Press Release
TRUSTCO REQUESTS DELISTING FROM CURRENT EXCHANGES IN PREPARATION FOR NASDAQ MOVE
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.”
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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.
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.
Press Release
Scientology Opens Ideal Center in Pilsen: A European Hub for Culture, Spiritual Growth and Community Help
On February 22, 2025, the first Ideal Dianetics and Scientology Center in the Czech Republic opened in Pilsen. The event marked a milestone for local community projects and spiritual development. Guests, including local leaders, praised its role in social betterment, drug prevention, and disaster relief. The center offers spiritual counseling, life improvement courses, and volunteer initiatives. Director Petr Gono emphasized its mission to help individuals lead fulfilling lives. The facility embodies L. Ron Hubbard’s vision of uplifting society through personal and community growth.
Brussels, Belgium, 26th Feb 2025 – Saturday, February 22, 2025, marked a significant milestone for Scientology and its long-standing community projects in the Czech Republic. In the historic city of Pilsen—famous for its industrial heritage and rich cultural life—the first Ideal Dianetics and Scientology Center in the Czech Republic was officially opened.
Pilsen, home to nearly 200,000 residents, is a city where history meets modern life. It proudly holds the title of European Capital of Culture 2015, and it is now the site of a center dedicated to personal development, spiritual growth, and community support. The Ideal Center offers a full range of basic and introductory Scientology services, including spiritual counseling (auditing), and is designed to help individuals achieve spiritual freedom.
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A Celebration of Community Spirit and Help
The grand opening was not only the inauguration of a new center but also a celebration of the fifth anniversary of the original Dianetics Center in Pilsen. Guests from across Czech Republic and the neighboring Slovakia gathered to commemorate this milestone and the progress made in community help and spiritual development.
Several distinguished guests spoke during the ceremony, sharing their experiences with Scientology Know-how and Scientology-supported initiatives and studies emphasizing the importance of cooperation and helping others.
The Mayor of Nerestce addressed the growing social challenges in his speech:
“Over the years, I have witnessed the moral fabric of our society deteriorating. It seems that kindness and compassion are fading, while we face rising violence, drug abuse, and social problems. Organizations like yours are crucial – they educate young people and show them that running away from challenges is not the solution.”
An international leader in Roma football and the founder of the Mongaguá project highlighted the power of unity:
“I believe that if we stand together, we can positively impact countless children, their parents, and entire communities…. I trust that you will continue spreading values and respect.”
The Mayor of Písečná delivered an emotional speech, expressing gratitude for the help provided by Scientology Volunteer Ministers after the devastating floods of 2024:
“The most important thing, as you demonstrated when helping the people of Písečná, is HELP.”
In fact, the Ideal Mission serves as the central hub for organizing and launching Scientology community projects. One of its main focuses is helping younger generations avoid drug abuse through weekly drug education programs, which have been running for over 20 years in the Czech Republic.
To address the decline in moral values, The Way to Happiness book is regularly distributed throughout the community, encouraging positive change and ethical living.
The Scientology Volunteer Ministers program operates under the motto, “Something can be done about it,” a principle actively demonstrated during last year’s devastating floods and through ongoing clean-up efforts in several areas of Plzeň. This initiative, which has been running for several months, continues to set a positive example for others. In times without natural disasters, one of the key activities involves removing discarded syringes to ensure a safer environment for everyone. Volunteer ministers are working on this for several months, every day.
A Mission to Help and Inspire
Petr Gono, Director of the new Ideal Scientology Center, outlined the organization’s mission in his address:
“We are here to help restore the desire to live a fulfilling life—free from drugs, with harmonious relationships, where children can grow up in an environment full of love and care. We are here to help people overcome past failures and build a better future—not just for themselves, but for all of us. That is our mission.”
