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ACN Newswire press release news - Recent Press Releases

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    Approval of the Westfield Transaction

    PARIS, FRANCE, May 17, 2018 - (ACN Newswire) - Unibail-Rodamco's Combined Annual General Meeting took place at the Hotel Salomon de Rothschild, Paris. All resolutions submitted for approval by shareholders were adopted, including those related to the Westfield Transaction and the stapled share structure of the New Group. The stapled security of the New Group, composed of one Unibail-Rodamco share and one WFD Unibail-Rodamco N.V. class A share, will be listed on Euronext Amsterdam (market of reference) and Euronext Paris and be traded under a single quotation line (ticker: URW). In addition, the stapled security will be listed on the Sydney stock exchange in the form of a Chess Depositary Interest.

    Detailed results of the votes are available on the Group's website (www.unibail-rodamco.com).

    On May 24, 2018, Westfield securityholders will convene to vote on the schemes of arrangement to approve the Transaction.

    The Westfield Transaction has been unanimously recommended by the Lowy family and Westfield's Board of Directors. On April 12, 2018, Westfield disclosed that the Australian Securities & Investments Commission (ASIC) had registered the Westfield Securityholder Booklet. This document includes a report by an Independent Expert, which concludes that the Transaction is in the best interests of Westfield securityholders, in the absence of a superior proposal.

    Christophe Cuvillier, CEO of Unibail-Rodamco commented: "Today marks a new and major step forward in the acquisition of Westfield, a natural extension of Unibail-Rodamco's strategy of concentration, differentiation and innovation. I would like to thank our shareholders for their support for the proposed Transaction, which represents a compelling opportunity for continued profitable growth and value creation. We now look forward to the Westfield securityholders' vote on the Transaction, as the ultimate step toward the creation of the premier global developer and operator of flagship shopping destinations."

    Annual accounts and dividend

    The shareholders approved the Group's annual accounts for the 2017 financial year and resolved to distribute a dividend of EUR 10.80 per share, comprised of:

    - an interim dividend of EUR5.40 per share paid on March 29, 2018, of which EUR4.15 from the Group's tax-exempt real estate activities ("SIIC" regime) and EUR1.25 from the Group's non-tax exempt activities,
    - the final dividend of EUR5.40 per share to be paid to Unibail-Rodamco shareholders on May 30, 2018, from the Group's non-tax exempt activities. The ex-dividend date is May 28, 2018.

    Supervisory Board

    Shareholders approved the appointment of Ms Jill Granoff as a new member of the Supervisory Board, and the renewal of the terms of Ms Mary Harris, Ms Sophie Stabile, Ms Jacqueline Tammenoms Bakker, Mr Jean-Louis Laurens and Mr Alec Pelmore as members of the Supervisory Board.

    Shareholders also approved the appointment of two former Westfield board members, Mr John McFarlane and Mr Peter Lowy, as members of the Supervisory Board, subject to the completion of the Westfield Transaction, pursuant to which Mr Jean-Louis Laurens and Mr Alec Pelmore will resign as members of the Unibail-Rodamco Supervisory Board and be appointed as members of the WFD Unibail-Rodamco N.V. Supervisory Board.

    Christophe Cuvillier, CEO of Unibail-Rodamco stated: "On behalf of Unibail-Rodamco, its Management Board and all its employees, I would like to extend my gratitude to Jean-Louis Laurens and Alec Pelmore for their support and expertise. I look forward to working with them as members of the WFD Unibail-Rodamco N.V. Supervisory Board".


    Timeline

    Achieved milestones
    Announcement of the Transaction December 12, 2017
    Unanimous positive opinions of the EEC and the UES works councils of Unibail-Rodamco January 8, 2018
    FIRB Regulatory Approval March 28, 2018
    Approval of the Prospectus by the AMF and the AFM March 28, 2018
    Approval of the Document E by the AMF March 28, 2018
    First Australian Scheme Court hearing April 12, 2018
    Publication of the Westfield Securityholder Booklet and of an Independent Expert report April 12, 2018
    Placement of EUR2.0 Bn of hybrid securities by Unibail-Rodamco April 16, 2018
    Westfield Transaction approved by 99% of 2014 and 2015 ORNANE holders April 23, 2018
    Placement of EUR3.0 Bn of senior bonds by Unibail-Rodamco May 2, 2018
    Approval of the Supplement to the Prospectus by the AMF and the AFM May 15, 2018
    Approval of the ASX listing May 16, 2018
    Unibail-Rodamco AGM May 17, 2018

    Next steps
    Westfield Scheme Meetings* May 24, 2018
    Unibail-Rodamco final dividend ex-dividend date May 28, 2018
    Second Australian Scheme Court hearing* May 29, 2018
    Unibail-Rodamco final dividend payment date May 30, 2018
    Effective Date* May 30, 2018
    Implementation Date* June 7, 2018
    *Subject to Australian regulatory process

    For further information, please contact:
    Investor Relations
    Maarten Otte
    +33 1 76 77 58 02
    maarten.otte@unibail-rodamco.com

    Media Relations
    Nathalie Feld
    +33 1 76 77 57 94
    nathalie.feld.contractor@unibail-rodamco.com

    About Unibail-Rodamco

    Created in 1968, Unibail-Rodamco SE is Europe's largest listed commercial property company, with a presence in 11 Continental European countries, and a portfolio of assets valued at EUR43.1 Bn as of December 31, 2017. As an integrated operator, investor and developer, the Group aims to cover the whole of the real estate value creation chain. With the support of its 2,000 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities or large offices and Convention & Exhibition centres in the Paris region.

    The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its sustainable vision focuses on the development or redevelopment of outstanding places to meet up, connect, shop, work and enjoy. The Group's commitment to environmental, economic and social sustainability is recognised by its inclusion in the FTSE4Good and STOXX Global ESG Leaders indexes.

    The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor's and Fitch Ratings.

    For more information, please visit our website: www.unibail-rodamco.com

    20180517 PR AGM EN http://hugin.info/136618/R/2193600/849637.pdf

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

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    WESTCHESTER, Ill., May 17, 2018 - (ACN Newswire) - Today, the Board of Directors of Ingredion Incorporated (NYSE: INGR) declared a quarterly dividend of $0.60 per share on the company's common stock. The dividend is payable on July 25, 2018, to stockholders of record at the close of business on July 2, 2018.

    About the Company

    Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With annual net sales of nearly $6 billion, the company turns grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. With 27 Ingredion Idea Labs(R) innovation centers around the world and more than 11,000 employees, the company develops ingredient solutions to meet consumers' evolving needs by making crackers crunchy, yogurt creamy, candy sweet, paper stronger, and adding fiber to nutrition bars. For more information, visit ingredion.com.

    CONTACT:
    Investors: Heather Kos, 708-551-2592
    Media: Becca Hary, 708-551-2602

    ###

    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: Ingredion Incorporated via Globenewswire

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

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  • 05/16/18--23:00: HKTDC Entrepreneur Day Opens
  • Nicholas W Yang, Secretary for Innovation and Technology, HKSAR Government, plays with a robot at the 10th Entrepreneur Day, which opens today at the Hong Kong Convention and Exhibition Centre.
    Norma Chu, CEO, DayDayCook
    Officiating at the opening ceremony are Nicholas Yang, Secretary for Innovation and Technology, HKSAR Government (4th from R) and Raymond Yip, Acting Executive Director, HKTDC (4th from L). The two-day event continues until tomorrow.
    Most International and Tech-focused Edition Ever

    HONG KONG, May 17, 2018 - (ACN Newswire) - A record 276 exhibitors are taking part at the 10th anniversary HKTDC Entrepreneur Day, which opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) and continues through tomorrow. Entrepreneur Day provides start-ups with an opportunity to obtain useful information, seek funding, establish connections and recruit talent. Showcasing a wide range of innovative technologies and products, as well as supporting services tailored for entrepreneurs, the event is expected to draw 18,000 visitors.

    Officiating at the opening ceremony this morning, Nicholas W Yang, Secretary for Innovation and Technology, Hong Kong SAR Government, said the administration has been increasingly supportive of start-ups since establishing the Innovation and Technology Bureau two years ago. Various measures have been put in place to create a favourable ecosystem for start-ups, including increasing the quota for incubation programmes, as well as launching the Innovation and Technology Venture Fund, Inno Space and the InnoCell development project. The Government's 2018/19 Budget also proposed allocating additional funds to Cyberport and the Hong Kong Science and Technology Parks Corporation to provide further support for start-ups, he added.

    Increasingly international and tech-focused

    Also speaking at the opening ceremony, Raymond Yip, Acting Executive Director, HKTDC said Hong Kong is becoming an important part of the global start-up community, thanks to the HKSAR Government's policy to promote the development of innovation and technology, coupled with the new opportunities presented by the Guangdong-Hong Kong-Macao Bay Area development. "Both are pull factors attracting overseas talents to start their businesses in the city," he said.

    Reflecting these trends, this year's Entrepreneur Day is the most international and technology focused edition ever. The event welcomes start-up exhibitors from Canada, Estonia, India, Indonesia, Portugal, the United Kingdom and the United States for the first time, while over half of all exhibitors are tech-related. The Imaginarium zone, dedicated to showcasing innovative technology, spotlights 140 exhibitors, more than double last year's number, indicating that more and more start-ups are specialising in such sectors as medical tech, bio-tech, fintech, green tech, the Internet of Things (IoT), artificial intelligence (AI) and robotics.

    New features enhance one-stop platform

    New initiatives have been launched at this year's Entrepreneur Day, further enhancing this one-stop platform for start-ups to pitch ideas to potential investors and business partners, seek advice from experts, recruit talent and establish business connections.

    A key event highlight is the final contest of the HKTDC's new, 2018-launched "Start-up Express" incubation programme, which will take place at Entrepreneur Day tomorrow (18 May) to yield 10 winners. They will be invited to take part in a mission to the Bay Area and a series of major international trade fairs, free of charge. Business leaders, including Vincent HS Lo, Chairman, HKTDC; Victor Fung, Group Chairman, Fung Group; Daryl Ng, Deputy Chairman, Sino Group; and Neil Shen, Founding and Managing Partner, Sequoia Capital China will share their experiences with the winners during a series of power meet-ups. Furthermore, "NiCubator", a project set up by actor and entrepreneur Nicholas Tse, may also provide the winners with promotional opportunities.

