FCA

China Automotive Systems Announces Annual Meeting on August 26, 2022

Retrieved on: 
Thursday, August 18, 2022 - 11:00am

WUHAN, China, Aug. 18, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Friday, August 26, 2022 at 9:00 AM local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China. The Company has also set up a conference room on August 25, 2022 at 9:00 PM at Henglong USA Corporation, 2546 Elliott Drive, Troy, Michigan, U.S., for the Company's shareholders to participate via a WebEx connection.

Key Points: 
  • CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Friday, August 26, 2022 at 9:00 AM local time, or 9:00 PM EDT on August 25, 2022
    WUHAN, China, Aug. 18, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS)("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced the Annual Meeting of Stockholders of China Automotive Systems, Inc. will be held on Friday, August 26, 2022 at 9:00 AM local time at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No.
  • 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People's Republic of China.
  • Shareholders may access the annual meeting by dialing U.S./Canada +1-408-792-6300, pin number 2632 965 7608, and ask for the China Automotive Systems AGM conference call.
  • A live webcast of the conference call will be available at: https://caas-usa.webex.com/caas-usa/j.php?MTID=m93d47af4c7da5c6291044a30...
    Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through ten Sino-foreign joint ventures.

Squared Holding SA Announces Appointment of New Group Chairman

Retrieved on: 
Wednesday, August 17, 2022 - 3:20pm

LIMASSOL, Cyprus, Aug. 17, 2022 /PRNewswire-PRWeb/ -- Leading global multi-asset brokerage, Squared Holding SA, announces the appointment of Dirk van Daele as its new Group Chairman. Van Daele's appointment follows the company's efforts to drive and strengthen corporate governance towards minority shareholders, as part of scaling the business and supporting ongoing funding. It also gives the Founder, Philippe Ghanem, the chance to be actively involved, dedicating more time to the business scaling as the company is increasingly growing in Cyprus, bolstering its payments system, but also expanding in the USA through the launch of its crypto arm, Crypto Caddie, with a special focus on emerging markets in Africa and LATAM.

Key Points: 
  • LIMASSOL, Cyprus, Aug. 17, 2022 /PRNewswire-PRWeb/ -- Leading global multi-asset brokerage, Squared Holding SA, announces the appointment of Dirk van Daele as its new Group Chairman.
  • Van Daele's appointment follows the company's efforts to drive and strengthen corporate governance towards minority shareholders, as part of scaling the business and supporting ongoing funding.
  • Together, we will continue to scale our business as Squared Financial Group is growingly expanding around the world.
  • He is founder and chairman of FCA regulated Circlo3, focused on capital raising by private placement for growth companies.

CE Brands Appoints New VP Finance and Interim Chief Financial Officer

Retrieved on: 
Wednesday, August 17, 2022 - 12:00pm

CALGARY, Alberta, Aug. 17, 2022 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (CE Brands or the Company), a data-driven consumer-electronics company, is pleased to announce today that it appointed Khanjan Chhaya (FCA) as its interim chief financial officer as well as the addition of Carolyn Scissons (CPA - CMA, PMP, CIA, MBA) as VP Finance.

Key Points: 
  • CALGARY, Alberta, Aug. 17, 2022 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (CE Brands or the Company), a data-driven consumer-electronics company, is pleased to announce today that it appointed Khanjan Chhaya (FCA) as its interim chief financial officer as well as the addition of Carolyn Scissons (CPA - CMA, PMP, CIA, MBA) as VP Finance.
  • Mr. Chhaya has served as the Financial Controller of CE Brand's wholly owned subsidiary eBuyNow eCommerce for 5 years and has been appointed interim Chief Financial Officer.
  • Ms. Scissons joins CE Brands as VP of Finance with over 10 years of experience in financial reporting, audit, and planning.
  • Ms. Scissons succeeds Chris Taylor as VP of Finance, we wish Mr. Taylor all the best in his new endeavors.

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Acquires Two-Building Industrial Distribution Center in El Paso, Texas

Retrieved on: 
Tuesday, August 16, 2022 - 2:30pm

Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically added to its property holdings with the acquisition of Rojas East Distribution Center, two fully leased warehouse and distribution buildings totaling 369,310 square feet in El Paso, Texas.

Key Points: 
  • Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically added to its property holdings with the acquisition of Rojas East Distribution Center, two fully leased warehouse and distribution buildings totaling 369,310 square feet in El Paso, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20220816005276/en/
    Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically added to its property holdings with the acquisition of Rojas East Distribution Center, two fully leased warehouse and distribution buildings totaling 369,310 square feet in El Paso, Texas.
  • About Clarion Partners Real Estate Income Fund Inc. (CPREIF)
    CPREIF offers individual investors direct access to a portfolio of privately-held, income-producing commercial real estate properties through an innovative investment fund driven by Clarion's deep real estate expertise.
  • Hunt Southwest Real Estate Development is a Dallas-based, full-service real estate development company with a focus on industrial and cold storage development in the Texas market.

Eaton Partners Acts as Placement Agent for HitecVision’s Energy Transition Strategy

Retrieved on: 
Tuesday, August 16, 2022 - 1:30pm

The New Energy Fund is HitecVisions first dedicated Energy Transition fund, and is defined as an Article 8 fund under the EUs SFDR framework.

