Category: Press Release

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Boyden Promotes Gabrielle Robinson and Nessrine Salah to Managing Partners in the Middle East

Accomplished regional executive search experts recognised for their contribution to Boyden, and to economic diversification and progress in the Middle East region

DUBAI, United Arab Emirates, July 06, 2023 (GLOBE NEWSWIRE) — Boyden, a premier global leadership and talent advisory firm is delighted to announce the promotions of Gabrielle Robinson and Nessrine Salah to Managing Partner, Boyden Middle East, in recognition of their expertise, dedication and commitment to the region.

“It is a huge privilege to experience the extraordinary dynamism, creativity, and aspirations of the region as an executive search specialist,” comments Gabrielle Robinson, Managing Partner, Boyden Middle East. “These markets are exceptional in their agility, their focus on rapid commercial and social progress and their commitment to future-focused talent. It inspires Boyden to challenge and transform ourselves as we grow with the market, supporting organisational development and female talent. I look forward to many more rewarding years as the region expands its international cooperation and engagement in global affairs.”

Boyden has worked with clients in the wider MENA region for nearly 25 years. The team has developed an outstanding reputation as trusted advisors on the talent agenda to governments, family offices, investment firms, regional businesses and multinationals. Boyden Middle East provides leadership consulting, executive search, interim management and board services for all markets, specifically aligned with their respective strategic Visions.

“We have accumulated an exceptional amount of knowledge and understanding of business in the Middle East region, advising senior executives and private equity firms on talent, capability building and levers for growth,” adds Nessrine Salah, Managing Partner, Boyden Middle East and UAE Leader, EMEA Private Equity Practice. “Countries in the GCC are leveraging their economic strength and political stability to drive change and progress, investing in education, infrastructure, transportation and tourism, incorporating sustainability into all projects. It is a privilege to be part of such a dynamic and progressive region, both professionally and as an Arab national.”

“Both Gabrielle Robinson and Nessrine Salah have been strong contributors to Boyden’s success in the region. More importantly both are outstanding team players and continue to play a critical role in our ongoing efforts to strengthen our human capital capabilities,” adds Magdy El Zein, Managing Director, Boyden Middle East.

The region’s reputation for agility, fast-paced growth and economic development enables Boyden to attract senior executive talent for clients across its global footprint. Major initiatives are attracting significant investments, driving demand for leadership development, senior-level talent and non-executive directors.

About Boyden

Boyden is a premier leadership and talent advisory firm with more than 70 offices in over 45 countries. Our global reach enables us to serve client needs anywhere they conduct business. We connect great companies with great leaders through executive search, interim management and leadership consulting solutions. Boyden is ranked amongst the top companies on Forbes’ Americas Best Executive Recruiting Firms for 2023. For further information, visit www.boyden.com.

Contacts:

Chris Swee
Chief Marketing Officer, Boyden
T: +1 914 747 0172
E: cswee@boyden.com

GlobeNewswire Distribution ID 8869811

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Floship CEO Josh Tsui to Deliver Executive Vision Talk on Future of Logistics Technology & Accept Award at New York’s Lead Innovation Summit

Tsui to touch on the company’s future ambitions & strategic road map including supply chain circularity and the portal’s AI capabilities

Floship CEO Joshua Tsui

Floship CEO, Josh Tsui

NEW YORK and HONG KONG, July 05, 2023 (GLOBE NEWSWIRE) — Floship, a leading global circular supply chain solutions provider, today announced its participation in The Lead Innovation Summit, a leading strategy conference for global decision-makers and executives in today’s retail and consumer industries. The conference takes place in New York City between 12 & 13 July.

Floship CEO Josh Tsui will deliver his Vision Talk on Wednesday, 12 July during the session “Optimizing Digital Commerce Opportunity” fielding questions from Dawit Heck of Bain Capital Ventures. Tsui will share information about Floship, his strategic vision, as well as the company’s transformational ambitions including his thoughts on the future of generative AI in e-commerce to an audience of 2000+ executives from major global brand retailers.

As part of his talk, Tsui will share information about Floship’s holistic circular supply chain ecosystem, illustrating how it connects every core component across the value chain from the manufacturer, warehouse systems, delivery mechanisms, and returns solutions through a wholly integrated platform.

