JCN Newswire
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NEC announces plans for transition to a Company with a Nominating Committee, etc. and implementation of organizational reforms

ruth
5 minutes

TOKYO, Jan 30, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC; TSE: 6701) today announced that a decision to transition its structure from a Company with the Audit and Supervisory Board to a Company with a Nominating Committee, etc. was made at the meeting of the Board of Directors held on January 30, 2023. This decision is subject to approval at the Ordinary General Meeting of Shareholders scheduled to be convened in June 2023. The Board of Directors also decided to begin implementing organizational reforms prior to this transition, effective April 1, 2023, with the aim of establishing a business structure based on the strategic pillars of the Mid-term Management Plan 2025. Under its Purpose-driven management, NEC is promoting initiatives that combine strategy and culture in order to achieve the Mid-term Management Plan 2025 as a milestone toward the realization of the NEC 2030VISION. In this globally intensifying competitive environment, through the reform of organizations, management, people and culture, which are the foundations that support NEC's culture, NEC aims to further strengthen corporate governance and boost management speed to accelerate the growth of ...

ACN Newswire
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Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million

indie
7 minutes

TORONTO, ON, Dec 3, 2022 - (ACN Newswire via SEAPRWire.com) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.The Company will issue up to 21,000,000 units on a charity flow-through basis (the "Charity FT Units") at a price of $0.20 per Charity FT Unit (the "Charity FT Issue Price") for gross proceeds of up to $4,200,000 ("Offering"). Each Charity FT Unit will consist of one common share of the Company (each, a "Charity FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Charity FT Warrant"), and each Charity FT Share and Charity FT Warrant will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories ...

ACN Newswire
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Palladium One Announces C$4.0 million Private Placement Financing

indie
8 minutes

TORONTO, ON, Dec 1, 2022 - (ACN Newswire via SEAPRWire.com) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce a brokered private placement of up to 15,000,000 units of the Company issued on a charity flow-through basis (the "Charity FT Units") at a price of $0.20 per Charity FT Unit (the "Charity FT Issue Price") for gross proceeds of up to $3,000,000 ("Offering"). Each Charity FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "Charity FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Charity FT Warrant") each to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories of Canada (other than Quebec) in ...

SeaPRwire
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Protocon Announces ‘Contract Model’, an Alternative Technology to Smart Contracts

pandora
6 minutes

Seoul, South Korea, April 6, 2022 – (SEAPRWire) – Protocon, a web 3.0-based Layer 1 blockchain development project, announced a yellowpaper related to “Contract Model,” an alternative technology to smart contracts, on the March 31st. Smart contract is a technology that was first proposed by Nick Szabo in 1996 and realized in Ethereum and is a representative methodology for developing blockchain applications. Ethereum’s smart contract is a technology that combines virtual machines with blockchain to enable programming for general purposes, and almost all mainnets now adopt this method. It is no exaggeration to say that DeFi and NFT were able to become popular due to smart contracts. However, smart contracts are causing various kinds of accidents, such as the Ethereum Dao hacking, the DeFi hacking, and Solana’s Wormhole hacking incident that took place recently. In particular, the multi-billion-dollar DeFi and NFT markets have recently been managed by smart contracts, which ironically raises concern about the vulnerabilities of smart contracts. Improving the weakness of smart contracts has been a main topic of discussion in the blockchain industry for a long time. The Contract Model ...

SeaPRwire

Evergrande electric car unit ends proposed Shanghai star board listing

elean
2 minutes

HONG KONG (BLOOMBERG) - China Evergrande Group's electric car unit will not proceed with its proposed issue of yuan-denominated shares on the Science and Technology Innovation Board of the Shanghai Stock Exchange, according to a filing to the Hong Kong stock exchange. The Hong Kong-listed unit of troubled China Evergrande Group and Haitong Securities have agreed to drop the listing after "due and careful consideration", the statement said, without giving further details. The decision adds more uncertainty to the company's liquidity situation after it said late on Friday (Sept 24) that it "is encountering a serious shortage of funds" and "has suspended paying some of its operating expenses and some suppliers have suspended supplying for projects". The company said it could not guarantee that it can meet its financial obligations as it keeps hunting for strategic investors. In September last year, the company's board proposed to issue no more than 1.6 billion A shares and pledged to use the proceeds to fund new-energy vehicle projects and working-capital replenishment. Officially created when Evergrande Health changed its name to Evergrande NEV in July last year, the company bills it...

SeaPRwire

Man charged with murder of 49-year-old at Bedok Reservoir Road flat

aseanpr
2 minutes

SINGAPORE- A man who allegedly killed another in a Bedok Reservoir Road flat last weekend appeared in a district court on Monday (April 5) and was charged with murder. Naing Lin, 49, is said to have stabbed the victim, who is of the same age, last Saturday. There is no further information on the weapon used as of this point. In an statement on Saturday evening, police said that they were alerted to the incident at around 10.15am that day. Officers arrived at the unit and found the victim lying motionless at the scene. A resident, who lives in the same block and wanted to be known only as Mr Seow, 55, had earlier told Chinese-language newspaper Shin Min Daily News that the unit was cordoned off at noon on Saturday. He said: "There were about six police officers along the corridor. They did not disclose what happened and told me only to leave quickly." Another neighbour, domestic helper Ms Yato, 32, said that she had heard two men quarrelling in the unit on Friday night. According to her, one of the men then shouted: "Stop it! I'm already angry." Naing Lin is remanded at the Central Police Division and his case has been adjourned to April 12. Offenders convicted of murder will face t...