Singapore - December 12, 2025 - (SeaPRwire) - In a clear signal of the city-state's booming alternative asset market, Whisky Mansion, a boutique storage facility housed in a heritage shophouse at Boat Quay, reported this week that its specialized vaults reached 90% capacity just four months after launch.
This rapid uptake highlights a shift in how local investors manage their "liquid portfolios." No longer content with remote industrial warehouses, Singapore’s collectors are increasingly demanding accessible, luxury storage within the Central Business District.
Solving the 'Invisible Asset' Problem Historically, alcohol storage in Singapore has been utilitarian. Malcolm De Silva, Managing Director of Rare & Refine Pte Ltd, argues this model creates a liquidity trap.
"The fundamental question every investor faces is: 'How does a collector sell his whisky when nobody sees it?'" said De Silva. "By turning our vault into a visible gallery, the collection remains 'alive' and showcase-ready."
To further solve this, Whisky Mansion has introduced a dedicated app allowing members to value, curate, and manage their collections digitally, ensuring assets are as visible on screen as they are in the vault.
A Community for the Rarest Whiskies The venue's appeal lies in its "Clubhouse" model. Whisky enthusiasts have flocked to the venue to view some of the rarest whiskies in the world and immerse themselves in a space where like-minded collectors gather.
The ecosystem features 'Curo,' a casual dining restaurant, and 'Curo Reserve,' a private members' club. Dedicated event rooms allow members to host masterclasses alongside their stored collections. "It turns storage into an experience," De Silva added. "It is a home for the community, not just a warehouse for bottles."
Future Expansion: Wine & Watches Demand for this luxury model is spilling over into other asset classes. Management reports a wave of inquiries from wine and watch enthusiasts seeking similar secure, climate-controlled environments.
With the current vault nearing capacity, Whisky Mansion confirmed plans to expand its boutique footprint to accommodate the growing waitlist.
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TOKYO, Japan, Dec 12, 2025 - (JCN Newswire via SeaPRwire.com) - Honda Motor Co., Ltd. today announced plans to launch Honda Heritage Works, a new heritage service business for classic Honda (and Acura) sport-type models, on April 1, 2026. For customers who cherish and wish to continue driving their beloved vehicles for many years, Honda will offer reproduction parts on a global basis to replace discontinued parts, as well as a restoration service in Japan.Honda Heritage Works will consist of two services: Honda Heritage Parts, which reproduces and supplies certain discontinued genuine parts no longer in mass production, and Honda Restoration Service, a new service to be offered in Japan to restore customer vehicles utilizing the reproduced parts. Both will start with the first-generation NSX, with plans to expand to other classic sport-type models in the future.Ahead of the service launch in April 2026, Honda today launched the official Honda Heritage Works website. Detailed information, including pricing and service offerings, will be released sequentially leading up to the start of the service.Official Honda Heritage Works website URL:https://www.honda.co.jp/heritage-works/ (Japanese)Overview of Honda Heritage WorksHonda Heritage PartsTo date, Honda has continued to supply genuine service parts for a certain time period after the discontinuation of the production of its models. However, it has become increasingly difficult to supply many of the parts to support classic models.To address this challenge, Honda will offer both “Genuine Honda Heritage Compatible Parts” and “Genuine Honda Heritage Reproduction Parts” under the lineup of Honda Heritage Parts.- “Genuine Honda Heritage Compatible Parts” are newly redeveloped and reproduced to replace original parts no longer available for sale by Honda. This was made possible by the establishment of a new collaborative framework with parts suppliers, technological advancements, and adoption of new materials and manufacturing methods.