TOKYO — Nikko Asset Management (“Nikko AM”) today announces that it is enhancing its disruptive innovation focused investment solutions by acquiring a minority stake in ARK Investment Management LLC (“ARK”). In this partnership Nikko AM will obtain exclusivity to offer ARK products and investment strategies in Japan and the Asia Pacific while its investment team intends to continue working closely with ARK’s disruptive innovation focused analysts. ARK has served as a sub advisor to Nikko AM’s Global Fintech Equity Fund, launched in Japan in December 2016 with total assets of over JPY 75 billion as of July 2017. The now enhanced…
Author: Marie Jones
SINGAPORE — TMT Finance Asia 2018 has been announced, taking place in Singapore at Marina Bay Sands on February 1 to assess the next wave of digital investment strategies transforming the region. The prestigious annual leadership conference, which is now in its 8th year and part of a global series by TMT Finance, brings together key telecom, media and technology companies, investment bankers, investors and advisers to assess regional strategy and investment opportunities. This year’s event will focus on the fast-changing communications landscape across Asia, including accelerating investment in areas such as fintech, ecommerce, AI and IT services; growth and convergence…
HONG KONG — PuraPharm Corporation Limited (“PuraPharm” or the “Group”, HKEX: 1498) is a leading Hong Kong-based Chinese medicine company specialising in the research and development, production and sale of Concentrated Chinese Medicine Granules (“CCMG”) products under the “Nong’s” brand. The Group has announced that its first-ever Nong’s Chinese Medicine Clinic in Mainland China has commenced operation at Nanning in Guangxi Zhuang Autonomous Region on 31 July 2017. The “Guangxi-Hong Kong CEPA Cooperation Project and Nong’s (Nanning) Chinese Medicine Clinic Opening Ceremony” has received support from various sectors, including leaders from relevant authorities of the Nanning Municipal, and representatives of various…
Fifth Profit Alert in Past Two Years; Reaping the Benefits of an Adjusted Business Strategy Sales of Own-branded Products and Profit Attributable to the Shareholders Expected to Surge by 50% HONG KONG — Ausnutria Dairy Corporation Ltd (“Ausnutria” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1717.HK), a leading dairy industry company with production facilities principally based in the PRC, the Netherlands and Australia, is engaged in the production and distribution of all dairy products (including infant formula) and nutrition products. Today, the Group is pleased to announce that it expects to record an increase of more than…
LAS VEGAS, NV — Trillium Inc, a leading automotive cybersecurity solutions provider, today announced its acquisitioon of the assets of cybersecurity consulting firm CanBusHack, Inc. Established in 2010, CanBusHack is the oldest automotive cybersecurity consulting and penetration testing company in the world. It is widely recognized as an industry leader thanks to its broad portfolio of successful projects with major OEM and Tier1 customers around the world. Trillium made the announcement during the annual DEF CON hacker convention, being held at Caesars Palace in Las Vegas, Nevada, from July 27 – 30. Trillium’s automotive cybersecurity technology is under attack in the…
New Businesses Becomes Growth Driver HONG KONG — SMIT Holdings Limited (“SMIT” or the “Company,” together with its subsidiaries, the “Group”) (stock code: 2239), a global leading CAM supplier and a major mPOS supplier in China, has announced its unaudited interim results for the six months ended 30 June 2017 (the “Period”). Highlights – For the six months ended 30 June 2017, the revenue increased by 19.6% to USD32.2 million, mainly due to the growth in the CAM business and sales in the new O2O smart terminals and blockchain server businesses. Profit amounted to USD3.5 million, an increase of 77.9%, partly…
HONG KONG — China’s Leading Beauty Enterprise Mege Union International Group (“Mege Union” or “the Group”) is pleased to announce today that the Group recently garnered the “12th Outstanding China Beauty Enterprise Awards”, being the first Chinese medical beauty company presented with this award. This is another milestone achieved since Mege Union revealed its overseas expansion plan by entering into the strategic cooperation with Hong Kong’s leading SPA center FMH. Ms. Li Xuefei, General Manager of Mege Union attended the awards ceremony and received the award on the Group’s behalf. This award recognizes the continuous innovation and advancement of Mege Union…
