Palace Studios' New Pilates Studio For Private Clients In Central Hong Kong Available To Book Via Mobile App
GlobeNewswire· 2025-05-08 18:07
Company Overview - Palace Studios is a leading provider of premium private fitness spaces in Hong Kong, recently opening two flagship locations in the wellness corridor at Wyndham Street and Lan Kwai Fong, marking a significant expansion of its brand [1][11] - The company has quickly established itself as the studio of choice for personal trainers, pilates and yoga instructors, physiotherapists, and wellness professionals who require a premium and discreet environment [4][11] New Studio Launch - The newly launched Palace Three on Wyndham Street is specifically designed for the growing community of pilates instructors, offering a refined and private environment for high-profile clients [2][6] - Palace Three features premium branded equipment, natural wood finishes, and acoustic treatments, creating an ultra-private and serene experience tailored for instructors and their clients [5][10] Market Trends - The global pilates and yoga markets are projected to reach $420.98 billion by 2032, driven by increasing health consciousness and awareness of holistic practices among Hong Kong residents [7] - There is a rising demand for hyper-personalized, appointment-based fitness experiences in Hong Kong, positioning Palace Studios at the forefront of this trend [9] Location and Accessibility - Palace Three is strategically located near the mid-levels escalator on Wyndham Street, bridging Hong Kong's business core with upscale residential neighborhoods, and is available for bookings via the Palace Studios mobile app [8][10] - The app allows instructors to manage their schedules and access different Palace Studios locations without administrative burdens or long-term contracts [8] Community and Vision - Palace Three aims to be a community hub for instructors who seek a refined and discreet environment, catering to high-end clients such as executives and celebrities [10] - The company emphasizes its commitment to providing cutting-edge facilities that enhance the client experience and support the evolving fitness landscape in Hong Kong [6][9]
Notice on the Final Results of AKROPOLIS GROUP, UAB Green Notes Public Offering
GlobeNewswire· 2025-05-08 18:03
Core Viewpoint - Akropolis Group successfully completed a public offering of green notes valued at EUR 350 million, maturing in 5 years with a 6.000% annual coupon rate, aimed at strengthening its position in international debt capital markets [2][3]. Group 1: Offering Details - The green notes issuance is part of Akropolis Group's Green Finance Framework, which was publicly disclosed in February 2025 [2]. - The proceeds from the offering will be used to refinance existing EUR 300 million notes due 2026 and to finance a portfolio of Eligible Green Projects [4]. - The notes will be listed on Euronext Dublin and NASDAQ Vilnius, with a settlement date of May 15, 2025 [5][6]. Group 2: Investor Participation - The offering attracted over 90 investors, with the order book peaking at EUR 1.1 billion, indicating strong demand from a diverse investor base including Continental European and UK asset managers [5]. - The joint global coordinators for the offering were Citigroup Global Markets Europe AG and ING Bank N.V., with Skandinaviska Enskilda Banken AB acting as joint bookrunner [6]. Group 3: Financial Metrics - The notes have a fixed annual yield of 6.000% and will mature on May 15, 2030 [6]. - The issuer and expected rating of the notes is BB+ (stable) from both S&P and Fitch [6].
Bigbank AS Results for April 2025
GlobeNewswire· 2025-05-08 18:00
Core Insights - Bigbank's loan portfolio experienced significant growth in April, with an increase of 55 million euros, marking the highest monthly increase for the year [1] - The bank's net profit for April was 3.0 million euros, reflecting a 38% increase compared to the same period in 2024 [5][8] Loan Portfolio - The corporate loan portfolio grew by 26 million euros, while the home loan portfolio increased by 20 million euros, and the consumer loan portfolio rose by 9 million euros [1] - Loans to customers reached 2.37 billion euros, a year-on-year increase of 573 million euros or 32% [8] Deposit Portfolio - The deposit portfolio decreased by 12 million euros in April, with term deposits declining by 50 million euros and savings deposits increasing by 37 million euros [2] - Customer deposits and loans received totaled 2.55 billion euros, reflecting a 16% increase year-on-year [8] Financial Performance - Net interest income for April was 8.4 million euros, with a year-to-date total of 34.0 million euros, down 2% from the previous year [3][8] - Total net operating income for April was 9.1 million euros, a 2% increase year-on-year [7] Credit Losses - The net allowance for expected credit losses decreased by 4.2 million euros, or 42%, compared to the same period in 2024 [4][8] - The improved repayment behavior in the consumer loan portfolios of the Baltic countries contributed to the lower credit loss allowances [4] Expenses and Taxation - Total expenses for April were 4.1 million euros, with administrative expenses decreasing by 26% year-on-year [7] - Income tax expenses increased by 1.1 million euros, primarily due to higher tax rates in Estonia and Lithuania [5] Key Financial Indicators - Return on equity (ROE) for April was 13.4%, up 2.8 percentage points from the previous year [9] - The cost/income ratio (C/I) was 45.5%, slightly higher than the previous year [9] Company Overview - Bigbank, a commercial bank with over 30 years of history, operates in nine countries and serves more than 170,000 active customers [10] - As of April 30, 2025, the bank's total assets amounted to 2.9 billion euros, with equity of 274 million euros [10]
TWC Enterprises Limited Announces Voting Results from the 2025 Annual Meeting of Shareholders
