CITIC Telecom CPC becomes one of the first Asian managed service providers to host Points of Presence (POPs) along the “One Belt, One Road” LONDON — CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (“CITIC Telecom”) (SEHK: 1883), today announced that after CITIC Telecom CPC completed its acquisition of Linx Telecommunication B.V., the merged company is named CITIC Telecom CPC Europe (“CPC Europe”). It also marks a new era to the company as it becomes one of the first Asian managed service providers to own Points of Presence (POPs) across a multitude…
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Past and present HKSAR Chief Executives, political and business leaders officiate as Group marks major milestone HONG KONG — China Everbright Limited (“CEL”, stock code: 165.HK) today commemorated its 20th anniversary with a celebration cocktail at the Conrad Hotel Hong Kong, celebrating two decades since the Group was established in Hong Kong. More than 500 VIP guests from mainland China, Hong Kong and overseas were in attendance. The celebration cocktail got off to a moving start with a ballet performance of an episode from the classic masterpiece of literature Don Quixote by the Group’s long-term arts partner, the Hong Kong Ballet.…
Stable Growth in Unit Rental and Contracted Sales Significantly Increased by 114% HONG KONG — Joy City Property Limited (“Joy City Property” or the “Company”, Stock Code: 00207.HK) announced its unaudited operating figures of the Company and its subsidiaries (the “Group”) for the nine months ended 30 September 2017. The impact of the Internet makes the commercial real estate market facing more intense competition but also more new opportunities on offline consumption. Under this circumstance, Joy City Property strives to accelerate the development of asset management and strengthen customer asset management, and deeper further practice on lean-oriented operation of shopping…
SINGAPORE — Astaka Holdings Limited (“Astaka”) and Hatten Land Limited (“Hatten Land”), two property developers benefiting from major infrastructure developments in Malaysia, held investor presentations today at a seminar organised by the Singapore Exchange (“SGX”) and regional investor relations firm, the WeR1 Group. The two companies, which are listed on the Catalist Board of the SGX, presented their investment merits to more than 150 fund managers, analysts and corporate leaders at the “Beyond Klang Valley” investment seminar at the SGX Auditorium in the heart of Singapore’s business district. Both companies are positioned to tap new opportunities arising from major infrastructure developments…
SINGAPORE — SGX-listed Singapore eDevelopment Ltd (“SeD”) announced today that U.S. biomedical subsidiary Global BioLife Inc. has developed a breakthrough low-calorie, low glycemic index, natural, modified sugar Laetose — which has the potential to affect the world’s sugar market. Global Biolife has established a collaboration with top U.S. candy manufacturer Quality Candy Company LLC for the development, manufacture and global distribution of Laetose. Developed by Mr Daryl L.Thompson, Global BioLife Director of Scientific Initiatives, Laetose is a functional sugar with a 30% to 50% lower calorie-count than regular sugar, possesses low glycemic properties, and also assists in mitigating inflammatory responses. According…
Further Realized the Expansion in Promising Shale Gas Market HONG KONG — Honghua Group Ltd. (“Honghua”) (Stock Code: 196.HK), a leading global land drilling rig manufacturer, is pleased to announce that Honghua’s wholly-owned subsidiaries, namely Sichuan Honghua Petroleum Equipment Co., Ltd (“Sichuan Honghua”) entered into a 6,000HP electric fracturing pumps sales contract with China Aerospace Leasing Company Ltd. ( “CASLC”), with a total amount of approximately RMB 120 million. Pursuant to the contract, Sichuan Honghua will provide CASLC the new model of self-developed electric fracturing pumps by the end of 2017. This sales contract was the first order of the newly…
All-Asia equities broker Decker & Co. has partnered with Japan-focused research provider Pelham Smithers Associates SAN FRANCISCO, CA — All-Asia institutional equities broker Decker & Co. has launched a new partnership with independent research provider Pelham Smithers Associates (PSA). London-based PSA produces company and sector reports on Asian technology with a focus on Japan. The firm’s principals are decades-long Japan experts. “We are proud to bring PSA’s depth of insight to clients,” said Mark Decker, founder and CEO of Decker & Co., which has offices in Silicon Valley, New York, and Asia. “This partnership stems from the fact that many large…