- “Genuine Honda Heritage Reproduction Parts” will be reproduced using the same materials and production methods that were used for the original parts.Both types of parts will be available globally in the Honda Heritage Parts lineup. A list of available Honda Heritage Parts will be posted on the official Honda Heritage Works website and updated as new parts are added.Honda Heritage Parts will be also available globally for purchase through same distribution channels as other standard Honda genuine parts in each country.Two types of Honda Heritage Parts with different reproduction methodsHonda Restoration ServiceBased on the concept of “thorough pursuit of original driving feel created by Honda at the time,” since 1993, Honda has been offering restoration services for the first-generation NSX under the name of the “NSX Refresh Plan.” This service will be renewed as Honda Restoration Service, which will use Honda Heritage Parts to restore the vehicle’s original performance, look and feel as faithfully as possible.In conjunction with the launch of this service, a Honda facility in Takanezawa, Tochigi Prefecture, Japan - the birthplace of the first-generation NSX and the facility where the NSX Refresh Plan has been operating - will be renamed from Refresh Center to Honda Heritage Works Takanezawa. The facility will offer authentic and comprehensive restoration works that only Honda can achieve.The service menu consists of two options:- Basic Restoration packages frequently requested works on performance-related items such as the engine and suspensions.- Total Restoration also includes exterior and interior works as well as more detailed, comprehensive works tailored to the condition of each vehicle.Starting in early January 2026, applications for restoration works for the first-generation NSX (NA1-100) will be accepted through Honda Cars dealerships throughout Japan, with works scheduled to begin in April.More details, including the application process and pricing, will be posted on the official Honda Heritage Works website in early January 2026.Please note: the application period for the NSX Refresh Plan ended at the end of August 2025.Honda Restoration Service menuRestoration worksBasicRestorationTotalRestorationRemoval of the engine from the vehicle for parts replacement,cleaning, and internal inspectionOOReplacement of suspension-related partsOOReplacement and adjustment of age-worn parts related to doorsand other openingsOOExterior restoration(Complete repainting after disassembly to the body in white)OptionalOInterior restoration(Reupholstery of seats, dashboard, door panels, and controls)OptionalO With the launch of Honda Heritage Works, Honda will further enhance its after-sale services and deliver added value so that customers who have cherished and enjoyed classic Honda sport-type models for many years can continue to drive their beloved vehicles with great confidence. Copyright 2025 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
TOKYO, Dec 12, 2025 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701), a leader in the integration of IT and network technologies, today announced that Indonesia-based Bank Mandiri has selected NEC’s Network Transformation Service to implement Adtran’s innovative Oscilloquartz time synchronization technology in its Jakarta data centers, elevating the bank’s digital infrastructure. With this new secure timing solution, Bank Mandiri is reinforcing its abilities to comply with stringent global banking regulations, which enables effective auditing for fraud prevention and enhances operational efficiency.As one of the largest banks in Indonesia, Bank Mandiri aims to be the preferred financial partner for its customers by seamlessly integrating its financial products and services into their daily lives through the delivery of simple, fast digital banking solutions. While Bank Mandiri accelerates digital banking for social innovation, enhancing security to protect customers from fraud is crucial. However, using a traditional public Network Time Protocol (NTP) clock server has not been accurate enough to meet industry-standard regulations, such as MiFID, for effective fraud prevention. Moreover, reliance on public NTP servers may result in greater visibility of Bank Mandiri’s network, which creates a need for enhanced vigilance and risk management.To address these challenges, NEC collaborated with its global partner Adtran to deploy the OSA 5412, a versatile NTP