Author: Marie Jones

A Significant Milestone, Deeply Enhancing Presence in the Big Data Industrial Chain HONG KONG — Guangzhou (Nanxiang) Cloud Services Data Center (“Nanxiang Data Center”), established by Guangzhou Nowtop Technology Co Ltd (“Guangzhou Nowtop”), a wholly-owned subsidiary of Neo Telemedia Ltd (“Neo Telemedia”, HKE:8167), and Guangzhou Huade Industrial Ltd (“Huade”), held its grand opening ceremony in July 2017 and began a new chapter in the development of the modern data center with big data at its core. Nanxiang Data Center, the first self-financing and self-operating project in China, and jointly invested by Huade and Guangzhou Nowtop, will occupy a total constructed floor…

HONG KONG — Lifestyle Properties Development Limited (“Lifestyle Properties” or the “Company” together with its subsidiaries, the “Group”)( Stock Code: 2183.HK), is pleased to announce that the EGM held on 8 August 2017 passed the proposal to change the official registered English name of the Company from “Lifestyle Properties Development Limited” to “Sansheng Holdings (Group) Co. Ltd.” and the Chinese name of the Company “Lifestyle Properties Development Limited” replaced by “Sansheng Holdings (Group) Co. Ltd.” . Mr. Lin Rongbin, the founder and president of Fuzhou Sansheng Investment Co. Ltd. , acquired 59.56% of the issued share capital of the Company at…

Business leaders in major Asian economies report a more subdued outlook, but their peers in Australasia are the most confident in the world. HONG KONG — YPO, the premier chief executive leadership organisation in the world, reported today that confidence among business leaders in Asia fell marginally in the second quarter of 2017 (2Q 2017). Image: http://bit.ly/2fobqyT The YPO Global Pulse Confidence Index for Asia dropped 1.8 points to 61.5, reversing most of the improvements seen in the first quarter of the year, when the Index for the region gained 2.1 points. Broadly, the outlook in Asia has remained relatively unchanged in…

Steadily Enhance Operational Efficiency and Maintain Market Leadership HONG KONG — Jinmao Hotel and Jinmao (China) Hotel Investments and Management Limited (the “Company”, and, together with its subsidiaries, the “Group”, stock code: 6139.HK) today announced the interim results for the six months ended 30 June 2017 (“the Review Period”). Results Highlights – Total revenue amounted to RMB1,288 million, up 6% YoY – Revenue from hotel operations business was approximately RMB955 million, up 8% YoY – EBITDA of hotel operations business was RMB301 million, up 17% YoY – Profit attributable to holders of Share Stapled Units (“SSUs”) of the Company was approximately…

HONG KONG — The board of directors of China Harmony New Energy Auto Holding Limited (“Harmony Auto” or the “Company”, stock code: 3836.HK) is pleased to announce that FMC Cayman (“FMC”), of which the Company indirectly owns 33.33% equity interests, had entered into a capital increase agreement and a supplemental agreement (the “Investment Agreements”) with an investment fund (the “Investment Fund”) formed by several investors in relations to FMC’s latest round of financing. According to the Investment Agreements, the Investment Fund has agreed to invest US$ 200 million in FMC to subscribe FMC’s equity interests. Based on valuation of FMC’s this…

Mangrove trees, particularly their leaf litter, filter copper out of soil and water in Indonesia Selangor, Malaysia — Grey mangrove trees, Avicennia marina, filter heavy metals out of the surrounding soil and water. A new study from Indonesia has found that their leaf litter accumulates the most copper, followed by leaves and then roots. Researchers from Universitas Diponegoro analysed copper concentrations in a mangrove forest in Tapak Tuguerjo, an area along the northern coast of Java, Indonesia. The forest is downstream from a river polluted by a nearby factory. Copper concentrations in seawater samples from the study area ranged from 0.02…

Confident of Hitting Baht 4 Billion Full-year Revenue Target BANGKOK — SET-listed VGI Global Media PCL (VGI) has reported Baht 852 million revenue in the first quarter of its fiscal year 2017/18, an increase of 37% from the same period last year while net profit from operation was Baht 192 million. The company is confirmed full-year revenue target of Baht 4 billion. VGI’s Deputy Chief Executive Officer Mr. Lap Shun Nelson Leung said results from the first fiscal quarter (April 1-June 30) which represent a 37% increase from the same period last year showing a solid performance driven by an improvement…

TOKYO — Nikko Asset Management (“Nikko AM”) today announces that it is enhancing its disruptive innovation focused investment solutions by acquiring a minority stake in ARK Investment Management LLC (“ARK”). In this partnership Nikko AM will obtain exclusivity to offer ARK products and investment strategies in Japan and the Asia Pacific while its investment team intends to continue working closely with ARK’s disruptive innovation focused analysts. ARK has served as a sub advisor to Nikko AM’s Global Fintech Equity Fund, launched in Japan in December 2016 with total assets of over JPY 75 billion as of July 2017. The now enhanced…

SINGAPORE — TMT Finance Asia 2018 has been announced, taking place in Singapore at Marina Bay Sands on February 1 to assess the next wave of digital investment strategies transforming the region. The prestigious annual leadership conference, which is now in its 8th year and part of a global series by TMT Finance, brings together key telecom, media and technology companies, investment bankers, investors and advisers to assess regional strategy and investment opportunities. This year’s event will focus on the fast-changing communications landscape across Asia, including accelerating investment in areas such as fintech, ecommerce, AI and IT services; growth and convergence…

