SHOWA, the leading US manufacturer of Nitrile gloves, single-use PPE, and Choctaw-Kaul today announced a strategic partnership to meet accelerating US demand for protective equipment gloves Personal Personal Protection (PPE) Essential to Protecting Frontline Workers and U.S. Citizens During the Coronavirus Pandemic
The US remains highly vulnerable to shocks from demand for COVID-19 PPE Not only less than half of all PPE (gloves, masks, respirators, etc.) made in North America, but over 95% of PPE gloves are currently made in Asia (mainly China, Malaysia, Indonesia, and Thailand) – meaning the US is vulnerable to chain disruption. ‘Foreign sourcing Meeting the domestic demand for PPE gloves requires partners with the manufacturing and distribution resources’ as well as a proven track record of providing high quality and affordable equipment to commercial and government customers.
SHOWA is currently the only US manufacturer of single-use nitrile PPE gloves that frontline workers in industry, service, transportation, healthcare, and government rely on As of the end of 2019, SHOWA has invested significantly in its Fayette, Alabama glove manufacturing facility and now has the production capacity to meet a 5-year nitrile glove supply need – today Choctaw-Kaul is a Native American manufacturer and distributor of gloves, personal protective equipment, safety equipment and supplies, and power tools The organization has over 100 years of manufacturing and distribution experience around the world
The combination of SHOWA’s manufacturing capabilities and Choctaw-Kauls’ extensive U.S. distribution network will ensure that the highest quality PPE gloves reach the organizations and people who need them most quickly, said Richard Heppell, COO Americas, Oceania & EMEA, SHOWA PPE of national origin for US frontline workers would reduce reliance on unpredictable and often unreliable overseas supply sources, thereby protecting people and lives during the pandemic and beyond
Kenny Tubby, President – Choctaw-Kaul, added: Our mission has always been to lead our industry by providing safe work environments by providing quality products and services at a competitive price, and the partnership announced today hui with SHOWA significantly advances this mission Two industry leaders come together to manufacture and distribute products made in the United States that improve the health and safety of Americans
To learn more about how SHOWA can meet your COVID-19 PPE glove requirements with gloves made and distributed in the US, visit the SHOWA Made in America product page: https: // wwwshowagroupcom / us / fr / made-in-america / en / made-america Find out more about Choctaw-Kaul Distribution: http: // wwwchoctawkaulcom /
SHOWA stands for the highest level of hand protection and innovation We pioneer revolutionary technology and create more than 1,800 gloves, each meticulously designed to provide the perfect protection for the job at hand With 58 patents owned and more than 100 researchers and developers dedicated to doing our best, we are leading the way for our industry without imitation SHOWAs unmatched quality is achieved through 100% integrated manufacturing, giving us complete control at every stage of design and production Down to every fiber, our gloves are best engineered to perform better, unleashing new potential for hands at work
Choctaw-Kaul Distribution Company is a Native American manufacturer and distributor of & gloves, personal protective equipment, safety supplies, housekeeping products and power tools With over 100 years of expertise in manufacturing and distribution, Choctaw-Kaul assists a wide variety of clients by providing them with a safe, healthy and productive work environment Based in Detroit, Michigan, Choctaw-Kaul has built a tradition based on the complete satisfaction of our customers. more about Choctaw-Kaul Distribution at http: // wwwchoctawkaulcom /
DUBAI, UAE, seven Jan. 30, 2020 / PRNewswire / – Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA ), today announced the initial public offering price of 18,600,000 US Depositary Shares (“ADS”), each representing one Class A common share of the Company, at a public price of 7 $ US50 per ADS for a total offering size of approximately US $ 1395 million, assuming the Underwriters do not exercise their option to purchase additional ADS ADSs are expected to start trading on the New Stock Exchange. York today under the symbol « YALA » The offer is expected to close on October 2, 2020, subject to customary closing conditions
In addition, the Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to a total of an additional 2,790,000 ADS at the price of the public offering. initial, less discounts and subscription fees, to cover over-allocations