clock server designed for precise time synchronization with upgradeability to support Precision Time Protocol (PTP). As dedicated NTP servers in data centers, OSA 5412 provide increased accuracy and reliability for important activities such as transaction reporting, effectively meeting banking regulations for traceability and enhanced customer security. Moreover, this solution offers advanced jamming and spoofing detection to safeguard against cyber threats.Bank Mandiri’s adoption of NEC’s Network Transformation Service and Adtran’s Oscilloquartz time synchronization technology positions the bank at the forefront of digital banking in Indonesia, setting a new benchmark for security and operational excellence. Moving forward, NEC is committed to supporting the evolving needs of the banking industry and driving the advancement of secure digital banking."Bank Mandiri remains dedicated to driving digital innovation that enhances both customer satisfaction and security. Through our collaboration with NEC and Adtran, we have transformed our time synchronization capabilities, ensuring greater transaction traceability and operational reliability. As a digital pioneer in Indonesia's banking sector, we will continue to lead with innovation—leveraging AI and cutting-edge digital technologies to deliver trusted, future-ready financial services for our customers."- Denny Dwi Mavianto – Team Leader Bank Mandiri"Precise and secure time synchronization is essential to building trust in digital banking. Our OSA 5412 platform delivers industry-leading accuracy, resiliency and advanced security features, such as jamming and spoofing detection. This deployment not only meets global regulatory standards but also strengthens Bank Mandiri’s foundation for secure, real-time financial services in today’s dynamic digital economy."- Stuart Broome, GM of EMEA and APAC sales at Adtran."We are honored to support Bank Mandiri in elevating its digital infrastructure through our advanced network transformation and time synchronization solutions, in partnership with Adtran. NEC has long been dedicated to driving digital innovation in the banking sector by modernizing critical infrastructure, and we remain committed to delivering new advancements. We look forward to empowering financial institutions like Bank Mandiri to drive innovation and achieve business success in the AI and digital era."- Masayuki Kayahara, Corporate SVP, Global Network Division, NEC CorporationAbout NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2025 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
TOKYO, Dec 12, 2025 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) and ClimateAi, Inc. have signed a Memorandum of Understanding (MoU) for the co-creation of business opportunities aimed at enhancing resilience against the impacts of climate change across multiple industries.By integrating ClimateAi's climate adaptation and risk forecasting technology with NEC's expertise in agritech, AI, data analysis, and optimization, the two companies aim to build solutions that directly support climate adaptation decision-making at the farm, corporate, financial, and governmental levels.BackgroundThe progression of climate change is heightening physical risks to food security and corporate supply chains, such as agricultural production variability, logistic disruptions, and price fluctuation risks.However, visualizing the return on investment (ROI) of climate adaptation measures—and continuously monitoring their effectiveness over time—remains challenging, making it difficult to mobilize funds and optimally take preventive measures.In August 2025, NEC and ClimateAi collaboratively developed a concept model to quantify the effectiveness of adaptation strategies like irrigation, varietal changes, and planting schedule adjustments using AI, specifically targeting cacao and rice in Africa. The model demonstrated its potential to support adaptation finance, policy formulation, and on-the-ground agricultural planning. This achievement was presented at TICAD9 (*1) and COP30, generating strong market interest from international organizations, development banks, and industry stakeholders.This MoU aims to promote the co-creation of comprehensive climate resilience solutions spanning agricultural sites, corporate supply chains, finance, and