CHESS

Orion Undertakes A$593 Million Sale of Capstone CDIs on the ASX

Retrieved on: 
Friday, April 5, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, Indian stock exchange, CSC, Pacific Ocean, CDI, CHESS, Macquarie Group, ASX, Sale, Regulation, News, CS, Orion, Prospectus, TSX, BTA, Pacific Time Zone, RBC Capital Markets, Security (finance)

The Secondary Offering is expected to close on or about April 9, 2024 (Pacific Time).

Key Points: 
  • The Secondary Offering is expected to close on or about April 9, 2024 (Pacific Time).
  • The net proceeds of the Secondary Offering will be paid directly to the Selling Shareholders.
  • The Selling Shareholders currently hold an aggregate of 152,936,179 Common Shares1, representing approximately 20.3% of the Company’s issued and outstanding Common Shares.
  • The Prospectus Supplement will be filed on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca on or before April 8, 2024 and released on the ASX.

Alcoa Enters into Binding Agreement to Acquire Alumina Limited

Retrieved on: 
Monday, March 11, 2024
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, UBS, Agreement, CDI, CHESS, ASX, AWAC, Australian Securities Exchange, AWC, AA, Aluminium

Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction.

Key Points: 
  • Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction.
  • The Independent Directors of Alumina Limited, and its Managing Director and Chief Executive Officer intend to vote all shares of Alumina Limited held or controlled by them in favor of the Agreement.
  • “Entering into the Scheme Implementation Deed to acquire Alumina Limited is a milestone on our path to deliver value for both Alcoa and Alumina shareholders,” said William F. Oplinger, Alcoa’s President and CEO.
  • Accordingly, under the Agreement, Alumina Limited shareholders would receive consideration of 0.02854 Alcoa shares for each Alumina Limited share (the “Agreed Ratio”).

UP Fintech: Client Assets Hit Record High, Over 75% from Clients in Markets such as SG; 2023 Net Income Surged by 237%

Retrieved on: 
Wednesday, March 20, 2024
Bitcoin, ESOP, PR, SGX, TAMP, Software as a service, Growth, Communication, CHESS, Tiger, ASX, News, IPO, Fintech, CME, Employee Stock Ownership Plan, Investment, AUM, Quarter, Depreciation, HK, ETF

In 2023, the company added 123,110 funded accounts, mainly from markets outside the Chinese mainland, surpassing annual guidance of 100,000.

Key Points: 
  • In 2023, the company added 123,110 funded accounts, mainly from markets outside the Chinese mainland, surpassing annual guidance of 100,000.
  • This drove a quarter-over-quarter increase of 62.1% and a year-over-year increase of 118.5% in total client assets, reaching US$30.6 billion.
  • Our global funded clients and assets have surged over tenfold, with revenue nearly quadrupling and net incomes compounding at a rate of 72%.
  • In 2023, UponeShare added 116 new corporate clients, bringing the total number of serviced corporate clients to 535.

Alcoa Announces Agreement With Alumina Limited on Terms and Process to Acquire Alumina Limited in All-Stock Transaction

Retrieved on: 
Sunday, February 25, 2024
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Acquisition, Foreign Investment Review Board, Agreement, AWC, Growth, Sale, Carbon, AA, ASX, AWAC, AEDT, Employment, UBS, Australian Securities Exchange, CHESS, Aluminium

Alcoa and Alumina Limited have entered into an exclusivity and transaction process deed (“Process Deed”), and the Alumina Limited Board of Directors has confirmed that, subject to entry into a scheme implementation agreement, it intends to recommend the transaction to Alumina Limited shareholders.

