Two Antimony and One Tin Project in SlovakiaVancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to announced that it has entered into a definitive agreement with 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, 1458205 B.C. Ltd. (the "Target"), and the controlling shareholder of the Target pursuant to which the Company will acquire 100% of the issued and outstanding common shares in the capital of the Target (the "Target Shares") by way of a three-cornered amalgamation (the "Amalgamation")."As we acquire this premier antimony project in Slovakia with historical resources, we're taking a transformative step to strengthen Europe's access to essential raw materials. With a well established, rich mineral base, this brownfield site enables us to work towards a reliable domestic antimony supply when Europe faces mounting supply chain pressures," said CEO Scott Eldridge. "This acquisition reflects our commitment to reducing reliance on Chinese imports, ensuring stability for the European market, and empowering the West to drive a more resilient, self-sufficient future for critical materials."About the TargetThe Target owns three brownfield projects in Slovakia. Of the three projects, Trojarova is the most advanced ("Trojarova"). Located in western Slovakia, it potentially hosts one of the European Union's most significant known primary antimony deposits. 63 holes were historically completed into the deposit during the 1980-1900s over a strike length of 1.5 kilometers, along with nearly 1.7 kilometers of underground workings; the deposit hosts historical (non-compliant) antimony and accessory gold resources classified in the Soviet era Russian classification system.Additionally, Military has acquired both a tin and second antimony property in Slovakia. The tin property ("Medvedi-Potok"), likewise features significant historical drilling, underground development, and features a historical (non-compliant) tin resource. The Tiennesgrund antimony property features over two dozen small underground workings along its 10-kilometer length where historical production is reported.Consideration for the acquisition of 100% of the Target Shares comprises 10,000,000 common shares in the capital of the Company (the "Company Shares"), at a deemed issuance price of $0.56 per Company Share, valued at a sum of CAD $5.6 million. The Company will also assume the Target's obligations in respect of its outstanding share purchase warrants, which will provide holders the right to acquire up to 3,499,997 Company Shares at an exercise price of $0.10 per share."The Trojarova antimony project is potentially one of Europe's most significant primary antimony deposits. We've experienced an unprecedented rise in the antimony price increasing from $11,000 USD per tonne, to a current spot of approximately $34,000. Increased trade wars and geopolitical tensions have placed stronger importance on this strategic metal with multiple applications," said CEO Scott Eldridge. "The EU's Critical Raw Materials Act has opened multiple financing sources from local European institutions to foster the development of strategic metals within Europe's boarders."Antimony, a vital component in everything from battery technologies to advanced military applications such as night vision and infrared sensors, is classified as a critical mineral by the United States, Canada, the European Union, and the United Kingdom. Currently, over 90% of global antimony reserves are concentrated in China, Russia, and Tajikistan. Military seeks to target antimony with the goal of contributing to the global antimony supply, and filling a gap that is present in the ability of Western countries to obtain this critical mineral.About the ProjectsDiscovered in the late 1970s, Trojarova was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes for a total of 14,330m, and 1.7km of underground workings completed. Efforts continued over the years as additional trenches were dug and holes were drilled. Starting in 1990, underground development work began ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992 (the "1992 Report"). Upon completion of the Amalgamation, the Company will move forward to verify this historical estimate by confirmation drilling so that it is able to classify mineral resources at Trojarova as current, in accordance with National Instrument 43-101. The historical estimate at Trojarova was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem ("CIM Definition Standards for Mineral Resources & Mineral Reserves").The 1992 Report contains a table featuring 10 alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively:Historical alternate resource estimate scenarios for TrojarovaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpgThe Slovak Geological Institute, the state agency that carried out all exploration and underground development work at Trojárová, classified the resource as "P1" in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum's ("CIM") classification system to "Inferred Mineral Resources," which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.Considerable work remains to be completed before it will be possible to classify mineralization documented at Trojarova as current mineral resources. The historical drill logs need to be translated and transcribed into a logging format suitable for resource estimation purposes. All collar locations along with the underground maps need to be digitized and georeferenced. Depending upon the assessed quality and reliability of these data, it will be possible for a resource estimation geologist to determine the extent of confirmation drilling necessary so that mineralization documented at Trojarova can be classified as current mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Military is not treating the historical estimate as current mineral resources or mineral reserves.The Tiennesgrund antimony project, located in eastern Slovakia, comprises a 10-kilometer-long license covering a large, fault/shear-hosted antimony-gold vein system hosting multiple adits and a long artisanal-scale mining history. The nearby Medvedi-Potok property hosts a classic tin vein system in a greisened intrusive; it features underground workings and a historical (non-compliant) resource. Additionally, on completion of the Amalgamation, the Company will inherit a small processing facility in Slovakia owned by the Target. Its inclusion in our strategic narrative underscores our commitment to efficiency and innovation, making it a key differentiator in today's market.With global demand for antimony soaring and critical mineral supply chains becoming increasingly strained geopolitically, Military is seeking to take advantage of a strategic opportunity to acquire an asset that can fill this global demand.Map showing the location of Military's properties in SlovakiaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002full.jpgThe technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott EldridgeCEO and Directorscott@militarymetalscorp.comFor enquiries, please call 604-722-5381 or 604-537-7556This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the completion of the Amalgamation, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions to close the Amalgamation, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both the Amalgamation and any future activities in respect of the properties held by the Target. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228324 Copyright 2024 ACN Newswire via SeaPRwire.com.
- Over 300 exhibitors from 11 countries and regions participating in the19th Eco Expo Asia- Concurrent Eco Asia Conference highlights the latest green policies- Wide range of products and events supporting the Policy Address, across new energy, waste management and circular economy and ESG-related servicesHONG KONG, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - The 19th Eco Expo Asia, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), opened at AsiaWorld-Expo today and runs until 2 November.Attracting over 300 exhibitors from 11 countries and regions, the event showcases a wide range of innovative environmental technologies and projects. The last day of the expo (2 November) will open to the public for free, to encourage sustainable living practices.Sun Jinlong, Secretary of the Leading Party Members Group and Vice Minister of the Ministry of Ecology and Environment of the People’s Republic of China, Yuan Da, Deputy Secretary General, National Development and Reform Commission of the People’s Republic of China, Wang Peng, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China, Tse Chin-wan, Secretary for Environment and Ecology of the Hong Kong SAR Government, HKTDC Executive Director Margaret Fong, and Judy Cheung, Deputy General Manager of Messe Frankfurt (HK) Ltd, were at the opening ceremony. Margaret Fong said, “Under the theme of “Fostering Green Innovations for Carbon Neutrality”, Eco Expo Asia once again gathers leading experts from the eco sector to help shape a more sustainable future, with a special focus on Asia. A highlight of the Expo, the Eco Asia Conference addresses the latest industry trends and developments. Key officials from Mainland China and countries along the Belt and Road share their insights into the latest policies and practices in their region.”Tse Chin-wan said, “Looking ahead, we will continue to harness the transformative power of innovation and technology to accelerate the growth of green and low-carbon transformation through supporting the development of green industry, promoting development of new energy and more importantly, facilitating green research and development projects with application potentials to transform into commercially valuable products through various measures.”Eco Asia Conference brings together industry leaders, focusing on global green issuesThe three-day Eco Asia Conference began this morning with the Government Session. Deputy Secretary-General Yuan and Director Wang shared the latest environment-related policies of the People’s Republic of China. Following this, government representatives from Belt and Road countries, including Laos, Saudi Arabia, Myanmar, Brunei and Vietnam, introduced local policies and environmental projects.This afternoon, a seminar on Decarbonisation & Expanding the Boundaries of New Energy was held to discuss developments in the field of new energy. In collaboration with the Hong Kong Productivity Council, representatives from The Hong Kong and China Gas Company Limited, Volar Air Mobility and Invest Hong Kong were invited to participate. Over the next two days, industry leaders and experts will share their insights on the topics “Green Innovations & Technology towards Carbon Neutrality in Built Environment” and “360° Embracing Circular Economy”.Exhibitors from Greater Bay Area and overseasThis year’s Expo attracts over 190 exhibitors from the Greater Bay Area. In addition to the Hong Kong Pavilion, Guangdong Province, Guangzhou Municipality, Shenzhen Municipality and the Macao SAR Pavilions showcase products and technologies in waste management, environmental acoustics and water quality management. The new Anhui Pavilion features technologies related to air quality, water treatment and water quality management, as well as presenting research, products and services related to new energy.Overseas group exhibitors include Canada, Finland, the Netherlands and Norway, presenting technologies and