CEFC

CEFC Financial was Granted the Exclusive Right of Use of the Intellectual Property Right of Animated Characters by Chengdu Dreamtoys

Retrieved on: 
Wednesday, January 19, 2022 - 7:52am

Furthermore, the Group has the right to sublicense the IP Characters to third parties upon obtaining consent from Chengdu Dreamtoys.

Key Points: 
  • Furthermore, the Group has the right to sublicense the IP Characters to third parties upon obtaining consent from Chengdu Dreamtoys.
  • Chengdu Dreamtoys is principally engaged in the research and development, operation and promotion of trendy cultural products.
  • The IP Characters developed by Chengdu Dreamtoys could be used in the production of toys and figures, apparels and virtual images in games.
  • CEFC Hong Kong Financial Investment Company Limited (1520.HK) is principally engaged in (i) design, manufacturing and trading of apparel; and (ii) provision of money-lending business.

CEFC Financial Proposes Change of Company Name to Virtual Mind Holding Strategically Transforming to be an All-rounded Trendy Apparel Product Manufacturer

Retrieved on: 
Tuesday, January 11, 2022 - 1:30am

The proposed change of company name is subject to the approvals of shareholders and the Registrar of Companies in the Cayman Islands.

Key Points: 
  • The proposed change of company name is subject to the approvals of shareholders and the Registrar of Companies in the Cayman Islands.
  • The recent development in the apparel industry has been shifting its focus towards the market segment in the younger generation with trendy culture.
  • Qingdao Weiding is principally engaged in the research and development, production and sales of trendy and sports apparel and accessories products.
  • In view of the enormous potential in the trendy apparel market, the management of the Group plans to progressively expand the Group's trendy apparel manufacturing business in future and strategically transform its business from private label women's apparel manufacturer to an all-rounded trendy apparel product manufacturer.

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on: 
Wednesday, November 24, 2021 - 1:05pm

ITHACA, Mich., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points: 
  • ITHACA, Mich., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
  • The dividend is payable January 3, 2022 to shareholders of record on December 17, 2021.
  • Based on a recent closing price of $11.35 per share, the annualized dividend yield is 4.93%.

Global e-bike innovator Zoomo raises $60M to lead commercial e-bike industry

Retrieved on: 
Monday, November 15, 2021 - 8:11pm

Grok was joined by Skip Capital, the investment office of Atlassian's other Co-Founder Scott Farquhar, as well as global CleanTech investor, ArcTern Ventures .

Key Points: 
  • Grok was joined by Skip Capital, the investment office of Atlassian's other Co-Founder Scott Farquhar, as well as global CleanTech investor, ArcTern Ventures .
  • Viola Credit is part of Viola Group , which is Israel's leading tech-focused investor with >$3 billion in assets under management.
  • Alberto Menolascina, General Manager UK at Gopuff said,"Our Zoomo e-bike fleet is critical to enabling our rapid grocery delivery promise.
  • The funding will strengthen Zoomo's goal of electrifying commercial delivery fleets, a critical step in meeting emissions reduction targets.

Global e-bike innovator Zoomo raises $60M to lead commercial e-bike industry

Retrieved on: 
Monday, November 15, 2021 - 7:45pm

Grok was joined by Skip Capital, the investment office of Atlassian's other Co-Founder Scott Farquhar, as well as global CleanTech investor, ArcTern Ventures .

Key Points: 
  • Grok was joined by Skip Capital, the investment office of Atlassian's other Co-Founder Scott Farquhar, as well as global CleanTech investor, ArcTern Ventures .
  • Viola Credit is part of Viola Group , which is Israel's leading tech-focused investor with >$3 billion in assets under management.
  • Alberto Menolascina, General Manager UK at Gopuff said,"Our Zoomo e-bike fleet is critical to enabling our rapid grocery delivery promise.
  • The funding will strengthen Zoomo's goal of electrifying commercial delivery fleets, a critical step in meeting emissions reduction targets.

Commercial National Financial Corporation Reports 3rd Quarter 2021 Earnings

Retrieved on: 
Friday, October 29, 2021 - 2:09pm

ITHACA, Mich., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced third quarter 2021 net income of $1,478,000, or $.37 per share compared to third quarter 2020 net income of $1,177,000, or $.30 per share.

Key Points: 
  • ITHACA, Mich., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced third quarter 2021 net income of $1,478,000, or $.37 per share compared to third quarter 2020 net income of $1,177,000, or $.30 per share.
  • Return on Equity (ROE) was 13.35% for the third quarter of 2021 compared to 11.50% for the third quarter of 2020.
  • The provision for loan losses expense was negative $225,000 for the third quarter of 2021, compared to $300,000 for the third quarter of 2020.
  • Commercial National Financial Corporation operates through a single subsidiary bank, Commercial Bank.

Novalith raises $2.5m seed funding to launch its clean lithium extraction technology

Retrieved on: 
Monday, October 25, 2021 - 10:58am

SYDNEY, Oct. 25, 2021 /PRNewswire/ -- Novalith Technologies Pty Ltd ("Novalith"), an Australian climate technology companytargeting the global lithium market, has successfully raised AU$2.5 million in a seed funding round.

Key Points: 
  • SYDNEY, Oct. 25, 2021 /PRNewswire/ -- Novalith Technologies Pty Ltd ("Novalith"), an Australian climate technology companytargeting the global lithium market, has successfully raised AU$2.5 million in a seed funding round.
  • Novalith is set to accelerate the development of its Australian-made lithium extraction and refining technology to provide a low carbon, sustainable approach to lithium production.
  • Their technology aims to substantially reduce production costs, improve sustainability outcomes, and ultimately revolutionise the global battery supply chain.
  • By investing in this ground-breaking Novalith technology, we are backing the development of a competitive sustainable business of the future."

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on: 
Thursday, August 19, 2021 - 1:36pm

ITHACA, Mich., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points: 
  • ITHACA, Mich., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
  • The dividend is payable October 1, 2021 to shareholders of record on September 17, 2021.
  • Based on a recent closing price of $10.77 per share, the annualized dividend yield is 5.20%.