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  • MIL-OSI: LanzaTech Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 19, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today reported its financial and operating results for the first quarter of 2025.

    Key Takeaways:

    • Reported total revenue of $9.5 million for the first quarter of 2025 as compared to $10.2 million for the first quarter of 2024. The year-over-year decrease was driven primarily by lower revenues in the biorefining and Joint Development Agreement (“JDA”) & Contract Research businesses, which was largely offset by a significant increase in CarbonSmart™ revenue.
    • Continued to shift the Company’s core operations from research and development to the global deployment of LanzaTech’s commercially proven technology, with incremental actions being taken to sharpen the business focus, streamline operations, and improve the Company’s cost structure.
    • Closed $40 million of preferred equity capital in May of 2025; however, after completing its assessment as required by Generally Accepted Accounting Principles (“GAAP”), management has concluded that its continuing actions such as ongoing liquidity initiatives, together with the terms of the preferred capital, and the execution of cost reduction plans, do not alleviate substantial doubt about the Company’s ability to continue as a going concern.

    First Quarter 2025 Financial Results
    The table below outlines key results for the first quarter of 2025:

    All amounts in millions ($) Three Months Ended March 31,
        2025       2024  
    Revenue $ 9.5     $ 10.2  
    Cost of revenue   7.5       6.8  
    Gross Profit   2.0       3.4  
    Operating expenses   33.0       29.6  
    Net loss   (19.2 )     (25.5 )
    Adjusted EBITDA loss (1) $ (30.5 )   $ (22.1 )
                   

    (1)   See “Non-GAAP Financial Measures” and “Reconciliations of GAAP Net Loss to Adjusted EBITDA” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

    Revenue

    • Reported total revenue of $9.5 million for the first quarter of 2025 as compared to total revenue of $10.2 million for the first quarter of 2024. The decrease was driven primarily by lower biorefining and JDA & Contract Research revenues year-over-year, which were offset by a significant increase in CarbonSmart revenue:
      • Biorefining revenue for the first quarter of 2025 was $2.9 million as compared to $5.0 million for the first quarter of 2024. The year-over-year decrease was driven primarily by the first quarter of 2024 benefiting from engineering and other services contracts with existing customers which have since reached the completion of their current development phase.
      • JDA & Contract Research revenue for the first quarter of 2025 was $2.4 million as compared to $4.3 million for the first quarter of 2024. The year-over-year decline was attributable to the completion of certain government projects during 2024, compounded by a period of downtime prior to new projects commencing.
      • CarbonSmart revenue for the first quarter of 2025 was $4.2 million as compared to $0.9 million for the first quarter of 2024. The year-over-year increase was attributable to incremental direct fuel sales as a result of establishing licensing arrangements, identifying partners, and developing supply chain infrastructure during the third quarter of 2024.

    Cost of Revenue

    • For the first quarter of 2025, the cost of revenue was $7.5 million as compared to $6.8 million for the first quarter of 2024. The year-over-year increase was driven in part by a change in revenue mix related to a rise in revenue generated by CarbonSmart, which is a lower margin business as compared to biorefining and JDA & Contract Research. Additionally, the biorefining business experienced margin contraction during the first quarter of 2025 as compared to the same period in 2024 as a result of customer mix.

    Operating Expenses

    • For the first quarter of 2025, operating expenses were $33.0 million as compared to $29.6 million for the first quarter of 2024. The year-over-year increase was primarily driven by incremental costs associated with sharpening the business focus, streamlining operations, and evaluating strategic options.

    Net Loss

    • For the first quarter of 2025, net losses were $19.2 million as compared $25.5 million for the first quarter of 2024. Net loss decreased year-over-year primarily as a result of a $17.9 million non-cash gain on financial instruments being recorded in the first quarter of 2025, that was partially offset by expenses incurred associated with evaluating strategic options and a $6.5 million non-cash loss recorded related to equity method investees.

    Adjusted EBITDA Loss

    • For the first quarter of 2025, adjusted EBITDA loss was $30.5 million as compared to $22.1 million for the first quarter of 2024. The increase in adjusted EBITDA loss year-over-year was primarily attributable to higher selling, general and administrative expenses as a result of evaluating strategic options, along with lower revenue and higher cost of sales period-over-period.

    Balance Sheet and Liquidity
    As of March 31, 2025, LanzaTech had $23.4 million in total cash, restricted cash, and investments, compared to total cash of $58.1 million at the end of December 31, 2024. The Company subsequently closed $40 million of preferred equity capital in May of 2025.

    About LanzaTech
    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. For more information about LanzaTech, please visit https://lanzatech.com.

    Forward Looking Statements
    This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including the Company’s ability to continue operations as a going concern; the Company’s ability to obtain the stockholder approvals necessary to consummate the subsequent equity financing contemplated by the Series A Convertible Senior Preferred Stock Purchase Agreement, dated May 7, 2025; the Company’s ability to attract new investors and raise substantial additional financing to fund its operations and/or execute on its other strategic options; the Company’s ability to regain compliance with the listing rules of Nasdaq and maintain the listing of its securities on Nasdaq; and the Company’s ability to achieve profitability. LanzaTech may be adversely affected by other economic, business, or competitive factors, and other risks and uncertainties, including those described under the header “Risk Factors” in its Form 10-K for the year ended December 31, 2024, its Form 10-Q for the quarter ended March 31, 2025 and in future SEC filings. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements.

    Non-GAAP Financial Measures
    To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is not based on any standardized methodology prescribed by US GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

    We define adjusted EBITDA as our net loss, excluding the impact of depreciation, interest income, net, stock-based compensation expense, change in fair value of warrant liabilities, change in fair value of Brookfield SAFE liabilities, loss on Brookfield SAFE extinguishment, change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities, change in fair value of our outstanding convertible note and related transaction costs, change in fair value of Brookfield Loan and(loss) gain from equity method investees. We monitor adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our operating performance, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we include in net loss. Accordingly, we believe adjusted EBITDA provides useful information to investors, analysts, and others in understanding and evaluating our operating results and enhancing the overall understanding of our past performance and future prospects.

    Adjusted EBITDA is not prepared in accordance with US GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with US GAAP. There are a number of limitations related to the use of adjusted EBITDA rather than net loss, which is the most directly comparable financial measure calculated and presented in accordance with US GAAP. For example, adjusted EBITDA: (i) excludes stock-based compensation expense because it is a significant non-cash expense that is not directly related to our operating performance; (ii) excludes depreciation expense and, although this is a non-cash expense, the assets being depreciated and amortized may have to be replaced in the future; (iii) excludes gain or losses on equity method investee; and (iv) excludes certain income or expense items that do not provide a comparable measure of our business performance. In addition, the expenses and other items that we exclude in our calculations of adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from adjusted EBITDA when they report their operating results. In addition, other companies may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

     
    LANZATECH GLOBAL INC.
    CONSOLIDATED BALANCE SHEETS
    (Unaudited, in thousands, except share and per share data)
     
      March 31,   December 31,
        2025       2024  
    Assets      
    Current assets:      
    Cash and cash equivalents $ 13,778     $ 43,499  
    Held-to-maturity investment securities   7,411       12,374  
    Trade and other receivables, net of allowance   9,058       9,456  
    Contract assets   13,267       18,975  
    Other current assets   14,157       15,030  
    Total current assets   57,671       99,334  
    Property, plant and equipment, net   20,225       22,333  
    Right-of-use assets   28,482       26,790  
    Equity method investment   —       4,363  
    Equity security investment   14,990       14,990  
    Other non-current assets   4,467       6,873  
    Total assets $ 125,835     $ 174,683  
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable $ 6,434     $ 5,289  
    Other accrued liabilities   7,506       8,876  
    Warrants   549       3,531  
    Fixed Maturity Consideration and current FPA Put Option liability   4,123       4,123  
    Contract liabilities   5,291       6,168  
    Accrued salaries and wages   2,451       2,302  
    Current lease liabilities   166       158  
    Total current liabilities   26,520       30,447  
    Non-current lease liabilities   30,144       30,619  
    Non-current contract liabilities   5,433       5,233  
    FPA Put Option liability   30,015       30,015  
    Brookfield SAFE liability   —       13,223  
    Brookfield Loan liability   18,416       —  
    Convertible Note   15,969       51,112  
    Other long-term liabilities   512       587  
    Total liabilities   127,009       161,236  
           
    Shareholders’ Equity      
    Common stock, $0.0001 par value, 600,000,000 and 600,000,000 shares authorized; 197,897,580 and 194,915,711 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively   19       19  
    Additional paid-in capital   983,991       981,638  
    Accumulated other comprehensive income   3,648       1,393  
    Accumulated deficit   (988,832 )     (969,603 )
    Total shareholders’ equity   (1,174 )     13,447  
    Total liabilities and shareholders’ equity $ 125,835     $ 174,683  
     
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited, in thousands, except share and per share data)
     
      Three Months Ended March 31,
        2025       2024  
    Revenues:      
    Contracts with customers and grants $ 3,057     $ 6,250  
    CarbonSmart product sales   4,204       863  
    Collaborative arrangements   1,050       2,223  
    Related party transactions   1,172       908  
    Total revenues   9,483       10,244  
    Costs and operating expenses:      
    Contracts with customers and grants(1)   2,902       4,998  
    CarbonSmart product sales(1)   4,136       919  
    Collaborative arrangements(1)   461       796  
    Related party transactions(1)   14       57  
    Research and development expense   16,494       17,061  
    Depreciation expense   781       1,530  
    Selling, general and administrative expense   15,748       11,037  
    Total cost and operating expenses   40,536       36,398  
    Loss from operations   (31,053 )     (26,154 )
    Other income (expense):      
    Interest income, net   438       1,148  
    Other income, net   17,918       179  
    Total other income, net   18,356       1,327  
    Loss before income taxes   (12,697 )     (24,827 )
    Income tax expense   —       —  
    Loss from equity method investees, net   (6,532 )     (681 )
    Net loss $ (19,229 )   $ (25,508 )
           
    Other comprehensive loss:      
    Changes in credit risk of fair value instruments   2,696       —  
    Foreign currency translation adjustments   (441 )     42  
    Comprehensive loss $ (16,974 )   $ (25,466 )
           
    Net loss per common share – basic and diluted $ (0.10 )   $ (0.13 )
    Weighted-average number of common shares outstanding – basic and diluted   196,514,267       196,974,508  
                   
    (1)   exclusive of depreciation              
     
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited, in thousands)
     
      Three Months Ended March 31,
        2025       2024  
    Cash Flows From Operating Activities:      
    Net loss $ (19,229 )   $ (25,508 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Share-based compensation expense   2,280       2,529  
    Gain on change in fair value of SAFE and warrant liabilities   (2,932 )     (13,277 )
    Loss on Brookfield SAFE extinguishment   6,216       —  
    Loss on change in fair value of the Brookfield Loan   11,426       —  
    Loss on change in fair value of the FPA Put Option and the Fixed Maturity Consideration liabilities   —       13,045  
    Gain on change in fair value of Convertible Note   (35,143 )     —  
    Provisions for losses on trade and other receivables, net of recoveries   126       —  
    Depreciation of property, plant and equipment   781       1,530  
    Amortization of discount on debt security investment   (37 )     (360 )
    Non-cash lease expense   490       496  
    Non-cash recognition of licensing revenue   (1,108 )     (641 )
    Loss from equity method investees, net   6,532       681  
    Unrealized (Gain)/Loss on net foreign exchange   275       (224 )
    Changes in operating assets and liabilities:      
    Accounts receivable, net   240       645  
    Contract assets   5,837       (1,029 )
    Accrued interest on debt investment   32       (177 )
    Other assets   895       (3,012 )
    Accounts payable and accrued salaries and wages   1,171       (2,207 )
    Contract liabilities   463       616  
    Operating lease liabilities   (467 )     (485 )
    Other liabilities   1,051       (911 )
    Net cash used in operating activities   (21,101 )     (28,289 )
    Cash Flows From Investing Activities:      
    Purchase of property, plant and equipment   (713 )     (1,480 )
    Proceeds from maturity of debt securities   5,000       10,700  
    Net cash provided by investing activities   4,287       9,220  
    Cash Flows From Financing Activities:      
    Proceeds from issue of equity instruments of the Company   —       234  
    Repurchase of equity instruments of the Company   —       (48 )
    Partial settlement of the Brookfield Loan   (12,500 )     —  
    Net cash (used in)/provided by financing activities   (12,500 )     186  
    Effects of currency translation on cash, cash equivalents and restricted cash   (389 )     48  
    Net decrease in cash, cash equivalents and restricted cash   (29,703 )     (18,835 )
    Cash, cash equivalents and restricted cash at beginning of period   45,737       76,284  
    Cash, cash equivalents and restricted cash at end of period $ 16,034     $ 57,449  
    Supplemental disclosure of non-cash investing and financing activities:      
    Acquisition of property, plant and equipment under accounts payable   255       141  
    Extinguishment of the Brookfield SAFE   13,274       —  
    Issuance of the Brookfield Loan   (19,490 )     —  
     
    LANZATECH GLOBAL INC.
    Reconciliation of GAAP Net Loss to Adjusted EBITDA
    (Unaudited, in thousands)
     
      Three Months Ended March 31,
        2025       2024  
    Net Loss $ (19,229 )   $ (25,508 )
    Depreciation   781       1,530  
    Interest income, net   (438 )     (1,148 )
    Stock-based compensation expense and change in fair value of Brookfield SAFE and warrant liabilities (1)   (652 )     (10,748 )
    Loss on Brookfield SAFE extinguishment   6,216       —  
    Change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities (net of interest accretion reversal)   —       13,045  
    Change in fair value of Convertible Note and related transaction costs   (35,143 )     —  
    Change in fair value of Brookfield Loan   11,426       —  
    Loss from equity method investees, net   6,532       681  
    Adjusted EBITDA $ (30,507 )   $ (22,148 )
     
    (1)   Stock-based compensation expense represents expense related to equity compensation plans.

