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ACN Newswire press release news - Recent Press Releases

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    Leading investors including Timothy Draper (Draper Associates), Golden Gate Ventures & SeedPlus with global leaders from Bancor, 1kx, ZCash and SGInnovate to explore blockchain technology and its commercial viability

    SINGAPORE, Mar 12, 2018 - (ACN Newswire) - The world's leading minds in blockchain will meet with venture capitalists, investors, and government regulators in Singapore from 5-6 April to discuss the opportunities and challenges of blockchain, one of the fastest growing technologies finding its application among businesses.

    Leading investors such as Timothy Draper (Draper Associates), Golden Gate Ventures, SeedPlus, along with global blockchain leaders from Bancor, 1kx, ZCash as well as Singapore's SGInnovate will discuss the future of blockchain technology and its commercial viability, including for the world's and Singapore's businesses. They will meet at De/Centralize 2018, Singapore's premier blockchain conference.

    According to McKinsey, blockchain, the technology underpinning cryptocurrencies such as Bitcoin and Ethereum, could revolutionize the world's economy, driven by its innovation around privacy protection and business efficiencies. Global research firm IDC has forecast that global spending on blockchain solutions will rise from US$945 million in 2017 to US$2.1 billion in 2018. Key drivers of growth include the banking & finance, logistics, retail, professional services -- all of which form crucial pillars of Singapore's global competitiveness.

    Kenneth Bok is the founder of blocks, a Singapore-based startup which researches the blockchain ecosystem, and also one of the companies organizing De/Centralize 2018: "The potential of blockchain to revolutionize our techno-economic landscape is phenomenal. We're particularly keen to see how Singapore, with its agile and visionary regulatory framework, will drive adoption, innovation, and growth of the decentralized web."

    According to a report by PwC Strategy, Singapore is named as one of the leading initial coin offering hubs in the world, alongside the likes of Switzerland.

    Aditya Mishra, Co-organizer of De/Centralize and the Co-Founder and COO of Zenprivex (ZPX), comprised of a team of investors, bankers & VCs covering token generation, decentralized exchanges and blockchain research for institutional investors: "A lot has been said about investment in cryptocurrencies, which is on track to becoming a trillion-dollar asset class.

    "Our focus for De/Centralize is less on the speculative nature of currencies and more on macro-economic ideas around the foundational technology. To this end, we're extremely pleased to be bringing some of the world's most renowned investors, regulators, and blockchain thought leaders to Singapore, and to further Singapore's presence on the global fintech and blockchain map," said Aditya.

    "Several years ago, the excitement around the decentralized ledger (blockchain) architecture started to grow dramatically", said Steve Leonard, CEO of SGInnovate. "People began imagining a range of high-impact use cases such as eliminating counterfeit drugs, putting a lifetime of health records in the hands of patients, and verifying food production and supply-chain integrity, to name a few. While it's 'early days' still, the momentum around scaling up blockchain pilot-projects is building. It will be exciting to see the impact across industries and economies," he added.

    Taking place at the Sands Expo and Convention Centre, Marina Bay Sands, on 5 & 6 April, De/Centralize 2018 explores the revolutionary themes in the ongoing blockchain evolution: capital raising, decentralized applications, legal and regulatory issues, and the evolution of the cryptoasset ecosystem.

    In partnership with SGInnovate, De/Centralize will develop and enhance the blockchain community in Southeast Asia, generating a curated dialogue around blockchain, protocol-level development, and the decentralized web.

    Blockchain spending will be led by the financial sector ($754 million in 2018), driven largely by rapid adoption in the banking industry. The distribution and services sector ($510 million in 2018) will see strong investments from the retail and professional services industries while the manufacturing and resources sector ($448 million in 2018) will be driven by the discrete and process manufacturing industries.

    For more information around De/Centralize, as well as to purchase tickets, do visit the website: www.decentralize.sg.

    Press release (PDF): http://www.acnnewswire.com/clientreports/598/Decentralize.pdf

    About De/Centralize 2018
    ZPX, XSQ and blocks come together to bring you De/Centralize 2018. De/Centralize 2018 is Singapore's premier blockchain conference bringing the decentralization zeitgeist to the city's economic and financial landscape. Through De/Centralize 2018, which is to be held from 5th to 6th April 2018 at Marina Bay Sands, we bring together technologists, regulators, leaders, and investors to participate in this ongoing global revolution. For more information, please visit https://www.decentralize.sg/ or follow us on Facebook at @decentralize.sg

    About SGInnovate
    At SGInnovate, we believe that Singapore has all the resources and capabilities needed to tackle 'hard problems' that matter to people around the world. As part of our Deep Tech Nexus Strategy, we are focused on adding tangible value to the Singapore deep tech startup ecosystem in two key areas - development of Human Capital and deployment of Investment Capital. With the support of our partners and co-investors, we back deeply technical founders through equity-based investments, access to talent, and support in building customer traction. Our efforts are prioritised around transformational technologies such as Artificial Intelligence, Blockchain and MedTech, which represent impactful and scalable answers to global challenges. SGInnovate is a private-limited company wholly owned by the Singapore Government. For more information, please visit www.sginnovate.com.


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    LONDON, Mar 12, 2018 - (ACN Newswire) - CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that, under the common share buy-back program announced on June 5, 2017, the Company has completed on the Italian Stock Exchange (M.T.A.) the transactions reported in aggregate as follows:

    Date; Number of common shares purchased; Average price per share including fees (EUR); Consideration including fees (EUR); Consideration (*) including fees ($)
    March 1, 2018; 357,189; 10.9891; 3,925,184.12; 4,777,341.59
    March 2, 2018; 813,900; 10.5952; 8,623,415.05; 10,617,148.61
    March 5, 2018; 426,174; 10.5369; 4,490,535.82; 5,526,502.43
    March 6, 2018; 832,000; 10.9075; 9,075,016.09; 11,263,002.47
    March 7, 2018; 779,075; 10.7875; 8,404,299.06; 10,435,618.14
    March 8, 2018; 699,398; 10.8580; 7,594,033.00; 9,432,548.39
    Total; 3,907,736; - ; 42,112,483.14; 52,052,161.63

    Details of such transactions are provided in attachment.
    After the purchases announced today and considering those previously executed under the program, the total invested amount is approximately EUR86.04 million ($103.55 million(*)) for a total amount of 8,228,858 common shares purchased.

    As of March 9, 2018 the Company held 5,003,175 common shares, net of the common shares already delivered to fulfill its obligations arising from equity incentive plans.

    A comprehensive overview of the transactions carried out under the share buy-back program is available on the Company's corporate website (www.cnhindustrial.com).

    (*) translated at the exchange rate reported by the European Central Bank on the date of each purchase

    CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

    Contacts:
    Investor Relations
    CNH Industrial
    investor.relations@cnhind.com

    Corporate Communications
    CNH Industrial
    mediarelations@cnhind.com

    20180312_PR_CNH_Industrial_Buyback_periodic_report: http://hugin.info/163950/R/2175387/839081.pdf

    ###

    This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: CNH Industrial N.V. via Globenewswire

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - New UK-based JV with major European company to focus on strengthening competitiveness
    - Engineering and consulting functions to reinforce sales and servicing operations

    TOKYO, Mar 13, 2018 - (JCN Newswire) - MHI Thermal Systems, Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), and Beijer Ref AB (Beijer Ref), one of the world's largest refrigeration and HVAC wholesalers, have agreed to pursue a strategic business collaboration in air-conditioning and heat pump products in the UK and Ireland. Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd. (MHIAE), a wholly owned Group company of MHI based in London and Beijer Ref signed a framework agreement on March 12 in London for the establishment and operation of a joint venture company (JV) for the sales and servicing of products. The collaboration is intended to strengthen the close relationship between the two groups in order to significantly expand market share in those markets.

    MHIAE is responsible for the sales and servicing of air-conditioning and heat pumps throughout the European market and will expand its business with Beijer Ref's group companies in UK and Ireland by means of this transaction.

    The JV, scheduled to begin operations at the end of May, is to be named "3D Plus Limited" and will have both engineering and consulting functions to reinforce the sales and servicing of air-conditioning and heat pump systems. The technical experience of MHI and the distribution expertise of Beijer Ref will be combined to deliver a broader and more focused offering to customers.

    Beijer Ref AB, headquartered in Malmo, Sweden, operates through group companies in 34 countries worldwide. It has operating bases throughout the UK and Ireland, providing products to the refrigeration industry.

    MHI Thermal Systems will utilize the Beijer Ref network within the UK and Ireland and provide highly efficient and natural refrigerant CO2 products for environmental interests and prevention of global warming.

    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 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Photos: Using the Creative Digital Space technology in collaborative learning
    Screen: Visualization of the activity process displayed on a dashboard
    The Center for Advanced School Education and Evidence-Based Research (CASEER) The University of Tokyo Graduate School of Education,Secondary School attached to the Faculty of Education, The University of Tokyo,Fujitsu Limited,Fujitsu Laboratories Ltd.

    TOKYO, Mar 13, 2018 - (JCN Newswire) - The Center for Advanced School Education and Evidence-Based Research (CASEER), an institution affiliated with the University of Tokyo Graduate School of Education and the Secondary School attached to the Faculty of Education, the University of Tokyo, Fujitsu Limited and Fujitsu Laboratories Ltd. today announced the launch of a joint field trial to visualize students' activities during active learning using Creative Digital Space User-Interface (UI) technology developed by Fujitsu Laboratories, which can digitalize an entire room. The trial will be conducted in classes at the Secondary School from April 10, 2018 through March 20, 2019.

    Creative Digital Space technology turns shared spaces, including walls and desks, into wholly interactive spaces, enabling participants to discuss and share on large screens materials carried in smart devices or notes taken on digital sticky notes. For this field trial, Fujitsu developed new technology to visualize data for activities conducted in the UI technology space, recording the flow of communication during group activities in the form of time lines based on information shared on smart devices and the creation and operation of digital notes, as well as the number of people involved. This will enable teachers to review their lessons as they can understand, based on the activity status of each individual student, the process that led to their final results.

    Through this field trial, CASEER and the Secondary School will develop new methods for cooperative learning, improving teaching quality. The Fujitsu Group will analyze data from this trial, including collected activity data, in order to develop technology to improve and invigorate in-person communication, delivering services that can be broadly used in educational or professional settings.

    http://www.acnnewswire.com/topimg/Low_CreativeDigitalSpaceTechnology.jpg
    Photos: Using the Creative Digital Space technology in collaborative learning

    Background

    On the front lines of education in recent years, as part of an effort to promote active learning in which students proactively express their own thoughts, classes have begun to incorporate collaborative learning, with groups working together on a problem. In collaborative learning, the process leading to the final result is also an important aspect of student evaluation. However, because the usual method uses tools such as paper, pencils, and blackboards, it has been difficult to capture the flow of the process that enabled the students to arrive at their final results.

