Author: Marie Jones

Recent concerns surrounding the debt-laden property developer have crippled all sectors of the China real estate market. Under the superposition of the new normal – COVID-19 pandemic, China’s “14th Five-Year Plan” & “Three Red Lines” policy, and double concentration – China’s real estate market is undergoing one of the most extensive reforms over the past two decades. The market is overly worried about the possible collapse of the debt-laden property developer and its potential impacts, and negative market sentiment drove Broad Homes’ valuation to hit bottoms. Broad Homes’ management commented: “The Company does not have back-to-back contracts and direct accounts…

Mitrade Holding Ltd, a financial technology company offering Forex and OTC derivatives online trading, has been crowned Best Forex Fintech Broker Asia for 2021. This award is under the Global Forex Awards and is presented by Holiston Media, a leading provider of global financial awards and events. The Global Forex Awards recognizes the best performing forex brands or businesses on a global and regional level. They reward providers of groundbreaking technology, extensive market research tools, low-cost trading, world-class customer support for direct-to-consumer businesses, and more. This is a benchmark of success as award winners are nominated independently through public voting…

TOKYO, Sept 28, 2021 – (JCN Newswire) – Showa Denko K.K. (SDK; TSE:4004) concluded a long-term supply contract with Toshiba Electronic Devices & Storage Corporation (Toshiba), a Japanese electronic device manufacturer providing highly efficient SiC-power-semiconductor based power devices for the global market, to supply SiC epitaxial wafers for power semiconductors (SiC epi-wafers) for two and a half years with an optional extension clause. Toshiba has been developing and commercializing various kinds of SiC-based power devices including inverters for railcars, while adopting SiC epi-wafers manufactured by SDK as main material for SiC-based schottky barrier diode[1] (SiC SBD) and SiC-based metal-oxide-semiconductor field-effect transistor[2] (SiC MOSFET). Toshiba…

On July 20, 2021, Global New Material International Holdings Limited (Global New Material) (6616.HK), having developed pearlescent materials and synthetic mica as new materials in the consumer sector, ushered in strong momentum with its stock price soaring to an intraday increase of 14.68% on the third trading day following its entry into the capital market. On July 21, August 3, August 4 and August 11, Global New Material’s stock price recorded an intraday increase of 11.47%, 8.75%, 25.87 and 9.66% respectively. Over 19 trading days ended August 13, Global New Material saw its stock price rising by 104.89% and its…

Tianyun International Awarded the Titles of “‘Thirteenth Five-Year’ Excellent Entity in Technological Innovation of National Light Industry” and “‘Thirteenth Five-Year’ Excellent Individual in Technological Innovation of National Light Industry” by China National Light Industry Council Honored as a Strong Proof of the Technological Innovation Strength and Industry Influence Tianyun International Holdings Limited (Tianyun International, together with its subsidiaries, the Group) (HKG: 6836), a leading seller and manufacturer of processed fruits products in China, is pleased to announce that the Group’s wholly-owned subsidiary Shandong Tiantong Food Co.,Ltd. (the Tiantong Food) was awarded the title of “‘Thirteenth Five-Year’ Excellent Entity in Technological…

The IPO pipeline in Hong Kong remains robust with more than 200 companies seeking listings by the end of Q3. KPMG forecasts HK to see a record-breaking annual fundraising amount of HKD500 billion over 2021. KPMG’s mainland China and HK 2021 Q3 IPO Review shows that, globally, total funds raised reached USD330 billion during 2021 Q3 YTD, soaring to a 5-year high. The US, HK and A-share markets continue to lead the market, raising over a total of USD211.4 billion by the end of the third quarter of 2021. Paul Lau, Partner, Head of Capital Markets, KPMG China, says: “Market…