Also at The Summit, Floship will be among the companies recognized on The Lead’s Leading 100 List in an award ceremony, which honors innovative tech start-ups that are driving the future of brand-to-consumer businesses, especially in helping these businesses adopt circular supply chains.

Floship Leaders- Headshots_Josh

“It is an extremely exciting time here at Floship, and I’m honored that we’re being acknowledged for our disruptive innovations toward the business-to-consumer model. Supply chain circularity and generative AI are extremely important supply chain focus areas for merchants as they work hand-in-hand to minimize the use of raw materials, reduce excessive amounts of discarded waste materials, and automate many manually intensive processes,” said Tsui. “We believe the Lead Innovation Summit provides the necessary backdrop to continue to tell this story to an audience who are cognizant of the need to build more sustainable and intelligent supply chains by leveraging technologies that empower consumers, businesses, and the economy to be more efficient with a leaner amount of resources.”

Circular supply chains involve a company reusing or repurposing waste and customer returns to convert those resources into new or refurbished products, and this strategy is critical in building global partnerships. Floship recently announced one such partnership with FedEx that is designed to provide enhanced fulfillment and logistics services to e-tailers worldwide. The partnership gives FedEx’s e-commerce customers access to Floship’s global network of warehouses and powerful logistics platform’s capabilities to streamline their e-commerce fulfillment operations. At the same time, Floship’s customers will be able to leverage FedEx global networks as well as a full range of FedEx extensive transportation options to optimize their operations.

The Lead Innovation Summit is where 2,000+ leaders from the fashion, beauty, home, consumer & retail innovation communities converge to learn from and connect with scaled brands, digital natives, & technology enablers. The two-day summit features more than 140 stand-out speakers and 45 content sessions and breaks down every aspect of a brand’s direct-to-consumer business, online and offline.

About Floship
Floship’s global circular supply chain ecosystem solutions cover all aspects of the global supply chain, ensuring minimal operation effort for e-commerce businesses while exceeding their expectations, allowing business owners to concentrate on driving growth and investment flexibility while gaining peace of mind. Learn more at www.floship.com or follow us on LinkedIn.

E info@floship.com   W www.floship.com
Level 7, 18 Salisbury Rd, Tsim Sha Tsui, Hong Kong
香港尖沙咀梳士巴利道18號7樓

For more information about Floship, please contact:

James Linacre, PR & Communications Lead

Phone: (+852) 5333 9420

Email: james@floship.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e85ddb6-bd4c-4a24-9422-a4429f79a882

GlobeNewswire Distribution ID 8868173

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Aztiq and Innobic Announce Pricing of Secondary Sale of Lotus Common Stock by AEMH

LONDON and BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners (“Aztiq”), a private equity company focused on the life sciences sector, and Innobic (Asia) Company Limited (“Innobic”), the life science arm of Thai oil and gas conglomerate PTT Public Company Limited (“PTT”) (collectively, “the shareholders”), today announced the pricing of a sale of 25,095,850 shares of Lotus Pharmaceuticals (1795:TT; “Lotus,” “the company”), a multinational pharmaceutical company, at a price of NT$297 per share. The trade will be settled on July 5, 2023, subject to satisfaction of customary settlement procedures. The sale is being executed by Alvogen Emerging Market Holdings Limited (“AEMH”), which will continue to own 41% of Lotus common stock after the close of the transaction. Inclusive of Innobic’s direct holdings of Lotus, the shareholders will continue to own approximately 47.7% of the company.

Robert Wessman, Founder of Aztiq, commented: “Today’s announcement is a big step in the evolution of Lotus that started as a company whose business was nearly entirely domestic. The company today has evolved into a global pharmaceutical company with a vast portfolio of products and a global reach that touches nearly every corner of the world through the company’s export business or through Lotus’s own commercial infrastructure that spreads throughout Asia. As Chairman, I look forward to continuing to work with Lotus’ proven management team that has led this transformation to collaborate on strategy and grow the business going forward.”

Dr. Buranin Rattanasombat, Chief New Business and Infrastructure Officer of PTT, and Chairman of Innobic, commented: “This transaction is a significant step for Lotus as it concurrently increases free-float of the stock and diversifies the shareholder base with strong institutional investors. As a leading shareholder of Lotus, our interests remain truly aligned with those of the company and its valued shareholders.”

