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ACN Newswire press release news - Recent Press Releases

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    HONG KONG, Jun 26, 2018 - (ACN Newswire) - Great Harvest Maeta Group Holdings Limited ("Great Harvest" or the "Group"; stock code: 3683.HK) today announces its annual results for the year ended 31 March 2018 ("the review year").

    During the review year, the Group maintained sound operation. The revenue of the Group increased from approximately US$8.1 million for the year ended 31 March 2017 to approximately US$14.2 million for the year ended 31 March 2018, representing an increase of approximately 75.2%. The revenue comprised chartering income of US$14.2 million (2017: US$7.9 million) and there is no interest income from money leading business during the review year (2017: US$0.2 million). The average Daily TCE of the Group's fleet increased from approximately US$5,544 for the year ended 31 March 2017 to approximately US$9,970 during the review year, representing an increase of approximately 79.5%.

    Being prompted by the increase of the seasonal demand for marine transportation of bulk grains in South America early in the year, the spot freight rate of panamax vessels in dry bulk marine transportation market of 2017 revealed a trend of hike, while that of other types of vessels increased. The average Baltic Dry Index for panamax vessels was 1,321 points during the period from 1 April 2017 to 31 March 2018, rising by 463 points as compared to 858 points last year. The market prediction and statistics from vessel broker companies expect the adjusted demand of dry bulk marine transportation can reach a growth of approximately 3% this year, as compared to the growth of fleet size of approximately 2%. The oversupply of vessels continued to be alleviated, which is also the main factor for the better performance of spot freight rate over the year.

    As at 31 March 2018, the Group's fleet comprised four panamax dry bulk vessels, namely GH FORTUNE, GH POWER, GH GLORY and GH HARMONY, with a total carrying capacity of approximately 319,923 dwt. The average age of the fleet is 12 years and the fleet maintained a high operational level with an occupancy rate of approximately 99.53% during the review year. The average daily charter rate of the vessels was approximately US$9,970 per vessel, representing an increase of approximately 80% as compared to the corresponding period of last year.

    Mr. Yan Kim Po, the Chairman of Great Harvest said, "In order to reduce operational risks and achieve better operating efficiency, the Group will continue to uphold its proactive and prudent operating strategies and seek to charter out its vessels to reputable charterers while endeavouring to provide the best services to charterers, so as to maintain a favourable market image."

    On the other hand, the projects in the lands located in Haikou ("the project") is currently under the procedure of construction application, as the Haikou local government has finalized its plans. To capture the opportunity prompted by the residential demands in Haikou, the Group seeks the possibility to redevelop the project into "cultural and tourism real estate" project to construct villas, loft apartment, low density villas, retail, car park and other ancillary facilities with approximately 130,000 square meters. Top Build Group Ltd., a wholly-owned subsidiary of Great Harvest, indirectly through its subsidiaries holds 91% interest in a company in the PRC which holds the Lands located at Haikou.

    Mr. Yan concluded, "The Group will maintain its prudent operating strategies by enhancing the daily management of vessels, providing better transportation services to customers and seeking for more reputable and reliable charterers at higher rates, thus generating ore operational revenue for the Group. Also, the Group will strictly control operating costs and reduce all unnecessary expenses, as well as identify new development opportunities and expand its scope of business and diversify its income streams by expanding more operations other than the shipping business. Looking forward, the Group will uphold its proactive and prudent operating strategies, to achieve a better result, to bring a more fruitful return to our shareholders."

    Great Harvest Maeta Group Holdings Limited
    The Group is principally engaged in chartering out its own dry bulk vessels and property investment and development. For the year ended 31 March 2018, the Group's fleet size is 319,923 dwt, including four panamax dry bulk vessels, which are GH FORTUNE, GH POWER, GH GLORY and GH HARMONY, the average age of the Company's fleet is 12 years with the fleet occupancy rate at approximately 99.53%.


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

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    From L: Mr PiG, Game Master, Safe Archery Fun; L T Kwan, Manager, Camera Department of Shriro (HK) Ltd; Annie Chang, Manager, Exhibitions, HKTDC; Daniel Lam, Senior Exhibitions Manager, HKTDC; Byron Lee, Senior Exhibitions Manager, HKTDC; Judy Kong, Chief Executive, InspiringHK Sports Foundation; Kevin Lee, Co-founder, Street Workout Hong Kong; Ota Tomoki, General Manager; Davis Lee, Business Manager, Kadokawa Corporation; and Thomas Wong, Founder of People On Board
    New Games and Sports for Free Trial, Star Athletes to Share Stories

    HONG KONG, Jun 26, 2018 - (ACN Newswire) - The popular Hong Kong Sports and Leisure Expo will return this summer from 18 to 24 July at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC), the Expo features some 130 exhibitors showcasing sports and leisure products and services from more than 160 brands. In addition, more than 40 events will be organised on-site to provide visitors of all ages with a new shopping and leisure experience and a fun summer activity.

    "When we launched the Sports and Leisure Expo last year, it met with enthusiastic support from visitors, whose keen participation livened up the fair. Many exhibitors said that the results surpassed their expectations, and that they were able to collect invaluable feedback on their products and services from consumers," said Benjamin Chau, Deputy Executive Director of the HKTDC. "Following the success of the inaugural event, the HKTDC will once again organise the Expo alongside the Hong Kong Book Fair this year while expanding the scale of the Expo. Apart from being extended to seven days -- opening on the same day as the Book Fair - it will be moved to the fifth floor of the HKCEC to accommodate more exhibitors." Mr Chau added that the 2018 Expo will showcase a greater variety of sports and leisure products, arts and hobby supplies, and sports and interest classes. Product demonstrations, experiential activities and workshops will also be arranged at the fairground.

    Eight Themed Zones to Feature New Sports and Leisure Products and Services

    This year's Sports and Leisure Expo will feature eight themed zones: the Japan Pavilion, Board Games, Fun & Play, Photography World, Outdoor Adventure, Sports Hub, Health & Fitness, and Handicraft Market. Visitors can explore the zones that cater to their interests. Some exhibitors will offer free demonstrations or trials.

    A strong line-up is expected at the Japan Pavilion. In addition to the Japan National Tourism Organisation and the Kadokawa Corporation -- one of Japan's four largest publishers -- 17 cities and prefectures will join the pavilion as exhibitors. Virtual-reality tours will be offered to help visitors appreciate Japanese culture and landmarks.

    At the new Board Games zone, People On Board will partner with the MTR to set up a gigantic board game. Collaborating with the Society for the Prevention of Cruelty to Animals (SPCA), the company will also unveil an animal rescue board game. New board games from Taiwan will also be showcased by other exhibitors in the zone.

    Free Trials of Trending Games, 40+ On-site Activities

    Exhibitor Safe Archery Fun will introduce HADO, an emerging e-sport from Japan that combines augmented reality and wearable technology. Players can play a dodgeball-like game against one another. Another exhibitor, GoNature HK Ltd, will set up a six-metre-tall rock-climbing wall for visitors to try free of charge.

    In addition to arranging for trainers to demonstrate various fitness routines, exhibitor Street Workout Hong Kong will hold the Hong Kong qualifying competitions for the Street Workout Power & Strength and Freestyle World Championships on-site. Meanwhile, the Hong Kong Sports Institute will exhibit the medals and gears of star athletes, such as Wong Kam-po and Sarah Lee.

    Other demonstrations, experiential activities and games available include lawn bowls, Taspony, dragon boat rowing machine workout, Krav Maga, simulated golf, Dodgebee, DIY badge making, archery and cycling contests, offering plenty of fun to children and adults alike.

    Furthermore, the Hong Kong Tourism Board will provide visitors with the opportunity to try a variety of e-sports.

    Apart from the wide array of shopping choices, interest classes, demonstrations and free trials offered by exhibitors, the HKTDC will organise more than 40 on-site activities including photography classes, handicraft workshops, health talks and lucky draws.

    Star Athletes to Share Career Stories

    During the Expo, the HKTDC will invite local star athletes to host sharing sessions. Speakers who will share the stories of their athletic careers include Chan Yuen-ting, the first female coach of a men's professional association football team in Hong Kong; Steve Lo, Hong Kong's first Marathon Grand Slam winner; and Wong Hiu-ying, a Hong Kong Gymnastics athlete. Also hosting sharing sessions will be Ada Tsang, Hong Kong's first female to summit Mount Everest; Fung Wah-tim, marathon coach; and Chan Ka-ho and Christy Yiu, members of the Hong Kong Athletic Team.

    The fourth day (21 July) will feature a National Geographic Photography Forum titled "The 300,000-kilometer Photo-shooting Project", where host Ivan Tsoi, Operation Director (HK) of National Geographic magazine, and photographer Eddy Li will exchange photography tips and stories.

    One Ticket, Two Fairs

    The 28th Hong Kong Book Fair will be held alongside the Sports and Leisure Expo from 18 to 24 July at the HKCEC. The HKTDC will continue to implement the "one ticket, two fairs" arrangement to offer visitors, especially youths, a range of excellent summertime activities to cultivate their diverse interests in reading, sports, outdoor activities and handicrafts.

    The 2nd Hong Kong Sports and Leisure Expo
    18-24 July 2018 (Wednesday to Tuesday)
    Opening Hours: 18-23 July: 10am-8pm; 24 July: 9am-5pm
    Venue: Halls 5DE, Hong Kong Convention and Exhibition Centre
    Admission: Visitors with valid Hong Kong Book Fair tickets can visit the Hong Kong Sports and Leisure Expo on the same day.
    Hong Kong Book Fair tickets: Adult: HK$25; Child: HK$10 (primary school students / children under 1.22m tall)
    * Children aged under 3 and seniors aged 65 or above will be admitted free of charge.
    Ticketing: Tickets are available now at Hong Kong Ticketing and designated 7-Eleven and Circle K stores. Visitors can also purchase tickets on-site at the fairground ticket office.
    Admission e-tickets are also available via the Tap & Go mobile wallet and the Octopus App. For details, please visit the Tap & Go and Octopus websites.

    Fair Websites:
    Hong Kong Sports and Leisure Expo: http://www.hktdc.com/hksportsleisureexpo
    Hong Kong Book Fair: http://www.hkbookfair.com
    Photo download: https://bit.ly/2KdVz4Q

    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:
    Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

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

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    HKTDC Deputy Executive Director Benjamin Chau says, "The Hong Kong Book Fair Cultural Events Advisory Panel selected Romance Literature as the theme of the year for the Book Fair"
    Romance Literature in Focus, 300+ Events to Promote Reading Culture

    HONG KONG, Jun 26, 2018 - (ACN Newswire) - Organised by Hong Kong Trade Development Council (HKTDC), the 29th edition of the Hong Kong Book Fair will be held from 18-24 July at the Hong Kong Convention and Exhibition Centre (HKCEC). A record number of about 680 exhibitors will present a wide range of books from 37 countries and regions. About 310 cultural events catering to different interests and age groups will also take place during the week-long fair period to raise public cultural awareness and interest in reading.