    CASEER and the Secondary School attached to the Faculty of Education have been researching methods for collaborative learning since 2006, and focusing on the effectiveness of utilizing ICT, they have been conducting collaborative learning lessons in classrooms equipped with Creative Digital Space technology since fiscal 2017. Now, by visualizing the communication in collaborative learning, teachers will be able to grasp the student's individual actions and the entire process of the learning, which is expected to lead to the development of new methods for collaborative learning.

    Details of the Field Trial

    1. Trial Period

    Planned for April 10, 2018 - March 20, 2019

    2. Trial Classes

    Classes with group work projects planned for third and fourth year students at the Secondary School

    3. Objective

    This trial aims to capture the process that led to the students' final results by visualizing the flow of communication between students, and between students and the teacher during collaborative learning. It will use this information to discover new methods for evaluating collaborative learning, such as the optimal number of students in a group, group composition that makes use of each student's characteristic, the ways classes are conducted, and training for teachers.

    4. About Creative Digital Space Technology

    Multiple sets of projectors and cameras will be deployed in a classroom, converting the entire space into a unified digital window system. Users can transmit information from smart devices they bring with them to the virtual screens projected onto desks and walls, and can take notes on digital sticky notes and share them between users. Moreover, using cameras to read the movements of digital pens, users can write on the virtual screens, and with a simple gesture, can send pictures projected onto a desk to a nearby wall.

    Now, Fujitsu has added activity data collection technology to existing spatial UI technical capabilities, where the contents and creation/operation history of digital notes, as well as the number of people involved in such activities are linked into a time line. This enables the user to visualize the flow of communication on a dashboard.

    5. Field Trial Details

    The system will collect the information students look up on their smart devices, the notes they take in digital sticky notes, and the actions they take with such digital data during collaborative learning classes, and organize them into a time line. This will visualize such facts as who transmitted what sort of information and when, as well as how group members reacted in response.

    Teachers will use this data to review their lessons, looking at student actions during the lesson that led to good results, the appropriate team composition, and teaching directions, based on the records of communication between the teacher and students, with the goal of invigorating collaborative learning. In addition, the trial will analyze the collected data, and use it to develop technology to improve communication and evaluate its effectiveness.

    http://www.acnnewswire.com/topimg/Low_VisualizationofActivityProcess.jpg
    Screen: Visualization of the activity process displayed on a dashboard

    Future Plans

    CASEER and the Secondary School will develop new methods for collaborative learning using the insights gained in this trial.

    Fujitsu and Fujitsu Laboratories will aggregate collaborative learning data from on-site in the school into the cloud, and use it to develop analysis technologies in order to increase activity on the ground. In addition, Fujitsu and Fujitsu Laboratories will offer services that can be used in a variety of industries and fields, not just on the front lines of education, invigorating on-site communication.

    About Fujitsu Laboratories

    Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see: http://www.fujitsu.com/jp/group/labs/en/.

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.

    * Please see this press release, with images, at:
    http://www.fujitsu.com/global/about/resources/news/press-releases/

    Contact:
    Fujitsu Limited Public and Investor Relations Tel: +81-3-6252-2176 URL: www.fujitsu.com/global/news/contacts/

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Electronic health record-based comparative display of pharmaceutical options makes it easier to choose the right treatment for each patient

    TOKYO, Mar 13, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) and University of Utah Health (U of U Health), a leading institution in electronic health records and interoperable clinical information systems research, today announced the joint development of a decision support system that allows clinicians and patients to choose from available pharmaceutical options for treating type-2 diabetes mellitus (T2DM). The system uses machine-learning methods to predict the probability that a given medication regimen will achieve targeted hemoglobin A1c (HbA1c)(1) levels, a common indicator of disease control for diabetes. The system compares medication regimens side-by-side, predicting efficacy, risk of side effects, and costs, in a way that is easy for both clinicians and patients to understand. The system is integrated with electronic health records using Health Level 7 (HL7) interoperability standards, making it seamlessly available to clinicians and allowing for guidance that is personalized to the individual characteristics of the patient. By facilitating patient-clinician communication and supporting shared-decision making, the goal is to make sure that patients are fully engaged and committed to the treatment plan. Hitachi and U of U Health will pursue collaborative research aiming for clinical trials using this system.

    In the United States, the number of patients with diabetes has risen to 23.1 million, and one in four persons aged 65 years or older is diagnosed with the condition. Unfortunately, about half of these patients fail to achieve the treatment target (
    Within the last few years, health care providers have been emphasizing a shared decision-making approach to medical care - where patients are involved in deciding their own course of treatment rather than simply following a physician's or pharmacist's treatment plan. The new system helps clinicians and patients to discuss different options available to them. It not only provides information on the efficacy of each drug but also takes into consideration other information important to patients, such as side effects and cost.

    The machine learning-based pharmacotherapy outcome prediction and comparison technology, developed in collaboration between Hitachi and U of U Health and announced last November(2) was integrated into a standards-based clinical decision support system developed at U of U Health (OpenCDS(3)). By employing HL7 FHIR(4), a next generation standards platform that facilitates interoperability between electronic health record systems, the new drug selection support system can be linked to HL7 FHIR-compatible electronic health records. During development of the new system, the number of data sets and items were increased, improving the predictive accuracy of the technology.(5) This system can also be utilized as a platform to connect electronic health records with various machine learning based models.

    Hitachi and U of U Health will conduct joint research to evaluate the efficacy of this technology with the ultimate goal of improving care and outcomes of individuals with diabetes.

    A part of the results from this work will be presented at the American Medical Informatics Association (AMIA) 2018 Informatics Summit to be held from the 12th to 15th of March 2018 in San Francisco, U.S.A.

    (1) HbA1c (Hemoglobin A1c) value: Laboratory test value that reflects average blood sugar level for the past three months. It serves as the main indicator of disease control for diabetes, the target value for which is decided by the clinician for individual patients based on age and patient condition.
    (2) 6 Nov. 2017 News Release: Hitachi announces pharmacotherapy outcome prediction technology for drug selection support in type-2 diabetes mellitus
    (3) Open Clinical Decision Support (OpenCDS) is a standard-based open source clinical decision support system developed by the University of Utah.
    (4) FHIR - Fast Healthcare Interoperability Resources is a next generation standards framework created by HL7 - Health Level Seven International, a healthcare standards development organization.
    (5) Area Under the Curve (AUC) of 0.88. AUC is used in statistical data analysis as an index of decision and classification accuracy using a value ranging from 0.5 to 1, with 1 representing the highest accuracy of 100% probability of correct decision and classification.

    About University of Utah Health

    University of Utah Health is the state's only academic health care system, providing leading-edge and compassionate medicine for a referral area that encompasses 10% of the U.S. A hub for health sciences research and education in the region, U of U Health has a $291 million research enterprise and trains the majority of Utah's health care professionals at its Schools of Medicine and Dentistry and Colleges of Nursing, Pharmacy and Health. Staffed by more than 20,000 employees, the system includes 12 community clinics and four hospitals. For eight straight years, U of U Health has ranked among the top 10 U.S. academic medical centers in the Vizient Quality and Accountability Study, including reaching No. 1 in 2010 and 2016.

    About Hitachi, Ltd.

    Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.

    Contact:
    Hitachi Ltd Corporate Communications Tel: +81-3-3258-1111

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Core Net Profit increases by 31.9% to RMB310.4 Million, with Core Net Profit Margin Achieving at 65.0%;
    Expands School Network, Forays into the High School Education

    HONG KONG, Mar 13, 2018 - (ACN Newswire) - Minsheng Education Group Company Limited ("Minsheng Education" or the "Group," Stock code: 1569) has announced its audited annual results for the twelve months ended 31 December 2017 ("Period under Review").

    Financial Highlights
    - Revenue increased by 7.4% to RMB477.8 million (FY2016: RMB445.0 million)
    - Gross profit grew by 7.8% to RMB278.7 million (FY2016: RMB258.6 million). Gross profit margin improved to 58.3% (FY2016: 58.1%)
    - Core net profit increased by 31.9% to RMB 310.4 million (FY2016: RMB235.3 million). Core net profit margin increased to 65.0% (FY2016: 52.9%)
    - Annual net profit increased by 4.4% to RMB 260.9million (FY2016: RMB249.7 million)
    - Basic earnings per share were RMB6.86 cents (FY2016: RMB8.00 cents)

    Minsheng Education recorded a revenue of RMB 477.8 million for the twelve months ended 31 December 2017, increasing by approximately 7.4% when compared to the corresponding period of the previous year. Gross profit rose by 7.8% to approximately RMB278.7 million, with gross profit margin up to approximately 58.3%. Net profit was approximately RMB 260.8 million, rising by 4.4% compared to the corresponding period of the previous year. Excluding the listing-related expenses, unrealized exchange loss and share option expenses, the core net profit surged by 31.9% to RMB310.4 million as core net profit margin grew to 65.0%. Basic earnings per share amounted to RMB6.86 cents. The Board does not recommend an annual dividend for the twelve months ended 31 December 2017.

    Mr. Li Xuechun, Chairman of Minsheng Education, said, "Minsheng Education intends to expand its school network and increase its market penetration and its market share in private higher education sector in the PRC. The management team will identify and evaluate potential acquisition target across China to solidify our position as one of the largest private provider of formal higher education in China, thus enhancing the value of the Group, further consolidate and expand the Group's competitive advantage to create long term and high value returns to shareholders."

    Business Review

    Actively Expands School Network
    The Group had an aggregate of 41,120 students enrolled at 5 schools that it owned and operated as at 31 December 2017, namely, Chongqing College of Humanities, Science and Technology, Pass College of Chongqing Technology and Business University, Chongqing Vocational College of Applied Technology, Inner Mongolia Fengzhou Vocational College (Qingcheng Branch) and Chongqing Electronic Information College. Besides, Laoling Minsheng Secondary Vocational School, the sixth school of the Group, is expected to enroll its first batch of students in September 2018. In addition, the People's Government of Laoling (the"Laoling Government") and Bureau of Education of Laoling have entrusted the management and operation of Laoling Secondary Vocational and Technical School to Laoling Minsheng Secondary Vocational School.

    In November 2017, Chongqing Yuecheng Zhiyuan Education Technology Co., Ltd. ("Chongqing Yuecheng"), a consolidated affiliated entity of the Company, signed an agreement to increase capital in Chongqing Electronic Information College. Pursuant to the agreement, Chongqing Yuecheng would make a capital contribution of RMB125 million to Chongqing Electronic Information College, increasing its stake in operation of the college to 51%, and all procedures concerned were completed in February 2018.

    On 12 February 2018, Chongqing Jierui Education Technology Co., Ltd. ("Jierui"), a company designated by the Company, entered into an agreement and a supplemental agreement (collectively, the"Laoling Agreements") with the People's Government of Laoling (the"Laoling Government") in relation to the proposed establishment of Laoling Senior High School Affiliated with Minsheng Education Group (the "Minsheng Laoling High School"). The establishment of the Minsheng Laoling High School represents the Group's step in expanding the scope of its businesses into the high school market in the PRC.