services related to waste management and water quality, as well as technologies for new energy, energy efficiency and green building, alongside eco-friendly materials and organic products.New energy-related technologies and products support Policy AddressThe Policy Address emphasises environment-related policies including promoting the development of new energy, expanding the charging network for electric vehicles and continuing to promote waste reduction and recycling. This year's Expo supports the address through three focal points: new energy, waste management and circular economy, and ESG-related services.The 5th Hydrogen Economy Forum will be held tomorrow, supporting the government’s promotion of hydrogen energy. Li Siu Ying, Electrical & Mechanical Services Department Engineer of the HKSAR, will discuss the regulatory control of hydrogen fuel safety in Hong Kong, while Zheng Fuqiang, Deputy Chief Engineer and Director of International Business Department of Sinopec, will share insights on green hydrogen technology and engineering.Hong Kong’s first hydrogen fuel street cleaning vehicle is showcased at the booth hosted by 12 HKSAR government units. The Environmental Protection Department and Citybus will offer free rides on hydrogen buses tomorrow and on public day (2 November). Hydrogen purification systems and carbon capture and storage equipment are featured at the Canada Pavilion (Booth No. 3-G23).Electric vehicles and equipment are shown in the Green Transportation Zone, including an electric truck, minibus and a brand new 32-seat electric bus presented by GMI Motors (Booth No. 6-A32), while Chun Yang International (HK) (Booth No. 6-C26) is demonstrating fast charging mini wall-mounted EV chargers.Waste management and ESG services help the industry seize green opportunitiesThe Waste Management and Circular Economy Zone features large-scale environmental facility contractors, such as Baguio Green Group Limited and Keppel Seghers - Zhen Hua Joint Venture, as well as first-time exhibitor, Nanda (Hong Kong) Technology (Booth No. 3-D32), which features machines that can bio-degrade up to 36,000kg of food waste per day.At the Hong Kong Science and Technology Parks Corporation Pavilion (Booth No. 3-D02), JAPJAP Zero Waste showcases a waste management solution based on using black soldier flies to degrade food waste into compost and other by-products.Several world-leading ESG certification and consultancy companies exhibit for the first time, including BSI Pacific Limited (Booth No. 6-C17), SGS Hong Kong Limited (Booth No. 6-C13), Intertek Testing Services Hong Kong Ltd (Booth No. 6-B11) and TÜV Rheinland Hong Kong Limited (Booth No. 3-E11). On the third day of the Expo, there will be a forum related to ESG, addressing the challenges faced by companies in implementing and planning ESG practices and programmes.Start-ups inject fresh energyOver 20 start-ups, including groups from local universities and incubators, are participating in this year's event. The Chinese University of Hong Kong, City University of Hong Kong and Hong Kong Industrial Artificial Intelligence & Robotics Centre (FLAIR), established by The Hong Kong Productivity Council, join the Expo for the first time to showcase their research achievements.In the Startup Zone, Ezygreenpak (Booth No. 6-F24) demonstrates its patented water-soluble non-woven material that can completely dissolve in 90°C hot water without leaving any harmful residue. Electro-Jet (Booth No. 6-F26) showcases electric boats made from aluminium and recycled materials, capable of travelling 200 km on a single charge.To promote awareness of green living, talks, workshops and Green Mart - a pop-up market selling eco-friendly products - will be held on the last day of the Expo.Under the EXHIBITION+ hybrid model, exhibitors, industry players and buyers worldwide can connect via the smart business matching platform Click2Match until 9 November, capturing green business opportunities.Other concurrent eventsThe Hong Kong International Outdoor and Tech Light Expo takes place from 29 October to 1 November at the AsiaWorld-Expo, showcasing outdoor and professional technical lighting solutions for commercial and industrial use.Free shuttle bus services are offered between the venue and other locations in the city throughout the fair period. Please refer to the following page for details:https://www.hktdc.com/event/ecoexpoasia/tc/travel-to-fairground-awePhoto download: https://bit.ly/3YqLe8HThe 19th Eco Expo Asia, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Hong Kong SAR Government, opened at AsiaWorld-Expo today and runs until 2 November, attracting over 300 exhibitors. Sun Jinlong, Secretary of the Leading Party Members Group and Vice Minister of the Ministry of Ecology and Environment of the People’s Republic of China (front row, eighth from right), Yuan Da, Deputy Secretary General, National Development and Reform Commission of the People’s Republic of China (front row, sixth from right), Wang Peng, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China (front row, sixth from left), Tse Chin-wan, Secretary for Environment and Ecology of the Hong Kong SAR Government (front row, eighth from left), HKTDC Executive Director Margaret Fong (front row, seventh from right), and Judy Cheung, Deputy General Manager, Messe Frankfurt (HK) Ltd (front row, seventh from left), at the opening ceremony of Eco Expo Asia todayMargaret Fong, HKTDC Executive Director, Judy Cheung, Deputy General Manager, Messe Frankfurt (HK) Ltd and honourable guests attended the ExpoHong Kong’s first hydrogen street-cleaning vehicle is displayed at the booth hosted by 12 government units, including the Environment and Ecology BureauThis year’s Expo attracts over 190 exhibitors from the Greater Bay Area. In addition to the Hong Kong Pavilion, Guangdong Province (pictured), Guangzhou Municipality, Shenzhen Municipality, and the Macao SAR have also formed pavilions to showcase products and technologies in waste management, environmental acoustics and water quality management.Companies participating in the Hong Kong SAR Government hydrogen energy trial project showcase hydrogen purification systems and carbon capture and storage equipment at the Canada PavilionElectric vehicles and charging equipment are shown in the Green Transportation ZoneNew green technologies and products are displayed in the Startup ZoneAttendees at the Eco Asia Conference include officials, industry leaders and expertsWebsiteEco Expo Asia: www.ecoexpoasia.comMedia enquiriesPlease contact the HKTDC’s Communications and Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgThe HKTDC’s Media Room: http://mediaroom.hktdc.com/enAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 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.Background information on Messe FrankfurtThe Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were around € 609 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.For more information, please visit our website at: www.messefrankfurt.com/sustainabilityWith its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.com Copyright 2024 ACN Newswire via SeaPRwire.com.
MUMBAI, INDIA, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - The 43rd global edition of the World AI Show in Mumbai came to a resounding conclusion, bringing together top-notch tech leaders, government officials and policy makers to examine the next steps in the adoption of Generative AI and how it lays the groundwork to empower AI. The grand event was held on the 24 October at Hotel Sahara Star, which provided a platform to showcase next-gen innovations, practical use cases, and AI-driven solutions across industries.The conference featured engaging panel discussions, insightful keynote presentations, and impactful addresses, all highlighting the latest advancements and the strategic advantages that enterprises could benefit through the swift adoption of AI technologies.With over 350+ C-level decision makers in attendance, Industry leaders shared actionable strategies for leveraging these innovations, offering valuable insights into maintaining competitiveness in a fast-evolving digital landscape. Topics of discussion ranged from AI maturity in IT, emerging technologies shaping the future of AI, leadership strategies for driving successful AI Transformation and more.One of the panel discussions focused on "Leadership Strategies for Driving Successful AI Transformation." Moderated by Dr. Ganesh Natarajan, Chairman of Honeywell Automation & 5F World, the panel explored key strategies required to drive AI transformation. Panellists Shvetal Desai, Co-Founder of Nividous; Sujatha S. Iyer, Head of AI Security at ManageEngine; Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance; Naiyya Saggi, Group Co-Founder & Board Member at Good Glamm Group; C.P. Gurnani, Co-Founder & Executive Vice Chairman of AlonOS; and Ashwini Tewari, Managing Director at State Bank of India, shared insights on the importance of investing in AI talent, skills development, and infrastructure.During the discussion, Shvetal Desai, Co-Founder, Nividous, stated,”In today’s fast-paced world, AI-driven automation is not a choice but a necessity. By integrating AI, RPA, and low-code platforms, businesses can unlock unprecedented efficiency, driving innovation and gaining a strategic edge.”In today’s fast-paced world, AI-driven automation is not a choice but a necessity. By integrating AI, RPA, and low-code platforms, businesses can unlock unprecedented efficiency, driving innovation and gaining a strategic edge.Another noteworthy session that grabbed attention was the tech talk on AI maturity in IT. The talk delivered by Sujatha S Iyer, Head of AI Security, ManageEngine shared her insights on the current state of AI, digital and AI maturity, and the road ahead with a focus on contextual intelligence.During the session while speaking about AI maturity, she said, "AI has evolved from back-office support to becoming a boardroom agenda. Organizations need to embrace digital and AI maturity to stay ahead, leveraging contextual intelligence to drive strategic innovation.”“The 43rd global edition of the World AI Show served as a dynamic platform, fostering innovation and facilitating invaluable knowledge exchange through engaging conversations. As India’s financial capital, Mumbai plays a pivotal role in shaping the nation’s technological future, positioning itself as a key hub on the roadmap to digital advancement.” said Anil Kumar, COO, TresconThe World AI Show has solidified its place as a key hub for knowledge sharing, collaboration, and business development within the AI community. As preparations for the next edition begin, excitement is growing for what promises to be an even more remarkable event.The 43rd edition of the World AI Show was supported by:Platinum Partner – MAGURE Tech Middle EastGold Partner – Manage EngineSilver Partner – NividousExhibitors – ADQ, Citiuscomm, Apto.AI, SaleskenSupporting Association – Indian Society of Artificial Intelligence and LawAssociation Partner- IPF Startup HubOfficial Event Tech Partner – KONFHUBOfficial Print Partner – Business StandardAbout Trescon Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.com For media inquiries and further information, please contact: Vishal S S Media, PR and Corporate Communications Specialist TresconEmail: vishals@tresconglobal.comMobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.
