SINGAPORE, Nov 6, 2019 – (ACN Newswire) – ARA US Hospitality Trust (“ARA H-Trust”) is pleased to announce that it has today entered into a conditional purchase and sales agreement to acquire a portfolio of three Marriott-branded upscale select-service hotels in the United States for US$84.5 million. The three freehold properties are located within the markets of Raleigh, North Carolina and San Antonio, Texas, that benefit from diversified demand from nearby corporations, universities and leisure attractions. The accretive acquisition at a net property income yield of 8.0% is expected to increase ARA H-Trust’s pro forma distribution income from the listing date on 9 May…
Author: Marie Jones
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HONG KONG, Nov 6, 2019 – (ACN Newswire) – Moody’s Investors Service has assigned a first-time B2 corporate family rating (CFR) to Redsun Properties Group Limited, a leading integrated property developer in China, (“Redsun Properties” or “Group”; stock code: 1996) with positive outlook. The positive outlook reflects Moody’s expectation that Redsun Properties will (1) continue its strong contracted sales growth; (2) strengthen its credit metrics over the next 12-18 months; and (3) improve its access to both offshore and onshore funding channels. The Group has generated strong contracted sales growth over the past two years, with 40% year-on-year gross contracted sales growth to RMB43.8…
Swingvy, one of Asia’s fastest-growing HR tech platforms, today announced that it will host its first-ever LIFT on Thursday 21 November at Noontalk Studios in Singapore. Powered by Deliveroo for Business, a global leading food delivery services company, the half-day conference will bring together business leaders, established entrepreneurs, and industry experts to discuss issues relating to productivity while highlighting current problems in the workplace – all in less than five hours! The brainchild of Jin Choeh, Tho Kit Hoong, Jahun Koo, and Hyojun Lee, Swingvy was founded to empower both business leaders and employees by emphasising the importance of human…
PT WIJAYA KARYA (Persero) Tbk. [WIKA] announced a net profit of Rp1.57 trillion as of Q3-2019, a 48.31% increase year-on-year compared with the same period in 2018. As of September 2019, the Company has secured new contracts with a combined value of Rp25.74 trillion, up by 2% compared with the same period last year. In terms of project owners, the largest share of new projects was from the private sector at 46%, followed by State-owned Enterprises (Badan Usaha Milik Negara, BUMN) at 40%, overseas customers at 10%, and Indonesian Government at 4%. Of the new contracts, the largest contributor was…
Over 180 thought leaders shed light on current and future developments for minimising the impact and implications of climate change at the recently concluded Asia Clean Energy Summit (ACES), hosted by the Sustainable Energy Association of Singapore (SEAS). The sixth run of the annual industry conference saw greater participation and engagement among industry players, indicative of the increased awareness and prioritisation of the transition towards clean energy. Experts from across the sustainable energy ecosystem ranging from energy technology firms and solar photovoltaic (PV) companies, investors, policy makers to international development finance institutions participated in the three-day summit, held from 30…
Sino Prosper (Group) Holdings Limited (“Sino” or the “Company”, stock code: 00766) is pleased to announce that Hong Kong Macau Technology Holdings Limited (“HMT”), a wholly-owned subsidiary of the Company, and Hulian Zhihui (Guangzhou) Technology Company Limited (“HLZH”), entered into the LOI that HMT may subscribe shares of the HLZH. Based on the strategic cooperation among “HLZH”, “Tencent Cloud” and “China Tower” on developing “5G smart lampposts digitalisation” in the PRC, the Company believe that the LOI can aid the Company’s the subscription of shares in “HLZH” is beneficial for the Company and with this, enters into the vast market…
On November 27-28, 1,500 renewable energy leaders from across Thailand will come together at The Future Energy Show Thailand 2019, a free-to-attend event to help Thailand achieve its renewable energy potential. With Thailand’s rapidly developing economy and growing population, it already leads Southeast Asia in renewable energy installed capacity, and with the Alternative Energy Development Plan (AEDP) targeting 30% renewable energy by 2036, billions of dollars are being invested in its energy transformation. The Smart Grid initiative, part of the Ministry of Energy’s Master Plan, maps out a framework for energy supply security, grid resiliency, and energy efficiency, working in…
Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, and Protiviti, a global consulting firm, today announced a strategic alliance to deliver finance solutions that empower finance & accounting (F&A) teams to deliver real-time financial intelligence to executives and add strategic value to the enterprise. “Our strategic alliance with Trintech supports our holistic view around aligning people, process and technology to help reduce the cost and risk for finance and accounting teams, while enhancing the efficiency and accuracy of the financial reporting cycle,” said Chris Wright, managing director and global leader of…
Interpharma Plc. (SET: IP), a developer and distributor of Wellness & Anti-Aging and Aesthetic Innovation products (Interpharma) and Companion Animal and Livestock products (Intervetta), formally became a publicly-listed company on the Market for Alternative Investment (MAI) today (Nov 5). The Company is pledging to further leverage the development of new healthcare products and expand its distribution networks. At the same time, the Company is determined to make INTERPHARMA one of the leading healthcare brands. Dr. Songwut Sakchalathorn, Chief Executive Officer of Interpharma, revealed that he is confident that the Company will attract interest from investors after the successful subscription of…
Jacobson Pharma Corporation Limited (“Jacobson Pharma” or the “Company”; Stock Code: 2633), a leading company engaged in research, development, production, marketing and sale of generic drugs and proprietary medicines, announced today that its wholly-owned subsidiary Jacobson Medical (Hong Kong) Limited (“Jacobson”) has signed an exclusive distribution agreement (the “Agreement”) with Vemedia Shine Limited (“Vemedia”) (a wholly-owned subsidiary of Versailles B.V., a company incorporated in the Netherlands) for the marketing and distribution of “Excilor” range of products in the market of Mainland China. Jacobson will be the exclusive distributor for Vemedia for the marketing, sales and distribution of Vemedia’s highly recognised…
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has executed a definitive agreement (the “SPA”) for the purchase of all of the outstanding common shares of Lyfted Farms, Inc. (“Lyfted”), a state licensed, vertical cannabis company located in the Central Valley, California. The transaction, once completed, is an important milestone in the growth strategy for the Company. Lyfted has been cultivating and distributing medical cannabis since 2016, has developed multiple award-winning brands, and established a loyal following. Lyfted has an existing revenue base and with strong consumer demand, the Company has…
Sheng Ye Capital Limited (“Sheng Ye Capital” or the “Group”, stock code: 6069.HK), a professional institution offering accounts receivable financing and other solutions mainly in energy, construction and medical sectors in the PRC, has signed a Strategic Cooperation Agreement with the China Construction Bank Corporation Shenzhen Branch (the “CCB Shenzhen Branch”) lately. In line with national strategic plan to promote inclusive finance, the two parties are committed to solidifying existing collaboration and joining hands to groom small and medium enterprises (“SME”s). Vital to economic and social development, SMEs are part and parcel of national development and reform. The PRC government…
Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK), is pleased to announce the Group has appointed Professor Jean-Marie Lehn of Chemistry Faculty, University of Strasbourg, the Nobel Prize Winner in Chemistry (1987) and the Father of “Supramolecular Chemistry” as the Honorary Principal of Huashang College Guangdong University of Finance and Economics (“Huashang College”) operated by the Group. On 2 November 2019, Professor Jean-Marie Lehn accepted the invitation by Professor Albert Sun-Chi Chan, the Principal of Huashang College and gave the academic speech of “Walk Into Life Science: Chemistry? Chemistry!” in Huashang College. Before the academic speech,…
