Author: Marie Jones

– Revenue and Adjusted Profit Attributable to Equity Owners of The Company Increased by Approximately 51.6% and 73.2 %, Respectively – Achieves a Diversified Industrial Chain Deployment; Continuous Increase in the Sales of the Own-branded Milk Formula Products HONG KONG – (ACN Newswire) – Ausnutria Dairy Corporation Ltd (“Ausnutria” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1717.HK), a company engages in the research and development, production and distribution of all dairy products (including infant formula) and nutrition products with production facilities principally based in the Netherlands, Australia, New Zealand and the PRC. Today, the Group is pleased to announce…

Organic Growth Delivers Record Results; Sales Increases 19.1% and Profit Increases 24.6% HONG KONG – (ACN Newswire) – Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. (“TTI”/ TTI Group) (stock code: 669, ADR symbol: TTNDY) has delivered record sales and net profit for the ninth consecutive first half. This is a result of a strategic foundation of relentless innovation, continuous operational improvement, exceptional people, and a powerful brand portfolio. Sales in the first half were US$3.4 billion, a 19.1% increase over the previous period, while net profit margin improved by 30 basis points. Gross profit margin improved for…

SINGAPORE – (ACN Newswire) – Geo Energy Resources Limited (“Geo Energy”, SGX:RE4), announced its 2Q2018 results, declares an interim dividend and a dividend policy. (US$ ‘000) ———————————————————————- 2Q2018 2Q2017 %ch 1H2018 1H2017 %ch ———————————————————————- Revenue 83,184 58,947 41 173,731 148,625 17 ———————————————————————- Cost of sales (61,820) (39,819) 55 (130,463) (104,346) 25 ———————————————————————- Gross Profit 21,364 19,128 12 43,268 44,279 (2) ———————————————————————- Other Income 1,137 292 290 3,026 584 418 ———————————————————————- Finance Costs (7,538) (1,168) 545 (15,220) (2,577) 491 ———————————————————————- General & Administrative Expenses (2,783) (2,572) 8 (5,331) (4,800) 11 ———————————————————————- Other Expenses (1,132) (408) 177 (2,817) (2,352) 20 ———————————————————————- Net Profit Attributable to…

– Revenue bolstered by China operations, mainly due to contributions from two new outlets in Beijing and Shanghai and opening of Xi’an outlet – Intends to continue expansion of brands in both Singapore and other major Asian cities SINGAPORE – (ACN Newswire) – JUMBO Group Limited (“JUMBO”, SGX:42R), one of Singapore’s leading multidining concept food and beverage (“F&B”) establishments, today announced revenue of $35.8 million for the three-month period ended 30 June 2018 (“Q3 FY2018”). This was an increase of 2.9% or $1.0 million from $34.8 million in the previous corresponding period (“Q3 FY2017”). The increase in revenue was mainly due to an…

– Logistics Services Business revenue increased by 25.6% over last year – Admin expenses fell without dual listing, the Group achieved net profit S$1.3 M SINGAPORE – (ACN Newswire) – LHN Limited (“LHN”, SGX:41O), real estate management services group, achieved a net 3Q profit after tax of approximately S$1.3 million in the three months ended 30 June 2018 (3Q2018″), recovering from a loss of approximately S$3.6 million in the three months ended 30 June 2017 (“3Q2017”) due to (i) nonrecurring expenses of approximately S$2.9 million relating to dual primary listing on the Main Board of The Stock Exchange of Hong Kong Limited; (ii)…

– Bearing testament to the quality of its flagship Golden City project, the Group secures titles in all three award categories – Developer, Development and Design Awards – Showcasing its commitment to achieving real estate excellence and sustainability, this recognition is a hallmark to the Group’s expertise and track record as a developer in niche property markets – On the back of these developments, the Group remains cautiously optimistic that Golden City is well-positioned to attract greater demand for its luxury mixed-use development SINGAPORE – (ACN Newswire) – Catalist-listed Emerging Towns & Cities Singapore Ltd (“ETC Singapore”, SGX:1C0), is pleased to announce that…

Bank Also Proposes Rights Issue on the Basis of One Rights Share for Every Two Shares HONG KONG – (ACN Newswire) – Chong Hing Bank Limited (the “Bank”; stock code: 01111), announced today that the Bank has entered into the Subscription Agreement with Guangzhou Metro Investment Finance (HK) Limited (the “Subscriber”), which is wholly owned by Guangzhou Metro Group Co., Ltd. (“GZ Metro”) – a wholly State-owned company under the Guangzhou Municipal Government, pursuant to which the Bank has agreed to allot and issue to the Subscriber 70,126,000 Subscription Shares at the Subscription Price of HK$14.26 per Subscription Share. With the Subscription Price…