This collaboration opens up new pathways for Korean investors to explore alternative asset classes that offer diversification beyond traditional markets.NH I&S and Alta Exchange will also explore the use of blockchain technology to enhance the liquidity and efficiency of financial markets through asset tokenizationSINGAPORE & SEOUL, SOUTH KOREA, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - NH Investment & Securities (“NH I&S”), one of Korea’s largest investment and securities firms, has signed a Memorandum of Understanding (MOU) with AltaX (“Alta Exchange”), Asia’s leading digital securities exchange for alternative assets, bridging North and Southeast Asia’s fast-growing markets for alternative investments. From Left to Right: Kelvin Lee, Group CEO of Alta Group, and Yoon Byoung Un, CEO at NH Investment & Securities.This landmark partnership will also see NH I&S joining as a member firm of Alta Exchange.The MOU between NH I&S and Alta Exchange will seek to explore the use of Alta Exchange’s blockchain-powered exchange to enhance the liquidity and efficiency of financial markets through asset tokenization. As a member firm, NH I&S will gain the ability to list investment opportunities on Alta Exchange, adding to Alta Exchange’s growing inventory of globally-sourced alternative assets.NH I&S investors will benefit from exclusive access to Alta Exchange’s curated selection of investment opportunities, including global private companies, private equity credit funds, and unique real assets such as rare whisky and wines. These opportunities, traded on Alta Exchange’s digital securities exchange, are tailored for high-net-worth individuals, institutional investors, and family offices, offering a diverse range of options across alternative asset classes.As NH I&S joins Alta Exchange’s existing partners such as Singapore-based broker Phillip Securities, corporate finance firm PrimePartners and investment bank Evolve Capital, this partnership also reflects Alta Exchange’s expanding investor network and investment opportunities to firms from overseas.Representatives from Alta Group and NH Investment & Securities pose for a group photo following the signing of the MoUBringing Liquidity and Accessibility to Korean InvestorsThis collaboration opens up new pathways for Korean investors to explore alternative asset classes that offer diversification beyond traditional markets. Furthermore, Alta Exchange’s technology-driven approach to alternative investing helps unlock liquidity, allowing for greater flexibility in the management and trading of these unique assets.“We are excited to partner with NH Investment & Securities, a leader in Korea’s financial landscape, to bring our portfolio of global alternative investment opportunities to Korean investors,” said Kelvin Lee, Group Chief Executive Officer at Alta Group. “Our collaboration aims to democratize access to high-quality alternative assets, giving NH I&S’ clients the tools to invest confidently in private markets, while also enhancing liquidity and transparency.”Expanding Access to Global and Regional OpportunitiesYoon Byoung Un, Chief Executive Officer at NH Investment & Securities, said “This partnership represents a bridge between South Korea and Southeast Asia, two dynamic markets for alternative investing. For NH I&S, the collaboration with Alta Exchange offers the potential to list and promote regional opportunities to its network of investors, while also introducing its clients to unique global assets sourced through Alta Exchange’s expansive network. With Southeast Asia emerging as a hub for private market growth, the partnership provides NH I&S with a strategic entry point into the region, allowing its investors to explore new opportunities in one of the world’s most exciting alternative investment markets.”About Alta ExchangeAs the leading licensed digital securities exchange for alternative investments in Asia, we are building critical capital market infrastructure backed by some of the most active securities brokerages and bookrunners on the Singapore Exchange - Phillip Securities, PrimePartners and Nomura Holdings (Japan).Empowering Private Markets: Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets. We believe that access to capital markets are pivotal in all economies, we recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.Innovative Financial Ecosystem: Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities representing real world assets like whiskies and wines, to include fund management and digital custody.Visit us on https://alta.exchange/ About NH Investment & SecuritiesNH Investment & Securities is one of South Korea’s largest investment and securities firm, offering a broad range of investment services, including wealth management, asset management, and brokerage. As part of the NongHyup Financial Group, NH Investment & Securities benefits from strong agricultural sector roots and solid backing from one of South Korea’s largest cooperative group. On the back of the pan-NongHyup group with more than KRW 200 trillion of asset under management, NHIS is enhancing its industry market presence and reputation.Top-tile League Table: NHIS ranked the first and second in DCM and ECM as of the end of 2023 to maintain its top-tier position of investment banking, providing advisory and financing services for mergers, acquisitions, and corporate restructuring, with robust client network. Growing Global Channels: Going global by establishing its presence in New York in 1992, NH Investment & Securities has built a network of eight locations across seven countries as of the end of 2023. While its global operations initially focused on stock brokerage, this has evolved to successfully establish a global business portfolio encompassing IB, overseas bonds, global product sourcing, and overseas stock brokerage.For media inquiries, please contact:PRecious Communications, on behalf of Altaalta@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
HANOI, Vietnam, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - ASEAN Ceramics 2024 will return to Vietnam for its 8th edition, happening from 11thto 13th December 2024. Organised by MMI Asia, the regional subsidiary of Messe München GmbH and Vietnam Building Ceramic Association (VIBCA), ASEAN Ceramics 2024 is the leading international exhibition of machinery, technology, and materials for manufacturing white-ware, heavy clay, and advanced ceramics. The exhibition will be co-locating with a debuting exhibition, ASEAN Stone 2024, which involves the participation of international exhibiting companies and brands of machinery, tools, chemicals and materials of the Stone industry.Group picture of organisers and associations supporting ASEAN Ceramics & ASEAN Stone 2024Following the success of the previous edition in Hanoi, ASEAN Ceramics is set to receive continued endorsement from the Ministry of Construction of Vietnam and Ceramic Industry Club ASEAN (CICA). The exhibition has garnered robust support from both domestic and international government entities, Association of Italian Manufacturers of Machinery and Equipment for Ceramics (ACIMAC), China Council for the Promotion of International Trade (CCPIT) Building Materials Sub-Council, Vietnam Ceramic Consumer Association (VCCA), Vietnam Association for Building Materials (VABM), Vietnam Institute for Building Materials (VIBM), and Saigon Construction and Building Material Association (SACA), Thai Ceramic Society (TCS), Bangladesh Ceramic Manufacturers & Exporters Association (BCMEA), Southern Construction Materials (VLXD-MN), Bach Khoa University (formerly Ho Chi Minh City University of Technology) and Cambodia Stone Quarries Association.Additionally, the debut of German Pavilion German Pavilion is backed by the German Federal Ministry of Economic Affairs & Climate Action (BMWK), Deutsche Keramische Gesellschaft (DKG), and Association of German Trade Fair (AUMA). The Indian Pavilion is supported by the Federation of Indian Export Organizations (FIEO). The exhibition will also benefit from the partnership of Vietnam Exhibition and Event Services Co., Ltd (VnEES), with advisory support from Asian Exhibition Services (AES). Proudly sponsored by Esmalglass-Itaca Group as the Gold Sponsor, and ACIMAC and Confindustria Marmomacchine as Silver Sponsors, the event also recognizes Minnovation Group as a Bronze Sponsor.Keeping in mind of “Sustainability and Diversity through Innovation and Collaboration” as the theme of ASEAN Ceramics this year, the exhibition will be strongly highlighting ceramic companies that spearhead the use of latest innovations and technology to create sustainable production methods. The 3-day conference will engage unique and pressing industry trends and worldclass industry speakers will share their insights on topics such as “From Climate Change to Net Zero Society” and “Staying Resilient in Ceramic Industry”, which will foster indefinite growth and innovative ideas to be formed to elevate the ceramics industry to further heights.Michael Wilton, CEO & Managing Director of MMI Asia, stated during the press conference, “The ceramics industry is evolving rapidly, driven by advances in automation and sustainability. This exhibition will highlight the latest in ceramic manufacturing equipment, energy-efficient solutions, and much more. We aim to give visitors the chance to see first-hand how these businesses are reshaping the future of ceramics production.”.Mr. Michael Wilton, CEO & Managing Director of MMI AsiaASEAN Ceramics 2024 will be featuring more international pavilions than ever, with China, Italy, Vietnam, Thailand, Germany, and India country pavilions, providing a diverse range of raw materials, machinery and technologies spearheaded by the countries across continents. Ceramic Raw Materials will take center stage with industry giants - Imerys, Mactus Minerals, Sibelco Group, Kaolin EAD, Amberger Kaolinwerke, WA Kaolin, CCS, PURESIL, CrownSinoGroup, MMA Bentonite, and Zircon Industry Association , along with machineries and technologies from Officine Smac, Certech, Tecnoferrari Group, ECT-Kema, NETZSCH, Bruker, Castimo, INMATEC, LK Lab Srl, Eirich, Keramischer Ofenbau and Vitreus to name a few, with biggest local distributors TQT and VITIS Vietnam. The exhibition also provides exclusive three pre-event factory tour on ceramic slabs, sanitaryware, and tiles and trade visitors can look forward to Buyer-Seller meetings, pre-arranged Hosted Buyers Program, Manufacturers’ Gallery and many more functions catered to optimise their business opportunities over the next significant three days.The ASEAN Ceramics & ASEAN Stone Press Conference held in Hanoi, VietnamAlongside the 8th edition of ASEAN Ceramics, ASEAN Stone will be introduced for its first edition, co-locating with ASEAN Ceramics. ASEAN Stone is Southeast Asia’s Only International Exhibition for the Natural Stone Industry. The exhibition offers buyers, specifiers, and influencers the opportunity to source products, gain design inspiration, and expand their businesses with the latest innovations in equipment, tools, and technology. Both local stone quarries and international natural stone brands, such as Bao Lai Stone, Fortune Stones, and The Square Stone will be featured. The premier event is supported by Confindustria Marmomacchine of Italy, CCPIT Building Sub-Council of China and FIEO of India. Connect with influential players in the stone industry to forge essential business partnerships and expand your reach in the region. Don’t miss the ASEAN Stone Conference, where you can gain insights into the latest industry trends, giving your company a competitive advantage. The co-location of the two exhibitions will feature a joint Opening Ceremony on the first day, uniting industry leaders from Ceramics and Stone for a revolutionizing event.ASEAN Ceramics and ASEAN Stone 2024 are set to be pivotal events in the ceramics and stone industry respectively, propelling innovation, collaboration, and growth. The opportunity to visit the only co-located exhibition for the ceramics and stone industry in the region is here. Stay updated on the latest news, exhibitor profiles, and conference schedules by visiting the official ASEAN Ceramics 2024 website at www.aseanceramics.com.Left: Mr. Tống Văn Nga, Chairman of Vietnam Association of Building Materials (VABM)Right: Mr. Lê Trung Thành, Head of the Building Materials Department of the Ministry of Construction,VietnamAbout MMI Asia Pte LtdEstablished in 1992, MMI Asia is the wholly owned subsidiary and the regional headquarters of Messe München GMBH (MMG) and is one of the world largest and leading exhibition organizers. MMI Asia’s portfolio of events include editions of world-leading trade fairs from Munich – transport logistic & air cargo, analytica, ceramitec; as well as industry-specific events such as Glasstech and Fenestration Asia, Asia Climate Forum, and Singapore International Water Week. MMI Asia also provides consultancy in professional trade fair and conference management to government bodies, international trade and promotion organizations, and trade associations. For more information, please visit www.mmiasia.com.About Vietnam Building Ceramic Association (VIBCA)Vietnam Building Ceramic Association is a professional organization, non-governmental, voluntary, established under Decision No. 41/1999 / QD - BTCCBCP dated 04-10-1999 of the Minister, Head of the Organizing Committee Government personnel. Currently VIBCA includes around 100 members are enterprises of different economic sectors, operating mainly in the field of building ceramics, including the associate members are research institutions, investment consulting, manufacturing and mechanical engineering. VIBCA is a member of the Association of ASEAN Ceramics Industry CICA and intimate relationship with the Association Ceramics of countries in ASEAN and in the world.Contact:MMI Asia Pte. Ltd.Daniel ShiExhibition DirectorDaniel@mmiasia.com.sgVietnam Building Ceramic AssociationMs Vu Thi Kim Dung - 84 915114000Chief of Foreign Affairs: vibcaoffice@gmail.com Copyright 2024 ACN Newswire via SeaPRwire.com.
