Author: Marie Jones

Enters into Subscription Agreement with CCB International to strengthen leadership position HONG KONG — China Success Finance Group Holdings (“China Success Finance”; HK:3623) is pleased to announce that it has entered into a subscription agreement with Chance Talent Management Limited, an wholly-owned subsidiary of CCB International (Holdings) Limited (“CCB International”), for the issuance of 2-year 6% Convertible Bonds with an aggregate principle amount of HK$154,000,000. According to the subscription agreement, the Convertible Bonds are convertible into shares at the initial conversion price of HK$2.20 per conversion share, which represents a premium of approximately 50% over the closing price of HK$1.47 per…

First-of-its-kind awards scheme acknowledges outstanding companies that set ESG performance and reporting best practices and standards HONG KONG — BDO Limited (BDO), the world’s fifth largest accountancy network, has announced and honoured today the winners of the inaugural BDO ESG Awards. The first-of-its-kind awards scheme in Hong Kong, the Awards recognise outstanding companies who have made a positive impact in the areas of Environment, Social and Governance (ESG) and aim to raise awareness and provide companies with examples of best practices to fulfil the increasing expectations and requirements on ESG performance and ESG reporting standards. The BDO ESG Awards are organised…

HONG KONG — BDO Limited (BDO), the world’s fifth largest accountancy network, is holding the awards presentation ceremony of the inaugural BDO ESG Awards today to recognise outstanding Hong Kong-listed companies which have made a positive impact in the areas of Environment, Social and Governance (ESG) through excellent performance in ESG reporting and implementing outstanding sustainability initiatives. The Awards aim to encourage companies to be more aware of their social responsibility and to incorporate sustainability best practices into their business and reporting models. Advocating high-quality ESG reporting Effective 2016, every listed company in Hong Kong has been required by the Hong…

SINGAPORE — To usher in the Year of the Dog, this year’s Chinatown Chinese New Year Celebrations 2018 will feature a rich line-up of festivities for local and overseas visitors, as well as dog lovers, pet owners and their furry loved ones to come together and celebrate Chinese New Year in Chinatown. Crowd favourites such as the Street Light-Up and Festive Street Bazaar will be complemented by new events and interactive dog-themed activities that will add new colour and liveliness to the annual festival. This includes Ushering “Paws-perity” @ Chinatown (3 Feb 2018), a special dog-themed carnival that will be…

Investment is part of the Group’s strategy to diversify its revenue base beyond semiconductors into other high-growth sectors SINGAPORE — SGX Mainboard-listed UMS Holdings Limited (“UMS” or “The Group”) has today acquired 29.5% or 429,864,300 ordinary shares of Catalist-listed JEP Holdings Ltd (“JEP”) for a total sum of S$28,161,428. The acquisition, made fully in cash and funded by internal resources, is part of UMS’ strategy of diversifying its revenue and income base into high-growth sectors beyond the semiconductor industry. “Our acquisition of JEP is both strategic and synergistic for our Group as it offers us direct and immediate capacity into high-growth…

Offering of 250,000,000 Shares through Share Offer and Offer Price Ranging from HK$0.20 to HK$0.24 per Share HONG KONG — EDICO Holdings Limited (“EDICO” or the “Group”; Stock Code: 8450), a financial printing company in Hong Kong, has announced the details of its proposed listing on the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (“SEHK”). Offering Details EDICO intends to offer a total of 250,000,000 shares. The Share Offer comprises an offer of 25,000,000 shares under the Hong Kong Public Offer (subject to reallocation) and 225,000,000 shares under the International Placing (subject to reallocation and the…

In recognition of exceptional performance of 23 enterprises, elites from business community, media from local and China support with kind effort HONG KONG — The award presentation ceremony of Quamnet Outstanding Enterprise Awards 2017 (QOEA), organized by Quamnet, successfully held on 18 January 2018 at The American Club Hong Kong. Representatives of awarded companies, distinguished guests, business elites gathered to honor the remarkable achievements of outstanding enterprises. Stepping towards its 9th year; Excellent companies flourishes in QOEA Since 2009, Quamnet has been organizing Quamnet Outstanding Enterprise Awards (QOEA), which has committed to appraise outstanding enterprises for their success with rigorous assessment.…

Revenue Increases 49.1% to HK$89.3 Million; Net Profit Up by 455.3% to HK$26.1 Million; Recommends a Final Dividend of HK0.2 Cent per Share HONG KONG — K W Nelson Interior Design and Contracting Group Limited (“K W Nelson” or the “Group”; Stock Code: 8411), a Hong Kong-based interior decorator focusing on commercial premises including office and retail space, has today announced its annual results for the year ended 31 December 2017 (“FY2017”). During the year under review, the Group’s revenue solidly increased by 49.1% to approximately HK$89.3 million (FY2016: HK$59.9 million). Gross profit rose by 49.2% to approximately HK$38.8 million (FY2016:…

Taiwan — In recent years, driven by the increased connectivity, sophisticated data-gathering and analytics capabilities enabled by the Internet of Things (IoT) have led to a shift toward an information-based economy. With these waves of change reshaping the technology landscape, the market will need more advanced semiconductor products to meet the global demand. This has led to ASM Pacific Technology Ltd. (ASMPT), a world leader in the supply of semiconductor assembly and packaging equipment and materials, as well as surface mount technology applications to ride on the current trend as it announced today the opening of its Research & Development Center…

SINGAPORE — ASM Pacific Technology Ltd. (ASMPT), has been recognized as one of the Top 100 Global Technology Leaders by Thomson Reuters in its inaugural program and is the only company established in Hong Kong. ASMPT is a world leader in the supply of semiconductor assembly and packaging equipment and materials, as well as surface mount technology applications. ASMPT is listed in the Stock Exchange of Hong Kong (Stock code: 0522) and is headquartered in Singapore. A 28-data-point algorithm was used by Thomson Reuters to calculate and identify technological companies based on eight performance pillars. These include Financial Performance, Management and…