Key Points: 
  • Alcoa and Alumina Limited have entered into an exclusivity and transaction process deed (“Process Deed”), and the Alumina Limited Board of Directors has confirmed that, subject to entry into a scheme implementation agreement, it intends to recommend the transaction to Alumina Limited shareholders.
  • Under the all-scrip, or all-stock, transaction, Alumina Limited shareholders would receive consideration of 0.02854 Alcoa shares for each Alumina Limited share (the “Agreed Ratio”).
  • Under the Process Deed, Alcoa and Alumina Limited intend to finalize and enter into a scheme implementation agreement for the all-scrip transaction (the “Agreement”).
  • Upon completion of the Agreement, Alumina Limited shareholders would own 31.25 percent, and Alcoa shareholders would own 68.75 percent of the combined company.1
    Alcoa is the sole operator of Alcoa World Alumina and Chemicals (AWAC), a joint venture (“JV”) with Alumina Limited.

Metals Acquisition Limited Initial Offering in Connection with ASX Listing Oversubscribed and Upsized to ~A$325million

Retrieved on: 
Friday, February 9, 2024
Mining, Minerals, Natural Resources, Slate, CHESS, CDI, Australian Securities Exchange, Offer, Acquisition, Sale, ASX, MAC, IPO, AEST, Life insurance

The Offer is being undertaken in connection with MAC’s dual listing on the Australian Securities Exchange (“ASX”).

Key Points: 
  • The Offer is being undertaken in connection with MAC’s dual listing on the Australian Securities Exchange (“ASX”).
  • The final price for the Offer has been set at the top of the indicative price range, being A$17.00 (~US$11.18)1 per CDI.
  • Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited are acting as joint lead managers to the IPO (“Joint Lead Managers”).
  • Gilbert + Tobin, Skadden, Arps, Slate, Meagher & Flom and Ogier are acting as Australian, US and Jersey legal advisors to the Company in relation to the offer and ASX listing.

CHESS Health Solutions Expands into Medicaid Services, Enhancing Value-based Care in North Carolina

Retrieved on: 
Thursday, January 25, 2024
AMH, MD, CIN, Operation, HITRUST, PHP, Quality, Health, CHESS, Winston-Salem, North Carolina, Value

Winston-Salem, NC, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Winston-Salem, NC - CHESS Health Solutions, a pioneering force in value-based healthcare, is proud to announce its expansion into the Medicaid services market in North Carolina.

Key Points: 
  • Winston-Salem, NC, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Winston-Salem, NC - CHESS Health Solutions, a pioneering force in value-based healthcare, is proud to announce its expansion into the Medicaid services market in North Carolina.
  • “At CHESS, our goal is to be an all-patient solution provider” said Yates Lennon, MD, President of CHESS Health Solutions.
  • CHESS Health Solutions invites healthcare providers, industry experts, and Medicaid Managed Care Organizations to engage with us as we embark on this journey to transform Medicaid services in North Carolina.
  • CHESS Health Solutions is a physician-led company that collaborates with providers and health systems to transform care delivery from a fee-for-service model to value-based care.

ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2024

Retrieved on: 
Wednesday, January 24, 2024
DAN, Woman, ResMed, Patient, Wind, Software as a service, Magnet, American Medical Association, COPD, JAMA, Investment, CDI, Journal, Acquisition, Chronic obstructive pulmonary disease, Webcast, Retirement, Australian Securities Exchange, CHESS, Mask, Growth

SAN DIEGO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- ResMed Inc. (NYSE: RMD, ASX: RMD) today announced results for its quarter ended December 31, 2023.

Key Points: 
  • Gross margin decreased by 50 basis points mainly due to costs associated with a field safety notification for masks with magnets.
  • SG&A expenses improved to 19.1 percent of revenue in the quarter, compared with 20.5 percent in the same period of the prior year.
  • ResMed has received a waiver from the ASX’s settlement operating rules, which will allow ResMed to defer processing conversions between its common stock and CDI registers from February 7, 2024, through February 8, 2024, inclusive.
  • ResMed will discuss its second quarter fiscal year 2024 results on its webcast at 1:30 p.m. U.S. Pacific Time today.

