Author: Marie Jones

CORRECTION…by JCB Yakutsk/the Sakha Republic (Yakutia) and Tokyo/Japan — The title of the release dated June 27, 2017 should read: Joint-Stock Bank Almazergienbank launches JCB Card in Yakutia (instead of Joint-Stock Bank Almazergienbank launches JCB Card in Yakuitia). The corrected release reads: Joint-Stock Bank Almazergienbank, one of the major regional banks in the Russian Far East and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd, announced the launch of JCB card issuance and acceptance in Yakutia. Almazergienbank provides innovative and convenient banking services to its clients. JCB card issuance is a logical development for the bank,…

Demonstrates Full Confidence in the Group’s Prospects HONG KONG — Sky Light Holdings Limited (“Sky Light” or the “Group”) (stock code: 3882), a leading digital imaging device and solutions provider for the home imaging industry and a pioneer in the virtual reality (“VR”) industry, has announced that Mr. Tang Wing Fong Terry (“Mr. Tang”), Chairman, Chief Executive Officer and Executive Director of the Group has purchased a total of 4,130,000 ordinary shares of the Group (“Shares”) for an aggregate amount of approximately HK$7.0 million, further increasing his shareholding to approximately 51.96% of the Group’s entire issued share capital. On 5 June,…

The Aggregate Hammer Price of Online Auctions in the First Half of the Year Surges 209.3% HONG KONG — China Art Financial Holdings Limited (“China Art Financial” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1572.HK), the leading art finance service provider in China is pleased to announce that, the Company’s 2017 spring auction was successfully held on 25 June 2017 at Yixing City, Jiangsu Province, the People’s Republic of China, the total hammer price of the auction lots reached approximately RMB213.4 million (without calculating buyer’s commission), representing an increase of approximately 29.6% as compared with that of…

HONG KONG — Wonderful Sky Financial Group Holdings Limited (the “Company”, stock code: 1260.HK) is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 March 2017(the “Review Period”). During the Review Period, the Company’s business developed steadily. The Company’s revenue amounted to HK$619.9 million, Profit for the year attributable to owners of the Company amounted to HK$271.2 million, representing an increase of approximately 13.0%. Basic earnings per share amounted to HK$22.7 cents, increase of approximately 11.3%. The Company maintained a high dividend payout rate. The board of directors of…

Gross profit increased 8.1% to approximately HK$58.4 million HONG KONG — IBI Group Holdings Limited (“IBI” or the “Group”; Stock Code: 1547), a building contractor focusing on providing renovation services as a main contractor for property projects in the private sector in both Hong Kong and Macau, has announced the first annual results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 March 2017 (“FY2017”) since its listing in Hong Kong during October last year. During the year under review, the Group recorded revenue of approximately HK$615.4 million (FY2016 approximately: HK$661.1 million). Gross profit increased 8.1%…

Leasing Opens for Potential Tenants Worldwide; Perfectizes the Property Development Layout in Shenzhen HONG KONG — Chinney Investments, Limited (stock code:216) and Hon Kwok Land Investment Company, Limited (stock code:160) (“Hon Kwok Land” or the “Group”) jointly unveiled the Hon Kwok City Commercial Centre (“Hon Kwok Centre”), solely developed by Hon Kwok Land and located in the heart of the Futian commercial district, Shenzhen. “Launching and Signing Ceremonies for Hon Kwok Centre Global Leasing” was held today at The St. Regis Shenzhen for the signing of a strategic leasing agency and cooperation agreement between the Group and famous property consultancy, CBRE,…

Share Offer of 36,000,000 Shares; Offer Price Ranges from HK$4.0 to HK$5.56 Per Offer Share HONG KONG — Wealthy Way Group Limited (“Wealthy Way”) together with its subsidiaries, (the “Group”), a financial leasing and advisory services provider based in Shenzhen, Guangdong Province, has today announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”). Details of the Offer The Group intends to offer a total of 36,000,000 Offer Shares under the Share Offer (subject to the over-allotment option), of which 90% are for Placing. The remaining 10% of the Offer Shares…

