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Republic Bank cannot appoint new chairman after board member dies

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PHILADELPHIA — A federal judge has issued an injunction preventing Republic Bank’s parent company from appointing a new chairman of the board after one of its members died.

Before the death of longtime director Theodore Flocco on May 10, Republic First Bancorp Inc.’s board of directors was split 4-4 over control of the company. Half favored retaining current President Vernon Hill II and the other half sought to oust him.

Hours after Flocco’s death, Hill’s opponents on the board, now with a 4-3 majority, proposed appointing Republic Bank Chairman Harry Madonna as interim chairman, according to a federal lawsuit filed. by Hill and his associates.

Three days later, Republic First announced that Madonna, who founded Republic Bank in 1988, would succeed Hill “effective immediately.” Hill would remain a director and CEO of the company, according to the ad.

A vote to permanently replace Hill would take place at an annual meeting that has yet to be scheduled.

Previously:The Norcross group proposes the acquisition of Republic First Bancorp.

On May 17, Hill, along with fellow directors Brian Tierney and Barry Spevak, filed a federal lawsuit against the rest of the board alleging that they “led a campaign to take control of the board (of Republic First) so that they can sell or refinance (Republic First) at any price and on any terms to their advantage and that of their allies, but at the expense of the vast majority of shareholders of (Republic First ).

The complaint alleges that Madonna’s employment contract “gives her a powerful incentive to sell” Republic First. It also indicates that he is entitled to a transaction bonus of at least $1 million in the event of a “merger, sale or transfer of the majority of the shares of the bank or the company”.

Other SJ business news:Port manufacturing jobs on the horizon in Paulsboro, two steel mills under construction

On the same day, an investment group led by South Jersey businessman George Norcross III and former TD Bank executive Greg Braca withdrew two lawsuits against the company and some of its directors.

The first concerned “alleged efforts to alter employment and compensation agreements to entrench (Hill) as chairman and CEO and disenfranchise Republic First shareholders,” according to a press release. The second lawsuit sought to compel Republic First to make its books and records available for inspection.

The injunction, issued May 19, prohibits the board from engaging “in any action outside the ordinary course of the day-to-day management of (Republic First or Republic Bank)” without the unanimous consent of all members during seven days. It also requires that at least five board members be present at any business meeting during this time for the board to transact business.

Southern New Jersey Restaurants: From Cherry Hill to Ocean City, 10 places to dine

It is the latest development in an ongoing battle for control of the Philadelphia-based bank, which has 33 offices in Philadelphia, South Jersey and New York. The company also operates Oak Mortgage Co.

In March, Norcross-Braca Group offered to invest $50 million in Republic First and spend up to $106 million to acquire a majority stake in the company. The proposal also included a request for Hill’s removal as chairman and CEO.

In April:Auditor calls for independent investigation into Republic Bank operator

In addition to the executive clash, Republic First is also in the midst of an independent review and audit regarding “related party transactions, certain of the company’s controls, and any associated implications on the financial statements and disclosure” for 2021.

This prevented the company from filing its annual and quarterly reports with the Securities and Exchanges Commission, according to a statement.

On the same day the injunction was issued, however, First Republic received a notification from the Nasdaq stock market that it was not in compliance with market listing rules for failing to file the reports. The company has not yet filed the reports and does not expect to file them until the review is complete, according to the statement. The notice does not immediately affect the market listing of First Republic’s shares, and it has until May 31 to submit a plan to Nasdaq to regain compliance.

Aedy Miller is a multimedia journalist covering education, labor, climate change, mental health and their intersections for the Burlington County Times, Courier-Post and The Daily Journal. Contact them at [email protected]

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Three ways Aaron Judge increased his value with an early push and why he could become the Yankees’ highest-paid player

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At 29-13, the New York Yankees hold the best record in baseball, even after losing their last three games. The Yankees scored a run in Sunday’s double sweep against the Chicago Sox. It was the first time they failed to score more than a point in a doubleheader since September 2014, and the first time at home since August 1991.

The Yankees scored five runs during the three-game losing streak and all five came on homers from Aaron Judge. He took ChiSox setup man Kendall Graveman deep on Sunday, then got Baltimore Orioles right-hander Jordan Lyles twice on Monday. Judge leads MLB with 17 home runs (no one else has more than 12) and overall he hits .325/.398/.715 while playing plenty of center field (13 starts) in addition to right (21 starts).

“Sometimes I take him for granted, I think. But not at the moment. He really carries us offensively,” Yankees manager Aaron Boone said. New York Post following Judge’s two home run effort on Monday.

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Before the season deems somewhat surprising rejected a seven-year, $213.5 million contract extension that would have taken him through to 2029, his season at age 37. It certainly wasn’t an unreasonable offer, but Judge deemed it too light, so he’s betting on himself and playing the season. And so far, it couldn’t have gone better for him. He was awesome.

Judge denying the extension put the Yankees in an awkward position where they encourage Judge to perform well, so he helps them win the World Series knowing that the better Judge performs, the more he will cost. In the end, it’s the Yankees and they can pay anything, but nobody likes to see the price go up, and the judge’s price is ascend.

Here are three ways Judge increased his value to the Yankees — and thereby increased his earning potential heading into free agency — early this season.

1. The increased value of power

For several reasons (cushioned baseballs, universal humidifier, etc.), it is more difficult to make circuits than in the past. You wouldn’t know that by looking at Judge, who leads the majors with 17 home runs and has gone deep 16 times in his last 27 games. Overall, however, the league-wide home run rate is down in 2022, as Rob Manfred & Co. predicted.

If home runs are harder to hit, then home runs become much more valuable. The judge’s ability to hit hard in baseball is nearly unmatched in the game today. He’s not a product of the friendly confines of Yankee Stadium — judge’s home runs average 409 feet this year (MLB’s average is 399 feet) — he’s the product of hitting the ever-ball-loving shit.

Here are some contact quality rankings since Opening Day 2021 (min. 400 balls hit):

Notice how multiple Yankees appear on these leaderboards (drop the minimum to 300 batted balls and Joey Gallo would appear there as well)? This is because they rely heavily on output speed and punching ability as an evaluation tool. If Judge was with another team and set to become a free agent this winter, the Yankees would salivate at the thought of signing him.

The judge is not a one trick pony. Since his rookie season, he ranks 17th among all hitters in batting average and fourth in on-base percentage, and third among outfielders in defensive points saved. He is a complete and versatile player. Power, however, is his calling card. Home runs are the best thing a batter can do at bat and hardly anyone in baseball is as good at hitting home runs as Judge is right now.

We have no idea how baseball will play from season to season, and sometimes even month to month. It makes the undeniable power, the power that plays in any park with any type of baseball, that much more valuable, and Judge has it. He’s always had it and he’s shown he can be successful with several different baseballs over the course of his career. This makes him a safe bet for the future. Teams don’t have to worry about a softball sapping their production like they do others.

2. A drop in strikeouts

Judge is a big man with long levers who has always hit and swung and missed a bunch. Strikeouts are the trade-off for power. That said, Judge has reduced his strike and swing strike rates significantly over the past few seasons, so much so that his swing strike rate of 11.1% since Opening Day 2021 is (technically!) lower than the MLB average (11.2%).

Here is the judge’s withdrawal rate over the years. A chart is worth a thousand words:

Aaron Judge has reduced his strikeout rate significantly in recent seasons.

FanGraphs

Never in his career has Judge swung and missed so rarely as he is right now, and when Judge makes contact, good things tend to happen because he hits the ball so incredibly hard. The question was always whether he had made enough contacts for his natural power to allow him to play in matches on a regular basis. He did and he does, now more than ever. There are fewer workable holes in his swing.

Judge’s career story — it dates back to his time at Fresno State and all the way through the minors — is promoted to a new level, goes through a period of adjustment, and then dominates. He struggled a lot on his debut in 2016 before having a historic rookie season in 2017, and now he’s had a long run to continue adapting to the MLB pitch. The result is the lowest strikeout rate of his career.

3. What about injuries?

Judge’s injury history is long and predates his appearance as an MLB star in 2017. It’s easier to list injuries by year:

  • 2016: Missed 24 days with a Triple-A knee sprain and 19 days with an oblique strain after being called up to MLB.
  • 2017: Played through a shoulder problem in the second half and had surgery after the season.
  • 2018: Missed 49 days with a broken wrist after being hit by a pitch.
  • 2019: Missed 61 days with an oblique strain. Also broke a rib while diving for a ball in September, but played it in the playoffs.
  • 2020: Missed 30 days total with calf strains (two stints on disabled list).

It’s a lot of injuries. Judge has played just 242 of a possible 382 regular season games from 2018-2020, or 63%, and he would have missed the start of 2020 with the fractured rib if the season had started on time (Judge doesn’t played in no spring training games before the pandemic shutting down the sport in March).

Two things about this. First, a few of these injuries are from awkward baseball plays. A broken wrist on a one-shot basis? A broken rib diving for a ball? The 2017 shoulder injury was the result of crashing into the wall to get a hold too. It’s the kind of thing that can happen to any player at any time. It happens all the time and not everyone gets hurt, but a lot of players do.

And second, notice how the injury list ends in 2020. Judge stayed healthy and played 148 games in 2021 (he spent 10 days on the COVID list) and he started 39 of the Yankees’ 42 games in 2022. He is in good health and an MVP-caliber performer the last two seasons. These are the most recent and relevant data. A healthy and dominant player.

Additionally, the Yankees have quietly become one of the best in the game at injury prevention. They sent a record 30 different players to the injured list in 2019 (an average of five per month!) and that led to an organizational overhaul in the offseason. Industry guru Eric Cressey was hired to oversee the organization’s health and training staff, and the results are now showing.

The Yankees have placed only two players on the major league disabled list since opening day (not counting the COVID list): fourth outfielder Tim Locastro, who injured his shoulder while sliding second on a stolen base, and setup man Chad Green, who will undergo tommy john surgery. Lower body soft tissue injuries (hamstrings, calves, etc.) that plagued the Yankees prior to 2021 have been significantly reduced.

Judge turned 30 last month and players generally don’t stay healthier in their 30s than in their 20s, but a) training methods are better than they’ve ever been, and b) the Yankees have already told us they’re comfortable signing Judge deep into his 30s with their extension offer. They know Judge’s medicals better than anyone. They’ve weighed the risk and are still willing to pay him big until he’s 37. That says a lot.


So what is Judge worth to the Yankees?

Either way, it’s more than his performance on the pitch. Judge’s value to the Yankees transcends his on-court play as he is their best, most marketable player. He puts cigarette butts in seats, he sells merchandise, he boosts ratings. The Yankees are willing to pay Judge what they are willing to pay him because they expect him to generate oodles of extra revenue. It’s as much a business decision as it is a baseball decision. Lose Judge and that’s a lot of lost revenue.

It’s a two-way street, of course. The Judge makes a lot of money for the Yankees and being a Yankee helps the Judge make a lot of money from endorsements. He has more endorsement deals than any other MLB player. With all due respect to all other teams, being a famous Yankee is better than being famous for anything else. This relationship is mutually beneficial.

There’s also this: Judge has proven he can thrive in New York. Bringing a player into a new environment always comes with some uncertainty, and that uncertainty is amplified in New York because it’s the biggest market in gaming. There’s no mixing in the background and just go about your business. With success and failure in New York comes increased attention, and Judge handled it all as well as anyone. For the Yankees, there is value in that certainty.

The Yankees were willing to pay Judge $30.5 million a year until age 37. They pay Gerrit Cole $36 million until age 38 and it wouldn’t shock me if Judge is looking to become the highest paid player on the team. “Pay me as much and for as long as you pay this guy”, isn’t unreasonable, I don’t think. Especially not given what Judge did last year and what he’s doing this year, and also given his off-court value to the franchise.

There is still a lot – A LOT – of a season left to play and what Judge does in the next five months will play a bigger role in his free agent contract than the past two months. The judge made an absolute bet on himself by refusing this seven-year extension, and so far he is doing everything he can to increase his value. He has done nothing but make more money to date.

The SEC will list the securities eligible for PERA

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The Securities and Exchange Commission (SEC) publishes a list of stocks, bonds, funds and other securities in which Personal Equity and Retirement Account (PERA) funds may be invested.

On May 17, the Commission published for public comment the proposed rules on qualifying and/or qualifying personal capital account and retirement investment products, in accordance with the PERA Act of 2008, and its implementing rules and regulations. .

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Under the proposed rules, securities registered in accordance with the requirements of the Securities Regulation Code and the Investment Companies Act are deemed to be eligible PERA investment products.

These include newly created mutual funds, including any sub-funds of an umbrella fund, and exchange-traded funds whose fund managers have a track record of at least five years and whose names contain the words “Personal Equity and Retirement Account” or “PERA”. ”

It also includes real estate investment fund units; corporate bonds with an investment grade rating issued by an accredited credit rating agency; and equity securities that are part of the Philippine Stock Exchange Index (PSEi).

Government securities, securities issued by the Bangko Sentral ng Pilipinas (BSP) and corporate bonds issued by banks in accordance with the requirements of the BSP will also be considered as eligible PERA investment products.

The SEC may qualify other securities to qualify as PERA investment products if the product is non-speculative, readily tradeable, and has a history of regularly paying income to investors.

A security loses its eligibility as a PERA investment product when the SEC declares it ineligible.

A registered equity security may also lose its eligibility if its registration statement is suspended or revoked, or in the case of a PSEi member security, if it is withdrawn from the PSEi.

In the meantime, corporate bonds issued by banks may be considered ineligible if they are declared in default by a competent authority or person in accordance with applicable laws, rules and contracts, and if their credit rating is downgraded to a non-investable note.

A security that has been deemed eligible by the SEC may also lose its eligibility after it is found to have lost one or all of the characteristics required to be non-speculative, readily tradeable, and provide a regular income payment.

An investment in a security subsequently declared ineligible as a PERA investment product may continue to be permitted to be part of the PERA portfolio, provided that any subsequent investment by a contributor in said security after being declared ineligible will not be eligible. to be part of the PERA portfolio.

The rules will require issuers of securities that have been qualified by the SEC to be eligible PERA investment products to comply with reporting requirements set by the Commission.

Failure to comply with the guidelines and other relevant laws, rules and regulations will result in administrative penalties and other civil and criminal liabilities under applicable laws.

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Baltic Sea Properties AS Completes Acquisition of Grandus Shopping Center in Klaipeda, Lithuania

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Oslo, 23 May 2022. Baltic Sea Properties AS ("BALT" or "the Company", and
together with the Company's subsidiaries, "BSP") refers to the stock exchange
announcement on 1 April 2022 and the update given in the Company's Q1 report
20th May 2022 concerning the letter of intent (LOI) for the acquisition of a
neighborhood shopping centrally located in Lithuania's third largest city,
Klaipeda, of approx. 11,400 square meters, from Baltic Equity Group UAB, etc.

The company's subsidiary UAB "Baltic Sea Properties Holding LT has now signed
and completed the acquisition of 100% of the shares in UAB Prekybos centras
Grandus for an agreed company value of MEUR 11.3. The purchase price of MEUR 6.6
is settled on the basis of the Company's existing and released cash from
refinancing of the Shopping center (MEUR 2.6 with settlement by 27 May 2022) and
by the seller granting a seller credit of MEUR 4.0 (interest 8.0% p.a) to be
settled within 12 months. 

Background for the transaction:
Grandus is a neighborhood shopping center of approx. 11,400 m2 which is located
along one of the main access road to the center of Klaipeda. Additionally, the
center is located in the immediate vicinity of a larger residential area that
ensures good access to visitors every day. The company has an ambitious growth
strategy and the property is thus a good addition to the company's existing
portfolio. The transaction immediately provides a good and secure cash flow and
we look forward to managing and further developing the center in the time ahead.

The main shareholder in Baltic Equity Group UAB is the current chairman of the
board and primary insider in Baltic Sea Properties, James Andrew Clarke. The
transaction is carried out in accordance with the arm's length principle and
valuation have, among other things, been obtained from third-party valuator who
prices the property higher than the transaction value.

For more information, please contact: 

Lars Christian Berger 
CEO 
phone: +47 930 94 319 
[email protected]
 
The information in this announcement is subject to disclosure requirements under
the EU Market Abuse Regulation and Euronext Growth listing rules. 
Baltic Sea Properties AS is a Norwegian real estate company focusing on
development and property management in the Baltics. The company is among the
Baltics' leading real estate investors and developers - owning a portfolio of
logistics, industrial and retail assets. 
Company website: balticsea.no

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

New Pogi’s Pet Supplies Pet Dog Grooming Wipes Amazon Best Seller List 2022

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The grooming wipes are very well received on Amazon. The product currently sits at a very positive 4.6 out of five out of 19 ratings. Nearly 90% of users of the product rated it more than four stars and more than three-quarters rated it five stars.

A five-star product review that 186 Amazon customers found helpful says, “Love these wipes! We have two large rescue dogs, and one has sensitive skin and grass allergies that cause him to constantly chew his paws. He also HATES baths and pretty much refuses to take one, so these things are a miracle. I used about six wipes on him from nose to tail and he seemed to really enjoy the experience. He was visibly cleaner afterwards, with a soft, shiny coat and a MUCH nicer smell! We got the “unscented” variety due to its sensitivity and there were no adverse reactions. The wipes always have a very light scent, something clean and fresh; guessing it comes from aloe, awapuhi, and/or some other ingredient. They also used them to wipe the other dog’s ears and they worked like a charm for that as well. I would definitely recommend them to other pet owners.

Pogi’s Pet Supplies sells a variety of other pet care products in addition to grooming wipes, including compostable dog poop bags and pee pads, all designed with the earth in mind. Readers interested in learning more can visit Pogi’s Amazon store: https://www.globenewswire.com/news-release/2022/05/17/2445347/0/en/Dog-Wipes-By-Pogi-s -On-Amazon-Best-Seller-List-2022-New-Pet-Wipes-Collection-Launched.html

Pet wipes are available in regular packs or travel packs. Regular packs are available in two sizes of 100 and 400 wipes. The travel packs are available in two sizes of 120 and 240 wipes. The company claims that 100 wipes are enough to last an entire month for a pet owner. The pet wipes are also available in two different scents. Unscented wipes are great for pets who are picky about scented products and need something non-intrusive for their strong sense of smell. The other option is green tea scented wipes.

A company spokesperson said: “All products from the Pogi’s Pet Supplies store meet high standards for environmental friendliness and sustainability. We only use the highest quality components when making our products because we understand that our customers only want what’s best and safest for their beloved and adored furry companions. We also want to ensure that the processes we use in making these products are not harmful to the environment and have a net positive impact on the planet. That’s why we’ve sought certifications from the most trusted names in biodegradable standards. When you buy from Pogi’s Pet Supplies, you’re giving your pet and the environment the five-star treatment they deserve.

Pogi’s Pet Supplies, a sustainable and eco-friendly pet products company, manufactures and sells a line of pet grooming wipes that are proving extremely popular with dog and cat owners who purchase eco-friendly pet wipes company on Amazon. Readers can view the Amazon listing of Pogi Grooming Wipes by visiting the link: https://www.globenewswire.com/news-release/2022/05/17/2445347/0/en/Dog-Wipes-By -Pogi-s-On-Amazon-Best-Seller-List-2022-New-Pet-Wipes-Collection-Launched.html

As previously announced, the wipes are hypoallergenic, vegan, and cruelty-free. They do not cause allergies or irritation in pets as they are completely free of parabens, alcohol and harsh chemicals. Wipes are manufactured in a Nordic Swan, ISO 9001, GMPC, BRC, GMP and EPA certified facility to ensure the highest quality standards are maintained. Pet wipes use conditioning ingredients such as aloe vera, vitamin E and Hawaiian awapuhi to give them the ability to clean, refresh and condition while giving pet’s coat a healthy shine . The wipes are particularly effective in removing dirt and odor from paws, body and buttocks between baths.

Contact information:
Name: Dar Ghafourpour
Email: Send Email
Organization: Pogi’s Pet Supplies
Address: E1, 14th Floor, Block E, Tsing Yi Industrial Center Phase 2 1-33 Cheung Tat Road, Tsing Yi, Hong Kong, HK, Hong Kong
Website: https://pogis.com/

Build ID: 89075501

If you detect any problems, problems or errors in the content of this press release, please contact [email protected] to let us know. We will respond and rectify the situation within the next 8 hours.

countex tracking

COMTEX_407586471/2773/2022-05-22T08:12:57

‘Highly sensitive’ rift between US and China poses challenge to Hong Kong stock exchange chief

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Next week, at the first in-person World Economic Forum in two years, Nicolas Aguzin will try to persuade leaders and officials that China is open for business.

The chief executive of the Hong Kong stock exchange – a former JPMorgan banker and its first non-Chinese boss – was appointed a year ago to accelerate the integration of the Chinese economy into international finance.

“The main goal of everything we try to do is to make sure that we continue to connect China and the world,” Aguzin told the Financial Times. “I’m not saying it’s an easy program, [but] that’s what we have to do.

But since he took office, the decoupling between China and the United States has intensified. Growth in China is being strangled by lockdowns to reach ‘zero-Covid’ as Beijing pursues a regulatory crackdown that has wiped trillions of dollars from companies’ market value and led to a global pullback from Chinese stocks.

“He is a victim of circumstances,” said a person close to HKEX’s board. “The charitable way to interpret it is to say that he was prevented from starting – another way of saying that he did not accomplish much.”

The plan to strengthen HKEX’s role as a bridge between East and West has been “rejected at this time due to the US’s tough stance on China”, the person added.

After being cut off from the international financial community since early 2020 – Hong Kong only lifted restrictions on non-residents entering the city in May – Aguzin will lead the HKEX delegation to Davos alongside Laura Cha, her president and a seasoned businesswoman from Hong Kong.

For Aguzin, who does not speak Mandarin, maintaining good relations with Beijing means relying on HKEX Chairman Cha, who was Beijing’s deputy finance minister in the early 2000s.

“HKEX is a very political place,” said a senior financier in Hong Kong who knows both Aguzin and Cha. “I don’t know if anyone is going to do this job well, there are a lot of people you have to keep happy.

The trip to Davos comes after Aguzin made his first visit to mainland China as managing director of HKEX in March. He has been called to Beijing as President Xi Jinping’s government prepares to further open up China’s capital markets and strives to invest up to $50 billion in household assets outside its borders. .

Aguzin, an Argentinian who goes by his childhood nickname “Gucho”, said Beijing officials expressed “significant interest in ensuring Hong Kong is plugged into the international market” during his visit.

That means preserving ties between the world’s two largest economies, Aguzin said. “All we’re doing today is trying to avoid these forces that we see. . . technological decoupling and trade also come to a halt. No interactions [between China and the west] can’t be good for anyone.

Rising tensions between China and the United States, compounded by war in Ukraine and the threat of sanctions, have strained Hong Kong’s role as a financial intermediary between the two superpowers.

“The geopolitical environment is very sensitive right now,” Aguzin said. “The combination of geopolitics [and] the pandemic made the bridge a bit more difficult.

HKEX reported its worst quarterly profit in two years in March. Hong Kong’s total equity fundraising in the first quarter fell 90% from a year ago to the lowest level since the global financial crisis, while the market value of HKEX fell by about a quarter – or about $19 billion – since Agugin took over last May.

Critics say HKEX has become too reliant on Chinese capital, with Chinese companies accounting for nearly 80% of Hong Kong’s HK$37.6 billion ($4.8 billion) stock market.

“They should have done a lot more over the past 30 years to promote Hong Kong as an Asian financial hub and not just a mainland Chinese financial hub,” said David Webb, a former board member of HKEX.

But, he added, “it’s never too late, and they seem to realize they’re overexposed to an economy.”

Line chart of average daily stock turnover ($ billions) showing China's sour sentiment weighing on trading activity

Diversification attempts included a failed bid to buy the London Stock Exchange in 2019 under Aguzin’s predecessor, Charles Li.

This year Aguzin secured the IPO of yacht builder Ferretti, the first Hong Kong listing by an Italian company in more than a decade, despite raising just $243 million and its shares are trading below their listing price.

In the past, the focus on China was not such a problem. “I never lose sleep if we don’t have a lot of international listings,” said a former HKEX executive.

“As long as Chinese companies come here because of international capital, and international capital comes here because of Chinese listings, it’s the perfect match.”

This model is being tested by deteriorating US-China relations and Beijing’s regulatory onslaught. A push by Aguzin to internationalize HKEX through a foreign acquisition would likely be complicated by the risk of U.S. sanctions for any target company, according to people familiar with the exchange.

The governance of HKEX, which includes several political appointees from the Hong Kong government, has hampered overseas expansion talks in the past, according to one of the people.

“I won’t turn a blind eye to any international opportunity,” Aguzin said, “but I also recognize that it’s really hard to do.”

Hong Kong has not benefited from an expected boom in transactions redirected from the United States after Beijing launched a cybersecurity probe into ride-hailing app Didi Chuxing shortly after its IPO in New York. A year later, it is unclear whether Beijing will greenlight Hong Kong listings of Didi or other companies with sensitive data.

Sales of ‘Homecoming’ shares of Chinese companies on Wall Street have slowed in Hong Kong even as the US warned it would delist 270 Chinese companies by 2024 due to access to information financial audit.

The sourness of the market vis-à-vis China has led to a “traffic jam”, according to the second executive close to the exchange. About 150 companies – all but four from Greater China – have been given the green light by HKEX but have not yet listed their shares, according to Dealogic data.

“If you’re trying to project what’s going to happen in the next three or four months or even next year, it’s going to be very, very difficult,” Aguzin said, citing “soft” valuations for tech stocks and the slowdown. IPOs. “But if you look at the next five or 10 years, the opportunities are enormous.”

A photo of statues at the Hong Kong Stock Exchange
HKEX reported its worst quarterly profit in two years in March © Dale De La Rey/AFP/Getty Images

Seizing the opportunity requires reform, Aguzin said. HKEX has been criticized for its notoriously high barriers to entry, such as minimum profit requirements, which make its listings more costly and time-consuming compared to New York or London.

In January, HKEX changed rules to make it easier for overseas-listed Chinese companies to make secondary stock sales and opened the exchange to Spacs. However, the reforms were “cautious”, according to a person on one of HKEX’s advisory boards, noting that Spac listings in Hong Kong were much more expensive than rival exchanges.

Aguzin is also facing pressure in the UK where the Financial Conduct Authority is investigating a fiasco at the London Metal Exchange – which is 100% owned by HKEX – which suspended the world’s main nickel market for days.

It’s another headache for Aguzin as he heads to Davos to salvage a tough year in charge of the Hong Kong exchange, but he’s clear on his mission.

“What I want to make sure is that we can just maintain that connectivity,” he said. “I’m not looking for the Gucho statue.”

Additional reporting by Stephen Morris in London

Best Ways to Overcome Post-Anime Depression

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Every once in a while, anime viewers and otakus will come across a show that resonates with them. Whether it’s the story, the characters, the subject or whatever, they are simply hooked. Being in love and feeling connected to a show doesn’t happen often and it’s moments like these that should be celebrated and savored. However, like everything there, everything must come to an end. Once this final episode is over, viewers may find themselves contemplating the dreaded existential question of “what’s next?” “.

RELATED: Best Anime With Superpowered Main Characters

Next is Post-Anime Depression Syndrome (PADS). Although it may not affect all viewers, anime fans can relate to the PADS experience after completing an anime. According to Urban Dictionary, PADS translates to feeling depressed after finishing an anime series. Common symptoms can include deep sadness or emptiness, lack of motivation to do anything, and not knowing what to do next.

The causes, on the other hand, can be due to feeling a strong attachment to the anime’s characters and plot or a lackluster ending. Although there may be a great heaviness felt by the viewer, there are several ways to overcome and recover from PADS.

GAMER VIDEO OF THE DAY

5 Investigate the series further

When the series ends, viewers can search the anime to identify direct sequels or spinoffs. Although the odds are slim, viewers may be surprised that it happens sometimes. Alternatively, viewers can try to read manga from the same series. As the two mediums may differ slightly or significantly depending on the series, viewers may discover more characterizations or even story arcs that differ from the anime simply by viewing the manga.

RELATED: Best Sites to Read Manga Online (And What You Can Read)

There are also online forums that can discuss the series and allow other anime fans to bond around their love for the series. Sometimes solace is best found in the comfort of an anime community. Additionally, viewers can search for the creator or animation studio and find out what other works they have done. While not the same, viewers can find and switch to an alternative show to ease the pain of their PADS.


4 write about it

Another helpful way to get out of PADS is to write down thoughts and feelings on a piece of paper (for some this may mean typing it out). It not only clarifies thoughts, but allows for private self-expression and helps viewers “express” their emotions.

This can include jotting down emotions, writing down what made the anime amazing, listing quotes from favorite characters, imagining fanfiction, and writing a letter to the show’s creators to thank them. Depending on the viewer, some ideas will work better than others. Alternatively, viewers can also read what others have said about the anime online, as others may be able to express their words more succinctly than the viewer (or if they’re just too lazy to write).


3 ‘Play it’

This point covers several areas. “Playing” the anime can apply to viewers listening to the soundtrack. As the music and sound may sometimes not be the primary focus of the viewer while watching anime, viewers can now enjoy the OSTs, themes, and ambient sounds that have been featured. For viewers who are also musicians, they can attempt to recreate the sounds with a particular instrument or sing along to the soundtrack.

RELATED: The Best Anime Based On Fighting Games

Some anime series may be based on video games or have video games associated with the franchise. Examples include dating sims (like Clannad) or popular shows like naruto which spawned several games.


2 Create a mood board or database

Some viewers described collecting and uploading photos from the web via Google, Tumblr, Twitter, Deviantart, etc. may reduce the effect of PADS. For various reasons, this method can surprisingly work as viewers who love this method share that anime and series items are stored safely in their phones or computers.

Alternatively, hardcore fans can search for merchandise from the anime and see if it fans the flames of their pain. However, getting too addicted to anime merchandise can be a slippery slope to a cycle of paying for overpriced products, so be careful.


1 Rewatch the show

If nothing seems to work, viewers can rewatch the anime based on available time and series length like something like naruto could take a significant amount of energy and time. The benefit of this is that the viewers may have missed some nuances of the series and its characters and by re-watching the anime they can get a deeper understanding and appreciation of the series.

PADS can also decrease throughout viewing, as time heals everything (well, most). It is even possible that viewers have spent so much time watching the show that they decide to take a break or even get bored of the series.

MORE: Best Anime That Deals With Time Travel


Characteristic image showing Deleted, Your name and Steins;  Spoiled

10 Best Anime That Deal With Time Travel

Read more


Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

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NEW YORK, May 20, 2022 /PRNewswire/ — ideonomic (NASDAQ: IDEX) (“Ideanomics” or the “Company”) today announced that the May 17, 2022 the Company has received a notice (the “10-Q Notice”) from the staff of the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Form 10-Q for the period ended March 31, 2022 (the “Form 10-Q”) and because the Company remains late in filing its Form 10-K for the period ended December 31, 2021 (the “Form 10-K” and, together with the Form 10-Q, the “Deferred Reports”), the Company is no longer in compliance with the Nasdaq Listing Rules for continued listing.

The company is working diligently and plans to file deferred reports as soon as possible and has recently submitted a compliance plan to staff to demonstrate compliance with Nasdaq listing rule 5250(c)(1) (the “requirement of filing”) and requested that The Nasdaq exercise its discretion and grant the Company an extension, so that the Company can demonstrate compliance with the filing requirement and all other applicable criteria for continued listing on the Nasdaq. On or about May 17, 2022, the Nasdaq granted the Company’s extension request, subject to certain conditions.

About Ideonomics

Ideanomics (NASDAQ:IDEX) is a global company with a simple mission: to accelerate the commercial adoption of electric vehicles. By linking vehicles and charging technology with design, implementation and financial services, we provide the end-to-end solutions needed to engage the commercial world in an EV future. To keep up to date with Ideanomics, please follow the company on social media @ideanomicshq or visithttps://ideanomics.com.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical facts included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties, and include the statement regarding the completion of the combination companies in a certain period of time, if ever. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and such expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to a variety of risks and uncertainties, such as risks relating to: our ability to obtain necessary regulatory approvals and other risks and uncertainties disclosed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission, and similar information in subsequent reports filed with the SEC, available on the SEC’s website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements.

Investor relations and media contact
Ideanomics, Inc.
Tony SklerSenior Vice President of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018.
E-mail: [email protected]

SOURCE Ideonomy

Lundbeck publishes listing document relating to new shareholding structure

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Valby, Denmark, May 20, 2022H.Lundbeck A/S (Lundbeck) today announced the publication of a listing document. The registration document is required for the purposes of the proposed new share structure, whereby each of the existing shares of Lundbeck, subject to the approval of the general meeting, will be divided into one (1) A share comprising ten votes and four (4) B Shares each carrying one vote. The Listing Document has been approved by the Danish Financial Supervisory Authority.

The Listing Document and the documents incorporated by reference are posted on Lundbeck’s webpage (https://www.lundbeck.com/global/investors/the-share/new-share-structure).

The dual-share structure – including an expected timetable – is described in more detail in the Listing Document and in the notice convening the extraordinary general meeting to be held. June 8, 2022, 9:30 a.m. (CET)published on May 16, 2022 (see company press release no. 721).

Contact Lundbeck

Investors: Media:
Palle Holm Olesen Thomas Mikkel Mortensen
Vice President, Investor Relations Media Relations Manager Corp. Communication
[email protected] [email protected]
+45 30 83 24 26 +45 30 83 30 24

IMPORTANT INFORMATION

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES STATES, Canada, Australia, Japan, India, hong kongSingapore OR South Africa or TO ANY PERSON IN ANY JURISDICTION WHERE RELEASE, PUBLICATION OR DISTRIBUTION TO SUCH PERSON IS RESTRICTED BY ANY APPLICABLE LAW OR REGULATION IN SUCH JURISDICTION.

THIS PRESS RELEASE IS NOT AN OFFER TO SELL OR AN INVITATION TO PURCHASE OR SUBSCRIBE, OR A SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE, FOR SECURITIES.

THE REGISTRATION DOCUMENT HAS BEEN DRAWN UP SOLELY TO COMPLY WITH LUNDBECK’S OBLIGATIONS UNDER APPLICABLE DANISH SECURITIES LAW AND REGULATIONS TO EFFECT THE SPLIT OF THE SHARES. THE OFFERING DOCUMENT CANNOT BE REFERRED TO FOR ANY PURPOSES OTHER THAN THE SPLITTING OF SHARES.

On H.Lundbeck A/S

Lundbeck is a global pharmaceutical company specializing in brain diseases. For more than 70 years, we have been at the forefront of neuroscience research. We are relentlessly dedicated to restoring brain health, so that everyone can perform at their best. We are committed to fighting stigma and discrimination against people with brain conditions and advocating for wider social acceptance of people with brain conditions. Our research programs tackle some of the most complex challenges in neuroscience, and our pipeline focuses on developing transformative treatments for brain diseases for which there are few or no treatment options.

For more information, we encourage you to visit our corporate site www.lundbeck.com and connect with us on Instagram (h_lundbeck), Twitter at @Lundbeck and via LinkedIn.

Third Party Information, Legends, and Safe Harbor/Forward-Looking Statements

This corporate statement may include third-party statements or references to third-party information. To the extent that information from third parties arises directly from this document, the company can confirm that the information has been faithfully reproduced, but the company can give no assurance as to the accuracy of the information or the forward-looking statements contained in these statements. coming. in existence. To the extent that the company makes reference to third party information, including a reference to the Lundbeck Foundation web page, such information should not be considered part of this corporate statement and the company assumes no responsibility for the accuracy of such information.

None of the securities referred to herein have been or will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of a state or other jurisdiction in United States, and may not be offered, pledged, sold, delivered or otherwise transferred, directly or indirectly, except under an exemption or in a transaction not subject to the registration requirements of the Securities Act securities and in accordance with other applicable securities laws. There will be no public offering of any of the securities of United States.

This corporate news release contains forward-looking statements that provide our expectations or forecasts of future events such as new product introductions, product approvals and financial performance. Forward-looking statements include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe”, “anticipate”, “expect to”, “estimate”, “intend”, “plan”, “project”, “will”, “continue”, “result”, “could”, “may”, “might”, or any variation of these words or other words with similar meanings. All statements other than statements of historical fact included in this presentation, including, without limitation, those regarding our financial condition, business strategy, management plans and objectives for future operations (including plans for development and objectives relating to our products), are forward-looking statements.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could affect future results include, but are not limited to, interest rate and currency exchange rate fluctuations, delay or failure of development projects, production or distribution problems, breaches of contract or unexpected terminations, government-mandated or market-driven price reductions for Lundbeck’s products, introduction of competing products, Lundbeck’s ability to successfully market new and existing products, exposure to product liability and other lawsuits, changes in reimbursement rules and governmental laws and related interpretation, and unexpected growth in costs and expenses.

Forward-looking statements contained in this document and oral presentations made on behalf of Lundbeck speak only as of the date of this presentation. Lundbeck undertakes no obligation to update or revise any forward-looking statements in this presentation or oral presentations made on behalf of Lundbeck, or to confirm such statements to reflect subsequent events or circumstances after the date of the presentation or in relationship to actual results, unless otherwise required by applicable law or stock exchange regulations.

H.Lundbeck A/S

Ottiliavej 9, 2500 Valby, Denmark

+45 3630 1311

[email protected]

https://news.cision.com/h–lundbeck-as/r/lundbeck-publishes-listing-document-relating-to-the-new-share-structure,c3571387

https://mb.cision.com/Main/18215/3571387/1582566.pdf

(c) Decision 2022. All rights reserved., sources Press Releases – English

Yum Brands and Darden top list of best restaurant stocks in Cowen

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Ethan Miller/Getty ImagesNews

Cowen upgraded its list of most compelling picks in the restaurant sector as headwinds from inflation disrupted near-term earnings visibility. Analyst Andrew Charles said the company is looking for stories with upside same-store sales and/or development.

That led to Yum Brands (NYSE: YUM) being selected as the industry’s top pick with a development update later this year seen as a catalyst. Darden Restaurants (DRI) ranked second on the condemnation list with a potential update to 2023 earnings guidance later this year seen as a catalyst.

On YUM: “Yum stocks have broad investor appeal, offering a diversified stream of franchise income from a 98% franchised business model across 290 brand/country combinations. We like this investment profile in a challenging inflationary backdrop (40% of YUM sales) with limited visibility in relief.Additionally, we believe YUM represents a COVID-19 reopening game in emerging markets, which have arguably been hit harder by the pandemic than the developed world.

On DRI: “In short, we argue that the consensus underestimates the rigidity of the ToGo business, particularly at Olive Garden, which we expect to drive up same-store sales and the unit economy of ‘Olive Garden in 2023 to capitalize on industry inflationary pressures.’

Sweetgreen (SG), Chipotle (CMG) and McDonald’s (MCD) complete the list of top five restaurants in Cowen. Starbucks (SBUX) and Dutch Bros. (BROS) were dropped from the top five to drop further down the list.

Compare Seeking Alpha Quant Ratings in the restaurant industry.

Industrial Nanotech Inc. realizes Stellar

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  • Revenue of $3M
  • Revenue growth of 678% T/T
  • Net profit of $1.6 million
  • 60% gross profit margin

BROOMFIELD, Colo., May 17, 2022 (GLOBE NEWSWIRE) — through InvestorWire – Industrial Nanotech, Inc. (Pink leaves: INTK). Despite strong economic headwinds, global nanoscience solutions and research leader Industrial Nanotech, Inc. reported outstanding financial results for the first quarter ended March 31, 2022. The company posted record revenue of $3 million for the March quarter, up 678% from the prior quarter (December 31, 2021) of $385,793; the most positive result ever recorded in the company’s history.

Stuart Burchill, CEO of Industrial Nanotech, said, “We delivered an outstanding performance in the first quarter with record revenue profitability, driven by strong demand and excellent execution at all levels of the business. Revenue of $3 million was a remarkable achievement for the company, supported by strong sales trends and customer demand throughout the period. This is an important milestone for us as we move towards our sustainability goal of becoming carbon neutral in our supply chain and all of our products by 2030.”

Despite the current economic climate, Industrial Nanotech, Inc. continues to show strong financial performance, in part due to its unique business model and products. The key distinguishing attributes of this model, which include innovation, creating new technologies, launching new brands and products, and engaging with customers and shareholders, will only grow stronger as time goes on. time as the company grows and produces more products and solutions.

“The results for this quarter demonstrate Industrial Nanotech’s ability to create the best products and solutions for our customers, as well as our focus on innovation. We are pleased to see strong customer demand for our products and solutions,” added Burchill.

