Connect with us

Technology

IDC Overseas, Ltd. Announces Expiration and Results of Exchange Offer of its Outstanding 9.0% Notes due 2026

Published

on

TORTOLA, British Virgin Islands, March 21, 2025 /PRNewswire/ — IDC OVERSEAS, LTD. (the “Company” or “IDC”) announced today that its offer to exchange (the “Exchange Offer”) any and all of its outstanding 9.0% Notes due 2026 (ISIN: XS2590265471; Common Code: 259026547) (the “Existing Notes”) for an equal amount of its new 9.0% Notes due 2030 (the “New Notes”) has expired in accordance with its terms at 4:00 p.m. London time on March 21, 2025.  An aggregate principal amount of $144,940,000 of Existing Notes have been validly tendered for exchange, representing 96.63% of the outstanding Existing Notes.  The Company has accepted for exchange all of the Existing Notes tendered.  The Company expects the settlement date of the Exchange Offer to be on or about March 26, 2025

General

BCP Securities, Inc. is acting as exclusive dealer manager for the Exchange Offer. D.F. King Ltd. has been appointed as the information agent and exchange agent for the Exchange Offer. The complete terms and conditions of the Exchange Offer are described in the exchange offer memorandum, copies of which may be obtained by Eligible Holders by contacting (i) BCP Securities, Inc. at jharper@bcpsecurities.com or (ii) D.F. King Ltd. at +44 20 7920 9700 or idc@dfkingltd.com. For more information, visit https://clients.dfkingltd.com/idc.

The New Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States or other jurisdiction, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the New Notes are being offered and sold only to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act (“Eligible Holders”).

This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the New Notes nor an offer to purchase Existing Notes. The Exchange Offer was made solely by means of the exchange offer memorandum.

About the Company

IDC was founded in 1995 and has evolved from a consulting firm to an investment bank, to a multi-fund platform for strategic investments. IDC operates its business through four offices located in Miami, Guatemala City, Madrid and Copenhagen, providing a global platform and local knowledge for sourcing transactions and raising capital for different funds and a network divided into six verticals. IDC’s purpose is to be a transformation agent, ultimately making a positive impact and changing the lives of people through its investments and proprietary projects. As of December 31, 2024, the Company’s assets under management were US$2.1 billion.

Forward-Looking Statements

This release may contain forward-looking statements. These statements relate to our future prospects, developments and business strategies and are identified by our use of terms and phrases such as “believe,” “could,” “would,” “will,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “strategy” and similar terms and phrases, and may include references to assumptions. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that our actual results of operations, including our financial condition and liquidity may differ materially from (and be more negative than) those made in, or suggested by, any forward-looking statements contained in this release. In addition, even if our results of operations, including our financial condition and liquidity and the development of the industry in which we operate, are consistent with the forward-looking statements contained in this release, those results or developments may not be indicative of results or developments in subsequent periods. These forward-looking statements speak only as of the date of this release and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information or future events or developments. More detailed information about these and other factors is set forth in the exchange offer memorandum.

View original content:https://www.prnewswire.com/news-releases/idc-overseas-ltd-announces-expiration-and-results-of-exchange-offer-of-its-outstanding-9-0-notes-due-2026–302408390.html

SOURCE IDC Overseas, Ltd.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Skywork AI launches the world’s first music reasoning large model Mureka O1, leading the global AI music revolution

Published

on

By

BEIJING, March 26, 2025 /CNW/ — On March 26th,  Skywork AI officially launches the Mureka O1 and Mureka V6 models. As the world’s first music reasoning large model, Mureka O1 outperforms Suno and achieves the State of the Art (SOTA). China’s technological innovation is leading the global AI music revolution.

In April 2024,  Mureka released the first-generation music model Mureka V1 (SkyMusic). It received an overwhelmingly positive market response.

Over the past year, our technology and product teams have been working hard to push the boundaries and refine Mureka’s capabilities. So far, users from more than 100 countries and regions around the world have accessed our AI music product—Mureka.

Mureka is a combination of “Music” and “Eureka.” Eureka is an exclamation from Greek, meaning “I have found it” or “I have discovered it,” often used to express moments of sudden inspiration. Mureka hopes that it can quickly capture people’s moments of musical inspiration and create songs in their own unique style.

Mureka V6 & O1 have been fully launched and support seamless switching

Mureka V6 is the current base model of Mureka, supporting pure music generation as well as AI music creation in ten languages, including English, Chinese, Japanese, Korean, French, Spanish, Portuguese, German, Italian, and Russian. In Mureka V6, we have introduced our self-developed ICL (In-Context Learning) technology. This advancement brings several improvements: a more expansive soundscape, enhanced vocal texture, and improved mixing design.

