Stock/Other Market News – Business Times Oman http://www.businesstimesoman.com Wed, 11 Oct 2023 20:52:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Gamer Pakistan Announces Closing of Initial Public Offering http://www.businesstimesoman.com/gamer-pakistan-announces-closing-of-initial-public-offering/ http://www.businesstimesoman.com/gamer-pakistan-announces-closing-of-initial-public-offering/#respond Wed, 11 Oct 2023 20:52:47 +0000 http://www.businesstimesoman.com/?p=309329 HENDERSON, Nev., Oct. 11, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early–stage technology and esports company focused on game development and in–game AI community engagement, and organizing esports events in Pakistan, today announced the closing of its initial public offering of 1,700,000 shares at a public offering price per share of $4.00. The Company's stock began trading on the Nasdaq Capital Market under the ticker symbol "GPAK".

The gross proceeds to Gamer Pakistan from the offering, before deducting the underwriting discounts and commissions and offering expenses, amount to $6.8 million. Gamer Pakistan expects to use the net proceeds from the offering to build infrastructure, organize and promote esports tournaments in Pakistan, increase staff, acquire one or more eGame developers, build an integration in to Trade Desk for the Sale of Data to Brands, and provide general working capital.

WestPark Capital, Inc. acted as the Lead Underwriter, and R. F. Lafferty the Book–Running Manager for the offering.

A registration statement on Form S–1 relating to the shares of common stock being sold in this offering was filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 28, 2023.

The offering is being made only by means of a prospectus. A final prospectus relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov. A copy of the final prospectus relating to this offering may also be obtained from WestPark Capital, Inc., Attn: Prospectus Department, 1800 Century Park East, Suite 220, Los Angeles, CA 90067 or by calling (310) 203–2919 or by emailing prospectus@wpcapital.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter–university and professional esports events for all genders in Pakistan. Operations are conducted through wholly–owned subsidiary K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward–Looking Statements

All statements in this release that are not based on historical fact are "forward–looking statements." While management has based any forward–looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward–looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward–looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S–1, which can be found on the SEC's website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward–looking statements. We caution readers not to place undue reliance upon any such forward–looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward–looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949–491–8235
GPAK@mzgroup.us
www.mzgroup.us


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Gamer Pakistan to Ring the Nasdaq Stock Market Opening Bell http://www.businesstimesoman.com/gamer-pakistan-to-ring-the-nasdaq-stock-market-opening-bell/ http://www.businesstimesoman.com/gamer-pakistan-to-ring-the-nasdaq-stock-market-opening-bell/#respond Mon, 09 Oct 2023 12:43:14 +0000 http://www.businesstimesoman.com/?p=309300 HENDERSON, N.V., Oct. 09, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early–stage technology and esports company focused on game development and in–game AI community engagement, and organizing esports events in Pakistan, today announced it will take part in the Nasdaq Opening Bell Ringing Ceremony at the Nasdaq MarketSite on Monday, October 9, 2023, from 9:15 a.m. to 9:30 a.m. ET.

Gamer Pakistan is expected to begin trading on the Nasdaq Capital Market on October 9, 2023, under the ticker symbol "GPAK".

In honor of the occasion, Jim Knopf, CEO, President, Director of Gaming Pakistan, will ring the Opening Bell at 9:30 a.m. ET.

A live stream of the Nasdaq Opening Bell will be available at:
https://livestream.com/accounts/888332/events/10969951 and can be accessed via the investor relations section of the Company's website here.

To access the call, please use the following information:

Date: Monday, October 9, 2023
Time: 9:15 a.m. to 9:30 a.m. ET
Location: Nasdaq MarketSite
Webcast: https://livestream.com/accounts/888332/events/10969951

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter–university and professional esports events for all genders in Pakistan. Operations are conducted through 90%–owned subsidiary K2 Gamer Pakistan (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd.

Forward–Looking Statements

All statements in this release that are not based on historical fact are "forward–looking statements." While management has based any forward–looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward–looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward–looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S–1, which can be found on the SEC's website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward–looking statements. We caution readers not to place undue reliance upon any such forward–looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward–looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations and Media Contact:
Chris Tyson
Executive Vice President
MZ North America
949–491–8235
GPAK@mzgroup.us
www.mzgroup.us

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5308e91–29c0–41b7–8cfd–3bd1d7c979b9


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Acino significantly expands presence and capabilities in Latin America through acquisition of M8 Pharmaceuticals http://www.businesstimesoman.com/acino-significantly-expands-presence-and-capabilities-in-latin-america-through-acquisition-of-m8-pharmaceuticals/ http://www.businesstimesoman.com/acino-significantly-expands-presence-and-capabilities-in-latin-america-through-acquisition-of-m8-pharmaceuticals/#respond Wed, 20 Sep 2023 11:59:46 +0000 http://www.businesstimesoman.com/?p=309134 Zurich, Switzerland, Sept. 20, 2023 (GLOBE NEWSWIRE) — Acino, a Swiss pharmaceutical company headquartered in Zurich, today announced that it has entered into an agreement to acquire M8 Pharmaceuticals (M8), a fast–growing specialty biopharmaceutical company, headquartered in Mexico City and focused on licensing, marketing, and distributing innovative and established medicines in Mexico and Brazil.