    Theme of the Year: Romance Literature
    "The Hong Kong Book Fair Cultural Events Advisory Panel selected Romance Literature as the theme of the year for the Book Fair, with the tagline 'Reading the World, What on Earth is Love?'" said HKTDC Deputy Executive Director Benjamin Chau. "Continuing to be in love with books this summer, we will showcase distinguished works of romance literature at the Hong Kong Book Fair," said Mr Chau. "We hope that through these books, readers will gain a more in-depth understanding of love, which will nourish the mind and bring greater reading pleasure.

    "What is so impressive about romance literature is that it often brings out the story of a place or an era, enabling readers to learn more about these at the same time," continued Mr Chau. "Hong Kong is a fertile breeding ground for romance literature talents." He added that the HKTDC will bring publishers and cultural promotion institutions from around the world to organise a series of cultural events, enabling readers to learn about the cultures of different countries while bringing different cultures closer together.

    Love between the Lines
    In line with the Romance Literature theme, this year's Book Fair Art Gallery, to be located at Hall 3 concourse, will showcase a thematic exhibition "Love between the Lines". The exhibition will feature famous Hong Kong romance writers in two categories - those who launched their writing careers before the 1990s, including Eileen Chang, Su Xu, Yi Shu, Johnny Yip and Eunice Lam; and those who started during or after the 1990s, namely Zita Law, Lam Wing Sum, Sirena Cheng, Tin Hong and Middle. The gallery will display rare collections from these 10 writers, including out-of-print novels and manuscripts. Some of these romance authors will share their thoughts and experiences at a series of seminars, while film and theatre performance clips of their adapted works will also be showcased.

    Photo Gallery of Silk Road
    In collaboration with National Geographic, the Art Gallery will also feature an exhibition titled "Photo Gallery of Silk Road" to showcase beautiful photos taken along the Silk Road. Apart from lending visitors a glimpse of the stunning scenery along the route, the photos will enable them to learn about the cultures and customs of the places concerned.

    A Journey to Zhejiang
    Another exhibition to be held at the Art Gallery, "A Journey to Zhejiang", will introduce the cultural history of Zhejiang province, which was the birthplace of Wuyue culture. Visitors will be able to view remarkable paintings by the province's late renowned painter and cartoonist Feng Zikai, books made of silk and other precious exhibits. Mai Jia, a reputable writer and President of the Zhejiang Association of Writers, together with Chen Wei, a Zhejiang native and personal assistant to Alibaba founder Jack Ma, will host a sharing session with readers. Performances including Zhejiang Yue opera and demonstrations of woodblock printing and bamboo paper production will be staged.

    A Gem of Chinese Culture - Cantonese Opera
    Rounding out the Art Gallery will be a display themed "A Gem of Chinese Culture - Cantonese Opera" introducing this significant cultural heritage of Hong Kong. Originating in Guangdong, Cantonese Opera is rich in local colour, featuring strong Hong Kong arts and cultural elements. Jointly presented by the HKTDC and the Chinese Artists Association of Hong Kong, the display will spotlight a diverse collection of exhibits such as costumes, special magazine issues and promotion leaflets.

    Renowned Writers from Around the Region
    The Book Fair will feature an international line-up of writers sharing their insights at eight seminar series. The HKTDC is collaborating with Ming Pao and Yazhou Zhoukan once again to co-organise the Renowned Writers Seminar Series, featuring influential authors in Chinese literature. They include Zhang Kangkang, Bei Dao, Mang Ke, Li Zhuang, Ye Fu, A Yi, Yu Xiuhua, Duo Yu, and Li Xin from the Chinese mainland, while Lung Yingtai, Lo Yi-chin, Ji Mi, Lolita Hu, Tsai Chih-heng and Lee Kan from Taiwan, Leo Lee Oufan, Li Yuying, Ma Kafai and Zhou Jieru from Hong Kong, and Li Changsheng from Japan and Dai Xiaohua from Malaysia will. A special seminar will be organised to pay tribute to celebrated novelist Liu Yichang, a giant of modern literature in Hong Kong, who passed away recently.

    English Reading and Creative Writing Seminar Series
    The Book Fair encourages the public to broaden their horizons through books in other languages as well. Sponsored by international online bookstore Book Depository, the English Reading and Creative Writing Seminar Series will feature young adult thriller writer M. A. Bennett from the United Kingdom, Deborah Rogers Writer's Award winner Sharlene Teo and up-and-coming writer Balli Kaur Jaswal from Singapore. Denise Ho, Assistant Professor of History at Yale University, and veteran Hong Kong journalist and writer Mark O'Neill will also give talks.

    World of Knowledge Seminar Series
    The World of Knowledge Seminar Series, supported by the Consulate General of France in Hong Kong & Macau, will feature acclaimed French literary writer Chantal Thomas, who will give a talk on the social status and power of women in the 18th century. The Consulate General of Spain in Hong Kong has also lined up Maria Jose Pareja Lopez, Mexican children and youth literature writer Diana Coronado and Nashua Gallagher, founder and Director of Hong Kong-based literature organisation Peel Street Poetry, for a sharing session on Baroque love poetry and prose from the Spanish-speaking world. Moreover, the European Union Office to Hong Kong and Macau has also invited Latvian award-winning writer Janis Jonevs to share with readers his advice on writing.

    In addition, celebrities from various sectors in Hong Kong will also share with readers their personal stories, including Dr Edward Leong, who is active in public service; Soji Shimada Mystery Award winner Chan Hokei; and famous singer Agnes Chan, who wrote a book about sending her three sons to Stanford University. Tommy Li, known widely as "Brand Doctor", and marketing professional Vincent Tsui also count among the speakers at the fair.

    Sharing Sessions on Theme of the Year
    A number of romance writers will speak at the Theme of the Year: Romance Literature Seminar Series. Among them, Eileen Chang's estate executor Roland Soong and literary critic Tom Fung will speak about Eileen Chang's works. Professor Wong Nim-yan and writer Peter Dunn will discuss the works of Yi Shu and Johnny Yip during the 1960s. Writer Chip Tsao will have a dialogue with media veteran Kam Kwok-leung on Eunice Lam's 1970s viewpoints on love. Middle, a popular young writer, will talk about the significance of missing someone. Zita Law and Sirena Cheng will also share their thoughts on love and writing at their seminars.

    Other seminar series include the "Children and Youth Reading Seminar Series" covering children education, parent-child reading and children's literature; and the "Personal Development and Spiritual Growth Seminar Series" where Joseph Sung, former Vice-Chancellor of the Chinese University of Hong Kong, scholar Ambrose King, comic artist Ma Wing-shing and cross-media creator Erica Li will share their takes on positive living. Also on the schedule are the "Lifestyle Seminar Series", where TV artist Steve Lee, commentator Gary Cheng and veteran cook Lisa Fong will share their cooking tips, and Benjamin Au Yeung (Ben Sir) will share his interesting findings about sports vocabulary. At the "Hong Kong Cultural and Historical Seminar Series", famed movie posterist Yuen Tai-Yung and seasoned animation artist Neco Lo will explore local comics, lyricist Cheng Kwok Kong will talk about how he became a Cantonese opera playwright, and cross-media expert Eileen Cha will share the legend of Hong Kong's first mahjong parlour. For more details and registration for the seminars, please visit the Hong Kong Book Fair website.

    In addition, the International Publishing Forum to be held on the first day of Book Fair, with leading publishing industry players examining the latest developments in the sector, including Natasha Leung, Senior Publishing Manager of Pearson and Fang Jun, a knowledge services expert and Partner of KChain Lab.

    The International Cultural Village at the Book Fair will feature 31 countries and regions. Austria, the Czech Republic, Greece and Ireland will debut at the European Union Pavilion, joining returning participants from France, Germany, Italy and Poland. They will showcase their cultures through books as well as offering a wide range of events for the public to experience European culture. The popular Japan Pavilion will return with the largest number of participants ever. Exhibitors from 17 cities and prefectures including Tottori, Shikoku, Okinawa, Kansai and Iwate will team up with the Japan National Tourism Organisation and the Kadokawa Corporation to showcase various aspects of Japanese culture and introduce popular anime and manga spots.

    Alongside the seven-day Book Fair, the HKTDC will partner with cultural institutions, libraries, museums, educational institutions, shopping malls and cafes to organise the "Cultural July" citywide campaign with more than 330 cultural events from the end of June until the end of July to promote reading and encourage public participation in diverse cultural events. Members of the public are welcome to sign up and attend.

    One Ticket, Two Fairs
    Tickets to the Book Fair, which also offers same-day admission to the concurrent Hong Kong Sports and Leisure Expo, are now available for purchase. Visitors can also buy tickets during the fair period at the ticket office on-site. To be held on 5/F of the HKCEC, the second edition of the Hong Kong Sports and Leisure Expo will showcase about 130 exhibitors representing over 160 brands of sports and leisure products and services. It will feature free trials for a range of activities and products, including archery, indoor rock climbing, street workout, lawn bowls, golf simulators, dragon boat and rowing machines, augmented reality (AR) combat, photography workshops and Anime Pilgrimage. The Hong Kong Tourism Board will provide visitors with the opportunity to experience e-sports. Chen Yuen-ting, the first female coach of a men's professional association football team in Hong Kong; Wong Hiu-ying, a Hong Kong Gymnastics athlete; Steve Lo, the first Hong Kong person to complete the Grand Slam of ultra-marathon; Tim Fung, famous Marathon coach; Chan Ka-ho and Yiu Kit-ching, Hong Kong Athletic Team members; Ada Tsang, the first Hong Kong woman to have conquered Mount Everest; and many more other celebrated athletes will host sharing sessions during the expo.

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

    Book Fair Website / Mobile app
    http://www.hkbookfair.com
    http://hkbookfair.hktdc.com/HKBookfairApp.html
    (For details and seminar registration)
    Cultural July Website http://hkbookfair.hktdc.com/CulturalJuly
    Hong Kong Sports & Leisure Expo Website www.hktdc.com/hksportsleisureexpo
    Photo download: https://bit.ly/2K69R7g
    Other Book Fair and Art Gallery Photos Download: https://bit.ly/2M4DsdS

    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:
    Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org Angel Leong, Tel : +852 2584 4194, Email: angel.lw.leong@hktdc.org Joshua Cheng, Tel: +852 2584 4395, Email: joshua.cp.cheng@hktdc.org

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

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    - Operated and managed by TeleChoice's wholly owned subsidiary, Planet Telecoms, the latest stores boost the Group's retail network to 14 outlets in Singapore
    - The partnership with Huawei underlines the Group's commitment to further value-add to its principals and to broaden its products and brand offerings for consumers

    SINGAPORE, Jun 27, 2018 - (ACN Newswire) - Mainboard listed TeleChoice International Limited ("TeleChoice" or the "Group"), a regional diversified provider and enabler of innovative infocommunications products and services, has opened two new concept stores in partnership with Huawei Consumer Business Group, a leading global provider of smart devices.