First Quarter Financial Highlights

Net income increased to $1.6 million from a net loss of $297,181 in the fourth quarter of fiscal 2021.
· Gross profit increased to $1.8 million from $189,516 in the fourth quarter of fiscal 2021. Gross profit margin was 60% of net revenue.
· Operating expenses of $195,350 million were recorded compared to $474,681 in the fourth quarter of fiscal 2021.
$3.2 million in accounts receivable was recorded, compared to $269,542 as of December 31, 2021.
· An increase in equity of $865,061 (compared to $799,565 for the fourth quarter of 2022).

Focus on a growing revenue stream

The company expects total revenue for the second quarter of fiscal 2022 to exceed $6 million, representing 100% growth.

Mr. Burchill added: “As we move forward, we are raising our expectations for higher revenues and profits. Our objective and our strategy are clear. We are extremely forward-looking to double our revenues in the second quarter of fiscal 2022 and repeat this pattern in the third and fourth quarters of 2022. We will focus on growth by investing in R&D and advanced technologies, by hiring experienced and skilled talent, creating opportunities for our employees to learn and develop, and strengthening our supply chain and operational efficiency. With the right business strategy, experienced people and an innovative business platform, we continue to build on our success and deliver long-term sustainable and profitable growth. I am proud of our enthusiastic and motivated team – we are looking forward and excited for a successful 2022 financial year. »

Additionally, a share buyback will take place beginning June 1, 2022. The company has a pink stream listing and intends to list on a senior exchange in 2023.

AAbout Industrial Nanotech, Inc.

Industrial Nanotech, Inc. is a global leader in the development of nanoscience solutions and products. To see www.industrial-nanotech.com and the Company’s subsidiary at www.syneffex.com for more information.

Safe Harbor Statement

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions and the ability to attract and retain qualified personnel. The Company undertakes no obligation to revise/update any forward-looking statements to reflect events or circumstances that may occur after the date of this release.

Contact us:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]


List of Lic shares below ₹900 vs issue price ₹949

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As expected, shares of Life Insurance Corporation of India (LIC) got off to a lackluster market start on Tuesday with the shares trading at 872 each on the NSE, a discount of around 8% to its IPO issue price of 949 per share. On the BSE, LIC shares started trading at 867.

“The company’s low rating can be attributed to high market volatility and negative market sentiment. LIC enjoys many competitive advantages and the company’s issuance has been valued at a Price to Embedded value of 1.1x, providing valuation comfort, so we suggest investors stick with the company for the long term despite the listing. negative,” said Parth Nyati, Founder. , Tradingo.

Nyati recommended those who requested sign-up gains to maintain a stop loss of 800 while new investors can take advantage of declines to accumulate this share for the long term. “We would like to add that the further downside of the business will be limited due to the low quotation of the floating positions,” she added.

The insurance giant’s initial public offering (IPO) closed on May 9, 2022, and shares were allotted to bidders on May 12. The government sold over 22.13 crores of shares or a 3.5% stake in LIC in the initial sale of the shares.

The price range for the IPO of LIC has been set between 902 and 949 per share. However, the shares were allocated to investors on May 12 at the upper end of the price range. LIC offered a rebate to employees and retail investors of 45 per share, while policyholders benefited from a discount of 60.

LIC’s IPO, India’s largest to date, closed with almost 3x subscription, mostly favored by retail and institutional buyers, but participation from foreign investors remained subdued .

The state-run insurance giant last month cut the size of its earlier IPO by 5% due to unstable market conditions. Proceeds from the issuance of the LIC represent approximately one-third of the Divestment target of 65,000 crores set by the government for the current financial year.

The government had planned to list LIC in March this year, but had to postpone it because market conditions were not favorable following the conflict in Ukraine.

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ENTERA BIO LTD. : Change of Directors or Principal Officers, Financial Statements and Exhibits (Form 8-K)

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Article 5.02 Departure of directors or certain officers; Election of directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.


On May 11, 2022the Board of Directors (the “Board”) of Entera Bio Ltd.a company organized according to the laws of the state of israel (the “Company”), appointed Ms. Miranda J. Toledanoone of the current directors of the Company, to serve as chief commercial officer, chief financial officer and director of corporate strategy of the Company, effective from May 16, 2022 (the “Effective Date”). In connection with by Mrs. Toledano appointment, the board determined that Ms Toledano will act as the Company’s Chief Financial Officer from the Effective Date. Dana Yaacov-Garbeli, the company Israel-based Chief Financial Officer, will remain in his current role, including as the Company’s principal accountant; however, from the Effective Date, Ms. Yaacov-Garbeli will no longer be the chief financial officer of the Company given by Mrs. Toledano appointment.

In connection with by Mrs. Toledano appointment as an officer of the Company, the Board has determined that Ms Toledano no longer meets the independence standards set out in the listing rules of the Nasdaq Stock Exchange. Accordingly, from the date of entry into force, Ms Toledano is no longer a member of the remuneration committee or the audit committee of the Company. The Board intends to fill the resulting vacancies on both committees with one or more current independent Board members.

Ms Toledano45 years old, has been a member of our Board for
September 2018. Ms Toledano has over 20 years of C-level strategic leadership, senior investment and Wall Street and capital market experience in the biotechnology sector. Since its inception in 2018, she has served as COO, CFO and Director of TRIGR Therapeutics, an oncology-focused clinical-stage bispecific antibody company acquired by Compass Therapeutics (Nasdaq: CMPX) in June 2021. Previously, Ms Toledano served for a short time on the leadership team of Sorrento Therapeutics (Nasdaq: SRNE) as Executive Vice President of Strategy/Corporate Development, where she helped lead the hematology business /oncology (IO mAbs, ADC), cell therapy (CD-38 CAR-T, oncolytic virus) and pain franchises. From 2012 to 2016, Ms Toledano served as Head of Healthcare Investment Banking at MLV & Co. (acquired by B. Riley FBR & Co.), where she has completed biotechnology equity financings (IPO, ATM, follow-up) totaling more than $4 billion in aggregate value. From 2004 to 2010, Ms Toledano was vice president of the investment group at Royalty Pharma (Nasdaq: RPRX), where she focused on investments in oncology/hematology and autoimmune monoclonal antibodies. Ms Toledano is currently a member of our board of directors as well as a member of the board of directors of Compass Therapeutics (Nasdaq: CMPX), Journey Medical (Nasdaq: DERM) and NEXGEL (Nasdaq: NXGL). From 1998 to 2003, Ms Toledano led the Life Sciences Corporate Finance group at Ernst & Young (Israel). Ms Toledano holds a BA in Economics Tufts University and an MBA in finance and entrepreneurship from the NYU Stern School of Business.

In connection with by Mrs. Toledano appointment, Ms Toledano has entered into an employment contract (the “Employment Contract”) with the Company, providing for an annual cost to the employer of $350,000 including base salary, pension payments, severance pay and disability benefits, as required by Israeli law. Besides, Ms Toledano is entitled to an option grant under the Company’s 2018 stock incentive plan to purchase 500,000 common shares of the Company, par value 0.0000769 NIS per share, at an exercise price of $2.02 per share, the closing price of the ordinary shares on the date of approval of the option by the Board. The options will vest over four years, with 25% of the options vesting on May 16, 2023 and the remaining 75% will vest in quarterly installments over the remaining three-year period, subject to by Mrs. Toledano continuous employment. Besides, Ms Toledano will be eligible to receive an annual bonus equal to 50% of his annual base salary. As part of the employment contract, Ms Toledano has also agreed to customary non-disclosure and non-competition clauses, and either party may terminate the employment contract upon at least one month’s written notice. In the event by Mrs. Toledano employment is terminated by the Company for any reason other than cause (as defined in the employment contract), Ms Toledano would be entitled to receive a one-time severance package in the aggregate amount of 3 months’ salary, subject to execution of a customary separation agreement.

by Mrs. Toledano the compensation terms, as described above, are subject to the approval of the shareholders of the Company under applicable Israeli law, which the Company expects to seek at its next annual meeting of shareholders.

The foregoing description of the employment contract is a summary only and is qualified in its entirety by reference to the full text of the employment contract, a copy of which is filed as Exhibit 10.1 to this Report on Form 8-K and incorporated by reference. in this article 5.02.

Other than as described in this current report on Form 8-K, there is no understanding or agreement between Ms Toledano and any other person under whom Ms Toledano was chosen as an officer of the Company. Since the beginning of the Company’s last financial year, the Company has not entered into any transaction, or any currently proposed transaction, in which Ms Toledano had or will have a direct or indirect material interest in which the amount at stake exceeded or would exceed $120,000.

Mr. Ramesh Ratanthe anterior of the Company WE-based to the Chief Financial Officer, no longer holds a position within the Company. The Board thanks him for his contribution to the Company.

————————————————– ——————————

Item 9.01 Financial statements and supporting documents.

(d) Exhibits.

Exhibit
Number      Description
              Employment Agreement, effective as of May 16, 2022 by and between
  10.1*     Entera Bio Ltd. and Miranda J. Toledano
            Cover Page Interactive Data File (embedded within the Inline XBRL
104         document)


*     Management contract or compensation plan or arrangement.

————————————————– ——————————

© Edgar Online, source Previews

How to Avoid “Rug Pulling,” the Latest Cryptocurrency Scam

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A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug draw”.

The scam, which takes its name from the phrase “pulling the rug”, involves a developer attracting investors to a new cryptocurrency project and then pulling out before the project is built, leaving investors with a worthless currency. It’s part of a long history of investment plans.

“It’s not just a crypto phenomenon. It’s a human phenomenon. Crypto is just the latest way to do that,” says Adam Blumberg, a Houston-based certified financial planner specializing in digital assets. But cryptocurrencies pose particular risks due to loose fundraising regulations and an emphasis on decentralization.

Cryptocurrency projects often use “smart contracts”, agreements governed by computer software, not the legal system. This setup can be an advantage when it lowers transaction costs, but it also leaves little recourse if things don’t work out.

Carpet pulls have been particularly common in decentralized finance, or DeFi, projects that aim to disrupt services such as banking and insurance. NFTs, or non-fungible tokens, which provide digital ownership of art and other content, have also been implicated in rug draws.

Investors can protect themselves by choosing established cryptocurrency projects, ensuring that the code for any new projects has been reviewed, and verifying the identity of developers.

Choose established products. All-in pullbacks are most common with new projects that haven’t been given the same scrutiny as more established cryptocurrencies.

Bitcoin has its risks, but countless people around the world have used it and examined its inner workings, which are readily available online.

Newer projects don’t have such a track record, which means there may be vulnerabilities that allow their organizers to siphon value from investors and keep it for themselves.

If you’re struggling to break through the hype, one way to find established projects is to look at centralized exchanges such as Binance, Coinbase, and FTX. Although the presence of a cryptocurrency on a major exchange is in no way a guarantee of its quality or investment potential, these companies will often review assets before listing them for sale.

The trade-off of investing primarily in more established assets: While cryptocurrency, in general, has seen periods of rapid price appreciation, the highest rewards can come from new ventures where the risk is also higher . These are often listed on “decentralized exchanges”, which do not rely on any centralized authority that would prevent untested projects from participating.

Rex Hygate, founder of DeFiSafety, a company that reviews on-the-ground projects, says scammers can tackle the fear of missing out that’s generated by rare but true stories of stunning returns.

“It’s alluring. People have made a lot of money. It’s a fact,” Hygate says. “The hope is real, albeit small, (and) so organized and regular criminal organizations do these raffles.”

Know the code. The fate of any investment in cryptocurrency or blockchain projects rests on the integrity of the project’s computer code. You may not be a computer programmer, but you should at least understand how a product works before investing in it.

One way to assess a potential investment without going under the hood yourself is to see if it has been audited by a respected professional body in the industry. Projects that have received high ratings from auditors will often promote the results themselves.

Research people. Some of the biggest red flags in the cryptocurrency world come down to human factors.

While it’s not uncommon for people to use pseudonyms in cryptocurrency, reputable developers often have websites and references that can establish their credentials.

But even if you do your homework, there is no guarantee of success. For example, the founder of Rugdoc.io, a service that reviews new projects, says she ended up getting scammed over an NFT that was supposed to be a ticket to an event.

Diversification is as important in cryptocurrency as anywhere else in finance. Projects can fail due to technical issues or business blunders, even without malicious intent.

“Assume that everything you invest in is going to have a problem,” says Leah, the founder of Rugdoc.io, who asked that her full name not be used to protect her identity from scammers looking for retaliation. “If you plan for failure, if it doesn’t fail, you’re going to have a great day. And if it fails, you’re probably not going to be broke.”

Bull Vs Bear: Top 5 Triggers That May Dictate The Stock Market This Week

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Bull versus bearish: Due to weak global signals, the bear continued to hold its grip on Dalal Street, dragging the Nifty 50 index back below 16,000 levels. Bears had a complete grip on the Indian stock market throughout the week as minor pullbacks were sold out within minutes and Nifty lost nearly 4% over the week and ended below 15 800 levels. Interestingly, in this weak market, most positions built by FIIs are short and their “Long Short Ratio” in the index futures segment is at an all-time low not seen in a while. time. Sector indices have yet to show signs of reversal or bottoming.

Advising investors to avoid any kind of rush and conclude on the bottom of the market, Ruchit Jain, Lead Research at 5paisa.com, said: “Sector indices have not yet shown any signs of reversal or bottom. . The banking index showed some relative strength. at the beginning of the week but finally it resumed the downward trend on the weekly expiry day and the day after tomorrow. Thus, there too the trend remains negative and as there is no divergence seen yet, you should not be in a hurry to fish background. “

Speaking on the main triggers that could dictate the stock market next week, Anuj Gupta, Vice President – Research at IIFL Securities, said: “The week ending Friday was the worst in two years. The dollar index hit a 20-year high and crashing as commodity prices were a major reason for the stock market crash this week.These two are expected to continue to dictate global markets, including Dalal Street next week as well.One should also keep an eye on the company’s upcoming results.

Here we list the top 5 triggers that could dictate the stock market next week:

1]Dollar index: The dollar index’s impressive surge continued this month and the index hit its highest level in 230 years this week. Thus, investors extract money from stocks and other investment instruments and pump money into US dollars. Thus, the movement of the index will be crucial in the immediate future and hence investors and traders are advised to keep a close eye on the dollar index.

2]Commodity price crash: “Commodity prices suddenly crashed last week, sending metal stocks tumbling. Stocks like SAIL, VEDL and HINDALCO were the worst performing stocks in the previous week. The direction of commodity prices and the continued volatility will decide the fate of the metals and related sectors,” said Sonam Srivastava, founder of Wright Research.

3]Rupee against dollar: “Last week, the Indian National Rupee (INR) fell to a record low, triggering further selling by FIIs. Rupee-Dollar spreads are an important factor that could dictate the stock market on the week.” said Anuj Gupta of IIFL Security.

4]US Retail Sales Data: This will directly affect the US dollar and any decline in the dollar could trigger dollar profits. Thus, US retail sales data is an important factor that could impact the stock market next week.

5]Q4 results: “We are in the middle of the earnings season. Many companies including IOC, DLF, ITC, Lupin, etc. will release earnings next week, which could decide the fate of many sectors,” said Sonam Srivastava of WrightResearch.

Warning: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

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EFG-Hermes Holding and Amazon sign investment agreement

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valU Consumer Finance (valU), a wholly owned subsidiary of EFG Hermes Holding, has entered into an agreement with Amazon for the provision of consumer finance by valU as a payment method on amazon.eg (Commercial Agreement).

valU will make some of its consumer finance products available to eligible customers on amazon.eg, offering those customers the ability to split the total cost of purchases into multiple payments using valU.

EFG Hermes and Amazon have entered into an option agreement whereby Amazon has agreed to acquire $10 million in GDR EFG Hermes with the option to replace that investment with valU at a later date, resulting in an equity interest of 4.255% of the issued share capital of valU, based on a current post-money valuation of $235 million.

The option may be exercised before or upon the occurrence of a value-qualifying liquidity event, in the form of an independent investment involving third-party investors, a sale, an initial public offering or of another listing event, based on the terms and conditions of the transaction agreement.

Copyright © 2022 Khaleej Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

House hunter horrified by dome in owner’s back garden listed on SpareRoom for £750

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Exclusive:

A listing on the SpareRoom website said it would suit “someone who is minimalist” and described it as “the nicest place to sleep in spring and summer.”

The dome has been described as beautiful “in spring and summer”

Tenants have been asked to pay £750 a month to sleep in a plastic dome in a landlord’s back garden.

An ad for the chamber read, “Looking for someone who appreciates the outdoors and someone who loves nature.”

But the occupant had to enter the house to cook or use the toilet.

A listing on the SpareRoom website said it would suit “someone who is minimalist” and described it as “the nicest place to sleep in spring and summer.”

This could be due to the fact that there is no visible central heating. Another dome sits next to it – but appears to have fewer windows and could be a glorified shed.







A view inside the dome
(

Picture:

A view inside the dome)


Both structures sit between established trees and appear to share a common space, complete with tables and chairs.

The listing – in trendy Highgate, north London – came as rents across Britain continue to soar and millions face a cost of living crisis.

A woman in her twenties was horrified to spot the dome as she searched for a home in the capital. She said: “I was shocked. I thought there were regulations to stop this stuff.

Housing campaigner Alasdair Mcclenahan, of Justice for Tenants, said: ‘The cost of living is rising, but wages and incomes are not.

“People have to do whatever they can to have a roof, or in this case a dome, over their heads and not be on the street.”

Anyone offering accommodation that fails to meet basic standards faces criminal prosecution and fines of over £100,000.

Strict rules govern ventilation, electricity, cooking and sanitary facilities.

Portia Msimang, from Renters’ Rights London, said the dome was ‘cute for a weekend but a really awful housing situation’.

She added: ‘I’m afraid a lot of people are voluntarily paying £750 a month to sleep under PVC in this back garden, such is the scale of the housing emergency in London.’

Local one-bed apartments in Highgate – home to stars like singer Harry Styles and actor Jude Law – can cost £1,900 a month. Yet the national average monthly wage for 20-somethings is £2,257.

Highgate MP Catherine West was appalled at the installation of the dome. She said: ‘While a ‘geodesic dome’ can be a great way to glamp, spending £750 a month on one in London is a damning indication of our housing crisis.

“Far too many young people are forced into totally unacceptable solutions like these.

“The government must build the housing we need.”

The dome has been listed as a residential rental several times, most recently this month.

But when contacted, the woman who placed the ad denied ever intending to let the dome out.

She said: ‘It was a meditation zone for my mental health during lockdown.

“Not for rental. The listing is out of date, it should have been taken down and it has now been removed.

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EFG Hermes consumer finance unit reaches deal with Amazon

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Egypt – EFG Hermes Holding, a leading investment banking franchise in frontier emerging markets, announced that one of its main subsidiaries, valU Consumer Finance, has entered into a consumer finance services agreement with global e-commerce giant Amazon.

Following the signing of the agreement to provide consumer finance by valU, as a payment method on amazon.eg, Amazon customers will have the option to split the total cost of purchases into multiple payments using valU .

With a current footprint spanning 13 countries on four continents, EFG Hermes Holding has grown over 38 successful years to transition from a pure-play investment bank in the Mena region to an impact-focused universal bank in Egypt. with the first investment banking franchise in FEM.

As part of the completion of the commercial agreement, EFG Hermes and Amazon today (May 12) entered into an option agreement whereby Amazon agreed to acquire $10 million in GDR EFG Hermes with the option to replace this investment with valU at a later date, resulting in a 4.255% equity interest in valU’s issued share capital, based on a current post-money valuation of valU of $235 million.

The option may be exercised before or upon the occurrence of a value-qualifying liquidity event, in the form of an independent investment involving third-party investors, a sale, an initial public offering or of another listing event, based on the terms and conditions of the transaction agreement.

And more recently, the acquisition of a majority stake in aiBANK has enabled the company to offer commercial banking products and services.

Leveraging its proven track record and a diverse team of talented employees, EFG provides a wide range of financial services including advisory, asset management, securities brokerage, research and private equity in the entire GEF region.

In our home country, we have the fastest growing Non-Banking Financial Institutions (NBFI) platform with operations spanning Microfinance, Leasing, Factoring, Buy-Now Pay-Later (BNPL), digital payment solutions, mortgage financing and insurance.

Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Hop Valley Brewing – Head Brewer – Brewbound.com Craft Beer Job Listing

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Hop Valley Brewery

Apply for a job

Job summary:The head brewer is responsible for the daily process of beer production. The head brewer works directly with the brewing team, operations manager, production manager, cellar manager, brewing manager and supply chain manager to produce wort according to specifications required. The Head Brewer leads our team of brewers, including staff planning, training, coaching, motivation and career development. The Head Brewer is actively involved in recipe development, modification, optimization, maintenance and troubleshooting. The Head Brewer understands the principles of proper sanitation and quality assurance, including food safety, food defense and good manufacturing practices (GMP). A head brewer is expected to have an in-depth knowledge of the science of brewing and fermentation and to make informed process decisions using this knowledge.

Essential Duties and Responsibilities:

  • Lead the brewing department
    • Cleanliness of brewhouse, mill room, hop storage area
    • FIFO all cereals & hops
    • Inspection of CIP and deep cleaning procedures
    • Consistent production of wort according to established specifications
    • Process quality control
    • Yeast handling
    • Documentation, including development and maintenance of SOPs
    • Staff planning
    • Meet with brewing staff to set expectations and understand staffing needs
  • Drive staff recruitment and development for the brewery, including
    • Planning and conducting interviews
    • Provide coaching, guidance and disciplinary action as needed
    • Effective goal monitoring
    • Strong annual review writing
    • Participate in interviews from other departments upon request
  • Communicate with the cellar manager and the cellar team regarding fermentation tank needs
  • Yeast management
  • Work with the quality team to validate decisions or process changes
  • Brewery Equipment Asset Management
    • Communicate necessary preventative maintenance, repair and equipment issues to the maintenance team and area managers
    • Maintain brewhouse operations via assigning and auditing operator-based maintenance procedures
  • Collaborate with supply chain to plan, organize and drive brewery production schedules, including:
    • Communication of raw material needs
    • Silo Grain Order
    • Manage the FIFO system on two silos
    • Confirmation of quantities of raw materials through regular inventories
    • Check the quality of raw materials through COAs and organoleptic evaluation
  • Training and development of brewers
    • Silo filling and switching operation
    • Factory operation, adjustments and quality control
    • Brewhouse operation including brewhouse compressed air, boiler and steam services
    • Documentation
    • Layout of the brewing stand
    • Safety (LOTO, Confined Space, PPE, chemical safety)
    • Transfers (Must, yeast)
    • Sanitation / CIP
    • General equipment operation and simple maintenance
    • Planning and conducting cross-training in other areas of the company
  • Complete the Hop Valley Advanced Taster training and be an active member of the sensory team
  • Work closely with management, quality and sales in the new product development process
  • Perform other duties assigned by management
  • Audit, update and maintain production orders, material supply and inventory in the ERP system (Orchestrated Beer)

Work experience requirements:

  • Minimum 3 years of related experience in a manufacturing environment
  • Minimum 2 years of leadership or management experience preferred
  • Experience in data collection, documentation and analysis
  • Demonstrated expertise in food defence, food safety, GMP and HACCP
  • Experience performing 5-Why, root cause analysis, or other similar problem solving techniques


Professional skills:

  • Strong organizational, problem-solving, decision-making and delegation skills.
  • Strong work ethic and business integrity.
  • Excellent written and verbal communication skills.
  • Demonstrated leadership skills with the ability to motivate teams while maintaining positive workplace morale.
  • Team player with an ability to work independently while achieving a common goal.
  • Strong fundamental knowledge of brewing principles and practices including manufacturing equipment, process flow and process control.
  • Ability to read and understand COAs, production reports, production schedules and data analysis reports.
  • Superlative attention to detail and accuracy in data reporting.
  • Strong analytical skills with the ability to present data and offer data-driven solutions to problems.
  • Proficiency in computer functions including Microsoft Office, PC and Apple products.
  • Understanding of HMI and PLC process control systems.
  • Working knowledge of ERP systems such as Orchestrated Beer an asset.
  • Able to maintain a flexible work schedule including weekends and day, swing or graveyard shifts.

Academic requirements:

  • Bachelor’s degree in food science, chemistry, biology or similar field preferred.
  • Formal brewing degree from IBD, MBAA or Siebel Institute preferred.
  • Formal management training preferred.
  • Equivalent experience may substitute for education.


Skills:
To perform the job successfully, an individual must demonstrate the following skills to perform the essential functions of this job.

  • Security – perform security audits, security training and other duties as required by the security manager.
  • Problem solving – the individual identifies and solves problems in a timely manner, skillfully gathers and analyzes information.
  • Employee Focus – the person handles difficult employee/operational situations, responds quickly to employee needs, solicits employee feedback to improve service, responds to service and support requests, and meets commitments.
  • Planning/Organizing – the person prioritizes and plans work activities and uses time effectively.
  • Quality Control – the individual demonstrates accuracy and thoroughness, monitors own work to ensure quality, and applies feedback to improve performance.
  • Quantity – meets productivity standards and completes work in a timely manner.
  • Adaptability – the individual adapts to changes in the work environment, manages competing demands and can cope with frequent changes, delays or unexpected events.
  • Dependability – the individual is consistently on the job and on time, follows instructions, responds to direction from management, and solicits feedback to improve performance.
  • Safety and Security – the person observes safety and security procedures and uses equipment and materials correctly.

Physical requirements:

  • Ability to lift over 50 lbs.
  • Work a 10 hour shift
  • The person in this role must have the ability to reach, twist, bend, stoop, crouch, stand and walk frequently during 8-12 hour shifts. Candidates may be required to work overtime if necessary.
  • Must be able to wear personal protective equipment and work in variable temperatures

Apply for a job

Mogul Seeks Nominations for Top 100 Companies with Top Diversity, Equity, Inclusion and Belonging (DEIB) Initiatives List

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NEW YORK–(BUSINESS WIRE)–Mogul, Inc., an innovative HR technology software company and executive search firm whose vision is to unlock the world’s greatest potential, announced today that it is seeking nominations for its roster of the “Top 100 Diversity Companies, Equity, Inclusion and Belonging Initiatives (DEIB). Nominations can be submitted here until July 1, 2022. Anyone can nominate an organization, free of charge. The winners will be announced on July 12, 2022.

“At Mogul, we believe it is extremely important to recognize organizations that have demonstrated exceptional leadership with their DEIB programs. These organizations have embraced cultural values ​​that allow all individuals to feel a sense of belonging. , inclusion and equity within the culture of the organization,” said Tiffany Pham, Founder, CEO, and Chair of the Board of Mogul. “These organizations nurture and promote diverse talent, have developed a inclusive mindset and understand the importance of fairness within the corporate culture.”

Pham noted that companies that excel in delivering truly exceptional DEIB initiatives often recognize that diversity includes factors far beyond ethnicity, race and gender, such as age, religion , sexual orientation, lifestyle, parental status, veteran status, disability status, social class, and education.

Nominees will be judged on the following criteria, however, Mogul also reviews publicly available information to determine winners:

  • Diversity of hiring and promotion practices

  • Inclusive mindset with inclusive business initiatives

  • Progressive Workplace Resources

Mogul publishes a “Top 100” list by quarter:

About Mogul

At Mogul, our vision is to unleash the greatest potential in the world. We help diverse people and organizations achieve their goals and cultivate meaningful success, through pioneering technology solutions and inclusive communities. With industry-leading HR software, fast-growing executive search services, and a diverse and inclusive online community of executive and board-level talent, Mogul is innovatively paving the way for diverse professionals. and businesses that need it.

Mogul partners with the Fortune 1000 and the world’s fastest growing companies to attract, engage, advance and retain top diverse talent. Long-time customers include Amazon, IBM, Nike, Hearst, Stanley Black & Decker, McKinsey, T-Mobile, etc.

As a mission-driven organization, Mogul offers free community forums, low-cost events, and inclusive online communities, all designed to attract, engage, and advance top diverse talent.

Mogul was named one of the “100 Most Exciting Startups” by Business Intern“Best Website for Finding Top Talent” by Inc. magazine, and “Best Website for Marketing Your Business” by Forbes.

Local businesses must compete in the digital age

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At the risk of repeating myself, allow me to share one of my favorite quotes. General Eric Shinseki told his troops, “If you don’t like change, you’ll like insignificance even less.

All great changes are preceded by chaos and upheaval; you must be willing to sacrifice where you are now for the vision of where your dreams can take you. Although we have seen changes over the past few years, I believe we are on the verge of even greater and unprecedented changes in the future. Will we manage this change on our terms or sit back and act?

Let’s start with a critical element. Local businesses should create/upgrade their websites without hesitation. Just as a downtown is the look into the heart and soul of a community, your website is the look into the heart and soul of your business and what it offers. It doesn’t have to be expensive in today’s tech world, but having a viable and functioning website is an essential part of your business’s future success.

Don’t fall for the hype that everything is done online. Two years ago, more than 90% of retail sales took place within the walls of retail establishments. While covid-19 has changed that forever, as things normalize you can expect in-store shopping habits to improve as we have discovered that we humans are looking for the interaction. That said, don’t get comfortable; there is a significant shift towards digital purchases and that will not change. Be aware of these patterns and modify your strategies as needed to ensure better traffic and better in-store results.

Second, make sure consumers can find you, physically and digitally. Make sure you’re active on social media and let everyone know your opening hours. Does your listing show up on Google Maps? When people drive by or walk by, are your windows and facade attractive? Just as your website is the heart and soul of your business digitally, so is your storefront and storefront for your physical location.

How does your business appear in the world of digital search words? Google a few of your key products or services and see where your business appears or how far you need to scroll down to find your store. Don’t get me wrong, while many go back to brick and mortar shopping, they get there by Googling where to spend their money.

Third, when online, regularly respond to interactions quickly. Just as we expect great in-person customer service, consider this your online customer service portal. Great service goes a long way. As we chat online, avoid stagnation; rotate your web photos often – after all, pictures are worth a thousand words.

Fourth, in addition to stellar customer service, make sure the inside of the business is warm and inviting. Can buyers easily find what they are looking for? Make sure it’s easy to get around the store. Cluttered aisles are one of the biggest downsides to enjoyable shopping experiences. Always remember that uniqueness creates a mood. The mood you create today determines who returns tomorrow.

Fifth, always look for ways to communicate after your customer’s first visit. This is where a digital strategy can be king. Always have in-store and digital promotions, drawings, contests, sweepstakes, surveys and games. With technology, it is now very simple. I am always amazed at how people provide email addresses and cell phone numbers with a chance to win something. I am also amazed at the number of companies that do not have a communication strategy. This should be at the top of any business plan. If you are a food service establishment, always have a method to keep customers coming back. It’s amazing how easy and effective a simple punch card, printed or digital, can be to keep diners coming back again and again.

Always think of several visits. Few businesses can survive when customers only visit their location once. The most successful businesses always rely on the frequent return of their best customers. What is the lifetime value of a frequent customer? Every business needs to understand this number and the impact on the business. Frequent customers ultimately determine whether a business has the sustainability to survive for the long haul.

Start with simple email marketing; it is the place where the opening and response rates are excellent. Although it is becoming less effective, use social media to tap into large communities of consumers residing in your target area. There is no simple or one-size-fits-all solution. Being aggressive in promoting or marketing your business is a must. The passive will surely die.

• • •

John Newby, of Pineville, Mo., is a nationally recognized publisher, community, business and media consultant and speaker. His “Building Main Street, not Wall Street” column appears in many communities across the country. He is the founder of Truly-Local, dedicated to helping communities, building excitement and energy, and combining synergies with local media to improve their communities. He can be reached at [email protected] The opinions expressed are those of the author.

Rishi Sunak calls on chip designer Arm to return to the London Stock Exchange

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Sunak backs Arm’s return to market: We’ll make London attractive for tech, says Chancellor, amid fears chip designer will be listed in New York

Rishi Sunak called on Arm to return to the London stock market in what would be a major boost for the city.

Amid fears that one of the country’s most prestigious tech companies might list its shares in New York, the chancellor backed efforts to bring the chip designer back to the UK.

Ministers and London Stock Exchange executives want to attract more tech companies and have launched a charm offensive to win over SoftBank, the Japanese owner of the tech firm.

Chancellor Rishi Sunak (pictured) has backed efforts to bring prestigious chip designer Arm back to the UK

But a London listing is far from certain after SoftBank chief executive Masayoshi Son said in February that Nasdaq in New York was “the most suitable option” because it was “at the center of the high world technology”.

Such a move would be a blow to Britain and to Sunak, who last year called on his Tory counterpart Lord Hill to review registration rules in a bid to make London more attractive.

Speaking to the Daily Mail, the Chancellor said: ‘Of course I want to see Arm listed in the UK.

That’s why I asked Jonathan Hill to reform our registration rules, to make London a more attractive place.

“The government is committed to seeing companies like Arm listed in London.”

The problem was highlighted by Mail’s Back British Tech campaign. Sunak insisted the environment was changing and London was losing its image as the home of old-fashioned, low-growth legacy businesses.

Last year, Deliveroo, Wise and Darktrace all chose London over rival exchanges in New York and Europe for their so-called IPOs.

Sunak said: “Because of the reforms we have put in place, it has been one of the biggest years in over a decade for UK IPOs.” We are a pre-eminent place in Europe for this.

Arm’s shares were traded in London and New York before being bought by SoftBank for £24 billion in 2016.

The conglomerate wants to put it back on the stock exchange after seeing its plan to sell it to US giant Nvidia collapse following scrutiny from competition regulators around the world.

New York is still the preferred destination for the chip designer and even as UK efforts intensify, it is recognized that the odds of fighting the IPO away from New York are slim.

Russ Shaw, founder of Tech London Advocates, said: “It’s still up for grabs, but New York seem to be favourites.”

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Prudent Corporate Advisory Services IPO Opens Today; should I subscribe? Check GMP, price range, batch size

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Prudent Corporate Advisory Services’ three-day initial public offering (IPO) opens Tuesday (May 10) and closes Thursday (May 12). The company has set a price range of Rs 595-630 per share for the Rs 538.6 crore IPO. The retail wealth management firm raised just over Rs 159 crore from anchor investors ahead of the initial share sale. The issue is entirely an offer for sale (OFS) by existing investors in the company. Prudent Corporate offers mutual fund products, insurance products, stock brokerage services, fixed income products, gold accumulation plan, and more.

Prudent Corporate Advisory Services IPO Details

Price range – Rs 595-630
IPO opening date – May 10
IPO closing date – May 12
Date of grant – May 18
IPO date – May 23
Number of shares before issue – 41,406,680 equity shares
Offer to sell (OFS) – 8,549,340 capital shares
Lot size – 23 stocks
Employee discount – Rs 59 per share
QIB part (including anchor) – 50% of the offer
Non-institutional portion– 15% of the offer
Retail – 35% of the offer

Gray Market Premium Prudent Corporate IPO (GMP)

Shares of Prudent Corporate have commanded a gray market premium (GMP) of Rs 30, according to IPO Watch. The IPO shares are trading at Rs 660 each on the gray market.

Should I subscribe to Prudent Corporate IPO?

Hem Securities: subscribe for the long term

“The company brings the issue to a price range of Rs 595-630 per share at a p/e multiple of 45x on a 9 month FY22 eps basis. The company operating in India’s underpenetrated asset management industry, which has grown at a CAGR of over 20%, has a diverse pan-India distribution network with the ability to span under-penetrated B-30 markets. The company has demonstrated a consistent track record of profitable growth through a highly scalable, asset-light and cash-generating business model. Therefore, we recommend that you “Subscribe” on the long-term issue. »

Marwadi Financial Services: Avoid

Prudent Corporate Advisory Services provides wealth management services to 13,51,274 unique retail investors through 23,262 MFD on a business-to-business-to-consumer (B2B2C) platform and is spread across branches in 110 locations in 20 states of India, as of Dec 31, 2021. “Given FY21/FY22 (annualised) EPS of Rs.10.94/Rs.18.56 on a post issuance basis, the company will enroll in a P/E of 57.59x/33.95x with a market cap of Rs 26,086 million while its peers, namely IIFL Wealth Management and ICICI Securities, trade at a PE of 27.3x and 12.6x. the “Avoid” rating to this IPO because the company is available at an expensive valuation relative to its peers. We believe the valuations are not in favor of investors.

Angel One: Neutral

Prudent Advisory grew its AUM at a CAGR of 32.8% between March 2018 and December 2021. Additionally, the company grew its revenue and profit at a CAGR of 13.6% and 46.8% between FY19 and FY21 despite the negative impact of Covid-19. For 9MFY22, Prudent reported revenue of Rs 321.2 crore while net profit at Rs 57.6 crore has already surpassed FY21PAT by Rs 45.3 crore.

“At the upper end of the price range, Prudent will trade at a P/E multiple of 34.0x its annualized EPS for 9MFY2022 versus Anand Rathi which is trading at 20.5xFY2022. We believe Prudent has a very strong retail-focused business model that gives it a distinct competitive advantage that will be difficult to replicate. However, valuations are higher than peers which will limit short-term gains and so we have a NEUTRAL recommendation on the IPO.

Jainam Broking: Register

Prudent Corporate Advisory Services is one of the leading independent wealth management services groups (non-banks) in India and is among the leading mutual fund (MF) distributors in terms of average assets under management and commissions earned . As of December 31, 2021, the company’s assets under management from the mutual fund distribution business stood at Rs 48,411.5 crore, with 92% of their total assets under management focused on equities. “We recommend subscribing on the following metrics that financial penetration is expected to increase with increasing financial literacy and is expected to continue to grow at a healthy rate due to strong demand and supply. Given that the company enters with a higher valuation, it could be subject to corrections in the near future.

Choice Broking: subscribe with caution

According to Choice Broking, given that 85% of the business comes from MF distribution, “the business is very cyclical depending on the behavior of the stock market.” The competitive intensity in the distribution of financial products has intensified with the entry of fintech players. “The company may struggle to maintain margins at around 25% in the future. The demanding valuation at Rs 2,608 crore is expensive, leaving no margin of safety for investors,” he said. given these parameters, it assigned an “underwrite with caution” rating to the issue.

Note that upon successful listing, Prudent Corporate Advisory will join its listed counterparts such as IIFL Wealth Management, ICICI Securities, CDSL, Computer Age Management Services, HDFC AMC, Nippon Life Indian Asset Management and UTI Asset Management. ICICI Securities, Axis Capital and Equirius Capital are the lead managers of the issue.

(Recommendations in this article are from respective research analysts and brokerage firms. Financial Express Online assumes no responsibility for their investment advice. Investments in capital markets are subject to rules and regulations. Please see your investment adviser before investing.)

NIO still looking for a bottom

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  • The fall in NIO shares accelerated its collapse on Monday, losing around 9%.
  • NIO shares have been hit by the SEC naming it for possible delisting from New York.
  • Nio Inc. Obtains Singapore Listing Approval to Counter Potential SEC.

Update: NIO ended Monday at $13.56 per share, down 9.12% on the day as stocks extend their bearish run. The Dow Jones Industrial Aversa lost more than 600 points, while the S&P 500 fell about 3.3%. The worst performer was the Nasdaq Composite as it lost around 4.29% on the day. Financial markets started the week on a back foot amid persistent inflation and growth concerns, coupled with the crisis in Eastern Europe. The European Commission is frantically seeking to agree a full Russian oil embargo, but is still unable to replace the region’s energy resources.

Previous Update: NIO opened the trading week the same way it ended the last, dominating the price action and sinking the stock a little lower. At the time of this update, nearly an hour after the start of regular trading on Wall Street, NIO stock price is down 7% on the day, below $14. Shares of Chinese automaker EV are approaching year-to-date lows on March 15, when Nio opened at $13.25 and hit a price of $13.01. The stock market rout, especially in high-growth sectors like electric vehicles, added to fears that this stock could be delisted in the United States are a dismal combination of fundamentals for the NIO bulls, who had experienced a large success with this one in 2020.

NIO stock closed lower again on Friday as – surprise, surprise – investors decided the stock was no longer investable in its current form. NIO stock has fallen more than 10% in a week as the potential delisting from US stock exchanges hits investor sentiment. To recap, the SEC has named many potential Chinese companies to be delisted due to their compliance with the Foreign Company Equity Liability Act.

Companies are required by law to declare that they are not controlled or owned by the Chinese government. US regulators also require Chinese companies to be inspected by the Public Company Accounting Oversight Board.

NIO stock news: Do US traders care about Singapore listing?

Initially, Nio was not among the first group of companies named for possible delisting. most prominent was DIDI, which had listed in New York in a high-profile IPO. This has put many Chinese tech stocks on notice and investors have taken a very cautious view of the sector. However, the SEC added NIO to its list last week, which led to an immediate wave of selling pressure on the stock.