insurance, with a view towards transitioning from the demonstration stage to commercial application.Areas of collaboration- Both parties agreed to collaborate on business development in the following areas:1. Analysis of the ROI for climate change adaptation measures in the agricultural sectorBy combining ClimateAi's long-term climate change prediction technology with NEC's expertise in the agritech business, the companies aim to develop a service that analyzes yield, risk exposure, and the investment effectiveness of climate adaptation measures, such as crop changes and irrigation facility introductions.Considering the varying impacts of climate change on different lands, the goal is to analyze optimal adaptation measures from an economic perspective and support the advancement of agricultural assistance by international organizations, development banks, and governments.2. Enhancing supply chain resilience from the viewpoint of climate change adaptationTargeting the downstream agricultural sector, namely manufacturing industries that use agricultural products as main raw materials (such as food and beverage manufacturing), NEC and ClimateAi aim to support supplier optimization and improve resilience across upstream farms and supply networks to achieve services that support industrial adaptation to climate change.This technology can also support supply chain and procurement planning decisions across any industrial supply chain.3. Digital solutions for other sectors, including financial services and insuranceThe companies will explore the enhancement of financial services needed for climate adaptation-such as agricultural insurance-and identify new use cases for climate adaptation data across additional industries.Comments from each companyNaohisa Matsuda, Senior Director, Future value co-creation department / Business innovation division, NEC"NEC is delighted to announce an agreement on business development in collaboration with ClimateAi. By combining ClimateAi's strength in climate risk prediction and analysis with NEC's AI and data utilization capabilities and societal implementation prowess, we are confident that we can contribute to enhancing the resilience of supply chains and infrastructure while promoting climate change adaptation."Under the philosophy of ‘NEC Open Innovation,’ we are advancing the creation of new social value with diverse partners.Moving forward, through our collaboration with ClimateAi, we aim to accelerate implementation both domestically and internationally, centering on visualizing the impacts of climate change and advancing decision-making to co-create a sustainable society."Himanshu Gupta - CEO, ClimateAi"NEC’s global network and field partnerships open the door to implementing climate adaptation where it’s needed most. We’re energized by the work ahead—supporting organizations with agricultural planning, strengthening supply-chain resilience, and building practical solutions that can be deployed quickly and at scale. This collaboration also enables us to bring climate-informed insights into supply-chain and procurement planning, helping industries make better decisions as climate pressures grow."Future prospectsUnder the MoU, both companies will define priority regions, crops, and customer segments, and strengthen collaboration with international organizations, development banks, local partners, food manufacturers, trading companies, and financial and insurance institutions to advance early commercialization.NEC and ClimateAi aim to contribute to sustainable agriculture, food security, and greater industrial resilience.NEC’s new business development, under the key message "The future is ours to shape," is advancing NEC Open Innovation (*3) through diverse co-creation with a wide range of startups and partner companies. NEC’s collaboration with ClimateAi is one such initiative. By uniting innovative technologies with cross-domain collaboration, NEC continues to create new social value and shape the future.