BOC International initiated coverage on Hong Kong listed VPower Group International Holdings Limited (“VPower Group”, stock code:1608) with a “Buy” rating in recognition of its solid growth momentum and the expected high earnings in the coming years. Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation. It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building and operating distributed power stations to supply reliable electricity. It is now a leading…
Author: Marie Jones
Read More
A subsidiary of Lever Style Corporation (“Lever Style” or the “Group”) (stock code: 1346) has entered into a sale and purchase agreement to acquire certain assets of Vista Apparels Limited (“Vista”). Hong Kong-headquartered knitwear manufacturer Vista supplies sweaters to premium brands such as Paul Smith and James Perse and digitally-native brands like Ministry of Supply. Lever Style will assume Vista’s customers, supplier relationships, technical knowhow, and order book. The acquisition enables Lever Style to offer its existing customers sweaters in addition to the wide range of apparel the company already provides. Additional cross-selling opportunities are expected from Vista’s customers purchasing…
An artificial intelligence approach extracts how an aluminum alloy’s contents and manufacturing Scientists in Japan have developed a machine learning approach that can predict the elements and manufacturing processes needed to obtain an aluminum alloy with specific, desired mechanical properties. The approach, published in the journal Science and Technology of Advanced Materials, could facilitate the discovery of new materials. Aluminum alloys are lightweight, energy-saving materials made predominantly from aluminum, but also contain other elements, such as magnesium, manganese, silicon, zinc and copper. The combination of elements and manufacturing process determines how resilient the alloys are to various stresses. For example,…
BitDeer.com, the world’s leading computing power-sharing platform, has announced the return of the S19 Pro and S19’s 360-day Accelerator Mode Plan. The S19 series is one of the most advanced ASIC Miners on the market which introduced major gains in energy efficiency and computing power. The hardware was released in March of this year. BitDeer.com is launching an Accelerator Mode Plan allowing users to obtain computing power at a competitive low market price enabling break-even results quicker than competing computing power sharing solutions. BitDeer is capable of achieving this by lowering their own margins as a goodwill action back to…
Haier Smart Home Co., Ltd. (600690.SH / 690D.DE, “HSH” or “the Company”) and Haier Electric Group Co., Ltd. (1169.HK, “HEG”) jointly announced that HSH has formally requested HEG to put forward a proposal (“Privatisation Proposal”) to the holders of HEG Shares (other than HSH and any of its wholly-owned subsidiaries) (“Scheme Shares” and holders of which are “Scheme Shareholders”) for the privatisation of HEG by way of a scheme of arrangement subject to the satisfaction of certain pre-conditions. Under the Privatisation Proposal, holder of each Scheme Share will receive 1.60 new H Shares from HSH and cash payment of HK$1.95…
Strengthens Digitalization And Creates Omni-Channel Shopping Experience Kidsland International Holdings Limited (“Kidsland” or “the Group”; stock code: 2122), the largest toy retailer in China, is pleased to announce that it will launch the Hong Kong LEGO certified online store (http://LEGO.kidslandgroup.com), which carries the most diversified and comprehensive product ranges in Asia Pacific, on 3 August. As an addition to the five existing physical LEGO Certified Stores, the online certified store will not only allow Hong Kong LEGO fans to enjoy quick and convenient home delivery service, but also demonstrate again the Group’s relentless efforts in promoting digitalization and creating an…
Hua Hong Semiconductor Limited (“Hua Hong Semiconductor” or the “Company”, stock code: 1347.HK), a global, leading specialty pure-play foundry, announced that it will fully cooperate with IGBT (Insulated Gate Bipolar Transistor) product customers to shape the IGBT ecosystem. So far, the IGBT chips with market competitiveness manufactured by the Company have been rapidly introduced into the markets of new energy vehicles, wind power generation, white smart home appliances, etc., further enriching the IGBT product line and offering a new business growth opportunity to the Company. IGBT is the core device of energy conversion and transmission, known as “CPU of Power…
