Author: Marie Jones

SINGAPORE – As the world marks World Water Day, CropLife Asia took the opportunity to encourage greater awareness around the diminishing availability of this precious resource and highlighted the critical role that plant science technology plays in promoting greater water conservation in agriculture use. Projections have the global population eclipsing nine billion inhabitants by the year 2050, and Asia alone likely to have one billion more people calling it home by then. With the population growing, so too is the demand for food. According to the Food and Agriculture Organization (FAO) of the United Nations, growers around the world will…

Net Profit Soars by 126% HONG KONG —  SMIT Holdings Limited (“SMIT” or the “Company,” together with its subsidiaries, the “Group”) (stock code: 2239), a global leading CAM supplier and a major mPOS supplier in China, has announced its annual results for the year ended 31 December 2016 (the “Year”). Highlights – Net profit soared by 125.7% to US$7.5 million for the year ended 31 December 2016 – Excluding listing expenses, net profit rose by 40.8% year-on-year to US$9.4 million for the year ended 31 December 2016 – A final dividend of HK$0.015 per share was recommended by the Board -…

CENGKARENG, INDONESIA — National airline PT Garuda Indonesia (Persero) Tbk (GIAA.JK) and its subsidiaries maintained positive performance throughout 2016 with a net profit of US$9.36 Mil, or the equivalent of IDR 124.5 Bil (exchange rate IDR 13.300 per US$), while carrying a total of 35 Mil passengers on both Garuda Indonesia and Citilink Indonesia. The positive achievement was detailed in the Group’s analyst meeting which took place today at Garuda Indonesia headquarters in Cengkareng, and was attended by Garuda Indonesia directors and all the directors of the subsidiaries. The subsidiaries in attendance were Citilink Indonesia, Garuda Maintenance Facility (GMF-AeroAsia), Aerowisata, Sabre,…

HONG KONG — Flying Financial Service Holdings Limited (Stock Code: 8030.HK) (“Flying Financial” or “Company” and its subsidiary companies called “Group”) was pleased to announce the annual audited consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2016 (the “Reporting period”). In the reporting period, the Group’s revenue increased by approximately 166.5% compared with 2015 to approximately RMB289.2 million (the same below ); Profit attributable to owners of the Company was approximately RMB101.3 million as compared to last year, representing an increase of approximately 135.0%. In 2006, followed by China’s Internet financial good…

HONG KONG — Lee’s Pharmaceutical Holdings Limited (“Lee’s Pharm” or the “Group”, Stock Code: 950), an integrated research-driven and market-oriented pharmaceutical group in China, today announced its annual results for the year ended 31 December 2016 (the “year under review”). During the year under review, facing the challenging industry and market, the Group was able to maintain its profitability. The Group recorded sales revenue of HK$929,821,000, a year-on-year increase of 0.8%. Sales of licensed-in products accounted for 52.7% (2015: 54.6%) of the Group’s revenue while sales of proprietary products contributed 47.3% (2015: 45.4%) of the Group’s revenue. The proprietary products maintained…

HONG KONG – AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company”; Stock Code: 02018) has today announced its annual results for the year ended 31 December 2016, reporting revenue of RMB15,506.8 million and net profit of RMB4,025.7 million. 2016 Final Results Highlights (audited): – Revenue grew by 32% to RMB15,506.8 million and net profit rose by 30% to RMB4,025.7 million year-on-year, both are new highs; – Dual growth drivers comprising sales of dynamic components and non-acoustic solutions which grew by 29% and 56% respectively year-on-year, and both delivered gross margins of 40+%; – Annualized return on average equity (ROE)…

Proteomics, the leader in predictive diagnostics for DKD, advancing deals with commercialisation partners in Singapore and China this week PERTH, AUSTRALIA –Proteomics International Laboratories Ltd (‘PILL’; ASX: PIQ), a world leader in biomarker discovery in multiple project areas, is advancing deals this week in Singapore, Hong Kong and Shanghai for the Asia Pacific commercialization of PromarkerD, the ground-breaking test platform that uses protein biomarkers in the blood to predict the onset of diabetic kidney disease (DKD). Proteomics, or PILL, has been granted patents for PromarkerD in China and Singapore, following grants in Australia, Russia and the USA. There are currently…

