Author: Marie Jones

Expanding Asset Management Business while Increasing Presence in the Virtual Assets Market Value Convergence Holdings Limited (VC Holdings, together with its subsidiaries, the Group; HKG: 0821), a well-established and one-stop financial services institution in Hong Kong, is pleased to announce its annual results for the year ended 31 December 2022 ( the Year). During the Year, the Group sought to expand its asset management business to enhance its core competence in the industry, and launched virtual asset sales and marketing business to diversify its business development. During the Year, the world economy was perilously close to recession overshadowed by the…

Alltronics Holdings Limited (Alltronics or the Group) (HKG: 833), a leading electronic products manufacturer and provider of energy-saving business solutions, today announced its annual results for the year ended 31 December 2022 (the year 2022 or review year). During the year 2022, profit for the year attributable to owners of the Company increased to HK$112.1 million from HK$69.3 million in the year 2021, as total gross profit for the year increased by HK$68.4 million to HK$328.6 million. The overall gross profit margin increased to 19.0% for the year 2022 (2021: 15.7%), primarily due to the Group’s continued effort to tighten…

ESPRIT Develops Strategic Initiatives To Capture Key Opportunities For Its Growth ESPRIT HOLDINGS LIMITED (the Company, together with its subsidiaries, ESPRIT or the Group; HKG: 0030) has announced its audited financial annual results for the year ended 31 December 2022 (the Year). The Company has faced an unfavourable economic environment this year, particularly in Germany. Exacerbated by the Russia-Ukraine conflict and an overreliance on natural gas from Russia, energy prices soared and triggered a large inflationary spike. This led to an increase in interest rates and currency volatility that has affected consumer spending behaviour. In order to address these challenges,…

Apollomics’ Class A ordinary shares and public warrants are expected to begin trading today on the Nasdaq Capital Market under the ticker symbols ‘APLM’ and ‘APLMW’ Apollomics Inc. (Apollomics or the Company), a clinical-stage biopharmaceutical company developing multiple oncology drug candidates to address difficult-to-treat and treatment-resistant cancers, today announced the completion of its business combination (the Business Combination) with Maxpro Capital Acquisition Corp. (Maxpro, Nasdaq: JMAC). Apollomics’ Class A ordinary shares and public warrants are expected to commence trading today, March 30, 2023, on the Nasdaq Capital Market (Nasdaq) under the symbols APLM and APLMW, respectively. The Business Combination, which…

Baguio Green Group Limited (Baguio or the Group, HKG: 1397) is pleased to announce its annual results for the year ended 31 December 2022 (the Year). During the Year, the Group’s revenue was approximately HK$1.79 billion, representing an increase of approximately 40.8% as compared with the preceding year. The Group’s profit attributable to equity shareholders of the Company was approximately HK$53.7 million, representing a surge of approximately 3.2 times as compared with the preceding year. The Board recommends the payment of a final dividend for the Year at HK$3.8 cents per share. Business Overview and Prospects In 2022, new contracts…

Final Dividend of HK11 Cents Vietnam Plant to Commence Operation in 2H 2023 Continues to Promote Online Product Customisation Platform QPMN Q P Group Holdings Limited (Q P Group or the Group; HKG: 1412), one of the leading manufacturers of paper-based tabletop games and greeting cards in the People’s Republic of China (the PRC), today announced its annual results for the year ended 31 December 2022 (FY2022 or the Reporting Period). In FY2022, the Group recorded a net profit of approximately HK$126.8 million, representing an approximately 6.5% year-on-year increase, benefiting from the improvement in gross profit margin as a result…

Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or “PDM”) is pleased to announce that it has entered into a subscription agreement for a C$4,252,050 non-brokered private placement financing (the “Private Placement”) with a wholly owned subsidiary of Glencore plc (“Glencore”). Pursuant to the Private Placement, PDM will issue 28,347,000 common shares (“Common Shares”) at C$0.15 per Common Share. Upon completion of the Private Placement, Glencore will own approximately 9.99% of the issued and outstanding Common Shares on a non-diluted basis. “We welcome Glencore as a shareholder and are pleased that our efforts to build a portfolio…

2022 was a challenging year for the game industry. Due to the pandemic and gaming regulations, the gaming industry experienced a reduction in both revenue and user scale. In the context of pervasive uncertainties and low expectations, the market has focused on gaming company plans and financial reports. According to the latest financial report published by CMGE Technology Group Ltd (0302.HK), operating revenue in 2022 was RMB 2,714 million, a year-on-year decrease of 31.4%, with a net loss of RMB 217 million. However, on the day after the financial report was released, CMGE’s share price jumped and closed with a…

Australia’s largest festival, Vivid Sydney, today announced that it will add a first-ever activation of the Wynyard railway tunnels to the festival’s upcoming program with the world premiere of Dark Spectrum. Three years in the making and tipped as an underground spectacular of what lies beneath, Dark Spectrum will fuse a dynamic musical soundtrack with the latest in laser, robotics, lighting and visual technology to transform the disused Wynyard Station train tunnels in a truly one-of-a-kind experience in a venue that has never been open to the public. Creating an immersive multi-media environment, Dark Spectrum will deliver a heightened visual…