    Meanwhile, a "Start-up Dreams" mini exhibition is being held from 8-20 May at the HKTDC Design Gallery store in Wan Chai, featuring innovative products from 10 Entrepreneur Day exhibitors to help them test the market and gain retail experience. Among the products are a "smart skateboard" - a self-balancing skateboard controlled by human motion [Start-up Express Display Area], unique fashion accessories that integrate 3D printing technology with traditional craftsmanship [1D-C08], and a "smart wearable device" that monitors a baby's vital indicators including the blood oxygen level, heart rate and body temperature [SU-D14].

    Making its debut at Entrepreneur Day, the "Start-up Battle" talk will provide job seekers with an introduction of the local start-up scene. The "Start-ups Meet Talent" recruitment session, co-organised by the HKTDC and WHub, aims to connect talented job seekers with the best start-ups in the city. A total of 16 start-ups, including AfterShip Limited, Datum and Pakpobox, will make on-site recruitment.

    Also new to Entrepreneur Day is the "Start-up Clinic", which provides one-on-one customised business consultation / advisory services for start-ups. A total of 11 industry experts including Alvin Lam, Managing Partner, T12M Ventures Ltd and Rono Kwong, Founder, Best Video Ltd, will assist start-ups to solve problems in the areas of accounting, financial management, information technology (IT) application as well as branding and marketing.

    From start-up to scale up

    Bonnie Cheung, Venture Partner, 500 Startups; Wesley Ng, Co-founder and CEO, Casetify and Norma Chu, CEO, DayDayCook shared their rewarding journeys from start-up to scale-up this morning at the plenary session of the "Start up-Runway" seminar series.

    At these seminars, over 40 entrepreneurs from various industries will share their secrets of success, and explore the future development of AI, the Internet of Everything (IoE), fintech, healthtech, edtech and more.

    Forming a start-up community

    Other highlight events include the "Bootcamp by Techstars Startup Weekend", co-organised with Startup Weekend Hong Kong; "Pitching for Charity", co-organised with Jumpstart Media; and "Fund & Mentor". "Start-up Mixer" will be held tomorrow, allowing start-ups to meet with experts from a wide spectrum of industries in a speed-dating format.

    The HKTDC will officially launch a start-up portal, "HK Startup Society", in October. Renowned entrepreneurs from Hong Kong and Silicon Valley, such as founder of Goxip, Gogovan and Rotten Tomatoes, will share in-depth articles regularly, analysing common problems facing start-ups as well as success and failure factors.

    HKTDC Entrepreneur Day
    Open to Public, Free Admission
    17 May - 18 May, 11am - 6pm
    Website: http://www.hktdc.com/eday
    Photo Download: https://bit.ly/2GqLFWH
    Venue: Hall 1D - 1E, HKCEC, 1 Expo Drive, Wan Chai

    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 more than 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 business insights and 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:
    Angel Tang, Tel: +852 2584 4554, Email: angel.hc.tang@hktdc.org 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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    SYDNEY, AUS, May 18, 2018 - (ACN Newswire) - Leading Asia Pacific CRO Novotech commended the Turnbull Government's Federal Budget decision to exclude clinical trials activity from a A$4m cap on cash refunds, or any lifetime cap on refunds.

    Novotech CEO Dr John Moller said the move reaffirms Australian's lead position in attracting foreign investment for drug development and sends a message to the international biopharma community that Australia is the place to conduct research.

    "The clinical trial sector not only delivers around A$1billion to the Australian economy annually, it also supports the Australian biopharma industry growth and expertise for the development of new life-changing therapies for both the Australian and world markets.

    Novotech is an Asia-Pacific specialist contract research organization (CRO) established in 1996, headquartered in Australia with offices in eleven countries throughout the region.

    See the latest data on Australian and also Asia clinical trials here: www.novotech-cro.com/resources.

    "More than A$650 million in clinical trial investment each year comes from overseas biopharma companies wanting fast yet high-quality research. According to our clients, the R&D Tax Incentive is a significant factor in their decision to invest in Australian research," said Dr Moller.

    He said the Government announced in the budget that it is excluding R&D tax offsets for clinical trials from the $4 million cap on cash refunds, "recognising the critical role of R&D expenditure on clinical trials in developing life changing drugs and devices."

    According to the Budget announcement the Government will also:

    " ... introduce a new research and development premium for companies with aggregated annual turnover of $20 million or more, which provides higher rates of R&D support for higher R&D intensity (that is, the proportion of R&D expenditure over total annual expenditure).

    The research and development premium will provide multiple rates of non-refundable R&D tax offsets, increasing with the intensity of the claimant's incremental R&D expenditure.

    The ... reforms will support and reward higher, more intensive, additional R&D investment."

    About Novotech - www.novotech-cro.com
    Headquartered in Sydney, Novotech is internationally recognised as the leading regional full-service contract research organisation (CRO). With a focus on clinical monitoring, Novotech has been instrumental in the success of hundreds of Phase I - IV clinical trials in the Asia Pacific region.

    Novotech provides clinical development services across all clinical trial phases and therapeutic areas including: feasibility assessments; ethics committee and regulatory submissions, data management, statistical analysis, medical monitoring, safety services, central lab services, report write-up to ICH requirements, project and vendor management.

    Novotech's strong Asia Pacific presence includes running clinical trials in all key regional markets. Novotech also has worldwide reach through the company's network of strategic partners.
    For RFP enquiries: Please fill out the form available at www.novotech-cro.com/contact-us-0.

    Media Contact
    team@dmgpr.com
    Susan Fitzpatrick-Napier
    AU +61 2 8218 2144
    USA +1 650 798 5238


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

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    - Accelerates the creation of analytical reporting and improves the utilization of resources -

    TOKYO, May 18, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced that India-based DMICDC Logistics Data Services Ltd. (DLDS) adopted NEC's big data platform to support their Logistics Data Bank (LDB) project in pursuit of digital transformation.

    DLDS provides Export and Import (EXIM) container visibility through the LDB project, which manages the data analytics for container traffic.

    Through adoption of NEC's big data platform, "Data Platform for Hadoop," (DPH) and "Data Integration and Analytics Services"(1), the LDB project, which manages enormous data sizes related to nearly 70% of the India's EXIM container volume, has been significantly enhanced with an "integrated analytics platform for collecting, storing, processing and analyzing data on a single platform" and an "automated reporting process," while minimizing infrastructure investment.

    NEC's DPH helped to automate LDB's processes by enabling the creation of monthly/annual analytical reports with a single click, instead of creating reports manually, thereby improving overall productivity.

    DPH also helped to simplify DLDS's operations as it provides quick and reliable analytical reporting to customers in order to realize faster and better data-driven decision making from the reports generated.

    Moreover, DPH enabled the visualization and development of analytics models, as well as the creation of customized reports, both on a single dashboard.

    As a result, it helped the LDB project in shortening the overall workflow for creating reports and led to a reduction in the number of analysts by almost 70%(2).

    In the future, DLDS will expand the adoption of DPH as a common data platform. This will enable enhancement of its existing system capabilities, including the ability to capture data on a real time basis, perform predictive analytics and deliver new services - such as transportation route optimization by analyzing IoT data.

    "DPH reduces the lead time for doing meaningful analytics and publishing deep insights for stakeholders. Going forward, DPH will play a major role in compiling complex data from a variety of sources and generating essential market intelligence," said Piyush Sinha, CEO of DMICDC Logistics Data Services.

    DLDS is a joint venture between the Government of India, represented by the National Industrial Corridor Development and Implementation Trust (NICDIT), and NEC Corporation. With over 8 million containers handled to date, DLDS has operations spread across 10 port terminals and manages almost 70% of the total container volume handled in India.

    DLDS manages container tracking and creates reports based on the tracking data.

    NEC's DPH, an integrated analytics platform, delivers centralized data management and has helped DLDS reduce its dependence on multiple teams for collection, cleansing and analysis of data. Implementation of the platform has also resulted in discovering valuable business insights that have significantly enhanced operational efficiency.

    (1) About the "Data Platform for Hadoop" and "Data Integration and Analytics Services"
    https://www.nec.com/en/global/prod/slpf/product/dph/index.html
    (2) According to NEC research

    About DMICDC Logistics Data Service Ltd.

    DMICDC Logistics Data Services Ltd. (DLDS) is a joint venture between the Government of India, represented by the National Industrial Corridor Development and Implementation Trust (NICDIT), and Japan-based NEC Corporation, with 50:50 equity participation.

    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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    - Record revenue up 29% to 3,936 million
    - Adjusted Net profit increase 28% to 964 million
    - Regional expansion by MACO
    - New ecosystem is established through 5,901 million investment in Kerry Express

    BANGKOK, May 18, 2018 - (ACN Newswire) - The past fiscal year was one of the most lucrative years for VGI. We achieved a record revenue of THB 3,936 million - a significant growth of 29%, and the highest in the company's history. Our EBITDA expanded by 25% to THB 1,691 million, while our adjusted net profit rose considerably by 28% to THB 964 million.

    All of our business segments have contributed to this success. The diversification of our product mix; the extended digital portfolio of Master Ad Plc (MACO) - our main outdoor media service provider - and the synergies between VGI and Rabbit Group - our lifestyle solutions company - are among the key factors.

    "Our strategy is clear, VGI branched out beyond being an Out-of-Home ("OOH") media provider to the online world, where we have successfully integrated our world-class offline and online platforms to create an Offline-to-Online ("O2O") advertising service, thereby solidifying our role as the market leader in the country. In fact, this strategy has proven to be a major factor driving our strong performance, helping to generate additional income of THB 336 million. This year, we also commenced our collaboration with AIS, the leading telecommunications operator; hence we can expect to see more positive results in the year to come," said Nelson Leung, Deputy CEO of VGI.

