BlackBerry has completed the redemption of all of its 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") on September 1, 2020. None of the 3.75% Debentures were converted into common shares of BlackBerry prior to redemption.
BlackBerry has announced the amendment of the indenture governing its outstanding 3.75% unsecured convertible debentures to permit the optional redemption of the 3.75% Debentures prior to November 13, 2020.
BlackBerry Shareholder Dorsey R. Gardner has objected to BlackBerry's recently announced recapitalisation transactions, which he argues give rise to a clear conflict of interest as they involve Fairfax Financial Holdings Limited and certain of its affiliates (collectively, "Fairfax")
sync. is aiming to become the first digital smart open banking app offering an easy-to-use financial service across Europe, promising to manage every aspect of a user's financial life in one place. sync. says it was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer.
BlackBerry has provided further details regarding the proposed refinancing of its outstanding US$605 million principal amount of 3.75% unsecured convertible debentures, which mature on November 13, 2020. BlackBerry announced the proposed refinancing on July 22, 2020, and intends to complete the transaction on September 1, 2020.
Huawei has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, amid calls to boycott Chinese goods in Asia's third-largest economy.
BlackBerry has obtained consents from the beneficial owners of 88.39% of its outstanding 3.75% unsecured convertible debentures including Fairfax Financial Holdings and certain of its affiliates.
Huawei said its revenue grew 13.1 per cent year-on-year in the first half of 2020 despite the global coronavirus pandemic and ongoing sanctions from the US.
Huawei has released its 2019 Annual Report with global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year.
Apple has announced that it doesn't expect to meet the quarterly revenue guidance it shared on January 28 due to the ongoing Coronavirus outbreak.
Huawei said Tuesday that its sales rose a lower-than-projected 18% in 2019 and predicted tough times ahead as the U.S. moves to restrict its business.