Author: Marie Jones

BANGKOK — In its quest to become a “global” company, SET-listed digital finance firm Group Lease Public Company Limited (“GL”, SET:GL) is embarking on another major expansion program in 2017 that will see its fast-growing model of digital-finance business extending from Asia to Africa and Eastern Europe. The target is to expand its corporate footprint from seven countries in Asia at present to 20 countries worldwide next year. “Our model of digital-finance platform can apply to any countries. That is why we can expand very fast,” GL chairman and chief executive officer Mitsuji Konoshita stated. Having just returned from visiting South…

Read More

HONG KONG — The award presentation ceremony of Quamnet Outstanding Enterprise Awards (QOEA) 2016 organized by Quamnet, will take place on Jan 12, 2017 at The American Club Hong Kong. The awarded enterprises would be announced at the ceremony. In addition to recognizing the outstanding performances achieved by the acclaimed enterprises last year, the ceremony would provide opportunity for the enterprises to share their insights in achievements. All sectors of management, notable guests and media are invited to join the ceremony. Marking the 8th anniversary of QOEA Being a leading financial website in Hong Kong, Quamnet not only focuses on the…

Read More

HONG KONG — Cigna Worldwide General Insurance Company Limited (“Cigna Hong Kong”) has launched “Cigna HealthSecure Protection Booster”, a new product that offers critical illness protection to customers throughout their every life stages. Taking into account customers’ health protection and financial needs as they age, the sum insured increases by HK$500,000 every five years, up to 400% of the original sum insured depending on the plan level. By joining the plan early in life, customers can enjoy peace of mind and guaranteed protection without further underwriting. According to the Centre for Health Protection of the Department of Health 1, critical…

Read More

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 on 29 December (New York time), the Company successfully issued additional USD150,000,000 senior notes due 2019, with an interest rate of 6.875% per annum. This initiative is another prominent step after the Company’s green bond issuance in October this year, with an ultimate goal to boost the innovation of green financing and to consolidate the Company’s leadership position in green finance sector. Modern…

Read More

Expands Energy-related Business to Drive Growth HONG KONG — Sino Energy International Holdings Group Limited (“Sino Energy” or the “Group,” HKSE stock code: 1096) has signed an agreement to acquire Wealthy Fortress Investment Corporation (“Wealthy Fortress”) through which it will come to own 16% interest in Fujian Xinjie Natural Gas Co., Ltd. (“Fujian Xinjie”), allowing it to expand its energy-related business for driving future growth. Fujian Xinjie, which mainly engages in storage, transportation and sales of natural gas and liquefied petroleum gas, is owned 58% by a subsidiary of Kunlun Energy Company Limited (Stock code: 135.HK), 26% by Fujian Deqing…

Read More

Tianjin He Ping Joy City officially opened on 24 December HONG KONG — Joy City Property Limited (“Joy City Property” or the “Company”, Stock Code: 00207) is pleased to announce that Tianjin He Ping Joy City officially opened on 24th December. As the first light asset output project of Joy City Property, He Ping Joy City attracted over 100,000 passenger traffic on the first day with a brand-new concept and generated nearly 10 million RMB in sales from online and offline. A brand new city shopping center in superior location Located in the CBD commercial district of Tianjin Binjiang Road and…

Read More

Daejeon, KOREA — ETRI’s broadcasting and media technology has been globally recognized as a leader of related technologies around the world. ETRI is gaining traction in establishing related core technologies as international standards in the industry for UHD, often known as the next-generation television service, which has been expanding its market size. Researchers from ETRI have developed LDM (Layered Division Multiplexing) technology that can simultaneously transmit and receive UHD and mobile HD broadcasting signals through a single channel, and it was selected as a baseline technology for the ATSC 3.0 standard. In addition, ETRI has developed and applied to UHD television,…

Read More

HONG KONG — A8 New Media (800.HK) announced that a total of 931,800,000 shares will be issued to the subscriber, Ever Novel Holdings, at the subscription price of HK$0.41 per share. The subscription shares represent approximately 33.68% of the enlarged share capital, and the net proceeds from the subscription will be approximately HK$380.5 million. Ever Novel Holdings is owned by a family trust set up by Mr. LIU Xiaosong, the actual controller of the Company. Upon completion, the aggregate subscription price for the subscription shall be paid by Ever Novel Holdings in cash. A8 New Media is principally engaged in the…

Read More

BEIJING — China Enterprise ICT Solutions Limited (China Entercom) announced the signing of a strategic cooperation agreement with Dadi Cinema Group (“Dadi”), a trendsetting company in China’s cinema industry. China Entercom will provide Dadi with a comprehensive network management solution including consultation, design, deployment and operations support. Through optimization and upgrade of Dadi’s network infrastructure, network security, data center and hi-speed network connections, the solution will effectively facilitate the implementation of Dadi’s “Film +” strategy, designed to create an experiential cinema ecosystem that features multi-faceted operation. The revolutionary concept will usher in a new era for the film industry. Innovation Never…

Read More

Participants find success through business matching activities HONG KONG — The inaugural HKTDC Lifestyle Expo in New Delhi welcomed more than 2,000 trade buyers during its two-day run on 19 and 20 December 2016, as 120 Hong Kong and mainland companies showcased a range of trendy, high-quality products, reaffirming Hong Kong’s position as Asia’s lifestyle trendsetter and “super-connector” in business. Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Trade Development Bureau (TDB) of the Ministry of Commerce of the People’s Republic of China, the expo took place at The Lalit New Delhi. Apart from bringing a slice…