Through this acquisition, Acino will enter the two largest pharmaceutical markets in Latin America, significantly expanding its geographic footprint and strengthening its position in the region, providing a more powerful and comprehensive offering for healthcare professionals and patients. The acquisition will complement Acino's existing Latin American division, which is based in Panama and operates across eight countries in Central America, the Caribbean, and Ecuador, delivering high–quality medicines to improve people's health in this key region.

M8, a Montreux Growth Partners portfolio company, has a highly successful record of signing exclusive licensing agreements with large pharmaceutical and biotech companies for the rights to market and commercialize products in Latin America. M8 brings a portfolio of well–known proven brands and innovative products, a best–in–class deal–making platform and an outstanding reputation among its partners. Moreover, it has built a large pipeline across a broad range of key therapeutic areas, including CNS, cardiometabolism, respiratory, gastroenterology, oncology and hematology, and rare diseases.

Andrew Bird, Interim CEO at Acino commented: "This is a transformative deal for Acino, significantly expanding our presence in Latin America and delivering against our overall strategy and stated intention to increase patient's access to high–quality pharmaceuticals and diversify our footprint in key high–growth markets. We see M8 and Acino as highly complementary offerings, and we are confident that we can use this acquisition as a catalyst to further increase value and accelerate growth for Acino in this key region."

Joel Barlan, CEO at M8 commented: "This agreement will provide M8 with considerable additional resources, expertise, and access to a much wider geographic footprint, which will further accelerate our growth. We look forward to leveraging the skills and capabilities of both teams to grow the combined business and continue to bring proven and innovative treatments to patients and caregivers throughout Latin America and other emerging markets."

Dan Turner, Managing Director at Montreux Growth Partners commented: "We could not be more pleased with what M8 has achieved during our ownership. We first invested in the early stages of its development. We were able to bring on board a world–class management team, who have focused the company on patient critical therapeutic areas, with a product portfolio that now includes over 30 leading brands from major pharmaceutical companies around the world. The company has delivered tremendous growth and profitability, while also doing much good for the lives of patients. Acino is the perfect acquirer to continue that history of success".

The transaction is subject to customary closing conditions, including antitrust clearance, and is expected to be completed by the end of 2023. Banco J.P. Morgan S.A. is acting as exclusive financial advisor, Goodwin LLP as exclusive legal advisor, and PWC as exclusive accounting and tax advisor to Acino. Stifel, Cooley LLP and Credit Suisse, a UBS Group Company acted as advisors to M8.

–ENDS–

About Acino

Acino is a Swiss pharmaceutical company headquartered in Zurich with a clear focus on selected markets in the Middle East, Africa, Ukraine, the CIS Region, and Latin America. Acino is part of ADQ, an Abu Dhabi based investment and holding company. We deliver quality pharmaceuticals to promote affordable healthcare in these emerging markets and leverage our high–quality pharmaceutical manufacturing capabilities and network to supply leading companies through contract manufacturing and out–licensing.

About M8 Pharmaceuticals

M8 is a specialty biopharmaceutical company focused on licensing, marketing and distributing innovative and established therapeutics in Latin America: Brazil and Mexico. We aim to become the preferred pharmaceutical partner for the licensing of high–value innovative and proven therapies across our main therapeutic areas CNS, respiratory, cardiometabolic, immunology, gastroenterology, onco–hematology, and rare diseases. Our mission is to provide the people of Latin America with access to the proven and innovative medicines they need to transform their lives.

About Montreux Growth Partners

Founded in 1993, Montreux Growth Partners has a long history of investing growth capital into category–leading companies that are advancing healthcare and financial technology. It focuses on commercial stage companies which have highly differentiated products, technologies, and services. It is an active and collaborative investor, working closely with the management teams at its portfolio companies.

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Aztiq e Innobic anunciam preço da venda secundária de ações ordinárias da Lotus pela AEMH http://www.businesstimesoman.com/aztiq-e-innobic-anunciam-preco-da-venda-secundaria-de-acoes-ordinarias-da-lotus-pela-aemh/ http://www.businesstimesoman.com/aztiq-e-innobic-anunciam-preco-da-venda-secundaria-de-acoes-ordinarias-da-lotus-pela-aemh/#respond Mon, 03 Jul 2023 21:31:13 +0000 http://www.businesstimesoman.com/?p=308602 LONDRES e BANGKOK, Tailândia, July 03, 2023 (GLOBE NEWSWIRE) — A Aztiq Pharma Partners (“Aztiq”), uma empresa de private equity focada no setor de cincias da vida, e a Innobic (Asia) Company Limited (“Innobic”), o brao de cincias da vida do conglomerado tailands de petrleo e gs PTT Public Company Limited (“PTT”) (coletivamente, “os acionistas”), anunciaram hoje o preo de uma venda de 25.095.850 aes da Lotus Pharmaceuticals (1795: TT; “Lotus”, “a empresa”), uma empresa farmacutica multinacional, a um preo de NT$ 297 por ao. A negociao ser liquidada em 5 de julho de 2023, sujeita ao cumprimento dos procedimentos habituais de liquidao. A venda est sendo executada pela Alvogen Emerging Market Holdings Limited (“AEMH”), que continuar a deter 41% das aes ordinrias da Lotus aps o fechamento da transao. Incluindo as participaes diretas da Innobic na Lotus, os acionistas continuaro a deter aproximadamente 47,7% da empresa.