JAKARTA, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - As Indonesia races towards its Golden Indonesia 2045 vision, rockbird media is at the forefront of HR innovation with the announcement of its highly anticipated HR Leaders & HR Tech Strategy Meeting. Set to take place on November 19, 2024, at the prestigious Le Meridien Jakarta, this landmark event carries the theme "Disrupting the Disruption: Balancing People and Tech," promising to redefine the intersection of human capital and technological advancement in Southeast Asia's largest economy.With Indonesia's HR Technology market projected to experience exponential growth in the coming years, this strategic gathering comes at a crucial juncture. The event will equip HR leaders with cutting-edge strategies to navigate the complexities of a rapidly digitalizing workforce while maintaining a strong focus on human-centric approaches. Attendees will delve into critical areas such as upskilling and reskilling initiatives, enhancing employee experiences, and harnessing the potential of a multigenerational workforce in the face of technological disruption.The HR Leaders & HR Tech Strategy Meeting will feature an impressive lineup of activities, including keynote presentations from industry visionaries, one-on-one meetings for personalized insights, dynamic breakout sessions, thought-provoking roundtable discussions, and engaging panel discussions. The event promises to be a crucible of industry perspectives and tailored solutions for over a hundred CHROs, Directors, and Heads of HR.Focusing on Indonesia's unique HR landscape and the implications of the Golden Indonesia initiative, attendees will explore how to align their organizational strategies with national goals, preparing their workforce for the country's ambitious economic targets.For more information, including registration details, the full agenda, speaker announcements, and pricing, please visit: https://rockbirdmedia.com/all_b2b/hrlt-id-2024/About rockbird mediaRockbird media is an international business media company that produces B2B events and offers business solutions.Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.Media contact:Ann Jubelle De Veraannjubelle@rockbirdmedia.com Copyright 2024 ACN Newswire via SeaPRwire.com.
Result Highlights01.In the first three quarters of 2024, the operating revenue of the Group was RMB128.971 billion, increased 35.58% year-on-year. The net profit attributable to shareholders and other equity holders of the parent company amounted to RMB1.828 billion, increase 268.87% year-on-year. The net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss amounted to RMB1.692 billion, increased 40.34% year-on-year.02.Demand and supply for container shipping-related businesses remained robust, with the cumulative sales volume of standard dry containers in container manufacturing increasing by 421.78%; core product lines in logistics services achieved year-on-year growth in both volume and price.03.For marine engineering business revenue increased by 77.75% year-on-year. New orders that have taken effect in the first three quarters increased by 121% year-on-year to USD 3.25 billion, setting a record high in the order history. For the first time, it broke through product types and won FLNG modification package orders.HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited third-quarter results for the nine months ended 30 September 2024 (the “Period”). In the first three quarters of 2024, CIMC Group's overall operating performance accelerated, with revenue increased by 35.58% year-on-year to RMB 128.971 billion (RMB, the same below) (2023 Q3: RMB 95.124 billion). Net profit attributable to shareholders and other equity holders of the Company was RMB 1.828 billion (2023 Q3: RMB 496 million), a year-on-year increase of 268.87%. The net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss amounted to RMB 1.692 billion (2023 Q3: RMB 1.205 billion), a year-on-year increase of 40.34%. From a single quarter perspective, CIMC Group's net profit attributable to shareholders and other equity holders of the Company increased by 891.78% year-on-year to RMB 962 million in the third quarter, and the net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss increased by 280.89% to RMB 871 million.In the container manufacturing business, it saw a significant year-on-year increase in production and sales volume. The cumulative sales volume of standard dry containers increased by 421.78%. The demand of global container trade picked up in the first three quarters of 2024. In response to the risk of container shortage brought about by these uncertain events such as the prolonged Red Sea conflict and port strikes, customers had stronger willingness to reserve containers. As a result, during the the first three quarters of 2024, the production and sales volume of the Group’s container manufacturing business witnessed a significant year-on-year increase. In particular, the accumulated sales volume of dry containers reached 2,486,300 TEUs (same period in 2023: 476,500 TEUs), representing a year-on-year increase of approximately 421.78%. The accumulated sales volume of reefer containers reached 93,400 TEUs (same period in 2023: 80,100 TEUs), representing a year-on-year increase of approximately 16.60%. According to the prediction made by CLARKSONS, in September 2024, the growth of global container trade will significantly increase from 0.7% in 2023 to 5.2% in 2024, and in 2025, the global container trade is expected to see a further growth of 2.8%.In the marine engineering business, as new orders entered the construction period successively, the offshore engineering business of the Group recorded a year-on-year increase of 77.75%. In the first three quarters of 2024, the amount of effective new orders increased by 121% year-on-year to USD 3.25 billion, hitting a record high in order values and making breakthrough in product type for the first time by winning a packages order for FLNG modification. The accumulated value of orders on hand increased by 42% to USD 7.4 billion. Among which the proportion of oil and gas business, wind power installation vessels and ro-ro ships was approximately 3:1:1. Due to local war and the slowdown of global new energy transformation, international oil prices remained high, the offshore engineering equipment market continued its recovery.In the airport facilities and logistics equipment, fire safety and rescue equipment business, the Group is striving to explore more new pathways for business development with national economic stimulus measures contributing to a year-on-year increase in new orders for the first three quarters. The Group achieved a year-on-year increase in revenue and profit due to the increased number of projects which have passed inspection and acceptance and have been delivered as compared to the same period last year. Following the establishment of a project company to develop ground power services for civil aviation in the middle of the year, CIMC Tianda is striving to explore more new pathways for business development by venturing into new areas that have synergistic effect with airport facilities and fire safety businesses, thus promoting diversification and long-term sustainable development of business.In the logistics services business, both revenue and profitability index experienced significant year-on-year growth, with core product lines achieving increases in both business volume and price. Following the global expansion strategy of Chinese enterprises closely, the Group’s logistics services business deeply focused on customer-specific needs, deepened organizational integration to support the theme of high-quality development, and targeting overseas markets such as the United States and Southeast Asia, while enhancing its “digital intelligence” capabilities. In the third quarter, the Group further expanded sea freight service chain. Focus was put on advancing air freight routes connecting Central Asia and product offerings for European lines was further expanded. The Group integrated internal specialised land transport resources to establish a land transport company to carry out external operations in a unified way.For road transportation vehicle business, the Group sold a total of 94,749 vehicles in the global market, achieved revenue of RMB15.823 billion, representing a year-on-year decrease of 19.14%. In the domestic market, the growth of the logistics and transportation sector slowed down, putting pressure on the terminal market of commercial vehicles. However, thanks to the comprehensive implementation of the “StarLink Project”, the overall domestic vehicle sales have seen a commendable increase year-on-year against the trend. In the overseas market, as the demand for semi-trailers in North America returned to a normal level, the sales of semi-trailers in North America declined year-on-year in the first three quarters; demand in the European semi-trailer market decreased with affected by the fluctuation in shipping supply chain of European routes. CIMC Vehicles actively advanced supply chain restructuring and business synergistical integration in Europe while actively exploring new customers in other overseas markets at the same time. In particular, the Australian operations maintained a growth trend.In the energy, chemical and liquid food business, CIMC Enric steadily achieved an overall revenue growth of 8.0% year-on-year to RMB17.969 billion. As of the end of September 2024, CIMC Enric’s overall orders on hand amounted to approximately RMB27.732 billion, representing a year-on-year increase of 25.2%. The accumulated new orders signed in the first three quarters amounted to RMB20.761 billion, representing a year-on-year increase of 5.1%. In 2024, both apparent consumption and imports of domestic natural gas increased, driving significant growth in both offshore and onshore clean energy businesses. The revenue of the clean energy segment soared by 26.2% year-on-year to RMB12.599 billion in the first three quarters of 2024. The chemical and environment business modestly recovered amid the gradual improvement in global demand for chemical tank containers. The segment registered a quarter-on-quarter revenue increase of 21.5% in the third quarter. The orders on hand of the liquid food segment was ample and the business revenue increased steadily in the first three quarters of 2024.The management of the Group stated, “Although the recovery of the world economy faces challenges, the Group has overcome difficulties in 2024 amid a rebound in global container trade demand, and the recovery of the offshore engineering market, striving to maintain stability while improving quality. Core business orders were strong, and overall profitability has improved. Looking ahead, the Group will continue to strengthen its global layout strategy, consolidate the foundation of its global operating platform, seize key opportunities in productivity and technological innovation, and continue to create new value and momentum to achieve high-quality growth goals.”About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world leading equipment and solution provider in logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns 3 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB127.81 billion, with gross profit margin remained at 13.77% and net profit of RMB 1.863 billion. The Group was ranked 170th in the Fortune 500 China 2023. For more information, please visit http://www.cimc.com/. Copyright 2024 ACN Newswire via SeaPRwire.com.
