Gardai swoop on Limerick criminal activity

first_imgWhatsApp Linkedin Advertisement Facebook Email As part of the national anti-crime strategy Operation Thor Gardai from Limerick have seized quantities of drugs and cash during a search operation targeting organised criminal groups in Limerick City.12 separate locations were searched during a planned operation involving Gardaí attached to the Limerick Divisional Drugs Squad, Detective and Crime Units, Divisional Traffic Corps, Regional Support Unit and other local units this Saturday afternoon. The locations searched included houses, derelict houses and waste lands.Sign up for the weekly Limerick Post newsletter Sign Up Controlled drugs, including Cannabis Resin, Cocaine and Benzodiazepine with a combined estimated street value in excess of €80,000 (pending analysis), along with €13,000 in cash was seized during the searches. A number of shotgun cartridges were also recovered at one of the locations.No arrests were made during this phase of the investigation.center_img Print NewsBreaking newsGardai swoop on Limerick criminal activityBy Staff Reporter – November 14, 2015 624 Twitter Previous articleDusk Ahead ‘entre chien et loup’Next articleAn Evening with Mae Leonard Staff Reporterhttp://www.limerickpost.ielast_img read more

Rep Noble invites residents to open office hour in Plymouth

first_img State Rep. Jeff Noble of Plymouth will host an open office hour on Monday, Sept. 18 from 1 to 2 p.m. in the Plymouth Township Hall Multi-Function Room located at 9955 N. Haggerty Road in Plymouth.“I am committed to meeting residents and discussing matters of state government,” Rep. Noble said. “I look forward to hearing about what issues are important to people in my district.”No appointment is necessary. Those unable to attend may contact Rep. Noble at 517-373-3816 or via email at [email protected] 08Sep Rep. Noble invites residents to open office hour in Plymouth Categories: Noble Newslast_img

Wanda stock skyrockets after 54bn Tencent tieup

Hong Kong shares linked to troubled Chinese conglomerate Wanda surged 52 percent Tuesday after the company announced a $5.4-billion stake sale and retail tie-up with investors including internet giant Tencent. Explore further It is the latest move by Wanda boss Wang Jianlin—once China’s richest man—to sell off parts of his real estate empire following a rapid diversification that left the firm mired in debt and under the scrutiny of government regulators.Wanda Group will sell 14 percent of Wanda Commercial Properties, China’s largest shopping mall operator and the group’s flagship, for 34 billion yuan ($5.4 billion).Led by Tencent, the buyers will include leading retailer Suning, ecommerce company JD.com, and real estate giant Sunac, Wanda said in a statement late Monday.The hook-up with the likes of Tencent and JD.com signals a change in strategy for Wanda—moving away from property development and wading into the rapidly evolving Chinese retail sector.The news sent the Hong Kong shares of its hospitality arm Wanda Hotels—its main publicly-listed entity—skyrocketing.The stock leapt 52 percent early Tuesday before falling back to HK$1.72, up 27 percent, just before noon.The group said Wanda Commercial Properties “will stop engaging in property development and will transform into a company solely focused on commercial management.” Wanda would look to take the company—which will be rechristened Wanda Commercial Management—public “as soon as possible.” Wang had delisted Wanda Commercial from the Hong Kong exchange in 2016 due to low valuations.The conglomerate’s statement said Wanda Commercial would combine its “vast shopping mall assets” with the retail and internet power of Tencent, Suning, and JD.com, to “jointly build a ‘new consumption’ model in China that will integrate both online and offline services.””This represents one of the world’s largest single strategic investments between Internet companies and brick-and-mortar commercial giants,” Wanda said.Those plans would likely put them in competition with Alibaba, the Chinese e-commerce titan that is pressing ahead with plans to extend its influence in the bricks-and-mortar sphere. Wanda Group had diversified rapidly in recent years from commercial property into entertainment, theme parks, sports and other sectors, but is now squeezed by debts run up through a series of massive, high-profile foreign acquisitions.Wanda and other Chinese conglomerates that expanded quickly overseas have come under official scrutiny as Beijing clamps down on capital flight and skyrocketing debt.Wanda has been selling off assets after reports said authorities advised banks to avoid loans to the group.Among other divestments, last year it sold dozens of hotels and other projects to Sunac and real estate firm R&F Properties for around $10 billion. © 2018 AFP Chinese e-commerce rivals challenge Alibaba (Update) Wang Jianlin, once China’s richest man, has been selling off parts of his real estate empire following a rapid diversification that left the firm mired in debt Citation: Wanda stock skyrockets after $5.4bn Tencent tie-up (2018, January 30) retrieved 18 July 2019 from https://phys.org/news/2018-01-wanda-stock-skyrockets-54bn-tencent.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more