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Associated Press
4 days ago
- Business
- Associated Press
Update on the Simplified Tender Offer and Squeeze-out on NHOA
TAIPEI, Taiwan--(BUSINESS WIRE)--Jun 1, 2025-- Reference is made to the simplified tender offer (the Offer) and squeeze-out transaction completed on December 10, 2024, by TCC Europe Holdings B.V. (formerly known as Taiwan Cement Europe Holdings B.V.) (TCEH), an indirect subsidiary of TCC Group Holdings Co., Ltd (TWSE: 1101), on the shares of NHOA S.A. (NHOA), pursuant to the clearance decision ( conformité ) of the French Autorité des marchés financiers dated November 5, 2024 (AMF Notice no. 224C2193). Former NHOA shareholders are hereby informed that NHOA Corporate S.r.l. (NHOA Corporate) has exercised its put option to sell its stake in Free2Move eSolutions S.p.A. (F2MeS) to Stellantis Europe S.p.A. (Stellantis) on June 1, 2025, as further detailed in Section 2.2.1 of the Offer document. Consequently, pursuant to the terms of the Offer document, NO conditional price supplement ( complément de prix conditionnel ) of EUR 0.65 per NHOA share (the Conditional Price Supplement) is payable to the holders of the financial securities materializing the rights to the Conditional Price Supplement (the Financial Securities). Holders of the Financial Securities will be informed of the completion of the sale of NHOA Corporate's stake in F2MeS to Stellantis by means of a financial notice via Euroclear France. The Financial Securities, which are admitted to the operations of Euroclear France, will lapse on June 3, 2025. Ledouble, acting as independent expert for the purposes of the Offer, has been informed of the exercise of NHOA Corporate's put option. View source version on Francesca Sorgoni, HEAD OF CORPORATE GOVERNANCE AND E&C, +39 0230552981 KEYWORD: TAIWAN ASIA PACIFIC INDUSTRY KEYWORD: GREEN TECHNOLOGY ENERGY ENVIRONMENT SUSTAINABILITY UTILITIES SOURCE: NHOA Copyright Business Wire 2025. PUB: 06/01/2025 02:00 PM/DISC: 06/01/2025 02:01 PM
Forbes
14-05-2025
- Business
- Forbes
Thai Billionaire's Frasers Property Offers To Take Hotel REIT Private For Second Time In $1 Billion Deal
Frasers Property—controlled by Thai billionaire Charoen Sirivadhanabhakdi—is seeking to take Frasers Hospitality Trust private for a second time in almost three years in a deal valuing the Singapore-listed real estate investment trust at S$1.37 billion ($1 billion). Under the deal, which is subject to regulatory approvals, Frasers Property is offering to buy the rest of the REIT that it doesn't own at S$0.71 per share, according to a regulatory filing on Wednesday. 'The decision to propose this scheme was not taken lightly,' Eric Gan, CEO of Frasers Hospitality's manager, said in a statement. 'It reflects our commitment to act in the interests of our stapled securityholders amid structural challenges and an increasingly complex global environment.' Frasers Property first attempted to take Frasers Hospitality private in June 2022 when it offered S$0.70 apiece but it failed to get enough votes from minority shareholders. About 74.9% of shareholders accepted the previous offer, falling short of the 75% threshold required by regulators. Since then the macroeconomic situation has worsened amid higher interest rates and foreign exchange volatility, That's made it more challenging for Frasers Hospitality to boost dividends and the REIT's net asset value, the company said. Frasers Property owns about 24.2% of the REIT, while Charoen's TCC Group holds 36.7% and minority shareholders own the rest, according to Frasers Hospitality's latest annual report. Listed on the Singapore Exchange since July 2014, Frasers Hospitality owns 14 properties with a total of more than 3,400 rooms across eight hotels and six serviced residences in nine major cities in Asia, Australia, and Europe. The S$2 billion property portfolio includes InterContinental Singapore, Novotel Sydney Darling Square, and The Westin Kuala Lumpur. With an estimated net worth of $11.2 billion based on Forbes' real-time data, Charoen is among the wealthiest in Thailand. In addition to his controlling stake in Frasers Property, he also has interests in Thai Beverages (maker of Chang Beer), property developer Asset World, and the Big C Supercenter retail chain.
Yahoo
27-03-2025
- Business
- Yahoo
New Report Reveals the Corporate Blind Spot: Measuring Social Impact
Impact Metrics Are the New Business Currency — So Why Aren't Companies Investing? NEW YORK, March 27, 2025 /PRNewswire/ -- TCC Group and The Corporate Measurement & Evaluation (M&E) Community of Practice (CoP) have released their highly anticipated 2025 benchmarking report, Understanding the Emerging Field of Evaluation in Corporate Social Good, providing a comprehensive analysis of social impact measurement and evaluation within the corporate sector. Drawing insights from 30 influential companies—including Fortune 500 giants, global industry leaders, and cutting-edge innovators across pharmaceuticals, banking, healthcare, consumer goods, and professional services—this report offers valuable data to help organizations enhance their social responsibility strategies. The Business Case for Corporate Social Impact Evaluation Supporting Strategic Decision-Making: Data-driven insights help ensure corporate social investments align with broader business objectives. Enhancing Brand Reputation: Transparent and effective evaluation fosters trust and credibility among consumers, investors, and stakeholders. Boosting Employee Engagement: Companies that effectively measure and communicate their social impact often see higher employee satisfaction and retention, as purpose-driven work increasingly influences workplace culture. Key Findings from the Report Include Strong Support, Limited Investment: 61% of C-Suites express strong support for evaluation, but only 29% of companies feel adequately funded in this area. Evaluation Staffing Gaps: Only half of the companies surveyed have a dedicated full-time evaluator, leading to potential inconsistencies in measurement practices. Growing Creativity in Evaluation Approaches: Companies increasingly involve nonprofit partners in defining success indicators, though these practices remain in the early stages. Need for Strategic Reflection: While 62% of companies share evaluation findings internally, only 38% engage in deliberate learning and reflection on these insights. "As corporate philanthropy, CSR, and ESG initiatives gain prominence, robust evaluation practices are critical to maintaining accountability, credibility, and impact," said Jared Raynor, Director of Evaluation and Learning at TCC Group and CoP Facilitator. "This report serves as both a benchmark and a call to action for companies to invest more strategically in their evaluation efforts." Read the full report: Understanding the Emerging Field of Evaluation in Corporate Social Good TCC Group is a mission-driven consulting firm and certified B Corporation with over 40 years of experience partnering with foundations, companies, and nonprofits to address complex social challenges. The Corporate M&E CoP fosters collaboration among professionals leading social impact measurement efforts is facilitated by TCC Group and Raya Cooper Impact Consulting. Raya Cooper Impact Consulting is a woman-owned boutique firm that specializes in actionable impact strategies, storytelling, and community-building. Media ContactClaire SchultzDirector of Marketing and CommunicationsTCC Groupcschultz@ View original content to download multimedia: SOURCE TCC Group Sign in to access your portfolio