Robert Wessman, fundador da Aztiq, comentou: “O anncio de hoje um grande passo na evoluo da Lotus, que comeou como uma empresa cujos negcios eram quase inteiramente domsticos. A empresa hoje evoluiu para uma empresa farmacutica global com um vasto portflio de produtos e um alcance global que atinge quase todos os cantos do mundo atravs do negcio de exportao da empresa ou atravs da prpria infraestrutura comercial da Lotus que se espalha por toda a sia. Como presidente, estou ansioso para continuar a trabalhar com a equipe de gesto consagrada da Lotus que liderou essa transformao para colaborar na estratgia e expandir o negcio no futuro.”

Dr. Buranin Rattanasombat, Diretor de Novos Negcios e Infraestrutura da PTT e Presidente da Innobic, comentou: “Esta transao um passo significativo para a Lotus, pois aumenta simultaneamente a circulao das aes e diversifica a base de acionistas com fortes investidores institucionais. Como principal acionista da Lotus, nossos interesses permanecem verdadeiramente alinhados com os da empresa e de seus valiosos acionistas.”

O J.P. Morgan e o Credit Suisse esto atuando como agentes de colocao para o negcio.

Sobre a Aztiq

A Aztiq uma empresa visionria de private equity focada em sade dedicada a promover a inovao e impulsionar mudanas positivas no setor. Liderada por Robert Wessman e uma equipe de empreendedores veteranos, a Aztiq est comprometida em identificar, investir e nutrir solues inovadoras de sade em farmacutica e biotecnologia para enfrentar os desafios globais de sade. Ao aproveitar a experincia acumulada da equipe, a Aztiq visa melhorar os resultados dos pacientes, aumentar o acesso a cuidados de sade de qualidade e criar um ecossistema de sade mais eficiente e sustentvel. Com um histrico comprovado de sucesso, a Aztiq continua a causar um impacto duradouro na sade e no bem–estar das pessoas em todo o mundo. Para mais informaes, visite www.aztiq.com e siga a Aztiq no LinkedIn.

Sobre a Innobic

A Innobic (Asia) Company Limited uma subsidiria integral da PTT, a maior empresa de energia da Tailndia de propriedade majoritria do Ministrio das Finanas da Tailndia e listada na Fortune Global 500. A PTT deixou de ser uma fornecedora nacional de energia para se tornar um conglomerado multinacional e comeou a diversificar os negcios em novos setores, incluindo Cincias da Vida, Energias Renovveis, Cadeia de Valor de Eletricidade e Empreendimentos, para servir como sua nova curva S. Ela estabeleceu oficialmente a Innobic em dezembro de 2020 com o objetivo estratgico de construir uma nova presena nos campos de Cincias da Vida para o Grupo PTT, com foco inicial em produtos farmacuticos, e visa fazer com que a Innobic se torne uma empresa lder em Cincias da Vida na regio para trazer a melhor cincia e melhorar a qualidade de vida das pessoas. Para mais informaes, visite www.innobicasia.com


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Aztiq und Innobic geben den Preis für Sekundärverkauf von Lotus-Stammaktien durch AEMH bekannt http://www.businesstimesoman.com/aztiq-und-innobic-geben-den-preis-fur-sekundarverkauf-von-lotus-stammaktien-durch-aemh-bekannt/ http://www.businesstimesoman.com/aztiq-und-innobic-geben-den-preis-fur-sekundarverkauf-von-lotus-stammaktien-durch-aemh-bekannt/#respond Mon, 03 Jul 2023 21:31:13 +0000 http://www.businesstimesoman.com/?p=308601 LONDON und BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners ("Aztiq"), eine auf den Biowissenschaftssektor spezialisierte Private–Equity–Gesellschaft, und Innobic (Asia) Company Limited ("Innobic"), die Biowissenschaftssparte des thailndischen l– und Gaskonglomerats PTT Public Company Limited ("PTT") (zusammen "die Aktionre"), haben heute den Preis fr den Verkauf von 25 095 850 Aktien von Lotus Pharmaceuticals (1795: TT; "Lotus", "das Unternehmen"), einem multinationalen Pharmaunternehmen, zu einem Preis von 297 NT$ pro Aktie bekanntgegeben. Das Geschft wird am 5. Juli 2023 abgewickelt, sofern die blichen Abwicklungsverfahren eingehalten werden. Der Verkauf wird von der Alvogen Emerging Market Holdings Limited ("AEMH") durchgefhrt, die nach Abschluss der Transaktion weiterhin 41 % der Lotus–Stammaktien halten wird. Unter Einbeziehung der direkten Beteiligung von Innobic an Lotus werden die Aktionre weiterhin rund 47,7 % des Unternehmens halten.

