Larose Ventures Ltd.: Larose Ventures Enters Amalgamation Agreement to Acquire 1282454 B.C. Ltd.
Company or
Larose ), announces that it has entered into a definitive amalgamation agreement (the
Amalgamation Agreement ) dated effective January 22, 2021, pursuant to which it will amalgamate with 1282454 B.C. Ltd. (
1282454 BC ).
1282454 BC is a private company incorporated under the laws of British Columbia and currently has 2,000,000 common shares issued and outstanding. 1282454 BC has $250,000 in working capital and is actively pursuing a number of investment opportunities. Larose currently has 24,930,500 common shares issued and outstanding and 2,490,000 stock options outstanding.
Pursuant to the terms of the Amalgamation Agreement, Larose and 1282454 BC will amalgamate and continue as one company (
AEW UK REIT plc (LSE: AEWU) (the Company ), which, as at 25 January 2021, directly owns a diversified portfolio of 35 regional UK commercial property assets, announces its unaudited Net Asset Value ( NAV ) and interim dividend for the three month period ended 31 December 2020.
Interim dividend of 2.00 pence per share for the three months ended 31 December 2020, in line with the targeted annual dividend of 8.00 pence per share.
EPRA earnings per share ( EPRA EPS ) for the quarter of 1.68 pence (30 September 2020: 1.60 pence).
NAV of £151.88 million or 95.87 pence per share as at 31 December 2020 (30 September 2020: £147.24 million or 92.73 pence per share).
NAV total return of 5.53% for the quarter (30 September 2020: 1.46%).
The last year while challenging has created exceptional opportunities for investment in the resource sector. We were extremely disappointed that the transaction to acquire 100% of the share capital of E-Tech Metals Ltd was terminated without cause as we had materially advanced the due diligence process and the preparation of a prospectus. We however quickly identified New Generation Metals Limited ( NGM ) as an exceptional alternative and have managed to preserve much of the prospectus preparation that we had completed to smoothly change to the proposed new transaction. NGM is a UK private company, whose principal asset is the Kathleen Valley gold project ( Project ) in Western Australia. The Project is located in the prolific Wiluna-Norseman gold belt which hosts several world-class mines owned by a number of premier Australian gold companies including Northern Star and St Barbara. NGM holds other nickel and cobalt assets in Weste
New Oriental Announces FY2021 Second Quarter and Interim Financial Results (Ended November 30, 2020)
Quarterly Net Revenues Increased by 13.1% Year-Over-Year
Quarterly Student Enrollments Increased by 10.4% Year-Over-Year
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BEIJING, Jan. 22, 2021 /PRNewswire/ New Oriental Education & Technology Group Inc. (the Company or New Oriental ) (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2020, which is the second quarter of New Oriental s fiscal year 2021.
Financial Highlights for the Second Fiscal Quarter Ended November 30, 2020
Total net revenues increased by 13.1% year-over-year to US$887.7 million for the second fiscal quarter of 2021.
- Net trading revenue up 67% to £416.9 million (H1 FY20: £249.9 million) - Profit before tax increased 129% to £231.3 million (H1 FY20: £101.2 million) - Active clients rose 55% to 238,600 (H1 FY20: 154,000), 64,000 new clients onboarded (H1 FY20: 28,800) - New client retention rates are comparable to historical averages - Capital, funding, and liquidity remain very strong with regulatory capital resources of £712.3 million (31 May 2020: £675.5 million) - Interim cash dividend of 12.96 pence per share (H1 FY20: 12.96 pence per share) - Excellent progress in executing the growth strategy: - Revenue of £340.6 million in Core Markets (H1 FY20: £209.9 million), up 62% - Revenue of £76.3 million in Significant Opportunities (H1 FY20: £40.0 million), up £36.3 million