HONG KONG — Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Group”) (Stock code: 976), is pleased to provide business development update after its completion of the acquisition of Scholz Holding GmbH (the “Very Substantial Acquisition”) in December 2016. Before the Very Substantial Acquisition, Scholz Holding GmbH and its subsidiaries (the “Scholz Group”) was significantly over-leveraged and therefore its equity value was negative. Following a series of the restructuring steps with respect to its financial situation and the significant deleveraging measures carried out by the Group, the performance of Scholz Group has improved since January 2017 which has led to an increase in…
Author: Marie Jones
Confident of Achieving THB 4,000m Revenue Target, Sustained Growths in 2017/18 BANGKOK — VGI Global Media PCL (SET:VGI), operator of a data centric media hypermarket, announced its operating results for 2016/17, highlighting a 30% YoY rise in revenue, achieved amid shrinking media spending. It attributed the success to the healthy growth in the OOH segment and the recognition of revenue from the acquisition of Rabbit Group companies. In view of a forecasted improvement in media spending this year, its management seek to grow the revenue for 2017/18 to THB 4,000 million. Mr. Marut Arthakaivalvatee, Vice Chairman of VGI, operator of a…
Huawei receives awards for Outstanding Contribution to Enabling Improved Customer Centricity and Open Digital Ecosystem Platform of the Year NICE, FRANCE — Huawei is the winner of two TM Forum Excellence Awards, in recognition of the exceptional transformation projects that the company, in partnership with its customers, has delivered over the past 12 months. TM Forum announced the Excellence Award winners at its flagship TM Forum Live! 2017 conference in Nice, France, during the Excellence Awards Gala dinner on Monday, May 15th, at the prestigious Palais de la Mediterranee. TM Forum also highlighted the winners during the opening keynote session on…
– Share Offer of 128,300,000 Shares at an Offering Price between HK$0.68 and HK$0.88 per Share – To Raise a Total of Approximately HK$73.4 million HONG KONG — VBG International Holdings Limited, one of the leading financial services providers in Hong Kong, has announced the details of its proposed listing on the Growth Enterprise Market (the “GEM”) of the Stock Exchange of Hong Kong Limited (the “SEHK”). VBG International intends to issue a total of 128,300,000 shares, of which 90%, or 115,470,000 Shares are offered under the Placing (subject to reallocation), and the remaining 10%, or 12,830,000 Shares are offered under…
JAKARTA — The Directors of PT Wintermar Offshore Marine (WINS) are pleased to announce that a number of companies within the WINS group have completed loan rescheduling agreements with key lenders. Loan periods and Principal repayments have been amended to more closely align these debt service obligations with cash generated. The Group considered this process necessary in view of the lower outlook on vessel utilization and charter rates following the sustained impact of lower oil prices globally and the reduction in spending by its major clients in the oil and gas extraction industry. Amendments to outstanding bank debt of US$ 71.4…
– To Reduce Transformation Risk and Accelerate Value Capture for Communications Service Providers – Huawei and Infosys sign Alliance Memorandum of Understanding focused on joint BSS solutions NICE, FRANCE — Huawei today announced the expansion of their Telco OS Partner Program to stimulate joint go-to-market approaches and solutions with Service (SI) partners. As part of this initiative, the company also announced that it has signed an Alliance Memorandum of Understanding with Infosys to explore joint solutions in the Business Support Systems (BSS) domain. This announcement was made at the TM Forum Live!2017, where both companies are participating. The Huawei Telco OS…
Ever-popular Geylang Serai Bazaar to return with over 1,000 stalls SINGAPORE — The annual Hari Raya Light Up 2017 in Singapore will return to Geylang Serai from 20 May to 7 July 2017, to delight local and international visitors with a visual extravaganza comprising over 900,000 LED light bulbs, and a month-long shopping fiesta. Themed “Deepening the kampung spirit”, the annual event will feature new larger-than-life installations fashioned after traditional Malay icons, and educational displays about Malay arts and culture. The ever-popular bazaar will also return with a wide array of food, snacks, and traditional Malay costumes and accessories. These will…
NANJING, CHINA — A future where faecal transplants in China will cure conditions like autism, IBD, arthritis, Parkinson’s disease and even MS was presented by global Faecal Microbiota Transplantation (FMT) leader Professor Thomas Borody (MD, PhD) in his keynote presentation on non Clostridium difficile conditions, to open the international China Microbiota Transplantation Conference in Nanjing (April 12-14, 2017). Professor Borody, the Founder and Medical Director of the Centre for Digestive Diseases (CDD) in Sydney, Australia said many diseases have a unique microbiome profile which can be progressively changed to a normal profile with FMT treatment. At the state-of-the-art CDD facility, Prof.…
BANGKOK — Fast-growing SET-listed digital finance firm Group Lease PCL (“GL”; SET: GL) has reported impressive Q1 profits of 327.36 million baht, up 47.35% from the same period last year, on the back of improved performance in Thailand and most of the other regional markets in which the group operates. This Q1 profit represents a new record high for the tenth consecutive quarter, up from the 324.40 million baht net profit in the last quarter of 2016. In an official filing with the Stock Exchange of Thailand (SET) today (May 15), the company also disclosed that GL Holdings (GLH, a wholly-owned…
New Opportunities for Infrastructure Collaboration under Belt and Road HONG KONG — A Hong Kong-Shanghai joint infrastructure investment delegation visited Thailand and Vietnam this week to discuss cooperation and investment opportunities driven by growing intra-regional cooperation in Asia, especially under the Belt and Road Initiative. The delegation, organised by the Hong Kong Trade Development Council (HKTDC) in association with the Hong Kong and Macao Affairs Office of the Shanghai Municipal People’s Government, comprised some 40 investors and services professionals from Hong Kong and Shanghai. The delegates included those with interest and expertise in finance, consultancy, architecture, energy, waste and water treatment,…
