Author: Marie Jones

Singapore will be the gateway for YITU to expand to the rest of the world SHANGHAI — YITU Technology, a Chinese pioneer in artificial intelligence (AI), announced its plans to set up a Research & Development (R&D) Hub in Singapore, bolstering Singapore’s AI applications in the area of security and finance. The discussion was held at a visit to YITU’s Shanghai headquarters recently, represented by Singapore officials from the Ministry of Home Affairs (MHA) and Singapore’s Economic Development Board (EDB), where they witnessed its award-winning facial recognition technologies. With much potential waiting to be harvested, AI is one of the key…

Intends to Acquire Company Engaged in Developing and Operating LNG Stations and Related Facilities in Tianjin HONG KONG — Northern New Energy Holdings Limited (“Northern New Energy” / the “Group”, stock code: 8246) announced that its non-wholly owned subsidiary entered into a memorandum of understanding today in relation to the possible acquisition of a company engaged in developing and operating liquefied natural gas (“LNG”) stations and related facilities in Tianjin (the “Target Company”). The Target Company holds two LNG stations in Beichen District, Tianjin, both in prime geographic locations and at the junction of many trunk roads. One of them is…

– Entered into the Subscription Agreement with the Guotai Junan on the Issuance of US$ 9,000,000 Convertible Notes at an interest rate of 6% per annum due November 2018; – Initial Conversion Price of HK$1.58 per Conversion Share represents a 18.4% premium of the average closing price as of the past 10 consecutive trading days; – Essential for enhancing Company’s future growth plans and financial liquidity; – Proceeds will be used for the general working capital of the Group, and expansion and development of the Group’s own brand business in the areas including new brands, new product varieties, industrial partnership…

HONG KONG — BGMC International Limited (“BGMC” or the “Group”, HKEX: 1693), a Malaysia-based construction services company, announced that Tan Sri Barry Goh, Chairman and Executive Director of BGMC, has been awarded the Lifetime Achievement Award for Leadership in Infrastructure & Education at the 9th World Chinese Economic Summit (the “Summit”). The award acknowledges his significant contributions in both infrastructure and education. Tan Sri Goh’s business empire covers construction services, property development, education and renewable product manufacturing, among which BGMC is the first of his companies to list on The Stock Exchange of Hong Kong Limited. By listing in Hong…

Proactively Expanding the Strategic Business Layout, Enhancing Competitiveness in China’s Real Estate Market HONG KONG — Sansheng Holdings (Group) Co. Ltd. (“Sansheng Holdings” or the “Company”, and together with its subsidiaries, the “Group”, Stock code: 2183.HK), is pleased to announce that the JV Agreement between the subsidiary of the Group and the JV Partner – Sansheng Investment, the agreements of Pingtan and Jinan Acquisitions were duly passed at the EGM held today by way of poll. The Formation of a Joint Venture Company On July 7, 2017, the Group and Sansheng Investment entered into the JV Agreement. Two parties agreed to…

SINGAPORE / VILNIUS — Invest Lithuania and Singapore FinTech Association today signed a landmark financial technology (“fintech”) innovation agreement at the 2017 Singapore FinTech Festival, signifying deeper bilateral economic relations as both republics seek to enter each other’s regional markets. The Republic of Lithuania’s Minister of Foreign Affairs, Linas Linkevicius, witnessed the signing at the festival in a session hosted by the Lithuanian delegation to Singapore. Organised by the Monetary Authority of Singapore (MAS), the Singapore FinTech Festival provides a platform for Lithuania to reach out to Asian fintech leaders, policy makers and technopreneurs. Representatives from the Bank of Lithuania and…

HONG KONG — Persta Resources Inc. (“Persta” or the “Company,” stock code: 3395), a Calgary-based energy company principally engaged in natural gas and crude oil exploration and production in Western Canadian Sedimentary Basin, with a focus on natural gas, is pleased to announce that the Company and Advance Drilling Limited, a direct wholly-owned subsidiary of CNPC (China National Petroleum Corporation) Greatwall Drilling Company (“GWDC”) have signed a turnkey services master agreement on drilling/ completion/ testing integration on 13 November 2017. Mr. BO Le, President, Chairman of the Board and Chief Executive Officer of Persta, said, “We will accelerate the development of…

HONG KONG — “It only takes a few minutes or even seconds to make decision on loan, which in turn will increase the loaning opportunity for each borrower.” – Greg pointed out that big data and AI have great impact on the financial sector. On 4 Nov 2017, Greg Gibb, Co-Chairman and CEO of Lufax Holdings (“Lufax”), gave a keynote speech at the 2nd Annual Conference on “The Chinese Era of Digital Finance” at the Institute of Digital Finance, Peking University, where he specifically analyzed the financial impact of big data and Artificial Intelligence (AI). Greg believed that big data and…

TOKYO — Voltage Inc. (Shibuya, Tokyo, President: Yuzi Tsutani) released its latest female-oriented English-language app, Love 365: Find Your Story, for iOS and Android on November 13th, 2017. This convenient app is designed to be a portal that compiles all of Voltage’s English-translated Japanese Visual Romance Apps’ characters and stories into one easy-to-navigate reader app for our international audience. Not only can you pay for an entire story upfront like the former standalone apps, but now you can sign up for a monthly subscription service ($8.99 USD), or even pay for individual episodes. Two new titles will be available in the…

Yangon and Tokyo — Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate MPU-JCB Co-Branded Card in Myanmar. This is the first corporate credit card targeted for business payment use ever issued in the country. The AYA Universal Corporate MPU-JCB Co-Branded Card has 2 different products: Universal Corporate Platinum Credit Card and Universal Corporate Gold Credit Card. All the cardmembers can enjoy the same JCB…

