Latest news with #assetpurchase
Bloomberg
18 hours ago
- Business
- Bloomberg
Singapore Members Club 1880's Staff In Bid to Revive Firm: BT
The staff of Singapore private members club 1880 have made an offer to buy the club's assets with the backing of its landlord RB Corp., a member of RB Capital Group, according to the The Business Times.
RNZ News
12-06-2025
- Business
- RNZ News
Many small businesses plan to buy new asset as result of Investment Boost
New Zealand banknotes, pen and calculator on background with rising trend green line Photo: 123RF Many small businesses plan to invest in new assets as a result of the government's Investment Boost programme . A MYOB survey of more than 500 small and medium sized businesses (SMEs) indicates nearly half (45 percent) plan to make an asset purchase over the next six months, while one-in-five were planning to invest in the next three months. Topping the list of new assets to purchase were passenger vehicles, including cars, vans, and utes (31 percent), followed by new office technology (28 percent), digital devices (22 percent), furniture (18 percent) and tools of their trade (15 percent). Just over one-in-10 planned to invest in smaller scale machinery or equipment. About a third (35 percent) of businesses estimated their investments would improve productivity. The survey found the other half of businesses considered changing their plans around investing in new assets because of the new policy, while about one-in-10 (12 percent) thought the Investment Boost had changed their plans considerably, though 7 percent were unsure. Just 28 percent said their spending plans had not changed, with 5 percent saying their planned spending was ineligible for the government's programme. MYOB chief customer officer Dean Chadwick said the survey findings demonstrated a strong appetite for government support, given the sluggish pace of economic recovery. "The Investment Boost delivers timely support to New Zealand's SMEs as they weigh up current economic challenges with the opportunity to invest in growing their business, and it will go some way to shoring up and accelerating their own performance," he said. "This latest survey also shows that spending by local businesses on eligible new assets will continue into 2026." The median planned asset spend of those surveyed was $37,700. One-in-10 businesses expected to spend between $80,000 to $100,000, while 12 percent expected to spend between $100,000 to $200,000. The agriculture sector has one of the highest median spends ($56,670), along with manufacturing ($53,300), behind the finance and insurance sector ($60,000 median).
Yahoo
31-05-2025
- Business
- Yahoo
Radical terminates asset purchase agreement with AgriForce, files lawsuit
Radical Clean Solutions has formally notified AgriForce Growing Systems (AGRI) of the termination of the previously executed asset purchase agreement dated August 16, termination was based on what Radical alleges to be multiple material breaches of the agreement by AgriForce. These alleged breaches include:Failure to fund Radical's monthly operations budget as contractually required; Failure to use commercially reasonable efforts to advance Radical's business; Failure to support key certification efforts essential to the business. In connection with the termination, Radical and its founder, Roger Slotkin, have filed a lawsuit in the United States District Court for the Southern District of New York against AgriForce Growing Systems Ltd. The suit alleges material breaches of various agreements, and Radical and Mr. Slotkin are seeking damages and other appropriate relief. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on AGRI: Disclaimer & DisclosureReport an Issue AgriFORCE Growing Systems launches TerraHash Digital division AgriFORCE commences final installation of bitcoin miners at Ohio site AgriFORCE Growing announces completion of 500 miner delivery at Ohio facility AgriFORCE mines over five bitcoin from Alberta, Ohio operations AgriFORCE Growing Systems provides update on bitcoin mining operations Effettua l'accesso per consultare il tuo portafoglio