Friedberg, Germany, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - Today, Dr. Falk Pharma GmbH announces the successful acquisition of Kynos Therapeutics Ltd., a clinical stage biopharmaceutical company focusing on the development of novel treatments for patients suffering from acute and chronic inflammatory diseases. The company was founded as a spin-out of the University of Edinburgh, Scotland, together with lead investor Epidarex Capital, a leading early-stage transatlantic venture fund, along with IP Group, and Scottish Enterprise. Effective immediately, Kynos Therapeutics will be integrated into the Falk Group.Dr. Falk PharmaKynos Therapeutics' lead investigational asset is KNS366, a highly potent and selective first-in-class inhibitor of the enzyme kynurenine 3-monooxygenase (KMO). In a Phase I clinical trial, KNS366 was shown to be safe and well-tolerated at multiple doses. The compound also led to a dose-dependent inhibition of the enzyme KMO and modulation of its downstream metabolites.Dr. Falk Pharma is excited about the addition of KNS366 to its R&D pipeline and will further explore the potential of KNS366 in future clinical trials, initially focusing on acute pancreatitis. This new asset will enhance Dr. Falk Pharma´s expansion into rare digestive and metabolic diseases and conditions.About KNS366Kynos Therapeutics' lead investigational asset KNS366 selectively inhibits the enzyme kynurenine 3-monooxygenase (KMO). KMO is a key enzyme in the tryptophan metabolic pathway and has also been shown to play an important role in modulating immune processes. By inhibiting KMO activity, KNS366 interferes with inflammation and other immune system pathologies by lowering levels of its downstream metabolite - 3- hydroxykynurenine (3HK) - high levels of which have been linked to tissue damage and dysregulation of the immune system during inflammation. Inflammatory diseases including acute pancreatitis trigger an exacerbated, systemic pro-inflammatory response, making KMO inhibitors a promising next-generation treatment option for disorders characterized by severe inflammation.About acute pancreatitisAcute pancreatitis is a sudden inflammation of the pancreas that can be triggered by a number of factors. In its severe form, this acute inflammation can cascade to a reaction in the entire body over several days to weeks that can result in systemic inflammation, organ failure, and death. Accordingly, acute pancreatitis requires immediate medical intervention to manage patients' symptoms and prevent worsening of their condition, often necessitating prolonged hospitalization. Currently, acute pancreatitis occurs in about 240,000 people in Europe and 300,000 people in the United States each year, with 1 in 5 acute pancreatitis patients requiring intensive care. To date, there are no proven or approved treatment options to prevent organ failure and death resulting from severe acute pancreatitis, meaning there is an urgent need for effective treatments.About partnering with Dr. Falk PharmaDr. Falk Pharma engages in a variety of collaboration and partnership models to develop and deliver innovative treatment concepts with great potential. These treatments can be based on any type of pharmacological approach, from small molecules to biologics to novel drug delivery technologies. The company is involved in partnership projects across the range of phases and partners, from all stages of pre-clinical/clinical development and marketing as well as with academic researchers, start-ups, and established companies.Dr. Falk Pharma is an industry leader in innovative pharmaceutical formulations that deliver active substances to specific functional segments of the gastrointestinal tract. Many of their products have attained standard-of-care status. The company enjoys strong, long-standing collaborations with renowned clinical centres and with academic and clinical key opinion leaders in the fields of gastroenterology, hepatology and metabolic diseases.About Dr. Falk Pharma GmbHDr. Falk Pharma GmbH has been developing and marketing innovative medicines to treat a wide range of gastrointestinal disorders like inflammatory bowel disease or eosinophilic esophagitis as well as hepatobiliary disorders such as primary biliary cholangitis for over 60 years. As the international experts in digestive and metabolic medicine, the company brings together physicians, scientists, and patients to devise new and powerful approaches to patient care. Dr. Falk Pharma engages in pre-clinical and clinical stage research that aims to meaningfully improve therapeutic practice as well as patient health and well-being. A family-owned business with a global presence, Dr. Falk Pharma has ten affiliates in Europe and Australia and is continuously growing. The company has its headquarters and R&D facilities in Freiburg, Germany, its pharmaceutical products are manufactured in Europe, mainly at sites in Germany, France, Italy and Switzerland. Dr. Falk Pharma GmbH employs approximately 1250 individuals globally and 323 in Freiburg.Further information on Dr. Falk Pharma can be found online: https://drfalkpharma.com/enContact Information:Babette KoppHead of Corporate Communicationsbabette.kopp@drfalkpharma.de+49 761 1514-280SOURCE: Dr. Falk Pharma GmbH Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - The sixteenth meeting of the Conference of the Parties to the UN Convention on Biological Diversity (COP16) opened in Colombia on October 21 for a 12-day session. During a side event, the "Kunming-Montreal Global Biodiversity Framework: Potential OECM Cases in China," supported by Huatai Securities (Stock Code: 601688.SH, 6886.HK, HTSC.L), was presented to showcase China's diverse approaches to balancing ecological protection with socioeconomic development. On October 25 (local time), Huatai Securities, together with the Shan Shui Foundation, announced the launch of China's first OECMs special fund at COP16. The fund will provide practical and sustained support to qualified potential OECM cases, aiming to accelerate the mainstreaming of biodiversity conservation among diverse stakeholders. The Shanghai Stock Exchange Foundation will also provide charitable support for this initiative.The launch of the OECMs special fund was attended by Jillian Campbell, Representative of the UN Convention on Biological Diversity Secretariat; Liu Ning, Deputy Director General of the Department of Nature and Ecology Conservation of China's Ministry of Ecology and Environment; James Hardcastle, Head of the Protected and Conserved Areas Team at the International Union for Conservation of Nature (IUCN); and Lu Zhi, Boya Distinguished Professor at Peking University and Board Member of Shan Shui Foundation.In 2022, as the COP15 presidency, China played a key role in promoting the ambitious yet practical "Kunming-Montreal Global Biodiversity Framework." This framework introduced the "30x30" target, which aims to protect at least 30% of the world's terrestrial, inland waters, coastal, and marine areas by 2030. Since officially designated protected areas alone cannot achieve this target, other effective area-based conservation measures (OECMs) with broad social participation are widely recognized as a new conservation tool that can significantly increase conservation coverage and help achieve the 30x30 target.With support from the Department of Nature and Ecology Conservation of China’s Ministry of Ecology and Environment and funding from Huatai Securities, the China Environmental Protection Foundation, Huatai Foundation, and Shan Shui Conservation Center jointly launched an initiative to collect potential OECM cases in China. This initiative aims to gather, synthesize, and showcase exemplary practices and experiences of potential OECMs in China. Through this initiative, we hope to provide a basis and reference for developing localized OECM criteria and guidelines, thereby facilitating the pathways for OECMs in China and promoting the achievement of the 30x30 target.The initiative received 90 applications from a diverse range of stakeholders, including social organizations, businesses, universities, and farmers' cooperatives. These applications covered various ecosystems such as forests, wetlands, oceans, urban areas, and farmlands, totaling 1,290 km². They contributed to the conservation of endangered species like the Siberian tiger, giant panda, Yunnan golden snub-nosed monkey, Chinese pangolin, Baer's pochard, Chinese immaculate treefrog, Chinese horseshoe crab, and others.Following a rigorous process that included desktop review, expert evaluation, field investigations, and results disclosure, 12 cases, including the Peking University Campus Conservation Area, were selected as "Outstanding Potential OECMs." Additionally, 34 cases, including Nanjing Olympic Center's near-natural green space, were identified as "Potential OECMs." These efforts demonstrate the diverse contributions of Chinese society in the process of China further exercising leadership in the field of global biodiversity governance.At COP16's side event, "Exploring Voluntary Commitments by Non-state Actors in Advancing Other Effective Area-based Conservation Measures (OECMs): Insights from China and International Perspectives", Huatai Securities and the Shan Shui Foundation jointly launched China's first OECMs special fund – the Non-state Actor OECMs Small Grants. Building on six years of experience with the "One Yangtze River" ecological and environmental protection public welfare project, Huatai Securities will focus on the Yangtze River Basin, selecting projects from potential OECM cases with practical needs and long-term potential to provide small grants and professional capacity building through the fund.Jillian Campbell, Representative of the UN Convention on Biological Diversity Secretariat, highlighted the crucial role of OECMs in achieving the 30x30 targets, emphasizing the need to focus on management effectiveness, equitable governance, and connectivity in future implementations. Liu Ning, Deputy Director General of the Department of Nature and Ecology Conservation of China's Ministry of Ecology and Environment, noted that China's National Biodiversity Strategies and Action Plans (2023-2030) emphasizes innovating OECMs, exploring diverse governance models, and supporting various forms of in-situ conservation of biodiversity from all sectors of society. He expressed his hope that Chinese financial institutions, exemplified by Huatai Securities, will collaborate with professional organizations to conduct more exemplary explorations.Launched in 2018, Huatai Securities' "One Yangtze River" initiative promotes biodiversity mainstreaming by supporting community conservation efforts, providing youth ecological education, and fostering the growth of young professionals in sustainable development. By applying ESG principles, it encourages listed companies and financial institutions to participate in conservation. Huatai will leverage potential OECM case studies and the OECMs special fund to support diverse stakeholders' long-term biodiversity conservation efforts and innovative pilot projects, fostering a multi-stakeholder action system and promoting a collective commitment to building a beautiful China.About Huatai SecuritiesEstablished in 1991, Huatai Securities Co., Ltd. (601688.SH; 6886.HK; HTSC.LI) played a key role in modernizing China's securities industry with financial technologies, offering a diverse range of financial services to individuals and institutions. In 2023, the Company achieved an operating revenue of RMB 36.6 billion and a net profit attributable to the parent company of RMB 12.8 billion, solidifying its position as a frontrunner in the Chinese securities sector, and aiming to become a preeminent investment bank with strong footprint in China and global influence.For enquiries, please contact:Citigate Dewe RogersonBenny Liu Linda PuiTel: +86 10 6567 5056 Tel: +852 3103 0118Email: HTSC@citigatedewerogerson.com Copyright 2024 ACN Newswire via SeaPRwire.com.