(*1) NEC to participate in "TICAD Business Expo and Conference" and thematic events for TICAD 9https://www.nec.com/en/press/202508/global_20250805_03.html(*2) NEC Lectures on "Strengthening Supply Chain Resilience through Digital Technologies" at COP30 Seminar Hosted by the Ministry of the Environment (Press Release in Japanese) https://prtimes.jp/main/html/rd/p/000001139.000078149.html(*3)https://www.nec.com/en/global/innovation/index.htmlAbout ClimateAi, Inc.ClimateAi is a climate adaptation and resilience platform purpose-built for the agriculture, food, and consumer goods sectors. It combines AI-powered weather modeling with phenological and water-scarcity data to deliver highly localized, crop-specific agricultural impact insights across the short, medium, and long term. With deep expertise in climate–agriculture interactions and a client base that spans agricultural and consumer-goods multinationals as well as agricultural investors, ClimateAi turns complex climate data into actionable insights. For more information, visit ClimateAi at https://www.climate.ai.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2025 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
香港, 2025年12月12日 - (亚太商讯 via SeaPRwire.com) - 12月10日,京东工业股份有限公司(「京东工业」或「公司」,股份代号:7618.HK)正式公布全球发售配发结果。公司最终发售价格确定为每股14.10港元,香港公开发售部分反响热烈,实现60.52倍超额认购,共接收超过7万份有效申请,最终发售数目为21,121,000股,占全球发售股份总数的约10%;国际配售部分同样表现亮眼,超额认购倍数约为7.88倍。双重超额认购的市场反馈,充分彰显了全球投资者对京东工业商业模式与发展潜力的高度认可。全链条解决方案铸就领先地位 端到端数智化基础设施赋能庞大客户群作为中国领先的工业供应链技术与服务提供商,京东工业以「太璞」全链路数智化解决方案为核心竞争力,构建起「数」(数智)+「实」(商品)深度融合的服务体系,为企业客户提供覆盖广泛的工业品供应及数智化供应链服务。通过这一体系,公司能够有效满足客户在保供、降本、增效及合规等多维度需求,推动工业供应链领域的数字化变革。凭借深厚的行业积淀,京东工业确立了市场领先地位,已成为中国MRO采购服务市场的最大参与者,根据灼识咨询的数据显示,按2024年的交易额计,公司不仅是中国MRO采购服务市场的龙头企业,规模接近第二名的三倍,同时也是中国工业供应链技术与服务市场的最大服务提供商,市场份额达4.1%,行业标杆地位凸显。这一地位的背后,是京东工业构建的端到端数智化基础设施。基于服务千万企业客户的实战经验,公司打造的「太璞」解决方案,实现了「数」(数智)与「实」(商品)相结合,通过将数智化能力深度赋能客户,引领企业采购供应链的数智化转型。其核心价值在于践行「让数据多跑路,让商品少跑路」的理念,使供需对接更顺畅、匹配更精准、协同更高效,从根本上提升工业供应链的整体韧性与敏捷度。二十余年京东集团供应链管理经验的传承,为京东工业积淀了深厚的专业知识储备。在此基础上,公司不断迭代自身的供应链专业知识,在产品、客户、垂直行业及供货商等领域实现突破,形成了强大的综合竞争力。根据灼识咨询的资料,截至2024年12月31日,公司的SKU数量冠绝中国工业供应链技术与服务市场;截至2025年6月30日,SKU数量已增至约8110万个,2025年6月30日前十二个月内服务重点企业客户约11100个。高客户粘性进一步印证其服务价值,2024年重点企业客户交易额存留率达105.7%,充分体现了客户对其服务的高度信赖与持续认可。收入与盈利高速增长 数字化浪潮助力打开增长空间受益于行业数字化转型浪潮及自身核心能力的持续释放,京东工业近年来业绩实现稳步增长。公司持续经营业务总收入从2022年的人民币(下同)141亿元,增长至2023年的173亿元,2024年进一步攀升至204亿元,复合年增长率达20.1%;从半年期数据看,截至2025年6月30日止六个月,公司持续经营业务总收入达103亿元,较上年同期实现显著增长。同时,公司盈利能力同步实现快速提升,2022年,公司录得经调整净利润7.1亿元,而2024年已大幅攀升至9.1亿元,2025年上半年,公司延续高增长态势,经调整净利润达5.0亿元,较上年同期保持高速增长,展现出强劲的盈利韧性与增长持续性。关于募集资金的用途,京东工业在招股书中已作出明确披露:约35%的募集资金净额计划在未来48至60个月内用于于进一步增强公司的工业供应链能力;约25%的资金净额将投入跨地域业务扩张;约30%的资金净额预留用于潜在战略投资或收购;剩余约10%的资金净额则将用于一般公司用途及补充营运资金,为整体业务的平稳运行筑牢保障。一系列清晰详实的资金规划,既锚定了业务的持续升级与稳健扩张方向,亦彰显出公司强劲的发展活力与健康向好的经营态势。从行业角度来看,中国工业供应链市场的数字化渗透率目前仍处于较低水平,存在巨大的提升空间,根据灼识咨询的数据显示,中国工业供应链市场的数字化渗透率在2024年仅为6.2%,预计到2029年将达到8.2%。数字化渗透率的提高预计将推动工业供应链技术与服务市场规模快速增长,由2024年的人民币0.7万亿元增至2029年的人民币1.1万亿元,复合年增长率达到9.8%,广阔的市场空间为京东工业提供了充足的增长动能。京东工业作为工业供应链数智化转型的领航者,既拥有技术赋能的核心优势,又具备市场领先的规模效应,更手握行业增长的时代机遇。凭借独特的业务模式、覆盖全链路的服务能力及持续迭代的创新实力,在港上市后,公司将持续拓展服务边界与深度,长期增长潜力巨大,有望在实现自身持续成长的同时,为投资者创造长期、稳定的价值回报。 Copyright 2025 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
香港, 2025年12月12日 - (亚太商讯 via SeaPRwire.com) - 在产业升级、数智化转型加速及政策支持等多重因素驱动下,工业供应链技术正迎来爆发式发展期。作为行业公认的领军企业,京东工业(7618.HK)凭借深厚的技术积淀与全链条服务能力,于12月11日成功登陆港交所,为工业供应链板块注入一枚优质目标,开启发展新征程。数智驱动筑牢壁垒 全链能力构建核心竞争优势作为中国领先的工业供应链技术与服务提供商,京东工业以数智化转型为核心抓手,致力于为客户打造保供、降本、增效及合规的全场景解决方案。公司构建了端到端的供应链数智化基础设施,并通过公司广泛的商品供应、卓越的服务与高效的运营,精准破解工业供应链领域诸多共性痛点,构筑了强大的核心竞争力。基于这套核心基础设施打造的「太璞」解决方案,是京东工业「数」(数智)、「实」(商品)结合的全链路数智化工业供应链的标杆成果,同时,公司采用了轻资产模式搭建高效且可扩展的业务,并通过「太璞」为各行业、各规模的客户提供跨场景、跨品类的全面工业品供应以及技术与服务,真正实现「大小客户全覆盖、全场景需求全满足」。独特的价值创造模式为京东工业积累了广泛且优质的客户基础。根据灼识咨询的数据显示,截至2025年6月30日前的十二个月内,公司服务约11100个重点企业客户。2025年上半年,公司的重点企业客户包括约60%的中国《财富》500强企业及逾40%的在华全球《财富》500强企业,充分印证了市场对其服务能力的高度认可。商品供给能力的广度与深度,是京东工业的另一核心竞争力。根据灼识咨询的数据显示,截至2024年底,按SKU数量计,公司在中国提供最广泛的工业品供应。具体数据方面,截至2025年6月30日,京东工业提供的工业品SKU数量已达约8110万个,全面覆盖80个核心产品类别。截至2025年6月30日前的十二个月内,公司的商品供应源自于由约158000家制造商、分销商及代理商组成的广泛的且覆盖全国的工业品供应网络,彰显强劲综合实力。业绩增长强劲 上市募资锚定长远发展优质的客户结构与高效的运营模式,推动京东工业的业绩实现持续高增长。2022年至2024年,公司持续经营业务总收入从人民币(下同)141亿元稳步增长至204亿元,复合年增长率高达20.1%;盈利能力同步提升,经调整净利润从2022年的7.1亿元大幅攀升至2024年的9.1亿元。2025年上半年,公司延续高增长态势,持续经营业务总收入达103亿元,经调整净利润为5.0亿元,成长韧性凸显。对于本次上市的募集资金用途,京东工业已制定清晰规划:约35%将在未来48至60个月内用于强化核心供应链能力,进一步夯实技术与服务壁垒;约25%将投入跨地域业务扩张,拓展市场覆盖边界;约30%预留用于潜在战略投资或收购,加速生态整合;剩余约10%则用于补充营运资金及一般公司用途。这套「强核心、扩边界、筑生态」的资金规划,为公司长远健康发展提供了坚实保障。综合来看,京东工业凭借数智化技术优势、全链路服务能力、广泛的客户基础及持续的增长潜力,在工业供应链升级浪潮中占据了显著的先发优势。此次成功登陆港交所,不仅是公司发展的重要里程碑,更将为其后续成长注入强劲动力。作为工业供应链数智化转型的领军者,公司的长期投资价值已然凸显,未来有望在产业升级进程中持续释放增长活力。 