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ACN Newswire press release news - Recent Press Releases

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    "DIAMONDSPIRIT" Newspaper Offset Press
    - Presses to Be Installed at Main Printing Facility -

    TOKYO, Sep 5, 2017 - (JCN Newswire) - Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-PPM), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, has received an order for three sets of "DIAMONDSPIRIT" newspaper offset presses from The Hokkaido Shimbun Press, a newspaper company headquartered in Sapporo. The new presses are to be installed successively at the main printing facility of the company's subsidiary Doshin Sogo Printing in Kitahiroshima, Hokkaido, between July 2018 and September 2019.

    http://www.acnnewswire.com/topimg/Low_MHIDIAMONDSPIRIT9517.jpg
    "DIAMONDSPIRIT" Newspaper Offset Press

    DIAMONDSPIRIT presses feature compact plate cylinders with a 1-page circumference, compared to the 2-page circumference common on conventional presses. The smaller diameter reduces by half the volume of printing plates set to the plate cylinder, while also lowering power consumption and space requirements.

    The origins of the Hokkaido Shimbun Press began with the publication of the Hokkai Shimbun in Sapporo in January 1887. The company was established on November 1, 1942, with the founding of the Hokkaido Shimbun following the merger of 11 newspaper companies in Hokkaido, and celebrates its 75th anniversary this year. Commonly referred to as "Doshin," circulation of the Hokkaido Shimbun daily morning edition currently exceeds one million copies. The company also publishes Doshin Sports and other specialty newspapers. Its subsidiary printing company has six locations throughout Hokkaido, and also prints national and regional papers under contract.

    This latest order for newspaper offset presses is the first MHI-PPM has received from the Hokkaido Shimbun Press in 16 years, since those for its Asahikawa plant in 2001. The company selected the DIAMONDSPIRIT, with its track record of over 40 presses delivered and in operation, based on such factors as reliable performance, high printing quality, and low running costs. The installation will be conducted while existing MHI presses remain in operation, and MHI-PPM will make a concerted effort to achieve this difficult project and meet the expectations of the Hokkaido Shimbun Press.

    MHI-PPM will be become part of Mitsubishi Heavy Industries Machinery Systems, Ltd. on October 1, 2017, but going forward will build on this order to enhance its focus on providing specific solutions-based marketing, uncover diverse customer needs for newspaper offset presses both in Japan and worldwide, and support the newspaper industry.

    About Mitsubishi Heavy Industries, Ltd.

    Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
    For more information, please visit the MHI Group website: http://www.mhi-global.com.
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: http://spectra.mhi.com.

    Contact:
    Joseph Hood, PR Manager Mitsubishi Heavy Industries, Ltd. Email: mhi-pr@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    The First Israeli Company to be Listed on the Main Board of SEHK

    HONG KONG, Sep 5, 2017 - (ACN Newswire) - Sisram Medical Ltd ("Sisram" or the "Company"; stock code: 1696.HK), a leading global provider of energy-based medical aesthetic treatment systems, today announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). The Company will be the first Israeli company to get listed in Hong Kong.

    Sisram plans to offer an aggregate of 110,000,000 shares (subject to the over-allotment option), consisting of 99,000,000 international offer shares (subject to reallocation and the over-allotment option) and 11,000,000 Hong Kong offer shares (subject to reallocation), at an indicative offer price range between HK$8.88 and HK$12.35 per share. The listing of Sisram constitutes a spin-off of the Company from Fosun International Limited ("Fosun International") and Shanghai Fosun Pharmaceutical (Group) Co., Ltd. ("Fosun Pharma"). Of the 99,000,000 offer shares initially being offered under the international offering, 5,500,000 offer shares will be offered to qualifying shareholders of Fosun International pursuant to the preferential offering.

    The Hong Kong public offering opened at 9:00 a.m. on Tuesday, 5 September 2017 and will close at 12:00 noon on Friday, 8 September 2017 in Hong Kong. Dealings in shares on SEHK are expected to commence on Tuesday, 19 September 2017, with the stock code 1696.HK in board lots of 400 shares each.

    Shanghai Free Trade Zone Phase I Equity Investment Fund Partnership Enterprise (Limited Partnership), Rise Huge Corporation Limited and Neo Derm Group Limited are the cornerstone investors. China International Capital Corporation Hong Kong Securities Limited and Jefferies Hong Kong Limited (in alphabetical order) are the joint sponsors, joint global coordinators, joint bookrunners and joint lead managers. Fosun Hani Securities Limited is the joint global coordinator, joint bookrunner and joint lead manager. Haitong International Securities Company Limited and Huatai Financial Holdings (Hong Kong) Limited are the joint bookrunners and joint lead managers. China International Capital Corporation Hong Kong Securities Limited is the sole settlement agent and sole stabilizing manager.

    The largest provider of energy-based medical aesthetic treatment systems in the PRC and the fifth in the energy-based medical aesthetic treatment system market globally

    Sisram is the largest provider of energy-based medical aesthetic treatment systems in the PRC. According to the Medical Insight Report, Sisram was ranked fifth globally in 2016 in terms of revenue derived from sales of energy-based medical aesthetic treatment systems. Taking advantage of the global growth in the market of energy-based medical aesthetic treatment systems and an overall increase in discretionary income globally, the Company, as the leader in the aesthetic medical treatment system market, expected to continue capitalizing on the growth of this market by cooperation with the Controlling Shareholder, Fosun Pharma. Besides, the Company also develops energy-based minimally invasive treatment system market segment, embracing the rapid growth in global energy-based vaginal rejuvenation treatment system. Sisram Medical was incorporated in 2013 when Fosun Pharma acquired Alma Lasers Ltd. ("Alma"). Today, Alma is a wholly-owned and principal operating subsidiary of Sisram. Broad technology platform and comprehensive product offerings with a wide range of applications has enabled the Company to meet the diverse and specific needs of various treatment providers and their treatment recipients.

    Strong R&D capability laid a solid foundation to continue launching a wide range of products and developing new technologies

    The Company's R&D efforts focus on meeting the specific needs of treatment providers using a systematic and user-oriented approach. For the each of 3 years from 2014 to 2016, more than 90% of our revenue from sales of products was derived from products that we developed in-house. The numbers for 2014 to 2016 are 91.8%, 93.0% and 93.7% respectively. The Company's brand Alma has launched over 50 models at treatment systems and more than 100 models at applications in surgical, medical aesthetic, and beauty segments. Sisram has a stable and professional management team, many of which having over 10 years industry experience. The Company's innovations have, among other things, made measurable improvements in causing less treatment recipient pain, minimizing the need to use pre-treatments consumables (e.g., skin-cooling gels or pain-relieving creams), improving efficacy and decreasing treatment time, which help to enhance treatment providers' practices and operating efficiency.

    Efficient mix of global sales and distribution channels resulting in high profitability

    The Company sells treatment systems in approximately 80 countries and jurisdictions worldwide. In the United States, Canada, Germany, Austria and India, the Company engages in direct sales to treatment providers. The Company maintains a lean and efficient direct sales team and structure capable of effective sales and marketing. In India, where the Company had only sold the products to distributors until recent years, the Company established a local subsidiary to engage in direct sales and it became profitable within the first year of its establishment. In other geographic markets including the PRC and rest of the Asia Pacific region, EMEA and Latin America, the Company sells products to distributors, who in turn sell the products to treatment providers. The Company has generally enjoyed stable long-term relationships with distributors, as evidenced by the fact that the Company have had at least three years of business relationships with over 40 of the Company's distributors. Distributors bring about the knowledge of the local business and regulatory environments and their access to local treatment providers and other market participants. Working with distributors enables the Company to expand their sales coverage at a faster pace and with much lower fixed costs. The selling and distribution and general and administration expenses are relatively low among the leading companies in the industry.

    Premium brand name associated with quality and reliable products, as well as high level of customer service

    The Company's brand "Alma" and many of its products and technologies, such as the signature Soprano and Harmony families of products and SHR technology, are known brand names in the global medical aesthetic treatment system market. The products and technologies have received positive commentary from physicians globally, and have also won a number of awards and recognitions. The Company's brand has a reputation for safety, reliability and high quality. All of the technologies utilized in the Company's current products are registered with CE and approved for sale in Europe, and all the Company's products being sold in the U.S. have obtained the required FDA's 510(k) clearance. The Company adopts a stringent quality control over the production process and supply chain, and it purchases most of the key raw materials and components from the approved suppliers in Israel, the United States, Germany, the United Kingdom and Spain. In addition, the Company offers a high level of customer service and support, and has been recognized for fast and on-time product delivery to customers. To help ensuring that the sales force provides professional support and guidance to treatment providers, each of the Company's salespersons is required to undergo a clinical and technical training programs.

    Mr. Yi Liu, the Chairman and Executive Director, said, "Sisram is the first Israeli company to be listed in Hong Kong. Through the listing, the Company is expecting to enhance brand and business development in the PRC as well as attract new investors seeking investment opportunities in the medical devices sector, consequently accelerate our development." Looking forward, Mr Liu added, "we will continue to promote our brands, increase market awareness and sales of our products, as well as expanding our sales and distribution channels. We will continue to meet the evolving demands of treatment providers and treatment recipients by launching innovative products driven by our research and development strength. Also, we will continue to increase our market share in the global energy-based minimally invasive treatment system market and strengthen our position as the largest provider of energy-based medical aesthetic treatment systems in the PRC. Furthermore, we will capture growth opportunities and add new revenue streams through acquisitions or strategic partnerships globally, so as to maximize the return to our shareholders."

    About Sisram Medical Ltd

    Sisram Medical Ltd (stock code: 1696.HK) is a leading global provider of energy-based medical aesthetic treatment systems, with comprehensive in-house capability to design, develop and produce such systems, which often feature the Company's innovative and proprietary technologies. "Alma" brand, as well as the brands of many of the Company's products such as "Soprano", "Harmony", "Accent" and "FemiLift", are widely recognized and well regarded among treatment providers and treatment recipients internationally. The Company has also been the largest provider of energy-based medical aesthetic treatment systems in the PRC market and one of the leaders in the medical aesthetic treatment system market globally, in terms of revenue in 2016, according to the Medical Insight Report. The company sells its treatment systems in approximately 80 countries and jurisdictions worldwide. Sisram, incorporated in 2013 in Israel, is a non-wholly owned subsidiary of Fosun Pharma. Fosun Pharma is a leading healthcare group in China with businesses covering the whole healthcare industry chain.

    Issued by Porda Havas International Finance Communications Group for and on behalf of Sisram Medical Ltd. For further information, please contact:
    Ms. Keely Chan +852 3150 6760 keely.chan@pordahavas.com
    Ms. Briar Lui +852 3150 6721 briar.lui@pordahavas.com
    Ms. Angela Shi +852 3150 6778 angela.shi@pordahavas.com
    Ms. Hermione He +852 3150 6702 hermione.he@pordahavas.com

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Mr. Ramsy Yeung (left), Chief Marketing Officer of Cigna Hong Kong; Dr. Enoch Wu (middle), Specialist in Endocrinology, Diabetes & Metabolism; and Ms. Kammie Yu (right), Founder, Angel of Diabetic discuss the trends in diabetes, challenges and support needed by diabetics in Hong Kong and announce the launch of Cigna HealthFirst DiaMedic Plan.
    - Tailored medical coverage for Type 1 and Type 2 diabetes, and pre-diabetes patients
    - Access to healthy lifestyle incentives and community support

    HONG KONG, Sep 5, 2017 - (ACN Newswire) - Cigna Hong Kong has today launched Cigna HealthFirst DiaMedic Plan ("DiaMedic"), a medical insurance solution tailored to the needs of individuals suffering from diabetes and pre-diabetes in Hong Kong. One in 10 people in Hong Kong suffer from diabetes[1], and the Hong Kong Hospital Authority reported a 31.5% increase in patients seeking consultation between 2009/10 and 2014/15[2]. DiaMedic is specifically designed to address the rising medical bills of these patients, who are frequently denied medical insurance coverage or face large premiums.