Robert Wessman, Grnder von Aztiq, dazu: "Die heutige Ankndigung ist ein groer Schritt in der Entwicklung von Lotus, das als ein Unternehmen begann, das fast ausschlielich im Inland ttig war. Heute hat sich das Unternehmen zu einem globalen Pharmaunternehmen entwickelt, das ber ein umfangreiches Produktportfolio verfgt und ber das Exportgeschft des Unternehmens oder die eigene kommerzielle Infrastruktur von Lotus, die sich ber ganz Asien erstreckt, fast jeden Winkel der Welt erreicht. Als Vorstandsvorsitzender freue ich mich darauf, weiterhin mit dem bewhrten Managementteam von Lotus zusammenzuarbeiten, das diese Transformation angefhrt hat, um gemeinsam an der Strategie zu arbeiten und das Unternehmen weiter wachsen zu lassen."

Dr. Buranin Rattanasombat, Chief New Business and Infrastructure Officer von PTT und Vorstandsvorsitzender von Innobic, kommentierte dies wie folgt: "Diese Transaktion ist ein wichtiger Schritt fr Lotus, da sie gleichzeitig den Streubesitz der Aktie erhht und die Aktionrsbasis mit starken institutionellen Investoren diversifiziert. Als fhrender Aktionr von Lotus bleiben unsere Interessen mit denen des Unternehmens und seiner geschtzten Aktionre im Einklang."

J.P. Morgan und Credit Suisse fungieren als Platzierungsagenten fr die Transaktion.

ber Aztiq

Aztiq ist eine visionre, auf das Gesundheitswesen ausgerichtete Private–Equity–Gesellschaft, die sich der Frderung von Innovationen und positiven Vernderungen in der Branche verschrieben hat. Unter der Leitung von Robert Wessman und einem Team erfahrener Unternehmer engagiert sich Aztiq fr die Identifizierung, Investition und Frderung bahnbrechender Gesundheitslsungen in den Bereichen Pharma und Biotechnologie, um die globalen Herausforderungen im Gesundheitswesen zu bewltigen. Durch die Nutzung der geballten Erfahrung des Teams will Aztiq die Ergebnisse fr Patienten verbessern, den Zugang zu einer hochwertigen Gesundheitsversorgung erleichtern und ein effizienteres und nachhaltigeres kosystem im Gesundheitswesen schaffen. Mit einer nachweislichen Erfolgsbilanz hat Aztiq weiterhin einen nachhaltigen Einfluss auf die Gesundheit und das Wohlbefinden von Menschen auf der ganzen Welt. Fr weitere Informationen besuchen Sie bitte www.aztiq.com und folgen Sie Aztiq auf LinkedIn.

ber Innobic

Innobic (Asia) Company Limited ist eine hundertprozentige Tochtergesellschaft von PTT, dem grten Energieunternehmen Thailands, das sich mehrheitlich im Eigentum des thailndischen Finanzministeriums befindet und unter den Fortune Global 500 gelistet ist. PTT hat sich von einem nationalen Energieversorger zu einem multinationalen Konglomerat entwickelt und begonnen, das Geschft in neue Sektoren zu diversifizieren, darunter Biowissenschaften, erneuerbare Energien, die Wertschpfungskette der Elektrizitt und Ventures, die als neue S–Kurve dienen sollen. Innobic wurde offiziell im Dezember 2020 mit dem strategischen Ziel gegrndet, fr die PTT–Gruppe einen neuen Fuabdruck in den Bereichen der Biowissenschaften zu schaffen, mit einem anfnglichen Schwerpunkt auf Pharmazeutika, und Innobic zu einem fhrenden Biowissenschaftsunternehmen in der Region zu machen, um die beste Wissenschaft zu liefern und die Lebensqualitt der Menschen zu verbessern. Weitere Informationen finden Sie unter www.innobicasia.com


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Aztiq et Innobic annoncent le prix de vente secondaire des actions ordinaires de Lotus par l'AEMH http://www.businesstimesoman.com/aztiq-et-innobic-annoncent-le-prix-de-vente-secondaire-des-actions-ordinaires-de-lotus-par-laemh/ http://www.businesstimesoman.com/aztiq-et-innobic-annoncent-le-prix-de-vente-secondaire-des-actions-ordinaires-de-lotus-par-laemh/#respond Mon, 03 Jul 2023 21:31:13 +0000 http://www.businesstimesoman.com/?p=308600 LONDRES et BANGKOK, Thaïlande, 03 juill. 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners ( Aztiq ), une socit de capital–investissement axe sur le secteur des sciences de la vie, et Innobic (Asia) Company Limited ( Innobic ), la branche sciences de la vie du conglomrat ptrolier et gazier thalandais PTT Public Company Limited ( PTT ) (collectivement, les actionnaires ), ont annonc aujourd'hui le prix fix pour une vente de 25 095 850 actions de Lotus Pharmaceuticals (1795:TT ; Lotus , la socit ), une socit pharmaceutique multinationale, 297 NT$ par action. La transaction sera rgle le 5 juillet 2023, sous rserve de satisfaction des procdures de rglement habituelles. La vente est excute par Alvogen Emerging Market Holdings Limited ( AEMH ), qui continuera de dtenir 41 % des actions ordinaires de Lotus aprs la clture de la transaction. En incluant les participations directes dtenues par Innobic dans Lotus, les actionnaires continueront de dtenir environ 47,7 % de la socit.