SGX-listed Straits Trading partners Alta for its real estate opportunity, FIR-ST™, a fractionalised investment that provides access to prime private properties in Singapore without the need for hefty upfront expenses.FIR-ST™ aims to provide its investors with stable returns and potential capital appreciation of a property over the tenure of an opportunity.Straits Trading to tap on Alta’s global investor network for prime real estate opportunities.SINGAPORE, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - Can investments in Singapore’s private property space be as easy as buying shares? FIR-ST™ (Fractional Investment in Real estate - Straits Trading), a new investment opportunity developed by Straits Trading (STC), a conglomerate-investment company with operations and financial interests in resources, property, and hospitality, seeks to do so.Known as one of the first companies to list on SGX, Straits Trading initiated the FIR-ST™ scheme, which makes investments in prime private property space in Singapore. Under this collaboration with STC, Alta has established a fund to provide investors easy access to FIR-ST™, which aims to confer economic benefits akin to property ownership in Singapore without the hassle of upfront payments and paperwork.The projected growth rate for Singapore's real estate market in 2025 is estimated to be around 4.5%, driven by strong demand in both residential and commercial sectors. According to PropNex Research, sales activity in Singapore’s landed homes market remained resilient in 1H 2024, with 681 transactions totalling $3.7 billion, outpacing the previous half-year. Despite high interest rates and market uncertainties, buyers continue to show strong demand, driving prices upward. The Good Class Bungalow (GCB) segment also saw increased activity, with nine high-value deals totalling $219 million.What is FIR-ST™?The FIR-ST™ scheme introduces a new and innovative way to participate in the real estate market with fractionalised investing. Investors in FIR-ST™ may access economic benefits like owning a property in prime areas found in District 10 in Singapore. This innovative model provides investors with a unique opportunity which may allow them to partake in the upside of property ownership without the burdens of landlord responsibilities, property acquisition, additional buyer's stamp duty, or cumbersome paperwork, as well as a market-adjusted dividend. Operational costs are seamlessly managed by Straits Trading, ensuring a hassle-free investment experience unparalleled in the industry."Real estate remains a steadfast choice for investors aiming to strengthen their portfolios. With FIR-ST™, our partnership with Straits Trading breaks new frontiers in property investment, making exclusive opportunities and tangible economic benefits accessible through fractional investing. It’s a game-changer for those seeking a flexible and innovative way to grow their portfolios," said Benjamin Twoon, Chief Commercial Officer at Alta Alternative Investments.Eric Teng, Group Chief Operating Officer, Straits Trading added, “We are pleased to partner with Alta to introduce FIR-ST™. FIR-ST™ provides investors with a unique opportunity in fractional investment that mimic the experience of buying a physical property with potentially stable returns and upside over time.”About AltaAs the leading licensed digital securities exchange for alternative investments in Asia, we are building critical capital market infrastructure backed by some of the most active securities brokerages and bookrunners on the Singapore Exchange - Phillip Securities, PrimePartners and Nomura Holdings (Japan).Empowering Private Markets: Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets. We believe that access to capital markets are pivotal in all economies, we recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.Innovative Financial Ecosystem: Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities representing real world assets like whiskies and wines, to include fund management and digital custody.Visit us on https://alta.exchange/ About The Straits Trading Company LimitedIncorporated in 1887, The Straits Trading Company Limited is a conglomerate-investment company with operations and financial interests in resources, property, and hospitality. These include strategic stakes in one of the world’s leading tin producer, Malaysia Smelting Corporation Berhad, which is dual listed on Bursa Malaysia and the Singapore Exchange Securities Trading Limited, ESR Group Limited and Far East Hospitality Holdings as well as a diversified property portfolio that is wholly owned by the Group.For media inquiries, please contact:Deeksha Kakkar, Marketing Communications Lead, Altadeeksha.kakkar@alta.exchange Copyright 2024 ACN Newswire via SeaPRwire.com.
SINGAPORE, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - Ensign InfoSecurity (“Ensign”), one of Asia’s largest comprehensive cybersecurity solutions providers, is pleased to announce its 6th-place ranking in the 2024 MSSP Alert Top 250 Managed Security Service Providers (MSSP) list. This recognition shows Ensign’s unwavering commitment to deliver innovative, cutting-edge cybersecurity solutions for global enterprises navigating today’s increasingly complex threat landscape. Notably, Ensign is the only Asia-Pacific company in the top 10, solidifying its position as a key player in shaping the future of cybersecurity.“We are honoured to be recognised among the world’s leading MSSPs," said Chua Zong Fu, Head of Managed Security Services at Ensign InfoSecurity. "In today’s digital landscape, the need for high-quality 24/7 Managed Security Services is more critical than ever. It is no longer just about detection, but also our ability to respond faster than the attacker. This includes our ability to operationalise technologies, such as generative AI, to enhance detection efficacy and execute the right response actions. This award is a reaffirmation of Ensign’s commitment to equipping organisations with the means to stay ahead of the cyber defence curve."Ensign’s Managed Security Services leverage on our regional operations, centred around Asia, to create a multi-layer defence network to share intelligence for better protection. Based on this threat intelligence, we continuously update our detection use cases, mapping them against MITRE ATT&CK framework. Through the integration of automation and AI algorithms, we can detect micro signals of attack and stop them before attackers gain a foothold within our clients’ environment.Further solidifying its leadership in cybersecurity, Ensign recently published its 5th Cyber Threat Landscape Report 2024, providing in-depth analysis of the most significant cyber threats across key APAC markets, including Singapore, Australia, Indonesia, the Greater China Region, Malaysia, and South Korea. This annual report underscores Ensign’s dedication to offering actionable intelligence that strengthens the security posture of industries across the region.“MSSP Alert and CyberRisk Alliance congratulate Ensign InfoSecurity on this honor,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs are an elite group of cybersecurity service providers, and they continue to outperform the overall cybersecurity services market. Members of this list are the best of the best.”MSSP Alert’s Top 250 MSSPs list and research report are overseen by Jessica C. Davis, editorial director, MSSP Alert and ChannelE2E.The complete list is available here: https://www.msspalert.com/top-250As businesses worldwide accelerate their digital transformation efforts, Ensign InfoSecurity remains committed to delivering innovative, real-world cybersecurity solutions, ensuring resilience in the face of evolving cyber risks.About Ensign InfoSecurityEnsign InfoSecurity is the largest comprehensive cybersecurity service provider in Asia. Headquartered in Singapore, Ensign offers bespoke solutions and services to address their clients’ cybersecurity needs. Their core competencies are in the provision of cybersecurity advisory and assurance services, architecture design and systems integration services, and managed security services for advanced threat detection, threat hunting, and incident response. Underpinning these competencies is in-house research and development in cybersecurity. Ensign has two decades of proven track record as a trusted and relevant service provider, serving clients from the public and private sectors in the Asia Pacific region.For more information, visit www.ensigninfosecurity.com or email media@ensigninfosecurity.com. Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - According to the latest rating report from MSCI, the international index rating agency, the ESG rating of Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or the “Group”, stock code: 1788.HK) has been upgraded to A. This significant achievement signifies that GTJAI has taken solid steps in fulfilling its ESG responsibilities, showcasing the Company's continuous efforts and outstanding performance in sustainable development.MSCI ESG ratings, serving as a global benchmark for assessing corporate sustainability, cover approximately 8,500 listed companies worldwide, and MSCI is recognized as one of the most authoritative rating agencies by global investors. According to the latest ESG rating report from MSCI, GTJAI excels above industry averages in key issues such as governance, privacy and data security, responsible investment, and financing environmental impact. MSCI specifically highlights the Company's globally leading position in business ethics practices, including regular ethical audits across operational facets to proactively prevent potential unethical behavior. MSCI also notes the Company's proactive development of green bond issuance business in 2023 and the integration of ESG factors into its investment decisions, positioning it ahead of peers in responsible investment initiatives. Additionally, the Company's utilization of external independent IT security audits to mitigate cybersecurity risks demonstrates superior performance in data protection measures compared to industry standards.As a leading Chinese securities firm in Hong Kong, GTJAI focuses on the diverse needs of various stakeholders in social, economic and environmental aspects. The Company continuously deepens its ESG management, striving to integrate ESG principles into its strategic development and business operations. Meanwhile, it actively promotes the development and innovation of green finance, aiming to support the real economy in achieving sustainable development goals. Looking ahead, the Company will persistently leverage the power as a financial institution to enhance its own ESG governance standards while striving to create greater social value, contributing to the sustainable development of both the industry and society. Copyright 2024 ACN Newswire via SeaPRwire.com.
JAKARTA, Oct 28, 2024 - (ACN Newswire via SeaPRwire.com) - Wintermar Offshore Marine (WINS:JK) has announced results for 9M2024. Wintermar’s 9M2024 Net operating profit doubled to US$11.8million (+127.1% YOY) from US$5.2 million in 9M2023, contributed by higher charter rates in DP vessels and additional vessels commencing operations, while Net Attributable Profit which includes gains from vessel sales jumped to US$19.7million for 9M2024 compared to US$2.8million in 9M2023.Owned Vessel DivisionIn the Owned Vessel segment, Revenues jumped by 36.7% YOY to US$45.0 million for 9M2024, up from US$33.0 million in 9M2023. This growth was fueled by the continued rise in OSV charter rates particularly in the higher tier segment. Gross Profit from Owned Vessels rose by 124.7% YOY to US$15.5 million in 9M2024, compared to US$6.9 million in the same period last year with average charter rates 23.1% higher in 9M2024 compared to 9M2023 while vessel utilization improved slightly from 65% in 9M2023 to 67% in 9M2024.On a Quarterly basis, Owned Vessel Revenue increased by 35.1% YOY from US$13.2million in 2Q2024 to US$17.8million in 3Q2024. This strong growth was primarily driven by the deployment of two Platform Supply Vessels (PSVs) on long-term contracts at market rates after coming off a lower priced contract in April 2024, and a reactivated PSV coming into operation in August. Gross Profit increased by an impressive 81.8% QOQ, reaching US$7.5 million in 3Q2024, compared to US$4.1 million in 2Q2024, highlighting the significant widening in Owned Vessel gross margin to 41.9% in 3Q2024 from 31.1% in 2Q2024.Chartering Division and Other ServicesThe Chartering Division also enjoyed an increase Gross Profit by 20.9% YOY, despite a 11.2% YOY decline in revenue, from US$12.9 million in 9M2023 to US$11.4 million in 9M2024.Revenue from Other Services declined by 6.5% YOY, from US$5.4 million in 9M2023 to US$5.0 million in 9M2024. Gross Profit also decreased during this period, from US$2.3 million to US$1.7 million.Total Revenue rose 20.1% YOY to US$61.5million with Total Gross Profit of US$18.4 million(+81.2%YOY) for 9M2024 as compared to Total Revenue of US$51.2million and Total Gross Profit of US$10.1million in 9M2023.Direct Expenses and Gross ProfitReflecting the Company’s expanding operations and rising operational demands, Direct Costs for the Owned Vessel Division increased by 13.4% YOY to US$29.6million in 9M2024 compared to 9M2023. Depreciation costs grew by 8.2% YOY