GlobeNewswire· 2025-05-08 18:00
Group 1: Shareholder Meeting Results - TWC Enterprises Limited held its Annual Shareholders Meeting on May 7, 2025, with 37 shareholders representing 21,047,881 Common Shares, which is 86.36% of the total 24,371,549 issued and outstanding Common Shares [2][3] - All eight nominees proposed by management were elected as Directors of the Corporation, with voting results showing unanimous support for most nominees, except for Samuel J. B. Pollock, who received 98.55% votes in favor [3] - Deloitte LLP was appointed as the auditor of the Corporation, receiving 100% votes in favor, with 21,047,843 votes for and only 38 votes withheld [4] Group 2: Corporate Profile - TWC is the largest owner, operator, and manager of golf clubs in Canada, operating under the trademark "ClubLink One Membership More Golf," with 47 championship golf courses and 2.5 academy courses across 35 locations in Ontario, Quebec, and Florida [5]
ASSOCIATED CAPITAL GROUP, INC. Reports First Quarter Results
GlobeNewswire· 2025-05-08 18:00
Core Insights - Associated Capital Group, Inc. reported financial results for Q1 2025, showing a decline in total revenues and net income compared to the same period in 2024 [1][5][19] - The company experienced a change in leadership with Patrick Huvane appointed as Interim CEO following Doug Jamieson's retirement [2][3] Financial Performance - Total revenues for Q1 2025 were $2.1 million, down from $3.0 million in Q1 2024 [5][28] - Net income for Q1 2025 was $7.7 million, compared to $13.8 million in Q1 2024, resulting in a diluted net income per share of $0.36 versus $0.64 in the prior year [4][28] - Operating loss before management fee was $4.2 million in Q1 2025, compared to a loss of $3.0 million in Q1 2024 [4][28] Assets Under Management (AUM) - AUM at the end of Q1 2025 was $1.27 billion, an increase from $1.25 billion at the end of 2024, but down from $1.55 billion a year earlier [6][11] - The increase in AUM was attributed to market appreciation and currency fluctuations, offset by net outflows of $25 million [11] Operating Expenses - Total operating expenses, excluding management fees, were $6.3 million in Q1 2025, up from $6.0 million in Q1 2024, primarily due to increased mark-to-market expenses [8][28] - Management fees decreased to $1.1 million in Q1 2025 from $2.0 million in Q1 2024 [9][28] Investment Strategy Performance - The Merger Arbitrage strategy generated gross returns of 3.77% in Q1 2025, with net returns of 2.81% after fees [15] - Global M&A activity reached $890 billion in Q1 2025, a 15% increase from the previous year, with technology and financial sectors being the most active [15] Shareholder Actions - The Board declared a semi-annual dividend of $0.10 per share, payable on June 26, 2025 [19] - The company repurchased 39,018 Class A shares for $1.4 million in Q1 2025, compared to 117,354 shares for $3.9 million in Q1 2024 [19][20]
Toll Brothers Opens Woodland Estates Community in Leander, Texas
GlobeNewswire· 2025-05-08 17:29
LEANDER, Texas, May 08, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, announced that its latest Austin-area community, Toll Brothers at Woodland Estates, is now open for sale in Leander, Texas. This new luxury community offers an intimate collection of single-family homes on expansive one-acre home sites. The Toll Brothers Sales Center is now open daily at 2340 Greatwood Trail in Leander. “Toll Brothers at Woodland Estates offers the best luxury optio ...
SFL – 2025 AGM Results Notification
GlobeNewswire News Room· 2025-05-08 17:19
SFL Corporation Ltd. (the “Company”) advises that the 2025 Annual General Meeting of the Shareholders of the Company was held on 8 May 2025 at 12:00 hrs at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended 31 December 2024 were presented to the Meeting. In addition, the following resolutions were passed: To set the maximum number of Directors to be not more than eight.To resolve that vacancies in the ...
Cuprina Holdings Announces Closing of Underwriter’s Over-Allotment Option in Connection with Initial Public Offering
GlobeNewswire· 2025-05-08 17:05
Core Viewpoint - Cuprina Holdings (Cayman) Limited successfully closed the sale of an additional 450,000 Class A ordinary shares at the IPO price of $4.00 per share, raising a total of $13,800,000 in gross proceeds, including previous IPO proceeds of $12,000,000 [1] Group 1: Offering Details - The Offering was conducted under the Company's registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on March 31, 2025 [3] - R. F. Lafferty & Co., Inc. acted as the sole book-running manager for the Offering [2] Group 2: Company Overview - Cuprina is a Singapore-based biomedical and biotechnology company focused on developing and commercializing products for chronic wound management and infertility, as well as cosmeceuticals for health and beauty [5] - The company utilizes materials derived from natural sources to create wound care products that meet international standards [5]
CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club
GlobeNewswire· 2025-05-08 17:00
CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club RICHMOND, Va., May 08, 2025 (GLOBE NEWSWIRE) -- Richmond Ivy Soccer Club is thrilled to unveil their kits for the 2025 season, with CarMax (NYSE: KMX), the nation’s largest retailer of used cars, returning as the front-o ...
McEwen Mining: Q1 2025 Results
GlobeNewswire· 2025-05-08 16:52
TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter results for the period ended March 31st, 2025 (“Q1/25”). McEwen Mining has initiated plans to significantly increase annual gold production at the Fox Complex, targeting 60,000 ounces by 2027, with potential expansion to 120,000 - 150,000 ounces by 2030, subject to timely permit approval. As a result, our total annual consolidated production could increase to the earlier stated range of 225,0 ...