– Entering the BRI’s next golden decade Introducing a new Green Chapter to explore sustainable development – The 9th Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC, will return on 11 and 12 September (Wednesday to Thursday) – This year marks the 75th anniversary of the founding of the People’s Republic of China. As part of celebration activities, the Summit is themed Building a Connected, Innovative and Green Belt and Road. It will gather over 80 key officials and business leaders from Belt and Road countries and regions to explore cooperation opportunities – A brand-new Green Chapter is added…
Author: Marie Jones
– Steady Performance Amid Evolving Market Dynamics Nissin Foods Company Limited (Nissin Foods or the Company, together with its subsidiaries, the Group; HKG: 1475) has announced its interim results today for the year ended 30 June 2024. The Group recorded revenue at HK$1,822.5 million. Gross profit was HK$637.5 million, with gross profit margin increased by 0.9 percentage points to 35.0% in 2024 from 34.1% in 2023. The increase in gross profit margin was mainly attributable to the easing of key raw material costs. Profit attributable to owners of the Company recorded HK$169.5 million, representing the net profit margin from 8.9% to…
– Operating Results and Value Creation Improved in Stability – and the Foundation for High-Quality Development Continued to be Consolidated 2024 Interim Results Highlights: – GWPs increased by 12.8% YoY to RMB76.46 billion; – Insurance revenue increased by 4.4% to RMB31.49 billion; – Net profit attributable to equity owners of the parent increased by 8.6% to RMB3.14 billion; – Embedded value was RMB112.64 billion, up 8.2% from the end of last year on a comparable basis; – The annualised comprehensive investment yield was 7.2% and the annualised total investment yield was 3.6%; – As of the end of June 2024,…
As India rises as a leading hub for technological innovation, the 12th Global Edition of the World CX Summit and Awards, hosted by Trescon, will examine the evolving customer experience (CX) landscape. Scheduled for 19 September at JW Marriott Hotel, UB city, Bengaluru, this summit will gather over 200+ top-notch CX Leaders & Marketing enthusiasts will be sharing actionable insights and discuss successful use cases that are shaping the future of CX. In light of the recent technological disruptions, including a significant outage that impacted millions of users, and the challenges faced across different industrial verticals, the importance of resilience, effective…
IBA of San Marino, (https://www.iba.sm) an innovation leader in custodial agency and proof of transit technologies for commodities and a subsidiary of Spectral Capital Corporation (OTCQB:FCCN), today announced a strategic licensing agreement with crwdunit, Inc., a wholly owned subsidiary of CrowdPoint Technologies, Inc. This partnership aims to transform IBA’s approach by creating a quantum bridge from Distributed Ledger Technology (DLT) to traditional commodity custodianship using crwdunit’s cutting-edge quantization technology on a decentralized cloud infrastructure. Revolutionizing Asset Management with Quantum Technology IBA will utilize crwdunit’s precise asset valuation technology to enhance its operations, offering unprecedented accuracy and scalability in commodity asset management through the…
Well-Positioned for Growth with Building Management Systems and Solar Thermal Systems Solutions Solar District Cooling Group Berhad (“SDCG”) is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services. Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd. Mr. Chew Sing Guan, Managing Director, Mercury Securities…
– and Continuing Training to Keep Up The Hong Kong Institute of Directors (HKIoD) welcomes(1) The Hong Kong Exchanges and Clearing Limited (the Exchange)’s proposal to mandate directorship training for first-time directors and require all directors to undergo continuing professional development (CPD) training. To further uphold corporate governance standards and director professionalism, HKIoD thinks the Exchange can go further. Dr Christopher To, Chairman of HKIoD, said, “HKIoD welcomes the Exchange’s latest regular exercise to review and update the Corporate Governance Code and related Listing Rules. Although we do not agree with every element of the Exchange’s proposals, we certainly support…
TRST01 is the first company to enter a Memorandum of Understanding with a government entity for a one-stop compliance solution, paving the future for public-private partnerships to set standards for traceability and transparency in sustainability impacts. TRST01, a sustainable tech company that helps businesses meet global sustainability rules while making their supply chains more transparent, trustworthy, and ethical, announces a groundbreaking Memorandum of Understanding (MoU) agreement with the Rubber Board of India to develop and implement a centralised compliance solution for the European Union Deforestation Regulation (EUDR). Through this strategic partnership, TRST01 becomes the first private entity in the world…
With a new office in Adelaide and four major Australian projects already underway, Cisgenics introduced its next-generation irrigation technology to the Australian market at the Irrigation Conference Exhibition. Cisgenics, a pioneer of world-class sustainable irrigation solutions, has entered the Australian market, introducing their next-generation irrigation solutions which hold the potential to shape the future of water management in Australia. The company is opening its first office in Adelaide and undertaken a number of significant projects including a world-class sporting venue and various projects for the City of West Torrens in South Australia. These projects address urban green space management and water optimisation to maintain…
The flagship installment of 2024’s Transformation Agenda series will be programmed by Economist Impact and hosted by Bahrain Economic Development Board with the support of the Central Bank of Bahrain & Bahrain FinTech Bay Bahrain is gearing up for its second edition of Fintech Forward, which will be programmed by Economist Impact, hosted by Bahrain Economic Development Board (Bahrain EDB) and supported by the Central Bank of Bahrain (CBB) and Bahrain FinTech Bay (BFB). The flagship installment of 2024’s Transformation Agenda series will take place on October 2nd and October 3rd, 2024, at Exhibition World Bahrain. Featuring a series of panel…