    According to a recent survey conducted by local diabetes patient support group Angel of Diabetic ("AOD"), over 90% of diabetics want medical insurance but only around 32% are protected by a medical insurance plan. The survey also found that some diabetes patients have been denied medical insurance (55%), and have had diabetes-related complications excluded from their policy (30%).

    "Cigna understands that people in Hong Kong who are at risk of diabetes, or are already a diabetic, find it difficult to obtain adequate protection locally. This is why we developed Cigna HealthFirst DiaMedic Plan, which offers a holistic solution to address Hong Kong people's diabetes rehabilitation needs," said Mr. Ramsy Yeung, Chief Marketing Officer, Cigna Hong Kong.

    "While diabetes is a chronic disease, it can be effectively managed through a combination of smart diet, exercise and medicine. Patients with manageable conditions can live a normal life through community support and contact with others afflicted with the disease. We have introduced additional health and well-being related features to DiaMedic, to offer a comprehensive medical insurance plan to help people manage their health proactively and cultivate a healthier lifestyle with tailored services and rewards," added Mr. Yeung.

    In addition to reimbursements of most incurred expenses for in-patient treatment[3], DiaMedic provides for up to 12 General Practitioner Outpatient Consultations every policy year. Customers with inpatient treatment due to diabetes will be assisted by a designated Care Manager upon hospital admission, in-hospital support and post-discharge follow-ups.

    Customers are entitled to a free annual diabetic medical check-up under DiaMedic. They can enjoy an annual health reward of up to HK$3,500 based on the results of their latest report[4]. A one-year free trial of the premium version of a top healthcare mobile app is also available, to help customers monitor their blood glucose level and support a healthy lifestyle. Customers will also be automatically enrolled as a member of Angel of Diabetic, where they can join classes on healthy lifestyles, receive diabetes-related consultation services and, most importantly, receive support from others facing the same situation as they strive towards a healthier lifestyle.

    "Cigna is dedicated to providing the right solutions to meet Hong Kong's diverse medical insurance needs. The Cigna HealthFirst DiaMedic Plan demonstrates our mission to improve the health, well-being, and sense of security not only of our customers, but of the whole community where we live and work," concluded Mr. Yeung.

    About Cigna Corporation

    Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioural health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in over 30 countries and jurisdictions, and has more than 95 million customer relationships throughout the world.

    About Cigna Hong Kong

    Since its presence in Hong Kong in 1933, Cigna has been offering insurance solutions at the right place and the right time, providing advice to customers throughout the different stages of their life journeys. Cigna delivers comprehensive health and wellness solutions to employers, employees and individual customers. Leveraging an extensive global healthcare network, Cigna provides group medical benefits that are suitable for international companies with a worldwide workforce, but also tailors cost-effective plans for local small and medium-sized enterprises that fit specific needs of the company and its employees. For individual customers, Cigna offers a full suite of health insurance products that caters for consumers' diverse needs. For more details, please visit www.cigna.com.hk.

    Notes:
    [1] Source: Hospital Authority, Hong Kong (http://bit.ly/2wBH9mC)
    [2] Source: Centre for Health Protection, Department of Health, Let's beat diabetes, World Health Day, 7 April 2016, P.9 (http://gia.info.gov.hk/general/201604/07/P201604070251_0251_162590.pdf)
    [3] For more details of coverage, please refer to the Benefit Schedule of Cigna HealthFirst DiaMedic Plan.
    [4] For more details on the eligibility of the annual health reward, please refer to the "Health Reward" section under the "Important Information" section of the relevant product brochure.

    MEDIA CONTACT:
    Cigna Worldwide Life Insurance Co. Ltd. & Cigna Worldwide General Insurance Co. Ltd.
    Stella Tsang
    Email: stella.tsang@cigna.com
    Tel: +852 2539 9327

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Models showcasing the latest designs will be mingling with global buyers at Walkabouts that have been organised throughout the fair.
    The World Brand Piazza, sponsored by Prince Jewellery & Watch, includes Jacob & Co. showcasing their Astronomia Solar Tourbillon Watch, with its delicate design valued at HK$2.8M, and Billionaire Tourbillon Watch, valued at HK$160M.
    Officiating at the opening of the 36th HKTDC Hong Kong Watch & Clock Fair.
    Stunning timepieces, Exquisite craftsmanship, One-of-a-kind treasures and a concluding Public Day on Saturday

    HONG KONG, Sep 5, 2017 - (ACN Newswire) - The 36th HKTDC Hong Kong Watch & Clock Fair opened with ceremony today, continuing through 9 September at the Hong Kong Convention and Exhibition Centre (HKCEC), showcasing watches, clocks, machinery & equipment, OEM Smart Watches, packaging, parts & components as well as trade services, providing a one-stop sourcing platform for global buyers.

    The opening ceremony was held earlier with Edward Yau, Secretary of Commerce and Economic Development for the HKSAR Government, as guest of honour. Organised by the HKTDC, the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd, the fair features a record 820-plus exhibitors from 24 countries and regions, including first-time participating country Lebanon.

    Concurrent with the Watch & Clock Fair, the Salon de TE hosts 150 international premium brands and designer collections in five thematic zones: World Brand Piazza, Renaissance Moment, Craft Treasure, Chic & Trendy and Wearable Tech. The Salon de TE will open to the public on the fair's last day (Saturday), when more than 90 brands will hold retail sales for visitors to purchase their favourite timepieces.

    The World Brand Piazza, sponsored by Prince Jewellery & Watch for the eighth consecutive year, presents 13 renowned international brands, including four first-time participants - Jacob & Co., Jaquet Droz, Juvenia and Montblanc - as well as returning brands Blancpain, Breguet, Chopard, CORUM, DeWitt, FRANCK MULLER, Glashutte Original, Piaget and Zenith.

    Gathering a wide range of eye-catching wristwatches, including:

    One-of-a-kind treasures
    - Jacob & Co.'s one-of-a-kind Billionaire Tourbillon Watch, valued at HK$160 million, features a case and strap set with 239 pieces of emerald-cut diamonds weighing, in total, 260 carats.

    Exquisite timepieces with great craftsmanship
    - Jacob & Co.'s Astronomia Solar Tourbillon Watch, valued at HK$2.8 million, features a 3D model on the dial, simulating the moon's revolution around the earth. The watch displays time with a 3D celestial panorama.
    - Anpassa's Ultra-Thin Ladies' Tourbillon Watch features a case with a thickness of only 8.1mm as well as a bottom plate set with natural diamonds.
    - Memorigin's Butterfly Rose Tourbillon Watch caters to the modern woman. The accessories on the case can be worn in seven different ways. The unique design challenges the traditional masculine form of Tourbillon watches.

    Blending watches with classic cars
    - H.I.D.'s T1D1 Mechanical Wristwatch is inspired by the vintage design of classic vehicles from the 1960s. The second and minute displays resemble a tachometer and speedometer. The patented outer case is changeable and the automatic mechanical movement has a power reserve of up to 80 hours.
    - VESPA's Heritage series spotlights the design elements of classic scooters' rational, emotional and functional features, offering five dials together with leather or mesh straps for customisation.

    High-end technology offers a variety of multi-functional features
    - Exclamation Ltd's Cupid Memory Watch series features patented leather straps with a range of colour choices. Enabled with NFC chips and QR code, users can share their precious moments with beloved ones via a mobile app.
    - Dnx Co, Ltd's Qliq is a smart and fashionable personal-safety watch with an LED display, with features including siren, guardian alerts, location tracking and NFC payment.
    - KaHa Pte Ltd's PRiSM integrates the latest smart technology and the charm of an analogue interface in a single module. The watch uses high-end technology to optimise battery consumption and is powered by "Cove" to bring users a range of smart apps and features.

    70+ buyer missions coming to do business
    The HKTDC has organised 77 buyer missions of over 4,300 buyers from 55 countries and regions, including renowned watch and clock manufacturers, buyers and retailers such as Taller Watches from Switzerland, Titan from India, Wenger's Ltd from Canada, Isetan Mitsukoshi from Japan, Shilla Duty Free from Korea, S. Bacher & Co from South Africa, Rivoli Group from the United Arab Emirates, and Jomashop.com from the United States.

    The hktdc.com Small Orders zone, located at Hall 1D concourse, features close to 130 watch and clock showcases, targeting buyers looking for minimum quantities of five to 1,000 pieces. The award-winning and finalist entries of the 34th Hong Kong Watch & Clock Competition are also on display at Hall 1B concourse to showcase local creativity to international buyers.

    Events Facilitate Industry Exchange
    More than 30 events, including networking events and watch parades, have been organised to facilitate the exchange of information among the industry. The Hong Kong International Watch Forum examined challenges and opportunities for the watch industry, while the Asian Watch Conference tomorrow will discuss the trends and designs of smartwatches. A Guide to Swiss-made Label will feature industry representatives discussing in detail.

    Celebrities, including Lisa Ch'ng, Ricky Fan, Milky Leung, Zoie Tam, Max Cheung, Jim Chim, Karena Ng and Daniel Chan, will take part in brand product launches. On Public Day (9 September), there will be a series of sharing sessions and activities where the industry can promote the latest watch trends. Visitors can also take part in two lucky draws.

    Fair Websites
    Watch & Clock Fair: www.hktdc.com/hkwatchfair
    Salon de TE: www.hktdc.com/hkwatchfair/te
    5-9 September: Trade visitors (Free Admission)
    9 September: Public day (Free Admission)
    Photol link: http://bit.ly/2wD6V8d

    About HKTDC

    The Hong Kong Trade Development Council (HKTDC) is dedicated to creating opportunities for Hong Kong's businesses. With 50 years of experience and more than 40 offices globally, the HKTDC promotes Hong Kong as the platform for doing business with China, Asia and the world. Visit us at www.hktdc.com/aboutus, or follow us on Google+, Twitter @hktdc and LinkedIn.

    Contact:
    HKTDC Communication and Public Affairs Department: Selina Fan Tel: +852 2584 4298 Email: selina.mi.fan@hktdc.org

    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Accelerate Growth Momentum of Generic Drugs and Proprietary Medicines Business

    HONG KONG, Sep 6, 2017 - (ACN Newswire) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Group"; Stock Code: 2633), a leading company engaged in the research, development, production, marketing and sale of generic drugs and proprietary medicines, has proposed to issue Convertible Notes under general mandate, in an aggregate principal amount of HK$500 million due in 2020, to two subscribers namely Dragons 615 Limited ("Dragons", a wholly-owned limited liability company of DCP China Credit Fund I, L.P. ("DCP Fund")) and HH InRe JP, Ltd. ("HH JP", an indirectly wholly-owned limited liability company of Hillhouse InRe Fund, L.P.). Dragons and HH JP have agreed to subscribe for the Convertible Notes in a principal amount of HK$280 million and HK$220 million, respectively. Jefferies is the sole placement agent in the proposed issue of the Convertible Notes.

    The Convertible Notes are convertible into shares at an initial Conversion Price of HK$2.50 per share, representing a premium of approximately 23.76% to the Closing Price of HK$2.02 traded on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 5 September 2017. Assuming full conversion, the Convertible Notes will be convertible into 200,000,000 Conversion Shares, representing approximately 9.92% of the enlarged share capital of the Company. The Notes will bear interest at a rate of 3.5% per annum.

    The net proceeds of HK$490 million from the subscriptions are intended for a) funding potential acquisitions or forming strategic alliances in the Asia Pacific region with a view to expanding the Group's geographical reach and market presence for its generic drug and proprietary medicine businesses; and b) supporting in-licensing and direct investment on technologically-oriented bio-pharmaceutical projects to contemplate an entry into the innovation-driven therapeutic areas.

    Dragons is wholly-owned by DCP Fund, which in turn is funded by renowned international institutional investors and a Singapore sovereign fund which is a wholly-owned subsidiary of Temasek Holdings. The general partner of DCP Fund is Dignari Capital Partners GP Limited and the sole investment advisor of DCP Fund is Dignari Capital Partners (HK) Limited.

