HONG KONG — VBG International Holdings Limited (Stock code: 8365), one of the leading financial services providers in Hong Kong, commenced dealing on the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (“HKSE”) today. Ms. Letty Wan, Chairperson and Executive Director of VBG International, said, “The listing of VBG International on HKSE today marks a memorable milestone for us. We are pleased to see the recognition of the Group’s potential by investors. We believe that the successful listing will not only enhance the capital base of VBG International, but also provide a good platform to strengthen our…
Author: Marie Jones
HONG KONG — One of China’s top 40 real estate enterprises, Yuzhou Properties Company Limited (“Yuzhou Properties” or the “Company”, together with its subsidiaries referred to as the “Group”; stock code: 01628.HK), is pleased to announce that “2017 China Real Estate Listed Companies Evaluation Results Conference and Listed Real Estate Enterprises Summit” was held in Hong Kong. The Summit was organized by China Real Estate Association and China Real Estate Appraisal. Yuzhou Properties once again ranked the 36th in “2017 Best 50 China Real Estate Listed Companies with Strongest Comprehensive Strengths” and the 2nd in “2017 Best 5 China Real Estate…
Moscow, Russia and Tokyo, Japan — JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the signing of a license agreement with Sberbank of Russia, the largest bank in Russia, the Commonwealth of Independent States (CIS) and Central and Eastern Europe. Sberbank agreed to start accepting JCB cards on the Sberbank nationwide POS terminal network in 2018. Sberbank has the largest POS terminal network in the country. JCBI started card issuing business with several local banks in Russia in 2015 and the cardmember base has been expanding. The partnership with Sberbank of Russia will ensure that…
Share Price Fixed at HK$0.68 per share HONG KONG — VBG International Holdings Limited (“VBG International” or “the Company”), one of the leading financial services providers in Hong Kong, today announced its share offering allotment results. The shares offered under the placing were over-subscribed and the public offer also recorded over-subscription by approximately 12 times. The share price has been fixed at HK$0.68 per share. In order to achieve an open market and an adequate spread of Shareholders, the Board has resolved to reallocate all the Offer Shares initially offered under the Placing, namely 115,470,000 Shares, to the Public Offer for…
– Highlighting the value of health insurance through a child’s perspective – Cigna HealthFirst Elite Medical Plan provides solutions and support throughout life’s journey HONG KONG — Cigna has recently launched its 2017 Brand Campaign in Hong Kong to raise brand awareness and reinforce Cigna’s mission of improving people’s health, well-being and sense of security. Themed ‘That’s how health insurance should be’, the campaign challenges common perceptions about what health insurance can deliver and demonstrates how Cigna can provide additional value above and beyond paying medical bills through a child’s perspective. Featuring spontaneous reactions of children when asked what they would…
HONG KONG — The School of Chinese Medicine (SCM) of Hong Kong Baptist University (HKBU) is conducting a space life science study aboard China’s first cargo spacecraft, Tianzhou-1, which was launched last month. HKBU is the only institution of higher education outside the Mainland to conduct scientific research aboard the Tianzhou 1. The HKBU team is studying effects of the CKIP-1 gene on bone formation in the microgravity condition on board the Tianzhou 1 in space. In microgravity, bone loss occurs several times faster than on Earth, posing a serious health threat to astronauts, who therefore cannot stay in space for…
SINGAPORE — CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is pleased to announce the appointment of Mr. Simon Lim as the General Manager, Enterprise Sales for Singapore. Mr. Lim will be responsible for developing our sales strategies and operations for Enterprises customers and Key accounts channels as well as our diversification strategy, in the South Asia area. “Simon has proven inspirational leadership and extensive experience in sales and business development across various industry sectors. With his deep knowledge of the ICT Market in Singapore, we are confident that he…
Online Games Continue to Expand while Cloud Services Achieve Rapid Growth HONG KONG — Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2017. During the period under review, the revenue of Kingsoft increased 82% year-over-year to RMB1,213.4 million. Revenue from the online games, cloud services, and office software and services and others represented 67%, 22% and 11%, respectively, of total revenue. Gross profit increased by 48% year-over-year to RMB703.9 million. Operating profit increased 141% year-over-year to RMB265.2…
Continuing strategic acquisitions and taking internationalisation one step further 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, engaging in the production and distribution of all dairy products (including infant formula) and nutrition products, is pleased to announce that on 23rd May 2017 (before trading hours), Ausnutrition Care Pty Ltd. (“Ausnutrition Care”), an indirect wholly-owned subsidiary of the Company, and ADP Group Ltd. entered into the Australian Dairy Park Pty Ltd (“ADP”) SPD,…
HONG KONG — At 24 March 2017, the Big Data Report of Trade Cooperation under the Belt and Road Initiative 2017 released. According to the figures, It was reported that the total trade volume between China and the along countries in 2016 about 953.59 billion US dollars, around 25.7% of the total trade volume of China. The export from China to the along countries increased steadily since 2011. In 2016, the export volume from China to along countries is about 587.48 billion US dollars and reached a high level in the recent years. Among which, Kyrgyzstan, Hungary, Romania, Cambodia and other…
