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TRUSTCO REQUESTS DELISTING FROM CURRENT EXCHANGES IN PREPARATION FOR NASDAQ MOVE

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Windhoek, Khomas, Namibia, 22nd Jan 2025 – Trustco Group Holdings Limited (“Trustco” or “the Company”) announced today that its Board of Directors is evaluating options to delist from its primary listing on the Johannesburg Stock Exchange (JSE), its secondary listing on the Namibian Stock Exchange (NSX), as well as the OTCQX Market in the United States.

“For nearly two decades, Trustco has maintained its listing in Southern Africa, serving a predominantly local shareholder base,” said Quinton van Rooyen, CEO of Trustco Group Holdings. “However, we’ve witnessed a significant shift in our investor demographics, with a substantial portion of our shareholders now based in the United States. This natural evolution, combined with our planned Nasdaq listing, positions us to better serve our investors and enhance shareholder value.”

Quinton van Rooyen, CEO of Trustco Group Holdings

The proposed delisting process will include the appointment of an independent expert to provide an updated fairness opinion as required by JSE Listings Requirements. Trustco is engaging with the affected stock exchanges regarding a formal delisting proposal.

The Company has also requested an immediate suspension of share trading due to several factors affecting market information symmetry. The ongoing engagement with the JSE regarding the delisting process presents challenges in coordinating with shareholders across different time zones and jurisdictions, creating potential information gaps until the formal delisting announcement and offer are made. Additionally, the Company is currently undergoing three simultaneous audits – a PCAOB audit by USA auditors for Nasdaq requirements, along with South African and Namibian audits – each with different jurisdictional requirements and reporting periods. This situation has resulted in varying levels of information being submitted to different regulators for different purposes.

The Board notes that valuation methodologies and requirements differ significantly across these financial jurisdictions, with certain information being price-sensitive in one jurisdiction while holding different relevance in another. These jurisdictional differences affect both stakeholder engagement requirements and the preparation of the fairness opinion required for the delisting offer.

Furthermore, the recent cautionary announcement on SENS could impact share price trading and market volatility, potentially affecting the fairness opinion. The requested suspension aims to protect shareholder value until the fairness opinion is completed and the formal announcement is made.

A comprehensive formal offer detailing the proposed delisting will be communicated to shareholders. This will include, but will not be limited to, how previously announced transactions and corporate actions will be affected, details regarding the planned Nasdaq direct listing announced on November 21, 2024, and all other information required by the Listings Requirements and Namibian Company Law.

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: 22012522807

The post TRUSTCO REQUESTS DELISTING FROM CURRENT EXCHANGES IN PREPARATION FOR NASDAQ MOVE 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

Dinco Trading LLC Expands Aluminium Tread Plate Offerings and Strengthens Sheet Metal Services Across the UAE and GCC

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Dubai, United Arab Emirates, 2nd May 2025 – Dinco Trading LLC, a premier supplier of aluminium products in the United Arab Emirates since 1997, proudly announces a major step forward in its operations with an expanded inventory of aluminium tread plates and upgraded metal processing capabilities. This strategic move aims to further reinforce Dinco’s position as the go-to supplier for aluminium sheets, plates, coils, and custom metal solutions across the UAE and the broader Gulf Cooperation Council (GCC) region.

With over 25 years of industry expertise, Dinco Trading LLC has been at the forefront of aluminium distribution, catering to a wide spectrum of industries, including construction, architecture, marine, automotive, manufacturing, and industrial engineering. The company’s ongoing investments in stock, services, and technology underscore its mission: to offer unparalleled service, high-quality materials, and timely delivery to clients of all sizes.

Expanded Aluminium Tread Plate Inventory to Serve Growing Demand

Aluminium tread plates, also known as chequered plates, are one of Dinco’s fastest-growing product categories due to their broad applications in both industrial and commercial projects. These plates offer slip resistance, corrosion resistance, aesthetic appeal, and ease of maintenance, making them a popular choice for:

  • Flooring in buses, trailers, and commercial vehicles
  • Stair treads and ramps
  • Loading docks and warehouse walkways
  • Architectural wall cladding and interior decor
  • Marine flooring and gangways
  • Toolboxes and protective surfaces

Dinco Trading now stocks aluminium tread plates in a wide variety of patterns and grades:

  • Patterns: 5-Bar, Diamond, and Quintet
  • Alloys: 1100, 3003, 3105, and 5754
  • Thicknesses: Ranging from 1.5mm up to 6mm
  • Sheet Sizes: Custom sizes and standard dimensions available

The alloy 5754 variant, in particular, is in high demand for marine and offshore applications due to its exceptional resistance to seawater and mechanical stress.

Enhanced Sheet Metal Processing Services

In addition to expanding its product inventory, Dinco Trading has significantly bolstered its in-house fabrication and sheet metal services, making it easier for clients to receive customized, ready-to-use components.