NIO had previously listed in Hong Kong to offset any potential delisting. This was probably done once the initial names were released. NIO then followed up last week by seeking and obtaining preliminary approval to list on the Singapore Stock Exchange. Hong Kong is considered the main roster with Singapore as the secondary roster. However, NIO has a strong US-based retail customer base. Or rather it was, many may have already sold. Many U.S. retail customers will not have access to trade on the Hong Kong or Singapore exchanges and many may not want it regardless of access.

NIO stock was already under pressure before this radiation potential. The number of deliveries in April had fallen nearly 50% from March as the Chinese lockdown hit supply and delivery. Nio Inc. delivered 5,074 vehicles in April compared to 9,985 in March. Other Chinese electric vehicle makers XPeng (XPEV) and LiAuto reported similar monthly delivery drops for the same reason.

NIO Stock Forecast: Relentless Downtrend Will Continue

$13.01 appears to be the target for NIO shares as the newest low and so small support. Considering the bottom, it should break. NIO stock price is strongly bearish with $23.94 being the bullish pivot, so some distance away. The decline in RSI and IMF reinforces sentiment and looks overwhelmingly negative. Breaking $13 will bring $10 as an obvious target with a gap to close down to $9.38.

NIO stock price chart

NIO stock chart, weekly

DNA-Based Water Testing System Launched for San Diego Beaches

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San Diego County has started using new seawater quality testing technology intended to produce faster results and earlier warnings when bacteria reach unhealthy levels.

During the rollout of the DNA-based technology last week, County Board of Supervisors Vice Chairman Nora Vargas said the county plans to expand its use of the testing technology, known as droplet digital polymerase chain reaction, or ddPCR, from more than 70 miles of shoreline that the county is sampling and testing to help protect the public.

“I am happy to announce [that] with today’s sampling, San Diego becomes the first coastal county in the nation to implement the ddPCR method for beach water sampling,” Vargas said at the May 4 launch. “Faster results will allow the county to issue or lift beach advisories on the samples were taken the same day. And it reduces the time the public could be at risk without knowing it and when the water is contaminated.

Officials said the DNA-based system is more sensitive to bacteria levels than the older method, which required growing bacterial cultures from water samples in petri dishes.

“In San Diego, we had 104 advisories in 2021, and about half lasted a day or a little longer, so it’s important that we can test, retest and flag and lift advisories as needed,” Heather Buonomo said. , division director for the county Department of Environmental Health and Quality.

To determine the levels of bacteria in the new system, samples are taken early in the morning and, using the ddPCR method, the DNA is reproduced in the laboratory.

“It’s different from the culture method we used before, where we cultured the bacteria and waited for the incubation period,” Buonomo said. “The new method gives us the information much faster. So we can test at 6 a.m., pick it up at 8 or 9 a.m. so we can have the results the same day. »

Testing sites are chosen based on accessibility for samplers and where there might be a storm drain or runoff containing bacteria. The results apply only to this geographical area.

Getting to this point took a decade.

“It’s been a long time coming. We started thinking about it in 2012,” Buonomo said. “Even then, we were looking for faster ways to deliver information.

“We worked with state health officials and did some testing to see if it would work. Once they had the data, they had to change state law to use this new method. It’s very exciting.”

The information collected is disseminated on sdbeachinfo.com, which provides a list of all active water quality advisories. ◆

Notice of public offering, listing and admission to trading of the shares of EfTEN United Property Fund

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EfTEN Capital AS (registration code 11505542, address A. Lauteri tn 5, 10114 Tallinn) as the management company of the EfTEN United Real Estate Fund announces a public offering of shares in the EfTEN United Property Fund.

Unit offer

The Management Company organizes the offering of a maximum of 500,000 fund units to all natural and legal persons in Estonia in accordance with the prospectus for the public offering of units. The offer is divided into interim periods. During the first interim period, i.e. from 9:00 a.m. (EET) on 09.05.2022 to 11:00 a.m. on 20.05.2022 (EET), the Management Company will offer and the Fund will issue 460,000 offered units. The Management Company has the right to increase the offer by 300,000 units offered during the first interim period. From the second interim period until the end of the offer period, i.e. from 9.00 a.m. (EET) on the first business day of the calendar month on 01.09.2022 until 11.00 a.m. (EET) on the last business day of the last interim period, the Management Company offers and issues up to 40,000 offered units. A maximum of 10,000 units will be offered in the interim period from September to December.

The fund has one class of units and the units offered belong to the same class. Existing units will not be sold during the offer. The minimum number of shares to subscribe is 1 and no maximum number has been set. A whole number of units can be subscribed. During the offer, no one has a preferential subscription right to the shares offered or any other advantages or special rights resulting from the legislation or the fund regulations. Notwithstanding the foregoing, the Management Company may give preference to existing investors in the Fund in the distribution of units offered by oversubscription. Existing investors are deemed to be investors registered as unitholders at the end of the calendar month preceding the respective interim period.

The offer price of units to be issued during each interim period is the net asset value of the fund unit of the previous calendar month. The management company determines and publishes the net asset value of a fund unit on the last business day of the calendar month following the reference period (calendar month) in the form of a stock exchange announcement and on its website.

Subscription to the offered units can only be made in Estonia through Nasdaq CSD account managers. In order to participate in the tender, subscription orders may only be submitted in Euros and the bidder will bear all costs or fees associated with submitting the subscription order.

Important appointments:

09.05.2022 – Announcement of the public share offering

09.05.2022 at 9.00 a.m. (EET) – 30.12.2022 at 11.00 a.m. (EET) Period of the public offering of Units, taking into account that the offering is divided into intermediate periods

09.05.2022 at 9.00 a.m. (EET) – 20.05.2022 at 11.00 a.m. (EET) – the first intermediate period

24.05.2022 – the management company should decide on the distribution of units for the first interim period

26.05.2022 – value date of the first interim period, when the units are transferred against payment to the securities account of the investor

31.05.2022 or a close day – planned listing of existing shares and the first provisional shares and start of trading on the regulated market organized by Nasdaq Tallinn AS (in the list of fund shares of the Stock Exchange)

From 01.09.2022 on the first working day of the calendar month at 9:00 a.m. (EET) until the last working day of the last intermediate period (December) i.e. 30.12.2022 at 11:00 (EET) – the following intermediate periods of the offer of units.

Important dates relating to the unit offering for periods after the first interim period will be published by the Management Company before the start of each respective interim offering.

Listing and admission to trading of units

The management company has submitted an application for listing and admission to trading of all existing and offered units on the list of fund units of the Nasdaq Tallinn Stock Exchange, for which the Listing and Supervisory Committee of Nasdaq Tallinna AS made a conditional decision on 03.05. .2022.

Availability of the prospectus

The prospectus for the public offer, listing and admission to trading of the units of EfTEN United Property Fund as well as the summary are available at the registered office of the management company in Tallinn, A. Lauteri 5 (3rd floor) and electronically at https://eftenunitedpropertyfund.ee and on the website of the Financial Supervisory Authority at www.fi.ee. In addition to the above, the prospectus is also attached as an appendix to this stock exchange announcement.

This notice is not a prospectus or a summary thereof. Before investing in shares of EfTEN United Property Fund, please read the full prospectus.

Kristjan Tamla
Head of Retail
Such. 655 9515
E-mail: [email protected]

Attachment

Tech company set to sell 17% stake

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CARACHI:

A tech company, which develops software (mostly) for overseas markets, is set to sell a 16.67% stake in the company to individuals and institutional investors to raise a minimum of Rs 1.05 billion on the Pakistan Stock Exchange (PSX) next week. .

The growth company, Coeus Solutions Limited, is expected to start bidding at a minimum (floor) price of Rs 210 per share to auction up to 5 million shares on Monday. The auction process (book building process) would remain in place for three days to end on Wednesday.

Later, the auctioned shares would be available for trading only among accredited board investors of the Growth Enterprise Market (GEM), which is a risky trading platform compared to Motherboard shares. from PSX. “Technology was PSX’s best performing sector in 2021,” the company said. “However, it is only 6.38% of the KSE-100 index, highlighting the potential for future listings.” Previously, the company postponed listing on the stock exchange in March due to the prevailing global and domestic political and economic instability then.

The main objective of the Rs 1.05 billion fundraising is to “develop the existing products of Coeus Pakistan, namely WorkHub and vidmonials, and launch a merger and acquisition strategy to acquire businesses already in business (Software as a Service/SaaS) in Pakistan,” the company said. in its information notice available on the PSX website. Unlike a typical software outsourcing company, the company operates in Germany through Coeus Solutions GmbH, which has a few customers for whom it acts as a full product team.

“These customers are the main companies in Europe”, currently more than 30,000 users in more than 40 countries use their products, the memorandum states. Pakistan’s IT exports reached $1.8 billion in the prior fiscal year (26% five-year CARG) and have already reached $1.1 billion in the first six months of the fiscal year in course 2021-22, he said. “Coeus Solutions GmbH operates in Germany, which is a market of over $100 billion in 2021 but still underserved, with only 2% of Pakistan’s IT exports attributable to Germany,” he added. He said he plans to execute his own consolidations (merger and acquisition) in Pakistan.

There is a shortage of IT resources, especially due to the high demand from existing IT companies and startups, so it is difficult to build teams and create products from scratch. “Therefore, the company intends to acquire an already operating SaaS business in Pakistan and sell its products to customers in Germany,” he said. Coeus Pakistan and its associated company in Germany jointly made an after-tax profit of Rs 130.4 million in the first half (July-December) of the current financial year. They made a net profit of Rs 173.3 million in the previous year ended June 30, 2021 and earned Rs 113.5 million in the previous financial year, according to the memorandum.

This will be the fourth addition to the GEM board since the development of the specialty market about a year ago. In addition, three to four other companies applied for listing. They are at various stages of joining the PSX GEM Board. “The total number of companies on the GEM Board of Directors will reach approximately six or more by the end of the current calendar year 2022,” said PSX Managing Director and CEO Farrukh H Khan. , in an interview with The Express Tribune in April.

In addition to this, the Pakistan Software Export Board (PSEB) recently appointed AKD Securities as the senior manager to get the top eight tech startups listed on the GEM board, he said. Previously, PSEB signed a memorandum of understanding (MoU) with PSX to make at least 40 tech startups available to the GEM board. About eight tech startups have yet to apply for listing, he said afterwards.

Lots of hype and less Wow? How Shiba Inu and Robinhood have behaved since Benzinga’s Meme Coin Listing

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© Reuters. Lots of hype and less Wow? How Shiba Inu and Robinhood have behaved since Meme Coin listing

There was a lot of hype surrounding how a Robinhood (NASDAQ:) Markets, Inc. (:HOOD) listing would potentially send (CRYPTO: SHIB) to the moon.

With over three weeks after registration, here is a reality check on how Shiba Inu has fared since being registered on the trading app.

Did the SHIB list help? Robinhood allowed its customers to buy and sell four additional cryptos, including SHIB, starting April 12, the company revealed in a blog post. Other cryptos that reached the app included Compound (CRYPTO:COM), Polygon (CRYPTO:MATIC) and (CRYPTO:SOL). With these additions, the number of coins that can be traded on Robinhood has increased to 11.

Robinhood’s decision to add SHIB came after tremendous pressure from the loyal crypto community. They argued that it would even boost the trading app’s trading volume. Robinhood executives had explained their apprehensions by suggesting that they didn’t want to get in trouble with the SEC by indiscriminately listing cryptos.

Since April 11, Shiba Inu has lost approximately 9.1% of its value. It rallied to $0.000030 on listing day, but has since fallen back. Robinhood’s stock, meanwhile, lost about 8.2% following the SHIB listing.

Related Link: Robinhood Analyst: The Trading App Could Be Gen Z Charles Schwab (NYSE:), but faces these short-term pressures

Has external noise skewed the desired results? The lack of lift for crypto and stock in the trading app can be linked to several external factors. The broader market experienced a slump during the said period, driven by a host of factors. The SPDR S&P 500 ETF Trust (NYSE: SPY (NYSE:)), seen as a proxy for the broader market, lost about 1.8% from May 11 to today.

Fears of Fed tightening and jitters over geopolitical tensions dampened investors’ risk appetite.

Robinhood’s stock, meanwhile, was hurt by the trading app’s disappointing performance in the first quarter. The impact of Shiba Inu registration will not begin to be reflected in Robinhood’s trading volume until Q2.

When last verified, SHIB was seen down 0.46% to $0.00001984, according to data from Benzinga Pro. Robinhood closed Friday’s session at $10.12, down 4.62%.

Related Link: Is Shiba Inu a Good Investment

Photo: Created from an image from Diverse Stock Photos on Flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Sevilla flights: How Rangers fans can get to the Europa final

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Rangers will take part in their first European final since 2008.

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Gers battled from a first-leg deficit to see off RB Leipzig in a stunning 3-1 win at Ibrox on Thursday night, and will now face Eintracht Frankfurt, who beat a lackluster West Ham side 3-1 on aggregate in the last four.

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The final takes place on Wednesday May 18 in Seville, and as demand for tickets explodes, travel and accommodation costs have also soared.

The most popular

With that in mind, we’ve looked at the best and most affordable ways for Rangers fans traveling to Spain to arrange…

How much do flights from Glasgow to Seville cost?

For Rangers fans looking to minimize travel costs, best to check out flight options via SkyScanner.

Using longer journey times and multiple stops, they offer cheaper alternatives to a number of airlines and offer several return packages between £350 and £450 for a single adult.

At the time of writing, for example, fans can fly from Glasgow at 12.25pm ​​on Tuesday May 17, with stops at London Heathrow and Madrid, landing in Jerez at 8.35am on Wednesday May 18.

Jerez is about an hour by train south of Seville.

The return flight leaves Jerez at 9.30pm on Thursday 19th May, stops in Madrid and Heathrow and arrives in Glasgow at 11.25pm ​​on Friday 20th May.

The full package costs £441.

Various other options are available, with flights and costs updated regularly.

How much does it cost to live in Seville?

The cost of accommodation in Seville for the night of the final varies greatly depending on the options available.

As of this writing, many cheaper hostels are already fully booked, but Trivago still offer single rooms for under £200 in some hotels.

Alternately, SkyScanner have a number of affordable rooms available in Huelva – about an hour’s drive west of Seville.

How can I get a match ticket for the Europa League final?

Rangers released a statement detailing ticketing information for Friday’s final.

It reads: “For supporters traveling independently, tickets will be sold to MyGers members with tickets allocated in a top-down method from those with the highest loyalty points to the lowest, as has been the approach for all European matches this season.

“Fans do not have to declare their interest in this process, as all tickets are sold directly by UEFA through the UEFA ticketing website.

“Successful supporters will be notified by email tonight, Friday 6 May, once the club award has been confirmed by UEFA. The email will contain a link to the ticketing website of the UEFA as well as an access code allowing the purchase of tickets.

“MyGers members with 1644 points and more have until Saturday May 7 at 6 p.m. to buy their tickets.

“MyGers members with 1528 points and more have from 6 p.m., Saturday May 7 to 9 a.m., Monday May 9 to buy their tickets.

“Subject to availability, all remaining tickets will be reallocated to the next points level and will be communicated to these members on Monday, May 9.”

Bitkub gets fined for violating SEC coin listing rules

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The Securities and Exchange Commission (SEC) Criminal Fines Committee has fined Bitkub Online (BO) and five members of its Digital Asset Screening Committee for non-compliance with SEC digital asset listing rules .

According to the SEC statement, BO also failed to consider the conflict of interest protection measure when listing KUB Coin, its local token, on digital exchange Bitkub.

The five members of the BO selection committee include Nithiwat Manesin, Sukrit Puttaviriya, Piyapong Kotchana, Pongsakorn Sutantayavalee and Atakrit Chimphalapiboon. They are responsible for selecting digital assets to be offered for trading on the digital exchange.

BO and his committee members were each fined about 2.5 million baht for violating Section 30 of the Digital Assets Act, the SEC said. The total fine tally is 15,201,000 baht.

The SEC committee said it will levy additional daily fines until BO can prove it has properly complied with the law.

BO listed KUB Coin on its Bitkub exchanges before the settlement was published, and the SEC said the test was not retroactive.

The SEC did not respond to requests from the Bangkok Post to elucidate this subject.

According to data from Bitkub Exchange, the price of KUB Coin has fallen by 8% in the past 24 hours. It stood at 147 baht at 4:15 p.m. on May 6. The coin is down 70-75% from its peak of 580 baht last year.

Following the SEC’s announcement, BO released a statement indicating that the company had carefully reviewed the coin’s qualifications and the SEC’s criteria for listing digital assets, and considered the interests of investors and the risks associated with the coin prior to listing.

The company said it has ensured that investors and the general public study and understand the coin prior to any commercial activities related to it.

BO insisted that it is doing everything possible to comply with the listing process prescribed by the SEC, such as talking to the relevant departments and requesting the coin profile listing ID.

The company said it follows SEC-approved principles and procedures, regularly monitors the progress of all digital asset-related projects on the exchange, and notifies investors through the company’s channels when changes are made.

Surface Slim Pen 2 replacement tips are finally available on the Microsoft Store

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Source: Daniel Rubino / Windows Central

The Surface Slim Pen 2 has a flat design to fit well in the hand and a haptic engine to simulate the feeling of writing on paper. What it hasn’t had, so far, is official replacement advice. That has since changed, as you can purchase tips for the Surface Slim Pen 2 through the Microsoft Store.

“Keep extra pen nibs on hand when you need them with Surface Slim Pen 2 nibs. Designed and manufactured by Microsoft to work perfectly with Surface Slim Pen 2,” the product listing reads. The page notes that the tips are sold in packs of three, but you can also get an 80-pack if you’re a business customer.

When the Slim Pen 2 was launched, customers expressed concern about tip wear. Reddit users and others online pointed out that the guidance was not available from Microsoft. Until recently, people had to rely on third parties to find replacements. A Microsoft employee in an answer forum recently shared that new tips can be purchased through the Microsoft Store.

Surface Slim Pen 2 can be paired with Surface Pro 8, Surface Laptop Studio, Surface Pro X and Surface Duo 2. Although the pen has a haptic engine to simulate the feeling of drawing or writing on paper, your device must support the feature. The Pro 8 and Laptop Studio support haptic feedback when running Windows 11.

We may earn a commission for purchases using our links. Learn more.

Stocks to Buy Today: List of 20 Stocks to Trade Profitably on May 6

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Taking cues from global markets, the domestic stock market closed flat with a positive bias on Thursday, as Wall Street saw the biggest intraday decline since 2020. IT and auto stocks helped indexes reference to slip into the red. The broader Nifty 50 closed flat with a marginal gain of 0.03%, with the index closing below 16,700 and the Sensex adding just over 30 points to settle near 55,700.

“The benchmark Nifty did not yield a decisive move as it remained within the previous day’s range. On the daily chart, Nifty formed a bar inside the day, suggesting indecision,” said Rupak De, senior technical analyst at LKP Securities. He said the daily RSI is in a bearish crossover. “The trend remains weak. At the lower end, support is visible at 16600, while resistance is visible at 16950-17000,” added Rupak De.

Meanwhile, on Friday, Asian markets were trading deep in the red amid fears that the US Federal Reserve and other major central banks will have to raise interest rates even more aggressively than expected to fight runaway inflation. , potentially pushing economies into a recession.

All major Asian indices were in the red on Friday. Japan’s Nikkei 225 was down 0.10%, the Hang Seng Index on the Hong Kong Stock Exchange fell more than 2.5% and China’s Shangahi Composite was trading down 1.5% around 8 a.m. morning Friday.

Earlier, the US market saw the biggest intraday decline since 2020 as Wall Street’s benchmark Dow Jones closed with a loss of more than 1,000 points, the Nasdaq fell nearly 650 points and the S&P 500 settled down more than 150 points on Thursday.

While waiting for the market to open, the Zee Business research team offers you a list of stocks for profitable trading. These stocks were picked from the cash, F&O and tech space to help investors make money in the short and long term. Below is the list of the 20 stocks as of May 6, 2022.