    Growing of teacher qualifications
    As at 31 December 2017, the number of school teachers has increased by approximately 286 or approximately 26%. At the same time, the Group has recruited more experienced personnel in various positions. The Group has implemented a job competition mechanism for mid-level management staff in its Pass College of Chongqing Technology and Business University and Chongqing Vocational College of Applied Technology.

    Upgrade and transformation of teaching facilities
    The Group has further improved the teaching conditions in 2017. Chongqing College of Humanities, Science and Technology has recently built the Innovation and Entrepreneurship College and the Innovation and Entrepreneurship Training Base; Chongqing College of Humanities, Science and Technology and Chongqing Vocational College of Applied Technology have refurbished their stadiums, student apartments in Pass College of Chongqing Technology and Business University and Chongqing Vocational College of Applied Technology have configured new facilities, and Shandong Laoling Minsheng Secondary Vocational School has finished the new campus planning, and has started the basic construction.

    Outlook

    Seek acquisition opportunities and formulate organic growth strategyGoing forward, the Group will expand its school numbers and student sizes through mergers and acquisitions and internal growth. It will explore the investment opportunities in independently organized ordinary undergraduate higher education institutions; independent colleges with preliminary conditions to be converted to independently organized ordinary undergraduate higher education institutions; higher vocational (junior) colleges with preliminary conditions to be upgraded to independently organized ordinary undergraduate higher education institutions; and specialized secondary colleges and high schools.

    Expand into the high school market and extend its presence in the international teaching arena
    The Group will expand the scope of business into the high school market in the PRC through the establishment of high schools and mergers and acquisitions of high schools with both good brand name and good quality. To expand the internationalised school operation, the Group will choose universities with both good brand name and good quality in Europe and the United States as its acquisition targets. It will set up a marketing department and an international college in each school to carry out a variety of models of cooperation in operating schools and cooperate with famous international universities to carry out network teaching.

    The Group will gradually expand the teaching-by-network scope and together with its campuses achieve effective information management and services to improve the centralised management, the Group's schools share courses with a high level of high-quality teacher resources and logistics supply, including the implementation of a unified tender and procurement for large amounts procurement, and for building construction, aimed at strengthening management.

    About Minsheng Education Group Company Limited (Stock code: 1569)
    Minsheng Education Group Company Limited has been listed on the Main Board of the Hong Kong Stock Exchange since 22 March 2017, is one of the largest private providers of higher education in China. As at 31 December 2017, the Group operated five schools in the People's Republic of China (the "PRC"), namely Chongqing College of Humanities, Science and Technology, Pass College of Chongqing Technology and Business University, Chongqing Vocational College of Applied Technology, Inner Mongolia Fengzhou Vocational College (Qingcheng Branch). The sixth school of the Group, Laoling Minsheng Secondary Vocational School is under construction. In addition, Laoling Secondary Vocational and Technical School will be managed and operated by Laoling Minsheng Secondary Vocational School under an entrustment management arrangement. The Group primarily offers formal higher education, including formal undergraduate education and junior college education. For further details, please visit: http://www.minshengedu.com

    Enquiries:
    Strategic Financial Relations Limited
    Joanne Lam Tel: +852 2864 4816 Email: joanne.lam@sprg.com.hk
    Stephanie Liu Tel: +852 2864 4852 Email: stephanie.liu@sprg.com.hk
    Ovina Zhu Tel: +852 2114 4955 Email: ovina.zhu@sprg.com.hk
    Fax: +852 2527 1196


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Power Equipment business continued delivering double-digit sales growth fueled by new cordless products and geographic expansion

    HONG KONG, Mar 13, 2018 - (ACN Newswire) - Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) announced its results for the financial year ended December 31, 2017. Driven by outstanding performance of the Group, sales for the year ended December 31, 2017 increased 10.6% over 2016 to US$6.1 billion for the eighth consecutive year. TTI generated solid growth in all core geographic regions fueled by exciting new product introductions and geographic expansion. Gross profit margin improved for the ninth consecutive year from 36.2% in 2016 to 36.7 % on positive contributions from operational productivity gains and volume leverage. Earnings before interest and taxes, increased by 15.3 % to US$519 million, with the margin improving by 40 basis points to 8.6%. Shareholders' profits rose 15.0% to US$470 million, with earnings per share increasing by 15.0% over 2016 to US 25.66 cents. Working capital as a percent of sales continues to be very well managed and remained low at 16.5% and in a net cash position. The Board is recommending a final dividend of HK39.75 cents (approximately US 5.12 cents) per share, which will result in a full-year dividend that is 35.0% higher than last year.

    - Sales increased 10.6 % to a record US$6.1 billion
    - MILWAUKEE continues to grow with strong global momentum and double-digit sales growth
    - RYOBI delivered double-digit sales growth
    - Gross margin expanded from 36.2% to 36.7%, an increase of 50 basis points
    - Net profit increased 15.0% for the year, delivering double-digit growth for ten consecutive years
    - Efficient working capital management at 16.5 % of revenue

    TTI's largest business, Power Equipment, had another impressive year with sales growth of 14.9% to US$5.1 billion, accounting for 84.7 % of total sales, and an increase in operating profit of 18.9% to US$512 million from US$430 million in 2016. RYOBI and MILWAUKEE again delivered double-digit sales growth by leveraging TTI cordless technology across the battery platforms of RYOBI ONE+, the world's largest cordless DIY power tool and outdoor product range, and the industry leading MILWAUKEE M18 and M12 professional and industrial power tool families. TTI's commitment and investment in R&D combined with the advanced cordless manufacturing capabilities have resulted in a flow of inventive product solutions that are propelling the global transition to cordless tools and enhancing the TTI cordless leadership position.

    Mr. Horst Pudwill, Chairman of TTI, said, "I am pleased to announce that in 2017 we delivered another year of record profit and our eighth consecutive year of record revenue. We have delivered impressive growth through the years while continuing to drive gross margin expansion. With our well-defined strategy, business momentum, and customer focus, we have high ambitions for continued success."

    Mr. Joseph Galli, CEO of TTI, commented, "TTI had another inspiring year in 2017. Going forward, we have an ambitious vision for a cordless future, a clear strategy in leading the rapid shift to cordless, displacing old technologies, entering new categories and expanding our served industries. Our vision for a cordless future is limitless."

    About TTI
    Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floor Care Appliances and Accessories for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers - Brands, Innovation, Operations, and People - reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL Floor Care and Appliances.

    TTI is one of the constituent stocks of the MSCI All Country World Index (ACWI), FTSE Developed Index and Hang Seng Composite LargeCap Index under the Hang Seng Composite Size Index. For more information, please visit www.ttigroup.com.

    All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license.

    For enquiries:
    Techtronic Industries Co. Ltd.
    Isabella Chan
    Tel: +(852) 2402 6495
    Email: isabella.chan@tti.com.hk
    Website: www.ttigroup.com

    Strategic Financial Relations Limited
    Veron Ng +(852) 2864 4831 veron.ng@sprg.com.hk
    Isabel Kwok +(852) 2864 4824 isabel.kwok@sprg.com.hk
    Davis Li +(852) 2864 4892 davis.li@sprg.com.hk
    Website: www.sprg.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    F&L Asia Recognition for Stationary Gas Additive

    CLEVELAND, Ohio, Mar 14, 2018 - (ACN Newswire) - Fuels & Lubes (F&L) Asia awards Lubrizol(R) SG9L60 stationary gas additive the "Product Development of the Year" at a ceremony during F&L Week for innovations in the fuels and lubricants industry that improve processes, efficiency and ecological use.

    "We are honored to be recognized for our product development efforts. Bringing Lubrizol(R) SG9L60 to the stationary gas market provided our customers with a less expensive and more effective lubricant solution to a challenging issue they have experienced for decades," says Al Haas, Lubrizol global product manager, Stationary Gas.

    Lubrizol(R) SG9L60 additive technology is formulated specifically for controlling silica deposits that develop from high levels of siloxanes in landfill and digester gases. Deposits can lead to high oil consumption, pre-ignition, detonations and excess wear in modern, lean-burn stationary gas engines.

    Haas continues, "Lubrizol is committed to working with our OEM and industry contacts in the landfill market to understand their needs and deliver dedicated, application-specific lubricant solutions like Lubrizol(R) SG9L60, which provides engine durability benefits and overall maintenance cost savings. Supported by a market knowledgeable team with 90 years of experience in the stationary gas business, Lubrizol continues to be committed to and invest in this growth market to deliver proven performance to our stationary gas partners."

    For more information visit www.lubrizol.com or contact your Lubrizol representative.

    About The Lubrizol Corporation

    The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

    With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2017 were $6.3 billion. For more information, visit Lubrizol.com.

    Media Contact
    Rebecca Appledorn
    (440) 347-8731
    www.lubrizol.com

    ###

    This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Lubrizol via Globenewswire

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    BRUSSELS, BELGIUM, Mar 14, 2018 - (JCN Newswire) - Hydrogen Council welcomes 11 new members from Asia, North America and Europe. Leading international oil & gas, energy, science & technology and automotive companies come on board, driving hydrogen innovation to support the energy transition and almost doubling Council membership one year on from its launch.

    3M, Bosch, China Energy, Great Wall Motor, JXTG Nippon Oil & Energy Corporation and Weichai, join as steering members alongside Hexagon Composites, Marubeni, McPhy, Nel Hydrogen and Royal Vopak at supporting level. Since its launch in early 2017, the Hydrogen Council, the first of its kind CEO-led initiative, has doubled in size, now covering all key markets with members across the value chain. In addition to their ongoing individual investments and projects, this year will see Council members join forces to drive change, accelerating the pace on a global scale.

    "We are delighted to welcome such impressive growth and the strong CEO-level commitment to hydrogen this demonstrates. This is corporate leadership at scale--multinationals are walking the talk when it comes to building better solutions to address the Paris Agreement climate goals and hydrogen has become an integral part of our strategies," said Dr Woong-chul Yang, Co-Chair of the Hydrogen Council and Vice Chairman of Hyundai Motor Company.

    With increasing interest from policy makers and investors around the globe, the next five to ten years could see a decisive shift in deployment of hydrogen technologies, with scenarios suggesting that hydrogen technologies could contribute to meeting 18% of the world's final energy demands, avoiding 6 Gt of CO2 emissions, creating a market with revenues of 2.5 trillion dollars each year and providing 30 million jobs by mid-century(1).

    Benoit Potier, co-chair of the Hydrogen Council, Chairman and CEO of Air Liquide said, "I am pleased to see more and more leading companies around the world committing to the development of hydrogen, recognizing it as a key solution to the energy transition. Since its launch one year ago, the Council has been able to build strong momentum. Its active participation in high level international events such as the World Economic Forum, New York Climate Week, One Planet Summit and Cop23, lead to major progress engaging with policy makers and governments. Our priority in 2018 will be to continue this rapid pace working alongside global partners and international organizations to help make hydrogen an everyday reality."

