– DeClout’s new incubator will nurture local startups in financial technology (“fintech”), cybersecurity, data analytics and smart logistics with support from SPRING Singapore’s Startup SG Accelerator scheme – Further exemplifies DeClout’s unique value proposition and position as a next-generation business accelerator, following fund awarded by the National Research Foundation (“NRF”) in 2016 SINGAPORE — SGX-Catalist-listed DeClout Limited (“DeClout” or the “Company”, and together with its subsidiaries and associated companies, the “Group”) announced today that its wholly-owned subsidiary, DeClout Investments Pte. Ltd. (“DeClout Investments”), has launched an incubator arm to groom highgrowth local startups from Information and Communication Technology (“ICT”) sectors. Under…
Author: Marie Jones
New “L.I.F.E.” Themed Zones and Startup Zone showcase innovative products HONG KONG — The 32nd HKTDC Hong Kong Houseware Fair and the eighth HKTDC Hong Kong International Home Textiles and Furnishings Fair opened today. Organised by the Hong Kong Trade Development Council (HKTDC), the two four-day fairs will continue through 23 April at the Hong Kong Convention and Exhibition Centre (HKCEC) and bring together more than 2,500 exhibitors from 28 countries and regions to showcase the latest housewares, home textiles and furnishing products. – Houseware Fair’s “L.I.F.E.” theme highlights the latest design trends The largest event of its kind in Asia,…
To Deliver Bonded Cellular Solutions for Live Multi-Camera Broadcasts HONG KONG — JVC Professional Video, a division of JVCKENWOOD USA Corporation, today announced a partnership with Plover Bay Technologies’ (‘Plover Bay’, HKG: 1523) own brand, Peplink, a leader in VPN bonding solutions. Peplink combines multiple connections to create an unbreakable backbone for the ProHD Wireless Bridge video over IP (VoIP) solution for uninterruptible multi-camera live broadcasts. JVC will demonstrate the ProHD Wireless Bridge at the 2017 NAB Show (Booth C4315), which runs April 24-27 in Las Vegas, Nev. Peplink’s bonded cellular solutions have been successfully deployed for mass transit, cruise ships,…
SINGAPORE — Evolis, the worldwide leader in personalization systems for plastic cards, has been selected by the Shandong Social Security department for the personalization and instant issuance of multifunctional plastic cards. The cards are co-branded by the Shandong Social Security authority and six Chinese banks, and combine a debit card with a social security card. 400 Avansia printers by Evolis, integrating retransfer printing technology, were equipped with smart card encoders by Chinese system integrator Boya Wuzhou, and deployed across the banks in December, 2016. The contract, worth $1.2M, includes consumables and spare parts. “We are proud that our company was selected…
Highlights – 1Q FY2017 DPU was 1.489 cents – Approximately 260K sq ft of renewals, forward renewals and new leases signed – Portfolio occupancy of 91.8% as at 31 March 2017, occupancy rate at 72 Loyang Way stands at 9.9% SINGAPORE — SB REIT Management Pte. Ltd. (“Manager”), the Manager of Soilbuild Business Space REIT (“Soilbuild REIT”), today announced a distribution per unit (“DPU”) of 1.489 cents for the first quarter ended 31 March 2017 (“1Q FY2017”). Gross revenue and net property income (“NPI”) rose by 9.2% and 11.7% respectively due to higher revenue from Bukit Batok Connection, Solaris, Tellus Marine…
– Technology and infrastructure-led, de-risked exploration approach taken by Lime Petroleum Norway AS – First test production in Edvard Grieg South (Rolvsnes) anticipated in 2019 – Cluster of assets around Edvard Grieg South (Rolvsnes) discovery added to portfolio SINGAPORE — Rex International Holding Ltd (SGX:5WH,REXI), a new-generation technology driven oil company, has mapped out a value creation strategy for its assets in Norway – particularly in the North Sea – built on the Group’s unique technology-led, de-risked exploration approach. Development feasibility studies are being carried out on the Edvard Grieg South (Rolvsnes) (“EGS”) discovery in licence PL338C made in December 2015,…
