OSN

Yintai obtains third and final PRC Approval

Retrieved on: 
金曜日, 5月 31, 2024
Yintai, Foreign exchange market, Republic, Ministry, NSX, NDRC, OSN, Circular, Commerce, Arrangement, TSX, Development

The SAFE Approval is the third and final Chinese regulatory approval required.

Key Points: 
  • The SAFE Approval is the third and final Chinese regulatory approval required.
  • Yintai obtained the approval of the Ministry of Commerce of the People's Republic of China (the "MOFCOM Approval") on April 16, 2024 and the approval of the National Development and Reform Commission of the People's Republic of China (the "NDRC Approval" and, together with the SAFE Approval and the MOFCOM Approval, the "PRC Approvals") on May 14, 2024.
  • The receipt of the PRC approvals was a condition of closing for the Arrangement.
  • The Arrangement therefore remains on track to close on or about the end of H1 2024, subject to approval by the Namibian Competition Commission, which Osino continues to expect to receive in June.

Osino obtains Final Court Order approving Plan of Arrangement and Yintai obtains NDRC Approval

Retrieved on: 
水曜日, 5月 15, 2024
Yintai, Foreign exchange market, Republic, NSX, Supreme court, OSN, Circular, Arrangement, TSX, Development

VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino" or the "Company") today announced that (i) it obtained on May 2, 2024 a final order from the Supreme Court of British Columbia approving the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd ("Yintai") will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the "Arrangement"), all as more particularly described in Osino's management proxy circular dated March 25, 2024 (the "Circular"); and (ii) Yintai has obtained the approval of the National Development and Reform Commission of the People's Republic of China.

Key Points: 
  • VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino" or the "Company") today announced that (i) it obtained on May 2, 2024 a final order from the Supreme Court of British Columbia approving the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), pursuant to which Yintai Gold Co., Ltd ("Yintai") will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the "Arrangement"), all as more particularly described in Osino's management proxy circular dated March 25, 2024 (the "Circular"); and (ii) Yintai has obtained the approval of the National Development and Reform Commission of the People's Republic of China.
  • This means that two of the necessary three Chinese regulatory approvals have now been fulfilled and the Arrangement therefore remains on track to close on or about the end of H1 2024, subject to approvals by regulatory authorities, namely the Namibian Competition Commission and the State Administration of Foreign Exchange of the People's Republic of China.
  • For a more detailed description of the Arrangement, readers should review the Circular.

BI (Biz Integration) Middle East Law Award 2024 Honours the Best Legal Talents Over a Glittering Gala

Retrieved on: 
火曜日, 5月 14, 2024
Transport, Education, OSN, Legal Department (Hong Kong), Public, Emirates Flight Catering, SHG, Lawyer, House, Petromin Corporation

DUBAI, UAE, May 14, 2024 /PRNewswire/ -- Biz Integration put up a vibrant award evening, which brought together some of the brightest legal minds.

Key Points: 
  • DUBAI, UAE, May 14, 2024 /PRNewswire/ -- Biz Integration put up a vibrant award evening, which brought together some of the brightest legal minds.
  • The event took the pace posterior to the welcome note and a panel discussion followed along the lines of 'The New Age Legal Strategy in Transforming Business.'
  • The discussion was moderated by Alejandra Esmoris, Head of Private Clients, CVML, Eliana Fonseca, (Legal Counsel, Emirates Flight Catering), Abduraheem Padinhare (Senior Legal Manager, Cars24 Arabia), and Uzair Zehgeer, (Head of Legal, Tamkeen, Dubai).
  • Uzair Zehgeer (Head of Legal, Tamkeen)
    Leila Zine (Senior Legal Counsel, OSN)
    Maude El Khoury (Head of Legal Department, Sunset Hospitality Group (SHG)
    The Rising Law Firm Of The Year' and the 'Innovative Law Firm Of The Year' - Oryx Legal Consultants LLC.