Light & Wonder, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Electronic Games, Online, Mobile Entertainment, General Entertainment, Entertainment, Acquisition, Interim, Investment, L&W, Light & Wonder, ASX, Table, IGaming Business, Growth, AEBITDA, CHESS, Video game, Security (finance), Cryptocurrency, Light, Lottery

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we,” or the “Company”) today reported results for the third quarter ended September 30, 2023.

Key Points: 
  • Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder,” “L&W,” “we,” or the “Company”) today reported results for the third quarter ended September 30, 2023.
  • We maintained strong momentum in the third quarter and delivered a tenth consecutive quarter of consolidated revenue growth and fifth consecutive quarter of double-digit growth year-over-year.
  • Consolidated revenue in the quarter grew 13%, maintaining strong margins and cash flow generation as we continued advancing toward our long-term financial targets.
  • Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, “Our tremendous team at Light & Wonder continues to deliver exceptional results with double-digit growth across all three of our businesses for the fourth consecutive quarter.

Indiana School District Deploys Portfolio of Energy Storage Systems with Veregy & Energy Toolbase

Retrieved on: 
Wednesday, November 8, 2023
MSD, Acumen, BYD, Content management system, CHESS, Carbon, C&I, LED, Partnership, School, HVAC, Heating, ventilation, and air conditioning

INDIANAPOLIS, Nov. 8, 2023 /PRNewswire/ -- The MSD Wayne Township school district and Veregy have deployed a portfolio of energy storage systems across six elementary schools utilizing Energy Toolbase's Acumen EMS™ controls software and BYD's state-of-the-art battery technology. Energy Toolbase procured an all-in-one energy storage system totaling 720kW/1,548kWh in energy storage capacity with BYD's CHESS units, enabling the energy storage system to accurately target peak demand charges using Acumen EMS. The Energy Toolbase and BYD partnership allows developers to take a modular approach to smaller C&I projects by stacking the CHESS 120kW/258kWh units to fit the project needs.

Key Points: 
  • INDIANAPOLIS, Nov. 8, 2023 /PRNewswire/ -- The MSD Wayne Township school district and Veregy have deployed a portfolio of energy storage systems across six elementary schools utilizing Energy Toolbase's Acumen EMS™ controls software and BYD's state-of-the-art battery technology.
  • Energy Toolbase procured an all-in-one energy storage system totaling 720kW/1,548kWh in energy storage capacity with BYD's CHESS units, enabling the energy storage system to accurately target peak demand charges using Acumen EMS.
  • The systems are included in an extensive portfolio of nine schools, all designed and installed by Veregy .
  • Veregy has implemented over twenty energy conservation measures (ECMs), including solar canopies at six locations, battery storage at nine sites, live energy monitoring, HVAC upgrades, and LED lighting.

ResMed Inc. Announces Results for the First Quarter of Fiscal Year 2024

Retrieved on: 
Thursday, October 26, 2023
Astral, ERS, Airview Historic District, Australian Securities Exchange, CDI, NYSE, CHESS, ASV, OSA, Physician, Congress, Acquisition, DAN, Webcast, Sleep, European Respiratory Society, NIV, ResMed, Software as a service, Cryptocurrency, Health care, Video game, Pharmaceutical industry, CPAP

SAN DIEGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- ResMed Inc. (NYSE: RMD, ASX: RMD) today announced results for its quarter ended September 30, 2023.

Key Points: 
  • Revenue grew by 15 percent on a constant currency basis, driven by increased demand for our sleep and respiratory care devices.
  • Revenue in Europe, Asia, and other markets, excluding Software-as-a-Service, grew by 18 percent on a constant currency basis.
  • SG&A expenses improved to 20.2 percent of revenue in the quarter, compared with 20.4 percent in the same period of the prior year.
  • ResMed will discuss its first-quarter fiscal year 2024 results on its webcast at 1:30 p.m. U.S. Pacific Time today.