Abu Dhabi Royal's Firm Is Said to Seek Buyers for Cooling Unit
The investment firm is working with Standard Chartered Plc on the sale of PAL Cooling Holding, according to people familiar with the matter. The owners are seeking about $1 billion for the unit, the people said, asking not to be named as the information is private.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Upcoming Stock Splits This Week (August 18 to August 22)
These are the upcoming stock splits for the week of August 18 to August 22, based on TipRanks' Stock Splits Calendar. A stock split boosts the number of shares each investor holds, but the company's overall market value remains exactly the same. The effect is a lower share price, which often makes the stock more affordable and appealing to retail investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Traditional stock splits are designed to broaden a stock's accessibility by reducing its price per share. But some companies take the opposite route through a reverse stock split. In this case, shares are consolidated rather than divided, reducing the total count and raising the price per share. The company's overall market value remains unchanged, but this tactic is often a lifeline, helping firms stay in compliance with exchange rules, like Nasdaq's minimum price requirement, and sidestep the risk of delisting. Whether the goal is to attract new investors or maintain compliance, these strategic actions send signals that seasoned traders are quick to watch for. Let's take a look at the upcoming stock splits for the week. Salarius Pharmaceuticals (SLRX) – Salarius is a clinical-stage biopharmaceutical company focused on developing therapies for cancer and anemia. On August 14, the company announced a 1-for-15 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The split took effect on August 15, with split-adjusted trading beginning on August 18. Entero Therapeutics (ENTO) – Entero, a clinical-stage biopharma focused on targeted, non-systemic gastrointestinal (GI) therapies, is taking steps to secure its Nasdaq listing. On August 14, the company unveiled plans for a 1-for-3 reverse stock split, a move designed to keep its shares in compliance with exchange rules. The adjustment becomes effective August 18. Chanson International Holding (CHSN) – China-based Chanson International operates bakery chains and sells packaged bakery products, frozen dough, and other food items across domestic and international markets. On August 18, the company will implement an 80-for-1 reverse split to get back in line with Nasdaq's minimum bid price rule. LanzaTech Global (LNZA) – LanzaTech Global uses gas fermentation technology to capture carbon emissions and convert them into sustainable fuels and chemicals, partnering with major industrial players worldwide. The company announced a 1-for-100 reverse stock split to meet Nasdaq listing standards, with the split taking effect on August 18, and split-adjusted trading beginning on August 19. GIBO Holdings (GIBO) – GIBO Holdings, headquartered in Singapore, operates an AI-driven animation and entertainment streaming platform that produces and distributes original content while also offering digital media services. The company announced a 200-for-1 reverse split to streamline its capital structure and stay in line with listing requirements, with the split taking effect on August 20. Azitra (AZTR) – Azitra is a clinical-stage biotech company developing genetically engineered therapies and live biotherapeutics for dermatological conditions such as eczema and rare skin diseases. The company announced the 1-for-6.66 reverse stock split in order to bring its share price back above NYSE American's minimum bid requirement, effective on August 21, 2025.