Kushal Gupta Stock Picks

Species
Andhra Paper – Purchase – 355, sl – 338

RTF
JSPL – Sale – 507, sl – 530

OPTN
Tata Steel 1280 [email protected] – Purchase – 50, sl – 31

tech
DLF – Sale – 330, sl – 346

Foundation
Tata Power – Buy – 300
Duration – 1 year
~~~~~~~~~~~~~~~~~~~~~
IPL
Affle India – Purchase – 1500
Duration – 1 year

News
Vedanta – Sale – 392, sl – 412

My choice
Steel JSW – Sale – 680, sl – 719
Wipro – Sale – 485, sl – 510
Hindustan copper – Sale – 106, sl – 112

Best choice
JSPL – Sale – 507, sl – 530
==================================

Ashish Chaturvedi Stock Picks
CASH KA STOCK
BUY DCM SHRIRAM LTD TARGET 1255 SL 1197

FUTURE
SELL RBL BANK TARGET 113 SL 122

OPTIONS
BUY SUNTV 460 PE TARGET 20 SL 12

TECHNICAL
SELL DELTACORP TARGET 245 SL 260

FONDA
SELL MCX TARGET 1250 SL 1320

IPL STOCK
BUY ITC TARGET 288 DURATION 6-9 MONTHS

STOCK IN THE NEWS
SELL TARGET VOLTAS 1130 SL 1165

MY CHOICE
SELL INDUSIND BANK TARGET 910 SL 948
SELL TATA COMMUNICATIONS TARGET 997 SL 1035
SELL TECH MAHINDRA TARGET 1235 SL 1278

MY BEST
SELL RBL BANK TARGET 113 SL 122

How to buy BP stocks and shares (BP) – Forbes Advisor UK

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BP’s first quarter earnings announcement this week was mixed.

The energy giant posted quarterly adjusted profit of $6.2 (£4.8) billion, its highest in more than a decade and well above analysts’ forecast of 4.5 (3 £.5) billion. However, BP’s decision to exit its stake in Russian energy company Rosneft resulted in an overall loss for the quarter.

BP continues to benefit from soaring global demand for oil and gas as economies recover from the pandemic. Rising demand, along with supply constraints resulting from the war in Ukraine, pushed oil prices above $100 (£77) a barrel.

Although Chinese demand has been affected by the Shanghai lockdown, the EU is reducing Russian imports and plans to ban Russian oil by the end of 2022, which should support the current level of oil prices.

Due to its healthy operating cash flow, BP announced a $2.5bn (£1.9bn) increase in its share buyback programme. This follows share buybacks of $1.6bn (£1.2bn) in the first quarter, while net debt of $27.5bn (£21.2bn) was reduced for the eighth consecutive quarter.

However, BP reported a substantial $20.4bn (£15.7bn) loss in the first quarter due to a $24bn (£18.5bn) writedown of its stake in the Russian oil company Rosneft. BP estimates that the loss of future revenue from Rosneft will reduce future profits by around $2bn (£1.5bn) in 2025.

BP’s windfall profits come at a time of intense debate over the possibility of a windfall tax on energy companies to provide funds to help meet rising energy bills.

Kwasi Kwarteng, business secretary, told Sky News: ‘A windfall tax will discourage investment and we want to see investment.

It is perhaps no coincidence that BP recently announced plans to invest up to £18bn in the UK by the end of 2030, including offshore wind projects in the UK. Ireland and investments in charging stations for electric vehicles.

BP’s share price has risen almost 5% this week, with its shares currently trading at 417 pence, near their high for the year of 425 pence.

Here’s what you need to know about buying and selling BP stock.

Please note: investing in stocks does not carry any guarantees. When buying shares of a company, it is possible to lose some or even all of your money.

That said, over the long term – a minimum of five years (preferably longer) – it is possible for equity investments to produce higher returns than those available on low-interest deposit accounts, particularly once inflation taken into account.

Why own stocks?

It’s worth asking why you want to buy stocks. Are you looking for capital growth, dividend income or a combination of both? Your investment goals will determine the type of stocks you invest in, whether they’re high-growth tech stocks or more defensive companies with a reliable stream of dividends.

Most investors are looking for strong fundamentals, including a track record of consistent earnings growth, a strong market position, or products or services with potential for future growth. These should provide a solid platform for future share price growth.

That said, other factors such as takeover rumors can drive a company’s stock price higher. Investors may also be drawn to rallying plays, with a depressed stock price offering rebound potential.

How to buy stocks

Once you have decided which company to invest in, buying stocks involves several steps.

1) Open an account

Whether you are a seasoned stock trader or new to stock market investing, you will need to open an account with a regulated brokerage firm to buy shares of BP.

Stock brokerage is a competitive market and services for do-it-yourself investors come in a variety of forms – from online investment platforms run by some of the biggest names in financial services to investment trading apps that run on your smartphone. or your tablet.

Before opening an account, keep the following in mind:

  • Keep your ultimate financial goals in mind
  • Be prepared for the ups and downs of the stock market
  • Aim to keep trading costs to a minimum
  • Remember that investing in stocks may incur tax charges, for example, when selling part of your portfolio, unless you use tax-advantaged packaging such as an ISA.

And before you buy stocks, it’s worth asking yourself these questions:

  • Should I take financial advice?
  • Am I comfortable with the level of risk in question?
  • What is my investment budget?
  • Can I afford to lose money?
  • Do I understand the company I am looking to invest in?
  • Am I protected if my platform provider/advisor goes bankrupt?

2) Where is BP traded?

The stock symbol for BP plc is BP. Its main listing is on the London Stock Exchange, which is open for trading from 8 a.m. to 4:30 p.m. Its shares are also traded on the Frankfurt Stock Exchange in Germany.

3) Do your research

To learn more about BP, visit the company’s website investor relations page.

It’s also worth comparing BP’s valuation to other comparable energy companies. One way to do this is to look at relative price-earnings ratios – stocks trading on a high price-earnings ratio have high expectations of substantial future growth.

Another useful research tool is brokers’ 12-month stock price forecasts, which are available on financial websites. Broker price forecasts give an indication of the upside and downside potential for BP’s stock price over the next year.

4) What is your investment strategy?

People tend to invest in two ways: either with a lump sum purchase or through smaller, more stable amounts over time.

This latter method is often referred to as a way of “pound cost averaging,” a stock market hack that helps you pay less per share on average over time when stock markets go down. Rather than waiting to build up a lump sum, this means that an investor’s money can be used immediately in the market. However, drip feeding your investment can sacrifice capital growth if the stock price rises and you will also pay more in stock trading costs.

5) Place an order

Once you’re ready to buy BP stock, log into your investment account or trading app. Type in the stock symbol for BP (BP) and the number of shares you want to buy or the amount of money you are willing to invest.

Many brokerages also allow you to add a “stop loss” once you’ve bought the stock, allowing you to limit your losses if the stock price drops. For example, if you buy shares at £10 and set a stop loss at £9, your shares will be sold if the share price falls below £9, limiting your potential loss to 10%.

6) Examine the performance of BP

Whether your stock portfolio is full of companies or contains only a handful of stocks, it is essential that you review the performance of each component regularly: monthly, quarterly or annually.

This gives you the opportunity to review performance and ask if any adjustments to your holdings are needed – to maintain the status quo, buy more shares or sell existing shares.

How to sell stocks

At some point, you will want to sell your holdings. To do this, log in to your investment platform, enter the stock symbol (BP) and select the number of shares you wish to sell.

Note that if you have made a substantial profit, you may be liable for capital gains tax (CGT) when you come to sell your holdings, especially if your shares were held outside of tax-exempt packaging. such as an individual savings account. or a self-invested personal pension.

The non-taxable CGT allowance for the 2022-23 tax year is £12,300. Learn more here on CGT rates and allowances.

How to invest in BP through a fund

Investing directly in individual stocks can be an absorbing and hopefully profitable experience. It may also entitle you to shareholder benefits specific to the company in question.

Investing directly in individual companies, however, can make you vulnerable to stock market volatility and unexpected fluctuations in stock prices.

This is why financial experts recommend that most people invest in a diverse mix of asset classes and funds that hold a ready-made portfolio of more than fifty stocks from different companies.

As a FTSE 100 company, BP has a presence in many specialist energy funds and investment funds in the UK, as well as tracker-type exchange-traded funds.

At least 20 people have been listed as candidates in the Brooklyn Democratic primary without their knowledge

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Over the past year, Savely Kaplinskiy, a 92-year-old Holocaust survivor, has been in and out of hospital.

The Brooklyn resident escaped the Minsk ghetto in Belarus as a young man, suffered two strokes, underwent brain surgery and saw his English repertoire limited to around 100 words, according to his son.

But as Kaplinskiy struggled with his health, his name — unbeknownst to him — appeared on petitions submitted to the city’s Board of Elections last month to run as a candidate for Brooklyn Democratic Party office.

And he was not alone.

The executive director of the New York Immigration Coalition, a 24-year-old financial technology worker and at least 17 other residents of southern Brooklyn and Staten Island were nominated as candidates for the Brooklyn Democratic Party seats without their knowledge, these said. people or their relatives. THE CITY.

Their names appeared on petitions in Brooklyn’s south 46th Assembly District to run for the county committee of the Democratic Party – a body of about 4,000 unpaid, junior party officials across the country. boroughs that select candidates for special elections and vote on party rules. .

The petitions were submitted to the Board of Elections last month in pamphlets bearing the name of Brooklyn Democratic Party Secretary Aaron Maslow.

The phantom names alarm dissident Democrats THE CITY spoke to, who point to recent precedent to warn that placing these ostensible candidates in party office could allow party leaders to grab voting power from members who don’t even know they were elected.

Party reformers have accused the county leadership of bending rules and even resorting to fraud in recent years to retain power in the face of growing internal opposition.

“These people who run who have no knowledge, they [party leaders] can use them to fill their proxy votes at organizational meetings so they can change the rules, they can appoint officers and they can pretty much do whatever they want,” said Julio Peña III, a district leader of Sunset Park allied with the New Kings Democrats insurgent group.

Naming people without their consent may also be illegal, according to New York courts, if it’s more than a stray name here or there. Last year, appeals court judges covering Brooklyn, Queens and Staten Island upheld the dismissal of a ballot request – finding him “impregnated with fraud” due to several candidates appearing on the list without agreeing to run.

Peña added that inserting such “ghost” candidates defeats the purpose of having county committee members, who are ostensibly elected to serve as hyper-local party representatives for their communities.

“I feel like we’re losing what that vision of an engaged Brooklyn Democratic Party is,” Peña said. “It’s being used to seize power instead of actually engaging in our local democracy.”

The allegations of fraud follow a series last month by THE CITY identifying five Brooklyn residents whose signatures were forged during Board of Elections challenges – related to the establishment of the party – which sought to evict potential rivals from the county polling committee.

Two of those complaints from registered voters resulted in a formal complaint to the city’s Board of Elections and a lawsuit filed by an attorney for Rep Your Block, a group representing several of the targeted candidates.

Spokespersons for the Brooklyn Democratic Party did not respond to half a dozen emailed questions early Wednesday.

“I hope it’s a mistake”

Murad Awawdeh and Dina Morra were once active members of the Kings County Democratic Party. In 2018, the couple executed successfully for the Bay Ridge County Committee, their district at the time.

But in February 2020, Awawdeh, a prominent defender of the rights of immigrants, had to give up his post. He was under consideration for a official position of the city, could therefore no longer play the role of a low-level political party. The following year, Awawdeh and Morra moved to Staten Island, making them ineligible to represent their old neighborhood.

That’s why last Friday, the couple were surprised when THE CITY informed them that their names appeared on a 2022 petition form submitted to the Board of Elections using their former Brooklyn address as potential candidates for the committee positions. county they had left behind.

Morra said the list left her confused. “It’s not something I agreed to or signed off on, so it’s weird,” she said.

“I hope it’s a mistake and not something nefarious,” Awawdeh said.

In years past, Brooklyn county committee races have generally been uncontested affairs — which leaves the names of the candidates off the ballots and obscured from the general public.

But as the borough’s Democratic Party establishment faced increasingly organized primary challenges across all districts, committee seats — which are up for grabs every two years — have become increasingly criticism for Brooklyn party chair Rodneyse Bichotte Hermelyn as she fights to hold onto power.

This year, efforts to maintain party control have included questionable techniques that critics say are unethical at best and potentially even fraudulent.

In the case of the five forged signatures on the ballot challenges previously identified by THE CITY, a party-backed mid-level official — 55th Assembly District Leader Anthony T. Jones — took responsibility. He admitted the faulty signatures came from his Democratic club, although he said he did not know which of its members was to blame.

Now, several of the unwitting county committee nominees interviewed by THE CITY have suggested similar unsavory tactics are being used to take advantage of unsuspecting residents, this time in lower Brooklyn.

Igor Kaplinskiy, son of Holocaust survivor Savely, said his father’s condition had deteriorated significantly over the past year – to the point that he would not be able to apply for a job party.

Kaplinskiy, 61, said his father had come closest to engaging in party politics during his previous work as an election worker. He said his father knew nothing of his name appearing on local petitions and was confused by the whole situation.

“He’s never heard of anything like this before,” the younger Kaplinskiy said. “It’s not credit card fraud, of course, but it’s still not good if your name is used to access something.”

Few of the “ghost” candidates contacted by THE CITY had any idea how their names ended up on ballot petitions that were circulated on behalf of 46th Assembly district leaders Dionne Brown-Jordan and Michael Silverman .

Silverman was appointed to replace outgoing district chief Mark Treyger last month, while Brown-Jordan was elected to the seat in 2020.

But a common thread among a number of unwitting candidates is that they had previously served as election officers – hundreds of whom are recommended by district chiefs to the Board of Elections each year.

As of Wednesday, 14 of 20 “ghost” candidates identified by THE CITY remained county committee nominees according to non-final voter records, including Morra. Six candidates, including Kaplinskiy and Awadeh, had been struck off due to conflicting records of name, address or party affiliation kept at the BOE.

Kaplinskiy speaks in Minsk at a memorial for Holocaust victims.
Courtesy of the Kaplinskiy family

Overall, 130 candidates remain on the ballot for county committee positions in the 46th District — including a small number who are not aligned with party leadership.

Brown-Jordan did not respond to a phone call and text message seeking comment, and Silverman did not return a message left for a staffer in his office.

One of the candidates whose name appeared on the petitions without her knowledge said she did not know of any connection between her and the party or its district leaders.

“I don’t like someone using my name for something that I didn’t agree to,” she said, asking that her name not be published. “These people should not be allowed to do what they are doing. As far as I’m concerned, it’s illegal, it’s fraud.

500 back pocket proxy votes

The irregularities in the 46th Assembly District are just the latest chapter in a growing battle for control of the Brooklyn Democratic Party, one of the largest and most influential party apparatuses in the state.

A constant theme is how party leaders have tried to use so-called proxy votes – which are passed from absent county committee members to their delegates – to retain power.

In September 2018, it was only by proxy that party leaders were able to prevent the resurgent faction from gaining enough control to reform party rules and have a say in the establishment’s preferred judicial appointments.

While reports at the time said the vast majority of in-person attendees opposed the political platform of then-party leader Frank Seddio, he held more than 500 proxy votes in his back pocket for win the day.

More recently, in late 2020, as COVID-19 gripped New York, Democratic Party leaders in Brooklyn again attempted to benefit from the proxy system – beginning by instituting an emergency provision that automatically transferred the votes of absent county committee members to the party leadership unless consent was withheld in writing.

At the start of what would turn into a two-part Zoom meeting that lasted 26 hoursparty leaders attempted to appoint hundreds of people to vacancies on the county committee, which would have allowed them to garner a massive number of proxy votes.

This decision was blocked by a state judge.

In an initial vote count at the same meeting to determine whether to pass incremental party rule reforms that included changes to the proxy system, then-leaders said they had enough vote to prevent amendments.

But a recount revealed that one of the party-aligned district chiefs received more proxy votes than he deserved. When those votes were deducted, the insurgents seemed to have won their bet to pass the reforms, which aimed to decentralize power within the party.

However, during the second part of the meeting, a parliamentarian installed in the county canceled the voting results are invalid. A lawsuit filed last year challenging the cancellation was dismissed on procedural grounds.

lic: Expect 0% to 20% increase in LIC 3-6 months after listing: Digant Haria

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“There have been a lot of issues raised by institutional investors or the analyst community. Just before the IPO, LIC was kind of demutualized and the intrinsic value (EV) went from Rs 20,000 crore to around Rs 5 lakh crore and you know VNB margins also increased just before the IPO on the stock market,” says Digant HariaCo-Partner, GreenEdge Heritage


Look at the gray market premium. These are not benchmarks. These are indicative returns. I have been told that the LIC issue is trading at a premium. It looks like the markets are pretty much realizing that LIC is a problem where there is money to be made in the short term, medium term, long term?
Granted, for retailers and policyholders, there’s a nice extra 5% to 8% to be made here. Such excitement is good, it had to be built and when the government is determined to push its greatest enterprise. It’s good and there might be a pop list. But as we’ve discussed many times, LIC is a giant not so used to working with what public market investors want. So, even if there is excitement, some announcements can create more excitement. But yes, we have to be rational in the sense that this is a big business and it will take time to make real profit out of it.

Where do you think LIC would settle three to six months after registration?
This is a difficult question to answer. Even if you’re going to point a gun to my head, I have to put a fork in – somewhere between plus 0% and 20% upside. That’s what I’m looking at when it comes to this stock. The reason is that the government is selling a 3% stake in this and so there will be more to come. As the one-year period recedes, this fear will also begin to accumulate in the stock.

In the meantime, many issues have been raised by institutional investors or the analyst community. Just before the IPO, LIC was kind of demutualized and the intrinsic value (EV) went from Rs 20,000 crore to around Rs 5 lakh crore and you know VNB margins also increased just before the IPO in stock exchange.

Although I don’t think those are really big concerns right now because LIC was governed in a very different way before the IPO and now after the IPO, its profits and everything will be governed from a very different way. It doesn’t bother me too much, but these are too new things and the market will take three, six, nine months to digest this.

Second, what LIC has in its favor is that as the economy opens up, insurance policies need a person to go and sell the policies physically. The next six months could therefore be good for the sector as a whole. I just think the gains we’ll see from IPOs could probably stay and we won’t see a fiasco like the ones we’ve seen in many government listings over the past decade. I would be really calibrated that the prices are right, there is excitement, there is hope, but yeah, let’s see LIC deliver over the next three, six, nine months.

The integrated value is 1:1. This is at a significant discount when it comes to private insurance companies. What will be the impact on the rest of the space?
The rest of space has been consolidating for quite a long time for two reasons; the first is that due to Covid they have had slightly higher claims than their usual trajectory and the second is that the growth has been quite moderate because as we have discussed in the past no one wakes up in the morning to buy insurance.

India is yet another country where insurance must be sold. So both factors are now coming to an end. In some ways the physical economy is opening up, people can meet, people can discuss business and sell insurance and two, claims won’t be as high as we’ve seen in the Covid years.

I think the industry as a whole looks good to me for the next 12 months, but the wild card in the pack here is what LIC is doing in new age insurance products. LIC has generally not been very aggressive in non-participating products like ULIP or credit-linked insurance or personal protection. If LIC decides to go aggressive, then in the longer term, private insurance companies see them as the most profitable products of private insurance companies and their valuations are very high compared to an LIC, because their margins are high because of these products.

If LIC decides to enter these products, I think there could be competition. See in the past we have seen that government companies can never really disrupt the private market very quickly (4:00) slow to react so LIC launched its first ULIP plans on Oct 20 this is still not really picked up from the way a LIC machinery can really push this product so I think LIC needs to train their 13 lakh officers and it will be a slow change.

For private insurers, the next year is looking good and over the next year we will see a lot more interaction from LIC over the next 12 months.

Ultragenyx Reports Incentive Grant Under Nasdaq Listing Rule 5635(c)(4)

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NOVATO, Calif., May 03, 2022 (GLOBE NEWSWIRE) — Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on developing and commercializing novel therapies for rare and ultra-rare diseases, today announced the granting of non-qualified stock options to purchase a total of 20,480 ordinary shares of the company and 11,620 restricted shares of ordinary shares of the company to two newly hired non-executive officers of the company. The awards were approved by the compensation committee of the company’s board of directors and granted under Ultragenyx’s employment incentive plan, with a grant date of May 1, 2022, as incentive materials for new employees entering employment at Ultragenyx as per Nasdaq. Registration Rule 5635(c)(4).

Restricted stock units vest over four years, with 25% of the underlying shares vesting on each anniversary of the grant date, provided the employee is continuously employed by the company on those vesting dates. Stock options vest over four years, with 25% of the shares underlying the option vesting on the first anniversary of the grant date and the remainder vesting in respect of 1/48th of the underlying shares options on each monthly anniversary thereafter, subject to the employee being continuously employed by the Company on such vesting dates. The stock options have a term of ten years and an exercise price of $70.69 per share, equal to the closing price per share of Ultragenyx common stock on April 29, 2022.

About Ultranyx Pharmaceutical Inc.
Ultragenyx is a biopharmaceutical company committed to providing patients with new products for the treatment of serious rare and ultra-rare genetic diseases. The company has built a diverse portfolio of approved therapies and product candidates aimed at treating diseases with high unmet medical needs and clear biology for treatment, for which there are generally no approved therapies that address the underlying disease. underlying.

The company is led by a management team experienced in the development and commercialization of therapies for rare diseases. Ultragenyx’s strategy is based on time- and cost-efficient drug development, with the goal of delivering safe and effective therapies to patients in the shortest possible time.

For more information about Ultragenyx, please visit the company’s website at: www.ultragenyx.com.

Contact Ultragenyx
Investors & Media
Joshua Higa
(415) 475-6370

AYO tanks linked to Iqbal Survived 99% on JSE – before ‘miraculous’ recovery

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Iqbal Surve testifying during the judicial inquiry commission on the public investment company on April 02, 2019.

  • On Tuesday, AYO Technology Solutions’ share price opened at R3.50, before falling to just 3 cents.
  • A single trade for 100 shares triggered the collapse, and the company said it was investigating the transaction.
  • Before the end of trading, two trades took the stock price down to R3.50.

Shares of Iqbal Survé-linked IT group AYO Technology Solutions fell 99% in Tuesday’s trading.

The shares started the day at R3.50 before dropping to 3c minutes after the market opened following a single trade of 100 shares. This left the company valued at just R10.3 million.

AYO spokesperson Kaz Henderson said the company was “aware of a transaction that took place and is investigating it with the JSE.”

According to market analyst Anthony Clark of Small Talk Daily Research, the crisis indicates that the market has no interest in the company’s shares.

He said the bid-ask spread – the difference between the price at which you can buy a stock and the price at which you can sell it – shows how unpopular AYO is.

“The fact that the bid-ask price is 11 cents against R3.43 is an explicit indication that the market has no incentive to buy the stock.”

Clark speculated earlier Tuesday that the company was likely to come into the market to ensure the price didn’t drop 99%.

“It usually happens that way. Whenever the share price of a company associated with Iqbal Survé drops very sharply, they seem to have a miraculous run towards the end of the day, so as not to look too damaging. in terms of mark-to – stock market valuations.” It is an accounting method used to measure the value of assets based on market prices.

Just after 4:00 p.m., the stock rose to R3.50 after two trades of around 2,400 shares.

This brought the company’s market cap down to around R1.2 billion – still a far cry from the R14.7 billion market cap it had when it was listed on the JSE in December 2017.

At the time, the Public Investment Corporation invested R4.3 billion in the venture, an information technology company from Survé’s Sekunjalo stable. The PIC paid R43 a share for a 29% stake in the company.

The PIC has since taken legal action against AYO to force it to return the entire investment plus interest. AYO opposes it.

Besides a calamitous collapse in its share price, its JSE listing was marred in other ways. Two years ago, the JSE fined it R6.5 million for publishing a number of clerical errors in its 2018 interim results, and it subsequently disqualified two former members of the board of directors of the IT group to act as directors of listed companies for five years. to these errors.

Shanghai, Shenzhen self-regulatory rules for bankruptcy, reorganization

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As a growing number of listed companies seek to reorganize their creditor-debtor relationships through bankruptcy, pre-listing rules on the Shanghai and Shenzhen stock exchanges have become inadequate to guide bankruptcy-related operations.

Wang Zhenxiang
Partner
Jingtian and Gongcheng

On March 31, 2022, the two exchanges respectively published the Self-Regulatory Directive – Bankruptcy and Reorganization, which are very similar and will be analyzed in this article as one. The guidelines mainly set out rules on information disclosure, reorganization investment and share exchange aspects for bankrupt listed companies.

The guidelines should apply to all listed companies in bankruptcy. For companies in the pre-reorganization phase, or where the bankruptcy of any majority shareholder, principal shareholder, subsidiary or investee of the listed company threatens to materially affect the value of its securities, the guidelines should also be consulted.

DISCLOSURE OF INFORMATION

Based on the two exchanges’ listing rules for disclosure of information, the guidelines specifically list creditors, directors and reorganization investors as debtors for disclosure of information.

Three forms of information disclosure have been highlighted in the guidelines – regular report, interim report and announcement, as required by corporate bankruptcy law. In a bankruptcy led by an administrator, regular reports must be issued after written confirmation by an administrator, while interim reports must be issued by an administrator under his seal.

In a director-supervised bankruptcy, information must be disclosed in accordance with regulations by the board of directors, the supervisory board and senior management, while the directors are responsible for informing them in a timely manner of related matters and supervising Implementation.

Disclosure of information can be triggered by:

(1) judgments, decisions or announcements rendered by the courts, including those supporting the withdrawal of the plaintiff’s bankruptcy petition; the acceptance or non-acceptance of the application; the appointment of an administrator; convening of the first meeting of creditors; continue or cease operation according to the decision of the administrator before the first meeting of creditors or the decision of the creditors during the meeting; transition from the pre-reorganization to the reorganization, or a change in the bankruptcy procedure (for example, filing for bankruptcy after the failure of the reorganization); approval of the draft reorganization plan or settlement agreement after approval at the meeting of creditors; mandatory approval of the draft reorganization plan at the request of the listed company or the administrator; expiry of the monitoring period; or the completion of the plan of reorganization or settlement agreement.

(2) Various bankruptcy-related claims, including when the board of directors petitions a court to enforce the bankruptcy, or a petition from another party for the bankruptcy of the company; the listed company opposes the creditors’ application for bankruptcy; the plaintiff withdraws his claim before it is accepted by a court; the listed company or the administrator requests the mandatory approval of the draft reorganization plan.

(3) Developments that materially affect interests in the shares of the listed company, including open solicitation of reorganization investors, or the determination of an investor by the director through screening and negotiation; submit the draft plan of reorganization or settlement agreement to the meeting of creditors for consideration; the vote of the meeting of creditors or of the group of capital contributors against the draft plan of reorganization or settlement agreement, and on matters of a second vote or of mandatory approval; property conversion, which becomes disclosable when the conversion plan meets the relevant standards under the listing rules; the full text of equity adjustment plans and operating plans, as well as those requiring separate disclosure; or the inability to execute the plan of reorganization or the settlement agreement.

REORGANIZATION INVESTMENT

Other than by open solicitation, listed companies, after disclosing their reason and rationale, can identify reorganization investors by asking directors to identify candidates and negotiate with them.

As regards the conversion of capital reserves into shares, the guidelines provide that the price of the shares transferred may be less than 80% of the closing price of the share on the day of the signing of the investment contract or the last day of stock Exchange. Listed companies, however, should nevertheless engage financial advisors for their professional advice.

The guidelines highlight the voting percentage and abstention requirements for voting on equity adjustments. Adjustments to contributors’ equity and other issues critical to shareholder rights must be approved by present contributors representing more than two-thirds of the voting rights. If the investor presented is a party related to the majority shareholder of the company, the effective controller or any shareholder holding more than 5% of the shares, director, supervisor or senior officer, such personnel must abstain from voting.

STOCK TRADING

In the event of bankruptcy, listed companies must endeavor to avoid the suspension of trading. Requests can be made on the stock exchange if the suspension is imperative, which should in principle not last more than two trading days, extendable to five if necessary.

When the reorganization plan triggers the mandatory solicitation requirement and does not constitute a scenario within the meaning of the Takeover Regulation which exempts solicitation, the listed company must issue invitations in a timely manner.

If the reorganization investor becomes the controlling shareholder or effective controller of the listed company after acquiring the shares, he must agree not to transfer his shares within 36 months of the acquisition. The controlling shareholder or effective controller, even unchanged, must undertake not to sell their shares within 36 months of the completion of the reorganization plan. For shares obtained by reorganization, the restriction period of 36 months runs from the date of obtaining these shares.

At the end of the reorganization plan, if the listed company has no controlling shareholder or effective controller, the largest shareholder should also agree to respect a restriction period of 36 months. The other investors in the reorganization must undertake not to transfer their shares within 12 months of obtaining these shares.

Wang Zhenxiang is a partner at Jingtian & Gongcheng

collateral

Jingtian and Gongcheng

Room 3001, Area A, China Resources Tower
No.1366 Qianjiang Road, Hangzhou 311500, China

Tel: +86 571 8992 6523

Fax: +86 571 8992 6501

Email: [email protected]

www.jingtian.com

Law.asia Subscription Announcement Red 2022

Start your own human instrumentality project with this Evangelion-themed RTX 3090

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Asus is releasing a limited-edition RTX 3090 24GB GPU inspired by the most confusing and depressing anime of all time, Neon Genesis Evangelion. How much, you ask? Well, Taiwanese retailer, Cool PC (Thank you @momomo_us) has opened pre-orders on the card and will only sell 15 of these GPUs.

The Asus ROG Strix GeForce RTX 3090 O24G Evangelion Edition costs $63,990 TWD or $2,185 USD, which is only slightly more expensive than the Asus ROG Non-animated themed RTX 3090. Each order is accompanied by a ROG Herculx graphics card owner since RTX-3090 is a rather bulky piece of hardware and some PCs need this support.

The aggressive purple and green color scheme is based on EVA-Unit 1, the giant robot that is the series’ protagonist and world’s most annoying boy, Shinji Ikari, pilots. However, hopefully when you remove the lid you won’t find any teeth or weird red slime. One side features the EVA-01 bust while the fans each have a logo for NERV HQ, Unit-1, and ROG.

The product listing (translated from Chinese) makes no mention of lighting, but the GPU it’s based on has LED lights on the top of the unit that can be customized through ROG’s Armory Crate software. The product photos show a subtle red glow which I can only assume is the lights in action and not the GPU waking up to kill the angels.

The one little touch I think EVA fans will like is that the top of the GPU has a long sync bar with the ROG logo in the middle showing 100% sync rate.

In the context of the anime, a sync rate of 100% means that the pilot and his EVA are completely in sync with each other, allowing for maximum ass kicking. What is the vibe you want when installing a graphics card.

Image 1 of 3

EVA themed RTX 3090 in front of a white background.

(Image credit: ROG)
Image 2 of 3

EVA themed RTX 3090 in front of a white background.

(Image credit: ROG)
Image 3 of 3

EVA themed RTX 3090 in front of a white background.

(Image credit: ROG)

CoolPC plans to close pre-orders in four days or once orders are filled, so as of this writing there is still time to pre-order. There’s no word from Asus on a promotion like this coming to North America.

If you’re all-in on anything EVA, CoolPC is running a similar promotion for an Evangelion-themed MSI desktop PC (minus one CPU/GPU) that even comes with your choice of a purple Unit 1 umbrella. or a fanny pack for just over $600.

Share market holiday Sensex, Nifty will remain closed on Eid day Full list of stock market holidays

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Apart from Eid, the exchange will also remain closed for eight days in May due to the traditional weekly holiday.

Sensex and Nifty will not trade on Tuesday. (Photo: Reuters)

The stock market will remain closed on Tuesday due to Eid. Both stock indices Sensex and Nifty will not trade on the public holiday of Id-Ul-Fitr (Ramzan Id), according to BSE India.

Apart from Eid, the exchange will also remain closed for eight days in May due to the traditional weekly holiday. Trading will not take place on Sensex and Nifty on May 7, May 8, May 14, May 15, May 21, May 22, May 28, and May 29.

STOCK MARKET TIMEKEEPING

The stock exchange opens at 9:15 a.m. and the stock exchange closes at 3:30 p.m. This is the regular trading session.

The closing session takes place between 3:30 p.m. and 4:00 p.m.

SCHOLARSHIP HOLIDAYS

1 26-Jan-22 Wednesday republic day
2 01-mar-22 Tuesday Mahashivratri
3 18-mar-22 Friday holi
4 14-Apr-22 Thusday Dr. Baba Saheb Ambedkar Jayanti / Mahavir Jayanti
5 15-Apr-22 Friday Good Friday
6 03-May-22 Tuesday Id-Ul-Fitr (ID of Ramzan)
7 09-aug-22 Tuesday Moharram
8 Aug 15 22 Monday independence day
9 31 Aug 22 Wednesday Ganesh Chaturti
ten 05-Oct-22 Wednesday Dussehra
11 24 Oct 22 Monday Diwali * Laxmi Pujan
12 26 Oct 22 Wednesday Diwali-Balipratipada
13 08-Nov-22 Tuesday Gurunanak Jayanti

READ ALSO | GST collection hits record high amid inflation and global volatility | here’s how

Department of Revenue Switchover to Work Arrangement | Thiruvananthapuram News

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Thiruvananthapuram: A decision by the Additional Chief Secretary (Revenue) A Jayathilak to rescind the secondment of labor scheme employees in the Revenue Department based on the existing rules was frozen within 24 hours of the broadcast of the order. Although the rules do not allow secondment under work arrangements (except for the health service), several employees manage to use the system to benefit from a secondment at their convenience.
The Land Revenue Commissioner, K Biju, had issued an order on April 6 canceling the labor agreement in the department based on the orders of the Revenue Secretary which stated that there are serious allegations that officials of the Department of Revenue Property revenues are largely allocated statewide based on labor agreements. contrary to government guidelines. According to an existing order of the Ministry of Finance, except in the Ministry of Health and Family Welfare, the secondment of employees under the flexible work system is not allowed in government.
However, the very next day after these postings were cancelled, another summons was given by the Revenue Secretary asking the Land Revenue Commissioner to freeze the decision to cancel the working arrangement, until further notice.
The original intention behind the work arrangement was even the distribution of work, on a temporary basis. But gradually, personal conveniences prevailed over the basic idea, and those who worked began to park at the place of their personal convenience, that their home unit had enough manpower. work to spare their services or that the place where they are stationed under the work arrangement requires their services. .
In 1992, the government published for the first time a circular putting an end to the practice of posting within the framework of the flexible work system. In the circular canceling the system, the government then quoted that “the practice of ordering working arrangements has proliferated in recent years, distorting the necessity and pattern of sanctioning arrangements… where the administrative need exists , it must be satisfied by shifting positions under appropriate sanction and not by working arrangement”.
Twenty years later, in 2012, the government issued another ordinance listing fiscal management measures to achieve fiscal consolidation, in which the government slightly modified the previous decision, stating that the secondment of staff on the basis of ‘working regime will not be allowed, but that health and family protection service will be an exception. Despite these standing instructions, the system continued to thrive in many departments like home, surveying, and land revenue.
The departments continue to use the method to stay in the place of their convenience.

Facial hair in struggle? Changes coming to wrestling next season

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High school wrestlers can now have full face and chin hair, provided a skin check can still be performed. Previously, wrestlers were required to be clean shaven except for sideburns and a neatly trimmed mustache.

The change in facial hair requirements was one of three rule changes recommended by the National Federation of State High School Associations (NFHS) wrestling rules committee at its April 3-5 meeting. in Indianapolis, which were subsequently approved by the NFHS Board of Directors.

The revised procedure for facial hair is that skin must be visible to allow a skin check to be performed, as determined by the referee or a designated medical professional on site to oversee skin checks.

In the event that a skin check cannot be performed, a wrestler will be permitted to trim facial hair within the guidelines and must do so prior to competition. A wrestler may also choose to wear a face mask instead of making facial hair adjustments.

Barriers to competition are removed

“We have consistently removed barriers to participation in our sport,” said Elliot Hopkins, director of athletics, sanctions and student services for the NFHS and liaison with the NFHS wrestling rules committee.

Edgewood's Cash Turner takes on Brownsburg's Gavin Garcia at Semi-state on February 12, 2022.

“It started by allowing the optional two-piece uniform, then changing the hair rule, providing options for state associations with three weight class choices for boys, and adding three sets of weight classes. separate for girls and now this change.

“Literally, there’s no rule-based reason a youngster can’t participate. We welcome any student who wants to learn to wrestle without restriction and encourage them to try out for their school team.”

Other Hair-Related Changes

A further change to the 4-2-1 rule allows wrestlers to wear hair-control devices and other ornaments in the hair that are securely attached and do not pose an increased risk to the wrestler or opponents.

“The NFHS Wrestling Rules Committee continues to be on the cutting edge with rule changes that promote participation in our sport,” said NFHS Wrestling Rules Committee Chair Anthony Clarke. “The committee is also working to pass rule changes that make wrestling easier for officials, coaches, wrestlers and fans to understand.”

Shoes, laces may result in a penalty

In the event that a wrestler’s laces come undone or the shoe comes off during a match, a wrestler will now be penalized for stalling. Previously, this situation resulted in a technical violation.

Isaac Ash of Monrovia takes on Evan Seng of Mater Dei at Semi-state on February 12, 2022.

Shoe and lace related infractions are no longer subject to stoppage time and the match will not be stopped to warn or penalize this blocking event. Additionally, violations and two-point stall penalties will not result in the match being stopped to warn or penalize a wrestler.

Changes to women’s uniforms

Changes to 4-1-1 and 4-5-7 have clarified uniform requirements for female wrestlers. Wrestlers should wear a sports bra that completely covers their breasts and minimizes the risk of exposure during weigh-ins and competitions. Additionally, the change also clarifies that compression shirts can be worn under a one-piece suit and are not required for female wrestlers unless necessary to provide full coverage.

A complete list of wrestling rule changes will be available on the NFHS website at www.nfhs.org. Click on “Activities and Sports” at the top of the home page and select “Wrestling”.

According to the NFHS’s most recent survey of high school sports participation, wrestling is the seventh most popular sport among boys with 247,441 participants at 10,843 schools. Additionally, a total of 21,124 girls are involved in sports in 2,890 schools.

Apple Announces HidrateSpark Smart Water Bottle, Here’s What We Know

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Apple announces HidrateSpark smart water bottle
Image credits: Twitter

Apple’s latest product in the accessories area of ​​its US website isn’t another set of AirPods or a keyboard.

Apple includes third-party accessories for a number of product categories on its website, but this may be the first time it has offered a HidrateSpark-branded smart water bottle.

These smart water bottles, as the name suggests, keep you hydrated by tracking your water intake. To take advantage of the smart capabilities of this smart accessory, connect the HidrateSpark via Bluetooth to the Apple Health app.

HidrateSpark smart water bottles are now available exclusively in the United States. Indian buyers might have to wait a bit longer to get their hands on it.

What’s in the Apple HidrateSpark Smart Water Bottle?

Apple HidrateSpark Smart Water Bottle Features

Apple HidrateSpark Smart Water Bottle Features
Image credits: Twitter

The HidrateSpark smart water bottle, available on Apple’s website and retail stores, can track your daily water intake while syncing with Apple Health.

Using LED sensors at the bottom, the gadget helps achieve personalized hydration goals and provides signals to Apple Health whenever water is drunk.

To connect it to Apple Health, download the HidrateSpark app on your iPhone, iPad, or Apple Watch. Following account creation, the app will request access to Apple Health in order to track personal information and other statistics.

If the user drinks water from a source other than the HidrateSpark PRO bottle, it can be included in the data for a more accurate assessment of water consumption.

The bottles ensure that your water is BPA free. They are easily washable with dish water and the sensor can be cleaned with a damp cloth.

The Hidrate Spark 3 smart water bottle is available in three colors: white, yellow and black. It includes a CR2477 lithium battery with a lifespan of approximately six months. The water bottle measures 10.4 x 3 x 3.25 inches.

To use it on your devices, you must have iOS 13 or later, and your Apple Watch must be running watchOS 4.3 or later. It has a Bluetooth 4.0 connection. The smart water bottle, finger loop, battery and instruction booklet are all included in the box.

The HidrateSpark Pro Steel Smart Water Bottle is currently available in two colors: Black and Silver. The smart bottle has a vacuum-insulated stainless steel container and a rechargeable lithium-ion battery that lasts 10-14 days on a single charge and takes approximately 2.5 hours to recharge.

It supports Bluetooth 4.0 and Bluetooth 5.0 connections and can be charged via USB cable. The dimensions of the bottle are 11.3 x 3.8 x 3.8 inches.

To connect to the HidrateSpark app, users must have iOS 12.3 or later on their iPhone and watchOS 4.3 or later on their Apple Watch.

The HidrateSpark Pro smart water bottle is next, with a Tritan plastic seaglass body and green and black color options. To log into the app, the user must have an iPad or iPhone running iOS 12.3 or later, or an Apple Watch running watchOS 4.3 or later.

This water bottle has the same features as the HidrateSpark Pro Steel Smart Water Bottle and measures 10.9 x 2.8 x 2.8 inches.

What is the price of the Apple HidrateSpark smart water bottle?

The smart water bottles are now available in four types on Apple’s US product listing website: HidrateSpark 3, HidrateSpark Pro Steel, HidrateSpark Pro, and HidrateSpark Steel.

The HidrateSpark Pro Steel is the most expensive of these models, costing $79.95, while the Pro version costs $59.95. The other two variants cost $69.95 each.

Read also :

Multibagger stocks: Adani stocks enter the club of the 50 most valued companies this week

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Multibagger stocks: after hitting Market capital of 1 lakh crore, shares of Adani Power and Adani Wilmar entered the list of 50 most valuable companies last week. In the list of India’s 50 Most Valuable Companies, Adani Power ranks 48th with a market capital of 1.08 lakh crore as Adani Wilmar shares sit in 50th place with a market valuation of 1.01 lakh crore.

Over the past fortnight, shares of Adani Power and Adani Wilmar have reached Market capital of 1 lakh crore. Adani Wilmar is the latest Adani title hit 1 lakh crore market valuation. It reached this milestone on April 26, 2022, i.e. Tuesday last week, when it hit 5% of the upper circuit in early morning deals. However, shares of Adani Power reached 1 lakh crore market capital a few sessions earlier in the previous week.

Adani Power Share Price History

Adani Power stock is one of the multibagger stock in 2022. This Adani group stock has risen from around 101 to 283 levels each, registering an increase of around 180% this year. Over the past year, Adani Power’s share price has appreciated by almost 200%. Thus, most of the rally seen in the Adani Power share price is mainly after the start of the new year 2022.

Adani Wilmar Share Price History

Adani Wilmar shares were listed on February 8, 2022 and after listing, they generated a return of approximately 190% for its shareholders. However, if we compare its public issue price of 218 to 230 per share, it jumped about 240% from its upper price range. So, Adani Wilmar is also an IPO multibagger.

These two actions played a pivotal role in helping Indian billionaire Gautam Adani’s net worth rise in 2022. In 2022, Gautam Adani’s net worth jumped by almost $45.3 billion, helping him enter the list of the top 10 billionaires in the world in the Bloomberg Billionaires Index.

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Transaction on Own Shares – Benzinga

0

Trading in Own Shares

April 29, 2022

• • • • • • • • • • • • • • • • •

Shell plc (the “Company”) announces that on 29 April 2022 it has purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased by trading venue:

Date of purchase Number of shares purchased Highest price paid

(GBP)

Lowest price paid

(GBP)

Volume-weighted average price paid per share

(GBP)

Place
04/29/2022 1,000,000 £21.9750 £21.6050 £21.7832 LSE
04/29/2022 600,000 £21.9750 £21.6,000 £21.7834 BATS (BXE)
04/29/2022 400,000 £21.9650 £21.6050 £21.7824 Chi-X (CXE)

These share purchases are part of the Company’s share repurchase agreement previously announced on February 3, 2022

With respect to this agreement, Citigroup Global Markets Limited will make trading decisions regarding the Company’s securities independently of the Company for a period from February 3, 2022 to May 4, 2022 inclusive.

Such purchases of shares will be made within certain pre-defined parameters and in accordance with the general authority of the Company for the repurchase of shares, Chapter 12 of the Listing Rules and Article 5 of the Rules on market abuse 596/2014/EU dealing with takeover. programs (“EU MAR”) and EU MAR as “integrated” into UK law from the end of the Brexit transition period (31st December 2020 23:00) through the Union Act 2018 European Union (Withdrawal Agreement) Act 2020 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, renewed, substituted or superseded by the relevant regulatory instruments (including the Market Abuse (Amendment) (Leaving the EU) (SI 2019/310)), from time to time (“UK MAR”) and Commission Delegated Regulation (EU) 2016/1052 (the “Regulation of EU MAR delegation”) and the EU MAR delegated regulation as “integrated” into UK law from the end of the Brexit transition period (December 31, 2020 at 11:00 p.m.) via the European Union (With withdrawal) Law of 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, renewed, s substituted or superseded by relevant statutory instruments (including the Market Abuse (Amendment) (Exit EU) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a full breakdown of the individual transactions effected by Citigroup Global Markets Limited on behalf of the Company under the Repurchase Agreement is detailed below.

Requests

International Media: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

Shell plc LEI number: 21380068P1DRHMJ8KU70

Classification: Acquisition or sale of own shares of the issuer

Snapchat’s Dress Up feature turns your phone into an AR shopping mall

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It’s becoming a fundamental law of the internet: where people socialize, they should also shop. Instagram, TikTok, YouTube, Facebook, Twitter, Pinterest and pretty much every other social media and messaging app on the planet have spent the last two years trying to turn every pixel in your chats and photos into a shopping opportunity in one. click.

