Funds & Equities Archives

OctoHorizon: Where Engineering Shapes the Future of Trading

OctoHorizon is expanding its engineering and research teams for low-latency trading systems in global markets.

Octo Horizon, a proprietary trading firm specializing in high-frequency trading (HFT), is advancing the next generation of trading infrastructure – where engineering excellence, low-latency systems, and high-performance software drive measurable results.

octo-horizon-high-performance-infrastructure

Engineering-driven infrastructure at Octo Horizon powers next-generation trading technology.

The firm approaches trading as a large-scale engineering challenge, focusing on optimizing system performance, network throughput, and execution speed. Engineers at Octo Horizon work on cutting-edge infrastructure using C++, concurrency design, and deterministic architectures to ensure reliable, predictable operation under demanding conditions. Kernel-bypass networking, lock-free data structures, and real-time analytics are among the tools applied to reduce latency and maximize efficiency.

Engineering at the Core
Engineering precision is central to Octo Horizon’s philosophy. Teams collaborate on high-performance software, distributed systems, and real-time data processing, tuning every layer – from network drivers to execution logic – to achieve optimal performance. Continuous benchmarking, profiling, and performance analysis are embedded in the development workflow to maintain stable, predictable results.

Developers also engage in rigorous testing frameworks, including unit, integration, and stress testing, to validate system reliability under peak load conditions. Tooling for monitoring, logging, and performance visualization is integrated into the workflow, allowing engineers to identify bottlenecks and optimize system throughput at the nanosecond scale.

Technology Philosophy
For Octo Horizon, trading is a technical pursuit. The firm emphasizes simplicity, reproducibility, and system-level optimization, solving complex problems in low-latency networking, asynchronous processing, and event-driven architectures. Teams design modular, maintainable systems that scale efficiently and adapt to evolving market conditions, while minimizing resource overhead.

Real-time decision-making and deterministic behavior are central, with every system component evaluated for latency, concurrency, and stability. This approach ensures that the firm’s technology remains reliable, resilient, and capable of supporting high-throughput electronic markets.

Culture and Collaboration

Octo Horizon fosters a collaborative and innovation-driven environment. Engineers, systems developers, and quantitative researchers work closely across disciplines to exchange ideas, review designs, and refine implementations. Autonomy, technical curiosity, and attention to detail are highly valued, creating a culture where individual expertise drives measurable impact and continuous improvement.

Opportunities for Engineers and Researchers
Octo Horizon is expanding its technology and research teams and is actively hiring for the following positions:

Quantitative Researcher
Software Engineer
DevOps Engineer

Candidates passionate about high-performance computing, distributed systems, and low-latency software are encouraged to apply. The firm offers an environment that rewards technical mastery, curiosity, and innovation – with the opportunity to work on challenging real-world problems with visible results.

For more information and to apply, visit https://www.octo-horizon.com/jobs

Contact Information
Media Octo Horizon
service@octo-horizon.com

SOURCE: Octo Horizon

Oman Hosts the Oman Investment Forum 2025 in the United Kingdom

Reform Metrics and Global Outlook Underpin London Gathering

The Sultanate of Oman, represented by the Ministry of Finance in cooperation with the Ministry of Foreign Affairs, held the Oman Investment Forum 2025 in London to deepen financial, investment, and economic cooperation between the two nations. The event underscored the strategic weight of the Oman-UK partnership and the role of the Strategic Advisory Group (SAG), established in 2018 as the institutional mechanism through which the two countries coordinate investment, fiscal reform, and economic-diversification strategy.

Oman enters this year’s forum with one of the strongest fiscal positions in the region. Foreign Direct Investment (FDI) reached USD 78.8 billion by the end of the second quarter of 2025, a 12.8 percent increase compared to 2024. Inflows during the first half of 2025 totalled USD 8.8 billion, reflecting rising international confidence.

Omani officials opened the forum by highlighting progress in stabilizing public finances and diversifying the economy. The government’s fiscal discipline has sharply reduced public debt from 68 percent of GDP in 2020 to 34 percent in 2024, cutting debt-service costs by over 12 percent from peak levels. Nasser Al Jashmi, Chairman of the Tax Authority and Head of the Omani Delegation to the Strategic Advisory Group, presented “Pathways to Oman’s Financial Stability,” outlining key reforms in public finance and debt management that have strengthened the country’s fiscal resilience and global credit standing. He said, “The historical Omani-UK relations stand as a pillar of friendship and shared prosperity. This forum is a testament to the strong and enduring partnership between our two countries within the framework of the Strategic Advisory Group (SAG). The UK is currently the largest foreign investor in the Sultanate’s economy, accounting for 51.2% of total FDI, which emphasizes the importance of this forum in enhancing the growth of investments between the two countries and global investment collaboration.”