    About the Hydrogen Council:

    Launched at the World Economic Forum in Davos in early 2017, the Hydrogen Council is a first-of-its-kind global CEO initiative to foster the role of hydrogen technologies in the global energy transition. Current members include 24 leading multinationals--3M, Air Liquide, Alstom, Anglo American, Audi, BMW GROUP, China Energy, Daimler, ENGIE, General Motors, Great Wall Motor, Honda, Hyundai Motor, Iwatani, JXTG Nippon Oil & Energy Corporation, Kawasaki, Plastic Omnium, Royal Dutch Shell, Statoil, The Bosch Group, The Linde Group, Total, Toyota and Weichai---as well as 15 dynamic players from across the value chain - Ballard, Faber Industries, Faurecia, First Element Fuel (True Zero), Gore, Hexagon Composites, Hydrogenics, Marubeni, McPhy, Mitsubishi Corporation, Mitsui & Co, Nel Hydrogen, Plug Power, Toyota Tsusho and Royal Vopak. The coalition collectively represents total revenues of over EUR 1.6 trillion and close to 2.5 million jobs around the world.(2)

    The Hydrogen Council has published two studies to date, How hydrogen empowers the energy transition (January 2017) exploring the role of hydrogen in the energy transition, including its potential, recent achievements, and challenges to its deployment and Hydrogen, scaling up (November 2017) presenting the first comprehensive vision of the long-term potential of hydrogen and a roadmap for deployment. To find out more: www.hydrogencouncil.com.

    About our new members:

    Steering members

    3M is a global science company that never stops inventing. Using 46 technology platforms, our integrated team of scientists and researchers works with customers to create breakthroughs. Our inventions have improved daily life for hundreds of millions of people all over the world.

    The Bosch Group is a leading global supplier of technology and services. Its Mobility Solutions business sector pursues a vision of mobility that is accident-free, emissions-free, and stress-free, and combines the group's expertise in the domains of automation, electrification, and connectivity. The fuel cell is a technology for further reducing CO2 emissions, especially in heavy commercial vehicles.

    China Energy proactively explores the full value chain of hydrogen production, distribution and application, investing in infrastructure and key R&D programmes that cover areas such as hydrogen production, storage and transport, fuelling stations, fuel cells, etc. In addition, the company also participates in drafting roadmaps for hydrogen energy development in China.

    Great Wall Motor Company Limited is China's largest SUV and Pickup Truck manufacturer with more than a million vehicles sold in 2017 under one of the brands Great Wall, Haval and Wey. Advancing electric propulsion including hydrogen fuel cell drive is a key focus of Great Wall Motor's R&D. Great Wall Motor is on the way to develop and roll-out high-power Fuel Cell Electric Cars and SUVs with a cost-competitive design, very low weight, high energy-efficiency and low carbon footprint. With a highly skilled R&D team and novel Hydrogen R&D facilities in Baoding, Hebei, China, Great Wall Motor is committed to advance cost-competitive technologies for Hydrogen Production, Hydrogen Refueling and Fuel Cell Electric Drive in China and worldwide.

    Weichai, founded in 1946, is currently one of the strongest and most comprehensive auto and equipment manufacturing groups in China. It owns six global business segments of automobile business, construction machinery, powertrain system, intelligent logistics, luxury yacht and finance & after-services. Weichai is striving to develop new energy business and has set up a new energy science and technology company. After nearly 10 years of independent R&D and strategic investment reserve, Weichai now owns a R&D team of more than 100 people and competitive products, motors, batteries, electric control systems and other businesses, and is promoting the industrialization of scale. In Weichai's 2020-2030 strategy, Weichai tries to lead the global new energy industry development by 2030. At present, Weichai undertakes the major projects of hydrogen fuel cell industrialization project of China Ministry of Science and Technology and Replacing Old Growth Drivers With New Ones of Shandong Province, for which Weichai will invest 50 billion RMB to build a new energy industrial park. In the future, Weichai will make full efforts in the field of new energy and look forward to open cooperation with the most innovative enterprises in the world through the Hydrogen Council so as to contribute more to the development of new energy industry and hydrogen energy.

    JXTG Nippon Oil & Energy Corporation is implementing initiatives as an energy conversion company to convert primary energies, such as crude oil, natural gas, solar and wind, into the optimal energy for delivery to consumers, such as oil products, LP gas, city gas, electricity, and hydrogen. As an energy supplier, JXTG is putting in place hydrogen refueling stations for fuel cell vehicles, working actively to apply the accumulated technologies and expertise needed for the proliferation of these vehicles. Our first commercial hydrogen station opened in December 2014, and by the end of February 2018 the number of locations had grown to 40.

    Supporting members

    Hexagon Composites delivers safe and innovative solutions for a cleaner energy future. We are adapting our leading composite pressure vessel technology for a wide range of mobility and storage applications. The energy transition towards a low-carbon society is constantly opening up exciting growth opportunities for us.

    Marubeni is a major integrated trading and investing business conglomerate active in a broad range of products and services globally especially in the power and energy field.

    McPhy "Driving clean energy forward". In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world. As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy provides turnkey solutions tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.

    Nel Hydrogen is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

    Royal Vopak is the world's leading independent tank storage company, operating a global network of marine terminals at strategic locations. Vopak is storing vital products with care, currently enabling the delivery of oil, chemicals, gases, LNG, biofuels and vegoils. The company is listed on the Euronext Amsterdam stock exchange and employs an international workforce of 5,700 people.

    (1) Hydrogen: Scaling Up, The Hydrogen Council, 2017
    (2) Company figures from financial years 2015 to 2017.

    About Toyota

    Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

    Contact:
    Public Affairs Division Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Real Capital Analytics reveals region's top dealmaker in 2017

    SINGAPORE, Mar 14, 2018 - (ACN Newswire) - JLL has been named number one real estate investment advisory firm in Asia Pacific for the seventh consecutive year by Real Capital Analytics (RCA), an independent body that monitors real estate transaction volumes worldwide.

    According to RCA, JLL has achieved the highest value of investment deals in Asia Pacific, a total of US$26.8 billion in 2017, accounting for 29.8 per cent of total market share. Out of the seven asset types included in the ranking, JLL took the top spot in five categories - office, retail, apartment, development site and hotel.

    "It's an honour to be recognised by RCA for the seventh time in a row. We're also thrilled to have moved up to first place in the office sector this year - testament to the great work done by the teams across the region," says Stuart Crow, Head of Asia Pacific Capital Markets, JLL. "We'd like to thank our clients, whose trust in us has allowed us to reach this landmark. We will continue to work closely with them to achieve their goals."

    He adds: "2017 saw a number of mega-deals in Asia Pacific, highlighting a strong interest in the region's high potential. This is a positive indication that demand from global investors is set to increase so we look forward to some significant deals this year."

    Mike Batchelor, JLL Hotels & Hospitality Asia CEO, says: "This number one ranking underscores the commitment we have to deliver the most value for our clients and their assets. As the region's hospitality market expands, we will focus on enhancing our investment advisory services for another successful year ahead."

    For more information on RCA's methodology, visit http://www.rcanalytics.com.

    About JLL

    JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

    JLL has over 50 years of experience in Asia Pacific, with over 37,000 employees operating in 96 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the seventh consecutive year by Real Capital Analytics. www.ap.jll.com.

    Connect with us -
    - LinkedIn: https://www.linkedin.com/company/jll
    - Facebook: https://www.facebook.com/JLLSingapore/
    - Twitter: https://twitter.com/JLLAsiaPacific
    - Google+: https://plus.google.com/+joneslanglasalle

    Contact:
    Vernia Lim
    Phone: +65 6394 7813
    Email: Vernia.Lim@ap.jll.com

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    TOKYO, Mar 14, 2018 - (JCN Newswire) - Eisai Co., Ltd. announced today that its Chinese subsidiary Eisai China Inc. has launched the gastrointestinal prokinetic agent Cidine in China.

    Cidine is a gastrointestinal prokinetic agent discovered by Almirall, S.A. Under the terms of a license agreement signed with Almirall in March 2010, Eisai obtained from Almirall the exclusive rights to develop, manufacture and market the agent in China. Eisai obtained approval for the agent in China for the indication to improve the symptoms of early satiety, postprandial fullness discomfort and abdominal bloating for mild-to-moderate functional dyspepsia.

    By acting upon the serotonin 4 (5-HT4) receptors of the nerve plexus in the alimentary tract, Cidine increases the release of acetylcholine, and its mild antidopaminergic activity also stimulates the release of acetylcholine and contributes to the therapeutic effect. Acetylcholine increases motor and secretory activity throughout the digestive system, thereby improving gastrointestinal function.

    The Chinese pharmaceutical market is the second largest market in the world after the United States, and in 2015 was worth US$115.2 billion (approximately 12.2 trillion yen) and growing at a rate of 7% on a local currency basis, maintaining high growth.1 Eisai considers China as a key region for driving its global business and is working to expand business that addresses not only its global areas of therapeutic focus, but also its franchise tailored to the local disease structures in China. Gastrointenstinal franchise is one such area, and the launch of Cidine will further strengthen the Company's existing gastrointestinal product portfolio together with the currently marketed proton pump inhibitor Pariet, gastritis/gastric ulcer treatment Selbex and hepatic disease/allergic disease agents Stronger Neo-Minophagen C and Glycyron Tablets.

    Through the launch of Cidine, Eisai seeks to make further contributions to address the diversified needs of and increase the benefits provided to patients suffering from gastrointestinal diseases in China.

    About Almirall

    Almirall is a leading skin-health focused global pharmaceutical company that partners with healthcare professionals, applying Science to provide medical solutions to patients & future generations. Our efforts are focused on fighting against skin health diseases and helping people feel and look their best. We support healthcare professionals in its continuous improvement, bringing our innovative solutions where they are needed.

    The company, founded in 1943 and with headquarters in Barcelona, is listed on the Spanish Stock Exchange (ticker: ALM). Almirall has become a key element of value creation to society according to its commitment with its major shareholders and its decision to help others, to understand their challenges and to use Science to provide them with solutions for real life. Total revenues in 2016 were 859.3 million euros and more than 2,000 employees are devoted to Science.

    For more information, please visit almirall.com, linkedin.com/company/almirall

    History of Eisai's Business in China

    Eisai has been conducting business in China for over 25 years. Eisai expanded into the market in 1991 through a joint venture company, and in 1996, established Eisai China Inc. (Suzhou, Jiangsu Province), a 100% subsidiary with manufacturing / marketing capabilities. In 2010, Eisai (Suzhou) Trading Co., Ltd. was established for directly importing products and in December 2015, Eisai entered the generic pharmaceutical business in China by buying out Eisai (Liaoning) Pharmaceutical Co., Ltd. for the purpose of providing a stable supply of high-quality generic medicine to fulfil the medical needs of Chinese patients. These three companies were consolidated under Eisai China Holdings Ltd, which was established in December, 2014. The core products of Eisai's Chinese business include peripheral neuropathy treatment Methycobal, liver disease/allergic disease agents Stronger Neo-Minophagen C / Glycyron tablets, anti-Alzheimer's agent Aricept, proton pump inhibitor Pariet, gastritis/gastric ulcer treatment Selbex, and Parkinson's disease treatments Comtan, Stalevo and Eldepryl as well as the pipeline product branched-chain amino acid formula Livact Granules.

