Author: Marie Jones

Online Games Continue to Expand while Cloud Services Achieve Rapid Growth HONG KONG — Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2017. During the period under review, the revenue of Kingsoft increased 82% year-over-year to RMB1,213.4 million. Revenue from the online games, cloud services, and office software and services and others represented 67%, 22% and 11%, respectively, of total revenue. Gross profit increased by 48% year-over-year to RMB703.9 million. Operating profit increased 141% year-over-year to RMB265.2…

Continuing strategic acquisitions and taking internationalisation one step further HONG KONG — Ausnutria Dairy Corporation Ltd. (“Ausnutria” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1717.HK), a leading dairy industry company with production facilities principally based in the PRC, the Netherlands and Australia, engaging in the production and distribution of all dairy products (including infant formula) and nutrition products, is pleased to announce that on 23rd May 2017 (before trading hours), Ausnutrition Care Pty Ltd. (“Ausnutrition Care”), an indirect wholly-owned subsidiary of the Company, and ADP Group Ltd. entered into the Australian Dairy Park Pty Ltd (“ADP”) SPD,…

HONG KONG — At 24 March 2017, the Big Data Report of Trade Cooperation under the Belt and Road Initiative 2017 released. According to the figures, It was reported that the total trade volume between China and the along countries in 2016 about 953.59 billion US dollars, around 25.7% of the total trade volume of China. The export from China to the along countries increased steadily since 2011. In 2016, the export volume from China to along countries is about 587.48 billion US dollars and reached a high level in the recent years. Among which, Kyrgyzstan, Hungary, Romania, Cambodia and other…

– Nobel Prize nominee Daryl Thompson to lead research, conducted by Global BioLife Inc., supported by Charles River Laboratories – Six month target for validating lab data, twelve month target for completion of platform SINGAPORE — Singapore eDevelopment Ltd (“SeD”), through subsidiary Global BioLife Inc. (“Global BioLife”), has initiated advanced research on a new universal therapeutic drug platform known as Linebacker, to combat a range of diseases including Alzheimer’s, diabetes and cancer. The research will be led by two-time Nobel Prize nominee Mr Daryl Thompson. SGX-listed SeD (SP:SGE) said Mr Thompson would leverage his expertise in organic and carbohydrate chemistry and…

SYDNEY, AU. — Faecal Microbiota Transplantation (FMT) leader Professor Thomas Borody (MD, PhD) has called for a national faecal bank to fight drug resistant and epidemic diseases in hospitals and clinics across the country. Professor Borody, the Founder and Medical Director of the Centre for Digestive Diseases (CDD) in Sydney was the first in Australia to perform FMT, and he set up the world’s first faecal bank in 1988. Since then CDD has carried out more than 12,000 FMT’s and he has trained physicians from around the world in FMT techniques. Now many countries have their own national FMT banks, including…

Acer, ASUS, Advantech, Planet and VIVOTEK to lead the showcase of technologies and innovation around AI, green energy and smart cities, and IoT SINGAPORE — This year marks the debut participation of the Taiwan Excellence Pavilion at CommunicAsia 2017. Companies like Acer, Advantech, ASUS, Planet and VIVOTEK, and 14 Taiwan Excellence Award winning brands will be showcasing their latest technologies and innovations in the areas of artificial intelligence, green energy and smart cities, and the Internet of Things (IoT) at the upcoming three-day exhibition slated 23-25 May, at the Marina Bay Sands, BQ2-01, B2. According to Taiwan External Trade Development Council…

Among three outstanding awardees in food industry 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 the Group was awarded “2017 China’s Most Promising Listed Companies” by Forbes China, and is the only fast-growing enterprise in the Chinese processed fruits market receiving the honor. 2017 Forbes China Most Promising Listed Companies awards are given to the shortlisted 100 most promising listed companies in China, US and Hong Kong, with turnover in 2015 amounting RMB10 million to…

JAKARTA, INDONESIA — Wintermar Offshore Marine (WINS) Shareholders have approved the proposal to issue 400 million new shares without pre-emptive rights. In compliance with OJK regulations, the minimum price for the placement will be IDR258.48 and the approval is valid for a period of two years from 18 May 2017 to 18 May 2019. The placement of shares will provide the WINS Group with access to funding during the next two years. Cash raised from the fund raising will be used to reduce debt, provide working capital and funding for business development. With the increase in equity, the capital structure of…

More than 10,700 Buyers Visited the Fair, Up 7% over Last Year HONG KONG — The eighth HKTDC Hong Kong International Medical Devices and Supplies Fair concluded its three-day run today. Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA), the fair welcomed more than 10,700 buyers from 62 countries and regions, up 7 per cent over the previous year. Fair Video: https://youtu.be/vXsBp23PASw “With the ageing population and advancement in medical technologies, there is immense growth potential in the medical supplies and products market,” said HKTDC Deputy Executive…

Selangor, Malaysia – A group of researchers in Malaysia found that more equitable income distribution is resulting in better environmental quality in Thailand and Indonesia. However, in Malaysia, it has the opposite effect, while the two factors are unrelated in the Philippines. The research team, led by Abdul Rahim Ridzuan, an economist at Universiti Teknologi MARA, analysed the effects of income inequality, economic growth, trade openness, domestic investment and energy consumption on carbon dioxide emissions in four South-East Asian countries from 1971 to 2013. They determined the importance of each factor using an analysis tool called an autoregressive distributed lag…