Anghami Files 2023 Annual Report and Announces 2024 Q1 Results, Highlighting 18% Growth in Subscribers and Significant Margin Improvement

Retrieved on: 
木曜日, 5月 2, 2024
Podcast, TV and Radio, Music, Online, General Entertainment, Mobile Entertainment, Events, Concerts, Entertainment, International, OSN, City, Annual report, Partnership, Growth, Catalog, Form, Operating cost, Anghami, Multimedia, Inc., Advertising, Rotana Mousica

View the full release here: https://www.businesswire.com/news/home/20240502645142/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240502645142/en/
    Anghami Files 2023 Annual Report & Announces 2024 Q1 Results (Graphic: AETOSWire)
    Comparing Q1 2024 to Q1 2023:
    Premium Subscriber Growth and Improved Margins, Driven by a Disciplined Focus on High Quality Revenue
    Anghami remains the premier MENA-based music streaming platform for listeners who want to enjoy a vast catalog of both Arabic and International music.
  • Elie Habib, Co-founder, and Chief Executive Officer at Anghami, noted, "2023 was a transformative year for Anghami.
  • This was partially offset by the strong growth in premium subscribers in Egypt, a key market in the MENA region.
  • In addition, the substantial improvement in gross margins and the enhanced quality of revenues, position Anghami for a strong performance in 2024, as evidenced by Q1 2024 results.

Osino Announces Filing of Management Information Circular for Special Meeting of Securityholders, and Provides Update on Transaction in Respect of Arrangement with Yintai

Retrieved on: 
水曜日, 4月 3, 2024
Warrant, Namibian Stock Exchange, NSX, Committee, Proxy, Minority, Special, Circular, DSU, Shareholder, Social Democrats (Slovenia), TSX, OSN, Arrangement, Court, RSU, Person

The Board unanimously recommends that Securityholders vote FOR the Arrangement Resolution at the Special Meeting.

Key Points: 
  • The Board unanimously recommends that Securityholders vote FOR the Arrangement Resolution at the Special Meeting.
  • At the Special Meeting, Securityholders will be asked to consider and, if deemed advisable, to pass a special resolution (the “Arrangement Resolution”) approving the previously announced plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia), pursuant to which 1466331 B.C.
  • The Board unanimously recommends that Securityholders vote FOR the Arrangement Resolution at the Special Meeting.
  • You are encouraged to vote your Osino securities and to attend the Special Meeting.

CURE Media Group and Oncology Nursing News Announces the 2024 Extraordinary Healer® Award Finalists

Retrieved on: 
金曜日, 3月 15, 2024
RN, Health, Washington Convention Center, Haematopoietic system, Mentorship, Oncology Nursing Society, Environment, Simmons University, Caregiver, Dana–Farber Cancer Institute, Education, Patient, Research, Transport, Cancer, Wonders, Texas Oncology, Survivor, OSN, Pediatrics, Johnson & Johnson, Media Group, Kidney, Multimedia, Ochsner Health System, Nursing, OCN

This award honors oncology nurses whose compassion and expertise improve the lives of their patients.

Key Points: 
  • This award honors oncology nurses whose compassion and expertise improve the lives of their patients.
  • The award presentations and winner announcement will be held on April 24, 2024 during the Oncology Nursing Society's Annual Congress at The Walter E. Washington Convention Center in Washington, DC.
  • The finalists for the 2024 Extraordinary Healer award are:
    Jessica McDade, B.S.N., RN, OCN.
  • For more information on the 2024 Extraordinary Healer event and to register, please visit the event page .

Anghami and OSN+ Successfully Complete Milestone Transaction, Creating an Entertainment Powerhouse

Retrieved on: 
火曜日, 4月 2, 2024
Music, OSN

ABU DHABI, UAE, April 2, 2024 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) ("Anghami"), a leading music and entertainment streaming platform, and OSN+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals.

Key Points: 
  • OSN Group has acquired 55.45% in Anghami, giving it a majority stake at a valuation of $3.69 per share, 1.9x the closing price of the stock on Thursday 28th of March.
  • This deal will result in a company with over 120 million registered users, circa 2.5 million paid subscribers and close to $100 million in revenue at closing.
  • Moreover, it will benefit from Anghami's strong tech stack, delivering an enhanced streaming experience with AI-driven hyper-personalization and soon to be announced best-in-class products.
  • Elie Habib, Anghami Co-founder and CTO, will lead the combined entity as incoming Anghami CEO, while Joe Kawkabani will remain as OSN Group CEO.

