1973 Sale and Purchase Agreement

noco-noco to Acquire X-SEPA™ Separator and Lithium-ion Battery Development Company noco-tech

Retrieved on: 
Monday, October 23, 2023

Ltd.  has entered into a Sales and Purchase Agreement to acquire noco-tech Inc. (“noco-tech”), a technology innovator from 3DOM Alliance Inc.  (“3DOM”).

Key Points: 
  • Ltd.  has entered into a Sales and Purchase Agreement to acquire noco-tech Inc. (“noco-tech”), a technology innovator from 3DOM Alliance Inc.  (“3DOM”).
  • The agreement includes an indefinite license to produce and market the X-SEPA™ separator technology developed by 3DOM.
  • Under the terms of the transaction, noco-noco will issue up to twenty-five million new shares at US$2 per share to fund the acquisition.
  • noco-tech is the 3DOM subsidiary focused on research and development (“R&D”) innovation and battery technology production.

Grindrod Shipping Holdings Ltd. Announces Entry Into Sale and Purchase Agreements

Retrieved on: 
Monday, September 25, 2023

SINGAPORE, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced the entry by Grindrod Shipping Pte.

Key Points: 
  • SINGAPORE, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced the entry by Grindrod Shipping Pte.
  • Ltd., a wholly owned subsidiary of Grindrod Shipping, as buyer, and Grindrod Shipping, as parent, into two sale and purchase agreements (the “Sale and Purchase Agreements”) to acquire the entire issued share capital of Taylor Maritime Management Limited and Tamar Ship Management Limited (the “Companies”) from, in the case of Taylor Maritime Management Limited, Taylor Maritime Group Limited and, in the case of Tamar Ship Management Limited, Taylor Maritime Group Limited and Temeraire Holding (MI) Limited (together, the “Sellers”) (collectively the “Acquisition”).
  • Following the Acquisition, the Companies will become wholly owned subsidiaries of Grindrod Shipping.
  • Grindrod Shipping intends to finance the transaction with a combination of cash on hand and allotment of new Grindrod Shipping ordinary shares over the two years from completion.

eureKING, the first European SPAC in healthcare dedicated to biomanufacturing, announces the signature of a put option for the potential acquisition of Skyepharma to build a new European bio-CDMO leader

Retrieved on: 
Tuesday, May 30, 2023

58.1% of the share capital (on a fully-diluted basis) of Oleron Pharma which holds 100% of the share capital of Skyepharma.

Key Points: 
  • 58.1% of the share capital (on a fully-diluted basis) of Oleron Pharma which holds 100% of the share capital of Skyepharma.
  • The proposed transaction would constitute the “Initial Business Combination” (or “IBC”), described in the IPO Prospectus of eureKING.
  • After completion of both the Acquisition and the Contribution, Oleron Pharma, and thus Skyepharma, will be fully owned by eureKING.
  • Skyepharma was created in 1996 and it acquired its current industrial site, in Saint-Quentin-Fallavier, near Lyon in 1997.

Newborn Town Announces 2022 Annual Results: Revenue Rose over 18% YoY and Profit Attributable to the Owners of Company Increased by 145.5%

Retrieved on: 
Friday, March 24, 2023

In 2022, Newborn Town recorded a revenue of RMB 2,800 million, representing a year-on-year ("YoY") increase of 18.6%.

Key Points: 
  • In 2022, Newborn Town recorded a revenue of RMB 2,800 million, representing a year-on-year ("YoY") increase of 18.6%.
  • Profit for 2022 increased by 174.2% YoY to RMB 287 million, and profit attributable to the owners of company increased by 145.5% YoY to RMB 130 million.
  • According to the announcement, Newborn Town has witnessed steady growth in its social networking business throughout 2022.
  • In addition to consolidating its core social business, Newborn Town continued exploring the synergies between gaming and social networking segments.

CHINA NATURAL RESOURCES ANNOUNCES STRATEGIC ACQUISITION OF LITHIUM MINE IN ZIMBABWE

Retrieved on: 
Tuesday, February 28, 2023

Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%.

Key Points: 
  • Feishang Group Limited (CHNR's controlling shareholder) owns 70% of Williams Minerals and Top Pacific (China) Limited, a non-affiliate, owns the remaining 30%.
  • The Company may issue restricted CHNR shares at a discount to the market price to secure a portion of the required capital.
  • There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all.
  • At the same time, there is a significant supply shortage, which puts an even greater value on asset owners and mines.