    On 17 May 2018, VGI's Board of Directors approved the cash dividend payment from the operating results of the second half of 2017/18 at THB 0.054 per share (subject to the resolution of 2018 Annual General Meeting of Shareholders, which will be held on 5 July 2018). In addition, the Board approved an intention to sell VGI Malaysia to Master Ad Plc, VGI's subsidiary. VGI Malaysia is our overseas platform with a diversified OOH business portfolio covering transit media in Malaysia and Indonesia, airports, cinemas, buses as well as modern trade. "We want to place a stronger focus on building the most robust Offline-to-Online ecosystem in Thailand and have seized this great opportunity to sell our international business to MACO, who will be our arm's-length for regional expansion," said Leung.

    The Board has also approved an intention to acquire Kerry Express Co., Ltd ("Kerry"), Thailand's leading parcel delivery company. Kerry Express expanded its business alongside the e-commerce and social media booms in recent years. Today, Kerry Express delivers more than 750,000 parcels per day via its 600 distribution centres, 12,000 vehicles and 2,000 service points. Kerry Express is also an active partner of Rabbit LinePay, it pioneered LinePay-on-delivery ("LOD") service since July 2017. Now Kerry Express is one of Rabbit LinePay's largest merchants. In the 2017 financial year, it made a total revenue of over THB 6,578 million obtaining a net profit of THB 733 million, an increase by 105% and 138% from 2016, respectively.

    "With the acceleration of Internet access and the increasing popularity of smartphones, the advertising landscape is rapidly changing. Digital and online marketing is now the "go-to" choice for advertisers. Therefore, advertising is no longer just about creating awareness, but engaging consumers with brands. The logistics capabilities enhanced through our partnership with Kerry Express will enable us to effectively deliver our services to respond to this fast-growing trend. We are confident this new business approach will contribute to our future success, as reflected in our new vision "Pioneering Solutions for Tomorrow" to be unveiled on May 23," said Leung.

    About VGI Global Media Plc (Stock Code VGI.BKK)

    Established in 1998, VGI has been committed to be Thailand's most customer-oriented media company. This rich heritage defines who we are and what we do today. VGI was the No. 1 out-of-home media platform having its media in Transit, Office, Outdoor, Aviation and Activation with over THB 6,800mn inventory million on hand. Now, VGI is the unique market leader in Thailand providing fully integrated Offline-to-Online (O2O) solutions for the clients. Leveraging on its exclusive access to Rabbit data, which serves as a bridging point throughout the customer journey, enabling VGI to offer a 360-degree advertising solution for our clients, helping them reach their target audience at every stage of the purchasing process and engage more effectively with their customers; thereby providing a better overall customer experience. VGI is a member of BTS Group Holdings Plc., Thailand's leading provider of mass transit solutions. www.vgi.co.th

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

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    Paris, Amsterdam, May 18, 2018 - (ACN Newswire) - The Annual General Meeting of Unibail-Rodamco (the "Company"), held on May 17, 2018, approved a dividend of EUR 10.80 per share for the 2017 financial year, comprised of (i) an interim dividend of EUR 5.40 per share paid on March 29, 2018 and (ii) the final dividend of EUR 5.40 per share to be paid on May 30, 2018.

    In accordance with the terms and conditions of the issuance, each ORA will give the right to receive a final cash amount of EUR 6.75 paid on May 30, 2018 (see the "Note d'operation" approved by the "Autorite des Marches Financiers" under the visa no. 07-152 dated May 18, 2007).

    The ex-coupon date to receive the ORA final cash amount will be May 30, 2018 (ISIN FR0010474056).

    In connection with the acquisition of Westfield Corporation by the Company (the "Transaction"), the Annual General Meeting also approved the distribution in kind by the Company to its shareholders of a maximum number of 100,598,795 Class A shares of its affiliate company WFD Unibail-Rodamco N.V., on the basis of one (1) WFD Unibail-Rodamco N.V. Class A share for each one (1) Unibail-Rodamco SE share held.

    The shares of the Company will be stapled together with the WFD Unibail-Rodamco N.V. Class A shares (the "Stapled Shares") and jointly be admitted to trading on Euronext Amsterdam (market of reference) and Euronext Paris. The Company will hold 40% of WFD Unibail-Rodamco N.V.'s share capital directly in the form of Class B shares.

    To protect the interests of ORA holders, the Management Board of the Company has decided, in accordance with the provisions of article L. 228-99, 2 of the French Commercial Code, that as from the completion of the Transaction on June 7, 2018, each ORA will be redeemable by the delivery, to the ORA holder, of Stapled Shares, instead of Unibail-Rodamco SE shares, on the basis of the then applicable redemption ratio. This protection measure is exclusive and the other measures provided by subparagraphs 1 and 3 of the same article shall therefore not apply. Furthermore, ORA holders will now receive a coupon calculated pursuant to distributions made with respect to the underlying Stapled Shares.

    Eight Advisory, acting as independent expert appointed by the Company, has concluded that this decision is financially fair to ORA holders and Company's shareholders. The full report of Eight Advisory may be obtained free of charge from the Company.

    The Company benefits from an issuer call allowing it to redeem the ORA on the first coupon payment date following the 12th anniversary of the ORA's issuance (i.e., May 2019).

    In accordance with the provisions of article R. 228-89 of the French Commercial Code, the Company will hold in reserve, as from June 7, 2018, a number of WFD Unibail-Rodamco N.V. Class A shares sufficient to redeem all ORA outstanding as at this date.

    For further information, please contact:
    Investor Relations
    Maarten Otte
    +33 1 76 77 58 02
    Maarten.otte@unibail-rodamco.com

    Media Relations
    Nathalie Feld
    +33 1 53 43 57 94
    nathalie.feld.contractor@unibail-rodamco.com

    About Unibail-Rodamco

    Created in 1968, Unibail-Rodamco SE is Europe's largest listed commercial property company, with a presence in 11 Continental European countries, and a portfolio of assets valued at EUR 43.1 billion as of December 31, 2017. As an integrated operator, investor and developer, the Group aims to cover the whole of the real estate value creation chain. With the support of its ca. 2,000 professionals, Unibail-Rodamco applies those skills to highly specialised market segments such as large shopping centres in major European cities and large offices and convention & exhibition centres in the Paris region. The Group distinguishes itself through its focus on the highest architectural, city planning and environmental standards. Its long term approach and sustainable vision focuses on the development or redevelopment of outstanding places to shop, work and relax. Its commitment to environmental, economic and social sustainability has been recognised by inclusion in the FTSE4Good and STOXX Global ESG Leaders indexes. The Group is a member of the CAC 40, AEX 25 and EuroSTOXX 50 indices. It benefits from an A rating from Standard & Poor's and Fitch Ratings. For more information, please visit our website: www.unibail-rodamco.com.

    Unibail-Rodamco SE: Notice to ORA holders following the AGM 17/05/18
    http://hugin.info/136618/R/2193250/849434.pdf

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

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    Expands Sales Channels at Full Speed

    HONG KONG, May 18, 2018 - (ACN Newswire) - China LotSynergy Holdings Limited ("CLS" or "the Company", together with its subsidiaries "the Group", HKEX stock code: 1371) is pleased to announce that its subsidiary, Guangzhou Lottnal Terminal Company Limited has successfully won bids for the sports lottery computer-generated ticket games ("CTG") terminal procurement programmes of Guangxi and Hunan.

    Of these two provinces, Guangxi was a sixth win while Hunan was a second win. Guangxi, a new strategic stronghold for the opening-up and development of the southwest and central-south China, has seen its strong Sports Lottery sales performance in recent years and achieved many outstanding records. Sports Lottery sales in Guangxi ballooned by 88.1% YoY for the first quarter of 2018, claiming second place in terms of growth nationwide. Hunan Sports Lottery sales exceeded RMB 4 billion and RMB 6 billion in 2015 and 2016 respectively, and reached new heights of RMB 8 billion in 2017, representing a big leap in sales performance with its national rankings by sales volumes jumped to ninth from sixteenth over the past three years. Sports Lottery sales in Hunan took the top spot nationwide with over 1-fold YoY increase for the first three months of 2018. CLS is honored to provide superb terminals and services with sense of responsibility, fueling the robust development of Sports Lottery in Hunan and Guangxi. The spectacular results of these two provincial markets that can propel and expedite CLS's Sports Lottery CTG terminal business.

    CLS has engaged in the Sports Lottery CTG terminal market since 2013. With five years of rapid development, the Company has become a major participant in the China's Sports Lottery space with rising market share, providing products and services to almost half of the provincial markets across the nation. In March 2018, a new android terminal designed and manufactured by CLS passed the third party test by the China Sports Lottery Administration Centre, gaining a head-start in new approach of new sales channels expansion by new terminal type. CLS will uphold its core values of "focused, practical and innovation", be closer to users and markets, be grounded, and continue to enhance its corporate value and competitiveness to maintain its industry leading position.


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

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    HONG KONG, May 18, 2018 - (ACN Newswire) - Blockchain technology is sweeping the globe and industries, hence driving companies and entrepreneurs to join the revolution. To tackle the current challenges of fundraising, resources matching, and low market transparency, Hong Kong based blockchain project SmartUp is dedicated to build a smart incubating ecosystem, and connects potential startups with global investors and resources.

    "China does not only play an active role in the global venture communities. She is also one of the largest countries of blockchain adoption. In the past few years, I have been working closely with angel investors and ventures on different startup projects, and found that many good ideas lost their brightness after few years as they cannot match with quality capital and resources. Our vision is to nurture startups with technology and our global networks. Being a Hong Kong based project, we dedicate to connect Asia projects with global funding, resources & talents. With blockchain technology, our platform will provide projects and investors with transparent, credible and accurate information." Ric Wu, Founder of SmartUp commented on recent Chinese President Xi JinPing's supportive statement on nurturing Hong Kong as an international technology innovation hub to achieve China's innovation-driven development strategy.

    SmartUp gathers professionals with global finance, startups and blockchain development experiences, including Mr. Ric Wu, Founder Of SmartUp. Ric served as management in different global financial institutions and has extensive experience in international capital operation and overseas listing for Chinese companies; Mr. Chris Yuan, former CTO of Hong Kong famous online freight logistics platform GoGoVan will be the CTO of SmartUp. Besides core team, global professionals also showed their support and formed the consulting team, including Mr. Ricky Ng, Co-Founder Of iClick Interactive, one of the largest digital advertising platforms in Greater China. Besides Ricky, other consulting team members came across from international firms like PWC & The Boston Consulting Group and served as venture capital consultants in Korea, China & Japan.