H.E. Mahmood Al Aweini, Secretary-General of the Ministry of Finance and Supervisor of the National Program for Fiscal Sustainability and Financial Sector Development (Estidamah), said: “This forum showcases the renewed international confidence in Oman’s economy and financial strength, with the presence of leading financial institutions and investment funds. This event comes after a bold journey of achievements in the public finance reform, which led to milestones in developing its financial system and managed to turn financial challenges into successes. The UK has been and continues to be a key strategic partner in achieving our mutual investment and economic interests. As we are heading into a diversified, competitive, and sustainable future, we look forward to continuing to strengthen this partnership towards the prosperity of both nations.”

He stated that “the public debt-to-GDP ratio fell from 68% in 2020 to 34% in 2024, which reduced debt service costs by more than 12% from their peak levels since 2020.”

In the first panel discussion, H.E. Ahmed Al Musalmi, Governor of the Central Bank of Oman, and H.E. Mahmood Al Aweini discussed “Financing Growth: Reforming Oman’s Financial Sector,” highlighting initiatives to strengthen the financial and banking sector and the role of debt instruments in financing growth.

H.E. Al Musalmi said: “This forum represents a pivotal moment – transforming over two centuries of Omani-British partnership into a structured platform for resilient, diversified growth. Strategically positioned at the crossroads of Asia, the Middle East, and Africa, Oman offers seamless access to over 2.5 billion consumers – powered by world-class ports, free zones, and integrated supply chains. Our shared ambition is clear: scale investable opportunities, strengthen climate and supply-chain resilience, and generate high-quality jobs – positioning Oman as a competitive regional hub and delivering enduring value for both nations.”

Mulham Al Jarf, Deputy President for Investment at the Oman Investment Authority (OIA), participated in a panel on “Advancing Oman’s Capital Markets in a Global Context.” He noted that the OIA has implemented multiple initiatives to expand the Muscat Stock Exchange since assuming ownership in 2021, achieving record growth and trading figures. He added that OIA’s participation in the forum underscores its strategic partnerships, contribution to attracting foreign investment, and its position as a partner of choice for global investors.

The forum, convened at the invitation of Sohar International Bank and HSBC, brought together senior representatives of global investment funds, financial institutions, and private-sector leaders to explore cross-border opportunities and bilateral collaboration. Parallel sessions addressed fiscal innovation, capital-market reform, and public-private investment mechanisms aligned with Oman Vision 2040. The meetings precede the thirteenth session of the Oman-UK Strategic Advisory Group, scheduled from 23 to 24 October in Cardiff, further cementing the long-standing financial and economic partnership between the two countries.

Contact Information
Assim Al Saqri
Marketing & Media Director
assim@strategylaboman.com
0096892309193

SOURCE: Strategy Lab Oman

AGFA HealthCare Strengthens Market Position in KLAS Enterprise Imaging Report 2025

AGFA HealthCare has been recognized by KLAS Research for significant satisfaction gains. Customer satisfaction with AGFA’s Enterprise Imaging VNA and XERO® Viewer has increased significantly over the past 18 months, with both solutions named Best in KLAS 2025 winners.

KLAS Report – Enterprise Imaging 2025

Report highlights:

Significant Gains: customer satisfaction with AGFA’s VNA increased by 13 points on a 100-point scale over the past 18 months – the largest improvement in the segment. Both VNA and Viewer were named Best in KLAS 2025 winners.
Top Scores: XERO® Viewerachieved a 90.0 score, and the Enterprise Imaging VNA reached 87.4 points.
Customer Endorsements: respondents praised AGFA for better QA and upgrades, stronger EHR integration and web viewing, and more open dialogue. Customers also noted improved responsiveness, executive check-ins, and proactive account teams.
Future Outlook: customers are optimistic about the roadmap, with particular confidence in cloud and AI developments.

In September 2025, one interviewed customer – from a position of Chief of Radiology – said:

“AGFA HealthCare’s support and overall customer service are getting better, and we are seeing AGFA HealthCare becoming more involved. They seem to be cleaning up some of the challenges they have had in years past and looking ahead with cloud and AI. We have talked with them about their RUBEE platform, and while I am not sure what the future holds, it is good to see the direction they are going.”

A PACS Administrator interviewee, commented in September 2025.