SEOUL, KOREA – Biometics and security firm Suprema announced that the it will showcase CoreStation, the world’s most advanced biometric-based centralized access control solution at Intersec 2018. At the show, Suprema will showcase its latest range of centralized access control solutions including CoreStation (access control unit), fingerprint reader, RFID/keypad readers as well as updated BioStar 2, an access management software. The new Suprema CoreStation is an intelligent door controller which provides advantages of biometric-enabled security over centralized access control systems. Designed for mid to enterprise-level access control systems, CoreStation is capable of handling 500,000 users with incredible fingerprint matching speed…

Electron aims to transform the energy infrastructure using blockchain technology LONDON — Tokyo Electric Power Company Holdings, Inc. (TEPCO) announced today that it closed an early-stage bridging round investment in Electron at the end of 2017. Electron is a London-based technology company harnessing blockchain technology to establish more efficient, flexible, and reliable systems for the energy sector. Together, they will explore the potential to change the existing centralised structures to decentralised systems in energy transactions by using blockchain. “We are excited to work with Electron to explore and obtain additional know-how on blockchain that has the potential to significantly impact the…

SEOUL, KOREA – Biometrics and security firm Suprema has announced the establishment of Suprema Middle East FZCO, which will provide localized sales, marketing and technical support across the Middle East, a key strategic market for the company. The new operations are located in the Dubai Airport Free Zone. Suprema Middle East FZCO underscores Suprema’s commitment to advancing enterprise-level access control solutions in the UAE and across the broader Middle East region. Within the Middle East markets, Suprema has led biometric-enabled time attendance solutions and is observing increasing demand for electronic access control combining trending technologies including biometrics, mobile credential and…

First Data and JCB Help Discover Grow Acceptance at Key Merchants Riverwoods, Illinois — Discover Global Network, the payments brand of Discover Financial Services, will expand card acceptance at key merchants in Hong Kong by working with First Data and JCB International, the international operations subsidiary of JCB Co., Ltd. (referred to below as “JCB”). To expand into Hong Kong, Discover Global Network was able to leverage the existing acquiring partnership between JCB and First Data to accept all cards that run on Discover Global Network including Discover, Diners Club and affiliate network cards through Discover’s current net-to-net relationship with JCB.…

(A Result of NexTEP: Joint Industry-Academia Practical Application Development Project) Key Points – Problems with sensor electrode materials in electrostatic capacity-type touch panels used in smartphones resulted in difficulties responding to increasing trends for three-dimensional curves, flexibility, and larger screens on displays. – Tanaka Kikinzoku Kogyo constructed a system for manufacturing an almost invisible ultrafine wire metal mesh (MM) sensor film at a low cost, utilizing roll-to-roll process printing using silver nano ink. – This means that touch panel functions can be added evenly to bendable displays and can be used in OLED displays. It is also anticipated that films…

HONG KONG — Self-sovereign identity solution Blockpass has announced two new key memberships cementing its preparations for the public release of its application at the end of March this year. These memberships support the Blockpass mission of providing users with a blockchain based self-sovereign identity solution to better interact with regulated industries and the connected world. The first membership is with the Decentralized Identity Foundation (DIF), a group of leading industrial identity and technology experts, aims to establish how best to manage the future of distributed identity solutions and how the industry can focus on the development of standards. As a…

Survey finds majority of respondents upbeat about economic prospects in 2018; AI, other technologies pose biggest disruption to financial industry HONG KONG — More than 3,000 financial policymakers, financial elites and business leaders attended the two-day 11th Asian Financial Forum (AFF), which concluded yesterday. Co-organised by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council (HKTDC), AFF 2018 was held under the theme “Steering Growth and Pioneering Innovation: Asia and Beyond,” which examined the latest economic trends, industries with the greatest growth potential and investment opportunities presented by technology and innovation. More than 670 one-on-one meetings…

Minsk and Tokyo — Belinvestbank JSC (“Belinvestbank”), a leading bank in Belarus, and JCB International Co., Ltd. (“JCBI”), the international operations subsidiary of JCB Co., Ltd., launch acceptance of JCB Cards at ATMs and POS terminals. Belinvestbank is the first bank in Belarus to start acceptance of JCB card. Belinvestbank’s wide acquiring network has 500 ATMs and 7,300 merchants that will accept JCB Card for cash withdrawals and payments in Belarus. Takashi Suetsugu, General Director of JCB International Eurasia: “We are pleased that today JCB Card acceptance in Belarus is being enabled. In February 2017, citizens of Japan and 79 more…

Home-grown mobile game developer launches talent competition in search of Singapore’s top mobile developers and illustrators, while introducing three new mobile games SINGAPORE — Homegrown mobile game developer, Miiny Mobile Gaming Network has announced its inaugural Mobile Game Development and Illustration Talent Competition today, at the company’s launch and networking event, a platform for aspiring game developers and illustrators. Through the seven-month competition, Miiny aims to discover and recognise aspiring mobile game developers and illustrators in Singapore, while providing them an opportunity to collaborate with Miiny on top quality mobile games across the globe. “We are constantly on the lookout for…

Ulferts International Ltd (Ulferts, Stock Code: 1711.HK), a well-known furniture retailer in Hong Kong, today announced the details of its share offering and proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEx). A total of 200 million new shares are being offered under the Share Offering, comprising 180 million placing shares for subscription by investors and 20 million shares for subscription by the public in Hong Kong, representing 90.0% and 10.0% of the total number of the offer shares, respectively. The allocation of the offer shares is subject to re-allocation, whereby part of…