Author: Marie Jones

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…

NANJING, CHINA — A future where faecal transplants in China will cure conditions like autism, IBD, arthritis, Parkinson’s disease and even MS was presented by global Faecal Microbiota Transplantation (FMT) leader Professor Thomas Borody (MD, PhD) in his keynote presentation on non Clostridium difficile conditions, to open the international China Microbiota Transplantation Conference in Nanjing (April 12-14, 2017). Professor Borody, the Founder and Medical Director of the Centre for Digestive Diseases (CDD) in Sydney, Australia said many diseases have a unique microbiome profile which can be progressively changed to a normal profile with FMT treatment. At the state-of-the-art CDD facility, Prof.…

BANGKOK — Fast-growing SET-listed digital finance firm Group Lease PCL (“GL”; SET: GL) has reported impressive Q1 profits of 327.36 million baht, up 47.35% from the same period last year, on the back of improved performance in Thailand and most of the other regional markets in which the group operates. This Q1 profit represents a new record high for the tenth consecutive quarter, up from the 324.40 million baht net profit in the last quarter of 2016. In an official filing with the Stock Exchange of Thailand (SET) today (May 15), the company also disclosed that GL Holdings (GLH, a wholly-owned…

New Opportunities for Infrastructure Collaboration under Belt and Road HONG KONG — A Hong Kong-Shanghai joint infrastructure investment delegation visited Thailand and Vietnam this week to discuss cooperation and investment opportunities driven by growing intra-regional cooperation in Asia, especially under the Belt and Road Initiative. The delegation, organised by the Hong Kong Trade Development Council (HKTDC) in association with the Hong Kong and Macao Affairs Office of the Shanghai Municipal People’s Government, comprised some 40 investors and services professionals from Hong Kong and Shanghai. The delegates included those with interest and expertise in finance, consultancy, architecture, energy, waste and water treatment,…

Cellulose nanofibers can help particles in ink and printed electronics disperse evenly, rather than spread apart like dried coffee rings. Tsukuba, Japan — Drying is an important part of printing words and electronics. Particles suspended in liquid are applied to a surface and the liquid evaporates leaving the particles behind. Many times, the particles dry unevenly because of the so-called ‘coffee ring effect’. Much like when spilled coffee dries up and leaves behind a hollow ring, particles tend to move to the outside of the liquid droplet. This is a problem, particularly for printed electronics, which require uniform application of a…

Driven by Strong Non-acoustic and Dynamic components, up 225% and 14% respectively YoY HONG KONG — AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company”, Stock code: 02018) has today announced its unaudited results for the three months ended 31 March 2017, reporting revenue of RMB4,215 million and net profit of RMB1,062 million. For details, please refer to the Results Announcement which has been published on the website of HKEx and the Company. 2017 First Quarter Highlights (unaudited): – Most profitable Q1 in the Company’s history; – Revenue up 66% year-on-year with strong growth across core business lines; – RF Mechanical…

Revenue and Profit Attributable to Equity Holders Increased YoY 30.3% and 22.5% Respectively; The sales of own brands infant formula continue to grow; The sales of goat milk-based infant formula recorded new highs 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 announced its unaudited consolidated first quarter results for the three months…