Saturday, August, 24, 2019 10:26:15

Category: Business

Xiaomi Corp procures a 0.5% stake in TV manufacturer TCL Corp

 Xiaomi Corp has purchased over 65.2 million TCL Corp shares in a major television push.  The deal further expands an existing relationship between the two consumer electronics manufacturers. Xiaomi Corporation (Xiaomi), a renowned Chinese electronics & smartphone company, has reportedly announced that it has acquired …

Drug major Sun Pharmaceutical Ltd. acquires Japan’s Pola Pharma

The acquisition will strengthen Sun Pharma’s presence in the global dermatology segment. India’s renowned pharmaceutical company, Sun Pharmaceutical Industries Ltd. has recently finalized the acquisition of Japan-based pharmaceutical firm, Pola Pharma. The move would effectively enhance the drug major’s presence in the global dermatology market, …

TILT Holdings confirms US$210mn agreement to acquire Jupiter Research

Jupiter Research’s takeover is critical to the company’s foremost goal of centralizing and consolidating services for industry spheres, claims TILT Holdings’ Chief Executive Officer. Vancouver based TILT Holdings Inc. has recently announced that the company has agreed to acquire leading inhalation and vaporization tech firm …

Lincoln Electric acquires Worthington Industries’ soldering business

 Apart from the soldering business, the company would also be acquiring some of Worthington Industries’ brazing assets.  The annual revenue of the assets being purchased through the two transactions is about $25 million. Lincoln Electric Holdings, Inc., (Lincoln), an American multinational manufacturer of welding products, …

China National Tobacco to list international unit on Hong Kong IPO

The move will offer CNTC’s international unit a bigger share in the global tobacco market China National Tobacco (CNTC), a state-owned manufacturer of tobacco products, has recently announced plans to list its international unit on the Hong Kong stock exchange despite growing pressures on the …

Total S.A. commences production at the giant Egina field in Nigeria

The field is estimated to produce approximately 200,000 barrels of oil on a daily basis. The production would be facilitated through the largest Floating Production Storage and Offloading built by the company. Total S.A. (Total), a French multinational integrated oil & gas company, has reportedly …