Cellulose nanofibers can help particles in ink and printed electronics disperse evenly, rather than spread apart like dried coffee rings. Tsukuba, Japan — Drying is an important part of printing words and electronics. Particles suspended in liquid are applied to a surface and the liquid evaporates leaving the particles behind. Many times, the particles dry unevenly because of the so-called ‘coffee ring effect’. Much like when spilled coffee dries up and leaves behind a hollow ring, particles tend to move to the outside of the liquid droplet. This is a problem, particularly for printed electronics, which require uniform application of a…
Driven by Strong Non-acoustic and Dynamic components, up 225% and 14% respectively YoY HONG KONG — AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company”, Stock code: 02018) has today announced its unaudited results for the three months ended 31 March 2017, reporting revenue of RMB4,215 million and net profit of RMB1,062 million. For details, please refer to the Results Announcement which has been published on the website of HKEx and the Company. 2017 First Quarter Highlights (unaudited): – Most profitable Q1 in the Company’s history; – Revenue up 66% year-on-year with strong growth across core business lines; – RF Mechanical…
Revenue and Profit Attributable to Equity Holders Increased YoY 30.3% and 22.5% Respectively; The sales of own brands infant formula continue to grow; The sales of goat milk-based infant formula recorded new highs 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 announced its unaudited consolidated first quarter results for the three months…
Strives to Acquire Potential New Energy Enterprise to Consolidate the Group’s Strengths HONG KONG — Northern New Energy Holdings Limited (“Northern New Energy” / the “Group;” stock code: 8246) has today announced its first quarter results for the three months ended 31 March 2017. Building on the strong momentum gathered in 2016, the Group continued to take New Energy Business as its development focus in the first quarter of 2017 and made satisfactory progress. New Energy Business recorded a notable increase in revenue, rose by 25% comparing to the corresponding period of last year and becomes its major source of profit…
By Finet News Service, all rights reserved. HONG KONG — After its 17.46% and 14.87% rise on 4 May and 5 May 2017 respectively, Fullshare (00607-HK) started trade on 8 May 2017 with a further increase of 2% to HK$3.46. Since its resumption on 4 May, the stock price of the company skyrocketed 37.3% within just three trading days. As a result, after borrowing 950 million shares at a selling cost of HK$3, short-sellers have already lost HK$437 million based on today’s opening price of HK$3.46, even without taking the interest rate into account. Fullshare decided to buy-back its shares in…
By Finet News Service, all rights reserved. HONG KONG — Short-sellers have been terrorising the Hong Kong capital markets for years with private enterprises facing short-selling attacks that caused their stock prices to plummet. Among them, Tech Pro (03823-HK) experienced a horrific 90% drop in its stock price after the release of a short selling report; and Fullshare (00607-HK) had to apply for a suspension after an attack from Glaucus which caused its price to drop 12%. As their name implies, short-sellers are in the business of digging up dirt on listed companies, and then profiting from their price drop caused…
International Energy Group achieves net profit of US$1.8 million for first nine months of FY2017, reversing loss of US$0.2 million a year earlier SINGAPORE — New Silkroutes Group Limited (“NSG” or the “Group”) has raised its revenue forecast for oil trading by 29% to US$400 million for its current financial year ending 30 June 2017 (“FY2017”), following another quarter of strong performance by its wholly-owned International Energy Group Pte Ltd (“IEG”). Summary of Results: http://bit.ly/2qlDZRL The last time NSG had annual revenue of at least US$400 million was 14 years ago in FY2003, when it was distributing consumer IT products across…
China Animation’s “World-leading Theme Park” Presents New Experience, New Entertainment and New Culture and Creativity Zhenzhen — China Animation Characters Company Limited (“China Animation” or “the Group;” stock code: 1566.HK), a leading multimedia animation enterprise, announced that the Sub-venue of the 13th China (Shenzhen) International Cultural Industries Fair (“ICIF”) at the Longgong China Animation Creative Industry Park (“China Animation Industry Park”) is open from 3 p.m. today to 15 May. The Sub-venue event is presented as a “World-leading Theme Park that presents New Experience, New Entertainment and New Culture and Creativity”. The theme park has three major feature areas, namely CA…
TOKYO — Tokyo Electric Power Company Holdings, Inc. announced today that it has joined forces with Centrica plc, Elia, Engie, Royal Dutch Shell plc, Sempra Energy, SP Group, Statoil ASA, Stedin, and TWL (Technical Works Ludwigshafen AG) to support the Energy Web Foundation (EWF), a non-profit organization whose mission is to accelerate the commercial deployment of blockchain technology in the energy sector. This support provides EWF with a first round of funding amounting to $2.5 million. EWF is a partnership between the Rocky Mountain Institute, an independent, U.S.-based nonprofit organization focused on driving the efficient and restorative use of resources, and…
HONG KONG — On 2 May 2017, Fullshare (607.HK) issued an announcement regarding a research report published by Glaucus Research Group, and plans for the resumption in trading. Fullshare pointed out that the short selling research organisation made ‘misleading and groundless’ allegations in an attempt to profit from the drop in their share price, and provided evidence to debunk the allegations. At the same time, it announced a share repurchase plan of its own with a budget of RMB 4 billion. When trading resumed on 4 May, the price of Fullshare jumped 15%. Glaucus decided to issue a second report on…