The Mureka O1 model is an optimized version based on Mureka V6 and is the world’s first music model to introduce CoT (chain of thought). It incorporates thinking and self-criticism in the inference process, significantly improving music quality, music creation efficiency, and flexibility.

Both Mureka V6 and O1 models support a wide range of music styles and emotional expressions, which cover Jazz, Electronic, Pop, Country, R&B, Soul, Blues, Rock, Dance, and more. The emotional dimensions include happiness, indulgence, mystery, vitality, sadness, and various other emotional expressions.

In addition, Mureka also offers two unique music generation features:

Music Reference Function: Using the music itself as a prompt, users can directly upload audio files or YouTube links as creative references.
Vocal Function: Mureka is the world’s first AI music generation platform that allows users to choose the vocal timbre of the singer. Users can not only choose from a variety of official singer timbres but also upload their own voices for the AI to learn and replicate, accurately simulating the singer’s timbre and generating personalized exclusive works with a single click. The feature of customizing singer timbres heralds the arrival of the era where everyone can become an AI singer.

The launch of Mureka V6 and O1 represents a significant milestone in the technological advancement of the AI music industry. It also demonstrates the potential of AI in artistic creation and highlights the vast possibilities of continuously exploring new technological forms and artistic expressions.

Mureka O1 adopts the self-developed MusiCoT technology and achieves SOTA

Mureka O1 includes MusiCoT, Mureka’s latest innovative research in the field of music generation, which is technologically advanced and forward-looking. We found that there is very little algorithmic work in music, and only a few teams have made their work public. To address this,Mureka published the implementation principle of Mureka O1 in the form of a paper, and welcome the industry to make better work on this basis.

Mureka O1 incorporates the latest achievements in music generation from the Mureka team—MusiCoT. MusiCoT is a variant of the Chain-of-Thought (CoT) method tailored for music generation. Unlike traditional autoregressive models that generate audio step-by-step, MusiCoT pre-generates the overall music structure before finalizing the audio tokens for decoding. This approach significantly improves the structural coherence and instrumental arrangement of the generated music.

Built on the CLAP model, MusiCoT achieves high scalability without requiring manual annotations. It not only enhances the analyzability and quality of generated music, but also paves a new path for high-fidelity music generation. With MusiCoT, we usher in an era of structured music creation using AI, offering exceptional possibilities for musicians and producers.

Given to the introduction of Chain-of-Thought (CoT) technology and the upgrade of the algorithm framework, Mureka O1 not only maintains low-latency music generation but also significantly improves the lyrics accuracy, singing accuracy, and production quality. It surpassed Suno V4 in multiple metrics.

Music isn’t math. Ultimately, it’s all about what sounds good to the ear. That’s why both subjective evaluation and objective metrics are crucial. Under this philosophy, Mureka O1 excels across various aspects in our subjective assessment and ranks among the top-tier models in this category,including Mixing, Vocal Texture and Background Music Texture.

Mureka offers API service and model fine-tuning function

Mureka is the world’s first high-quality AI music generation platform with open API services. Both developers and music platforms can now seamlessly integrate Mureka’s music generation capabilities into their own products or platforms, making it easier to extend their business value with AI music capabilities.

In addition to opening up API services for the first time worldwide, Mureka synchronously opens up model fine-tuning services based on Mureka V6. Become the world’s first AI music generation platform with open model fine-tuning function.

This feature makes AI music creation more personalized, providing customized AI music solutions for musicians, producers, and even brands and game developers.In the future, the Mureka team will continue to invest in model capabilities to keep our music model in the top tier in the world, while developing more music creation functions on top of the base model, such as secondary editing of music generation, song creation, and so on.

Users around the world are welcome to log on to Mureka (www.mureka.ai) to experience the new V6&O1 model, explore the infinite possibilities of music creation with AI music creators around the world, and build an AI music developer ecosystem.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kunlun-tech-launches-the-worlds-first-music-reasoning-large-model-mureka-o1-leading-the-global-ai-music-revolution-302411665.html

SOURCE Skywork AI

Continue Reading

Technology

Announcing the 2025 M&A Source Spring Conference & Deal Market

Published

on

By

INDEPENDENCE, Ohio, March 26, 2025 /PRNewswire/ — M&A Source® announces the 2025 Spring Conference & Deal Market, where established lower middle market advisors, investment bankers and investors throughout the U.S. will gather to build their skills, make connections and uncover deal-making opportunities. Registration is open for this highly anticipated event, taking place from May 20-21 at The Renaissance Orlando at SeaWorld in Orlando, FL. M&A Source® professional development courses will be offered on May 19. M&A Source® is the leading trade association for the lower middle market deal community.

