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TRUSTCO APPOINTS INDEPENDENT COMMITTEE TO OVERSEE DELISTING PROCESS

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10 months ago

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Trustco Group Holdings Limited (“Trustco” or “the Company”) announced that its Board of Directors has established an independent committee to manage the proposed delisting from the Johannesburg Stock Exchange (JSE), Namibian Stock Exchange (NSX), and OTCQX Market in the United States. This follows the Company’s earlier announcement evaluating the delisting in preparation for its planned Nasdaq direct listing.

The newly formed committee comprises entirely of independent non-executive directors and is chaired by the Independent Chairperson of the Board, Advocate Raymond Heathcote SC, who will oversee all aspects of the delisting process. This includes coordinating with regulators, ensuring compliance with the JSE Listings Requirements and Namibian Company Law, facilitating shareholder engagement, and overseeing the preparation of a fairness opinion by an appointed independent expert. The JSE accredited Independent Expert has been engaged to conduct the fairness opinion, with the process already commenced.

Quinton van Rooyen, CEO of Trustco Group Holdings

“The appointment of an independent committee underscores Trustco’s commitment to transparency and equitable treatment of all shareholders during this pivotal transition,” said Quinton van Rooyen, CEO of Trustco Group Holdings. “I have full confidence in the Board’s leadership and the expertise of the appointed committee members to execute this process effectively. Their collective experience and diligence will ensure that the delisting process meets the highest standards, addressing all regulatory requirements and safeguarding shareholder interests as we move towards our Nasdaq listing.”

To ensure continuous and effective communication throughout the transition period between delisting and the planned Nasdaq listing, the Company requests all shareholders to update their contact information through the dedicated shareholder contact form at https://www.tgh.na/shareholder-contact-form/. This will enable Trustco to maintain direct communication channels with its shareholder base during the transition.

Regarding the Company’s financial reporting, Trustco also updated shareholders on the progress of the Annual Financial Statements for Fiscal Year 2024. In line with amended Listings Requirements and the ongoing delisting and uplisting processes, a Public Company Accounting Oversight Board Audit (PCAOB audit) for the historical Annual Financial years ended 31 August 2023 and 31 August 2024 is required. Trustco remains incorporated in Namibia and must comply with home country legislation. Accordingly, the company shall complete the Namibian audit for the AFS FY2024. The audit processes are all underway, and shareholders are advised that the AFS FY2024 shall be published as soon as the Namibian audit has been completed and will form part of the delisting process.

A comprehensive formal offer detailing the proposed delisting and the Nasdaq transition timeline will be distributed to shareholders in due course. Shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement is made. For any questions or further information, shareholders can send an email to the company secretary at komada@tgh.na.

About Trustco:

Trustco Group Holdings Limited is a holding company headquartered in Windhoek, Namibia, that owns subsidiaries engaged in diverse business activities spanning the real estate, mining, insurance, micro-finance, and education sectors.

Trustco’s ordinary shares are listed in the JSE under the symbol “TTO” and in the NSX under the symbol “TUC.” Trustco’s American Depositary Shares are quoted on the OTCQX through its ADR program under the symbol “TSCHY.”

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.1% in 2024 and 3.9% in 2025, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 04022523302

The post TRUSTCO APPOINTS INDEPENDENT COMMITTEE TO OVERSEE DELISTING PROCESS appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Belprego Travel launches exclusive charter programs to Qatar for 2026

Published

25 minutes ago

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December 10, 2025

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Bulgarian tour operator Belprego Travel has announced its own charter programs to Doha, Qatar, for the New Year 2026, Valentine’s Day, and spring, featuring direct flights from Sofia and accommodation in five-star hotels.

Sofia, Bulgaria, 10th Dec 2025 – Belprego Travel, a licensed Bulgarian tour operator established in 2010, has announced its own charter programs to Qatar for the 2026 tourism season. The new offerings include direct charter flights from Sofia to Doha for the New Year holidays, a romantic Valentine’s Day package, and multiple spring departures with Qatar Airways.

New Year 2026 program

The flagship New Year program runs from December 27, 2025, to January 3, 2026, featuring an 8-day itinerary with 7 nights. Travelers can choose from a variety of hotels in Doha.

Package prices start from €818 per person for standard accommodation, with premium options reaching up to €3,433 per person at select luxury hotels. All packages include round-trip charter flights with BH Air with 20 kg checked and 7 kg carry-on luggage, airport transfers, and medical insurance with €10,000 coverage.

The premium All-Inclusive option at Rixos Gulf Doha 5-star includes a New Year’s gala dinner, priced from €2,392 per person.