J.P. Morgan and Credit Suisse are acting as placing agents for the trade.

About Aztiq

Aztiq is a visionary healthcare focused private equity company dedicated to fostering innovation and driving positive change within the industry. Led by Robert Wessman and a team of veteran entrepreneurs, Aztiq is committed to identifying, investing in, and nurturing ground-breaking healthcare solutions in pharma and biotech to address global healthcare challenges. By leveraging the cumulative experience of the team, Aztiq aims to improve patient outcomes, increase access to quality healthcare, and create a more efficient and sustainable healthcare ecosystem. With a proven track record of success, Aztiq continues to make a lasting impact on the health and well-being of people around the world. For more information, please visit www.aztiq.com and follow Aztiq on LinkedIn.

About Innobic

Innobic (Asia) Company Limited is a wholly-owned subsidiary of PTT, the largest energy company in Thailand majority owned by Ministry of Finance Thailand and listed in Fortune Global 500. PTT has moved from a national energy provider to a multinational conglomerate and started to diversify the business into new sectors, including Life Science, Renewables, Electricity value chain, and Ventures, to serve as its new S-curve. It officially established Innobic in December 2020 for a strategic goal to building up a new footprint in Life Science fields for PTT Group, with an initial focus on pharmaceuticals, and aims to make Innobic become a leading Life Science company in the region to bring best science and enhance life qualify of people. For more information, please visit www.innobicasia.com 

Media Enquiries:

Ming Li
+16465093032
ming.li@aztiq.com

Jaruchai Sutjarittam
+66888924564
Jaruchai.s@innobicasia.com

GlobeNewswire Distribution ID 1000828093

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ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Viatris Inc. Investors to Secure Counsel Before Important July 14 Deadline in Securities Class Action – VTRS

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: New York, N.Y., July 1, 2023. Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Viatris Inc. (NASDAQ: VTRS) between March 1, 2021 and February 25, 2022, both dates inclusive (the “Class Period”), of the important July 14, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Viatris common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Viatris class action, go to https://rosenlegal.com/submit-form/?case_id=16292 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Viatris was experiencing significantly more competition in its United States complex generics business than disclosed; (2) Viatris was not able to effectively manage its base business erosion or create a stable revenue base; (3) despite being one of the Company’s only growth drivers, Viatris was actively planning to divest its biosimilars business in order to secure enough cash to let it purportedly meet its phase one goals; (4) Viatris was deviating from the business model it touted through the Class Period and undertaking a significant global reshaping of its business which would undermine its ability to achieve stable revenue growth; (5) Viatris was anticipating less financial growth moving into 2022; and (6) as a result of the foregoing, Viatris’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Viatris class action, go to https://rosenlegal.com/submit-form/?case_id=16292 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8867790

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ROSEN, A LEADING LAW FIRM, Encourages GDS Holdings Limited Investors with Losses to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm – GDS

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of GDS Holdings Limited (NASDAQ: GDS) between April 12, 2021 and April 3, 2023, both dates inclusive (the “Class Period”), of the important August 21, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased GDS securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the GDS class action, go to https://rosenlegal.com/submit-form/?case_id=17143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 21, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Defendant Huang had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020; (2) this presented a risk of Defendant Huang’s ownership going below 5% of the Company’s outstanding shares; (3) if Huang’s ownership dipped below 5%, it would result in a change of control of the Company which, as the Company admitted, could result in disastrous consequences; and (4); as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GDS class action, go to https://rosenlegal.com/submit-form/?case_id=17143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8867816

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ROSEN, LEADING INVESTOR COUNSEL, Encourages Virtu Financial, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – VIRT

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Virtu Financial, Inc., (NASDAQ: VIRT) between March 1, 2019 and April 28, 2023, both dates inclusive (the “Class Period”) of the important July 18, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Virtu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 18, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Virtu maintained deficient policies and procedures with respect to its information access barriers; (2) accordingly, Virtu had overstated the Company’s operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (3) the foregoing deficiencies increased the likelihood that Virtu would be subject to enhanced regulatory scrutiny; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8867812

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