LA-based audio startup Duolink Go is debuting its flagship SpeakerBuds three-in-one device, combining true wireless earbuds and a two-part charging case with in-built speakers, now on pre-launch via Kickstarter. Since its launch in 2018, Duolink has invested $3 million in developing SpeakerBuds and other innovative audio hardware, using top-notch acoustical engineering, so this party in your pocket device fulfills every listening need. Designed to transfer music in seconds, with no audio drop, Duolink SpeakerBuds offer high-quality sound on both sides of a room (to 16 feet). Fully charged after only 2 hours, SpeakerBuds run for up to 6 hours, and…
Futurist sheds light on ‘new normal’ at E-Day seminarLocal start-ups have been rising to the challenges presented by the COVID-19 pandemic with agility and creativity. This year’s HKTDC Entrepreneur Day (E-Day), organised by the Hong Kong Trade Development Council (HKTDC), underwent a transformation in terms of format and content, with a series of seminars broadcast live on 16 and 17 July giving start-ups valuable insights into finding a path forward during this difficult time. Running under the theme “Revive, Redefine”, the 2020 E-Day invited a high-powered panel of speakers to speak at 19 online seminars, offering insights into areas such…
First dose of ETC-159 administered in Phase 1B of clinical trials, advancing the development of this drug to treat solid tumours Made-in-Singapore cancer drug, ETC-159, has achieved a new developmental milestone in achieving “First Patient First Visit[1]” in Phase 1B. The first dose of ETC-159 has been administered to patients in this new phase of clinical testing, which for the first time, will look at efficacy in addition to assessing the safety of ETC-159 in treating different types of cancers. This clinical study will include subgroups of colorectal, endometrial and ovarian cancer patients from two sites in Singapore (National University Cancer…
Hanacans now has capacity to produce 3.3 billion cans per year TOKYO, July 30, 2020 – (JCN Newswire) – Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of Showa Denko (SDK; TSE:4004), headquartered in Shinagawa Ward, Tokyo, had a ceremony on July 29 to celebrate the completion of its third base in Vietnam to produce aluminum cans. This new production base (Ba Ria-Vung Tau Factory) is in Ba Ria-Vung Tau Province, which is in the southern part of Vietnam. Ba Ria-Vung Tau Factory is the third production base of Hanacans Joint Stock Company (Hanacans), which is a consolidated Vietnamese subsidiary of SAC, and has…
The COVID-19 pandemic and plunging oil prices cause contract postponement and cancellation, resulting in 17% YOY fall in Wintermar’s 1H2020 revenue compared to 1H2019, with a gross loss of US$658,855 for the first half of 2020. –COVID-19 Pandemic Impact After a strong first quarter where the Company made a profit, the combined effect of the global “lockdowns” caused by the COVID-19 pandemic and the breakdown in OPEC talks in March led to a sharp drop in oil prices in April. When the COVID-19 pandemic escalated, the global economic impact was swift and severe. This uncertainty led to cancellations and delays…
Offering of 250,000,000 Shares through Public Offer and Placing Price Ranges from HK$0.52 to HK$0.64 per Share Chi Kan Holdings Limited (“Chi Kan Holdings” or the “Group”), the formwork contractor ranked second in the formwork services market in Hong Kong , today announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”). Offering Details Chi Kan Holdings plans to offer a total of 250,000,000 Shares, among which, 90% or 225,000,000 Shares will be for Placing (subject to reallocation and the Offer Size Adjustment Option), while 10% or 25,000,000 Shares will be for the…
SINGAPORE, July 29, 2020 – (ACN Newswire) – With Southeast Asia poised to rebound strongly in 2021 to become one of the most promising markets worldwide, the established InfoComm Southeast Asia platform offers Professional AudioVisual companies a valuable opportunity to leverage this market potential and pursue business growth. Despite a gloomy global economic outlook and a general slowdown in 2020, the Asian Development Bank (ADB) and the International Monetary Fund (IMF) have both projected a strong rebound for Southeast Asia’s economies in 2021. These range from 4.7 percent from the ADB, to 6.2 percent according to the IMF World Economic Outlook. The IMF estimates…