HONG KONG – (ACN Newswire) – Prioritising the development of tourist resorts and entertainment as its core business, DreamEast Group Limited (“DreamEast” and together with its subsidiaries, the “Group,” stock code: 593.HK) announced that the Hengyang DreamEast Resort Experience Centre, one of the main buildings of the project, has completed and is opened to public. The Experience Centre, which has been created with ingenuity of DreamEast, is a modern design that incorporates elements of the Hunan style such as horse head walls and stone carvings, allowing visitors to view the entire project planning. The Hengyang DreamEast Resort is situated in Hengyang…

SINGAPORE – (ACN Newswire) – Kencana Agri Limited (“Kencana”, SGX:BNE), today announced its financial results for the first half ended 30 June 2018. Summary of Results ———————————————————————- US$ ‘000 2Q 2018 2Q 2017 Change 1H 2018 1H 2017 Change ———————————————————————- Revenue 29,341 27,497 6.7% 57,331 67,325 -14.8% ———————————————————————- Gross profit 7,073 2,812 151.5% 7,185 13,595 -47.1% ———————————————————————- Operating profit 5,668 6,213 -8.8% 2,525 14,659 -82.8% ———————————————————————- EBITDA (2,405) 11,503 n/m (5,397) 24,732 n/m ———————————————————————- (Loss)/profit before tax (8,863) 9,901 n/m (20,758) 15,783 n/m ———————————————————————- Net (loss)/profit after tax (7,603) 7,112 n/m (17,449) 11,373 n/m ———————————————————————- *n/m: not meaningful Review of Group Financial Performance…

– Advisory and Transactional Services remains the largest revenue contributor, with turnover up 18% from previous year – ZICO will continue to grow its corporate, finance and business support services in Singapore and Malaysia SINGAPORE – (ACN Newswire) – ZICO Holdings Inc. (“ZICO”, SGX:40W) reported a net profit of RM2.9 million for the three months ended 30 June 2018 (“Q2 FY2018”), up 12.0% from a year ago, on higher contributions from corporate finance advisory, wealth management and trust services despite higher staff costs to support its business expansion. The SGX Catalist-listed integrated provider of multidisciplinary professional services – which has presence in across…

SINGAPORE – (ACN Newswire) – Singapore’s Duty Free International Limited (“DFI”) (SGX:5SO) announced on 8 August 2018 that it has invested in Brand Connect Holding Pte. Ltd. (“BCH” or “Brand Connect”) to create the ultimate distribution & brand building agency that can meet the needs of global alcohol beverage brand owners across all of Southeast Asia. Justin Frizelle, founder and Chief Executive Officer (“CEO”) of BCH Group said: “Southeast Asia is the 3rd largest region in world in terms of population and 5th in GDP. Obviously, this represents tremendous opportunities for alcohol beverage producers. But Southeast Asia is also one of the most…

NEW YORK, NY – (ACN Newswire) – Watts Miners, one of the latest players to enter the global crypto space, has made a groundbreaking impact on the market in almost no time. Equipped with extraordinarily high hash rate powers, these mining rigs have already received excellent feedback from numerous beginners as well as seasoned crypto miners. Watts Miners (www.wminers.com) is pleased to reveal that their recently launched mining rigs are now receiving encouraging feedback from the global crypto community. The New York based company offers three extremely powerful miners with hash rate powers that are unprecedented in this thriving industry. Within just a…

HONG KONG – (ACN Newswire) – A leading mid-to high-end pediatric medical service provider in China – New Century Healthcare Holding Co. Limited (“New Century Healthcare” or the “Company”; Stock Code: 1518.HK) and its subsidiaries (“the Group”) are pleased to announce, 1) the acquisition of equity interest of Chengdu New Century Women’s and Children’s Hospital Co., Ltd. (“Chengdu New Century”) has been completed ; 2) the Company strategically invested in the equity of Chiron Healthcare Holdings Limited in Hong Kong (“Chiron Healthcare”, together with its subsidiaries, collectively “Chiron Healthcare Group”). The board of directors of the Company announces that the acquisition of 85.0%…

