Company Overview - APMH Invest A/S, a wholly owned subsidiary of A.P. Møller Holding A/S, has made an all-cash voluntary recommended purchase offer to acquire all issued shares in Svitzer Group A/S, excluding shares owned by APMHI and treasury shares [1] - Svitzer is a leading global towage and marine services provider, founded in 1833, operating approximately 450 vessels and serving around 2,000 customers in over 140 ports and 40 terminals across 37 countries [3] Offer Details - APMHI has received acceptances representing approximately 93.4% of the entire share capital and voting rights in Svitzer, based on preliminary results [2] - The final result and completion of the Offer are expected to be announced on May 16, 2025 [2] Industry Context - Svitzer's services are critical for port infrastructure, assisting large seaborne vessels in maneuvering in and out of ports and terminals [3]

Core Insights - Masitinib demonstrates neuroprotective effects by lowering serum neurofilament light chain (NfL), a key biomarker for neurodegenerative disorders such as multiple sclerosis, amyotrophic lateral sclerosis, and Alzheimer's disease [1][4][6] Group 1: Research Findings - The study published in PLOS One shows that masitinib can significantly reduce serum NfL levels, indicating its potential neuroprotective effects [1][3] - At Day 8, masitinib treatment reduced NfL levels by 43% at a dosage of 50 mg/kg/day and by 60% at 100 mg/kg/day, demonstrating a dose-dependent response [5][11] - Absolute serum NfL concentrations were approximately 25% lower in both masitinib treatment groups compared to the EAE control group at Day 8, with further reductions observed at Day 15 [5][6] Group 2: Mechanism of Action - Masitinib targets the innate neuroimmune system, specifically mast cells and microglia, which are implicated in the pathophysiology of neurodegenerative diseases [4][7] - The drug has shown clinical benefits in previous trials for progressive multiple sclerosis, ALS, and mild-to-moderate Alzheimer's disease, reinforcing its therapeutic promise [4][6] Group 3: Functional Performance - Masitinib treatment improved grip strength in EAE mouse models, with treated mice recovering to baseline levels by Day 15, indicating a protective effect on motor function [11] - Both treatment groups exhibited significantly less relative deterioration in grip strength compared to the EAE control group (p < 0.001) [11]

Core Viewpoint - Kenmare Resources plc has published its Report on Payments to Governments for the financial year ended 31 December 2024, detailing payments made to the Government of Mozambique, with total payments amounting to $20,323,000, which includes taxes, royalties, and fees [3][4][22]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique, which accounts for approximately 6% of global titanium feedstocks [3][6]. - The company is incorporated in Ireland and has listings on the London Stock Exchange and Euronext Dublin [6][25]. Report Scope and Compliance - The report complies with the Transparency Regulations and the Companies Act, detailing payments related to the exploration, development, and extraction of minerals [5][9]. - Payments are disclosed on a cash basis and are categorized into royalties, taxes, and fees, among others [12][14]. Financial Summary - Total payments to the Government of Mozambique for 2024 include: - Taxes: $9,921,000 - Royalties: $10,087,000 - Fees: $315,000 - Total: $20,323,000 [22]. - The mining operations are conducted by wholly-owned subsidiaries, Kenmare Moma Mining (Mauritius) Limited and Kenmare Moma Processing (Mauritius) Limited, which account for 100% of the Group's turnover [7][10]. Payment Details - The Group is subject to a mining royalty of 3% based on Heavy Mineral Concentrate (HMC) sold, and a revenue royalty of 1% on revenue recognized by the processing subsidiary [14][15]. - The corporation tax rate applicable to the Mozambique branch is 35% on taxable profits [15]. Community and Infrastructure Contributions - Payments for infrastructure improvements and social investments are excluded from the report, focusing instead on direct payments to the government [17].