    More and more international professional service providers including Flag Point Business School, a certificated business school by the China Communication Industry Association Professional Committee Of Blockchain (CCIAPCB); Across Asia Communications Limited, an award winning PR agency dedicated to nurture startups; L&Y Law Office, a law firm proficient in IPO, merge & acquisition, private equity investment and finance; ALE&CO, a professional accounting firm with expertise in China GAAP & IFRS joined SmartUp ecosystem as co-workers and willing to accept SIT token for their professional fees to incubate blockchain projects smoothly.

    "We will have different incubatees from Japan, South Korea and China joining us in coming months, to provide comprehensive support, we are working hard to identify more professional service providers across the region to join us. Our Smart Credit Check features a comprehensive smart credit rating system which provides trustful reference to project owners, investors and service providers." Mr.Wu concluded.

    For more information, please visit https://www.smart-up.co/

    About SmartUp
    SmartUp is a global blockchain incubating platform connecting enterprises and individuals. It connects diversified types of projects, companies, individuals, and services, as a result of irrefutable, transparent and temper-free features. The platform also provides a comprehensive service for startups through SIT, which would help create a complete credit system. For detailed information, please visit: www.smart-up.co


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

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    HKTDC Chairman Vincent HS Lo, offers advice to Hilary Yip, the 13-year-old founder of start-up MinorMyna.
    Hilary Yip
    HKTDC Chairman Vincent HS Lo (2nd row, 5th from R), HKTDC Executive Director Margaret Fong (2nd row, 5th from L), judges and finalists of the competition in the Start-up Express incubation programme.
    13-Year-Old Start-up Founder Pitches Ideas to HKTDC Chairman

    HONG KONG, May 18, 2018 - (ACN Newswire) - A record turnout of more than 18,300 visitors attended the 10th Entrepreneur Day, which concluded its two-day run at the Hong Kong Convention and Exhibition Centre today. The number represented a four per cent increase from last year. Organised by HKTDC, the event hosted a record 276 exhibitors, showcasing a range of innovative products and technologies as well as support services for start-ups. A series of on-site activities were organised to help start-ups seek funding, expand their business, recruit talent and solve problems. These included seminars, pitching sessions, Start-up Clinic consultations, as well as Start-up Mixer "speed dating" meetings between start-ups and experts in various sectors.

    Nurturing young entrepreneurs

    A key highlight of Entrepreneur Day 2018 was today's Start-up Express Pitching Final, the final contest of the HKTDC's new "Start-up Express" incubation programme. Launched in March this year, Start-up Express aims to help start-ups expand globally by connecting them with investors, buyers and potential partners from different parts of the world, through exhibitions, overseas business missions and other activities. Participants are selected through a competition that culminates in the Start-up Express Pitching Final. In this year's inaugural edition, 20 finalists were shortlisted from 100 entrants.

    Today's Start-up Express Pitching Final was preluded by a Teenage Entrepreneur Pitching session, during which Hilary Yip, the 13-year-old founder of start-up MinorMyna, pitched her business ideas to HKTDC Chairman Vincent HS Lo. She also shared her source of inspiration and story as an entrepreneur. "My business is an online educational platform that helps children of all ages pick up another language by chatting via live video calls with children their own age [in other countries]. My original intention was to help people to learn. But if it's popular, I think it will make money, just like Facebook," she said.

    Mr Lo said: "Youth are the future of Hong Kong. It's very important to nurture them and create opportunities for them, as they will be driving force of the city's economic development."

    Start-up Express winners

    The Start-up Express Pitching Final yielded 10 winners - Dragon Creative Enterprise Solution Limited, RainsOptics Limited, Film Players Limited, Koofy Development Limited, Walnut Technology Limited, Mamahelpers Limited, 3DK Tech Limited, Farseer Limited, Lecker Labs Limited, Hong Kong Wowwoo Catering Services Limited.

    Each of them is entitled to participate, free of charge, in a series of major local and overseas activities, worth about HK$160,000, that will help them build their networks and expand their business. The activities include a business mission to the Guangdong Hong Kong-Macao Bay Area and visits to major trade fairs around the world. Business leaders, including Mr Lo; Victor Fung, Group Chairman of Fung Group; Neil Shen, Founding and Managing Partner of Sequoia Capital China; and Daryl Ng, Deputy Chairman of Sino Group will share their experiences with the winners during a series of power meet-ups. NiCubator, a project set up by actor and entrepreneur Nicholas Tse, may also provide the winners with promotion opportunities.

    The contest's Head Judge Antony Leung, also Chairman and CEO of Nan Fung Group, said: "The quality [of the contestants] is very good. I'm interested to invest many of them. It also shows that Hong Kong's ecology and environment for start-ups is getting better and better." Other judges included Jonathan Lee, Director of Karting Empire; Derek Yeung, co-founder of Chef Nic Holdings Ltd, Duncan Chiu, CEO and co-founder of Radiant Venture Capital; Erica Ma, co-founder and Community Advisor of Cocoon, Lap Man, co-founder and Managing Partner of Beyond Ventures; and Chen Guanhua, co-founder of the HKX.

    Entrepreneur Day Website: www.hktdc.com/eday
    Photo Download: https://bit.ly/2GuvvLR

    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 more than 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 business insights and 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:
    Angel Tang, Tel: +852 2584 4554, Email: angel.hc.tang@hktdc.org 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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    AnApp Blockchain Technologies Limited : The IOTW Ecosystem. New disruptive blockchain technology.
    HONG KONG, May 21, 2018 - (ACN Newswire) - AnApp Blockchain Technologies Limited ("AnApp") announces the development of the innovative "Proof of Assignment" and "Micro-mining" algorithms that form the backbone of a game-changing blockchain ecosystem for the IoT world.

    AnApp is a Hong Kong based blockchain technology company (website: www.iotw.io). The Company's founders have deep connections with world class technologies companies. Most of the founders are experts with more than 30 years of experience in computer hardware and software, holding more than 20 patents in semiconductor and electronics designs.

    The founders of AnApp believe that the integration of IoT and blockchain can bring significant benefits to our industries as well as our daily lives. However, the currently available "Proof of Work" algorithm not only consumes vast amount of power, but also requires expensive processors, large amount of memory, and numerous hardware and accessories, which make them inapplicable to most IoT devices. To resolve these application problems, the founders of AnApp have developed the "Proof of Assignment" and "Micro-mining" algorithms, which truly open up blockchain technology to the IoT world.

    The "Proof of Assignment" and "Micro-mining" algorithms do not require high computational power or electricity, and are memory light with minimal or no add-on cost to IoT device. With these proprietary algorithms, AnApp is developing the "IOTW" (IoT World, the cryptocurrency of AnApp) blockchain ecosystem. IoT devices can now carry out "green-mining" that is socially and environmentally responsible. The IOTW blockchain ecosystem will also allow IoT devices to carry out intelligent sourcing for accessories, after sale services and product suppliers autonomously. Smart appliances will be upgraded to autonomous appliances with this new technology, connecting all the industries and people's daily lives to the IoT world.

    Another main feature of the "Proof of Assignment" algorithm is its support for instant transactions. The Company successfully demonstrated micro-mining and instant transactions with 15 micro-mining devices in Penang on May 4, 2018. All transactions in the IOTW blockchain ecosystem will be low cost, instantaneous, energy efficient and green. The IOTW blockchain software will be free to download for all IoT devices.

    "The veteran blockchain investors in Penang, after understanding the functionalities and features of our blockchain platform, came to believe that our IOTW blockchain ecosystem had the critical success factors for large scale implementation and application in the real world. It is quite different from other currently available blockchain technologies that are difficult to be deployed in real life and their tokens remain in the realm of speculative trading. Many investors had immediately decided to purchase our IOTW tokens after seeing our system demonstration. We are determined to build up and expand our technology to popularize blockchain to every household in the world and bring them economic benefits," Frederick Leung, co-founder and CEO of AnApp said.


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

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    Car 9 (Esapekka Lappi, Janne Ferm)
    Rally Portugal: Day 4

    Toyota City, Japan, May 21, 2018 - (JCN Newswire) - Toyota Yaris WRC driver Esapekka Lappi finished in fifth position on Rally Portugal following a strong performance on the final day that featured two stage wins, including on the Power Stage. Team-mate Jari-Matti Latvala also enjoyed a positive conclusion to the event, taking his third stage win of the weekend and bringing the team's total for the rally to six.

    http://www.acnnewswire.com/topimg/Low_ToyotaGAZOO52118.jpg
    Car 9 (Esapekka Lappi, Janne Ferm)

    The last day in Portugal was made up of five short stages in the Fafe region, and Lappi made a flying start with a stage win on the opening test to move up from fifth to fourth overall. He traded the position with Dani Sordo over the next two stages, but after the rally he was given a 10-second time penalty for an infringement on Friday evening's street stage, which dropped him back to fifth. He did however take victory on the rally-ending Power Stage, claiming five bonus points to move up to fifth in the drivers' championship.

    On the middle stage of the day, Luilhas, Toyota claimed a one-two in the stage results, with Latvala posting the quickest time and Lappi in second. Latvala had been forced to retire on a tough Friday for the team (when Ott Tanak's rally also came to an early end) but was able to return under Rally 2 rules on Saturday and show his strong pace in the Yaris WRC over the final two days.

    Quotes

    Tommi Makinen (Team Principal)

    "It is good to have finished Rally Portugal on a positive note. It was obviously a disappointing start on Friday for everybody, but it was good to then see Jari-Matti back in action and for him to get two good clean days behind the wheel. Esapekka did very well to challenge for the podium, and he had a great fight against Teemu Suninen: it was nice to see these two young Finns pushing each other so hard. Esapekka didn't win the battle on this occasion, but he still managed to get five points from the Power Stage, which was really nice to see and a good reward for his effort over the past two days. Overall, we will try to learn from this weekend and be stronger next time."

