Day: May 17, 2022

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WillScot Mobile Mini Acquires Leading California Portable Classroom Provider

PHOENIX, May 16, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced that it has acquired Elite Modular Leasing and Sales, Inc. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds approximately 900 modular units to the Company’s existing operations throughout California.

Brad Soultz, Chief Executive Officer, commented, “The acquisition of Elite Modular expands our presence in California and adds particular expertise serving the public education sector. I have been impressed by the Elite team and their demonstrated success competing in this market. As we continue to execute our growth strategy, I am excited to offer our diverse and fully turnkey offering to these new customers. I welcome the employees of Elite Modular to the WillScot Mobile Mini team and thank them and our current team for their efforts in integrating these two great organizations.”

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible workspace and portable storage solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of over 275 branch locations and additional drop lots throughout the United States, Canada, Mexico and the United Kingdom.

Contact Information

Investor Inquiries:

Nick Girardi

nick.girardi@willscotmobilemini.com

Media Inquiries:

Scott Junk

scott.junk@willscotmobilemini.com

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Agthia Group Achieves Record Quarterly Revenues of AED 1.05 Billion in Q1 2022

Agthia

Agthia

ABU DHABI, Arab Emirates, May 16, 2022 (GLOBE NEWSWIRE) — Agthia Group PJSC, one of the region’s leading food and beverage companies, announced today that its quarterly net revenues surpassed AED 1 billion in Q1 2022 for the first time since its inception, registering a 58% year-on-year growth.

Group net profit attributable to shareholders was AED 82 million for the quarter, a 64% increase relative to Q1 2021. The quarter was the first when the performance of all five acquisitions made in 2021 were consolidated and reflected on the Group’s financial statements.

Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said: “Agthia’s first quarter results for 2022 are indicative of the hard work throughout the previous year to acquire and consolidate value-accretive brands that complement our existing portfolio of companies. This achievement is just the beginning of our mission to build a more holistic, efficient, and integrated business model after successfully rounding out the first year of our five-year strategy.”

Alan Smith, Chief Executive Officer of Agthia Group, said: “In the first quarter of 2022, our attention was focused primarily on the seamless integration of the entities acquired in 2021. Despite the ongoing fluidity of market conditions and a challenging global inflationary environment, we are steadfast in continuing Agthia’s journey of transformation. We see significant headroom to grow further as we continue to pursue full integration as a top priority in 2022 and we remain firmly on-track to deliver against our five-year strategic roadmap.”

From a financial perspective, Agthia’s consumer business division achieved substantial growth of 83% compared to the previous year, now encompassing 75% of total group sales.

  • The Protein & Frozen segment contributed AED 294 million to the top-line, driven by the consolidation of Nabil Foods and Atyab in the quarter.
  • Snacking added AED 255 million to the top-line, driven by the first quarter inclusion of BMB Group, Al Foah and Al Faysal Bakery & Sweets.
  • Water & Beverage, and Other Food items, recorded revenues of AED 238 million. The bottled water segment in the UAE preserved market leadership throughout the quarter, standing respectively at 28.6% for volume and 28.5% in value shares.
  • Revenue in the Agri-business division for the quarter stood at AED 266 million, a 13% increase relative to 2021.

The Group’s total assets reached AED 6.6 billion as of 31st March 2022, while total shareholders’ equity for the period stood at AED 2.8 billion.

Agthia’s Board of Directors approved a cash dividend equivalent to AED 0.0825 per share for the second half of 2021.

-ENDS-

About Agthia

Agthia is a leading Abu Dhabi based food and beverage company. Established in 2004, the Company is listed on the Abu Dhabi Securities Exchange (ADX) and has the symbol “AGTHIA”. Through Senaat, Agthia Group PJSC is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

Media Inquiries:
Eman Salem, press@30n.org

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Image 1: Agthia

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Vietnam, Cambodia hold first border defence exchange

Vietnam and Cambodia held the first border defence exchange in the border areas of Loc Ninh district of the former’s Binh Phuoc province and Snuol district of the latter’s Kratie province on May 15.

Co-chairing the event, Vietnamese Minister of National Defence Gen. Phan Van Giang and Cambodian Deputy Prime Minister and Minister of National Defence Samdech Pichay Sena Tea Banh saluted Border Marker No. 69, planted friendship trees, witnessed a joint patrol, cut the ribbon to open a military – civilian medical centre in Loc Ninh, and visited two primary schools in the districts.

At the following talks, Giang said this was the first border defence friendship exchange between the two countries at the ministerial level. It became even more meaningful as 2022 is the two countries’ Friendship Year and marks the 55th founding anniversary of their diplomatic ties (June 24) and the 45th anniversary of Cambodian Prime Minister Hun Sen’s path to topple the Pol Pot genocidal regime (June 20).

The two sides affirmed that braving difficulties caused by the COVID-19 pandemic as well as the complex international and regional situation, the Vietnam – Cambodia relations, including defence ties, have still been thriving.

The countries have been actively and effectively implementing the cooperation activities agreed on at their talks in Phnom Penh in December 2021 while fruitfully working together to share information, maintain security and social order and safety in border areas, assist each other in the COVID-19 fight and training personnel.

This has helped enhance mutual understanding and trust, promote their friendship and all-round connections, and defeat hostile forces’ plots to drive a wedge into the Vietnam – Cambodia solidarity, according to the officials.

For the time ahead, they agreed to increase coordination in implementing the five-year defence cooperation protocol and annual cooperation plans; boost all-level mutual visits; hold defence policy dialogues at the deputy minister level; strengthen ties between the countries’ military regions, arms, services, and defence forces; cooperate in political education; and support each other at regional and international forums.

