Latest news with #CaymanIslands-based
4 days ago
- Business
DNP to Acquire Biometric ID Service Provider Rubicon
News from Japan Economy Jun 18, 2025 18:16 (JST) Amsterdam, June 17 (Jiji Press)--Dai Nippon Printing Co. said Tuesday that it will acquire Cayman Islands-based Rubicon SEZC to enter the biometric authentication service business in emerging economies. DNP plans to obtain 75 pct of outstanding shares in Rubicon in July to make the provider of Laxton biometric identity solutions a subsidiary, the Japanese company said at a press conference in Amsterdam. It will be one of the biggest overseas corporate acquisitions by DNP, people familiar with the matter said, adding that the agreed buyout deal is believed to be worth tens of billions of yen. Established in 2004, Rubicon offers biometric services under the Laxton brand, primarily for governments, in more than 50 emerging countries and regions chiefly in Africa. DNP hopes to combine authentication and security technologies it has developed in its smart card business and the Laxton solutions including for national identification and voter verification to produce synergies. [Copyright The Jiji Press, Ltd.] Jiji Press
Cision Canada
06-06-2025
- Business
- Cision Canada
SIMPSON OIL ANNOUNCES ITS SUPPORT FOR THE SUNOCO-PARKLAND TRANSACTION
GRAND CAYMAN, Cayman Islands, June 6, 2025 /CNW/ - Simpson Oil Limited ("Simpson Oil"), the largest shareholder of Parkland Corporation ("Parkland"), holding 19.8% of Parkland's outstanding common shares, announced today that it is supportive of, and intends to vote all of its common shares in favor of, the proposed transaction involving Parkland and Sunoco LP ("Sunoco"). As a long-term shareholder since 2017, Simpson Oil has been an advocate for the significant opportunities available to Parkland with a clear strategic direction overseen by capable leadership free of conflicts and self-interest. A combination with Sunoco will allow Parkland to benefit from operating under a first-class management team with a proven track record of value creation. This should address the lamentable governance and performance issues which have plagued Parkland for years. Parkland's shareholders have the ability to participate in a combined Sunoco-Parkland entity via SunocoCorp units. Simpson Oil believes the proposed transaction is a favourable outcome for Parkland investors. Legal disclaimers: The information contained in this press release does not and is not intended to constitute a solicitation of a proxy within the meaning of applicable corporate and securities laws. Simpson Oil is not making any recommendation to Parkland shareholders regarding the proposed transaction, including whether any shareholder should vote in favor of the proposed transaction. About Simpson Oil: Simpson Oil is a subsidiary of The Simpson Group, a privately-owned, Cayman Islands-based investment company with diverse holdings in the energy, water, and real estate sectors. Simpson Oil controls or beneficially owns 34,444,050 common shares in the capital of Parkland. Simpson Oil's head office address is 94 Solaris Avenue - 2nd Floor, PO Box 30745, Camana Bay, Grand Cayman, KY1-1203, Cayman Islands.
Yahoo
06-06-2025
- Business
- Yahoo
SIMPSON OIL ANNOUNCES ITS SUPPORT FOR THE SUNOCO-PARKLAND TRANSACTION
GRAND CAYMAN, Cayman Islands, June 6, 2025 /CNW/ - Simpson Oil Limited ("Simpson Oil"), the largest shareholder of Parkland Corporation ("Parkland"), holding 19.8% of Parkland's outstanding common shares, announced today that it is supportive of, and intends to vote all of its common shares in favor of, the proposed transaction involving Parkland and Sunoco LP ("Sunoco"). As a long-term shareholder since 2017, Simpson Oil has been an advocate for the significant opportunities available to Parkland with a clear strategic direction overseen by capable leadership free of conflicts and self-interest. A combination with Sunoco will allow Parkland to benefit from operating under a first-class management team with a proven track record of value creation. This should address the lamentable governance and performance issues which have plagued Parkland for years. Parkland's shareholders have the ability to participate in a combined Sunoco-Parkland entity via SunocoCorp units. Simpson Oil believes the proposed transaction is a favourable outcome for Parkland investors. Legal disclaimers: The information contained in this press release does not and is not intended to constitute a solicitation of a proxy within the meaning of applicable corporate and securities laws. Simpson Oil is not making any recommendation to Parkland shareholders regarding the proposed transaction, including whether any shareholder should vote in favor of the proposed transaction. About Simpson Oil: Simpson Oil is a subsidiary of The Simpson Group, a privately-owned, Cayman Islands-based investment company with diverse holdings in the energy, water, and real estate sectors. Simpson Oil controls or beneficially owns 34,444,050 common shares in the capital of Parkland. Simpson Oil's head office address is 94 Solaris Avenue - 2nd Floor, PO Box 30745, Camana Bay, Grand Cayman, KY1-1203, Cayman Islands. SOURCE Simpson Oil Limited View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Zacks.com featured highlights StoneCo, Intercontinental Exchange, Southwest Gas Holdings and The Mosaic
Chicago, IL – May 30, 2025 – The stocks in this week's article are StoneCo Ltd. STNE, Intercontinental Exchange, Inc. ICE, Southwest Gas Holdings, Inc. SWX and The Mosaic Co. MOS. Markets began 2025 on a strong footing but have since been gripped by heightened volatility because of the Trump administration's tariff plans, which have resulted in ambiguity. The uncertainty has clouded expectations around the tariffs' potential impact on the U.S. economy and the Federal Reserve's monetary policy decisions. Amid this backdrop, investors are approaching the markets with increased caution. Therefore, the conventional method of selecting stocks is the need of the hour. One such way is choosing stocks with steady sales growth. In this regard, StoneCo Ltd., Intercontinental Exchange, Inc., Southwest Gas Holdings, Inc. and The Mosaic Co. are worth investing in. When evaluating a company, revenues often receive more scrutiny than earnings. Investors focus on a business's ability to generate increasing sales over