    Managed and operated by TeleChoice's wholly owned subsidiary, Planet Telecoms (S) Pte Ltd ("Planet Telecoms"), the latest stores will boost its retail network to 14 outlets in Singapore and further deepen its partnership with Huawei as it expands its services beyond distribution.

    Located at Jurong Point Shopping Centre and Lot One Shoppers' Mall, the two stores with a combined floor area spanning over 450 square feet, showcase a vast selection of smart devices including the latest smartphones, tablets, wearables as well as accessories. For all Huawei smartphones purchased locally, customers get to enjoy a two-year warranty period. In addition, customers who own the P and/or Mate series smartphones, can drop-off and collect their smartphones for maintenance and repair at the two concept stores as part of Huawei's HiCare Prestige programme.

    Ms Pauline Wong, Group Managing Director, Consumer Business Group, TeleChoice, said, "The new Huawei concept stores are situated in two of the busiest suburban malls with natural customer catchment, being strategically located near transport hubs that enjoy high footfalls. We are confident the concept stores will be a success as we provide residents in the area and beyond with alternative and competitive product offerings and a high level of service that befits Huawei as a significant player in the handset market."

    Mr Cheng Jiangfei, Managing Director of Huawei Singapore Consumer Business Group, said, "Our collaboration with Planet Telecoms underscores our confidence in their ability to make our concept stores a success, based on their strong track record and deep expertise in managing such retail stores. These new stores will further strengthen our brand presence in Singapore in line with our strategy to widen our market reach."

    Mr Vincent Lim, President of TeleChoice, said, "We are honoured that Huawei chose to partner with us in operating their concept stores. These new stores affirm our close working relationship with Huawei since we commenced working together in 2016. We will continue to support Huawei's plans to build superior customer experience and expand its retail presence with another two concept stores.

    "Planet Telecoms is an integral part of TeleChoice's Consumer Business Group, and going forward, we remain committed to further add-value to our principals as well as to broaden our product and brand offerings to better serve the diverse needs of consumers."

    Planet Telecoms which started operations in 1998, has a strong retail network in key high consumer traffic locations throughout Singapore. Planet Telecoms is also StarHub's Exclusive Partner and manages several StarHub Platinum shops. For more information, please visit http://www.telechoice.com.sg/planet-touchpoints.html

    Huawei @ Jurong Point
    1 Jurong West Central 2
    #B1-31 Jurong Point Shopping Centre
    Singapore 648886

    Huawei @ Lot 1
    21 Choa Chu Kang Avenue 4
    #B1-01A Lot 1 Shoppers' Mall
    Singapore 689812

    This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, and governmental and public policy changes. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events.

    ABOUT TELECHOICE INTERNATIONAL LIMITED (REG. NO. 199802072R)

    TeleChoice International Limited ("TeleChoice") is a regional diversified provider and enabler of innovative info-communications products and services. Incorporated in Singapore on 28 April 1998 and listed on the Mainboard of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 25 June 2004, TeleChoice is a subsidiary of Singapore Technologies Telemedia Pte Ltd, an active investor in the Communications, Media and Technology space.

    TeleChoice offers a comprehensive suite of info-communications services and solutions for the Consumer and Enterprise Groups under three business divisions: Personal Communications Solutions Services ("PCS"), Info-Communications Technology Services ("ICT") and Network Engineering Services ("Engineering"). For more information, please visit www.telechoice.com.sg

    Issued by 29 Communications on behalf of TeleChoice International Limited
    Media & Investor Relations Contact:
    Lim Siew Yin, Mobile: +65 9858 4673, siewyin@29communications.com.sg
    Angelina Pereira, Mobile: +65 9191 4756, angiep@29communications.com.sg

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

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    HONG KONG, Jun 27, 2018 - (ACN Newswire) - According to South China Morning Post, China's national policies place great emphasis on the real estate industry and the real estate market in the country is subject to various governmental regulations. By enacting laws and regulations and implementing industry policies and other economic measures, the Chinese government has exercised significant direct and indirect influence on the development of China's property industry. Over the past few years, in order to curb the overheated property market, the Chinese government has rolled out a number of restrictive measures to stabilize the property prices. However, as the Central Economic Work Conference was convened in late 2017, the property regulatory policies that have been implemented for over a year seem to see some relaxation.

    At the Central Economic Work Conference held in late 2017, the CCP highlighted key economic tasks for 2018. On one hand, the MOHURD stressed the implementation of differentiated regulatory policies to support people's needs for the first home and other reasonable demands, but on the other hand it expressly stated to continue the effort in reducing the inventory in the third-tier and fourth-tier cities with excessive supply. Meanwhile, in some second-tier cities, the new talent policy has relaxed the home purchase and settlement requirements for talents. The relaxation of policies has helped satisfy the industry demand in 2018, compounded by the facilitation of inventory reduction in some third-tier and fourth-tier cities. Therefore, the fluctuation in the property market is less prominent.

    In fact, since December 2017, a number of second-tier cities such as Zhengzhou, Wuhan and Hefei have successively eased the restrictive policy for home purchase. In early 2018, Nanjing and Lanzhou also did the same by revising the regional restrictive policy for home purchase. Meanwhile, the state government aimed to promote the Yangtze River Delta city cluster to become the largest city cluster of the world by 2030, with favorable government policies, including the establishment of the China (Shanghai) Pilot Free Trade Zone to promote investment in the Yangtze River Delta city cluster. This implies that the property regulatory policies that have been tightened for over a year have seen some relaxation. It is expected that there will be more second-tier and third-tier cities cancelling the restrictive policy. China's property policy is seeing subtle changes.

    The central government is more tolerant of the economic slowdown. It is believed that the short-term regulatory policies will not be too loose, which will be favorable for the launch of a long-term mechanism. While implementing the regulatory policies, the focus of the guiding principle will be gradually shifted from "inventory reduction" to improvement of supply-demand transition. It is believed that the continuous reform will encourage a healthier development of China's property market. In the long run, given that the property regulatory policies are loosened, China's property market will have greater development momentum and investment value.

    In the long run, given that the property regulatory policies are loosened, China's property market will have greater development momentum and investment value. Zhenro Properties is the first property developer in China listed in Hong Kong this year. Since its listing, its share price and results have delivered a creditable performance. According to the publicly available information of the Hong Kong Stock Exchange, Redsun Properties Group Limited has the potential to become the second property development company in China to be listed in Hong Kong.


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

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    Toyota City, Japan, Jun 28, 2018 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its production, domestic sales, and export results for May 2018, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.

    May 2018 Key Points (year-on-year)

    Production in Japan

    Toyota
    - Eighth consecutive month of increase

    Daihatsu
    - Decreased

    Hino
    - Eighth consecutive month of increase

    Toyota + Daihatsu + Hino
    - First increase in two months

    Sales in Japan

    Toyota
    - Decreased
    - Lexus vehicle sales totaled 4,116 units (56.6% increase)
    - Minivehicle sales totaled 3,241 units (52% increase)
    - 45.6 percent share of market excluding minivehicles (2.9 percentage point decrease)
    - 29.8 percent share of market including minivehicles (1.7 percentage point decrease)

    Daihatsu
    - First decrease in fourteen months
    - Minivehicle sales totaled approximately 42,300 units (8.8% decrease); first decrease in five months
    - 31.1% share of minivehicle market (3.2 percentage point decrease)

    Hino
    - Second consecutive month of increase
    - Standard truck sales totaled approximately 2,600 units (32.2% increase); second consecutive month of increase
    - 40.5% share of the truck market (6.4 percentage point increase)

    Toyota + Daihatsu + Hino
    - First decrease in two months
    - 43.2% share of market including minivehicles (2.4 percentage point decrease)

    Exports

    Toyota
    - First decrease in eight months; due to decreased exports to North America and Africa

    Daihatsu
    - There have been no exports for Daihatsu since May 2017.

    Hino
    - Fourth consecutive month of increase; due to increased exports to North America, Latin
    America, Asia, Oceania, and Africa

    Toyota + Daihatsu + Hino
    - Tenth consecutive month of increase

    Production Outside of Japan

    Toyota
    - First decrease in two months; due to decreased production in North America, Europe, and Australia

    Daihatsu
    - Fifth consecutive month of increase; due to increased production in Indonesia

    Hino
    - Eleventh consecutive month of increase; due to increased production in Asia

    Toyota + Daihatsu + Hino
    - Second consecutive month of increase; record high for May

    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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    TOKYO, Jun 28, 2018 - (JCN Newswire) - Mitsubishi Motors releases its production, sales and export figures for May 2018.

    Summary :

    Domestic Production
    - Third consecutive monthly year-on-year increase since February 2018 (133.9% year-on-year)

    Overseas Production
    - Sixth consecutive monthly year-on-year increase since November 2017 (138.7% year-on-year)

    Total Production
    - Twelfth consecutive monthly year-on-year increase since May 2017 (136.7% year-on-year)

    Domestic Sales
    - Fourth consecutive monthly year-on-year increase since January 2018 (111.5% year-on-year)

    Exports
    - Sixth consecutive monthly year-on-year increase since November 2017 (158.9% year-on-year)

    Supplemental Information

    Overseas Production
    Asia - 68,209 units; 138.1% year-on-year

    Exports
    Asia - 1,040 units; 372.8% year-on-year
    North America - 14,433 units; 247.9% year-on-year
    Europe - 8,403 units; 126.8% year-on-year

    About Mitsubishi Motors

    Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.

    Contact:
    Mitsubishi Motors Public Relations Department http://www.mitsubishi-motors.com +81-3-6852-4275

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

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    (Starting from the left) Mr. Ting Kay Loong, Willis, Managing Director, Head of Corporate Finance of Shenwan Hongyuan Capital (H.K.) Limited; Mr. Tung Wai Ting Stephen, Executive Director and Chief Executive Officer of Hingtex Holdings Limited; Mr. Tung Cheuk Ming Stanley, Executive Director and Sales Director of Hingtex Holdings Limited; Mr. Cheung Ka Chun, Chief Financial Officer and Company Secretary of Hingtex Holdings Limited
    (Starting from the left) Mr. Tung Wai Ting Stephen, Executive Director and Chief Executive Officer of Hingtex Holdings Limited; Mr. Tung Cheuk Ming Stanley, Executive Director and Sales Director of Hingtex Holdings Limited
    Offers 160,000,000 Shares;
    Offer Price Range between HK$1.10 and HK$1.40 per Share

    HONG KONG, Jun 28, 2018 - (ACN Newswire) - Hingtex Holdings Limited ("Hingtex" or the "Group"), a long-standing and leading denim fabric manufacturer in Hong Kong targeting middle- to high-end market segment, today announced the details of its proposed share offer (the "Share Offer") and listing of shares (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").

    Offering Details

    Hingtex intends to offer a total of 160,000,000 shares (the "Offer Shares"), of which 90% or 144,000,000 shares are for Placing (subject to reallocation and over-allotment option) and 10% or 16,000,000 shares are for the Hong Kong Public Offer (subject to reallocation). The indicative Offer Price range is between HK$1.10 and HK$1.40 per Offer Share. After deduction of relevant expenses and assuming an Offer Price of HK$1.25 per Offer Share, being the mid-point of the indicative Offer Price range, and assuming the over-allotment option is not exercised, the net proceeds are estimated to be approximately HK$167.0 million.