Distributed, in-memory database enables correlation of customer profile, buying behaviour, sentiment and shopping trends based on cross-industry data sources in sub-seconds JAKARTA — OVO, a member of Lippo Group Digital, has chosen Kinetica, provider of the world’s fastest GPU-accelerated analytics database, and NVIDIA to spur innovation in big data and analytics that fully utilize a 360-degree customer view and derive real-time analytics and insights on shopping trends and the digital lifestyle. Lippo Group is a prominent conglomerate with significant investments in digital technologies, education, financial services, healthcare, hospitality, media, IT, telecommunications, real estate, entertainment and retail. Aggressively investing in big…
NEW YORK, NY — Kamakura Corporation reported Wednesday that it had completed an agreement to implement the Kamakura Corporation suite of solutions for Bank Islam Malaysia Berhad, an Islamic bank based in Malaysia that has been in operation since July 1983, for its balance sheet management, funds transfer pricing, and liquidity management processes. Bank Islam was established primarily to assist the financial needs of Malaysia’s Muslim population, and has since extended its services to the broader non-Muslim population fulfilling its “Banking-for-All” principle. Bank Islam is the first Shariah-based banking institution in Malaysia and South-East Asia, and has been playing the leading…
– Firmus is derived from the Latin word signifying Stability, Strength, and Steadfastness, which embodies the firm’s fundamental characteristics – Firmus Capital to start operations 1 November, led by dynamic team of investment professionals with strong track record in asset management SINGAPORE — Lim Su Kiat, co-founder of Rockworth Capital Partners Pte Ltd (“RCP”), has formed a new investment management company Firmus Capital Pte Ltd (“Firmus Capital”), which will start operations on 1 November 2017. The establishment of Firmus Capital follows a shareholder-led review of RCP’s investor strategy, where it was decided that a separate, independent investment management company would be…
Perth, Kuala Lumpur and Ontario — Australian Securities Exchange-listed food ingredient specialist Holista CollTech Ltd (ASX: HCT, “Holista”) announced today that it has developed a breakthrough noodle formula certified to have a low Glycemic Index (“GI”) – opening a major market for a healthier version of the staple which is vital in the global fight against diabetes and obesity. The noodles developed by Holista’s Buffalo, New York-based U.S. subsidiary of Holista Foods Inc. (“Holista Foods”), recorded a GI reading of 38 in independent tests conducted by Glycemic Index Laboratories, Inc, Toronto, Canada. The global average GI reading for noodles is 60.…
SINGAPORE — New Silkroutes Group Limited (“NSG”) today announced that New Silkroutes Capital Pte Ltd (“NSC”), a wholly-owned subsidiary, will acquire a 66% stake in European fund manager Culross Global Holdings Limited and related companies (collectively “Culross Global”) in a deal worth US$2.6 million. The NSG group has been restructuring, with NSC to serve as the financial ‘dashboard’ for the group’s invested verticals, which include financials, energy, healthcare and real estate. With this acquisition, NSC will on-board essential wealth management capabilities, and be able to operate seamlessly in European time zones in key European cities. NSC will also be responsible for…
HONG KONG — Universal Medical Financial & Technical Advisory Services Company Limited (“Universal Medical”, Stock Code: 2666.HK) held 2017 Smile Stroke Conference and the 10th Sino-U.S. Cerebrovascular Disease Forum in Tianjin during Oct 18-20, 2017. Supported by Stroke Management and Guidance Committee under NHFPC, the conference is also co-sponsored by Tianjin Huanhu Hospital and Neurosurgery Committee under Tianjin Association of Physicians. Numbers of reputed experts were invited to the conference, i.e., Mr. Wang Longde, academician of Chinese Academy of Engineering, deputy director of Stroke Committee under NHFPC and director of Stroke Management and Guidance Committee, Mr. Wang Jinhuan, deputy-director of Stroke…