    Investor Relations Contact
    Kate Walsh
    VP, Investor Relations & Tax
    Investor.Relations@lanzatech.com

    The MIL Network –

  • MIL-OSI: Toobit Strengthens European Presence as Platinum Sponsor of Dutch Blockchain Week 2025

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 19, 2025 (GLOBE NEWSWIRE) — Toobit, an award-winning cryptocurrency exchange, will be participating in the upcoming Dutch Blockchain Week 2025 (DBW25) happening from May 19 to 25 as a Platinum Sponsor. The exchange will also be hosting a booth happening at the event’s Dutch Blockchain Summit, which will be held at Amsterdam’s Meervaart Theater on May 21 and 22.

    DBW25 is one of Europe’s leading blockchain gatherings, bringing together industry leaders, developers, investors, and regulators to explore innovations in digital assets and decentralized technologies. Organized by the BCNL Foundation, the largest Web3 ecosystem in the Netherlands, the event will serve as a hub for collaboration and knowledge-sharing, showcasing the evolving role of blockchain technology in finance and beyond.

    “We’re excited to be part of Dutch Blockchain Week, where some of the most important conversations around blockchain technology take place,” said Mike Williams, Chief Communication Officer of Toobit. “We look forward to building on meaningful discussions and exploring new innovations and opportunities in the space.”

    Toobit’s participation in the event comes on the heels of its successful participation in Web3 Amsterdam earlier this year, where the exchange similarly took on the role of Platinum Sponsor. The cryptoasset exchange had then mentioned its burgeoning presence in the Netherlands, as well as its intent to reach out to physically meet and engage its collaborators within the European crypto ecosystem.

    Dutch Blockchain Week provides a key platform for discussing emerging trends in security, accessibility, and innovations in crypto trading. Toobit joins a global network of professionals shaping the future of digital finance, contributing to the industry’s ongoing evolution. At the event, Toobit will also showcase its latest trading solutions, explore partnerships, and connect with the broader blockchain community.

    For more information on Dutch Blockchain Week 2025, visit https://dutchblockchainweek.com/

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This is a paid post and is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ea5067d-f871-42b3-9943-971a00218907

    The MIL Network –

  • MIL-OSI United Kingdom: Former Chinese takeaway owner sentenced after spending money on Apple and Burberry products instead of paying VAT bill

    Source: United Kingdom – Executive Government & Departments

    Press release

    Former Chinese takeaway owner sentenced after spending money on Apple and Burberry products instead of paying VAT bill

    Suspended sentence for bankrupt who defrauded HMRC

    • Former Chinese takeaway owner Zhang Jin Chen sold his house in Portsmouth and spent money from the sale in shops such as Apple and Burberry 

    • Chen knew he owed HM Revenue and Customs (HMRC) more than £43,000 in VAT at the time he made the purchases and other cash withdrawals 

    • The 51-year-old then filed for bankruptcy, claiming he only had £20 in his bank account

    A former Chinese takeaway owner who withdrew thousands of pounds from his bank account and bought items from shops such as Apple and Burberry instead of settling his tax bill has been sentenced. 

    Zhang Jin Chen owed HM Revenue and Customs (HMRC) more than £43,000 in VAT when he sold the house he owned with his then wife in Portsmouth in the autumn of 2020. 

    However, Chen disposed of £107,550 of his proceeds from the house sale without paying HMRC back. 

    The 51-year-old then applied for his own bankruptcy the following summer, claiming he only had £20 in his bank account, and £100 in cash. 

    Chen, of Havant Road, Portsmouth, was found guilty of fraudulently disposing of property as a bankrupt under the Insolvency Act 1986. 

    He was sentenced to 12 months in prison, suspended for 18 months, at Portsmouth Crown Court on Friday 16 May.  

    He was also ordered to complete 150 hours of unpaid work and 10 days of rehabilitation activity. 

    Mark Stephens, Chief Investigator at the Insolvency Service, said: 

    Zhang Jin Chen had the money available to pay the VAT he owed to HMRC twice over following the sale of his house but chose not to do so. Instead, he withdrew huge sums of money in cash and made purchases from the likes of Burberry and Apple. 

    Individuals who are declared bankrupt commit a criminal offence when they put assets out of the reach of creditors in the five years leading up to their bankruptcy. 

    Chen clearly intended to conceal his affairs and defraud HMRC so he could be more than £100,000 better off, instead of little over £60,000 if he had paid his debts.

    Chen ran a Chinese takeaway called Fortune House from an address on Albert Road in Portsmouth. He registered Fortune House as a business with HMRC in February 2012 but did not register it for VAT. 

    HMRC officials visited the takeaway in February 2020, finding evidence that Fortune House should have been VAT registered since December 2012. 

    Chen applied for bankruptcy in July 2021, stating that he knew he owed HMRC £43,876 in VAT but that he could not repay the debts. 

    However, in October 2020, Chen and his ex-wife sold their jointly owned house on Garnier Street in Portsmouth. 

    Over the next two months, Chen withdrew his proceeds of the sale in cash, the largest of which were two withdrawals of £30,000 in November 2020. 

    He also spent more than £3,500 on Apple products in November and December 2020 and a further £880 on a purchase from Burberry nine days before Christmas. 

    Chen signed a five-year Bankruptcy Restrictions Undertaking in March 2022 restricting him from being able to borrow more than £500 without disclosing his bankrupt status.  

    The restrictions also prevent him holding certain roles in public organisations. 

    The Insolvency Service is seeking to recover the funds under the Proceeds of Crime Act 2002.

    Further information

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Amplify Energy Appoints Clint Coghill to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it has appointed Clint Coghill to its Board of Directors (the “Board”) as Lead Independent Director, effective May 16, 2025. In connection with Mr. Coghill’s appointment, the Company entered into a cooperation agreement with Mr. Coghill and his affiliates Stoney Lonesome HF, LP and The Drake Helix Holdings, LLC (collectively, “Stoney Lonesome”), the beneficial owners of approximately 7% of the Company’s outstanding shares.

    Mr. Coghill will serve as a member of the Board’s Compensation Committee and be included in the Board’s slate of nominees up for election at the Company’s upcoming 2025 Annual Meeting of Stockholders.

    “We appreciate the constructive dialogue we have had with Clint and are pleased to welcome him to the Board,” said Chris Hamm, Chairman of Amplify. “We believe Clint’s business and financial expertise and strong shareholder perspective will be invaluable assets to the Company and we look forward to working with him.”

    Clint Coghill, the Chief Investment Officer of Stoney Lonesome, said, “I’m pleased to join the Board of Amplify and look forward to working with Amplify’s Board and management team to help the Company achieve its potential and drive shareholder value.”

    In connection with the cooperation agreement, Stoney Lonesome has agreed to a customary standstill, voting and other provisions. The cooperation agreement will be included as an exhibit to a Current Report on Form 8-K, which the Company will file with the U.S. Securities and Exchange Commission.

    Kirkland & Ellis LLP served as legal counsel to Amplify.

    About Clint Coghill

    Clint Coghill brings more than 30 years of experience as a successful money manager, software entrepreneur, and philanthropist. Mr. Coghill is the Founder of Backstop Solutions Group, LLC, an industry-leading service company redefining the way firms operate in private markets and reshaping the institutional investment industry. From 2003 to 2021, Mr. Coghill served as Chairman of the Board and Chief Executive Officer of Backstop Solutions Group, LLC from 2013 until its sale to ION Analytics in 2021, where he then was the Head of the Investor Segment until early 2025. Prior to that, he served as President and Chief Investment Officer of Coghill Capital Management, LLC. Mr. Coghill currently serves as the chairman of the board of the Coghill Family Foundation and serves on the board of directors of New Moly, LLC. Mr. Coghill holds a B.A. in Business Administration from the University of Arizona and an M.B.A. from the London Business School.

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Contacts

    Amplify Energy

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    FTI Consulting

    Tanner Kaufman / Brandon Elliott / Rose Zu
    amplifyenergy@fticonsulting.com

    The MIL Network –

  • MIL-OSI: CBAK Energy Reports First Quater 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 19, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”) a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March 31, 2025.

    First Quater of 2025 Financial Results

    Net revenues1 were $34.9 million, representing a decrease of 41% compared to $58.8 million in the same period of 2024. The substantial decline primarily stems from our Dalian facilities, where a major portion of customers are in the residential energy supply sector. These facilities are currently undergoing a product portfolio upgrade, transitioning from Model 26650 to Model 40135. Customers who previously purchased Model 26650 are now in a transitional phase of testing and validating the new Model 40135. We anticipate a gradual recovery as both existing and potential customers complete the validation of Model 40135.

    Among these revenues, detailed revenues from our battery business are:

    Battery Business   2024
    First Quater    		     2025
    First Quater    		     % Change
    YoY
    Net Revenues ($)   44,837,869     20,363,338     -54.6
    Gross Profits ($)   18,458,522     4,720,102     -74.4
    Gross Margin   41.2 %   23.2 %   –
    Net Income ($)   11,682,429     336,861     -97.1
    Net Revenues from Battery Business on Applications ($)                
    Electric Vehicles   480,181     537,507     11.9
    Light Electric Vehicles   1,510,292     2,844,874     88.4
    Residential Energy Supply & Uninterruptable supplies   42,847,396     16,980,957     -60.4
    Total   44,837,869     20,363,338     -54.6
    1 Net revenues consist of the Company’s self-operated battery business and Hitrans, which was acquired in 2021, an independently managed raw materials business.


    Cost of revenues     was $30.14 million, representing a decrease of 24.7% from $40.0 million in the same period of 2024.

    Gross profit was $4.8 million, representing an decrease of 74.43% from $18.78 million in the same period of 2024. Gross margin was 13.7%, compared to 31.9% in the same period of 2024.

    Operating loss amounted to $2.86 million, compared to an operating income of $10.3 million in the same period of 2024.

    Net loss attributable to shareholders of CBAK Energy was $1.58 million, compared to net income attributable to shareholders of CBAK Energy of $9.8 million in the same period of 2024.

    Basic and diluted loss per share were both $0.02, compared to basic and diluted income per share of $0.11 in 2024.

    Zhiguang Hu, Chief Executive Officer of the Company, commented, “As anticipated, we experienced a significant 41% year-over-year decline in net revenues. This decrease was expected, as Model 26650 — a cell developed in 2006 and still produced at our Dalian facilities — has become largely outdated. Both existing and potential customers are currently transitioning from Model 26650 to the more advanced Model 40135. We are confident that, upon completing the construction of new manufacturing lines for Model 40135 in the second half of this year, and as customers finalize product validation, our revenues will begin to recover gradually.”

    Jiewei Li, Chief Financial Officer and Secretary of the Board, added, “As Mr. Hu emphasized, we expect to recover once the product portfolio upgrade at our Dalian facilities is completed. Meanwhile, our Nanjing facilities continue to experience strong growth momentum, driven by robust market demand for Model 32140, our most advanced and flagship product to date. Additionally, we are in the final stages of securing a long-term order from one of our key customers, which we hope to finalize and share with our shareholders in the near future.”

    Conference Call

    CBAK Energy’s management will host an earnings conference call at 9:00 AM U.S. Eastern Time on Monday, May 19, 2025 (9:00 PM Beijing/Hong Kong Time on May 19, 2025).