JAKARTA — The Indonesian National Agency of Search and Relief (NASR, formerly BASARNAS) supports Indonesia’s growing tourism development by proactively ensuring safety and security across the country’s abundance of tourist destinations, with measures of prevention as well as alleviation. Indonesia is an archipelagic country blessed with many unique resources, and a beautiful natural wealth spanning phenomenal panoramas, god-given coral reefs, and exotic flora and fauna, abundantly covering the country from Sabang to Merauke. It is no wonder that tens of millions of international tourists flock to this country every year. Currently, Indonesia’s tourism sector accounts for approximately four percent of the…

New Pavilions Present the Latest Equipment and Technology; Held Concurrently with Hospital Authority Convention HONG KONG — The eighth HKTDC Hong Kong International Medical Devices and Supplies Fair opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA), the three-day fair (16-18 May) showcases the latest medical equipment, technology and related services, providing a one-stop business platform for the medical industry. This year’s Medical Fair welcomes a record 270 exhibitors from 14 countries and regions. The HKTDC has…

Provides Global Services as a Professional IT Service Partner Firmly Rooted in Hong Kong HONG KONG — Automated Systems Holdings Limited (“ASL” or “the Group”) (HKG: 771), a trustworthy and professional information technology (“IT”) partner in the region, has held “Innovation Journey on Solid Foundation” celebrating ASL’s 20th Listing Anniversary cum Joining of Grid Dynamics International, Inc. (“Grid Dynamics”) at The Ritz Carlton in Hong Kong today. Guests from different sectors of society attended the event to witness this important historical moment. The Group has also taken this opportunity to express its gratitude to all business partners and different sectors of…

HONG KONG — Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Group”) (Stock code: 976), is pleased to provide business development update after its completion of the acquisition of Scholz Holding GmbH (the “Very Substantial Acquisition”) in December 2016. Before the Very Substantial Acquisition, Scholz Holding GmbH and its subsidiaries (the “Scholz Group”) was significantly over-leveraged and therefore its equity value was negative. Following a series of the restructuring steps with respect to its financial situation and the significant deleveraging measures carried out by the Group, the performance of Scholz Group has improved since January 2017 which has led to an increase in…

Confident of Achieving THB 4,000m Revenue Target, Sustained Growths in 2017/18 BANGKOK — VGI Global Media PCL (SET:VGI), operator of a data centric media hypermarket, announced its operating results for 2016/17, highlighting a 30% YoY rise in revenue, achieved amid shrinking media spending. It attributed the success to the healthy growth in the OOH segment and the recognition of revenue from the acquisition of Rabbit Group companies. In view of a forecasted improvement in media spending this year, its management seek to grow the revenue for 2017/18 to THB 4,000 million. Mr. Marut Arthakaivalvatee, Vice Chairman of VGI, operator of a…

Huawei receives awards for Outstanding Contribution to Enabling Improved Customer Centricity and Open Digital Ecosystem Platform of the Year NICE, FRANCE — Huawei is the winner of two TM Forum Excellence Awards, in recognition of the exceptional transformation projects that the company, in partnership with its customers, has delivered over the past 12 months. TM Forum announced the Excellence Award winners at its flagship TM Forum Live! 2017 conference in Nice, France, during the Excellence Awards Gala dinner on Monday, May 15th, at the prestigious Palais de la Mediterranee. TM Forum also highlighted the winners during the opening keynote session on…

– Share Offer of 128,300,000 Shares at an Offering Price between HK$0.68 and HK$0.88 per Share – To Raise a Total of Approximately HK$73.4 million HONG KONG — VBG International Holdings Limited, one of the leading financial services providers in Hong Kong, has announced the details of its proposed listing on the Growth Enterprise Market (the “GEM”) of the Stock Exchange of Hong Kong Limited (the “SEHK”). VBG International intends to issue a total of 128,300,000 shares, of which 90%, or 115,470,000 Shares are offered under the Placing (subject to reallocation), and the remaining 10%, or 12,830,000 Shares are offered under…

JAKARTA — The Directors of PT Wintermar Offshore Marine (WINS) are pleased to announce that a number of companies within the WINS group have completed loan rescheduling agreements with key lenders. Loan periods and Principal repayments have been amended to more closely align these debt service obligations with cash generated. The Group considered this process necessary in view of the lower outlook on vessel utilization and charter rates following the sustained impact of lower oil prices globally and the reduction in spending by its major clients in the oil and gas extraction industry. Amendments to outstanding bank debt of US$ 71.4…

– To Reduce Transformation Risk and Accelerate Value Capture for Communications Service Providers – Huawei and Infosys sign Alliance Memorandum of Understanding focused on joint BSS solutions NICE, FRANCE — Huawei today announced the expansion of their Telco OS Partner Program to stimulate joint go-to-market approaches and solutions with Service (SI) partners. As part of this initiative, the company also announced that it has signed an Alliance Memorandum of Understanding with Infosys to explore joint solutions in the Business Support Systems (BSS) domain. This announcement was made at the TM Forum Live!2017, where both companies are participating. The Huawei Telco OS…

Ever-popular Geylang Serai Bazaar to return with over 1,000 stalls SINGAPORE — The annual Hari Raya Light Up 2017 in Singapore will return to Geylang Serai from 20 May to 7 July 2017, to delight local and international visitors with a visual extravaganza comprising over 900,000 LED light bulbs, and a month-long shopping fiesta. Themed “Deepening the kampung spirit”, the annual event will feature new larger-than-life installations fashioned after traditional Malay icons, and educational displays about Malay arts and culture. The ever-popular bazaar will also return with a wide array of food, snacks, and traditional Malay costumes and accessories. These will…