UAE, Africa to boost trade relations through export credit alliance March 10, 2021
Etihad Credit Insurance (ECI) and African Trade Insurance Agency (ATI) have agreed to strengthen the trade relations between the United Arab Emirates and Africa by providing trade finance solutions to businesses and exporters in both areas. WAM photo
DUBAI Etihad Credit Insurance (ECI) and African Trade Insurance Agency (ATI) have agreed to strengthen the trade relations between the United Arab Emirates and Africa by providing trade finance solutions to businesses and exporters in both areas.
To that end, both sides signed a Memorandum of Understanding to boost the global competitiveness of exporters by increasing their awareness of trade solutions and mitigating tools against commercial and political risks.
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SEATTLE, WA / ACCESSWIRE / March 10, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR): announced that it has begun an initiative to restructure its debt resulting in a dramatic reduction of potential dilution from convertible notes.
Although currently all convertible notes contain a provision that at no time can the notes be converted that would result in any note holder owning greater than 4.99 percent of the issued and outstanding shares, if all notes were to be converted at face value the number of shares would exceed the authorized amount. The restructuring plan utilizes a combination of paying off certain notes in full and a dramatically re-negotiated conversion price of all notes with an anticipated effect of:
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OAKVILLE, ON / ACCESSWIRE / March 10, 2021 / Spark Power Group Inc. ( Spark Power or the Company ) (TSX:SPG) today provided an update to its press release of March 5, 2021, in which Spark Power announced that it would refile its unaudited condensed interim financial statements for the three and nine month periods ended September 30, 2020 (the Previously Filed Interim Financial Statements ) together with the corresponding management discussion and analysis (the Previously Filed Interim MD&A ).
Amended and Restated Interim Financial Statements
As an update to the March 5, 2021 press release, the Company provides the following additional detail:
In connection with the filing of the prospectus in respect of the Offering, Spark Power engaged its auditors to perform a review of the Previously Filed Interim Financial Statements and the Previously Filed Interim MD&A. During the auditor s review, the Company identified a Balance Sheet classification error.
Irfan Razack, CMD - BL× Prestige Estates Projects Limited has completed phase-1 of proposed transaction with Blackstone Group which included 100 per cent stake sale in six completed office projects (including a hotel), 50 per cent stake sale in four under-construction projects and 85 per cent stake sale in nine shopping malls.
In all, phase-1 transactions included sale of 12 assets/undertakings comprising completed retail, office and hotel assets. Phase 2 of the transaction is expected to get completed by the end of next quarter.
In a regulatory filing to exchanges, the company said phase-1 transactions involved ₹7,467 crore out of the total enterprise value of approximately ₹9,160 crore.