Latest news with #JamesLee
Reuters
8 hours ago
- Business
- Reuters
Texas Stock Exchange CEO says 35% of US-listed public companies would not qualify for a listing
June 5 (Reuters) - As many as 35% of the 4,600 companies now publicly traded on a U.S. stock exchange would not qualify to list on the proposed new Texas Stock Exchange, James Lee, CEO of the TXSE, told the Piper Sandler Global Exchange & Trading conference on Thursday. Among those that would not qualify, Lee said, are Chinese-based companies that do not meet "basic" U.S. listing standards. He said he expects most of the TXSE's new listings business to come from smaller and mid-cap companies. The TXSE first disclosed its plans last June and earlier this year filed seeking regulatory permission to launch, which its officials and backers have said could happen in the second half of 2025.
Yahoo
8 hours ago
- Business
- Yahoo
Texas Stock Exchange CEO says 35% of US-listed public companies would not qualify for a listing
By Suzanne McGee (Reuters) -As many as 35% of the 4,600 companies now publicly traded on a U.S. stock exchange would not qualify to list on the proposed new Texas Stock Exchange, James Lee, CEO of the TXSE, told the Piper Sandler Global Exchange & Trading conference on Thursday. Among those that would not qualify, Lee said, are Chinese-based companies that do not meet "basic" U.S. listing standards. He said he expects most of the TXSE's new listings business to come from smaller and mid-cap companies. The TXSE first disclosed its plans last June and earlier this year filed seeking regulatory permission to launch, which its officials and backers have said could happen in the second half of 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
IHG, GI Capital begin construction of Regent hotel in Kyoto
IHG Hotels & Resorts, in partnership with GI Capital Management, has revealed the start of construction on the Regent property in Kyoto, Japan, with a formal groundbreaking event. Featuring 83 rooms, the hotel is scheduled to welcome guests in 2028. It aims to offer a contemporary luxury experience while incorporating elements of the region's rich historical and cultural backdrop. GI Capital Management managing partner and CEO James Lee said: 'The groundbreaking ceremony is a special day for the team and a wonderful milestone for Kyoto. We are proud to bring the Regent brand to life, reflecting the timeless beauty of Kyoto, in this serene, beautiful and historic location in partnership with IHG. 'Complementing Kyoto's cultural and historical legacy, we are creating a truly special experience that redefines the meaning of luxury in this remarkable city.' Situated in the Okazaki area, the hotel's proximity to cultural landmarks like the Kyoto Imperial Palace, Heian Shrine, and Nanzen-ji Temple positions it as a destination for visitors. The guest rooms will offer a modern take on the traditional 'engawa' zone, allowing for a garden experience. IHG Hotels & Resorts Japan & Micronesia managing director Abhijay Sandilya said: 'It's wonderful to see the momentum behind upper luxury brand Regent globally, and today we celebrate another exciting chapter for Regent following the groundbreaking in Kyoto, the cultural capital of Japan. 'There's a strong opportunity for growth in the luxury and lifestyle segment in Japan and IHG's brands in this space, given affluent domestic and international travellers are looking for one-of-a-kind experiences, thoughtful service and the opportunity to discover new destinations.' Regent Hotels & Resorts, acquired by IHG in 2018, is set to expand its luxury footprint with the new property in Kyoto, joining other properties worldwide. These properties include Regent Hong Kong, Regent Santa Monica Beach, Regent Phu Quoc, Carlton Cannes, a Regent Hotel, Regent Shanghai on the Bund and Regent Bali Canggu. IHG currently operates 54 hotels across Japan under ten different brands and has 17 more in development. In a strategic move, IHG expanded its Vignette Collection brand into the Japanese market in April 2025, signified by the rebranding of RIHGA Royal Hotel Osaka, further solidifying its presence in the region. "IHG, GI Capital begin construction of Regent hotel in Kyoto" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Globe and Mail
4 days ago
- Business
- Globe and Mail
AXA XL targets Canadian middle market with new insurance offering
TORONTO , /CNW/ -- AXA XL is expanding insurance offerings in Canada with the official launch of its Canada Middle Market business. The announcement follows AXA XL's appointment in September 2024 of Arti Rawal as Chief Underwriting Officer – Middle Market, Canada . Ms. Rawal is charged with building the Middle Market team and developing products to support the business expansion in Canada . "We're open for business," Ms. Rawal declared. "We're excited to start working with new clients and brokers, because we know that they have a lot to gain from the multiline insurance coverage provided by our experienced underwriters and backed by AXA XL's financial strength, suite of products and risk management capabilities." AXA XL will be offering multiline coverages for middle market clients in Canada , which include property, general liability, umbrella and