British Virgin Islands

AM Best Affirms Credit Ratings of GuideWell Mutual Holding Corporation and Its Operating Subsidiaries

Retrieved on:

金曜日, 5月 31, 2024

In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of GuideWell Mutual Holding Corporation (GuideWell).

Key Points:

In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of GuideWell Mutual Holding Corporation (GuideWell).
The outlook of these Credit Ratings (ratings) is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

KUKE Announces Purchase Terms with Naxos One

Retrieved on:

金曜日, 5月 24, 2024

British Virgin Islands, Term sheet, Music, Acquisition

BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited (“Kuke” or the “Company”) (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that on May 24, 2024, it has signed a non-binding term sheet (the “Term Sheet”) with Naxos One Holding Limited (“Naxos One”), a limited liability company incorporated under the laws of the British Virgin Islands.

Key Points:

BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited (“Kuke” or the “Company”) (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that on May 24, 2024, it has signed a non-binding term sheet (the “Term Sheet”) with Naxos One Holding Limited (“Naxos One”), a limited liability company incorporated under the laws of the British Virgin Islands.
The Term Sheet contemplates that Kuke will acquire a majority stake in two of the controlled subsidiaries of Naxos One, Angelina Assets Limited and HNH International Limited, the holding companies of the Naxos Music Group, a world-leading classical music brand and one of the largest distributors of independent classical record labels in the world (the “Naxos Group”).
A director of Kuke is the controlling shareholder of Naxos One.
The closing of the acquisition will be subject to entering into definitive agreements and the satisfaction of customary conditions, including Kuke’s satisfaction with its due diligence regarding Naxos Group, and there is no assurance such transaction will be completed.

From the Tax Law Offices of David W. Klasing - IRS Enforcement Initiatives Focus on Large Corporations and Complex Partnerships

Retrieved on:

火曜日, 5月 14, 2024

They regularly develop new strategies to enhance their enforcement efforts and protect the integrity of the tax system.

Key Points:

They regularly develop new strategies to enhance their enforcement efforts and protect the integrity of the tax system.
As of 2024, the IRS is working hard to make sure that wealthy individuals, big corporations, and complicated partnerships pay their fair share of taxes.
Through strategic initiatives targeting complex partnerships and foreign-owned corporations, the IRS aims to resolve tax debts and punish perpetrators of tax evasion schemes.
The agency will look for discrepancies in partnership finances and use AI to help audit large corporations.

AirNet Announces Receipt of Nasdaq’s Determination to Grant Extension to Regain Compliance

Retrieved on:

水曜日, 5月 8, 2024

Treasury, Plan, Maxima and minima, Failure, British Virgin Islands, Rule, Letter, Disclosure, Financial adviser

On February 8, 2024, the Company submitted to Nasdaq its plan to regain compliance with the Minimum Stockholders’ Equity Requirement, as supplemented with additional materials on March 10, 2023 (the “Plan”).

Key Points:

On February 8, 2024, the Company submitted to Nasdaq its plan to regain compliance with the Minimum Stockholders’ Equity Requirement, as supplemented with additional materials on March 10, 2023 (the “Plan”).
Based on the Plan, Nasdaq has determined to grant the Company an extension to regain compliance with the Rule and provided the Company with two alternatives to evidence compliance with the Rule.
On April 15, 2024, the Company completed a private placement of 3,372,788 Shares for an aggregate subscription amount of US$5.7 million with certain investors.
The Company understands that Nasdaq will continue to monitor the Company’s ongoing compliance with the Minimum Stockholders’ Equity Requirement and, if at the time of its next periodic report the Company does not evidence compliance, it may be subject to delisting.

Amphibian Capital to Present at the Blockchain & Digital Asset Virtual Investor Conference April 25th at 930a EST

Retrieved on:

月曜日, 4月 22, 2024

Blockchain, Capital, Conference, British Virgin Islands

Amphibian Capital domiciled in the British Virgin Islands, are focused on Digital Assets Hedge Fund of Funds, today announced that Todd Bendell, Co Founder and Alexandre Pereira, COO, will present live at the Blockchain & Digital Asset Virtual Investor Conference hosted by Alpha Transform Holdings and VirtualInvestorConferences.com, on April 25th, 2024.