HONG KONG — Tappy Technologies has announced a number of world renowned brands as Launch Partners at Baselworld 2017. These Launch Partnerships will see Tappy’s payment technology embedded into a wide range of traditional timepieces. Tappy is a pioneer in contactless wearable payments and a Global Wearable Program Partner of many leading banks and financial institutions. Its fully integrated technology can instantly transform any watch, piece of jewellery or accessory into a payment device. Tappy provides the highest level of security for payments and transactions and plays a strategic role in developing the wearable payment Ecosystem that bridges FinTech, banks, card…

TOKYO — Azelis is a leading global speciality chemicals distributor and employs more than 1,500 knowledgeable people located in 80 locations across the EMEA, Asia Pacific and Americas regions. Azelis has over 30 laboratories and technical centres serving the following industries: Personal Care, Pharma, Food & Health, Animal Nutrition, Specialty Agri/Horti, Homecare & Industrial Cleaning, CASE (coatings, adhesives, sealants, elastomers), Chemicals, Lubricants & Metal Working Fluids and Rubber & Plastic Additives. Azelis is pleased to announce the appointment of Hirotaka (Hank) Kawano as Managing Director of Japan. Kawano holds a Bachelor’s degree in Economics and started his career with a global…

Sized-up and Judged the Situation, Packed Light to Take the Field and Being Future-oriented to Recreate Greatness HONG KONG — V1 Group Limited (the “Company” or “V1”; Stock code: 82.HK) is pleased to announce the results of the Company and its subsidiaries (the “Group”) for the full year of 2016. Turnover of the Group for the year ended 31 December 2016 amounted to HK$0.15 billion, representing an increase of around 24.7% as compared with last year. Profit of the Group for the full year of 2015 amounted to HK$0.22 billion, loss for the full year of 2016 was HK$0.98 billion, it…

– Revenue decreased by 3.3% to RMB7,968 million for FY2016 – Profit from operations down 7.3% to RMB666 million HONG KONG — CIMC Enric Holdings Limited (“CIMC Enric”, or the “Company”, together with its subsidiaries, the “Group”) (HK:3899) announces its annual results for the year ended 31 December 2016. Mr. Gao Xiang, the Chairman of CIMC Enric, said, “CIMC Enric experienced a crucial year in 2016 with a range of challenges facing the sectors it engaged in. After many years of recorded profit attributable to equity shareholders of the Company, the Company reported a loss attributable to equity shareholders for the…

HONG KONG — Shanghai Pharmaceuticals Holding Co., Ltd. (“Shanghai Pharmaceuticals” or the “Company” and, together with its subsidiaries, the “Group”; stock code: 601607.SH; 2607.HK), the integrated pharmaceutical company in the PRC that has leading positions in both pharmaceutical products and service markets, released its 2016 annual results report today. From January to December 2016, Shanghai Pharmaceuticals’ operating revenue was RMB120.765 billion, representing an increase of 14.45% on a YoY basis. Net profit attributable to the equity holders of the listed company was RMB3.196 billion, representing a YoY increase of 11.10%. Net profit attributable to the equity holders of the listed company…

Start-ups, Smart Electronics & Lighting Products to be Showcased (Photo:) HKTDC Deputy Executive Director Benjamin Chau (right) and HKTDC Electronics/Electrical Appliances Industries Advisory Committee Chairman Dr Lo Wai-kwok (left) announce details of the Hong Kong Electronics Fair (Spring Edition), International ICT Expo as well as the Hong Kong International Lighting Fair (Spring Edition). HONG KONG — Organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition) and the International ICT Expo, will kick off at the Hong Kong Convention and Exhibition Centre (HKCEC) in April. The Lighting…