TOKYO — Trillium Inc, a leading provider of IoT automotive cyber security solutions, today announced it has been named as one of Gartner’s “Cool Vendors in Security for Technology and Service Providers, 2017”, a report by Ruggero Contu, Lawrence Pingree, Deborah Kish and Dale Gardner of Gartner, Inc. (Published: 4 May, 2017). “It is a unique honour to be named a Gartner Cool Vendor 2017,” said David Uze, President and CEO of Trillium Inc. “As a designer and provider of multilayer, adaptive and custom Cyber-security systems, we are on a mission to solve the biggest threat facing society due to the…

The Indivisible Relationship Between Thailand & HK’s Jewelry Industry HONG KONG — After undergoing years of development along with the hard work from the Royal Thai Government, Thailand’s gems and jewelry sector has grown into a large-scale commerce destination among international markets. Interms of production, processing and trading, it is closely engaged with today’s world. “Thailand’s jewelry industry is majorly made up of gemstone processing, diamond cutting, fine jewelry and imitation jewelry. These are also the major components contributing to our country’s export.” said by Mr. Witt Maneenetr, Thai Trade Commissioner & Consul in Hong Kong. Thailand is known as the…

JAKARTA, INDONESIA — The success of GAIKINDO Indonesia International Auto Show (GIIAS) 2015 and 2016 as an international-standard automotive exhibition has been greeted with enthusiasm from industry players and automotive lovers in Indonesia. Entering the 25th year of the automotive exhibition run by GAIKINDO, the association for Indonesian sole agents will again present the GIIAS series on 10-20 August, 2017, at the Indonesia Convention Exhibition (ICE), BSD City, Tangerang. For GIIAS 2017, the theme GAIKINDO has chosen is “Rise of the Future Mobility”. Yohanes Nangoi, Chairman of GAIKINDO, revealed that the theme was chosen to represent the spirit of GAIKINDO in…

LE BOURGET, FRANCE — Garuda Indonesia, the national flag carrier of Indonesia, has been awarded ‘World’s Best Cabin Crew 2017’ by the Skytrax World Airline Awards, held at the Paris Air Show, Le Bourget, France. This marks the fourth consecutive year that Garuda has been recognized as world’s best, the award being presented by Skytrax CEO Edward Plaisted to Garuda Indonesia President and CEO Pahala N. Mansury during the official ceremony, last night, Tuesday, June 16. The President Director of Garuda Indonesia, Pahala N. Mansury, said, “The ‘World’s Best Cabin Crew’ award is another remarkable milestone for our airline, and Garuda…

SYDNEY, AUS — Asia Pacific specialist CRO Novotech announced today it has expanded its business offering to include central lab services through a preferred partnership agreement with Sonic Clinical Trials, an affiliate of international healthcare company, Sonic Healthcare. Through this unique partnership, Novotech clients will be able to select from a wide menu of assays or biomarkers, access a trial-specific kit assembly service and use a single clinical trial-dedicated laboratory with a global reach, for priority processing of clinical trial samples. Announcing the new partnership, Novotech CEO Dr. John Moller said, “Novotech has always focused on offering flexible and cost effective…

– Strives to promote sustainable growth of the industry – Expands talent pool and enhances professionalism of the insurance sector HONG KONG — To drive long term development of the insurance sector, the HKSAR Government has launched a three-year Pilot Programme to Enhance Training (“the Insurance Pilot Programme”) in August 2016 to introduce to the general public, students and in-service practitioners the professionalism of and diversified career opportunities in the insurance industry. The Insurance Pilot Programme emphasises promotional activities that target students and graduates, so as to equip them with a comprehensive knowledge on the different functional layers and career prospects…