Key Points: 
  • The New Energy Fund is HitecVisions first dedicated Energy Transition fund, and is defined as an Article 8 fund under the EUs SFDR framework.
  • Eaton Partners subsidiary Eaton Partners (UK) LLP is authorized and regulated by the Financial Conduct Authority (FCA).
  • Eaton Partners subsidiary Stifel Hong Kong Limited, doing business as Eaton Partners Hong Kong, is approved as a Type 1-licensed company under the Securities and Futures Commission (SFC) in Hong Kong.
  • Eaton Partners and the Eaton Partners logo are trademarks of Eaton Partners, LLC, a limited liability company.

Summit Industrial Income REIT Announces Appointment of New Trustees

Retrieved on: 
Thursday, August 11, 2022 - 9:00pm

TORONTO, Aug. 11, 2022 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) is pleased to announce the appointment of Mr. Scott Frederiksen and Mr. Glenn Hynes to its Board of Trustees effective August 15, 2022.

Key Points: 
  • TORONTO, Aug. 11, 2022 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) is pleased to announce the appointment of Mr. Scott Frederiksen and Mr. Glenn Hynes to its Board of Trustees effective August 15, 2022.
  • Mr. Frederiksen is the former Chief Executive Officer and Trustee of WPT REIT, a publicly traded cross-border industrial REIT privatized in October 2021.
  • Mr. Hynes is currently Executive Vice President (EVP) and Chief Operating Officer (COO) of Crombie REIT, a publicly traded REIT focused on grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada.
  • Summit Industrial Income REIT is an unincorporated open-ended trust focused on growing and managing a portfolio of light industrial properties in key markets across Canada.

Investindustrial to Acquire Significant Portion of TreeHouse Foods’ Meal Preparation Division, a Leading Private Label Food Manufacturer

Retrieved on: 
Thursday, August 11, 2022 - 11:51am

An investment company indirectly held by Investindustrial VII L.P. (Investindustrial") has signed a definitive agreement to acquire significant portions of the meal preparation business (the Business) of TreeHouse Foods Inc. (NYSE: THS, the Seller), a leading North American manufacturer and supplier of private label food in center-store categories for retail and foodservice customers.

Key Points: 
  • An investment company indirectly held by Investindustrial VII L.P. (Investindustrial") has signed a definitive agreement to acquire significant portions of the meal preparation business (the Business) of TreeHouse Foods Inc. (NYSE: THS, the Seller), a leading North American manufacturer and supplier of private label food in center-store categories for retail and foodservice customers.
  • Andrea C. Bonomi, Chairman of the Industrial Advisory Board of Investindustrial, commented: We are delighted to add the divisions of TreeHouse Foods meal preparation business to our portfolio of leading private label food companies.
  • Steve Oakland, Chief Executive Officer and President of TreeHouse Foods, commented: Investindustrial is the right partner for our industry-leading meal preparation business.
  • TreeHouse Foods, Inc. is a leading manufacturer and distributor of private label foods and beverages in North America.

Investindustrial Acquires Parker Food Group, a Leading Developer of Value-Added Ingredients in North America

Retrieved on: 
Thursday, August 11, 2022 - 11:53am

An investment company indirectly held by Investindustrial VII L.P. (Investindustrial) has acquired the US-based Parker Food Group (PFG or the Company) from The Riverside Company.

Key Points: 
  • An investment company indirectly held by Investindustrial VII L.P. (Investindustrial) has acquired the US-based Parker Food Group (PFG or the Company) from The Riverside Company.
  • PFG is a leading developer and manufacturer of specialty, value-added ingredients in the North American market, with a focus on inclusions and toppings.
  • PFG supplies specialty ingredients to various segments of the Food Industry including: CPG, Food Service and Specialty Distributors.
  • Parker Food Group services the ice cream, bakery, dairy fresh, food service beverage & dessert, snacking confection nutraceutical and general package goods industries.

TREEHOUSE FOODS ANNOUNCES SALE OF SIGNIFICANT PORTION OF ITS MEAL PREPARATION BUSINESS TO INVESTINDUSTRIAL FOR $950 MILLION

Retrieved on: 
Thursday, August 11, 2022 - 11:55am

OAK BROOK, Ill., Aug. 11, 2022 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) ("TreeHouse" or "the Company") today announced that it has reached a definitive agreement to sell a significant portion of its Meal Preparation business (the "Divested Business") to Investindustrial for $950 million.

Key Points: 
  • Mr. Oakland continued, "I want to thank all our employees, particularly the Meal Preparation team, for their commitment throughout the strategic review process.
  • The $950 million transaction value represents approximately 13.6x times 2022E adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")1 for the Divested Business.
  • The transaction consists of approximately $530 million in cash at closing and approximately $420 million in senior secured debt to be provided by TreeHouse.
  • The Divested Business is expected to generate 2022 net sales and adjusted EBITDA1 of approximately $1.6 billion and $70 million, respectively.

Archer Announces Second Quarter 2022 Results

Retrieved on: 
Wednesday, August 10, 2022 - 9:28pm

We prepare and maintain our budgets and forecasts for future periods on a basis consistent with this non-GAAP financial measure.

Key Points: 
  • We prepare and maintain our budgets and forecasts for future periods on a basis consistent with this non-GAAP financial measure.
  • We believe that excluding stock-based compensation expenses enhances our ability and the ability of investors to understand the impact of non-cash stock-based compensation on our operating results and to compare our results against the results of other companies.
  • In addition, as noted above, we evaluate the non-GAAP financial measures together with the most directly comparable GAAP financial information.
  • Investors are encouraged to review the reconciliations of these non-GAAP measures to their most directly comparable GAAP financial measures included in this release.