Brightoil Petroleum (Holdings) Limited (hereinafter referred to as “Brightoil Petroleum” or the “Company”, stock code: 933.HK), one of the largest private petroleum companies in the PRC, announced that the Company achieved breakthrough in debt restructuring. The moratorium in Singapore has been extended until January 2020, and the upstream Caofeidian oilfield of the Company is expected to complete the annual production target 40 days ahead of schedule and realized the increase of production, which effectively facilitated the debt restructuring and optimized the business layout of the Company. As such, resumption of trading can be expected soon. Selling of 14 vessels to…
Hong-Kong based WiseSpot Company Limited (WiseSpot) today announces that it will partner with Sigma Systems, the global leader in catalog-driven software, to provide the Enterprise Product Catalog System (EPC) to SmarTone Mobile Communications Limited (SmarTone), leading telecommunications provider operating in Hong Kong and Macau. Once completed, the system will significantly reduce time-to-market for new products and offerings, while synchronizing various online and offline service provision channels and workflows for more convenience and even higher-quality user experience for its two million plus customers. This large-scale digital transformation project integrates Sigma Systems’ award-winning software portfolio, namely its Catalog, CPQ, Order Management, Portfolio…
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has executed a definitive agreement (the “SPA”) for the purchase of all of the outstanding common shares of Lyfted Farms, Inc. (“Lyfted”), a state licensed, vertical cannabis company located in the Central Valley, California. The transaction, once completed, is an important milestone in the growth strategy for the Company. Lyfted has been cultivating and distributing medical cannabis since 2016, has developed multiple award-winning brands, and established a loyal following. Lyfted has an existing revenue base and with strong consumer demand, the Company has…
Organised by the Hong Kong Trade Development Council (HKTDC), the 21st Hong Kong International Lighting Fair (Autumn Edition), the fourth Hong Kong International Outdoor and Tech Light Expo and the 14th Eco Expo Asia concluded with more than 59,000 buyers from 135 countries and regions visiting the three fairs. HKTDC Deputy Executive Director Benjamin Chau said: “Despite the recent public incidents in Hong Kong and the current external economic uncertainties, all three fairs and their events were staged successfully. The HKTDC will continue to provide additional supporting services at upcoming events, including strengthening business matching to foster connections between exhibitors…
Arria NLG today announced that its Chief Scientist, and University of Aberdeen Professor, Ehud Reiter, and Applied Research Scientist, Craig Thomson, will take part in educational workshops at the 12th International Conference on Natural Language Generation (INLG 2019) taking place at the National Museum of Emerging Science and Innovation in Tokyo, Japan, October 29 – November 1, 2019. Organized by the Artificial Intelligence Research Center of Japan (AIRC, AIST), INLG 2019 will feature a combination of invited lectures, regular oral and poster presentations, and highly interactive educational workshops. WORKSHOP BY EHUD REITER In addition to his role as Arria NLG…
Strategic Public Relations Group (“SPRG” or the “Group”) has completed seven IPO communication campaigns in 14 trading days, including that for ESR Cayman Ltd. (“ESR”; SEHK Stock Code: 1821) listed on the mainboard of HKEX today. It is also the 455th IPO project undertaken by the Group since its inception in 1995, a record in the Hong Kong IPO communication service market, speaking volumes to SPRG’s leadership in the Hong Kong financial communication industry. Richard Tsang, Chairman of SPRG, said, “Despite the difficult times we are having this year, SPRG is still able to make strides in the financial communication…
PrivatBank, the Ukrainian state-owned bank, and JCB International (JCBI), the international operations subsidiary of JCB Co Ltd, announced that they signed a License Agreement in Tokyo for building the JCB card acceptance network and to start JCB merchant acquiring operations in Ukraine. All JCB cardmembers travelling to Kiev and other cities will be able to use their JCB cards for purchases at merchants and for cash advances at ATMs of PrivatBank throughout Ukraine planning in spring 2020. This partnership will allow both the merchants affiliated to PrivatBank to add a new brand as an incremental sales opportunity, and JCB to…