An alternative New Year program with Qatar Airways runs from December 27, 2025, to January 2, 2026, offering 7 days and 6 nights at JW Marriott Marquis City Center Doha, priced from €1,713 per person.
 

Valentine’s Day and spring programs

The Valentine’s Day program runs from February 9–16, 2026, featuring 8 days and 7 nights at a five-star hotel in Doha. Prices start from €920 per person, including direct Qatar Airways flights, transfers, and bed & breakfast accommodation.

Spring 2026 dates are scheduled for February 27, March 13, March 20, and March 28, all operating with direct Qatar Airways flights. The eight-day program includes five-star hotel accommodation with breakfast, with prices from €997 per person.

Optional excursions

Belprego offers a variety of optional excursions for all Qatar programs. Available options include a 4-hour Doha city tour visiting the Museum of Islamic Art, Katara Cultural Village, The Pearl Island, and Souq Waqif market for €75. Desert safari and beach from €100. Evening cruises on a traditional dhow boat start from €50, and a full-day excursion to Zekreet in Western Qatar, including a visit to Richard Serra’s East-West/West-East sculpture installation, is offered for €100.

Visa information

Bulgarian citizens with valid passports can enter Qatar without a pre-issued visa. A free visa is issued upon arrival at Hamad International Airport in Doha. Passports must be valid for at least six months after the date of departure from Qatar.
 

Company statement

“Qatar represents an exciting new destination for Bulgarian tourists seeking a unique combination of modern luxury and traditional Arab culture. Direct charter flights from Sofia make Doha more accessible than ever, and the diverse selection of hotels ensures options for every budget,” said Radoslava Beleganska, Managing Director of Belprego Travel.

About Qatar

Qatar is a peninsular nation on the Persian Gulf, known for its futuristic skyline, world-class museums, traditional markets, and unique desert landscapes where sand dunes meet the sea at the Inland Sea nature reserve. The capital Doha hosted the 2022 FIFA World Cup and has established itself as a leading tourist destination in the Middle East.

About Belprego Travel

Belprego Travel is a licensed Bulgarian tour operator established in 2010, with a nationwide presence through offices in Sofia, Plovdiv, Pazardzhik, Asenovgrad, Peshtera, and Mezdra. The company specializes in organizing charter programs and package holidays to exotic destinations worldwide, including Turkey, the Middle East, and beyond. With a dedicated team committed to long-term partnerships and personalized service, Belprego has built a strong reputation for delivering quality travel experiences at competitive prices.

Media Contact

Organization: Belprego Travel

Contact Person: Marketing

Website: https://www.belprego.com

Email: Send Email

Contact Number: +359883570057

City: Sofia

Country:Bulgaria

Release id:38808

The post Belprego Travel launches exclusive charter programs to Qatar for 2026 appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Asia’s First Drama-Asset Blockchain System Goes Live: Star Xun Redefines Film Investment

Published

40 minutes ago

on

December 10, 2025

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The Star Xun Studio today launched Asia’s first blockchain-based asset system designed specifically for micro-dramas, introducing on-chain copyright registration, NFT-based rights certification, and automated royalty distribution. The system enables transparent, real-time royalty settlement and secure investment participation, marking a structural transformation in how short-form content is financed, owned, and monetized. Industry observers note that the launch could redefine film and micro-drama investment models across the region.

United States, 10th Dec 2025 – Star Xun Studio has announced the launch of a blockchain-supported framework designed to help creators and production teams manage copyright documentation, track usage, and streamline royalty allocation for micro-drama content. The initiative reflects ongoing developments in the short-form entertainment sector, where production volume has increased and digital rights management has become more complex.

The new framework allows each micro-drama project to record key information—such as copyright registration details, contributor agreements, and performance data—on a verifiable ledger. Star Xun Studio states that this approach aims to reduce inconsistencies in documentation and strengthen transparency for participating creators. The system also uses digital identifiers to certify ownership data, helping to address common issues such as attribution disputes or unauthorized redistribution.

A core component of the framework is an automated royalty-allocation module. According to the development team, this module applies predefined distribution rules to calculate and disburse royalties associated with content performance or licensed usage. Participants may view activity logs, usage indicators, and other non-sensitive data through a dashboard intended to simplify accounting workflows.

Industry observers note that the rapid growth of short-form video platforms has increased demand for more structured rights-management tools. The micro-drama category has expanded quickly in several regions, including Southeast Asia, North America, and parts of China, prompting creators and production groups to explore new models for organizing and documenting digital assets. Analysts say blockchain-based systems are one possible method for improving record-keeping efficiency, though adoption varies across markets.