KUALA LUMPUR — At SEMICON Southeast Asia 2017, Dr. Chen Fusen, CEO of Kulicke & Soffa Pte Ltd, Singapore, will give a keynote on digital transformation in the manufacturing sector. Chen believes that Smart Manufacturing, or Industry 4.0, is no longer hype but real, and Asia needs to get on board sooner rather than later. SEMICON Southeast Asia (SEA) 2017, held at the SPICE arena in Penang on 25-27 April, is Asia’s premier showcase for electronics manufacturing innovation. “Digital transformation has proven to provide solutions for addressing challenges in the manufacturing industry but there is still the issue of acceptance as…
-Expanded power facilities come on-line this Q4 -Poised to invest in efficient power production to support growth BANGKOK — TPI Polene Power or TPIPP, operator of Refuse-derived Fuel (RDF) and waste heat recovery power plants in Thailand, and operator of petrol and natural gas (NGV) service stations, aims to be the leader in the power production and distribution business. The company, now trading on the stock market, is in the middle of expanding three new power plants whose commercial operation date (COD) is set for the 4th quarter of this year, which will push production capacity to 440MW. TPIPP is also…
TOKYO — AsianInvestor has recognised Nikko Asset Management (Nikko AM) as Japan’s 2017 Fund House of the Year for generating strong returns in Japan’s negative interest rate environment. This is the sixth time in seven years that the firm has won the award[1]. Nikko AM’s actively managed Japanese equity strategies demonstrated a record of investment excellence that drove growth in assets under management (AUM) throughout 2016. “The Bank of Japan’s negative interest rate policy provided new challenges for investors in 2016,” said Hiroki Tsujimura, Chief Investment Officer – Japan. “We believe one of our core competitive advantages is the progressive nature…
New Startup Zone & Tech Hall Showcase Cutting-edge, Smart Products HONG KONG — The HKTDC Hong Kong Electronics Fair (Spring Edition), the largest spring electronics event in Asia, and the concurrent HKTDC International ICT Expo opened today. The four-day fairs (13-16 April), are both being organised by the Hong Kong Trade Development Council (HKTDC) held at the Hong Kong Convention and Exhibition Centre. More than 3,500 exhibitors from 23 countries and regions are showcasing an assortment of cutting-edge technologies and smart products at the fairs, including innovative solutions and products presented by start-ups. – Startup zone showcases creativity of 100+ companies…
HONG KONG — A leading real estate developer of green technological properties – Modern Land (China) Co Ltd (“Modern Land,” the “Company,” together with its subsidiaries, the “Group,” HKSE stock code: 1107.HK) — is pleased to announce that Fitch Ratings, an international credit ratings institution, has affirmed the Group’s Long-Term Foreign- and Local-Currency Issuer Default Rating (IDR) at “B+” with the Outlook Stable. Fitch has also affirmed the Group’s senior unsecured rating and the ratings on all outstanding bonds at “B+” with a Recovery Rating at “RR4”. In August 2016, Fitch initially upgraded the Group’s Long-Term Foreign- and Local-Currency Issuer Default…
TOKYO — JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (JCB), today announced the appointment of new directors at the shareholders’ meeting held in Tokyo on April 3. Mr. Ichiro Hamakawa is the new Chairman and CEO, succeeding Mr. Takao Kawanishi who served in those roles since 2010. Mr. Koremitsu Sannomiya was appointed Deputy Chairman and Mr. Kimihisa Imada, President and COO. Mr. Kawanishi continues to lead our business as Chairman of JCB. JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in…
To Open Greyhound Cafe in UK Late 2017 to Penetrate Europe BANGKOK — Mudman (MM), a leading operator of global food and lifestyle brands, is speeding up its local and overseas restaurant chain expansions, and by Q4 it is going to open a Greyhound Cafe branch as its flagship store in the UK and as the springboard for further expansion through franchising in Europe. It seeks to increase the number of branches both in Thailand and through franchising for new countries every year, as well as expand “M-Kitchen” cafeteria management business to cover new establishments and raise the number of Dunkin…