Snap’s plans on this front are more ambitious than most. It tries to take the whole shopping experience – you see a shirt you like on a stranger, figure out what it is and where to buy it, try it on, buy it, wear it, send it back because everything looks better on Ryan Reynolds than you, rinse and repeat – and direct it through Snap’s AR camera. With Camera Kit, most of these technologies can also work on brand websites and retailer apps. And there’s always – always – a buy button.

It’s a lot to do, but Snap is moving fast. The company announced at its annual Creators Summit on Thursday that it’s expanding its AR try-on features that let users use their cameras to virtually try on eyewear and clothing, and it’s also creating an in-app hub. app called Dress Up which she hopes can be something like the future of the mall.

Dress Up isn’t meant to be like a simple catalog of things to buy, although it certainly is. Snap hopes it can be a little more fun and experiential than your average Amazon page. “It’s not just a product feed shopping tab,” Carolina Navas, head of AR strategy and product marketing at Snap, said in an interview. “Now there’s a really essential utility use case that we’re focusing on driving as well, because obviously buying stuff is how everybody gets paid,” but it There’s also a huge area of ​​fashion that involves expressing yourself and asking friends for advice and having fun with friends.”

Dress Up is Snapchat’s new hub for all your shopping needs.
Picture: Snapchat

When you open the Dress Up hub and choose an item, you’ll be able to try it on through Snap’s AR lenses, as well as take a picture of how it looks and share it with friends to get their feedback. Dress Up will also feature designer content, as well as brand tips and insights, all changing based on what you like, how you use the platform, and even where you are. And everywhere, everything can be purchased with a click or two.

AR shopping as a concept might seem a bit hokey – how often do you really need to AR a couch in your living room to see if it’s right for you? — but Snap says it’s starting to catch on. More than 250 million users have used AR shopping lenses more than 5 billion times in total, and Snap says its data shows that these lenses convert a much higher percentage of potential buyers than normal advertising. And Navas said the appeal comes down to the idea that shopping is more than just buying. “A lot of people think the purchase funnel ends at the purchase,” she said, “but that’s the beginning of the customer experience for a brand or retailer selling a product” . She mentioned a company, Too Faced Cosmetics, that lets users scan their new eyeshadow palette with the Snapchat camera for a tutorial on how to use it.

The big challenge for Snap will be to grow its catalog to bring everything people can buy into these AR experiences. Until now, it’s taken a lot of specialized work to create three-dimensional digital versions of everything you do, but Snap is trying to make it easier. He announced a new technology called Snap AR Image Processing, which is exactly what it sounds like: it uses machine learning to take regular product photos and turn them into 3D models. The tech comes from Forma, a virtual fitting company that Snap quietly acquired to improve its fitting experiences. All users need to do is take a full body selfie and they can try almost anything.


Snap can now turn any product image into a 3D model.
Picture: Snap

Snap has been working on the technology for about 18 months, Navas said, and tested it with a few brands before rolling it out to other companies this year. “The actual process of building an AR lens has gone from an 8-12 week experience to minutes.” The technology is new but impressive, she said, and, when combined with user-entered height and weight information and whether this augmented reality-adaptive shirt fits actually to real life, it can improve quickly.

Snap, like every other platform trying to embrace in-app purchases, needs to be careful not to let the shopping experience overtake everything else. Snapchat users might like shopping for the looks of their friends and favorite celebrities, but they’ll love that every photo they send is hidden behind a hundred buttons telling you where to buy their eye shadow, necklace and hair. plant behind them. Navas said that’s part of the reason Snap created its own Dress Up tab, rather than unnecessarily embedding the feature everywhere else.

But she’s also pretty confident that people like to shop. A lot. “We meet people whose mindset isn’t just, ‘I’m coming to this tab to buy a pair of Prada sunglasses.’ It’s “I come here to explore, have fun, and discover products along the way.”


Related:

Philippine Fund: List of Top 100 Shareholders (Common Shares)

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The Exchange does not warrant or assume any responsibility for the accuracy of the facts and statements contained in any corporate disclosures, including financial reports. All data contained herein is prepared and submitted by the Disclosing Party to the Exchange, and is being released for informational purposes only. Any questions about the data contained herein should be directed directly to the disclosing party’s corporate information officer.


Philippine Funds, Inc.FFI

PSE Disclosure Form 17-12-A – List of Top 100 Shareholders (Common Shares) Reference: Section 17.12 of the Revised Disclosure Rules

Type of titles

For the period ended

March 31, 2022

Description of disclosure

List of the first 100 shareholders of FFI

Number of common shares issued and outstanding

105 272 397

Number of treasury ordinary shares, if any

55,105,000

Number of common shares outstanding

50,167,397

Number of common shares listed

105 272 397

Number of ordinary shares lodged

44,338,771

PCD Nominee – Filipino

44,112,635

PCD Nominee – Non-Filipino

226 136

Number of common shares with certificate

60,933,626

Change from previous submission

The number of shares filed and certified has changed from the December figures.
1. Number of ordinary shares lodged – 44,333,088
2, Number of common shares with certificate – 60,939,309

Filed on behalf of:

name

Jonna Llaguno

Designation

Compliance Officer

Warning

Philippine Fund Inc. published this content on April 28, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on April 28, 2022 09:44:01 UTC.

Public now 2022

All the latest from FILIPINO FUND, INC.

Sales

Net revenue

Net debt

P/E ratio
Yield
Capitalization 327M
6.26M
6.26M
EV / Sales -1
EV / Sales 0
# of employees
Floating 47.1%

Chart FILIPINO FUND, INC.


Duration :

Period :




Filipino Fund, Inc. Technical Analysis Chart |  MarketScreener



Evolution of the income statement


How to Install Android 13 Beta Right Now (All Working Methods)

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After releasing two developer previews of Android 13, Google is now rolling out the first beta of Android 13 to eligible Pixel phones ahead of Google I/O 2022. If you have a supported Pixel phone, you can try the upcoming Android 13 in the beta. channel right now. In this article, we have detailed the steps on how to install Android 13 first beta on your Pixel phone.

How to Install Android 13 Beta (2022)

Pixel phones compatible with Android 13

The following Pixel phones will receive the Android 13 update directly from Google. This time, Google drops support for Pixel 3a and 3a XL. See the full list of supported Android 13 Pixel devices below:

  • Google Pixel 4
  • Google Pixel 4XL
  • Pixel 4a
  • Google Pixel 4a (5G)
  • Google Pixel 5
  • Pixel 5a (5G)
  • Google Pixel 6
  • Google Pixel 6 Pro
  • Pixel 6a (likely launched with Android 13)

Install Android 13 Beta Using Android Beta Program

Unlike the developer preview builds of Android 13, Google offers an official OTA program for beta builds. This way, you can choose to join the beta program and get new beta updates as soon as they leave. Follow the steps below to register for the Android 13 Beta OTA program.

1. Visit Google’s Android 13 Beta Program website and sign in with your Google account. You will now see a list of all your eligible devices under the “Devices” section. Click on the “Opt in” button present under the name of your device to sign up for the Android 13 beta OTA update. You can also opt out of the beta program later from this page.

2. After signing up for the beta program, wait a few minutes for the OTA to reach your Pixel phone. You can manually check for updates from Settings -> System -> System Update.

check for system updates

3. Once the update arrives, download it and wait for the installation process to complete. Restart the phone after the update to start using Android 13 beta on your Pixel phone.

reboot after installing android 13 beta

Sideloading Android 13 Beta OTA Image

If you prefer to manually install the OTA image instead of signing up for the official OTA, you can do that too. It is worth pointing out sideloading image OTA does not wipe your phone. Also, you don’t need to unlock your bootloader to install the OTA image, making it a convenient method to install the Android 13 beta.

Beforehand, make sure you have installed ADB on your PC and enabled USB debugging on your phone from Settings -> Developer Options -> Enable USB Debugging. If you don’t see developer options, you can tap Settings -> About phone -> Build number seven times to activate it. With that out of the way, follow the steps below to sideload Android 13 beta OTA:

  • Download Android 13 beta OTA image for your Pixel phone from Google OTA Downloads Portal. You need to place the downloaded image in the folder where you installed ADB on your PC. Next, open a command prompt window in the ADB folder and use the following command to reboot into recovery mode:
adb reboot recovery
How to install Android 13 Beta on your phone
  • You will now see the “No command” screen with the Android logo. Press and hold the power and volume up buttons for a while and release the volume up button followed by the power button to fully enter recovery mode. After the phone restarts in recovery mode, choose the option “Apply update from ADB”. You can use the volume buttons to move up and down and the power button to make a selection in recovery mode.
apply adb update
  • To start the installation process, use the following ADB command on your PC. Right here, refers to the Android 13 beta OTA image you downloaded earlier. For simplicity, you can rename the zip file to “update” or “Android 13”, although directly pasting the file name also works fine.
adb sideload .zip
sideload android 13 image ota

Once the installation process is complete, choose “Reboot system now” to restart your Pixel. Your phone should now boot to Android 13 beta and you can pick up where you left off.

Install Android 13 Beta Using Android Flash Tool

Another method to install the Android 13 beta is to use the Android Flash tool. To start, check if you have enabled USB debugging and OEM unlock on your phone from Settings -> Developer Options. Once done, follow the steps below:

How to install Android 13 Beta on your phone
  • You will now see a pop-up prompting you to allow access to ADB keys. Click on “Allow ADB access” and allow USB debugging prompt from your Pixel phone.
How to install Android 13 Beta on your phone
  • Click “Add New Device” to link your Pixel phone to the Flash Tool.
How to install Android 13 Beta on your phone
  • A prompt will now appear in the upper left corner of your browser. Choose your Pixel phone and click “Connect” to connect your device.
connect device to adb
  • Choose “Android 13 beta 1” as the target build in the list of available builds. Although it does not show Android 13 Beta 1 in the screenshot below since the device is already on Beta 1, you will see the Beta 1 listing on your side.
browse available versions
  • By default, Android Flash Tool wipes your phone and relocks your bootloader. By tapping the pencil icon next to the build number, you have the option to change the settings. To finish, click on “Install version” to start the installation process.
install build using flash tool
  • If all is well, you will see the “Install completed. The version was successfully installed. You can now safely unplug your device » message in the flash tool. Your phone should now be running Android 13 Beta.

Install Android 13 Beta Factory Image

Installing Android 13 beta using a factory image is also a possibility you might consider. This method is ideal for those using a Pixel device with an unlocked bootloader. After making sure you have enabled USB debugging, follow the steps below to install Android 13 from a factory image:

  • First you need to download the factory image of your Pixel from Google Factory Image Download Portal. Extract the downloaded zip file to your ADB installation folder. The install script clears the data by default, but you can choose to keep the data. To do this, edit the flash-all.sh or flash-all.bat (Windows) file and remove the “-w” flag using a text editor.
  • Open a command prompt window in the ADB installation folder and use the following command to reboot into fastboot mode.
adb reboot bootloader
  • Double-click ‘flash-all.bat’ if you are on Windows or run the ‘flash-all’ command if you are on macOS or Linux to begin installing the Android 13 factory image. installation complete, your phone will boot to Android 13 beta.

What is the easiest way to install Android 13 Beta?

The easiest way to install the Android 13 beta is through the Beta OTA program. Sign up for the program and you will receive the version in a moment. If you are comfortable with ADB commands, sideloading the OTA image is the next best method. Although the initial setup may take a few minutes, installing the release is as easy as running a simple ADB command.

Then there’s the Flash Tool method, ideal for those with a reliable internet connection. Meanwhile, the factory image method is for those who are already used to tinkering with their devices and have an unlocked bootloader. Among all these methods, you can choose the one that suits you best.

Install Android 13 Beta on your phone

That brings us to the end of this Android 13 installation guide. If you encounter any errors or obstacles during the installation process, please let us know in the comments and we will try to help you. . If you don’t have a compatible Pixel phone, be sure to browse our Android 13 coverage to stay up to date with all the major features Google has planned to introduce in this iteration of Android.

9th Circumscription Says estate agent group faces antitrust lawsuit from Rival

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By Khorri Atkinson (April 26, 2022, 6:25 p.m. EDT) — The Ninth Circuit on Tuesday revived PLS.com’s antitrust lawsuit challenging the National Association of Realtors’ policy prohibiting members from marketing private properties without using the service. association listing, ruling that competing real estate website correctly alleged anti-competitive effect in violation of Sherman Act.

A three-judge panel said in a published opinion that a California district court erred in dismissing the case last year on the grounds that PLS failed to show antitrust harm because it did not alleges no harm to buyers or sellers of homes. The gist of PLS’s argument is that NAR’s “clear cooperation policy” has…

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Crypto ETFs encounter a listing problem

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Kanish Chugh, head of distribution at ETF Securities, confirmed that the company’s ongoing launch of its 21-stock Bitcoin ETF and 21-stock Ethereum ETF is subject to a “temporary delay.”

“The delay is in no way the fault of ETF Securities, our ETFs, or the exchange,” Chugh said. The Australian Financial Review. “We believe the issue affects all fund managers equally and has taken everyone by surprise. We are working to resolve this issue as soon as possible and remain on track to launch the first bitcoin and ethereum ETFs from Australia.

‘Downstream service provider’

Instead, the blame was placed on a “downstream service provider” who needed more time to support product trading. Cosmos and ETF Securities declined to name or even describe the service provider.

But it is understood that the entity maintaining the transaction for both firms is a “prime” or “executing” broker whose approval is required for the market maker – a designated market infrastructure provider who sets daily the bid and ask prices of ETFs – to ensure the proper functioning of the market.

Lawyers for Cosmos and ETF Securities locked themselves in over the Anzac Day long weekend in negotiations with Cboe and affected market makers and brokers. Market makers registered with Cboe include Citi, Flow Traders, Nine Mile Financial, Susquehanna and Virtu Financial.

A Cosmos spokesperson said, “Cosmos AM has stock exchange approval to begin quoting and we are working toward that.” The company, which is owned by bitcoin miner Mawson Infrastructure Group, declined to comment further.

But sources close to the Cosmos camp said they hoped the chosen structure — buying units in the existing Toronto Stock Exchange-listed Purpose Bitcoin ETF instead of directly in bitcoin — would be more palatable to the prime broker. , allowing him to register before his rival.

ETF Securities’ chief product officer, Evan Metcalf, said the company was “disappointed by this setback”, while its pioneering chairman, Graham Tuckwell, who launched the world’s first gold ETF in 2003, had previously said that crypto ETFs faced the longest processing time ever in his long career.

Mr Tuckwell claimed in January that ASX Clear, the independent clearing arm of the Australian Securities Exchange, was behind the months-long delay in a bid to provide a competitive advantage to its parent company, which also intends to list crypto ETFs in the near future.

ASX Clear ‘good to go’

But ASX Clear announced last week that it would begin clearing crypto ETFs on Cboe from April 27 and its stance has not changed despite the delay.

“ASX Clear is good to go,” an ASX spokesperson said. “The business is now in the hands of the trading platforms (in this case, Cboe) and their issuers and brokers.”

Fund managers including VanEck Australia, BetaShares and Monochrome Asset Management have applied to list the crypto ETFs on the major ASX exchange, but have yet to file product disclosure statements with the Australian Securities Commission and investments.

Last October, ASIC issued market guidelines allowing the production and trading of ETFs backed by cryptocurrencies, but limited the market to large-cap crypto assets bitcoin and ether.

Global market regulators, including the United States, have yet to approve trading in crypto ETFs.

the Financial analysis revealed on Monday that the first batch of crypto ETFs will be the most expensive in its class of listed funds in Australia, either passively managed or index-tracked.

TB Acquisition: Announces Receipt of NASDAQ Continuing Listing Standard Notice – Form 8-K

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TB SA Acquisition Corp Announces Receipt of NASDAQ Standard Continuing Listing Notice

NEW YORK – April 25, 2022 – TB SA Acquisition Corp (Nasdaq: TBSA) (the “Company”) (the “Company”) announced today that on April 19, 2022, it received a deficiency letter from The Nasdaq Stock Market LLC (“Nasdaq” ) regarding the Company’s failure to timely file its annual report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”), as required by Section 5250(c) of the Nasdaq Rules for the Qualification, Listing and Delisting of Companies (the “Nasdaq Listing Rules”).

On April 1, 2022, the Company filed a late filing notice on Form 12b-25 (the “Form 12b-25”), indicating that the filing of its Form 10-K will be delayed. Although the Company has devoted significant resources to completing the finalization of its audited consolidated financial statements and related disclosures for inclusion in Form 10-K, the Company has been unable to complete and file the Form 10-K before April 15, 2022, the extension period provided by Form 12b-25. The Company needs additional time to complete its review of the financial statements included in Form 10-K to ensure a complete and accurate annual report. The delay is primarily due to the additional information and investigation required in relation to the Company’s financial statements to complete the audit.

During its audit, the Company identified material weaknesses in its internal control over financial reporting related to its accounting for complex financial instruments and over the assessment of vesting conditions and recording of stock-based compensation expense. . This additional decision and related work and proceedings have caused the Company to require additional time beyond the 15-day period provided by Rule 12b-25 to complete and file the Form 10-K.

Under Nasdaq Listing Rule 5810(c)(2)(F)(i), the Company generally has up to 60 calendar days from the date of the Letter of Deficiency to submit to Nasdaq a plan (the “Compliance Plan”) to restore compliance with the Nasdaq listing rules. The Company intends to submit the compliance plan as soon as possible.

The Company complies with all other Nasdaq continuous listing standards. The Company expects to file Form 10-K in the very near future and does not foresee any risk of non-compliance with the Nasdaq 60-day correction deadline. The Nasdaq notice has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq.

Caution Regarding Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor thereby created. In some instances, forward-looking statements may be identified by words such as “may”, “will”, “could”, “would”, “should”, “expect”, “plan”, “anticipate”, “intends”, “believes”, “estimates”, “predicts”, “potential”, “prospect”, “orientation” or the negative of these terms or any other comparable terminology. These statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. What precedes

1

statements regarding the impact of the statement on the company’s financial statements, as well as the effect of the revision on any periodic filings with the SEC, including the timing of filing of Form 10-K, are forward-looking statements based on the current situation of the company. expectations. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those mentioned in the forward-looking statements, many of which are beyond the control of the Company. These factors include, but are not limited to, a variety of risk factors affecting the Company’s business and prospects, see the section entitled “Risk Factors” in the Company’s prospectus filed with the SEC on March 24 2021 and subsequent reports filed with the SEC, as amended from time to time. Any forward-looking statement is made only as of the date hereof and, except as otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Media Contacts

James Crawley

+1 (345) 814-5771

Email: [email protected]

2

Campus Activewear Ipo: Gmp rises as issue opens this week

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The Campus Activewear IPO (Initial Public Offering) will open on April 26, 2022 and will remain open to subscribers until April 28, 2022. However, the gray market has already started reporting in regards to the public offering a value of 1400.14 crore. According to market watchers, the Campus Activewear stock price is quoted at a premium of 60 on the gray market today. They said that Campus Activewear IPO GMP went from 53 and this indicates that the gray market is expecting a strong response from the public issue.

Campus Activewear IPO GMP

Market watchers said Campus Activewear IPO GMP (grey market premium) is today 60, which is 7 more than his gray market bounty from yesterday 53. Observers added that the gray market premium for the Campus Activewear IPO has been hovering around 18-20% over the past three days, signaling a strong response for the IPO during its opening. They said that despite weak secondary markets, gray market sentiment towards the Campus Activewear IPO remained more or less the same, reflecting an increase in the Campus Activewear IPO. Activewear GMP once there is a trend reversal in the stock market.

What do these GMPs mean?

According to market watchers, Campus Activewear IPO GMP is today 60, which means the gray market expects this IPO to trade around 352 ( 292 + 60), about 20% more than its upper price range of 292 per share. They said the Campus Activewear IP gray market premium being at such high levels before subscription opened is a good sign. This may be reflected in the strong take-up of the IPO when it opened on April 26.

However, stock market experts have advised investors to trust the company’s balance sheet rather than gray market sentiments. They stated that the gray market premium of a public offering is an unofficial data that signals the expected premium of the IPO on a given date. It keeps changing and it has nothing to do with the company’s balance sheet. It is the balance sheet of the company that gives a concrete idea of ​​the fundamentals of the company.

Speaking on the actual fundamentals of Campus Activewear Limited; Saurabh Joshi, Research Analyst at Marwadi Financial Services, said, “Given the TTM (December 21) EPS of 3.12 on a post-issue basis, the company will list at a P/E of 93.72x with a market capitalization of Rs.88,863mn while its peers, namely Relaxo Footwear and Bata India Ltd, are trading at a PE of 103x and 357x. We are assigning a ‘Subscribe’ rating to this IPO as the company is the largest sports and athletic footwear brand with 17% market share by value in India. Furthermore, it is available at a reasonable valuation compared to its peers.

Warning: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

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24-year-old Varysburg man charged with repeated impaired driving

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A 24-year-old Wyoming County man is under arrest, facing drunk driving charges for at least the second time in a decade, after an alleged incident in Sheldon, New York.

New York State Troopers were called to the scene of a car accident on State Route 98 at approximately 8:00 p.m. Thursday, April 21, 2022. In Sheldon, SR-98 is also part from North Main Street and South Main Street.

During their investigation, the police learned that in addition to the accident vehicle, two parked vehicles had been affected. In a written statement from New York State Police troopers, officers said that upon questioning the driver, identified as Kodie R. Skeels of Varysburg, “about the crash, an odor of alcohol was detected. Skeels was arrested after failing (Standardized Field Sobriety Tests).”

Soldiers say Skeels then became uncooperative when they tried to take him into custody. An incident that the police describe as a “scuffle” took place. He was eventually brought in for evaluation at Wyoming County Community Hospital for evaluation. Upon his release from the hospital, he was taken to the State Police Barracks in Warsaw, New York, for treatment.

Skeels received several tickets. He now faces multiple charges, including driving while intoxicated with a prior conviction within ten years and resisting arrest.

Skeels is due to answer charges in court on May 23, 2022.

[AUTHOR’S NOTE:   This post is for informational purposes and is based largely on information received from the New York State Police.  The reader is reminded that all suspects and arrested persons are innocent unless proven guilty in a court of law.  At the time of this posting no additional information is available.]

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Maple Ridge man wants better home building and inspection rules – Maple Ridge News

0


Share your opinion by e-mail, via our website or by post. (Black Press Media files)

LETTER: Maple Ridge man wants better home building and inspection rules

Homeowners can’t count on government to help them protect their most valuable asset: author of letter



Dear Editor,

Local governments in British Columbia that regulate construction enjoy a high degree of individual autonomy. They may require that permits be obtained for work governed by their building regulations and that inspections be carried out. But they are not required to complete the permitting process or issue reports to homeowners and homebuyers on the status of issued permits. This results in a lack of critical information that can expose homebuyers to the kind of horror stories Selena Robinson has heard and spoken about publicly.

But homebuyers can’t rely on governments to protect the most valuable investment most will ever make. Nothing prevents listing and selling homes with incomplete/unaccepted inspections or notifying buyers of building permit status.

The lack of provincial oversight of building regulation requirements and local government inspection activities exposes homebuyers to potential building defects that may not become known for decades.

Local government officials have chosen to regulate building regulations in the public interest for the health, safety and protection of persons or property, not for the benefit of builders or sales agents.

Until homebuyers receive the information they need to make an informed decision, no amount of cooling off time will solve this problem.

David MacPhail, Maple Ridge

.

• LEARN MORE: Provincial government set to impose cooling-off period on real estate

• LEARN MORE: How many homebuyers think about looking for bamboo on the property?

.


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Arcturus Therapeutics Announces Incentive Grant Under Nasdaq Listing Rule 5635(c)(4)

0

SAN DIEGO–(BUSINESS WIRE)–Arcturus Therapeutics Holdings Inc. (the “Company”, “Arcturus”, Nasdaq: ARCT), a global late-stage clinical messenger RNA drug company focused on infectious disease vaccine development and significant opportunities in rare liver and respiratory diseases, today announced that the Company’s Board of Directors Compensation Committee and the Company’s Board of Directors have approved incentive stock option grants to purchase a total of 60,400 shares of Arcturus common stock from four newly hired employees. The equity awards were granted pursuant to the incentive award exception of Nasdaq Rule 5635(c)(4) as part of each individual’s employment compensation and were granted as as an incentive to accept employment with the Company.

The options have an exercise price equal to $25.24 per share, the closing price of the Company’s common stock as reported by Nasdaq on April 18, 2022. The options have a term of ten years and vest over four years, with 25% of the number of shares underlying the stock option vesting on the first anniversary of the applicable vesting start date (based on the quarter in which employment of the relevant employee has commenced) and the remaining shares vest monthly for 36 months thereafter. Stock awards are subject to each individual’s continuous service with the Company through the applicable vesting dates.

About Arcturus Therapeutics

Founded in 2013 and based in San Diego, California, Arcturus Therapeutics Holdings Inc. (Nasdaq: ARCT) is a clinical-stage mRNA drug and vaccine company with enabling technologies: (i) LUNAR® lipid-mediated delivery, (ii) STARR™ mRNA technology and (iii) mRNA drug substance and drug manufacturing expertise. Arcturus’ diverse portfolio of RNA therapeutics and vaccine candidates includes mRNA vaccine programs against SARS-CoV-2 (COVID-19) and influenza, and other programs to potentially treat ornithine transcarbamylase deficiency (OTC) and Cystic Fibrosis, as well as partner programs including Type III Glycogen Storage Disease, Hepatitis B Virus, and Non-Alcoholic Steatohepatitis (NASH). Arcturus’ versatile RNA therapeutic platforms can be applied to multiple types of nucleic acid drugs, including messenger RNA, small interfering RNA, replicon RNA, antisense RNA, microRNA, DNA and gene editing therapies. Arcturus technologies are covered by its extensive patent portfolio (patents and patent applications granted in the United States, Europe, Japan, China and other countries). Arcturus’ commitment to the development of novel RNA-based therapies has led to collaborations with Janssen Pharmaceuticals, Inc., part of the Janssen Pharmaceutical Companies of Johnson & Johnson, Ultragenyx Pharmaceutical, Inc., Takeda Pharmaceutical Company Limited, CureVac AG, Duke-NUS Medical School and the Cystic Fibrosis Foundation. For more information, visit www.ArcturusRx.com. Also, please contact us at Twitter and LinkedIn.

Forward-looking statements

This press release contains forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release releases, are forward-looking. statements, including those regarding strategy, future operations, collaborations, likelihood of success (including safety and efficacy) of the Company’s pipeline, likelihood of patent issuance from any application for patent and the impact of general business and economic conditions. Arcturus may not actually achieve the plans, achieve the intentions or meet the expectations or projections disclosed in forward-looking statements such as the foregoing and you should not place undue reliance on such forward-looking statements. These statements are based on management’s current expectations and involve risks and uncertainties, including those discussed under “Risk Factors” in Arcturus’s most recent Annual Report on Form 10-K, and in filings. or subsequently filed with the SEC, which are available on the SEC’s website at www.sec.gov. Except as required by law, Arcturus disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date on which they were made, whether as a result of new information, future events or circumstances or otherwise.

Chinese stocks fall again; Pandemic sparks growth concerns, thins ranks of billionaires

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Shares of Bellwether China fell again in the United States today after a large decline in share prices in the country on Thursday, amid concerns about the impact of the country’s “zero-Covid” policies on economic growth and corporate profits.

The Shanghai Stock Exchange‘s main index fell 2.26% on Thursday to 3,079.81. It has lost 11% in the past month and is approaching a two-year low. In the US today, major Chinese internet stocks fell: Alibaba lost 3.4% to $85.99; Pinduoduo plunged more dramatically 6.9% to $34.75 and lost almost three-quarters of its value over the past year.

Investors who were hoping for a new Covid or President Xi Jinping’s economic policies in a speech at a high-level Chinese economic conference yesterday didn’t get it. His presentation did not appear to suggest a change in Covid policy and also offered no compromise on Beijing’s support for Russia which has added to tensions in China’s relations with Washington following the invasion of China. Ukraine via Moscow. Xi spoke after the IMF earlier this week cut its economic growth forecast for China this year to 4.4% from 4.8% on the fallout from the pandemic.

China had 19,458 new Covid cases yesterday, mostly in Shanghai. Slices of the once bustling commercial and financial hub have fallen silent amid lockdowns affecting its 26 million people.

Real estate stocks already hammered by oversupply and debt problems remained weak. In U.S. trading, Beijing-headquartered KE Holdings, one of the world’s largest real estate brokerage chains, plunged 7.8% to $11.87 and lost 78% last year.

Travel stocks were also affected. Shanghai-based Huazhu, a hotel network operator chaired by Chinese billionaire Ji Qi, fell 9.6% to $29.14 in New York. The small chain GreenTree Hospitality, also based in Shanghai, lost 7.3% to 4.18 dollars in New York. Shanghai Jin Jiang International Hotels fell 4% to 52.55 yuan on the Shanghai Stock Exchange yesterday. Among airlines, China Eastern fell 3.6% on the New York Stock Exchange to $15.97.

Although a decline in stocks pushed down the number of billionaires in China from a year earlier, the mainland still ranked No. 2 with 539 members of the Forbes 2022 billionaires list released earlier this month- this. We used stock prices and exchange rates as of March 11, 2022 to calculate these net values; further declines in Chinese stock prices have thinned the country’s ranks since the list was released. Among those listed to fall below the $1 billion threshold, Zhong Baoshan, chairman of solar cell maker LONGi Green Energy, saw his fortune drop to $927 million yesterday, from $1.1 billion on the list. The fortune of newcomer Xu Gang, chairman of titanium dioxide pigments Lomon Billions Group, slipped to $985 million from around $1.3 billion on the listing.

See related articles:

China’s 10 richest billionaires

China names 17 members to Forbes Midas 2022 list

@rfannerychina

Google rings the death bell for third-party call recording apps once and for all

0

It was getting harder and harder to record calls for third-party apps, and soon it might be impossible


The Google Phone app that comes pre-installed on the latest Pixel handsets and many other premium Android phones has the ability to record calls in some regions, at least where it’s legal. In the rest of the world and on phones that don’t have built-in features, you’ll have to rely on third-party apps for recording instead. However, it looks like Google is going to crack down on these services, preventing them from using Accessibility Services for this purpose.

As one discovered Editor, an upcoming Play Store policy that was first announced in early April will prohibit apps from using Accessibility APIs for call recording. That is, if they want to distribute their apps on the Google storefront. Politics clearly indicates that “the Accessibility API is not designed and cannot be requested for audio recording of remote calls”. Additionally, API usage should be documented in the Play Store listing, and apps that aren’t designed with accessibility use cases in mind should primarily add disclaimers and require users’ explicit consent before they can be used. These new rules will come into force on May 11, 2022.

ANDROIDPOLICE VIDEO OF THE DAY

In a online seminar, Google further explains what the changes will mean. In it, a Google Play Trust & Safety employee explains that the new policy will specifically affect apps used to record calls with the person on the other end who is unaware of the recording, which does not is usually only possible with third-party apps. This contrasts with preloaded and default apps, which don’t need accessibility services to enable this feature, like Google Phone, for example.

Google has been cracking down on third-party recording apps for years. After the company removed the official call recording API from Android in version 6 Marshmallow, it further restricted access to phone audio in Android 9 Pie by deprecating more APIs. Developers have since turned to Accessibility Services, but with those steered clear of those who want to distribute their apps through the Play Store, third-party call recording may soon be ruled out altogether, at least for now. everyone who gets their apps from the play store.

So far, it’s unclear if apps that continue to use this method will be banned from the Play Store altogether or if there’s a grace period extending beyond May 11. We expect apps to follow this guideline when released or updated after this date, but Google may also ban distribution altogether.

We contacted Google for comment.


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About the Author

Application for New Listing on TSX Venture Exchange and Main Listing on Hong Kong Stock Exchange

0

VANCOUVER, BC /ACCESSWIRE/April 20, 2022/ South Gobi Resources Ltd. (TSX:SGQ), (HK:1878) (“SudGobi“or the”Company“) announces that it will file an application (the “Subscription request“) on the TSX Venture Exchange (“TSX-V ») to list its common shares on the TSX Venture Exchange. Along with the above, the Company will also seek voluntary delisting (the “Request for voluntary delisting“) of its common shares of the Toronto Stock Exchange (“TSX“), subject to the TSX-V Company’s approval of the listing application.

Pursuant to Rule 19C.13A of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong, the Company intends to submit a written notice to HKEX (the “Main registration request“) indicating, among other things, that it will be able to fully comply with the applicable listing rules in connection with the approval of the listing application and the entry into force of the listing application ( “Effective date“), and so that its current secondary listing on the HKEX will be converted to a primary listing (“Conversion“).

Reasons for applying for registration

The Board of Directors of the Company has determined that it is in the best interests of the Company to apply to list the common shares of the Company on the TSX-V and to voluntarily delist from the TSX, as a listing on the TSX-V offers listing requirements that better align with the Company’s current operational and financial situation, while providing shareholders with continued liquidity on an exchange recognized for its leadership in the registration of mining issuers.

If the Company’s listing application is approved by the TSX-V, the Company intends to take all reasonable and prudent steps necessary to list the Company’s common shares currently listed on the TSX with the TSX-V, and submit all waivers and make all arrangements necessary to effect the Conversion, without interruption or delay. There is, however, no guarantee that the TSX-V will approve the Company’s listing application. As of the date of this announcement, the Company is unable to provide an expected effective date for listing on the TSX Venture Exchange, but the Company will provide updates as further information becomes available. will be available.

The common shares of the Company will remain listed on the TSX while the listing application and the primary listing application are being reviewed by the TSX-V and HKEX, respectively. In addition, it is expected that the Company will not be required to seek shareholder approval for the delisting of its Common Shares from the TSX, as there would be an alternate acceptable market for the Company’s Common Shares at on or around the scheduled delisting date, assuming the Company’s application to list on the TSX-V is accepted.

Master Listing Application on HKEX

The Company intends to make a further announcement once the main listing application has been submitted, including information on, among other things, (a) additional details of the listing application and date of entry into force, (b) any exceptions, waivers and exemptions from strict compliance with the listing rules that it intends to request from the HKEX, and (c) the potential impact on shareholders and potential investors of any applicable transitional measures .

If there is any inconsistency or discrepancy between the English version and the Chinese version, the English version shall prevail.

About SouthGobi

SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the operating licenses for its other metallurgical and thermal coal deposits in the South Gobi region of Mongolia. SouthGobi produces and sells charcoal to customers in China.

CONTACT:

Investor Relations
Office: +852 2156 1438 (Hong Kong)
+1 604 762 6783 (Canada)
E-mail: [email protected]
Website: www.southgobi.com

Forward-looking statements

Certain information included in this press release that is not current or historical factual information constitutes forward-looking statements or information within the meaning of applicable securities laws (collectively, “forward-looking statements”), including the request of the Company to list its common shares on TSX-V, the Company’s application on the HKEX to convert its current listing on the HKEX to a primary listing, the Company’s application for a voluntary delisting of its common shares from the TSX and the maintenance of the Company’s listing on the TSX while the listing application and primary listing application are under review by the TSX-V and HKEX, respectively. Forward-looking statements are often characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “could”, “should”, “seek”, “probable”, “estimate” and other similar words or statements indicating that certain events or conditions “may” or “will” occur. Forward-looking statements are based on certain factors and assumptions, including, among others, the Company’s ability to satisfy the listing requirements of the TSX-V and the TSX-V’s approval of the listing application, the Company’s ability to satisfy the principal requirements of the HKEX listing requirements and the HKEX approving the principal listing application, the TSX approving the voluntary delisting application and other similar factors which may cause results actuals differ materially from what the Company currently expects. Actual results may differ from forward-looking statements. Readers are cautioned not to place undue importance on forward-looking statements, which speak only as of the date of this disclosure, and not to rely on such information as of any other date. Although the Company may choose to do so, it is under no obligation and does not undertake to update or revise any forward-looking statements, whether as a result of new information, other events or otherwise any time, except as required by law. Additional information regarding factors that could cause actual results to differ materially from those contained in these forward-looking statements is contained in the Company’s filings with the Canadian securities regulatory authorities and may be viewed under the Company’s profile at SEDAR at www.sedar.com.

THE SOURCE: South Gobi Resources Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/698280/Application-for-New-Listing-on-the-TSX-Venture-Exchange-and-Primary-Listing-on-the-Hong-Kong-Stock-Exchange

Sennheiser Momentum True Wireless 3 headphones completely leak on Amazon – and their price is surprisingly welcome

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Sennheiser’s next premium true wireless earbuds appear to have leaked on Amazon UK.

The highly anticipated Momentum True Wireless 3, which the German audio brand recently announced will launch this month, has made its way to Amazon. Although the headphones aren’t currently available to buy – the listing shows them as “temporarily out of stock” – the product page seems to shed a lot of light on the design and price of the Momentum True Wireless 3.

It is the latter that first attracts our attention. While the Momentum True Wireless 2 and the first-gen originals both launched at £279 ($299 / AU$499), the Amazon page lists the new third-gen iteration at £219.99 (about $279 / AU$499). AU$400). This not only lowers the previous launch prices of the Momentum model, but also, more importantly, that of the class-leading Sony WF-1000XM4 (which arrived last year at £250 / $280 / AU$450, although it is now available for £189 / $248 / AU$336).

With Sony and other best wireless headphone rivals such as the AirPods Pro and Bose QuietComfort headphones all closer to the £200 mark ($250 / AU$360), this price realignment could be Sennheiser appreciating that ‘it needs to be more competitive to stay on top of a market that’s as crowded as it’s ever been. And really, that’s great news for the consumer.

The listing also seems to reveal specs, such as aptX support Apdative Bluetooth, which is one of Qualcomm’s latest Bluetooth codecs on the market and essentially combines the sound quality of aptX HD with the low latency of aptX Low Latency. This trumps their predecessor’s aptX support.

Sennheiser MOMENTUM True Wireless 3

(Image credit: Sennheiser/Amazon)

According to the product page, the Momentum True Wireless 3 is next-gen adaptive noise cancellation which “monitors the level of noise in your environment to optimize noise cancellation performance”. Transparency mode returns, letting you hear surrounding sounds whenever you want. And sound customization via a “guided listening test” is also on the menu of these new generation Momentums. A choice of presets and an EQ function to personalize the sound are also available, presumably in the Sennheiser Smart Control companion app.

Sennheiser’s TrueResponse transducer is also central to the engineering of the Momentum True Wireless 3.

There’s some good news in the endurance department, too: battery life is still seven hours from the buds, but this time the charging case takes the total playtime to 28 hours from 21. time. Support for QI wireless charging is also a welcome inclusion.

The listing also shows the new Sennheiser buds coming in three color options instead of two this time, with white and black joined by a new graphite finish (top photo). The design of the headphones looks more or less familiar, although the Momentum True Wireless 3 seem to adopt the more angular shape of some of the company’s recent headphones, such as the Sennheiser CX Plus True Wireless, rather than the circular housing of previous Momentums.

And that’s about it until we get official confirmation of the Sennheiser Momentum True Wireless 3 and their availability. If the details provided on the Amazon listing turn out to be correct, which we think is likely, we could well be days away from hearing Sennheiser’s best and most competitive premium true wireless earbuds to date. .

AFTER:

Sennheiser teases cheaper Ambeo and Momentum True Wireless 3 soundbar for 2022

the best wireless headphones you can buy

AirPods Pro 2 Rumor Roundup: release date, price, design and leaks

UK avoids Moscow Stock Exchange for another blow to outcast Putin

0

ggood morning.

Russian energy imports are back in focus this morning after France called on other European countries to back new sanctions.

Bruno Le Maire, France’s finance minister, said it was necessary “more than ever” to implement a ban on Russian oil, cutting off a key source of revenue for the Kremlin.

While the US and UK have already announced their intention to phase out Russian oil, the EU has been more reluctant to act. The continent is heavily dependent on Russian energy and the biggest economy, Germany, has resisted further sanctions.

This comes as the war enters its second phase. Ukrainian President Volodymyr Zelensky has warned that Russia is having its assault on the eastern region of Donbass.

5 things to start your day

1) Security fears leave P&O Ferries facing a ‘very high’ insurance bill. The company’s safety performance is expected to be rated “very poor”, according to analysis by an official international inspection database.

2) Rolls-Royce backs ‘new Hawk’ fighter trainer. British-designed Aeralis aims to have a demonstrator ready by 2025.

3) Tesla forces Shanghai workers to sleep on the floor. Elon Musk’s Chinese factory is using a ‘closed loop’ system to restart production under a strict Covid lockdown.

4) Zero-Covid lockdowns weigh heavily on the Chinese economy. Retail sales fell 3.5% last month in the first fall in nearly two years, as the IMF warns that exploding debt threatens the global recovery.

5) Deloitte benefits from government contracts while KPMG stays away. Rival’s withdrawal from public sector work helps the consultant secure a £53m salary.

What happened overnight

Earlier in the Asian trading day, the S&P 500 e-minis rose 2%, while MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.5%.

Australia’s S&P/ASX 200 rose 0.66pc as strength in commodity prices lifted mining and energy stocks, and Japan’s Nikkei rose 0.18pc.

coming today

Business: JTC (annual results); Kainos Group, Petropavlovsk (commercial declarations)

Economy: Housing starts, building permits (WE)

Google takes six years to copy Apple by releasing “Switch to Android” app for iOS

0


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Google released a new app for iOS called “Switch to Android”, an equivalent of Apple’s “Move to iOS” app to move important user data from iPhone to Android smartphone.

Apple has been providing its “Move to iOS” Android app since 2015, with the app designed to help transfer data from Android device to iPhone with as little hassle as possible. On April 14, Google finally came up with its own alternative, with “Switch to Android” allowing users to migrate data from an iPhone to an Android smartphone.

According to the app store listing, the Switch to Android app transfers data including photos, videos, contacts and calendar events to a target Android device. This is all done wirelessly, rather than requiring physical cables.

The app also helps users track important steps they need to take on their iPhone before they go. This apparently includes things like disabling iMessage, as this can cause problems receiving messages on Android if it’s not properly disabled.

As part of the process, the app may ask to copy photos and videos from iCloud, to transfer them to the Android smartphone. The product listing also says the app “will ask you for a series of permissions so that data from your iPhone can be moved to your Android device.”

It’s unclear why the app is suddenly available to download and use in the App Store, given the bitter rivalry between the two platforms, as it surfaced more than six years after the app’s release. tool from Apple. It seems possible that Apple may have blocked the app from being listed in the App Store, but it’s unclear if such a stance was taken by the iPhone maker.

The “Switch to Android” app is free, 39 megabytes in size, and requires an iPhone or iPod touch running iOS 12.0 or later.

Business News | Stock and Stock Market News | Financial News

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Experts expect consolidation to continue through the week absent domestic and global events, while stock-specific action will be seen as corporate earnings season unfolds. will continue.

Dalal Street week ahead |  10 key factors that will keep traders busy next week


  • Exclusive :

  • Nifty 17900 and above, Sensex 435 and above – Nifty 17900

  • Sensex 600 अंअं तटूट, जजननएए वजह?

  • Policybazaar Reimbursement of the IPO: कआपोो शमहींल औमलल लौटलौट हींलौट हींलौटतो लौटयहैहै ?? क्यय

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  • Kafeel Khan: योगी सरकार ने गोरखपुर के BRD कॉलेज के डॉ. More information

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  • SBI या Post office? जआपनो हआपहं कवववं करकववग कबबललगबबबबंंंंंंंतंं

  • nykaa IPO:

  • Yes Securities नमजोमजो तीजोंे तीजोंे तीजोंबद ीीमंटंट ीीईईईंगंगंगंगंगंगंगंगंगएए

  • MSCI

  • Kangana Ranaut: जपदनंं कयों कयोंण जौहजौह ोो हीहीही ंगंगंग ौत ौत ौत?

  • E-GCA launch: न्योतयोतरटफॉमय नेंधंधलइ न्ललटफॉटफॉ्म E-GCA कययय कलॉयय कलॉययलॉचचचचचचचच

  • एफडीएे एफडीएलग लगलगझट, ययफममम 4य 4 4 4 4 4 4य 4 4 4 4 4 4यय

  • ोवयययमह महमहमममी महे फैलफैल –



name Price Switch % changes
ntpc 153.95 1.35 0.88
Sbi 517.70 4.85 0.95
Nhpc 31.55 0.50 1.61
Indiabulls Hsg 166.35 -0.75 -0.45

Forum

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YOUR OPINION

Which of these youngsters will score the most runs this ipl?

COMMENTS

Thank you for voting


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  • New cases of Covid19 in China have wreaked havoc on Asian markets.

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    Metal prices rebounded on Friday after two days of declines, buoyed by tight supply, hopes of further Chinese stimulus and firmer oil prices. Supply of most metals is limited, inventories are low, so we expect prices to remain high for more than…

Overview of the IPO

Equity Type Issue price Size of the problem Lot size Open issue Closing the issue
No open issues available.
Equity Issue price Registration date Ad open close ad Listing Earnings % CPM Current Earnings %
eighty jeweler 41 13-04 42.00 44.10 7.56 44.10 7.56
Hariom pipe 153 13-04 214.00 224.70 46.86 224.70 46.86
Tile of Dhyani 51 12-04 57.50 54.80 7.45 54.80 7.45
Veranda Learn 137 11-04 171.00 160.40 17.08 171.30 25.04
Scheme Fund category information Purchase order Opening date Closing date
No NFO details available.
Equity Type Issue price Size of the problem Lot size Subscription Open issue Closing the issue