Robert Wessman, fondateur d'Aztiq, a dclar : L'annonce d'aujourd'hui constitue une tape importante dans l'volution de Lotus qui a commenc comme une entreprise dont l'activit tait presque entirement nationale. Aujourd'hui, la socit est devenue une entreprise pharmaceutique mondiale disposant d'un vaste portefeuille de produits et dont la porte mondiale touche la quasi–totalit des rgions du monde grce aux activits d'exportation de la socit ou via l'infrastructure commerciale propre de Lotus qui s'tend dans toute l'Asie. En tant que prsident, j'ai hte de continuer travailler avec l'quipe de direction prouve de Lotus qui a men bien cette transformation, afin de collaborer sur la stratgie et de dvelopper l'entreprise l'avenir.

Dr Buranin Rattanasombat, directeur des Nouvelles activits et de l'Infrastructure de PTT, et prsident d'Innobic, a dclar : Cette transaction reprsente une tape importante pour Lotus, car elle augmente simultanment le flottant de l'action et diversifie la base d'actionnaires avec de solides investisseurs institutionnels. En tant qu'actionnaire de rfrence de Lotus, nos intrts restent vritablement aligns sur ceux de la socit et de ses prcieux actionnaires.

J.P. Morgan et Credit Suisse interviennent en tant qu'agents de placement pour la transaction.

propos d'Aztiq

Aztiq est une socit de capital–investissement visionnaire axe sur les soins de sant qui se consacre la promotion de l'innovation et s'efforce de favoriser les changements positifs au sein de l'industrie. Dirige par Robert Wessman et une quipe d'entrepreneurs chevronns, Aztiq s'engage en termes d'identification, d'investissement et de dveloppement de solutions de soins de sant rvolutionnaires dans les domaines pharmaceutique et biotechnologique afin de relever les dfis mondiaux en matire soins de sant. En tirant parti de l'exprience cumule de cette quipe, Aztiq vise amliorer les rsultats pour les patients, accrotre l'accs des soins de sant de qualit, et crer un cosystme de soins de sant plus efficace et plus durable. Forte de ses succs avrs, Aztiq continue d'exercer un impact durable sur la sant et le bien–tre des populations dans le monde entier. Pour obtenir de plus amples informations, rendez–vous sur www.aztiq.com et suivez Aztiq sur LinkedIn.

propos d'Innobic

Innobic (Asia) Company Limited est une filiale 100 % de PTT, la plus grande entreprise nergtique de Thalande dtenue majoritairement par le ministre thalandais des finances et cote au Fortune Global 500. PTT est pass du statut de fournisseur d'nergie national celui de conglomrat multinational, et a commenc diversifier ses activits dans de nouveaux secteurs, et notamment dans les sciences de la vie, les nergies renouvelables, la chane de valeur de l'lectricit et les nouvelles entreprises afin d'assurer la progression de sa nouvelle courbe en S. PTT a officiellement cr Innobic en dcembre 2020 dans le but stratgique de gnrer une nouvelle empreinte dans les domaines des sciences de la vie pour le groupe PTT en se concentrant initialement sur les produits pharmaceutiques, et vise faire d'Innobic une entreprise leader des sciences de la vie dans la rgion afin d'apporter le meilleur de la science et d'amliorer la qualit de vie des populations. Pour obtenir de plus amples informations, rendez–vous sur www.innobicasia.com


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Aztiq and Innobic Announce Pricing of Secondary Sale of Lotus Common Stock by AEMH http://www.businesstimesoman.com/aztiq-and-innobic-announce-pricing-of-secondary-sale-of-lotus-common-stock-by-aemh/ http://www.businesstimesoman.com/aztiq-and-innobic-announce-pricing-of-secondary-sale-of-lotus-common-stock-by-aemh/#respond Mon, 03 Jul 2023 01:15:00 +0000 http://www.businesstimesoman.com/?p=308596 LONDON and BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners ("Aztiq"), a private equity company focused on the life sciences sector, and Innobic (Asia) Company Limited ("Innobic"), the life science arm of Thai oil and gas conglomerate PTT Public Company Limited ("PTT") (collectively, "the shareholders"), today announced the pricing of a sale of 25,095,850 shares of Lotus Pharmaceuticals (1795:TT; "Lotus," "the company"), a multinational pharmaceutical company, at a price of NT$297 per share. The trade will be settled on July 5, 2023, subject to satisfaction of customary settlement procedures. The sale is being executed by Alvogen Emerging Market Holdings Limited ("AEMH"), which will continue to own 41% of Lotus common stock after the close of the transaction. Inclusive of Innobic's direct holdings of Lotus, the shareholders will continue to own approximately 47.7% of the company.

Robert Wessman, Founder of Aztiq, commented: "Today's announcement is a big step in the evolution of Lotus that started as a company whose business was nearly entirely domestic. The company today has evolved into a global pharmaceutical company with a vast portfolio of products and a global reach that touches nearly every corner of the world through the company's export business or through Lotus's own commercial infrastructure that spreads throughout Asia. As Chairman, I look forward to continuing to work with Lotus' proven management team that has led this transformation to collaborate on strategy and grow the business going forward."