    (1) Copyright 2018 IQVIA., IMS World Review Executive 2016, reproduction prohibited

    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 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    The Proof of Concept undertaken by Colt and PCCW Global reduced inter-carrier settlement time from hundreds of man-hours per month to less than a minute

    LONDON, Mar 14, 2018 - (ACN Newswire) - Colt Technology Services and PCCW Global, the international operating division of HKT, have collaborated with Clear, a blockchain start-up company, to demonstrate that inter-carrier settlement times can be reduced from hours to minutes by blockchain technology.

    The objective of this Proof of Concept (PoC) was to ascertain if the advantages offered by blockchain technology could be applied to make inter-carrier settlements more efficient, reliable, and scalable.

    This PoC was specifically focused on the settlement area of wholesale voice minutes, as the majority of telecom operators have similar processes for these transactions.

    Today, despite the financial importance of these settlements to wholesale carriers, they still involve manual transactions which are costly for all parties. In the trial, the application of blockchain's decentralised, cryptographically enforced, immutable ledger technology resulted in tens of thousands of call records being analysed and settled in a few minutes. Using blockchain technology, hundreds of hours of manual work were reduced to seconds of automated verification and settlement.

    Furthermore, blockchain technology adds an extra layer of security and trust to transactions in an industry where sensitive and proprietary information is frequently exchanged, fraud is rife, and dispute resolution can be lengthy and complex.

    Most of today's blockchain technologies lack solutions for scalability, contract privacy and enterprise grade business logic, all critical for an industry wide settlement and clearing platform. However, through the use of proprietary technologies, this PoC demonstrated the viability of a blockchain-based wholesale trading system.

    Both Colt and PCCW Global are members of the ITW Global Leaders' Forum (GLF), where discussions on blockchain have featured heavily, and it was in this forum that the collaboration was cemented. GLF aims to foster an environment within the telecom industry that focuses on ubiquity and interoperability among providers. This PoC was centred around these themes by attempting to understand how a technology such as blockchain can benefit the sector as a whole.

    Carl Grivner, Chief Executive Officer of Colt, said, "It is our goal to create a more agile, customer oriented organisation, and one way in which we are doing this is by exploring the benefits of disruptive technologies, such as blockchain. Collaborating with PCCW Global and Clear is ground breaking, as we have demonstrated how blockchain can transform the way we conduct business in the telecom industry."

    Marc Halbfinger, Chief Executive Officer of PCCW Global and the Chairman of the GLF, said, "Everyone is talking about blockchain but the use cases in the telecom industry have been fairly limited until now. Whilst this deployment is currently only at the PoC stage, through our collaboration with Colt we are eager to demonstrate how the many potential uses of blockchain across our industry can deliver value by improving the ways in which we interoperate."

    Gal Hochberg, Chief Executive Officer of Clear, said, "It is exciting for any business to create something that has the power to truly innovate how an entire industry operates. This PoC marks the beginning of how blockchain is set to revolutionise the telecom sector."

    During two separate demonstrations, one of which took place at the Pacific Telecommunications Council annual conference in January 2018, the PoC showcased the use of blockchain to positively settle payments for inter-carrier voice traffic. It reduced what can take several weeks, and sometimes months, of intense manual labour down to less than a minute.

    "This PoC could also see the beginning of a cryptocurrency model where, rather than exchanging cash to settle transactions, carriers could move to a token-based credit environment. If successful, such a model could be rolled out beyond the carrier community to other technology service providers," concluded Mr. Grivner.

    About Colt

    Colt aims to be the leader in enabling customers' digital transformation through agile and on-demand, high bandwidth solutions. The Colt IQ Network connects over 800 data centres across Europe, Asia and North America's largest business hubs, with over 25,000 on net buildings and growing.

    Colt has built its reputation on putting customers first. Customers include data intensive organisations spanning over 200 cities in nearly 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.

    About PCCW Global

    PCCW Global is the international operating division of HKT, Hong Kong's premier telecommunications service provider, which is majority-owned by PCCW Limited. Covering more than 3,000 cities and 150 countries, the PCCW Global network supports a portfolio of integrated global communications solutions which include Ethernet, IP, fiber and satellite transmission solutions, international voice and VoIPX services, managed network & security services and our expanding "as-a-service" solutions including OTT video and Unified Communications.

    PCCW Global is headquartered in Hong Kong, and maintains regional centers in Belgium, China, France, Greece, Japan, Korea, Singapore, South Africa, the United Arab Emirates, the United Kingdom and the United States of America. To learn more about PCCW Global, please visit www.pccwglobal.com.

    About HKT

    HKT (SEHK: 6823) is Hong Kong's premier telecommunications service provider and leading operator in fixed-line, broadband and mobile communication services. It meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers.

    HKT offers a unique quadruple-play experience in Hong Kong delivering media content on its fixed-line, broadband Internet access and mobile platforms jointly with its parent company, PCCW Limited.

    HKT also provides a range of innovative and smart living services beyond connectivity to make the daily lives of customers more convenient, whether they are at home, in the workplace, or on the go. For more information, please visit www.hkt.com.

    About Clear

    Clear builds blockchain-based wholesale services clearing and settlement platforms for entire industries, and the economies that support them. Using smart-contracts and state-of-the-art cryptography, Clear's technology platforms enable enterprises to transition from current inefficient and manual processes to real-time trading and clearing on a global scale without compromise. By partnering with industry leaders, sustainable supporting economies are created, fostering evolution and innovation for the benefit of all participants. Clear aims to build a global infrastructure that allows organizations to leverage the opportunities and meet the challenges created by digital transformation, reduce costs and increase coordination and cooperation. Let's make it Clear. To learn more about Clear, please visit www.clearx.io.

    For further information, please contact:
    Nola Pocock
    Colt
    Tel: +447917714377
    Email: nola.pocock@colt.net

    Ivan Ho
    PCCW Group
    Tel: +85228838747
    Email: ivan.wy.ho@pccw.com

    Roni Shani
    Clear
    Tel: +1 6467608118
    Email: roni@clearx.io

    Issued by Colt Technology Services.

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Osaka, Japan, Mar 14, 2018 - (ACN Newswire) - Trillium Secure, Inc., known for its disruptive automotive IoT cybersecurity technology and highly innovative 'SecureIoT' Cyber Security as a Service (C-SaaS) platform, has come out on top in a technology startup competition, being crowned 'Middleweight Champion' at the 'Get in the Ring' event held in Osaka, Japan. Get in the Ring is a startup competition created by the Get in the Ring Foundation.

    "Confidence, clarity and potential for societal impact made Trillium the winner tonight. They were quick on their feet with compelling answers to every question and I really think what Trillium is doing will impact the future of mobility," said Oscar Kneppers, Get in the Ring Osaka Judge.

    'Get in the Ring' events are pitch battles structured similarly to boxing matches, where startups verbally battle head-to-head in front of judges and fans in a competition for mindshare. Two categories were up for grabs at the Osaka event: The 'Lightweight Division' for companies with a maximum valuation of EU500,000 and the 'Middleweight Division' for those valued at more than EU500,000.

    "We are humbled and encouraged by being named 'Middleweight Champion' of the Japan competition. Trillium Secure technologies offer fleet owners 3 times the Connected Services capabilities at 1/3 the cost they pay today. It's hard to beat such a positively disruptive value proposition." said David Uze, Trillium CEO.

    By winning in Japan over hundreds of competitors, Trillium moves on to the prestigious 'Get in the Ring Global Meetup' in Portugal, where winners from 150 global events will gather to compete as well as connect with an exclusive group of invitation-only government officials, innovation professionals and investors.

    About Trillium Secure, Inc.
    Trillium Secure provides a platform for hardening vehicles against cyber attacks, and securely harvesting data from vehicles & fleets, then safely aggregating that data for multiple layers of downstream subscription value-add services like vehicle security as a service, digital forensics, UBI, preventative / proactive maintenance, telematics, car sharing and other services. The company operates design centers & fleet security operation sites in Silicon Valley, Detroit, Brno, Ho Chi Min City and Tokyo. For further information, please visit www.trilliumcyber.com.

    Trillium Secure, Inc. products and services are marketed under the Trillium, SecureIoT, SecureCAR, SecureIXS, SecureOTA and SecureSKYE trademarks.

    For Media Enquiries, please contact Adrian Sossna at adrian.sossna@trilliumcyber.com.



     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    PICTURE: section microscope picture PHAs outside and Urea inside.
    -- U-COAT S.p.A. is created to sell and licence this innovative Urea Fertilizer solution
    -- Innovation developed by Bio-on with PHAs bioplastics - 100% natural and biodegradable
    -- U-COAT is 100% owned by Bio-on and has exclusive rights to use this technology

    Bologna, Italy, Mar 14, 2018 - (ACN Newswire) - Bio-on researchers have announced a revolutionary new technology for the controlled release of Urea fertilisers into the soil. Developed from the company's 100% natural and biodegradable PHAs bioplastic, the advantages are a more effective dose and lower fertiliser consumption. This means less pollution and a major positive impact on people and the planet.

    Bio-on developed the innovative technology to coat Urea for fertilisers, and has set up a NEW Co, U-COAT (Urea Coating), to sell the technology world-wide.The company is 100% owned by Bio-on S.p.A., and has exclusive rights to use the new technologies for coating fertilisers, with natural products such as PHA, the Bio-on developed biopolymer which is natural and biodegradable without leaving any trace on the environment. U-COAT will pay running royalties to Bio-on for the quantities produced, or sub-licensed on the fertiliser market. Bio-on owns 100% of the technology which will be licensed or sub-licensed through U-COAT to international manufacturers.

    "I am proud of the research and development our scientists are conducting," says Bio-on Chairman and CEO Marco Astorri, "to enter such a large and fast-growing market as fertilisers confirms the extreme versatility of a platform product such as our natural biopolymer. By setting up this new NEW Co., we are taking a major step towards exploiting the many technologies we are creating, which will find dedicated applications and produce the maximum economic return for each sector through sector-specific licenses. This will also allow direct partnerships to be created with leading companies in each sector."

    U-COAT brings to this major market a technology that will create a revolution in the use of fertilisers, particularly Urea. This type of fertiliser is usually sold in white crystals, pellets or granules. It is a very concentrated nitrogen-containing feed that is highly water-soluble so rapidly degrades and disperses in the subsoil. Urea can be used as a fertiliser at the sowing stage or on the surface, but should not come into contact with the seed.