Anghami and OSN+ Successfully Complete Milestone Transaction, Creating an Entertainment Powerhouse

Retrieved on: 
火曜日, 4月 2, 2024
Music, OSN

ABU DHABI, UAE, April 2, 2024 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) ("Anghami"), a leading music and entertainment streaming platform, and OSN+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals.

Key Points: 
  • OSN Group has acquired 55.45% in Anghami, giving it a majority stake at a valuation of $3.69 per share, 1.9x the closing price of the stock on Thursday 28th of March.
  • This deal will result in a company with over 120 million registered users, circa 2.5 million paid subscribers and close to $100 million in revenue at closing.
  • Moreover, it will benefit from Anghami's strong tech stack, delivering an enhanced streaming experience with AI-driven hyper-personalization and soon to be announced best-in-class products.
  • Elie Habib, Anghami Co-founder and CTO, will lead the combined entity as incoming Anghami CEO, while Joe Kawkabani will remain as OSN Group CEO.

Yintai to Acquire Osino in an All-Cash Transaction for C$368 million

Retrieved on: 
日曜日, 2月 25, 2024
King & Wood Mallesons, Mining, BMO Capital Markets, TSX, Toronto Stock Exchange, Transaction, Multilateral, Committee, Gold, Tax, LLP, DPM, NSX, Consideration, Capital, Minority, DeHeng Law Offices, OSN, Security (finance)

VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Yintai Gold Co., Ltd (000975.CN) ("Yintai") and Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino") are pleased to announce that they have entered into a binding arrangement agreement (the "Yintai Arrangement Agreement"), pursuant to which Yintai will acquire all of the outstanding common shares of Osino (each, an "Osino Common Share") by way of a plan of arrangement (the "Yintai Arrangement"), for cash consideration of C$1.90 for each Osino Common Share, valuing Osino at approximately C$368 million.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Yintai Gold Co., Ltd (000975.CN) ("Yintai") and Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino") are pleased to announce that they have entered into a binding arrangement agreement (the "Yintai Arrangement Agreement"), pursuant to which Yintai will acquire all of the outstanding common shares of Osino (each, an "Osino Common Share") by way of a plan of arrangement (the "Yintai Arrangement"), for cash consideration of C$1.90 for each Osino Common Share, valuing Osino at approximately C$368 million.
  • Accordingly, the Osino Board and the Special Committee recommend that Osino shareholders vote IN FAVOUR of the Transaction.
  • The Yintai Arrangement Agreement also provides for a termination fee of US$9.55 million, payable by Osino to Yintai in certain specified circumstances along with the repayment or conversion of the loan.
  • The Yintai Arrangement Agreement also includes a reverse termination fee in the amount of US$9.55 million, payable by Yintai to Osino in certain other specified circumstances.

Osino Resources Announces Receipt of Superior Acquisition Proposal

Retrieved on: 
月曜日, 2月 19, 2024
Acquisition, Offer and acceptance, BMO Capital Markets, TSX, Toronto Stock Exchange, News, Indian stock exchange, LLP, DPM, NSX, OSN, Lease

Pursuant to the terms of the New Offer, the Company's shareholders would receive cash consideration of C$1.90 for each Common Share, valuing Osino at approximately C$368 million.

Key Points: 
  • Pursuant to the terms of the New Offer, the Company's shareholders would receive cash consideration of C$1.90 for each Common Share, valuing Osino at approximately C$368 million.
  • Following delivery of the notice, the Company received notice from DPM advising that DPM will not propose to amend the terms of the DPM Arrangement Agreement in light of the Superior Proposal.
  • Further details regarding the DPM Arrangement Agreement and the Superior Proposal will be provided once available in due course.
  • This news release does not constitute a change of recommendation regarding the offer by DPM under the DPM Arrangement Agreement.