    For participants who wish to join our call online, please visit:
    https://edge.media-server.com/mmc/p/wfu5unoh

    Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIb49b754e574a43e68068965ba0234966

    Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

    A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/wfu5unoh

    The earnings release and the link for the replay are available at ir.cbak.com.cn

    About CBAK Energy

    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

    Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Balance Sheets
    As of December 31, 2024 and March 31, 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      December 31,
    2024    		     March 31,
    2025    		  
    Assets          
    Current assets          
    Cash and cash equivalents $ 6,724,360     $ 4,052,010  
    Pledged deposits   54,061,642       43,482,693  
    Term deposits   4,237,090       5,530,030  
    Trade and bills receivable, net   32,938,918       40,835,093  
    Inventories   22,851,027       30,803,486  
    Prepayments and other receivables   20,004,966       17,991,265  
    Receivables from former subsidiary   12,399       9,011  
    Income tax recoverable   566,458       455,342  
    Total current assets   141,396,860       143,158,930  
                   
    Property, plant and equipment, net   85,486,829       84,283,683  
    Construction in progress   42,526,859       51,527,443  
    Long-term investments, net   2,246,494       2,313,725  
    Prepaid land use rights   11,075,973       11,056,715  
    Intangible assets, net   382,962       268,398  
    Deposit paid for acquisition of long-term investments   15,864,318       15,949,095  
    Operating lease right-of-use assets, net   3,237,849       2,906,652  
    Total assets $ 302,218,144     $ 311,464,641  
                   
    Liabilities              
    Current liabilities              
    Trade and bills payable   84,724,386       93,398,948  
    Short-term bank borrowings   26,087,350       29,301,628  
    Other short-term loans   335,715       335,905  
    Accrued expenses and other payables   58,285,635       50,305,373  
    Payable to a former subsidiary, net   419,849       418,211  
    Deferred government grants, current   556,214       559,186  
    Product warranty provisions   23,426       23,000  
    Operating lease liability, current   1,268,405       1,159,373  
    Total current liabilities   171,700,980       175,501,624  
                   
    Long-term bank borrowings   –       4,131,890  
    Deferred government grants, non-current   7,580,255       10,272,610  
    Product warranty provisions   420,688       417,565  
    Operating lease liability, non-current   2,449,056       2,397,859  
    Total liabilities   182,150,979       192,721,548  
                   
    Commitments and contingencies              
                   
    Shareholders’ equity              
    Common stock $0.001 par value; 500,000,000 authorized; 90,083,396 issued and 89,939,190 outstanding as of December 31, 2024; and 90,083,868 issued and 89,939,662 outstanding as of March 31, 2025   90,083       90,083  
    Donated shares   14,101,689       14,101,689  
    Additional paid-in capital   247,842,445       247,869,511  
    Statutory reserves   1,230,511       3,042,602  
    Accumulated deficit   (122,605,730 )     (125,997,055 )
    Accumulated other comprehensive loss   (14,919,345 )     (14,248,434 )
        125,739,653       124,858,396  
                   
    Less: Treasury shares   (4,066,610 )     (4,066,610 )
                   
    Total shareholders’ equity   121,673,043       120,791,786  
    Non-controlling interests   (1,605,878 )     (2,048,693 )
    Total equity   120,067,165       118,743,093  
                   
    Total liabilities and shareholder’s equity $ 302,218,144     $ 311,464,641  

     

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
    For the three months ended March 31, 2024 and 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      Three months ended
    March 31,    		  
      2024     2025  
    Net revenues $ 58,822,432     $ 34,938,901  
    Cost of revenues   (40,041,385 )     (30,137,167 )
    Gross profit   18,781,047       4,801,734  
    Operating expenses:              
    Research and development expenses   (2,815,518 )     (3,023,961 )
    Sales and marketing expenses   (1,724,032 )     (896,050 )
    General and administrative expenses   (4,092,527 )     (3,804,137 )
    Allowance of credit losses and bad debts written off, net   114,013       58,395  
    Total operating expenses   (8,518,064 )     (7,665,753 )
    Operating income (loss)   10,262,983       (2,864,019 )
    Finance income, net   9,663       45,120  
    Other income, net   367,438       712,792  
    Share of (loss) income of equity investee   (18,824 )     55,125  
    Income (loss) before income tax   10,621,260       (2, 050,982 )
    Income tax expenses   (1,048,786 )     –  
    Net income (loss)   9,572,474       (2, 050,982 )
    Less: Net loss attributable to non-controlling interests   263,976       471,748  
    Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc. $ 9,836,450     $ (1,579,234 )
                   
    Net income (loss)   9,572,474       (2,050,982 )
    Other comprehensive income (loss)              
    – Foreign currency translation adjustment   (1,906,048 )     699,844  
    Comprehensive income (loss)   7,666,426       (1,315,138 )
    Less: Comprehensive loss attributable to non-controlling interests   274,223       442,816  
    Comprehensive income (loss) attributable to CBAK Energy Technology, Inc. $ 7,940,649     $ (908,322 )
                   
    Income (loss) per share              
    – Basic $ 0.11     $ (0.02 )
    – Diluted $ 0.11     $ (0.02 )
                   
    Weighted average number of shares of common stock:              
    – Basic   89,925,024       89,938,690  
    – Diluted   90,123,965       89,938,690  

    The MIL Network –

  • MIL-OSI: Qorvo® Announces Intent to Nominate Peter Feld of Starboard Value for Election to the Board at the 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    GREENSBORO, N.C., May 19, 2025 (GLOBE NEWSWIRE) — Qorvo® (NASDAQ: QRVO), a leading global provider of connectivity and power solutions, today announced that its Board of Directors (the “Board”) has resolved to increase the size of the Board from nine to ten directors and to include Peter Feld as one of the Company’s director nominees in its proxy statement for the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

    The Board has also resolved to recommend that stockholders vote in favor of all Company director nominees, including Mr. Feld, at the 2025 Annual Meeting.

    Given the Company’s intention to nominate Mr. Feld, Starboard has agreed to rescind its nomination notice.

    Bob Bruggeworth, President and CEO of Qorvo, said, “Peter shares our goal of driving value for Qorvo shareholders and will bring additional technology industry knowledge and complementary perspectives, adding to our very qualified and experienced Board.”

    “We invested in Qorvo because of the tremendous potential we see in the Company’s strong product portfolio and leading industry position, which provide the foundation for Qorvo to drive continued improvement in growth, profitability, and value creation,” said Peter Feld, Managing Member of Starboard Value LP. “I am pleased to be nominated to the Board and look forward to working collaboratively with my fellow directors and the management team to help Qorvo capitalize on opportunities to drive long-term shareholder value.”

    About Peter A. Feld

    Peter A. Feld is a Managing Member, Portfolio Manager and Head of Research of Starboard Value LP since April 2011 and has significant expertise serving as a shareholder representative on numerous technology company boards that have created substantial value for shareholders. Mr. Feld has substantial experience in corporate finance, best-in-class corporate governance, and a deep understanding of capital markets. Prior to founding Starboard in 2011, Mr. Feld was a Managing Director and Head of Research at Ramius LLC for funds that comprised the Value and Opportunity investment platform. Prior to joining Ramius in February 2005, Mr. Feld was an analyst in the Technology Investment Banking group at Banc of America Securities LLC. Previously, he served as a member of the boards of directors of Gen Digital Inc., a global leader dedicated to powering Digital Freedom through its family of consumer brands, from September 2018 to May 2025; Green Dot Corporation, a financial technology company, from March 2022 to October 2023; GCP Applied Technologies, Inc., a technology company, from June 2020 until it was acquired by Compagnie de Saint-Gobain S.A. in September 2022; Magellan Health, Inc., a healthcare company, from March 2019 until it was acquired by Centene Corporation in January 2022; AECOM, a multinational infrastructure firm, from November 2019 to June 2020; Marvell Technology Group Ltd., a storage, networking and connectivity semiconductor solutions company, from May 2016 to June 2018; The Brink’s Company, a global leader in security-related services, from January 2016 to November 2017; Insperity, Inc., an industry-leading HR services provider, from March 2015 to June 2017; Darden Restaurants, Inc., a full-service restaurant company, from October 2014 to September 2015; Tessera Technologies, Inc. (n/k/a Xperi Corporation), a leading product and technology licensing company, from June 2013 to April 2014; and Integrated Device Technology, Inc., a company that designed, developed, manufactured and marketed a range of semiconductor solutions for the advanced communications, computing and consumer industries, from June 2012 to February 2014. Mr. Feld received a B.A. degree in Economics from Tufts University.

    About Qorvo

    Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

    Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

    About Starboard Value LP

    Starboard Value LP is an investment adviser with a focused and fundamental approach to investing in publicly traded companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. 

    Forward Looking Statements

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    At Qorvo®
    Doug DeLieto
    VP, Investor Relations
    1.336.678.7968

    The MIL Network –

  • MIL-OSI: MEXC Launches Pizza Day Lucky Wheel Event Offering Over $100,000 in BTC and Hot Tokens

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 19, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has announced the launch of the Pizza Day Lucky Wheel event to celebrate Bitcoin Pizza Day. Bitcoin Pizza Day originated on May 22, 2010, when a programmer purchased two pizzas for 10,000 Bitcoins, marking the first real-world transaction using Bitcoin and symbolizing a key milestone in cryptocurrency’s practical application. In this event, users will have the opportunity to share over $100,000 in BTC and other hot tokens.

    Event Details

    The Pizza Day Lucky Wheel event runs from May 19, 12:00 to May 28, 2025, 12:00 (UTC).

    How to Participate

    • Register for the event on the official MEXC platform.
    • Complete the tasks listed on the event page to earn spin chances.
    • Spin the Wheel to win BTC, hot tokens, and other rewards.

    Bonus Offer
    Users who invite friends to join MEXC using a referral code can receive a 10 USDT token gift pack for each friend who registers and completes a task. Each referrer can earn up to five gift packs on a first-come, first-served basis. For more details and to participate in the Pizza Day Lucky Wheel event, please visit here.

    In addition to the Pizza Day Lucky Wheel event, MEXC has launched various regional events to celebrate Pizza Day, providing generous rewards. Details of these events can be found below:

    As a firm believer in the cultural value of crypto, MEXC actively promotes community engagement through creative, culturally inspired events. These initiatives enrich the user experience and help shape a more inclusive and participatory crypto ecosystem.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5d6bc55-13e5-4c09-8e0a-a6aeb1f78c18

    The MIL Network –

  • MIL-OSI: Nasdaq Notification Regarding Minimum Bid Price Requirement and Minimum Market Value of Listed Securities

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Notification Regarding Minimum Bid Price Requirement

    SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation based in Singapore, has received a notification letter, dated May 13, 2025, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its securities was below $1.00 for a period of 32 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

    The notification letter has no immediate effect on the listing of the Company’s securities, and the Company’s securities continue to trade on Nasdaq under the symbol “TDTH”.

    Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until November 10, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s Minimum Bid Price Requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s securities is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

    In the event the Company does not regain compliance by November 10, 2025, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

    The Company intends to monitor the closing bid price of its securities and will consider its options in order to regain compliance with the Minimum Bid Price Requirement.

    Nasdaq Notification Regarding Minimum Market Value of Listed Securities

    On May 13, 2025, the Company received a letter from Nasdaq indicating that, based upon the Company’s market value of listed securities (“MVLS”) for the 31 consecutive business day period from March 28, 2025 through May 12, 2025, the Company did not maintain the minimum MVLS of US$35,000,000 required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Company will be afforded a period of 180 calendar days, or until November 10, 2025 (the “MVLS Compliance Period”), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(C).

    In order to regain compliance with Nasdaq’s minimum MVLS requirement, the minimum MVLS of the Company must meet or exceed US$35,000,000 for a minimum of ten consecutive business days during the MVLS Compliance Period. In the event the Company does not regain compliance by the end of the MVLS Compliance Period, the Company will receive written notification that its securities are subject to delisting, which the Company may appeal to a hearings panel.

    The Company intends to continue to monitor its MVLS between now and November 10, 2025, and will consider the various options available to the Company if its listed securities do not trade at a level that is likely to regain compliance. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement or maintain compliance with any of the other Nasdaq Capital Market continued listing requirements.

    The foregoing letter has no immediate effect on the listing of the Company’s securities, which will continue to be listed and traded on Nasdaq under the symbol “TDTH”, subject to the Company’s compliance with the other continued listing requirements of the Nasdaq Capital Market.

    About Trident

    Trident is a leading catalyst for digital transformation in digital optimization, technology services, and Web 3.0 activation worldwide, based in Singapore. The Company offers commercial and technological digital solutions designed to optimize its clients’ experience with their end-users by promoting digital adoption and self-service.

    Tridentity, the Company’s flagship product, is an innovative and highly secure blockchain-based identity solution designed to provide secure single sign-on authentication capabilities to integrated third-party systems across various industries. Tridentity aims to offer unparalleled security features, ensuring the protection of sensitive information and preventing potential threats, thus promising a new secure era in the global digital landscape in general, and in South Asia etc.

    Beyond Tridentity, the Company’s mission is to become the global leader in Web 3.0 activation, notably connecting businesses to a reliable and secure technological platform, with tailored and optimized customer experiences.

    Safe Harbor Statement

    This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For Investor/Media Enquiries

    Investor Relations
    Robin Yang, Partner
    ICR, LLC
    Email: investor@tridentity.me
    Phone: +1 (212) 321-0602

    The MIL Network –

  • MIL-OSI: Mine Bitcoin Solaris on Your Smartphone: Nova App Private Beta Now Live

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 19, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris today announced the launch of the private beta for its Nova App, a next-generation mobile mining platform that allows users to earn Bitcoin Solaris (BTC-S) tokens directly from their smartphones, laptops, or PCs — with no specialized equipment or technical setup required.

    This marks a major milestone in Bitcoin Solaris’ mission to make cryptocurrency mining accessible, efficient, and profitable for everyone.

    The Nova App: Tap to Mine, Earn Daily

    The Nova App transforms smartphones into mining nodes that contribute directly to the Bitcoin Solaris blockchain. Users can now begin earning BTC-S through a seamless, low-energy process optimized for mobile devices.

    Key Features of the Nova App:

    • No Equipment Costs: Mine crypto without ASICs, GPUs, or high-end computers
    • Cross-Platform Support: Available for Android, iOS, Windows, macOS, Linux, and web browsers
    • Battery & Data Friendly: Smart energy management ensures minimal resource usage
    • Daily Rewards: Receive BTC-S every day based on contribution metrics
    • Built-in Wallet: Securely manage tokens in-app
    • Step-by-Step Tutorials: Anyone can get started in minutes with no technical experience required

    Nova App mining is not just a tech feature — it’s the foundation for a decentralized, user-powered economy where earnings reflect active participation.

    Behind the Blockchain: Secure, Audited, Scalable

    Bitcoin Solaris runs on a hybrid consensus architecture that integrates Proof-of-Stake, Proof-of-Capacity, Proof-of-History, and Proof-of-Time — enabling fast transactions, enhanced security, and over 10,000 TPS with 2-second block finality.

    All smart contracts powering the network have been independently audited, and the core team is fully KYC verified, ensuring trust, transparency, and protocol integrity.