Retailing Guru Rakesh Biyani identifies keys to successful partnership building (Photo:) Retailing Guru Rakesh Biyani identifies keys to successful partnership building between Hong Kong and India during a seminar organised by the Hong Kong Trade Development Council in Hong Kong on 14 March. India is often regarded as the new land of business opportunity. More than 140 business people attended a seminar on “Access to Retail Market in India” with speaker Rakesh Biyani, the Joint Managing Director of Future Retail Ltd. & co-founder of Future Group. The seminar was organised by the Hong Kong Trade Development…

Overall Performance Returns to a More Reasonable Level HONG KONG — Yip’s Chemical Holdings Limited (SEHK: 00408) (“Yip’s Chemical” or the “Group”), the world’s largest manufacturer of acetate solvents and one of China’s major manufacturers of petrochemical products, today announced its annual results for the year ended 31 December 2016 (the “review period”). Highlights: – New high total product sales tonnage at approximately 1.2 million metric tons, up 17% year-on-year. – With product average selling price down year-on-year and Renminbi (“RMB”) depreciation continuing, turnover was around HK$8.6 billion, similar to that of 2015. – The Group’s overall performance returned to a…

Fully Develops Core Businesses; Revenue Reaches a New Record High HONG KONG — Kingsoft Corporation Limited (“Kingsoft” or the “Company;” HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its audited 2016 annual results and its unaudited 2016 fourth quarter results for the period ended 31 December 2016. For the year of 2016, revenue surged 46% year-over-year to RMB8,282.1 million. Revenue from the online game, Cheetah Mobile, and cloud services, office software and others businesses represented 31%, 53% and 16%, respectively, of the Company’s total revenue. Gross profit increased 29% year-over-year to RMB5,619.8 million. Operating profit…

Introducing Innovative Connectivity Solutions to Enterprise Markets HONG KONG — CSL Mobile Limited (‘CSL’) and Plover Bay Technologies Limited (‘Plover Bay’, stock code: 1523), proudly announce the joint partnership offering connectivity at its best to enterprises. As the premium brand of CSL Mobile Limited, 1O1O, the leader in mobile solutions and networks, is allying with Plover Bay, the creator of market leading SD-WAN technologies. This partnership will provide enterprises with unique and innovative connectivity services that boost productivity. By combining 1O1O’s strong wireless network presence with Plover Bay’s patented SpeedFusion(TM) technology, this partnership opens new possibilities such as rapidly-deployed high-definition video…

– Jinchuan International Announces Placing of 11.10% Stake of New Shares to A Wholly-owned Subsidiary of SD Hi-Speed Huanbohai (Tianjin) Equity Investment Fund (Limited Partnership); – At Share Price of HK$0.80 Per Share; – To Raise Net Proceeds of HK$384,400,000; – To Fund its Core Business HONG KONG — Jinchuan Group International Resources Co. Ltd (the “Company”, together with its subsidiaries, collectively referred to “the Group” or “Jinchuan International”, Stock Code: 2362.HK) today announced its annual results for the year ended 31 December 2016 (“Year Under Review”). The revenue for the year ended 31 December 2016 was US$364.8 million, representing a…

Chigasaki, Japan — ULVAC, Inc. is pleased to introduce the NA-1500 dry etching system for 600mm advanced packaging substrates, providing for uniform Descum and Ti etching processes. Higher data transfer speeds require high-density packaging technologies, while advanced mobile and wireless devices require thinner and higher-pin-count IC packages. Fan-Out Wafer Level Packaging (FO-WLP) is widespread, while Panel Level Packaging increases substrate size from 300mm to 600mm. While there are many 200mm/300mm wafer dry etching systems in the market today, there was no dry etching system for 600mm substrate, providing for a uniform Descum process and Ti etching process. ULVAC developed the new…

Data from Real Capital Analytics reveals top dealmakers by volume in 2016 SINGAPORE — JLL is the number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year, based on data published by Real Capital Analytics (RCA), an independent body that analyses real estate transaction volumes worldwide. According to the data, JLL tops the ranking in Asia Pacific, having achieved the highest value of investment deals overall in 2016 – a total of US$ 20.4 billion, which is 27.5 per cent market share in the region. The firm also scooped number one in the hotel sector with…