Author: Marie Jones

Dominating racetracks and unleashing its racing DNA, TVS Motor Company, a reputed manufacturer of two and three-wheelers globally, along with India’s leading tyre maker, Apollo Tyres Ltd, set a new Indian National Speed Endurance Record on TVS Apache RR 310 motorcycle shod with Apollo Alpha H1 tyres. As part of the 24-hour speed endurance challenge, a milestone of 3,657.92 kms was achieved at NATRAX, Indore – Asia’s longest highspeed track, as certified by FMSCI. TVS Apache RR 310, the ultimate track weapon engineered by TVS racing is renowned for its exceptional power and agility. With a top speed of 173…

Facilitates In-depth Deployment in the PRC’s Electronic Cigarette Market, Fuels Diversified Business Development IBO Technology Company Limited (IBO Technology or the Company, together with its subsidiaries, the Group; HKG: 2708) is pleased to announce that the Group has entered into a letter of intent with Mr. Teng Da Cheng to invest in Shandong Xingang Electronic Technology Company Limited* (Xingang Electronics), strengthening the Group’s capabilities in the PRC’s electronic cigarette field and facilitating the Group’s in-depth deployment in the electronic cigarette market in the PRC. Mr. Teng Da Cheng is the largest shareholder of Xingang Electronics, holding 49.9% equity interest. Founded…

Nominations are now open for the 6th annual Media Savvy Awards, to find the best media spokespeople in Singapore, Malaysia and the GCC. Business leaders or their corporate communications or PR specialists can nominate for free across four categories: – Best Broadcast Interview – Best Online Interview – Best Hybrid Event Presentation – Best Sustainability Communications Go to the official nomination form at: www.mediasavvyawards.com (there is no charge to nominate, to enter, or to win the award). The deadline for nominations is September 15. This year’s judges are: – Keith Morrison, Director of Marketing & Communications at Black & Veatch and President,…

Chervon Holdings Limited (HKG: 2285) recently announced a strategic agreement with John Deere. This enables EGO branded battery products to be sold through John Deere dealers, and both parties will also collaborate on developing new products in the future. John Deere is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. With the technology-enabled products ( Autonomous 8R Tractor, See & Spray(TM), and E-Power Backhoe), John Deere helps meet the world’s increasing need for food, shelter, and infrastructure. Chervon, the parent company of EGO and a leading global player in the Battery-Powered Outdoor Power Equipment (OPE)…

Innovative solutions in art, education, healthtech, green tech and more The sixth edition of Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), came to a successful conclusion today. The judging panel at the in-person Final Pitching, held at the Hong Kong Convention and Exhibition Centre, selected 10 winning start-ups from 20 finalists. The My Favourite Start-up Award, decided through live polling of the audience, was awarded to Meat The Next, while the ESG Award went to Negawatt Technology in recognition of its sustainable and socially impactful business solution. The 10 winning teams will…

Think Business, Think Hong Kong showcases city as a premium business location and explores Hong Kong – Thailand collaboration opportunities The Hong Kong Trade Development Council (HKTDC) is taking its Think Business, Think Hong Kong (TBTHK) signature promotion event to Bangkok next week. The event will showcase Hong Kong as a resilient innovation hub where businesses from around the world can seize opportunities. TBTHK will run on 13-14 July at Centara Grand and Bangkok Convention Centre at CentralWorld, where the Hong Kong and Thai business communities will explore partnership opportunities through exhibition, seminars and networking activities. Mr Ronald Ho, Regional…

Accelerates Development of Electronic Cigarette Business in the PRC, Actively Diversifies Development of Hardware Business IBO Technology Company Limited (IBO Technology or the Company, together with its subsidiaries, the Group; HKG: 2708) announces the appointment of Mr. Zhong Zhi Xiong and Mr. Jin Zi as co-chief executive officer and independent non-executive Director respectively, with effect from 3 July 2023. Mr. Zhong Zhi Xiong has extensive industry knowledge and solid management experience in the electronic cigarette industry in the PRC, and he is also a top management talent in the relevant industry. He has been the general manager of Shenzhen CCMIC…

CleverTap, the all-in-one engagement platform, released its industry benchmark report for travel apps. In the rapidly evolving mobile apps landscape, staying ahead of the competition is crucial for marketers. Therefore, benchmarking performance has become imperative to stay ahead of competition. Travel app marketers will be able to boost conversions and drive higher app activity through the report’s insights. While 80% of travel app users that sign up, do so within 31 seconds, only 42% make a transaction within the first month. This is markedly lower than fintech’s 95% and foodtech’s 65% signup to conversion rate. Studies have found that users do not see travel…

On 2 July, Fosun International repaid US$700 million maturing offshore US dollar bond, marking a significant milestone in its debt management strategy, as Fosun has effectively repaid all concentrated maturing offshore bonds in the public market. According to public information, since the beginning of this year, Fosun has successively repaid a US$450 million bond in January, a US$1.2 billion syndicated loan in April, and a EUR350 million bond in May prior to the recent US$700 million bond repayment. In addition, Fosun has completed the repayment of RMB6.7 billion maturing onshore bonds in the public market. As a result, Fosun has…

Singapore, a thriving hub of technological advancements, is set to host the 42nd edition of World AI Show, organised by Trescon. This premier event is renowned for highlighting the latest trends and innovations in enterprise AI solutions, catering specifically to IT Heads and business leaders from enterprises and governments in the APAC region. With a focus on driving collaboration and fostering knowledge exchange, World AI Show – Singapore promises to unveil the future of AI and its various applications. World AI Show – Singapore will serve as a platform for global thought leaders, industry experts, AI enthusiasts and innovators to…