“The market is moving toward the cloud, though I don’t know that we are ready to make that jump. It is early to say, but I can see us looking at disaster recovery and maybe more things down the road. AGFA HealthCare has been good at talking with us about our path and sharing what they are doing. It doesn’t feel like those conversations are from a sales point of view. It is more that AGFA HealthCare is making sure we know our options. They have also talked about AI and the platform, and we will explore that as we start to add AI in the future.”

Discover the next generation of Enterprise Imaging. Meet our team at RSNA 2025 and experience how AGFA HealthCare’s award-winning solutions and “flow” can transform imaging in your organization.

Learn more in the KLAS Enterprise Imaging 2025 Report.

About AGFA HealthCare

At AGFA HealthCare, we are transforming the delivery of care – supporting healthcare professionals across the globe with secure, effective, and sustainable imaging data management. As a company, we are dedicated to our customers, and we have harnessed a value framework of Mission, Vision and Customer Delivery Principles into our routine operations. Through these principles, we commit a consistent high-yield code of conduct to our associates – channeling our experience and aspirations to all of our stakeholders. Our Empowerer profile supports our focus on creating an exceptional experience through the power of technology and is an integral foundation to our company standards. AGFA HealthCare is a division of the Agfa-Gevaert Group. For more information on AGFA HealthCare, please visit www.agfahealthcare.com and follow us on LinkedIn.

AGFA and the Agfa rhombus are registered trademarks of Agfa-Gevaert N.V. Belgium or its affiliates. XERO and RUBEE are registered trademarks of AGFA HealthCare NV or its affiliates. All rights reserved. Best in KLAS is a registered trademark of KLAS Enterprises, LLC. All information contained herein is intended for guidance purposes only, and the characteristics of the products and services described in this publication can be changed at any time without notice. Products and services may not be available for your local area. Please contact your local sales representative for availability information. AGFA HealthCare diligently strives to provide as accurate information as possible but shall not be responsible for any typographical error.

Contact Information
Jessica Baldry
Global Marketing & Communications Manager, AGFA HealthCare
jessica.baldry@agfa.com
+44 7583 203971

Kara Clarke
Director of Marketing North America
kara.clarke@agfa.com

Viviane Dictus
Corporate Press Relations
viviane.dictus@agfa.com
+32 3 444 71 24

SOURCE: AGFA HealthCare

Pacific Avenue Capital Partners Advances European Strategy with Team Expansion and Dedicated Sidecar Vehicle

Pacific Avenue Capital Partners (Pacific Avenue), a global private equity firm specializing in corporate carve-outs and complex transactions, today announced key milestones in its European expansion. Less than a year after opening its Paris office and appointing Xavier Lambert as Head of Europe, the firm has built a high-caliber team with full execution capabilities. It has also expanded its presence across the region and raised a dedicated sidecar vehicle to support investments in new platforms throughout Europe.

Since Mr. Lambert’s arrival in late 2024, Pacific Avenue has added seven professionals in Europe across M&A, business development, operations, and administration. In addition to its Paris office, the firm now has team members in London and Zurich, enhancing its ability to source and support transactions across the continent. The team’s diverse experience positions the firm to navigate complexity and drive value across a broad range of European opportunities.

Among the recent additions are three professionals who bring deep functional expertise and strengthen Pacific Avenue’s capabilities in key European markets.

Damien Faujour joins Pacific Avenue as a Vice President based in Paris, where he focuses on deal sourcing, execution, and portfolio operations. He was previously a Vice President at OpenGate Capital and began his career in restructuring and leveraged finance at Houlihan Lokey.

Sebastian Reinecke joins Pacific Avenue as a Vice President of Operations based in Zurich. He was previously an Associate Director of Corporate Development, M&A, Strategy & Transformation at Solenis.

Pierre Chapuis joins Pacific Avenue as a Vice President of Business Development based in London, where he is focused on origination efforts across Europe. He was previously a Vice President at Mimir Invest, where he worked on sourcing complex investment opportunities, with an emphasis on corporate carve-outs.

Additionally, the team is supported by an Associate, Nicola del Dot, and Analyst, Patrick Clair, focused on M&A, as well as an office manager, Stephanie Cayla. The European team brings a strong set of sourcing, execution, and operational capabilities to Pacific Avenue’s growing European platform.

“I am proud of the exceptional team we have built in Europe in such a short period of time. With the collective expertise across Europe and North America, alongside the dedicated capital to deploy in Europe, our focus is on being the preferred solution for corporate sellers and management teams across the region, unlocking value, and driving sustainable growth.”

– Xavier Lambert, Head of Europe, Pacific Avenue Capital Partners

The firm’s growth in Europe is further underscored by the successful raise of a European sidecar vehicle alongside its recently closed second institutional fund. On August 12, 2025, Pacific Avenue announced the closing of over $1.65 billion in committed capital across Fund II and a European sidecar dedicated to pursuing new platform investment opportunities across the continent.

