Daiwa Securities, in its recently published research report, has upgraded the rating for the parent company of Precision Tsugami (China) Corporation Limited (Precision Tsugami or the Company, HKG:1651), which is the largest foreign-owned CNC high-precision machine tool manufacturer in the PRC . The “Outperform” rating was given to the firm as Daiwa Securities was particularly optimistic about Precision Tsugami’s strong business foundation in the PRC, and the higher-than-expected number of orders received in July. In the report, Daiwa Securities noted that Precision Tsugami brought a new plant on stream in Anhui Province, the PRC, in March 2021, thus increasing total…
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Creative China Holdings Limited (Creative China or the Group; HKG:8368) announced today that the Group and Truth Pictures (Hong Kong) Limited (Truth Pictures) have signed a cooperation framework agreement (the Cooperation Framework Agreement) committing to cooperating on the distribution, broadcasting and marketing promotion planning of foreign movies in Mainland China. The Cooperation Framework Agreement sets out the basic principle for subsequent cooperation valid for five years then renewable for one year automatically and indefinitely if at expiry no party disagrees. At the same time, the Group has also signed a non-legally binding Memorandum of Understanding (“MOU”) on subsequent cooperation (the…
TOKYO, Sept 6, 2021 – (JCN Newswire) – Showa Denko K.K. (the “Company”) hereby announces the issue price, selling price and certain other matters relating to the issuance of its new shares and the secondary offering of shares which its board of directors resolved on August 23, 2021, as set forth below. 1. Issuance of new shares by way of public offering (1) Class and number of shares to be offered: 32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below: (i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in…
Shareandstocks.com, a digital stock market news outlet, launches premium aggregate finance news from major sources. They have a team of professionals in the field who are experts at collecting information and articles from various sources around the world. The company is made up of a team of Individuals with a wide-ranging and in-depth understanding of the stock market events in US, Hong Kong, Singapore, China, Malaysia as well as other countries around the world. They are equipped with proving clients with the best possible experience, thanks to their incredible manpower, supported by cutting-edge computer systems. The company’s main aim is…
Muse Finance, the strategic DeFi partner of industry-leading staking provider Moonstake, announces it has welcomed Harpreet Singh Maan, the CEO and Founder of Blocklime, as its strategic advisor. The addition of a key advisor will serve to strengthen the development and leadership of the Muse project and thus, the growth of Muse and Moonstake as the two projects work together to penetrate the DeFi market. Having started with blockchain development at the age of 19, Harpreet gained diverse experience in software development, information technology, blockchain, and distributed ledger technology (DLT) development. Along his journey, Harpreet gained a position in the…
CEKD BERHAD (“CEKD” or the “Group”), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories enroute to a listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities), is pleased to announce the launch of the Group’s prospectus for the initial public offering (IPO). The Group aims to raise RM24.28 million from its upcoming listing. The IPO involves the public issue of 50.59 million new shares at the issue price of RM0.48 sen per share, to be made available for application in the following manner: Public issue: -…
Adults living with schizophrenia will have access to a new treatment option with Reagila(R) (cariprazine) now reimbursed on the Pharmaceutical Benefits Scheme from 1 September, 2021.1 There continues to be a significant, unmet need in treating schizophrenia. With a complex range of symptoms,2 treatment is not a “one size fits all”.3 This listing will give adults living with schizophrenia, another affordable, mental illness treatment. Affecting approximately 90,000 Australians,4 schizophrenia is considered our nation’s most disabling, and heavily stigmatised mental illness,5 with the average life expectancy of those with the illness, 12.5 to 16.5 years below that of the general population…
Binance and APENFT will cohost the ApeAvatar Charity Mystery Box event opening on September 6. Centered around charity, the 60-day event incorporates NFT celebrity avatars and mystery boxes of designer toys to unleash greater potential for the NFT ecosystem. This marks another collaboration between the two after the Genesis NFT auction in June. It is understood that the “ApeAvatar” event comprises two major sections – charity avatar claiming and the sale of select mystery boxes. APENFT will create well-designed cyberpunk-style NFT avatars of 50 global influential people, including Justin Sun (founder of TRON) and Changpeng Zhao (founder and CEO of…
Government and business leaders foster trade and investment The sixth Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), drew to a successful close yesterday (2 September). In response to the COVID-19 pandemic, this year’s summit was changed to an online event. The virtual platform helped to overcome geographical boundaries, with more than 17,000 viewers from about 80 countries and regions attending the summit. Under the theme “Driving Growth through Fostering Regional and International Trade”, the two-day summit featured more than 80 government and…
JAKARTA & TOKYO, Sept 3, 2021 – (JCN Newswire) – PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia (JCB), as subsidiaries of JCB International Co Ltd., launched the CIMB Niaga JCB Contactless Credit Card in Jakarta, Friday, 3 September 2021. This credit card with contactless technology was developed in line with the rapid growth of credit card technology and the COVID-19 pandemic situation. The Contactless Credit Card can make it easier for customers to transact as well as become an alternative faster payment solution. Supported by dual liaison capabilities, this credit card can still be used for transactions using the…