On March 28, CIMC Group (000039.SZ/02039.HK), a world-leading supplier of logistics and energy equipment, announced its audited results for the year ended December 31, 2022 ( FY2022). 1. FY2022 Key Highlights Total revenue was RMB141.5 billion, maintaining above RMB 100 billion level. Net profit attributable to shareholders and other equity holders of the Company after deducting non-recurring profit or loss was RMB 4.28 billion, the second-highest performance in history Total revenue was RMB141.5 billion, a decrease of 13.54% YoY; The share of domestic income rose steadily to 51.5 percent. The gross profit was RMB21.6 billion and the gross profit margin…

After a year of ups and downs, can Fosun spark a new round of growth by continuing its strategy of “streamlining the organization and focusing on core businesses”? Fosun International released its 2022 annual results on 29 March, revealing some clear signals. Fosun International reported both growth and declines in its annual results announcement. The total revenue for the year was RMB175.39 billion, representing a year-on-year increase of 8.7%; the net profit attributable to owners of the parent was RMB0.54 billion as compared to RMB10.08 billion in the same period of 2021. The sharp decline in net profit attributable to…

Revenues increase by 20.2%, Net Profit jumps 48% YoY Genertec Universal Medical Group Company Limited (Universal Medical or Company; HKG: 2666) is pleased to announce annual results for the year ended 31 December 2022. In 2022, Universal Medical adhered to the “Healthy China” strategy and continued to expand its footprint in the healthcare sector. The continuous improvement in the core capacity of the hospital group, the gradual perfection of and breakthroughs in the footprint expansion of the specialty business and the health conglomerate’s units, and the smooth and stable development of the finance business all contributed to the realization of…

ISTARI, a Temasek-founded global cybersecurity firm dedicated to helping clients build cyber resilience, and Saïd Business School at the University of Oxford today revealed the findings of their joint CEO Report on Cyber Resilience. The report applies a top-management lens to cybersecurity risks and underscores the critical role CEOs play in building cyber resilience. It shares insights from thirty-seven, one-hour-long face-to-face interviews with American, Asian and European CEOs whose businesses’ average annual revenue is $12 billion, employing an average of 40,000 employees. One-third of the interviewees are from Asia. Nine of the CEOs interviewed had guided their company through a serious…

Elektros (OTC PINK:ELEK), an emerging leader in the electric mobility industry, announces the launch of its new clean energy technology brand, Elektros Energy. Elektros Energy brand will better reflect its focus on such areas as Lithium mining, EV charging, solar energy, and innovative solutions to help accelerate the world’s transition to a cleaner and more sustainable energy future. Lithium mining is a critical component of the clean energy industry, as it is a key material used in the production of batteries for electric vehicles and renewable energy storage. Elektros Energy is committed to responsibly sourcing Lithium, ensuring that it is…

Tresorfx, a leading global investment firm, is excited to announce the launch of its new and revolutionary automated copy trading service for investors. This new service aims to help retail investors automatically copy the Tresorfx master account with their favorite brokerages and achieve similar results as the Tresorfx Exclusive Premium Account. Copy trading is a type of social trading that allows investors to automatically copy the trades of professional traders. Tresorfx’s new automated copy trading service takes this concept to the next level, offering a comprehensive platform that’s easy to use, reliable, and designed to help investors achieve their financial…

Company appealing to Prime Minister to seek redress on issue as payments owed totalling RM49.8 million by Melaka government jeopardises upkeep of UNIMEL campus accommodation Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, which has been classified as an affected listed issuer pursuant to Para 2.1(f) of Practice Note 17 (PN17) of the listing requirements of the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities), is pressuring the Melaka government for not taking action to address payments owed the Company from the Universiti Melaka (UNIMEL) project resulting in the default of an…

TOKYO & HA NOI, Mar 29, 2023 – (JCN Newswire) – JCB International Co., Ltd., (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the launch of the Vietcombank JCB Platinum Credit Card. The new Vietcombank JCB Platinum card is launched to celebrate Vietcombank’s 60th anniversary. The cardholders have access the JCB acceptance network of approximately 41 million merchants around the world. From the launch date, Vietcombank implements many promotion programs and benefits for cardholders to meet the needs of this special target segment. The cardholders could…

NeutraDC, a brand of PT Telkom Data Ekosistem (TDE), has entered a Memorandum of Understanding (MOU) with China Mobile International (CMI), a subsidiary of China Mobile, one of the largest telecommunications companies in the world. According to the terms of the MOU, NeutraDC and CMI will work together to develop strategic solutions that meet the specific needs of Chinese companies in the Indonesian market. They will do this by utilizing their combined expertise and data center and network capabilities. Both companies will also explore opportunities for data center development and expansion in the region. “This partnership is an important step…

Society Pass Inc (Nasdaq: SOPA), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces the official launch of its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Vietnamese market. Founded in 2010, TMG pioneered the use of multi-channel network for content creators in the Asian market. After being acquired by SOPA in July 2022, TMG has transformed into a multi-platform integrated advertising platform connecting content creators and brands. With headquarters in Bangkok, Thailand, TMG has expanded its ecosystem of integrated advertising services to include Vietnam and Indonesia. Through a network of talented creators across multiple…

The creators of a brand new cross-chain decentralized borrowing and lending protocol announce the release of their Mainnet v1. The launch marks the first step in their journey to be the go-to borrowing and lending platform for NFTs. Initially, the protocol will offer wBTC, ETH, and USDT, however, engineers are currently working on integrating NFTs into the next iteration of the protocol. The unique approach Paribus takes toward these more exotic assets is to leverage artificial intelligence (AI) and machine learning (ML) systems to assess an accurate value for every supported NFT collection. Paribus key facts: – Initially launching on…