    Jari-Matti Latvala (Driver car 7)

    "Today was another good day, with another stage win. Of course, I tried to go for points on the Power Stage and give everything I could. It was a very good run; I don't think I could have driven much better, but there was a very big cleaning effect on the Fafe stage today and I was the first World Rally Car on the road. I am happy though because the confidence is improving a lot. We had the problem on Friday but at least I could then drive two clean days without any mistakes. We could also learn something on today's stages, which were more technical than before, about the setup that we need for Sardinia. I feel very positive going there."

    Esapekka Lappi (Driver car 9)

    "Today we just continued like we ended yesterday: flat out all the time. In the end, we just couldn't catch Suninen. It was a tough, tough fight. He did a good job and deserved the podium. However, I have to be pleased to take five points from the Power Stage as well. I have now won half of the Power Stages this year, and this is important, because I now have 15 points just from these three stages alone. I'm pretty satisfied with the weekend: we didn't make any mistakes, and that is what we were looking for."

    FINAL RESULT, RALLY PORTUGAL

    1. Thierry Neuville / Nicolas Gilsoul (Hyundai i20 Coupe WRC) - 3h49m46.6s
    2. Elfyn Evans / Daniel Barritt (Ford Fiesta WRC) - +40.0s
    3. Teemu Suninen / Mikko Markkula (Ford Fiesta WRC) - +47.3s
    4. Dani Sordo / Carlos Del Barrio (Hyundai i20 Coupe WRC)+1m00.9s
    5. Esapekka Lappi / Janne Ferm (Toyota Yaris WRC) - +1m04.7s
    6. Mads Ostberg / Torstein Eriksen (Citroen C3 WRC) - +3m33.5s
    7. Craig Breen / Scott Martin (Citroen C3 WRC) - +5m23.0s
    8. Pontus Tidemand / Jonas Andersson (Skoda Fabia R5) - +14m10.8s
    9. Lukasz Pieniazek / Przemyslaw Mazur (Skoda Fabia R5) - +16m17.3s
    10. Stephane Lefebvre / Gabin Moreau (Citroen C3 R5) - +16m34.3s
    24. Jari-Matti Latvala / Miikka Anttila (Toyota Yaris WRC) - +48m50.3s
    Retired after day 2 - Ott Tanak / Martin Jarveoja (Toyota Yaris WRC)

    What's next?

    Next on the FIA World Rally Championship is another event on soft and sandy gravel in the south of Europe: Rally Italia Sardegna (June 7-10). Based in Alghero in the north west of the island of Sardinia, the Italian round of the series features fast and narrow stages. Exposed rocks, as well as trees at the side of the road, can catch out the unwary, while temperatures can often be high.

    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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    European Union H2020 5G Public-Private Partnership 5G-Crosshaul Featuring Twenty-Company Consortium Delivers 5G Transport Network Solution Cementing European Leadership in Crucial 5G Area

    TOKYO, May 21, 2018 - (JCN Newswire) - A consortium of twenty industry-leading companies, including NEC, today announced the successful completion of a nearly three-year European Union Horizon 2020 project aimed at developing a 5G integrated backhaul and fronthaul transport network. After nearly three years, the project, 5G-Crosshaul, is now the de-facto concept for the 5G integrated fronthaul/backhaul transport network.

    The 5G-Crosshaul consortium was selected in 2015 to develop a 5G integrated backhaul and fronthaul transport network that enables a flexible and software-defined reconfiguration of all networking elements in a multi-tenant and service-oriented unified management environment. The transport network flexibly interconnects distributed 5G radio access and core network functions hosted on in-network cloud nodes. This is achieved through the implementation of a control infrastructure using a unified, abstract network model for control plane integration and a unified data plane encompassing innovative high-capacity transmission technologies, as well as novel deterministic-latency switch architectures.

    "It has been truly an honor to oversee one of the most ambitious 5G transport network research and development efforts to date," said Arturo Azcorra, Director of IMDEA Networks, Co-founder of 5TONIC, and Project Coordinator of 5G-Crosshaul. "The successful results of the 5G-Crosshaul project have advanced scientific knowledge and international standardization of 5G systems, and ultimately contributed to an increase in Europe's 5G global competitiveness."

    The 5G-Crosshaul solution was demonstrated and validated through 18 experiments integrating multiple technology components from the partners. Real-world trials took place at sites in Berlin, Madrid, Barcelona and Taiwan, and delivered sub-millisecond latency, tens of Gbps throughput, and proven energy and cost savings up to 70%, depending on the deployment scenario. The trials also demonstrated fast service deployment time in the order of minutes, taking advantage of SDN and NFV concepts.

    "The 5G-Crosshaul project has delivered a novel transport network that provides overall resource optimization and brings the CAPEX and OPEX investments to a reasonable ROI range," said Xavier Costa, Head of 5G Networks R&D and Deputy General Manager of the Security & Networking R&D Division, NEC Laboratories Europe, and the Technical Manager of the project. "This project's major innovation has set the stage to deliver on the huge increased available bandwidth and ultra-low-latency required by the fifth generation of network technologies."

    Following its final project review by independent experts appointed by the European Commission, the 5G-Crosshaul project was declared to "have fully achieved its objectives and milestones and delivered exceptional results with significant immediate or potential impact". The EU experts report highlighted "Significant results linked to dissemination, exploitation and impact potential", in particular:

    91 papers - in several prestigious journals
    74 presentations/panels/webinars, and 14 (Co-)organized workshops
    28 demonstrations, including at flagship events such as MWC'16 and MWC'17
    35 normative contributions feeding into key standardization specifications of eCPRI, G.metro, IETF CCAMP, IETF DETNET, and ONF
    25 contributions for information purposes in several standardization bodies such as NGMN, ITU-T, FSAN, ETSI, IEEE, BBF, ONF.

    The EU experts report continued to note that "several key innovations have been identified, and some of them have been mapped to products for exploitation. The project has so far registered five patent applications. Future exploitation plans are expected to emerge by the partners, outside the project umbrella and based on these innovations."

    "Throughout its lifetime, the 5G-Crosshaul project has successfully delivered 60-plus technological and informational contributions to the advancement of 5G standards," said Paola Iovanna, Ericsson, Innovation Manager of the project. "The project produced radical technology innovations, several directly mapped to products, setting this project as one of the most groundbreaking and unique projects to date."

    For more information on the 5G-Crosshaul project, please visit http://5g-crosshaul.eu/

    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, May 21, 2018 - (ACN Newswire) - Coinsuper, the professional digital asset trading platform, is pleased to initiate the establishment of a Crypto Exchange Network (CEN), with the vision of connecting the financial world. Coinsuper is under the Higgs Block Group, a blockchain technology and financial conglomerate.

    Ms. Karen Chen, the CEO of Higgs Block Group, was invited to the FINWISE Summit hold in Tokyo today and shared her insights during her speech, she said, the establishment of CEN is quite important, the CEN will coordinate the traditional financial world including financial institutions, regulatory authorities and cryptocurrency exchanges to expand the cryptocurrency market; the CEN will only support good quality ICO tokens to get listed and connect to a group of cryptocurrency exchanges, so as to expand their market presence; the CEN will lead the members to highly secured system and cooperate on the product development.

    Coinsuper will act as a syndicate agent liaising as the central hub for coordination with the responsibilities including but not limited to (1) coordinating with exchanges; (2) protecting customers; (3) opting for self-regulation; (4) mitigating risks and (5) developing more business opportunities to achieve win-win situation.

    About Coinsuper
    Coinsuper is a leading digital asset trading platform in the world. We are a global elite team with extensive experiences in financial advisory, compliance, wealth management and most importantly, cryptocurrency and financial technology. Coinsuper adopts methods such as SSL encryption technology, multi-signature cryptocurrency wallets, offline capital management to ensure the security and stability of the platform. We also adopt google authenticator in customer login and fund/BTC withdrawal to ensure that our customers' assets and account information are well protected.

    Website: www.coinsuper.com
    Telegram: https://t.me/CoinsuperEx

    About Higgs Block
    Established in Singapore at 2017, Higgs Block Technology Pte. Ltd. is a group focused on Blockchain technology, aiming to bring more convenient and secure Blockchain assets services to the world. Currently, Higgs Block has extended its network to Singapore, Japan, South Korea, Hong Kong, UK and switzerland, etc. Higgs Block owns a full range of resources in Blockchain Industry, with profound investment and construction in Bitcoin mining, miner manufacturing and sales, cryptocurrency exchanges, cryptocurrency assets custody, ICO projects, and underlying technology of Blockchain, etc.

    Website: www.higgsblock.com


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

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    HKEX Awarded The Overall Best IR Company Award (Large Cap)

    HONG KONG, May 21, 2018 - (ACN Newswire) - Hong Kong Investor Relations Association (HKIRA) has today announced the winners of the HKIRA 4rd Investor Relations Awards 2018 (the "IR Awards" or "Awards").

    Held for four consecutive years, the annual Awards recognise and honour investor relations excellence and best practices among Hong Kong-listed companies and IR professionals. Over 300 guests from listed companies, the IR industry and investor community gathered at today's IR Awards Conference and Awards Presentation Luncheon to celebrate the winners' IR excellence and dedication. HKIRA was also honoured to have Mr. Ashley Alder, JP, as the Guest-of-Honour and keynote speaker at the Award Presentation Luncheon. He also presented the Overall Best IR Company Awards at the ceremony.

    The keen enthusiasm for the 4rd IR Awards can be seen from the entry of 184 listed companies. As in previous years, award winners have been selected through online polling by various eligible voters from buy-side and sell-side investors to select who they believe are the best IR professionals and companies. The IR Awards have received tremendous support from the investment community with over 600 voters. This year, 48 listed companies were awarded. Amongst all award categories, The "Overall Best IR Company" is the most prestigious, as it is selected among winners of all the award categories by the Judging Panel to honour companies which demonstrate outstanding and all-round excellence in their IR efforts. This year, the winners of the Overall Best IR Company by company size - Large Cap, Mid Cap, and Small Cap - are Hong Kong Exchanges and Clearing Limited (stock code: 388), Fortune Real Estate Investment Trust (stock code: 778) and Sa Sa International Holdings Limited (stock code: 178) respectively.