    This is where the innovation proposed by U-COAT comes into play. With varying percentages depending on the characteristics of the soil, PHAs bioplastic coats the UREA granule which, thanks to PHA's natural biodegradation, will then release the fertiliser into the soil in a controlled way as and when required, leaving no trace and protecting the fertiliser from being washed away by rainfall and therefore being less effective.

    The innovative solution proposed for the fertilisers sector will reduce the quantities of urea used in the soil and eliminate any excess, with a consequent reduction in costs and environmental impact on the subsoil. The future possibility of applying the same technology to both other higher value fertilisers and agricultural pesticides and other complementary products will play a major part in reducing environmental impact and costs in the agricultural sector.

    Global annual UREA production is 180 million tons. (Based on capacity of operative plants in 2008-09 according to IFDC Worldwide Fertilizer Capacity Listings by Plant). In 2015 FAO predicted annual output to increase by 41 million tons by 2018. This indicates annual production of approximately 200 million tons, with an annual growth rate of 4%. The average price of urea in the last 5 years is 300 Euro/ton. The application designed by Bio-on and carried out by U-COAT envisages using 1 to 4% of PHAs per ton, opening up a market of 2 to 8 million tons/year solely for fertilisers.

    TECHNICAL INFO: Urea is a nitrogen-containing fertiliser widely used for its high nitrogen content (80% of the urea produced is intended for this purpose, 20% for urea resins or adhesives). Many bacteria present in soil possess the enzyme urease, which hydrolyses urea into ammonia and carbon dioxide according to the reaction (NH2)2CO + H2O -> CO2 + 2 NH3, thus making the nitrogen available for plants.

    Urea for livestock use also exists and can be introduced into feed for ruminants, from which powerful bacterial proteins are used by the rumen micro-flora; there are also other uses in the cosmetics and diagnostics fields. It has also been recently introduced in the industrial and automotive sectors. A 32.5% aqueous solution of pure urea (brand name AdBlue) is injected into the exhaust which, via chemical reduction aided by catalysers, converts nitrogen oxides into molecular nitrogen and water (SCR Selective Catalytic Reduction). The composition and quality standards are governed by standard DIN70070.

    All the PHAs bioplastics (polyhydroxyalkanoates) developed by Bio-on are made from renewable plant sources with no competition with food supply chains. They guarantee the same thermo-mechanical properties as conventional plastics with the advantage of being 100% eco-sustainable and naturally biodegradable.

    About Bio-on S.p.A.
    Bio-On S.p.A., an Italian Intellectual Property Company (IPC) listed on the AIM segment of Borsa Italiana, operates in the bioplastic sector conducting applied research and development of modern bio-fermentation technologies in the field of eco-sustainable and completely naturally biodegradable materials. In particular, Bio-On develops industrial applications through the creation of product characterisations, components and plastic items.

    Since February 2015, Bio-On S.p.A. has also been operating in the development of natural and sustainable chemicals for the future. Bio-On has developed an exclusive process for the production of a family of polymers called PHAs (polyhydroxyalkanoates) from agricultural waste (including molasses and sugar cane and sugar beet syrups). The bioplastic produced in this way is able to replace the main families of conventional plastics in terms of performance, thermo-mechanical properties and versatility.

    Bio-On PHAs are a bioplastic that can be classified as 100% natural and completely biodegradable: this has been certified by Vincotte and by USDA (United States Department of Agriculture). Bio-On's strategy envisages the marketing of licenses for PHAs production and related ancillary services, the development of R&D (also through new collaborations with universities, research centres and industrial partners), as well as the design of industrial plants. See www.bio-on.it.

    U-COAT S.p.A. is a full subsidiary of Bio-on S.p.A. See www.u-coat.it.

    Bio-on press:
    Simona Vecchies
    T: +393351245190
    E: press@bio-on.it
    Twitter @BioOnBioplastic

    Issuer:
    Bio-On S.p.A.
    Via Dante 7/b
    40016 San Giorgio di Piano (BO)
    Telephone +39 051893001
    info@bio-on.it

    Nomad:
    EnVent Capital Markets Ltd
    25 Savile Row W1S 2ER London
    Tel.+447557879200
    Italian Branch
    Via Barberini, 95 00187 Roma
    Tel: +3906896841
    pverna@envent.it

    Specialist:
    Banca Finnat Euramerica S.p.A.
    Piazza del Gesu, 49
    00186 Roma
    Lorenzo Scimia
    Tel: +39 06 69933446
    l.scimia@finnat.it

    BIO-ON U-COAT:
    http://hugin.info/167449/R/2176031/839431.pdf


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    At a press conference today, the HKTDC published the latest Hong Kong Export Index for the first quarter of 2018, as well as findings of its recent survey on the Chinese mainland's wine market (L-R) HKTDC Senior Economist Alice Tsang, HKTDC Director of Research Nicholas Kwan, and HKTDC Principal Economist (Greater China) Billy Wong
    Mainland Wine Imports Surge 13% with French Wine Leading

    HONG KONG, Mar 14, 2018 - (ACN Newswire) - The latest study by the Hong Kong Trade Development Council (HKTDC) Research has found that the confidence level among Hong Kong exporters continues to rise, in line with the strengthening of global economic activity. The findings are based on the latest results of the HKTDC Export Index, which was published today. It found that for the first quarter of 2018, the Index stood at 49.4, up 4.8 compared to the fourth quarter of 2017.

    Among the sectors, the timepiece industry outperformed all other sectors, with a 57 Index reading, a significant rise of 15.8 from the previous quarter. This was followed by machinery and toys, which recorded 53.8 and 51.4 respectively. Meanwhile, the procurement index for the timepiece industry also topped the index at 56, reflecting steady demand growth across markets.

    HKTDC Director of Research Nicholas Kwan said that following the rise of Hong Kong's total exports last year by eight per cent to HK$3875.9 billion, the momentum continued during the first quarter of 2018. Amid rising export confidence, Mr Kwan noted that local companies continue to face business challenges. Sixty per cent of the respondents experienced soaring labour costs in the past three months; while nearly 70 per cent of the respondents said they face more challenges from the continuing appreciation of the renminbi.

    "At this stage, the Sino-US trade conflict has limited impact on Hong Kong's export performance. Instead, the appreciation of the renminbi and soaring labour costs have a more direct impact on local exporters."

    - Opportunities in China, US and Japan Markets to Grow

    HKTDC Principal Economist (Greater China) Billy Wong said that Hong Kong businesses expressed confidence about prospects in major export markets, particularly the Chinese mainland, with the index for the market rising 2.1 to 50.3. This was followed by the United States (50.2) and Japan (50), while the index for the European Union rose from 47.5 to 49.1.

    The HKTDC Export Index monitors the sentiment of Hong Kong traders and gauges near-term export prospects. Mr. Wong noted that other industry indices remained below the watershed mark of 50, but expansion has been satisfactory, including in the jewellery and electronics sectors, which rose 7.3 and 4.7 respectively. "We continue to expect Hong Kong exports to increase in value by six per cent and the volume of export by four per cent."

    - Consumers Get More Savvy on Wine Spending

    Meanwhile, a consumer survey commissioned by the HKTDC on mainland wine consumption found an increasingly demanding market that prefers red wine. Surveying 2,400 consumers in 10 mainland cities: Beijing, Shanghai, Guangzhou, Chengdu, Wuhan, Shenyang, Nanjing, Harbin, Suzhou and Yantai, the study found that other types of wine remain a niche market on the mainland.

    Last year, the volume of mainland wine imports increased to 750 million litres, totalling Rmb18.87 billion. According to the survey, more than half of the respondents prefer drinking red wine, including at home, on special occasions and at social gatherings, reflecting the highest purchase frequency and proportion. Young respondents had a greater preference for Champagne and other types of sparkling wine, while respondents with high monthly household incomes favoured Rose. Another point to note is the varying wine preferences in different mainland cities, with Guangzhou consumers preferring, apart from red wine, Champagne and other types of sparkling wine, while Suzhou consumers like white wine.

    HKTDC Senior Economist Alice Tsang noted that unlike in the past when mainland consumers mainly consumed wine on business or social occasions, private consumption is now common. Mainland consumers have become more savvy where wine consumption is concerned, with branding and pricing no longer the main criteria for consideration. "Consumers demonstrate their wine knowledge by choosing vintage that are of good value. In general, respondents pay between Rmb101 to Rmb200 for a bottle of wine for their own consumption, while the average price is Rmb193.6."

    - Practical Tips for Hong Kong Companies

    In terms of wine provenance, 75 per cent of the respondents said they prefer wines produced in France, followed by the Chinese mainland (46%) and Italy (30%). As for New World wines, mainland consumers prefer those from Australia (23%) and Chile (22%).

    Miss Tsang said that mainland consumers are willing to explore wines from different countries. "Hong Kong companies can introduce medium to high-end wines from different countries to the mainland market. To attract young and high-income earners, companies can join wine fairs, tasting sessions and wine-pairing dinners for targetted marketing." She also advised Hong Kong companies to tap e-commerce platforms and online wine merchants for sales and promotion.

    The survey also found that "health" (77%) was cited as a prime reason for drinking wine. Among female respondents, 61 per cent said that they drink wine for "beauty" reasons. Miss Tsang suggested that Hong Kong companies can focus on consumer health, beauty and wellness concerns for marketing promotions. "On the other hand, while the bottle size of most wines on the market is 750 ml, 80 per cent of female respondents said they prefer smaller bottle sizes. To address this demand and to stand out from the market, Hong Kong companies can consider supplying wine in smaller-sized bottles, such as 375 ml."

    Reference
    HKTDC Research website: http://research.hktdc.com/
    Hong Kong Export Index 1Q18: http://goo.gl/6avFRr
    China's Wine Market Consumer Preferences (1): Wine Category, Drinking Occasion and Price: http://goo.gl/9auM8a
    Photo download: http://bit.ly/2pae5ON

    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 Comms & Public Affairs Beatrice Lam Tel: +852 2584 4049 Email: beatrice.hy.lam@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Three 20-year Asian Market Veterans and dedicated frontier-market salesperson fill out team.

    SAN FRANCISCO, CA, Mar 14, 2018 - (ACN Newswire) - Institutional equities broker Decker & Co. launched in 2013 with a focus on ASEAN markets, and over the past five years has expanded to cover all of Asia, most recently with an expansion in both its New York and Asia offices.

    With the new hires, Decker & Co. now has five sales and trading staff members based in the U.S. The expansion includes two senior hires at the firm's New York office and one in Asia. The fourth hire represents Decker & Co.'s first dedicated frontier-market salesperson.

    "Bulge bracket firms have pulled way back in their North America-based sales teams," said Mark Decker, founder and CEO of Decker & Co. "We've been able to accomplish our growth over five years because a larger U.S.-based team - combined with on-the-ground coverage in Asia - lets us deliver the access and insights that institutional clients need."