Black Spade Acquisition II Co (the Company), a special purpose acquisition company (SPAC) sponsored by an affiliate of Black Spade Capital Limited, announced today the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “BSIIU” on August 28, 2024. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share,…
– while the Growth of the Group May Exceeds 30% After PSS Consolidation On August 22, AAC Technologies (HKG: 2018) held its 2024 interim results presentation in Hong Kong, delivering remarkably impressive performance. According to the Interim Report, in the first half of 2024, AAC Technologies achieved a revenue of RMB 11.25 billion, hitting a new high since its listing, with a year-on-year revenue growth of 22.0% and a gross profit margin of 21.5%, up by 7.4 percentage points year-on-year. The net profit amounted to RMB 537 million, representing a significant increase of 257.3% year-on-year. Notably, PSS, which was announced…
Company Achieves Second Consecutive Profitable Quarter in FY2024, Driven by Strong Orders MClean Technologies Berhad (“MClean Technologies” or the “Company”), an established provider of precision cleaning and surface treatment solutions, is pleased to announce its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”). The Company has recorded its second consecutive profitable quarter in the financial year ending 31 December 2024 (“FY2024”), marking a significant turnaround in its financial performance. Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of MClean Technologies BerhadFor Q2 FY2024, MClean Technologies reported revenue of RM15.5 million, a 30% increase…
– Transition to New Energy Fuels High-Quality Development and Expands Global Growth Opportunities On August 22, Wuling Motors (0305.HK) released its 2024 interim results. For the first half of the year, Wuling Motors reported total revenue of RMB 3.946 billion, with a gross profit margin of 10.8%, up about 270 basis points from 8.1% in the same period of 2023. The profit for the period was RMB 21.125 million, representing a 72.3% year-on-year increase. Despite intensified market competition and pressures from industry transformation, the automobile sector showed an overall upward trend in the first half of the year. From January…
– Resilient operations with advancing intelligence to enhance operational efficiency VCREDIT Holdings Limited (VCREDIT or the Group; HKG: 2003), a leading independent online consumer finance provider in China, announced its unaudited interim results for the 6 months ended 30 June 2024 (the Period). In the first half of 2024, faced with a continuously sluggish macroeconomic condition and weakened consumption and credit demand, the Group promptly adjusted its operating strategies by tightening risk control to mitigate borrower credit risk and asset quality depreciation, while also implemented cost control measures to improve operational efficiency. Loan origination volume in the Period recorded RMB…
Verofax Limited, a Web3 services company, today announced closing a $3M bridge round led by international investors Plug & Play Tech Center, Navig8 Group, King Abdullah University for Science and Technology, Trove Capital UK follow-on investment, Jawa Brothers Advisory, with Alzamil Pedco CVC and Tracecore CVC completing the list of investors. Verofax applies patented Web3 technologies such as Blockchain, Augmented Reality and Artificial Intelligence to provide ‘Elevated tourist, shopper and brand marketing experiences’, enabling destinations, retailers and sports stadiums to turn their experiences interactive and drive conversion and social virality. Brands can reach customers directly, thereby increasing consumer intimacy with…
Award-winning online restaurant reservation platform Eatigo, collaborates with CleverTap – the all-in-one engagement platform, to enhance customer engagement and boost reservations. Through CleverTap’s AI-powered recommendations engine, Eatigo was able to offer its users relevant and timely recommendations with precision, ensuring higher conversions. The platform’s orchestration and analytics capabilities enabled Eatigo to coordinate complex, multi-channel marketing campaigns at scale and track the performance of its campaigns. Set up in 2013 with a mission to “connect empty tables with empty stomachs”, Eatigo is a leading online reservation platform. The brand has expanded rapidly, seating over 6 million diners, and accumulated over 6000 restaurants…
New Hope Service Holdings Limited (New Hope Service or the Company, SEHK stock code: 3658.HK) announces its interim results for the six months ended 30 June 2024 (In the First Half of 2024or the Period). During the Period, the Company recorded revenue of RMB709.0 million, representing a year-on-year increase of 18.2%; Gross profit was RMB232.3 million, representing an increase of 2.7% compared to the corresponding period of 2023, and the gross profit margin was 32.8%. The profit attributable to the equity shareholders of the Company for the Reporting Period was RMB118.1 million, representing an increase of 7.9% compared to the corresponding…
– Optimization in 1H24, with GPM Improving to 32.6% and EBITDA Rising 12.2% YoY On August 26, 2024, Tingyi (Cayman Islands) Holding Corp. (HKG: 0322, the Company, together with its subsidiaries, the Group) is pleased to announce its interim results for the six months ended 30 June 2024. In the first half of 2024, the Group proactively embraced opportunities and challenges, adhering to a long-term approach and strengthening the development and innovation of its core business. As a results, the Group achieved high-quality growth and optimization of its revenue structure, with major financial indicators showing robust improvement. For the six…
TOKYO, Aug 27, 2024 – (JCN Newswire) – TRENDE Inc., a renewable energy company that develops and provides renewable energy solutions to residential customers in Japan, today announced that it has been selected for Ehime Prefecture’s “Digital Implementation Acceleration Project” under the Try Angle Ehime Initiative. TRENDE will collaborate with Toshiba Infrastructure Systems & Solutions Corporation (TISS) on a project to promote local production and consumption of renewable energy using V2X systems and P2P energy trading. V2X (Vehicle-to-Everything) is a communication technology that connects vehicles to various devices and enables mutual collaboration. In this project, TISS will utilize V2X systems to…