    HH JP is indirectly wholly-owned by Hillhouse InRe Fund, L.P. The general partner of Hillhouse InRe Fund, L.P. is Hillhouse InRe Fund GP, Ltd. and its sole investment manager is Hillhouse Capital Management, Ltd. ("Hillhouse Capital"). Hillhouse Capital is a global firm of investment professionals and operating executives founded in 2005. Together with its group members, Hillhouse currently manages assets of US$30 billion on behalf of institutional clients. The issue of the Convertible Notes will not only strengthen the capital base of Jacobson Pharma, but also boost its cash position, enabling it to gather stronger growth momentum.

    Mr. Derek Sum, Chairman and Chief Executive Officer of Jacobson Pharma, said, "We are pleased to have gained the trust and support of the two reputable funds. We see it as a vote of confidence in our proven business strategies and the growth prospects of Jacobson Pharma as a whole. Being placed in a sound financial position, we will seek to accelerate our growth momentum by contemplating an expansion of our business portfolio through strategic acquisitions or alliances both vertically and horizontally, and also pursuing product differentiation through carefully-orchestrated R&D activities."

    Jacobson Pharma has been building a scalable proprietary medicine platform through strategic acquisitions since its listing in September 2016. Such endeavours have presented the Group with a steadily growing revenue stream and enhanced its geographical reach to key strategic markets in Asia Pacific. As a result of the acquisitions made during FY2017, the Group's proprietary medicine portfolio now comprises popular brands including Po Chai Pills, Ho Chai Kung Tji Thung San, Tong Tai Chung Woodlok Oil, Flying Eagle Woodlok Oil, Saplingtan, Shiling Oil and Col-gan Tablet, all of which are well-recognised by consumers.

    About Jacobson Pharma Corporation Limited (Stock Code: 2633)

    Jacobson Pharma is the largest generic drug company in Hong Kong with over 30% share of the total generic drug market for each year since 2012. The Group's proprietary medicines, notably being Po Chai Pills, Tong Tai Chung Woodlok Oil, Ho Chai Kung Tji Thung San, Contractubex Scar Gel Doan's Ointment, Flying Eagle Wood Lok Medicated Oil, Saplingtan, Shiling Oil and Col-gan Tablet have been widely recognized by the market. Jacobson Pharma has been a constituent stock of MSCI Hong Kong Micro Cap Index since 1 June 2017. For more details about Jacobson Pharma, please visit the Group's website: http://www.jacobsonpharma.com

    For media enquiries, please contact:
    Strategic Financial Relations Limited
    Vicky Lee Tel: +852 2864 4834 Email: vicky.lee@sprg.com.hk
    Angela Ng Tel: +852 2864 4855 Email: angela.ng@sprg.com.hk
    Angel Li Tel: +852 2864 4859 Email: angelok.li@sprg.com.hk

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    TOKYO, Sep 6, 2017 - (JCN Newswire) - Eisai Co., Ltd. has announced that it has signed an agreement with Merck & Co., Inc., Kenilworth, NJ, U.S.A. (known as MSD outside of the United States and Canada) to increase the target number of enrolled patients in a Phase Ib/II clinical study of its in-house discovered and developed microtubule dynamics inhibitor eribulin mesylate (product name: Halaven, "eribulin") in combination with anti-PD-1 therapy pembrolizumab (brand name: KEYTRUDA) developed by Merck & Co., Inc., Kenilworth, NJ, U.S.A., for the treatment of triple-negative breast cancer, due to encouraging initial data.

    The decision to expand the target number of enrolled patients is based on favourable interim analysis results of a Phase Ib/II study (Study 218) of eribulin in combination with pembrolizumab for metastatic triple-negative breast cancer, which is being jointly conducted by Eisai and Merck & Co., Inc, Kenilworth, NJ, U.S.A. The interim analysis results (n = 39)(1) indicated an objective response rate* to the combination therapy of 33.3% (1 patient experienced a complete response and 12 patients experienced a partial response). Additionally, the combination therapy demonstrated similar antitumor activity regardless of whether PD-L1 was expressed or not. In this study, the most frequently observed adverse events (Top 5) were fatigue, nausea, peripheral neuropathy, neutropenia, and alopecia. Based on the results of the interim analysis of Study 218, the target number of enrolled patients will be increased to approximately 150.

    Triple-negative breast cancer is a type of breast cancer where the cancer cells tested negative for expression of estrogen receptors and progesterone receptors, which are both targets for hormone therapy, and negative for expression of HER-2 receptors, which are targets for HER-2 inhibitors (a type of molecular target drug). Therefore, triple-negative breast cancer is extremely difficult to treat, and the development of new medicines is necessary.

    Eisai positions oncology as a key therapeutic area and is aiming to discover revolutionary new medicines with the potential to cure cancer. Eisai remains committed to creating new treatments for cancers with high unmet medical needs such as triple negative breast cancer, as it seeks to contribute further to addressing the diverse needs of, and increasing the benefits provided to, patients with cancer, their families, and healthcare providers.

    *Objective Response Rate: The ratio of patients whose cancer regressed at least a 30% decrease (Partial Response) or disappeared (Complete Response) after treatment.

    KEYTRUDA is a registered trademark of Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc., Kenilworth, NJ, U.S.A.

    About eribulin mesylate (product name: Halaven, "eribulin")

    Eribulin is the first in the halichondrin class of microtubule dynamics inhibitors with a novel mechanism of action. Structurally eribulin is a simplified and synthetically produced version of halichondrin B, a natural product isolated from the marine sponge Halichondria okadai. Eribulin is believed to work by inhibiting the growth phase of microtubule dynamics which prevents cell division. In addition, recent non-clinical studies showed that eribulin is associated with increased vascular perfusion and permeability in tumor cores.(2) Eribulin promotes the epithelial state and decreases the capacity of breast cancer cells to migrate and invade.(3) Eribulin was first approved in November 2010 in the United States as a treatment for patients with metastatic breast cancer who have received at least two chemotherapeutic regimens for the treatment of metastatic disease. Prior therapy should have included an anthracycline and a taxane in either the adjuvant or metastatic setting. Eribulin is currently approved for use in the treatment of breast cancer in over 60 countries worldwide, including Japan and countries in Europe, the Americas and Asia. In Japan, eribulin has been approved to treat inoperable or recurrent breast cancer and was launched in the country in July 2011. In addition, eribulin has been approved in countries in Europe and Asia indicated as a treatment for patients with locally advanced or metastatic breast cancer who have progressed after at least one chemotherapeutic regimen for advanced disease. Prior therapy should have included an anthracycline and a taxane in either the adjuvant or metastatic setting, unless patients were not suitable for these treatments. Regarding soft tissue sarcoma, eribulin was approved in the United States for the treatment of patients with unresectable or metastatic liposarcoma who have received a prior anthracycline-containing regimen in January 2016, approved in Japan for the treatment of soft tissue sarcoma in February 2016, and approved in Europe for the treatment of adult patients with unresectable liposarcomas who have received prior anthracycline containing therapy (unless unsuitable) for advanced or metastatic disease in May 2016.

    About Phase Ib/II clinical study (Study 218) of eribulin in combination with pembrolizumab

    Study 218 is a multicenter, single-arm, open-label Phase 1b/II clinical study which examined the activity and safety of eribulin in combination with pembrolizumab in 95 patients (12 patients for the Phase Ib part, 83 patients for the Phase II part) with metastatic triple-negative breast cancer previously treated with 0-2 lines of chemotherapy in the metastatic setting. Eribulin (1.4 mg/m2 intravenously on Day 1 and Day 8) and pembrolizumab (200 mg intravenously on Day 1) were administered to patients over 21 day cycles. The primary objective of the Phase Ib part was safety and tolerability, and the primary objective of the Phase II part was ORR. Progression-free survival was assessed as a secondary objective. In this interim analysis of 39 patients, 22 patients were previously treated with 1 to 2 lines of chemotherapy in the metastatic setting. The ORR was similar between PD-L1 positive (17 patients, ORR 29.4%) and negative (18 patients, ORR 33.3%) cohorts and it was 50% for the PD-L1 unknown cohort. Pembrolizumab alone demonstrated the tendency to increase the antitumor activity with PD-L1 positive in triple-negative breast cancer patients (KEYNOTE-012 study)(4) In this study, eribulin in combination with pembrolizumab is expected to show similar antitumor activity regardless of PD-L1 status.

    About research data on mechanisms of action in combination of eribulin and anti-PD-1 antibody

    Eribulin contributes to maintaining or increasing the activity of cytotoxic T lymphocytes (CTLs), which play a leading role in attacking cancer cells, via reduction of immune suppressive Treg cells and M2 tumor macrophages(5). The anti-PD-1 therapy pembrolizumab maintains or activates CTLs via its immune-checkpoint blockade. Eribulin in combination with pembrolizumab is expected to work synergistically in cancer immunotherapy.

    (1) Tolaney S, et al. Phase 1b/2 study to evaluate eribulin mesylate in combination with pembrolizumab in patients with metastatic triple-negative breast cancer. SABCS Abstract, 2016; P5-15-02
    (2) Funahashi Y et al. Eribulin mesylate reduces tumor microenvironment abnormality by vascular remodeling in preclinical human breast cancer models. Cancer Sci., 2014; 105, 1334-1342
    (3) Yoshida T et al. Eribulin mesilate suppresses experimental metastasis of breast cancer cells by reversing phenotype from epithelial-mesenchymal transition (EMT) to mesenchymal-epithelial transition (MET) states. Br J Cancer, 2014; 110, 1497-1505
    (4) Nanda R et al. Pembrolizumab in Patients With Advanced Triple-Negative Breast Cancer: Phase Ib KEYNOTE-012 Study. J Clin Oncol, 2016; 34, 2460-2467.
    (5) Albu D I et al. Eribulin mesylate alters immune homeostasis in mice bearing syngeneic tumors. AACR, 2012; Abstract #271603_1

    About Eisai

    Eisai Co., Ltd. (TSE:4523; ADR:ESALY) is a research-based human health care (hhc) company that discovers, develops and markets products throughout the world. Eisai focuses its efforts in three therapeutic areas: integrative neuroscience, including neurology and psychiatric medicines; integrative oncology, which encompasses oncotherapy and supportive-care treatments; and vascular/immunological reaction. Through a global network of research facilities, manufacturing sites and marketing subsidiaries, Eisai actively participates in all aspects of the worldwide healthcare system. For more information about Eisai Co., Ltd., please visit www.eisai.com.

    Contact:
    Public Relations Department, Eisai Co., Ltd. +81-3-3817-5120

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Sep 6, 2017 - (JCN Newswire) - Eisai Co., Ltd. has announced that it has signed an agreement with Merck & Co., Inc., Kenilworth, NJ, USA (known as MSD outside of the United States and Canada) to increase the target number of endometrial carcinoma patients to be enrolled in a Phase Ib/II clinical study of its in-house discovered and developed multi-kinase inhibitor lenvatinib mesylate (product names: Lenvima/ Kisplyx, "lenvatinib") in combination with anti-PD-1 therapy pembrolizumab (brand name: KEYTRUDA), developed by Merck & Co., Inc., Kenilworth, NJ, U.S.A., due to encouraging initial data.

    The decision to expand the target number of enrolled patients is based on favourable interim analysis results of the endometrial cohort in a Phase Ib/II study (Study 111) of lenvatinib in combination with pembrolizumab for multiple solid cancers, which is being jointly conducted by Eisai and Merck & Co., Inc., Kenilworth, NJ, U.S.A. The interim analysis (n = 23)(1) results indicated an objective response rate* to the combination therapy at 24 weeks of 52.2% (95% CI = 30.6 - 73.2) based on independent radiologic review and 47.8% (95% CI = 26.8 - 69.4) based on investigator review. Additionally, tumor regression was observed regardless of the state of microsatellite instability. In this study, the most frequently observed adverse events (Top 5) were hypertension, fatigue, arthralgia, diarrhea, and nausea. Based on the results of the interim analysis of Study 111, the target number of enrolled endometrial carcinoma patients will be increased to approximately 100. Patient enrollment is already underway.