    The Hong Kong Public Offer will commence at 9:00 a.m. on 28 June 2018 (Thursday) and will end at noon on 4 July 2018 (Wednesday). The final Offer Price and allotment results are expected to be announced on 13 July 2018 (Friday). Dealing of Hingtex's shares is expected to commence on the Main Board of SEHK on 16 July 2018 (Monday) under the stock code 1968. Shares will be traded in board lots of 4,000 shares each.

    Shenwan Hongyuan Capital (H.K.) Limited is the Sole Sponsor and Sole Global Coordinator, while Shenwan Hongyuan Capital (H.K.) Limited, SPDB International Capital Limited and I Win Securities Limited are Joint Bookrunners and Joint Lead Managers of the Share Offer.

    Investment Highlights

    Proven track record in denim fabric manufacturing industry underscores long-term collaborative relationships with US apparel brands and garment manufacturers
    With over 36 years of operating history in denim fabric manufacturing and sales, Hingtex ranked seventh and second in the middle- to high-end denim fabric manufacturing industry in China and South China . Hingtex's denim fabrics have unique composition of yarns and dyes, as well as specific production parameters, hence are difficult to replicate by other denim fabric manufacturers. The Group is thus able to produce functional denim fabrics of high and consistent quality which underscores its reputation and recognition from famed US apparel brands with which it has long-term collaborative relationship.

    Hingtex has business relationship with over 30 apparel brands and supplied its products to over 120 customers which are mainly garment manufacturers serving apparel brands. It has established longstanding relationships with its top five apparel brand customers ranging from five to 10 years. In particular, the Group has more than seven years of relationship with American Eagle Outfitters ("AEO"), one of the major US denim jeans brands, and received The Innovative Award from AEO in 2016. Ready and able to develop new denim fabrics, which can support apparel brands in product development, Hingtex has a strong foundation for achieving continuous growth.

    Strong product design and development capability with quick response to market trends plus stringent quality control
    Backed by its highly skilled technicians with thorough understanding of fashion trends plus its strong product development capability, Hingtex adopts a proactive design approach, presenting to apparel brands denim fabrics in the form of garment end-products, such as jeans and denim jackets, so that they may visualise designs that use Hingtex's denim fabrics. Its ability to develop new denim fabrics and improve quality of existing denim fabrics that cater for the changing needs of apparel brands in a timely manner, enables the Group to respond quickly to market trends. Around 500 new denim fabric items were developed by the Group during the Track Record Period.

    Besides, the Group has laid down stringent internal control standards and related operational measures that cover the entire production process. The Group's quality management system is ISO 9001:2008 and ISO 14001 certified and quality assurance inspections are carried out by production staff on semi-final and final products to ensure they meet customers' specifications and internal quality standards. By providing high quality denim fabrics that meet the product specifications and design requirements of apparel brands and garment manufacturer customers, Hingtex has built a strong foundation for growth and to attract more potential apparel brands to using its denim fabrics.

    Experienced and dedicated management team with stable operational performance and high dividend payout policy
    Hingtex boasts a stable, professional and experienced management team with most members having more than 20 years of industry and management experience. Led by a dedicated management team, the Group delivered sustainable revenue growth at a CAGR of 27.2% during the Track Record Period. The Group intends to declare dividends of no less than 45% of distributable profit for any particular financial year. It will continue to explore new business opportunities and strengthen its leadership in the denim garment fabric market.

    Future Strategies
    According to Frost & Sullivan, the retail value of denim garment market in Europe and the PRC are projected to grow at a CAGR of 7.3% and 8.8% respectively between 2017 and 2021, showing the huge growth potential of the industry. The Group plans to put more effort and resources into enhancing market penetration in the PRC and expanding business into the European market. In the PRC market, the Group will push to strengthen its presence and market share by opening a sales office in Guangzhou in 2019 to coordinate purchase orders from customers. In Europe, the Group intends to replicate the success it has in building business relationship with apparel brands in the US. It has appointed a sales agent in Italy in January 2018 to help with promoting its denim fabrics to and securing purchase orders from customers in the European Union. It will also enhance market presence in Europe by attending international fabric shows.

    To maintain continuous business growth, Hingtex will purchase new production machinery to boost its production capacity, enhance production efficiency and its product development capability. It will also continue to develop new denim fabric items and leverage its apparel brand network to stay abreast of market trends and the preferences of target consumer groups in various markets. The Group believes its continuous effort to promote new denim fabric items will fuel revenue growth, help strengthen its business relationship with existing apparel brands by giving them support on product development, and brace its own market expansion plans.

    Use of Proceeds
    The net proceeds of the Share Offer, based on the Offer Price of HK$1.25 per share (being the mid-point of the indicative Offer Price range) and after deduction of underwriting fees and estimated expenses payable in connection with the Share Offer, are estimated at approximately HK$167.0 million and will be used:

    Items / Percentage
    To purchase production machinery and equipment: 95.3%
    To attend overseas and PRC fabric exhibitions to enhance market penetration and expand customer base: 2.2%
    As general working capital and for other general corporate purposes: 2.5%

    Financial Highlights

    (HK$'000) Year ended 31 December
    2015 2016 2017 CAGR
    Revenue 400,556 475,039 648,219 +27.2%
    Gross profit 106,445 147,348 212,817 +41.4%
    Gross profit margin 26.6% 31.0% 32.8% N/A
    Profit for the year 103,962 91,850 126,478 +10.3%
    Non-HKFRS adjusted profit* 41,428 71,146 109,534 +62.6%
    * Excluding certain income and expense items which were not directly attributable to the ordinary course of business of the Group.

    About Hingtex Holdings Limited
    Founded in 1981, Hingtex is an established denim fabric manufacturer that specialises in design, manufacture and sales of denim fabrics, targeting middle- to high-end market segment. With longstanding relationship with over 30 apparel brands and over 120 customers, the Group primarily supplies denim fabrics for the production of denim garmet of certain reputable US apparel brands. The Group has rich experience in manufacturing a variety of denim fabrics including (i) non-stretchable, (ii) stretchable cotton and (iii) stretchable blended denim fabrics; and would present denim fabrics in the form of garment end-products such as denim jeans, jackets and skirts. Its design and product development capability have been widely recognised by its customers. For more details about Hingtex, please visit the Group's website: www.hwtextiles.com.hk

    Media Enquiries:
    Strategic Financial Relations Limited
    Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
    Kylie Chan Tel: (852) 2114 4990 Email: kylie.chan@sprg.com.hk
    Jessica Siu Tel: (852) 2114 2820 Email: jessica.siu@sprg.com.hk
    Website: www.sprg.com.hk


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

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    Gravity Business Framework will be aimed at use in off-the-shelf software and next-generation blockchain applications that automate and optimize business processes for SME.

    HONG KONG, Jun 28, 2018 - (ACN Newswire) - Gravity Solutions, the blockchain research and development firm, has published preliminary documentation for its blockchain-based framework that is designed specifically for small and medium-sized enterprises (SMEs). According to International Data Corporation, a renowned market intelligence firm, global spending on enterprise-grade, blockchain-based solutions will cross the $2 billion mark by the end of this year, and is expected to reach up to $9 billion by 2021. Aimed at users of off-the-shelf software and next-generation blockchain applications, the Gravity Business Framework will introduce a suite of innovative payment and workflow management tools that will help SMEs optimize their business and find new growth opportunities.

    CEO and Founder of Gravity Solutions, Yury Parsamov, said, "The tech-savviness of the average SME is now vital to its future. However, few of today's SaaS solutions can be used as turnkey products to serve the wide-ranging needs of small and medium-sized enterprises. In fact, the SaaS industry has yet to fully capitalize on the emergence of blockchain and to open the technology to all types of businesses, beyond the tech giants, enthusiasts, and early adopters. It's evident that SMEs lack blockchain-related expertise, cannot afford custom-tailored solutions, and have no time to handle the legal aspects of blockchain-based systems and smart contracts use. The Gravity Business Framework will address these issues and allow for hassle-free off-the-shelf experience."

    Gravity Business Framework will be built on three pillars: technical, legal, and financial. For the technical architecture of the framework, Gravity Solutions will introduce a set of blockchain-based modules and components, including data storage, authorization, payments, user tokens, voting, application programming interface, and more. The modules will include, in particular, the DAC/DAO module that will allow for decentralized autonomous companies and organizations. The legal part of the framework will be based on Extended Contracts that are both human and machine-readable and will be powered by Ricardian Contracts, Digital Signatures, and decentralized infrastructure.

    In turn, the financial pillar of the framework will be represented by visionary payment gateways, stable coins and next-generation banking solutions that will introduce the non-crypto world to the benefits of utilizing the blockchain technology, blockchain-based solutions, tools and services.

    Gravity Solutions aims to create an ecosystem of partners, specializing in the implementation of SaaS solutions and legal services for SMEs, and to build a community of developers, lawyers, business developers, and entrepreneurs. Serving as the foundation stone, the Gravity protocol will power essential components of the ecosystem, including the Gravity Business Framework. According to the team, it will simplify the creation of blockchain-based products for all types of SMEs by supporting universal ready-to-use solutions and templates. To date, the team has concluded the testing phase and is now working towards several other milestones planned for 2018: desktop and mobile apps, custom tokens, decentralized exchange, and interplanetary file system storage.

    "Over the first few months of testing, we have gained some extremely valuable feedback and rolled out significant but targeted updates to the framework. The focus is now on further enhancing the technology behind it and gradually moving toward the mainstream adoption," added Parsamov.

    For more information about Gravity please visit https://www.gravity.io/
    High-res photo: https://goo.gl/dEMftS

    About Gravity Solutions
    Gravity Solutions is a blockchain research and development firm that aims to create a new, flexible, and efficient blockchain-based framework for all types of SMEs. The framework will powered by the firm's visionary protocol, Gravity. The Gravity protocol is based on the Graphene, an open-source blockchain technology, the Delegated Proof-of-Importance (DPoI) consensus algorithm, and a network activity index, which ensures fair-minded distribution of incentives for the community around the Gravity Business Framework. To date, the R&D firm has attracted thousands of participants during its public testnet phase, and is now working toward introducing new components and improving the technology behind all its products.

    Media Contact:
    Across Asia Communications Limited
    Kent Lau
    Phone: +852 3111 5199
    Email: kent.lau@acrossasia.hk


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

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    From the left: Mr. Sam Qin, Manager of R&D Department, Mr. James Ng, Chief Financial Officer, Mr. Davy Luk, Co-founder & Co-CEO, Mr. Eddie Chan, Co-founder & Co-CEO and Mr. Philip Chan, Executive Director
    From the left: Mr. Davy Luk, Co-founder & Co-CEO, Mr. Eddie Chan, Co-founder & Co-CEO
    Global Offering of 250,000,000 Offer Shares;
    Offer Price Ranges from HK$2.90 to HK$3.33 per Offer Share

    HONG KONG, Jun 28, 2018 - (ACN Newswire) - Intron Technology Holdings Limited ("Intron Technology" or the "Group"), a fast-growing automotive electronics solutions provider in China which focuses on providing solutions targeting critical automotive electronic components applied in new energy, body control, safety and powertrain systems, has announced the details of the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") by way of global offering (the "Global Offering").

