Legend Capital’s portfolio company Xbiome Inc., an industry-leading and AI-driven microbiome therapeutics company, recently announced that it acquired the clinical-stage M201 program from Assembly Biosciences, Inc., a clinical-stage biotechnology company developing innovative therapeutics targeting hepatitis B virus and other viral diseases. Founded in 2017, Xbiome is an industry-leading and AI-driven microbiome therapeutics company focusing on tackling unmet medical needs through various modalities of microbiome therapeutics. The acquisition has reflected Xbiome’s leading position in the rising field of microbiome therapeutics and has added a third clinical-stage program to Xbiome’s rapidly growing pipeline. The M201 program is designed for patients with mild…
Author: Marie Jones
Legend Capital’s portfolio company Lunit, a Korean Medical AI company, recently announced a preliminary approval from the Korea Exchange for initial public offering (IPO) on the KOSDAQ market, and it plans to submit a registration statement within the second quarter of 2022. Founded in 2013, Lunit is a company with the world’s top-notch AI technology focusing on R&D of medical software to assist tumor diagnosis and treatment. It utilizes advanced AI technology to process medical image data, which helps doctors to make accurate clinical decisions in diagnosis and treatment. Lunit’s flagship products are Lunit INSIGHT, an AI image analysis solution…
Singapore’s homegrown electricity retailer Union Power Pte Ltd (Union Power) has been appointed as distribution partner for a proposed US$5 billion project promoted by Anantara Energy Holdings Pte Ltd (Anantara) to generate renewable energy in Indonesia and export up to 4 TWh of it to the city state. Anantara’s project involves generating up to 3.5 GW of solar photovoltaic (PV) energy from a 4,000-hectare site in the Riau Islands and a battery capable of storing up to 12 GWh – one of the largest in the world – before being connected to Singapore via an undersea cable. The electricity import…
Venturi Partners, a Singapore-based investment platform that empowers audacious brands in India and Southeast Asia, announced today that its maiden fund has hit its final close of USD 175 million. The firm may, however, increase the quantum of the fund with demand for investments going up. Founded by veteran consumer investor Nicholas Cator, the investment platform’s expertise lies in identifying and supporting Asian high-growth consumer companies with an online or offline presence in sectors ranging from FMCG to education and healthcare services. The Venturi team has, in their previous roles, invested and supported a variety of consumer brands such as…
Apollo Future Mobility Group Limited (AFMG, the Company, HKG: 860, together with subsidiaries, the Group) announces the appointment of Mr. Wilfried Porth, who had been a member of the Board of Management of Daimler AG (Mercedes-Benz) from 2009 to 2021, as a non-executive director with effect from 1 May 2022. Having served in various positions and different markets in the automotive industry for over 36 years, Mr. Porth will bring to the Group invaluable experience and industry insights. Mr. Porth has extensive international management experience in Europe, Asia, the Americas and Africa, with wide-ranging functional expertise in production, research and…
Rubber processor’s IPO involves up to 160.87 million shares for balloting and private placement Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber (SMR) and premium grade block rubber, via its subsidiaries, is pleased to announce that the Company has, in the month of April 2022, obtained the approval of the Securities Commission Malaysia (SC) to list on the Main Market of Bursa Malaysia Securities Berhad. With history tracing back to 1986, Seng Fong is principally involved in the processing of Standard Malaysia Rubber (SMR) and premium grade block rubber as well as trading in block…
Datuk Seri Mazlan Lazim and En. Azri Azerai to leave the board effective 25 April 2022 Caely Holdings BHD, a leading domestic producer of women’s intimate apparel, announced that Independent Non-Executive Chairman, Datuk Seri Mazlan Lazim, and En. Azri Azerai, an Independent Non-Executive Director of the Group, has resigned effective 25 April 2022 from the board of directors. Caely Independent Non-Executive Chairman, Datuk Seri Mazlan Lazim said, “I would like to thank the board for welcoming me and giving me the opportunity to serve the Group. I am honoured to have helmed the board and worked beside my fellow directors.…
The parties reiterate their commitment to jointly explore and collaborate on large-scale AI & IT projects in Malaysia G3 Global Berhad (G3 or the Company), a developer of artificial intelligence (AI) and other information technology (IT) – based solutions for various industries, remains committed to the vision of the Memorandum of Understanding (MoU) with SenseTime Group Ltd (SenseTime) and China Harbour Engineering Company Ltd (CHEC) for the development of an AI Park. The MoU, which was signed on 26 April 2019, expires today. Managing Director of G3, Mr. Dirk Quinten, said, “G3 will continue to focus on its AI and…
Supporters across the Asia-Pacific region started volunteering over the weekend on Habitat for Humanity sites in their home countries to mark the culmination of its 2022 Young Leaders Build campaign. This marks the first time the housing nonprofit hosted in-person youth volunteers in its build sites since the coronavirus pandemic began. “Over the last two years, the youth responded creatively as the health and economic fallouts due to the global pandemic took a toll on everyone. Working virtually with Habitat for Humanity, they helped vulnerable families and communities to stay safe in decent shelter. We are excited to welcome young…
American Premium Water Corporation (OTC:HIPH) (APW) is pleased to announce that its Board of Directors has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (CloudX), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (CloudX SG), to diversify the Company’s earnings. The purchase price of the transaction will be at a consideration of US$45.6 million, which reflects a projected price-to-earnings ratio of 30. To fund the acquisition, the Company will issue restricted common shares of equivalent value to Mr Chan Heng Fai, Ambrose (Seller), the sole shareholder of CloudX. CloudX…