Copyright 2025 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, December 11, 2025 - (ACN Newswire via SeaPRwire.com) – Hong Kong’s exports are expected to grow by between 8% and 9% in 2026, according to figures releaased today by the Hong Kong Trade Development Council (HKTDC). The forecast forms part of the HKTDC’s annual Export Outlook report and follows on from the city’s better-than-anticipated 2025 export performance.For 2026, this sustained growth is set to be driven by robust demand for AI-related electronics products. According to the findings of the recently-released HKTDC 4Q25 Export Confidence Index, the majority of exporters (53.2%) see rising demand for AI/new technology-related electronic consumer goods as the factor most likely to boost their 2026 business. This is seen as crucial given that the electronics sector, overall, accounts for more than 70% of Hong Kong’s total export value.Heightened uncertainty giving way to greater clarityThese upbeat figures are remarkable given the high year-on-year comparison base from 2025. This is because many exporters sought to frontload orders in a bid to complete shipments before the imposition of the much-anticipated US tariffs.Detailing the upshot of the tariff-related trade upheavals in particular, Irina Fan, Director of HKTDC Research, said: “While 2025 proved to be a year of heightened uncertainty, 2026 should be a year of greater clarity on global trade. With the Chinese Mainland and the US having come to a trade agreement in November, – some four months after many other nations had struck their own deals with the Trump administration – US tariffs are no longer among Hong Kong exporters' three biggest 2026 concerns.”Fan did, however, acknowledge that uncertainties remain ahead. She said that as US imports from different countries are subject to different levels of tariffs, business leaders around the world will be looking to re-organise their activities to optimise any cost advantages.Outlining what this will mean within the Asia-Pacific region, Fan said: “Chinese Mainland exports to the US will be subject to 20% reciprocal tariff rate until November 2026 [1]. This comparatively low additional tariff puts China-based suppliers, many with more mature and highly productive supply chains, on par with their Southeast Asia counterparts, while giving them a significant advantage over any country subject to a higher tariff rate.”Multi-sector expectation of continued export expansionUnderpinning Hong Kong’s anticipated 2026 export expansion are the findings of the HKTDC Export Confidence Index 4Q25, which was also released today. The two key measures of this long-established quarterly metric –the Current Performance Index (51.4) and the Expectation Index (51.9) – have both stayed above the 50-point watershed level, a clear indication that future export growth is expected.Commenting on the findings of the 4Q25 survey, Kenneth Lee, Head of the HKTDC Research’s Special Project and Business Advisory Section, said: “When it comes to expansion plans over the next two-year period, Asia remains very much the focus. For 42.0% of respondents, the Chinese Mainland was the highest priority market, followed by the rest of Asia (30.3%) and the ASEAN bloc (18.9%). By industry, exporters in almost every sector saw scaling up their activities on the Chinese Mainland as their priority.”Beyond the headline findings of the survey, a more detailed analysis highlights good news for Hong Kong exporters in terms of both individual market prospects and the likely future success of most of the city’s key industry sectors.Positive sentiments for major markets and key industry sectorsIn specific terms, turning to the Market Expectation Sub-Index, the Chinese Mainland (57.2) and the ASEAN bloc (57.0) are still considered to have significant growth potential. Predictably, this was less the case for the US (down 1.4 to 38.0), with the uncertainties in its trade environment continuing to unsettle Hong Kong exporters.Turning to individual industries, a number of sectors have expansionary expectations for the year ahead (i.e. had a relevant index reading of 50 or more). Topping the list is Jewellery (54.8), followed by Electronics (52.4), Timepieces (51.6) and Equipment/Materials (51.1).Despite such overall positive sentiments, the survey also points out the possibility that a number of challenges may lie ahead. Most notably, it cited rising labour and production costs (53.9%), growing logistics challenges (38.8%) and declining overseas orders on account of the general economic slowdown (38.2%) as potential future concerns.