Survey reveals recovery momentum intact Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of this year. The current performance of “business confidence” eased to the 50 neutral mark while the expectations index remained in the expansionary territory (58.7), the second-highest reading in two years. The headline expectations index for credit also remained expansionary at 51.6, reflecting sanguine underlying growth expectations among companies in the region. Both expectations and credit indices point to further recovery in the third quarter. Resilient investment appetite The softer Q2…

Making Its Mainland China Distribution Business a Wholly Owned Subsidiary Nissin Foods Company Limited (Nissin Foods, together with its subsidiaries, the Group; HKG: 1475) completed today the acquisition of 19% equity interest in Hong Kong Eastpeak Limited (Hong Kong Eastpeak), which wholly owns Eastpeak Trading (Shanghai) Co., Ltd. (Shanghai Eastpeak), making the two companies officially its wholly-owned subsidiaries on 3 July 2023. Shanghai Eastpeak, which carries imported Japanese brand food and beverage products, is the distribution arm of the Group in Mainland China. Key brands it distributed include: Nissin, Demae Iccho, KAGOME, UCC and Akai Bohshi, etc., covering more than…

The most accurate GPS tracking for runners and an AI coach in the smartwatch Zepp Health Corporation (Zepp), a leading specialist in smart wearables and health technology, has officially launched its latest smartwatch, Amazfit Cheetah, in Malaysia. The Amazfit Cheetah series is specifically designed for runners, developed with industry-leading GPS technology that delivers unprecedented positioning accuracy. Mr. Wu Jin, General Manager, APAC of Amazfit Malaysia said, “We are taking a new direction with Amazfit Cheetah series and diverging from our multi-sport focus. We heard the global voices of users and their love for running for health and fitness benefits, or…

Commences Chip Manufacturing Business Actively Diversifies Development of Hardware Business IBO Technology Company Limited (IBO Technology or the Company, together with its subsidiaries, the Group; HKG: 2708) announces the audited consolidated annual results for the year ended 31 March 2023 (the Year). The Group has been actively diversifying the development of its hardware business and announced the commencement of chip manufacturing business in May this year. This business is expected to complement the Group’s three major businesses, namely 5G (communication equipment and private network solutions), Information Technology Application Innovation (ITAI) IT (terminal products and industry solutions) and Internet of Things…

SMI Vantage Limited, a company listed on the mainboard of the SGX, recently announced that the Company entered into a sales and purchase agreement (“the Agreement”) with Michael Hadley and his partners, on the acquisition of a 51% stake in Provino Logistics Pte Ltd (“The Target”). The Target’s business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services (“Business”). It uses a world class proprietary Warehouse Management System making the company a leader in the use of such technologies.…

Exito Media Concepts unveiled the DT 100, a magazine which commemorates the extraordinary accomplishments of technology leaders in the UAE at the Digital Transformation Summit which took place on the 14-15 of June 2023 at the Ritz Carlton, Dubai International, Financial Centre. DT 100 recognises individuals who have made outstanding contributions to the advancement of technology in the region. Here is the esteemed DT100 list: Veneeth Purushotaman – Group Chief Information Officer, Aster DM healthcare Srinivasan Sampath – Acting Chief Technology Officer, First Abu Dhabi Bank Abdalla Al Ali – Director IT and Innovation, DMCC Authority Aiman Othman – IT Director, Union Coop Sebastian T. Samuel – Chief Information Officer, AW Rostamani…

To issue 79.66 million new shares 18 years of track record in serving US shipments Served 1,357 customers in 2022 Cash and cash equivalents stood at RM29.5 mil as at 31 March 2023 KGW Group Berhad, a provider of logistics services including ocean freight services, air freight services and freight forwarding services as well as warehousing and distribution of healthcare-related products and devices, today launched the Group’s prospectus for the upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad. The IPO will raise RM16.73 million via the issuance of 79.66 million new shares at the…

Serving Patients and the General Public with High-quality Testing Services and Being a Trusted and Reliable Partner ADICON Holdings Limited (ADICON or Company, HKG: 9860), one of the top three independent clinical laboratory (ICL) service providers in China in terms of total revenues during the three years ended 31 December 2020, 2021 and 2022, according to Frost & Sullivan, successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK) today with a board lot size of 500 shares. Morgan Stanley Asia Limited and Jefferies Hong Kong Limited are the Joint Sponsors, Overall…

Pioneering Innovations in the Fight Against Cancer Cure Brain Cancer Foundation (CBCF) is pleased to announce the highly anticipated recipients of this year’s prestigious Early Career Fellowships. This unrivaled funding opportunity is set to empower researchers, propelling them closer to breakthrough discoveries in the battle against brain cancer. Designed to fuel cutting-edge research initiatives, CBCF research grants are championing advancements that hold the potential to revolutionize survival outcomes for individuals challenged by this formidable disease. From project grants to life-changing fellowships, this comprehensive program undertakes an unwavering commitment to addressing the urgent needs of the brain cancer community. This round…

Excellence in design, quality, Taiwanese R&D, manufacturing and innovation. These attributes of Taiwan Excellence were on full display at the Asia Tech x Singapore (AT x SG) event from 6 to 9 June. The show, which concluded today, saw an array of award-winning technologies in the fields of 5G and smart telecom, security and solutions for enterprises and Artificial intelligence of things (AIoT) smart applications from 15 Taiwanese tech brands showcased to over 17,000 attendees from across the globe. These leading Taiwanese companies including AIFA, Nilvana, PanelSemi, PLANET, MSi, TPI Software, and Z-Com came together for the first time at…