital-raising initiatives [4]. - VCI Global's strategy focuses on allocating resources to high-growth technology verticals, including AI, GPU infrastructure, cybersecurity, and digital asset infrastructure [4][5]. Group 4: Company Overview - V Capital Consulting Group specializes in capital markets advisory services, including pre-IPO, IPO, and post-IPO phases, as well as merger and acquisition advisory services [6]. - VCI Global operates across various sectors, including AI solutions, digital asset infrastructure, and renewable energy projects, positioning itself as a platform builder in technology and financial architecture [8].
Vontier Named to Newsweek's Most Responsible Companies 2026 List
Businesswire· 2025-12-04 18:00
Group 1 - Vontier Corporation has been named to Newsweek's list of America's Most Responsible Companies for 2026, marking the third consecutive year the company has received this recognition [1] - The company's ranking improved significantly, rising over 150 spots to 81 on the list [1] - The award is a result of an annual review conducted by Newsweek and Statista Inc., which evaluated the top 2,000 companies [1]
Unisys Opens Registration for Its 17th Annual Unisys Innovation Program
Prnewswire· 2025-12-04 11:00
Core Insights - Unisys has launched registration for its seventeenth annual Unisys Innovation Program (UIP), aimed at empowering engineering students in India to innovate using technologies like AI, quantum computing, and IoT [1][3] Group 1: Program Overview - The UIP is a six-month competition designed to help students apply academic knowledge to real-world challenges while enhancing their skills with guidance from Unisys mentors and industry experts [1][4] - The program consists of two tracks: the Student Innovation Program (SIP) for independent idea development and the Targeted Innovation Program (TIP) for solving specific industry-defined problems [2][4] Group 2: Themes and Focus Areas - This year's themes address critical technology and business issues, including connected world solutions, immersive experiences, innovation for global challenges, advanced cybersecurity, agentic AI, and quantum computing advancements [6] Group 3: Registration and Participation - Registration for the UIP is open until January 31, 2026, and is available to all engineering students in computer science, information technology, and related fields in India [3][4]
Treasure Global Announces 1‑for‑20 Reverse Stock Split to Support Nasdaq Bid Price Compliance
Globenewswire· 2025-12-03 16:50
Core Viewpoint - Treasure Global Inc. will implement a 1-for-20 reverse stock split to increase its common stock trading price and regain compliance with Nasdaq's minimum bid price requirement of USD 1.00 per share [2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert twenty current shares into one new share, reducing the total outstanding shares from 16,962,004 to approximately 848,100 [4]. - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4]. - No fractional shares will be issued; all fractional shares will be rounded up to the next whole share [5]. Group 2: Compliance and Approval - The reverse stock split was approved by stockholders on November 24, 2025, with the authority to determine the exact ratio delegated to the Board of Directors [3]. - The reverse stock split is intended to assist in regaining compliance with Nasdaq listing requirements, although long-term compliance cannot be assured [2]. Group 3: Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services [7]. - The company's flagship product, the ZCITY Super App, integrates e-payment solutions with customer loyalty rewards, boasting over 2.7 million registered users as of June 2025 [7].
Cyberlux Advances Execution on $20 Million Backlog with Next Delivery Milestones
Accessnewswire· 2025-11-19 18:05
RESEARCH TRIANGLE PARK, NC / ACCESS Newswire / November 19, 2025 / Cyberlux Corporation (OTC:CYBL), a leading provider of advanced mission-critical technology solutions, today announced key progress in fulfilling its existing $20 million order backlog, highlighted by the successful delivery of a major shipment of Datron system spares to a U.S. Government customer supporting a partner nation in the Middle East and North Africa (MENA) region. Cyberlux has delivered $719,000 in Datron system spare parts to ens ...
