Author: Marie Jones

GBP2.0 million investment in UK residential fund focusing on the growing Private Rented Sector 50 Lorong 21 Geylang site sold for S$13.5 million; expected to be recognised in 2Q2020 Healthy balance sheet with S$51.8 million of cash and cash equivalents and low net gearing of 0.2 times Diversified property developer, SLB Development Ltd. (“SLB”, and together with its subsidiaries, the “Group”), reported net profit attributable to the owners of the Company of S$1.9 million on the back of S$7.7 million in revenue for the first financial quarter ended 31 August 2019 (“1Q2020”). Following shareholders’ approval at an extraordinary general meeting…

The Director-General of Investment Promotion of the Hong Kong Special Administrative Region, Mr Stephen Phillips, today (October 14, Sao Paulo time) started his duty visit to Sao Paulo and Brasilia in Brazil, Santiago in Chile and Lima in Peru as part of Invest Hong Kong (InvestHK)’s latest efforts to promote Hong Kong’s business attractions. During the visit, Mr Phillips will meet with leaders from various sectors including fintech, financial services, consumer products, food and beverage trading and manufacturing, transport and industrial. He will also meet with local chambers of commerce, trade and investment promotion agencies and government officials as well…

Twenty-four ASEAN-registered companies were honoured for their best-in-class investor engagement at the inaugural 2019 All-Asia Most Honored Companies Awards co-hosted by Institutional Investor (“II”) and Investor Relations Professionals Association (Singapore) (“IRPAS”) at an award ceremony supported by the Singapore Exchange and sponsored by Orient Capital. Every year, Institutional Investor asks buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region to name companies they cover and rate their chief executive officers, chief financial officers, and investor relations. All votes are assigned a rating (five, four, three, two, and one). Companies’ IR programs are…

4,300 exhibitors showcase tech trends, symposium focuses on 5G The 39th HKTDC Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and the 23rd electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) and continue until 16 October. “In the face of global economic challenges, companies around the world are becoming more eager to promote and source innovative products to maintain their competitiveness,” said HKTDC Deputy Executive Director Benjamin Chau. “As the world’s largest electronics marketplace, the Autumn Electronics Fair and…

Dr Cheney Mao, chairman and CEO of Viva Biotech, shares the extremely unique business model of the company, which started as a highly specialized CRO in 2008, before launching a new ‘equity-for-service’ model in 2016 that focused on incubating biotech start-ups from their inception to IND stage. He highlights their successful investment track record so far, their ambitions to become a global biotech incubator, and three of their most promising biotech investments. “Our vision is really quite unique because we are mentoring and supporting these companies from the very beginning of their journey, when they are in desperate need of…

On October 10, RRMine attended WDMS 2019 (World Digital Mining Summit) hosted by BITMAIN, in Frankfurt, Germany. RRMine is a global cloud computing power asset management and trading platform that provides users with BTC cloud computing power mining services. Global CEO Tsou Yung Cheng delivered the keynote at the summit, explaining how RRMine has managed the market risk of Bitcoin mining for users through three years of operation, realizing the platform mission that “Everyone can easily own Bitcoin”. 1. Reducing user risk is the most important value of the cloud hash power platform RRMine has been driven by user value, and…

On October 11th 2019, Fitch Ratings affirmed China State Construction Engineering Corporation Ltd.’s (CSCE) Long-Term Issuer Default Rating (IDR) and senior unsecured rating ‘A’ and Stable Outlook. Earlier in July, Moody’s Investor Service (Moody’s) announced A2 for China State Construction’s Long Term Rating with Stable Outlook. And S&P Global Ratings (S&P) rated A for China State Construction’s Credit Rating as well as Stable Outlook. The Company won Stable Outlook from all three rating agencies. Moody’s recognized China State Construction’s leadership position in housing construction and real estate development area. S&P pointed out that China State Construction benefited from stable profit…

IOD-1 GEMS satellite captures internal imagery of violent storm forecast to make landfall in Japan Orbital Micro Systems (OMS), a leader in advanced instrumentation for small satellite missions, and analysis-ready earth data intelligence, has released images of Typhoon Hagibis from its IOD-1 GEMS satellite. Typhoon Hagibis has strengthened dramatically in recent days, representing the greatest intensification of a Western Pacific storm since Typhoon Yates in 1996. OMS captured this observation of the storm October 8, 2019 at 12:36 a.m. UTC, shortly after the typhoon intensified from a 60-mph tropical storm to a 150-mph super typhoon in 18 hours. The data…

It is reported that after COSCO SHIPPING Tanker (Dalian) Co., Ltd. (“Dalian Tanker”) being added to the Specially Designated Nationals (“SDNs”) List by the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), a total of 14 Dalian ships (including 9 VLCCs) stopped sending location data from their automatic identification system (AIS). However, the relevant personnel of COSCO SHIPPING Energy Transportation Co., Ltd. (COSCO SHIPPING Energy), the parent company of Dalian Tanker, states that the ships of Dalian Tanker have never shut off AIS, all signal transmission remain normal, and the ship operation data is public, which is available…

DaFa Properties Group Limited (“DaFa Properties” or the “Company”, together with its subsidiaries, the “Group”; stock code: 6111.HK) is pleased to announce its first anniversary of listing on the Main Board of the Hong Kong Stock Exchange since 11th October 2018. Reviewing the year after listing, the Company had a lengthy parade of highlights in its business results, which included the marked enhancements and increases of its operational capabilities and various profit indicators, and its widening recognition in the international capital markets. In the year, with its united efforts, the Company successfully delivered commendable business results in celebration of its…

