SYDNEY, AU, Sept 30, 2024 - (ACN Newswire via SeaPRwire.com) - SSLTrust, a leading global provider of digital certificates for public key infrastructure, has identified the APAC region as needing a new local issuing Certificate Authority.Verokey LogoVerokey, the new Australian Issuing Certificate AuthorityCurrently, in the APAC region, SSLTrust has been pushing international Certificate Authority products for Australia to the forefront, which has been welcomed by customers but with limited acceptance, mainly in terms of price. So launching a new Australian-based issuing Certificate Authority, Verokey, using the same infrastructure, has been very well accepted by customers to overcome that hurdle. Verokey has proven instrumental in fundamental security for Australian and Asia Pacific businesses and government entities while providing the best solutions at affordable prices. This success is in addition to SSLTrust's customer-centric approach to PKI solutions and their implementation.Unlike many other Certificate Providers in Australia and the Asia Pacific, we can provide customers with a high level of local support via phone, email, online chat and onsite assistance. We help customer manage all their Certificates through their very own feature-rich account while benefiting from the lower priced Verokey productsSSLTrust's Managing Director, Paul Baka, explains how this lets users have quality products to the likes of other Certificate Authorities but with an added level of quality support and better local pricing - a feature that's not otherwise readily available in Australia.Purchasing Certificates to secure networks, devices, websites, and more has historically been a significant headache for Australian organisations, with the costs constantly rising and exceeding allocated budgets. In the last two years alone, customers of the overseas-based Certificate Authorities have seen price increases upward of 50%. And when organisations weigh these against the benefits, they start to question the requirements of these higher-priced solutions. That is where Verokey helps by providing the same solutions and products (sometimes exceeding current offerings) while still keeping the prices affordable so organisations can maintain their security and meet budget limitations.Paulunderscores the company's unwavering commitment to meeting unique customer requests. This dedication to customer satisfaction is a key differentiator for SSLTrust, setting it apart from other resellers or Certificate Authorities and reassuring customers that SSLTrust is always ready to go the extra mile to meet their requirements, making them feel accommodated and understood.Critical features of SSLTrust's repertoire of products through the new Verokey Issuing Certificate Authority include (but are not limited to):More competitive prices than were previously available in APACRapid service and streamlined issuance processesPKI Certificate Lifecycle Management SolutionsAmple support systems provided by web security expertsAs the importance of digital trust increases, so does the value of high-end SSL/TLS certificates and their ease of management.Keyko Press Release: (+61) 02 8123 0992Contact InformationHollie AcresAccount Managerinfo@keyko.com.au+61 2 8123 0992Related FilesverokeySOURCE: SSLTrust Copyright 2024 ACN Newswire via SeaPRwire.com.
SYDNEY, AU, Sept 28, 2024 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Limited ("IBG" or the "Company"), a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands with a focus on premium and super premium brands, today announced the closing of its initial public offering (the "Offering") of 1,350,000 ordinary shares, at a public offering price of $4.00 per share for total gross proceeds to the Company of $5.4 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted a 30-day option to the underwriters to purchase up to an additional 202,500 ordinary shares solely to cover over-allotments, if any.The ordinary shares began trading on The Nasdaq Capital Market, under the symbols "IBG", on September 26, 2024. The Offering closed on September 27, 2024.The Benchmark Company, LLC acted as the sole book-running manager for the Offering. Sichenzia Ross Ference Carmel LLP served as legal counsel to the Company.A registration statement on Form F-1 (No. 333-266965) relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission (the "SEC") on September 25, 2024. The Offering was made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, on the SEC's website, www.sec.gov, or by contacting The Benchmark Company, LLC, 150 East 58th Street, #17, New York, New York 10155, at (212) 312-6700.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Innovation Beverage Group LimitedInnovation Beverage Group Limited is a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands with a focus on premium and super premium brands. The Company owns exclusive manufacturing rights in its beverage portfolio. The Company's products are sold in both the United States and Australian markets. To learn more, go to https://www.innovationbev.com/ .Safe Harbor Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "may", "could", "expects", "projects," "intends", "plans", "believes", "predicts", "anticipates", "hopes", "estimates" and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon several assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company's control. Actual results (including the anticipated benefits of the offering described herein) may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in the Company's filings with the Securities and Exchange Commission. The forward-looking statements are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements.Investor Relations Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Nissin Foods Company Limited ('Nissin Foods', together with its subsidiaries, the 'Group'; Stock code: 1475) is pleased to announce that the Group, as the purchaser, entered into the Share Sale and Purchase Agreement with the Sellers and the Sellers' Guarantors (the 'Acquisition'). This agreement relates to the Acquisition of 100% of the issued share capital in ABC Pastry, a leading manufacturer of frozen dumplings which are either company branded (i.e. ABC Pastry) or third party branded in Australia.The consideration for the Acquisition is AU$33.7million (equivalent to approximately HK$178.6 million). Upon completion of the Acquisition, ABC Pastry will become a wholly-owned subsidiary of the Group engaged in the frozen food business in Australia market, catering to nationwide retailers.ABC Pastry is a well-known Australian brand based in Sydney, nationally recognised for its premium quality dumplings. It is an experienced manufacturer of frozen dumplings with a reputable brand known to the local Asian communities in New South Wales and Victoria, Australia. The Group believes that Nissin Foods being a listed company could provide valuable expertise and experience in the operational and financial management of ABC Pastry. The Acquisition would contribute to ABC Pastry's long-term development and enable the Group to diversify its business portfolio. Such diversification will broaden the Group's income sources, benefitting the Group and its shareholders.The Acquisition will present the Group with a premium opportunity to tap into Australian frozen food market. The Australian frozen food market size is expected to experience robust growth as the frozen dumplings, in particular, have been benefitting from the rising Asian migration to Australia. Additionally, there is a growing demand for convenient, high-quality frozen foods, driven by busy lifestyles and a desire for international cuisine such as Asian. The Group anticipates that the trend will continue, and there will be ample opportunities for expansion of the premium frozen food market in Australia.Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, 'The acquisition of ABC Pastry marks another milestone in our overseas market plan, soon after the joining of the Korean snack manufacturer Gaemi Food to the Nissin family in June. This latest acquisition will allow us to diversify our product offerings and distribution channels and aligns with our long-term corporate vision and strategy of strengthening our market presence in key overseas markets. By leveraging ABC Pastry's extensive local network and premium frozen products, Nissin Foods is well-positioned to enhance our connection with the local community and Australian consumers. We believe that the acquisition will reap significant operational and financial synergies through the integration of its business with ours, ultimately delivering increased value to shareholders.'For more information, please refer to the Announcement on the Hong Kong Stock Exchange website at:https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0927/2024092701479.pdfNissin Foods Company Limited acquires Australian frozen food manufacturerABC Pastry Holdings Pty Ltd. (second left) Mr. Kiyotaka ANDO, ExecutiveDirector, Chairman and Chief Executive Officer of Nissin Foods; (on the left)Mr. Shinji TATSUTANI, Executive Director and Chief Financial Officer, signthe Share Sale and Purchase Agreement with (second right) Mr. Peter GAO,Director and General Manager, ABC Pastry Holdings Pty Ltd; and (on the right)Mrs. Tong WU, Director, Min Investments Pty Ltd.Nissin Foods Company Limited acquires Australia frozen food manufacturer ABCPastry Holdings Pty Ltd. (From left to right) Mr. Shinji TATSUTANI, Executive Director and Chief Financial Officer of Nissin Foods; Mr. KiyotakaANDO, Executive Director, Chairman and Chief Executive Officer of NissinFoods; Mr. Peter GAO, Director and General Manager, ABC Pastry Holdings PtyLtd; and Mrs. Tong WU, Director, Min Investments Pty Ltd, attend the signingceremony of the Share Sale and Purchase Agreement.ABC Pastry is a nationally recognised brand renowned for premiumquality dumplings that includes dumplings and juicy buns (also known assoup dumplings) in Australia.About Nissin Foods Company LimitedNissin Foods Company Limited ('Nissin Foods', together with its subsidiaries, the 'Group'; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China, with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely 'NISSIN' and 'DOLL' together with a diversified portfolio of iconic household premium brands. The Group's five flagship product brands, namely 'Cup Noodles', 'Demae Iccho', 'Doll Instant Noodle', 'Doll Dim Sum' and 'Fuku' are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the 'ECO Cup' concept and primarily focuses its sales efforts in first-and second-tier cities. In addition, Nissin Foods operates business in other Asian regions including Vietnam, Taiwan and Korea markets.Nissin Foods is currently a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index - Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk. Copyright 2024 ACN Newswire via SeaPRwire.com.
Mr. Wei Aiguo, Managing Director (Right),Mr. Derek Lai, Deputy Managing Director (Left)HONG KONG, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2024 (“1HFY2024/25” or the “Reporting Period”).During the Reporting Period, the Group’s revenue increased by 9.9% year-on-year to HK$860.3 million. The increase was attributable to the growth in interest income, driven by various marketing programs implemented in 1HFY2024/25 that successfully sustained sales growth despite the slow economic recovery. With the cost-to-income ratio decreasing to 47.0% from 48.0% in 1HFY2023/24 due to enhanced operational efficiency, the Group recorded an operating profit before impairment losses and impairment allowances of HK$426.0 million for the Reporting Period, representing an increase of 11.7% from 1HFY2023/24. Profit after tax was HK$170.4 million (1HFY2023/24: HK$191.4 million). The decrease in profit after tax was due to the increase in impairment losses and impairment allowances as a result of the rise in credit defaults and weakened economic indicators.The Board has resolved to declare an interim dividend of 24.0HK cents per share (1HFY2023/24: 24.0 HK cents per share), representing a dividend payout ratio of 59.0%.To cope with the slower than expected economic recovery and other headwinds, the Group took timely measures during the Reporting Period to sustain the increase in both sales and receivables, while making significant efforts to enhance its risk-based pricing mechanism to maximize the return from its credit card and personal loan portfolios, and utilized an effective credit risk management mechanism to reduce the likelihood of credit impairment.The Group achieved an overall increase in sales of 10.6% in 1HFY2024/25 compared with the first half of the previous year, and the gross advances and receivables balance continued to record an increase of 3.8% from the end of February 2024.With regard to marketing, the Group utilized targeted marketing and attractive promotions to better promote the competitive edge of its carefully devised products and services to the intended customers. Meanwhile, in order to diversify its branch network and meet customers’ growing demand for face-to-face advisory services, the Group continued to revamp and expand its branch network, including the opening of the new Shatin branch in June 2024 with a dedicated insurance consultation counter.To further strengthen its technological foundation, the Group has successfully relocated its core data center to Tseung Kwan O, with its infrastructure ranked top tier in terms of uptime guarantee, fault tolerance and competitive service cost. The new data center is located in a building purposely designed to meet internationally recognized green building certification standards, demonstrating the Group’s commitment to integrating sustainability into its business operations.Looking ahead, the Group will seek receivable growth at reasonable yields while managing funding expenses to increase net interest income. Flexible marketing strategies will also be adopted to broaden the customer base and service channels, leveraging on systems to boost service quality and operational efficiency. In addition, the Group will endeavour to diversify revenue streams by cultivating fee-generating transactions and insurance intermediary businesses.As credit conditions are expected to remain challenging, the Group will closely monitor the effectiveness of credit assessment and credit management improvement, as well as achieve better maturity matching, to minimize credit and liquidity risks.Regarding digitalization of operations, the Group will continue to enhance its call center platform and provide responsive customer interaction. Data analytics tools will also be further developed to heighten the effectiveness of marketing, credit assessment and credit management activities.To enhance credit card services, the upcoming introduction of the virtual credit card functionality within the “AEON HK” mobile application will provide customers with immediate purchasing capabilities right after card-approval and activation without the need for branch visits.Besides, in response to evolving consumer preferences and payment technologies, a new credit card design will be launched on 30 September 2024 to offer customers a more convenient and premium payment experience. The redesign addresses growing demand for contactless payment and uses recycled plastics, embodying the Group’s commitment to innovation and sustainability.Mr. Wei Aiguo, Managing Director of AEON Credit, said, “Despite the uncertainties in the macroeconomic environment, we will continue to devote resources to provide exceptional consumer finance services to meet evolving customers’ needs and to expand our customer base with innovative customized products. With our strong liquidity and balance sheet, as well as proven management expertise and capabilities, we are well positioned to take advantage of the opportunities in the consumer finance market to achieve better performance in the remainder of the year.”About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company’s website at www.aeon.com.hk. Copyright 2024 ACN Newswire via SeaPRwire.com.