commercial auto. AXA XL will initially work with a limited number of brokers in British Columbia , Alberta and Ontario with plans to expand to additional broker partners in the future. James Lee , Chief Agent and Head of Client & Distribution, said AXA XL's expansion into the Canadian middle market aligns with the company's desire to be a true risk management partner and provide value beyond the insurance policy. "Risk is growing more complex for all size businesses," Mr. Lee said. "By tailoring our insurance products and services to the middle market, we can help clients that might otherwise not have the resources to better face into risk." Follow AXA XL on LinkedIn ABOUT AXA XL AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit AXA XL 'Facing into Risk' We're 'Facing into Risk'. Innovation has always kept the world moving forward, but it comes with risk. As a re/insurer, we believe that we must step up, face into risk and push the boundaries so that our clients can continue to drive progress. It is this belief that has inspired our new campaign, 'Facing into Risk'. Discover our solutions for business :
Yahoo
6 days ago
- Business
- Yahoo
Man who rented apartments for Mass. high-end brothel network sentenced to prison
A 70-year-old man from California is facing more than two years in prison for his involvement in operating brothels in the Boston area and eastern Virginia. James Lee pleaded guilty to one count of conspiracy to persuade, induce, entice and coerce one or more individuals to travel in interstate or foreign commerce to engage in prostitution; one count of money laundering conspiracy; and one count of wire fraud in February 2025, according to a Thursday announcement from the office of Leah Foley, the U.S. Attorney for the District of Massachusetts. Lee was sentenced to 27 months in prison, followed by three years of supervised release. He was also ordered to pay $569,123 in restitution in connection with fraudulently obtained COVID-19 funds and a money judgment of $63,000 connected to the proceeds he earned as a result of the prostitution conspiracy. From at least January 2022 through November 2023, Lee 'knowingly conspired' with two others, Han Lee and Junmyung Lee, to operate a network with multiple brothels in greater Boston and eastern Virginia, according to Foley's office. The three individuals, who are not related, worked together with others to launder the proceeds of the prostitution network by hiding the fact that the money was from the conspiracy. The others were not named in Foley's press release on Thursday. James Lee rented several high-end apartments in Greater Boston and eastern Virginia that were used as brothel locations and he was the 'sole and legal' tenant of at least six of these locations. Not only did he use his name to lease the apartments but James Lee would use fraudulent and sometimes stolen identities, Foley's office wrote. He was 'regularly compensated' for both leasing apartments and his travel to and from the brothel locations. Additionally, Han Lee paid James Lee about $1,000 per month for each active lease as a commission. James Lee also served as a liaison between the women working in the brothels and the property managers, fielding calls and coordinating any issues that arose related to maintenance and inspections, according to Foley's office. James Lee and the two others covered up the network's proceeds by depositing 'hundreds of thousands of dollars' into their personal bank accounts and by making peer-to-peer transfers. Additionally, the three people regularly used hundreds of thousands of dollars in cash proceeds from the prostitution business to buy money orders to cover up the source of the funds, Foley's office wrote. These money orders were used to pay for rent and utilities at the brothel locations. Starting around March 2020 and continuing through at least September 2021, James Lee submitted fraudulent information in an attempt to obtain pandemic relief loans. He used the personal identifying information of a third party to submit false loan applications and open bank accounts to accept the relief funds, according to Foley's office. James Lee fraudulently obtained at least $580,000 in loans. In March, Han Lee was sentenced to four years in prison, followed by one year of supervised release. She was also ordered to pay forfeiture for $5,418,572 and restitution in an amount to be determined at a later date, Foley's office wrote. In April, Junmyung Lee was sentenced to one year in prison, to be followed by one year of supervised release. Additionally, he was ordered to pay a forfeiture money judgment of about $200,000, which is equal to the amount of proceeds he earned during the conspiracy, according to Foley's office. Han Lee pleaded guilty in September 2024, and Junmyung Lee pleaded guilty in October 2024. Beloved New England gourmet grilled cheese brand opens new Boston spot Mass. weather: More rain coming this weekend. Here's when it's expected to be dry Red Sox prospect's fastball at 95-99 mph during 7 shutout innings Thursday Ex-Boston Red Sox players: 3 starters dominating, Xander Bogaerts has .681 OPS District 7 candidates debate land use, White Stadium at Boston forum Read the original article on MassLive.