“Our expansion in Europe marks a pivotal step in our evolution as a global leader in complex transactions and corporate carve-outs. In under a year, we have built a highly experienced team and laid the groundwork to build a successful franchise in Europe. The strength and depth of our European platform enables us to execute with speed and certainty, reinforcing our position as the go-to partner for corporate carve-outs worldwide.”

– Chris Sznewajs, Founder and Managing Partner, Pacific Avenue Capital Partners

With a fully staffed team, growing market presence, and dedicated capital, Pacific Avenue is now firmly positioned to continue to build on its momentum as it executes its strategy of transforming businesses and being a solution provider to sellers globally.

About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners is a global private equity firm, headquartered in Los Angeles with an office in Paris, France. The Firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the Firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has approximately $3.8 billion of Assets Under Management (AUM) as of August 31, 2025 (based on Q2 2025 valuations presented pro forma for the Fund II and sidecar closings). The members of the Pacific Avenue team have closed over 120 transactions, including over 50 corporate divestitures, across a multitude of industries throughout their combined careers. For more information, please visit www.pacificavenuecapital.com.

CONTACT:
Chris Baddon
Principal
cbaddon@pacificavenuecapital.com

SOURCE: Pacific Avenue Capital Partners

Hong Kong delegation concludes mission in Riyadh

– Participation in FII Summit and business engagements to strengthen Hong Kong-Saudi economic cooperation

A business delegation jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC) and led by Financial Secretary Paul Chan visited Riyadh, the capital of Saudi Arabia, from 27 to 31 October.

The delegation attended the Future Investment Initiative (FII) Summit and met with senior government officials and business leaders to promote collaboration between Hong Kong and Saudi Arabia in areas, such as innovation and technology (I&T), smart city, AI, fintech and biotechnology, supporting the goals of Saudi Arabia’s Vision 2030.

The visit successfully fostered exchange between Hong Kong and Chinese Mainland companies based in Hong Kong and their Saudi counterparts, deepened their understanding of the Middle East market and promoted Hong Kong’s unique role as a superconnector and super value-adder in global trade.

Saudi Arabia is the largest economy in the Middle East, with a GDP of US$ 1.084 trillion in 2024. As of 2024, it is Hong Kong’s fourth-largest trading partner and third-largest export market in the region. Despite its vast oil reserves, Saudi Arabia’s Vision 2030 aims to reduce reliance on oil and transform the country into a private sector-led, open economy. The plan seeks to enhance national competitiveness and attract foreign investment, particularly in infrastructure, tourism and green energy.

Saudi Arabia’s economic transformation presents new opportunities for Hong Kong and mainland enterprises. The composition of the delegation reflects the strong interest of both business communities in the Saudi market and highlights Hong Kong’s role as a key platform connecting international and mainland enterprises. The delegation comprised around 40 representatives from sectors, including I&T, smart cities, AI, fintech and biotechnology.

On 28 October, the delegation attended the FII Summit opening ceremony and a key thematic discussion session, at which Financial Secretary Paul Chan shared Hong Kong’s experience in promoting various public-private partnership models. He noted that the HKSAR Government is expediting the development of the Northern Metropolis as a new engine for economic diversification, a key base for I&T industries and a source of quality employment opportunities.”

In addition to attending the FII Summit, the delegation held meetings with local chambers and institutions, including Saudi Awwal Bank, Saudi National Bank, Riyadh Chamber of Commerce and Industry and Saudi Chinese Business Council. They also visited major development projects, including Diriyah Gate Development Authority, Red Sea Global, the New Murabba smart city and The Garage technology park. These engagements facilitated exchange in investment, cross-border finance, market expansion, academic collaboration and professional services.

A highlight of the visit was the Hong Kong–Saudi Arabia Business Dinner, which provided a valuable platform for in-depth discussions between Saudi enterprises and the delegation. The event fostered diverse collaboration opportunities and led to the signing of multiple memoranda of understanding (MoU) and cooperation agreements, covering areas, such as smart mobility, green energy, AI, robotics and digital transformation, laying a solid foundation for future partnerships.

Anna Cheung, Assistant Executive Director of the HKTDC, said: “The HKTDC is honoured to co-organise this mission with the HKSAR Government. Led by the Financial Secretary, this visit to Riyadh has helped Hong Kong and mainland enterprises based in the city explore new business opportunities and further strengthen Hong Kong-Saudi economic ties.”