Through Successful Marketing Efforts and Quality Asset Portfolio Continuous Upgrade of Technologies and Analytical Capabilities to Drive Business Growth AEON Credit Service (Asia) Company Limited (AEON Credit or the Group; HKG: 900) announced today its interim results for the six months ended 31 August 2021 (1H2021). Although the market remained generally uncertain in 1H2021, with the Group resuming marketing activities for AEON credit cards whilst increasing the frequency and scale of mass promotions, overall sales increased by 22.4% year-on-year. However, the increase in sales mainly resulted in progressive growth of receivable balances in the second quarter, leading to lower monthly…

SCCG Management Founder and CEO, Stephen Crystal announced today that it has partnered with Play Caller Sports to support its upcoming launch with strategy and business development services within the casino gaming industry. Play Caller Sports is a next generation fan engagement platform focused on sports betting and fantasy sports, providing micro-markets and related gaming experiences for NFL, NBA, MLB and International Soccer. Crystal said of the announcement, “We are focused on aligning with the most innovative companies in the sports entertainment industry with broad applications to the casino gaming industry. Providing strategic guidance and business development support at the…

SGX-listed Metech International Limited (“Metech” or the “Company”, and together with its subsidiaries, the “Group”), is pleased to announce that its wholly-owned subsidiary, Asian Green Tech Pte. Ltd (“AGT”), has entered into a joint venture agreement (“JVA”) with X Diamond Capital Pte. Ltd. (“XDC”) on 24 September 2021 to establish a joint venture, pursuant to which AGT and XDC (collectively, the “Parties”) will incorporate a joint venture company (“JV Company”) in Singapore to carry out the business of manufacturing and distribution of lab-grown diamonds (the “Joint Venture”). Under the JVA, AGT shall operate and manage the JV Company while XDC…

Crypto financial services firm Blofin has raised US$12 million in a series A2 round of financing, led by KuCoin Eco Fund, followed by Matrix Partners, Lingfeng Capital and Fenbushi Capital. In March of this year, Blofin finished a US$10 million A+ round of financing led by SIG and Matrix Partners. At present, Blofin’s current global assets under management (AUM) has reached US$150 million. As a Cayman Island registered crypto finance service agency, its proprietary quantitative database covers over 50+ exchanges worldwide through real-time data and is connected with over 200 global quantitative trading teams. Blofin also provides crypto asset management…

In recent years, the logistics and supply chain industry has ushered in many important capital events, with a lot of companies went public in fields like express, supply chain, freight platform, aviation logistics and automatic driving. As a comprehensive fund covering multiple industries and fields, Legend Capital has already made a long-term and systematic investment layout in the field of logistics and supply chain. According to public information, Legend Capital has invested in more than 10 companies in such field, including Milkyway (SHA: 603713), Eastern Air Logistics (SHA: 601156), JD Logistics (HKG: 2618), Hichain Logistics (SHE: 300873), China Southern Cargo, FOR-U Smart…

On September 20, the founder of TRON, Justin Sun, announced the listing of VanEck TRX ETN (VTRX) on Deutsche Borse Xetra (www.xetra.com/xetra-en/). Meanwhile, Clearstream is leveraged to connect to Euronext’s system, which will facilitate the trading of VTRX on the major exchanges of 14 European countries including those in London, Amsterdam, Paris, and Switzerland. Not long ago, TRON also inked a partnership with the US-based asset management firm Valkyrie Investments to launch Valkyrie TRON Trust. With the listings of TRON tokens on an increasing number of mainstream exchanges around the globe, TRON is clearly stepping up its efforts to expand…

Agilex Biolabs, Australia’s most experienced and technologically advanced bioanalytical laboratory and the only biolab in the region with a dedicated toxicology unit, has been selected as a finalist for the Most Successful Early Phase Research (Preclinical & Phase I) category in the Citeline Awards 2021. The Citeline Awards were created to recognize accomplishments across the biopharmaceutical industry, providing an opportunity for the industry to honor its highest achievers. Achievements across the spectrum of key R&D activities are celebrated, from successes in early and late-stage research, to advances in technological tools, to innovations in trial design and execution. Agilex Biolabs offers…