Investment Highlights:- Our vision is to become a pioneer in the construction industry and lead the direction and standards of industry development.- Our mission is to maintain the best performance in safety, health, environment and quality in the industry.- Our goal is to consolidate our market position, expand our market share, and seize growth opportunities in Hong Kong's construction industry.- With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, Wing Lee has participated in sizeable infrastructure projects including the Third Runway Projects at the Hong Kong International Airport, a village sewerage project at Mui Wo in respect of road and drainage works, and electrical cable engineering works for the CLP Group. The Company is the largest power cabling and civil pipeline installation subcontractor in Hong Kong in 2023.- Highly experienced management team, includes the two founders who have more than 26 and 18 years of experience in the industry, respectively, and are responsible for the overall management, formulation of business strategies and development, as well as the Company’s environmental protection and sustainable development process.- Has its own workforce and abundant machinery and equipment, providing flexibility to undertake sizable infrastructure projects, reducing the reliance on subcontractors or suppliers and maintaining its competitiveness of pricing.- Imposes a stringent quality control and high safety standard and environmental impact control.- Grasps the trends of sustainable development in Hong Kong, started deploying solar PV system business as early as in 2019.- Distributor of electric construction machinery of China Wealth Hong Kong Machine Limited, a fellow subsidiary of SANY Heavy Industry Co., Ltd* (a company listed on the Shanghai Stock Exchange) and Sany Heavy Equipment International Holdings Company Limited (a company listed on the Hong Kong Stock Exchange)- For the year ended 31 March 2024, the Company’s revenue and net profit climbed year-on-year by 45.7% and 89.6%, respectively.HONG KONG, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Wing Lee Development Construction Holdings Limited (" Wing Lee " or " Company", together with its subsidiaries, the “Group”)), a new generation construction industry leader, announced today its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).Wing Lee plans to offer 250,000,000 Shares (subject to the over-allotment option), of which, 90% are for placing (subject to reallocation and the over-allotment option), and the remaining 10% will be for public offer (subject to reallocation), with an offer price range of HK$0.57 to HK$0.73 per Share (subject to downward offer price adjustment where the offer price will be HK$0.513 per Share). Assuming an offer price of HK$0.65 per Share, being the mid-point of the offer price range, and after deducting the underwriting fees, commissions and estimated expenses in relation to the share offer, the net proceeds from the share offer is estimated to be approximately HK$130.5 million.The public offer will commence on 27 September 2024 (Friday) and end at noon on 4 October 2024 (Friday). The allotment results will be announced no later than 8 October 2024 (Tuesday). Trading of Wing Lee’ Shares will commence on 9 October 2024 (Wednesday) under the stock code of 09639. The shares will be traded in board lots of 5,000 shares each.Alliance Capital Partners Limited is the Sole Sponsor and Overall Coordinator of the share offer, while Alliance Capital Partners Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, ABCI Capital Limited, Haitong International Securities Company Limited and China Industrial Securities International Capital Limited are the Joint Bookrunners. ABCI Securities Company Limited, Cinda International Capital Limited, Phillip Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, ZMF Asset Management Limited, Gaoyu Securities Limited and Livermore Holdings Limited are the Joint Lead Managers. The Cornerstone Investors include Sany Hongkong Group Limited, Accel Group Holdings Limited and The Triplex Holdings Limited.BUSINESS OVERVIEWThe Group is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, the Group provides comprehensive and high-quality construction services. In terms of civil engineering works, the Group specializes in site formation works and road and drainage works. For electrical cable engineering works, the Group specializes in cable trenching, laying and jointing works. For solar PV system works, the Group specializes in design, installation and maintenance works of solar PV systems.For the three financial years ended 31 March 2024, the Group completed a total of 79 projects. In terms of site formation works, the Group has participated in sizeable infrastructure projects such as the Third Runway Projects at the Hong Kong International Airport. In respect of Road and drainage works, the Group was the main contractor of a department of Hong Kong Government for a village sewerage project at Mui Wo with a contract sum of approximately HK$99.1 million. As for electrical cable engineering works, the Group was one of the subcontractors for the CLP Group, providing zonal cable trenching, laying and jointing works in the Sham Shui Po, Wong Tai Sin and Tsuen Wan zones. According to the industry report prepared by Frost & Sullivan Limited, the Group is the largest power cabling and civil pipeline installation subcontractor in Hong Kong in 2023 with the market share of approximately 13.6% based on its revenue for FY2023/24. As at 31 July 2024, the Company currently has 27 projects in progress and its value of backlog amounts to approximately HK$815.5 million.Development and StrengthsWith the Hong Kong government deploying for and investing in site formation and infrastructure projects in the proposed Northern Metropolis Development, the Hong Kong-Shenzhen Innovation and Technology Park, and the Hung Shui Kiu/Ha Tsuen New Development Area, civil engineering market demand is expected to keep growing. Wing Lee has high hopes to stand out in the fierce market competition, be able to fully grasp the huge business opportunities in the developing industry, and in turn see its business revenue grow rapidly.For combating climate change and achieving carbon neutrality, the Hong Kong government launched the Hong Kong’s Climate Action Plan 2050, setting out the vision of “Zero-carbon Emissions • Liveable City • Sustainable Development”. In addition, the Development Bureau also established the Construction Innovation and Technology Fund (CITF) to support advanced construction technologies. Always staying abreast of Hong Kong’s development trend, the Group has been actively participating in finding energy efficiency solutions for the market. As early as in 2019, it started deploying its solar PV system business.Additionally, the Group has entered into a distribution agreement with China Wealth Hong Kong Machine Limited (“China Wealth”), a fellow subsidiary of SANY Heavy Industry Co., Ltd* (a company listed on the Shanghai Stock Exchange) and Sany Heavy Equipment International Holdings Company Limited (a company listed on the Hong Kong Stock Exchange). Furthermore, the electric machinery of China Wealth, such as electric loader and electric excavator, is on the pre-approved list of the Construction Innovation and Technology Fund (CITF) under the category of advanced tools and equipment. Thus, confident in electric machinery having opportunities to develop continuously, Wing Lee will purchase, invest in and deploy more of them for use in future projects.Wing Lee consistently