 

The M&A Source® Conferences and Deal Markets, held in the spring and fall each year, provide carefully curated opportunities for lower middle market advisors, private equity groups, family offices and search funds to establish relationships and build deal flow.

On May 20, highly acclaimed keynote speaker, David Horsager will present, Trust Matters More than Ever. A leading authority on trust, Mr Horsager will reveal the 8 Pillar Framework™ that has helped top leaders and organizations gain trust from consumers, employers, investors and the public. For business advisors, trust is essential to guide and influence clients effectively.

A wide range of M&A Source® professional education courses are scheduled on May 19. Written and presented by the industry’s top thought leaders and practitioners, options are available for a spectrum of experience levels to maximize success for lower middle market practices.

Conference-related festivities begin with a New Attendee Gathering on May 18 and a Kick-off Cocktail Party on Monday May 19.

“The M&A Source® Conferences and Deal Markets are the premier events for the advancement of the LMM deal community. True to our mission, we’re proud to provide high-level educational and networking opportunities for our members‒transaction advisors, related professionals and investors, who are dedicated to the highest standards of client care.” – Kathlene Thiel, Chair of the Board, M&A Source®

Register now for the M&A Source 2025 Spring Conference & Deal Market.

M&A Source® is the leading not for profit association for individuals and firms engaged in lower middle market business transactions. The association provides education, benefits, conferences, support programs and networking opportunities, and awards the Mergers & Acquisitions Master Intermediary® (M&AMI®) designation to qualified advisors. For additional information, contact M&A Source directly at 216-243-0030.

[Website] www.masource.org

[Social Media Handles]
Facebook – https://www.facebook.com/profile.php?id=61558836868836&is_tour_dismissed
Twitter – https://x.com/dealmakerinside
Instagram – https://www.instagram.com/dealmakerinsider/
LinkedIn – https://www.linkedin.com/company/deal-maker-insider
Pinterest – https://www.pinterest.com/dealmakerinsider/

View original content to download multimedia:https://www.prnewswire.com/news-releases/announcing-the-2025-ma-source-spring-conference–deal-market-302411255.html

SOURCE M&A Source

Continue Reading

Technology

Yingli Solar Modules Certified by Certisolis for Low Carbon Footprint

Published

on

By

BAODING, China, March 26, 2025 /PRNewswire/ — Yingli Solar complies with Certisolis’ French Carbon Footprint regulation for four types of solar modules: bifacial and glass-glass (2+2 mm), ranging from 460 Wc and 630 WC to 645 Wc and 725 Wc, respectively.

Yingli Solar, founded in Baoding, Hebei province, China, near Beijing, has been a pioneer and pillar in the solar industry for 27 years. Today, Yingli Solar maintains its Tier 1 ranking and global presence, with local employees providing tailored services to customers worldwide.

France has unique carbon footprint certification requirements, which can benefit other European and global markets by enabling raw material supply tracing. 

Mr Xiong, CEO of Yingli Solar, states: “As part of our Environmental, Social, and Governance approach, we are proud to have obtained carbon footprint certification for all our solar modules. Furthermore, we are among the few top 10 solar module manufacturers with a low carbon footprint score for all modules (400 kg eq CO ₂ /kWc). This team achievement demonstrates our dedication to our long-standing French and European strategic clients.”

Hital Wang, Deputy General Manager of International Sales at Yingli Solar, has long advocated for carbon neutrality regulations to make energy production greener: “Our commitment to reducing our carbon emissions to zero throughout the entire value chain is at the core of our strategy. We believe this also supports our clients’ development, as they always consider how suppliers are leading in carbon emission neutrality. At Yingli Solar, we consistently improve our analysis of raw material sourcing to achieve a cleaner and better carbon footprint score.”

Since March 2024, Mr. Larruchon has been leading the French team: “This low carbon footprint achievement will greatly support our long-standing French and European strategic clients. The carbon footprint score influences tender rewards and makes PPA projects more valuable assets for owners. Carbon emissions in our operations are central to our present and future efforts for global carbon neutrality. Our world is under pressure from climate change, and we will not cease these efforts as long as they do not significantly impact the LCOE.”

Yingli Solar is ranked among the top 10 solar module companies and looks toward the future with a positive vision, aiming to provide clients worldwide with stability in an ever-changing industry.

View original content:https://www.prnewswire.co.uk/news-releases/yingli-solar-modules-certified-by-certisolis-for-low-carbon-footprint-302411745.html

Continue Reading

Trending