Dr. Buranin Rattanasombat, Chief New Business and Infrastructure Officer of PTT, and Chairman of Innobic, commented: "This transaction is a significant step for Lotus as it concurrently increases free–float of the stock and diversifies the shareholder base with strong institutional investors. As a leading shareholder of Lotus, our interests remain truly aligned with those of the company and its valued shareholders."

J.P. Morgan and Credit Suisse are acting as placing agents for the trade.

About Aztiq

Aztiq is a visionary healthcare focused private equity company dedicated to fostering innovation and driving positive change within the industry. Led by Robert Wessman and a team of veteran entrepreneurs, Aztiq is committed to identifying, investing in, and nurturing ground–breaking healthcare solutions in pharma and biotech to address global healthcare challenges. By leveraging the cumulative experience of the team, Aztiq aims to improve patient outcomes, increase access to quality healthcare, and create a more efficient and sustainable healthcare ecosystem. With a proven track record of success, Aztiq continues to make a lasting impact on the health and well–being of people around the world. For more information, please visit www.aztiq.com and follow Aztiq on LinkedIn.

About Innobic

Innobic (Asia) Company Limited is a wholly–owned subsidiary of PTT, the largest energy company in Thailand majority owned by Ministry of Finance Thailand and listed in Fortune Global 500. PTT has moved from a national energy provider to a multinational conglomerate and started to diversify the business into new sectors, including Life Science, Renewables, Electricity value chain, and Ventures, to serve as its new S–curve. It officially established Innobic in December 2020 for a strategic goal to building up a new footprint in Life Science fields for PTT Group, with an initial focus on pharmaceuticals, and aims to make Innobic become a leading Life Science company in the region to bring best science and enhance life qualify of people. For more information, please visit www.innobicasia.com


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To instigate foreign investment, increase the attractiveness and efficiency of the capital market, and enhance regional and international market competitiveness: The Capital Market Authority Approves the Rules for Foreign Investment in Securities http://www.businesstimesoman.com/to-instigate-foreign-investment-increase-the-attractiveness-and-efficiency-of-the-capital-market-and-enhance-regional-and-international-market-competitiveness-the-capital-market-authority-appr/ http://www.businesstimesoman.com/to-instigate-foreign-investment-increase-the-attractiveness-and-efficiency-of-the-capital-market-and-enhance-regional-and-international-market-competitiveness-the-capital-market-authority-appr/#respond Fri, 05 May 2023 21:30:38 +0000 http://www.businesstimesoman.com/?p=308111 Announcement (Link)

RIYADH, Kingdom of Saudi Arabia, May 05, 2023 (GLOBE NEWSWIRE) — The Capital Market Authority (“CMA”) approved the Rules for Foreign Investment in Securities (the "Rules”), Amendments to the Investment Accounts Instructions, Amendments to the Implementing Regulation of the Companies Law for Listed Joint Stock Companies and Amendments to the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publications.

The approval of the Rules, Instructions and Glossary aim to develop the provisions regulating foreign investment in securities, facilitate access to the regulatory frames regulating foreign investment in securities by collecting the regulating provisions in a single regulatory document, as well as facilitating qualified foreign investors' (QFIs') entry procedures to invest in the Saudi capital market.

The last Amendments comprised considering facilitating the QFIs' requirements, facilitating disclosure requirements and continuous obligations to ease Saudi capital market entry with the aim of minimizing the differences between QFIs and other investor categories in the Saudi market.

The Amendments also comprised developing the qualification conditions that must be met by the QFI to invest in the shares listed in the Main Market and removing the requirements on application for qualification and QFI's assessment agreement. The approved Rules only requiring the QFI to open an investment account in accordance with the Investment Accounts Instructions issued by CMA. This is to ensure the obligation of the capital market institution to make sure that the QFI is meeting all relevant qualification conditions.

Furthermore, the amendments included developing conditions on the investment of the non–resident foreign investors in listed securities through Swap Agreements, including removing the requirement on the duration of such swap agreements, as well as removing the requirement to notify the CMA prior to entering into a Swap Agreement.

The Amendments also included adding a new channel for foreign investment in securities listed on the main market by enabling all foreign natural and legal persons to invest in securities listed on the main market through discretionary portfolios management by Capital Market Institutions.

As of its effective date, the Rules shall replace the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities, Instructions for the Foreign Strategic Investors' Ownership in Listed Companies and the Guidance Note for the Investment of Non–Resident Foreigners in the Parallel Market.

The approval of these rules is expected to have a positive impact on boosting liquidity in the Saudi market, deepening and raising its attractiveness, and enhancing its global status. The rules will also contribute to the transformation of knowledge and experiences in local capital institutions and investors, thereby enhancing the role played by institutional investors in the Saudi capital market.

It is worth noting that the CMA issued the updated edition of the Rules in 2018, which resulted in a 179% increase in the number of QFIs from 2018 to 2022 . In addition, the foreign investors' ownership ratio of the free float total market value increased from 3.77% in 2018 to 14.21% by the end of 2022.