She added that the HKTDC will continue to promote bilateral cooperation through exhibitions, forums, overseas missions and business matching activities, and looks forward to seeing more Saudi enterprises leverage Hong Kong as a gateway to the Chinese Mainland and the wider Asian market.

Multiple MoUs and cooperation agreements were signed at the Hong Kong-Saudi Arabia Business Dinner on 30 October:

Hong Kong Trade Development Council and Digital Cooperation Organization
Beijing Yunji Technology Co., Ltd and Young Life Travel and Tourism Co., Limited
I2Cool Company Limited and Madar Building Materials Company Limited
Maphive Technology Limited and Arabian Business Machines Company, a subsidiary of Olayan Saudi Holding Company
Shenzhen RabbitPre Intelligence Technology Co., Ltd and HIBOBI Technology Limited

Photo Download: https://bit.ly/4opjihu

Media enquiries
HKTDC’s Communication & Public Affairs Department:

Jane Cheung	Tel: (852) 2584 4137	Email: jane.mh.cheung@hktdc.org
Sam Ho	Tel: (852) 2584 4569	Email: sam.sy.ho@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Air T Welcomes Creditor Support for Rex Acquisition

Air T, Inc. (NASDAQ:AIRT) is pleased to announce that a majority of Rex’s creditors-both in number and in value-have voted in favor of our bid to acquire Rex at the second meeting of creditors held on 11 November 2025.

This strong endorsement reflects confidence in our vision for Rex and our commitment to regional aviation in Australia. We take our responsibilities under the proposed Deed of Company Arrangement seriously.

We understand the Administrators intend to close the transaction by year-end, and we are working closely with all parties to ensure a smooth and timely completion.

Air T is grateful for the support shown throughout this process and looks forward to finalizing the acquisition and beginning a new chapter for Rex and regional communities across Australia.

NOTE REGARDING STAKEHOLDER QUESTIONS
If you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered “live” and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.

ABOUT AIR T, INC.
Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, and digital solutions. We seek to expand, strengthen and diversify Air T’s after-tax cash flow per share. Our goal is to build Air T’s core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com. The information on our website is available for information purposes only and is not incorporated by reference into this press release.

FORWARD-LOOKING STATEMENTS
Certain statements in this press release, including those contained in “Overview,” are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company’s financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words “believes”, “pending”, “future”, “expects”, “anticipates,” “intends”, “estimates”, “depends”, “will” or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:

An inability to finance our operations through bank or other financing or through the sale or issuance of debt or equity securities;
Economic and industry conditions in the Company’s markets;
The risk that contracts with FedEx could be terminated or adversely modified;
The risk that the number of aircraft operated for FedEx is reduced;
The risk that GGS customers will defer or reduce significant orders for deicing equipment;
The impact of any terrorist activities or armed conflict on United States soil or abroad;
Changes in U.S. and foreign trade regulations and tariffs;
The Company’s ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;
The Company’s ability to meet debt service covenants and to refinance existing debt obligations;
The risk of injury or other damage arising from accidents involving the Company’s overnight air cargo operations, equipment or parts sold and/or services provided;
Market acceptance of the Company’s commercial and military equipment and services;
Competition from other providers of similar equipment and services;
Changes in government regulation and technology;
Changes in the value of marketable securities held as investments;
Mild winter weather conditions reducing the demand for deicing equipment;
Market acceptance and operational success of the Company’s aircraft asset management business and related aircraft capital joint venture; and
Despite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT
Tracy Kennedy
Chief Financial Officer
tkennedy@airt.com

SOURCE: Air T, Inc.

Affiliate of Pacific Avenue Capital Partners Completes Acquisition of FLSmidth Cement from FLSmidth & Co. A/S

Pacific Avenue Capital Partners (Pacific Avenue), a leading global private equity firm focused on corporate carve-outs and other complex situations in the middle market, today announced it has completed the acquisition of FLSmidth Cement A/S (FLSmidth Cement or Company), from FLSmidth & Co. A/S (CPH:FLS) (FLSmidth). With the completion of the transaction, FLSmidth Cement will operate under the new name Fuller Technologies (Fuller), marking the beginning of its next chapter as an independent, technology-driven leader serving the global cement sector. Fuller is a leading solutions provider for the cement production industry focused on providing aftermarket parts and services to as well as new and replacement equipment for cement plants around the globe. The Company has manufacturing locations in North America, Europe, and Asia, and its global installed base spans over 1,400 of the world’s approximate 2,700 cement plants.

