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Rns out

http://www.thisismoney.co.uk/money/investing/article-5952023/SHARE-PUNT-WEEK-Versarien-working-incorporate-graphene-platelets-power-storage-devices.html

Mumbai: Kishore Biyani-led Future Life-style Fashions Ltd (FLFL) on Wednesday stated it has reached a conditional settlement to purchase 29.9% stake in on-line trend retailer Koovs Plc for ₹140 crore, topic to regulatory and procedural approvals.

With this acquisition, Biyani is enjoying a major function in on-line trend. “We hope to develop into one of many largest on-line trend retailers,” Biyani, chairman and chief government officer of Future Group stated over the cellphone.

Biyani had instructed Mint in Might that he was trying to cement its pole place by collaborations and partnerships. The corporate, he had stated, was in talks with a number of the world’s greatest retailers, expertise firms and strategic buyers, together with Amazon.com Inc., the Walmart-Flipkart mix, Alphabet Inc.’s Google, Chinese language companies akin to Tencent Holdings Ltd and Alibaba Group Holding Ltd, and even Japan’s SoftBank Group Corp., because it appears at pursuing progress. Nevertheless, Biyani didn’t give an replace on these talks.

The Koovs acquisition might be funded by inside accruals and the cash it had raised in Might from Singapore-based personal fairness agency L Catterton Asia. The corporate had then stated that the funding of roughly ₹800 crore made by L Catterton is probably going to assist it achieve “world trend and retail experience” to additional increase its enterprise.

FLFL owns and sells about 30 trend manufacturers by unique model retailers, shops and multi-brand retailers, in addition to company-operated chains akin to Central and Model Manufacturing facility. The style and attire retailer collectively operates greater than 400 shops unfold over 6 million sq ft.

The AIM-listed India-focused on-line trend retailer Koovs runs an inventory-led mannequin. It provides its personal label aside from worldwide manufacturers and unique type collaborations. The merchandise from Koovs will now retail at FLFL’s retail chains like Central and Model Manufacturing facility. Furthermore, even FLFL’s manufacturers might be bought on-line on Koovs, Biyani defined.

Biyani, nonetheless, didn’t share particulars on additional investments deliberate to develop the net retail enterprise. “It’s too early,” he stated.

Presently, Flipkart-owned Jabong-Myntra dominate the net trend area. Nevertheless, Flipkart operates underneath {the marketplace} mannequin. Walmart Inc. has proposed to accumulate the home-grown etailer for $16 billion. The acquisition, if profitable, will see the world’s largest brick-and-mortar retailer having a bigger on-line presence in India. It’s going to additionally launch extra offline retail shops with personal labels enjoying a bigger function in segments akin to trend and digital equipment.

Future Group is amongst India’s main shopper items firms with manufacturers and retail networks in trend, meals and homeware segments. It owns over 60 manufacturers, operates near 2,000 retail shops spanning over 22 million s

Daily Mail

Over in the more glamorous world of fashion retail, Koovs, dubbed the Asos of India, continued its stellar upwards trajectory as it updated the market on its fundraising process.

It revealed that Indian retailer Future Lifestyle Fashions, part of Future Group which owns more than 60 brands and operates close to 2,000 stores, had agreed to grab a 29.9 per cent stake in the firm.

Koovs said it would issue Future with just under 57.9m shares worth 10p each, raising £5.8million.

It also added that it would raise up to a further £10million by offering more to investors at 15p apiece. Koovs chairman Lord Alli has committed to invest £1.5million.

Analyst Jason Streets, of Hardman & Co, added: ‘With Koovs leveraging Future Lifestyle Fashions’ scale and distribution, this should improve its revenue and margins much faster.’

I remember investing in solg at 2p,they were coming out with rns after rns about good grades,but the share price Was not doing much,then all of a sudden boom up it went,now around the 30p mark,the key to this game is Patience

Mmm!!surely should be more

TH Crestgate is currently selectively testing core from other holes drilled in the LS-1 historical resource area. The completed drill program's objective is to expand the existing historical 4.5 million tonne resource. TH Crestgate expects to be reporting further assays for indium and selenium after reporting zinc, lead, copper, gold and silver contents, as they require a separate assaying process.

http://m.londonstockexchange.com/exchange/mobile/news/detail/13417525.html

Someone knew this was coming!Exciting run up to christmas.Gla

27 mill in bank

So they paid 2 mill for an extra 5 per cent so this means that da is worth 40 million and tern stake worth 25? Or am i misssing something

