UBS AG

OSL Transacts First Investment-grade Tokenised Warrant by UBS In Hong Kong

Retrieved on: 
Friday, February 9, 2024

HONG KONG, Feb. 09, 2024 (GLOBE NEWSWIRE) -- OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (formerly BC Technology Group) (863.HK) - Hong Kong’s only publicly listed company fully dedicated to digital assets, proudly announces participation in UBS’s pilot investment-grade tokenised warrant and simulated product life cycle in Hong Kong - featuring an equity-linked call warrant token issued on the Ethereum-based public blockchain by UBS AG to OSL.

Key Points: 
  • HONG KONG, Feb. 09, 2024 (GLOBE NEWSWIRE) -- OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (formerly BC Technology Group) (863.HK) - Hong Kong’s only publicly listed company fully dedicated to digital assets, proudly announces participation in UBS’s pilot investment-grade tokenised warrant and simulated product life cycle in Hong Kong - featuring an equity-linked call warrant token issued on the Ethereum-based public blockchain by UBS AG to OSL.
  • This groundbreaking initiative can revolutionise the digital asset landscape in Hong Kong.
  • OSL, known for its dedication to setting global standards for innovation, performance, security, and compliance, is partnering with UBS to introduce the first investment-grade tokenised warrant and simulate the product life cycle in the region.
  • “OSL is proud to be working with the team of blockchain and product experts at UBS.

Alchip Technologies Prices Global Depository Receipt Offering at US$413 Million

Retrieved on: 
Tuesday, January 30, 2024

Taipei, Taiwan, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Alchip Technologies, Limited (TWSE: 3661) (“Alchip”) today priced its global depository receipt (“GDR”) offering at approximately US$413 million.

Key Points: 
  • Taipei, Taiwan, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Alchip Technologies, Limited (TWSE: 3661) (“Alchip”) today priced its global depository receipt (“GDR”) offering at approximately US$413 million.
  • The transaction was priced at US$111.53 per GDR (equivalent to NT$3,500 per common share), representing a 4.63% discount to the closing price of NT$3,670.
  • This is the second lowest discount since 2015 across all Taiwan GDR offerings, exceeded only by Alchip’s 2021 GDR offering.
  • UBS AG Hong Kong Branch acted as the Sole Global Coordinator and Sole Bookrunner for the offering.

Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities

Retrieved on: 
Monday, January 29, 2024

Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.
  • OPI has a one-year extension option for the $325 million secured revolving credit facility, subject to the payment of an extension fee and satisfaction of certain other customary conditions.
  • The Facilities are secured by 19 office properties with a gross carrying value of $942 million.
  • The Facilities replace OPI’s previous $750 million unsecured revolving credit facility that was scheduled to mature on January 31, 2024.

Hywin Holdings Wins Key Honor from Hong Kong Limited Partnership Fund Association (HKLPFA)

Retrieved on: 
Monday, December 4, 2023

HONG KONG, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management and health management service provider in China, was recognized as “Best Provider of Family Office Services” at the “Hong Kong Limited Partnership Fund Association - Annual Awards 2023”, a tribute to its contributions to the Hong Kong-domiciled asset management industry, and its tireless efforts to connect the global family office sector with the financial eco-system of Hong Kong.

Key Points: 
  • HONG KONG, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management and health management service provider in China, was recognized as “Best Provider of Family Office Services” at the “Hong Kong Limited Partnership Fund Association - Annual Awards 2023”, a tribute to its contributions to the Hong Kong-domiciled asset management industry, and its tireless efforts to connect the global family office sector with the financial eco-system of Hong Kong.
  • “We are deeply pleased and honored to receive this award,” said Dr. Nick Xiao, Vice President of Hywin Holdings and Chief Executive Officer of Hywin International.
  • The HKLPFA is the industry association guiding and promoting the Limited Partnership Fund (LPF) regime in Hong Kong.
  • In February 2023, Hywin International, the fully-owned Hong Kong subsidiary of Hywin Holdings, was elected as Vice Chair of the Association.

EQS-News: ams OSRAM successfully sells remaining shares following its rights issue, securing 808 million Euro gross proceeds from rights issue

Retrieved on: 
Tuesday, December 26, 2023

ams OSRAM successfully sells remaining shares following its rights issue, securing 808 million Euro gross proceeds from rights issue

Key Points: 
  • ams OSRAM successfully sells remaining shares following its rights issue, securing 808 million Euro gross proceeds from rights issue
    The issuer is solely responsible for the content of this announcement.
  • ams OSRAM successfully sells remaining shares following its rights issue, securing 808 million Euro gross proceeds from rights issue
    Premstaetten, Austria, and Munich, Germany (7 December 2023) – ams OSRAM announces that upon closing of the rights issue, scheduled on 11 December 2023, ams OSRAM will receive gross proceeds of approximately CHF 781 million (approximately EUR 808 million).
  • Following yesterday’s announcement of the rights issue’s preliminary results, ams OSRAM (SIX: AMS) confirms that subscription rights for 716,777,622 offered shares under the rights issue have been validly exercised by the end of the subscription period on 6 December 2023.
  • With the successful placement of 724,154,662 offered shares, the registered share capital of ams OSRAM will increase from EUR 274,289,280 to EUR 998,443,942.

