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Files Voluntary Petitions for Chapter 11 Protection

Ample Liquidity with $167 Million in Cash to Support Operations

(BUSINESS WIRE)-- Celsius Network (“Celsius” or “the Company”) today announced that it initiated voluntary Chapter 11 proceedings to provide the Company with the opportunity to stabilize its business and consummate a comprehensive restructuring transaction that maximizes value for all stakeholders. To implement the restructuring, the Company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (“the Court”).

Members of the Special Committee of the Board of Directors said, “Today’s filing follows the difficult but necessary decision by Celsius last month to pause withdrawals, swaps, and transfers on its platform to stabilize its business ... Read more »

Views: 56 | Added by: africa-live | Date: 07.16.2022 | Comments (0)

BEIJING - Friday, 15. July 2022

(BUSINESS WIRE)-- Sinovac Biotech Ltd. (“SINOVAC” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, announced that its COVID-19 vaccine (CoronaVac) has been approved by the Brazilian Health Regulatory Agency (Anvisa) for emergency use in children from 3 to 5 years old on 13 July. These children will receive the same dose that is already applied to minors aged 6 to 17 years and adults and there is no restriction on the application for immunosuppressed children aged 3 to 5 years.

This authorization was given under comprehensive evaluations based on analysis results from all available data on the vaccine and its use in children. Analysis relied on information submitted by the Butantan Institute, with research data from Chile, where the vaccine is already used in this age group, research results on Covid-19 vaccination in Brazil, opinions from invited medical societies, real ... Read more »

Views: 51 | Added by: africa-live | Date: 07.16.2022 | Comments (0)

DUBAI, United Arab Emirates - Friday, 15. July 2022 

Kitch-In, an innovative Dubai food tech company, is launching Burger Load to its growing online F&B brand platform, which offers a tasty option for those in the mood for a burger and fries.

Martin Venter, Kitch- In Chief Operating Officer said: "We are launching a series of homegrown brands with our delivery partners to meet the needs and tastes of our customers in the UAE and Burger Load will be the first of many bespoke brands to come out of the proverbial Kitch-In over the coming months.

With the utilization of machine learning, we are able to identify price points and cuisine types that our customers are after within each delivery zone.

In Burger Load, foodies can choose from chicken or beef burgers, sliders if they want a little bit of everything, wraps, and fries to complete their meal. Our food is made with the finest ingredients to ensure great quality and taste.

... Read more »

Views: 54 | Added by: africa-live | Date: 07.16.2022 | Comments (0)