HONG KONG – (ACN Newswire) – Hong Kong’s leading marketing solutions provider, Icicle Group Holdings Limited (the “Company”, and together with its subsidiaries, “Icicle” or the “Group”; stock code: 8429), today announced a Preferred Regional Technology Partnership with Open Influence, the world’s leading data-driven global influencer marketing company. The engagement builds on a highly successful pilot program in the Asia Pacific Region, where Open Influence worked with Icicle to implement campaigns that reached over 20,000,000 viewers in 2018. “We are thrilled to deepen our partnership with Open Influence,” said Ms. Bonnie Chan Woo, Chairperson, CEO and Executive Director of Icicle Group.…

– Gross Revenue, Net Property Income grew 3.9% & 3.3%, New high for overall portfolio occupancy at 92% – IRAS accorded tax transparency treatment on all rental support income received and receivable by VI-REIT – Recognized net income tax credit of S$4.96M, which in turn gave rise to S$4.46M of distributable income SINGAPORE – (ACN Newswire) – Viva Industrial Trust (“VIT”, SGX:T8B), a Singapore-focused business park and industrial property trust, today announced a 3.9% and 3.3% increase in Gross Revenue and Net Property Income to S$28.7 million and S$20.9 million respectively. Financial Highlights ———————————————————————- Year-on-Year Quarter-on-Quarter ———————————————————————- 2Q2018 2Q2017 Variance 1Q2018 Variance ———————————————————————-…

– Strong Portfolio Occupancy Rate of 100.0%, Healthy Gearing of 31% SINGAPORE – (ACN Newswire) – Dasin Retail Trust Management Pte. Ltd., the Trustee-Manager of Dasin Retail Trust (“DRT”, SGX:CEDU), is pleased to report that in first half of FY2018, net property income exceeded Forecast by 7% to S$31 million. Comparing to first half of FY2017, net property income increased by 85% attributable to better operational metrics and contribution from the acquisition of Shiqi Metro Mall in June 2017. ———————————————————————- Period 1 Jan to 30 Jun 18 1 Jan to 30 Jun 18 ———————————————————————- 2018 2017 Actual Forecast (Actual) (Actual) (%) (%) ———————————————————————-…

– Successfully established a platform to test various combustion parameters for the petrochemical industry – Testament to the Group’s technical excellence and rich experience in the flare field – Strengthens ability to serve existing customers while growing the Group’s scope of services SINGAPORE – (ACN Newswire) – Mainboard-listed Sunpower Group Ltd. (“Sunpower”, SGX: 5GD.SI), an environmental protection solutions specialist with a strong focus on expanding into anti-pollution investment projects (“Green Investments” or “GI”) which generates long-term intrinsic value in the form of recurring income and cash flows, today announced that Jiangsu Sunpower Hi-tech Industry Co. Ltd. (“Jiangsu Sunpower”), a wholly-owned subsidiary of the…

BANGKOK – (ACN Newswire) – RetailEX ASEAN 2018 (“RetailEX”), the largest annual international trade exhibition and conference in Southeast Asia, catering to retailers and brands focused on succeeding in ASEAN markets, is set to return better than ever before this September; with brand-new zones and content rich conferences over the three-day event. RetailEX, under the theme “Transforming the ASEAN Retail Landscape” will be held on 19 to 21 September 2018 at Halls 3 and 4, at IMPACT Exhibition and Convention Center in Bangkok, Thailand. Over 4,000 attendees from diverse industries such as e-commerce and entertainment, healthcare, design and hospitality are expected to attend. The three-day event is co-organised by the…

– ONE°15 Marina Nirup Island will bring the number of ONE°15 marinas globally to eight – SINGAPORE – (ACN Newswire) – SUTL Enterprise Ltd (SUTL Enterprise, SGX:BHU) a leading marina developer, operator, consultancy provider and owner of the ONE°15 brand, has secured its second management contract in Indonesian waters for an integrated marina at Nirup Island, located within close proximity to Singapore (8 nautical miles) and Batam. When completed, Nirup Island will be the closest resort island to Singapore with clear waters and a full suite of recreational amenities catering to visitors from Singapore, Malaysia, Indonesia, and beyond. The 10-year contract was awarded…

HONG KONG – (ACN Newswire) – AnApp Blockchain Technologies Limited (“AnApp”), the IoT blockchain developer behind IOTW (a new cryptocurrency for IoT applications), announces the porting of their micro-mining software to the ESP32 chipset developed by Espressif, a multinational designer of high-performance Wi-Fi + Bluetooth chips and modules. The micro-mining IoT chipset is running at 0.5W and supports Wi-Fi and Bluetooth connectivity, powered by a dual-core processing unit. The IOTW development team previously demonstrated 200 fully-functional micro-mining IoT devices in Shenzen, on June 12, 2018, and is now aiming to develop a demo network with one thousand devices. Espressif is a prominent fabless…