EQS-News: ams OSRAM successfully completes its comprehensive financing plan reaching a healthy capital structure

Retrieved on: 
Thursday, December 21, 2023

Premstaetten, Austria, and Munich, Germany (13 December 2023) -- ams OSRAM (SIX: AMS) announces the successful completion of its comprehensive financing plan announced on 27 September 2023.

Key Points: 
  • EUR 450 mn
    Previously outstanding unsecured senior notes, due in 2025, redeemed
    Premstaetten, Austria, and Munich, Germany (13 December 2023) -- ams OSRAM (SIX: AMS) announces the successful completion of its comprehensive financing plan announced on 27 September 2023.
  • On behalf of the entire management team I would like to extend my gratitude to all our stakeholders for the confidence given to ams OSRAM”, says Aldo Kamper, CEO of ams OSRAM.
  • With these steps ams OSRAM successfully concludes the comprehensive financing plan announced on 27 September 2023.
  • With the successful completion of its comprehensive financing plan, ams OSRAM features a pro-forma net-debt to adjusted EBITDA ratio of 2.1x on based on Q3 / 2023 figures.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Comments on Shareholder Having to File an Application in the British Virgin Islands High Court for an Order for a Timely Special Meeting of Shareholders to be Held

Retrieved on: 
Thursday, December 7, 2023

The action was taken by the beneficial owner of Dazheng Group.

Key Points: 
  • The action was taken by the beneficial owner of Dazheng Group.
  • An injunction is being sought as a protective measure to preserve the status quo so that a timely and meaningful shareholder meeting can be held.
  • Otherwise if the Board continues on its planned course of action it will directly frustrate the clear wishes of the shareholders.
  • UBS AG Hong Kong Branch1 is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

The Fifth Annual Milken Institute Middle East and Africa Summit Returns to Abu Dhabi

Retrieved on: 
Thursday, December 7, 2023

The Milken Institute’s fifth annual Middle East and Africa (MEA) Summit will take place December 7-8, 2023 at the Rosewood Hotel Abu Dhabi.

Key Points: 
  • The Milken Institute’s fifth annual Middle East and Africa (MEA) Summit will take place December 7-8, 2023 at the Rosewood Hotel Abu Dhabi.
  • "This year’s Middle East and Africa Summit will focus on solutions to some of the challenges in the region that have global import," said Richard Ditizio , CEO of the Milken Institute.
  • The Milken Institute has a long-standing commitment to advancing solutions to global issues, and the MEA Summit is a testament to that commitment.
  • The Milken Institute will live-stream the Middle East and Africa Summit public sessions, expanding access to the event.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Issues Statement on Hollysys’ Announced Special Meeting

Retrieved on: 
Monday, November 27, 2023

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

Key Points: 
  • Buyer consortium (“the consortium”) led by Recco Control Technology Pte.
  • Ltd. (“Recco Control Technology”) and Dazheng Group (Hong Kong) Investment Holdings Company Limited (“Dazheng Group”) today reiterates its all-cash proposal of US$26.50 per share for Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”).
  • Members of the consortium also include TFI Asset Management Limited, and Great Wall Capital Co., Ltd, who have entered into a memorandum of strategic cooperation with Recco Control Technology and Dazheng Group in connection with the proposed acquisition of Hollysys.
  • UBS AG Hong Kong Branch1 is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Urges the Directors of Hollysys to Convene the Special Meeting of Shareholders and the Special Committee to Move Forward with a Transparent and Genuine Sale Process

Retrieved on: 
Monday, November 13, 2023

The consortium also calls on the directors of Hollysys to respect the rights of its shareholders and convene the legitimately requested special meeting immediately.

Key Points: 
  • The consortium also calls on the directors of Hollysys to respect the rights of its shareholders and convene the legitimately requested special meeting immediately.
  • Ascendent Capital Partners, which holds 13.7% of the shares, has also publicly called on the directors of Hollysys to convene the special meeting.
  • This brings the total shareholders requiring the directors to convene the special meeting to 46%.
  • UBS AG Hong Kong Branch is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.