With more than 140 years of experience, Fuller delivers comprehensive solutions that cover the entire cement production process, from plant entry to final output. The company provides customers with a broad range of equipment and software designed for both conventional and sustainable cement production, including crushers, mills, kilns, feeders, loading systems, pneumatic conveyors, and automation controls. Beyond production, Fuller also supports its long-standing clients with an extensive portfolio of aftermarket parts and services, ensuring full lifecycle coverage for its equipment.

With Pacific Avenue’s support, Fuller will focus on reinforcing its reputation as a trusted partner to its customers by deepening relationships and aligning more closely with their evolving needs. The Company is positioned to execute a broad set of strategic growth initiatives across its capital equipment and service delivery offerings, serving both cement production and complementary industries. By leveraging its technical expertise, innovative products, and services, Fuller will continue to drive value creation and sustainable expansion for its customers across the globe.

“We are proud to welcome Fuller Technologies into our portfolio. This transaction highlights Pacific Avenue’s expertise in executing complex, cross-border carve-outs and supporting global businesses in achieving sustainable, long-term growth. We take pride in being the go-to solution provider for sellers seeking a seamless transition and a strong foundation for their businesses to thrive as independent companies. Under the Fuller name, the team is well-positioned to build on its rich legacy, expand its global reach, and continue delivering the innovative, mission-critical solutions that cement producers around the world rely on.”

-Chris Sznewajs, Founder and Managing Partner of Pacific Avenue

In addition, Pacific Avenue announced Dennis Cassidy as the new CEO of the Company, effective immediately. With a career spanning more than three decades, Mr. Cassidy is a proven industrial executive with a track record of transforming complex, global businesses through disciplined growth, operational efficiency, and large-scale transformation initiatives.

“This is an exciting moment for our company. As Fuller Technologies, we are embracing our legacy while charting a bold path forward as an independent leader in cement production solutions. In partnership with Pacific Avenue, we are energized to deepen our customer relationships, accelerate innovation, and expand our solution offerings. Our commitment to delivering high-performance, sustainable technologies remains unwavering, and we look forward to shaping the future of the industry together with our customers.”

-Dennis Cassidy, CEO of Fuller Technologies

J.P. Morgan served as the buy-side M&A advisor, McDermott Will & Schulte served as the buy-side legal advisor, J.P. Morgan and Citi provided acquisition financing, and KPMG provided buy-side accounting and tax services.

About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners is a global private equity firm, headquartered in Los Angeles with offices in Paris, France. The Firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the Firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has approximately $3.8 billion of Assets Under Management (AUM) as of August 31, 2025 (based on Q2 2025 valuations presented pro forma for the Fund II and sidecar closings). The members of the Pacific Avenue team have closed over 120 transactions, including over 50 corporate divestitures, across a multitude of industries throughout their combined careers. For more information, please visit www.pacificavenuecapital.com.

About FLSmidth
FLSmidth is a full flowsheet technology and service supplier to the global mining industry. The company enables its customers to improve performance, lower operating costs and reduce environmental impact. MissionZero is its sustainability ambition towards zero emissions in mining by 2030. FLSmidth works within fully validated Science-Based Targets, have a clear commitment to improving the sustainability performance of the global mining industry and aim to become carbon neutral in its own operations by 2030. Visit www.fls.com.

Contact Information
Chris Baddon
Principal
cbaddon@pacificavenuecapital.com

SOURCE: Pacific Avenue

Reclaims Global Positions for Next Phase of Growth with Successful Placement and Strong Sector Momentum

SGX-Catalist listed Reclaims Global Limited (“Reclaims Global” or the “Company” and together with its subsidiary, the “Group”), an eco-friendly integrated service provider within Singapore’s construction sector, is pleased to announce that the Company has successfully completed a share placement (“Placement”), comprising a total of 20,000,000 new shares issued at a price of S$0.39 per share, raising gross proceeds of S$7.8 million.

With its integrated and synergistic business model within Singapore’s construction industry, the Group specialises in the customisation of excavation/demolition/building construction solutions, operating fleet management of construction vehicles and equipment as well as the recycling of construction and demolition waste.

“This successful placement marks a key milestone for the Group as the macro growth momentum in Singapore’s construction industry, coupled with national investment in coastal protection initiatives, creates opportunities for Reclaims Global to deliver enhanced long-term value to our stakeholders,” said Mr. Chan Chew Leh, Executive Chairman.

“Building on our established foundation and track record within the construction industry, Reclaims Global is well-positioned to pursue larger-scale projects as a trusted partner. Backed by strong sectoral tailwinds, we aim to expand our market presence and capture new business opportunities via our integrated and synergistic business model,” added Mr. Tan Kok Huat, Executive Director and Chief Executive Officer.