Read More

HONG KONG — C.banner International Holdings Limited (“C.Banner” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1028), an international integrated retailer and a leading retailer of mid-to-premium women’s formal and leisure footwear in the PRC, announced that the Company launches two women’s footwear brands – the famous “Badgley Mischka” brand and “naturplus” in China. It marks the Group’s pursuit of global branding strategy and horizontal expansion of business through diversification of its brand portfolio, which increases the Group’s market share and consolidates its industry position as an international integrated retailer. “Badgley Mischka” is a well-known American fashion brand.…

Read More

NANJING, CHINA — House of Fraser, the UK and Ireland’s premium department store group,formally opens its first store in China, Nanjing on December 21. The House of Fraser Nanjing store is located at Xinjiekou Sanpower Plaza (International Financial Centre), offering customers over 1,500 brands to shop from both online and in store.It is covering a total building area of approximately 28,500 m2 with six floors in total. Design of the building is neoclassical style, which is decorated with British style clock installation, Frasers glass roof and surrounded with world’s class light show. Additionally, there are around 50 video screens in…

Read More

NEW YORK, NY — qbeats has announced the addition of articles from Morningstar, Inc., one of the leading providers of independent investment research in North America, Europe, Australia, and Asia to its publishing platform. For the first time, qbeats customers (investors, financial advisors, asset managers, and retirement plan providers and sponsors) will be able to access Morningstar content on a pay-per-view basis, powered by qbeats’ ‘QMV’*. Morningstar provides data on nearly 540,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on approximately 18.5 million equities, indexes, futures, options, commodities, and precious metals, in…

Read More

HONG KONG — China All Access (Holdings) Limited (“China All Access” or “the Company”; stock code: 633.HK) today has published a clarification announcement in response to a number of allegations made in a report (the “Allegation Report”) issued by Triam Research (“Triam”). For example, the discrepancy in revenue from the Communication Application Segment that was reported in the 2015 Financial Statements and SAIC filing is due to 1) the difference in the practice used for the SAIC filing of the Company’s PRC subsidiaries and the accounting treatments adopted in the 2015 Financial Statements, and 2) some of the Company’s revenue in…

Read More

HONG KONG — Legend Strategy International Holdings Group Company Limited (“Legend Strategy” or the “Group;” stock code: 1355) announced the appointment of Lu Zefeng as the Group’s Non-executive Director, with effect from 15 December 2016. Lu worked at the China Securities Regulatory Commission and held several positions, including the Head of Legal Department and the Head of Institution Regulatory Department, Assistant to Director and Deputy Director of the Shandong Branch. He was also Deputy Officer of the Listed Company Regulatory Department. Lu holds a doctorate degree in law from Wuhan University, and has a wealth of knowledge in China’s Financial Law…

Read More

Further Broaden of Shareholder Base and Raise Funds for Future Acquisitions HONG KONG — Sino Energy International Holdings Group Limited (“Sino Energy” or the “Company”; HKSE stock code: 1096) announced the issuance of convertible bonds in the aggregate amount of HK$150,000,000, to further broaden its shareholder base and establish a solid foundation for future development. Subsequent to introducing China Huarong Overseas as its controlling shareholder earlier, Sino Energy will issue a total amount of 312,500,000 shares of 22-months convertible bonds to 6 subscribers based on the initial conversion price of HK$0.48 per conversion share with an interest at 7.5% per annum.…

Read More

To join hands with leading Korean industry player in Developing into an international biopharmaceutical enterprise HONG KONG — Tongfang Kontafarma Holdings Limited (“Tongfang Kontafarma” or the “Group”; stock code: 1312.hk), today announced the proposed 29% stake acquisition of Binex Co. Ltd. (“Binex” or the “Target Company”; stock code: 053030.ks), a Korea-listed company engaged in the manufacturing and selling of pharmaceuticals mainly in Korea. On 29 November 2016 (before trading hours), Tongfang Kontafarma entered into a share subscription agreement with Binex and its majority shareholders, pursuant to which the Group has conditionally agreed to subscribe, and the Target Company has conditionally agreed…

Read More

Selangor, Malaysia — Authoritative parenting is significantly linked to positive youth development, according to a recent study published in the Pertanika Journal of Social Sciences & Humanities (JSSH). Malaysia, which aims to become a developed country by 2020, is keen to ensure that its young people grow into successful and competent adults who contribute to the country’s growth. Positive youth development (PYD) is a good indicator for this as it measures an adolescent’s strengths and capabilities based on five factors: competence, confidence, caring, connection and character. Previous studies showed that parents are the biggest influencers in determining the level of…

Read More

Raghuram Rajan & Mohamed A El-Erian among Some 100 Elite Speakers HONG KONG — The 10th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), will be held on 16 and 17 January at the Hong Kong Convention and Exhibition Centre (HKCEC). Financial experts and business leaders from around the world will share insights on the global economy and the latest market opportunities at the forum, which will kick off a series of events marking the 20th anniversary of the establishment of the HKSAR. The success…

Read More

HONG KONG — Supply chain management and solutions provider Daohe Global Group Limited (“Daohe Global” or the “Group”; stock code: 915) today announced its interim results for the six months ended 31 October 2016. The Group continued to face price deflation from retailers, currency depreciation and increased competition during the period ended 31 October 2016. The Group’s overall shipment dropped by approximately 9.0% from approximately US$124.6 million (equivalent to HK$971.9 million) for the same period last year to approximately US$113.4 million (equivalent to HK$882.3 million). Revenue decreased by approximately 2.9% to approximately US$52.5 million (equivalent to HK$408.5 million) from approximately…

Read More