emphasizes safety and is committed to promoting safety practice during the implementation of our projects. Over the past three fiscal years, the Company’s accident rates was lower than the industry average in Hong Kong. Additionally, Wing Lee will respond to the Hong Kong government's adoption of Smart Site Safety System (“4S”). The System can monitor activities and identify safety hazards, collect real-time data and send them to the centralized management platform for data analysis and issuing alert, offering workers assistance and protection any time plus a full picture of the safety situation on a construction site, for a project to be implemented more efficiently.One of the advantages of Wing Lee is its own strong workforce and machinery and equipment, giving it flexibility in allocating workers and machinery and equipment to handle projects of different sizes and complexity. Meanwhile, it also reduces the Company’s reliance on subcontractors or suppliers which would maintain its competitiveness of pricing.Wing Lee’s management team has extensive project experience and industry influence in theconstruction industries in Hong Kong. Among them, Mr. Yiu Wang Lee, Chairman, CEO, Executive Director, and co-founder, has over 26 years of experience in civil and electrical cable engineering industries; Mr. Yiu Wang Lung, an executive Director and one of our founders, has over 18 years of experience; Mr. Chan Lo Man, an executive Director, is primarily responsible for the day-to-day project management and day-to-day management of the operations of the Company. Mr. Chan has been responsible for overseeing the Company’s various major projects, including the projects with the CLP Group and the Third Runway Projects of the Hong Kong International Airport, among others; Ms. Tse Ka Wing has accumulated expertise with over 17 years of finance and accounting experience. The Company's three independent non-executive directors also bring rich industry experience. The Honorable Mr. Shang Hai Long is a member of the Legislative Council of the Hong Kong Special Administrative Region and serves as an advisor to several listed companies; Mr. Fu He has over 30 years of exceptional management experience in civil engineering, and held key positions in several listed companies; Mr. Leung Wai Hung has more than 20 years of extensive experience in multiple Hong Kong listed companies, including CK Hutchison Holdings Limited (Stock Code: 001).Financial PerformanceWing Lee has achieved a solid financial performance over the past three financial years. For the three financial years ended 31 March 2024, the revenue amounted to approximately HK$520.4 million, HK$361.2 million and HK$526.1 million, respectively. The net profit amounted to approximately HK$59.1 million, HK$40.6 million and HK$76.9 million, respectively. The gross profit margin increased from approximately 18.0% for the year ended 31 March 2022 to approximately 20.9% for the year ended 31 March 2023 to approximately 23.1% for the year ended 31 March 2024, while the net profit margin increased from approximately 11.3% for the years ended 31 March 2022 and approximately 11.2% for the year ended 31 March 2023 to approximately 14.6% for the year ended 31 March 2024.Mr. Yiu Wang Lee, Chairman, CEO, Executive Director, and co-founder of Wing Lee said: “The Group is committed to operating its business in a sustainable manner, making good use of resources and providing customers with quality and reliable services. We are fully aware that achieving long-term and sustainable development goals requires not only excellent business strategies, but also active promotion of environmental and social responsibility, talent development, and community feedback. We strive to achieve a balance and win-win situation among social, environmental, and economic aspects, thereby contributing to global sustainable development.”Use of ProceedsAssuming an offer price of HK$0.65 per offer share, which is the mid-point of the indicative offer price range, the Group expects to receive net proceeds of approximately HK$130.5 million, after deducting the underwriting fees and commissions and estimated expenses payable in connection with the Offering. The Group intends to use the proceeds from the Public Offering for the purposes and in the amounts set forth below:- Acquiring additional electric machinery and equipmentHK$58.7 million45%- Paying upfront costs for new projectsHK$45.7 million35%- Recruiting new staff membersHK$6.5 million5%- Procuring 4S and an enterprise resources planning systemHK$6.5 million5%- For our general working capitalHK$13.1 million10%Financial Highlights HK$ ’000For the year ended 31 March 202220232024Revenue520,351361,207526,099Gross Profit93,61375,533121,607Profit for the Year59,05540,56576,907Gross Profit Margin18.0%20.9%23.1%Net Profit Margin11.3%11.2%14.6% About Wing Lee Development Construction Holdings LimitedThe Group is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, the Group has participated in sizeable infrastructure projects such as the Third Runway Projects at the Hong Kong International Airport. The Group was also one of the subcontractors for the CLP Group, providing zonal cable trenching, laying and jointing works in the Sham Shui Po, Wong Tai Sin and Tsuen Wan zones. It was the main contractor of a department of Hong Kong government for a village sewerage project at Mui Wo with a contract sum of approximately HK$99.1 million. According to Frost & Sullivan Limited, Wing Lee is the largest power cabling and civil pipeline installation subcontractor in Hong Kong in 2023 with the market share of approximately 13.6% based on its revenue for FY2023/24. One of the advantages of Wing Lee is its own strong workforce and machinery and equipment, giving it flexibility in allocating workers and machinery and equipment to handle projects of different sizes and complexity.THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR TO ISSUE, OR A SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES (THE “SHARES”) OF WING LEE DEVELOPMENT CONSTRUCTION HOLDINGS LIMITED (THE “COMPANY”) IN ANY JURISDICTIONS IN WHICH SUCH OFFER, INVITATION, SUBSCRIPTION OR SOLICITATION OR SALE IS NOT PERMITTED. THIS PRESS RELEASE AND THE SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS OF THE UNITED STATES, AND MAY NOT BE DISTRIBUTED OR OFFERED, SOLD OR DELIVERED, AS THE CASE MAY BE, IN THE UNITED STATES, OR TO, OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS, EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR IN ACCORDANCE WITH AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT. THE COMPANY HAS NOT AND DOES NOT INTEND TO REGISTER THE SHARES UNDER THE U.S. SECURITIES ACT OR MAKE ANY PUBLIC OFFER OF THE SHARES IN THE UNITED STATES. NO COPY OF THIS PRESS RELEASE (AND INFORMATION CONTAINED HEREIN) HAS BEEN OR SHOULD BE DISTRIBUTED OR SENT, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.THE PRICE OF THE SHARES MAY BE STABILIZED IN ACCORDANCE WITH THE SECURITIES AND FUTURES (PRICE STABILIZING) RULES (CHAPTER 571W OF THE LAWS OF HONG KONG) IN HONG KONG. THE DETAILS OF THE INTENDED STABILIZATION AND HOW IT WILL BE REGULATED UNDER THE SECURITIES AND FUTURES ORDINANCE (CHAPTER 571 OF THE LAWS OF HONG KONG) ARE CONTAINED IN THE PROSPECTUS OF THE COMPANY.THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS THAT STATE THE INTENTIONS, BELIEFS, EXPECTATIONS OR PREDICTIONS FOR THE FUTURE THAT ARE, BY THEIR NATURE, SUBJECT TO SIGNIFICANT RISKS AND UNCERTAINTIES AND THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. Copyright 2024 ACN Newswire via SeaPRwire.com.
