WACC

Shaping International Economics and Ethical Dialogues Through the Leadership of Cheah Chyuan Yong

Retrieved on: 
Wednesday, January 17, 2024

The panel discussions delved into the Regional Comprehensive Economic Partnership (RCEP), the Belt and Road Initiative (BRI), and investment opportunities in Qingtian County.

Key Points: 
  • The panel discussions delved into the Regional Comprehensive Economic Partnership (RCEP), the Belt and Road Initiative (BRI), and investment opportunities in Qingtian County.
  • The World Anti-Corruption Conference 2023 (WACC) in Jakarta, Indonesia, convened global leaders, experts, and practitioners at the Royal Kuningan Hotel.
  • Cheah Chyuan Yong concluded the conference during the closing ceremony address with 200 participants, declaring WACC as an annual global initiative, dedicated to combating corruption and emphasizing role of empowerment in strengthening anti-corruption efforts.
  • The ISI, under Cheah Chyuan Yong's leadership, is gearing up to host the Inter-Regional Business Forum (IRBF) on March 7th and 8th, 2024, in Kuala Lumpur, Malaysia.

EQS-News: HENSOLDT acquires ESG Elektroniksystem- und Logistik-GmbH

Retrieved on: 
Saturday, December 30, 2023

HENSOLDT acquires ESG Elektroniksystem- und Logistik-GmbH (“ESG“) from an investment vehicle managed by Armira Beteiligungen GmbH & Co. KG (“Armira”).

Key Points: 
  • HENSOLDT acquires ESG Elektroniksystem- und Logistik-GmbH (“ESG“) from an investment vehicle managed by Armira Beteiligungen GmbH & Co. KG (“Armira”).
  • Taufkirchen, 5 December 2023 – The HENSOLDT Group (“HENSOLDT”) today announced that it has signed a definitive agreement to acquire ESG Elektroniksystem- und Logistik-GmbH (“ESG”), from an investment vehicle managed by Armira Beteiligungen GmbH & Co. KG (“Armira”).
  • With the acquisition of the highly complementary defence technology business of ESG, HENSOLDT expands its business with strong design and systems integrator capabilities.
  • ESG brings expertise in intelligent data networks to integrate HENSOLDT sensor systems across domains, creating critical integrated solutions for multi-domain operations.

Scinai Immunotherapeutics Regains Compliance with Nasdaq's Stockholders' Equity Rule

Retrieved on: 
Monday, November 20, 2023

JERUSALEM, Nov. 20, 2023 /PRNewswire/ -- Scinai Immunotherapeutics Ltd. (Nasdaq: SCNI) today announced today the receipt of formal notification from the Nasdaq Stock Market ("Nasdaq") that the Company has regained compliance with Nasdaq listing rules regarding minimum stockholders' equity.

Key Points: 
  • JERUSALEM, Nov. 20, 2023 /PRNewswire/ -- Scinai Immunotherapeutics Ltd. (Nasdaq: SCNI) today announced today the receipt of formal notification from the Nasdaq Stock Market ("Nasdaq") that the Company has regained compliance with Nasdaq listing rules regarding minimum stockholders' equity.
  • Nasdaq indicated that their determination that the Company complies with Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum $2.5 million in stockholders' equity, is based on the content of the Company's Form 6-K dated November 13, 2023.
  • This change impacted the classification of most of the current and future warrants as equity and not as liabilities, as per GAAP accounting rules.
  • The Company expects this new WACC to be incorporated in the Company's financial statements for the year ending December 31, 2023.

Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments

Retrieved on: 
Tuesday, November 7, 2023

Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments

Key Points: 
  • Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
    Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project.
  • On 29 August 2023, Ørsted announced anticipated impairments on its US portfolio of up to DKK 16 billion.
  • Ørsted has taken the decision to cease the development of the Ocean Wind 1 and 2 projects.
  • Ørsted has today taken the final investment decision (FID) on the 704 MW Revolution Wind project, which Ørsted owns in a 50/50 partnership with Eversource.

Element Solutions Inc Announces 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, October 25, 2023

Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals company, today announced its financial results for the three and nine months ended September 30, 2023.

Key Points: 
  • Element Solutions Inc (NYSE:ESI) (“Element Solutions” or the “Company”), a global and diversified specialty chemicals company, today announced its financial results for the three and nine months ended September 30, 2023.
  • Net sales on a reported basis for the third quarter of 2023 were $599 million, a decrease of 3% over the third quarter of 2022.
  • Adjusted EBITDA for the third quarter of 2023 was $134 million, relatively flat when compared to the third quarter of 2022.
  • Element Solutions will host a webcast/dial-in conference call to discuss its 2023 third quarter financial results at 8:30 a.m. (Eastern Time) on Thursday, October 26, 2023.