Flexibly Adjusts Business Strategies Keeps Diversifying Products Janco Holdings Limited (Janco or the Group; HKG: 8035), a one-stop freight forwarding and logistics service provider founded and based in Hong Kong with a strategic focus on Asia, announced its 2021 audited annual results for the year ended 31 December 2021 (Year under Review). During the Year under Review, the Group’s total revenue amounted to approximately HK$569.0 million, representing a year-on-year increase of 16.7%. Profit attributable to shareholders of the Group amounted to HK$17.3 million, a 54.5% surge relative to the same period last year. Gross profit increased by 18.5% to approximately…
The crowdsourcing DAO Vetter.ai is proud to announce the release of its dApp with tools for informed investment decisions. In the blockchain industry where things change in a matter of minutes and research is time-consuming, getting the right information in the right time can result in a successful investment opportunity. Vetter CrowdX Calendar – just one of the many dApps set to roll out this year – collates information, the main asset in the digitization era, and filters it using the Intuitive Oracle feature to customize preferences based on personal objectives. It serves as a research hub for cryptocurrency presales,…
#FIGHTFORWHATCOUNTS By Michael Joos, CEO, Vestergaard World Malaria Day provides us with a moment to reflect on the scale of the challenge we still face – and recognise what needs to happen to fix it. Make no mistake, great strides have been made. El Salvador and China were certified malaria free in 2021. However, most countries with a high burden of the disease have suffered setback and are losing ground. How can we be satisfied, when 627,000 people died in 2021, from what is a curable disease? More than two thirds of those deaths were among children under the age…
Shanghai Langsheng Biotechnology Co., Ltd., a subsidiary of Legend Capital’s co-founded company Innostellar Biotherapeutics, announced that the clinical trial application of its product LX101 injection for the treatment of patients with Rpe65 biallelic mutation-associated inherited retinal degenerations (IRD) was approved by the Center for Drug Evaluation (CDE) of the National Medical Products Administration of China. Founded in 2020, Innostellar Biotherapeutics is a biopharmaceutical startup company focusing on gene therapy for innovative drug discovery, manufacture, and commercialization. Its core team consists of scientists and professionals from world-renowned institutions and biopharmaceutical companies. Since its establishment, Innostellar Biotherapeutics has been working closely with…
The B20 ESC (Energy, Sustainability & Climate) Task Force held the 3rd ESC Task Force Online Meeting on Tuesday to discuss Policy Action that will be recommended at the upcoming G20, as noted in a release issued by PT Pertamina on Friday. The B20, or Business 20, is a G20 outreach group that represents the international business community. The B20 ESG Task Force, led by Pertamina, the largest Energy SOE (State-Owned Enterprise) in Indonesia, and Pertamina President Director & CEO Nicke Widyawati, the ESC Task Force Chair, continues to update policy design and policy action, calling for efforts to maintain…
Uno Re (http://unore.io/), a decentralized insurance platform, launched its Cover Portal on April 23, 2022. Accessible through Uno Re’s dApp, the Cover Portal addresses an underemphasized need in DeFi space: easy access to insurance. For the first time, DeFi users can insure their crypto-assets in a few simple steps thanks to Cover Portal’s clear and simple UI. The danger of hacker attacks keeps growing within the DeFi space (case study: https://bit.ly/3jYokl7) causing drastic losses for users and protocols alike. The total sum lost to hacks in the first quarter Q1 2022 is up 695% from Q1 2021 losses. With both the…
Aluminum Corporation of China Limited (the Company; NYSE: ACH; HKG: 2600; SHA: 601600) announces that the Company’s annual report for the 2021 fiscal year filed with the SEC on April 22, 2022 can be accessed via the following link: http://www.chalco.com.cn/en/report/2021/202204/t20220421_93456.html A hard copy of the Company’s complete annual report will be provided to any shareholder without charge upon written request to Aluminum Corporation of China Limited at No. 62 North Xizhimen Street, Haidian District, Beijing, PRC 100082. Background information: Aluminum Corporation of China Limited is a leading enterprise in non-ferrous metal industry in China. The scope of business of the…
Beyond Imagination, Inc. is building humanoid robots to solve the world’s labor crisis by expanding access to jobs around the globe. This week, the Beomni robot will appear at Explorers Club Headquarters and at the annual dinner on Saturday April 23rd in New York City. At the same time, across the country in Beverly Hills, CA, attendees at the Abundance360 Annual Summit will be able to remotely pilot the robot from 2,800 miles away. Beomni is the world’s most sophisticated general-purpose humanoid robot, capable of performing an almost unlimited number of tasks. Beomni’s AI Brain learns from its human pilots…
Amidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry. Taking cue from the above developments, all the while trying to support the Big Data Analytics organizations in the region, Tradepass hosted BYTES for the first time in ASEAN, virtually on 12 – 13 April 2022. “While explaining the massive growth in data, Karthikeyan Rajasekharan (Senior Director, Data and AI Solution, Sales – APAC, Microsoft APAC) mentioned, “As we went through that journey,…
As companies are emerging stronger from the Covid-19 pandemic, the need is to adapt to the changes in their business functions caused by a once-in-a-lifetime crisis. The way a company interacts with its clients has undergone substantial transformation leading them to seek innovations that can adapt to the current scenario. World CX Summit is an In-Person event taking place at Taj Lands End in Mumbai on 27 April 2022. The summit is hosting top Indian CX leaders and global experts, to explore the latest trends and address the most pressing challenges in the current CX ecosystem. Alongside World CX Summit,…