Exploring Market through Finance Leasing and Value-added Services HONG KONG — Honghua (Stock Code: 196.HK), a leading global land drilling rig manufacturer, is pleased to announce that its indirect wholly owned subsidiary, Sichuan Honghua, signed the Sale and Purchase Agreement (“Agreement”) with Aerospace Science & Industry Financial Leasing Co., Ltd. (“ASIFL”), a connected person of Honghua, on six sets of top drive drilling systems at a total consideration of RMB 33,220,000. On the same day, Shenzhen Honghua, an indirectly owned subsidiary of Honghua, entered into the Finance Lease Agreement with ASIFL, pursuant to which ASIFL leases the Equipment to Shenzhen Honghua…

HONG KONG — Philips Lighting Hong Kong has recently appointed Mr. Timothy Mak as the new Group General Manager. Timothy holds a Bachelor degree in Computer Science from the University of London. Before joining the group, Timothy was the Managing Director of Avaya Hong Kong, responsible for Hong Kong, Macau and Taiwan region. He has accumulated 27 years of experience in the business communication systems and I.T. industry. Previously, he had also held management positions in Korea and Greater China, enriching his management experience in the Asia Pacific Region. Timothy aspires to improve people’s lives through continuous innovations under his leadership.…

HONG KONG — Man Wah Holdings Limited (“Man Wah” or the “Group”, stock code: 1999) would like to point out that the content of the Muddy Waters report published today is similar to that of the Muddy Waters PPT published earlier and does not contain any new arguments. The Group has already issued an announcement earlier in response to all the arguments Muddy Waters raised and would make further announcement should the Group have other supplementary information to provide. The Group is highly confident of its business and financial performance and has repurchased shares of the Company at more than HK$130…

SINGAPORE — The Board of Directors of Singapore eDevelopment Ltd (SeD) announced that its Global Systematic Multi-Strategy Fund (GSMS Fund) managed by Hengfai Asset Management Pte Ltd (HFAM), a wholly owned subsidiary of SeD’s investment-arm SeD Capital Pte Ltd, achieved a gross and net return of 15% and 10%, respectively, in its first year of operation. Launched on 1 June 2016, the GSMS Fund adopts an “all-weather” strategy that seeks to produce consistent risk-adjusted returns regardless of market volatility. The GSMS Fund employs a systematic approach focusing on liquid exchange traded securities that are diversified across asset classes, geographical regions and…

Beginning as an ambitious idea to create a world-class garden on reclaimed land, Gardens by the Bay has since grown to become an iconic attraction in Singapore SINGAPORE — Gardens by the Bay, Singapore’s horticultural-themed attraction renowned for its Supertrees and cooled conservatories, celebrates its fifth anniversary in June this year. Built on land reclaimed from the sea, Gardens by the Bay opened in June 2012. Five years on, it remains unique in the region as the only garden to combine nature with cutting-edge engineering and technology, to create an environment to showcase plants from all over the world. Situated in…

TOKYO — JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, is pleased to announce that CardPay, a global player and a European leader in e-commerce and transactional services, has signed a direct License Agreement to acquire JCB’s e-commerce card transactions across the SEPA region. With this agreement in place, JCB and CardPay will develop connectivity during Q3’17 and target to go live during Q4’17. JCBI’s acquiring strategy is to aggressively increase its acceptance footprint across the SEPA region by expanding its merchant acceptance network, including the e-commerce channel. Currently JCB cards are accepted at merchants worldwide. This important…

Investment lead by Strategic Investors with Core Focus in Loyalty and Exchange Systems. Funds will Accelerate Commercial Platform Development and Global Go-to-Market Strategy. SAN FRANCISCO, CA — Loyyal, the blockchain innovator building a global loyalty network, today announced it has closed a Series A capital raise led by Integrated Networks (iNet) with participants including UAE Exchange, Hayaat Group, Day One Investments, and other international investors. Hayaat Group is an early investor and led the Loyyal Series Seed capital raise. The company will use the capital to complete development of its platform and accelerate its go to market strategy with long term…