    Endometrial carcinoma is the sixth most common cancer in women worldwide, with 320,000 new cases diagnosed in 2012.(2) In the United States, it is estimated that there will be 60,000 new cases and 10,000 deaths by endometrial carcinoma in 2017.(3) There currently is no drug approved in 2nd line and this is where the unmet need lies.

    Eisai positions oncology as a key therapeutic area and is aiming to discover revolutionary new medicines with the potential to cure cancer. Eisai remains committed to creating new treatments for cancers with high unmet medical needs such as endometrial carcinoma, as it seeks to contribute further to addressing the diverse needs of, and increasing the benefits provided to, patients with cancer, their families, and healthcare providers.

    *Objective Response Rate: The ratio of patients whose cancer regressed at least a 30% decrease (Partial Response) or disappeared (Complete Response) after treatment.

    KEYTRUDA is a registered trademark of Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc., Kenilworth, NJ, U.S.A.

    About lenvatinib mesylate (generic name, "lenvatinib", product name: Lenvima / Kisplyx)

    Discovered and developed in-house, lenvatinib is an orally administered multiple receptor tyrosine kinase (RTK) inhibitor with a novel binding mode that selectively inhibits the kinase activities of vascular endothelial growth factor (VEGF) receptors (VEGFR1, VEGFR2 and VEGFR3) and fibroblast growth factor (FGF) receptors (FGFR1, FGFR2, FGFR3 and FGFR4) in addition to other proangiogenic and oncogenic pathway-related RTKs (including the plateletderived growth factor (PDGF) receptor PDGFRalpha; KIT; and RET) involved in tumor proliferation. Currently, Eisai has obtained approval for lenvatinib as a treatment for refractory thyroid cancer in over 50 countries, including the United States, Japan, and in Europe, under the brand name Lenvima. Additionally, Eisai has obtained approval for the agent in combination with everolimus as a treatment for renal cell carcinoma (second-line) in over 35 countries, including the United States and in Europe. In Europe, the agent was launched under the brand name Kisplyx for renal cell carcinoma. Furthermore, in a Phase III clinical study (Study 304) comparing safety and efficacy of the agent versus the comparator sorafenib for the treatment of hepatocellular carcinoma, the agent achieved its primary endpoint of overall survival, meeting the statistical criteria for non-inferiority to sorabenib. Following the submission of applications in Japan (June 2017), the United States and Europe (July 2017), Eisai also plans to submit an application for lenvatinib for the treatment of hepatocellular carcinoma in China within the latter half of fiscal 2017.

    About Phase Ib/II clinical study (Study 111) of lenvatinib in combination with pembrolizumab

    Study 111 is a multicenter, open-label Phase Ib/II clinical study to evaluate the efficacy and safety of lenvatinib in combination with pembrolizumab. The primary endpoint of the Phase Ib part was to determine the maximum tolerated dose. Thirteen patients with unresectable solid tumors (non-small cell lung cancer, renal cell carcinoma, endometrial cancer, urothelial cancer, head and neck cancer, and melanoma) who had progressed after treatment with approved therapies or for which there are no standard effective therapies available were administered 24 mg (3 patients) or 20 mg (10 patients) of lenvatinib orally daily, as well as 200 mg of pembrolizumab intravenously every three weeks. The Phase II part was conducted on patients with select solid tumors who had previously undergone less than 2 chemotherapy regimens, with a recommended dosage of 20 mg of lenvatinib daily and 200 mg of pembrolizumab every three weeks as determined based on the results of the Phase Ib part. The primary endpoint of the Phase 2 part was objective response rate, with disease control rate, clinical benefit rate, progression-free survival, and duration of response measured as secondary endpoints. Currently, the Phase II part is ongoing in the United States. In addition, Phase Ib clinical studies of lenvatinib in combination with pembrolizumab for the treatment of select solid tumors (Study 115) and hepatocellular carcinoma (Study 116) are ongoing in Japan.

    About research on mechanisms of action in combination of lenvatinib and anti-PD-1 antibody(4)

    In a non-clinical study where mouse models were inoculated with mouse liver cancer, melanoma or colon cancer cell lines and treated with a combination of lenvatinib with an anti-mouse PD-1 antibody, synergistic anti-tumor activity was demonstrated, based on an immunostimulatory response due to the reduction in tumor associated macrophages and the enhancement of the ratio of memory T cells by lenvatnib.

    About Microsatellite Instability

    When DNA replicates, there are often errors in the base sequence of DNA (mismatches). If there is a defect in the ability to repair these mismatches, the damaged DNA results in cells becoming cancerous. Microsatellites are short repeated sequences of DNA in which mismatches are very likely to occur, causing mistakes in the number of iterations. This inability to repair mismatches in the microsatellites is known as microsatellite instability (MSI). Anti-PD-1 antibodies are generally more effective in patients with a high frequency of MSI and less effective in other patients.(5)

    (1) Makker V, et al. A phase Ib/II trial of lenvatinib (LEN) plus pembrolizumab (Pembro) in patients (Pts) with endometrial carcinoma. ASCO Meeting Abstract, 2017; #5598
    (2) World Cancer Research Found International: http://www.wcrf.org/
    (3) National Cancer Institute Cancer Stat Facts: https://seer.cancer.gov/statfacts/html/corp.html
    (4) Kato Y, et al. Upregulation of memory T cell population and enhancement of Th1 response by lenvatinib potentiate anti-tumor activity of PD-1 signaling blockade: Lenvatineb and PD-1 mAb combination. AACR Meeting Abstract, 2017; #4614
    (5) Dung T. Le. et al, PD-1 Blockade in Tumors with Mismatch-Repair Deficiency, The New England Journal of Medicine 372:2509-2520, 2015.

    About Eisai

    Eisai Co., Ltd. (TSE:4523; ADR:ESALY) is a research-based human health care (hhc) company that discovers, develops and markets products throughout the world. Eisai focuses its efforts in three therapeutic areas: integrative neuroscience, including neurology and psychiatric medicines; integrative oncology, which encompasses oncotherapy and supportive-care treatments; and vascular/immunological reaction. Through a global network of research facilities, manufacturing sites and marketing subsidiaries, Eisai actively participates in all aspects of the worldwide healthcare system. For more information about Eisai Co., Ltd., please visit www.eisai.com.

    Contact:
    Public Relations Department, Eisai Co., Ltd. +81-3-3817-5120

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC), opens at the Hong Kong Convention and Exhibition Centre today. The four-day (6-9 September) international fashion event gathers some 210 fashion brands from 22 countries and regions to showcase the latest designer collections.
    FASHIONALLY Collection #10 features the latest collection from local designer Mim Mak's label, HANG. Nearly 40 spectacular events are being held during CENTRESTAGE, including about 20 fashion shows.
    CENTRESTAGE will become "OPENSTAGE" on the last day (9 September) and welcome public visitors, enabling consumers to experience this major international fashion event and check out the latest designs from leading brands.
    Featuring 210+ Fashion Brands, Some 20 Fashion Shows

    HONG KONG, Sep 6, 2017 - (ACN Newswire) - Asia's premier fashion event CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC), started its four-day run (6-9 September) today at the Hong Kong Convention and Exhibition Centre (HKCEC). The show features more than 210 fashion brands from 22 countries and regions, along with nearly 40 fashion events, including the opening gala fashion show, CENTRESTAGE ELITES, some 20 fashion shows, as well as designer sharing sessions, an industry forum, trend forecast seminars and networking activities.

    CENTRESTAGE debuted last year as a new promotion and launch platform for international, especially Asian fashion brands and designs, reaffirming Hong Kong's position as Asia's fashion capital. Under the theme "Nouveau Playhouse," this year's CENTRESTAGE, which is one of the celebration activities of the 20th anniversary of the establishment of the HKSAR, features three thematic zones: GLAM, ALLURE and METRO. Exhibiting fashion brands include those from the Chinese mainland, Taiwan, Australia, France, India, Italy, Japan, Korea, Sweden, Thailand, the United Kingdom and the United States. Overseas brands include BARBARA DI DAVIDE - I CASHMERE, CHENG PAI CHENG, Edward Achour, GLAMOROUS, IVAN Pettersson, KEEPSAKE, LUNNAPADAR, N12H and Zero Design. Numerous local brands are also taking part in the show, including anagram, Angus Tsui, HARRISON WONG, izzue, Yi-ming and more.

    The HKTDC has organised 34 buying missions to visit the show, bringing buyers from more than 1,000 companies from 25 countries and regions, including Galeries Lafayette from France, Andreas Murkudis from Germany, Shinsegae from Korea, Isetan from Japan, select shops DONGLIANG and AnyShopStyle from the Chinese mainland and Breeze Center from Taiwan, along with local retailers such as Lane Crawford, Harvey Nichols, D-mop, DFS, Club 21 and more.

    CENTRESTAGE ELITES and other catwalk shows to preview upcoming style
    Some 20 fashion shows have been organised during CENTRESTAGE, including FASHIONALLY Collection #10, presented by online fashion hub FASHIONALLY. The show spotlights 10 up-and-coming local fashion designers collaborating to showcase Hong Kong's design prowess.

    Tonight's large-scale opening gala fashion show, CENTRESTAGE ELITES, will feature the 2018 spring/summer collections of Hong Kong fashion brand FFIXXED STUDIOS, founded by Kain Picken and Fiona Lau, and Korean design master Juun.J. The Korean brand's first runway show in Hong Kong has been made possible with the collaboration of brand partner JOYCE and the HKTDC. JUUN.J's 2017 fall/winter collection is also currently available at JOYCE.

    The "FASHION HONG KONG" RUNWAY SHOW", will follow CENTRESTAGE ELITES, showcasing the 2018 pre-spring and spring/summer collections of six local brands: HARRISON WONG (designer: Harrison Wong), KENAXLEUNG (designer: Kenax Leung), LOOM LOOP (designer: Polly Ho), DORISKATH (designer: Doris Kath Chan), Maison Vermillion (designer: Dora Chu), and HOUSE OF V (designer: Vickie Au).

    Another show highlight is the finals of The Hong Kong Young Fashion Designers' Contest 2017 (YDC), which will be held in the evening of 9 September. Over the years, the YDC has identified many outstanding designers for the local fashion industry and nurtured numerous Hong Kong designer brands. This year, 15 shortlisted young fashion designers will compete for the top three awards, the Best Footwear Design Award and the newly established New Talent Award. The VIP judge of the year is Mug, founder and designer of popular Japanese fashion brand G.V.G.V., who will come to CENTRESTAGE to share her insights and ideas with the finalists.

    Tomorrow (7 September), fashion environmental NGO Redress, will stage the grand final show of The EcoChic Design Award 2017. The following day (8 September), the Knitwear Innovation and Design Society will organise the Knitwear Symphony 2017 and the seventh Hong Kong Young Knitwear Designers' Contest. More local design talent will be uncovered on 9 September at The Hong Kong Footwear Design Competition, organised by the Federation of Hong Kong Footwear Ltd and co-organised by the HKTDC. In addition, numerous overseas brands, including Cindy Zhang (UK), DRESSEDUNDRESSED (Japan), MAXRIENY(Chinese mainland), POURQUOI (Macau), STYLE MEISEN (Japan), and local brands such as 112 mountainyam, Blind by JW, izzue, IKA BUTONI, YEUNG CHIN and WHOSTHAT are staging fashion shows during CENTRESTAGE to launch their latest collections.

    Global industry experts to discuss market trends
    The HKTDC has also invited experts from WGSN, Pantone and Fashion Snoops to forecast the coming year's fashion and retail trends. Tomorrow's (7 September) inaugural Fashion Summit (HK) 2017 is expected to be the first large-scale summit in Asia on fashion sustainability. The Summit is organised by the Clothing Industry Training Authority, Hong Kong Design Institute, Office of the Hon Felix CHUNG Kwok-pan, Member of the Legislative Council, Redress, Sustainable Fashion Business Consortium, The Hong Kong Research Institute of Textiles and Apparel and the World Wide Fund for Nature Hong Kong. Industry experts will gather at the two-day conference to discuss hot industry topics under the theme "Zero Impact."

