Author: Marie Jones

Proposes final dividend of 0.25 cent per share for FY2019 Net asset value per share increased to 9.9 cents as at end FY2019 Myanmar expansion progressing well, helped by its established track record and strong expertise Sanli Environmental Limited (“Sanli” and together with its subsidiaries, the “Group”), one of Singapore’s leading environmental engineering companies, today announced that it achieved revenue of S$71.4 million for the financial year ended 31 March 2019 (“FY2019”). This was slightly lower than the S$75.6 million revenue recorded a year ago (“FY2018”). —————————————————————————————————– (S$’000)                     FY2019     …

PT Astrindo Nusantara Infrastruktur Tbk (IDX: BIPI) is increasingly focused on the integrated energy infrastructure business, a transition reflected in BIPI’s Q1 2019 Financial Report. The Company managed to generate revenues of USD 16.04 million in Q1 2019. This achievement was a sharp increase from USD 0.37 in Q1 2018, as a result of the consolidated reports of our subsidiary PT Mitratama Perkasa (“MP”), previously recorded as a joint venture entity. In line with the increase in revenue, the Company’s cost of revenue rose to USD 2.45 million from USD 0.47 million. Nonetheless, Gross Profit remained positive at USD 13.59…

Alaya Consulting, a leading ESG Advisory in Hong Kong, announces its long-term Greenhouse Gas (GHG) emission reduction target has been approved as a Science Based Target (SBT) by the Science Based Target initiative (SBTi). Of the 554 global companies that have committed to setting SBTs, 210 companies have received approval of the SBTi, which include only 10 professional services firms worldwide. Alaya Consulting is the first ESG reporting advisory firm in Asia to have an SBT approved by the SBTi. To qualify for an approved SBT, Alaya’s carbon reduction strategy was required to demonstrate its alignment with the Paris Agreement…

CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is pleased to announce the appointment of Mr. Derek Ung as the General Manager, Enterprise Sales for Singapore. In this position, Derek will focus on new strategic initiatives to expand the region’s sales and marketing efforts, as well as establish new partnerships to expand its channel. Derek brings over 20 years of experience selling high-value solutions with a proven track record for building high-performance sales teams in the Asia region. In addition, he has extensive experience in global services management and…

The 3rd World Intelligence Congress (WIC 2019), a forum for exchange and cooperation in the field of artificial intelligence, emphasized the role of artificial intelligence (AI) in the economic and social growth of nations at this year’s event, held May 16-19 in Tianjin, China. WIC 2019 welcomed more than 1,450 delegates from 40 countries and regions, as well as 245 organizations, including 38 of the world’s top 500 companies. President Xi Jinping, in his letter to the WIC, noted that artificial intelligence (AI) had a significant impact on economic development, social progress and global governance. “China attaches high importance to…

Acquires 51.0% interest in manager of Sabana REIT and 9.9% interest in Sabana REIT ESR to hold approx 93.8% interest in the manager of Sabana REIT, and approx 21.4% interest in Sabana REIT, post transaction Strengthens ESR’s presence in Singapore as gateway for expansion into ASEAN ESR, a leading Asia Pacific focused logistics real estate platform, through its indirect wholly-owned subsidiary InfinitySub Pte. Ltd., has entered into a sale and purchase agreement (“SPA”) with Vibrant Group Limited to purchase 51.0% of the entire issued and paid-up capital of Sabana Investment Partners Pte. Ltd. (“SIP”), an investment holding company that owns…

KDDI CORPORATION and SUMITOMO CORPORATION plan to jointly operate a mobile game publishing business in Myanmar through FUNCREATE MYANMAR LTD. (FCM), a subsidiary of Singapore-based joint venture FUNCREATE PTE. LTD. (FC). Both FC and FCM are assembling a repertoire of mobile device games from Japan and other countries which they plan to localize and distribute throughout Myanmar. They will also implement promotional activities. By delivering the world’s popular mobile games throughout Myanmar, the partners will contribute to establishing the comfortable and enriching of lifestyles. Myanmar’s population of approximately 53 million[1] has a mobile phone dissemination rate of over 100%, and…