reaching US$10.1 million, due to the addition of vessels to the fleet. Crewing Expenses rose by 12.7% to US$7.6 million, due to the higher salaries and allowances required for Dynamic Positioning (DP) vessels and more vessels operating outside Indonesia.For 9M2024, Maintenance Costs increased by 39.8% YOY, to US$5.9 million, while fuel bunker costs increased by 16.8% YOY, totaling US$2.2 million. These cost increases were driven by major docking activities for certain vessels and the preparation of higher-tier vessels for long-term contracts.Indirect Expenses and Operating ProfitTotal Indirect Expenses increased by 33.1% YOY, rising from US$4.9 million in 9M2023 to US$6.6 million. The largest contributor to this increase came from salaries (+31.6% YOY to US$4.7million) due to a growing workforce in line with business expansion and bonuses paid in 2Q2024 while employee benefits were normalized in 2024 after an adjustment in 2023.Marketing expenses increased by 275% YOY from US$0.09 million in 9M2023 to US$0.4 million in 9M2024, due to marketing fees to support the Company’s international growth.Despite these cost increases, Wintermar successfully improved operational performance, reflected in a 127.1% YOY jump in operating profit, which grew from US$5.2 million in 9M2023 to US$11.8 million in 9M2024.Other Income, Expenses and Net Attributable ProfitInterest Expenses continued to fall from US$0.9 million in 9M2023 to US$0.8 million in 9M2024, reflecting a -19.1% YOY decline as outstanding bank debt decreased. The Company is now cash positive, leading to a significant increase in interest income from US$0.03 million in 9M2023 to US$0.3 million in 9M2024. This improvement in cash flow was driven by better operational performance and substantial gains from the sale of vessels.Equity in net earnings of associates turned around with a gain of US$2.1 million in 9M2024 compared to a loss of US$0.3 million in 9M2024, as operational performance from our associated companies also benefited from the industry upturn.The sale of vessels resulted in a substantial gain of US$17.4 million from the disposal of fixed assets in 1H2024, effectively crystalizing the monetary value of the fleet. This cash inflow provided management with the opportunity to reinvest in similar but younger vessels. In August 2024, the Company took delivery of a Platform Supply Vessel built in 2022, which is expected to be operationally ready by early December 2024. Non controlling interest was significantly higher at US$7.5million compared to only US$0.03million in 9M2023 to account for the minority share of earnings from the PSV business which is 51% controlled by Wintermar.Net Attributable Profit for 9M2024 totaled US$19.7million, a six fold increase (+605.2%YOY) from US$2.8million in 9M2023, due to a combination of higher gross profit from a strong performance in the core business as well as the gain from sale of vessels.The group's EBITDA increased by 50.8% YOY for 9M2024, reaching US$22.1 million.Industry OutlookThe world is navigating turbulent times, with escalating conflicts in the Middle East and Russia's ongoing war in Ukraine affecting some of the world’s most important oil producing countries. Geopolitical uncertainty has exposed the underlying vulnerabilities of the global energy system, which has contributed to a new investment cycle in upstream oil and gas as governments seek to ensure energy security.The current economic outlook points to global oil demand remaining resilient. According to the International Energy Agency (IEA), global demand for oil is expected stay above 100 million barrels per day (mb/d) through 2050. This sustained demand is driven by industrial uses, heavy-duty transportation, and petrochemical needs. The transition to renewable energy is reshaping consumption patterns, but oil and natural gas will continue to play a crucial role in meeting global energy needs.Southeast Asia remains heavily reliant on energy imports, especially oil and natural gas, to meet its growing demand. According to the IEA's World Energy Outlook, Southeast Asia is projected to become a net importer of natural gas by 2030, while China and India are also seeing a significant rise in their reliance on imported energy. China's oil imports are expected to surpass 80% by 2050, increasing its vulnerability to global supply disruptions.The Indonesian government has introduced a new gross split scheme aimed at attracting upstream investments by simplifying contractual terms and providing more favorable conditions for oil and gas contractors. This welcome move demonstrates the political will to ramp up upstream oil and gas investments in Indonesia, needed to mitigate natural production declines and the widening oil trade deficit in recent years.Business ProspectsWintermar continues to strategically strengthen its financial position and revitalize its fleet through targeted investments. As of the first nine months of 2024, the Company has invested in USS$38.8 million in fleet expansion to position its fleet in anticipation of future demand. This includes an Accommodation Work Barge (AWB), a 2022 built Platform Supply Vessel (PSV), and three newly constructed heavy load barges scheduled for delivery by the end of the year. These investments not only modernize Wintermar’s fleet but also align it with expected OSV demand as early-stage offshore drilling and exploration projects transition into the construction and production phases.These acquisitions have been financed through a combination of internal cash flow, bank loans and the sale of several low-yielding vessels. The success in securing new loans has demonstrated support from banks and enables the Company to optimize the capital structure.Contracts on hand as at end September 2024 amounted to US$71.4 million.Dividend paymentBased on the strong results in the first 9 months of 2024, the Directors have declared the payment of an interim dividend of Rp8 per share, totaling Rp34.92billion or US$2.25million. More information on the recording date can be found on our website.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel +62-21 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2024 ACN Newswire via SeaPRwire.com.
KUALA LUMPUR, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - TOPVISION Eye Specialist Berhad (“TOPVISION” or the “Company”), an experienced player in medical eye care services in Malaysia, is pleased to announce the signing of its underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) for its upcoming public offering in conjunction with the transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Transfer of Listing”) (“Bursa Securities”). This Transfer of Listing representing a significant milestone in the Company’s growth journey.Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION; Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB [L-R]TOPVISION is an established eye care provider with a strong presence in Malaysia, specialising in comprehensive ophthalmic services including cataract surgeries, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. Listed on the LEAP Market of Bursa Securities in 2018, the Company operates a growing network of ambulatory care centres (“ACCs”) across Malaysia, with plans to expand to 14 ACCs by next year, including its maiden entry into East Malaysia. With a focus on providing advanced, patient-centric care, TOPVISION is committed to leveraging medical technology to enhance the quality of life for its patients.The Transfer of Listing exercise, as outlined in the Company’s draft prospectus, will involve the public issue of 54.22 million new ordinary shares in TOPVISION (“Issue Shares”), representing 17.50% of the enlarged issued share capital, in conjunction with the transfer of its listing from the LEAP Market to the ACE Market of Bursa Securities.The allocation of Issue Shares will be offered in the following manner: -1. Institutional offering of approximately 33.93 million Issue Shares, representing 10.95% of the enlarged issued share capital, to be allocated to institutional and selected investors.2. Retail offering of 20.29 million Issue Shares, representing 6.55% of the enlarged issued share capital:a. 1.32 million Issue Shares for application by eligible directors (representing 0.42% of the enlarged issued share capital);b. 2.16 million Issue Shares for application by eligible employees (representing 0.70% of the enlarged issued share capital);c. 1.33 million Issue Shares for application by persons who have contributed to the success of the Group (representing 0.43% of the enlarged issued share capital);d. 7.75 million Issue Shares for application by the Malaysian public via balloting equally allocated between Bumiputera (representing 2.5% of the enlarged issued share capital) and 7.75 million Issue Shares for non-Bumiputera (representing 2.5% of the enlarged issued share capital) investors.HLIB, acting as the Principal Adviser, Sponsor, Sole Underwriter and Sole Bookrunner, will underwrite 20.29 million Issue Shares allocated for the retail offering.Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION said, “This Transfer of Listing is a significant moment for TOPVISION as we transition from the LEAP Market to the ACE Market. The partnership with HLIB for our listing underscores our commitment to expanding access to high-quality eye care services throughout Malaysia. The funds raised from this public offering will allow us to further enhance our medical technology, expand our network of ACCs, and continue our contributions to the eye care sector. Having first been listed on the LEAP Market in 2018, TOPVISION is well-positioned for growth, and we believe this transfer listing will provide us with the resources needed to reach new heights, benefiting both our patients and stakeholders.”Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB commented, “We are honoured to be part of TOPVISION’s journey to transfer from its LEAP Market listing in 2018 to now becoming a publicly listed entity on the ACE Market. We are excited with the prospects of TOPVISION being able to access a wider pool of investors via the ACE Market listing, which would help propel TOPVISION’s growth to the next level.”The proceeds will be primarily used for the establishment of TOPVISION International Eye Specialist Centre and two new ACCs in Kuala Terengganu and Tawau. Additionally, the proceeds will be utilised to purchase new medical equipment and cover the estimated expenses for the transfer of the Company's listing from the LEAP Market to the ACE Market of Bursa Securities.TOPVISION obtained Bursa Securities’ approval for the transfer of listing from LEAP Market to ACE Market of Bursa Malaysia on 17 September 2024.About TOPVISION Eye Specialist Berhad (“TOPVISION”)TOPVISION Eye Specialist Berhad is a prominent provider of medical eye care services in Malaysia, specialising in comprehensive eye care treatments including cataract surgery, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. Founded with a commitment to delivering advanced and patient-centric medical services, TOPVISION operates a growing network of ambulatory care centres (ACCs) across Malaysia. The Company leverages medical technology and a team of experienced ophthalmologists to provide high-quality treatments. As an experienced player in the field, TOPVISION continues to expand its services, focusing on both innovation and accessibility to enhance the eye health of patients throughout the region.For more information, visit https://www.tvesc.com/en/Issued By: Swan Consultancy Sdn. Bhd. on behalf of TOPVISION Eye Specialist BerhadFor more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizXinyi ChingTel: +60 19-337 9099Email: x.ching@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is pleased to announce that its subsidiary, China Enterprise ICT Solutions Limited (“China Entercom”), and China Resources Beer (Holdings) Company Limited (“CR Beer”) have successfully deployed two benchmark projects - “CR Beer’s Green Factory with Digital Intelligence” and “CR Beer’s One-Stop SD-WAN Hybrid Network”. These initiatives have left a significant impact and were recognized at the 2024 IDC Future Enterprise Awards China and DX Summit.Both projects received notable accolades - “CR Beer’s Green Factory with Digital Intelligence” was honored with the prestigious “IDC’s Best in Future of Digital Industry Navigator Case” award, while “CR Beer’s One-Stop SD-WAN Hybrid Network” was recognized with the “Best in Future of Connectedness of IDC Future Enterprise Awards China”. Notably, the latter project has been selected by IDC China as a contender for the prestigious IDC Future Enterprise Awards Asia Pacific, where it competes alongside other world class top-tier companies. This recognition signifies the widespread acknowledgment of these two projects by esteemed consulting institutions, industry experts, and the business community at large. China Entercom collaborates with CR Beer to launch “CR Beer’s One-Stop SD-WAN Hybrid Network” project, Earned the “Best in Future of Connectedness of IDC Future Enterprise Awards China”, Mr. Chen Xue Qiang, Deputy director of the Intelligence and Digital Department of China Resources Beer, received the award on site China Entercom empowers “CR Beer’s Green Factory with Digital Intelligence” projectAwarded the “IDC’s Best in Future of Digital Industry Navigator Case”Mr. Tao Zhi Bin, Deputy Director of Intelligence and Digitalization Department of China Resources Beer, received the award on siteAccording to the IDC panel of judges, CR Beer has established itself as a benchmark company in the industry for its outstanding performance in smart manufacturing and green production. By extensively and proactively integrating innovative technologies into business scenarios, such as Internet of Things (IoT), big data analytics, artificial intelligence (AI), the company has developed various types of technology applications to enhance their productivity and resource utilization with smarter production processes. Coupled with digitization, the company has optimized the supply chain management, reduced wastes of resources and improved the transparency of the entire value chain. An environmentally-friendly production mode has also been created by technological innovations, thereby decreasing wastewater discharge, effectively recycling energy and limiting carbon footprints. The two award-winning projects of CR Beer that highlight digital intelligence have not only demonstrated a win-win situation for economic and environmental benefits through digital transformation, but have also highlighted its role as an enabler of social and digital economic development, showcasing its corporate responsibility.