    At various sharing sessions, CENTRESTAGE ELITES' FFIXXED STUDIOS, YDC VIP judge Mug, and Korea's Samsung C&T Corporation Fashion Division Vice President Jean Colin will offer insights into their creative journeys and markets.

    Hong Kong in Fashion
    The HKTDC has launched the Hong Kong in Fashion citywide campaign to spread the fashion buzz to the wider community. Between 15 August and 30 September, more than 90 fashionable activities are being staged around Hong Kong. The campaign is organised in collaboration with over 100 partners, including high-end hotels, shopping malls, fashion boutiques, restaurants and design institutes.

    CENTRESTAGE will become "OPENSTAGE" on closing day (9 September) and welcome public visitors aged 12 and above free of charge. A series of events, including a fashion parade, lifestyle tips-sharing, make-up and nail-art demo, will be arranged. Members of the public will have the chance to experience this major international fashion event and check out the latest designs from leading brands.

    CENTRESTAGE website: http://centrestage.com.hk
    The Hong Kong Young Fashion Designers' Contest 2017 (YDC) website: http://www.fashionally.com
    CENTRESTAGE schedule: http://centrestage.com.hk/en/event/schedule.php
    Hong Kong in Fashion schedule: http://centrestage.com.hk/files/page/36/17_centrestage_guidemap_op-02.jpg
    Fashion Summit (HK) 2017: http://fashionsummit.hk/
    Photo Download: http://bit.ly/2wEPRjT

    About FASHIONALLY.com
    The HKTDC launched the FASHIONALLY.com online platform in early 2012 to provide a unique networking and exchange platform for global fashion experts to connect, inspire and share information.

    For Media:
    Media representatives wishing to cover the event may register on-site with their business cards and/or media identification.

    About HKTDC

    Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
    - Google+: https://plus.google.com/+hktdc
    - Twitter: http://www.twitter.com/hktdc
    - LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

    Contact:
    HKTDC Communication and Public Affairs Department Sam Ho Tel: +852 2584 4569 Email: sam.sy.ho@hktdc.org Agnes Wat Tel: +852 2584 4554 Email: agnes.ky.wat@hktdc.org

    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Lina Al Nojum, ETC Managing Director, Ann Camarillo, President MobiCash Global, Khaldoun Bazzari, President and Founder ETC, Tamer Bazzari, Financial Adviser & Board Member, Ahmed Kisswani, technical manager (R-L).
    AMMAN, JORDAN, Sep 7, 2017 - (ACN Newswire) - Executive Telecom (ETC) is pleased to announce that they have signed a partnership agreement with MobiCash across the Middle East on August 31, 2017. The first services ETC and MobiCash will bring to the region begin in Jordan this month as part of JoMoPay, the Central Bank of Jordan's vision for mobile payments in Jordan.

    MobiCash offers a suite of mobile payment solutions that are crucial to expanding JoMoPay functionality and reach across Jordan. Services to be launched in September 2017 will include One Time Pin (OTP), bus payments, hospital and clinic payments integrated into medical systems, smart government payments and mobile payments in taxis.

    ETC works with Payment Service Providers (PSP's), government ministries, and merchants, to deliver mobile payments. Khaldoun F. Bazzari, ETC President and Founder, commented, "We are delighted to have MobiCash as our partner. We are delivering today on JoMoPay's vision for financial inclusion and electronic payments for everyone in Jordan using the device we all hold in our hand, our mobile phone."

    Ann Camarillo, MobiCash Global CEO, added, "It is an honor to work with ETC and bring our solutions to the region starting in Jordan. We have been very impressed with the work the Central Bank of Jordan has done to create and launch JoMoPay and their vision for financial inclusion."

    ETC, formerly known as Boloro Jordan, ended their partnership with Boloro Global on the 28th of August 2017, to focus on working with Mobicash and deliver comprehensive and timely solutions to JoMoPay in Jordan.

    For more about ETC, contact Lina Al Nojum at lina.alnojum@ezpayint.com.

    For more about MobiCash www.mobicashonline.com.

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    DENSO booth image
    Mock-up car to be exhibited (conceptual image)
    KARIYA, JAPAN, Sep 7, 2017 - (JCN Newswire) - DENSO Corporation has announced that it will exhibit at the 67th IAA (Internationale Automobil-Ausstellung) Motor Show in Frankfurt, Germany, from September 14-24, 2017.

    DENSO is committed to developing technologies in three priority fields improving personal mobility: automation, efficiency and connectivity. These technology fields are collectively referred to as the "Core Technologies for Future Mobility."

    In a press conference at IAA, DENSO will explain its vision for technology in these core fields and new developments in Europe. DENSO will also exhibit a mock-up car equipped with products from various areas that have been developed by the company.

    The mock-up car will show how DENSO products work beneath the surface in vehicles to improve safety and efficiency. DENSO will also introduce relevant products and technologies focusing on the three priority fields mentioned above. Videos will explain the values offered by DENSO in these three fields.

    DENSO will also exhibit products manufactured in Europe in a booth at the event.

    - Booth location: Hall 6 Ground floor, A10, Messe Frankfurt
    - Press conference schedule:
    Date and time: Wednesday, Sept. 13, 2017, from 9:20 a.m.-9:45 a.m. (at DENSO's booth)
    Presenters (planned):
    Sadahiro Usui, President and CEO, DENSO International Europe;
    Kazuoki Matsugatani, Head of EU Engineering, DENSO International Europe

    http://www.acnnewswire.com/topimg/Low_Denso917Booth.jpg
    DENSO booth image

    http://www.acnnewswire.com/topimg/Low_Denso917Car.jpg
    Mock-up car to be exhibited (conceptual image)

    About Denso

    DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

    Contact:
    Sadayoshi Yokoyama, Toshiko Watanabe DENSO CORPORATION Phone: 81-566-25-5594 Fax: 81-566-25-4509 sadayoshi_yokoyama@denso.co.jp toshiko_watanabe@denso.co.jp

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Sep 7, 2017 - (JCN Newswire) - Rostelecom, NEC Corporation and Netcracker Technology announced today that the first proof of concept (PoC) interoperability test for transport software-defined networking (SDN) in the Russian Federation has been successfully completed. Rostelecom is Russia's leading long-distance telecommunications service provider.

    In the PoC, optical networking equipment from Huawei, NEC and Nokia, as well as their corresponding domain SDN controllers, were managed by an umbrella transport SDN controller provided by NEC/Netcracker. This new hierarchical approach to transport SDN provided complete end-to-end control and visibility, automating operations across three separate optical multivendor domains.

    Cloud applications and IoT services are driving rapid bandwidth growth, resulting in the need for networks to scale more dynamically. It is also driving the need to accelerate service creation, deployment and restoration times. Rostelecom recognized the opportunity to meet this need through transport SDN. It also used this opportunity to put to test the true multivendor promise of virtualization.

    The PoC was designed to test the scenarios mentioned above. The multivendor aspect was addressed by selecting Huawei, NEC/Netcracker and Nokia. The umbrella transport SDN controller provided by NEC/Netcracker provided a unified multidomain view, thereby increasing network agility, end-to-end visibility as well as rapid provisioning and restoration capabilities.

    With these elements in place, Rostelecom network users can self-select new, on-demand transport services that are provisioned automatically and optimized dynamically according to bandwidth and network performance requirements.

    The PoC also demonstrated significantly reduced service ordering, configuration and activation process times, cutting what used to take months to just hours. This reduces opex and results in simpler configuration processes. Based on the demonstration, service restoration after a fault can drop to an average of just several minutes.

    "Together with equipment vendors Huawei, NEC/Netcracker and Nokia, Rostelecom proves transport SDN's ability to reduce costs and improve network automation," said Alexey Sapunov, Rostelecom Senior Vice-President for Technical Infrastructure. "By using NEC/Netcracker's multidomain transport SDN controller, which managed multiple underlying domain controllers, Rostelecom was able to eliminate vendor lock-in and lay the foundation for a true multivendor infrastructure."

    "NEC is proud to successfully complete the first multivendor transport SDN PoC in Russia. It proves the maximum performance to service providers across all transport layers with this multidomain, multilayer and multivendor transport SDN solution that optimizes network traffic and automates configuration," said Akihiro Sakurai, Managing Director of JSC "NEC Neva Communications Systems," NEC Corporation's subsidiary in the Russian Federation. "This proof of concept proved the ability to provide end-to-end network automation and control."

    "Networks need to undergo a significant transformation and we are excited that the demonstration results showed our Multilayer SDN Controller's ability to simplify and automate complex networks,"
    said Aloke Tusnial, Chief Technology Officer of SDN/NFV Business at Netcracker. "By proving interoperability across multiple optical vendors, NEC/Netcracker is helping service providers like Rostelecom to fundamentally rethink their network design and level of automation."

    "Huawei TSDN provides automatic discovery of resources, automatic service provisioning and recovery, and RESTful NBI to 3rd party orchestrators to achieve multidomain network unified control. This PoC test proved Huawei Transport SDN service automation and NBI openness," said Jin Yuzhi, President of Huawei Transmission Network Product Line. "Beyond that, Huawei has been developing the NCE (Network Cloud Engine) to streamline the end-to-end operation process on the network planning, management, control and analysis functionalities which will provide significant OPEX reduction."

    Demetrio Russo, Nokia Vice-president of the East Europe Market said, "The PoC proves once again that networks based on the Nokia 1830 Photonic Service Switch (PSS) platform are open to automated Optical Service creation and operation even in multivendor environments, by using the Open Abstract SDN APIs of the Network Services Platform (NSP). The NSP platform, our flagship SDN controller, provides world leading service providers like Rostelecom with a unified and more efficient way to automate, optimize and assure network services across multiple network layers, physical/virtual infrastructure, as well as networks from multiple vendors."

    For more information about the test please visit
    https://www.rostelecom.ru/en/about/net/sdn_test.php

    About Rostelecom

    Rostelecom (www.rostelecom.ru) is one of the largest national telecommunications operators in Russia and Europe. The Company operates in all segments of the telecommunications market and covers millions of households in Russia. Rostelecom is an undisputable leader of the broadband and pay-TV markets in Russia with over 12.6 million fixed-line broadband subscribers and over 9.5 million pay-TV subscribers, over 4.6 million of which are subscribed to Rostelecom's IPTV services. In the first half of 2017, the Group generated RUB 145.6 billion of revenues, RUB 46.2 billion of OIBDA (31.7% of revenue) and RUB 6.0 billion of net income. The Group is a market leader in providing telecommunications services to government bodies and corporates of all levels. Rostelecom is an important innovator that provides solutions in the field of E-Government, cloud computing, healthcare, education, security and housing & utility services. The Group's stable financial position confirmed by its credit ratings. Rostelecom was assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard&Poor's respectively, and AA(RU) by ACRA.

    About JSC "NEC Neva Communications Systems"

    JSC "NEC Neva Communications Systems" (NEC Neva) was established in May 1997. Today NEC Neva's specialization is supply of solutions in the field of Telecom & IT, Public Safety and SDN. NEC Corporation has owned 100 percent of its shares since autumn 2009. For detailed information, please, visit the website http://ru.nec.com

    About Netcracker Technology

    Netcracker Technology, a wholly owned subsidiary of NEC Corporation, is a forward-looking software company, offering mission-critical solutions to service providers around the globe. Our comprehensive portfolio of software solutions and professional services enables large-scale digital transformations, unlocking the opportunities of the cloud, virtualization and the changing mobile ecosystem. With an unbroken service delivery track record of more than 20 years, our unique combination of technology, people and expertise helps companies transform their networks and enable better experiences for their customers.