Key service capabilities now include:

  • Laser Cutting: High-speed precision laser cutting for aluminium, stainless steel, and GI sheets using Trumpf technology
  • CNC Sheet Bending: Precise folding and forming using Amada CNC hydraulic press brakes
  • Custom Perforation: Tailor-made designs and patterns for aesthetic and functional requirements
  • Powder Coating & Anodising: Protective and decorative finishes to meet modern architectural demands

Dinco saves clients the time and hassle of outsourcing metal processing to multiple vendors by providing value-added services under a single umbrella. This streamlined approach also ensures faster project timelines and greater quality control.

Wide Range of Aluminium Products Always in Stock

Dinco Trading operates one of the most extensive aluminium stockyards in the UAE, ensuring high availability and quick order fulfillment. Their aluminium product portfolio includes:

  • Plain Aluminium Sheets & Plates: Alloys 1100, 3003, 5005, 5052, 5083, 6082, and 7075
  • Aluminium Stucco Embossed Sheets: Primarily used for insulation and cladding
  • Aluminium Perforated Sheets: Available in various hole sizes and spacing
  • Moisture Barrier Aluminium Coils: Ideal for insulation applications
  • Aluminium Extrusions & Profiles: Available in mill finish and powder-coated variants
  • Marine Grade Aluminium (5083): For shipbuilding, oil & gas, and offshore structures

All materials conform to international standards of quality, with mill test certificates available upon request. Products are sourced from leading mills in Europe, China, India, Taiwan, and South Africa, ensuring reliable quality and competitive pricing.

Strong Delivery Network Across the UAE and GCC

With strategically located warehouses in Dubai, Sharjah, and Abu Dhabi, Dinco Trading offers same-day or next-day delivery across the UAE, backed by a professional logistics team that ensures fast, safe, and accurate order dispatch. The company also ships large volumes to neighbouring countries, including Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Iraq, and Egypt.

Key Projects Featuring Dinco Aluminium Products

Dinco Trading has proudly supplied aluminium products to several iconic projects across the UAE, underscoring the company’s reputation for reliability, quality, and large-scale delivery. And iconic landmark developments relied on Dinco for their high-quality materials, dependable timelines, and collaborative approach.
 

Commitment to Quality, Integrity, and Innovation

At the heart of Dinco Trading’s success is a customer-first philosophy, which is built on:

  • Integrity in every transaction
  • Continuous investment in technology and product variety
  • Unmatched service standards and technical guidance
  • Tailored solutions for every customer, whether large-scale contractors or small fabricators
  • Transparent pricing and reliable communication

The company’s reputation has been forged through over two decades of hard work, repeat business, and industry trust. Dinco’s team of aluminium specialists is always ready to help clients select the right alloy, finish, or service for their unique application.

About Dinco Trading LLC
Established in 1997, Dinco Trading LLC has grown into one of the UAE’s largest and most trusted importers, stockists, and distributors of aluminium sheets, coils, plates, and extrusions. With a commitment to quality, innovation, and timely delivery, Dinco serves more than 2,000 customers across the UAE and GCC.

Contact details 

Dubai – Head Office
Dinco Trading LLC
22 Street, Al Quoz Industrial Area 3
Near Al Quoz Mall
P.O. Box 231384, Dubai, UAE
+971 4 3312182
sales@dinco.ae
https://www.dinco.ae/
 

Sharjah Branch
Dinco Trading LLC
Block-10 Warehouse-6
Al Sajaa Industrial Area Opp Sharlu
P.O. Box 24915, Sharjah, UAE
+971 6 5559967
sales@dinco.ae
 

Abu Dhabi Branch
Dinco Aluminium
36 Al Araji 5 St, Musaffah MW-4
P.O. Box 93402, Abu Dhabi, UAE
+971 2 6712293

Al Sajaa Branch
8J65+GC5 Block-10 Warehouse-6 – Al Sajaa Industrial Area
Sharjah – United Arab Emirates
+971 6 5559967


Company Details

Organization: Dinco Trading LLC
Contact Person Name: Dinco Trading LLC
Website: https://www.dinco.ae/
Email: sales@dinco.ae
Contact Number: +97143312182
Address: 22 Street, Al Quoz Industrial Area 3 Near Al Quoz Mall P.O. Box 231384, UAE
City: Dubai
Country: United Arab Emirates

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Press Release

New PsychiCare Insights Highlight the Importance of Support for Couples Navigating Parenthood

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PsychiCare launches a new online therapy program supporting couples and parents. Discover tools to strengthen relationships while raising children together.

Gurgaon, Haryana, India, 2nd May 2025 – A new report from PsychiCare, a global provider of online therapy, reveals that the transition to parenthood presents unique challenges for many couples, especially when it comes to communication, emotional balance, and co-parenting harmony. Drawing from over 10,000 hours of online therapy sessions, the report emphasizes the need for early emotional support and guided conversations as couples adjust to their evolving roles as both partners and parents.