- TEC achieves 50,000 Members, reflecting its exceptional workspace solutions- Celebrating 30 years of innovation and excellence in the industry- TEC continues to enhance Member experiences through premium servicesHONG KONG, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - The Executive Centre (TEC), Asia’s leading premium flexible workspace provider, is proud to announce that it has signed up 50,000 Members within its global network of premium flexible workspaces, coinciding with the celebration of its 30th Anniversary. This extraordinary milestone not only marks a significant moment in the company's history but also underscores its enduring commitment to redefining the future of work.Since its inception in 1994, The Executive Centre has been at the forefront of the flexible workspace revolution, adapting to the changing dynamics of the modern workforce. The growth to 50,000 Members reflects the trust and loyalty of TEC’s diverse clientele – with 83% of its client portfolio being multinational companies (MNCs) and the balance being high-net-worth small and medium sized enterprises (SMEs) – all seeking the premium, versatile workspace solutions that TEC provides.“We are thrilled to welcome our 50,000th Member into The Executive Centre community,” said Paul Salnikow, Founder and CEO of The Executive Centre. “As we celebrate our 30th Anniversary, we remain committed to enhancing the Member experience, supporting our vibrant community, continuously growing with our Members and providing exceptional work environments that foster collaboration and innovation.”In the past three decades, The Executive Centre has grown to become one of the largest flexible workspace providers in Asia-Pacific, boasting an expansive portfolio of over 220 locations, generating USD 315 million in annual revenue, and an annual compounded growth rate of 18%.As TEC looks to the future, the company is well-positioned to maintain its leadership in the premium workspace sector. TEC is committed to delivering best-in-class services that empower Members to succeed while fostering a thriving community for innovation, connection, collaboration, and growth.About The Executive CentreThe Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 220+ Centres in 36 cities and 16 markets. It is the third largest serviced office business in Asia.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, South Asia, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business' needs.www.executivecentre.comPress EnquiriesFGS GlobalKitty LamKitty.Lam@fgsglobal.com / +852 6306 8851The Executive CentrePebble LeePebble_lee@executivecentre.com / +852 3951 9888 Copyright 2024 ACN Newswire via SeaPRwire.com.
New York and Tokyo, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced its Go IPO client, SBC Medical Group Holdings Inc. (“SBC”), has successfully commenced trading under the symbol “SBC” on the Nasdaq Global Market exchange. HeartCore was initially compensated through an aggregate $900,000 in initial fees and warrants to acquire 2.7% of SBC’s common stock, on a fully diluted basis, which equate to $17 million; in total, HeartCore generated $17.9 million in revenue from the SBC deal, with $17 million to be recognized in Q3 2024.As previously mentioned, of the $17.9 million, HeartCore sold $9 million worth of warrants to a Japanese financial institution during Q1 2024. The Company generated $5.64 million in net sales after paying a referral fee of $3.36 million to So Management Inc. for sourcing the lead. With SBC now publicly traded, HeartCore holds in total $8 million worth of SBC stock.Pursuant to the initial agreement, the Company assisted SBC throughout the listing process, including the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering, providing general support services, assisting in the preparation of the F-1 filing, and more.Additionally, HeartCore announced the following guidance range for Q3 2024:Revenue: $19 million-$23 millionNet Profit: $4 million-$8 million“The SBC Medical Group deal is our biggest Go IPO deal to date, amassing a gross total of $17.9 million in total top line revenue for HeartCore,” said CEO Sumitaka Kanno Yamamoto. “Our team played a vital role in fostering the go public process for our treasured client, and we are very much looking forward to the progress and continued success SBC will create as a publicly traded company on the Nasdaq.“Furthermore, we are very encouraged by our forecasted financials for Q3 2024, as HeartCore is slated to have its strongest quarter in corporate history. Relative to last year’s revenue for the first nine-months ended September 30, 2023, of $18.5 million, we anticipate generating between $28.1 million and $32.1 million in revenue for the nine months ended September 30, 2024, with a significant profit. We expect this year will be HeartCore’s strongest by far, and we continue to stay laser focused on providing value for our Go IPO clients, in addition to our enterprise software clients.”For more information, please contact:Mandy TanEmail: m.tan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
EAST LONGMEADOW, MA, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Fast Company, the world's leading business media brand, with an editorial focus on innovation in technology, leadership, world-changing ideas, creativity and design, has selected Excel Dryer, Inc., for the 2024 100 Best Workplaces for Innovators (BWFI) list, ranking the manufacturer at number 40 among 100 companies that foster a culture of innovation and creativity in their workplaces worldwide. In addition to this distinguished honor, Excel Dryer was also selected as one of 10 finalists in the BWFI category of General Excellence.William Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer, accepted the Fast Company "100 Best Workplaces for Innovators" award.BWFI honorees are selected from across industries, chosen for their investment in employees and a workplace that encourages experimentation and forward thinking. The General Excellence category, new in 2024, recognizes companies that have established strong innovation cultures that have yielded remarkable results."As the creators of the energy-efficient, high-speed hand dryer category, Excel Dryer is proud to be recognized for our ongoing commitment to fostering employee engagement, creativity and vision," said William Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer. "We invest heavily in research and development, adopting state-of-the-art technologies that empower our employees across departments."Examples of recent initiatives at Excel Dryer include:Renovation of the company's global headquarters, guided by the WELL (IWBI) Standards with an emphasis on biophilic design, physical and mental well-being, and sustainabilityIntegration of collaborative ‘Cobots' (robotics) into the manufacturing process, enhancing workplace efficiencyDepartment-wide adoption of Cascading Goals and Levels of Excellence principles, providing a structured approach to facilitating communication, encouraging engagement and aligning goals"We remain dedicated to advancing the industry while ensuring that everything we do reflects the company values of sustainability, efficiency, wellness and inclusivity," Gagnon said. "This holistic approach to innovation not only drives Excel forward but improves the quality of life for our employees and the communities we serve."About Excel Dryer, Inc.Excel Dryer is a family-owned and operated company that revolutionized the industry with the invention of the XLERATOR® Hand Dryer, which set a new standard for performance, reliability and customer satisfaction. For more than 50 years, Excel has been manufacturing American-made hand-drying solutions that are dependable, cost-effective, safe and sustainable. Backed by the best customer service, Excel Dryer products can be purchased through an established network of sales representatives and distributors globally. Learn more about Excel Dryer at exceldryer.com.Contact InformationSue SpiryMarket Mentorssspiry@marketmentors.com413-787-1133Related ImagesWilliam Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer, accepted the Fast Company "100 Best Workplaces for Innovators" award.SOURCE: Excel Dryer, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