    Furthermore, to honour IR excellence across a broader range of IR aspects, the "Best IR Presentation Collaterals" has been expanded with three new categories, namely, "Best Digital IR", "Best Investor Presentation Materials" and "Best Annual Reports" to recognise expertise of candidate companies in these specific areas. Despite number of award categories increased, the number of winner companies is less than the previous year, which demonstrates the stringent criterion of the judging panel.

    Dr. Eva Chan, Founding Chairman of HKIRA said, "The year 2018 marks the 10th Anniversary of HKIRA's establishment and the fourth year of the IR Awards since their inception in 2015. In the past year, the IR Awards has enjoyed greater support and participation of listed companies and practitioners alike, who appreciate the strategic value of IR and are striving to implement best IR practices. With the increasing number of participants and the enthusiastic poll responses, the importance attached to best IR practices are clearly evident among Hong Kong listed companies, and the investment community and fellow industry professionals also recognise the value of the IR Awards themselves as well as the excellence in IR achieved by the Award winners. We are highly pleased to witness a significant growth in terms of the scale and standards of the local IR profession, and to see a more widespread implementation of IR best practices in IR as a profession and as a critical element of corporate governance gain momentum amongst Hong Kong listed companies and the investment community. We will continue to maintain our mission to raise the benchmark for excellence in investor relations in Hong Kong and in this way to help uphold Hong Kong's status as one of the world's most preferred international financial centres and capital markets"

    4th IR Awards winning companies including (arranged in sequence of stock code):

    Stock Code / Company
    0002 CLP Holdings Limited
    0004 The Wharf (Holdings) Limited
    0005 HSBC Holdings plc
    0016 Sun Hung Kai Properties Limited
    0017 New World Development Company Limited
    0027 Galaxy Entertainment Group Limited
    0035 Far East Consortium International Limited
    0163 Emperor International Holdings Limited
    0173 K. Wah International Holdings Limited
    0178 Sa Sa International Holdings Limited
    0179 Johnson Electric Holdings Limited
    0200 Melco International Development Limited
    0242 Shun Tak Holdings Limited
    0291 China Resources Beer (Holdings) Company Limited
    0388 Hong Kong Exchanges and Clearing Limited
    0435 Sunlight Real Estate Investment Trust
    0494 Li & Fung Limited
    0636 Kerry Logistics Network Limited
    0700 Tencent Holdings Limited
    0729 FDG Electric Vehicles Limited
    0772 China Literature Limited
    0778 Fortune Real Estate Investment Trust
    0808 Prosperity Real Estate Investment Trust
    0823 Link Real Estate Investment Trust
    0868 Xinyi Glass Holdings Limited
    0887 Emperor Watch & Jewellery Limited
    0906 CPMC Holdings Limited
    1112 Health and Happiness (H&H) International Holdings Limited
    1117 China Modern Dairy Holdings Limited
    1200 Midland Holdings Limited
    1361 361 Degrees International Limited
    1368 Xtep International Holdings Limited
    1381 Canvest Environmental Protection Group Company Limited
    1458 Zhou Hei Ya International Holdings Company Limited
    1569 Minsheng Education Group Company Limited
    1828 Dah Chong Hong Holdings Limited
    2001 China New Higher Education Group Limited
    2018 AAC Technologies Holdings Inc.
    2020 ANTA Sports Products Limited
    2199 Regina Miracle International (Holdings) Limited
    2202 China Vanke Co., Limited
    2313 Shenzhou International Group Holdings Limited
    2331 Li Ning Company Limited
    2343 Pacific Basin Shipping Limited
    2778 Champion Real Estate Investment Trust
    3358 Bestway Global Holding Inc.
    3380 Logan Property Holdings Company Limited
    6068 Wisdom Education International Holdings Company Limited

    For the complete list of winners, please visit http://hkira.com/awards/winners.php.

    Strategic Public Relations Group is proud to be the Official Public Relations Partner and Diamond Sponsor of the HKIRA IR Awards 2018.

    Judging Panel
    - Professor Louis Cheng (Chairman of the Judging Panel)
    Professor of Finance, School of Accounting & Finance, Hong Kong Polytechnic University
    - Mrs. Amy Donati
    Chief Executive Officer, EDICO Financial Press Services Limited
    - Ms. Ashley Khoo
    Immediate Past President, The Hong Kong Society of Financial Analysts
    - Mr. Andrew Look
    Chief Investment Officer, China Hong Kong Link Asset Management Limited
    - Ms. Victoria Mio
    Chief Investment Officer China, Fund Manager, Robeco Chinese Equities
    Co-Head, Robeco Asia Pacific Equities
    - Mr. Marcus Sultzer
    International Managing Director, EQS Group AG
    - Mr. Andrew Weir
    Regional Senior Partner, KPMG Hong Kong
    Vice Chairman, KPMG China
    Global Chairman of Real Estate and Construction, KPMG
    ASPAC Chairman of Infrastructure, Government and Healthcare, KPMG
    - Ms. Helen Zee
    General Committee Member, The Chamber of Hong Kong Listed Companies

    About HKIRA
    Hong Kong Investor Relations Association (HKIRA) is a professional association comprising investor relations practitioners and corporate officers responsible for communication between corporate management and the investment community. HKIRA advocates the setting of international standards in IR education, advances best IR practices and meets the professional development needs of those interested in pursuing the investor relations profession.

    HKIRA is dedicated to advance the practice of IR as well as the professional competency and status of its members. To date, HKIRA has over 700 members most of whom are working for companies primarily listed on the Stock Exchange of Hong Kong. HKIRA's members are from a wide spectrum of professions including IR, finance, accounting and company secretarial to corporate investment and hold positions at different corporate levels, including top executives responsible for IR and management of listed companies.

    For more information about HKIRA, please visit www.hkira.com.

    About the IR Awards
    Inaugurated in 2015, the Investor Relations Awards (IR Awards) celebrate excellence in the local IR industry through the annual presentation of awards to the many diverse professionals that make up the dynamic IR and finance industries in Hong Kong. HKIRA aims to initiate the IR Awards as the industry benchmark for high standard of excellence in investor relations by individuals and companies listed on the Stock Exchange of Hong Kong.

    The Awards ceremony is a spectacular gathering of IR specialists and industry professionals that applauds and publicises the year's achievements in investor relations. For details of the Awards and online nomination, please visit www.hkira.com/awards.

    Media enquiries
    Strategic Public Relations Group
    Cindy Lung Tel: +852 2864 4867 Email: cindy.lung@sprg.com.hk
    Jessica Siu Tel: +852 2114 2820 Email: jessica.siu@sprg.com.hk
    Adrianna Lau Tel: +852 2114 4987 Email: adrianna.lau@sprg.com.hk
    Website: www.sprg.asia

    Hong Kong Investor Relations Association
    Selina Li Tel: +852 2117 1846 Email: irawards@hkira.com
    Website: www.hkira.com


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

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    Offering provides easy-to-use reporting tool to address significant regulatory changes occurring in Australian banking market

    White Plains, N.Y., May 22, 2018 - (ACN Newswire) - Argus Information & Advisory Services, a Verisk (Nasdaq:VRSK) business, has launched its state-of-the-art regulatory reporting solution in the Australian market. The cloud-based offering addresses the recent Economic and Financial Statistics (EFS) modernization and helps bring dramatic efficiency and effectiveness to the reporting processes. It also serves to meet a growing need for automation among local and foreign banks.

    The Australian Prudential Regulation Authority (APRA) recently announced its first overhaul of reporting requirements since the early 2000s. Within the next two to three years, financial institutions will be expected to provide more high-quality, granular data, but by the end of 2019, institutions have to become EFS-compliant as part of a three-phase plan. Both authorised deposit-taking institutions (ADIs) and non-ADIs must follow the new reporting requirements.

    The compliance process is anticipated to be daunting for banks, and they are likely to confront several new challenges. Generating new reports with detailed and granular data sets should require upgrades to both processes and technologies. Siloed data and reporting environments may be stressed and no longer able to support and future-proof against the new regulatory norms. Ensuring data quality and reconciliations will likely demand increased time and effort as regulators seek auditable contract- and transaction-level information.

    Using its deep domain experience and global best practices, Argus is uniquely positioned to address these challenges with its APRA reporting solution. Argus's proprietary data management platform helps banks manage all business configurations and report validations in line with regulatory expectations. Additionally, the universal banking data model helps generate a varied set of analysis, regulatory reporting, and management information systems (MIS) across the banking business landscape.

    "In this changing financial compliance landscape, Argus is offering Australian financial institutions a next-gen RegTech solution that has already proven effective in other jurisdictions," said Vivek Subramanyam, head of Data & Application Solutions at Argus. "Our solution is ideal to help prepare and sustain compliance for all regulatory reporting requirements."

    About Argus

    Argus is a leading provider of securely hosted analytical risk and compliance management solutions for financial institutions. Argus maximizes the value of data by transforming it into insightful information and analysis that assist clients in understanding their market contribution, managing and mitigating risk (default, fraud, funding, and compliance), and capitalizing on their financial objectives. Argus, a Verisk (Nasdaq:VRSK) business, is headquartered in White Plains, New York, with additional offices in Sydney, Melbourne, Auckland, Singapore, Bangalore, Dubai, London, Sao Paulo, and San Francisco. For more information, please visit:
    www.arguscloud.com
    www.argusinformation.com

    Contact:
    Giuseppe Barone/Erin Bzymek
    MWWPR (for Argus)
    201-507-9500
    gbarone@mww.com
    ebzymek@mww.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: Verisk Analytics Inc. via Globenewswire

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

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    Successfully Adds 19 New Construction Services Projects and One BLMT Project;
    Strong Project Pipeline and Solid Foundation Laid for Growth in Future Earnings

    HONG KONG, May 22, 2018 - (ACN Newswire) - BGMC International Limited ("BGMC" or the "Group") (HKEX: 1693), a Malaysia-based construction services company, has announced its interim results for the six months ended 31 March 2018 ("1H2018" or the "Period").