– Evolving legislation, peer pressure and stakeholder expectation call for more investment in ESG reporting – Aligning ESG reporting with international standards will boost company value HONG KONG — A majority of Hong Kong-listed companies went beyond meeting the minimum environmental, social and governance (“ESG”) disclosure requirements in their first ESG report after the new ESG reporting regulations were introduced, but related investment was still limited, and the ESG reporting standards have room for improvement, according to a newly released study conducted by the Hong Kong member firm BDO, the world’s fifth largest accountancy network. First study of its kind reveals…
WINS 2Q2017 fleet utilization recovers to 56% from 49% in 1Q2017, while total revenue picks up by 11% on a quarterly basis. JAKARTA — Wintermar Offshore Marine (IDX:WINS) has reported 1H2017 financial results. 2Q2017 saw improvements in total revenue and utilization of vessels compared to the previous quarter, as total revenue picked up to US$14.6 million compared to US$13 million in 1Q2017, reflecting a gradual return of offshore activity as we had anticipated. However, for 1H2017, cumulative total revenue of US$27.7 million was still 43% lower Y-o-Y (year-on-year) compared to 1H2016. This was the result of the severe decline in demand…
Maps New Layout of Global Online Education Business HONG KONG — China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269) announced that it plans to acquire 54% of the total issued shares of SJW International Co., Limited (“SJW International” or “Siwon School”) at the maximum consideration of approximately US$135 million (approximately HK$1.05 billion). CFCG has recently been exploring and investing in high quality education projects, and optimizing the layout of its education business chain. Since the second half of 2016, the Group has increased its expansion into the international market by making agreements to cooperate with several international…
Manila, Philippines and Tokyo, Japan — JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the country. The new high-end credit card was formally unveiled at an exclusive gathering attended by BDO and JCBI executives, and members of the press at UMU Restaurant, Dusit Thani Manila. “The BDO JCB Platinum Credit Card offers a full suite of premier services, exclusive privileges and benefits custom-made for the discerning lifestyle and…
JAKARTA — The Association of Indonesian Automotive Industries (GAIKINDO) again presents the international automotive exhibition, the GAIKINDO Indonesia International Auto Show (GIIAS) 2017. Themed “Rise of the Future Mobility”, this year’s GIIAS will be held the 10-20 August at the Indonesia Convention Exhibition (ICE), BSD City, Tangerang, showcasing the initiatives GAIKINDO is taking to develop the Indonesian automotive industry in line with international markets. “GIIAS is in a series of international, world-class auto shows, and GAIKINDO is fully committed to showcasing the best automotive products for the community at GIIAS,” says Yohanes Nangoi, the GAIKINDO Chairman. “We want GIIAS to be…
Consortium of China IPPR and the World’s Top Design Company Tengbom Wins the Bidding HONG KONG — Recently, the tender for construction work of International Land Port Hospital Project Phase I co-established by Universal Medical Financial & Technical Advisory Services Co., Ltd. (“Universal Medical” or the “Company”; Stock Code: 2666.HK) and Xi’an Jiaotong University First Affiliated Hospital has been completed. After comprehensive review, the consortium of China IPPR International Engineering Co., Ltd. and Tengbomgruppen AB, a hospital designer from Sweden (the “Consortium”), won the bidding. It is reported that the bid evaluation committee consisted of 7 people, including one representative of…