SAN DIEGO, CA, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) has added Raymond Knops, Chairman of the Dutch Industry Foundation for Defence and Security (NIDV), and Thomas McSorley, General Counsel for NATO DIANA (Defence Innovation Accelerator for the North Atlantic), to a growing list of speakers and panelists on the agenda for the first-ever Blue Magic Netherlands (BMN) event being held on November 19, 2024. Other companies participating in GA-ASI's BMN event include Brainport Development, Brabant Development Agency (BOM), SPACENED, and Lockheed Martin Ventures."We're excited to launch this event in the Netherlands, which will bring together the best of Dutch industry and innovation," said Brad Lunn, Managing Director of Strategic Finance at GA-ASI. "We are already engaged with companies who have contacted us to pitch their capabilities for possible inclusion in Blue Magic and open up funding opportunities."Dutch businesses that would like to pitch their technology and capabilities at BMN 2024 are encouraged to register on the event website by no later than Oct. 28, 2024.Blue Magic Netherlands will be held in Eindhoven, a city known as a global technology hub. BMN will bring together Dutch startups, universities, government officials, aerospace leaders, and representatives from other high-tech industries, who will see technology advancements within the Dutch technology ecosystem and connect qualified partners with funding opportunities to support next-generation dual-use solutions.GA-ASI has organized several successful Blue Magic events in the past and is bringing that same concept to the Netherlands. Areas of focus for BMN 2024 will be artificial intelligence/machine learning, autonomy, advanced materials, sensors, advanced manufacturing, and space. GA-ASI delivered its MQ-9A Remotely Piloted Aircraft (RPA) to the Royal Netherlands Air Force (RNLAF) in 2021 and recently announced an increase in the total order of MQ-9As in its service to eight.About GA-ASIGeneral Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable RPA systems, radars, and electro-optic and related mission systems, including the Predator® RPA series and the Lynx® Multi-mode Radar. With more than 8 million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent situational awareness. The company also produces a variety of sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas.For more information, visit www.ga-asi.com.Avenger, Lynx, Predator, SeaGuardian, and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.Contact Information:GA-ASI Media Relationsasi-mediarelations@ga-asi.comSOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
LONDON, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Delivering a temperature-sensitive product like gelato presents a number of challenges, especially in a tropical climate, so Vilo Gelato partnered with Cloud Retail to take advantage of its quick commerce experience. Vilo Gelato's proprietary cold-delivery process coupled with Cloud Retail's quick-delivery software ensures each delivery arrives at the perfect temperature every time.Cloud RetailWith 35+ locations, Vilo Gelato has become a favourite among ice cream enthusiasts for its unique flavours and commitment to quality. Now, Vilo Gelato is poised to enhance its customer experience by providing a seamless online shopping platform."We are thrilled to be partnering with Cloud Retail to bring our gelato to a wider audience," said Vincent Kusuma, CEO of Vilo Gelato. "This collaboration allows us to offer a new level of convenience to our customers, especially as online shopping continues to grow in popularity. With Cloud Retail's robust eCommerce platform, we are confident that our customers will have an exceptional online purchasing experience."Cloud Retail is a user-friendly and reliable eCommerce platform that enables us to achieve this goal. We are confident that through this partnership, our customers will not only receive high-quality Vilo Gelato products but also enjoy an exceptional online shopping experience. This is a significant step forward in ensuring our products are easily accessible to customers wherever they are, be it in the office, home, party, school, social gathering, park, etc."We believe this collaboration is a testament to our commitment to continuous innovation and delivering the best to our customers, while also leveraging technological advancements to provide better service. Having Cloud Retail as our strategic partner, we are better equipped to meet the evolving market demands and offer a modern, secure, and enjoyable shopping experience."Paul Findel, VP of Sales at Cloud Retail, expressed enthusiasm for the partnership, "Vilo Gelato is an exciting brand in Indonesia, and we are thrilled to work with them to bring their eCommerce vision to life. Our end-to-end solution is designed to handle all aspects of online sales, from user-friendly storefronts to secure payment processing and efficient delivery logistics. Our extensive experience in the grocery space was a perfect match for Vilo Gelato as their temperature-sensitive product requires an error-free rapid delivery. We look forward to helping Vilo Gelato expand its presence in the digital space."About Vilo GelatoVilo Gelato is an aspiring Indonesian-made ice cream with flavour and taste inspiration from Indonesia and around the world. Currently, more than 75 flavours are available to bring joy and happiness to customers around Indonesia. Visit https://www.vilo.id/.About Cloud RetailCloud Retail is an all-in-one eCommerce platform combining all the services you need in one tool, eliminating the need for multiple systems, improving efficiency, and lowering operating costs. Visit www.thecloudretail.com.Contact InformationMark RicksHead of Marketingmark.ricks@thecloudretail.comSOURCE: Cloud Retail Copyright 2024 ACN Newswire via SeaPRwire.com.
NANNING, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - Electrolytic copper foil maker Londian Wason New Energy Tech Inc. ('Londian Wason'), a global leading innovation-driven researcher, developer and manufacturer of electrolytic copper foils, signed a Memorandum of Understanding ('MOU') with Asas Panorama Sdn Bhd ('APSB'), the master developer of the Malaysia-China Kuantan Industrial Park (the 'MCKIP') for the development of high-end copper foil project (the 'Project').The signing of the MOU marks Londian Wason to expand its business to the global market. Londian Wason intends to launch the Project in MCKIP to produce different types of electrolytic copper foil used in EV batteries as well as copper clad laminates ('CCL').The Malaysia-China Kuantan Industrial Park (the 'MCKIP') was established on June 15, 2012, pursuant to the bilateral investment cooperation between the Government of Malaysia and the Government of the People’s Republic of China.Driven by global market demand, especially the popularization of EV and ESS (energy storage) applications, the demand for high precision electrolytic copper foil is continuously increasing. The Project is the first initiative by the Chinese copper foil maker in its global expansion strategy.Malaysia, an important partner in the Belt and Road Initiative, boasts a robust economic and trade relationship with China and neighboring countries, offering a fertile ground for foreign investors. Bolstered by the China-ASEAN Free Trade Agreement, provides a platform for diverse policy support and opportunities. The Project’s implementation will provide valuable operational experience, accelerating Londian Wason’s international strategy to further expand into MENA, Europe and North America. This strategic move is also expected to position the company more advantageously for the burgeoning Southeast Asian EV market.Mr. Guanran Wang, CEO of Londian Wason said the decision for Londian Wason to launch the Project is for the company to maintain its leading position in the industry, and a commitment that the company will be a trusted global partner to its customers. Copyright 2024 ACN Newswire via SeaPRwire.com.
