Islamabad: Efforts to sell Mitchell Fruit Farms are in full swing. After the company announced that it was in talks with pharmaceutical company CCL Limited, it chose to initiate talks with IGI Investments, a subsidiary of Packages Group’s IGI Holding Company. If the company is sold to Packages Group through IGI, it would essentially mean … Read more
More than a year after the Regent Plaza Hotel was sold to the Sindh Urology and Transplant Institute, its parent company, the Pakistan Hotel Development Corporation, has withdrawn from the Pakistan Stock Exchange. Other than a few properties that were essentially unused, PHDL’s main asset was the Regent Plaza Hotel, which was a long way … Read more
OpenAI, the owner of ChatGPT, the Microsoft-backed AI startup, began selling shares worth $1.5 billion on Wednesday to its employees in a new tender offer for Japanese conglomerate SoftBank, according to a report in Reuters citing sources. SoftBank CEO Masayoshi Son, keen to expand his stake in the AI leader, plans to invest through Vision … Read more
Fidalgo Film Distribution in Norway has acquired “I, The Song” by Bhutanese director Dechen Rudder. The film had its world premiere at the Tallinn Black Nights Film Festival, where it was acquired, and had its Asian premiere at the International Film Festival of India (IFFI), Goa. In the film, to save her job and reputation, … Read more