    Investment Highlights
    
    - Intron Technology is a fast-growing automotive electronics solutions provider in China, which focuses on providing comphresenive solutions targeting critical automotive electronic components applied in new energy, body control, safety and powertrain systems with high entry barrier

    - Intron Technology achieved great development in the New Energy Vehicle segment through its strategic focus on the PRC domestic OEMs. The Group's customers include eight of the top ten Chinese new energy passenger vehicle brands in 2017 . These OEMs included BYD and BAIC BJEV, with whom it has more than 12 and four years of business relationships, respectively. With a diversified customer base, it served 956 customers in 2017

    - Automotive vehicle production volume in China is expected to grow at a CAGR of 6.5% from 2017 to 2022, while the production volume of new energy vehicle in China is expected to grow at a higher rate at a CAGR of 34.9%, accounting for approximately 59.4% of the global output, according to Frost & Sullivan

    - Sound financial performance with 2017 revenue reaching HK$1,473.5 million, up by 28.1% year-on-year and net profit at HK$122.4 million, up by 30.2% year-on-year

    Offering Details
    Intron Technology intends to offer an aggregate of 250,000,000 shares (the "Offer Shares") under the Global Offering (subject to the over-allotment option), of which 90% will be initially offered as the placing shares (subject to reallocation and the over-allotment option) and the remaining 10% will be initially offered as the Hong Kong offer shares (subject to reallocation). The indicative offer price (the "Offer Price") range is between HK$2.90 and HK$3.33 per Offer Share. Gross proceeds from the Global Offering, assuming an Offer Price of HK$3.12 (being the mid-point of the proposed Offer Price range) and the over-allotment option is not exercised, are estimated at HK$780.0 million.

    The Hong Kong public offering will commence at 9:00 a.m. on 29 June 2018 (Friday) and end at 12:00 noon on 5 July 2018 (Thursday). The final offer price and the allotment results will be announced on 11 July 2018 (Wednesday). Dealing of the shares is expected to commence on the Main Board of the SEHK on 12 July 2018 (Thursday) under the stock code 1760. The shares will be traded in board lots of 1,000 shares each.

    BNP Paribas Securities (Asia) Limited is the sole sponsor, sole global coordinator, sole bookrunner and sole lead manager in the Global Offering.

    Investment Highlights

    Fast-growing automotive electronics solutions provider focusing on critical automotive electronic components
    Since establishment in 2001, Intron Technology has been focused on servicing the automotive industry in China. The Group considers it to be a "technology enabler" by providing value-added solutions targeting critical automotive electronic components to help its customers including OEMs and their suppliers to achieve industry-leading performance, which is crucial amid the stringent regulatory requirements and increasing consumers' demand for smart features in vehicles. The Group believes its customers benefit from its "ready-to-use" and "ready-for-mass-production" solutions which help them shorten their system and components development cycle and improve cost efficiency in a highly competitive automotive market. As a result, it believes it is a preferred partner of the China's domestic OEMs and their suppliers to capture the substantial growth potential in the automotive industry in China.

    During the Track Record Period, Intron Technology recorded continued growth in revenue, gross profit and net profit that outperformed the overall industry growth. Benefiting from strong research and development capabilities and engineering expertise, the Group believes that it is well positioned to continue capture the growth in automotive electronic content, new energy vehicles and automated driving.

    Comprehensive portfolio of automotive electronics solutions with high entry barriers
    Intron Technology has accumulated a wealth of experience in providing automotive electronics solutions to customers and built a portfolio that covers three major categories of automotive electronic components ranging from body control, safety and powertrain as well as for new energy vehicles.

    In 2017, the Group provided 158 solutions to customers, up from 144 in 2015. Built on its understanding of automotive electronics technologies, its comprehensive solution portfolio differentiates it from other automotive electronic solution suppliers in the market that tend to operate in smaller scale. This, together with long co-operative history with OEMs and their suppliers, create high entry barriers for potential competitors.

    Strategic focus on renowned PRC domestic OEMs
    Intron Technology strategically focuses on servicing OEMs in China and their suppliers whom it believes are in greater needs for solutions that help them achieve the desired functions and features on par with international OEMs. With its long history in the industry, the Group has established strong relationships with many of the China's leading OEMs, either as direct customers or as users of its solutions purchased through their automotive part suppliers. During the Track Record Period, the Group's customers included eight of the top ten Chinese new energy passenger vehicle brands in 2017. These OEMs included BYD and BAIC BJEV, with whom the Group has more than 12 and four years of business relationships, respectively.

    The Group has established branch offices in Shenzhen and Beijing where its major customers such as BYD and BAIC BJEV are located. Its presence has now expanded into 14 major cities in the Greater China Region including Shanghai, Beijing, Chongqing, Xi'an, Changchun, Guangzhou and Shenzhen, which is strategically planned to allow the Group to maintain close proximity to the locations of OEMs and their suppliers. Based on its targeted marketing efforts, it has managed to expand its customer base, with the number of customers increasing from 672 in 2015 to 956 in 2017.

    Strong research and development capabilities and pipeline
    Intron Technology has a large and growing professional team dedicated to research and development. As at 31 December 2017, its R&D team comprised 230 members. It was the registered owner of a total of 43 granted patents and 69 software copyrights and had filed 21 pending patent applications in the PRC as at 19 June 2018, the Latest Practicable Date.

    The Group believes its success was partly attributable to its research and development team's efforts spent in constantly keeping themselves abreast of the latest market trends in the automotive industry and their ability to identify potential opportunities as they arise in the market. In 2015, 2016 and 2017, the Group's R&D costs amounted to RMB30.6million, RMB52.8 million and RMB74.7 million, respectively, representing 4.2%, 4.6% and 5.1% of its total revenue. Its dedication to and significant investments in R&D not only result in new solutions, but also help keep it at the technological forefront of the automotive electronic component industry.

    Experienced and visionary management team with extensive knowledge of the automotive electronics industry
    The Group's dedicated management team, with an average of more than 18 years of experience in the automotive industry or electronic components industry, is led by Mr Luk Wing Ming, co-founder, Chairman and co-CEO and Mr Chan Cheung Ngai, co-founder and co-CEO, who both have over 20 years of working experience in the electronics industry including 16 years in the automotive electronics industry. Under the leadership, strategic vision and direction of the executive directors and senior management team, Intron Technology has built a business with a proven track record of success.

    Future Strategies
    Since the new energy vehicles market in China is expected to continue its rapid growth in the coming years, the Group plans to further increase its investment in the research and development in the area of new energy, and in particular developing advanced solutions targeted at the following areas which it believes are the key applications in new energy vehicles, including battery management system (BMS), vehicle control units (VCU) and motor control units (MCU).

    The Group also plans to further enhance its research and development capabilities through expanding its R&D team by recruiting additional engineers and staff, where its core competencies are laid. Moreover, it plans to continuously increase its investment in the research and development of a number of key technology platforms, which it believes align with new industry trends.

    Intron Technology will also develop modular solutions for design and engineering of diverse applications to increase market coverage, increase investment in solutions used in automated driving, and identify acquisition and strategic alliances opportunities.

    Use of Proceeds
    Assuming the Offer Price is fixed at HK$3.12 per Offer Share, being the mid-point of the indicative range of the Offer Price, and assuming the over-allotment option is not exercised, the gross proceeds would be HK$780.0 million. The net proceeds (after deducting underwriting fees and total expenses) will be used for:

    Purposes / Approximately
    Expand research and development capabilities: 30.0%
    Ehance research and development infrastructure: 30.0%
    Finance acquisitions of research and development capabilities: 30.0%
    Working capital and other general corporate purposes: 10.0%

    For the Year Ended 31 December
    (RMB'000) 2016 2017 YoY change
    Revenue 1,150,173 1,473,484 +28.1%
    Gross Profit 241,387 309,011 +28.0%
    Profit for the year 93,990 122,379 +30.2%

    About Intron Technology Holdings Limited
    Intron Technology Holdings Limited is a fast-growing automotive electronics solutions provider in China focuses on providing solutions targeting critical automotive electronic components applied in new energy, body control, safety and powertrain systems. The Group utilizes its research and development and engineering capabilities to provide solutions incorporating advanced semiconductor devices to help OEMs achieve industry leading performance.

    Media Enquiries:
    Strategic Financial Relations Limited
    Mandy Go Tel: +852 2864 4812 Email: mandy.go@sprg.com.hk
    Becky Liu Tel: +852 2864 4864 Email: becky.liu@sprg.com.hk
    Antonio Yu Tel: +852 2114 4319 Email: antonio.yu@sprg.com.hk
    www.sprg.com.hk




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

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    Themed "Collaborate for Success", the third Belt and Road Summit welcomed some 5,000 government and business leaders from 55 countries and regions.
    Government and Business Leaders Converged to "Collaborate for Success"

    HONG KONG, Jun 28, 2018 - (ACN Newswire) - The Third Belt and Road Summit, organised by the HKSAR Government and the HKTDC, welcomed some 5,000 participants from 55 countries and regions today at the Hong Kong Convention and Exhibition Centre. More than 80 government and business leaders from Hong Kong, the Chinese mainland and countries around the world shared their insights on the development of the Belt and Road Initiative and the new opportunities presented to different industries. Governments and companies of several Belt and Road countries signed agreements and memoranda of understanding (MoUs) to implement cooperation plans. The HKTDC also arranged Project Pitching sessions and close to 500 One-to-one Business Matching Meetings for participants to foster concrete cooperation and realise the Summit's theme of "Collaborate for Success".

    At the opening session, Carrie Lam, Chief Executive of the HKSAR, delivered the opening remarks. Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council, the People's Republic of China; Ning Jizhe, Vice Chairman of the National Development and Reform Commission, the People's Republic of China; and Gao Yan, Vice Minister of the Ministry of Commerce, the People's Republic of China, delivered special addresses. Dr Somkid Jatusripitak, Deputy Prime Minister of Thailand, gave the keynote speech and shared how the Belt and Road Initiative drove the steady growth of the global economy and how Thailand and other ASEAN countries could get involved.

    In his welcome remarks, Vincent HS Lo, Chairman of the HKTDC, said: "In just four and a half years, the Initiative has achieved significant progress. New projects such as railways and roads, ports and power plants have begun in numerous countries around the world. At the same time, new opportunities are opening up, as the Initiative goes beyond infrastructure to technology, manufacturing, logistics, agriculture, tourism and many others. For something as far-reaching in scope and global in scale as the Belt and Road, we must find the right partners to make the right choices. As the commercial hub for the Belt and Road, Hong Kong is the best place to turn Belt and Road concepts into viable commercial ventures."