Dhyaani Tile View Profile

initial public offering of an SME 51 2.45 0 30-03 04-04

Hariom Blowjob View profile

Initial Public Offering 144 122.4 – 130.05 0 3.57 30-03 05-04

Jeena Sikho View profile

initial public offering of an SME 150 55.5 0 30-03 07-04

Jewelery View profile

initial public offering of an SME 41 11.07 0 31-03 05-04

chat box

Ajay Jain
Ajay Jain

CEO,

April 18 – 2:00 p.m.

What do the stars predict?



chat box

Ajay Jain
Ajay Jain

CEO

April 18 – 2:00 p.m.

What do the stars predict?

Securities transaction





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Pokmi brings POKEN to over 200 countries after listing $PKN on MEXC

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Warning: This is a sponsored press release. Readers should conduct their own research before taking any action related to the content mentioned in this article. Learn more >

Paris, France, April 16, 2022, Chainwire — Pokmi’s POKEN has been listed on the MEXC exchange, allowing the team to expand its reach. The largest and largest decentralized uncensored collection on the internet is taking another crucial step in its multi-chain journey, as $PKN is now live on one of the major crypto exchanges.

Pokmi’s listing of POKEN ($PKN) on MEXC marks a significant development for the No. 1 uncensored creativity NFT marketplace. $PKN is a cross-network payment method offering financial, technical and legal solutions to content creators via non-fungible tokens, decentralized finance and the metaverse.

Pokmi was founded by Fred Coppula, Marco Gargniga and Nils Lataillade to revolutionize the entertainment industry. The NFT Platform aims to transform the adult content industry into a more ethical, transparent and fair model for users and content creators. Achieving this mission is possible through blockchain technology and non-fungible tokens. Both technology stacks pave the way for unprecedented use cases and benefits for all parties.

To expand the appeal and accessibility of its $PKN token, Pokmi obtained a listing on the MEXC exchange. As a result, the multi-chain token now resides on this platform, along with Pancakeswap and Uniswap. Allowing a wider audience to access this token and the ecosystem it represents is a significant step forward for the Pokmi team.

The co-founders of Pokmi confirm that the MEXC listing is a big step towards putting $PKN in the hands of more users by saying, “To own $PKN is to have the power to create the future of uncensored content. POKEN powers all transactions on the Pokmi platform, as it facilitates the buying, selling, renting and renting of NFTs.

Listing $PKN on MEXC will help shape the decentralized adult industry. Additionally, the listing credits the French company’s commitment to establishing a rock-solid global presence and revolutionizing the adult industry globally. MEXC is accessible in over 200 countries, allowing substantial exposure for the $PKN token.

Pokmi raised over $10.7 million through an initial coin offering in 2021, enabling the development of the Pokmi platform and establishing an initial user base of over 80,000. The production of adult content continues to grow exponentially, allowing Pokmi to become an important player in the industry over the next few years.

A crucial aspect of Pokmi is how it gives power back to creators and value to content. With the rollout of exciting features like POK&PLAY, innovative ways to consume and distribute content have been born.

Following the MEXC registration, the Pomi team will focus on improving the ecosystem and the platform. Many changes, upgrades and new features will be released in the coming months. More news will be shared through the official Pokmi social media channels.

About Poken

POKEN (PKN), the cryptocurrency that powers the Pokmi ecosystem. PKN is a multi-chain token, the utility of which powers transactions on the Pokmi Marketplace with the ability to buy, sell, rent and lease NFTs.

About Pokmi

Pokmi is the #1 NFT market for uncensored creativity, restoring value to content and power to creators. To bring more ethics and transparency to an otherwise opaque industry, Pokmi focuses on creating value across the three main verticals of the crypto industry: NFT, DeFi, and Metaverse. The company undertook an ICO last year and raised $10.7 million which helped grow the Pokmi platform, attracting over 80,000 users and $2.5 million in NFT offerings.

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ORGANOGENESIS HOLDINGS INC. : Appointments of Shareholder Directors, Other Events (Form 8-K)

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Item 5.08 Appointment of Shareholder Directors

To the extent practicable, the information in Section 8.01 of this Current Report on Form 8-K is incorporated by reference into this Section 5.08.

Section 8.01 Other Events.

Organogenesis Holdings Inc. (the “Company”) currently plans to hold its 2022 annual meeting of shareholders (the “2022 Annual Meeting”) on June 23, 2022. Shareholders of record at the close of business on Monday, April 25, 2022 be entitled to vote at the 2022 annual meeting. The time and place of the 2022 annual meeting will be as set forth in the Company’s definitive proxy statement for the 2022 annual meeting which will be filed with the Security and Exchange Commission.

On April 14, 2022the Board of Directors of the Company has increased the size of the Board of Directors from nine to eleven members in anticipation of the appointment of two additional independent directors at the latest May 6, 2022. In accordance with Nasdaq listing rules, a majority of the members of the Company’s Board of Directors must be independent by May 6, 2022which is the last day of the one-year phase-in period from the date the Company ceased to be a “controlled company” under Nasdaq listing rules, which occurred the May 6, 2021. Following the appointment of the two additional independent directors, the Company expects that the majority of the members of its board of directors will be independent. The Company anticipates that the two new independent directors will be nominated by the Board of Directors for re-election at the 2022 annual meeting.

Pursuant to the company’s articles of association, in order for a shareholder to propose business (other than under and in accordance with Rule 14a-8 of the Exchange Act) or make a nomination for election to the board of directors before the annual meeting, the shareholder must provide notice to the Secretary of the Company at the principal executive offices of the Company no later than the close of business on the 90th day or before the close of business on the 120th day before the date of the first anniversary of the annual shareholders’ meeting of the previous year; provided, however, that in the event that the annual meeting is held more than 30 days before or more than 60 days after the anniversary date, notice of the shareholder must be received in good time not earlier than the close of business on the 120th day before the annual meeting and no later than the later of (x) the close of business on the 90th day before the annual meeting or, if the first public announcement of the date of the annual meeting has take place less than 100 days before the date of the annual meeting, (y) the close of business on the 10th day following the day on which the public announcement of the date of the annual meeting is first made by the Company.

The Company’s articles of association also provide, in the event that the number of directors to be elected to the Company’s board of directors is increased and there has not been a public announcement naming all the candidates for the positions of director or indicating the increase in the size of the board of directors of the Company of directors made by the Company at least 10 days before the last day on which a shareholder may deliver a notice of appointment in accordance with the procedures described above, that notice from a shareholder will also be considered timely, but only with respect to candidates for any new position created by the increase, if received by the Secretary at the principal executive offices of the Company no later than at the close of business on the 10th day following the day on which the first public announcement is made by the Company.

Given that the company is holding the 2022 annual meeting more than 30 days before the first anniversary of the 2021 annual meeting and publicly announces the increase in the size of the company’s board of directors in this current report on Form 8-K, the Company has determined that the date by which shareholders must deliver notice for the purposes of the 2022 annual meeting is the close of business on April 25, 2022, which is 10 days after the filing of this current report on Form 8-K. Pursuant to Rule 14a-8, in order for a shareholder to submit a proposal for inclusion in the corporation’s proxy materials for the 2022 annual meeting, the shareholder must comply with the requirements set forth in Rule 14a-8 , including with respect to the subject matter of the proposal and shall deliver the proposal and all required materials to the Company within a reasonable time before the Company begins to print and mail its proxy materials for the meeting. For the purposes of the 2022 Annual Meeting, the Company has determined that April 25, 2022 is a reasonable time before the Company plans to begin printing and mailing its proxy materials. Public announcement of an adjournment or postponement of the date of the 2022 Annual Meeting will not begin a new period (or extend any period) for giving notice under the Articles or submitting a proposal pursuant to rule 14a-8.

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© Edgar Online, source Previews

Myntra partners with L’Oréal’s professional products division to bring shoppers easily accessible salon-inspired hair care and expertise.

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L’Oreal Professional Products Division has started listing L’Oreal Professional Paris flagship hair care products, Matrix and Biolage on Myntra from April 10 BANGALORE, India, April 15, 2022 /PRNewswire/ — Myntra announces the launch of ‘L’Oréal Professional Products Division’ on its platform, consolidating its position as the preferred destination for purchasing beauty and personal care products. The L’Oréal professional product line offers advanced and specialized solutions to the specific hair care needs of discerning customers looking for effective personal care solutions. As the destination of choice for all the fashion, beauty and lifestyle needs of consumers across the country, Myntra’s expanded association with L’Oréal will enable the professional product line to make inroads with its thriving consumer base, while bolstering Myntra’s offerings in the salon-inspired space of expertise.

Damage and breakage are among the most common hair problems today. This has led consumers to seek targeted, personalized and expert-led solutions for better hair care. As a leader in beauty and personal care, Myntra aims to make professional, salon-inspired hair care accessible at home for its buyers. With an assortment of over 60 professionally perfected products, L’Oréal’s Professional Products Division is ready to offer the best in hair care solutions from L’Oréal Professionnel Paris, Matrix and Biolage on Myntra. Prices for the range of professional products range from ₹300 to ₹800, including hair masks, serums, deep conditioners, hair oils, and specialty shampoos, among others. Among the line’s bestsellers are the L’Oréal Professionnel Paris Absolut Repair and Xtenso Care regimens. Leveraging its technological prowess to enable seamless and distinct product discovery, Myntra is working to launch a “Product Finder” on the app, allowing shoppers to easily find and choose their favorite products in the personal care space.

L’Oréal Professionnel has been at the forefront of delivering breakthrough innovations, fueled by science, with an obsession for quality and performance. It also strives to support, champion and uplift talent in the Indian hairdressing industry by enhancing the art of hairdressing. Addressing the combination, Rahul Sachdev, Senior Director, Beauty, Personal Care and Fashion Accessories, Myntra, said, “We are delighted to offer ‘L’Oreal Professional Products Division’ on Myntra Beauty. Professional hair care is a growing category with immense reach, especially with a growing base of young people seeking professional, personalized, solution-based care for their hair and skin at home, both in major cities than in emerging cities. L’Oréal is a global leader in this segment and our association with them will be a catalyst in bringing professional hair care to the doorsteps of thousands of homes and salons across the country. We are looking to target consumers who are looking to dramatically improve their hair care regimen and make it more results-driven.” Speaking about the collaboration, Mathilde Barthelemy-Vigier, Brand General Manager, L’Oréal Professionnel Paris said: are delighted to announce the launch of L’Oréal Professionnel Paris on Myntra, the one stop destination for fashion, beauty and lifestyle. This collaboration will allow us to meet the needs of more fashion and beauty enthusiasts and allow them to order the best hair care products from the comfort of their homes.” Ahead of its April 10 launch on Myntra, the L’Oréal professional product line will have a dedicated brand store on the app. Buyers can expect exciting introductory offers on the first two days.

According to an industry report by Mordor Intelligence, the Indian hair care market is expected to reach $4.89 billion by 2025 as consumer awareness increases and demand for results-driven hair care solutions increased.

About Myntra: Myntra is India’s leading platform for fashion brands and a pioneer in m-commerce. Part of the Flipkart Group, Myntra combines technology and fashion to create the best fashion and lifestyle experience in India. The company has partnered with over 5000 top fashion and lifestyle brands in the country such as H&M, Levis, US Polo Assn., Tommy Hilfiger, Louis Philippe, Jack & Jones, MANGO, Forever 21, Urbanic, Marks & Spencer, W, Biba, Nike, Puma, Crocs, MAC and Fossil and many more, to offer a wide range of branded fashion and lifestyle clothing. Myntra serves over 27,000 PINs across the country.

About L’Oréal Professionnel: L’Oréal was founded in 1909 and has since maintained its dominance in the global hair care and skin care markets. L’Oréal Professionnel has been at the forefront of delivering breakthrough innovations, fueled by science, with an obsession for quality and performance. It also strives to support, champion and uplift talent in the Indian hairdressing industry by enhancing the art of hairdressing. The division’s mission is to reinvent professional beauty and lead the digital transformation of the industry with a customer-centric approach. Some of the brands included under the L’Oreal Professional umbrella are L’Oreal Professional Paris, Matrix, and Kerastase Paris, among others.

Photo: https://mma.prnewswire.com/media/1797348/Myntra_LOreal.jpg PWR PWR

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

Applied Materials Makes Goldman’s Best Stock List

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A shortage of semiconductors has hit the economy hard during the pandemic, especially the automotive industry. But some chip companies remain strong.

Goldman Sachs has compiled a list of its top industry picks that are “best positioned to support the future semiconductor ecosystem,” the company’s analysts wrote in a commentary.

The list includes:

1. Applied materials (AMAT) – Get Applied Materials, Inc.. Analysts said the company benefits from:

“strong fundamentals for wafer fabrication equipment in the near term and throughout the cycle,

“Applied’s ability to identify and address critical customer technology inflections through its broad product portfolio,

“potential continued expansion of margins through increasing scale and value-reflective product pricing”, and

· “sustained dividends and redemptions”.

Goldman has a 12-month price target of $151 for the stock, which recently traded at $115.22.

2. Taiwan semiconductor (TSM) – Get the report of Taiwan Semiconductor Manufacturing Co. Ltd.. Goldman analysts like:

“the industry’s underlying structural growth areas, such as 5G/artificial intelligence/high performance computing,

· “TSM’s strong technology leadership and execution,

“a softening competitive landscape,

· “and sustainable returns for shareholders.”

Goldman has a price target of $168 for the stock, which recently traded at $99.15.

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3. KLA (KLAC) – Get KLA Corporation report. Analysts cite the company’s “favorable peak exposure, segment-leading gross margins and strong balance sheet.” The importance of process control now and in the future “will position KLAC well for a more challenging macroeconomic environment in 2023,” they said.

Goldman has a price target of $430 for the stock, which recently traded at $328.74.

4. Research (LRCX) – Get the report from Lam Research Corporation. “We believe the market is undervaluing Lam’s improved competitive position in advanced logic/foundry markets,” the analysts said.

“We believe Lam is well positioned to gain market share as the company’s competitive strengths developed for memory markets become directly applicable to enable the necessary power and performance advantages that Foundry and Logic aim to achieve. get on more advanced nodes. »

This strength stems from “foundry and logic process roadmaps prioritizing higher aspect ratio architectural features, e.g. gated transistor structures all around, and relying on higher deposition techniques. sophisticated”.

Additionally, “we expect gross and operating margins to improve as supply momentum normalizes (or at least improves) and the company continues to expand at its Malaysian facility,” analysts said.

Goldman has a price target of $648 for the stock, which recently traded at $466.92.

5. ASML (ASML) – Get the ASML Holding NV report From the Netherlands. “We continue to view ASML as a basic digital enabler, given its monopoly position in extreme ultraviolet (EUV) lithography, which is critical to facilitating the cost-effective production of advanced semiconductors,” the CEOs said. Goldman analysts.

They point to:

“strong industry spending momentum suggesting sustainability of capital spending,

· “regional movements to diversify global production…,

“upside risks for EUV application service providers…translating into better gross margin profitability…,

· “ASML’s long-term technology roadmap…”

Goldman did not have a price target for ASML’s dollar shares.

Other stocks on Goldman’s list are Japanese companies Tokyo Electron (TOELY) and Filter.

Abu Dhabi-based company invests in multiple deals in Egypt

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The transactions reflect ADQ’s position as a long-term investor in the Egyptian economy.

ADQ, an Abu Dhabi-based investment and holding company, has completed several transactions in listed companies in key sectors of the Egyptian economy, building on its long-term commitment to investing in economic growth of the country through its $20 billion joint strategic investment platform.

These investments reflect the ADQ’s continued confidence in Egypt’s strong economic potential. The deals include stakes in Commercial International Bank (CIB), one of Egypt’s largest banks; Fawry, the leading digital transformation and e-payments platform; Alexandria Container & Cargo Handling Company, a major player in logistics; Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers & Chemical Industries, two key industrial companies in Egypt.

The Egyptian economy has shown resilience in recent years. Real GDP growth continues to outpace that of the majority of emerging market economies, with projections for the current year estimated at 5.5%.

With its strategic location and the large size of its domestic market, investments were motivated by considering the fundamentals of Egypt’s strong domestic consumption, productivity growth, huge export potential untapped and positive business prospects.

Mohamed Hassan Alsuwaidi, Director General and CEO of ADQ, said: “The UAE and Egypt share a deep relationship underpinned by strong economic and trade ties. Since the establishment of the ADQ’s $20 billion strategic investment platform with the Sovereign Wealth Fund of Egypt, we have executed several investment opportunities in Egypt, with the aim of providing solid business advantages and growth. sustainable.

“Recent transactions demonstrate our long-term commitment to elevate our investment partnership with Egypt and to continue to deploy capital into commercially important projects.”

The ADQ is a long-term investor in the Egyptian economy, with an office in Cairo. Since the platform’s inception, a number of strategic investments and partnerships have been made, resulting in strong financial returns. These include the acquisition of an 85.52% stake in The Sixth of October for Development and Investment (SODIC) through a consortium including Aldar Properties and ADQ, and the acquisition of Amoun Pharmaceutical Company, one of the leading Egyptian pharmaceutical manufacturers, distributors and exporters. .

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of large companies. Its investments span key sectors of the UAE’s diverse economy, including energy and utilities, food and agriculture, healthcare and life sciences, mobility and logistics, among others. .

As a strategic partner of the government of Abu Dhabi, the ADQ is committed to accelerating the transformation of the emirate into a globally competitive and knowledge-based economy.

At the same time, ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment company that manages a diversified portfolio of listed and unlisted equities in local markets and companies, today announced the creation of ADC Acquisition Corporation. (ADC), the first Special Purpose Acquisition Company (SPAC) in the United Arab Emirates.

ADC plans to raise Dhs 367 million through an initial public offering (IPO) of 36.7 million shares at an offering price of Dhs 10.00 per share. The shares will be sold to qualified retail and professional investors through public subscription in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange (ADX).

ADC was created by the ADQ, through its ad hoc vehicle Alpha Oryx, and Chimera Investments as SPAC for the purpose of identifying and combining one or more companies. In its search for acquisition opportunities, ADC aims to identify scalable companies with strong management teams.

The launch of ADC will provide target companies with the opportunity to access capital in the Abu Dhabi Capital Markets through a faster and cheaper alternative to the traditional IPO method. These companies will also benefit from access to the vast multi-sector expertise and combined network brought by ADQ and Chimera Investments.

ADC will be led by an accomplished Board of Directors and management team with strong industry reputations and a wide range of complementary knowledge and skills. Mohamed Hassan Alsuwaidi, Director General and CEO of the ADQ, will serve as President of the ADC. Syed Basar Shueb, president of Chimera Investments, will serve as vice president of ADC. Alsuwaidi said, “We have partnered with Chimera Investments to launch ADC Acquisition Corporation, a SPAC aimed at targeting businesses in the Mena region that are fast-growing, technology-driven companies with strong management teams and attractive valuations.

“Through ADC, we are creating a desirable investment structure in the UAE that is well positioned to identify and nurture target companies through a differentiated approach, offering private companies a new avenue of public market funding and investors with access to an innovative investment product. ”

Shueb added, “With the launch and listing of ADC, Chimera aims to capitalize on ADX’s new SPAC regulations, providing investors with faster access to capital, greater transparency and lower fees. This will in turn increase liquidity and access to finance for businesses based in the Mena region and reaffirm our leading role in the development of the UAE’s capital markets.

ADX was the first market in the region to introduce comprehensive listing rules in the SPAC regulatory framework, which was released by the UAE Securities and Commodities Authority (SCA) in February 2022.

Babybel’s plant-based cheese is finally available in the United States

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Bel Brands’ original Babybel cheeses are among the most popular cheese brands, and the company says its new vegan variety replicates the familiar mozzarella taste and texture of red-wrapped favorites. However, Bel Brands’ product listing for plant-based cheese does not offer details on the main ingredient beyond “modified food starch.” It also includes coconut oil, salt and calcium.

So, what ingredients are found in other dairy-free cheeses? Rather than animal milk proteins, plant proteins like soy and nuts take the bulk in most vegan cheeses. While traditional dairy proteins coagulate easily, plant proteins naturally don’t bind as strongly (via EatingWell). To solve this problem, vegan cheese makers usually add vegetable oils, thickeners and starches to mimic the texture of traditional cheese. However, one sticking point has been why vegan cheese doesn’t melt — it doesn’t contain casein, a milk protein that helps traditional cheeses melt in this satisfying way.

Although it’s new, US customers have already shared photos of the herbal Babybel on social media, with mixed opinions. “Vegan Baby Bel spotted at Whole Foods!” a Twitter the user exclaimed with a heart emoji. “Worst thing I’ve ever put in my mouth”, another person tweeted. Looks like we’ll have to unbox a green ride and decide for ourselves!

Adani Green Shares 8% Upside on Q4 Interim Business Update; Enters the list of the 10 most valuable companies

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wealth desk

To buy to sell Adani Green Ene share

Shares of Adani Green Energy Limited soared 9% to a 52-week high of Rs 2,951.90 after the company shared its interim fourth quarter business update.

As of 11:35 a.m., shares of Adani Green were trading at Rs 2,816.75, up 115.20 points, or 4.26% higher on BSE. Trading volume was 14 times above average at this time of day. The stock was the best performer among its peers.

Shares of the company are up 103.46% so far this year.

Read also :

The company’s total operating capacity increased 56% year-on-year to 5,410 MW, while energy sales increased 84% year-on-year to 29.71 crore in the fourth quarter of FY22 .

Adani Green’s solar portfolio capacity utilization factor was 26.4% with a 210bps improvement year-over-year, supported by approximately 100% availability of the power plant.

The Company’s wind portfolio capacity utilization factor was 23.6%, improving 140 basis points year-over-year, supported by plant availability of approximately 98%.

The company also entered the list of the 10 most valuable companies on Monday as its market valuation exceeded Rs 4.22 lakh crore, buoyed by a sharp rise in its share price. The company commanded a market valuation of Rs 4,22,526.28 crore to grab the tenth spot on the top 10 list.

The company edged out Bharti Airtel to enter the top 10. The valuation of Bharti Airtel is Rs 4,16,240.75 crore.

International Holding Company, an Abu Dhabi-based conglomerate, will also invest $2 billion in three green businesses from the Adani Group.

The group’s flagship company, Adani Enterprises Ltd, will receive Rs 7,700 crore (USD 1.02 billion) by issuing preferred shares to IHC, while Adani Green Energy Ltd (AGEL) and Adani Transmission Ltd (ATL) will each receive Rs 3,850 crore through the same equity instrument, according to the group.

(Edited by : Akanksha Upadhyay)

First post: STI

Contis teams up with Ecospend for faster payments

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Banking Service Provider as a Service (BaaS) Contis teams up with an open banking technology company Ecospend to provide a closed-loop account-to-account instant payment and withdrawal solution to the online gaming site MrQ.com.

The solutions from Contis and Ecospend will allow MrQ.com to offer customers an alternative deposit method, as well as instant withdrawals, using a faster, closed-loop payment solution, according to a Monday, April 11. Press release.

“The successful deployment of our first open bank account-to-account closed-loop payment solution with Ecospend is proof of the powerful partnership we have established as we grow our proposition together,” Andy Lyonsmanaging director, head of banking solutions at Contis, said in the statement.

Read more: Banking as a service paves the way for new revenue streams and great financial apps

“We see leading players in the gaming market looking to adopt such open banking solutions to provide customers with a better experience, an enhanced level of fraud protection and lower costs through the use of payment rails. in real time,” Lyons said.

The Application Programming Interface (API) solution is deployed on real-time payment rails instead of card payment systems, which operate on more expensive card payment rails.

It is estimated that 20% of MrQ’s customer transactions will be processed by the new solution each year. After being live on the system for a week, 3% of site customers are using the new solution.

The open banking solution allows members to link their bank accounts to their MrQ accounts through a simplified yet rigorous verification process. With the increased speed of payments, MrQ will get a real-time view of its own settlement accounts, according to the release.

“Open banking as a new and evolving technology solution is dramatically improving the way we spend online,” said Savvas guys from Lindar Media, the creators of MrQ. “Our integration with Ecospend and Contis is just the start of many things to come. In a few years, this technology will be an integral part of our business in many different areas. »

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NEW PYMNTS DATA: THE FUTURE OF BUSINESS SUPPLIER INNOVATION STUDY – APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Find out how all-in-one payment solutions can help businesses streamline B2B transactions and eliminate transaction friction. AP and AR management

On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.

BOC Aviation: Announcements and Notices – MAJOR OPERATION RELATING TO THE PURCHASE OF 80 AIRBUS A320NEO FAMILY AIRCRAFT

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited assumes no responsibility for the content of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss resulting from or in reliance on any or all of the contents of this announcement.

BOC AVIATION LIMITED ʕვঘ٤ॡ༣Ϟࠢʮ̡*

(Incorporated in the Republic of Singapore with limited liability)

Action code: 2588

MAJOR OPERATION IN RELATION TO

THE PURCHASE OF 80 AIRBUS A320NEO FAMILY AIRCRAFT

The Board of Directors is pleased to announce that the Company has entered into an agreement with Airbus SAS for the purchase of 80 Airbus A320NEO Family aircraft from Airbus SAS. The transaction constitutes a qualifying aircraft leasing activity of the Company.

  • 1. Introduction

    The Board of Directors (the “Plank“) of BOC Aviation Limited (the “Company“) is pleased to announce that on April 11, 2022, the Company entered into an agreement with Airbus SAS (the “Seller“) under which it undertook to purchase from the Seller 80 aircraft of the Airbus A320NEO family (the “Transaction“).

    This announcement is made in accordance with listing rule 14.33D(1).

  • 2. Transaction Details

  • 2.1 The plane

    80 Airbus A320NEO family aircraft scheduled for delivery between 2027 and 2029.

  • 2.2 The Company

    BOC Aviation Limited, which is one of the world’s leading aircraft operating leasing companies with a fleet of 530 aircraft owned, managed or on order as of March 31, 2022.

* For identification purposes only

  • 2.3 The Seller

    Airbus SAS, a simplified joint stock company duly incorporated and existing under French law.

    The Seller is primarily engaged in the aircraft manufacturing business. To the best of the Directors’ knowledge, information and belief, after making all reasonable inquiries, the Seller and its ultimate beneficial owners are third parties independent of the Company and persons associated with the Company.

  • 3. Listing rules Implications of the transaction

  • 3.1 The Board confirms that the Company is a listed issuer actively engaged in the leasing of aircraft with aircraft operators as its principal business in the normal course of business and that the Company is therefore a qualified aircraft lessor (as defined in the Listing Rules).

  • 3.2 The Board further confirms that (a) the Transaction is entered into in the normal and customary course of business of the Company and on normal trade terms, and (b) the terms of the Transaction are fair and reasonable and in the best interests of of the Company and its shareholders as a whole.

  • 3.3 Because one or more of the relevant percentage ratios for the Transaction under Rule 14.07 of the Listing Rules is greater than 25%, but all of the relevant percentage ratios are less than 100%, the Transaction constitutes a major corporate transaction. However, as the Transaction constitutes a Qualified Aircraft Leasing Business (as defined in the Listing Rules) of the Company, the Transaction is exempt from the announcement, circular and/or shareholder approval requirements. under Listing Rule 14.33C.

By order of the council

BOC Aviation Limited

Zhang Yanqiu Juliana

Company Secretary

Hong Kong, April 11, 2022

As of the date of this announcement, the Company’s Board of Directors includes Mr. Chen Huaiyu as Chairman and Non-Executive Director, Mdm. Zhang Xiaolu and Mr. Robert James Martin as Executive Directors, Mr. Liu Chenggang, Mr. Wang Xiao, Mdm. Wei Hanguang and Mdm. Zhu Lin as non-executive directors and Mr. Dai Deming, Mr. Fu Shula, Mr. Antony Nigel Tyler and Dr.

Yeung Yin Bernard as independent non-executive directors.

Warning

BOC Aviation Ltd. published this content on April 11, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 11, 2022 09:18:09 UTC.

The new Harley-Davidson Sportster will receive the new 975 Revolution Max engine

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It will only be a few hours before Harley-Davidson integrates the next-generation Sportster into its lineup. The brand has presented teaser after teaser without too many details, except for a few photos, but new evidence confirms that there will be a “revolution” in the range’s powertrain.

It was previously speculated that Harley-Davidson might use a smaller displacement version of the Sportster S’ Revolution Max 1250T engine. The signs pointed to a less performance-oriented bike, as the teasers showed a single front disc brake, a telescopic front fork and dual rear shocks. Expect the new Sportster model to be unveiled by April 12, 2022, until then all we have are photos and quotes from the marketing minds of HD.

Now, however, there is evidence to support this claim. Moto.com managed to unearth some pretty compelling evidence to suggest that Harley-Davidson downsized a Revolution Max engine to 975cc, which is highlighted in an official product listing, not for the bike itself, but for machined aluminum mirrors. To top it off, the product sheet for these mirrors is published on the Harley-Davidson website under the name “Wild mirrors.“Did Harley-Davidson skid before launch?

The product page details that the new mirrors will be “[fit] Models equipped with a Revolution Max engine from 2021 (RH975 and RH1250S models” and “requires separate purchase of Handlebar End Cap,“Now my first question is why didn’t Harley just bundle the kit together in the first place? Kidding aside, the evidence unearthed is pretty conclusive on the engine thanks to the product code ‘RH975’.

“S” for Harley-Davidson signifies a model that puts more emphasis on performance, so this new 975 version is something a little less serious indicating that the model will fill a gap between Harley-Davidson motorcycles under the age range. liter and the rest of the biggest bikes in the line. Models like the Iron 883 have already been discontinued in Europe, leaving HD without an entry-level bike. Maybe the new RH975 is the solution to that.

Harley-Davidson has also trademarked some names in recent years, according to Moto.comto like “Nightster,” and “48X“, and of the two, the Harley-Davidson Nightster seems like a pretty viable candidate for the official model name.

We just have to wait one more day before the new Nightster/48X Sportster comes under cover. Pricing is still unknown at this point, but given the Sportster S’s $15,499 tag, we’re sure hoping the HD makes its 975cc version a nice chunk of change cheaper than the top-end model.

Dolly Khanna adds these two multibagger stocks to her portfolio at T4fy22

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Dolly Khanna Portfolio: The Chennai-based ace investor has added two new multibagger stocks to his portfolio. These two new Dolly Khyanna stocks are Sharda Cropchem and Khaitan Chemicals. In the fourth quarter of FY22, Dolly Khanna bought a 1.02% stake in Khaitan Chemicals, while she bought a 1.38% stake in Sharda Cropchem.

This stock market news became public when the name of the renowned investor appeared in the list of individual shareholders of these companies, who hold 1% or more of the capital of these companies while in December 2021, the shareholding scheme , his name was missing from the list.

Shareholding of Dolly Khanna in Sharda Cropchem

According to Sharda Cropchem shareholding pattern for the recently closed March 2022 quarter, Dolly Khanna’s name appears in the list of individual shareholders of the company who hold 1% or more of the company’s share capital. The Chennai-based investor holds 12,43,710 shares, or approximately 1.38% of the company’s total paid-up capital.

Dolly Khanna owns in Khaitan Chemicals

According to the shareholding scheme of the company, the name of Dolly Khanna appears for the first time in the list of shareholders of the company, who own 1% or more of the capital of this chemical company. Dolly Khanna’s shareholding in the company is 9,89,591 shares or 1.02% of the company’s capital.

According to the price history of the two new Dolly Khanna stocks, both are multibagger stocks. Over the past year, Sharda Cropchem stock price has appreciated nearly 150%, while Khaitan Chemicals stock price has appreciated over 500% over the past year . Year-to-date, Khaitan Chemicals’ share price has jumped nearly 110%, while Sharda Cropchem’s stock has jumped nearly 100% year-to-date.

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COVID downtrend spurs Leni’s rallies

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Believe it or not, the steady decline in the number of COVID-19 cases has helped the Leni Robredo-Kiko Pangilinan presidential tandem draw gigantic crowds to their campaign rallies that literally turn the skies pink and shake the ground with excitement.

The Duterte administration itself highlights in its reports the same drop in COVID cases – but for a different reason, which is to show that its public health campaign is succeeding in curbing the pandemic that has killed nearly 60,000 Filipinos. and hampered the economy.

While the downward trend may not directly benefit the presidential candidacy of former Senator Ferdinand Marcos Jr., that should not worry President Duterte, who has said often enough that he neither supports nor endorsed no one for the presidency in the national elections on May 9.

Restrictions on people visiting commercial establishments, malls and other public places have been eased. More people can now move to more areas, including campaign rally sites.

While helping to bring commerce back to life, the space that opens up also allows those locked in for too long to check out what they hear, good or bad, about the lady in pink offering to lead the way. to an inclusive national revival.

As the Department of Health announced data showing a drop in the number of COVID cases, more and more people, including a few without face masks, have resumed visiting friends and relatives – some of each other meeting up in the Leni-Kiko gatherings we’re talking about and feeling the contagious energy.

Along with the usual political speeches, the rallies have sometimes taken on a kind of cultural flavor with the presentation of historical and folkloric vignettes unique to the venue that help keep the crowd focused while being informed of the issues.

* * *

The improving COVID situation depicted by the DOH numbers and charts featured on President Duterte’s “Talk to the People” TV show last Tuesday can be validated by what can be easily seen in the neighborhood and public spaces. .

This easy validation is different from, say, presidential preference polls involving supposed interviews with 2,400 people who have gone unseen, faceless, and nameless. One wonders if the surveys are real or are just mental conditioning tools.

ABS-CBN News’ data analysis team reported, meanwhile, that the country just saw its lowest number of active COVID-19 cases in about four months.

Data shared by the health department, he said, showed the 30,527 active COVID-19 infections reported on Friday were the lowest in the country since Jan. 4. The DOH also reported 290 new infections, less than 300 for the fifth day in a row.

Amid the good news comes warnings from epidemiologists that Holy Week is upon us and the remaining days leading up to Election Day could become super spreaders if people don’t observe rules and protocols to avoid infection.

* * *

While COVID numbers have fallen to manageable levels in the Philippines, it looks different in the United States, whose cases have placed it firmly at the top of the world0meters.info list with its total of 82,034,738 cases as of date. ‘yesterday.

Global data as tabulated based on World Health Organization statistics as of April 8, 2022, showed that the top two countries with the highest number of COVID cases after the United States are India with 43,033,067 and Brazil with 30,094,388.

But when broken down by number of cases per million people, their position changes on the global list of 228 countries and territories. The United States drops to 54th place among the most infected with 245,164 cases/1 million inhabitants; India (at No. 149), 30,652 cases; and Brazil (at No. 88), 139,830 cases.

On the shorter 10-member Association of Southeast Asian Nations (ASEAN) list, the Philippines, with its declining COVID cases, improved its ranking from 2nd place to long-standing (towards Indonesia) in 5th place, below Vietnam and Indonesia. , Malaysia and Thailand.

When their ranking is based on the country’s number of cases per million population, the Philippines’ position improves one notch to No. 6 from the top.

ASEAN’s ranking when the count is based on one million people places Brunei (with its smallest population of 444,869) No. 1 on the list with 310,085 cases / 1 million people, followed in descending order Singapore (190,873), Malaysia (130,147), Vietnam (102,502), Thailand (54,673), Philippines (32,819), Laos (25,846), Indonesia (21,643), Myanmar (11,121) and Cambodia (7,934).

VCM, NYC ballots delayed

Receiving questions from readers registered to vote at the Consulate General of the Philippines in New York as to when they might vote, we emailed Consul General Elmer G. Cato to inquire about preparations.

He told us Friday that vote-counting machines, overseas ballots and other election materials shipped by the Manila Election Commission were still in Alaska and expected to arrive in New York this week. This delayed final testing and sealing of the VCMs.

Cato said the consulate is committed to ensuring the smooth conduct of overseas elections and protecting the results. “We strongly encouraged overseas voter registration and awareness of this year’s domestic elections,” he added.

Tomorrow, he said, the consulate will co-host a webinar with Comelec to explain the postal voting method the consulate will use, as well as answer questions related to the elections.

“While we understand the concern of some kababayans about the delay in the arrival of election paraphernalia,” Cato said, “their assertion of possible disenfranchisement and the fact that we are not open about the delay is unfair on our part as it is beyond the control of the consulate”.

* * *

NB: All Postscripts are also archived on ManilaMail.com. The author is on Twitter as @FDPascual. E-mail: [email protected]

AnPac ​​Bio Appoints Dr. Aidong Chen as Chief Executive Officer and Chairman of the Board and… | National

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PHILADELPHIA, April 08, 2022 (GLOBE NEWSWIRE) — AnPac ​​Bio-Medical Science Co., Ltd. (“AnPac ​​Bio”, the “Company” or “we”) (ANPC), a biotechnology company operating in the United States and China focused on the screening and early detection of cancer, announced that Dr Aidong Chen joined the Company as Director of the Board, General Manager and Chairman of the Board. Dr. Aidong Chen has been a practicing physician and researcher for over 10 years. He has received over 20 worldwide patents on his work and published 91 papers during his career. Dr. Chen has been affiliated with many leading hospitals including Yijishan Hospital and Nanjing Medical University. He replaced Dr. Chris Yu, the company’s founder, who stepped down as the company’s director, CEO and chairman of the board. As head of the company’s China operations, Dr. Yu will remain with the company in a senior management role to focus on growing the business in China.

The company will also add Sheng “Dorothy” Liu to the board of directors, who will replace Mr. Chao Feng. Ms. Liu is currently CEO of Zhongjintai Venture Capital (Shenzhen) Co., Ltd., a venture capital firm in Shenzhen. She has worked in finance and consulting, including private equity, for almost ten years. Ms. Liu will be an independent director and will also be a member of the remuneration committee and chair of the nomination committee.

About AnPac ​​Bio

AnPac ​​Bio is a biotechnology company focused on early cancer screening and detection, with 150 patents granted as of September 30, 2021. With two certified clinical laboratories in China and a CLIA and CAP accredited clinical laboratory in the United States, AnPac Bio performs a suite of cancer screening and detection tests, including CDA (Cancer Differentiation Analysis), biochemical, immunological and genomic tests. According to a report by Frost & Sullivan, AnPac ​​Bio ranked first in the world in terms of sample volume for screening tests and detection of multiple cancers (cumulative through January 2021). AnPac ​​Bio’s CDA technology platform has been shown in retrospective validation studies to be able to detect the risk of over 20 different cancer types with high sensitivity and specificity.

For more information, please visit: https://www.Anpacbio.com.

For investor and media inquiries, please contact:

Company:

Phil Case, Marketing and Investor Relations Phone: +1-267-810-6776 (US) Email: phil—[email protected]

Investor Relations:

Ascent Investor Relations LLC Tina Xiao, President Phone: +1-917-609-0333 (USA) Email: [email protected]

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform. of 1995 and relate to the future financial and operating performance of the Company. The Company has attempted to identify forward-looking statements by terminologies such as “believes”, “estimates”, “anticipates”, “expects”, “plans”, “projects”, “intends”, “potential”, “target”, “aim”, “predict”, “outlook”, “seek”, “goal”, “objective”, “assume”, “consider”, “continue”, “positioned”, “plan” , “probable”, “may”, “could”, “could”, “will”, “should”, “approximately” or other words that convey uncertainty of future events or results to identify these forward-looking statements. These statements are based on current expectations, assumptions and uncertainties involving judgments regarding, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. These statements also involve known risks and unknowns, uncertainties and other factors that may cause the Company’s actual results to differ materially from those expressed or implied by any forward-looking statements. Known and unknown risks, uncertainties and other factors include, but are not limited to, our ability to comply with Nasdaq listing rules, implementation of our business model and growth strategies; trends and competition in the cancer screening and detection market; our expectations regarding market demand and acceptance of our cancer screening and detection tests and our ability to expand our customer base; our ability to obtain and maintain intellectual property protections for our CDA technology and our continued research and development to keep pace with technological developments; our ability to obtain and maintain regulatory approvals from the NMPA, FDA and relevant US states and to have our laboratories certified or accredited by authorities such as CLIA; our future business development, financial condition and results of operations and our ability to obtain financing on a cost-effective basis; potential changes in governmental regulations; general economic and business conditions in China and elsewhere; our ability to hire and retain key personnel; our relationships with our major business partners and customers; and the duration of the coronavirus outbreaks and their potential adverse impact on economic and financial market conditions and our business and financial performance, as resulting from reduced business activities due to quarantines and travel restrictions instituted by China, the United States and many other countries around the world to contain the spread of the virus. In addition, all forward-looking statements are subject to the “Risk Factors” detailed from time to time in the company’s most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission. United. Due to these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. Further, such statements speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason. it would be.

Copyright 2022 GlobeNewswire, Inc.

Best REL Subwoofer | BRProud.com

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Which REL subwoofer is the best?

No home theater system is complete without a powerful subwoofer. REL is a trusted brand that offers a wide range of subwoofers. Still, it can be tricky to know what kind of subwoofer you might need, and REL offers a handful of configurations and sizes, making your decision even more daunting. However, with a little research, you can find one that’s right for your home.

The REL Acoustics HT/1205 12-inch subwoofer is a premium subwoofer that delivers vibrant bass, bringing any listening experience to life.

What to know before buying a REL subwoofer

Other material

The other speakers you have can help you choose the best subwoofers for your setup. If you have surround sound in your home theater, it is necessary to have a subwoofer. However, depending on how much volume your system is pumping out, you may need a larger or smaller subwoofer. Other considerations should include checking whether you need an audio receiver, TV, or other devices altogether.

Front-Firing or Down-Firing Subwoofers

REL’s subwoofers have two varieties of directional speakers or drivers. Most REL subwoofers come with a front-firing speaker, which means the speaker faces the outside of the subwoofer enclosure. Alternatively, some may include down-firing drivers, which project the sound from the speaker downward. People strongly debate the differences between the two styles, especially since subwoofers need to produce omnidirectional sound. It’s best to find the right subwoofer for your room, which depends on your setup and the existing speaker system.

Room setup

Where you place your subwoofer will make a big difference in sound. Unsurprisingly, larger rooms require louder overall volumes, while smaller rooms can get away with smaller subwoofers producing less sound. It is essential to check the product list to see which room size fits best. In large rooms, many choose to use two subwoofers at the same time instead of using just one.

What to Look for in a Quality REL Subwoofer

Driver size

The diameter of a subwoofer’s driver or speaker will determine how loudly and clearly it produces low-end sound. Larger subwoofer speakers produce volumes at louder decibels while representing the frequency range produced, resulting in clear, crisp sound. Subwoofers with larger speakers are heavy and take up more space. Most people who use speakers at home can get away with something smaller.

The most common driver size in subwoofers ranges from 6 to 15 inches. Some professional live audio subs are up to 18 or 21 inches.

Able

While peak power refers to the amount of power a subwoofer can handle in a single instance, root refers to the amount of power a speaker can handle more continuously. The higher the peak power and RMS power of a subwoofer, the louder it will tend to be.

Crossing and phase

Most subwoofers offer crossover and phase control interfaces to fine-tune your audio alongside other speakers. Crossover control determines which frequencies are diverted to your subs. Plus, phase controls make it easier to align the audio for your speakers, avoiding sonic byproducts produced by latency and phase issues.

How much you can expect to spend on an REL subwoofer

Inexpensive REL subwoofers can cost as little as $450. You can expect to spend between $600 and $1,000 for mid-range REL subwoofers, while high-end REL subwoofers can cost upwards of $3,300.

REL Subwoofer FAQ

Are REL subwoofers active or passive?

A. They are active because they need power to operate the included integrated amplifier. Passive subwoofers require another amplifier, which means you don’t need to plug them into a wall outlet for power. Active subwoofers are called powered subwoofers and require power from an external source.

Do REL subwoofers sound better than other brands?

A. Although REL make a range of powerful and reputable subwoofers, it’s hard to say if they are better than other brands. This is because audio quality varies from speaker to speaker and from audio system to audio system. Whichever brand you choose, it’s important to find a subwoofer that complements your overall sound.

What is the best REL subwoofer to buy?

REL High Subwoofer

REL Acoustics HT/1205 12-inch Subwoofer with Long Throw Driver

What do you want to know: This subwoofer features a long-throw speaker that’s perfect for small to medium-sized rooms, and you can easily pair it with a second subwoofer for larger spaces.

What you will love: It features a powerful 12-inch front-release CarbonGlas driver and is suitable for rooms up to 400 square feet. It also features low-frequency extension from -6 decibels to 22 hertz for extra low-end RCA inputs and outputs. In addition, it has 500 watts at RMS power.

What you should consider: This subwoofer is quite heavy at 38 pounds.

Or buy: Sold by Amazon

REL subwoofer top for the money

REL Acoustic HT-1003 10-inch Subwoofer with Long Throw Driver

REL Acoustic HT/1003 10″ Subwoofer with Long Throw Driver

What do you want to know: This 10-inch subwoofer packs a punch without costing a fortune. It features a forward-facing long-throw driver that can accommodate most rooms and home theater systems.

What you will love: This subwoofer delivers explosive low frequencies with a low-end 24 hertz extension output despite a lower price. It also includes standard gain, phase, and crossover adjustments on the rear that you can fine-tune, and it has a 300-watt Class-D amplifier.

What you should consider: At this price, it’s worth upgrading to one of REL’s high-end subwoofers.

Or buy: Sold by Amazon

Worth checking out

REL Acoustics T-5x 8-inch Subwoofer with Down-Firing Driver