    During the Period, the Group's revenue was RM311.9 million (approximately HK$642.5 million) (1H2017: RM359.1 million), despite most of the projects being still at the early stage of completion. Gross profit amounted to RM44.8 million (approximately HK$92.3 million), while gross margin was 14.4% (1H2017: RM65.9 million and 18.4% respectively). The decrease in gross profit was mainly due to the early stage of progress for most of the projects in hand; and the wait for the final account and claim settlement of the completed projects. Consequently, the Group's net profit for the Period was RM13.6 million (approximately HK$28.0 million) (1H2017: RM32.6 million).

    Despite relatively fewer projects having been booked in 1H2018, the Group has maintained its business momentum by securing new projects and contracts during the Period, which has laid a solid foundation for the growth of its future earnings. During the Period, the Group has successfully added 19 new projects worth RM244.5 million (approximately HK$503.7 million) in contract value.

    Construction Services
    The Construction Services sector continued to be BGMC's main revenue contributor, contributing 98.2% or RM306.4 million in 1H2018 (approximately HK$631.2 million) (1H2017: RM353.8 million).

    During 1H2018, the Building and Structure segment contributed 73.6% or RM245.2 million (approximately HK$505.1 million). The projects near completion included MSM Warehouse, the Serini Melawati and D'Pristine Medini. Meanwhile, those projects progressing well included the Sky Seputeh, Setia Spice and V-Residency 5. The Group had also started new projects such as the Building Works for the Melaka 2,422 megawatt ("mw") Combined Cycle Gas Turbine ("CCGT") Power Plant and the Tenaga Nasional Berhad ("TNB") Worker's Quarters. Moreover during the Period, BGMC secured four new contracts worth RM163.7 million (approximately HK$337.2 million) including the Building Works for the Melaka 2,422mw CCGT Power Plant and the TNB Worker's Quarters. The Group had an outstanding order book of RM799.9 million (approximately HK$1,647.8 million).

    For 1H2018, BGMC undertook Energy Transmission and Distribution works that involved the installation of 132 kilovolt ("kV") underground cabling systems and the construction of a 275/132kV power substation. This segment has contributed 8.9% or RM29.5 million (approximately HK$60.8 million) of BGMC's revenue in 1H2018 and it had recorded healthy growth of 10.5%. The increase was made possible with the construction of PMU 275/132kV Tanjung Langsat which is close to completion while the underground cabling works into PMU MRT Semantan from PMU Damansara City to PMU Brickfield have also made to an advance progress. With the award of another new contract for 132kV underground cabling installation works from PMU Sri Hartamas to PMU Matrade worth RM15.2 million (approximately HK$31.3 million), this segment had an outstanding order book of RM92.6 million as at 31 March 2018 (approximately HK$190.8 million).

    During 1H2018, the Mechanical and Electrical segment has contributed RM22.0 million (approximately HK$45.3 million) in revenue, accounting for 6.6% of BGMC's total revenue. The segment has a total of 18 ongoing projects. During the Period, the Group secured 12 new contracts in this segment worth RM28.8 million (approximately HK$59.3 million) in total and had retained healthy outstanding contracts worth RM160.7 million (approximately HK$331.0 million).

    The Earthwork and Infrastructure segment has recorded RM9.6 million (approximately HK$19.8 million) of revenue in 1H2018 or 2.9% of the total revenue. BGMC has secured a new contract in 1H2018 for earthworks, soil improvements works, instrumentation works and its associated works at Kuala Langat for a contract sum of RM36.0 million (approximately HK$74.2 million). This new contract has boosted the outstanding orders to RM48.5 million (approximately HK$99.9 million) in total as of 31 March 2018.

    Concession and Maintenance Services Sector
    In 1H2018, the Concession segment recorded an imputed interest income of RM21.5 million (approximately HK$44.3 million), while the Maintenance Services segment contributed RM5.5 million (approximately HK$11.3 million) (1H2017: RM21.8 million and RM5.3 million respectively) to the Group's revenue. The remaining contract period for our UiTM Concession stood at 17 years and 8 months as of 31 March 2018. The outstanding imputed interest income for its Concession segment that is yet to be recognized is amounted to RM853.8 million (approximately HK$1,758.8 million) while the outstanding contract value for the Maintenance Services segment is now amounted to RM189.9 million (approximately HK$391.2 million).

    The success of the UiTM Build, Lease, Maintain and Transfer ("BLMT") project has elevated BGMC's performance and profile in the Concession and Maintenance Services sector and this in turn has enhanced the ability to secure more concessions in the future. Leveraging the experience and expertise in the Construction Services sector and the Concession and Maintenance Services sector, BGMC has secured another concession project to construct and develop a Large Scale Solar PV Plant ("LSSPV Plant") of 30 megawatt alternate current ("MWa.c.) at Kuala Muda, Kedah, Malaysia. It has accepted the letter of award from the Energy Commission of Malaysia and signed a 21-year power purchase agreement with TNB, the sole electricity distributor in Peninsular Malaysia. The commercial operation date of the LSSPV Plant is scheduled to be on 30 September 2020.

    PROSPECTS
    In Malaysia, BGMC foresees construction projects to increase which will also increase the number of concession projects in transportation, road, communications, healthcare, energy and education sectors undertaken by the government of Malaysia. BGMC believes that it is working from a position of strength to capture the concession projects under the Private Finance Initiative programme which will widen its customer base and at the same time, strengthen its reputation in both Malaysia and the regional construction landscape.

    BGMC sees promising prospects as it boasts both a high outstanding value and a strong replenishment of its order book. The newly won concession project to construct and develop a 30 MWa.c. LSSPV plant will boost the Group's performance over the next 24-to-36 months.

    Tan Sri Barry Goh, Chairman and Executive Director of BGMC, said, "Moving forward, we will optimise productivity and replenish the order books in the next six months, tendering for projects in the corporate, both the residential and commercial property and industrial sectors, government-linked projects and supporting infrastructure projects in Malaysia as well as seize opportunities available elsewhere in the Southeast Asia region. At the same time, we will look for possible opportunities via strategic partnerships to extend our portfolio and footprint across the region, thereby increasing our market share in the near future."

    As at 31 March 2018, BGMC's order book for the Construction Services sector stood at RM3.6 billion (approximately HK$7.4 billion), while its outstanding order book stood at RM1.1 billion (approximately HK$2.3 billion).

    Major Ongoing Projects - Contract value

    D'Pristine Medini: Construction of a mixed development consisting of a 3-storey retail unit, 6-storey parking facilities, a 23-storey office tower, a 28-storey SOHO tower, a 29-storey SOHO tower and a 27-storey hotel tower at Medini Iskandar, Johor, Malaysia - RM580,000,000 / HK$1,194,800,000

    The Sky Seputeh: Construction of two blocks of 37-storey towers consisting of 290 units of apartments, car parks and other facilities at Taman Seputeh, Wilayah Persekutuan, Malaysia - RM292,020,000 / HK$601,561,200

    Setia Spice: Construction of a 26-storey building which consists of a 19-storey hotel tower (453 rooms), a three-storey carpark, a four-storey hotel facility and a two-storey basement carpark at Setia Spice, Bayan Lepas, Penang, Malaysia - RM209,488,000 / HK$431,545,280

    The Serini: Construction of two 38-storey tower blocks consisting of 528 units of apartments, car parks and other facilities at Melawati, Selangor, Malaysia - RM178,908,000 / HK$368,550,480

    TNB Worker's Quarters: Construction of one eight-storey block of executive quarters (24 units), three nine-storey blocks of non-executive quarters (160 units) and other facilities at Kuala Berang, Terengganu, Malaysia - RM76,531,000 / HK$157,653,860

    V-Residency 5: Construction of a 24-storey tower consisting of apartments and other amenities at Selayang Town, Gombak District, Selangor, Malaysia - RM66,850,000 / HK$137,711,000

    Melaka Power Plant: Building Works for the Construction of a 2,422mw Combined Cycle Gas Turbine Power Plant at Kuala Sungai Baru, Alor Gajah, Melaka, Malaysia - RM49,853,000 / HK$102,697,180

    About BGMC International Limited
    Founded in 1996, BGMC International Limited is a construction services company based in Malaysia. With an operating history of over 20 years, it provides a wide range of construction services to customers. Armed with experience and expertise in construction services, the Group is capable of undertaking public private partnership (PPP) projects based on the Build, Lease, Maintain and Transfer (BLMT) model that can allow it to generate long-term recurring cash flow.

    Media Enquiries:
    Strategic Financial Relations Limited
    Heidi So (852) 2864 4826 heidi.so@sprg.com.hk
    Maggie Au (852) 2864 4815 maggie.au@sprg.com.hk
    Fanny Yuen (852) 2864 4853 fanny.yuen@sprg.com.hk
    www.sprg.com.hk


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

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    - Guests can purchase Hotel Tokens which can be exchanged for discounted hotel packages
    - A blockchain-based rewards programme will offer hotel guests and shoppers StayCay Points that can be used as rebates
    - Melaka will be used as the springboard for regional expansion

    SINGAPORE / MELAKA, MALAYSIA, May 22, 2018 - (ACN Newswire) - SGX-listed Hatten Land Limited ("Hatten Land") and home-grown proptech startup FundPlaces Pte Ltd ("FundPlaces") unveiled today Southeast Asia's first hospitality blockchain platform that will potentially integrate more than 3,400 hotel rooms and 5,000 retail outlets in Melaka as a springboard for regional expansion.

    The StayCay platform ("StayCay") will leverage on Hatten Land's position as the leading developer in the historical Malaysian tourist city of Melaka to offer digital utility tokens and rebates to tourists and shoppers via a private distributed ledger developed by FundPlaces, the two companies said in a joint announcement.

    Hatten Land's property developments comprise the Hatten City Phases 1 & 2, Harbour City, Satori, Vedro by the River and Hatten Place Hotel, which collectively have over 2,500 hotel rooms and 4,500 retail shops. Hatten Land's major shareholder, the Hatten Group conglomerate, separately manages various hotels and malls such as the Dataran Pahlawan Megamall, Hatten Hotel, Estadia Hotel as well as DoubleTree by Hilton Melaka which it owns.