Core Insights - JLT Mobile Computers has launched the JLT6015, the first rugged vehicle-mount computer with a 15-inch full high-definition display, designed for demanding environments such as mining, agriculture, and container terminals [3][7] - The JLT6015 builds on the previous model, JLT6012, enhancing programmability and incorporating advanced sensors for improved workflow efficiency and safety [4][7] - Equipped with Windows 11 IoT Enterprise LTSC and certified for 5G and Wi-Fi 6E, the JLT6015 offers high-performance computing and enhanced connectivity [5][12] Product Features - The JLT6015 features a 1920 x 1080 pixel resolution and a 16:9 widescreen aspect ratio, providing exceptional clarity and visual detail [3][12] - Its rugged design includes shock and vibration resistance, weather resistance, and sunlight readability up to 1000 NIT, making it suitable for extreme conditions [6][12] - The device operates with a glove-friendly capacitive touchscreen and supports multi-touch functionality, enhancing user experience [6][12] Market Position - The launch of the JLT6015 strengthens JLT Mobile Computers' position as a leader in rugged computing solutions, addressing customer needs for productivity in challenging environments [7][11] - The company has over 30 years of experience in developing rugged mobile computing devices, serving various industries including warehousing, transportation, and manufacturing [11]

Core Points - Egide Group's shares will be transferred to the "Penalty Bench" compartment effective May 16, 2025, due to the delay in publishing its 2024 Annual Financial Report [2][3] - The exit from the "Penalty Bench" will occur automatically once the Annual Financial Report for the year ending December 31, 2024, is published [3] - The publication of the 2024 Annual Financial Report was initially scheduled for April 30, 2025, but has been postponed to complete the audit process [4][5] Financial Calendar - The 2025 Half-Year Revenue is scheduled for July 30, 2025 [6] - The 2025 Half-Year Results will be announced on October 20, 2025 [6] Company Overview - Egide Group specializes in manufacturing hermetic packages and heat dissipation solutions for sensitive electronic components, operating in high-tech markets with significant barriers to entry [6] - The company is the only pure player in its niche market, with manufacturing bases located in France and the United States [6]

Core Viewpoint - Kenmare Resources plc has extended the deadline for the Consortium to announce a firm intention to make a cash offer for the company, now set for June 20, 2025, to facilitate ongoing discussions and due diligence [3][5][6]. Group 1: Proposal and Offer Details - On March 6, 2025, Kenmare's Board announced a non-binding proposal from Oryx Global Partners Limited and Michael Carvill for a possible all-cash offer for the entire issued share capital of Kenmare [3]. - The initial deadline for the Consortium to announce a firm intention to make an offer was set for May 15, 2025, following an extension announced on April 17, 2025 [4][6]. Group 2: Regulatory Compliance - The extension of the deadline was granted by the Takeover Panel to allow the Consortium more time for due diligence and discussions [5]. - The revised deadline for the Consortium to either announce a firm intention to make an offer or state that it does not intend to make an offer is now June 20, 2025 [6].

Core Viewpoint - Cornish Metals Inc. has reported strong financial results and strategic advancements for the South Crofty tin project, highlighting a successful fundraising effort and key operational milestones expected in the coming year [3][5][7]. Financial Highlights - For the three months ended March 31, 2025, total operating expenses increased to CAD 3,189,723 from CAD 2,759,198 in the same period of 2024 [6][19]. - The loss for the period was CAD 3,043,606, compared to a loss of CAD 2,561,669 in the previous year [6][20]. - Net cash used in operating activities was CAD 2,190,616, up from CAD 1,148,564 in the prior year [6][21]. - The company raised CAD 91,566,076 from the recent fundraising, significantly increasing cash reserves to CAD 88,954,141 at the end of the period [6][22]. Strategic Developments - The company completed a £57.4 million fundraising, supported by the National Wealth Fund and Vision Blue, which will fund ongoing development and de-risking of the South Crofty project [3][5]. - Senior management appointments were made to strengthen project and operations teams, with Dave Howe as General Manager and Guillermo Alcaraz as Project Director [5]. - The company purchased 4.5 acres of land adjacent to existing operations to facilitate access and infrastructure development for the mine [5]. Project Progress - Mine dewatering and refurbishment of the New Cook's Kitchen Shaft are ongoing, with dewatering currently advancing at over 15,000 meters per day, expected to increase to approximately 25,000 meters per day post-maintenance [5][7]. - The company aims to complete dewatering, advance detailed engineering studies, and commence early project works, including the construction of a processing plant [7][8]. Economic Assessment - The 2024 Preliminary Economic Assessment for South Crofty indicates a potential after-tax NPV of USD 201 million and an IRR of 29.8%, with an average annual tin production of 4,700 tonnes in the initial years [7][8]. - The project is positioned to be the only primary tin producer in Europe or North America, with tin classified as a Critical Mineral [7][8].