New Group Name and Rebranding The Board believes that the proposed name change to BNN Technology, and rebranding that will follow, reflects the Chinese heritage and identity of the Group, as well as the completion of its transformation from lottery specialist to broad-based technology platform provider, with capabilities in mobile payment facilitation, mobile content and data management. The name change has been timed to take place ahead of the Group's secondary listing on NASDAQ and it will promote a single identity to all of its stakeholders in China, the US, the UK and beyond. A circular has been posted today to Shareholders to convene a general meeting to vote on and, if thought fit, approve the resolution proposing the change of name. The circular will be made available shortly on the Company's website and will provide the necessary information to Shareholders on how they can vote. The general meeting will take place at the offices of Eversheds LLP, One Wood Street, London, EC2V 7WS on 7 October 2016 at 1 p.m. As part of our re-branding, we are launching a new mission statement which is below. We are also launching a new website which is due to be launched by mid-November. New Mission Statement: "Our mission is to enrich the lives of Chinese consumers, by utilising our technology to enable our partners to deliver first class value added services, content and new and evolving opportunities. Alongside our partners we are committed to the betterment of Chinese citizens by delivering practical services, information and social participation programmes. We are at the centre of the Chinese consumer's shift to a cashless society accelerated by mobile adoption. At our core, we are a technology company that processes high volumes of transactions and delivers content. We have diversified our platform to process transactions and deliver content for partners ranging from public utility providers to banks, and online portals. The Chinese consumer shift to 'life on mobile' is only just beginning. We aspire to enrich the lives of Chinese citizens and grow with China and our public and private sector partners by enabling more rural and urban communities across the country to access exclusive content and pay for more services online." NewNet strategic investment in Xinhuatong and Repositioning Beijing NewNet Science & Technology Development Co., Ltd ("NewNet") has agreed to acquire a 10% stake in Xinhuatong Network Co., Ltd. ("Xinhuatong"). Xinhuatong is a software development company and has the exclusive rights for payment processing and other key services on the Xinhua News mobile app. Mr Dong Jinhua, a director of the Company, is also founder and CEO of Xinhuatong. The key elements of the investment comprise: · A RMB 20m cash payment by NewNet (approximately GBP 2.3 million) · The transfer of NewNet's lottery assets, including technology, existing lottery J

2016 DJI Holdings plc PROPOSED RE-BRANDING AND STRATEGIC INVESTMENT Repositioning of the Group, reflecting its strategy to become one of the leading mobile technology providers in China · DJI Holdings proposes name change to BNN Technology plc · NewNet, which represents DJI's technology platform and marketing resources in China, has agreed to acquire a 10% stake in its joint venture partner Xinhuatong and transfers its lottery assets into the Xinhuacai joint venture · Investment in Xinhuatong by NewNet offers DJI potential involvement in both the sizeable and lucrative payment processing industry in China, through its exclusive technology provider relationship, and other high growth sectors it operates in · Rebrand and repositioning intended to reflect the Group's Chinese identity and cultural heritage and the Group's evolution into a technology provider in large high growth markets in China; timed to take place ahead of secondary listing on Nasdaq · Nasdaq application to follow shortly after name change takes affect · Intention for company industry classification to be re-classified with higher growth peer group on Nasdaq and AIM DJI Holdings plc (AIM: DJI, "the Group", "DJI"), the Chinese technology, content and services provider, is pleased to announce a proposed rebranding and change of name to BNN Technology plc. The Group will seek shareholder consent for the change at a general meeting that will take place on 7 October 2016. The proposed change in name reflects the broader changes this year in the Group, which has seen DJI Holdings diversify its model to become a dynamic technology platform provider that can facilitate mobile payments, deliver mobile content and provide data management to consumers throughout China, while preparing for a dual-listing on Nasdaq. In addition, NewNet is making a cash and asset investment to acquire a 10% shareholding in its important trading partner Xinhuatong, the exclusive provider of mobile payments, information and other key services to the Xinhua News Mobile App owned by China's national news agency. NewNet will transfer its lottery assets into its Xinhuacai joint venture with Xinhuatong. DJI, as the technology platform provider to NewNet, is expected to benefit from enhanced revenues and profits as a result of NewNet's stronger partnership with Xinhuatong. Darren Mercer, Chief Executive of DJI Holdings, said: "Now is the right time to begin building a new brand, with the BNN Technology name, as we broaden from lottery specialist to payment fulfilment, content-delivery, data management and value-added services on mobile internet. We believe completing the pivot to a technology company will add substantial shareholder value as we enter high growth, multi-billion dollar markets in China. "We are also tremendously excited about the opportu

Could this be the man https://www.theguardian.com/business/2016/mar/21/axa-henri-de-castries-resigns-fuelling-hsbc-speculation