“The local Ideal Dianetics and Scientology Center is an important place because it is open to everyone—whether they are Scientologists or not. All it takes is a good heart and a desire to improve oneself, one’s group, or to help the entire society. This is the place where we organize most of our community projects—whether it’s a simple clean-up, promoting moral values, or disaster relief. It is where we bring the vision of Mr. L. Ron Hubbard, the founder of Scientology, to life,” said the Director of Scientology Community Projects and Public Affairs, David Macoun.
From Brussels, Ivan Arjona-Pelado, President of the European Office of the Church of Scientology for Public Affairs and Human Rights stated that “the people of the Czech Republic are setting an example as to what it means to help those in need, and keep showing it once and again, so I can only be happy that they have this ideal facilities from where they can further expand their help and open the doors to spiritual enlightenment to even more people”.
Comprehensive Facilities for Personal Growth and Community Help
As an Ideal Dianetics and Scientology Mission, the Plzeň facility is equipped with all the necessary resources to deliver a wide range of introductory Scientology services. These include:
• Life Improvement Courses – offering practical solutions to everyday challenges, such as improving communication, raising children successfully, strengthening interpersonal relationships, and achieving personal goals.
• Personal Efficiency Seminars – covering topics such as the human mind, effective communication, and stress management.
• Spiritual Counseling (Auditing) – helping individuals overcome spiritual and emotional barriers and achieve personal freedom.
This new center is not only a place for personal growth but also a hub for extensive Scientology community projects. The organization focuses on raising moral standards, drug prevention, disaster relief, and other initiatives aimed at creating a positive social impact.
The new Ideal Scientology Center in Plzeň represents another step toward fulfilling the vision of L. Ron Hubbard, who believed that helping others and working together are the keys to building a better and more just society.
Media Contact
Organization: European Office Church of Scientology for Public Affairs and Human Rights
Contact Person: Ivan Arjona
Website: https://www.europeanaffairs.eu
Email: Send Email
Address: Boulevard de Waterloo 103
City: Brussels
State: Brussels
Country: Belgium
Release Id: 26022524379
The post Scientology Opens Ideal Center in Pilsen: A European Hub for Culture, Spiritual Growth and Community Help appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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.
Press Release
HSK, a Utility Token for HashKey, Will Be Listed on CoinW Exchange
HSK, HashKey’s utility token, lists on CoinW Feb 28th! Trade HSK/USDT and win from 20,000 USDT. HSK powers the HashKey ecosystem, offering rewards and governance.
Dubai, United Arab Emirates, 26th Feb 2025 – CoinW, the world’s pioneering cryptocurrency trading platform, will list HSK, a Utility Token for the HashKey ecosystem, on the Innovation Zone. For all CoinW users, the HSK/USDT will be officially available for trading on February 28th, 2025, at 11:00 (UTC). To celebrate the listing of HSK, we are launching the “ HSK Bounty Program” event with a reward pool of 20,000 USDT.
HSK: The Cornerstone of the HashKey Ecosystem
HSK (HashKey Platform Token), a pivotal asset within the HashKey Group’s regulated digital asset ecosystem. Built on Ethereum’s ERC-20 standard, HSK serves as the fundamental utility token that drives synergy across HashKey’s business lines, fostering growth, collaboration, and user participation. With a total supply of 1 billion HSK, the token is designed to enhance Web3 integration and promote mass adoption of compliant digital asset solutions.
HashKey Group, a leading digital asset financial services provider headquartered in Hong Kong, operates under strict regulatory compliance across global financial hubs, ensuring its ecosystem aligns with institutional-grade security and transparency. By leveraging HSK, users can access exclusive services, participate in ecosystem governance, and benefit from tokenized incentives, further reinforcing the utility-driven model of the HashKey ecosystem.
As regulatory frameworks evolve, HashKey Group has remained at the forefront, securing licenses from the Hong Kong SFC, Singapore MAS, and Bermuda Monetary Authority to establish a trusted and scalable financial ecosystem.
Comprehensive Utility and Ecosystem Growth
HSK is more than just a digital asset—it is a catalyst for ecosystem expansion and innovation. Within the HashKey framework, HSK facilitates trading fee discounts, custody fee reductions, early access to exclusive token sales, community voting rights, and research insights. By rewarding user engagement and ecosystem contributions, HSK actively attracts new participants while ensuring long-term sustainable growth.