The approval of the Rules came after CMA has published the Draft Rules for Foreign Investment in Securities on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated with the National Competitiveness Center (NCC), and the CMA's website for public consultation for a period of (30) calendar days.

Within its Vision 2030, the Kingdom aims to be an attractive and instigating investment destination to continue expanding, as it has developed structural reforms in the financial and economic aspects that have contributed to raising economic growth rates and maintaining financial stability and sustainability, which in turn, helps in attracting foreign investments.

Through its strategic plan; the CMA seeks to position the Saudi capital market as main market in the Middle East and one of the leaders financial markets in the world, and to be an advanced market and attractive to domestic and foreign investment, enabling it to play a pivotal role in developing the economy and diversifying its sources of income in line of the Kingdom's Vision 2030.

The Rules for Foreign Investment in Securities, the Amended Investment Accounts Instructions, the Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies and the Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be viewed via the following links:

The Rules for Foreign Investment in Securities

The Amended Investment Accounts Instructions

The Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies

The Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
Media@cma.org.sa
www.cma.org.sa

About CMA:
The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.

For more information about CMA, please visit the official website: www.cma.org.sa

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa8014a9–7c79–458e–87eb–2da58d688e6c


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Asante Gold to Commence Trading on the Ghana Stock Exchange http://www.businesstimesoman.com/asante-gold-to-commence-trading-on-the-ghana-stock-exchange/ http://www.businesstimesoman.com/asante-gold-to-commence-trading-on-the-ghana-stock-exchange/#respond Wed, 29 Jun 2022 13:11:12 +0000 http://www.businesstimesoman.com/?p=306866 VANCOUVER, British Columbia, June 29, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") is pleased to announce that further to its application for a secondary listing by introduction on the Main Market of the Ghana Stock Exchange (the "GSE"), the Company has received final approval from the Ghana Securities and Exchange Commission and the Ghana Stock Exchange to commence trading.

Trading will commence under the symbol "ASG' at the opening on June 29, 2022.

A copy of the *Prospectus "SECONDARY LISTING BY INTRODUCTION ON THE GHANA STOCK EXCHANGE OF EXISTING 315,007,462 COMMON SHARES OF ASANTE GOLD CORPORATION" is available on the Company's website indicated below.

Listing Statistics

Price on CSE(as at date on day of Listing) CAD$1.58
Initial Listing Price on GSE1 GHS 8.87
Number of Ordinary Shares listed by Introduction2 315,007,462
Market capitalization at Listing Price (CAD$) 497,711,780
Market capitalization at Listing Price (GHS) 2,793,158,565

Notes:
1. Based on exchange rate of price on CSE at CAD$ 1.00 = GHS 5.6120 as at June 28, 2022 (Bank of Ghana)
2. Number of shares outstanding as at May 31, 2022, the date of the prospectus.

Douglas MacQuarrie, Non–Executive Chairman stated, "It is with a great sense of "having arrived' that Asante is now listed on Ghana's premier stock exchange, one of the best performing stock exchanges in Africa in 2021. This listing complements our listings in Canada and in Germany and provides our Ghanaian shareholders, and potential new investors, the opportunity to invest and trade their shares locally in Ghana."

Asante's CEO, Dave Anthony, added, "Asante has significant ownership by both private Ghanaian investors and Ghanaian institutions, and the Company is excited to be able to offer Ghana's investment community and all interested investors the opportunity to participate in our growth as we work to achieve our vision of becoming a Tier–1 gold producer in West Africa."

Black Star Advisors Limited and Black Star Brokerage Limited acted as Arranger and Sponsoring Broker respectively to Asante in respect of the Listing on the Ghana Stock Exchange.

About Asante Gold Corporation

Asante is a gold exploration, development, and operating company with a high–quality portfolio of projects in Ghana. Asante is currently focused on closing the acquisition of the Chirano Gold Mine from Kinross Gold Corporation and developing to production its Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana.

Asante is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and quoted on the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle. Additional information is available on the Company's website at www.asantegold.com.

About the Bibiani Gold Mine

The Bibiani Gold Mine is a historically significant Ghanaian gold mine situated in the Western North region of Ghana. Bibiani has previous production of +4Moz, is fully permitted with available mining and processing infrastructure on site consisting of a 3 million tonne per annum mill and processing plant.

The Current Mineral Resource Estimate for Bibiani, effective as of November 7, 2021, as set out in the Technical Report titled "Technical Report on the Bibiani Gold Mine, Ghana", prepared by Ian M. Glacken (FAusIMM (CP), FAIG, CEng) of Optiro Pty Limited and assisted by Dan Bansah (MSc, MAusIMM (CP), FWAIMM, MGIG) of Minecon Resources and Services Ltd. as Qualified Person and filed on SEDAR, is Measured and Indicated for the Bibiani main pit and the Satellite pits at 20.8 million tonnes at 2.71 grams of gold per tonne for 1.81 Moz of gold; and Inferred 8.41 million tonnes at 2.78 grams of gold per tonne for 0.753 Moz of gold. The Mineral Resource has been reported above a 0.65 g/t gold cut–off and has been depleted for both historical open pit and underground development as of August 31, 2017. The Technical Report was prepared using accepted industry practices in accordance with the JORC Code (JORC, 2012). There are no material differences between the definitions of Measured, Indicated and Inferred Mineral Resources under the CIM Definition Standards and the equivalent definitions in the JORC Code. The Satellite pit resource is an update completed in 2018 by Resolute Mining Limited, the former owner of the Bibiani Gold Mine. The Satellite pit resource is also reported above a cut–off grade of 0.65 g/t gold inside a pit shell defined at a gold price of US$1,950. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About the Chirano Gold Mine