    Under the strategic partnership, FundPlaces will develop for Hatten Land a dedicated blockchain platform, StayCay, to offer digital utility tokens that can initially be used in hotels, hospitality services and retail shops in Melaka, which hosted 16.7 million tourists in 2017 - the second most visited state in Malaysia.

    Through StayCay, Hatten Land will be able to issue Hotel Tokens, which guests can exchange for discounted hotel packages in the hotels managed by Hatten Land and the Hatten Group conglomerate (collectively, the "Hatten group").

    Separately, StayCay will operate a blockchain-based rewards programme offering hotel guests and shoppers StayCay Points that can be used in the Hatten group's portfolio of assets such as retail, food and beverage as well as wellness/hospitality outlets.

    The blockchain platform will facilitate unalterable transactions in an efficient and cost-effective manner and allow StayCay to scale up transactions as it expands to other Malaysian states and across Southeast Asia.

    Hatten Land and FundPlaces will form an 85:15 joint venture to operate StayCay. Barring unforeseen circumstances, StayCay is expected to go-live by December 2018.

    Dato' Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: "StayCay is a groundbreaking platform which we believe will disrupt traditional hotel booking methods while enhancing consumer experience through seamless integration of hospitality and retail services within a blockchain-based ecosystem."

    "This initiative represents a strategic shift by Hatten Land to incorporate leading technologies and open new frontiers in hospitality, retail and e-commerce. We believe this will not only boost tourism in Melaka but also in the region," Dato' Colin Tan added.

    Dato' Edwin Tan, Executive Director and Deputy Managing Director of Hatten Land who will lead Hatten Land's initiative in the technology space, said: "Technology is changing all facets of our life as well as disrupting how companies do businesses. For Hatten Land's future growth, it is crucial that we embrace technology in our businesses."

    Mr. Brian Wee, CEO of FundPlaces, said: "We are excited to partner with Hatten Land to develop StayCay on our FUDA[1] network, an enterprise grade blockchain for business to quickly deploy and scale asset digitisation solutions. We believe that StayCay represents an innovative leap forward in the hotel booking experience and are confident that users will find it a compelling proposition."

    "Hatten Land is a highly innovative developer that has adopted new technologies to deliver a world-class experience for their clients. StayCay underscores the forward-looking approach of Hatten Land's management team in re-imagining the consumer experience," he added.

    As announced on 3 May 2018, Hatten Land launched a new mall management arm as part of its strategy to complement its core property development business and drive recurring revenue. Hatten Land currently has two completed malls in Melaka - Elements Mall and Vedro by the River. It is also building three other malls in the city.

    Issued on behalf of Hatten Land Limited by WeR1 Consultants Pte Ltd:
    WeR1 Consultants Pte Ltd
    Singapore
    Contact: Mr Harold Woo
    Email: haroldwoo@wer1.net
    Tel: +65 6737 4844

    Malaysia
    Contact: Ms Asha C Devi
    Email: ashadevi@wer1.net
    Tel: +603 2731 9244

    Hatten Land Limited
    Singapore
    Contact: Mr Clarence Chong
    Email: clarence.chong@hattengrp.com
    Tel: +65 6690 3136

    Malaysia
    Contact: Ms Shieh Lyi Tan
    Email: shiehlyi.tan@hattengrp.com
    Tel: +606 282 1828

    FundPlaces Pte Ltd
    Singapore
    Contact: Mr Kok Keong Tan
    Email: kk.tan@fundplaces.com
    Tel: +65 8818 5350

    About Hatten Land Limited

    Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

    Hatten Land's current development portfolio comprises five integrated mixed-use development projects and one retail mall in Melaka, Malaysia. They are:

    1. Hatten City Phase 1 (incorporating Elements Mall, SilverScape Residences, Hatten Place, and a tower block that has been taken up by DoubleTree by Hilton);
    2. Hatten City Phase 2 (incorporating Imperio Mall and Imperio Residence);
    3. Harbour City (incorporating a mall, a theme park and three hotels);
    4. Satori (incorporating a retail mall, hotel and serviced residences);
    5. Vedro by the River (a retail mall); and
    6. The MICC Project (incorporating a shopping mall, cineplex, convention hall, an auditorium, meeting rooms, a hotel and a serviced apartment block).

    Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

    For more information, visit: www.hattenland.com.sg

    About FundPlaces Pte Ltd

    FundPlaces is a leading proptech company that developed FUDA ("Fuel for Digital Assets"), an enterprise-grade blockchain platform that supports the digitisation and exchange of assets on the blockchain. By leveraging on FUDA, businesses can quickly develop and scale blockchain-based applications for their customers.

    Successfully launched in 2017, FundPlaces.com - the first blockchain app on FUDA - is a pioneer in utilising the blockchain to provide its members with a secure and transparent way to invest in real estate globally.

    The team at FundPlaces has a diverse combination of industry-leading expertise, having worked for worked for bulge bracket banks, large real estate funds and premier technology firms. The team's vast experience enables FundPlaces to provide tailored, innovative and commercial solutions.

    For more information, visit: www.fundplaces.com

    [1] Fuel for Digital Assets (FUDA)

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

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    HONG KONG, May 22, 2018 - (ACN Newswire) - Coinsuper, the professional digital asset trading platform, is pleased to initiate the establishment of a Crypto Exchange Network (CEN), with the vision of connecting the financial world. Coinsuper is under the Higgs Block Group, a blockchain technology and financial conglomerate.

    Ms. Karen Chen, the CEO of Higgs Block Group, was invited to the FINWISE Summit hold in Tokyo today and shared her insights during her speech, she said, the establishment of CEN is quite important, the CEN will coordinate the traditional financial world including financial institutions, regulatory authorities and cryptocurrency exchanges to expand the cryptocurrency market; the CEN will only support good quality ICO tokens to get listed and connect to a group of cryptocurrency exchanges, so as to expand their market presence; the CEN will lead the members to highly secured system and cooperate on the product development.

    Coinsuper will act as a syndicate agent liaising as the central hub for coordination with the responsibilities including but not limited to (1) coordinating with exchanges; (2) protecting customers; (3) opting for self-regulation; (4) mitigating risks and (5) developing more business opportunities to achieve win-win situation.

    About Coinsuper
    Coinsuper is a leading digital asset trading platform in the world. We are a global elite team with extensive experiences in financial advisory, compliance, wealth management and most importantly, cryptocurrency and financial technology. Coinsuper adopts methods such as SSL encryption technology, multi-signature cryptocurrency wallets, offline capital management to ensure the security and stability of the platform. We also adopt google authenticator in customer login and fund/BTC withdrawal to ensure that our customers' assets and account information are well protected.

    Website: www.coinsuper.com
    Telegram: https://t.me/CoinsuperEx

    About Higgs Block
    Established in Singapore at 2017, Higgs Block Technology Pte. Ltd. is a group focused on Blockchain technology, aiming to bring more convenient and secure Blockchain assets services to the world. Currently, Higgs Block has extended its network to Singapore, Japan, South Korea, Hong Kong, UK and switzerland, etc. Higgs Block owns a full range of resources in Blockchain Industry, with profound investment and construction in Bitcoin mining, miner manufacturing and sales, cryptocurrency exchanges, cryptocurrency assets custody, ICO projects, and underlying technology of Blockchain, etc.

    Website: www.higgsblock.com


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

    0 0

    TOKYO, May 22, 2018 - (JCN Newswire) - Huawei and NTT DOCOMO, INC. marked another milestone in their joint 5G trials by completing a successful trial of Integrated Access Backhaul (IAB) technology using the 39GHz millimeter wave (mmWave) band. The field trial, which took place in Yokohama, Japan's Minato Mirai 21 waterfront area, involved wireless backhauling functionality between a 5G base station (IAB-donor) and a 5G relay node (IAB-node) using 39GHz signals, from where the IAB-node achieved wireless access with mobile user equipment (UE) via 39GHz signals.

    The trial demonstrated that IAB can significantly improve mmWave coverage and capacity. Throughput exceeding 650Mbps with a low latency of 1.6 ms was achieved with user equipment that was outside the range of the base station. Both the relay node and user equipment were under mobility condition during the tests.

    Conventionally, mmWave signals offer only limited coverage due to high propagation loss and interference from buildings. The need for a narrow directional beam to focus transmission power can further complicate efforts to achieve wide area coverage under non-line-of-sight conditions.

    The 3GPP standards organization is now considering IAB technology as a 5G New Radio (NR) standard. The technology involves the use of a compact focal lens antenna made with metamaterials to achieve advanced beamforming (maximum gain of 31 dBi) that concentrates radio waves in a specified direction for long-distance transmission. Beamforming mitigates interference between the wireless-backhaul and wireless-access links, and also enables simultaneous data transmissions over the same frequency. In addition, IAB-nodes enable low-latency data transmissions through fast beam-switching for the uplink and downlink, and they efficiently coordinate radio resource scheduling between the backhaul and access links.

    The IAB trial system demonstrated that IAB technology dramatically improves mmWave coverage and capacity. It also proved that IAB facilitates the use of high-speed, low-latency 5G communication among tall buildings and on isolated islands or in mountain regions where laying fiber presents problems.

    Huawei and DOCOMO have been collaborating on 5G innovation through a series of successful large-scale outdoor trials that began in December 2014. The two companies have been systematically verifying key 5G technologies, including Massive MIMO for enhanced mobile broadband (eMBB) and ultra-reliable, low-latency communications (URLLC), for advanced vertical applications. To date, the joint efforts of Huawei and DOCOMO have produced many world's-first achievements, a track record that they plan to expand upon going forward.

    About Huawei

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

    About NTT DOCOMO

    NTT DOCOMO provides innovative, convenient and secure mobile services that enable smarter living for each customer. The company serves over 65 million mobile customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world's first commercial LTE networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437) and New York (DCM) stock exchanges. Please visit https://www.nttdocomo.co.jp/english/ for more information.

    Contact:
    NTT DOCOMO International PR Public Relations Department Tel: +81-3-5156-1366 Fax: +81-3-5501-3408 URL: www.nttdocomo.com Contact: https://nes.nttdocomo.co.jp/PINQ01/showinquiry.do

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

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