    A milestone for Hong Kong-Georgia economic and trade cooperation

    Hong Kong and Georgia signed a free trade agreement (FTA) at the Summit. Georgia is located along the Silk Road Economic Belt of the Belt and Road and is a logistics and transhipment corridor to the Caucasus and Central Asia. The railway linking Azerbaijan, Georgia and Turkey began operation last year, further strengthening Georgia's role as a transportation hub connecting Europe and Asia. More transportation and infrastructure projects will be started in Georgia in the future, creating a keen demand for investment and professional services.

    In addition to signing the FTA, Genadi Arveladze, Deputy Minister of Economy and Sustainable Development, Georgia, joined the plenary luncheon chaired by Edward Yau Tang-wah, Secretary for Commerce and Economic Development, Government of the HKSAR. Along with U Thaung Tun, National Security Advisor, Union Minister for the Ministry of the Office of the Union Government, Chairman of Myanmar Investment Commission, the Republic of the Union of Myanmar; Baroness Fairhead, Minister of State for Trade and Export Promotion, Department for International Trade, the United Kingdom; and Lim Sidenine, Secretary of State, Ministry of Public Works and Transport, Kingdom of Cambodia, the speakers examined how governments could enhance cooperation and support enterprises and investors to participate in Belt and Road projects.

    Business opportunities in different sectors explored

    At the Plenary Session entitled "Action through Collaboration: Case Studies on Signature Belt and Road Projects", panel chair Bernard Chan, President of Asia Financial Holdings Limited, spoke with Liu Qitao, President of China Communications Construction Group; Li Shufu, Vice Chairman of All-China Federation of Industry and Commerce and Chairman of Zhejiang Geely Holding Group; Prof Frederick Ma, Chairman of MTR Corporation Limited; Manuel V Pangilinan, Chairman of Metro Pacific Investments Corporation; and Shinta Widjaja Kamdani, Vice Chairwoman of Indonesian Chamber of Commerce and Industry (KADIN Indonesia) and Chief Executive Officer of Sintesa Group. The panellists shared views and experience on Belt and Road investment.

    The breakout sessions focused on areas including infrastructure financing, digital technology, construction, green finance, risk management and legal services. Discussions included how enterprises and investors can leverage the strengths of Hong Kong's services providers to upgrade their projects and maximise returns. Additionally, young business leaders and leading women entrepreneurs shared their experience in Belt and Road markets.

    Overseas investment missions bearing fruit

    The HKTDC has been organising business and investment missions to help Hong Kong and mainland Chinese companies reach out to various Belt and Road countries. Thailand is one of the key destinations. Dr Somkid Jatusripitak, Deputy Prime Minister of Thailand, delivered the keynote speech at today's Summit. A number of MoUs were also signed between Hong Kong and Thai companies.

    Hong Kong power company CLP signed a MoU with Thailand's largest industrial city developer, Amata. To facilitate the use of renewable energy, they would join hands to study the feasibility of building a floating solar farm in Chonburi Industrial City, located on Thailand's Eastern Economic Corridor. CLP met Amata last year when it joined the HKTDC's mission to Thailand and the two companies reached the agreement after a year of negotiation.

    Hong Kong-based Ho & Partners Architects (hpa) and Thailand's leading developer Life & Living reached an agreement in which hpa will provide concept development and master planning for a tourism and leisure development in Thailand. In another project, hpa will be the project lead to design and develop a smart city in the Sriracha Creative District located along Thailand's Eastern Economic Corridor. The project's estimated valuation is close to US$ 3 billion.

    Earlier this week, Hong Kong electrical engineering contractor Kum Shing Group also signed a MoU with Thailand's Metropolitan Electricity Authority to offer consultancy services on providing stable power supply in Bangkok.

    During the Summit, the HKTDC also signed MoUs with Thailand's Ministry of Industry, Bangkok Bank and Siam Commercial Bank to strengthen bilateral cooperation and promote the Belt and Road Initiative.

    In addition, Hong Kong's Kwan On Holdings and hpa signed an MoU with the Philippines' Aggregate Business Group to collaboratively work on the overall planning and marketing campaigns of three development projects in Philippines. The project's estimated infrastructure investment is US$ 3.5 billion.

    Concrete business opportunities abound

    While the Plenary and Breakout Sessions were in progress, investors, project operators and owners and services providers took part in Investment and Business Matching. More than 220 projects were received and One-to-one Business Matching Meetings were arranged based on their needs. The Summit also organised Project Pitching sessions focusing on three sectors: Transport and Logistics Infrastructure, Energy, Natural Resources and Public Utilities, and Rural and Urban Development for participants to learn about different projects.

    More project details and services information were available at the Summit's exhibition zones. At the Global Investment Zone, more than 50 project owners and operators, investment promotion agencies, Consulates-General and representatives of government agencies from 29 countries showcased projects of their respective markets. At the Hong Kong Zone, more than 40 Hong Kong companies from four sectors: Banking and Financial Services, Information Technology, Infrastructure Development, and Professional Services introduced their services and shared case studies.

    The third Belt and Road Summit invited 34 global business leaders to serve as honorary advisors. China International Capital Corporation Ltd was the Summit's Strategic Partner. Bank of China (Hong Kong) Ltd was the Diamond Sponsor.

    Video interviews:
    Dr Lee George Lam, Chairman, Hong Kong Cyberport: https://youtu.be/85l50-kFyD8
    Mr Manuel V Pangilinan, Chairman, Metro Pacific Investments Corp: https://youtu.be/YZRkFS_PX44
    Belt and Road Summit website: www.beltandroadsummit.hk
    HKTDC Belt and Road Portal: www.beltandroad.hk
    Photo Download: https://bit.ly/2MxIAaT

    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:
    Billy Ng, Tel: +852 2584 4393, Email: billy.km.ng@hktdc.org

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

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    SHANGHAI, Jun 28, 2018 - (JCN Newswire) - AT&T, China Mobile, Deutsche Telekom, NTT DOCOMO, and Orange jointly announced today that O-RAN, originally co-founded by AT&T, China Mobile, Deutsche Telekom, NTT DOCOMO and Orange, has held its first O-RAN Board meeting during MWC Shanghai 2018. Seven new members were also approved including Bharti Airtel, China Telecom, KT, Singtel, SK telecom, Telefonica and Telstra. Together, delegates from these 12 operators successfully co-signed the Constitution Articles of the O-RAN Alliance. This symbolic occasion marks the official foundation of the operator-driven initiative.

    Open to all operators globally, the O-RAN Alliance is a world-wide, carrier-led effort to drive embedded intelligence and new levels of openness in the radio access network of next generation wireless systems.

    At the meeting, Andre Fuetsch, president of AT&T Labs was elected as chair of the Board and Alex Jinsung Choi, SVP Strategy & Technology Innovation at Deutsche Telekom, was appointed as Operations Officer. In addition, Bharti Airtel, China Telecom, KT, Singtel, SK telecom, Telefonica and Telstra were approved as new Board members. This expands the number of Board Directors to 12. Furthermore, the Board approved the O-RAN architecture with an initial set of 7 working groups, which are:

    WG1: Use Cases & Overall Architecture
    WG2: Radio Intelligent Controller (RIC) (non-Real Time) & A1 Interface
    WG3: RIC (near-Real Time) & E2 Interface
    WG4: Open Fronthaul (FH) Interface
    WG5: Stack Reference Design and F1/V1/E1/X2
    WG6: Cloudification and orchestration
    WG7: White Box Hardware

    "I am very proud to see that an amazing progress has been made since MWC Barcelona" said Zhengmao Li, CTO of China Mobile, and the host of this event. "Thanks to the hard work from the team on their intense discussion, multi-lateral communication with various potential partners, O-RAN Alliance has been receiving more and more noticeable attention. Not only traditional leading players in the industry, but also lots of startups and SEM have shown great interest in us. With the successful founding meeting and Board meeting, I am very confident that from now on the O-RAN wheel will accelerate at its full speed, and ultimately make a vital contribution to the 5G deployment in the few years to come."

    "We are on a journey to transform the way that communications networks are built," said Andre Fuetsch, chairman of the O-RAN Alliance and president, AT&T Labs. "Last year in AT&T we reached virtualization of 55% of our core network, and we joined the industry in launching ONAP to extend the reach of open virtualization and automation. The Open Networking Foundation is extending virtualization beyond the core, to rearchitect the central office and access technology. And now we are taking the next major step of this journey, to open and virtualize global wireless networks, with the founding and expansion of the O-RAN Alliance. The O-RAN Alliance will drive intelligent, open software defined networks and virtualization elements that will help 5G networks achieve their full potential and unlock new experiences for consumers and businesses around the world."

    "To realize the full potential of 5G, it is essential that we evolve the full end-to-end system architecture to be more flexible, agile and efficient. We look forward now to intensifying the work with our industry partners in the O-RAN Alliance to push more openness, intelligence and programmability into the radio access network and accelerate the transformation of mobile networks," said Alex Jinsung Choi, Operations Officer of the O-RAN Alliance and SVP Strategy & Technology Innovation at Deutsche Telekom.

    "The Founding & Board meetings held today, with the joining of new Board members, mark a concrete and promising step for the O-RAN Alliance becoming a reality," said Dr. Hiroshi Nakamura, EVP and CTO of NTT DOCOMO. "I believe that openness is the key success factor for the evolution of the mobile market in the 5G era. NTT DOCOMO will contribute to O-RAN Alliance activities with our experience in building radio access networks in collaboration with multiple partners, and will be devoted to co-creating 5G markets with O-RAN Alliance members."

    "The O-RAN alliance activity complements the standards developed by the 3GPP to facilitate 5G specification and deployment by pushing for open interfaces and APIs for the radio subsystem, which needs to evolve towards virtualisation as it is in the networks systems. The importance of such standards to be implemented by the industry to speed up 5G deployments and to reach large economies is crucial if we are to deliver a 5G world where connectivity should be ubiquitous in an affordable manner." Emmanuel Lugagne Delpon, senior vice president, Orange Labs Networks.

    "Having been at the forefront of India's telecom revolution, Airtel is excited to be part of the alliance. We look forward to working with the alliance for creating open standards for radio networks, which can foster deployment of cost effective and 5G ready infrastructure solution. This would be help us in serving our customers with differentiated experience on our networks" said Abhay Savargaonkar, CTO of Bharti Airtel.

    China Telecom EVP, Dr. Guiqing Liu said: "As well accepted, an open cellular network architecture will enable greater flexibility and potentiality of the future network, and thus facilitate the development of RAN-based applications and functionalities. O-RAN is playing a leading role in achieving this goal. As a member of O-RAN, China Telecom will make joint effort with global partners to push forward the telecommunication industry and create a more open and intelligent future."

    "With 5G commercial launch on the horizon, KT is confident that O-RAN alliance is geared to offer a practical guidance to productive RAN solutions so as to further pave ways for more innovations to come for years," said Dongmyun Lee, CTO of Korea Telecom.

    "We are pleased to be part of the O-RAN Alliance so we can jointly accelerate the deployment of 5G," said Mark Chong, Group CTO at Singtel. "Greater openness in the Radio Access Networks for next generation wireless technologies will help operators lower cost, increase agility and accelerate 5G deployment that will radically change the way enterprises and consumers run their lives and their businesses."