Minister Giang affirmed the Vietnamese ministry’s consistent support for Cambodia to successfully fulfill its role as the ASEAN Chair in 2022.

He expressed his hope that Cambodian leaders at all levels will create favourable conditions for the Vietnamese community in the country to settle down and help Vietnamese firms, including his ministry’s businesses, to operate successfully in Cambodia.

After the talks, the two ministers witnessed the signing of a cooperation agreement between the Border Guard High Command of Vietnam and Cambodia’s Royal Gendarmerie High Command.

The two countries share 1,137km of land border that runs across 10 provinces of Vietnam and nine provinces of Cambodia./.

Source: Vietnam News Agency

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Greek President visits Ha Long Bay

President Katerina Sakellaropoulou and a high-ranking delegation from Greece visited Ha Long Bay in the northern province of Quang Ninh on May 17 as part of their official visit to Vietnam.

Welcoming the Greek delegation, Vice Chairman of the provincial People’s Committee Bui Van Khang gave them a brief introduction of the geological, geomorphological, historical and cultural values of the bay – a world natural heritage site.

The Greek leader thanked local officials for their warm welcome as well as local people for their hospitality, expressing her delight at the trip to Ha Long Bay.

Khang wished the delegation a successful visit to Vietnam which will last until May 19.

Ha Long Bay was twice recognised as a world natural heritage site by UNESCO, in 1994 and 2000, and selected as one the 10 most beautiful bays in the world.

As a popular tourist destination, it attracted about 4.4 million visitors, including nearly 2.9 million foreign arrivals, in 2019 – before the COVID-19 pandemic. Ha Long city looks to welcome 4.5 million tourist arrivals this year./.

Source: Vietnam News Agency

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First Vietnamese woman reaches summit of Mount Everest

Nguyen Thi Thanh Nha, also known as Celine Nha Nguyen, has become the first Vietnamese woman to conquer the summit of Mount Everest, according to Nepal-based mountaineering company Seven Summit Treks.

A representative from the company congratulated her and highlighted that she is the first Vietnamese woman to reach the summit of Everest, noting that this is a historic achievement for the Vietnamese climbing community.

Nha, a lawyer from Ho Chi Minh City, aspires to conquer the ‘Seven Summits’ – the seven highest mountains in the world.

In January this year, she successfully conquered Vinson Massif, which stands at a height of 4,892 metres, the highest peak in Antarctica. It was challenging for her to hike uphill in the bitter weather while carrying a 70-litre pack.

It is expected that Nha and her climbing team will return to base camp on May 17, after descending the mountain.

According to The Himalayan Database’s latest list, as of December 2021, only three Vietnamese men have successfully ascended Mount Everest.

Everest is the world’s tallest mountain, 8,848.86 metres above sea level. After the Nepal earthquake on April 25, 2015, the mountain has lost 2.4cm in height and relocated 3cm to the southwest. This mountain straddles the boundary between China and Nepal./.

Source: Vietnam News Agency

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Deputy defence ministers of Vietnam, Japan meet in Phnom Penh

Deputy Minister of National Defence Sen. Lt. Gen. Hoang Xuan Chien met with his Japanese counterpart Tsuchimichi Akihiro in Phnom Penh, Cambodia, on May 17 on the sidelines of the ASEAN Defence Senior Officials’ Meeting (ADSOM).

The officials expressed their delight at their countries’ growing extensive strategic partnership in all aspects, including defence.

Despite the COVID-19 pandemic’s impacts, bilateral defence ties have still been maintained and promoted, particularly in delegation exchange, military medical, personnel training, UN peacekeeping, and mutual support at multilateral forums, they noted.

The two deputy ministers agreed that Vietnam and Japan will continue enhancing concrete and substantive cooperation with a focus on increasing all-level mutual visits, addressing war aftermath through projects using the Japanese Government’s official development assistance and non-refundable aid, improving maritime law enforcement capacity, consulting with and supporting each other at multilateral forums, and working closely together to fulfil their role as co-chairs of the ADMM-Plus experts’ working group on peacekeeping operations for 2021 – 2023.

After the ADMM on May 17, the ADMM Plus will take place in Phnom Penh on May 18 with the participation of senior officials from the 10 ASEAN countries and eight partners, namely Russia, the US, India, China, Japan, the Republic of Korea, Australia, and New Zealand./.

Source: Vietnam News Agency

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SEA Games 31: Thailand top Group B in men’s football

Thailand topped Group B in the men’s football of the ongoing SEA Games 31 after a 1-0 win over Laos on May 16, and will face Indonesia in the semi-finals.

Although head coach Alexandre Polking made many changes in Thailand’s line-up compared to the previous match against Cambodia, his team still asserted dominance over Laos.

Thailand took the lead in the 18th minute thanks to an own goal of a Lao defender.

Also in Group B, Malaysia advanced to the semi-finals and will play the hosts Vietnam.

The Vietnam-Malaysia match is scheduled to take place on May 19 at Viet Tri Stadium of northern Phu Tho province, while Thailand will play Indonesia at Thien Truong Stadium in northern Nam Dinh province on the same day.

SEA Games 31, themed “For a Stronger South East Asia”, is being held in Hanoi and 11 neighbouring provinces and cities until May 23.

It features 40 sports with 523 events, attracting around 10,000 participants. The biennial event was initially slated for late 2021 but delayed due to the COVID-19 pandemic./.

Source: Vietnam News Agency