“We see so many couples who care deeply about each other but are navigating a tough new rhythm after having kids,” says Dr. Jyoti Menon, Licensed Marriage and Family Therapist at PsychiCare. “Therapy can be a powerful space for reconnecting, redistributing responsibilities, and strengthening the bond between partners.”

Key Takeaways:

Many couples report feeling emotionally distant or overwhelmed during early parenthood—not due to lack of love, but due to stress, time pressure, and miscommunication.

Common tension points include differing parenting styles, disrupted intimacy, and the emotional load of caregiving.

Couples who engaged in integrated family support, including child therapy and co-parenting counseling, reported improved connection and communication.

Introducing the “Parenting & Partnership” Program

In response to these findings, PsychiCare has launched a new online therapy program designed to support both the couple and the child. The “Parenting & Partnership” program combines:

Access to licensed therapists for tailored support. Sessions are conducted online, making expert mental health care accessible from anywhere in the U.S. “The goal isn’t to fix something broken,” says Ms. Tilottama Khandelwal, RCI-licensed child psychologist. “It’s to offer guidance, clarity, and tools to help families grow stronger together.”

Free Expert Guide Now Available

As part of this initiative, PsychiCare has released a free downloadable guide:
“How to Stay Connected While Raising Kids” – filled with therapist-approved tips on emotional check-ins, setting boundaries, and staying present as partners.

Download at https://psychicare.com/international-online-therapy/

About PsychiCare

PsychiCare is a global online therapy platform offering holistic support for individuals, couples, children, and families. With a team of licensed psychologists, PsychiCare delivers accessible, science-based care to help people lead healthier, more connected lives.

Media Contact

Organization: PsychiCare
Contact Person Name: Ankur Kumar
Website: https://psychicare.com/
Email: info@psychicare.com
Address: Plot 121, Sector 44
City: Gurgaon
State: Haryana
Country: India

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Press Release

Gordon Buys Homes Revives Wholesale Contract Template, Expands Carlsbad Service

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Gordon Buys Homes has modernized and relaunched its popular wholesale agreement as a free PDF with updated legal language, and has expanded its Carlsbad service to deliver 24-hour cash offers, flexible closings, and no-fee transactions—coupled with a new local housing charity donation initiative—while maintaining its statewide California home-buying program.

San Diego, CA, United States, 2nd May 2025 – Gordon Buys Homes today announced the relaunch of its industry-standard real estate wholesale agreement as an interactive, fillable PDF and the expansion of its dedicated Carlsbad service.

The Gordon Buys Homes wholesale agreement quickly became an essential tool for investors and sellers. After surveying hundreds of users, the company has completely modernized the template and made it available free of charge via the free wholesale agreement page.

To ensure the updated template meets market needs, Gordon Buys Homes partnered with leading real estate attorneys and digital workflow specialists. The upgrade integrates with major transaction management platforms and supports mobile devices, enabling users to review and sign agreements on the go.

Investor Jenna Lee of San Diego pilot-tested the revamped document, reporting a 30% reduction in deal turnaround time. “The interactive format and e-signature feature were game-changers,” she said.

“By modernizing this agreement, Gordon Buys Homes is setting a new industry benchmark for efficiency and compliance,” said Tim Gordon, owner of Gordon Buys Homes.

In response to an increase in Carlsbad inquiries over the last quarter, Gordon Buys Homes has scaled its North County operations. Through the Carlsbad We Buy Houses page, homeowners can:

  • Obtain a fair all-cash offer within 24 hours
  • Schedule closings on their preferred timelines, often within days
  • Eliminate commissions, fees, and lengthy listing processes
  • Access dedicated local experts familiar with Carlsbad’s coastal market

Carlsbad’s median home price has climbed more than 15% year-over-year, intensifying demand for expedited sale options. The Carlsbad team brings together market specialists and legal experts to streamline transactions in this fast-moving environment.

In parallel with this service expansion, Gordon Buys Homes launched a community give-back initiative: for every home purchased in Carlsbad, the company makes a donation to local housing charities—reinforcing its commitment to coastal communities.

Beyond Carlsbad, Gordon Buys Homes continues to serve property owners across California. Details on its statewide cash-purchase program are available on the California home-buying program page.

These strategic initiatives underscore Gordon Buys Homes’ dedication to innovation, transparency, and community partnership. By combining advanced digital tools with hyper-local expertise, the firm aims to redefine convenience in residential real estate transactions.

About Gordon Buys Homes
Gordon Buys Homes is a California-based real estate solutions provider specializing in rapid, all-cash home purchases. Over the past decade, the company has completed hundreds of transactions, delivering transparent, stress-free experiences to homeowners in San Diego, Orange County, and beyond.

Media Contact

Organization: Gordon Buys Homes
Contact Person Name: Tim Gordon
Website: https://gordonbuyshomes.com/
Email: media@infinitycurve.com
Contact Number: +18582641900
Address: 1804 Garnet Ave Suite 399
City: San Diego
State: CA
Country: United States

About Author

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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