Treasure Global Reports First Quarter Year 2026 Financial Results
Globenewswire· 2025-11-17 12:35
Core Insights - Treasure Global Inc. has significantly strengthened its cash position, increasing liquidity more than five-fold to USD 1.25 million as of September 30, 2025, compared to USD 236,895 as of June 30, 2025 [8] - The company is focused on strategic investments in digital growth initiatives, particularly in digital payments, AI solutions, and token-based ecosystems, with plans for launches in the first half of 2026 [3][4] Financial Highlights - Total stockholders' equity rose to USD 11.97 million, up from USD 10.74 million, reflecting a USD 1.23 million increase quarter-over-quarter [8] - The ZCITY Super App has attracted over 2.7 million registered users as of June 2025, enhancing the company's position in Malaysia's digital economy [8] Operational Updates - The company is advancing its innovation pipeline through investments in AI, loyalty systems, and digital platform capabilities, preparing for the launch of the OXI Wallet and UNIRWA token in 1H 2026 [4][5] - These initiatives are expected to enhance user engagement and unlock higher-margin revenue streams [4] Business Outlook - Treasure Global aims to embed the UNIRWA token ecosystem as a core component of its digital asset strategy and progressively roll out new features and partnerships around the OXI Wallet [5] - The company is positioning its digital ecosystem for scalability across Malaysia and Southeast Asia, emphasizing long-term value creation for shareholders [5]
Key information relating to the cash dividend to be paid by NORBIT ASA
Globenewswire· 2025-11-13 06:05
Group 1 - The board of directors of NORBIT ASA has approved an extraordinary cash dividend of NOK 3.00 per share for the fiscal year 2024 [1] - The dividend payment is scheduled for on or about 26 November 2025, with the last day to include the right to the dividend being 17 November 2025 [1] - The record date for the dividend is set for 19 November 2025, and the ex-date is 18 November 2025 [1] Group 2 - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation [2] - The company operates in three business segments: Oceans, Connectivity, and Product Innovation & Realization [2] - NORBIT is headquartered in Trondheim, employs around 650 people, and has manufacturing facilities in Europe and North America [2]
NORBIT - Results for the third quarter of 2025
Globenewswire· 2025-11-13 06:00
Core Insights - NORBIT reported a revenue of NOK 505.4 million in Q3 2025, a 36% increase compared to Q3 2024, with an EBIT of NOK 75.4 million, reflecting a 15% margin [1] - For the first nine months of 2025, revenues reached NOK 1,711.5 million, up 43% year-over-year, and EBIT was NOK 377.0 million, a 92% increase from the same period in 2024 [1][2] - The company anticipates full-year revenues between NOK 2.5 billion and NOK 2.6 billion, with an EBIT margin forecasted between 24% and 25% [3] Financial Performance - The Oceans segment generated NOK 192.4 million in Q3 2025, a 22% increase driven by strong sonar sales, with an EBIT margin of 21% [6] - The Connectivity segment reported revenues of NOK 107.5 million, a 3% decline due to postponed orders, with an EBIT margin of 15% [6] - The Product Innovation & Realization segment saw a 96% revenue growth to NOK 224.1 million, primarily due to increased demand from the defense and security sector, with an EBIT margin of 18% [6] Strategic Outlook - The CEO highlighted the strong customer trust in NORBIT and the momentum towards achieving record results, exceeding initial targets for the year [2][4] - An extraordinary dividend of NOK 3.00 per share was declared, bringing the total dividend for 2024 to NOK 6.00 per share, reflecting the company's strong financial position [3] - NORBIT's strategy focuses on market-driven innovation and a commitment to delivering value, positioning the company for continued growth [4]
Honeywell Stock Near Key Levels: Smart Buy Or Caution Ahead?
Forbes· 2025-11-12 15:45
Core Insights - Honeywell International (HON) stock is currently trading within a support zone of $190.39 to $210.43, a range from which it has rebounded significantly in the past, with an average peak return of 15.2% over the last 10 years [2] Financial Performance - Revenue growth for Honeywell International is reported at 7.5% for the last twelve months (LTM) and an average of 5.2% over the last three years [8] - The company has a free cash flow margin of nearly 15.2% and an operating margin of 18.9% for LTM [8] - The lowest annual revenue growth in the last three years was 4.0% [8] - Honeywell stock trades at a price-to-earnings (PE) ratio of 20.8 [8] Market Context - Honeywell has experienced significant declines in the past during market downturns, including a 64% drop during the Dot-Com bust and a 62% decline during the Global Financial Crisis [5] - The stock also fell approximately 43% during the Covid sell-off, with corrections in 2018 and inflation shocks leading to declines of 22% and 27%, respectively [5]
ePlus Reports Fiscal Year 2026 Second Quarter and First Half Financial Results
Prnewswire· 2025-11-06 21:10
Core Insights - ePlus inc. reported strong financial results for the second quarter of fiscal year 2026, with significant year-over-year growth in key metrics, including net sales, gross profit, and net earnings [4][5][22] - The company has increased its fiscal year 2026 guidance for net sales, gross profit, and Adjusted EBITDA, reflecting confidence in continued growth [22][23] Financial Performance - For the second quarter ended September 30, 2025, consolidated net sales increased by 23.4% to $608.8 million, up from $493.4 million in the same quarter last year [5][6] - Gross billings rose by 26.5% to $1,022.7 million, marking a record for the company [5][6] - Consolidated gross profit increased by 27.4% to $162.1 million, with a gross margin of 26.6%, compared to 25.8% in the prior year [5][8] - Net earnings from continuing operations surged by 92.7% to $38.2 million, with diluted earnings per share increasing by 95.9% to $1.45 [11][19] Segment Performance - Product segment sales grew by 24.5% to $485.0 million, driven by higher sales in cloud, networking, and security products [6][13] - Professional services segment revenues increased by 23.3% to $76.3 million, primarily due to the acquisition of Bailiwick Services, LLC [7][14] - Managed services segment revenue rose by 13.5% to $47.4 million, attributed to enhanced maintenance support and cloud services [8][16] Balance Sheet Highlights - As of September 30, 2025, cash and cash equivalents stood at $402.2 million, an increase from $389.4 million as of March 31, 2025 [21] - Total stockholders' equity reached $1,046.1 million, up from $977.6 million as of March 31, 2025 [21] Future Outlook - The company anticipates net sales growth in the mid-teens for fiscal year 2026, building on fiscal year 2025's $2.01 billion from continuing operations [22][23] - ePlus plans to maintain a disciplined capital allocation approach, focusing on investments that enhance its competitive differentiation while ensuring a strong balance sheet [23]