In its latest 1H2026 results (for the financial year ended 31 July 2025) announced on 9 September 2025, Reclaims Global reported revenue growth of 14.9% to S$21.78 million (as compared to previous corresponding period) with net profit of S$2.5 million. The Company has announced an interim dividend of S$0.005 per share for 1H2026 and over the past two years, the Company has paid at least S$0.01 per share of dividends annually.

About Reclaims Global Limited

(SGX – NEX / Bloomberg – RGL: SP/ Reuters – RECL.SI)

Listed on the Catalist of the SGX-ST in March 2019, Reclaims Global Limited is an eco-friendly integrated service provider within Singapore’s construction industry, specialising in the customisation of excavation/demolition/building construction solutions, operating fleet management of construction vehicles and equipment as well as the recycling of construction and demolition waste.

The Group’s integrated and synergistic business model is organised into three main business segments as follows: (1) excavation services; (2) logistics and leasing; and (3) recycling.

Since its inception in 2009, the Group has established a strong reputation and proven track record for reliable execution and timely delivery of diverse projects across the construction sector.

For more information, please refer to the corporate website https://reclaims-enterprise.com

Issued on behalf of Reclaims Global Limited by 8PR Asia Pte Ltd.

Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

TURBO set to accelerate growth following its first SET trading day

Ngernturbo PCL (TURBO), a retail financial service provider, is set to drive its growth following the Company’s first day of trading on the Stock Exchange of Thailand (SET: TURBO). TURBO highlights the exponential growth in its loan portfolio, surmounting all economic hurdles for profitability exceeding the industry average. The Company is also determined to expand its branch network to at least 1,457 locations by 2029, in parallel with the development of new financial products and services. This plan is expected to further enhance the Company’s overall loan portfolio and contribute to continued growth. The objective for TURBO is to become a leading national retail financial service provider.

Mr. Sutach Ruangsuttipap, CEO of TURBO, remarked, “While the Company’s shares began trading on the Stock Exchange of Thailand (SET) on Sept 30, in the FIN (Financial & Securities) Sector, and the FINCIAL (Financial) industry group under the symbol ‘TURBO’, the listing follows a successful IPO (initial public offering) of 537 million shares at 1.50 baht per share, which attracted overwhelming interest from both institutional and retail investors. This success reflects confidence in TURBO’s business operations and growth potential, which will make us one of the most sought-after stocks upon listing.”

Following the SET listing, TURBO aims to build on its success, becoming a leading national retail financial service provider, and achieving strong growth through several key strategies. 1. Building the brand as the No.1 choice for customers, with the emphasis on speed, convenience, and quality of service to ensure a high level of customer satisfaction and word-of-mouth referrals. 2. Developing the Company’s IT systems. TURBO maintains a strategy of building on its in-house technology team which can quickly develop specific IT systems most suitable for the organization. The Company prioritizes the adoption of artificial intelligence (AI) technologies to enhance efficiency in every work process. 3. Enhancing customer convenience by expanding branch coverage nationwide, with the aim of establishing no less than 1,475 branches by the year 2029. The plan is to develop better access to comprehensive financial products to ensure more extensive coverage. 4. Developing a diverse range of products to meet the differentiated needs of customers, such as increasing the types of loan collateral, expanding insurance product lines, and increasing the number of insurance partners, etc.

“I am confident that after our listing on the SET, TURBO will achieve stronger growth and generate more sustainable returns for shareholders, driven by customer-centric financial services, customer satisfaction, word-of-mouth referrals, together with the use of specially developed IT systems. All these processes will help to ensure that TURBO will be able to quickly adapt to any situation and maintain low operating costs in the long term,” Mr. Sutach added.

In 2023 and 2024 fiscal years, the Group’s total revenues were 2,430.7 million baht and 3,033.2 million baht. That translated into a 24.8% increase, with net profits of 131.7 million baht and 141.6 million baht, a 7.5% annual increase.

For the first six months (January – June) of 2025, combined revenue reached 1,517.6 million baht, a 3.7% increase, and net profit was 235.9 million baht, or a 285.8% increase compared to the previous year. As of June 30, 2025, the net interest margin was 19.8%, higher than the industry average(1) of 15.1%. Moreover, the net income after deducting expected credit losses to net loan receivables averaged 21.8%, higher than the industry average of 18.0%.