   Chinlink International Holdings Limited (“Chinlink”, HKSE Stock Code: 0997) and its subsidiaries (collectively the “Group”) and WeWork, the world’s leading community, space and service provider, are pleased to announce that WeWork will open a new space in Chinlink International Centre (CIC), a commercial development project under the flagship of Chinlink in Xi’an. Strategically situated at the heart of the Xi’an Economic and Technological Development Zone (“XET Development Zone”), CIC is highly accessible to the adjacent offices of the People’s Government of Xi’an Municipality and the XET Development Zone Management Committee, the Xi’an North…

At its Investment Conference in Bangkok, Thailand on 30 May 2019, Global Alliance Partners (GAP) will officially welcome another Asian Partner, KTB Financial Group (KTB), which has over 30 years of experience in investment and asset management. “Especially, KTB Investment & Securities is strong in Investment banking, Institutional brokerage and Research in Korea,” said Mr. Lee Byung Chul, the Chairman of KTB Financial Group. “We can provide GAP members an inroad to the Korean market and help their business as well by way of supplying market intelligence and introducing appropriate clients,” Mr. Lee added. When most people think of…

Revenue Up 33.4% to RMB6,208 Million Underlying Profit* Climbs 22.4% to RMB976 Million Sino Biopharmaceutical Limited (“Sino Biopharmaceutical” or the “Company”, together with its subsidiaries, the “Group”) (HKEX:1177), a leading and innovation-driven pharmaceutical conglomerate in the PRC, has announced its unaudited first quarterly results for the three months ended 31 March 2019 (“the review period”). Results Highlights – Self-developed new oncology medicine Anlotinib has enjoyed strong demand after its launch. As its sales surged to a new high, total revenue and profit grew significantly compared with the corresponding period last year. – Production approval has been secured for Lenalidomide Capsules…

ACROMEC Limited (“ACROMEC”; SGX: 1CH1), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, pharmaceutical, biomedical science, research and academia sectors, today announced that its 80%-owned subsidiary Acropower Pte. Ltd. (“Acropower”) has signed an agreement (“Agreement”) with Chew’s Agriculture Pte Ltd (“CAPL”) for Acropower to build, own and operate a waste-to-energy power plant (the “Facility”) that will convert poultry waste into energy. The Facility will be built on CAPL’s new farm as it relocates to Neo Tiew Road, off Lim Chu Kang (the “Farm”). The Agreement stipulates that the Facility will process and…

Wintermar Offshore Marine Tbk (WINS:JK) expects business conditions will continue to improve through 2019 into 2020 as oil price outlook stays strong. At the company’s AGM today, Managing Director Sugiman Layanto reported that conditions are improving for the Offshore support vessel industry. As oil prices have strengthened and global expenditure on upstream oil and gas exploration and production is picking up, Wintermar expects a stronger year in 2020. In Indonesia the activity has been slower to recover than outside of Indonesia due to lower charter rates and lower budgets. Through an emphasis on quality service, Wintermar has succeeded in winning…

ESR, a leading Asia Pacific focused logistics real estate platform, today announced the closing of ESR Japan Logistics Fund 3 (RJLF3) with initial capacity to capitalize up to JPY200 billion (circa US$1.8 billion) of real estate projects from the ESR development pipeline in Greater Tokyo, Osaka and Nagoya. RJLF3 brings together two partners for a total initial equity of JPY70 billion (circa US$630 million). The partners have a commitment expansion option that would bring the total investment capacity to as much as JPY530 billion (circa US$4.8 billion) over time. The fund will focus on the development of large-scale, state-of-the-art logistics…

