Virgin Islands

The Majority of K-12 Public Schools Offer Academically Focused Summer and After-School Programs

Retrieved on: 
Wednesday, November 8, 2023

WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- Seventy-eight percent of U.S. public schools provided summer programming in 2023 designed to help students academically, according to data released today by the National Center for Education Statistics (NCES), the statistical center within the U.S. Department of Education's Institute of Education Sciences (IES).

Key Points: 
  • The NCES data on academically focused summer programs includes summer school, learning and enrichment (L&E), bridge, and other summer programs.
  • Seventy-eight percent offered academically focused summer programming, which includes summer school, learning and enrichment (L&E), bridge, and other summer programs.
  • Around 90 percent of public schools offering academically focused summer programs did so at no cost to families (summer school, 90 percent; L&E programs, 87 percent; bridge programs, 90 percent).
  • Most public schools offering academically focused summer programs had full-time teachers working in these programs (summer school, 95 percent; L&E programs, 89 percent; bridge programs, 86 percent).

OneMove Capital Ltd. Increases Ownership Position in Dye & Durham to Over 10%

Retrieved on: 
Monday, November 6, 2023

Prior to the completion of the Acquisition, OneMove owned and exercised control over 5,215,876 Common Shares.

Key Points: 
  • Prior to the completion of the Acquisition, OneMove owned and exercised control over 5,215,876 Common Shares.
  • The Common Shares owned and controlled by OneMove immediately prior to the Acquisition represented an aggregate of approximately 9.49% of the then-outstanding Common Shares.
  • Immediately following the completion of the Acquisition, OneMove owns and exercises control over 5,515,876 Common Shares.
  • Depending on various factors, OneMove may in the future purchase or sell securities or engage in other activities relating to the Company.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Responds to Hollysys’ Misleading and Alarming Statements Seeking to Disenfranchise Shareholders

Retrieved on: 
Tuesday, October 31, 2023

Buyer consortium (“the consortium”) led by Recco Control Technology Pte.

Key Points: 
  • Buyer consortium (“the consortium”) led by Recco Control Technology Pte.
  • Despite the valid request from shareholders representing significant ownership in the Company, Hollysys has to date refused to call a special meeting.
  • The consortium calls on the board of Hollysys to respect the rights of its shareholders and convene the special meeting immediately.
  • UBS AG Hong Kong Branch is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

University of Massachusetts Lowell Supports Young Men's Wellness in Partnership with Innovative Startup MANUAL

Retrieved on: 
Friday, October 27, 2023

WASHINGTON, Oct. 27, 2023 /PRNewswire/ -- Today, the University of Massachusetts Lowell announced a new partnership with MANUAL, an innovative online men's personal development platform, to provide young men on campus with anonymous support and resources for their physical, psychological, academic, and sexual well-being.

Key Points: 
  • WASHINGTON, Oct. 27, 2023 /PRNewswire/ -- Today, the University of Massachusetts Lowell announced a new partnership with MANUAL, an innovative online men's personal development platform, to provide young men on campus with anonymous support and resources for their physical, psychological, academic, and sexual well-being.
  • "We're proud to invest in the well-being of young men at UMass Lowell," said Ruben Sança, Director of Student Life & Well-Being at the University of Massachusetts Lowell.
  • The partnership between UMass Lowell and MANUAL represents a significant step forward in addressing men's health challenges on college campuses.
  • This year MANUAL is partnering with a diverse group of academic institutions and organizations across the country, including Elmhurst University, Indiana University, the University of Mississippi, and the University of the Virgin Islands.

Gravitas Education Holdings, Inc. Announces Extension of the Outside Date of the Merger

Retrieved on: 
Wednesday, October 18, 2023

BEIJING, Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger.

Key Points: 
  • BEIJING, Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger.
  • As previously announced, the Company, Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon entered into the agreement and plan of merger (the "Merger Agreement") on April 18, 2023, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"), and Merger Sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the "Merger").
  • eLMTree has executed and delivered a joinder to the Merger Agreement on August 18, 2023.
  • Pursuant to the Amendment Agreement, the parties also agreed to change the composition of the board of the Company immediately after the effective time of the Merger, to adjust the number of shares of the Company to be sold by certain existing shareholders of the Company pursuant to a share purchase agreement dated April 18, 2023, to NetDragon Websoft Inc., a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of NetDragon (the "Secondary Sale"), to waive certain condition precedent to the closing of the Secondary Sale and the closing of the divestiture of the Company's education business in China to Rainbow Companion, Inc., and on certain additional logistical matters related to the Closing.