Chirano is an operating open–pit and underground mining operation located in southwestern Ghana, immediately south of the Company's Bibiani Gold Mine. Chirano was first explored and developed in 1996 and began production in October 2005. The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines. Gold Equivalent Production in 2021 was 154,668 oz on a 100% basis (source Kinross Gold Corporation).

For further information please contact:

Dave Anthony, President & CEO: dave@asantegold.com
Malik Easah, Executive Director: malik@asantegold.com
Frederick Attakumah, Executive Vice President: frederick@asantegold.com
Alec Rowlands, Capital Markets Consultant, alec@asantegold.com
Valentina Gvozdeva, Manager IR, valentina@asantegold.com
Kirsti Mattson, Media Relations, kirsti.mattson@gmail.com

Cautionary Statement on Forward–Looking Statements

This news release contains forward–looking statements. Forward–looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward–looking statements, including statements regarding the structure and terms of the Chirano Acquisition, timing for completion of the Chirano Acquisition, the ability of the Company to complete the Chirano Acquisition on the terms announced, the ability of the parties to satisfy all administrative matters required in order to consummate the Chirano Acquisition, anticipated synergies, the resources, reserves, exploration results, and development program at Chirano, Bibiani and Kubi, including timing of future mine development and the start of production. Factors that could cause actual results to differ materially from these forward–looking statements include, but are not limited to, the inability to satisfy any condition required to complete the Chirano Acquisition, termination of the share purchase agreement, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward–looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the Canadian Securities Exchange, 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.

LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.


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WWP Beauty Launches New Sustainable Service Program During Cosmoprof Bologna http://www.businesstimesoman.com/wwp-beauty-launches-new-sustainable-service-program-during-cosmoprof-bologna/ http://www.businesstimesoman.com/wwp-beauty-launches-new-sustainable-service-program-during-cosmoprof-bologna/#respond Tue, 17 May 2022 01:00:00 +0000 http://www.businesstimesoman.com/?p=306331 Los Angeles, CA, May 16, 2022 (GLOBE NEWSWIRE) — (Los Angeles, CA) – WWP Beauty, a world–class full–service supplier to the global beauty industry, launched a new, sustainable service program at the 2022 Cosmopack Bologna show called "Beauty with Purpose'. This program supports the company's larger sustainability missions such as Carbon Neutrality, Zero Waste, Circular Beauty, and Social Responsibility which were represented throughout WWP Beauty's booth with a space that fused nature and technology.

"The Beauty with Purpose is a customized, solution–driven service offered to new and existing customers looking to transform their brands to include more mindful formulations, packaging, and accessories that are clean, sustainable, ethical, inclusive, and diverse. This transformative process is at the forefront of sustainable innovations and technologies, utilizing green chemistry, eco–smart designs, new sustainable materials, and transparent sourcing & supply chain management. Through this service brands will leverage WWP Beauty's partnership to make a positive and purposeful impact on the planet with the ultimate goal of creating Beauty with Purpose", said Jennifer Adams, WWP Beauty Chief Executive Officer.

Musa Dias, WWP Beauty, CMO commented, "As a part of this new service program the company also launched five new packaging collections each featuring an innovative and sustainable new material. These materials included:

  • Ocean Plastic – A first–to–market Ocean Plastic 70% tube made from ocean–bound plastic waste that has been recovered and recycled from Asian shores contributing to reduced waste and a more circular beauty system.
  • Nature2Need, Biopolymer Technology – A WWP Beauty exclusive plastic–free, biopolymer created from renewable, abundant sugarcane resources using the latest plant–based technologies.
  • Eastman Cristal One Renew Resin – An innovative molecular recycled and recyclable RIC 1 resin collection featuring 50% molecular recycled content.
  • Eastman Cristal Renew Resin – A collection featuring luxurious crystal–clear resin with a glass–like look and feel, designed with 50% molecular recycled content (RPETG 50%).
  • IPET, Sustainable Opulence – A deluxe collection of crystal–clear, and weighted components molded in eco–friendly, BPA–free IPET resin."

About WWP Beauty

WWP Beauty is committed to developing future–focused, sustainable solutions for the global beauty industry through close collaboration, exceptional agility, and unparalleled scale. The company's full–service offering of formula, packaging, and accessories, paired with their in–house manufacturing capabilities allow them to stand out as the source for everything beauty. Through a worldwide team of beauty experts that spans across North America, EMEA, and APAC, WWP Beauty offers its customers global support at the local level. To learn more, visit our website at www.wwpbeauty.com.

Attachments


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