time, as this shows its potential to expand the customer base. In contrast, stagnant or declining sales may signal underlying headwinds. While a company can still generate profits in the short term, sustained growth is necessary to attract new investors. Strong revenue growth is also essential for long-term profitability. While earnings can be improved by cutting costs, consistent bottom-line expansion typically requires steady sales increases. Yet, sales growth alone cannot provide a proper picture of a company's financial health. Evaluating a company's cash position alongside its revenues is a more effective investment strategy. A strong cash balance and steady cash flow provide flexibility for strategic decisions, operational stability and future investments. You can see the complete list of today's Zacks #1 Rank stocks here. Cayman Islands-based StoneCo provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online and mobile channels in Brazil. STNE offers financial services, including payment, prepayment, digital banking and credit solutions. StoneCo's expected sales growth rate for 2025 is 12.2%. STNE sports a Zacks Rank #1 at present. Intercontinental Exchange, headquartered in Atlanta, GA, is a leading global operator of regulated exchanges, clearing houses and listings venues, and a provider of data services for commodity, financial, fixed-income and equity markets. ICE has evolved and grown over the past two decades, primarily on buyouts and collaborations. Intercontinental Exchange's expected sales growth rate for 2025 is 7.3%. ICE currently carries a Zacks Rank #2. Southwest Gas is an energy holding company based in Las Vegas, NV. SWX makes deliveries of natural gas under a priority system established by state regulatory commissions. Southwest Gas' sales are expected to rise 2.8% in 2025. SWX sports a Zacks Rank #1 at present. Tampa, FL-based Mosaic is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. MOS is the biggest integrated phosphate producer globally and among the four largest potash producers in the world. Mosaic's expected sales growth for 2025 is 10.2%. MOS, at present, carries a Zacks Rank #2. Get the remaining stock on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial of the Research Wizard today. For the rest of this Screen of the Week article please visit at: Follow us on Twitter: Join us on Facebook: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report Southwest Gas Corporation (SWX) : Free Stock Analysis Report The Mosaic Company (MOS) : Free Stock Analysis Report StoneCo Ltd. (STNE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Brooge Energy Voluntarily Delists from Nasdaq
DUBAI, May 28, 2025 (GLOBE NEWSWIRE) -- Brooge Energy Limited, ("BEL" or the 'Company') (NASDAQ: BROG), a Cayman Islands-based infrastructure provider, which is engaged in Clean Petroleum Products and Biofuels and Crude Oil storage and related services, today announced that it has provided notification to The Nasdaq Stock Market, LLC ('Nasdaq') of its intent to voluntarily delist the Company's ordinary shares (the 'Shares'), from the Nasdaq Capital Market and subsequently deregister with the Securities and Exchange Commission (the 'SEC'). The Company intends to file a Form 25 (Notification of Removal from Listing) with the SEC and Nasdaq relating to the delisting of its Shares on or about June 9, 2025. As a result, the Company expects the last day of quotation of its Shares on Nasdaq will be on or about June 19, 2025. The Company does not intend to list the Shares on another securities exchange. Following the termination of the quotation of the Company's Shares from Nasdaq, the Company intends to file a Form 15 with the SEC on or about June 19, 2025 to suspend its reporting obligations under the Exchange Act. As a result of the filing of the Form 15, the Company's obligation to file certain Exchange Act reports and forms with the SEC, including Forms 20-F and 6-K, will immediately cease. Other SEC filing requirements will terminate upon the effectiveness of the deregistration. Although the Company will have no continuing requirement to file periodic reports with the SEC after June 19, 2025, the Company expects that the formal deregistration of its Securities will become effective 90 days after the filing of the Form 15 with the SEC. The documents filed with the SEC will be available at The withdrawal of the Shares from listing and registration is being undertaken following a determination by the Company's Board of Directors (the 'Board') that such delisting and deregistration is in the best interest of the Company and the holders of its Shares. The Board's decision was based on a careful review of numerous factors, including but not limited to, the lack of an active trading market for the Company's securities, the required resources and expenses relating to continued Securities Exchange Act of 1934 and Nasdaq disclosure and reporting requirements and related regulatory burdens which have resulted and would continue to result in significant operating expense and attention of the Company's management team. About Brooge Energy LimitedBEL is a Cayman Islands-based infrastructure provider which is engaged in Clean Petroleum Products and Biofuels and Crude Oil storage and related services. BEL conducts the business and operations through its subsidiary BPGIC FZE. BPGIC FZE is strategically located outside the Strait of Hormuz at the Port of Fujairah in the Emirate of Fujairah in the UAE Its business differentiates itself from competitors by providing customers with fast order processing times, excellent customer service and high accuracy blending services with low product losses. Forward-Looking Statements This press release contains statements that are not historical facts and constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements reflect management's current views based on certain assumptions, and they involve risks and uncertainties. Actual results, events or performance may differ materially from the forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including risks described in public reports filed by BEL with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. BEL does not undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Investor ContactKCSA Strategic CommunicationsValter Pinto, Managing Director+1 212-896-1254 BROG@ in to access your portfolio