Serving start-ups in MedTech, Biotech, Biopharma and FoodTech, the Incubator aims to become a vibrant centre of entrepreneurship, technology and science. ACROMEC Limited (ACROMEC; SGX: 43F), a specialist engineering services provider, announced that subsidiary ACROMEC Engineers Pte Ltd (ACROMEC Engineers) through joint-venture associate Life Science Incubator Pte Ltd, has launched the first Life Science Incubator co-working laboratory space, with a ceremony on location at the German Centre, International Business Plaza, Singapore. The ceremony was attended by Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth and Ministry of Trade & Industry and others from the Economic Development…

Gala Games, a pioneer of blockchain gaming joins World Esports and Gaming Summit – Asia as Headline Sponsor. Gala Games, a pioneer in blockchain gaming will feature as the headline sponsor for the inaugural virtual edition of World Esports and Gaming Summit – Asia, an event presented by Trescon & Semper Fortis, on 23-24 September 2021. Jason Brink, President of Blockchain at Gala Games will be among the top speakers joining the summit. Saturday, 22 May 2021: One of the first companies to use blockchain technology in the gaming industry, Gala Games, will feature at Trescon’s virtual edition of the…

PT Honda Prospect Motor has introduced the second generation all-new Honda BR-V in its worldwide debut at a virtual launch event on September 21, 2021. The second-generation Honda BR-V comes with a completely redesigned look and series of advanced technologies that are not only the first to be implemented in the model but also previously not available among all models in its segment. To develop the second generation of Honda BR-V, Honda conducted a long and in-depth study about the needs and driving habits of 7-seater SUV customers in Indonesia. Initially, Honda developed a concept model called the New 7…

Expected to approach 3,000 megawatts globally by 2023, Bitdeer Group’s Mining Datacenter represents the world’s top aggregate mining capacity. Bitdeer Group is excited to introduce its Mining Datacenter, which makes use of its unrivaled aggregate mining capacity to provide reliable, trustworthy digital asset mining services to clients. By placing an emphasis on clean energy and taking advantage of proprietary innovations, Mining Datacenter represents a game-changer in the field of cryptocurrency generation and cements Bitdeer Group’s position as an undisputed industry leader. Bitdeer Group is committed to providing the world’s most reliable digital asset mining service. Mining Datacenter is one of…

Cybercrime is already a multi-billion-dollar industry with a projected cost expected to reach USD 10.5 trillion annually by 2025. So, how can CISOs working within the ASEAN region become catalysts for change? How can you deliver business value, overcome security systems complexities, mitigate risks and minimize costs? CISO Online ASEAN, a virtual forum taking place on 2 & 3 November 2021, is designed to help you find these answers. Through a series of keynotes, panels, interviews and our unique interactive discussion format, this is your opportunity to benchmark your current practices against leading executives. Join your peers and learn how…

The first of its kind Online Shopping Insurance protection by GCash, in partnership with Igloo, aims to offer peace of mind for 46 million GCash users when they transact using GCash Approximately 44% of digital consumers have been a target of a fraud scheme in Q1 2021 Philippines’ leading e-wallet provider GCash, has launched an online shopping insurance – underwritten by PGA Sompo – with Singapore-headquartered regional insurtech Igloo, to protect its growing online customer base. This launch and partnership come at a time where GCash has seen a surge in online transactions and is on track to hit PHP 3…

Apollo Future Mobility Group Limited (AFMG, the Company, HKG: 860, together with subsidiaries, the Group) announces the appointment of several key management executives who will facilitate development and strengthen the Group’s presence in the core mobility business segments. Also, a new AFMG Facility, opened in Wolfsburg, Germany in May, is ramping up rapidly to reinforce the Group’s presence in the engineering service outsourcing (ESO) space. Mr. Matthew Knott has been appointed Chief Marketing Officer, effective since 20 September 2021. Mr. Thorsten Falldorf has been appointed Head of Research & Development Wolfsburg, heading the AFMG German Innovation Hub, effective since 1…