HONG KONG — PuraPharm Corporation Limited (“PuraPharm” or the “Group”, HKEX: 1498) is a leading Hong Kong-based Chinese medicine company specialising in the research and development, production and sale of Concentrated Chinese Medicine Granules (“CCMG”) products under the “Nong’s” brand. The Group has announced that its first-ever Nong’s Chinese Medicine Clinic in Mainland China has commenced operation at Nanning in Guangxi Zhuang Autonomous Region on 31 July 2017. The “Guangxi-Hong Kong CEPA Cooperation Project and Nong’s (Nanning) Chinese Medicine Clinic Opening Ceremony” has received support from various sectors, including leaders from relevant authorities of the Nanning Municipal, and representatives of various…

Fifth Profit Alert in Past Two Years; Reaping the Benefits of an Adjusted Business Strategy Sales of Own-branded Products and Profit Attributable to the Shareholders Expected to Surge by 50% 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, is engaged in the production and distribution of all dairy products (including infant formula) and nutrition products. Today, the Group is pleased to announce that it expects to record an increase of more than…

LAS VEGAS, NV — Trillium Inc, a leading automotive cybersecurity solutions provider, today announced its acquisitioon of the assets of cybersecurity consulting firm CanBusHack, Inc. Established in 2010, CanBusHack is the oldest automotive cybersecurity consulting and penetration testing company in the world. It is widely recognized as an industry leader thanks to its broad portfolio of successful projects with major OEM and Tier1 customers around the world. Trillium made the announcement during the annual DEF CON hacker convention, being held at Caesars Palace in Las Vegas, Nevada, from July 27 – 30. Trillium’s automotive cybersecurity technology is under attack in the…

New Businesses Becomes Growth Driver 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 unaudited interim results for the six months ended 30 June 2017 (the “Period”). Highlights – For the six months ended 30 June 2017, the revenue increased by 19.6% to USD32.2 million, mainly due to the growth in the CAM business and sales in the new O2O smart terminals and blockchain server businesses. Profit amounted to USD3.5 million, an increase of 77.9%, partly…

HONG KONG — China’s Leading Beauty Enterprise Mege Union International Group (“Mege Union” or “the Group”) is pleased to announce today that the Group recently garnered the “12th Outstanding China Beauty Enterprise Awards”, being the first Chinese medical beauty company presented with this award. This is another milestone achieved since Mege Union revealed its overseas expansion plan by entering into the strategic cooperation with Hong Kong’s leading SPA center FMH. Ms. Li Xuefei, General Manager of Mege Union attended the awards ceremony and received the award on the Group’s behalf. This award recognizes the continuous innovation and advancement of Mege Union…

– Evolving legislation, peer pressure and stakeholder expectation call for more investment in ESG reporting – Aligning ESG reporting with international standards will boost company value HONG KONG — A majority of Hong Kong-listed companies went beyond meeting the minimum environmental, social and governance (“ESG”) disclosure requirements in their first ESG report after the new ESG reporting regulations were introduced, but related investment was still limited, and the ESG reporting standards have room for improvement, according to a newly released study conducted by the Hong Kong member firm BDO, the world’s fifth largest accountancy network. First study of its kind reveals…

WINS 2Q2017 fleet utilization recovers to 56% from 49% in 1Q2017, while total revenue picks up by 11% on a quarterly basis. JAKARTA — Wintermar Offshore Marine (IDX:WINS) has reported 1H2017 financial results. 2Q2017 saw improvements in total revenue and utilization of vessels compared to the previous quarter, as total revenue picked up to US$14.6 million compared to US$13 million in 1Q2017, reflecting a gradual return of offshore activity as we had anticipated. However, for 1H2017, cumulative total revenue of US$27.7 million was still 43% lower Y-o-Y (year-on-year) compared to 1H2016. This was the result of the severe decline in demand…

Maps New Layout of Global Online Education Business HONG KONG — China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269) announced that it plans to acquire 54% of the total issued shares of SJW International Co., Limited (“SJW International” or “Siwon School”) at the maximum consideration of approximately US$135 million (approximately HK$1.05 billion). CFCG has recently been exploring and investing in high quality education projects, and optimizing the layout of its education business chain. Since the second half of 2016, the Group has increased its expansion into the international market by making agreements to cooperate with several international…

Manila, Philippines and Tokyo, Japan — JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the country. The new high-end credit card was formally unveiled at an exclusive gathering attended by BDO and JCBI executives, and members of the press at UMU Restaurant, Dusit Thani Manila. “The BDO JCB Platinum Credit Card offers a full suite of premier services, exclusive privileges and benefits custom-made for the discerning lifestyle and…

JAKARTA — The Association of Indonesian Automotive Industries (GAIKINDO) again presents the international automotive exhibition, the GAIKINDO Indonesia International Auto Show (GIIAS) 2017. Themed “Rise of the Future Mobility”, this year’s GIIAS will be held the 10-20 August at the Indonesia Convention Exhibition (ICE), BSD City, Tangerang, showcasing the initiatives GAIKINDO is taking to develop the Indonesian automotive industry in line with international markets. “GIIAS is in a series of international, world-class auto shows, and GAIKINDO is fully committed to showcasing the best automotive products for the community at GIIAS,” says Yohanes Nangoi, the GAIKINDO Chairman. “We want GIIAS to be…

Consortium of China IPPR and the World’s Top Design Company Tengbom Wins the Bidding HONG KONG — Recently, the tender for construction work of International Land Port Hospital Project Phase I co-established by Universal Medical Financial & Technical Advisory Services Co., Ltd. (“Universal Medical” or the “Company”; Stock Code: 2666.HK) and Xi’an Jiaotong University First Affiliated Hospital has been completed. After comprehensive review, the consortium of China IPPR International Engineering Co., Ltd. and Tengbomgruppen AB, a hospital designer from Sweden (the “Consortium”), won the bidding. It is reported that the bid evaluation committee consisted of 7 people, including one representative of…