    For more information, visit www.netcracker.com

    About Huawei

    Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to enrich life and improve efficiency through a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei's 180,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers. Our innovative ICT solutions, products and services are used in more than 170 countries and regions, serving over one-third of the world's population. Founded in 1987, Huawei is a private company fully owned by its employees.

    For more information, please visit Huawei online at www.huawei.com

    About Nokia

    Nokia is a global leader innovating the technologies at the heart of our connected world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.

    From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in virtual reality and digital health, we are shaping the future of technology to transform the human experience. www.nokia.com

    About NEC Corporation

    NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

    Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.

    Contact:
    NEC Seiichiro Toda s-toda@cj.jp.nec.com +81-3-3798-6511

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    - Advanced passport technologies combine stronger security with an enhanced traveler experience
    - New ePassport trends will include growing deployment of eVisa information, smartphone-based digital identities and fully automated, biometric self-service passenger facilitation

    AMSTERDAM, Sep 7, 2017 - (ACN Newswire) - Gemalto, the world leader in digital security, announces that its advanced epassport technologies are now being used in over 30 different countries. Thanks to their outstanding security and the faster, more convenient border crossings they facilitate, the company's solutions help authorities strengthen homeland protection and improve the traveler experience.

    Gemalto's leading position has been built on the supply of complete travel documents and key components such as polycarbonate data pages, visible and hidden document security features, electronic passport covers and ICAO-compliant embedded software. In addition, the company's secure embedded software has consistently outperformed the competition in international tests on speed over the last decade. Gemalto is also making an active contribution to the definition of international ePassport standards.

    Introduced in 2005, the ePassport - which now represents 57% of passports in circulation - delivers enhanced fraud protection by incorporating a secure microprocessor that stores the holder's personal data and digital photo. Electronic passports include a standardized electronic portrait of the holder for facial recognition, which opens the door to a comprehensive range of automated, self-service airport services for passengers. This extends from check-in through to immigration control and boarding, resulting in an enhanced experience on arrival and departure.

    The future ePassport

    A new generation of ePassport will digitally store travel information such as eVisas and entry/exit stamps to support even more efficient immigration control.

    The key trends in travel documentation identified by Gemalto include:

    - Swift migration to tamper-proof polycarbonate data pages, which dramatically reduce the risk of fraud.
    - Rapid growth in secure digital identity credentials. Sensitive ePassport data is stored on the holder's smartphone to create a secure companion to the physical passport, making life easier for travelers.
    - Smart borders/smart airports to emerge at a faster pace. Combined with the hundreds of millions of ePassports now in circulation and a strong push behind biometrics (particularly facial recognition), they offer travelers quick and secure cross-border movement.

    "Over the past decade, Gemalto has helped develop some of the world's most secure and attractive ePassports, including landmark projects in Algeria, Denmark, Finland, France, Hong Kong, Italy, Korea, Morocco, Peru, Portugal, Norway, Singapore, Sweden and the USA," said Youzec Kurp SVP ID Document Solutions, Government Business Unit, for Gemalto. "Our success is based on close collaboration with partners, ensuring that the unique requirements of each project are always fully realized."

    Sources:
    [1] Gemalto May 2017

    More resources:
    - How Digital Travel Credentials could make travelers' lives easier http://bit.ly/2vN3KxP
    - LDS2: the Next Generation of Machine Readable Passport http://www.gemalto.com/govt/travel/lds2
    - A 7-step guide to passport security design http://www.gemalto.com/govt/travel/passport-security-design
    - The electronic passport in 2017 http://www.gemalto.com/govt/travel/electronic-passport-trends
    - Virtual passport: your passport in the cloud? http://www.gemalto.com/govt/travel/virtual-passport

    About Gemalto

    Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

    From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

    Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

    Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

    For more information visit www.gemalto.com, or follow @gemalto on Twitter.

    Gemalto media contacts:

    Philippe Benitez
    Americas
    +1 512 257 3869
    philippe.benitez@gemalto.com

    Kristel Teyras
    Europe Middle East & Africa
    +33 1 55 01 57 89
    kristel.teyras@gemalto.com

    Shintaro Suzuki
    Asia Pacific
    +65 6317 8266
    shintaro.suzuki@gemalto.com

    Press release (PDF): http://hugin.info/159293/R/2131918/814719.pdf
    Picture: http://hugin.info/159293/R/2131918/814787.jpg

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Kusile Power Station Unit 1
    - 800 MW Supercritical-pressure Coal-fired Unit Begins Commercial Operation -

    YOKOHAMA, Japan, Sep 7, 2017 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS), in cooperation with group companies in Africa and Europe, has completed delivery of the first boiler on the Kusile Power Station(1) currently under construction in the Republic of South Africa for Eskom Holdings SOC Ltd. The unit, a supercritical-pressure boiler which was part of an order received in 2007, has already commenced commercial operation. This is the third unit delivered by MHPS for one of the world's largest ongoing thermal power generation projects. Once completed, it will provide a total output of 9,600 megawatts (MW), delivered by two power stations each capable of generating 4,800 MW of power.

    The newly delivered boiler is one of 12 coal-fired units to be installed at the Medupi(2) and Kusile power stations, each offering a power output of 800 MW. The adoption of supercritical-pressure technologies enables more efficient power generation than conventional coal-fired systems, resulting in a significant reduction in carbon dioxide (CO2) emissions.

    Two other units are already in operation at the Medupi Power Station and have been in active use since August 2015 and April 2017. Eskom had previously announced that commercial operations at Kusile Power Station Unit 1 would launch by July 2018. However, thanks to the efforts of MHPS to shorten the construction period, commercial operation was achieved 11 months ahead of schedule.

    Eskom supplies power not only within South Africa but also to neighboring countries. Once completed, the Medupi and Kusile power stations are expected to contribute greatly to the economic development of South Africa and its neighbors. MHPS will continue to support the construction of the remaining nine boilers, seeking the earliest possible completion of the two power stations.

    (1) The Kusile Power Station is under construction in Witbank, Mpumalanga Province.
    (2) The Medupi Power Station is under construction in Lephalale, Limpopo Province.

    http://www.acnnewswire.com/topimg/Low_MHPS9717KusilePower.jpg
    Kusile Power Station Unit 1

    About Mitsubishi Hitachi Power Systems, Ltd.

    Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.com.

    Contact:
    Joseph Hood, PR Manager Mitsubishi Heavy Industries, Ltd. Email: mhi-pr@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    TOKYO, Sep 7, 2017 - (JCN Newswire) - Cyber Secure Car, the leading automotive cyber security conference, is set to come to Tokyo. Now in its third year, the annual meeting will host prominent automotive and transportation cyber security experts from 26 - 27 September, 2017 at Kogakuin University located in the heart of Tokyo's Shinjuku District.

    As vehicles become increasingly digital, connected and autonomous, the security and integrity of on-board systems is a top priority for the automotive industry.

    Over the two days, the conference will feature presentations from leading global automotive and security specialists covering issues including: hacker motivation & methodology; semiconductor integrity; on-board vehicle network security; OTA updates; cyber-physical systems & functional safety; connected infotainment; lightweight cryptography; V2X communications; secure embedded software development; data protection; privacy legislation and more.

    The aim of the conference is to give engineers and executives from OEMs, suppliers and service providers the knowledge and contacts they need to stay ahead in this fast-moving area and ensure that their customers, products and reputations stay protected.

    "Exciting new connected services and the promise of vehicle automation are turning the car into an attractive target for hackers, fraudsters and other sophisticated cyber criminals. And with today's vehicles incorporating up to 100 ECUs connected to a range of external networks including Wi-Fi, cellular and the internet, the challenge of protecting these complex systems throughout the product lifecycle is considerable," said Ian Dickie, Managing Director of Automotive Knowledge Associates, the organisers of the conference.

    "Attendees can expect to hear from some of the world's leading automotive security minds who will deliver deep insights and practical guidance on how to harden the defences of today's production vehicles, and how to design security into the next generation of highly connected, automated cars and mobility services," he added.

    Notable keynote speakers include Yasuhiko Taniwaki, Director-General, Global ICT Strategy Bureau, Ministry of Internal Affairs & Communications (MIC) a leading architect of Japan's national cybersecurity strategy; and Francois Guichard, UN Secretary Vehicle Active Safety. Francois is the ITS / Automated Driving focal point of the United Nations (UNECE) whose responsibilities include management of the UN Task Force on Cyber Security and OTA issues.

    Additional speakers include:

    Dr. Chandu Potluri, Senior Functional Safety Controls Specialist, Daimler (USA)
    Dr. Daisuke Inoue, Director, Cybersecurity Laboratory, NICT (Japan)
    Asaf Atzmon, Director, Automotive Cyber Security, HARMAN International (Israel)
    Fabrice Poulard, Security System Architect, NXP Semiconductors (France)
    Ryan Wu, Business Development Director, OnBoard Security Inc. (China)
    Tom Lysemose Hansen, Chief Technical Officer, Promon (Norway)
    Prof. Tsutomu Matsumoto, Institute of Advanced Sciences Information and Physical Security
    Yokohama National University (Japan)
    Prof. Gernot Heiser, Chief Research Scientist, John Lyons Chair, Trustworthy Systems, University of New South Wales (Australia)

    The conference is organised in partnership with NICT: the National Institute of Information and Communications Technology.

    To register, please visit: https://www.cybersecurecar.com/japan/register

    To view the full speaker list: https://www.cybersecurecar.com/japan/speakers

    Contact to register for a press pass:
    Helen Lycett
    Automotive Knowledge Associates
    h.lycett@automotiveknowledge.com

    About the Cyber Secure Car Conference
    Established in Europe since 2015 and now coming to Tokyo, the Cyber Secure Car conference brings together software and hardware engineers from the leading global automakers, system suppliers, semiconductor manufacturers and specialist IT security companies in 20+ countries; as well as experts from universities and public authorities to tackle current and emerging automotive cyber-threats. For more information visit www.cybersecurecar.com.




    
    
    Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Edward Yau Tang-wah, HKSAR Secretary for Commerce and Economic Development, officiates at the opening of CENTRESTAGE ELITES.
    FFIXXED STUDIOS' 2018 Spring/Summer collection
    Toasting the opening of CENTRESTAGE ELITES.
    Celebrities Add Glamour to Gala Fashion Show

    HONG KONG, Sep 7, 2017 - (ACN Newswire) - A major fashion spectacular, CENTRESTAGE ELITES, took to the stage last night (6 September), showcasing the latest Spring/Summer 2018 collections of Hong Kong brand FFIXXED STUDIOS and Korean label JUUN.J.

    The opening gala show was a highlight of CENTRESTAGE, which is organised by the Hong Kong Trade Development Council (HKTDC), and continues through 9 September at the Hong Kong Convention and Exhibition Centre (HKCEC). The event aims to further reinforce Hong Kong's position as an international fashion capital.

    CENTRESTAGE ELITES showcased Kain Picken and Fiona Lau's FFIXXED STUDIOS, as well as the works of Juun.J. The Korean designer staged his first Hong Kong runway show, which was made possible through a collaboration with the brand's partner JOYCE and the HKTDC. JUUN.J's 2017 Fall/Winter collection is also currently on offer at JOYCE.

    Top models showcased the designers' collections during the gala fashion show, which was attended by nearly 1,000 guests, including celebrities Hilary Tsui, Vincent Wong, Owen Cheung and Janet Ma.

    Asia's fashion promotion and launch platform, CENTRESTAGE runs from 6-9 September at the HKCEC. The trade show features more than 210 fashion brands from 22 countries and regions, as well as nearly 40 spectacular events, including some 20 other runway shows. Designer sharing sessions, industry seminars, networking events and other activities have also been arranged during the fair period.