Morgan Stanley & Co LLC and Haitong International Securities Company Limited are acting as associate bookkeepers for the offering Tiger Brokers (NZ) Limited is acting as co-manager of the offering
A registration statement relating to these securities has been filed and declared effective by the United States Securities and Exchange Commission This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor any sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or sale. qualification under the securities laws of such state or jurisdiction
This offer is being made only by means of a prospectus which forms part of the actual registration statement A copy of the final prospectus relating to the offer can be obtained, when available, by contacting the following underwriters:
(i) Morgan Stanley & Co LLC, Attention: Service Prospectus, 180 Varick Street, 2nd Floor, New York, NY 10014, USA, or by calling 1-917-606-8487, or e- mail to [email protected]
(ii) Haitong International Securities Company Limited, Attention: Equity Capital Markets, 22 / F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, or by calling 852-2848-4385, or by e-mail at [email protected]
Yalla Group Limited is the leading voice-based social networking and entertainment platform in the Middle East and North Africa (MENA) The company’s flagship mobile application, Yalla, is specially designed for local populations and cultures of the region and mainly includes Yalla rooms, a mirrored online version of majlis or cafes where people spend their free time in informal chats Voice chats are more suited to MENA cultural norms than video chats The Company strives to maintain the equal status of users on its platform, thereby encouraging all of them to communicate and interact with each other freely The Company also operates Yalla Ludo, a mobile application offering online versions of board games that are very popular in the MENA region, such as Ludo and Domino. In-game real-time chats and Ludo chat room functions are popular social networking features among users.With close attention to detail and a localized appeal that resonates deeply with users, the mobile apps of Yalla offer a seamless user experience that fosters a sense of loyal ownership, creating a very dedicated and engaged user community
This press release contains statements that may constitute « forward-looking » statements under the « safe harbor » provisions of the US Private Securities Litigation Reform Act, 1995 These forward-looking statements may be identified by terminology such as “will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “projects”, “believes”, “estimates”, “probable to” and statements Similar Statements that are not historical facts, including statements about the beliefs, plans and expectations of Yalla Group Limited, are forward-looking statements Forward-looking statements involve inherent risks and uncertainties Further information regarding these risks and others are included in filings by Yalla Group Limited with the SEC All information provided in this press release is as of the date of this press release, and Yalla Group Limit ed does not undertake any obligation to update any forward-looking statements, except as required by applicable law.
BEIJING, seven Jan. 30, 2020 / PRNewswire / – Wanda Sports Group Company Limited (the “Company” and, together with its consolidated entities, “Wanda Sports Group”) (NASDAQ: WSG), a leading global platform for sporting events, media and Marketing, today announced that its Board of Directors (the “Board”) has received a non-binding preliminary proposal letter, dated September 30, 2020 (the “Proposal Letter”), from Wanda Sports & Media ( Hong Kong) Holding Co Limited (the “Proposing Buyer”), a wholly-owned subsidiary of Dalian Wanda Group Co Ltd, to acquire all of the outstanding Class A common shares of the Company (the “Class A common shares ”), Including US custodian shares representing Class A common shares (“ ADS ”, with two ADSs representing three Class A common shares), for $ US50 in cash per ADS or $ 1.67 per class common share A (the “proposed transaction”) A copy of the letter of Proposal is attached hereto as Exhibit A
The Proposing Purchaser beneficially owns all of the Class B common shares of the Company, representing approximately 7168% of all issued and outstanding shares of the Company and approximately 9101% of the total voting rights of the Company According to the proposal letter, the proposing buyer intends to fund the consideration payable in the proposed transaction with equity investments or loans provided by affiliates of the proposing buyer or other parties. The Proposing Buyer has also indicated that it is open to consider alternative structures, including an acquisition by the Company of Class A Ordinary Shares and ADS, at the same price.