REL Acoustics T/5x 8-inch Subwoofer with Down-Firing Driver

What do you want to know: This subwoofer delivers a booming bass tone, and it has fewer constraints on optimal placement due to its downward-firing driver.

What you will love: This small subwoofer features a powerful downdraft driver with an 8-inch diameter, and it’s ideal for rooms up to 400 square feet. It also has a low frequency extension of -6 decibels to 32 hertz. You can buy this subwoofer in gloss black or white finishes.

What you should consider: It only uses the LFE, low level and speaker cable inputs.

Or buy: Sold by Amazon

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Peter McGuthrie written for BestReviews. BestReviews has helped millions of consumers simplify their buying decisions, saving them time and money.

Copyright 2022 BestReviews, a Nexstar company. All rights reserved.

DeFiChain lists “4dTokens” representing stocks and ETFs

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Asset tokenization is a growing use case in the ever-expanding decentralized finance (DeFi) ecosystem. Asset tokenization is the transformation of real-world assets into digital assets using the features of blockchain technology.

Almost anything asset-based or characterized by cash flow can be tokenized, whether it be securities like stocks, bonds, ETFs, real estate or commodities.

DeFiChain, a decentralized financial hub operating on top of the Bitcoin network, is taking the concept of asset tokenization in a new direction with its dTokens.

Unlike securities offered by real-world companies, dTokens offer investors exposure to the price of real-world securities without the risk of ownership.

Essentially, dTokens act as a simple and inclusive way for everyone to invest in US stocks that are otherwise unavailable due to trading limitations, geographic restrictions, or other similar factors.

These dTokens can also be used for mining and staking liquidity, stored as an investment, or traded on the DeFiChain DEX (decentralized exchange). Anyone can own dTokens, even in fractional amounts, and then use them to generate passive returns.

It is essential to understand that dTokens are not “tokenized shares” of multinational corporations, as ownership does not confer benefits such as voting rights, dividends or other privileges usually available to shareholders on traditional markets.

Additionally, the prices of dTokens will not necessarily reflect those of their underlying stocks and ETFs, but are based on variable factors and are captured from streams using oracles.

Previously, the DeFiChain team had integrated dTokens associated with Tesla, the S&P 500, Alibaba, Apple, the Nasdaq 100, Amazon, Netflix, Microsoft, GameStop, Nvidia, Meta, and several other mainstream companies. Further expanding its list of dTokens, the DeFiChain team has now announced four new dTokens.

Following a ticker vote by its community, DeFiChain added Walt Disney, iShares MSCI China ETF, MicroStrategy and Intel. The community vote included a long list of companies including Mastercard, PayPal, Uber Technologies, Nintendo and many more.

When the votes were tallied, the community voted unanimously for $dDIS (Walt Disney), $dMCHI (iShares MSCI China ETF), $dMSTR (MicroStrategy), and $dINTC (Intel Corporation).

A key feature of DeFiChain is its decentralized assets. Currently, DeFiChain is the only platform that offers decentralized assets on the Bitcoin network.

True to its mission to lower barriers to entry and make financial services more inclusive and accessible, DeFiChain also announced that it will list more popular dTokens and introduce other innovative products and features in due course.

According to Prasanna Loganathar, Principal Engineer at DeFiChain, “DeFiChain is continuously expanding the dToken universe to offer users a serious alternative to the traditional financial broker – while offering the flexibility and advantages of decentralization”.

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Read in full Warning & Disclosure

MEDIACO HOLDING INC. : Notice of cancellation or non-compliance with a rule or standard for maintaining registration; Transfer of Enrollment (Form 8-K)

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Item 5.02 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
           Standard; Transfer of Listing.


At April 1, 2022, MediaCo Holding Inc. (the “Company”) has received a deficiency letter (the “Nasdaq Letter”) from the Nasdaq Listing Qualifications Departmentnotifying the Company that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(3), which requires the Company to maintain net income from continuing operations of $500,000 from continuing operations in the last completed financial year, or in two of the last three completed financial years (the “Minimum Income Requirement”), and also fails to comply with any of the Listing Standards alternatives, the market value of listed securities or equity. The company’s failure to meet the minimum net income requirement was based on the company’s filing of its annual report on Form 10-K for the fiscal year ended December 31, 2021reporting a net loss from continuing operations of ($6,082,000).

Pursuant to the Nasdaq Letter, the Company has 45 calendar days from the date of the Nasdaq Letter to submit a plan to restore compliance and intends to submit such a plan during this period. If it accepts the plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the Nasdaq letter to demonstrate compliance. In the event the plan is not accepted by Nasdaq staff, or in the event the plan is granted but the company fails to regain compliance within the plan period, the company would be entitled to a hearing before an independent panel. The request for hearing would stay any stay or strike action pending the conclusion of the hearing process and the expiration of any additional extension period granted by the panel after the hearing.

The Company intends to take all reasonable steps available to regain compliance with Nasdaq listing rules and to remain listed on Nasdaq.

Neither the Nasdaq Letter nor the Company’s non-compliance has any immediate effect on the listing or trading of the Company’s common stock, which will continue to trade on the Nasdaq Capital Market under the symbol “MDIA”.

————————————————– ——————————

© Edgar Online, source Previews

March 6 live updates: US and UK impose new sanctions on Russian banks, Fed prepares to reduce the size of its balance sheet

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The price of oil fell on Wednesday after a group of the world’s largest consumers said it would tap into emergency stocks to counter supply problems following Russia’s invasion of Ukraine.

Brent, the international crude oil marker, was down 2.6% at $103.79 a barrel, while West Texas Intermediate, the US benchmark, was down 3% at $98.93.

Fatih Birol, head of the International Energy Agency, said its 31 members were moving forward with a “collective oil stockpile release” of 120 million barrels.

The United States will contribute half that amount, Birol said in a tweet, while the remaining 60 million barrels will come from the rest of the IEA, which counts Germany, Japan and the United Kingdom as members. More details on specific member contributions will be made public soon, he continued.

Washington last week announced plans to release 180 million barrels of oil from its strategic oil reserves, which equates to about 1 million barrels a day for six months.

Of that, 60 million will be released in conjunction with the IEA, according to Wednesday’s announcement, while 120 million barrels will be released independently by the United States.

IEA members agreed on Friday to a further release of oil from emergency reserves but provided no details on volumes or contributions.

“This class action, which will exceed the one million barrels per day for 6 months that the United States has pledged to release, brings the combined amount to 240 million barrels“, the US Department of Energy said in a statement, referring to the 60 million barrels of oil pledged by US allies.

The Paris-based body warned last month that 3mb/d of Russian oil production could be “shut down” from April as sanctions kick in and buyers shun exports. The exploitation of emergency reserves will contribute in part to filling this gap.

The latest release follows a 61 million barrel rollout in early March that failed to calm prices, which have endured weeks of stomach-churning volatility.

Hong Kong bankers are desperate for a deal to save their jobs

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Hong Kong’s equity capital markets (ECM) bankers are hoping for a rebound in IPOs after an aggressive recruitment drive in 2021 left many twiddling their thumbs.

“We have increased by about 30% in terms of ECM headcount and our rivals will be similar,” says the head of capital markets at a US firm in Hong Kong. “That’s a lot of cost to bear and if volumes don’t pick up, job cuts are inevitable.”

The Hong Kong IPO market was hit by a double whammy of geopolitical concerns and COVID restrictions, resulting in a weak first quarter. Fifteen companies raised just HK$15.8 billion ($2.2 billion) on the Hong Kong stock exchange in the first quarter, compared to 31 deals worth HK$136.5 billion in the first quarter. during the same period a year ago, according to KPMG.

Bankers are hopeful that activity will pick up in Hong Kong in the second quarter of 2022. Promisingly, KPMG says there is a pipeline of 150 companies applying to be listed in Hong Kong, including 30 in the sectors of health and life sciences.

Hong Kong authorities are also trying to give local bankers a boost. They are revising listing rules to allow big tech companies to go public in a move that will boost the local IPO market. “It can’t happen soon enough. We all hired aggressively last year, especially junior bankers. They will be the first to bear the brunt of the layoffs,” says another senior banker in Hong Kong.

Morgan Stanley retained the top spot in the ECM volume rankings in the first quarter, while Goldman slipped from second place a year ago to sixth place, according to first-quarter figures from Dealogic. BNP Paribas tops the IPO chart after working on three listings worth a combined $295 million.

Weak activity on the Hong Kong stock exchange stands in stark contrast to mainland China, with China Mobile’s $8.8 billion IPO, the largest in a decade, propelling the Shanghai Stock Exchange into the top destination. more active for quotations during the first quarter.

The picture for ECM bankers was equally bleak in other international financial centers as concerns over inflation and the Russian invasion of Ukraine paralyzed primary markets, with ECM activity falling 86% in the States. -United.

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Global Alcoholic Tea Market to be Driven by Growing Product Preference Among Millennials During the Forecast Period 2021-2026

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Expert Market Research’s new report titled ‘Global Alcoholic Tea Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global alcoholic tea market, assessing the market based on its segments such as flavors , technologies, end uses, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Note 1: For an overview of primary and secondary market data (2015-2025), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.

Get Free Sample Report With TOC – https://www.expertmarketresearch.com/reports/alcohol-tea-market/requestsample

Key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): – USD 1.14 Trillion (Global Retail Alcoholic Beverage Market)
  • Forecast CAGR (2021-2026): – 7% (global RTD alcoholic beverages market)

Tea is the second most consumed beverage in the world, behind water. Canada, where the average tea drinker has 11 different types in their kitchen cupboards, has a particularly progressive tea-drinking population that largely affects the demand for alcoholic tea. Thanks to a growing trend in the market for tea cocktails and beers, alcoholic iced tea is among the alcoholic teas to have reached the market in the historical period. Following the trend, this year Eteaket, the Scottish tea company, has launched three tea beers and plans to unveil a fourth. Harry Brompton’s brand of alcoholic iced tea became the first to enter a UK supermarket after securing a listing for its 4% ABV tea in February 2014 at 56 Waitrose stores, and the company successfully secured listings at Sainsbury’s and Ocado. Japanese restaurant chain Wagamama became the first UK restaurant to serve iKi beer in November 2013, a ‘fusion’ of wheat beer and green tea. These developments have had a positive impact on the growth of the market over the historical period.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/alcohol-tea-market

Industry definition and major segments

Alcoholic tea is a kind of drink that is prepared in particular quantities by combining tea and alcohol. These drinks are ideal for mixing tea and cocktail and can be customized easily by selecting one form of tea or another. These come in different variations, from alcoholic sweet teas to fancy tea martinis.

Based on flavor, the market is categorized into:

  • Gin
  • Vodka
  • Bourbon
  • Rum
  • irish cream
  • Others

By technology, the industry is divided into:

  • Berries
  • Lime
  • Cucumber
  • The Peach
  • mint
  • Coconut
  • Mango
  • Sweet apricot
  • Others

On the basis of end use, the industry is divided into:

Based on region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market trends

The catering tea market is expected to gain an edge in future growth momentum as revenue is expected to increase and further drive the alcoholic tea market sales. When it comes to new tea offerings, millennials crave novelty and variety. Interest in the alcoholic tea market continues to be driven by growing interest in health and wellness as well as demand for whole food offerings. Innovation, backed by great taste and a balanced product, ensures that demand for alcoholic tea in the United States will continue to grow. The completely modern young alcoholic tea market has opened up new versions of specialty tea-infused alcoholic beverages. With the crisp and transparent taste of high-end tea in which the alcoholic tea market is booming, tea-infused cocktails are becoming the most trending island flavors and are expected to continue supporting market growth in the coming years.

Main market players

Major market players are Red Diamond, Inc., Tea Venture Limited, MB-Holding GmbH & Co. KG, Noveltea, and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.

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IPOs in China and Hong Kong down amid soaring omicrons and stock volatility

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The number of public listings in Greater China fell significantly in the first quarter of the year, but still performed better than other global markets, according to data from consultancy EY.

Overall, Greater China saw a 28% drop in the number of IPOs, although IPO activity in Hong Kong was slower than in mainland China.

“Hong Kong has seen a noticeable slowdown in IPO activity due to recent market volatility, a severe outbreak of Omicron cases, and a relatively larger drop in local equity indices,” said EY in a report.

Hong Kong saw just 12 IPOs, down more than 60% from a year ago.

Chinese tech stocks have fallen over the past year, hit by China’s regulatory crackdown and ongoing tensions with the United States. The Hang Seng Tech index is down around 44% from a year ago, while the benchmark Hang Seng index is down around 22% in the same period.

“While mainland China also saw a slight decline in the number of transactions, the product increased [year-on-year] due to hosting three of the seven mega IPOs in the first quarter of 2022,” the company said.

While the number of IPOs declined, overall listing proceeds in China increased slightly – by 2% from a year ago, or $30.1 billion.

The drop in listing activity in China and Hong Kong followed a similar trend in the rest of Asia-Pacific, where IPOs also fell – but not as sharply, at 16% year-on-year. Asia Pacific IPO proceeds increased 18%.

“Sudden reversal” from last year’s records

The drop in Asia-Pacific was less severe compared to IPOs globally – with a 37% fall in the first quarter compared to a year ago, or 321 listings. Global IPOs raised $54.4 billion from January to March this year, down 51% over the same period.

Learn more about China from CNBC Pro

The overall fall worldwide was a reversal from 2021’s record highs of 2,436 IPOs, according to EY.

“The sudden reversal can be attributed to a series of issues,” EY said. They include rising geopolitical tensions, stock market volatility, as well as the correction in overvalued stock prices following recent IPOs.

EY also attributed the decline to growing concerns about rising commodity and energy prices, the impact of inflation and potential interest rate hikes; as well as the “risk of a COVID-19 pandemic which continues to hamper a full global economic recovery”.

Along with the sharp drop in global IPO activity, there has also been a “significant” drop in IPOs from SPAC – the public listing of special purpose acquisition companies.

Mega listings, which EY defined as having more than $1 billion in proceeds, also fell. He added that a number of IPO launches had also been postponed due to “market uncertainty and instability”.

3 Ways to Count the Number of Occurrences of a Specific Word or Phrase in a Word Document

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Image: prima91/Adobe Stock

Returning the number of times a word or phrase appears in a Microsoft Word document is a common task for many writers and editors. You don’t want to overuse words. On the other hand, you might want to make sure that you type in a customer’s name frequently when working with marketing materials. Fortunately, Word has two built-in methods for counting occurrences of a specific word. If that’s not flexible enough, you can use a Word VBA sub-procedure. In this article, I will show you both built-in methods and a procedure.

TO SEE: Software Installation Policy (TechRepublic Premium)

I’m using Microsoft 365 on a 64-bit Windows 10 system, but you can use an older version. I recommend that you hold off on upgrading to Windows 11 until all issues are resolved. For your convenience, you can download the .docm, .doc and .cls demo files. The demo files are two sets of the same text generated by Word’s RAND() function, but you’ll want to download the demo files for the Word VBA procedure. Word for the web does not support VBA, but it does support a built-in method.

About Word’s search feature

If an on-the-fly answer is enough, Word’s Find feature is the way to go. For example, let’s search the demo file for the word “video” as follows:

  1. On the Home tab, click Edit and choose Search from the drop-down list.
  2. In the resulting pane, enter video.

That’s it! As you can see in Figure Athis feature displays the number of times the word video appears in the current document.

Figure A

Word displays the number in the Navigation Pane.
Word displays the number in the Navigation Pane.

Additionally, you can click on the links below to access each occurrence. As long as the Find function is active, the yellow highlight remains. When you close the navigation pane, the highlights disappear.

As simple as it sounds, there is a second way. Press Ctrl + H or choose Replace from the Edit drop-down list and click the Find tab. Enter video in the Search control, click Reading Highlights, then select Highlight All. Figure B shows similar results. The big difference is that the highlight remains when you close the Find and Replace dialog box. It’s handy for navigation, but as soon as you try to work in the document, the highlights disappear.

Figure B

This will display the words you are looking for in Word by highlighting them.
This will display the words you are looking for in Word by highlighting them.

Both methods are quick and easy and work in Word for the web. If either meets your needs, you don’t need to work any harder. The only feature missing in Word for the web is highlighting; it does not remain in the document after you close the Find and Replace dialog box. If you need something a little more flexible, you might need a Word VBA procedure.

A VBA procedure for finding words in Word

Word’s search function is an easy way to get the count for a specific word or phrase, but it’s limited to one word or phrase at a time. If you want to check the number of multiple words, VBA can help you. The sub-procedure in List A can be a little intimidating if you’re not familiar with VBA, but don’t worry. Now let’s add the code to a Word document file.

List A

Sub FindWord()

'Returns the count of a specific word or phrases in the current document.

Dim intWordCount As Integer

Dim i As Integer

Dim w As Range

Dim strResponse As String

Dim intCount As Integer

On Error GoTo ErrHandler

'Sets For counter to the number of words in the current document.

intWordCount = ActiveDocument.Words.Count

For i = 0 To intWordCount

'Use InputBox() to solicit word or phrase.

strResponse = InputBox("Enter word", "Word count")

'Catches empty string in InputBox and quits procedure.

If strResponse = "" Then

Exit Sub

'Cycles through Words collection and compares each word in document

'to user input value, stored as strResponse.

Else

'Resets occurrence counter to 0.

intCount = 0

'Compares current word in document to user input value

'stored in strResponse.

For Each w In ActiveDocument.Words

If Trim(w.Text) = Trim(strResponse) Then intCount = intCount + 1

Next

MsgBox strResponse & "occurs " & intCount & " times.", vbOKOnly

End If

'Reduces For counter by 1.

intWordCount = intWordCount - 1

Next

Set w = Nothing

Exit Sub

ErrHandler:

MsgBox Err.Number & " " & Err.Description

Set w = Nothing

End Sub

If you’re using a ribbon version, be sure to save the workbook as a macro-enabled file. If you are working in the menu version, you can skip this step.

To enter the procedure, press Alt + F11 to open the Visual Basic Editor. In the Project Explorer on the left, select the document’s ThisDocument. (If you have multiple Word files open, be sure to select the correct ThisDocument.) You can enter the code manually or import the downloadable .cls file. Additionally, the macro is found in downloadable .docm, .doc, and .cls files. If you enter the code manually, do not paste it from this webpage. Instead, copy the code into a text editor, and then paste that code into the ThisDocument module. This will remove any ghost web characters that might otherwise cause errors. You are now ready to perform the procedure.

How to run VBA procedure in Word

When you run the macro, it displays an input box where you enter a word you want to count, then opens a message box displaying the number of occurrences of the word you entered. This Word procedure has one limitation: it finds single words; it will find no sentences.

To run the Word sub-procedure, click the Developer tab. In the Code group, click Macros. In the resulting dialog, choose FindWord, as shown in Figure C and click Run. When Word displays the input box, enter the word video— case doesn’t matter, and I’ll explain that in a minute — and click OK.

Figure C

Select the Word FindWord sub-procedure.
Select the Word FindWord sub-procedure.

A message box almost immediately displays the number of occurrences, as shown in Figure D.
Figure D

The message box displays the number of occurrences.
The message box displays the number of occurrences.

Close the message box and Word displays the input box again. Enter professional. This time, the message box displays the number of times Professional appears in the document. This process will continue until you click Cancel in the input box.

Are you curious about how the procedure works?

How the Word VBA procedure works

The first lines are variable declarations. Then the code stores the word count of the document in the integer variable, intWordCount. The first For loop uses this variable to loop through each word in the document. At the very end of the procedure, the code subtracts 1 from the variable – it’s a kind of countdown. This is how the first For Loop knows when to stop.

The input box stores its value, the word you enter, as strResponse. If you enter nothing and close the input box or press Cancel, the Exit Sub statement exits the procedure. Otherwise, Word executes the If Else statement. First, Word sets the intCount variable to 0, this is an internal count that tracks the number of occurrences. The second For Loop is a For Each construct, and it loops through each word, represented by w, in the document. This variable is actually a Range object, which is required by Word’s collection. But in simple terms, w stands for every word in the document (Words collection). This is why the procedure cannot handle phrases – w is a single word.

Remember that strResponse is the word you are counting, w is the current word in the document, and the w.Text property is the actual content. Sometimes .Text and strResponse will contain a space character, which is handled by the TRIM() function.

If strResponse and w.Text are equal, Word adds 1 to intWords, the number of occurrences of strResponse, the user input value. This loop compares each word in the document to strResponse. When the loop runs out of words, it displays the intWords value, the number of times strResponse occurs in the document, in a message box.

The last counter instruction subtracts 1 from intWordCount and the process repeats, until it has gone through all the words in the document. This way the input box continues to solicit words, so you don’t have to run it every time. When you’re done, click Cancel in the input box.

Error handling is basic, so you’ll want to thoroughly test this Word sub-procedure using your files before putting it to work. With three ways to count words and phrases, you should always have a quick fix.

You are unlikely to want to use the Developer tab route to perform the procedure. If so, read How to Add Office Macros to QAT Toolbar for quick access.

Prime Minister: UNESCO rules in Angkor are respected, heritage “unaffected”

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An aerial view of Siem Reap province on Monday. hun lot via faceboo

Prime Minister Hun Sen reassured UNESCO and the International Coordinating Committee for the Safeguarding and Development of the Historic Site of Angkor (ICC-Angkor) that the heritage of Angkor is not affected by development, saying that Cambodia will follow the conditions under which the temple was classified. in the UNESCO World Heritage List.

Hun Sen reassured members of the organizations after some of them expressed concern over a recent request from a company to dig a pond at a site near Angkor Wat.

“I want to make it clear to our partners such as UNESCO, France and Japan that they should not worry about the request of the company which was looking to dig a large pond, or other constructions of elsewhere. The government is now making it clear that such requests will not be approved,” he said at a groundbreaking ceremony for 38 new roads in Siem Reap province on April 4.

He added that Cambodia will follow the conditions set when Angkor Wat was inscribed on the UNESCO World Heritage List in December 1992, and that the construction of the 38 roads did not cause any impact on the temple.

The ICC-Angkor is an international mechanism for coordinating the assistance provided by different countries and organizations for the safeguarding and development of the historic site, which was created after the inscription of the temple on the UNESCO list.

Currently, France and Japan are the co-chairs of the mechanism, with host Cambodia. The Ministry of Culture and Fine Arts said it would sign another agreement to continue participating in the mechanism for another 10 years.

Hun Sen’s remarks also come after real estate tycoon Kim Heang’s recent criticism of authorities for banning development such as high-rise buildings in Siem Reap province, which according to him, has kept real estate prices low in the province.

“I think what he said was wrong,” the prime minister said of Heang’s remarks. “We must not compare real estate prices in Siem Reap with other provinces, otherwise our Angkor Wat temple will be removed from the UNESCO World Heritage List.

“There are many places to explore for the real estate market, but don’t go near Angkor Wat. Estate agents should see the big picture,” he said.

Hun Sen noted that the removal of heritage sites from UNESCO’s list was “not unprecedented”, saying several developed countries have had their heritage sites removed from the list for violating technical conditions. He said Cambodia should not follow these examples, especially in the case of Angkor Wat and the Sambor Prei Kuk temple complex in neighboring Kampong Thom province.

He also called on the people of Siem Reap province to protect the temple inscription and respect the conditions set by UNESCO.

Sambo Manara, a history teacher, said he observed the government had “worked hard” on conserving the temple “long before” it was inscribed on the UNESCO World Heritage List.

He added that conserving the heritage of the temple is a duty that the government and Cambodians must fulfill for the future of the country.

“National heritage is the heritage of Cambodia’s history. It’s not for the economy and tourism, but for our history. If we forget it even for a short time, we could lose the legacy left to us by our ancestors,” he said.

The historian stressed the fact that real estate development in the province should be diversified and not concentrated around heritage sites. He said the ancient kings of Cambodia built their cities in different places to mobilize people to new parts of the country and expand the scope of national development.

5 hobby stocks to watch in the stock market today | News

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Hobby stocks to check on the stock market this week

Leisure stocks, especially those involving outdoor activities and travel, have fallen on hard times during the pandemic. With the economy warming and international travel resuming, is it time to compile a list of top leisure stocks to buy? On the one hand, the leisure industry remains a key industry in the world today. Given the stressors of the pandemic associated with everyday life, consumers would be keen to relax and spend more on their leisure needs.

Of course, you could argue that the current tension between Russia and Ukraine may have shaken investor confidence in the market. Yet many investors don’t seem to believe the possibility of the war dragging on into the summer months. And the relative discounts from their highs could be one of the reasons investors are turning bullish in some of the top hobby stocks in the stock market right now. That said, do you have these five hobby stocks on your watch list right now?

Hobby stocks to buy [Or Sell] Currently

Starting today is Trip.com, a leading online travel agency that serves as a one-stop travel platform. It integrates a full suite of travel products and services and differentiated travel content. Impressively, it is currently one of the largest online travel agencies in China and also one of the largest travel service providers in the world. Just this month, the company released its annual financial statements for fiscal year 2021.

To start, net revenue for the year was $3.1 billion, representing a 9% year-over-year increase in revenue. Additionally, revenue from accommodation bookings was $1.3 billion, up 14% from 2020. That’s 41% of total revenue, a pretty big chunk. Executive Chairman James Liang added: “Over the past year, we have further expanded our product offerings and enhanced our content capabilities, paving the way for our long-term sustainable growth. Going forward, we will continue to focus on resuming business in China’s domestic market while remaining ambitious with our overall vision for the global reopening of travel.“Given the rate of growth of the company, would you invest in TCOM stock?

Source: TD Ameritrade Terms of Service

[Read More] 3 Web 3.0 actions to watch right now

Winnebago Industries

winnebago is a dealer of motorhomes. In fact, it is one of the leading manufacturers of outdoor products under various brands such as Grand Design, Newmar and the recently acquired Barletta. Its products are intended for leisure travel and outdoor activities. The company has several facilities across the country and builds quality motorhomes, travel trailers and commercial convenience vehicles. This month, the company released financial results for its second quarter of fiscal 2022.

Diving in, the company posted an impressive revenue increase of $1.2 billion, up 38.7% for the quarter. Organic growth was also impressive, increasing by 29.4% over the previous year. Subsequently, adjusted earnings per share were reported at $3.14, up 42% from a year earlier. The company credits strong and sustained consumer demand for its strong performance in the second quarter. Moving on, Winnebago is confident that it is achieving sustained market share gains and profitable growth across its portfolio. And on that note, would you add WGO stocks to your portfolio?

WGO Stock
Source: TD Ameritrade Terms of Service

Cresco Laboratories

after it is Cresco Laboratories. In short, the company focuses on the production of recreational and medical cannabis products. It is notably one of the largest vertically integrated cannabis and medical marijuana companies in the United States. According to Cresco Labs, its retail operations span ten US states where medical consumption is legal. Given the company’s current footprint in the United States, CRLBF stock might be useful to know now.

This month it was reported that Cresco was to buy out its rival Care British Columbia (OTCMKTS: CCHWF) for a staggering $2 billion. Impressively, this acquisition makes Cresco the leading US cannabis producer in the industry. Clearly, Cresco executives said the combined strengths of the two companies have the potential to be a brand that could be compared to brands like Coca Cola (NYSE: KO) or Johnnie Walker. Not to mention, this deal would also help the company dominate a market that could reach $46 billion in sales by 2026. With this massive acquisition in place, is CRLBF stock a buy?

CRLBF stock
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Roku

Roku pioneer of streaming to television (TV). And for the most part, the company’s mission is to be the TV streaming platform that connects the entire TV ecosystem across the globe. Today, Roku streaming devices are available to consumers in North America, Latin America, and parts of Europe, including the UK, Ireland, and France. Additionally, by giving consumers the content they love, Roku can monetize large audiences and provide advertisers with unique capabilities to engage consumers.

Last month, Roku announced its membership and participation in Sound Hub Denmark, a world-class sound and acoustics growth hub. Roku will join other members including Bang & Olufsen, Harman and Dynaudio to provide coaching and mentoring. In addition, he would also present topics regarding home theaters and auditions at Sound Hub Denmark events. Overall, this seems like a step in the right direction as the company continues to plan for long-term growth. With that in mind, would you consider adding ROKU stocks to your watchlist?

ROKU Stock
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[Read More] 5 electric vehicle stocks to watch in April 2022

Expedia

we close is Expedia, an online travel agency that serves consumers and small businesses in the travel industry. Through its wide array of websites, consumers have access to Expedia’s travel fare aggregators and meta travel search engines. As countries around the world begin to reopen their borders to welcome travelers, I can understand why investors may be keen to invest in EXPE shares.

On February 28, IHG Hotels & Resorts announced that Expedia is now a preferred wholesale rate redistributor for its properties. This will be facilitated by Expedia’s Optimized Distribution Preferred program. As a result, the program will solve the challenges of the wholesale distribution market by creating a solution for IHG and its B2B demands. This aims to reduce costs, generate additional revenue for hotels, as well as provide accurate content and better rates to guests. So, do you think EXPE stock has more wiggle room?

shipping stock
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In Brazil, companies were looking for black workers. Then LinkedIn got involved

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For Brazil, the publicity was harmless. Many Brazilian companies have begun to explicitly seek out black and indigenous workers to diversify their ranks, a step to reversing the deep inequality that has rocked the country since the region was first colonized centuries ago.

Then LinkedIn, which is dominant in Brazil, removed the listing, sparking a debate over why a California-based company should police how a South American country deals with its racist past and present. Over the next month, dozens of major companies protested, federal prosecutors opened investigations, and activists sued.

Last week, LinkedIn reversed its position. The company, which is owned by Microsoft, said it learned from the experience in Brazil and changed its global policy to allow job postings that explicitly seek candidates who are “members of historically disadvantaged groups in employment.” ‘hiring”.

The case was the latest illustration of how a handful of American tech companies wield enormous influence in foreign countries, enforcing global policies that often clash with those cultures or lead to conflict, abuse or other consequences. unforeseen.

“There are a lot of benefits to global connectivity that I would hate to give up,” said Eileen Donahoe, a former Obama administration official who now studies global digital politics at Stanford University. “But what comes to the surface in this case is the underside of this global connectivity and global dominance.”

In this case, the backlash succeeded in changing the rules of LinkedIn, not only in Brazil but also around the world. LinkedIn’s about-face shows how countries are increasingly pushing back on big tech companies and forcing changes in their policies, with global implications.

A European data privacy law that came into force in 2018 has largely led to the global proliferation of alerts on websites that ask visitors to accept “cookies” or tracking software embedded in most web pages. . The European Union is now set to approve new rules that could force tech companies to run their messaging apps with competitors’ products, likely affecting people far beyond the bloc. And late last year, an investigation in Japan prompted Apple to revise rules important to many app makers, while guidelines in Britain prompted tech giants to change how apps work. their products to better protect minors around the world.

“A lot of times the trend has been real government law or regulation” forcing tech companies to rethink their policies, Donahoe said. But with the LinkedIn case, she said, “It was more of a public outcry.”

Like many countries, Brazil has a brutal history of racism. Since the arrival of the first European settlers, Indigenous peoples have been slaughtered for hundreds of years. Brazil imported more slaves than any other country and was the last country in the Americas to abolish slavery, in 1888. And today, in a country where more than half the population is black, blacks hold less than 1 in 100 business leadership positions, according to one study.

The fight for equality has gained momentum in recent years, fueled in part by a wave of affirmative action programs. In 2020, Magazine Luiza, a Brazilian retail giant with more than 1,400 stores, announced that its executive training program would be open only to black applicants.

The announcement sparked a national debate. Many conservatives in Brazil have criticized the company, calling its policies racist, while many on the left have applauded it. “We’ve been ‘cancelled’ on social media, even by members of Congress,” said Frederico Trajano, CEO of Magazine Luiza. Yet since then, similar policies in Brazil “have taken off”, he said. “The number of new initiatives is impressive.

In the United States, companies such as Google, Twitter and JP Morgan have introduced minority-restricted internship programs in recent years, designed as a way to create a more diverse talent pool. But although there have been extensive efforts to diversify the white-collar workforce at many American companies, US law generally prohibits job postings that show a preference for a specific race.

In Brazil, several recent court rulings upheld affirmative action policies, making the law clearer that companies can give preference to black and indigenous employees, said Elisiane Santos, a prosecutor with the federal prosecutor’s office in Brazil. work. “It’s definitely legal,” she said.

As a result, companies have become bolder. So when Laut, a research institute in São Paulo, published its ad for a financial coordinator who “gave preference” to black and indigenous applicants, the decision was hardly groundbreaking. It was more surprising when, three days later, on February 28, LinkedIn removed the ad and told Laut, the Center for the Analysis of Freedom and Authoritarianism, in an email that the list violated its policies.

Natura & Co, a Brazilian personal beauty company with 35,000 employees, later said LinkedIn had also pulled its ad seeking a person of color for a leadership position.

LinkedIn’s decision has reignited the national debate about affirmative action policies. LinkedIn was targeted by the left and seen as a champion of the right.

“LinkedIn’s stance toward Brazil is a colonialist use of the law to protect racism,” Pedro Abramovay, Brazil’s former Justice Ministry No. 2 official, said on Twitter.

LinkedIn’s official account responded, saying its policy applies to all users worldwide and prohibits job postings that favor or exclude applicants based on “age, gender, religion, ethnic origin, race or sexual orientation”.

Raphael Vicente, a São Paulo lawyer and professor who leads an initiative to promote affirmative action policies, has begun collecting corporate signatures for a letter protesting the policy. More than 40 companies have signed up, including Coca-Cola, Intel, Procter & Gamble, Bayer and Unilever. “Such a policy can be a huge setback for the country,” Vicente wrote, adding that it would reverse the effect of affirmative action programs that activists like him had fought for.

LinkedIn is dominant in Brazil for job postings. Brazil is LinkedIn’s third-largest market, after the United States and India, with 55 million users, or 1 in 4 people in Brazil.

After LinkedIn removed the ads, the federal prosecutor’s office in São Paulo, the federal labor prosecutor and a federal consumer rights agency all sent notices to the company asking for more information. Educafro, a racial justice group, then sued LinkedIn, claiming its policy was racist and violated Brazilian law. The group sought more than $2 million in damages, which it said it would use for black education programs.

On Tuesday, after The New York Times sought comment on the removal of job postings, LinkedIn said it was changing its policy to allow such ads, as long as they are legal in a given country. “Getting it right is important and we are committed to continuing to learn and improve,” the company said in a statement. He declined to comment further.

In 2010, a federal law in Brazil required companies to create “equal opportunities in the labor market for the black population”, without however specifying how. In 2012, Brazil’s Supreme Court upheld racial quotas in public universities. And in 2014, a new law required that 20% of people hired through civil service exams be black.

Vicente said when he and other activists began promoting affirmative action in Brazil in 2015, Brazilian businesses were still reluctant. “Now a global company has had to back down on the subject,” he said. “That message to businesses here is very clear.”

© 2022 The New York Times Company

Nearly 500 companies have withdrawn from Russia, but some remain

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3M suspend operations in Russia Abrdn suspend investment in Russia and reduce exposure Adidas suspend operations in Russia Adobe suspend all sales in Russia ADP suspend new sales/services to Russia Airbus suspend the supply of parts to Aeroflot Akamai suspend sales in Russia Akin Gump suspend operations in Russia Alphabet suspend all operations in Russia Alstom suspend shipments to Russia Amazon suspend operations in Russia American Express suspend operations in Russia Amway suspend operations in Russia AB InBev suspend production and sales licenses in Russia Apple suspend all sales Aston Martin suspend all shipments to Russia Atlas-Copco suspend deliveries to Russia Atlassian suspend sales of new software to Russia Bath suspend advice for all Russian companies bank of china restrict Russia’s access to capital markets Bentley suspend all shipments to Russia Boeing suspend operations in Russia/titanium purchases Bomber restrict new Russian business Bridgestone tire suspend manufacturing in Russia and shipments to Budvar suspend all shipments to Russia Burberry suspend all shipments to Russia Burger King (restaurant brands) stop corporate support for franchises Canada Goose suspend all shipments to Russia canadian tire close stores Russia cannon suspend deliveries to Russia CBRE suspend new investments in Russia Chanel suspend all operations in Russia Chipperfield suspend operations in Russia Cisco suspend all operations in Russia Town broaden the scope of the exit process Citrix suspend all sales to Russia Claire Gottlieb suspend Russian operations Clorox suspend business activity in Russia CMA-CGM suspend all shipments to Russia Coca Cola suspend certain operations in Russia Relevant Communications cut off all internet to Russia Commerzbank suspend operations in Russia Compliant suspend distribution operations in Russia Continental suspend operations in a factory Dassault Aviation suspend all shipments to Russia Debevoise & Plimpton suspend operations in Russia Dell suspend all shipments to Russia German Bank end its activities in Russia DHL suspend all shipments to Russia Diageo suspend all shipments to Russia Direc TV cut Kremlin-backed TV networks Discover suspend efforts to establish Russian presence disney pause new content releases DSV A/S suspend all shipments to Russia Dunkin’ Donuts stop corporate support for franchisees To kiss suspend the supply of parts and services to Russia Ericsson suspend all shipments to Russia Estee Lauder suspend operations in Russia fedex suspend all shipments to Russia Ferrari suspend sales in Russia Ford suspend joint ventures in Russia Geberit cease all operations in Russia but continue to pay employees GM suspend all shipments to Russia Bimbo Group suspend Russian operations H&M suspend all shipments to Russia Hapag Lloyd suspend all shipments to Russia Harley-Davidson suspend all business in Russia Heidrick and the struggles suspend all operations in Russia Herbalife suspend sales and shipments to Russia Hermes suspend all operations in Russia Hitachi-built suspend all shipments to Russia HMM suspend all shipments to Russia Honda suspend all shipments to Russia Honeywell suspend virtually all sales in Russia HP Inc. suspend all shipments to Russia HP Enterprise (Independent of HP Inc.) suspend all shipments to Russia hyundai suspend manufacturing in Russia IBM suspend technology sales to Russia on February 24 Ikea suspend all operations in Russia Imperial Marks suspend operations in Russia In effect suspend service in Russia Inditex close Russian stores and suspend sales Intel suspend sales to Russia Intuitive suspend customer accounts Iveco suspend deliveries to Russia Jaguar suspend all shipments to Russia JCB suspend operations in Russia JD Sports suspend operations in Russia Johnson Controls suspend operations in Russia Juniper Networks suspend sales in Russia JYSK suspend operations in Russia Kering close all stores in Russia Kinross Gold suspend operations in Russia Komatsu suspend all shipments to Russia Lego suspend all shipments to Russia Leica Camera AG suspend operations in Russia Levi Strauss suspend all sales in Russia Lexmark suspend shipments to Russia LG Electronics suspend all shipments to Russia Lindt Sprungli suspend operations in Russia Logitech suspend shipments to Russia L’Oreal suspend operations in Russia Louis Dreyfus suspend operations in Russia Lumen cut the networks to Russia LVMH suspend all operations in Russia Maersk suspend all shipments to Russia magna hang russian plants Mango suspend direct operations in Russia Marks & Spencer suspend all shipments to Russia MasterCard suspend operations in Russia Mattel suspend shipments to Russia Mazda suspend all shipments to Russia McCain Foods suspend operations in Russia McCormick suspend operations in Russia McDonald’s suspend direct/restaurant operations Mercedes-Benz suspend all shipments to Russia Meta suspend Russian advertising Metso Outotec suspend all shipments to Russia Mettler Toledo suspend all shipments to Russia Microsoft suspend all operations in Russia Moncler suspend operations in Russia Maternal care suspend operations in Russia MVRDV suspend operations in Russia Neste Oyj suspend Russian oil purchases NHL suspend all partnerships in Russia Nike suspend all operations in Russia nintendo suspend all sales in Russia Nissan suspend all shipments to Russia nokia suspend all shipments to Russia Nvidia suspend all sales in Russia Oracle suspend all operations in Russia panasonic suspend operations in Russia Daddy Johns suspend support for all Russian franchises Primordial pause new content releases in Russia Payer close russian accounts PayPal suspend operations in Russia Ponsse PLC cease all operations in Russia Prada suspend operations in Russia Preem AB suspend Russian oil purchases Puma suspend all shipments to Russia HPV suspend operations in Russia Qualcomm suspend shipments to Russia Rabobank restrict Russia’s access to capital markets Ralph Lauren suspend operations in Russia Raytheon suspend operations in Russia Global Remittance stop accepting new users in Russia Renault suspend operations in Russia Richemont suspend all operations in Russia Ricoh suspend shipments to Russia Rockwell Automation suspend operations in Russia Rolls Royce suspend all shipments to Russia Selling power suspend operations in Russia Samsonite International suspend operations in Russia Samsung suspend all shipments to Russia sandvik suspend all operations in Russia Scandinavian tobacco suspend most operations in Russia Scania suspend all sales in Russia Skoda suspend all production in Russia Break suspend all sales to Russia SonoSim suspend the distribution relationship in Russia sony suspend the release of new films in Russia, suspending sales of consoles and games in Russia Starbucks suspend all operations in Russia Stellantide suspend operations in Russia Subaru suspend all shipments to Russia Sample suspend direct operations in Russia Sylvamo suspend operations in Russia ThermoFisher suspend sales and manufacturing in Russia ICT Tac suspend operations in Russia Timken suspend operations in Russia Toyota suspend all shipments to Russia Trane Technology suspend shipments to Russia Trimble suspend all sales in Russia TSMC suspend all shipments to Russia Dual disc suspend all shipments to Russia Twitter suspend certain operations in Russia under protection suspend all shipments to Russia Uniqlo/Fast Retailing suspend operations in Russia Universal suspend operations in Russia UPS suspend all shipments to Russia Valero Energy suspend Russian oil purchases Valio suspend operations in Russia Visa suspend operations in Russia Viva Energy suspend Russian oil purchases VMWare suspend operations in Russia volkswagen suspend all shipments to Russia VOLVO suspend all shipments to Russia Warner Media pause new content releases Western Union suspend operations in Russia Wise API suspend Russian partnerships Photocopy suspend shipments to Russia ZHA suspend operations in Russia

Sports Fanatics Should Consider Buying These Three Stocks, Says Jim Cramer

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On Friday, CNBC’s Jim Cramer offered three stock picks for investors who dream of owning a professional sports team but can’t afford the billions of dollars.

“Owning common stock won’t get you in the way of influencing trades or attending owner meetings, going through the draft – you’re very ready for the journey – but you get a real economic stake in these teams,” a said the “Mad Money” host.

“You have a lot of options if you want to own part of a professional sports team or even an entire league, but those aren’t always the best stocks,” he later added.

Here is the list of the three actions recommended by Cramer:

  1. Liberty Braves Group
  2. Formula 1 Group
  3. Endeavor Group

“I love Liberty Braves. I love this Formula 1 for the pure games and Endeavor for the live entertainment and this awesome UFC kicker,” he said.

Cramer added that he thinks Madison Square Garden Sports and Manchester United are doing “more or less well”, saying the former’s action is “totally underrated, but there’s not necessarily a good way to unlock this value”.

Regarding Manchester United, Cramer said that while the team could get a boost if rival franchise Chelsea Football Club were sold at a good price, he would “always prefer to own something with better finances”.

Disclosure: Jim Cramer is represented by talent agency Endeavour.

Register now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

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North Perth sticks to ‘tried and true’ voting methods

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NORTH PERTH – With North Perth’s next election fast approaching, the municipality has considered changing voting methods. Although most residents say online voting is their preferred method, the municipality chooses to stick with pen, paper and vote tabulators.

In a report delivered at the March 21 council meeting, Legislative Services Supervisor Lindsay Cline recommended sticking to the methods used in the last election in 2018. The reason is simply a lack of time. A decision on which methods will be used must be made before May 1. After that, the equipment must be approved by June 1.

“We are only seven months away from the October elections,” Cline said. “And with this tight deadline, it would be quite difficult to introduce a new method of voting for the municipality in terms of finalizing the procurement process, developing new procedures and educating the public. The recommended method has proven itself.

Paper and vote tabulators have been in use since 2001, but as Councilor Lee Anne Andriessen pointed out, the last election saw only 24-31% turnout. It was in 2018 and before the pandemic.

“I’m quite disappointed that we can’t offer internet voting,” she said. “I really want to support the current use of voting metrics that we have used in person in the past. I think that’s great, and people appreciate that.

“But I also think Internet voting might help increase turnout.”

Cline shared Andriessen’s concerns but reiterated that the timing was not right.

“I don’t think there’s enough time to get a new system and do the due diligence and testing to make sure everything about internet voting, like providing security and all that. I just don’t think we have enough time to do that for this year’s election.

As part of its survey of voting practices, the municipality released an online survey to gauge the community’s preferred method of voting. Your Say North Perth found that half of participants listed ‘Internet’ as their preferred method of voting.