    "SK telecom has been working on open innovation in 5G radio access networks (RAN) together with the world's leading mobile operators as one of the founding members of xRAN Forum. We are delighted to see the industry keep the momentum going with growing number of partners." said Jinhyo Park, CTO of SK telecom. "We are committed to the success of O-RAN alliance and looking forward to seeing more positive outcomes the alliance will bring to 5G RAN infrastructures."

    "Telefonica is proud of joining the alliance in this first meeting" said Enrique Blanco, Group CTIO and representative of Telefonica at O-RAN's board. "For Telefonica, the creation of O-RAN represents a crucial step in the right direction. O-RAN will lead all aspects of a future-proof RAN design having interoperability, modularity and openness as key elements. Network density and complexity and the need for E2E digitalization of our future telco architectures demand smarter solutions for the radio network, including cost-effective open designs. O-RAN is the right vehicle to make this happen."

    "Telstra welcomes the foundation of the O-RAN Alliance as a contributor in driving openness and innovation to future 5G enabled wireless networks," said Hakan Eriksson, CTO of newly invited member, Telstra.

    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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    Paris, Amsterdam, Jun 29, 2018 - (ACN Newswire) - On June 7, 2018, Unibail-Rodamco SE announced that it had completed the acquisition of Westfield Corporation to create Unibail-Rodamco-Westfield (the "Group"). As part of this transaction, the Group planned to have the senior corporate debt of all members of the Group be ranked pari passu by implementing cross guarantees.

    Today, Unibail-Rodamco SE and WFD Unibail-Rodamco N.V. jointly announce that as of June 28, 2018, all of the guarantors identified below as "Westfield Guarantors" have jointly and severally agreed to guarantee the payment of all sums payable from time to time under:

    - The outstanding notes issued by Unibail-Rodamco SE and by Rodamco Sverige AB under their Euro Medium Term Note Programme,
    - The outstanding convertible bonds (ORNANE) issued by Unibail-Rodamco SE, and
    - Certain syndicated and bilateral credit facilities pursuant to which Unibail-Rodamco SE is either a borrower or a guarantor. The agents for such syndicated and bilateral credit facilities will be notified of the respective guarantees from which such facilities will benefit.

    Reciprocally, as of June 28, 2018, the guarantors identified below as "Unibail-Rodamco Guarantors" have jointly and severally agreed to guarantee the payment of all sums payable from time to time under the outstanding guaranteed senior notes issued by certain subsidiaries of the former Westfield Corporation (WEA Finance LLC, Westfield UK & Europe Finance PLC and WFD Trust).

    In addition, a new 4-year (with two six-month extension options) multicurrency senior revolving credit facility in the amount of US$3.0 billion became effective on June 28, 2018, pursuant to which certain of the entities listed below are borrowers and all of the guarantors listed below have jointly and severally agreed to guarantee the payment of all sums payable from time to time under the facility.

    Equivalent guarantees will be issued for future senior corporate debt to be issued by wholly-owned subsidiaries of Unibail-Rodamco SE or WFD Unibail-Rodamco N.V.

    Westfield Guarantors
    - WCL Finance Pty Limited
    - WEA Finance LLC
    - Westfield America Trust
    - Westfield Corporation Limited
    - Westfield UK & Europe Finance PLC
    - WFD Trust

    Unibail-Rodamco Guarantors
    - Unibail-Rodamco SE
    - WFD Unibail-Rodamco N.V.
    - URW America Inc.

    For further information, please contact:

    Investor Relations
    Maarten Otte
    +33 1 76 77 58 02
    Maarten.otte@urw.com

    Media Relations
    Nathalie Feld
    +33 1 76 77 57 94
    Nathalie.feld@ext.urw.com

    About Unibail-Rodamco-Westfield

    Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at EUR 62 Bn as at 31 December 2017, of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, the Group owns and operates 102 shopping centres, of which 56 are flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present in 2 continents and in 13 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events, and offers an exceptional and constantly renewed experience for customers.

    With the support of its 3,700 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. The Group has the largest development pipeline in the industry, worth EUR 13 Bn.

    Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities.

    Unibail-Rodamco-Westfield is listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW). A secondary listing has been established in Australia through Chess Depositary Interests. The Group benefits from a rating in the A category from Standard & Poor's, Moody's and Fitch Ratings.

    For more information, please visit www.urw.com

    URW announces the implementation of cross guaran http://hugin.info/136618/R/2201890/854018.pdf

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

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    New Software Defined Wide Area Network product seamlessly binds multiple access technologies into single logical path for improved performance, flexibility and cost-efficiency

    HONG KONG, Jun 29, 2018 - (ACN Newswire) - CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), today announced the launch of its SD-WAN solution, branded as "TrueCONNECT(TM) Hybrid."

    Designed to address the needs of today's distributed enterprises for more flexible, open and cloud-based WAN technologies, TrueCONNECT(TM) Hybrid is a Software Defined Wide Area Network (SD-WAN) solution that virtualizes the topology of enterprise network infrastructure, integrating multiple access technologies (including private WAN networks, mobile networks, and Internet links) into a single active-active hybrid WAN that can be easily orchestrated while maintaining excellent Quality of Service (QoS) and network resilience.

    "Modern enterprises need modern infrastructure," said Taylor Lam, CITIC Telecom CPC's Vice President of Product. "Legacy fixed WANs cannot efficiently or effectively cope with the dynamism of modern business, with multiple varying aspects including new company offices, evolving mission-critical applications, increased use of applications / ICT resources from the cloud, and other such factors."

    Amplified Enterprise Agility
    TrueCONNECT(TM) Hybrid supports TrueCONNECT(TM) Premium QoS, and is the ideal solution for mission critical and traffic heavy applications, which will automatically be assigned optimal network resources (such as MPLS paths) for a more seamless and responsive end-user experience.

    Addressing the multi-cloud topologies of modern enterprises, TrueCONNECT(TM) Hybrid enables elastic cloud-to-cloud interconnectivity, securing all private and public cloud connectivity (for all applications and transport methods) between branch offices, remote sites and larger corporate data centers.

    By offering breakthrough flexibility, security, efficiency, and management ease, compared to traditionally routed enterprise WAN architecture, TrueCONNECT(TM) Hybrid helps enterprises achieve hybrid WAN connections, while greatly simplifying enterprise WAN orchestration and administration. It ensures organizations to have the agility to swiftly and easily react to market or environment changes, while minimizing time, overhead, complexity and cost. It can also be combined with TrueCONNECT(TM) Accelerator (Managed WAN Optimization Services) to further increase WAN throughput effectively and economically, with even greater bandwidth utilization and application performance.

    Productive Partnership
    CITIC Telecom CPC regularly collaborates with best-in-class vendors to incorporate their technologies into solutions, and in particular has almost a decade of product partnership with Riverbed, TrueCONNECT(TM) Hybrid being the most recent example of this working relationship.

    "As organizations continue to adopt more and more cloud apps and services, the network has to adapt to become more agile and intelligent. We are very pleased to again collaborate with CITIC Telecom CPC to help enterprises in Asia Pacific and globally modernize their network infrastructure in order to achieve this," said Patrick Yuen, Vice President, Greater China, Riverbed. "Riverbed's SD-WAN platform, Riverbed SteelConnect, delivers complete cloud-to-edge networking capability that is powerful yet simple. The unique set of capabilities includes a unified network fabric, centralized policy orchestration and automation, as well as integrated application performance and security."

    Prior to TrueCONNECT(TM) Hybrid, CITIC Telecom CPC and Riverbed also have developed a close collaboration on TrueCONNECT(TM) Accelerator (WAN Optimization), SmartCLOUD(TM) TAB (Traffic and Application Balancer), and SmartCLOUD(TM) SafeBox (Cloud Backup Solution). The launch of TrueCONNECT(TM) Hybrid is yet another testament to the strength of this enduring and productive partnership.

    Easy and Efficient Administration
    As a "one-stop-shop" managed solution, TrueCONNECT(TM) Hybrid uses a "Single Box" deployment approach to deliver maximum convenience for CITIC Telecom CPC's enterprise customers, with each customer site only requiring one network device that is fully managed by CITIC Telecom CPC's 24x7 professional teams. Customers can easily monitor their WANs via a user-friendly management portal, while CITIC Telecom CPC handles daily maintenance, troubleshooting, and other administrative concerns, freeing up customer IT staff so they can focus on more productive tasks.

    "TrueCONNECT(TM) Hybrid truly and literally redefines distributed enterprise infrastructure," concludes Mr. Lam. "Our professional service teams can also customize the solution to fit each customer's unique business needs. With an increasing number of companies depending on external providers for mission-critical cloud-based platforms and applications, and anticipated business growth via opportunities stemming from China's One Belt One Road Initiative, I am pleased we can offer this remarkable solution to our customers so they can readily enjoy the benefits of cutting-edge network virtualization and gain new levels of business agility and cost-effectiveness."

    TrueCONNECT(TM) Hybrid is immediately available and seamlessly interoperates with CITIC Telecom CPC's other flagship enterprise solutions.

    About CITIC Telecom CPC
    CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serves multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon the company's flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) global unified cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

    As one of the first managed service providers in Hong Kong to achieve ISO 9001, 14001, 20000, 27001, and 27017 ICT-related certifications, CITIC Telecom CPC delivers on its superior quality commitment through a broad global footprint encompassing some of the highest growth markets in Asia, Europe and America, with over 140 points of presence, 16+ Cloud service centers, -30 data centers, and two dedicated 24x7 Security Operations Centers.

    At CITIC Telecom CPC, "Innovation Never Stops."

    For more information please visit www.citictel-cpc.com

    Media Contact:
    Rowena Leung
    (+852) 2170 7536
    Email: rowena.leung@citictel-cpc.com


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

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    TOKYO, Jun 29, 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce the achievement of financial close and commencement of construction of Borssele III/ IV Offshore Wind Farm in the Dutch North Sea, in which MC holds shares through its UK based wholly owned subsidiary, Diamond Generating Europe Limited (DGE). Prior to this milestone, DGE has divested part of its shares held to funds managed and/or advised by Partners Group, a global private markets investment manager. Partners Group is the fifth member of the Borssele III/ IV consortium, currently comprised of Eneco Group, Royal Dutch Shell, Van Oord and DGE. Total power generating capacity of the wind farm is 731.5MW, with the construction at sea/field starting from the middle of 2019 and commercial production starting in 2021.

    Offshore wind power installations in Europe are projected to reach 50 GW in total capacity by 2030. Driven by a growing momentum towards ESG investment, many companies and institutional investors aim to expand their renewable energy portfolios by entering projects after key risks are mitigated. The mutually beneficial share transfer between Partners Group and DGE, allows Partners Group to enter the Borssele III/ IV project in its construction phase, and DGE to further optimize its power generation portfolio through a re-profiling of assets.

