Latest news with #SteelPartners
Globe and Mail
6 days ago
- Business
- Globe and Mail
Steel Partners Holdings Declares Regular Quarterly Distribution On its Series A Preferred Units
Steel Partners Holdings L.P. (OTCQX: SPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $.375 per unit, payable September 15, 2025, to unitholders of record as of September 1, 2025, on its 6% Series A Preferred Units, no par value ("Series A Preferred"). Any future determination to declare distributions on the Series A Preferred, and any determination to pay such distributions in cash or in kind, or a combination thereof, will remain at the discretion of Steel Partners' board of directors and will be dependent upon a number of factors, including the company's results of operations, cash flows, financial position, and capital requirements, among others. About Steel Partners Holdings L.P. Steel Partners Holdings L.P. ( is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking, and youth sports. Forward-Looking and Cautionary Statements: This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including statements regarding future cash distributions. These statements are based on management's estimates and assumptions with respect to future events, and are believed to be reasonable, though are inherently difficult to predict. The Company cautions that these forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in these forward-looking statements. Undue reliance should, therefore, not be placed on such forward-looking statements. Any forward-looking statements contained in this announcement apply only as at the date of this announcement and are not intended to give any assurance as to future results. Except as otherwise required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances, or any other reason.
Associated Press
19-06-2025
- Business
- Associated Press
ModusLink Corporation Announces New Facility in Shenzhen, China
ModusLink Corporation has expanded its China operations with a new facility in Shenzhen. Steel Partners Holdings L.P. (OTCQX:SPLP) 'This new facility in Shenzhen allows us to scale our services within the region while staying close to our existing operations and major transportation infrastructure'— Fawaz Khalil, CEO ModusLink Corporation SMYRNA, TN, UNITED STATES, June 19, 2025 / / -- ModusLink Corporation is proud to announce the opening of a new logistics and fulfilment facility in Shenzhen, China, further strengthening its presence in one of Asia's most critical supply chain hubs. This new site is strategically located to be able to service ModusLink's customers China for China consumption. It enables ModusLink to offer fulfilment services as well as returns and repairs for the domestic Chinese market. 'ModusLink continues to invest in strategic locations that enhance our ability to support global customer needs with speed and efficiency,' said Fawaz Khalil, Chief Executive Officer at ModusLink. 'This new facility in Shenzhen allows us to scale our services within the region while staying close to our existing operations and major transportation infrastructure.' Located in LongGang District, the new site expands ModusLink's China footprint, which already includes facilities in Waigaoqiao, Chongqing, Kunshan, Futian, and other parts of Shenzhen. The facility spans over 16,000 square feet and offers a full range of supply chain services including inbound order processing, picking and handling, and outbound logistics. The LongGang facility is strategically positioned less than an hour from ModusLink's Futian site, Shenzhen International Airport, and Yantian Port, and only two hours from Hong Kong International Airport, ensuring rapid and flexible regional connectivity. About ModusLink Corporation ModusLink Corporation, a wholly owned subsidiary of Steel Partners Holdings L.P. (OTCQX:SPLP), serves the supply chain management markets. ModusLink is an end-to-end global supply chain solutions and e-commerce provider, serving clients in markets such as consumer electronics, communications, computing, software and retail. ModusLink designs and executes critical elements in its clients' global supply chains to improve speed to market, product customization, flexibility, cost, quality and service. These benefits are delivered through a combination of industry expertise, innovative service solutions, integrated operations, proven business processes, an expansive global footprint, and world-class technology. ModusLink also produces and licenses an entitlement management solution powered by its enterprise-class Poetic ® software, which offers a complete solution for activation, provisioning, entitlement subscription, and data collection from physical goods (connected products) and digital products. ModusLink has an integrated network of strategically located facilities in various countries, including numerous sites throughout North America, Europe and Asia. Calvin Tanck ModusLink Corporation +1 786-239-9879 email us here Visit us on social media: LinkedIn Instagram YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
