NEW YORK, March 14 (Bernama)-- Besyata Investment Group and The Scharf Group, both NY-based single family offices, have acquired One Dartmouth Place in Denver, CO for a purchase price of $65.5 million.
BH Management, Besyata's long-standing partner and leading property manager of 70,000+ apartments across 23 states, will handle the day-to-day property management and leasing.
NOVATO, Calif., March 14 (Bernama) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported 50.4% growth in annual pre-tax income to $36.0 million, from $23.9 million in 2016, and recorded total revenues of $274.8 million. The Company's 2017 pretax results were driven by solid revenue growth in the core leasing business and a significant increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve revenues of $210.6 million were driven by a 90% average utilization of a lease portfolio that grew 18.1% to $1.34 billion at year-end. Spare parts and equipment sales grew 189% on a year over year basis. Net income attributable to common shareholders grew 338% to $60.3 million for the year or to $9.69 of diluted weighted average earnings per common share. The positive tax effects of the Tax Cuts and Jobs Act of 2017 contributed $43.6 million to our 2017 after tax income.
"2017 was our most profitable year on a pre-tax basis since 2008, with record revenues, " said Charles F. Willis, Chairman and CEO. "Utilization of our lease portfolio remains high due in part to robust maintenance activity on engine types we support, including some older engine types many thought would have been retired long ago. Last year was also important for us from a capital perspective as we were successful in closing our WEST III asset backed securitization and a second round of preferred equity. "
OLDTOWN BERHAD ("OLDTOWN")
VOLUNTARY TAKE-OVER OFFER BY JACOBS DOUWE EGBERTS HOLDINGS ASIA NL B.V. ("JDE ASIA" OR "OFFEROR") TO ACQUIRE ALL THE ORDINARY SHARES IN OLDTOWN ("OLDTOWN SHARES") NOT ALREADY HELD BY THE OFFEROR ("OFFER SHARES") ("OFFER")
KUALA LUMPUR, March 14 (Bernama) -- We refer to the above and the offer document dated 20 February 2018 which sets out the details, terms and conditions of the Offer ("Offer Docuement").
SHENZHEN, China, March 14 (Bernama) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumer finance platform for educated young adults in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2017 before the U.S. market opens on Tuesday, March 20, 2018.
The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on March 20, 2018 (8:00 PM Beijing/Hong Kong time on March 20, 2018).
45 percent year over year growth
CLIFTON, N.J., March 13 (Bernama) -- Comodo CA, a worldwide leader in digital identity solutions, today announced the addition of 35 new strategic partnerships, positioning its channel program for another record year in 2018. The new partner relationships come amid continued momentum Comodo CA is seeing across its business. New partners include: Wix.com, Secure128, AdwebTech, DonDominio, and GeoCerts.
"The record-setting growth we've seen in the last year is testament to the clear value partners are experiencing with our partner program, " said Michael Fowler, Comodo CA President of Channels. "Since 2001 we´ve been the leader in helping partners succeed, breaking new ground in building and executing a best-in-class channel program. These new strategic partners have been exclusive to our competitors for more than a decade and are globally diverse, some are the largest providers within their specific regions. This momentum is of course assisting our expansion within these net- new verticals and geographies, and we are delighted to be part of their success. "
KUALA LUMPUR, March 13 (Bernama) -- Izetex's President, Alexey Zagainov and Nikita Kuptsov, Director of Communications, recently met with the senior management of US VR Global.com Inc., to commence discussions for the acquisition of a strategic stake in the fast growing location based entertainment (LBE) VR pioneer´s business.
"With US VR's strong operational focus in the lucrative South East Asian and Chinese markets, we see this as an important tactical investment to gain ingress in to the world´s fastest growing middle class " says, Kuptsov.
Payments and cryptocurrency platform selects Jumio to help scale its global expansion, onboard new customers, and satisfy AML and KYC requirements
SINGAPORE, March 13 (Bernama) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Monaco, the pioneering payments and cryptocurrency platform that enables users to buy, exchange, and spend fiat and cryptocurrencies, such as bitcoin and ether, at perfect interbank exchange rates.
Monaco's vision of Cryptocurrency in Every WalletTM places a high premium on the user experience during the onboarding process. Jumio facilitates the process by providing the Know Your Customer (KYC) and Anti-money Laundering (AML) checks. To enable access to the app, users must first pass both the KYC and AML processes to verify that they are who they claim to be.