Asset and Liability Management, Fund Transfer Pricing, and Liquidity Management SINGAPORE — Hong Leong Finance Ltd has implemented an integrated risk management solution from Kamakura Co for its balance sheet management, funds transfer pricing, and liquidity management processes. The Singapore-listed finance company (SG:S41), part of the Hong Leong Group, made its decision after doing a comprehensive upgrade exercise involving its risk management processes. “Hong Leong Finance was clear in its risk vision, and wanted to incorporate an integrated framework for balance sheet management, funds transfer pricing and liquidity management initiatives,” said Dr. Clement Ooi, Kamakura’s EVP and Managing Director of…

Investment Value Highly Recognized by Global Capital Market HONG KONG — Kingston Financial Group Limited (“Kingston Financial Group” or “the Group”) (stock code: 1031) is pleased to announce that the Group has been included as a constituent of the MSCI Global Standard Index – Hong Kong Index with effect from the close of 30 November 2017. The MSCI Index, a securities index compiled by Morgan Stanley Capital International (“MSCI”), is the most widely used reference index of capital market performance for investors in many countries and regions. The shares included in the MSCI Index are the leading and most representative companies…

Singapore will be the gateway for YITU to expand to the rest of the world SHANGHAI — YITU Technology, a Chinese pioneer in artificial intelligence (AI), announced its plans to set up a Research & Development (R&D) Hub in Singapore, bolstering Singapore’s AI applications in the area of security and finance. The discussion was held at a visit to YITU’s Shanghai headquarters recently, represented by Singapore officials from the Ministry of Home Affairs (MHA) and Singapore’s Economic Development Board (EDB), where they witnessed its award-winning facial recognition technologies. With much potential waiting to be harvested, AI is one of the key…

HONG KONG — Winson Holdings Hong Kong Limited (“Winson” or the “Group”; stock code: 8421), a Hong Kong-based service provider specialising in environmental hygiene and related services and airline catering support services, has announced its unaudited interim results for the six months ended 30 September 2017 (“Period under Review”). During the Period under Review, the Group’s two principal businesses, environmental hygiene and related services and airline catering support services, performed steadily. The two operations generated combined revenue of approximately HK$248.2 million, representing a year-on-year increase of approximately 8.0%. Though the cost of services has further increased, the Group has nonetheless been…

HONG KONG — GF Securities Co., Ltd. (with its subsidiaries, as “GF Securities” or the “Company”, HKSE: 1776; SZSE: 000776) and The Hong Kong University of Science and Technology Entrepreneurship Center (“HKUST Entrepreneurship Center”, and The Hong Kong University of Science and Technology, “HKUST”) successfully held a public seminar on entrepreneurship at HKUST on 9 November 2017, which attracted a large number of students and entrepreneurs. GF Securities has been actively devoting itself to student entrepreneurship activities. Leveraging on its advantages and experiences in China’s capital market for years, the Company spares no effort to deliver entrepreneurial knowledge to young people…

Strong boost on Own Brand business development and sustainable performance growth HONG KONG — Tianyun International Holdings Limited (“Tianyun International”, together with its subsidiaries, the “Group”) (Stock code: 6836.HK), a leading seller and manufacturer of processed fruits products in China, is pleased to announce that Shandong Tiantong Food Co., Ltd., a wholly-owned subsidiary of the Company, was invited to participate in the Autumn China Food & Drinks Fair (the “Fair”), As the industry’s leading and reputable event, this Fair attracted hundreds of thousands of exhibitors from domestic and abroad. It is an ideal platform for industry distributors to purchase and source…

Net Profit Climbs 130% with Revenue Up by 64.8% HONG KONG — Precision Tsugami (China) Corporation Limited (“Precision Tsugami”, together with its subsidiaries, the “Group”, Stock code: 1651), the largest foreign-owned CNC high precision machine tool manufacturer today announced its unaudited interim results for the six months ended 30 September 2017. This is the first interim result announcement following the Group’s listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) on 25 September 2017. 2017 Interim Result Highlights – Net profit amounted to RMB1 billion, representing an increase of 130% as compared to the same period…

Strong Asian Market Potential Uncorked HONG KONG — The 10th edition of the Hong Kong International Wine & Spirits Fair concluded yesterday (11 November). The fair, organised by the Hong Kong Trade Development Council (HKTDC), was held from 9 to 11 November at the Hong Kong Convention and Exhibition Centre. A total of 1,070 exhibitors from 38 countries and regions presented exquisite wines from around the world. Nearly 20,000 trade buyers from 70 countries and regions attended the three-day Wine & Spirits Fair, up 2.3 per cent from last year. Attendance from individual countries recorded encouraging growth, including the Chinese mainland,…

Revenue Contribution of New Energy Business Climbs to over 70% of Total; Pushes Group Revenue Up by 53.1% HONG KONG — Northern New Energy Holdings Limited (“Northern New Energy” / the “Group”, stock code: 8246) today announced its unaudited third quarter results for the nine months ended 30 September 2017. During the period, with developing into a dynamic integrated new energy enterprise as its primary objective, the Group continued to drive the development of New energy business. During the period, revenue of the Group amounted to RMB112.9 million (corresponding period in 2016: RMB73.8 million), representing a leap of 53.1%, mainly attributable…

Emerging Markets See Good Growth and High-end Brands Tipped to be Top Sellers HONG KONG — The 25th edition of the HKTDC Hong Kong Optical Fair closed today. Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association, the three-day fair (8-10 November) attracted a record of more than 16,000 buyers from 103 countries and regions, up seven per cent over the previous year. The number of buyers from numerous emerging markets rose significantly, including the Chinese mainland, India, Indonesia, the Philippines and Thailand. Sizable growth in buyers was also recorded from mature…