Trans Global Group Inc. established WTB in BVI

Retrieved on: 
Wednesday, October 11, 2023

The main business in this company is established two value systems through developing blockchain technology and using it.

Key Points: 
  • The main business in this company is established two value systems through developing blockchain technology and using it.
  • Launched the WTBS Internet social e-commerce APP, so that consumers can get unequal amounts of WTB while consuming, and make consumption value-added come true.
  • To promote the global awareness of WTB and accelerate its liquidity, consumer mining, smart payment and smart contracts should be used world-wide, thereby increasing the financial value of WTB continuously.
  • Our goal is to bring continuous investment returns to WTB holders and create sustainable value for our consumers and shareholders.”

UMeWorld Limited Executing Key Acquisition Corporate Actions

Retrieved on: 
Tuesday, October 10, 2023

MIAMI, Oct. 10, 2023 (GLOBE NEWSWIRE) -- UMeWorld Limited (OTC: UMEWF), a vertically integrated edible oil company, is announcing a majority shareholder and directors resolution for the approval of two key corporate actions, outlined below, undertaken with a view to furthering recently publicized acquisitions.

Key Points: 
  • MIAMI, Oct. 10, 2023 (GLOBE NEWSWIRE) -- UMeWorld Limited (OTC: UMEWF), a vertically integrated edible oil company, is announcing a majority shareholder and directors resolution for the approval of two key corporate actions, outlined below, undertaken with a view to furthering recently publicized acquisitions.
  • UMeWorld will engage in a corporate domestication into the United States from the current operating jurisdiction of the British Virgin Islands.
  • A public offering of Series A securities will provide UMeWorld with substantial capital for planned and forthcoming asset and company acquisitions.
  • These offerings will be the first preferred shares issued by the company and are intended to encapsulate a number of unique characteristics.

Canada to welcome Caribbean leaders to Ottawa to strengthen ties

Retrieved on: 
Wednesday, October 4, 2023

OTTAWA, ON, Oct. 4, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today announced that he will welcome leaders from the Caribbean Community (CARICOM) to Ottawa for the first Canada-CARICOM Summit on Canadian soil.

Key Points: 
  • OTTAWA, ON, Oct. 4, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today announced that he will welcome leaders from the Caribbean Community (CARICOM) to Ottawa for the first Canada-CARICOM Summit on Canadian soil.
  • The leaders will also work to fight climate change and address its impacts in the Caribbean, including by exploring ways to improve access to financing for Small Island Developing States in the Caribbean.
  • Finally, the leaders will engage with Canadian business leaders and investors to further commercial opportunities in the region.
  • "I look forward to welcoming leaders from the Caribbean Community to Ottawa this month.

AM Best Revises Outlooks to Negative, Affirms Credit Ratings of Spheric Assurance Company, Ltd.

Retrieved on: 
Thursday, September 14, 2023

These Credit Ratings (ratings) reflect Spheric’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Key Points: 
  • These Credit Ratings (ratings) reflect Spheric’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • 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 .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Inception Growth Acquisition Limited and AgileAlgo Holdings Limited Announce the Execution of a Definitive Business Combination Agreement

Retrieved on: 
Wednesday, September 13, 2023

New York, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company” or “IGTA”), a Delaware incorporated publicly traded special purpose acquisition company, and AgileAlgo Holdings Limited (“AgileAlgo”), a British Virgin Islands business company that, through its Singapore-based subsidiary, AgileAlgo Pte Ltd., is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms, today announced they have entered into a definitive agreement for a business combination (the “Business Combination Agreement”).

Key Points: 
  • New York, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company” or “IGTA”), a Delaware incorporated publicly traded special purpose acquisition company, and AgileAlgo Holdings Limited (“AgileAlgo”), a British Virgin Islands business company that, through its Singapore-based subsidiary, AgileAlgo Pte Ltd., is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms, today announced they have entered into a definitive agreement for a business combination (the “Business Combination Agreement”).
  • The partnership with IGTA will allow us to access the capital market to speed up our growth in this critical moment of the industry.
  • The boards of directors of IGTA and AgileAlgo both unanimously approved the proposed business combination.
  • Porche Capital Ltd is acting as a business advisor to AgileAlgo in the proposed business combination.