    Liquid Staking with Utility

    Beyond mining, users can stake their BTC-S and receive sBTC-S, a liquid staking token that unlocks access to DeFi tools and on-chain governance without locking up capital. Features include:

    • Continuous staking rewards
    • DeFi utility: lending, borrowing, liquidity provisioning
    • On-chain governance participation

    This system empowers users to stay agile with their assets while maximizing potential yield.

    Presale Phase 3: A Time-Limited Opportunity

    The BTC-S token is built on a fixed-supply model, with a cap of 21 million tokens. Only 4.2 million have been allocated to presale, and Phase 3 is now live:

    • Current Price: 3 USDT
    • Next Phase: 4 USDT
    • Launch Price: 20 USDT
    • Bonus: 13 percent
    • Remaining Tokens in this Round: 323,076

    This limited window offers early adopters a discounted entry point before the public Nova App release and exchange listings.

    Even Crypto Nitro recently highlighted Bitcoin Solaris in a detailed review covering why this project is grabbing so much attention in the crypto space.

    With the Nova App private beta now live, users can start mining Bitcoin Solaris from anywhere, with nothing more than a smartphone. It’s crypto mining redefined — inclusive, transparent, and built for real-world rewards.

    Download instructions and full program details are available for early beta testers.

    For More Information:
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/72d2780a-8ea2-48c5-9763-84426c88aea4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/40976ede-9ae8-41f8-aae6-f6c52803fa55

    https://www.globenewswire.com/NewsRoom/AttachmentNg/03c21579-1339-48a8-a339-8f3d785f3846

    The MIL Network –

  • MIL-OSI Europe: Ethiopia Unveils Strategic Initiative to Green Its Financial System and Drive Sustainable Investment

    Source: European Investment Bank

    EIB

    • EIB Greening Financial Systems Programme to work with the National Bank of Ethiopia and Commercial banks to enhance technical understanding of climate risks, enhance climate finance and develop Ethiopian green taxonomy 
    • Ethiopia latest country to join pioneering climate resilience initiative backed by Germany

    The Greening Financial Systems Programme was officially launched in Ethiopia today by Ethiopian and international partners at the Ethiopia Finance Forum.

    This transformative initiative aims to strengthen the resilience of Ethiopia’s financial sector to climate change by embedding climate risk into regulatory frameworks, advancing climate-related disclosures, and supporting the financing of sustainable projects across the country.

    The National Bank of Ethiopia: Driving the green finance agenda

    At the heart of this initiative is the National Bank of Ethiopia (NBE), which is spearheading efforts to integrate climate considerations into the core of the financial sector. Recognizing the growing risks climate change poses to financial stability, the NBE is undertaking a strategic reform to align Ethiopia’s financial system with national climate objectives and international sustainability standards.

    Demonstrating its strong institutional commitment, the NBE has established a high-level internal oversight and coordination team to guide the implementation, monitor progress, and ensure effective follow-up of the GFS Programme. This team brings together senior experts from across the Bank to oversee integration of climate risk considerations into supervisory frameworks and to coordinate with stakeholders on the development of green finance tools.

    The GFS Programme will support the NBE in:

    • Integrating climate-related financial risks into its supervisory and regulatory frameworks.
    • Enhancing climate risk management capabilities across the financial sector.
    • Developing a climate risk disclosure and reporting framework aligned with international best practices.
    • Strengthening institutional capacity through tailored training programs and technical support.
    • Coordinating the development of a National Green Taxonomy that will guide financial institutions and investors on what constitutes environmentally sustainable economic activities.

    “The financial sector has a critical role to play in mobilising the significant finance required for Ethiopia’s transition to a climate-resilient, green economy. The Greening Financial Systems initiative will enhance our capacity to guide the sector in adapting to a changing climate and unlocking green investment opportunities,” said H.E. Mamo E. Mihretu, Governor of the National Bank of Ethiopia.

    The technical assistance agreements were signed during the forum by Mr. Solomon Desta, Vice Governor for Financial Institutions at the National Bank of Ethiopia, and Ms. Leyla Traoré, Head of the EIB Representation to Ethiopia and the African Union. The event was attended by the German Ambassador to Ethiopia and the African Union, the EU Ambassador to Ethiopia, and representatives from the Ministry of Finance of Ethiopia.

    The EIB is delighted to welcome Ethiopia to the Greening Financial Systems Programme. By supporting the National Bank of Ethiopia, we are building an enabling environment that will unlock vital climate action and green investments, contributing to Ethiopia’s ambitious climate goals,” said Ambroise Fayolle, Vice President of the European Investment Bank.

    Funded by Germany through the International Climate Initiative (IKI), and implemented by the EIB, the GFS Programme in Ethiopia forms part of a broader international initiative that also includes Albania, Armenia, Georgia, Kenya, Nigeria, North Macedonia, and Rwanda.

    Strengthening financial institutions for climate resilience

    Beyond regulatory enhancements, the programme also supports Ethiopian commercial banks and financial institutions to build green finance capabilities. This includes:

    • Developing green lending portfolios.
    • Improving internal climate risk assessments.
    • Introducing climate-sensitive credit evaluation frameworks.
    • Facilitating access to green finance instruments and capacity-building workshops.

    By complementing the regulatory improvements led by the NBE, this support aims to mobilize private finance for environmentally sustainable investments, helping banks identify viable green projects and reduce exposure to climate-related risks.

    Laying the foundation for a national green taxonomy

    A key priority under the NBE’s leadership is the development of Ethiopia’s first National Green Taxonomy, a classification system that will define which economic activities and investments are considered sustainable and climate aligned. The taxonomy will:

    • Provide clarity and consistency in green investment classification.
    • Serve as a reference for financial institutions, regulators, and investors.
    • Support the alignment of domestic practices with international ESG and sustainability standards.

    This process will be accompanied by consultations with stakeholders and the preparation of reporting guidelines for the taxonomy’s application across the financial sector.

    Ethiopia is among the countries most vulnerable to climate change, with growing risks from extreme weather, drought, and food insecurity. These risks pose serious threats to the economy and the stability of the financial system.

    The National Bank of Ethiopia’s proactive leadership and institutional commitment—in collaboration with the EIB and international partners—underscores a bold national effort to build climate resilience. Through the GFS Programme, Ethiopia is positioning its financial system to not only manage risks but also seize green investment opportunities that contribute to long-term, sustainable economic growth.

    “Germany is proud to support Ethiopia’s efforts to green its financial system through the International Climate Initiative. The IKI Fund is one of the key instruments of the German Federal Government for international climate action to support strategies for countries that seek to achieve the green transformation. Strengthening financial resilience and unlocking green investment is crucial for Ethiopia’s sustainable future.” said H.E. Jens Hanefeld, German Ambassador to Ethiopia.

    This programme underscores the close partnership between the European Union and Ethiopia in addressing the urgent challenge of climate change. By strengthening the financial sector’s capacity to manage climate risks and finance green projects, we are jointly advancing sustainable development and building resilience,” added H.E. Mrs. Sofie From-Emmesberger, EU Ambassador to Ethiopia.

    Background information

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. We aim to support €100 billion of investment by the end of 2027 — around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through our offices across the world. High-quality, up-to-date photos of our headquarters for media use are available here.

    http://twitter.com/EIB

    https://www.linkedin.com/company/eib-global/

    More information about the Greening Financial Systems (GFS) technical assistance programme is here.

    Ethiopia Unveils Strategic Initiative to Green Its Financial System and Drive Sustainable Investment
    Ethiopia Unveils Strategic Initiative to Green Its Financial System and Drive Sustainable Investment
    ©EIB
    Download original
    Ethiopia Unveils Strategic Initiative to Green Its Financial System and Drive Sustainable Investment
    Ethiopia Unveils Strategic Initiative to Green Its Financial System and Drive Sustainable Investment
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    MIL OSI Europe News –

  • MIL-OSI Video: EC Economic Forecast: Europe’s Economic Outlook in Under 60 Seconds

    Source: European Commission (video statements)

    Wondering where Europe’s economy stands right now? Here’s the Spring 2025 Forecast — In under 60 seconds!
    Growth: Slow but steady. More momentum is expected by 2026.
    Trade: Global uncertainty lingers, but Europe stays resilient.
    Investment: Hesitant, but EU recovery funds offer a boost.
    Inflation: Easing — on track to hit 2% this year.
    Jobs & Spending: Unemployment at record lows, wages gaining value.
    Let’s keep building a stronger, more competitive EU.
    Want more insights? Read the full Press release on the European Commission’s website: https://europa.eu/!cFPpp9

    https://www.youtube.com/watch?v=Qpup2V8u9-A

    MIL OSI Video –

  • MIL-OSI United Kingdom: Major investment partnership worth £24 billion to transform key growth sectors and deliver affordable housing across UK

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Major investment partnership worth £24 billion to transform key growth sectors and deliver affordable housing across UK

    A major new partnership between the Crown Estate and Lendlease has been agreed which will unlock housing and science innovation hubs across the UK worth £24 billion.

    • Joint venture between The Crown Estate and Lendlease will unlock housing and science innovation hubs across the UK worth £24 billion.

    • Major investment pipeline includes land portfolio with the potential to build 26,000 new homes, with around one-third allocated to affordable housing – supporting the government’s aim to build 1.5 million new homes by 2029. 

    • Pipeline also includes plans to build vast new office space and labs, creating 100,000 new jobs across the country, boosting economic growth and delivering on the Plan for Change. 

    Major new partnership from the Crown Estate and Lendlease with a Gross Development Value (GDV) of £24 billion will develop housing and science and innovation hubs and help create 100,000 new jobs and 26,000 new homes, backing the Government’s Plan for Change.  

    The joint venture allows The Crown Estate to invest in Lendlease’s undeveloped UK land and land management portfolio, providing support on existing projects, helping to transform the UK’s science, tech and innovation sectors and deliver new housing. 

    The projects have the potential to deliver around 10 million square feet of workspace and labs, and deliver vital investment in digital and technologies and the life sciences sectors – two of the key growth sectors in the government’s upcoming modern Industrial Strategy. 

    The pipeline is also hoped to deliver over 26,000 new homes for people across the country – of which a third are expected to be affordable housing – backing this Government’s plans to build 1.5 million new homes and get Britain building again as part of the Plan for Change.

    In support of the partnership, the Chancellor and Minister for Investment met with Lendlease’s Group CEO Tony Lombardo and Dan Labbad, CEO of The Crown Estate in Downing Street

    Chancellor of the Exchequer Rachel Reeves said:

    We are pulling every lever to grow our economy so we can put more money in people’s pockets, boost home ownership and make Britain a global hub for life sciences through our Plan for Change.

    This includes creating the right environment for organisations like The Crown Estate and Lendlease to partner, helping us to unlock capital to get Britain building and get Britain growing.

    Minister for Investment Baroness Gustafsson CBE said:

    This is yet another strong endorsement of the UK’s investment environment and our thriving real estate sector as this government has committed to get Britain building again, a crucial part of delivering our Plan for Change.  

    This pipeline and the creation of additional research labs across the UK, will be a massive boost for our world-leading science, innovation and technology sectors, all key growth sectors in our upcoming modern Industrial Strategy.” 

    The government’s upcoming modern Industrial Strategy will make doing business quicker, easier and more profitable than ever before. Its 10-year plan will provide business with the certainty they need to invest and innovate in the growth-driving sectors that will shape the UK’s economy, drive regional development, enhance living standards and create high quality jobs.

    Businesses have identified that inadequate infrastructure has impacted the growth of UK firms, with the UK suffering from a chronic lack of lab space compared to other leading global hubs, but this pipeline will ensure high-growth sectors have the lab space, transport and housing they need. 

    If the life sciences real estate markets of Cambridge, Oxford and London were to match their US counterparts by 2035, it could mean 67,000 more high-skilled, high-wage jobs and £4bn a year in additional GVA. 

    Areas poised for office and housing development include around Euston Station, Silvertown and Thamesmead Waterfront in London, as well as Smithfield in Birmingham.   

    The joint venture will provide a substantial boost to the UK’s thriving tech ecosystem, which is the third biggest in the world and worth more than £1 trillion.

    Group CEO of Lendlease Tony Lombardo said:

    This landmark partnership between our two organisations will combine our shared expertise in delivering city shaping precincts and creating long-term benefits for communities.

    As master developer, we look forward to working with The Crown Estate to unlock value within our UK development portfolio, for partners, government clients and our securityholders.

    Dan Labbad, Chief Executive of The Crown Estate, said:

    With strong support from local and national government, we look forward to working with Lendlease and others to realise the potential of these projects to create jobs, stimulate growth and positively impact lives, while also generating income for the UK. 

    As a country, we face challenges to unlocking growth. To support this, we need to spark investment in sectors like science, technology, and housing, alongside deep collaboration across communities, government, and the private sector. This joint venture is an example of how The Crown Estate is harnessing its mandate to act in the UK’s long-term national interest, supported by new investment powers, and stepping up its ambition to support inclusive growth for the nation.” 

    Since entering office, the government has been focused on restoring economic stability – the foundation of growth – to give businesses the confidence to invest and expand in the UK. Today’s announcement demonstrates how confidence in the UK’s investment environment translates to real jobs and growth for local communities.    

    This major announcement comes due to the Crown Estate Act 2025 which increased The Crown Estate’s powers to unlock further investment, kickstarting growth and generating greater returns for the public purse whilst benefitting public services across the UK.

    Notes to editors:

    • The Crown Estate has a diverse £16 billion portfolio that includes urban centres and development opportunities; one of the largest rural holdings in the country; Regent Street and St James’s in London’s West End; and Windsor Great Park. They also manage the seabed and much of the coastline around England, Wales and Northern Ireland, playing a major role in the UK’s world leading offshore wind sector. 