Key Points:

Amphibian Capital domiciled in the British Virgin Islands, are focused on Digital Assets Hedge Fund of Funds, today announced that Todd Bendell, Co Founder and Alexandre Pereira, COO, will present live at the Blockchain & Digital Asset Virtual Investor Conference hosted by Alpha Transform Holdings and VirtualInvestorConferences.com, on April 25th, 2024.
Amphibian is available for 1x1 meetings: April 23-April 30.
This will be a live, interactive online event where investors are invited to ask the company questions in real-time.
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

World of Hyatt Elevates Luxury Portfolio by Adding More Than 700 Boutique and Luxury Hotels and Villas from Mr & Mrs Smith

Retrieved on:

水曜日, 4月 24, 2024

Other Consumer, Women, Men, Other Travel, Lifestyle, Consumer, Lodging, Vacation, Destinations, Travel, Collection, Hotel, Arctic, Arctic Circle, Mr. & Mrs. Smith, Boundless, Multimedia, British Virgin Islands

Hyatt Hotels Corporation (NYSE: H) announces that World of Hyatt is offering members new access to earn and redeem at a collection of more than 700 boutique and luxury hotels and villas around the globe with Mr & Mrs Smith, the luxury travel platform Hyatt acquired in 2023 , now available for booking today.

Key Points:

Hyatt Hotels Corporation (NYSE: H) announces that World of Hyatt is offering members new access to earn and redeem at a collection of more than 700 boutique and luxury hotels and villas around the globe with Mr & Mrs Smith, the luxury travel platform Hyatt acquired in 2023 , now available for booking today.
View the full release here: https://www.businesswire.com/news/home/20240424451450/en/
The participating properties from the Mr & Mrs Smith portfolio adds more than 20 new, sought-after countries to World of Hyatt such as Namibia, Fiji and the British Virgin Islands.
To learn more about earning and redeeming points with the new Mr & Mrs Smith additions to the World of Hyatt portfolio, visit hyatt.com/mrandmrssmith and review program terms for more information.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Satellogic Reports Full Year 2023 Financial Results and Provides Business Update

Retrieved on:

月曜日, 4月 15, 2024

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided financial results for the year ended December 31, 2023, and a business update.

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Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided financial results for the year ended December 31, 2023, and a business update.
As a result, once this process is complete, we will report results on a quarterly basis consistent with being a domestic filer.
Second, in late 2023, we were granted approval for a remote sensing license for our constellation with the National Oceanic & Atmospheric Administration (NOAA).
We monitor a number of financial performance and liquidity measures on a regular basis in order to track the progress of our business.

Kroll Expands Global Restructuring Team with Addition of Angela Barkhouse as Head of Offshore Restructuring Business

Retrieved on:

金曜日, 4月 12, 2024

Consulting, Legal, Professional Services, Finance, Recovery, Insolvency, RISA, ACCA, Cayman Islands, Corruption, Accountant, Barkhouse, British Virgin Islands, Fraud, Financial services

Kroll , the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse.

Key Points:

Kroll , the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse.
Barkhouse will lead Kroll’s Offshore Restructuring business internationally and co-lead Kroll’s Cayman Islands and British Virgin Islands operations with Mitchell Mansfield.
Barkhouse’s appointment will also allow Mansfield to further develop Kroll’s growing Funds and Asset Management practice around the world.
Cosimo Borrelli, Managing Director and Co-Head of Restructuring at Kroll, said: “Mitchell and I are delighted to welcome Angela to Kroll.

Lytus Technologies Holdings PTV. Ltd. announces 1 for 60 Reverse Stock Split

Retrieved on:

水曜日, 2月 21, 2024

Transfer, PTV, Registrar, British Virgin Islands, Corporate Affairs, Stock split, Security (finance)

Shareholders otherwise entitled to receive a fractional share as a result of the Reverse Split will receive a whole share in lieu of such factional share.

Key Points:

Shareholders otherwise entitled to receive a fractional share as a result of the Reverse Split will receive a whole share in lieu of such factional share.
The Reverse Split will be effected by filing amendments with the Registrar of Corporate Affairs of the British Virgin Islands.
The Company is effecting the Reverse Split in order to maintain its listing on The Nasdaq Stock Market (“Nasdaq”).
We believe that the proposed Reverse Split will assist the Company in regaining compliance under the Nasdaq Listing Rules.

Aptorum Group Ltd Announces Entering into an Agreement and Plan of Merger with YOOV Group Holding Ltd and a Split-off Agreement to Separate its Legacy Business

Retrieved on:

水曜日, 3月 6, 2024

Aptorum Group Limited (Nasdaq: APM), a clinical stage biopharmaceutical company (“Aptorum”), and privately-held YOOV Group Holding Ltd. (“YOOV”) jointly announced today that they entered into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”).

Key Points:

Aptorum Group Limited (Nasdaq: APM), a clinical stage biopharmaceutical company (“Aptorum”), and privately-held YOOV Group Holding Ltd. (“YOOV”) jointly announced today that they entered into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”).
The Merger Agreement was approved by Aptorum’s and YOOV’s boards of directors (each board of directors, the “Board”), respectively.
The Separation will become effective immediately following completion of the Merger.
"This transaction marks a significant milestone for YOOV Group Holding, and we are thrilled about the immense opportunities it brings.