Board plans to assess proposed transaction The Board advises holders of Class A common shares and holders of ADS and others considering trading ADS that the Board has just received the letter of proposal and no. has not had the opportunity to carefully review and assess the Proposal or to make a decision regarding the Company’s Response to the Proposal There can be no assurance that a definitive offer will be made or that this or any other transaction involving the Company will be approved or executed The Company assumes no obligation to provide updates regarding this or any other transaction, except as required by applicable law.
Wanda Sports Group is a leading global sports events, media and marketing platform with a mission to unite people in sport and empower athletes and fans to live out their passions and dreams. Through its businesses, Infront and Wanda Sports China, Wanda Sports Group has significant intellectual property rights, long-term relationships and extensive execution capabilities, which enables it to deliver inspiring sports experiences, create Access to engaging content and creating inclusive communities Wanda Sports Group offers a full range of events, marketing and media services through its three main segments: Spectator Sports, Digital, Production, Sports Solutions (DPSS) and Mass Participation Wanda Sport Group’s full service platform creates value for its partners and customers as well as other stakeholders in the sport ecosystem , from rights holders to brands and advertisers, including fans and athletes
Based in China, Wanda Sports Group has more than 49 offices in 17 countries and more than 1,100 employees worldwide For more information, please visit http: // investorwsgcn / investorwsgcn
This press release contains forward-looking statements These statements are made under the « safe harbor » provisions of the US Private Securities Litigation Reform Act, 1995 These forward-looking statements include, but are not limited to ‘limit, management quotes and the company’s financial outlook These forward-looking statements may be identified by terminology such as « will », « estimate », « project », « predict », « believe », « s’ expect « , » anticipate « , » intend « , » potential « , » plan « , » « objective » and similar statements The Company may also make written or oral forward-looking statements in its periodic reports to US Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. ations involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements and, therefore, could be affected by the uncertain and unprecedented impact of COVID-19 on the business and the Company’s operations and the associated impact on its liquidity needs These forward-looking statements include, but are not limited to, statements regarding: the impact of the spread of COVID-19 and the associated mitigation efforts on the activities, operations and results of operations of the company; the objectives and strategies of the company, including after the completion of the sale of the IRONMAN group; the expected growth of the Company’s industry; the Company’s expectations regarding its ability to attract rights partners and monetize their rights through exit arrangements; changes in consumer behavior and consumer and business spending, especially as a result of the COVID-19 crisis; the ability of society to achieve acceptable levels of engagement with its athletes following the COVID-19 crisis; the future business development of the Company, its results of operations and its financial condition; competition in the company’s industry; general economic and trade conditions, especially following the COVID-19 crisis; the outcome of discussions with rights holders and lenders to mitigate the impact of the effects of COVID-19 on Wanda Sports Group; and the assumptions underlying or related to all of the foregoing, as well as the risks, uncertainties and other factors described in “Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F for the year ended December 31, 2019, which is available on the SEC’s website at wwwsecondegov Additional information will be made available in other filings the company makes from time to time with the SEC
Further, all forward-looking statements contained in this press release are based on what the company believes to be reasonable assumptions as of that date The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unforeseen events, except as required by law
Wanda Sports & Media (Hong Kong) Holding Co Limited, a 100% subsidiary of Dalian Wanda Group Co Ltd, is pleased to submit this preliminary non-binding proposal (the “Proposal”) to acquire all of the common shares outstanding class A shares (the “Class A common shares”), including the US custodian shares representing the class A common shares (“ADS”, with both ADSs representing three class A common shares) of Wanda Sports Group Company Limited (the “Company”), in connection with a proposed closing transaction (the “Transaction”)