    • Lendlease is an integrated real estate group. Headquartered in Sydney, Australia, it is listed on the Australian Securities Exchange. Its core capabilities are reflected in the operating segments of investments, development and construction, and providing a sustainable competitive advantage in delivering innovative integrated solutions for its customers.

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Gate Introduces Brand New Domain Gate.com and Brand Logo, Advancing Toward the “Next-Generation Crypto Exchange”

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, May 19, 2025 (GLOBE NEWSWIRE) — Gate, a global leading cryptocurrency trading platform, has officially adopted the new international domain Gate.com and unveiled a redesigned brand logo, marking a significant milestone in the platform’s evolution. This strategic move aims to unify brand identity, strengthen global presence, and enhance user trust, heralding a new chapter in Gate’s development. The upgrade follows Gate’s 12th anniversary celebrations and aligns closely with the platform’s newly articulated vision, unveiled at its global event in Dubai, to become the “next-generation crypto exchange”. It signifies a transformative leap from industry leadership to innovation leadership, and from technical excellence to global strategic expansion.

    Previously, Gate also adopted a new Chinese name “Damen” ( 大门, meaning “The Gate”), symbolizing an open gateway to the future of crypto for users worldwide. The unified refresh of domain and logo reflects the platform’s commitment to inclusivity and signals the beginning of a new chapter in building a trusted, globally connected crypto ecosystem.

    Brand Refresh: From Visual Upgrade to Strategic Evolution

    As a pioneer in the crypto industry, Gate has focused on building a secure, compliant, and innovative digital asset trading ecosystem since its founding in 2013. Today, the platform serves over 23 million users worldwide, supports trading in over 3,800 cryptocurrencies across spot, futures, leverage, and financial products, ranking Top 3 globally by comprehensive strength. It was also among the first exchanges to implement zero-knowledge proof (ZKP) technology to verify reserve transparency, ensuring 100% verifiability of platform assets. According to its latest proof-of-reserves report, Gate’s total reserves exceed $10.865 billion, with a reserve ratio of 128.57%.

    This brand overhaul not only elevates Gate’s visual identity but also marks a critical step in its global outreach strategy. The new domain Gate.com is concise, highly recognizable, and globally intuitive, enhancing user perception of the platform’s professionalism and credibility. The newly designed logo adopts a modern, minimalist aesthetic that encapsulates Gate’s core principles of “trust as the foundation”, “technological innovation”, and “continuous evolution”, representing a comprehensive upgrade in technology, ecosystem, and compliance.

    In addition, Gate Group’s global platform Gate, along with all its locally licensed entities, Gate Japan, Gate Dubai, and Gate Europe, will adopt the unified brand name “Gate”. The brand upgrade presents a cohesive global identity and further strengthens Gate’s professional image and international influence as a leading global exchange.

    Strategic Leap: Building the “Next-Generation Crypto Exchange”

    Beneath the surface of this brand transformation lies a bolder strategic ambition. On April 30, at Gate’s 12th Anniversary Global Celebration in Dubai, Founder and CEO Dr. Han introduced the vision to build the “next-generation crypto exchange”. This strategy emphasizes transformative growth across three core pillars:

    • Technology-Driven Innovation: Continuously upgrading the trading experience through iterative product development and breakthroughs in underlying technologies.
    • Global Compliance: Establishing a robust global compliance network backed by licenses and regulatory approvals in multiple jurisdictions, strengthening industry credibility.
    • Ecosystem Integration: Expanding from trading to encompass Web3, infrastructure, and investment services, building a closed-loop digital economy.

    Gate’s mission is to continuously enhance its offerings with a professional, secure, and open approach, aiming to become a foundational infrastructure for the global digital economy and to provide future-ready, trustworthy digital asset services to users worldwide.

    Global Compliance Footprint: Expanding with Purpose

    Gate Group places strong emphasis on a “compliance-first” strategy, steadily advancing its global regulatory presence. In recent years, its various entities have obtained or completed regulatory registrations, licences, authorizations, or approvals across various jurisdictions, such as Lithuania, Argentina, Malta, Italy, Bahamas, Gibraltar, and Hong Kong.

    In 2024, Gate Group’s entity completed the acquisition of Japan-licensed exchange Coin Master, further consolidating its compliance footprint in the Asia-Pacific region. Most recently, Gate Technology FZE (“Gate Dubai”), an entity of Gate Group, recently received a full operational license from Virtual Asset Regulatory Authority (VARA) in Dubai. The license authorizes Gate Dubai to offer crypto asset trading services to institutional investors, qualified investors, and retail users, marking a major milestone in its expansion into the MENA region and global markets. It is a testament to its long-standing commitment to security, transparency, and user protection.

    With parallel advancements in technology innovation, user experience, ecosystem expansion, and global compliance, Gate is evolving from a top-tier trading platform into a trusted global digital finance ecosystem. The launch of the Gate.com domain and refreshed logo represents more than a brand update—it is a declaration of Gate’s long-term commitment and vision for the global user community. Looking ahead, Gate remains firmly committed to its development principles of user-first, technological innovation, and global compliance, and will continue to work alongside users, developers, and partners worldwide to shape a safe, open, and sustainable crypto future.

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Disclaimer:
    The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/legal/user-agreement.

    Disclaimer : This is a paid post and is provided by Gate. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3cbdb202-bb7b-4591-9a4b-38ccd1e83c12

    The MIL Network –

  • MIL-OSI United Kingdom: Major Investment in North Wales delivers 140 new jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    Major Investment in North Wales delivers 140 new jobs

    Around 140 jobs will be created in North Wales after Knauf Insulation unveiled plans to invest £170 million in a state-of-the-art manufacturing facility.

    Welsh Secretary Jo Stevens, Cabinet Secretary for Transport and North Wales Ken Skates and Knauf Insulation

    • International manufacturer Knauf Insulation to invest £170m in a new facility in Shotton creating 140 new jobs
    • UK and Welsh Governments welcome the investment into new manufacturing facility
    • Announcement comes as UK and EU hold a summit to discuss future opportunities to boost economic growth

    Around 140 jobs will be created in North Wales after Knauf Insulation unveiled plans to invest £170 million in a state-of-the-art manufacturing facility in Shotton.

    The landmark development will produce more than 100,000 tonnes of non-combustible rock mineral wool insulation per year and create approximately 140 direct jobs, with more in local supply chains.

    The announcement coincides with the UK-EU Summit taking place today (Monday 19 May) underscoring the UK Government’s commitment to fostering economic growth through its Plan for Change and attracting inward investment to strengthen the economy. 

    Secretary of State for Wales Jo Stevens said:

    This £170 million investment by Knauf Insulation is fantastic news for North Wales and our UK Government mission to drive economic growth.

    This is a vote of confidence in the Welsh economy and our government’s plan to make Britain the destination of choice for investment in industry.

    Cabinet Secretary for Transport and North Wales Ken Skates said:

    This is great news for North Wales. The plans will be a major investment in the area and are a testament to the skills and facilities we have here.

    This positive announcement is the start of the journey and we will continue to provide support as the work to deliver the project gets underway.

    Minister for Investment Baroness Gustafsson CBE said:

    The UK is open for business, and this is yet another vote of confidence in North Wales and its thriving advanced manufacturing sector which will boost jobs and prosperity across the region.

    Our modern Industrial Strategy, which will prioritise advanced manufacturing as one of eight key UK sectors, will help us go further by attracting even more investment, creating new opportunity across the country and making our Plan for Change a reality.

    Neil Hargreaves, Managing Director of Knauf Insulation Northern Europe said:

    Knauf Group has a proud history of manufacturing in Wales and this project aligns with the Welsh and UK Government’s commitment to sustainability and the industrial vision for North Wales and Deeside. 

    Using UK-First Submerged Arc Furnace technology, the new factory will produce non-combustible, low embodied carbon, recyclable rock mineral wool insulation to support the need for safer, more energy efficient and sustainable buildings.

    Joint efforts by the UK Government, Welsh Government, and local leadership have paved the way for Knauf Insulation’s confidence in Wales as a destination for transformative projects.

    The UK and Welsh Government-backed North Wales Growth Deal and the Flintshire and Wrexham Investment Zone collectively support the decision by Knauf Insulation to locate a second plant in the area.

    As leaders in the production of sustainable building materials, Knauf Insulation’s expansion further supports the growing advanced manufacturing cluster in North Wales.

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Republic of Iceland launches cash tender offer

    Source: GlobeNewswire (MIL-OSI)

    19 May 2025. The Republic of Iceland (the “Offeror”) announces today an invitation (such invitation, the “Offer“) to holders of its €500,000,000 0.625 per cent. Notes due 3 June 2026 (ISIN: XS2015295814) (of which €500,000,000 in aggregate nominal amount is outstanding as at the date hereof) (the “Notes“) to tender their Notes for purchase by the Offeror for cash.

    The Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 19 May 2025 (the “Tender Offer Memorandum“) prepared by the Offeror in connection with the Offer, and is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum.  Noteholders are advised to read carefully the Tender Offer Memorandum for full details of, and information on the procedures for participating in, the Offer.

    Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender Agent as set out below.  Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.

    A summary of certain terms of the Offer appears below:

    Description
    of the Notes    		 ISIN /
    Common Code    		 Outstanding
    nominal amount    		 Reference Rate Fixed Spread Amount Amount subject
    to the Offer
    €500,000,000 0.625 per cent. Notes due 3 June 2026 XS2182399274/ 218239927 €500,000,000 1 Year Euro Mid-Swap Rate -15 basis points Any and all

    Rationale for the Offer

    The Offeror intends to issue the New Notes. Part of the proceeds from the New Notes will be used for purchasing the Notes. The rationale of the Offer is thus to proactively manage upcoming debt repayments and to extend the average debt maturity profile of the Offeror.

    Purchase Price and Accrued Interest

    The Offeror will pay for any Notes validly tendered and accepted for purchase by the Offeror pursuant to the Offer a purchase price to be determined in the manner described in the Tender Offer Memorandum by reference to a yield which is equal to the sum of the fixed spread of -15 basis points (the “Fixed Spread Amount“) and the 1 Year Euro Mid-Swap Rate at or around the Pricing Time, expressed as a percentage and rounded to the third decimal place (with 0.0005 being rounded upwards) (the “Purchase Price“).  Specifically, the Purchase Price will equal (a) the value of all remaining payment of principal and interest on the Notes, up to and including the scheduled maturity date of the Notes, discounted to the Tender Offer Settlement Date at a discount rate equal to the yield, minus (b) the Accrued Interest.

    The Offeror will also pay, on the Tender Offer Settlement Date, Accrued Interest in respect of any Notes accepted for purchase pursuant to the Offer.

    New Financing Condition

    On 19 May 2025, the Offeror announced that it intends to issue euro-denominated fixed-rate notes (the “New Notes“) under its U.S.$5,000,000,000 Euro Medium Term Note Programme (the “Programme“). 

    The Offeror is not under any obligation to accept for purchase any Notes tendered pursuant to the Offer.  The acceptance for purchase by the Offeror of Notes tendered pursuant to the Offer is at the sole discretion of the Offeror and tenders may be rejected by the Offeror for any reason.  The purchase of any Notes by the Offeror pursuant to the Offer is also subject, without limitation, to (i) the pricing of the issue of the New Notes, (ii) the signing by the Offeror and the relevant managers of a subscription agreement in respect of the subscription for the New Notes and (iii) such subscription agreement remaining in full force and effect as at the Tender Offer Settlement Date (the “New Financing Condition“). 

    The Offeror reserves the right at any time to waive any or all of the conditions of the Offer (including the New Financing Condition) as set out in the Tender Offer Memorandum.

    Priority in Allocation of New Notes

    A Noteholder that wishes to subscribe for New Notes in addition to tendering Notes for purchase pursuant to the Offer will receive priority (the “New Notes Priority“) in the allocation of the New Notes, subject to the completion of the Offer, the issue of the New Notes and such Noteholder making a separate application for the purchase of such New Notes to one of the Dealer Managers (in its capacity as a Joint Lead Manager (as defined herein) of the issue of the New Notes) in accordance with the standard new issue procedures of such Joint Lead Manager. 

    A key factor in the allocation of the New Notes will be whether Noteholders have indicated they have validly tendered or indicated their firm intention to the Offeror or the Dealer Managers to tender their Notes. When considering allocation of the New Notes, the Offeror intends to give preference to those Noteholders who, prior to such allocation, have validly tendered or indicated their firm intention to the Offeror or any of the Dealer Managers to tender the Notes and subscribe for New Notes. However, the Offeror is not obliged to allocate the New Notes to a Noteholder who has validly tendered or indicated a firm intention to tender the Notes pursuant to the Offer and any amount allocated may be more, equal to, or less than the aggregate principal amount of Notes validly tendered or in respect of which a firm intention to tender has been indicated by such Noteholder. Any allocation of the New Notes, while being considered by the Offeror as set out above, will be made in accordance with customary new issue allocation processes and procedures.

    The aggregate principal amount of New Notes, if any, for which priority will be given to any Noteholder will be subject to the sole and absolute discretion of the Offeror and may be less than, equal to or greater than the aggregate principal amount of Notes validly tendered by such Noteholder in the Offer and accepted for purchase by the Offeror.