Mr. Paiboon Nalinthrangkurn, CEO of TISCO Securities Co Ltd, the lead-underwriter, and representative of TISCO Bank PCL, stated that TURBO has high growth potential, driven by the non-financial institutional retail loan market scenario, which has grown significantly from 220 billion baht in 2018 to 630 billion baht in Q1 2025. This is equivalent to an compound annual growth rate (CAGR) of 18.6%, higher than the commercial bank personal loan market which grew from 170 billion baht to 220 billion baht during the same period, or a CAGR of 4.5%. This reflects the continued growth in demand for retail loans from middle- to low-income customers who have limited or no access to commercial financial services, and make up a large segment of the population.

Positive factors across the industry are also driving TURBO’s growth in interest from loans, its core business, to annual returns of 40.8% from 2022 to 2024, while the Group’s revenue from insurance brokerage and life insurance brokerage grew 54.3% annually from 2020 to 2024. The Company’s strong foundation and solid long-erm growth potential will enable TURBO to become a quality stocks in the Thai capital market.

Mr. Pongsak Phrukpaisal, Managing Director of Kasikorn Securities PCL, the lead-underwriter, said he was confident that TURBO would be a growth stock that generates returns for investors. This is attributable to the Company’s quick and convenient services, customer empathy, and the team comprised of new generation of professionals with expertise in finance and digital technology. The Company utilizes technology to drive the organization in every process for efficient operations, resulting in impressive results and a high 20.7% word-of-mouth referral rate among customers. This led to exponential growth in the loan portfolio of 31.5% per year between 2020 and Q2 2025. Furthermore, the Company has the opportunity to expand its loan portfolio significantly despite being a relatively new operator with an average branch age of only 4.1 years.

(1) A group of 5 SET-listed industry operators.

Press release by MT Multimedia Co Ltd for Ngernturbo PCL.
For more information: Pipop ‘Top’, MT Multimedia
T: +66 81 929 8864, E: pipop.k@mtmultimedia.com

Ngernturbo PCL (SET: TURBO, SET-R:TURBO, SET/F:TURBO), https://www.turbo.co.th.

Yuzhou Group Holdings Company Limited (01628.HK) Announced the Official Effectiveness of Offshore Debt Restructuring, Marking a Key Step Toward Steady Development

On August 29, Yuzhou Group Holdings Company Limited (HKG: 1628) announced that its offshore debt management and restructuring efforts, which spanned over three years, have yielded decisive results. The offshore restructuring has officially taken effect, marking a key step in improving the Company’s liquidity and optimizing its financial structure, laying a solid foundation for future robust operations.

Optimize Capital Structure, Enhance Financial Stability and Achieve Sustainable Development
After multiple rounds of negotiations, the final arrangement encompassed 15 senior notes, one perpetual bond, four secured notes, one syndicated loan, and one bilateral loan. As consideration for the restructuring, Yuzhou Group issued new bonds with an optimized structure, including short-term, medium-term, and long-term bonds. This arrangement significantly reduced financing costs, lowered the Group’s outstanding offshore debt, alleviated financial pressure, optimized its capital structure, and enhanced financial soundness and sustainability.

Gain Support from Shareholders and the Market, Consolidate the Interests of all Parties, and Work Together to Move Forward
As a key component of the plan, certain creditors will receive 5,645 million newly issued shares, representing approximately 37.94% of Yuzhou Group’s issued shares after the restructuring. This further solidified the shared interests of creditors and the Company. In addition, Yuzhou Group raised nearly HK$100 million through a rights issue to cover restructuring-related expenses and replenish working capital. The arrangement not only set a market precedent but also garnered a positive response from minority shareholders, reflecting strong recognition and confidence from shareholders and the market in both the rationale of the plan and the Group’s future development prospects.

The core objective of this restructuring plan was to adjust the scale of Yuzhou Group’s offshore debt to a reasonable level, restore the soundness and sustainability of the capital structure, and ensure the continued operation and healthy development of the business. At the same time, the plan aims to ease liquidity pressure, align the new repayment schedule with the operating environment of China’s real estate industry and the Group, and ensure the fair treatment and protection of all stakeholders’ rights, striving to maximize overall value.

Respond to Policy Calls, Fulfill Social Responsibilities, and Consolidate Corporate Value
Following the completion of the restructuring, Yuzhou Group will continue to respond to policy initiatives, fulfill its commitment to “guaranteeing housing delivery”, strengthen cash flow management, enhance internal revenue generation capabilities, and ensure stable business operations. Structural deleveraging measures are expected to help the Group achieve a long-term sustainable capital structure and reduce overall operational risks. The Company will steadily enhance its operating capacity and remain focused on creating value for all stakeholders.

Industry observers note that the completion of the restructuring not only relieves near-term financial pressure but also represents an important step for Yuzhou Group in pursuing long-term stability and growth amid the ongoing adjustment of China’s real estate sector.