– 1H17 revenues increased 18.5% yoy to Rp 1.3 trillion – Net profit increased 24.5% yoy to Rp 187.6 billion JAKARTA — PT Intiland Development Tbk [IDX: DILD] announces its financial performance for the first half of 2017. – 1H17 revenues increased 18.5% yoy to Rp 1.3 trillion The Company’s revenues increased to Rp 1.3 trillion in 1H17, a 18.5% increase from Rp 1.1 trillion in the same period last year, primarily as a consequence of higher revenue recognition from industrial estate segment as well as the increase of recurring income from the investment property segment. – Net profit increased 24.5%…
Transforms industry from ‘passive safety net’ to ‘proactive life saver’ LAS VEGAS, NV — Trillium Inc, a leading provider of automotive IoT cybersecurity solutions, today announced the launch of SecureSKYE, a data mining and analytics solution for the transportation industry, and enabler for monetization of data-driven innovations and applications for the insurance industry. SecureSKYE creates a comprehensive, dynamically updated profile of the car and its driver. By utilizing the platform’s data-mining and analytics capabilities, ‘safety-and-security’ applications and services such as geolocation-based emergency services, insurance tech solutions including ‘Usage-Based Insurance,’ ‘CyberSecurity-as-a-Service,’ ‘Forensics-as-a-Service’ and even preemptive vehicular maintenance are all made possible. “In-vehicle…
300,000+ participate in cultural events; spending per capita HK$812 HONG KONG — The 28th HKTDC Hong Kong Book Fair and the inaugural Hong Kong Sports and Leisure Expo concluded today. Organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong Book Fair attracted close to one million visitors despite a postponed opening on Sunday due to a typhoon. Apart from an extensive selection of books, the fair offered a wide range of cultural activities, including seminars with renowned writers and Art Gallery exhibitions. “Enthusiastic readers braved the elements to attend on Sunday,” said HKTDC Deputy…
*Co-located: Visitors with Hong Kong Book Fair tickets can also visit the Hong Kong Sports and Leisure Expo HONG KONG — The first Hong Kong Sports and Leisure Expo opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the HKTDC, the five-day expo (21-25 July) features about 90 exhibitors from Hong Kong, the Chinese mainland, Japan and Korea, showcasing a broad selection of sports and leisure products and services from around 130 brands. More than 40 on-site events are being held during the expo, providing a new shopping and leisure experience and a fun summer activity for…
Expand into the Field of Quality Kindergarten Education Services; Achieve Strong Synergy with the Toys Retailer Business HONG KONG — C.banner International Holdings Limited (“C.banner” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1028), the leading international integrated retailer and mid-to-premium footwear brand in China, today is pleased to announce that after trading hours on 21 July 2017, it has entered into an agreement with the Sellers to purchase 6,319,820 Sale Shares of EtonKids Educational Group Limited (“EtonKids Educational Group”) with a cash consideration of US$79,408,705 (equivalent to HK$ 619,761,120), representing 45.78% of the issued share capital of…
Name on Six Major Lists, namely “Most Honored Company”, “Best CEO”, “Best CFO”, “Best Investor Relations Professional”, “Best Investor Relations” and “Best Analyst Days” HONG KONG — China’s leading piped-gas operator China Gas Holdings Limited (“China Gas” or the “Group”; stock code: 384) announced that it has been named one of Asia’s “Most Honored Company” in “2017 All-Asia (ex-Japan) Executive Team Ranking” compiled by Institutional Investor, an authoritative publication for institutional investors in the US. The Group also won 5 awards in the Power category including “Best CEO”, “Best CFO”, “Best Investor Relations Professional”, “Best Investor Relations” and “Best Analyst Days”,…
Record-breaking Number of Exhibitors and 320+ Cultural Events HONG KONG — The 28th Hong Kong Book Fair opened today and will run through 25 July at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC), this year’s fair welcomes a record number of about 670 exhibitors from 37 countries and regions, showcasing a diverse selection of reading materials featured in 14 thematic zones, including the General Books Pavilion, English Avenue, International Cultural Village, Children’s Paradise and e-Books & e-Learning Resource. More than 320 cultural events are being held during the fair period, including…