“It is such an honor to receive these two valuable awards, and the recognition of our efforts in digital transformation. We are further convinced to uphold longtermism, and to accelerate all-round development in terms of globalization, premiumization, greening, cultural innovation and so on,” said Mr. Chen Xue Qiang, Deputy Director of Intelligence and Digitalization Department of CR Beer. “We would not have developed these two benchmark projects and outcompeted others without our critical partner, China Entercom, and its innovative ICT technologies and solutions. Our partnership dates back to 2019, and our teams have gained mutual trust in those five years so that we have achieved successful digitization regarding innovative technology and business innovation services. Far beyond being a provider of technologies, solutions and services, China Entercom is the trusted partner of CR Beer’s digital transformation journey.”Mr. Tao Zhi Bin, Deputy Director of Intelligence and Digitalization Department of CR Beer, said, “ At the IDC conference, CR Beer's green factory with digital intelligence was honored “Future of Digital Industry Navigator Case”. This acknowledgement not only affirms our achievements in constructing a green factory with digital intelligence, but also recognizes the potential for our company's future development. As a critical partner of CR Beer, China Entercom has provided strong support in intelligent cloud network security services, laying a solid digital foundation for us to realize our green vision of low-carbon operations. The collaboration between the two parties has achieved technical complementarity and integration, sparking deep synergies across business models, market strategies and different aspects.”Mr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC and President of China Entercom, said, “It is a great pleasure and honor to work with CR Beer on digital transformation, which is both a leading, high-quality, all-rounded alcoholic beverage company and a very important corporate client. I believe that this award is undoubtedly a high recognition for the collaborative projects between the two parties, and it is also a strong affirmation of our motto “Innovation Never Stops” and dedication in the ICT industry for more than two decades. Our next step will be riding on the wave of the digital economy, while pursuing innovation in digital intelligence, boosting high-quality development in ‘AI+ Cloud, Network, Security’ solutions, and accelerating the advancement of the ICT industry. We are committed to making technology the ultimate business enabler, promoting high-quality development with innovation and intelligence.”From the Present to the Future: China Entercom Customizes a Future-Proof “All-in-One Cloud, Network, Security” Platform for CR Beer to Realize Digital IntelligenceHeadquartered in Beijing, CR Beer is one of the significant members of China Resources Group in terms of the consumer sector, and also a pioneer with a history spanning over 30 years in the domestic alcoholic beverage industry. In view of aggregate sales, CR Beer has been top-ranked in the Chinese beer market since 2006, however, the market competition has become fiercer with the change in market demands and consumption needs, notably the trends of premiumization and diversification among the leading enterprises in the past few years. CR Beer realized digitization and intelligentization are the keys to capture the market, so it implemented the “3+3+3” corporate development strategy for premiumization in 2017, moved towards technology productization in 2020, and recently launched a dual empowerment model of “Beer and Baijiu”.To achieve digital transformation, CR Beer needs to generate higher values from technologies and foster business growth by addressing the preexisting challenges. More importantly, it needs a reliable partner with technological expertise, tailor-made solutions, exceptional service capabilities and global resources to flexibly support its future businesses and advance the three critical objectives: (1) enhance network continuity and scalability, (2) improve network efficiency, and (3) reinforce the security protection of the entire digital infrastructure.“Having considered carefully and conducted rigorous technical tests, CR Beer decided to join hands with China Entercom. With its full-cycle support from customization, deployment and installation, implementation to operation and maintenance, we adopted its innovative suite of ‘All-in-One Cloud, Network, Security’ solutions (MPLS + SD-WAN + Security + SASE + Private Cloud). With this solution as a solid and secure foundation for digital transformation, CR Beer has experienced a seamless and highly efficient transformation journey, which is in line with the ultimate goals of our partnership,” said Mr. Chen Xue Qiang, Deputy Director of the Intelligence and Digitalization Department of CR Beer.IDC commented on “CR Beer’s One-Stop SD-WAN Hybrid Network” project, said: “This project has excelled and outcompeted others in network optimization, service delivery, technology innovation and low-carbon development. Additionally, the one-stop service provided by China Entercom not only streamlines the network management, but also ensures network stability and security with its round-the-clock monitoring function. With the integration of multiple innovative technologies, the customized ‘All-in-One Cloud, Network, Security’ solutions have addressed the digital transformation requirements of CR Beer. In particular, deploying the private cloud in the low-carbon data center is apparently a proactive approach to environmental protection and low-carbon operation, providing an excellent paradigm of both economic benefits and social responsibility commitments, setting a benchmark for the industry.”Rooted in China, Connecting Globally: China Entercom as the long-term partner of CR Beer’s Globalization StrategyCR Beer is committed to fulfilling its responsibility as a subsidiary of China Resources Group, actively promoting the “Belt and Road” Initiative and global development. To connect globally, the company first established a global strategic partnership with Heineken Group in 2019 under the “Going Global” policy, making China the second largest market for Heineken. By leveraging the global resources of China Entercom and its parent company CITIC Telecom CPC, the next step of CR Beer is to promote a comprehensive digital transformation with network improvement as the basis, realizing automated workflow and intelligent decision support. Meanwhile, the company is looking forward to boosting operational efficiency and responsiveness to drive rapid business growth and expand its market presence along the “Belt and Road”, in Southeast Asia, Europe and the global market.Mr. Henry Ko, General Manager of Enterprise Sales, China Entercom, said, “The cooperation between China Entercom and CR Beer started at the initial stage of its digital transformation journey. As an industry leader, CR Beer has more heightened requirements of digital transformation — cost reduction, higher efficiency, and most importantly, holistically solving current pain points and challenges for a better future. And this is where our strengths lie. Having worked with a variety of industries for more than 20 years, China Entercom is well aware that forward-looking technologies and services offered by solution providers are the keys to maximizing clients’ IT investment efficiency.”“There are some prerequisites for new technology applications to attain cost reduction and efficiency enhancement during digital transformation. The first is to select the right technologies and solutions, and the second is to carry out customized implementation and deployment for better business development. In other words, choosing the right partner matters. It is a great pleasure to be the right partner for CR Beer, and to be working together since the very beginning of its digital transformation, which it has eventually achieved higher efficiency with technologies,” continued Mr. Ko.Beer with ICT Innovations: CR Beer Adds a Hint of New Technology FlavorThe in-depth cooperation between CR Beer and China Entercom demonstrates the convergence of innovative ICT technologies with the traditional alcoholic beverage industry, resembling a brewer blending liquors delicately. The next stage of cooperation is reportedly in the direction of going globally, AI+ and SOC-as-a-Service (SOCaaS).“Under the leadership of Mr. Guo Hua, Chief Digital Officer of CR Beer, the information technology team is actively promoted ‘Five Transformations, Three Concentrations, One Core, and Four Platforms as the transformation framework to comprehensively promote the implementation of the digital strategy, committed to aligning with top international standards. As we strongly support the digitalization of our business systems, we consistently enhance infrastructure development and information security. In parallel, we are proactively delving into the implementation of cutting-edge technologies like artificial intelligence, aiming to propel our digital transformation efforts. Our goal is to establish a globally competitive IT brand and highlight the distinctive value of CR Beer and its IT division through recognition at the IDC awards. We anticipate our continued collaboration with China Entercom, strategically mapping out our long-term partnership to achieve a more robust digital transformation and sustainable development,” concluded Mr. Chen Xue Qiang, Deputy Director of the Intelligence and Digitalization Department of CR Beer.References[1]Source: CR Beer[2]https://www.jnexpert.com/article/detail?id=4040About IDC Future Enterprise Awards ChinaIn its ninth year, the IDC Future Enterprise Awards recognize remarkable institutions, organizations and/or individuals that have showcased critical efforts and breakthroughs in digital transformation. The Award is forward-looking, neutral and international. The awardees are the most representative digital transformation cases of the year, who are acknowledged as the pioneers that pave the way to future businesses and highlight the business values of digital transformation.About IDCInternational Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit http://www.idc.com.About CR BeerChina Resources Beer (Holdings) Company Limited (HKD Counter Stock Code: 291 / RMB Counter Stock Code: 80291), is an alcoholic beverage listed subsidiary company of China Resources (Holdings) Company Limited, specializing in alcoholic beverage production, sales and distribution. It fully owns China Resources Snow Breweries Limited and China Resources Wine Holdings Co., Ltd.. The former focuses on brands such as Snow and Heineken, while the latter holds, participates in and/or manages three baijiu companies (Guizhou Jinsha, Jingzhi and Golden Seed). Please visit https://www.crbeer.com.hk/home/ for more information.About China EntercomChina Enterprise ICT Solutions Limited (“China Entercom” or “CEC”), a subsidiary of the CITIC Group. With solid global knowledge, diversified industrial experience, successful cases and top-notch expertise, as well as incorporating extensive ICT resource coverage, global-local capabilities and world-class solutions, China Entercom stands as the trusted partner for comprehensive solutions, addressing customers’ specific ICT requirements and fostering their development along the “Belt and Road” and around the globe.For more information, please visit https://www.china-entercom.com/En/.About CITIC Telecom CPCWe are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.With the motto “Innovation Never Stops,” we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect nearly 170 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24x7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.For more information, please visit www.citictel-cpc.comMedia Contacts: Catherine Yuen CITIC Telecom CPC (852) 2170 7536 Email: catherine.yuen@citictel-cpc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