– Nobel Prize nominee Daryl Thompson to lead research, conducted by Global BioLife Inc., supported by Charles River Laboratories – Six month target for validating lab data, twelve month target for completion of platform SINGAPORE — Singapore eDevelopment Ltd (“SeD”), through subsidiary Global BioLife Inc. (“Global BioLife”), has initiated advanced research on a new universal therapeutic drug platform known as Linebacker, to combat a range of diseases including Alzheimer’s, diabetes and cancer. The research will be led by two-time Nobel Prize nominee Mr Daryl Thompson. SGX-listed SeD (SP:SGE) said Mr Thompson would leverage his expertise in organic and carbohydrate chemistry and…
SYDNEY, AU. — Faecal Microbiota Transplantation (FMT) leader Professor Thomas Borody (MD, PhD) has called for a national faecal bank to fight drug resistant and epidemic diseases in hospitals and clinics across the country. Professor Borody, the Founder and Medical Director of the Centre for Digestive Diseases (CDD) in Sydney was the first in Australia to perform FMT, and he set up the world’s first faecal bank in 1988. Since then CDD has carried out more than 12,000 FMT’s and he has trained physicians from around the world in FMT techniques. Now many countries have their own national FMT banks, including…
Acer, ASUS, Advantech, Planet and VIVOTEK to lead the showcase of technologies and innovation around AI, green energy and smart cities, and IoT SINGAPORE — This year marks the debut participation of the Taiwan Excellence Pavilion at CommunicAsia 2017. Companies like Acer, Advantech, ASUS, Planet and VIVOTEK, and 14 Taiwan Excellence Award winning brands will be showcasing their latest technologies and innovations in the areas of artificial intelligence, green energy and smart cities, and the Internet of Things (IoT) at the upcoming three-day exhibition slated 23-25 May, at the Marina Bay Sands, BQ2-01, B2. According to Taiwan External Trade Development Council…
Among three outstanding awardees in food industry HONG KONG — Tianyun International Holdings Limited (“Tianyun International”, together with its subsidiaries, the “Group”) (Stock code: 6836.HK), a leading seller and manufacturer of processed fruits products in China, is pleased to announce that the Group was awarded “2017 China’s Most Promising Listed Companies” by Forbes China, and is the only fast-growing enterprise in the Chinese processed fruits market receiving the honor. 2017 Forbes China Most Promising Listed Companies awards are given to the shortlisted 100 most promising listed companies in China, US and Hong Kong, with turnover in 2015 amounting RMB10 million to…
JAKARTA, INDONESIA — Wintermar Offshore Marine (WINS) Shareholders have approved the proposal to issue 400 million new shares without pre-emptive rights. In compliance with OJK regulations, the minimum price for the placement will be IDR258.48 and the approval is valid for a period of two years from 18 May 2017 to 18 May 2019. The placement of shares will provide the WINS Group with access to funding during the next two years. Cash raised from the fund raising will be used to reduce debt, provide working capital and funding for business development. With the increase in equity, the capital structure of…
More than 10,700 Buyers Visited the Fair, Up 7% over Last Year HONG KONG — The eighth HKTDC Hong Kong International Medical Devices and Supplies Fair concluded its three-day run today. Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA), the fair welcomed more than 10,700 buyers from 62 countries and regions, up 7 per cent over the previous year. Fair Video: https://youtu.be/vXsBp23PASw “With the ageing population and advancement in medical technologies, there is immense growth potential in the medical supplies and products market,” said HKTDC Deputy Executive…
Selangor, Malaysia – A group of researchers in Malaysia found that more equitable income distribution is resulting in better environmental quality in Thailand and Indonesia. However, in Malaysia, it has the opposite effect, while the two factors are unrelated in the Philippines. The research team, led by Abdul Rahim Ridzuan, an economist at Universiti Teknologi MARA, analysed the effects of income inequality, economic growth, trade openness, domestic investment and energy consumption on carbon dioxide emissions in four South-East Asian countries from 1971 to 2013. They determined the importance of each factor using an analysis tool called an autoregressive distributed lag…
JAKARTA — The Indonesian National Agency of Search and Relief (NASR, formerly BASARNAS) supports Indonesia’s growing tourism development by proactively ensuring safety and security across the country’s abundance of tourist destinations, with measures of prevention as well as alleviation. Indonesia is an archipelagic country blessed with many unique resources, and a beautiful natural wealth spanning phenomenal panoramas, god-given coral reefs, and exotic flora and fauna, abundantly covering the country from Sabang to Merauke. It is no wonder that tens of millions of international tourists flock to this country every year. Currently, Indonesia’s tourism sector accounts for approximately four percent of the…
New Pavilions Present the Latest Equipment and Technology; Held Concurrently with Hospital Authority Convention HONG KONG — The eighth HKTDC Hong Kong International Medical Devices and Supplies Fair opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA), the three-day fair (16-18 May) showcases the latest medical equipment, technology and related services, providing a one-stop business platform for the medical industry. This year’s Medical Fair welcomes a record 270 exhibitors from 14 countries and regions. The HKTDC has…
Provides Global Services as a Professional IT Service Partner Firmly Rooted in Hong Kong HONG KONG — Automated Systems Holdings Limited (“ASL” or “the Group”) (HKG: 771), a trustworthy and professional information technology (“IT”) partner in the region, has held “Innovation Journey on Solid Foundation” celebrating ASL’s 20th Listing Anniversary cum Joining of Grid Dynamics International, Inc. (“Grid Dynamics”) at The Ritz Carlton in Hong Kong today. Guests from different sectors of society attended the event to witness this important historical moment. The Group has also taken this opportunity to express its gratitude to all business partners and different sectors of…