    About FFIXXED STUDIOS: http://bit.ly/2eu0CiN
    About JUUN. J: http://bit.ly/2xC1BC5

    CENTRESTAGE website: http://centrestage.com.hk
    The Hong Kong Young Fashion Designers' Contest webpage: http://www.fashionally.com
    CENTRESTAGE activity schedule: http://centrestage.com.hk/en/event/schedule.php
    Photo Download: http://bit.ly/2gIO0Bz
    Celebrities at CENTRESTAGE ELITES: http://bit.ly/2gJqkwU
    FFIXXED STUDIOS' 2018 Spring/Summer collection: http://bit.ly/2xcA6Cd
    JUUN. J's 2018 Spring/Summer collection: http://bit.ly/2wanDdv

    For Media:
    Media representatives wishing to cover the event may register on-site with their business cards and/or media identification.

    About HKTDC

    Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
    - Google+: https://plus.google.com/+hktdc
    - Twitter: http://www.twitter.com/hktdc
    - LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

    Contact:
    HKTDC Communication and Public Affairs Department Sam Ho Tel: +852 2584 4569 Email: sam.sy.ho@hktdc.org Agnes Wat Tel: +852 2584 4554 Email: agnes.ky.wat@hktdc.org

    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Philip Wong, Vice President of Technical, Swissam Products Ltd, Movado Group Inc, reveals how his company decided to go into the smart watch business.
    HONG KONG, Sep 7, 2017 - (ACN Newswire) - Watchmakers who have established themselves in the global market for many years are being forced to re-evaluate their ideals and branding strategies while trying to embrace new technology posed by the growth of smart watches. These trends and technological developments were discussed on 6 September during the Asian Watch Conference at the HKTDC Hong Kong Watch & Clock Fair at the Hong Kong Convention and Exhibition Centre (HKCEC).

    With the theme "Smart Movement in Time," the conference aimed to enlighten attendees on the impact of smart watches in the market and how traditional companies are rising to the challenge of manufacturing watches that cater to modern needs.

    Connecting devices

    Philip Wong, Vice President of Technical, Swissam Products Ltd, Movado Group Inc, said the smart watch revolution posed a major challenge for Movado, which was formed in 1881 and is known for its classic Museum Watch, launched in 1947.

    It was not until 2014 that Movado launched a smart watch, according to Mr Wong. "Movado was making luxury mechanical watches, and of course, analogue watches and we never thought that we would ever do smart watches.

    "A question was brought up some years ago about the trend of smart devices in the watch industry. Is this an opportunity or do we just let it go? We did start to look at the market and we realised that, in our definition of a smart watch, it is something that could interact and connect with other devices, from a customer perspective and that is how we proceeded."

    Mr Wong said that Movado's move into the smart watch market was a bold one and that the company is now collaborating with Internet giant Google to enhance platforms that would benefit its customers.

    Combining expertise

    Sara Chung, Project Manager, Teamwork Automation Co Ltd, is the third generation of a family business based in the Chinese mainland's city of Shenzhen, known for its Taiwanese Taylor watch brand. The company has a long history in watch-making. She said that watchmakers are facing enormous pressure from the electronics industry that produces smart devices. But she added that the companies must stay faithful to their roots, which is to make watches, not electronic products.

    Ms Chung quoted her company's market research, which indicated that smart watch sales suffered a significant drop in 2016 after peaking in 2015 and that there was a 30 per cent abandonment rate in which customers stop using smart watches after a certain time.

    "One of the reasons for the high abandonment rate is that customers actually buy the watch for its functions. The problem, however, is that technology always change and then you have to change the watch for the new functions. The lifespan of this product is short," said Ms Chung.

    However, she is confident that smart watches will thrive in the future, maybe involving technology that has yet to be developed."We think that smart watches of the future will develop a new type of movement. It will probably not even be called 'smart'. It might have a new definition."

    Added security

    Protronix International is a Hong Kong-based manufacturer, exporter and retailer of timepieces that continues to make analogue watches enhanced with smart technology. Company CEO Malcolm Ong said that a major part of his company's success is its commitment to provide upgraded software and value-added customer service. He said one of the most important aspects of a smart watch is ensuring that apps are updated regularly.

    "The maintenance of apps is one of the most important factors for success," said Mr Ong. "When a Samsung model was launched in December 2016, they then upgraded the model and the Android app was completely rewritten, so the watch you were using in 2016 doesn't work anymore because of the upgraded app. This is where our strength is.

    "We buy new phones in the market on a monthly basis to make sure the app is updated. The second thing is customer service. Customers can call our service and we can guide you along to make sure the watch works and also use cloud service to update. A smart watch is not a smart watch unless the app is updated and we are very strong in that."

    Mr Ong said he expected future smart watch functionality to play an important role in security-related applications. "We will continue to cooperate with lots of different companies with security being one of the most important factors," said Mr Ong. "We will work with security companies on motion- sensor detectors, cameras for home and indoors, and other functions.

    "If someone breaks into your home, it will be indicated in the watch and you can then go to your cell phone to find out exactly what is happening."

    Fair Websites
    HKTDC Hong Kong Watch & Clock Fair: www.hktdc.com/hkwatchfair
    5-9 September: Trade visitors aged 18 or above only (Free Admission)
    Salon de TE: www.hktdc.com/hkwatchfair/te
    9 September: Open to public visitors aged 12 or above (Free Admission)
    Photo Download: http://bit.ly/2xPQq9a

    For Media:
    Media representatives wishing to cover the event may register on-site with their business cards and/or media identification.

    About HKTDC

    Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
    - Google+: https://plus.google.com/+hktdc
    - Twitter: http://www.twitter.com/hktdc
    - LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

    Contact:
    HKTDC Communication and Public Affairs Department Selina Fan Tel: +852 2584 4298 Email: selina.mi.fan@hktdc.org

    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    (From left to right) Mr. Ben Hua, Vice President (Research & Development) of O-Net; Mr. Fotis Konstantinidis, CEO of ITF Technologies; Mr. Austin Na, Chairman and CEO of O-Net and Mr. Nigel Holehouse, Vice President (Research & Development) of ITF Technologies unveiled next generation cost effective LiDAR product - PANDA in Shenzhen today.
    Mr. Austin Na, Chairman and CEO of O-Net delivered opening remarks at the launch ceremony of PANDA in Shenzhen as it marks a new milestone to O-Net's LiDAR product development.
    Mr. Fotis Konstantinidis, CEO of ITF Technologies, a subsidiary of O-Net, explained the innovative technologies used in the new generation PANDA products.
    During the launch ceremony, Mr. Nigel Holehouse, Vice President (Research & Development) of ITF Technologies, explained PANDA's features, including autonomous navigation, 3D mapping and remote sensing, which are crucial for autonomous car applications.
    Next Generation Cost Effective LiDAR Product Designed to Enable Real-World Autonomous Car Applications

    HONG KONG, Sep 7, 2017 - (ACN Newswire) - O-Net Technologies (Group) Limited ("O-Net" or the "Group") (stock code: 877), a leading high technology enterprise, launched in Shenzhen today its next generation cost-effective light detection and ranging ("LiDAR") product PANDA, which is a new pulsed laser product platform capable of 1550nm LiDAR autonomous navigation, 3D mapping and remote sensing ideal for autonomous car applications.

    The launch ceremony of PANDA was attended by industry experts, business leaders as well as key representatives from leading global technology and automobile companies including a leading internet and web service giant in China, a Hong Kong- and Shenzhen-listed Chinese manufacturer of automobiles and rechargeable batteries, and a global fables semiconductor and IC design company based in Shenzhen.

    Mr. Austin Na, Chairman and CEO of O-Net, said at the ceremony, "We are excited about the launch of PANDA, a cost-effective next generation product, which marks a new milestone to O-Net's LiDAR product development. With the support of our vertically integrated operational structure and proven expertise, we are confident of supporting multiple LiDAR applications and producing more compact units at cost that allows mass market deployment. We are set to become a major LiDAR technology supplier for the rapidly growing Advanced Driver Assistance Systems (ADAS) market. We will continue to innovate and integrate key components for product size reduction and cost enhancement that we will provide highly reliable and dependable products that can match customers' performance and price expectations."

    PANDA is a new kind of Pulsed Laser for LiDAR applications and is based on 1550nm fiber laser architecture for improved resolution, range, eye safety, low power consumption and in a cost effective package, which are key requirements of the sensing systems in Level 5 autonomous vehicles. PANDA's 1550nm fiber laser architecture is free from all performance shortcomings of current 905nm LD technology-based LiDARs. PANDA is small, lightweight, very reliable and rugged, promising to withstand all weather conditions that autonomous vehicles will be exposed to. The PANDA module measures only 9cm x 9cm X 3cm thick, weighs less than 400 grams and is designed to exceed the demands of the most challenging real-world autonomous navigation, remote sensing and 3D mapping.

    O-Net, one of the world's largest companies for Erbium-Doped Fiber Amplifiers ("EDFA"), and supplier of 980nm pump lasers worldwide, has fully integrated capability for 1550nm Pulsed Laser for LiDAR, from system design, laser chip manufacturing, subcomponent manufacture and volume assembly in its state-of-the-art manufacturing facilities, scalable for meeting the demands of the dynamic and fast growing market.

    "PANDA, having completed the qualification process, has moved into full production. Several hundred PANDA units will be deployed this year in autonomous cars equipped with prototype LiDAR systems and O-Net will scale up production in 2018 and beyond, as customer demand for the product is increasing. We are confident that PANDA will become one of our key growth drivers in coming years and we will continue to develop cost-effective LiDAR products to meet the growing global demand for them," Mr. Na concluded.

    About O-Net Technologies (Group) Limited (Stock code: 877)

    O-Net Technologies (Group) Limited, with headquarter in Shenzhen, was listed on the Stock Exchange of Hong Kong Limited on 29 April 2010. It is a leading supplier of optical networking products to the global optical telecommunications and data-communications markets. To further strengthen the Group's leadership in the global technology industry, O-Net, along with 3SP and ITF, secures the supply of advanced laser chips and optical components in order to widen the Group's product range and improve its technologies through vertical integration. Riding on the Group's core optical networking technology platform, it has diversified from its core business to certain new businesses including automation, sensing and industrials, and has re-positioned its strategic focus from a sole telecom passive component supplier to a high technology leader with advanced products and solutions for cloud data centers, industrial laser, ADAS and consumer electronics markets with an aim to become a leading high-tech company.

    Media enquiries:
    Strategic Financial Relations Limited
    Maggie Au +852 2864 4815 maggie.au@sprg.com.hk
    Isabel Kwok +852 2864 4824 isabel.kwok@sprg.com.hk
    Nelda Lai +852 2114 4903 nelda.lai@sprg.com.hk
    Fax: +852 2527 1196 / 2804 2789

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    HONG KONG, Sep 7, 2017 - (ACN Newswire) - The Philippines pay TV and broadband markets have enjoyed significant growth over the past two years (delivering US $1.17 billion in 2016 revenue), according to regional industry body, CASBAA, in the latest of its regular "Philippines in View" (PiV) market overview reports and accompanying event, generously sponsored by SES and Vindicia, held in Manila last week.

    The 2017 report paints a promising picture, identifying the market as buoyant, innovative and hungry. "The fast-evolving business environment for pay TV and broadband video is not being driven by 'standalone' pay TV services", said Virat Patel of Pioneer Consulting, who authored the new CASBAA report (available here http://bit.ly/2wJZqhs for download by CASBAA Members). According to the report, some 75% of new video connections within the Philippines are for broadband alone, or broadband bundled with pay TV, with room for growth as traditional pay TV services retain a penetration rate of just 14% of all TV households.

    In a keynote Conversation, Carlo Katigbak, President and CEO of ABS-CBN Corporation, reinforced the innovative nature of initiatives taken by the industry to deliver the type of content consumers want, whether it be ultra-short form, international, "localised" international, or locally created.

    Right now, the industry is seeing a melding of traditional pay TV with OTT TV, and other streams to deliver an ecosystem that enables consumers to access content whenever they want, while optimising the opportunities for driving up ARPU, advertising revenues, and fighting everyone's major competitor: piracy.