    Noteholders should note that the pricing and allocation of the New Notes are expected to take place prior to the Expiration Deadline for the Offer and any Noteholder that wishes to subscribe for New Notes in addition to tendering existing Notes for purchase pursuant to the Offer should therefore provide, as soon as practicable, to any Dealer Manager any indications of a firm intention to tender Notes for purchase pursuant to the Offer and the quantum of Notes that it intends to tender in order for this to be taken into account as part of the New Notes allocation process.

    If any Noteholder wishes to subscribe for New Notes in addition to its New Notes Priority it must make a separate application to subscribe for such additional New Notes to a Joint Lead Manager in accordance with the standard new issue procedures of such Joint Lead Manager.

    To contact the Dealer Managers, Noteholders should use the contact details on the last page of the Tender Offer Memorandum. 

    Any investment decision to purchase any New Notes should be made solely on the basis of the information contained in the information memorandum (to be dated on or around the date hereof) prepared in connection with the Programme (the “Programme Information Memorandum“) and the pricing supplement to be prepared in connection with the issue and the listing of the New Notes, and no reliance is to be placed on any representations other than those contained in the Programme Information Memorandum.  Subject to compliance with all applicable securities laws and regulations, the Programme Information Memorandum is available from the Dealer Managers on request.

    The New Notes are not being, and will not be, offered or sold in the United States. Nothing in the Tender Offer Memorandum constitutes an offer to sell or the solicitation of an offer to buy the New Notes in the United States or any other jurisdiction. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of the Securities Act. The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act).

    The target market for the New Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II“) and the New Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of MiFID II; (ii) a customer within the meaning of Directive 2002/92/EC (as amended or superseded), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended or superseded)

    No action has been or will be taken in any jurisdiction in relation to the New Notes to permit a public offering of securities.

    Acceptance and no scaling

    If the Offeror decides to accept valid tenders of Notes pursuant to the Offer, the Offeror will (subject to satisfaction (or waiver) of the New Financing Condition on or prior to the Tender Offer Settlement Date) accept for purchase all of the Notes that are validly tendered in full, with no pro rata scaling.

    Tender Instruction

    In order to participate in the Offer, Noteholders must validly tender their Notes for purchase by delivering, or arranging to have delivered on their behalf, a valid Tender Instruction that is received by the Tender Agent by 5.00 p.m. (CEST) on 23 May 2025 (the “Expiration Deadline“).

    Tender Instructions will be irrevocable except in the limited circumstances described in the Tender Offer Memorandum.

    Tender Instructions must be submitted in respect of a minimum nominal amount of no less than €100,000, being the minimum denomination of the Notes, and may be submitted in integral multiples of €1,000 thereafter. In addition, the New Notes Priority requested must be for an amount which is at least €100,000 in aggregate nominal amount of the New Notes for the relevant Noteholder to be eligible to receive priority in the allocation of the New Notes.

    Tender Instructions which relate to a nominal amount of Notes of less than €100,000 will be rejected.

    Indicative Timetable for the Offer

    Events   Times and Dates
    Commencement of the Offer   Monday, 19 May 2025
    Expiration Deadline   5.00 p.m. (CEST) on Friday, 23 May 2025
    Determination of the 1 Year Euro Mid-Swap Rate   Expected to be on or around 11.00 a.m. (CEST) (the “Pricing Time“) on Tuesday, 27 May 2025
    Announcement of Results and Pricing   As soon as reasonably practicable following the Pricing Time on Tuesday, 27 May 2025
    Tender Offer Settlement Date   Expected to be Wednesday, 28 May 2025

    The Offeror may, in its sole discretion, extend, re-open, amend, waive any condition of or terminate the Offer at any time (subject to applicable law and as provided in the Tender Offer Memorandum) and the above times and dates are subject to the right of the Offeror to extend, re-open, amend, waive any condition of and/or terminate the Offer.

    Noteholders are advised to check with any bank, broker or other intermediary through which they hold Notes by when such intermediary would need to receive instructions from a Noteholder in order for that Noteholder to be able to participate in, or (in the limited circumstances in which revocation is permitted) revoke their instruction to participate in, the Offer by the deadlines set out above.  The deadlines set by any such intermediary and each Clearing System for the submission and withdrawal of Tender Instructions will be earlier than the relevant deadlines above.

    Unless stated otherwise, announcements in connection with the Offer will be made (i) by publication through RNS and (ii) by the delivery of notices to the Clearing Systems for communication to Direct Participants.  Such announcements may also be made on the relevant Reuters Insider Screen and/or by the issue of a press release to a Notifying News Service. Copies of all such announcements, press releases and notices can also be obtained upon request from the Tender Agent, the contact details for which are set out below.  Significant delays may be experienced where notices are delivered to the Clearing Systems and Noteholders are urged to contact the Tender Agent for the relevant announcements during the course of the Offer.  In addition, Noteholders may contact the Dealer Managers for information using the contact details set out below.

    Noteholders are advised to read carefully the Tender Offer Memorandum for full details of, and information on the procedures for, participating in the Offer.

    Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG and J.P. Morgan SE are acting as Dealer Managers for the Offer and Citibank, N.A., London Branch is acting as Tender Agent.

    Questions and requests for assistance in connection with the Offer may be directed to the Dealer Managers.

    THE DEALER MANAGERS

    Barclays Bank Ireland PLC
     One Molesworth Street
    Dublin 2
    D02 RF29
    Ireland

    Attention: Liability Management Group
    Email: eu.lm@barclays.com

    		 Citigroup Global Markets Europe AG
     Börsenplatz 9
    60313 Frankfurt am Main
    Germany

    Attention: Liability Management Group
    Telephone: +44 20 7986 8969
    Email: liabilitymanagement.europe@citi.com
    J.P. Morgan SE
     Taunustor 1 (TaunusTurm)
    60310 Frankfurt am Main
    Germany

    Telephone: +44 20 7134 2468
    Attention: EMEA Liability Management Group
    Email: liability_management_emea@jpmorgan.com

    Questions and requests for assistance in connection with the delivery of Tender Instructions may be directed to the Tender Agent.

    THE TENDER AGENT

    Citibank, N.A., London Branch

    Citigroup Centre
    Canada Square
    Canary Wharf
    London E14 5LB
    United Kingdom

    Telephone: +44 20 7508 3867
    Attention: Exchange Team
    Email: citiexchanges@citi.com

    DISCLAIMER

    This announcement must be read in conjunction with the Tender Offer Memorandum.  This announcement and the Tender Offer Memorandum contain important information which should be read carefully before any decision is made with respect to the Offer.  If any Noteholder is in any doubt as to the action it should take, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its broker, bank manager, solicitor, accountant or other independent financial adviser.  Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to tender such Notes for purchase pursuant to the Offer.  Each of the Dealer Managers is acting exclusively for the Offeror and no one else in connection with the arrangements described in this announcement and the Tender Offer Memorandum and will not be responsible to anyone other than the Offeror for providing the protections afforded to customers of the Dealer Managers or for advising any other person in connection with the Offer.  None of the Offeror, the Dealer Managers and the Tender Agent, nor any of their respective directors, employees or affiliates, makes any recommendation as to whether Noteholders should tender Notes for purchase pursuant to the Offer.

    OFFER AND DISTRIBUTION RESTRICTIONS

    Italy

    None of the Offer, this announcement, the Tender Offer Memorandum or any other document or materials relating to the Offer have been submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa (“CONSOB“) pursuant to Italian laws and regulations.  The Offer is being carried out in Italy as exempted Offer pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of 24 February 1998, as amended (the “Financial Services Act“) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of 14 May 1999, as amended.  Accordingly, Noteholders or beneficial owners of the Notes that are located in Italy can tender Notes for purchase pursuant to the Offer through authorised persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February 2018, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.

    Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes or the Offer.

    United Kingdom

    The communication of this announcement, the Tender Offer Memorandum and any other documents or materials relating to the Offer is not being made and such documents and/or materials have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000.  Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom.  The communication of such documents and/or materials may be exempt from the restriction on financial promotion under section 21 of the FSMA pursuant to Article 34 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“Financial Promotion Order“) or on the basis that any such communication is only directed at and may only be communicated to persons to whom these documents and/or materials may lawfully be communicated in accordance with the Financial Promotion Order.

    France

    This announcement, the Tender Offer Memorandum and any other offering material relating to the Offer may be distributed in France only to qualified investors (investisseurs qualifiés) as defined in Article 2(e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation“). Neither this announcement, the Tender Offer Memorandum, nor any other such offering material has not been and will not be submitted for clearance to, nor approved by the Autorité des Marchés Financiers.

    General

    Nothing in this announcement or the Tender Offer Memorandum or the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Notes (and tenders of Notes for purchase pursuant to the Offer will not be accepted from any Noteholder) in any circumstances in which such offer or solicitation is unlawful.  In any jurisdiction where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer and either of the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in such jurisdiction, the Offer shall be deemed to be made by such Dealer Manager or affiliate, as the case may be, on behalf of the Offeror in such jurisdiction.

    Each holder of Notes participating in the Offer will be deemed to give certain representations in respect of the jurisdictions referred to above and generally as set out in the Tender Offer Memorandum. Any tender of Notes for purchase pursuant to the Offer from a Noteholder that is unable to make these representations will not be accepted. Each of the Offeror, the Dealer Managers and the Tender Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of Notes for purchase pursuant to the Offer, whether any such representation given by a Noteholder is correct and, if such investigation is undertaken and as a result the Offeror determines (for any reason) that such representation is not correct, such tender may be rejected.

    Attachment

    The MIL Network –

  • MIL-OSI: Form 8.5 (EPT/RI)-Craneware plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Name of exempt principal trader: Investec Bank plc
    (b)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Craneware plc
    (c)        Name of the party to the offer with which exempt principal trader is connected: Investec is Joint Broker to Craneware plc
    (d)        Date dealing undertaken: 16th May 2025
    (e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received

    Ordinary shares

    Sales

    		 2,872 2,316 2,250

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    N/A N/A N/A N/A N/A

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    N/A N/A N/A N/A N/A N/A N/A N/A

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
    N/A N/A N/A N/A N/A

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    N/A N/A N/A N/A

    3.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None
    Date of disclosure: 19thMay 2025
    Contact name: Priyali Bhattacharjee
    Telephone number: +91 9768034903

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: UP Fintech Holding Limited to Report First Quarter 2025 Financial Results on May 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 30, 2025.

    UP Fintech’s management will hold an earnings conference call at 8:00 AM on May 30, 2025, U.S. Eastern Time (8:00 PM on May 30, 2025, Singapore/Hong Kong Time).

    Conference Call Information:

    All participants wishing to attend the call must preregister online before they may receive the dial-in numbers. Preregistration may require a few minutes to complete.

    Preregistration Information:

    Please note that all participants will need to pre-register for the conference call, using the link: 

    https://register-conf.media-server.com/register/BId8a2d4cd09e14653b3533b8d3745dfa0

    It will automatically lead to the registration page of ” UP Fintech Holding Limited First Quarter 2025 Earnings Conference Call “, where details for RSVP are needed.

    Upon registering, all participants will be provided with confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit: https://ir.itigerup.com.

    Investor Relations Contact

    UP Fintech Holding Limited
    Email: ir@itiger.com

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 20

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 25 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    19 May 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 20

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 20:
     
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 5,772,575 224.3381 1,295,008,747
    12 May 2025 50,000 248.0847 12,404,235
    13 May 2025 50,000 248.1306 12,406,530
    14 May 2025 50,000 247.8660 12,393,300
    15 May 2025 50,000 251.1794 12,558,970
    16 May 2025 49,390 251.6010 12,426,573
    Total accumulated over week 20 249,390 249.3669 62,189,608
    Total accumulated during the share buyback programme 6,021,965 225.3747 1,357,198,355

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.721% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network –

  • MIL-OSI United Nations: 19 May 2025 Departmental update World No Tobacco Day 2025 Awards – meet the winners

    Source: World Health Organisation

    Each year, WHO honours individuals and organizations from each of the six WHO regions for their outstanding contributions to tobacco control. These accolades include the WHO Director-General’s Special Recognition Awards, the World No Tobacco Day Awards, and, in 2025, one WHO Director-General’s Special Recognition Certificate.