Mudman PCL (SET:MM) Chief Executive Officer, Mr. Nadim Xavier Salhani discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: Please explain the history of MM. MM has a very interesting background and the brands have gone through 3 different ownerships before settling with MM. I joined the organization in 2003 where Au Bon Pain was in the initial stages of expansion and Dunkin’ Donuts was a dying brand with the stores and the staff were looking poor but thankfully the product was very good. We came up with several initiatives to turn this around. In…

NetDragon Websoft Holdings Limited (“NetDragon” or “the Company”, Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that, “The Fourth China-CEEC Conference on Innovation Cooperation” was co-organized by the Ministry of Science and Technology of China, Minister of Innovation and Technological Development of Serbia. The conference was held on 8 and 9 October in Belgrade, the capital of Serbia. The conference brought together thousands of representatives and guests from various industries and related fields, ranging from digital information, advanced manufacturing to smart cities. NetDragon was among the attendees who jointly explored strategic concepts…

SDG Academy Indonesia was launched on Tuesday, 8 October at the Sustainable Development Goals (SDG) Annual Summit 2019 in Jakarta. The SDG Academy will serve as an inclusive learning platform for government and non-government stakeholders and will help bolster the capacity of all its stakeholders and fast-track SDG progress across Indonesia. The Academy will serve as the SDG Knowledge Hub in Indonesia. Tuesday’s launch was presided over by Mr Bambang Brodjonegoro, BASSERNAS (center), Mr Christophe Bahuet, UNDP, and Mr Anderson Tanoto of the Tanoto Foundation (10 Oct) The SDG Academy’s innovative program includes an SDG Leadership Certification (5 months), Mobile…

NJ Ayuk’s latest book, “Billions at Play The Future of African Energy and Doing Deals” launches October 22, 2019 and is already an Amazon #1 Best-Seller in two categories: Oil and Energy, and African Politics. African economies are undergoing a transformative period. The energy sector, in particular, holds great potential to revitalize African economies and empower the growth and development. This, is a subject NJ Ayuk dives into in great detail in his sophomore book, “Billions at Play: The Future of African Energy and Doing Deals”. Now available for pre-order on Amazon, “Billions at Play” tells us how energy can…

On October 2nd, TCL Industries Holdings Co., Ltd. (TCL Holdings), T.C.L. Industries Holdings (H.K.) Limited, and TCL Electronics Holdings Limited (1070.HK) released a joint announcement stating that parent TCL Corporation had sold restructured assets (including the equity interest in TCL Electronics (1070.HK)) to TCL Holdings, and TCL Holdings had proposed a mandatory general offer to all shareholders of TCL Electronics. It is noted that the restructuring will not change the principal businesses, management composition and the board of directors of TCL Electronics, as well as its listing status on the Main Board of the Hong Kong Stock Exchange. TCL Holdings…

LankaClear (Private) Limited (LankaClear) – the operator of LankaPay, Sri Lanka’s National Payment Network, together with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the commercial roll-out of National Card Scheme (NCS) programme of Sri Lanka, after successfully completing the pilot stage since the announcement of the strategic partnership in June 2017. With the commercial roll-out of NCS programme, LankaPay/JCB co-badged payment cards are now accepted at ATMs and merchants on JCB network, globally. This partnership has also enabled JCB cardholders worldwide to use their cards at ATMs and POS terminals within Sri Lanka.…

Formation of a joint venture with an independent third party; A significant step made on business restructure; Further diversify and strengthen the Group’s business portfolio China Brilliant Global Limited (“CBG”, and together with its subsidiaries, the “Group”; HKEx Stock Code: 8026.HK) is pleased to announce that it has entered into a non-binding MOU with an independent third party (the “JV Partner”) on the establishment of a joint venture, to develop the promising digital banking and financial services business. This step is expected to further diversify and strengthen CBG’s business portfolio, as well as to facilitate its business transformation and long-term…

Report shows fragrance can boost value of consumer products by factor of ten Fragrance boosts the value of consumer goods such as perfumes, cosmetics and cleaning products by up to ten times, according to a new report. ‘The Value of Fragrance’ – a study conducted by professional services firm PwC on behalf of The International Fragrance Association (IFRA) – shows that the manufacturing of fragrance ingredients alone adds EUR7.2bn to the global economy and is responsible for between EUR48bn and EUR72bn in Value Added for 25 consumer product categories. In the Asia-Pacific region, the fragrance industry contributes up 42% of…

The 25th IFSCC (International Federation of Societies of Cosmetic Chemists) Conference took place at the MiCo Milano Congressi in Milan, Italy from 30 Sept – 2 October, gathering members from the international cosmetic science and technology industry to discuss and present on leading and up-and-coming cosmetic technologies. Pechoin, a well-established Chinese cosmetics company, was invited to attend the conference, and Pechion researcher Liu Yan was granted the 2019 Maison G de Navarre Young Scientist Prize for his paper ‘The Human Skin Microbiome: A New Way to Beauty’. This year, Pechoin had the honor of making both podium and spoken poster…

Creates a New Growth Driver, Diversifies Revenue Streams Sun Cheong Creative Development Holdings Limited (“Sun Cheong” or the “Group”, stock code: 1781), the brand owner of “ClipFresh”, under which the Group designs, develops, manufactures and sells plastic household products targeting the mid-range to high-end market segment, has announced that it plans to invest HK$6 million to set up Champion Motor Group Hong Kong Limited (“Champion Motor”). The Group is to hold a 60% stake through its wholly-owned subsidiary, Top Leader International Limited (“Top Leader”). Champion Motor is to tap the super and luxury car trading market and provide related services…