Ebury Partners Limited, a global finance specialist and flexible lending solutions provider, is pleased to announce that Mr. James Lau, the Secretary for Financial Services and the Treasury of the Hong Kong SAR recently made a visit to Ebury’s London Office. Ebury’s CEO Mr. Juan Lobato, accompanied by Ebury’s management team, expressed a warm welcome to Mr. James Lau. During the visit, Ebury’s management team introduced their development in the Hong Kong and Mainland China market, and also highlighted Ebury’s initiatives in the Hong Kong and China-West Corridor, including its Trade Finance offering. After some follow-up discussions, the management team…

HK Startup Society, Entrepreneur Day and Start-up Express featured during ‘International Start-up Week’ The Hong Kong Trade Development Council (HKTDC) ran three initiatives in May as part of its annual ‘International Start-up Week’, with the aim of cultivating a vibrant start-up ecosystem in Hong Kong. The HKTDC initiatives included the launch of the HK Startup Society’s online platform and its offline start-up community; the start-up development programme Start-up Express; and a series of exhibitions, symposiums and seminars under the Entrepreneur Day banner. HK Startup Society: New community platform to help start-ups build networks The HK Startup Society’s launch event, hosted…

NetDragon Websoft Holdings Limited (“NetDragon” or the “Company”; Hong Kong Stock Code: 777) celebrated its 20th anniversary on 18th May at Haixi Animation Creativity City in its headquarter in Fuzhou, where former and current employees gathered to reminisce about the growth and development of the Company. From focusing on game development in the past, to now aggressively expanding its education business, NetDragon has gradually formed a dual growth engine model integrating “Gaming + Education”. Along the way, NetDragon has become one of the most reputable online game developers in China with multiple renowned game IPs. At the same time, its…

Paradise Entertainment Limited (“Paradise” or the “Group”, HKEx: 1180), through its subsidiary LT Game, was granted approval by Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau (“DICJ”), for our first-ever self-developed slot machines. This is a key milestone for Paradise as it signifies the first time that the Group started to diversify our business to the slot machine segment ever since we developed the flagship product the Live-Multi-Game (“LMG”) machines in Macau. This divergence paves the way for Paradise to emerge as the future leader in gaming equipment. The first batch of LT Game’s self-developed slot titles that have…

Offer Price Set Between HK$1.50 to HK$1.95 per Share, To Raise Gross Proceeds Up to HK$1,528 Million A Leading Biopharmaceutical Company in China, Focusing on the Research, Development and Production of New Drugs and Biosimilar for Cancers and Autoimmune Diseases A leading biopharmaceutical company in China – Mabpharm Limited (stock code: 2181), announced on 17th that the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited. According to the announcement, Mabpharm plans to offer 783,580,000 shares (subject to the Over-allotment Option) , of which 705,222,000 shares will be International Offer Shares (subject…

Launch of Hong Kong’s First Electric Ferryboat Likely Soon China Dynamics (Holdings) Limited (“China Dynamics” or the “Group”) (HKEX stock code: 476), a provider of new energy vehicles and technology integrated solutions, and Eastern Ferry Company Limited (“Eastern Ferry”) have signed a Memorandum of Understanding (“MOU”) for strategic business cooperation, with the intention of jointly promoting development of green marine transportation in Hong Kong. According to the MOU, China Dynamics plans to provide new energy ferryboats to Eastern Ferry that match the partner’s upgrade and replacement needs to meet environmental protection and energy-saving requirements for marine vessels in Hong Kong.…

Pacific Green Technologies Inc. (OTCQB: PGTK), is delighted to announce the appointment of KPMG LLP as its auditor. Commenting on the appointment, Neil Carmichael said: “First of all, I would like to thank Saturna for their excellent service over the last five years when we were a development stage company. We are now required to rotate auditor and as Pacific Green expands its operations across the world, as a result of its strong and robust order book, we have decided to appoint KPMG LLP with its global reach and expertise. KPMG is a world class firm offering a comprehensive range…