    The recipients of the 2025 awards are:

    WHO Director-General Special awards:

    • Dr Mohamed Muizzu, President, Republic of Maldives
    • The Ministry of Health and Wellness, Republic of Mauritius

    WHO Director-General’s Special Recognition certificate:

    • Global Center for Good Governance in Tobacco Control (GGTC)

    African Region

    • Programme National de Lutte contre le Tabagisme, l’Alcoolisme, la Toxicomanie et les autres Addictions (PNLTA), Republic of Côte d’Ivoire
    • Dr Brou Dieudonne Koffi, Secretary, Organization of the Network of NGOs Engaged in Tobacco Control (ROCTACI), Republic of Côte d’Ivoire
    • Labram Massawudu Musah, Vision for Accelerated Sustainable Development, Republic of Ghana
    • Elvina Majiwa, Student, United States International University-Africa, Republic of Kenya
    • Charity Aienobe-Asekharen, Health Promotion, Education and Community Development Initiative (HPECDI), Federal Republic of Nigeria

    Region of the Americas

    • Agência Nacional de Vigilância Sanitária (ANVISA), Federative Republic of Brazil
    • Lisa Lu, CEO, International Youth Tobacco Control, United States of America

    Shared award:

    • Ministry of Finance, Federative Republic of Brazil
    • Ministry of Health, Federative Republic of Brazil

    Shared award:

    • Denis Choinière, Retired Director, Tobacco Products Regulatory Office, Health Canada
    • Clifton Curtis (in memoriam), Environmental Lawyer, United States of America

    Shared award:

    • Colectivo Todas y Todos por la Vida, Republic of Ecuador
    • Acción Jurídica Popular, Republic of Ecuador

    Shared award:

    • Asociación de Periodismo con Lupa, Republic of Peru
    • Cooperativa de Trabajo Sudestada, Eastern Republic of Uruguay
    • Proyecto sobre Organización, Desarrollo, Educación e Investigación (PODER), United Mexican States

    Eastern Mediterranean Region

    • Dr Seyed Morteza Khatami, Deputy for Legal and Parliamentary Affairs, Ministry of Health and Medical Education, Islamic Republic of Iran
    • Mr Lhassane Hallou, Director of Studies and International Cooperation, Administration of Customs and Indirect Taxes, Kingdom of Morocco
    • Hamad Medical Corporation Tobacco Control Centre, WHO Collaborating Centre, State of Qatar

    European Region

    • Dr Lena Nanushyan, First Deputy Minister of Health, Republic of Armenia
    • Dr Franz Pietsch, Head of Directorate, Federal Ministry of Social Affairs, Health, Care and Consumer Protection, Republic of Austria
    • Mr Frank Vandenbroucke, Deputy Prime Minister, Minister of Social Affairs and Public Health, Kingdom of Belgium
    • Professor Constantine Vardavas, National and Kapodistrian University of Athens, Greece
    • Dr Shukhrat Shukurov, Chief Specialist, Institute of Health and Strategic Development, Republic of Uzbekistan

    South-East Asia Region

    • National Board of Revenue, People’s Republic of Bangladesh
    •  State Tobacco Control Cell, Department of Health and Family Welfare, Government of Karnataka, Republic of India
    •  Ministry of Health and Population, Nepal
    •  Mr Chadchart Sittipunt, Governor of Bangkok, Chairman of Bangkok Tobacco Products Control Committee, Kingdom of Thailand

    Western Pacific Region

    • Professor Emily Banks AM, Professor of Epidemiology and Public Health, Senior Principal Research Fellow, National Centre for Epidemiology and Population Health, Australian National University, Australia
    • Te Marae Ora, Ministry of Health, Cook Islands
    • Philippine College of Chest Physicians, Republic of the Philippines
    • Ms Dao Hong Lan, Minister of Health, Socialist Republic of Viet Nam

    Shared award:

    • YB Datuk Seri Dr Haji Dzulkefly bin Ahmad, Minister of Health, Malaysia
    • Dr Noraryana Binti Hassan, Disease Control Division, Ministry of Health, Malaysia
    • Dr Murallitharan Munisamy, Malaysian Council for Tobacco Control, Malaysia

    MIL OSI United Nations News –

  • MIL-OSI: Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 19, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a live feature boosting real-time interaction between content creators and their audiences. With this feature, content creators, influencers, and professional traders can go live, including seamless screen sharing, audio streaming, and co-hosting capabilities, allowing creators to engage directly with their community. Additionally, the platform integrates token recommendation features, enabling viewers to explore and trade crypto effortlessly during live sessions.

    This feature is at par with Bitget’s strategy of providing creators with a range of tools that facilitate exclusive content delivery and audience engagement. With the launch of in-built features such as real-time chat, scheduling options, and replay availability, the platform ensures that content remains accessible and interactive beyond the live broadcast.

    “Crypto is an extremely fast-paced financial ecosystem, where growth and loss happen in minutes and seconds. Live feature creates a gig economy for content creators to provide an interactive experience for our users, while at the same time reaping the benefits of copy-trading, enabling them to have an alternative passive source of income through their community. Our goal here is to provide contributors and users of our community with products that resonate with their trading requirements,” said Gracy Chen, CEO at Bitget.

    The LIVE feature presents monetization opportunities for creators. Through referral mechanisms and token promotions during live sessions, creators can generate revenue while expanding their reach. Bitget plans to support creators with promotional activities, including traffic support policies and themed live events, to maximize visibility and audience engagement.

    With the Bitget Live feature, users can access an immersive streaming experience, architectured to elevate the quality and immediacy of crypto-focused content. Audiences can join sessions led by creators offering deep dives into market trends, trading insights, and project analysis. With features such as real-time voice engagement, screen projection, and multi-speaker hosting, the platform enables creators to deliver interactive broadcasts. The live feature also allows users to schedule streams in advance, access past replays, and engage with listed tokens mid-session through instant trading prompts—all within a dedicated chat-enabled space that encourages continuous dialogue and community growth.

    Bitget Live adds to a growing suite of creator-focused tools, including the industry-first on-chain affiliate program offering up to 40% rebates. Paired with initiatives like Strategy Plaza and Insights, Bitget continues to build a creator-first ecosystem where monetization, engagement, and user experience are seamlessly integrated.

    To start going Live on Bitget, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features, including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to allocate only funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5316ea7a-6970-4a94-aee0-36b456cf27c6

    The MIL Network –

  • MIL-OSI: 28/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 28 / 2025
    Schindellegi, Switzerland – 19 May 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date      Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning    82,174 86.29 7,090,659
    12 May 2025 1,400 92.38 129,332
    13 May 2025 1,300 92.78 120,614
    14 May 2025 1,300 92.19 119,847
    15 May 2025 1,400 92.00 128,800
    16 May 2025 1,300 92.40 120,120
    Accumulated 88,874 86.74 7,709,372

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 88,874 at a total amount of DKK 7,709,372.
    On 25 March and on 25 April 2025, 2,929 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 322,331 treasury shares, corresponding to 1.6%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,422,568.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.

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    The MIL Network –

  • MIL-OSI Economics: CBB Governor Participates in Shura Council Forum on Inclusive and Sustainable Economic Development

    Source: Central Bank of Bahrain

    CBB Governor Participates in Shura Council Forum on Inclusive and Sustainable Economic Development

    Published on 18 May 2025

    Manama, Bahrain – 18 May 2025: HE Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), took part in the ‘Towards Inclusive and Sustainable Economic Development’ Forum hosted by the Shura Council. The event was attended by HE Ali bin Saleh Al Saleh, Chairman of the Shura Council, and HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, alongside various ministers and industry professionals from the public and private sectors.

    HE the Governor shared his insights in a panel discussion on national development efforts carried out under the Kingdom’s Economic Vision 2030, including the Economic Recovery Plan and strategies to strengthen growth in priority sectors. Through his participation, HE highlighted the CBB’s role in driving economic development and achieving sustainable economic growth.

    During the session, HE Khalid Humaidan underscored the financial sector’s 17% contribution to the GDP, making it a prime sector for foreign direct investments, in addition to delivering the highest salary rates for around 14,800 employees. HE stated that establishing an innovative, local regulatory environment requires greater investment in digital transformation, human capital growth, and skills development. He also noted the importance of developing regulatory systems that achieve a balance between stability and innovation.

    HE discussed the CBB’s efforts to support the digitalization of the financial system by developing dedicated supervisory systems and enhancing payment and settlement efficiencies. In addition to adopting the highest governance, compliance and consumer protection standards thereby building trust between all parties. He emphasized the importance of attracting investors to facilitate digital transformation, while creating a supportive technical infrastructure to elevate the quality of financial services in Bahrain.

    This participation reflects the CBB’s strategic directive to engage in ongoing dialogue on issues relating to economic and financial sector growth.

    Share this

    MIL OSI Economics –

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 2)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025. 

     

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 16.05.2025. 

     

    Period covered by this periodic report – 12.05.2025 – 16.05.2025. 

     

    Other information: 

    Transaction overview 

    Date 

    Total number of shares purchased on the day ( units) 

    Weighted average price (EUR) 

    Total value of transactions (EUR) 

    2025.05.12

    100,000

    0.876

    87,644.77

    2025.05.13

    100,000

    0.881

    88,135.01

    2025.05.14

    100,000

    0.882

    88,200.00

    2025.05.15

    100,000

    0.879

    87,900.00

    2025.05.16

    100,000

    0.88

    87,958.34

    Total acquired during the current week 

    500,000

    0.88

    439,838.12

    Total acquired during the programme period 

    1,000,000

    0.883

    882,838.12

     

     

     

     

     

    The Bank’s own bought-back shares: 11,097,749  units.  

     

    Following the above transactions, the Bank will own a total of 11,597,749 units of own shares representing 1.75 % of the Bank’s issued shares. 

     

    Further detailed information on the transactions is attached. 

     

    This information is also available at: www.artea.lt   

     

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt, +370 610 44447

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    The MIL Network –

  • Indian stock market opens flat amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    Indian benchmark indices opened flat on Monday amid mixed global cues, as selling was seen in the IT sector in the early trade.

    At around 9.32 am, Sensex was trading 3.88 points or 0.00 per cent up at 82,326.71 while the Nifty climbed 14.70 point or 0.06 per cent at 25,034.50.

    Nifty Bank was up 134.25 points or 0.24 per cent at 55,489.15. The Nifty Midcap 100 index was trading at 57,203.80 after rising 143.30 points or 0.25 per cent. Nifty Smallcap 100 index was at 17,701.75 after climbing 141.35 points or 0.80 per cent.

    According to analysts, “they now have only the October 2024 peak ahead at 25,235, which is in close vicinity, before 26,277, the lofty peak of September stares at us. This warns us to be guarded against sudden withdrawal in risk appetite and buying interest as we push ahead”.

    “With this in the backdrop we will begin the week expecting continuation of an uptrend, with an intraday downside marker at 24,950. However, brace for declines, should the upswings there of fail to clear 25,235 or if there is an outright breakdown past 24,870/807 region,” said Anand James, Chief Market Strategist of Geojit Investments Limited.

    The prime mover of the ongoing rally in the Indian market is the sustained FII inflows of around Rs 23,800 crore so far this month.

    “Of course, the decline in global trade tensions, the rally in global markets led by the US and the India-Pak ceasefire have created the setting for this rally,” said experts.

    Meanwhile, in the Sensex pack, Infosys, TCS, IndusInd Bank, HCL Tech, Tech Mahindra, M&M, Eternal, Reliance and L&T were the top losers. Whereas, NTPC, Bajaj Finance, Tata Motors, Sun Pharma, Bajaj Finserv, PowerGrid, SBI and HDFC Bank were the top gainers.

    In the Asian markets, China, Hong Kong, Japan, Bangkok and Seoul were trading in red, whereas, only Jakarta was trading in green.

    In the last trading session on Friday, Dow Jones in the US closed at 42,654.74, up 331.99 points, or 0.78 per cent. The S&P 500 ended with a gain of 41.45 points, or 0.70 per cent, at 5,958.38 and the Nasdaq closed at 19,211.10, up 98.78 points, or 0.52 per cent.

    On the institutional front, foreign institutional investors (FIIs) were net buyers of equities worth Rs 8,831.05 crore on May 16, while domestic institutional investors (DIIs) purchased equities worth Rs 5,187.09 crore.

    (IANS)

  • MIL-OSI China: China’s fixed-asset investment up 4% in Jan-April

    Source: People’s Republic of China – State Council News

    China’s fixed-asset investment went up 4 percent year on year in the first four months of 2025, official data showed Monday.

    Excluding the property sector, the country’s fixed-asset investment grew 8 percent year on year during this period, according to the National Bureau of Statistics (NBS).

    Infrastructure investment rose 5.8 percent year on year, while manufacturing investment increased 8.8 percent.

    By industry, investment in the primary industry grew 13.2 percent year on year, while secondary industry investment rose 11.7 percent. The tertiary industry saw investment decrease by 0.2 percent.

    In the high-tech sector, investment in information services surged 40.6 percent, while computer and office equipment manufacturing investment increased 28.9 percent. Investment in aviation, spacecraft and equipment manufacturing grew 23.9 percent, and professional technical services investment rose 17.6 percent.

    Monday’s data also showed that China’s value-added industrial output expanded 6.1 percent year on year in April, while the retail sales of consumer goods, a major indicator of the country’s consumption strength, grew 5.1 percent year on year. The surveyed urban unemployment rate on average in China dropped to 5.1 percent in April.

    In April, the impact of external shocks increased, but with coordinated macro policy efforts, the main economic indicators maintained steady and relatively fast growth, and the Chinese economy continued its upward trend, said the NBS.

    MIL OSI China News –

  • MIL-OSI: BNP PARIBAS LAUNCHES A SHARE BUYBACK PROGRAMME PLANNED FOR 2025 OF EUR 1.084 BILLION

    Source: GlobeNewswire (MIL-OSI)

      

    BNP PARIBAS LAUNCHES
    A SHARE BUYBACK PROGRAMME PLANNED FOR 2025
    OF EUR 1.084 BILLION

    PRESS RELEASE

    Paris, 19 May 2025

    BNP Paribas announces today the launch of the share buyback programme planned for 2025 for a maximum amount of EUR 1.084 billion.

    BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted with an irrevocable instruction to purchase the shares.

    The purchase period will start on May 19th, 2025 and will end no later than June 20th, 2025. The shares purchased under the programme will be cancelled.

    BNP Paribas will provide weekly updates on the progress of the programme via a press release on BNP Paribas’ website, and via full and effective dissemination in accordance with the applicable regulatory provisions:

    https://invest.bnpparibas/en/search/reports/documents/regulated-information.

    The share buyback programme will be carried out in accordance with the provisions set out in the EU Regulation n°596/2014 of the European Parliament and of the Council of April 16th, 2014 on market abuse, as modified, and its implementing provisions, and within the limits of the authorisation granted to BNP Paribas to purchase shares on the market pursuant to the 5th resolution adopted by the General Meeting of BNP Paribas on May 13th, 2025.