CMB International Securities today issued a research report on Hong Kong listed VPower Group International Holdings Limited (“VPower Group”, stock code:1608), a leading distributed power generation station owner and operator in Asia with a focus on its investment in the liquefied natural gas (LNG) to power in Myanmar. The firm maintained a high conviction “BUY” rating on VPower Group with a target price of HK$5.47, representing a potential growth of 82.9% as compared to last closing price. CMB International Securities placed its key focus on VPower Group’s iconic Myanmar joint venture and expected it will generate more than 20% internal…
Prominent Institutional Investors Back Decentralized Cryptocurrency Derivatives Exchange Injective Protocol, a fully decentralized derivatives exchange protocol, has raised $2.6 million dollars in a seed funding round led by Pantera Capital with participation from world renowned institutional investors including QCP’s investment arm QCP Soteria, Axia8 Ventures, and OK’s strategic investment partner K42. Injective Protocol aims to solve critical scalability and user experience bottlenecks that trouble decentralized exchanges (DEXs). Beyond providing working capital, the new strategic investors will also provide liquidity solutions for the decentralized exchange as well as support Injective Protocol’s business development and market brand recognition internationally. Paul Veradittakit, Partner at…
REDCO PROPERTIES GROUP LIMITED (the “Group” or the “Company”; stock code: 1622.HK) is pleased to announce that the international credit rating agency Fitch Ratings has revised the Company’s outlook to Positive from Stable. Fitch indicates in its report that the Outlook revision reflects the Company’s consistent growth in its sales and scale, as well as its geographical diversification. Fitch believes that the Company can maintain a low leverage ratio as the company continues to boost its land bank size to sustain rising contracted sales, and the company has saleable resources for around four years of development. Fitch has maintained the…
Coquitlam, British Columbia, July 28, 2020 – (ACN Newswire) – Captiva Verde Land Corp. (CSE: PWR) (OTC: CPIVF) (the “Company” or “Captiva Verde”), is pleased to announce that further to its news release of October 2, 2019, where Captiva Verde has executed a share exchange agreement to acquire Salud Esmeralda de Mexico SA de CV, (“Esmeralda”) where Esmeralda holds a comprehensive pharmaceutical license to sell, market and distribute an entire suite of 300+ pharmaceutical, health, wellness and veterinarian products which include all narcotic, psychoactive and non-psychoactive drugs listed under Groups I, II & III in Mexico, Esmeralda has today executed…
Theragen Bio is conducting joint research on developing a new coronavirus (COVID-19) genomic big data in collaboration with the Korea Research Institute of Chemical Technology (KRICT), Kyungpook National University Hospital, and the Daegu Metropolitan Government. The study will analyze the full genome of each patient and the SARS-CoV-2 virus using samples from approximately 1,000 COVID-19 patients in Daegu and Gyeongsangbuk-do provence, the largest coronavirus genomic analysis to be conducted in Korea. Through this study, Theragen hopes to identify the infection correlation between patient genome and the SARS-CoV-2 virus genome, and apply it to future vaccine development. Theragen identified the genetic…
SGX-listed Singapore eDevelopment Limited’s (SeD; SGX:40V) wholly-owned subsidiary Impact Biomedical Inc. (“Impact”), announced today the initiation of Quantum, their research program designed to solve the impending pharmaceutical patent cliff threat. Impact Biomedical’s transition to the Quantum research program comes on the heels of the completion of the research and development stage of its existing biodefense intellectual portfolio, which is now moving to the licensing and commercialization phase. The portfolio, valued by independent experts at approximately US$1.39 billion as announced by the Group on 1 June 2020 includes: Linebacker, a universal therapeutic designed to shadow the Panacea Project, a US Defense…