TOKYO — Tokyo Electric Power Company Holdings, Inc., or TEPCO, has announced a £500,000 equity investment in Moixa Energy Holdings, the UK’s leading residential battery and platform for managing storage services. (CEO: Simon Daniel, Headquarters: London). “We are excited to welcome Moixa to our modest, but growing portfolio of innovative companies,” said Hirokazu Yamaguchi, Executive General Manager, Global Innovation & Investments at TEPCO. “Moixa has developed a robust battery storage and smart energy-sharing platform. We look forward to gaining hands-on experience for the benefit of our customers.” David Thomlinson, Chairman of Moixa and former Global Head of Energy at Accenture, said,…
Proposed Offer Price at HK$17 Per H Share; A Premium of More Than 220% over Net Asset Value of Each Share HONG KONG — Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. (“Shandong Luoxin” or the “Group”) (stock code: 8058) has announced that Giant Star Global (HK) Limited (“Giant Star HK”) and Ally Bridge Flagship LX (HK) Limited (“Ally Bridge Flagship”) (“Joint Offerors”) have extended a voluntary conditional offer (the “Offer”) for all the issued H shares in Shandong Luoxin (other than those already owned, controlled or agreed to be acquired by the Joint Offerors and parties acting in concert with any…
Survey Predicts Bright Future for LED, Green & Smart Lighting HONG KONG — The ninth Hong Kong International Lighting Fair (Spring Edition), organised by the Hong Kong Trade Development Council (HKTDC), closed yesterday. The four-day fair (6-9 April) welcomed a record of 1,340 exhibitors from 13 countries and regions, welcoming close to 21,000 buyers from 115 countries and regions, a 5.8 per cent increase over the previous year. “We saw brisk trading and networking at the Spring Lighting Fair,” said HKTDC Acting Executive Director Benjamin Chau. “Buyers from European, US and Asian markets were actively engaged in sourcing, with buyer attendance…
The Sales Revenue for the Household Solar Power Generation System Reached HK$1.235 billion HONG KONG — On the evening of March 30, Hanergy Thin Film Power Generation Group issued its 2016 annual report. Data show that for the last financial year ending 31 December 2016, Hanergy Thin Film recorded a revenue of HK$4,483,000,000, representing an increase of approximately 59%. Gross profit increased to HK$2,598,000,000, representing an increase of approximately 89% compared with the previous year. It is noteworthy that Hanergy Thin Film has successfully turned from loss to profit for the year with an annual profit of HK$252,000,000. According to the…
HONG KONG — After two years of suspension, the Kaisa Group (01638.HK) recently resumed trading and its stocks soared by 55.77% with a closing price of HKD $2.43. The resumption of trading and the soaring of prices result mainly from two factors: one is the stimulation provoked by the bull news of resumption; and the other is the room for compensatory growth as a result of a sharp drop in the past. In November 2014, the Kaisa Group was restricted to trade for housing resources in Shenzhen; with its cash flow drying up, it fell into a debt crisis. Meanwhile, the…
– Greatly Strengthens Next Generation One-stop IT Services Capability – Expands Business Globally – Accelerates Customers Grasping Digital Transformation Business Opportunity HONG KONG — Automated Systems Holdings Limited (“ASL” or “the Group”) (stock code: 771), a trustworthy and professional information technology (“IT”) partner in the region, is pleased to announce the successful acquisition of Grid Dynamics International, Inc. (“Grid Dynamics”), following approval from the Committee on Foreign Investment in the United States. Grid Dynamics becomes ASL’s wholly-owned subsidiary. The consideration was approximately US$118 million. Upon acquisition, ASL becomes a global IT service provider with an expansion of geographical coverage beyond Asia…
Xiamen,China — Hengxing Gold Holding Company Limited (“Hengxing Gold” or the “Company”, HKEx: 2303), an emerging gold mining company in China, announced its annual results for the year ended 31 December 2016 (the “review period”), with a 41% dividend payout ratio. Highlights are as follows: – Net profit after tax surged by 279% year on year to reach HKD227.2 million – HK$0.1 cash dividend per share proposed, representing a dividend payout ratio of 41% – Gold production rose by 53% year on year to 66,604 ounces – All-in gold production cost and cash cost decreased by 28% and 12% year on…