    The description of the share buyback programme is available in appendix and on BNP Paribas’s website: https://invest.bnpparibas/en/search/reports/documents/regulated-information.

    APPENDIX: DESCRIPTION OF THE SHARE BUYBACK PROGRAMME

    The present description complies with the provisions of article 241-2, I of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers).

    Date of the general meeting which approved the resolution concerning the share buyback programme
    May 13th, 2025

    Objectives pursued by BNP PARIBAS

    In accordance with the fifth resolution approved by the combined General Meeting on May 13th, 2025, the shares may be purchased for the purposes of:

    • their cancellation in situations identified by the Extraordinary General Meeting;
    • honoring the obligations linked to the issuance of equity instruments, stock option plans, bonus share awards, the allotment or selling of shares to employees as part of a profit-sharing scheme, employee shareholding or Corporate Savings Plans, or any other type of share grant for employees and directors and corporate officers of BNP Paribas and of the companies controlled exclusively by BNP Paribas within the meaning of article L.223-16 of the French Commercial Code;
    • holding and subsequently remitting them in exchange or as payment for external growth transactions, mergers, spin-offs or asset contributions;
    • under a market-making agreement in accordance with Decision No. 2021-01 of 22 June 2021 of the French Financial Markets Authority (Autorité des Marchés Financiers);
    • carrying out investment services for which BNP Paribas has been approved or to hedge them.

    Maximum amount allocated to the share buyback programme, maximum number of shares to be purchased

    The General Meeting has authorised the Board of Directors to purchase a number of shares representing up to 10% of the shares comprising the share capital of BNP Paribas. For illustrative purposes, on the basis of the actual capital, 113,081,067 shares which represents, on the basis of a maximum repurchase price of EUR 102 per share, set by the fifth resolution approved by the General Meeting dated May 13th, 2025, a theoretical maximum purchase amount of EUR 11,534,268,834. Such limit is likely to change in case of transactions affecting the share capital.

    The shares which may be purchased under the present description are BNP Paribas’ shares listed on Euronext Paris – A compartment, ISIN Code FR0000131104.

    Considering that BNP Paribas owned as of May 9th, 2025 directly 721,971 of its own shares, i.e. 0.06% of its share capital, the number of shares that is likely to be purchased at the date of this description is 112,359,096 shares representing 9.94% of the share capital, i.e., on the basis of a maximum purchase price of EUR 102 per share as set by the General Meeting, a theoretical maximum purchase amount of EUR 11,460,627,792.

    Duration of the share buyback programme

    The authorisation granted by the General Meeting dated May 13th, 2025, as described in the fifth resolution, is valid for an eighteen-month period with effect from the date of the said General Meeting, i.e. up to November 13th, 2026.

    The Board of directors will ensure that these share purchases are carried out in accordance with the prudential requirements as defined by the regulation and the European Central Bank.
    ​

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press contact :
    Sandrine Romano – sandrine.romano@bnpparibas.com – +33 6 71 18 23 05
    Hacina Habchi – hacina.habchi@bnpparibas.com – +33 7 61 97 65 20

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    The MIL Network –

  • MIL-OSI New Zealand: Tax changes to promote growth

    Source: NZ Music Month takes to the streets

    The Government is removing tax roadblocks to investment, Finance Minister Nicola Willis says.

    “Budget 2025 sets aside $75 million over the next four years to encourage foreign investment in New Zealand infrastructure and make it easier for startups to attract and retain high quality staff.

    “These changes demonstrate the Government’s commitment to driving the economic growth needed to create jobs, lift incomes and fund public services New Zealanders rely on.

    “Low capital intensity and low rates of foreign direct investment are key contributors to New Zealand’s relatively low rates of productivity.

    “To generate growth, New Zealand needs more foreign investment and the international know-how it brings with it. It also needs rules that make it easier for enterprising new businesses to get established.

    “Presently, New Zealand’s thin capitalisation rules limit the amount of tax-deductible debt that foreign investors can put into New Zealand investments. The purpose of these rules is to prevent income being shifted offshore and to protect New Zealand’s tax base. 

    “However, there is a risk that the rules may be deterring investment, particularly in capital-intensive infrastructure projects that are typically funded by large amounts of debt. We need to strike a balance.

    “Therefore, the Budget sets aside $65 million for a change to the rules, pending the outcome of consultation on the details. 

    “The Budget sets aside another $10 million to defer tax liability of some employee share schemes to help startups and unlisted companies.

    “Currently, problems arise if tax bills for share income arrive when employees are unable to realise the value of their shares. The changes we are making will allow tax to be deferred until a liquidity event, such as the sale of the shares, occurs. 

    “These changes come on top of work under way to modernise and reduce compliance costs associated with fringe benefit tax rules and further adjustments to the foreign investment fund residence and other rules to make New Zealand a more attractive destination for migrants and digital nomads.

    “To shift onto a faster growth track, New Zealand needs to make it easier for businesses to access capital and talent.”  

    MIL OSI New Zealand News –

  • MIL-OSI: Foxconn Builds AI Factory in Partnership With Taiwan and NVIDIA

    Source: GlobeNewswire (MIL-OSI)

    • Foxconn’s Subsidiary — Big Innovation Company — to Build NVIDIA Blackwell Supercomputer With 10,000 NVIDIA Blackwell GPUs to Deliver a Leap in AI Computing for Taiwan
    • TSMC to Harness Big Innovation Company Cloud AI Infrastructure for Research and Development
    • Taiwan National Science and Technology Council to Invest in Supercomputer to Accelerate AI Development and Adoption Across Industries

    TAIPEI, Taiwan, May 18, 2025 (GLOBE NEWSWIRE) — COMPUTEX — NVIDIA and Foxconn Hon Hai Technology Group today announced they are deepening their longstanding partnership and are working with the Taiwan government to build an AI factory supercomputer that will deliver state-of-the-art NVIDIA Blackwell infrastructure to researchers, startups and industries.

    Foxconn will provide the AI infrastructure through its subsidiary Big Innovation Company as an NVIDIA Cloud Partner. Featuring 10,000 NVIDIA Blackwell GPUs, the AI factory will significantly expand AI computing availability and fuel innovation for Taiwan researchers and enterprises.

    The Taiwan National Science and Technology Council will use the Big Innovation Company supercomputer to provide AI cloud computing resources to the Taiwan technology ecosystem, accelerating AI development and adoption across sectors.

    TSMC researchers plan to leverage the system to advance its research and development with orders-of-magnitude faster performance, compared with previous-generation systems.

    “AI has ignited a new industrial revolution — science and industry will be transformed,” said Jensen Huang, founder and CEO of NVIDIA. “We are delighted to partner with Foxconn and Taiwan to help build Taiwan’s AI infrastructure, and to support TSMC and other leading companies to advance innovation in the age of AI and robotics.”

    “Foxconn builds technology that underpins modern life, and now, we’re building computing infrastructure to scale the next generation of breakthroughs across Taiwan,” said Young Liu, chairman and CEO of Foxconn. “By building this AI factory with NVIDIA and TSMC, we are laying the groundwork to connect people in Taiwan as well as government organizations and enterprises such as TSMC to accelerate innovation and empower industries.”

    “At TSMC, innovation lies at the heart of everything we do. By harnessing advanced AI infrastructure, we empower our researchers to accelerate breakthroughs in semiconductor technology, enabling next-generation solutions for our customers and the world,” said Dr. C.C. Wei, chairman and CEO of TSMC. “Leveraging this AI factory reinforces our commitment to pushing the limits of AI-driven innovation.”

    “Our plan is to create an AI-focused industrial ecosystem in southern Taiwan,” said Minister Wu Cheng-Wen of the National Science and Technology Council. “We are focused on investing in innovative research, developing a strong AI industry and encouraging the everyday use of AI tools. Our ultimate goal is to create a smart AI island filled with smart cities, and we look forward to collaborating with NVIDIA and Hon Hai to make this vision a reality.”

    Foxconn Drives Regional Technology Innovation as NVIDIA Cloud Partner
    The Big Innovation Cloud AI factory will feature NVIDIA Blackwell Ultra systems, including the NVIDIA GB300 NVL72 rack-scale solution with NVIDIA NVLink™, NVIDIA Quantum InfiniBand and NVIDIA Spectrum-X™ Ethernet networking.

    In addition to becoming an NVIDIA Cloud Partner, Big Innovation Cloud plans to participate in the NVIDIA DGX Cloud Lepton™ marketplace, announced separately today. This will provide a wide range of enterprises — from startups and research institutions to established industry leaders — easy access to advanced GPU resources, further accelerating AI development and deployment in Taiwan. The system is expected to also provide computing to speed the work of startups and developers through the NVIDIA Inception program and the NVIDIA Deep Learning Institute.

    Foxconn will use the AI supercomputer of Big Innovation Company to accelerate automation and efficiency across its three core pillars — smart cities, electric vehicles and manufacturing — with a vision of connecting industries, citizens and government organizations to accelerate growth with AI.

    For smart cities, the AI factory will help optimize connected transportation systems and other civil resources to enhance quality of life for people in Taiwan. For smart electric vehicles, the infrastructure will enable advanced driver-assistance systems and safety. In manufacturing, AI-driven analytics, automation and digital twin technologies will streamline operations and speed product iteration.

    Learn more by watching the COMPUTEX keynote from Huang and learn more at NVIDIA GTC Taipei.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Natalie Hereth
    NVIDIA Corporation
    +1-360-581-1088
    nhereth@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, and performance of NVIDIA’s products, services, and technologies; NVIDIA’s partnership with third parties and the impact and benefits thereof; third parties adopting NVIDIA’s products and technologies and the impact and benefits thereof, and the availability and features of their offerings; science and industry being transformed; and NVIDIA partnering with Foxconn and Taiwan to help build Taiwan’s AI infrastructure, and to support TSMC and other leading companies to advance innovation in the age of AI and robotics are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections and that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX Cloud Lepton, NVIDIA Spectrum-X and NVLink are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b40b18f-0c21-4eb5-82b1-2e81928b5301

    The MIL Network –

  • MIL-OSI China: Chinese car manufacturer introduces EV brand to Ethiopian market

    Source: People’s Republic of China – State Council News

    People learn about new electric vehicle models at a brand launch event organized by Chinese automaker Guangzhou Automobile Group Co., Ltd (GAC Group) in Addis Ababa, the capital of Ethiopia, on May 17, 2025. [Photo/Xinhua]

    Chinese automaker Guangzhou Automobile Group Co., Ltd (GAC Group) has introduced two of its electric vehicle (EV) models to the Ethiopian market, marking the Chinese car brand’s entry into the East African country.

    The company unveiled its AION Y and ES9 models on Saturday at a launch event in Addis Ababa, the capital of Ethiopia.

    Addressing the event, Zeleke Temesgen, commissioner of the Ethiopian Investment Commission, said the government has taken bold measures to encourage the adoption of EVs to accelerate the country’s transition to electric mobility.

    “The Ethiopian government has already banned the production, import, and assembly of gas-powered cars, so Ethiopia would be an ideal market for reputable companies like GAC Group,” said Temesgen.

    Appreciating GAC Group’s commitment to launching its EV brand in Ethiopia, the commissioner called on the company to set up a manufacturing plant so as to take advantage of favorable investment and massive market opportunities, and accelerate Ethiopia’s green mobility.

    Bareo Hassen, Ethiopian state minister of transport and logistics, said the government aspires to achieve green mobility “in the shortest time possible” with the goal of conserving energy and supporting the national economy.

    As part of the government’s push for a transition to electric mobility, more than 100,000 EVs are currently on the road across Ethiopia, which aims to have up to 500,000 EVs in the next 10 years, replacing the majority of cars powered by fossil fuels.

    Ethiopia is also working to expand EV production and the installation of public charging stations, and offering support and various incentives to private investors, such as free or leased land for investors in EV after-sales services, according to the Ministry of Transport and Logistics.

    Wei Haigang, president of GAC International, said the company, through its partner Huajian Group, will sell electric vehicles, establish charging infrastructure, and initiate local assembly operations in Ethiopia.

    Noting Ethiopia’s high potential for the EV market, Wei said GAC Group will engage in EV production in the future to tap into the huge market and support the country’s transition to electric mobility. 

    MIL OSI China News –

  • MIL-OSI China: Closer cooperation with China to unlock new opportunities in Malaysian palm oil sector

    Source: People’s Republic of China – State Council News

    Closer cooperation with China will unlock new commercial opportunities in the palm oil sector, Malaysian Plantation and Commodities Deputy Minister Chan Foong Hin said on Sunday.

    Chan, who is leading a delegation on an official visit to China from May 18 to 24, said Malaysia aims to strengthen bilateral trade relations, unlock new commercial opportunities, and drive innovation within Malaysia’s palm oil sector.

    “This official visit underscores Malaysia’s commitment to deepening economic ties with China, enhancing market access for palm oil products, and supporting sustainable growth across key export sectors,” he said in a statement.

    “China is Malaysia’s third-largest importer of palm oil and palm-based products globally, accounting for 10 percent of the total palm oil export value in 2024,” he added.

    Chan will also be attending the Seventh Western China International Fair for Investment and Trade in Chongqing and will host a roundtable meeting with importers from Western China, noting the growing importance of the region as a major palm oil importer.

    “The meeting will also discuss expanding partnerships in Western China, a region experiencing robust market growth and increasing demand for sustainable raw materials,” he said. 

    MIL OSI China News –