DOWSIL(TM) represents combined power of Dow and Dow Corning; customers can continue to rely on same trusted silicone technologies for facade design MIDLAND, Mich. — Dow Performance Silicones, a global business unit of DowDuPont Materials Sciences division, announces the rollout of a new product brand name — DOWSIL(TM) — for its heritage Dow Corning high-performance silicone-based building products. The new DOWSIL product brand name represents the combined power of Dow and Dow Corning and emphasizes longstanding global expertise in silicone technologies across dozens of industries. Dow Corning revolutionized the way architects and fabricators design commercial facades, with 50+ years of proven…
Survey Reveals Industry Most Optimistic about ASEAN and the Chinese Mainland, Expects Audio Visual Products to Benefit from Smart Homes HONG KONG — The 37th Hong Kong Electronics Fair (Autumn Edition) and 21st electronicAsia concluded today. Closed on 15 October due to the tropical cyclone, attracted a total of 86,000 buyers from 139 countries and regions in three days. Over 60,000 buyers visited the Autumn Electronics Fair while around 26,000 visitors attended electronicAsia. Known as the ‘world’s largest electronics marketplace’, The Autumn Electronics Fair was organised by the HKTDC, while electronicAsia was jointly organised by the HKTDC and MMI Asia Pte…
Bringing together 1000+ top Asia focused PE, venture capital professionals and investors HONG KONG — The 30th Anniversary of the AVCJ Private Equity & Venture Forum (“AVCJ Forum”) will bring together over 1,000 leading industry experts and investors from 34+ countries to discuss the future of the private equity industry on 14-16 November in Hong Kong. These leaders will address some of the industry’s most pressing challenges, with a focus on Asia. “The private equity industry globally has undergone a significant evolution in the last 30 years, and in the last decade alone we have seen it go from boom to…
Continue to Expand Business into Different Markets; Further Enhance Long-term Profitability HONG KONG — Asia Allied Infrastructure Holdings Limited (“Asia Allied Infrastructure” or “the Group”) (stock code: 00711) is pleased to announce today that it has entered into a HK$900 million term loan facility agreement with three banks. Part of the loan will be used to restructure the loan portfolio of the Group, while the rest will be used for new business development. This facility will lower the finance cost of the Group, strengthen its financial position and enable the Group to accelerate its business into the market of the Asia…
SINGAPORE — This World Food Day CropLife Asia commended the Food and Agriculture Organization of the United Nations (FAO) for its efforts to bring greater awareness to the need for Food Security in combatting global hunger, and took the opportunity to herald the contributions farmers enabled by plant science technologies are making in Asia and around the world are making to feed a growing population. According to data from the FAO, world hunger is on the rise with an estimated number of undernourished people increasing from 777 million in 2015 to 815 million in 2016. Meanwhile, the Food Security situation has…
HONG KONG — China Everbright Limited (“CEL”, stock code: 165.HK), the overseas investment flagship of China Everbright Group, will host its Everbright Investment Conference 2017 at Kerry Hotel in Hong Kong on 26 and 27 October 2017. This year marks the sixth edition of the Everbright Investment Conference, following successful events in Sanya, Xiamen, Shanghai, Chongqing and Qingdao. Leading investors, business leaders and economists will unite under the theme “The Power to Transform” to discuss how Chinese investors and companies can make a difference by capitalising on emerging megatrends in the new global economic conditions. Hong Kong was selected as the…
Electronics Fair Showcases Start-ups; Google, Microsoft and Tencent Offer Insights in Symposium on Innovation and Technology HONG KONG — The 37th HKTDC Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and the 21st electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) and will continue through 16 October. As the world’s largest electronics marketplace, the Autumn Electronics Fair and electronicAsia attracted some 4,300 exhibitors from 25 countries and regions this year. The HKTDC has organised 140 buying missions, representing more than…