[1] On top of Trump 1.0 tariffs of ~20% on averageReferencesHong Kong 2026 Export Outlook: Sustained AI Product Demand Set to Drive 8-9% Growth Over Coming Year:https://research.hktdc.com/en/article/MjE4ODc2Mzk2NwHKTDC Export Confidence Index 4Q25: End-of-Year Figures Indicate Positive Expansion Prospects:https://research.hktdc.com/en/article/MjE4ODYyNTQwNwHKTDC Research website: https://research.hktdc.com/en/ Photo download: https://bit.ly/4oJPrPRHKTDC Director of Research Irina Fan (right) and HKTDC Section Head, Special Project & Business Advisory, Kenneth Lee (left) announced the HKTDC Export Confidence Index for 2025’s fourth quarter at a press conference todayHKTDC Director of Research Irina FanHKTDC Section Head, Special Project & Business Advisory Kenneth LeeMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Navin LawTel: (852) 2584 4525Email: navin.cm.law@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
HONG KONG, December 12, 2025 - (ACN Newswire via SeaPRwire.com) – Everest Medicines announced on Dec. 11, 2025 that its wholly-owned subsidiary, Everest Medicines (China) Co., Ltd (“Everest Medicines China”), has entered into two strategic agreements with privately held Hasten Biopharmaceutical Co., Ltd. (“Hasten”). The first is a Commercialization Services Agreement leveraging Everest's existing sales and marketing organization to provide commercialization services for a portfolio of Hasten's mature assets.The second is a License Agreement granting Everest the exclusive license to develop, register and commercialize Lerodalcibep, a novel, small protein-binding, third-generation PCSK9 inhibitor, which is indicated as an adjunct to diet and exercise to reduce low-density lipoprotein cholesterol (LDL-C) in adults with hypercholesterolemia, including heterozygous familial hypercholesterolemia (HeFH) in Greater China.The two agreements are expected to create significant financial and strategic synergies, enhancing the operational efficiency of Everest’s existing commercial platform and accelerating the build-out of life-cycle and multi-channel commercialization capabilities. At the same time, they establish an attractive strategic footprint for the Company in the cardiovascular disease area. Through this collaboration, Everest will further strengthen its commercial foundation in China, expand market share, and inject core momentum into the long-term growth of its cardiovascular business. The potential approval of Lerodalcibep in Greater China in 2027 is expected to contribute to future revenue growth within Everest's cardiovascular portfolio.Commercialization Synergies to Strengthen Competitiveness Across a Multi-Product PortfolioEverest Medicines China will receive service fees from Hasten calculated by multiplying the net sales of each product for the applicable quarter by the applicable rate, which ranges from 20% to 55%. The proposed maximum annual caps for the transactions contemplated to be paid by Hasten for the three years ending December 31, 2028 are set at RMB 560 million in 2026, RMB 616 million in 2027, and RMB 677 million in 2028.The Commercialization Service Agreement covers six mature, commercially available products across three major therapeutic areas—critical care, cardiovascular disease, and metabolic disorders—including Rocephin(R), Stilamin(R), and Ebrantil(R) in critical care; Edarbi(R) and Blopress(R) in cardiovascular disease; and Basen(R) in metabolic disease. The portfolio is highly synergistic with Everest’s existing commercial infrastructure and strategic focus. Among them, the three core critical care products—Rocephin(R), Stilamin(R), and Ebrantil(R)—play an essential clinical role in the treatment of infectious, gastrointestinal emergency, and cardiovascular emergency conditions. Rocephin(R), for example, is a broad-spectrum, third-generation cephalosporin that has achieved coverage in more than 8,500 hospitals nationwide and holds over 80% market share, maintaining strong and sustained clinical demand in the treatment of complex infections. Notably, these transactions are expected to generate significant synergies for Everest by aligning XERAVA(R) with Hasten’s critical