Cologne, Germany, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - Cleverbridge, the all-in-one e-commerce platform for global subscription businesses, today announced the appointment of Kevin Feagan as its Chief Revenue Officer. Feagan will report directly to Wendi Sturgis, Chief Executive Officer, and serve as a member of Cleverbridge's leadership team.Cleverbridge Chief Revenue Officer Kevin FeaganIn his new role, Feagan will oversee the go-to-market organization and be responsible for driving strategic alignment between all revenue-related functions. His extensive sales leadership experience in the payments industry from Everyware, FIS, and BluePay make Kevin the perfect fit to guide the continued success of Cleverbridge as it accelerates enterprise adoption of the merchant of record (MoR) model, which simplifies end-to-end ecommerce by consolidating payments, subscription management, sales tax compliance, and more."I'm thrilled to be joining Cleverbridge at this point in the company's history. The product, people, and clients have all impressed me immensely, but I've been particularly drawn to the leadership team. It's clear that Cleverbridge is ready for a major growth event, and I'm here to help make that happen," said Feagan. "I'm ready to take on the challenge, leverage my experience, and partner with our talented team to deliver even greater value to our clients. Together, we're going to build something amazing - and have a lot of fun doing it."Prior to joining Cleverbridge, Kevin served as the CRO at Everyware, an Austin-based company focused on ecommerce payments and card-not-present (CNP) transactions. Before that, Feagan served as Senior Vice President at FIS, a Fortune 500® leading provider of technology solutions for merchants, banks, and capital markets firms. A reflection of his significant contributions to the industry, Kevin was recognized on the Electronic Transactions Association (ETA)'s 2020 Forty Under 40 list."Kevin has a proven track record of growing payments and ecommerce companies, and his addition will enable Cleverbridge to build on existing momentum as we continue to scale merchant of record selling globally," said Sturgis. "It's clear that the industry is rapidly changing, but Cleverbridge's position has never been stronger. Technology businesses are increasingly looking for alternatives to costly, drawn-out implementations and complex multi-vendor ecommerce solutions. Cleverbridge is poised to give these businesses exactly what they're looking for, helping them to drive maximum growth with minimal effort."For more information, visit grow.cleverbridge.com or follow Cleverbridge on LinkedIn.About CleverbridgeCleverbridge is the all-in-one ecommerce platform for global subscription businesses. As a merchant of record (MoR), we consolidate the essential components of an ecommerce solution - including payments, subscription management, tax/VAT handling, and regulatory compliance - to help businesses offload operational work and automate digital transactions throughout the customer lifecycle. Since 2005, leading B2B and B2C technology companies across industries have trusted Cleverbridge to deliver frictionless buying experiences and optimize acquisition, expansion, and retention in over 240 countries and territories. Learn more at grow.cleverbridge.com.Contact InformationGordon KnappSenior Director, Marketinggordon.knapp@cleverbridge.comSOURCE: Cleverbridge Copyright 2024 ACN Newswire via SeaPRwire.com.
HONG KONG, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit Service" or the "Group"; Stock Code: 00900) is pleased to announce the launch of its new credit card design, ushering in a modern and eco-friendly update to its iconic AEON Cards* to enhance customers’ payment experience and further the Group's commitment to sustainability.The newly designed AEON Card is the first vertical card issued by the Group, which addresses the growing popularity of tap-to-pay contactless payments. This design allows customers to hold their card vertically like a mobile phone, bringing a more intuitive payment experience compared with the traditional horizontal card orientation. Moreover, this is the first UnionPay credit card in Hong Kong with a vertical orientation on both sides. Embracing a sleek, simple and modern aesthetic, the new card design features a numberless front, with all card information such as cardholder name, card number and expiry date moved to the back. It also utilizes a rPVC laser silver foil material and UV spot printing to give it a shimmering and elegant appearance. With regard to the design concept, it was inspired by the "AEON Eternal Ring" - an iconic symbol that represents the unity of AEON as a corporate group and its eternal world view of pursuing peace and respecting humanity.The new card face will be adopted by all newly issued AEON Cards starting from 30 September 2024. For existing AEON cardholders, the new credit card will only be issued when their existing card expires or a replacement card is needed. It is also worth noting that the new credit cards will use recycled Polyvinyl Chloride ("rPVC") - a plastic material employed in all issued AEON credit cards since September last year, reflecting AEON Credit Service's unwavering commitment to incorporating sustainability throughout its business operations.Mr. WEI Aiguo, Managing Director of AEON Credit Service, said, "We are excited to unveil this new vertical card face design, which marks an important milestone in our ongoing efforts to address evolving consumer preferences and payment experience. The new card design embodies AEON Credit Service's dedication to innovation and sustainability, offering our customers a more convenient and premium payment experience. Staying at the forefront of the industry and consumer trends, we will continue to enhance our product and service offerings to capture the tremendous opportunities in the growing consumer finance market."*Remark: Include AEON Card Premium Visa, AEON Card Premium Mastercard, AEON Card Premium UnionPay, AEON Visa Credit Card, AEON Mastercard Credit Card, AEON UnionPay Credit Card, AEON CARD WAKUWAKU and AEON Card JAL.AEON Credit Service launches modern and eco-friendly new vertical credit cardto intensify premium payment experienceAbout AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company’s website at www.aeon.com.hk. Copyright 2024 ACN Newswire via SeaPRwire.com.
SYDNEY, AU, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - Innovation Beverage Group Limited ("IBG" or the "Company"), a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands with a focus on premium and super premium brands, today announced the pricing of its initial public offering (the "Offering") of 1,350,000 ordinary shares, at a public offering price of $4.00 per share for total gross proceeds to the Company of $5.4 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted a 30-day option to the underwriters to purchase up to an additional 202,500 ordinary shares solely to cover over-allotments, if any.The ordinary shares are expected to begin trading on The Nasdaq Capital Market, under the symbols "IBG", on September 26, 2024. The Offering is expected to close on or about September 27, 2024, subject to satisfaction of customary closing conditions.The Benchmark Company, LLC is acting as sole book-running manager for the Offering. Sichenzia Ross Ference Carmel LLP is serving as legal counsel to the Company.A registration statement on Form F-1 (No. 333-266965) relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission (the "SEC") on September 25, 2024. The Offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, on the SEC's website, www.sec.gov, or by contacting The Benchmark Company, LLC, 150 East 58th Street, #17, New York, New York 10155, at (212) 312-6700.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Innovation Beverage Group LimitedInnovation Beverage Group Limited is a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands with a focus on premium and super premium brands. The Company owns exclusive manufacturing rights in its beverage portfolio. The Company's products are sold in both the United States and Australian markets. To learn more, go to https://www.innovationbev.com/.Safe Harbor Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "may", "could", "expects", "projects," "intends", "plans", "believes", "predicts", "anticipates", "hopes", "estimates" and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon several assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company's control. Actual results (including the anticipated benefits of the offering described herein) may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in the Company's filings with the Securities and Exchange Commission. The forward-looking statements are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements.Investor Relations Contact:TraDigital IRJohn McNamara917-658-2602John@tradigitalir.comSOURCE: Innovation Beverage Group Copyright 2024 ACN Newswire via SeaPRwire.com.