Members of the Star Xun Studio technical team explained that the framework was developed in response to feedback from creators who sought clearer visibility into revenue-sharing processes and usage patterns. They emphasized that the system is intended as an operational tool rather than a financial product, and that the focus remains on accurate record-tracking through a standardized digital infrastructure.

Star Xun Studio plans to continue refining the framework and may explore additional features—such as support for licensing workflows, expanded metadata tagging, and analytical tools that help creators understand content performance trends. The studio described these efforts as part of its long-term objective to strengthen transparency and collaboration within the micro-drama production ecosystem.

About Star Xun Studio

Star Xun Studio is a creative and technology-focused collective involved in micro-drama development and digital rights solutions. The studio works with creators in multiple regions to explore new approaches to content management, copyright documentation, and workflow transparency within the short-form entertainment sector.

Media Contact

Organization: Star Xun Studio

Contact Person: Star Xun drama studio

Website: http://starxun.net

Email: Send Email

Country:United States

Release id:38712

The post Asia’s First Drama-Asset Blockchain System Goes Live: Star Xun Redefines Film Investment appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Thrive Financial Announces New Initiative to Expand Real-World Financial Education and Client Support

Published

40 minutes ago

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December 10, 2025

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Through expertise and ecosystem integration, explore how Thrive Financial helps communities achieve lasting economic growth and generate Real-World Impact.

United States, 10th Dec 2025 – The impact of Thrive Financial has long transcended cold numbers. Our goal is to create a Thrive Financial Ecosystem that generates a positive chain reaction, with the core driving force coming from Thrive Financial Academy Expert Training. We will provide an in-depth look at Thrive Financial Real-World Impact, proving that we are actively changing the financial future of thousands of individuals and bringing lasting economic benefits to the wider community. Our business model seeks not only profitability but also active contribution to society.

Thrive Financial firmly believes that financial education is the most effective tool for empowering individuals and narrowing the social wealth gap. We invest significant resources in promoting financial literacy. This extends beyond paid courses to include regularly held free online seminars, publishing educational white papers for the public, and sharing easy-to-understand financial knowledge on major social media platforms. Through these efforts, we are opening a door to knowledge for communities that traditionally have limited access to high-quality financial education, thereby greatly improving overall financial literacy in society. This is a critical step in fulfilling our Thrive Financial Mission and Vision.

The rapid development of the Thrive Financial Ecosystem is, in itself, a huge contribution to socio-economic growth. As the Academy and the trading platform expand their operations, we continuously create a large number of high-quality employment opportunities, covering fields such as financial analysts, software engineers, customer service specialists, and professional mentors. Furthermore, we actively establish mutually beneficial partnerships with technology suppliers and service providers globally. This open collaborative model not only drives innovation but also injects vitality into the broader business community, ensuring that Thrive Financial can continuously realize its Real-World Impact.

In addition to our contributions in business and education, Thrive Financial is also committed to giving back to society. We actively participate in Corporate Social Responsibility (CSR) activities, such as establishing educational funds to sponsor students in underprivileged areas to access basic financial courses, or organizing volunteer teams to provide pro-bono financial planning consultation for non-profit organizations. These actions demonstrate our long-term commitment to the overall well-being of society and emphasize our stance as a responsible corporate citizen. We believe that the value of a true leading enterprise should be measured by its contribution to society.

Thrive Financial is continuously generating profound Thrive Financial Real-World Impact through its unique Thrive Financial Ecosystem. From providing top-tier Thrive Financial Academy Expert Training to promoting community economic growth, we stand by our commitment to society. Choosing to partner with us is not just choosing quality financial services; it is choosing to support an honest enterprise dedicated to working toward a better future.

 

About Thrive Financial / TLN Exchange

Thrive Financial is dedicated to empowering individuals to achieve financial independence through its integrated ecosystem. The ecosystem includes the Thrive Financial Academy, a leading educational institution offering practical Expert Training and structured Thrive Financial Academy Programs; and TLN Exchange, an efficient and secure financial trading platform based on TLN Exchange Trusted Services and TLN VAULT Security Features. Under the leadership of Noah Larson, Thrive Financial Leader, the company upholds Thrive Financial Integrity and transparency, committed to delivering Thrive Financial Verified Results and creating a positive Thrive Financial Real-World Impact globally.

Media Contact

Organization: Thrive Financial LTD

Contact Person: Noah Larson

Website: https://thrivefin.ai/

Email: Send Email

Country:United States

Release id:37888

The post Thrive Financial Announces New Initiative to Expand Real-World Financial Education and Client Support appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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