    The new hires are:
    -- Christopher Dodson, Managing Director, Equity Sales:
    Dodson has over 30 years' experience in Asian capital markets, beginning with Nomura Securities in 1985. Most recently, he was with Auerbach Grayson for six years as a pan-Asia salesperson covering North American institutional investors. Dodson is based from Decker & Co.'s New York office.

    -- Michael Longthorne, Managing Director, Equity Sales:
    Longthorne has over 25 years' experience in Asian financial markets and institutional equity sales with a focus on Japanese corporations, serving global investors. He was Managing Director, Equities for Mizuho Securities USA for 16 years and held senior roles at Daiwa, ING Barings, Flemings, Salomon and Merrill Lynch. Longthorne is based from Decker & Co.'s New York office.

    -- James Chataway, Managing Director, Equity Sales:
    Chataway has over 20 years of experience in equity sales, most recently as Head of Institutional Equities at RHB Singapore and previously at James Capel, Credit Suisse and Jefferies. He is based from Decker & Co.'s Asia office.

    -- Joshua Bridges, Senior Vice President, Equity Sales:
    Bridges' financial analyst experience includes coverage of multiple industry sectors for a Canadian mid-market investment dealer. He joins Decker & Co. as the firm's first salesperson dedicated to Asia Frontier sales.

    "Chris, Michael, James and Josh bring a breadth of expertise across Asian markets that further establishes us as the only U.S.-based boutique brokerage covering all of Asia," said Mark Decker.

    ABOUT DECKER & CO
    Decker & Co. is the only U.S.-based specialist brokerage covering all of Asia. Headquartered in San Francisco, CA and with offices in New York and Asia, Decker & Co. provides institutional investors with unparalleled access to the best local research and listed corporates. Its principals have been among the leading experts in Asian markets since the 1990s. Learn more at www.deckerco.com.

    SAFE HARBOR
    The information in this release may be based on management forecasts and reflects prevailing conditions and our views as of this date, all of which are accordingly subject to change. Past performance is not an indication of future performance.

    Source: Decker & Co.
    Contact: Ben Bishop, The Lowe Group, +1-414-777-1880


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    SJC2 submarine cable route
    - NEC Corporation supplies SJC2 global consortium with submarine cable -

    TOKYO, Mar 15, 2018 - (JCN Newswire) - The Southeast Asia--Japan 2 consortium (SJC2) signed an agreement with NEC Corporation (TSE:6701) to build a high performance submarine cable connecting Singapore, Thailand, Cambodia, Vietnam, Hong Kong, Taiwan, mainland China, Korea and Japan.

    http://www.acnnewswire.com/topimg/Low_SJC2SubmarineCableRoute.jpg
    SJC2 submarine cable route

    Construction of the 10,500-kilometer long cable is expected to be completed by the fourth quarter of 2020.

    The cable will feature up to eight fibre pairs of high capacity optical fibre with initial design capacity of 144 Terabits per second, roughly the equivalent of simultaneously streaming 5.76 million ultra-high definition videos per second. Its high capacity allows it to support high bandwidth intensive requirements such as the Internet of Things, robotics, analytics and artificial or virtual reality applications.

    Ms Linette Lee, Chairperson of the SJC2 consortium and Director, Submarine Cable Investments at Singtel's Carrier Services, International Business Unit, Group Enterprise said, "The construction of SJC2 cable marks a key milestone in intra-Asian digital collaboration. The newer and higher capacity cable complements the earlier SJC which was completed in 2013. It is a critical infrastructure to provide seamless connectivity, lower latency and network diversity to enterprises and customers in this economically dynamic part of the world."

    The SJC2 will be built and operated by a global consortium comprising telecommunications and technology companies, including China Mobile International; Chuan Wei; Chunghwa Telecom; Facebook; KDDI; Singtel; SK Broadband; and VNPT.

    "NEC is honoured to be selected by the SJC2 Consortium as the supplier for the most advanced optical fiber submarine cable system, landing at eleven locations across nine countries and regions. SJC2 is designed so that once completed, it can carry at least 18Tbps of capacity per fiber pair. The robust and flexible design will enable SJC2 to cope with future changes in capacity demands," said Mr. Atsuo Kawamura, NEC's Senior Vice President, Telecom Carrier Business Unit. "SJC2 will provide seamless connectivity and network diversity, while serving to complement other Intra-Asia submarine cables, among others, such as the original SJC built in 2013," he added.

    About SJC2 consortium

    The SJC2 is a global consortium comprising telecommunications and technology companies, including China Mobile International; Chunghwa Telecom; Chuan Wei; Facebook; KDDI; Singtel, SK Broadband; and VNPT.

    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 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    HONG KONG, Mar 15, 2018 - (ACN Newswire) - Emperor Watch & Jewellery Limited (the "Group" or "Emperor W&J") (Stock code: 887), a leading retailer of European-made watches and fine jewellery, announced its annual results for the year ended 31 December 2017 (the "Year").

    Driven by strong recovery in consumption sentiment, the Group's total revenue increased by 11.9% to HK$4,075.1 million (2016: HK$3,641.8 million). Watch segment revenue increased by 13.4% to HK$3,238.6 million (2016: HK$2,856.7 million) and remained a key revenue contributor, accounting for 79.5% (2016: 78.4%) of the total revenue. Revenue from the jewellery segment increased by 6.5% to HK$836.5 million (2016: HK$785.1 million). 74.8% (2016: 76.8%) of the Group's total revenue was contributed by the Hong Kong market. Revenue from Singapore market soared 43.3% to HK$374.0 million (2016: HK$261.3 million) and accounted for 9.2% (2016: 7.2%) of the Group's revenue.

    Gross profit grew by 19.8% to HK$1,089.2 million (2016: HK$909.0 million). The gross profit margin was lifted by 1.7 percentage points to 26.7% (2016: 25.0%), which was mainly attributable to stronger market demand for luxury watches.

    Due to an improvement in sales momentum, enhanced gross profit margin and rental savings, the Group recorded a net profit of HK$159.7 million (2016: net loss of HK$64.8 million). Basic earnings per share was HK2.32 cents (2016: basic loss per share of HK0.9 cent). The Group recommended the payment of a final dividend of HK0.58 cent (2016: Nil) per share. Together with the interim dividend of HK0.17 cent (2016: Nil) per share, the total dividends for the Year are HK0.75 cent (2016: Nil) per share.

    As at 31 December 2017, the Group had 80 stores (31 December 2016: 97) in Hong Kong, Macau, mainland China and Singapore.

    During the Year, the Group continued to optimise its retail chain of "Emperor Jewellery" stores in mainland China, to seize the opportunities arising from the rapid growth of the jewellery market. Meanwhile, the Group further expanded the coverage of jewellery stores in domestic areas of Hong Kong, which helped with promoting brand exposure and seizing market opportunities of emerging shoppers.

    In commemoration of its 75 years of distinguished history and craft, the Group was proud to present the "L'Atelier Cindy Yeung High Jewellery" collection. The design of this collection is inspired by Ms. Cindy Yeung, Chairperson and Chief Executive Officer of the Group. It was ceremoniously launched during the jewellery show in November 2017, to showcase the glittering gemstone pieces, revealing the brand's unique jewellery aesthetics.

    Ms. Cindy Yeung said, "After years of struggling against macro challenges, we are pleased to deliver a solid full-year results with double-digit topline growth. The progress of the business was not only built on positive momentum in the retail market, but also reflected our strong operational performance on every front including sales growth, cost control and inventory management."

    Ms. Yeung continued, "With the growing wealth among Chinese consumers, who remain our major customer group, the overall consumption sentiment is expected to be buoyant. Taking into account the strong fundamentals, coupled with ongoing urbanisation, expansion of the middle-class and rising income, we are optimistic regarding the market demand for luxury items in Greater China. To unleash the full potential in the market, we are planning to expand our presence in both watch and jewellery businesses as well as exploring new opportunities."

    About Emperor Watch & Jewellery Limited
    With long establishment history of over 70 years in Hong Kong since 1942, Emperor W&J (887.HK) is a leading retailer principally engages in the sale of European-made internationally renowned watches, and self-designed fine jewellery products under its own brand, "Emperor Jewellery". Through its comprehensive watch dealership, unique marketing campaigns and extensive retail network at prime locations in Hong Kong, Macau, the mainland China and Singapore, Emperor W&J established a strong brand image amongst its target customers ranging from middle to high income groups worldwide. In recognition of its efforts in investor relations communications, Emperor W&J was granted with "3 Years IR Awards Winning Company", in 2018 by the Hong Kong Investor Relations Association. It was also received "Certificate of Excellence in Investor Relations" in the IR Magazine Awards - Greater China 2016. For more information, please visit its website: www.emperorwatchjewellery.com.

    Investor/Media Enquiries
    Ms. Winnie Kwong,
    Group Investor Relations Manager
    Emperor Group
    Tel: +852 2835 6791
    Email: winniekwong@emperorgroup.com

    Ms. Anna Luk,
    Group Investor Relations Director
    Emperor Group
    Tel: +852 2835 6783
    Email: annaluk@emperorgroup.com


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    HONG KONG, Mar 15, 2018 - (ACN Newswire) - XTEP International Holdings Limited (Stock code: 1368) announced 2017 annual results. 2017 marked the completion of the Group's three-year strategic transformation, enabling it to gain full control of its entire retail channel and boost its retail sales efficiency.

    Financial highlights as follows:
    - Proposed final dividend of HK 4.5 cents per share, and 10th year listing anniversary special dividend of HK 10.0 cents per share to thank shareholders for supporting the Group for the past 10 years.
    - Total dividend increased by 39.4% to HK23.0 cents per share (2016:HK16.5 cents). Annual dividend payout ratio increased to 103.8% (2016: 60%)
    - Strong net cash position, with RMB2,933.8 million of net cash and cash equivalents, equivalent to 55.1% of net assets
    - Average trade receivables turnover days reduced to 130 days from 164 days as at 30 June 2017, trade receivables amount reduced to RMB1,719.0 million from RMB2,224.4 million
    - Basic earnings per share amounted to RMB18.81 cents
    - Revenue dropped slightly to RMB5,113.4 million mainly due to retail channel restructuring
    - Gross profit margin expanded for the 5th year in a row, by 0.7pp to 43.9%, attributable to effective streamlining of business divisions, and increased contribution from e-commerce
    - Net profit declined by 22.7% to RMB408.1 million, mainly due to one-time loss on buy-back of inventories amounted to RMB120.8 million (buyback already announced 08 December 2017)
    - Profit excluding loss on buy-back was RMB529.0 million, higher than 2016 (RMB 527.9 million)

    Operational highlights as follows:
    - The Group is at the end of its three-year strategic transformation after gaining full control of the retail channel, and transforming XTEP exclusive distributors from wholesalers to partial retailers
    - Retail sales showed positive performance, with SSSG averaging mid-single-digit for the year, exclusive distributor directly-owned stores sales efficiency increased over 10%, and newly renovated sportive stores sales up over 10% per square meter
    - E-commerce continued to hold top sales volume position for running footwear and became top domestic casual sports footwear brand sales by volume on Tmall, and now accounts for over 20% of the Group's revenue
    - Recognized as the "Chinese Runners' Favorite Brand" with XTEP topping domestic brand ranking in the top three marathons in China again, gaining market share as XTEP held 10.5% market share in Beijing Marathon, 9.1% in Guangzhou Marathon and 20.0% in Xiamen International Marathon(Source: Joyrun, market share of footwear worn by runners who completed the full marathon)
    - Organized the second annual XTEP 321 Running Festival, which attracted over 20 million participants and tied XTEP brand ever-closer to running
    - Combined multiple performance sports technologies into 3 new user-oriented running footwear series and 6 technical apparel platforms

    "2017 was the last stage of our 3-year strategic transformation from a fashion sportswear company to a professional sports brand that strives to be the "Chinese Runners' Favorite Brand". The benefits of the changes have been visibly reflected in increased retail sales efficiency. With strong control over the entire retail network, a well-recognized professional sports brand identity, and international standard products, we are confident that the successful transformation will yield positive results starting in 2018." Ding Shui Po, XTEP Chairman and CEO said.