San Francisco Chronicle
6 hours ago
- San Francisco Chronicle
Newly promoted Ligue 1 side Paris FC signs striker Geubbels from St. Gallen
PARIS (AP) — Newly promoted Ligue 1 side Paris FC signed striker Willem Geubbels from Swiss team St. Gallen on a five-year contract on Sunday. Paris FC announced the signing with a video posted on X. No transfer fee was given but French sports daily L'Équipe said Geubbels cost 9 million euros ($10.5 million) with a further 2.5 million euros in eventual bonuses. The 24-year-old Geubbels came through Lyon's famed youth academy but hardly played for the club before joining Monaco. He scored one league goal there and two for Nantes before joining St. Gallen in 2023, where he scored 14 league goals last season. Paris FC has large funds at its disposal since its takeover by France's richest family, the Arnaults of luxury empire LVMH. The energy drink giant Red Bull acquired a minority stake. For the first time in 35 years two Paris-based soccer clubs are in Ligue 1. Furthermore, Paris FC has changed its home stadium since being promoted and will play at Stade Jean-Bouin, which is literally across the street from defending champion Paris Saint-Germain's Parc des Princes stadium. ___
New York Post
7 hours ago
- New York Post
Offbeat NYC graffiti tour survives despite predicted drop in foreign tourism thanks to visitors from this country: ‘They're obsessed with street art'
These tourists see the writing on the wall. French art lovers are flocking to industrial Brooklyn in droves for quirky walking tours of warehouses sprayed with graffiti and street art. Advertisement The niche fascination is still going strong despite a major industry group projecting a nearly 20% drop in overall foreign tourism to the Big Apple this year. 5 Audrey Connolly of Graff Tours leads a tour of street art and graffiti in Bushwick, Brooklyn. Stephen Yang 'There are so many people in France that are obsessed with graffiti and street art: It's been a huge part of our business for years,' Bushwick-based Graff Tours tour guide Audrey 'Byte' Connolly told The Post. Advertisement Connolly, who has led walking tours of the hipster neighborhood's urban art for nearly a decade, attributing trailblazing cultural similarities in New York and Paris for the grand amour. As tour guides across the city report an absence of usual visitors from Canada, Australia, Germany and other nations — possibly over political boycotts and tariff-related economic fears — French tourists are largely unbothered, Connolly said. 'They're obsessed with street art — hopefully, they keep coming.' 5 Connolly leads a group of tourists — two French families and one group from Kansas City, Missouri — on a tour through industrial Bushwick. Stephen Yang Advertisement Germans and Israelis — who also represent large swaths of Graff Tour patrons — have not booked nearly as much this year, and school groups from Canada and China have also dwindled, Connolly said. Antoine Jacquet, a 23-year-old Graff Tours customer from Dijon, France, said its been more difficult to clear immigration hurdles under the Trump administration. But he was able to make the overseas trip himself, and even predicted foreign tourism will 'probably pick up with the new mayor Zohran [Mamdani],' referring to the Democratic mayoral nominee, a socialist, because 'his policies are more based out of Europe than to America.' New York City Tourism + Conventions, the city's tourism authority, recently said that some 2 million fewer visitors from other countries are expected to make the trip to the Big Apple in 2025, a loss of roughly $4 billion in foreign tourism dollars. Advertisement August is typically one of the busiest months for tours, Connolly said, but during weeks this year when she would've typically been working for seven days straight, she's spent entire days off without a booking. 'Tourism has big-down market effects: it affects hotels, it affects small businesses, it affects [the] local economy,' said Graff Tours president Gabe Schoenberg. The impact has been felt in trendy Bushwick, from thrift shops to restaurants that cater to Euro families in the hipster shopping district, added Schoenberg. 5 Antoine Jacquet, 23, of Dijon, France, expects that tourism to the US will tourism will 'probably pick up with the new mayor Zohran [Mamdani].' Stephen Yang As French tourism to the biz remains strong, Schoenberg still reports a roughly 10% drop in overall foreign visitors since last year — and is now trying too woo domestic tourists and locals with targeted social media ads. 'We did better this year with domestic tourism than years past,' he said. But 'a lot of domestic tourists don't see [graffiti] as art,' Connolly said. 'They're being told to fear New York and everything about it.' Schoenberg also attributed the reluctance of foreign tourists to visit New York City to 'backlash' over President Trump and his policies, as well rising transportation and food costs and fears over tariff-related price increases. Advertisement 'Even for a New Yorker, prices are going up and prices are going up exponentially,' he said. 'But locally, either exemptions for tourism or some type of incentive for tourism could also help.' 5 While French tourism remains steady, Graff Tours has still seen a roughly 10% drop in overall foreign visitors since last year — and is now trying too woo domestic tourists and locals. Stephen Yang 5 Graffiti writer The Ghostface Mims teaches a workshop at Graff Tours. Stephen Yang Advertisement The president of the tour company — which has a Los Angeles outpost as well — attributed diversity in its offerings as its key to staying afloat in uncertain times. Aside from industrial walking tours, Graff Tours' Bushwick site also offers spray painting classes and has hosted corporate events for the likes of Meta, L'Oréal and even hosted an influencer-filled launch party for Samsung this summer. 'The class revenue is significant compared to the tour revenue,' Schoenberg said. 'If I was relying on tours in general, I don't think I would still be in business.'