care portfolio — including Rocephin(R) and Stilamin(R) — across complementary geographic footprints, channel access and hospital coverage, while further strengthening the Company’s commercialization capabilities and life-cycle management of innovative medicines.With the addition of this product portfolio, the Company’s commercial presence in key therapeutic areas such as critical care and cardiovascular diseases will be further expanded, creating stronger synergies with its existing commercialization organization and providing more robust support for the scaled development and revenue growth of its commercial platform.Introduction of Lerodalcibep to Expand Strategic Footprint in Cardiovascular DiseasesThe agreement grants Everest the exclusive license to develop, register and commercialize Lerodalcibep in Greater China, together with a royalty-free, exclusive license to use Hasten's trademarks for the product in the territory. Pursuant to the license agreement, Everest Medicines China will make an initial payment of US$29 million (approximately RMB 205 million), and may pay up to US$30 million (RMB 212 million) in potential development and regulatory milestone payments and up to US$280 million (RMB1977 million) in potential sales milestones, in addition to royalties based on the total, aggregate annual net sales.Lerodalcibep, developed by privately-held and U.S.-based company LIB Therapeutics, is indicated as an adjunct to diet and exercise to reduce low-density lipoprotein cholesterol (LDL-C) in adults with hypercholesterolemia, including heterozygous familial hypercholesterolemia (HeFH). Lerodalcibep is a novel, small protein-binding, third-generation PCSK9 inhibitor, and has been developed as a more patient friendly and convenient, once-monthly, single small-volume, subcutaneous injection that will not require refrigeration at home or in travel. These features make Lerodalcibep a unique alternative to approved PCSK9 inhibitors. In large, global phase 3 clinical trials in over 2,500 patients, Lerodalcibep has demonstrated sustained LDL-C reductions of >60% in patients with, or at very-high or high risk of, cardiovascular disease (CVD) and >55% in those with heterozygous familial hypercholesterolemia (FH) who have more severe LDL-C elevations. In addition, the head-to-head LIBerate-VI study, comparing Lerodalcibep with Inclisiran, demonstrated the superiority of Lerodalcibep (p=0.0319). Lerodalcibep is expected to expand treatment options for the millions of patients around the world with CVD, including the 30 million individuals with FH. These LDL-C reductions have been confirmed in a recent phase 3 clinical trial in a Chinese population with, or at very high risk of, CVD including FH.Multiple PCSK9 inhibitors are currently approved and marketed in China, with a combined market size of approximately RMB 3 billion and year-over-year revenue growth of 95% in 2024. The market is expected to further increase to approximately RMB10 billion in 2030, according to a Frost & Sullivan report. Despite an estimated 400 million individuals in China with dyslipidemia, only ~14% receive lipid-lowering treatment, reflecting low penetration and significant unmet medical need. Lerodalcibep has patent exclusivity in China through 2039.Lerodalcibep is currently under regulatory review by both the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). In Greater China, Biologics License Application (BLA) submission is expected in 1H 2026, with the potential for approval in 2027.Everest considers Lerodalcibep an important future growth driver and a key addition to its innovative medicines portfolio. The transaction is viewed as aligned with the Company’s strategy to focus on high-potential therapeutic areas and to expand its late-stage pipeline through business development collaborations, thereby strengthening its overall portfolio.Market commentators note that the two agreements provide both near-term revenue contribution and clear longer-term growth opportunities. By leveraging its established medical, market access, marketing and sales capabilities, Everest is expected to improve the efficiency of its commercial operations and resource utilization, while further demonstrating the scalability and resilience of its commercial platform. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com