    Optimized Retail Channel to Boost Efficiency
    The Group has gained full control of the retail channel, changing from managing a distribution channel to managing a retail network that consists of approximately 6,000 stores. The Group decides store location and layout, product ordering instructions, universal sales price, discount ranges based on detailed store tiering, and provides training for all retail store staff. Exclusive distributors have been transformed from wholesalers to partial retailers, their directly-managed stores are now over 60% of the total XTEP store count. These stores have seen over 10% sales efficiency improvement. During the channel flattening process, the Group has voluntarily extended the trade receivable credit period to exclusive distributors to help quicken the pace of transformation, as the transformation is nearing completion, the Group intends to retreat its trade receivable credit period to close to the 120 days level on contract. As at 31 December 2017, its average trade receivables turnover days have been reduced to 130 days as compared to 164 days as at 30 June 2017.

    The Group remodeled more than half of XTEP stores to international-style "6s" generation sports store design, in which the new sportive stores saw over 10% increase in retail sales per square meter. Moreover, a new big data team utilized full ERP system coverage over the whole XTEP store network to monitor inventory level and sales performance in real-time. Retail inventory levels are at a very low 4 months level as compared to industry average of 4-6 months.

    Mutual Benefit through True Omni-Channel Retail
    While all of these positive changes in the Group's offline retail channels were taking place, the Group's online retail remained robust. XTEP maintained top sales volume position in running footwear products, as well as became the top casual sports shoes seller among domestic brands on Tmall.com in 2017. XTEP is one of the first and only sports brand companies that operates a truly integrated O2O (online-to-offline) platform in China. With the Group's proven success in e-commerce, O2O is a win-win situation where XTEP products are aligned, branding and promotional efforts see exponential effect, inventory levels are better controlled and profit increased for both the Group and its exclusive distributors. For the year ended 31 December 2017, e-commerce contributed to over 20% of the Group's revenue.

    Chinese Runners' Favorite Brand
    XTEP continued to carry the title of the sportswear sponsor for the most number of marathons in China for the third consecutive year in 2017, with 29 major marathons and other 11 additional mass-participation running events sponsored, including 10 XTEP Penguin Runs in cooperation with Tencent and the XTEP 321 Running Festival. 40 running events total attracted 670,000 runners, and XTEP Penguin Runs had over 90 million invitees, and XTEP 321 Running Festival had over 20 million participants.

    The Group has signed additional entertainment celebrities, Zhao Liying and Lin Gengxin, they are both highly ranked in their ability to generate media and social media hot topics, and their popularity helps to promote XTEP products to those who are only starting to or considering to engage in a more active lifestyle.

    Consumer Centered Products to Best Serve Chinese Runners
    XTEP products have become increasingly technical in the running category, and products are structured around Chinese runners, combining different technologies, in comparison to sports brands traditionally focusing on singular technologies. Footwear technologies were combined into three core series of running shoes in 2017, which are RUN FAST, RUN STRONG and RUN FIT, to better serve advanced runners, intermediate runners and beginner runners respectively. For performance apparel, the Group consolidated the technologies into six core technology platforms, which are XTEP-DRY, XTEP-COOL, XTEP-WARM, XTEP-SHIELD, XTEP-COMFORT and XTEP-STRONGER, to match different weather conditions and motion states runners encounter. For lifestyle sports products, XTEP has retailored its products from casual to international style fashion, and the categorization will change from aged based series of "campus" and "urban" to three categories of "urban", "street" and "active" based on style.

    To bring the Group's products to truly international level in both design and technology, the Group has built China's first dedicated running research laboratory, led by international scientists and employs global leading research technologies, to develop and optimize the functions and technologies of products. The Group has built a team of designers led by international design talent and cooperated with leading international fiber material developers, such as the Dow Chemical Company, 3M, INVISTA, and Toray to co-develop fiber technology for XTEP's exclusive use. The Group has successfully created gold medal winning cleats for the fastest man in China, Xie Zhenye, as well as first-place winning marathon shoes for runners during multiple international level marathons in China.

    2017 marked the last year of XTEP's strategic transformation, where its professional sports brand image has been widely accepted by consumers, and positive effects such as increased retail sales efficiency has been readily visible. In 2018, the Group will broaden its brand loyalty beyond products, and have new proprietary technology launches in footwear based on research from its laboratory. In the next 1-2 years, the Group plans to open no more than 10 directly-owned XTEP experience centers to showcase its new professional sports image and to connect directly with consumers. These flagship experience centers will show consumers that XTEP is truly a brand with international standards, in terms of both technology and design, and also shopping experience. As the Group has largely completed the three-year strategic transformation of its own XTEP brand, it will begin to seek brand portfolio expansion targeting the high-end market as well as other unique sports retail channels.



     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    (From left) Mr. Wong Lun, Executive Director & Assistant President; Mr. Huang Youquan, Executive Director & Vice President; Mr. Wong Chiu Yeung, Chairman of the Board & President; Mr. Li Siu Po, Financial Controller & Company Secretary of China SCE Property Holdings Limited.
    Profit for the Year Soared 41.3% to RMB3.45 Billion;
    Proactively Expanding Land Bank for Future Growth

    HONG KONG, Mar 15, 2018 - (ACN Newswire) - China SCE Property Holdings Limited (the "Company", together with its subsidiaries, the "Group") (stock code: 1966), announced its annual results for the year ended 31 December 2017. Throughout 2017, the PRC real estate market was full of opportunities and challenges. Tightening of real estate policies has created a "spillover effect" which purchase demand flowed to nearby third- or fourth-tier cities.

    With the effective implementation of the nationwide development strategy of "Focusing on Fist-tier Cities and Quality Second-tier Cities", the Group has an aggregate of over 60 projects for sales which contributed to the soaring contracted sales. The Group outperformed its annual sales target of RMB28.0 billion, achieved a record-high contracted sales amounting to RMB33.2 billion with the contracted sales area of 1.91 million sq.m., representing a year-on-year increase of 41.3% and 15.1% respectively. The average selling price was approximately RMB17,365 per sq.m.. an increase of 22.5% compared to the previous year.

    Revenue increased by 29.0% to RMB16.1 billion in 2017. Gross profit margin increased significantly from 25.0% in 2016 to 34.1%, mainly attributable to the products with relatively higher gross profit margin being delivered within the year. Profit for the year rose by 41.3% to RMB3.45 billion. Profit attributable to owners of the parent increased significantly by 37.0% to RMB2.84 billion. Basic earnings per share were RMB 79.9 cents.

    The Group maintained a healthy financial position. As at 31 December 2017, the Group had cash and cash equivalents of RMB9.6 billion. The Board resolved to declare a final dividend of HK13 cents per ordinary share for the year ended 31 December 2017. Together with the paid interim dividend, full-year dividend will be HK19 cents per ordinary share. Full-year dividend payout ratio amounted to 32% of the core profit attributable to owners of the parent.

    The Group enriched its land bank by acquiring 38 projects in 2017, with an aggregate above-ground gross floor area (GFA) of 6.45 million sq.m., at an aggregate land costs of approximately RMB32.2 billion. As at 31 December 2017, the land bank of the Group had a GFA of 15.57 million sq.m., with an average land cost of RMB3,611 per sq.m.

    The Group closely tracks the property market development and proactively conduct property launch in second-tier and strong third-tier cities. As such, the Group plans to launch over 30 new projects in 2018, which are mainly located in Shanghai, Tianjin, Nanjing, Jinan, Foshan, Quanzhou, Xuzhou and Huizhou.

    The Group remains optimistic about the prospects of real estate markets in first- and quality second-tier cities in the long run. Thus, the Group will adhere to its strategies, and selectively entering into strong third-tier cities. Without affecting liquidity security, the Group will actively expand land bank in the targeted cities for future growth.

    Upholding the key concept of "the future determines the present", the Group is committed to develop new business to satisfy its customers by establishing a FUN+ ecosystem. In August 2017, the Group has signed a strategic cooperation agreement with Greystar Capital, the largest long-term rental apartments property platform in the United States. Under this agreement, the Group plans to roll out long-term rental apartments in first-tier cities and quality second-tier cities including Beijing, Shanghai, Shenzhen, Tianjin, Hangzhou, Nanjing and Xiamen. The Group will also substantially invest in the iFun smart technology system, an artificial intelligence system to establish links between living space, office space, commercial buildings, property management, fitness and health space, medical and educational space, in the coming years with an aim to deliver the most comfortable and convenient accommodation experience to residents.

    About China SCE Property Holdings Limited
    China SCE Property Holdings Limited (the "Company", together with its subsidiaries, the "Group"), was established in 1996 and with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited in February 2010 (Stock Code: 1966.HK). The Group's major businesses include property development, property investment and property management. The Company is headquartered in Shanghai for its business operations, while implementing regional focused development strategy targeting the first- and second-tier cities in the Yangtze River Delta Economic Zone, the Bohai Rim Economic Zone, the Pearl River Delta Economic Zone, the West Taiwan Strait Economic Zone and Central Western Region.

    The Group's property projects are distributed in 23 cities, including Beijing, Shanghai, Shenzhen, Tianjin, Chongqing, Suzhou, Hangzhou, Nanjing, Qingdao, Jinan, Nanchang, Xiamen, etc. Its products cover a wide range of properties including high-rise residential buildings, low-rise residential buildings, villas, commercial buildings and offices. The Company upholds "We Build to Inspire" as its key value proposition, along with "Creating Smart Living to Help Seize Happiness" as its mission. The Company was awarded the "2017 Best 50 of China Real Estate Developers" and "Fortune China 500".

    Enquiries:
    Strategic Financial Relations Limited
    Vicky Lee / Janet Fong / James Fung
    Telephone: 2864 4834 / 2864 4817 / 2114 4956
    Email: vicky.lee@sprg.com.hk / janet.fong@sprg.com.hk / james.fung@sprg.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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