The proposed purchase price for the transaction is $ 250 per ADS in cash or $ 167 per Class A common share We currently beneficially own all of the company’s Class B common shares, representing approximately 68% of all issued and outstanding shares of the company and approximately 9101% of the total voting rights of the Company, based on the information contained in the Company’s annual report on form 20-F
We believe that our proposal offers a very interesting opportunity for holders (directly or via ADS) of Class A Ordinary Shares, especially during a period of continued COVID-19 uncertainty The proposal represents a premium of 389% over the closing price of the Company’s ADS on September 29, 2020, the last trading day preceding the date hereof, and a premium of approximately 331% over the weighted average closing price. based on the Company’s ADS volume over the last 10 trading days, respectively
The preliminary general conditions under which we are ready to proceed with the transaction are set out below We are confident in our ability to complete the transaction described in this letter
We would like to express our commitment to work cooperatively with the company to complete this transaction in a timely manner. If you have any questions regarding this proposal, please do not hesitate to contact us We look forward to hearing from you
– Co-developed a mid-to-large hydrogen fuel cell forklift truck with Hyundai Motor Company and Hyundai Construction Equipment
– Planning for its first test in Korea next year, with a target of commercialization by 2023
SEOUL, South Korea, Sept. Feb. 30, 2020 / PRNewswire / – Hyundai Mobis (KRX 012330) announced on the 29th that it has successfully jointly developed a prototype hydrogen fuel cell forklift truck with Hyundai Motor Company and Hyundai Construction Equipment and would embark on a demonstration project to assess the performance of the prototype
The developed hydrogen fuel cell forklift truck is medium to large in size which can lift up to five tons of cargo and can be operated continuously for five hours when its hydrogen fuel cell is fully charged Although high powered forklifts Small size hydrogen fuel cell designed to carry small items indoors have already been unveiled, this is actually the first time that a medium to large size hydrogen fuel cell forklift has been developed. The mid-to-large-sized hydrogen fuel cell forklift has been fitted with a mass-produced hydrogen fuel cell system by Hyundai Motor Group, the first of its kind in the world In doing so, Hyundai Mobis has successfully independently developed a fuel cell power pack optimized for hydrogen cell forklifts.
The power supply of a hydrogen fuel cell forklift serves as a generator which generates electricity for the hydrogen fuel cell forklift truck by itself, and it is a system which has built-in components , including a fuel cell, a high voltage battery, a hydrogen tank and a cooling device Since the hydrogen cell system used for automobiles could not be applied to its hydrogen cell forklift, Hyundai Mobis has developed a custom system for this
Following the development of the hydrogen fuel cell forklift truck, Hyundai Mobis and other subsidiaries are also jointly developing a hydrogen fuel cell excavator and plan to develop and introduce a prototype this year. Like the hydrogen fuel cell forklift, Hyundai Mobis also aims to bring the hydrogen fuel cell excavator currently in development to market by 2023 after going through processes such as demonstration projects and pilot projects.
Hyundai Mobis implemented mass production system for Hyundai Motor Company’s hydrogen fuel cell system and has since been striving to expand its commercial presence in the field of hydrogen fuel cells Hyundai Mobis currently has the capacity to produce hydrogen fuel cells for 23,000 cars per year and plans to expand its production capacity to 40,000 cars per year by 2022
HONG KONG, Sept.30, 2020 / PRNewswire / – TADS Awards (which stands for « Tokenized Assets & Digitized Securities Awards ») is the global award
– Co-developed a mid-to-large hydrogen fuel cell forklift with Hyundai Motor Company and Hyundai Construction Equipment – Planning its
BEIJING, seven Jan. 30, 2020 / PRNewswire / – Wanda Sports Group Company Limited (the “Company” and, with its consolidated entities, “Wanda Sports
DUBAI, UAE, seven Jan. 30, 2020 / PRNewswire / – Yalla Group Limited (« Yalla » or the « Company ») (NYSE: YALA), the leader in voice-centric social media
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World News – FI – SHOWA and Choctaw-Kaul announce & manufacturing distribution partnership to expand US Supply of PPE gloves
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