International Strategy Institute (ISI) joins forces with the World Anti-Corruption Conference under the leadership of Mr. Cheah Chyuan Yong

Retrieved on: 
Wednesday, September 27, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230918734567/en/
    Mr. Cheah Chyuan Yong, Founder and Chairman, International Strategy Institute (ISI) (Photo: Business Wire)
    With a proven track record of over 100+ events, Mr. Cheah Chyuan Yong’s involvement alongside Prime Ministers underscores his influence and commitment to shaping Asia's future.
  • Connecting Businesses with Strategic Investors: ISI excels in connecting businesses with the right investors, nurturing relationships, and promoting employment growth.
  • Promoting Corporate Social Responsibility: Mr. Cheah Chyuan Yong and ISI bring together governments, businesses, and civil organizations to conduct CSR programs that support local communities and entrepreneurship.
  • Mr. Cheah Chyuan Yong emphasizes, “The history of Asia has witnessed cycles of struggle, conflict, and poverty.

Sasol Limited : TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2023

Retrieved on: 
Monday, August 14, 2023

Refer to the annual production and sales metrics published on 25 July 2023 for further details ( https://www.sasol.com/investor-centre/financial-results ).

Key Points: 
  • Refer to the annual production and sales metrics published on 25 July 2023 for further details ( https://www.sasol.com/investor-centre/financial-results ).
  • Sasol has made notable progress with the implementation of its ERR despite mounting external and internal pressures on the business.
  • The financial information underpinning this trading statement has not been reviewed and reported on by the Company's external auditors.
  • Sasol will release its 2023 financial results on Wednesday, 23 August 2023 at 09h00 (SA time), hosted by President and Chief Executive Officer, Fleetwood Grobler, and Chief Financial Officer, Hanré Rossouw.

Capital Markets Day: Ørsted confirms its ambition of ~50 GW renewable capacity by 2030 and strong financial outlook

Retrieved on: 
Saturday, June 10, 2023

Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030:

Key Points: 
  • Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030:
    Ørsted confirms its fully self-funded ambition of ~50 GW installed renewable capacity by 2030 and expects to invest DKK ~475 billion in the period 2023-2030.
  • Ørsted targets a group-wide EBITDA (excluding new partnerships) of DKK 50-55 billion in 2030, corresponding to a targeted annual average increase of 13-14 %.
  • Ørsted extends its return on capital employed (ROCE) target to the period 2023-2030, targeting an average ROCE of ~14 % in the period.
  • The Capital Markets Day is hosted on 8 June 2023 at 10-14 UTC+1 at the Science Museum in London.

EQS-News: HORNBACH Holding AG & Co. KGaA: HORNBACH Group delivers record sales performance amid uncertain backdrop and adopts cautious outlook for the financial year 2023/24

Retrieved on: 
Tuesday, May 16, 2023

The HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) increased consolidated net sales in the financial year 2022/23 (March 1, 2022 to February 28, 2023) by 6.6% to EUR 6,263 million on the back of robust underlying customer demand.

Key Points: 
  • The HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) increased consolidated net sales in the financial year 2022/23 (March 1, 2022 to February 28, 2023) by 6.6% to EUR 6,263 million on the back of robust underlying customer demand.
  • In line with guided results and preliminary figures, adjusted EBIT declined y-o-y by 20.0% to EUR 290.1 million.
  • Earnings per share at EUR 9.83 decreased from previous year’s record level (EUR 12.48) by 21.2%.
  • In line with its dividend policy, HORNBACH Holding will propose a stable dividend of EUR 2.40 at the Annual General Meeting on July 7, 2023.

EQS-News: BAUER Aktiengesellschaft: BAUER AG looks back on a challenging year in 2022

Retrieved on: 
Saturday, April 15, 2023

EUR -94.0 million (previous year: EUR 4.0 million)

Key Points: 
  • EUR -94.0 million (previous year: EUR 4.0 million)
    Schrobenhausen, Germany – At today's annual press conference, the BAUER Group looks back on a challenging year.
  • “We had to cope with some significant effects on earnings in 2022, which led to a significant loss," said Peter Hingott, Member of the Executive Board of BAUER AG.
  • In contrast, the total Group revenues of the BAUER Group rose by 13.7% to EUR 1,748.1 million, significantly above the previous year's figure of EUR 1,537.6 million.
  • Last Friday BAUER AG was informed by SD Thesaurus GmbH that SD Thesaurus GmbH and Doblinger Beteiligung GmbH have coordinated their conduct and thereby gained control over BAUER AG.