West Palm Beach, FL, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), proudly marked the successful conclusion of the European high-goal polo season, after sponsoring a series of prestigious tournaments across the continent. Throughout the summer, the sport brand had the privilege of sponsoring premier tournaments, including the Sotogrande Gold Cup, the Berlin Maifeld Polo Cup, and the French Open, each representing polo at the highest level."We are thrilled to have U.S. Polo Assn. be part of such prestigious, global events that not only promote the sport of polo but also connect with players, fans, and consumers in the European marketplace," said J. Michael Prince, President and CEO of USPA Global, the company that manages and markets the multi-billion-dollar U.S. Polo Assn. brand. "Our involvement in these international polo tournaments underscores our authentic connection to the sport and reflects our brand's commitment to global competition and community."For the first time, U.S. Polo Assn. was the Official Apparel Sponsor of Spain's premier polo tournament, the Sotogrande Gold Cup. Taking place from July 22 to August 31, this event showcased some of the world's top international players and polo ponies, which drew sold-out crowds to the Ayala Polo Club in Sotogrande. The sport-inspired brand provided staff outfitting, cap giveaways to event attendees, and prizes for the winners and runners-up of the tournament.Continuing its support across Europe, U.S. Polo Assn. sponsored the Berlin Maifeld Polo Cup from August 23 to September 1. This tournament, celebrated as the German High-Goal Championship, attracted sports fans to the Prussian Polo & Country Club - Berlin, where the sport-inspired brand was the Official Apparel Sponsor. This partnership provided competing teams with custom performance jerseys, caps, and hoodies, alongside umpire outfitting and cap giveaways during the sport's iconic halftime divot stomp.The European season concluded with the French Open for men and women, held at the iconic Polo Club du Domaine de Chantilly in France from September 4 to September 22. This prestigious competition, set in one of the most picturesque polo venues worldwide, offered a fitting finale to the European season, featuring high-level play and sportsmanship from athletes and their equestrian partners. As the Official Apparel and Jersey Sponsor, U.S. Polo Assn. provided players with custom performance jerseys and outfitting for staff, all featuring the brand's iconic double-horsemen logo."Engaging consumers through authentic experiences like sponsoring these prestigious polo tournaments allows us to celebrate the sport while showcasing the genuine spirit of U.S. Polo Assn. across Western Europe," said Lorenzo Nencini, CEO of Incom, S.p.A., U.S. Polo Assn.'s strategic apparel partner in Western Europe. "Connecting with consumers in this way has been pivotal in expanding our brand presence and resonating with the European market."About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the governing body for the sport of polo in the United States and one of the country's oldest sports governing bodies, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. A recent, multi-year deal with ESPN to broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., has made the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized around the world with awards for global growth, expansion, licensing, and digital growth. Due to its tremendous success as a global brand, particularly in the last five years, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and uspashop.com, and follow @uspoloassn.USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.Contact InformationStacey KovalskyVP Global PR and Communicationsskovalsky@uspagl.com+001.561.790.8036Shannon StilsonVP, Sports Marketing & Mediasstilson@uspagl.com+001.561.227.6994SOURCE: USPA Global Licensing Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
DUBAI, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - As digital transformation accelerates across the Middle East, companies are increasingly prioritising investments in AI and automation technologies to enhance their digital customer experiences. According to the 'Digital Experience Intelligence Report 2024,' released at the Digital Experience Show Middle East 2024 in Dubai, 41% of companies in the region are actively re-evaluating their AI platforms, recognising the rising role of artificial intelligence in delivering personalised and real-time customer interactions.The report also highlighted 28% of enterprises are revisiting their digital experience platforms to stay competitive in a rapidly evolving digital landscape, with 22% poised to implement chatbot and automation solutions to streamline customer service processes.The intelligence report also identified the key challenges organisations in the Middle East are grappling with as they navigate their digital transformation journeys. Achieving a clear return on investment (ROI) from digital transformation remains a top concern for 48% of companies, followed closely by the need for data-driven decision-making, which was cited by 47% of respondents. To address these challenges, businesses are upgrading their digital technology stacks with a focus on improving customer touchpoints and interactions. The report revealed that 48% of companies are investing in omnichannel engagement solutions to ensure consistent, frictionless customer experiences across all platforms. In parallel, 52% are prioritising customer analytics and personas to gain deeper insights into consumer behaviour.Ayusha Tyagi, Managing Director of Customer Experience Live, noted, "Companies across the region are at a critical juncture where they need to balance rapid technological adoption with meaningful outcomes. The emphasis on AI, data analytics, and omnichannel engagement, as underscored by the Digital Experience Intelligence Report, demonstrates that organisations are focused on creating experiences that are not only innovative but also deliver tangible business results."The Digital Experience Show 2024, and the co-located, Operational Excellence Show 2024, provided a key platform for businesses across the Middle East to explore cutting-edge solutions that are shaping the future of digital engagement and operational efficiencies. The conferences were supported by major sponsors including Optimizely, SAP LeanIX, Comarch, Emplifi, Acquia, Axelerant, and Ankura. Strategic partners included the International Customer Experience Institute and Customer Institute with BNC as the Project Intelligence Partner. Media partners included Customer Data Platform Institute, ACN Newswire via SeaPRwire.com, Siliconindia, StartupNews.fyi, CIOReview, Oman Oil and Gas, World Oils, OnestopNDT, and Energy Business. Industry leaders from prominent organisations such as Adnoc Distribution, Aramex, Aster DM Healthcare, Landmark Group, Talabat, and Bank al Etihad shared valuable insights on how to navigate the complexities of digital transformation, with a focus on leveraging AI, automation, and omnichannel strategies to enhance customer experiences.The conference also hosted the prestigious Digital Experience Awards, recognising leading organisations that have demonstrated excellence in digital innovation and customer experience transformation. Notable winners included the Ministry of Investment, Bupa Arabia, Riyadh Airports Company, and Dubai National Insurance, all of whom have made significant strides in enhancing customer engagement through technology.For more information on the 'Digital Experience Intelligence Report 2024,' please visit www.customer-experience.live.About Customer Experience LiveCustomer Experience Live is a leading digital customer experience insights and research powerhouse in the EMEA region. Committed to driving growth within organisations through rigorous research and insightful activations, the company plays a pivotal role in facilitating successful business ventures and fostering innovation in customer experience solutions. With a focus on understanding end-user needs and market dynamics, Customer Experience Live empowers top-level executives and solution providers to navigate the ever-changing landscape of customer experience.For more information, please contactRiji Raju, Customer Experience LiveEmail: riji.raju@customer-experience.live Copyright 2024 ACN Newswire via SeaPRwire.com.