    However, outdated pay TV regulations, on-going concerns about the delivery of long-haul c-band satellite services, and widespread piracy -- both online and through signal theft -- need to be addressed for the market to achieve its full potential:

    "Traditional TV is still a heavily regulated industry, but both distributors of pirated content and OTT providers are subject to very little or no regulation. It is time to think about whether regulations for pay TV are out-of-date and need to be revised," said Katigbak.

    At the same time, he emphasised the importance of developing partnerships to develop the online industry. "Affluent consumers access content on multiple channels," said Katigbak. "There is a need to focus more on creating content that is specifically meant to be distributed via online platforms, and to grow partnerships with telcos to achieve scale."

    Meanwhile, Nikko Acosta, SVP Content Business Group of Globe Telecom, reinforced Katigbak's observation about cross-industry partnerships. "Bring the best practise of the telco rigour without throttling the creative to death," he said. "Deliver the right content, on the right device, with the right timing, at the right price. A single element of your business doesn't need to make money on its own. Instead, you should treat each piece as part of a larger value chain -- content drives subs, increases ARPU, and locks in consumers."

    Customer retention was also highlighted by Michael Greco, VP of APAC, Vindicia, who cited research by Media Partners Asia suggesting that OTT platforms faced 100% subscriber churn every 18 months.

    "Retention is becoming the new acquisition strategy in the OTT space," he said, "Once I get my subscribers, how do I keep them?"

    Enhancing the consumer experience provided the opportunity for the Content Panel to express how varied is their approach to cater for the tastes of their consumers.

    "What's really picking up now is the local content. There's also a demand for international content that is localized, i.e. dubbed into Tagalog," Guido Zaballero from Cignal said. However, Myleeta Aga emphasised BBC Worldwide's international appeal, "While there is a strong demand for local content, some content feels local everywhere in the world. We mostly focus on dubbing our content, instead of producing specific local content." Taking the middle road was Fox Network's Katrina Holigores, who said "Most of our content is international, because there is a strong demand for American programs. But we also produce local content using local talent." Lesley Lee from Disney was particularly bullish about their ubiquitous appeal, "The top 5 movies of all time in the Philippines are either Disney or Marvel (#1 Beauty and the Beast). In that sense, Disney really has it made."

    OTT was clearly identified as a youthful and emerging sector, offering tremendous opportunity for growth, with companies experimenting on how to deliver the content, predominantly on mobile: "We originally tried to balance desktop and mobile, but then as we saw the usage was so heavily weighted towards mobile, we adapted and relaunched last year, with the aim to transition later to larger screens," stated Sheila Paul from HOOQ. Jack Lai at PCCW's Viu agreed, saying "Over 80% of our users use their mobile phones to stream PCCW content."

    All the OTT panelists recognised OTT complements traditional distribution methods. "As the market becomes more affluent, people are starting to subscribe to multiple services based on what content they want to watch," said Sherwin dela Cruz, iflix. Meanwhile, Jerome Almirante of Sky Cable emphasized the need and opportunity to collaborate: "We see that partnerships with OTT providers and media companies are essential moving forward. The trick is identifying what types of partnerships will be mutually beneficial."

    Benefits including, as Amagi's CTO and Co-Founder SriVidhya Srinivasan highlighted, an increase in subscriber and advertising revenues as the cloud becomes utilised to deliver OTT Linear channels and dynamic advertising.

    The consumer experience was highlighted in the audience measurement panel, with industry leaders Neilsen and Kantar represented by Stuart Jamieson and Nick Burfitt, respectively. Both emphasized their companies' work toward including measurement of online video consumption. "We see digital as a natural progression from television, because it's video," Jamieson said. "The language we use to describe the viewer, the viability, the viewing time, it's all the same." Burfitt agreed, adding, "It's the natural evolution of the measurement industry, which is following the natural evolution of the TV industry."

    Evolution was also a theme on the Pay-TV Operators panel, with March Ventosa at Sky Cable pointing to the company's recently-launched DTH service as a growth driver: "We have surpassed the 1 million subscriber mark, thanks to Sky direct. Our convergence strategy has helped us to greatly grow our subscriber base."

    Likewise, Cignal's growth has been exceptional. "We've seen a remarkable growth in our subscriber base, as well as our revenue (by 20%) and our ARPU," said Jane Jiminez-Basas. She pointed out that this growth despite the constraint of "legacy" regulations. She believed Pay TV can achieve even further success when the regulators take the opportunity to level the playing field: "When it comes to content, we can't be as ambitious as OTT providers because we are subject to stricter regulations." Ventosa agreed, saying, "There is a real need for the regulators to review what are now dated regulatory rules. Right now, the OTT providers are having a free ride, but eventually the regulators will catch up."

    Regulatory issues were also a key focus for the Satellite industry, particularly with the threat of enforced sharing of C-band spectrum with the mobile industry, a policy initiative that panellists agreed could be disastrous.

    "If the satellite industry had alternative frequencies, it would consider moving, but C-band is ideal for our industry. There are, however, a tremendous number of viable frequency alternatives for the mobile industry," said Deepak Mathur, EVP of SES. Andrew Jordan, President and CEO of AsiaSat agreed, saying, "C-band should remain exclusively for satellites in the broadcast industry, and cannot be shared with mobile."

    In a country numbering over 7,000 islands, accessing the consumers is still a challenge, and Thomas Choi of ABS stated that DTH still offers a solution. "In many emerging markets, including the Philippines, rural communities cannot access cable TV," he said. "DTH can solve this problem. As a result, the Philippines could contribute 5-7 million households for DTH services". That view was supported and enhanced by Andrew Jordan of AsiaSat, who reflected, "DTH paves the way to provide broadband to the same subscribers. With the advent of HTP satellite, broadband delivered by satellite could be delivered at same price as terrestrial broadband."

    Piracy was a theme repeated throughout the event. Several speakers acknowledged that consumers in the Philippines can all too easily access pirated content via thumb drives, illegal set top boxes and other unregulated online sources.

    "While innovative industry players are seeking to meet consumer demand for new ways of viewing TV and video content, the new internet delivered Over the Top (OTT) service providers are experiencing the paralyzing and growth-killing effects of online piracy, which they all agreed is the "biggest, and most unfair competitor within the Philippines video economy", said John Medeiros, CASBAA's Chief Policy Officer.

    In conclusion, CASBAA CEO, Christopher Slaughter said "Our 2017 'Philippines in View' event was an excellent forum for the regional and local industry to meet and discuss the issues at hand. There's a great opportunity to be grasped, and it's time for Philippines regulators and industry leaders to take action."

    About CASBAA

    CASBAA is the Asia Pacific region's largest non-profit media association, serving the multi-channel audio-visual content creation and distribution industry. Established in 1991, CASBAA has grown with the industry to include digital multichannel television, content, platforms, advertising, and video delivery. Encompassing some 500 million connections within a footprint across the region, CASBAA works to be the authoritative voice for multichannel TV; promoting even handed and market-friendly regulation, IP protection and revenue growth for subscription and advertising, while promoting global best practices. For more information, visit www.casbaa.com

    Contact:
    CASBAA PR Tel: +852 3929 1711 Email: pr@casbaa.com

    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    HONG KONG, Sep 7, 2017 - (ACN Newswire) - HNA Holding Group Co. Limited ("HNA Holding" or the "Company", stock code: 521.HK) is pleased to announce that 100% of shares voted at a general meeting held today were in favor of the ordinary resolution relating to the voluntary conditional offer for all the issued and paid-up shares in CWT Limited ("CWT", together with its subsidiaries "CWT Group") (other than those already owned, controlled or agreed to be acquired by its wholly-owned subsidiary HNA Belt and Road Investments (Singapore) Pte. Ltd., its related corporations and their respective nominees), and the Company has made voluntary conditional general offer for CWT.

    As set out in the formal offer announcement, HNA Holding shall acquire all the issued and paid-up shares in CWT, at a cash consideration of S$2.33 per Share. The acquisition is valued at approximately S$1.4 billion. The Company has already received irrevocable written undertakings from certain shareholders of CWT, who own approximately 65.13% of all CWT Shares.

    Upon the completion of this acquisition, CWT Group is expected to be a wholly-owned subsidiary of HNA Holding. CWT is a Singapore-listed company and a leading international integrated logistics solution provider engaged in logistics services, commodity trading, financial services and engineering services through its regional office and service partner network covering more than 90 countries. In the first half of 2017, the revenue of CWT was S$5.19 billion (equivalent to approximately HK$30.0 billion), representing a 22% increase year-on-year. Net profit was S$80.16 million (equivalent to approximately HK$463 million), increasing 115% year-on-year.

    Upon completion of the acquisition, it is expected to strengthen HNA Holding's financial basis, create a clearer business structure, enhance the Company's operating conditions significantly and ultimately generate a long-term stable income. With the nation promoting the "One Belt One Road" initiative, this acquisition is expected to drive the integration of the trade and financial industries in the countries along the Belt and Road, particularly in Southeast Asia, creating powerful synergies and benefits and boosting regional economic development.

    HNA Holding said, "This acquisition has accurately reflected HNA Holding's implementation of the 'One Belt One Road' policy and active practice of the strategic development concept of 'facilities connectivity, unimpeded trade and financial integration.' Looking ahead, guided by the Company's prudent and justifiable investment policy as well as our long-term strategy, HNA Holding expects to grasp opportunities presented by the national policy to explore new businesses, so as to further strengthen our profitability, and create greater value for shareholders and investors."

    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - Increased selling price in long-term offtake agreement
    - Continued strengthening of cooperation with Indonesia's state-owned electricity company

    SINGAPORE, Sep 8, 2017 - (ACN Newswire) - BlackGold Natural Resources Limited (the "Company", and together with its subsidiaries, the "Group" or "BlackGold") is pleased to announce that the Group, through its subsidiary, PT Samantaka Batubara ("PT SB"), has signed an addendum (the "Amendment") to the coal sales and purchase contract (the "Coal Sales Contract") on 6 September 2017 with the Indonesian state-owned electricity company, PT Perusahaan Listrik Negara ("PLN").

    This follows an earlier announcement by the Company on 1 December 2016 regarding PT SB's entry into the Coal Sales Contract with PLN in relation to the PT Tenayan project, which is a 2 x 110 MW power plant in Riau Province, Indonesia. The Coal Sales Contract covers a delivery of 500,000 tonnes per annum of coal for an initial term of 5 years with an option to extend for three additional 5-year terms, subject to mutual agreement between both parties.

    Under the terms of the Amendment, the selling price of the coal sales has been revised upwards by approximately 10%, and is to be applied retrospectively on coal sales from March 2017 onwards.

    "We are very pleased to have signed this addendum," commented Mr Philip Rickard, the Chief Executive Officer of the Group. "The Group looks to strengthen its cooperation with PLN and continue expansion of coal sales from our increased coal reserves."

    BlackGold recently announced substantial increases to coal reserves and resources estimates at its PT SB concession, as reported in its latest Independent Qualified Person's Report dated 10 August 2017.

    About BlackGold (Bloomberg Ticker: BHR:SP)

    The Group is an Indonesia-focused coal mining company targeting Indonesia's rapidly growing power plant industry. Through long term, fixed offtake agreements with its principal customers, the Group has a customer portfolio consisting of state-owned and independent power plants and factories.

    The Group, through its local subsidiaries, has the rights to three coal concessions in Riau, Indonesia.

    Currently, the Group, through its subsidiary PT Samantaka Batubara, has a coal concession for an area of 15,000 hectares, and has over 500 million tonnes of Coal Resources (Resources and Reserves estimates reported in compliance with 2012 JORC Code). For more information, please visit www.blackgold-group.com.

    Contact:
    BlackGold Group
    +65 6884 4418
    investor.relations@blackgold-group.com

    This press release has been prepared by BlackGold Natural Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this press release.

    This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made, or reports contained in this press release.

    The contact person for the Sponsor is Mr. Sebastian Jones, Director, at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone: +65 6532 3829.

    SAC Capital Private Limited is the parent Company of SAC Advisors Private Limited.

    About BlackGold Natural Resources Ltd



    
    
    Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

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