Pillar Assets Continuously reinforced Competitiveness, Funds Demonstrated Outstanding Results According to South China Morning Post, in the first half of 2021, the uncertainty of the COVID-19 threatened the global economic recovery, while China benefited from the good control of the epidemic situation, the economy continued to recover steadily, production and market demand continued to increase, many enterprises emerged from the impact of the epidemic and announced excellent interim results. Legend Holdings Corporation (HKG:3396) is one of them that has attracted market attention. Legend Holdings announced interim results of the Company and its subsidiaries on August 31, it has made an…
The Asia-Pacific Housing Forum’s Innovation Awards recognize and celebrate innovators and disruptors in the affordable housing sector. Startup and scaleup companies, policymakers and advocates, architects and engineers are invited to submit sustainable and practical solutions for affordable housing. “The Asia-Pacific region faces complex housing challenges, compounded by rapid urbanization, natural and human-made disasters, the negative effects of climate change, and persistent poverty and inequality,” said Luis Noda, Asia-Pacific vice president of Habitat for Humanity. “We need everyone working together and every possible creative solution that is locally adapted to address the housing deficit.” “The recognition allowed us to expand our…
Mobility payment solutions disruptor Bussr has forecast sales of $1 billion in 2022 Bussr offers a mobility payment solutions platform for businesses and users, powering payments infrastructure for the mobility market using the latest booking and ticketing innovations. More than 800 businesses have already signed on to use Bussr’s platform, 100 of which, amounting to US$150 million in annual sales, will go live in 2021. Bussr is also in the advanced discussion stage with the Indonesian Government to digitize the metro transit ecosystem, with an expected 10 million daily users. Bussr’s innovative offerings extend to disrupting the last-mile logistics space;…
W.Media will be hosting our final round of regional technology summits across Asia Pacific in tandem with the 2021 W.Media Cloud & Datacenter Awards. Join globally-recognised experts and industry professionals in celebrating their outstanding technological achievements over the past year. Attendees will get to network with hundreds of industry peers online, as well as be part of an array of keynote presentations, panel discussions, and LIVE Q&A sessions. W.Media will be joined by speakers from Huawei, PwC, Panasonic, ST Telemedia Global Data Centers, and many more to share their insights on the latest market trends, challenges, and opportunities in Southeast…
The Executive Centre (TEC) and Standard Chartered Bank found that successful strategies for implementing flexible work practices boiled down to physical, digital and social transformation The office of the future must be an inspiring physical space that facilitates communication, cooperation and collaboration in order to encourage employees to come into the office, according to the latest case study by The Executive Centre (TEC), the leading premium flexible workspace and Standard Chartered Bank. Modern technology and globalised communication systems have allowed us to become a more agile and mobile workforce, and these trends have accelerated with the COVID-19 pandemic. The workforce…
Institutions from China and abroad, including Citi, CLSA, Daiwa, China Securities, Zhongtai International and Guosheng Securities, have maintained Buy rating for Yeahka (09923.HK), underscoring their confidence with the prospects of the company’s technology-enable business services. Yeahka, which has payment as its other major business, has achieved rapid growth in the first half of 2021, according to its interim results announced on Aug 26. Citi views Yeahka’s strategy stable fee rate and revenue sharing trend to boost merchants base “as largely in line with overall industry outlook”, and believes “that continued investment to acquire traffic and investment in business (such as…
The Executive Centre (TEC) found that successful strategies for implementing flexible work practices boiled down to physical, digital and social transformation The office of the future must be an inspiring physical space that facilitates communication, cooperation and collaboration in order to encourage employees to come into the office, according to the latest case study by The Executive Centre (TEC), the leading premium flexible workspace. Modern technology and globalised communication systems have allowed us to become a more agile and mobile workforce, and these trends have accelerated with the COVID-19 pandemic. The workforce culture today is increasingly championing flexible working practices…
Satisfactory Results in Product Sales Volume Revenue and Gross Profit from Continuing Operations Increased by 48.7% and 48.5% Respectively Shougang Concord Century Holdings Limited (Shougang Century, together with its subsidiaries, the Group; HKG:103) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 (the Reporting Period). During the Reporting Period, the Group recorded revenue from continuing operations of approximately HK$1,283,336,000 (2020: HK$862,997,000), representing an increase of approximately 48.7% as compared with the last corresponding period, primarily attributable to the material increase in sales volume of steel cords. Gross profit from continuing…
Infocus International Group has launched the Electricity Economics in Changing Electricity Markets online course and it will be commencing live on 15 November 2021. Throughout the four sessions, you will understand the new economics of power markets in a low-carbon world. This is an essential course for those generating and trading electricity and for those responsible for policy within the power industry. It leads participants through a clear, accessible and thorough examination of the economics of power generation, from power plant cost influences to end-customer prices. It contextualises this analysis with key consideration of industry drivers and trends, including increasingly…
Xfers, a Southeast Asia based payments leader holding a Major Payment Institution (MPI) license for e-money issuance, together with its partner, SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that they have been named among the 15 finalists for the Global Central Bank Digital Currency (CBDC) Challenge organised by the Monetary Authority of Singapore (MAS). Launched by the Monetary Authority of Singapore and in partnership with the International Monetary Fund, World Bank, Asian Development Bank, United Nations Capital Development Fund, United Nations High Commission for Refugees, United…