Company Overview - SAGA Metals Corp. is a North American exploration company focused on discovering critical minerals that support the global transition to green energy [5] - The company's flagship asset is the Double Mer Uranium Project in Labrador, Canada, covering 25,600 hectares with significant uranium radiometrics [5] - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [6] - Additional exploration assets are located in Labrador, targeting titanium, vanadium, and iron ore [7] Key Appointment - Vernon Shein has been appointed to SAGA's board of advisors, bringing 39 years of exploration industry experience [2] - Shein previously served as Exploration Manager for Bema Gold Corp. and B2Gold, overseeing projects from exploration to production [2][3] - His notable projects include the Kupol Mine in Russia, Jabali Mine in Nicaragua, and the Montana open pit at the Masbate Mine in the Philippines [3] Strategic Focus - The initial focus for SAGA will be on the Radar Ti-V-Fe project near Cartwright, Labrador, which has shown exceptional results from its maiden drill program [4] - The company aims to fast track the Radar project towards advanced development, leveraging Shein's expertise [4] - Shein expressed enthusiasm for SAGA's diversified exploration programs targeting critical minerals essential for the green energy transition [4]

Core Viewpoint - Gaotu Techedu Inc. reported strong financial results for the first quarter of 2025, with significant year-over-year growth in revenues and profitability, driven by enhanced operational efficiency and strategic investments in AI-powered educational solutions [1][5][10]. Financial Performance - Net revenues increased by 57.7% to RMB1,493.0 million from RMB946.9 million in Q1 2024 [3][10]. - Gross billings rose by 21.8% to RMB888.7 million from RMB729.4 million in the same period [3][10]. - Income from operations was RMB34.8 million, a turnaround from a loss of RMB77.7 million in Q1 2024 [3][14]. - Net income reached RMB124.0 million, compared to a net loss of RMB12.3 million in the prior year [3][19]. - Non-GAAP net income surged by 4,419.2% to RMB137.3 million from RMB3.0 million in Q1 2024 [3][19]. Operational Highlights - The company achieved a net income margin of 9.2% and an operating margin increase of 10.5 percentage points year-over-year [5][8]. - Deferred revenue balance grew by 44.0% to over RMB1.4 billion, indicating strong future revenue potential [8]. - The company allocated RMB136 million for share repurchases, with a total of approximately RMB460 million under the current buyback plan [6][9]. Strategic Initiatives - Gaotu is focusing on creating a technology-empowered value loop in education by integrating AI into its products and services, enhancing user experience and learning outcomes [7][9]. - The company plans to continue investing in product quality and expanding its user base to meet evolving customer needs [9]. Future Outlook - For Q2 2025, total net revenues are expected to be between RMB1,298 million and RMB1,318 million, reflecting a year-over-year increase of 28.5% to 30.5% [26].

SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) -- Leading global advisory, broking and solutions company, WTW (NASDAQ: WTW) today announced the appointment of Luke Ware as Head of Asia, in addition to his current position as Head of Corporate Risk & Broking, Asia, effective immediately. In his new dual capacity, Luke will work closely with all WTW business leaders across Risk & Broking and Health, Wealth & Career to drive innovation, advance and deliver WTW solutions, and serve the people, risk and capital needs ...