Some cited social distancing as the reason for the decision. Some, who did not prefer the internet, cited security as the reason they wanted to vote on paper in person.

One survey respondent concisely summarized his reasoning for Internet voting:

“Facilitate. Pressure. Schedule.”

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SIKA CLOSES THE TRANSACTION CONCERNING THE SALE OF EUROPEAN

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Ad hoc announcement pursuant to Article 53 of the Listing Rules of SIX Exchange Regulation


SIKA CLOSES THE TRANSACTION CONCERNING THE DISPOSAL OF ITS EUROPEAN INDUSTRIAL COATINGS ACTIVITIES

Sika has finalized the transaction related to the sale of the European industrial coatings business. The deal was announced on August 19, 2021. The associated sale proceeds amount to €200 million. The transaction will have a one-time positive impact on Sika’s profitability in the first half of 2022. The final effect on the financial statements will be presented in the half-year report to be published on July 22, 2022.

COMPANY PROFILE SIKA AG
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, strengthening and protection in the building and construction sector. ‘automobile industry. Sika has subsidiaries in 101 countries around the world and manufactures in more than 300 factories. Its more than 27,000 employees generated an annual turnover of 9.3 billion francs in 2021.

CONTACT
Dominik Slappnig
Business communication &
Investor Relations
+41 58 436 68 21
[email protected]

The press release can be downloaded from the following link:
Press release

Dentons advises Pyrum Innovations on dual listing on the German stock exchange

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Global law firm Dentons advised Pyrum Innovations AG on its dual listing on the Frankfurt Stock Exchange. Pyrum is now listed on the “Scale” segment of the exchange, which provides small and medium-sized businesses with access to investors and equity financing. Today’s German listing follows Pyrum’s listing on the Euronext Growth segment of the Oslo Stock Exchange in September 2021.

The dual listing was accompanied by ICF Bank.

Founded in 2007, Pyrum quickly became a pioneer in the GreenTech sector. It is based in Dillingen, Saarland, Germany and sustainably recycles old tires with its innovative pyrolysis technology. The company develops, builds and operates plants that recover high-quality raw materials such as oil, gas and coke from used tires, rubber and plastic waste, which are then fed back into the material cycle. . The process is energy self-sufficient and saves a large part of the CO2 emissions normally produced during the disposal of used tires. In addition, the GreenTech company is researching new incoming materials as well as new raw materials to be produced. BASF has held a stake in Pyrum Innovations AG since September 2020 and guarantees the purchase of the thermolysis oil produced by Pyrum and its subcontractors.

“We are proud to have had the opportunity to accompany Pyrum in this important step of its growth strategy. Following its private placement on Euronext Growth in Oslo last year, its listing on Deutsche Börse will expand the company’s access to international capital markets. Pyrum’s business model exemplifies ESG innovation, and the company is a pioneer in forming partnerships with leading manufacturers in the automotive industry,” commented Robert Michels, Senior Partner.

A Dentons team from Frankfurt provided comprehensive legal advice to Pyrum on dual listing and accompanying company law issues. The team also supported the company, together with Norwegian law firm Advokatfirmaet Selmer AS, in its private equity placement on the Euronext Growth segment of the Oslo Stock Exchange (OSE) in September 2021.

Advisors to Pyrum Innovations AG:

Dentons (Frankfurt): Robert Michels (Partner, lead, Capital Markets), Dr. Robert Weber (Partner, Corporate), Valeria Hoffmann (Counsel), Nadja Reiß (Associate, both Capital Markets), Greta Gauch (Associate, Corporate), Cedine Benson (Trainee ).

Google Play April system update to improve Play Store experience

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Inasmuch asgoogleInasmuch as is ready with its next set of monthly updates. The tech giant recently announced its release in April for Play Store Updateswhich is scheduled to go online from April 1st.

However, this time we get a sneak peek at the details of the upcoming April update.

Unlike a regular update released separately via System Updates, Google’s April 2022 System Updates will be addressed via Auto-Update, making it available to all Android phones.

The April 2022 Google Play System Update will begin rolling out to Android phones, tablets, Android TV, and Google TV Gadgets start April 1. Bug fixes and system management services updates will be delivered with Google Play Services v22.12.

In the meantime, other upgrades, such as new Play Pass and Play Points features, improvements to Google Play Billingand performance optimizationswill appear as part of Google Play Store v29.9.

To see the benefits of these improvements, you’ll need to make sure your device has the Google Play system update for April, Play services version 22.12, and Play Store form 29.9, all of which will be released on April 1. .

The easiest way to check if you want to update Google Play Services on your phone is to follow a direct link to the app’s Play Store listing and update from there, if available. To update the Play Store, tap the symbol in the corner, then go to “Settings”. In the “About” section, you will see an option to “Update the Play Store”.

You can view the full list of changes at Google Play support page.

India Inc seeks to rethink related party rules

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On March 23, the Confederation of Indian Industry, on behalf of conglomerates such as Tata Group, Adani Group and Mahindra Group, suggested that the Securities and Exchange Board of India (Sebi) amend the standards and postpone the changes at least six months.

The CII presentation suggested that the market regulator raise the materiality threshold of 1,000 crore to 10,000 crore or just continue with the clause “10% of turnover” rather than an absolute value.

Conglomerates fear that a low threshold, given their large size, will require them to go through several lengthy shareholder approval processes, delaying their ability to react to market conditions and competition and posing other challenges. operational. “They will cause a significant delay in the execution of transactions, projects, consolidation and expansion, which will consequently lead to a slowdown in business,” said one of the people on condition of anonymity.

“Such materiality threshold standards and a definition of related parties are unprecedented in any major economy. 1,000 crore is a very small amount in large business groups. If subject to the materiality clause, public shareholders would have to be approached to run a company every week and then wait for months for their approval. All day-to-day operations will be at the mercy of shareholders who may not even fully understand the business and business arrangements within the group or its financiers,” said the second person, who also requested anonymity. .

In November, Sebi proposed amendments to standards on related party transactions, some of which take effect April 1, 2022 to improve corporate governance standards among publicly traded companies.

In response to concerns raised by conglomerates, Sebi said there is a provision in the new standards for an omnibus resolution mechanism whereby companies can seek shareholder approval once a year for multiple resolutions rather than approach each time a transaction exceeds the Threshold of 1,000 crore, said a person close to the market regulator.

“Every time there is a change in policy, companies oppose it. Unless there is an acute crisis or widespread demand for a makeover, Sebi’s PMAC (Primary Market Advisory Committee) may not review the new standards. Sebi will analyze from April 1 how listed companies are handling the new rules. As such, Sebi believes that most groups should face no challenges if they wish to improve their corporate governance standards and enhance their valuations,” the person said on condition of anonymity.

An email sent to Sebi went unanswered. Spokespersons for Tata Sons, Mahindra Group and Adani Group declined to comment.

In the November directive, Sebi said any transaction worth 1,000 crore or 10% of the company’s consolidated revenue would be considered a material transaction, and this should only be done after obtaining shareholder approval.

The regulator also said such transactions, even between two foreign subsidiaries of the company, should be considered material and require shareholder approval.

These standards, if implemented, will complicate the operations of large conglomerates that have multiple global subsidiaries.

They fear that the new standards will hamper day-to-day operations even at the subsidiary level and delay or block the normal functioning of large listed multinationals, the people quoted above said.

The new definition of materiality and transactions with related parties includes the value of orders taken by subsidiaries, temporary guarantees provided by holding companies, intercompany loans, transactions between promoters and subsidiaries abroad, etc.

Sebi wants to tighten the standards so that companies in the promoter group are discouraged from entering into transactions that only benefit them rather than minority shareholders.

Large conglomerates argue that materiality thresholds vary from company to company, depending on size.

“The provision of parent company guarantees to third parties on behalf of subsidiaries is a common occurrence, and customers of subsidiaries/joint ventures expect the parent company to provide such financial guarantees. It may not be possible for shareholders to understand the significance of such business deals, and therefore seeking their approval may not only be meaningless, but may also unnecessarily delay operations,” the company said. first person.

Sebi’s proposal to bring transactions with subsidiaries and between subsidiaries within the framework of related party agreements also meets with opposition from conglomerates.

Even if two unlisted subsidiaries inside or outside India cross the materiality threshold, the shareholders of the listed entity will have to approve such a transaction.

It gets even more complicated if those subsidiaries are based overseas and are governed by their local laws, as Sebi’s latest proposal will essentially place foreign companies under the domain of its registration regulations, the people said.

The requirement to obtain approval for transactions between two foreign subsidiaries of the listed Indian holding company may also constitute a violation of the autonomy of the board of directors of the foreign subsidiary and could be contrary to fundamental principles of international law, according to the Confederation of Indian Industry.

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Kroger opens ad inventory to third-party platforms in latest large-scale game

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Diving brief:

  • Kroger Precision Marketing (KPM) at 84.51°, the retail media unit of grocery giant Kroger, will allow advertisers to purchase product listing ads on its web properties using select platforms third-party management, according to news shared in an email with Marketing Dive.
  • Pacvue, Skai and Flywheel are the first ad tech companies with access to Kroger’s API, while WPP’s GroupM media buying arm is one of the first agency partners testing the capability. The idea is to make it easier to execute and manage Kroger on-site campaigns using external retail media platforms that are already popular with brands and agencies.
  • Kroger said the expansion of ad technology options complements the continued traction of sponsored product listings. Nearly 2,000 brands now use KPM’s product listings, and 38% of clicks generated by the format come from households new to the brand, according to internal KPM data.

Overview of the dive:

KPM has made a point of positioning its retail media business around flexibility for advertisers. Opening up the ability to buy ads through third-party campaign management platforms further reinforces this approach and could court brands already familiar with Pacvue, Skai and Flywheel, three popular players in the nascent retail media category.

CPG marketers have increased their spending on retail media as e-commerce adoption explodes and looming cookie deprecation forces a change in thinking about ad targeting. While a greater variety of digital platforms to advertise on can be seen as a positive development, some companies have expressed concern that retailers are offering their own version of walled gardens.

KPM has attempted to assuage these concerns by emphasizing transparency and media accountability. Providing more technology choice could also accelerate the growth of ad formats that are already gaining traction, such as sponsored product listings.

“Expanding access through ad management platforms will unlock even greater discovery, help brands measure the impact of their advertising, and ultimately improve how consumers engage with these brands,” Michael Schuh, vice president of media strategy at KPM told 84.51°, in a press statement.

Kroger, which is the largest grocery chain in the United States, promotes product listing ads as an effective way for brands to break in to new consumers in the crowded digital aisle. The company serves approximately 60 million households annually and offers “closed loop” measurement capabilities where it can match household exposure to actual purchases in its stores.

KPM has taken further steps to expand its advertising business in recent months. In October, it opened a private programmatic market building on its troves of first-party data, including transactions related to its loyalty program. The launch marked the first time brands have received self-service access to KPM’s targeting solutions, retail performance metrics, and quality checks such as security verification and labeling. the brand. A month later, KPM officially rolled out a collaborative cloud for marketers looking to leverage its transaction data. Reddi-wip, Slim Jim and Vlasic had been testing the product for over a year.

KPM’s continued additions to its retail media network also come as rivals up their bets to capture more brand dollars. Albertsons unveiled the Albertsons Media Collective and its intentions to take greater control over its media business in November, ending a partnership with Quotient. The platform started running campaigns last month.

Motherson Sumi Wiring share price: Post-split Motherson Sumi Wiring stock listing increases by 5%

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New Delhi: Motherson Sumi Wiring India, the spun off entity from Motherson Sumi Systems, made its stock market debut on Monday, with the scrip rising as much as 5%.

Shares of Motherson Sumi Wiring India are listed at Rs 66 on the BSE, after which the meter hit the upper circuit by 5% at Rs 69.30. However, the company’s shares were trading at Rs 67.50 as of 10:10 a.m. On NSE, the stock opened at Rs 65.20 and hit a high of Rs 68.45 so far in trade.

Shares of Motherson Sumi were trading down almost 2% at Rs 133.30 on BSE.

BSE Barometer and Benchmark Sensex was trading 332.63 points or 0.58% lower at 57,029.57 at the time of writing.

Motherson Sumi Systems said in January 2021 that it would spin off its wire harness business and list it as a separate entity. The promoters of the company are Motherson Sumi and Sumitomo himself.

The stock will be in the trade-for-trade segment for 10 days, which means no intraday trading will be allowed. If you buy on March 28, you will have to take delivery of these transactions.

Motilal Oswal analysts said that Motherson Sumi Wiring offers a purely Indian play on the automotive industry, with a focus on the attractive wiring harness sector.

“The company enjoys leadership in the Indian wire harness market, with an estimated market share of over 40%. The wire harness business is benefiting from mega trends (premiumization, increasing use electronics and electrification) that are manifesting in automotive.This, coupled with a strong JV partner and market leadership, has resulted in strong operational performance for MSWIL, as evidenced by continued growth over higher than underlying industry volumes, industry-leading capital efficiency and strong balance sheet,” the brokerage said.

MOSL is currently pricing MSWIL, under its SoTP for Motherson Sumi Systems, at 35x FY24E EPS or Rs 81 per MSWIL share. It deserves rich valuations due to its strong competitive positioning, first-decile capital efficiency, and benefiting from the transition to electric vehicles and other megatrends in the automotive space, the company added. brokerage house.

Tax Refund Delays: The Top 9 Reasons Your IRS Money Is Late

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Some delays can be avoided with good preparation while others are less avoidable.

Sarah Tew/CNET

This story is part Taxes 2022CNET’s coverage of the best tax software and everything you need to file quickly, accurately and on time.

you have about another three weeks file your tax return or request an extension — the day of the tax deadline is April 18. If you have already submitted your tax return and are waiting for a tax refundit should arrive in about 21 days, assuming you e-filed it with direct deposit.

But what if three weeks have passed since your deposit and there is still no refund? the IRS announced March 23 that some refunds might take a little longer, listing a variety of common factors that can delay your tax refund arriving on time.

“The IRS warns taxpayers not to count on receiving a refund by a certain date, especially for large purchases or bill payments,” the agency said. You should also be aware that it may take the bank several days to process the deposit before it reaches your account. Online payment services like Venmo and Cash App avoid processing delays and deliver your money two days early.

Read on to learn about some of the most common reasons your IRS money could be delayed this year. To find out more, find the best free tax softwaresee how track your refund to your bank account Where your mailboxand learn to create an IRS account online. We will keep this story updated.

Your tax return contains errors or is incomplete

When you file your tax return, it’s important to check all the information you’ve included to make sure it’s accurate. For example, do not confuse the number of state taxes withheld with federal taxes withheld. Before submitting your taxes to the IRS, simply take a look to correct any potential errors and make sure you have completed each field.

Also, if you received child tax credit payments last year, make sure the amount Letter 6419 is the amount you received. If an incorrect amount is entered, the IRS will need to examine your tax return further, than the the agency says will result in “significant delay”.

Note that if there is an issue that needs to be resolved after you submit your return, the IRS will first attempt to proceed without contacting you. This means that it may take days or weeks before you know there is a problem.

You owe money to the IRS

If you owe the IRS back taxes, the agency may take all or part of your tax refund to pay off that debt. If your refund contains more money than you owe, you will receive the remaining balance by direct deposit or by check in the mail, but this may be delayed. Taxpayers whose refunds are used by the IRS to cover existing payment obligations should receive a Notice CP49 in the email.

Even if you don’t owe the IRS any money, the agency may keep your tax refund money if you have other debts to state or federal agencies. the Treasury compensation program allows the IRS to take all or part of your tax refund to pay obligations such as alimony, state taxes, or unemployment compensation refunds. Such debts could delay the arrival of your remaining tax refund or eliminate it altogether.


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Child tax credit: everything we know


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Your bank details are incorrect

Have you changed your bank account since your last tax return? If so, pay close attention to what the direct deposit information says when you file your return this year. If you accidentally forget to update it with your new direct deposit details, your refund will be returned to the IRS. This will likely result in a paper check being sent to your doorstep, which could take several weeks longer to arrive.

You filed a paper tax return

This year, the IRS is encouraging taxpayers to file electronically and set up direct deposit to collect their refunds faster. With mail delays, it may take the IRS a while to receive your return in the mail and even longer to issue a paper check.

Filing your return online rather than by mail is more important than ever this year to avoid late refunds, the taxman says. Instead of a paper tax return, use one of these free online tax filing services so you don’t have to wait to receive your money.

You didn’t enter your stimulus payments correctly

In 2021, most Americans received a third stimulus check payment tied to the Covid-19 pandemic. Although this money is not taxable, it must be reconciled on your tax return if you are claiming the salvage rebate credit.

During the last House Ways and Means Committee testimony, IRS Commissioner Charles P. Retting said that in 2020 the IRS “received well over 10 million returns” where taxpayers did not properly reconcile their stimulus payments with the amounts seized for their salvage rebate credits. These returns require manual review and create long delays.

If you plan to claim the recovery refund credit on your tax return, learn how to avoid this mistake by using IRS Letter 6475 or your online IRS account.

tax-credit-child-stimulus-payment-cash-300-a-month-per-kid-2021-cnet-how-to-claim-015

The child tax credit money has been out since mid-February.

Sarah Tew/CNET

You filed Form 8379, Injured Spouse Allowance

It sounds painful, but this form has nothing to do with physical injuries or disabilities.

When a married couple jointly files a federal debt, the IRS can garnish their tax refund to offset the money they owe. If only half of the couple owes the money, the other partner may be considered “aggrieved” and claim at least part of the expected tax refund. Enter IRS Form 8379.

Although not as common as some of the other causes, this late tax refund is significant. According to form 8379 instructionstaxpayers filing the form should expect a processing time of up to 14 weeks, or 11 weeks if filing electronically.

The IRS suspects identity theft

If the IRS flags a tax return as having a possible risk of identity theft, the agency will hold your refund until your identity is verified. When this happens, you will likely receive a Letter 5071C which provides instructions for proving your identity. If your tax return is legit, don’t panic – a letter from the IRS doesn’t mean there’s proof of identity theft, just a suspicion.

Taxpayers can verify their identity on the IRS websitewhich currently requires create an ID.me account, or by calling a dedicated phone number listed on the IRS letter. If these methods fail, you will need to schedule an in-person appointment at a local IRS office.

One method to avoid delays related to identity theft is to create an “Identity Protection PIN” or PIN-IP. This unique six-digit identifier is known only to you and the IRS and prevents anyone from filing a return on your behalf. The IP PIN will only last for one year – you will need to create a new one next tax season if you want the same level of identity protection. You will need an ID.me account to create an IP PIN online, although it is possible to acquire an IP PIN using IRS Form 15227 (PDF) and a telephone interview or in-person appointment.

You have filed an amended tax return

It can happen to anyone – you forgot a form or major deduction, or you accidentally chose the wrong filing status. If the change to your return is significant enough, you will want to file an amended return. The IRS allows anyone who files their tax return electronically to also file their amended return, but only for the current year.

If you file an amended return, you will need to be patient. The IRS warns that amended returns may take up to 16 weeks treat. Before filing an amended return, you may want to wait to receive the tax refund from your original return. The IRS can often correct small errors and adjust your tax refund accordingly. The agency provides you with an online tool to help you determine if you need to file an amended return.

Your statement requires further investigation

As mentioned above, if you see a message that your tax return needs further review by the IRS, you can expect your refund to arrive later than the three-week average. For example, if you receive a Notice CP07, this means the IRS has received your tax return and is holding your refund until further review. You may receive this notice if you are claiming treaty benefits or deductions from the Annex A section (PDF) of your taxes.

If the agency finds no issues, your refund could arrive in six to 12 weeks, assuming no tax is due. If the IRS finds any issues with your return, they will send you a notice with instructions on what to do within that same time frame. This means that you will receive your refund months later than expected.

For more information, here are the most important dates and deadlines to file your taxes. Too, here are 10 tax changes which may affect the amount of your refund, and 13 deductions and tax credits to boost your refund.

sse: Sse Draft Rules For Listing Ngos In 6 Months | News from Vadodara

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Vadodara: The Institute of Chartered Accountants of India (ICAI) will be ready with its recommendations regarding rules, regulations and reporting standards for the listing of social enterprises including non-governmental organizations on the Social Exchange (SSE) in the next six months.
The Securities & Exchange Board of India (SEBI) last year approved the establishment of SSEs through which social enterprises (SEs) in the country can be listed on the stock exchange.
SSE is a new concept in the country and such an exchange is intended to serve private sector and non-profit providers by channeling more capital to them.
“ICAI has been appointed as a technical partner by SEBI. We have already prepared the course curriculum to prepare the social auditors, who will play a key role in carrying out the performance assessment of listed NGOs or SEs,” said Dr. Sanjeev Kumar Singhal, Chairman of the Reporting Standards Board Sustainable Development Committee and member of the ICAI Central Council. as well as a member of the technical group set up by SEBI. Singhal was in Vadodara to attend a seminar on legal audit of bank branches organized by the Vadodara branch of the ICAI.
“Our (technical) group has set a target of six months to prepare the rules and regulations being developed and to prepare the reporting standards,” he said, adding that unlike listed companies, NGOs will be listed on the zero coupon, zero principal model.
He said that even though only 1% of the estimated 34 lakh NGOs are listed on SSE, nearly 34,000 NGOs are expected to be listed on the exchange.
“This in turn will require almost 3,400 social auditors who will be given the task of preparing the performance assessment of the listed NGOs. We have already prepared the program for the same,” he said.
SSE will not only help NGOs raise capital, but will also ensure that there are sufficient checks and balances when it comes to the use of charity made by people in general.

US FCC adds Russian telecommunications companies Kaspersky and Chinese to list of national security threats

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WASHINGTON, March 25 (Reuters) – The Federal Communications Commission (FCC) added Russian companies AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to its list on Friday. communications equipment. and service providers deemed threats to the national security of the United States.

Last year, the regulator named five Chinese companies, including Huawei Technologies Co (HWT.UL) and ZTE Corp (000063.SZ), as the first companies on the list, which was mandated under a law of 2019. Kaspersky is the first listed Russian company.

FCC Commissioner Brendan Carr said the new designations “will help protect our networks from threats posed by Chinese and Russian state-backed entities that seek to engage in espionage and harm the interests Americans”.

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US officials have long said that running Kaspersky software could open US networks to malicious activity from Moscow, and banned Kaspersky’s flagship antivirus product from federal networks in 2017. Moscow-based Kaspersky has consistently denied being a tool. of the Russian government,

In naming Kaspersky, the FCC announcement did not cite Russia’s invasion of Ukraine or President Joe Biden’s recent warnings of potential Russian cyberattacks in response to US sanctions and government support. ‘Ukraine.

Kaspersky said in a statement that it was disappointed with the FCC’s decision, saying it was “made for political reasons.” The decision was “without merit and is a response to the geopolitical climate rather than a full assessment of the integrity of Kaspersky’s products and services,” the company said.

The Chinese Embassy in Washington said on Friday that the FCC “abused state power and again maliciously attacked Chinese telecom operators without factual basis.” The United States should immediately stop its unreasonable crackdown on Chinese companies.

“China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises,” he added.

Chinese companies did not immediately comment.

In October, the FCC revoked China Telecom’s US authorization (Americas), saying it “is subject to the operation, influence and control of the Chinese government.” [nL1N2RM1QE]

The FCC cited its previous decisions to deny or revoke the ability of Chinese telecom companies to operate in the United States in its decision to add them to the list of threats.

The FCC also revoked the US authorizations of China Unicom (0762.HK) and Pacific Networks and its wholly-owned subsidiary ComNet.

In 2019, the FCC rejected China Mobile’s bid to provide US telecommunications services, citing national security risks.

Inclusion on the “covered list” means that money from the FCC’s $8 billion annual Universal Service Fund cannot be used to purchase or service the companies’ products. The fund supports telecommunications for rural areas, low-income consumers and facilities such as schools, libraries and hospitals.

Last year, the FCC also named Hytera Communications (002583.SZ), Hangzhou Hikvision Digital Technology (002415.SZ) and Dahua Technology (002236.SZ) as security threats.

FCC Chairman Jessica Rosenworcel said the agency was working closely with US national security agencies to update the list and would add other companies as needed.

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Reporting by David Shepardson and Raphael Satter Editing by Jonathan Oatis, Cynthia Osterman and Leslie Adler

Our standards: The Thomson Reuters Trust Principles.

United Rentals named to Newsweek’s 2022 America’s Most Trusted Companies list

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United Rentals, Inc. (NYSE: URI) today announced that it has been selected by Newsweek as one of America’s Most Trusted Companies for 2022. United Rentals was ranked first in its category. This prestigious award is presented by Newsweek and Statista Inc., the world’s leading statistics portal and industry rankings provider. The list of awards was announced on March 22, 2022, and can currently be viewed on Newsweek’s website.

America’s Most Trusted Businesses in 2022 have been identified in an independent survey based on a large sample of approximately 50,000 US residents who rated the businesses they know on all three trusted touchpoints. A total of 110,000 reviews were submitted. All publicly traded companies with revenue above $500 million in 2020 were considered in the study.

The 400 most trusted companies across 22 industries were chosen based on a holistic approach to assessing trust. The three main public trust touchpoints were considered: customer trust, investor trust, and employee trust.

“Being named one of America’s Most Trusted Companies is truly a testament to the capability, strength and character of our team and our core values,” said Craig Pintoff, executive vice president and chief administrative officer. from United Rentals. “Knowing that our employees and customers have confidence in our ability to build a better future together is an honor. »

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,288 rental locations in North America, 11 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and all Canadian provinces. The company’s approximately 20,400 employees serve customers in construction and industry, utilities, municipalities, landlords and others. The company offers approximately 4,300 classes of equipment for rent at a total upfront cost of $15.79 billion. United Rentals is a member of the Standard & Poor’s 500 Index, Barron’s 400 Index and Russell 3000® Index and is headquartered in Stamford, Connecticut. Additional information about United Rentals is available at unitedrentals.com.

GAIMIN Provides Blockchain and NFT Technology to Games – Sponsored Bitcoin News

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PRESS RELEASE. GAIMIN has successfully developed and tested an application to monetize the underutilized processing power of high-performance PCs, creating a supercomputer-grade distributed data processing network by exploiting the worldwide availability of high-performance GPUs.

GAIMIN’s target audience is the PC gamer. Players have the high-performance devices in their gaming PCs, which are required by GAIMIN to build the distributed data processing network. Accessing these devices when not in use for gaming is essential, with GAIMIN rewarding users for allowing the use of their devices. The rewards come in the form of GAIMIN’s own cryptocurrency, GMRX, which will soon be listed on exchanges and will therefore provide the player with either a fiat-based monetary value for their participation or an accumulated reward that they can spend on props, merchandise, or in-game assets, including NFTs.

During research, GAIMIN found that gamers only used their computers for about 4 hours a day, leaving them on, but idle. GAIMIN’s app identifies devices that aren’t being used for gaming and puts them to work, creating a distributed data processing network and providing passively earned rewards to gamers allowing their devices to be used. In early trials, GAIMIN users could generate over $30 per month, with revenue increasing based on a number of factors, including GPU performance, GPU active hours, number of hours spent playing. In testing, some users with the top-tier GPUs could generate over $100 per month.

Rewards are paid out in GAIMIN’s cryptocurrency, GMRX, which accumulates over time and is never “lost”. GMRX can be used to purchase game assets including hardware, merchandise and NFTs from the GAIMIN marketplace. With an upcoming exchange listing, GMRX can also be used to buy other cryptocurrencies or sold for withdrawal as fiat currency through the exchange.

Maximize player rewards

In order to incentivize users to continue participating in the GAIMIN network with their devices, GAIMIN continuously improves its AI-based platform to identify the most profitable use of the devices available within the network and maximize the rewards returned to users and the company. GAIMIN is currently using this network of processing capacity to “power blockchain computations,” commonly referred to as mining. Blockchains are part of the technology underlying new advancements such as cryptocurrencies, non-fungible tokens (NFTs), and the metaverse. Using AI, the GAIMIN platform selects the most profitable blockchain to power and returns up to 90% of the rewards to users. GAIMIN has already tested other uses of the data processing network and successfully provided video rendering services. GAIMIN intends to expand the functionality of the application, allowing businesses to perform high-demand data processing tasks without major infrastructure changes.

As a game company, GAIMIN develops a range of products and services for gamers. This allows users to use their GMRX winnings as in-game currency and acquire in-game assets for gaming advantage. Key to GAIMIN’s philosophy is to ensure the player has an ongoing engagement with GAIMIN primarily through GMRX and its ability to be easily acquired (outside of game), used in game, or transferable to other games or used to obtain another crypto or fiat currency.

GAIMCRAFT Overview

GAIMIN’s approach to ongoing player support is called GAIMCRAFT. Simply put, GAIMCRAFT uses GAIMIN technology and integrates it into games.

The first release of GAIMCRAFT focuses on Minecraft and introduces a blockchain and NFT plugin to provide a Minecraft metaverse. GAIMIN users store their acquired NFTs in their GAIMIN wallet which can then be used in games that support NFT and blockchain technology. GAIMIN’s Minecraft plugin directly allows GAIMIN users to create their metaverse environment through their NFTs and use their GMRX currency in the metaverse economy.

A key attribute of the GAIMIN metaverse plugin is the ability for the player to earn unique NFTs and increase their GMRX value by allowing their devices to be used in the GAIMIN data processing network, creating a base of NFT assets with enhanced utility and attributes, only available upon participation in the GAIMIN network.

GAIMIN maintains its metaverse economy through the ability to generate GMRX outside of the metaverse and bring new cash flow into the game’s internal economy, rather than just recirculating existing cash, supporting the continuity of transactions and, above all, to help with the external maintenance of the GMRX. prices on exchanges.

Interoperable NFTs

To support an NFT’s ability to be used in a number of different games, GAIMIN NFTs are interoperable, allowing them to change depending on the game they are used in.

Interoperability is a method that allows players to take advantage of their in-game assets across a variety of titles. Each item has a representative NFT image on GAIMIN’s Marketplace and Wallets, which when purchased and used in Minecraft will appear as a Pixel/Voxel Art style item. When the same item is taken in, say, Grand Theft Auto V, it will be a high definition weapon, skinned to reflect the NFT image. All of these will have attributes and enchantments or bonuses added to them to affect overall gameplay. In other words, if a player owns a sword and moves on to a new game that doesn’t use swords, the NFT could be a flower!

GAIMIN’s Minecraft Metaverse – the first GAIMCRAFT metaverse

GAIMIN Metaverse is a Minecraft plugin that supports NFT and blockchain functionality. Minecraft players will be able to use a portal to access the GAIMIN metaverse and fully interact with the environment. Using their existing Minecraft assets and GAIMIN NFTs, players will be able to create their own unique identities in this metaverse and participate in NFT and blockchain features, such as land sales, house building, land ownership and commercial real estate development. , for example. A player can acquire a property next to a celebrity or an influencer for example, he can build a house, open a commercial building or create his own environment based on NFT and blockchain.

GAIMIN will soon open its metaverse to allow early adopters to acquire NFT and blockchain-based assets in this environment. Players will be able to purchase NFT assets and incorporate them into the GAIMIN metaverse. These NFTs will follow traditional game NFTs with different rarity and uniqueness and with different attributes depending on how the NFT is earned, purchased, or used in the metaverse.

With GAIMIN’s GMRX cryptocurrency supporting the metaverse economy, GAIMIN will use its technology to incentivize players to earn unique NFTs, with more utility and benefits than would be available upon purchase of an NFT. The alignment of GAIMIN technology with the metaverse environment encourages gamers to remain an active GAIMIN user, not just a gamer, and thus enables GAIMIN to reach its active user base and encourage users to stay active with GAIMIN.

No player left out

With a target of over one million active users in its network, the majority of which will be gamers, GAIMIN has a high level of social responsibility towards this influential community. GAIMIN will create socially responsible approaches to gaming to ensure its community balances the enjoyment of games with the non-gaming aspects of their lives.

GAIMIN will bring the game to underdeveloped countries and communities. Through future initiatives such as custom-designed dual-GPU hardware, GAIMIN will provide access to cutting-edge computing systems to underprivileged global users. The provision of IT equipment and communication infrastructure benefits not only the recipients but also GAIMIN through the processing of data. The cost of these services will be covered by the processing power used from the PC devices.

Disability and physical limitations do not exist in the digital world. GAIMIN will inherit this philosophy in the physical world. GAIMIN seeks to provide gaming devices, solutions and accessories that provide the gaming experience to people whose disabilities prevent them from fully participating in a gaming experience.

GAIMIN will integrate gamification into the GAIMIN app and dashboards. This will include themes such as personal development, personal responsibility, leadership, morals, ethics and social responsibility. Combined with the development of formalized skills, such as game development, computer programming, economics and education providers, GAIMIN has the power to shape 1.5 billion young minds.

For more information: www.gaimin.io

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Success in China, New York accountant looks to Southeast Asia for new growth

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Five years out of college in 1983, New York accountant Drew Bernstein took the leap as an entrepreneur with his childhood friend Neil Pinchuk at the right time. The start of Bernstein & Pinchuk LLP preceded a stock market boom that brought clients home and early international expansion into Europe.

Twenty years later, amid the early growth in U.S. listings by Chinese companies and the then warm ties between the two countries, Bernstein flew to northeast China to meet a potential client of a private company wishing to go public. There, Bernstein recalled that he had “the pride” to think he was ready to conduct accounting audits in a country still in a disorderly transition from its Maoist days to a globalized, market-driven economy.

It paid off. Bernstein & Pinchuk spun off the Chinese portion of the business into a joint venture with Marcum LLP in 2011. Today, MBP, Bernstein’s combined co-president company, has nearly 200 people working in mainland China, including six partners in five cities that represent an example of American entrepreneurial success in the country.

However, times are changing. Geopolitics, combined with regulatory uncertainties in China and the United States, has slowed booming listings in New York and Nasdaq by growing mainland companies such as Alibaba, JD.com and Netease. Although plans unveiled on Tuesday for a SPAC (or Special Purpose Acquisition Company) listing by Shanghai-based Fosun International’s Lanvin Group would be worth more than $1 billion, the recent stream of IPOs from China to the United States has been derisory. Meihua International Medical Technologies raised just $36 million before it began trading on the Nasdaq in February, the first listing in China since October.

Bernstein, now 65, has set himself a new business target: Southeast Asia. MBP plans to open an office in May in Singapore as a springboard to a growing region that also includes Indonesia, the Philippines, Vietnam and Malaysia. The region is a “very ignored part of the world,” especially in the United States, Bernstein believes. “I think we’re at the very, very beginning for them because things are starting to line up.”

What’s in line? On the one hand, GDP growth – at least in February, before Russia’s brutal invasion of Ukraine shocked the world. “Our forecast for developing Asia is that economic growth will be 5.3% in 2022,” Asian Development Bank chief economist Albert Park said on Feb. 1. “We consider this to be a steady recovery from the pandemic and is supported by progress in vaccination rates and control of Covid-19 disease.

Another potential upside for Singapore, Southeast Asia’s main financial hub, is less interest from foreign firms in regional financial services competitor Hong Kong. According to a survey published by the European Chamber of Commerce in Hong Kong on Wednesday, a quarter of respondents planned to move “entirely” out of Hong Kong in the next 12 months given the current Covid-19 restrictions and 24% plan to move partially. More than 50% said they had difficulty recruiting staff from abroad. International investors are also worried about the fallout from China’s close relationship with Moscow in the aftermath of the war in Ukraine, pulling money from Chinese stocks on an “unprecedented” scale since late February, Bloomberg reported today. , citing the Institute of International Finance.

Another asset for Singapore and Southeast Asia for Bernstein is his experience of the growing number of SPACs. MBP has worked on “dozens” of SPAC deals in the US over the past few years and sees Western capital looking to partner with growth companies in Southeast Asia through SPAC combinations that could negotiate in New York or on Asian exchanges. “You have (about) 500 SPACs out there (in the US), looking for targets and valuable businesses,” Bernstein said. SPACs and other international investors eyeing Southeast Asia’s prospects will be prepared to offer relatively large amounts of capital that might otherwise not necessarily be so readily available to local entrepreneurs, he believes.

Although Asian exchanges have been slower to adopt SPACs than the United States, Bernstein sees this changing with improved regulation. “There is no doubt in my mind that you see both Hong Kong and Singapore recognizing the value of a SPAC as a tool to raise capital,” he said. “The SPAC market in Asia is currently in its infancy.”

Singapore’s potential further stands out for Bernstein because of the Singapore Stock Exchange‘s long experience and international links, and Singapore’s openness to business immigrants. The top 10 richest billionaires on the Forbes 2021 list with Singaporean nationality are dotted with members from Greater China, including Zhang Yong, chairman of restaurant chain Haidilao; Li Xiting, president of Shenzhen Mindray Bio-Medical Electronics; Forrest Li, founder of e-commerce company Sea, Shu Ping, co-founder of Haidilao; and Jason Chang, president of Advanced Semiconductor Engineering.

Bernstein also sees Singapore as a technology hub with similar potential to Israel, with its own local talent and the ability to attract foreigners to its shores. Singapore-based ridesharing company Grab, for example, debuted on the Nasdaq in December after merging with Altimeter Growth in Southeast Asia’s largest listing and SPAC deal to date. . This listing has been a disaster for investors so far, losing more than 70% of its value since.

Beyond technology, companies that cater to consumers with rising disposable incomes will also appeal to Western stock investors, he believes. “When someone making $4,000 a year doubles their income, 100% of that goes back into the economy.” Indonesia, based on its large population of over 275 million, is “by far the number one apart from Singapore” in terms of growth potential for MBP, he estimates, followed by Philippines, Vietnam and Malaysia.

What awaits Chinese announcements abroad? China’s recent push to encourage income redistribution through a “common prosperity” push could limit the country’s appeal to entrepreneurs if pushed too far, Bernstein believes. Limits on “who” can succeed, “how much” they can earn and global information flows can be “a difficult endeavor” for planners looking to grow the economy over the long term, he said.

Meanwhile, regulatory uncertainties in the United States and China are slowing overseas listings of Chinese companies. “The United States and China have established rules and the market does not know how the rules are going to be applied,” he said. These include thresholds for government review by China and for accounting disclosure requirements by the Securities and Exchange Commission. “In a way, markets are going to force people to make clear rules,” Bernstein said. “One thing I’m sure about China is that they’ve always been very clear about what they want to do and incredibly vague about the details of how it’s done. And it’s no different.

However, the US and Chinese sides will eventually agree on agreed accounting rules to facilitate listings, he predicts. “I describe China and the United States as a 50-year marriage, which is exactly what it has been. And in a 50-year marriage, there are very good times and very bad times. But at the end of the day, as I always say, the reason no one got divorced was because they couldn’t afford it.

MBP, although smaller than the big four accountants – Deloitte, Pricewaterhouse, EY and KPMG, believes its long track record of US listings by Chinese companies provides client value in Southeast Asia for local companies looking for international capital, Western investors looking for companies to put money in, and even mainland Chinese companies looking to expand into the region.

“When I enter a market, I only go there because I feel I can add value. I’m not going there to do the same thing everyone else is doing. I’m going to do better and come out on top, because every time you do that, the only thing that happens is you end up in the middle of the pack.

Visiting Singapore recently, he said he felt a little like he was in China two decades ago. “When I started in China 20 years ago, I looked out the window and didn’t know where anything was. I had no employees there. I had my cell phone. I don’t know where the company would come from, even today.

And so, he continued, “That’s where things seem to point,” in Southeast Asia. “It’s not that (Southeast Asia) is going to replace China. Nothing will replace China, because nothing has the size, breadth and depth of China. But given the nature of what I do and my work in emerging markets, you can’t ignore what’s happening right under your nose.

See related articles:

China’s richest get richer amid aging and family transitions

What decoupling? China is deepening capital market interdependence, says HKEX CEO

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IQST – iQSTEL Announces 3 Target Acquisitions Expected to Close Next Month

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iQSTEL inc.

New York, NY, March 24, 2022 (GLOBE NEWSWIRE) — iQSTEL, Inc. (OTCQX: IQST) today announced that the company plans to close three acquisitions before the end of April 2022. CEO Leandro Iglesias released today released an update today as part of its regular series of updates detailing the company’s continued progress towards its $90 million annual revenue forecast for 2022 and its move to Nasdaq in the first half of this year . The update is included in full below:

Dear shareholders:

The first fiscal quarter of 2022 is drawing to a close and despite the prevailing market conditions and world events, I am happy to share that iQSTEL is on track to achieve its 2022 objectives. Nothing stands in the way of our forecast $90 million annual revenue for 2022 or our Nasdaq upgrade.

Let me share some highlights.

Our new electric vehicle program is really gaining momentum. Our dealer evaluation program is underway and our EVOSS EV motorcycle is winning hearts and minds. Comments on the look and performance of the bike are all positive. Dealers are responding enthusiastically overall.

Our opportunity for the EVOSS EV motorcycle is already expanding beyond Latin America. A Nigerian dealer came to review the EVOSS EV motorcycle in Miami. The interest was great. Nigeria is a country of over 200 million people and overall a good fit for our EVOSS EV motorcycle.

On the Fintech side, I am proud to announce the launch of our MAXMO product. MAXMO is the first product in our upcoming Global Money One product line. Learn more about MAXMO in our digital brochure on our official Global Money One channel on YouTube:

https://bit.ly/IQST-MAXMO

We are on the verge of developing an instrumental partnership in Latin America for our MAXMO product which, on its own, could ensure that we achieve our 2022 end-user and revenue forecasts for our Fintech line of business.

Our Fintech product line is one of iQSTEL’s main strategies over the next 5 years and is expected to generate over $100 million in revenue with an estimated profit margin of 30%.

I have already mentioned that our merger and acquisition efforts are ongoing and have continued without fanfare until today. Now, I’m pleased to report that we expect to finalize and close three acquisitions before April 30, 2022. Look for more details as the closing date approaches.

Finally, following my letter last week, we have exchanged information with Nasdaq and our application process is underway. I remain confident in achieving our stock market rise in the first six months of 2022. I am also optimistic that our upcoming audited annual report for 2021 will support the possibility for our share price to rise organically to reach the Minimum Nasdaq Listing Requirement.
Truly,

Leandro Iglesias
CEO

iQSTEL inc. (OTCQX:IQST) (www.iQSTEL.com) is a publicly traded US company with an independent board of directors and an independent audit committee offering industry-leading services through its two business divisions and each with independent brands. The B2B division, Brand IQSTelecom offering services of telecommunications platforms, Internet of things, technology and blockchain, the target market of the B2B division is Global Markets. The B2C division, Brand EVOSS offering EV electric motorcycles, Fintech Ecosystem, the target market for this business division is Latin America and Spanish speaking people in the United States. The company is present in 15 countries and its products and services are used in several industries such as telecommunications, electric vehicles (EV), financial services, chemicals and the distribution of liquid fuels. IQSTEL announced on February 17, 2021 that it has become a debt-free company and is now completely debt-free with no convertible notes, warrants, promissory notes or settlement agreements on its balance sheet.

Safe Harbor Statement: Statements in this press release may be “forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or other statements regarding our future business or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results could and do differ materially from what is expressed or anticipated in the forward-looking statements due to numerous factors. All forward-looking statements speak only as of the date of this press release and iQSTEL Inc. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release. This press release does not constitute a public offer to sell securities. Any privately offered securities will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

iQSTEL inc.
IR US Phone: 646-740-0907, IR Email: [email protected]
Source: iQSTEL Inc. and its subsidiaries: www.iqstel.com