Rektron Group Inc

Rektron Group Inc Completed A Successful IPO and Global Trading Debut The IPO marks a pivotal moment for Rektron as we continue to scale our operations and accelerate our vision of growth within the trading business. Shares are now officially trading on the Canadian Securities Exchange (CSE) under the ticker symbol "REK.U", Frankfurt Stock Exchange (FSE) and Tradegate Exchange GmbH under the ticker symbol "F75", expanding our global reach and providing investors with new opportunities. The FSE, one of the worlds largest exchanges, and the TE making it easier for European investors to participate. #IPO #Rektron #GlobalTrading #CSE #FrankfurtStockExchange #TradegateExchange

LME week comes to a close, and Copper takes the lead. https://lnkd.in/eqZ3TRha #LMEWeek2024

We are proud to be one of the largest corporate IPOs to be completed on any Canadian stock exchange this year! 🙌 Richard Carleton, CEO of the CSE comments available in the full article below ⬇ https://lnkd.in/eDFiqa4y

News 🌐 HSBC and Hang Seng Bank have partnered with technology providers and blockchain consortiums in Hong Kong to pilot tokenised electronic bills of lading (eBLs) to accelerate trade finance payments and support SME funding. This initiative, part of Hong Kong's central bank's Project Ensemble, explores using digital infrastructure to tokenize real-world assets like eBLs. The pilot involves HSBC, Hang Seng, and Ant Digital Technologies, exchanging tokenised deposits and eBLs to settle trade payments. The move from paper to electronic bills could reduce trade costs and carbon emissions, though eBL adoption remains low, with major shipping companies committing to full adoption by 2030. Full article available at Global Trade Review 🌐 https://lnkd.in/e8shbnBF

Global Updates 🌐 HSBC and Hang Seng Bank have partnered with technology providers and blockchain consortiums in Hong Kong to pilot tokenised electronic bills of lading (eBLs) to accelerate trade finance payments and support SME funding. This initiative, part of Hong Kong's central bank's Project Ensemble, explores using digital infrastructure to tokenize real-world assets like eBLs. The pilot involves HSBC, Hang Seng, and Ant Digital Technologies, exchanging tokenised deposits and eBLs to settle trade payments. The move from paper to electronic bills could reduce trade costs and carbon emissions, though eBL adoption remains low, with major shipping companies committing to full adoption by 2030. #eBL #Commodities #GlobalTrade

📣 News! #IPO

📰 Rektron Group Inc. Announces Successful IPO on the Canadian Securities Exchange (CSE) We are thrilled to announce that Rektron Group Inc. has successfully closed its IPO and is now trading on the Canadian Securities Exchange under the symbol REK.U. This is a monumental milestone for the company, and it marks just the beginning of an exciting journey ahead. Rektron Group Inc. is proud to maintain a team of seasoned management and traders, bringing together energy and metals experts, City of London and Wall Street bankers. With a commitment to extensive geographical and product diversification, our expertise spans principal energy and metals products, Energy Transition Commodities (ETC), recycled metals, and compliant refined oil products. Stay tuned as we continue to innovate and grow in the global marketplace! https://lnkd.in/eXUj_XNW

News 🗞 China, the world’s biggest maker of solar panels, EVs, and wind turbines, has built the world’s largest offshore oil platform that will be used at the Marjan field in Saudi Arabia. The structure, according to Chinese media, represents a breakthrough in the country’s development of large-scale offshore energy infrastructure. It also signals that there is enough demand for oil to motivate the investment in such a massive structure. Indeed, the parameters of the platform are impressive. At 24 stories high, the platform weighs over 17,000 tons, has a deck the size of 15 basketball courts, and has an annual capacity for 24 million tons of crude oil, which is about 176 million barrels, and 7.4 billion cubic meters of natural gas. The platform will now travel to Saudi Arabia where it will be installed at the Marjan field, which is currently undergoing an expansion aimed at boosting production. The program will cost $12 billion and add 300,000 barrels daily to the field’s capacity, bringing the total to 800,000 bpd. It would also add another 360,000 bpd in ethane and natural gas liquids production. The gas production capacity of the field is set to rise by 2.5 billion cu ft per day. All this is happening while the International Energy Agency forecasts peak oil demand before 2030. It seems that with or without that peak, there will be plenty of demand for new production capacity, even as Saudi Arabia cancelled its broader production capacity expansion program amid falling oil prices. The completion of the Chinese mega platform also coincided with another breakthrough, this time from Chevron. The company announced last week it had successfully tested a new high-pressure extraction technology at a deep water well in the Gulf of Mexico. The success of the technology means more resources could become recoverable. Full article available - https://lnkd.in/e_UfHASE #Commodities #Energy

Today, we are celebrating National Respect Canada Day! Canada is ranked sixth in terms entrepreneurship and is renowned for being one of the safest places to live. Not to mention its breath taking natural beauty, with spectacular vistas of gorgeous lakes and snow-capped mountains. Here at Rektron Group, we are proud to support our group's global trading operations. For more information please visit: www.rektrongroup.com

A newly adopted model law governing warehouse receipts by the UN is set to unlock fresh financing opportunities for commodity producers in developing countries and help mitigate fraud. Developed by UNIDROIT and UNCITRAL, the law offers a comprehensive framework for using warehouse receipts as collateral, particularly benefiting nations rich in agricultural commodities but lacking the necessary legal infrastructure. The final text, adopted by UNCITRAL on June 26 after UNIDROIT’s mid-May adoption, aims to provide essential regulations for a robust warehouse receipts system, enabling both paper-based and electronic receipts. This initiative is especially significant for small entrepreneurs in the agricultural sector, promoting secure transactions and easier access to finance. The law is adaptable to both civil and common law jurisdictions, ensuring smooth implementation without extensive legislative changes. The final text will be published later this year, with a guide to enactment expected in 2025. https://lnkd.in/er3_hmXV #Trade #Commodities #WatchThisSpace