A key milestone in its development is the planned launch of HashKey Chain, a Layer 2 blockchain powered by OP-Stack technology, where HSK will serve as the native gas token. This transition will not only enhance transaction efficiency but also unlock cross-platform value synergies, driving broader integration across decentralized applications and digital finance.
20,000 USDT Limited-Time Offer for CoinW Community
To celebrate the listing, 20,000 USDT equivalent HSK prize pool will be up for grabs from February 28th, 2025, at 11:00 (UTC) to March 9th, 2025, at 16:00 (UTC). By participating in events such as registration, trading, and community events, CoinW users have the opportunity to share in a prize pool of 20,000 USDT. To claim your rewards, please click here.
About CoinW
CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world’s most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, you can visit the official website, and follow CoinW’s Twitter Account, Btok, and Telegram Group.
About HSK
As the ecological platform currency of HashKey Group, HSK is used to incentivize contributors who form the entire ecosystem, promote the development of the entire ecosystem, and can expand to ecological external synergies.
Media Contact
Organization: CoinW
Contact Person: Angelo Tan
Website: https://www.coinw.com/
Email: Send Email
City: Dubai
Country: United Arab Emirates
Release Id: 26022524415
The post HSK, a Utility Token for HashKey, Will Be Listed on CoinW Exchange appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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.
Press Release
BlackFort Enters a New Era with BXN Token Migration and Strategic Growth Plans
Dubai, United Arab Emirates — BlackFort, a leading blockchain ecosystem, is taking a major step forward with the BXN token migration, marking a significant milestone in its mission to drive secure, scalable, and user-centric blockchain adoption. This evolution sets the stage for new opportunities, stronger partnerships, and a more expansive future for BXN holders.
BXN Migration: A Seamless Transition
The BXN migration is set to begin on February 25, 2025, ensuring a smooth and secure transition for all holders. Users will have two months to withdraw their BXN tokens to the BlackFort Exchange Network Blockchain mainnet or other supported exchanges.
“This transition marks the next phase of BlackFort’s evolution. We are not just migrating BXN; we are laying the groundwork for long-term growth, stronger partnerships, and a more accessible ecosystem for our community. The future is bright, and we’re just getting started.” said Stefan Huber, CEO of BlackFort
BXN Withdrawals: Where to Go Next?
BXN holders can withdraw their tokens to various platforms, including:
- Gate.io
- MEXC.com
- LBank.com
- Biconomy
- More coming soon!
For the highest level of security and control, BlackFort recommends self-custody through the BlackFort Wallet, offering:
- Lower transaction fees
- Cashback rewards for swaps
- Exclusive buy & sell order functionalities
BlackFort Wallet is designed to empower users with full ownership of their assets while providing a seamless experience for managing and transacting in crypto.
Beyond Migration: The Roadmap for Growth
The BXN migration sets the stage for an exciting future, with BlackFort rolling out several major initiatives:
- Expanding BXN’s liquidity through additional exchange listings
- Enhancing validator and delegator functionalities for ecosystem growth
- Launching large-scale marketing campaigns to increase global adoption
- Building strategic partnerships to strengthen BlackFort’s position in Web3
With a strong foundation in Layer 1 blockchain technology, digital payments, and real-world asset tokenization, BlackFort is continuously innovating to offer scalable, efficient, and accessible blockchain solutions.
About BlackFort
BlackFort is a pioneering blockchain ecosystem offering a secure Layer 1 blockchain, a next-generation digital wallet, payment solutions, asset tokenization, and Web3 media services. With a strong focus on security, efficiency, and real-world usability, BlackFort is revolutionizing how individuals and businesses interact with decentralized technology. Learn more about BlackFort here.
Media Contact:
Full company name: BlackFort Technologies
Company website: https://blackfort.com/
Full name: Haris Mughal
Position: Marketing
Official email id: press@blackfort.com
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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