CEMAC

Capitalworks Emerging Markets Acquisition Corp. Provides Update on Lexasure Group Business Combination

Retrieved on: 
Friday, May 12, 2023
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NEW YORK and GEORGE TOWN, Cayman Islands, May 12, 2023 /PRNewswire/ -- Capitalworks Emerging Markets Acquisition Corp. ("CEMAC") (NASDAQ: CMCA), a publicly traded special purpose acquisition company organized in the Cayman Islands to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization or other similar business combination, announced an update on its previously announced initial business combination with Lexasure Financial Group ("Lexasure" or the "Company"), pursuant to which a new Cayman Islands holdings company, Lexasure Financial Holdings Corp. ("Pubco"), will acquire both Lexasure and CEMAC.

Key Points: 
  • NEW YORK and GEORGE TOWN, Cayman Islands, May 12, 2023 /PRNewswire/ -- Capitalworks Emerging Markets Acquisition Corp. ("CEMAC") (NASDAQ: CMCA), a publicly traded special purpose acquisition company organized in the Cayman Islands to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization or other similar business combination, announced an update on its previously announced initial business combination with Lexasure Financial Group ("Lexasure" or the "Company"), pursuant to which a new Cayman Islands holdings company, Lexasure Financial Holdings Corp. ("Pubco"), will acquire both Lexasure and CEMAC.
  • CEMAC is seeking shareholder approval for a nine-month extension to March 3, 2024, of its deadline to complete a business combination at a shareholder meeting scheduled for May 23, 2023.
  • Lexasure provides reinsurance and digital insurance solutions, including Reinsurance-as-a-Service (RaaS), to the growing markets of Southeast and South Asia.
  • The proposed business combination will be submitted to the shareholders of CEMAC for their consideration and approval.

Lexasure Financial Group, a Leading Provider of Reinsurance and Digital Insurance Products, Signed Business Combination Agreement to Go Public via Combination with Capitalworks Emerging Markets Acquisition Corp. (CEMAC)

Retrieved on: 
Wednesday, March 1, 2023
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Lexasure enables local direct insurers to compete across emerging Asia through innovative product solutions designed to empower insurers, companies, and individuals to manage risk more effectively and accelerate their growth.

Key Points: 
  • Lexasure enables local direct insurers to compete across emerging Asia through innovative product solutions designed to empower insurers, companies, and individuals to manage risk more effectively and accelerate their growth.
  • Lexasure is led by a senior leadership team comprised of insurance veterans and technology leaders with over 150 years of combined industry experience.
  • “Its rapid growth of revenue and profitability is supported by expanding its traditional business lines and pioneering a cloud-based B2B2C platform.
  • ARC Group is acting as a financial advisor to Lexasure.

Capitalworks Emerging Markets Acquisition Corp Announces Change of Extraordinary General Meeting of Shareholders Date to March 1, 2023

Retrieved on: 
Thursday, February 23, 2023
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NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Capitalworks Emerging Markets Acquisition Corp (the “Company”) (Nasdaq: “CMCAU”, “CMCA”, “CMCAW”) announced today that the extraordinary general meeting of shareholders (the “Meeting”), originally scheduled for Friday, February 24, 2023, is being postponed to Wednesday, March 1, 2023.

Key Points: 
  • NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Capitalworks Emerging Markets Acquisition Corp (the “Company”) (Nasdaq: “CMCAU”, “CMCA”, “CMCAW”) announced today that the extraordinary general meeting of shareholders (the “Meeting”), originally scheduled for Friday, February 24, 2023, is being postponed to Wednesday, March 1, 2023.
  • As a result of this change, the Meeting will now be held at 4:00 p.m., Eastern Time, on Wednesday, March 1, 2023, via a live webcast at https://www.cstproxy.com/cemac/2023 .
  • The Company plans to continue to solicit proxies from shareholders during the period prior to the Meeting.
  • Only the holders of the Company’s ordinary shares as of the close of business on January 19, 2023, the record date for the Meeting, are entitled to vote at the Meeting.

COFICERT: COFICERT FRANCE AWARDS THE AML 30000 CERTIFICATE TO BGFI BANK GABON, UNDER THE AEGIS OF THE MINISTER OF ECONOMY AND RECOVERY

Retrieved on: 
Tuesday, May 3, 2022
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COFICERT: COFICERT FRANCE AWARDS THE AML 30000 CERTIFICATE TO BGFI BANK GABON, UNDER THE AEGIS OF THE MINISTER OF ECONOMY AND RECOVERY

Key Points: 
  • COFICERT: COFICERT FRANCE AWARDS THE AML 30000 CERTIFICATE TO BGFI BANK GABON, UNDER THE AEGIS OF THE MINISTER OF ECONOMY AND RECOVERY
    Dissemination of a French Regulatory News, transmitted by EQS Group.
  • This important certification, unprecedented for an establishment in the CEMAC zone, delights us for a number of reasons.
  • It is in line with the priorities of the Gabonese Republic Government, which has launched a nationwide AML/CFT risk assessment process...
  • BGFI has set an example in the region and paved the way for other financial institutions in the market.