    Through DGE, MC has participation in four offshore wind power projects in Europe including Borssele III/ IV, with a collective power generation capacity of over 2GW (as shown below). MC will continue participating in projects that simultaneously generate economic, societal, and environmental value, and leverage its operational experiences to further invest in offshore wind. By so doing, MC aims to accelerate its progress towards achieving a renewable energy composition of over 20% of total attributable power generation by 2030.

    About Mitsubishi Corporation

    Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry, including industrial finance, energy, metals, machinery, chemicals, and daily living essentials. MC's current activities have expanded far beyond its traditional trading operations to include investments and business management in diverse fields including natural resources development, manufacturing of industrial goods, retail, new energy, infrastructure, finance and new technology-related businesses.

    With over 200 offices and subsidiaries in 90 countries and regions worldwide and a network of approximately 1,300 group companies, MC employs a multinational workforce of over 70,000 people.

    For more information, visit https://www.mitsubishicorp.com/jp/en/

    Contact:
    Mitsubishi Corporation Telephone: +81 3 3210 2171 Facsimile: +81 3 5252 7705

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

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    - Invests in Denno Kotsu through NTT DOCOMO Ventures -

    TOKYO, Jun 29, 2018 - (JCN Newswire) - NTT DOCOMO, INC. announced today that it will offer a call-center and taxi-dispatch cloud system that regional taxi operators can use jointly for streamlined operations leading to greater efficiency and reduced costs. To facilitate the initiative, DOCOMO's wholly owned subsidiary NTT DOCOMO Ventures has taken an equity stake in Denno Kotsu, Inc., the developer of a cloud-based unified-operations model for taxi companies. DOCOMO expects the service to help strengthen transportation options in regional areas of Japan, where senior citizens are increasing at a time when working populations are declining.

    The efficiency of regional taxi services has become an issue as municipalities look to provide transportation for people unable to drive cars, particularly the elderly, as well as ensure the continuing availability of multiple transportation options for the general public.

    Established in 2015, Denno Kotsu is a venture company based in Tokushima Prefecture that has developed a cloud-based call/dispatch system that regional taxi companies can use jointly for increased operational efficiency and cost reduction. The system collectively manages the vehicles of multiple taxi operators, enabling centralized operators to handle dispatches for multiple companies.

    During the rest of this year, DOCOMO will field test its new service in regional municipalities. Eventually it expects to develop a solution for use nationwide. The initiative is one of many examples of how DOCOMO is leveraging mobile and other technologies to support regional areas with innovative ICT-based solutions.

    Going forward, DOCOMO will continue working with Denno Kotsu and a wide range of other partners to solve pressing issues in society under its "Declaration Beyond" medium-term strategy to 2020.

    About NTT DOCOMO Ventures

    NTT DOCOMO Ventures, the NTT Group's corporate venture capital firm, aims to accelerate innovation for creation of new services, disruptive technologies and innovative processes serving as a primary channel for startup companies and venture communities on behalf of the NTT Group, Japan's leading ICT service provider. We proactively enhance cooperation with exceptional entrepreneurs on a worldwide scale by providing capital from our corporate venture funds and vast business development opportunities with the NTT Group companies. wwww.nttdocomo-v.com/en/

    About Denno Kotsu, Inc.

    Denno Kotsu is a venture company based in Tokushima Prefecture, Japan that uses IT to help small and midsize regional taxi companies improve their operational efficiency to deal with labor shortages. Established in 2015, Denno Kotsu offers a cloud-based taxi dispatch system and cloud-based taxi call-center service for streamlined dispatch operations. This system uses a cloud-based platform to collectively manage multiple taxi operators and provide drivers with navigation maps via vehicle-mounted tablets. The cost-saving, customized and efficient dispatch solution improves satisfaction for drivers and customers alike. Denno Kotsu is committed to meeting the transportation needs of regional communities by using technology to create next-generation regional transportation services.

    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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    HONG KONG, Jun 29, 2018 - (ACN Newswire) - 7Road Holdings Limited ("7Road" or the "Group"), a leading developer and operator of online games in China, has announced today the details of its proposed share listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK") under the stock code 797.

    Offering Details

    The Group intends to offer an aggregate of 666,680,000 shares (subject to adjustment and the exercise of an over-allotment option), of which 600,012,000 shares (subject to re-allocation and the exercise of an over-allotment option) are international offer shares and the remaining 66,668,000 shares (subject to adjustment) are Hong Kong public offer shares. After deducting underwriting fees and estimated expenses, and assuming an offer price of HK$1.86 per offer share (being the midpoint of the proposed offer price range between HK$1.50 per share and HK$2.22 per share) and the over-allotment option is not exercised, the estimated net proceeds from the global offering will amount to approximately HK$1,148.4 million.

    The Hong Kong public offering will commence on 29 June, 2018 (today) and end at 12:00 noon on 11 July 2018 (Wednesday). The final offer price and the allotment results are expected to be announced on 11 July 2018 (Wednesday). Trading of the shares of 7Road is expected to commence on the SEHK on 18 July 2018 (Wednesday) under the stock code 797, and in board lots of 2,000 shares each.

    GF Capital (Hong Kong) Limited and CCB International Capital Limited are the joint sponsors of this listing. GF Securities (Hong Kong) Brokerage Limited, CCB International Capital Limited, Haitong International Securities Company Limited and AMTD Global Markets Limited are the joint global coordinators, joint bookrunners and joint lead managers; while CMB International Capital Limited is the joint bookrunner and joint lead manager.

    Business Highlights

    Sophisticated Game Development and Data Analytics Capabilities
    As a leading online game developer and operator based in China, 7Road has engaged in the development, operation and licensing of a number of popular online games since its establishment in 2008, in particular, casual shooting games and strategy role-playing games ("SRPG"). 7Road was the top web game developer in China in terms of revenue generated from proprietary web games in 2017, according to iResearch Report. As of the latest practicable date, it has launched and operated 16 web titles in various language versions, including a number of chart-topping titles. The Group has also strategically expanded its business focuses to develop mobile and H5 games to attract and monetize smartphone users.

    The Group owns two core flagship titles, i.e. DDTank and Wartune, which have been well received by the market. Both games have had average monthly active users ("MAUs") of 1,840,000 and 820,000 in 2017 respectively. DDTank (mobile) topped the free-to-download game chart of Apple Inc.'s App Store in China on the date of its launch, and has remained among the top 300 best-selling games as of the latest practicable date. Wartune received "Facebook Staff Favorites Recognition" and was acknowledged as one of the Top Ten Best Web Games in China by the Gaming Industry Committee of the China Audio-video and Digital Publishing Association for three consecutive years from 2012 to 2014.

    7Road has established a game development center in Shenzhen that focuses on the initiation, upgrade and optimization of online games. The Group continuously monitors user behavior and feeds gameplay data, such as daily active users and average revenue per paying users, to its game development center through an integrated system, which allows it to effectively analyze critical user metrics generated by its games. The game development center then translates such information into well-timed game enhancements as well as new games, allowing the Group to continuously release upgrades and expansion packs to existing games with new features, avatars and game storylines to maintain user interest and maximize monetization. Currently, the Group's two flagship titles, DDTank and Wartune, have a lifecycle of over nine years and seven years respectively, far longer than the lifecycle of similar game genres. As of the latest practicable date, the Group has launched 15 proprietary games in different formats, followed by over 400 major expansion packs that contain significant game upgrades and improvements, which are further refined by thousands of regular updates. The Group also plans to launch five mobile games, four H5 games and one web game by the end of 2018.

    The game development center of the Group had 262 employees as of December 31, 2017, accounted for 77% of its total employees as of the same date. The Group's team members on average have five years of relevant industry experience and more than half have a bachelor's or master's degree.

    Strategic Development Plan for Business Globalization
    According to iResearch Report, 7Road is the second largest China-based web games developer in terms of total amount paid by overseas users in 2017. Being among a select group of pioneers that ventured into the international arena with Chinese-made online games, the Group possesses extensive experience and valuable know-how to serve a demographically and culturally diverse user community that spans various overseas markets, including Southeast Asia, North America and South America. As of the latest practicable date, the Group's games have been published in over 100 countries and regions. In 2017, the Group's revenue derived from overseas markets amounted to RMB149.3 million, represented 33.5% of its total revenue during the same period.

    The Group has established strong localization capabilities to structurally and artistically modify its game offerings, including the use of local language scripts and other in-game features specifically redesigned to meet the differentiated gameplay needs and preferences of users from diverse geographical markets. As of the latest practicable date, the Group offers online games scripted in 21 languages, including simplified and traditional Chinese, English and other major languages. 7Road has built a self-refining localization process as it continues to release localized upgrades for and accumulate experience from the expansion of its geographical reach and global user base.

    Strong Capabilities of Utilizing Proprietary Game IPs
    7Road has spent a significant amount of time and resources on developing online games. As of the latest practicable date, the Group has registered 196 copyrights for art works, 116 copyrights for software, 211 trademarks and nine patent rights in China as well as 136 trademarks in overseas jurisdictions, including Taiwan, Hong Kong and Macau, and three copyrights for software in the United States. It has also applied for the registration of eight trademarks and three patent rights in China and 24 trademarks in overseas jurisdictions. The Group focuses on the in-house development of new game IPs. 7Road has assembled valuable IP assets since it launched its first web title, DDTank, in 2009. Leveraging the popularity of its game IPs, the Group was among the pioneers from China to enter the overseas markets.

    The Group also seeks to outsource attractive IPs from third parties, such as King of Fighters, which led to the development of the proprietary game King of Fighters H5, for boosting the interest of its users. In the process of selection, the Group aims to generate maximum synergies with its existing game IPs.

    Strong Partnerships with Premium Game Publishers from around the World
    7Road has forged strong business ties with a number of premium game publishers worldwide. In China, it has partnered with Tencent, the leading China-based interactive entertainment conglomerate, to publish DDTank (mobile) on their distribution platforms and on Apple Inc.'s App Store. Since March 2017, the Group has also partnered with Garena Online, a leading online game publisher in Southeast Asia, to publish a number of regional versions of DDTank (mobile) in certain Southeast Asian countries and regions. As of the latest practicable date, it has partnered with more than 70 China-based and 30 overseas game publishers to operate online games in China and overseas.

    Future Development Plans

    7Road plans to strategically expand its business focuses to develop mobile games and H5 games to meet the rising demand by users for gameplay flexibility. The Group has in the pipeline eight proprietary mobile games and two proprietary H5 games. It also plans to launch H5 games including McDull Adventures (H5) and King of Fighters (H5) in the second half of 2018. As well, it will leverage nearly a decade's worth of valuable experience in developing and operating casual shooting games and SRPGs to continue developing new games in such genres. What is more, the Group will seek opportunities to expand its game offerings in these two genres by acquiring relevant companies, IPs or other assets.

    With regard to product offerings, the Group aims to continue expanding and diversifying its portfolio through in-house development and collaboration with third parties, including outsourcing attractive IPs from third parties for its game development; operating games developed by third parties; and making equity investment in high-caliber game development studios. Leveraging its data analytics capabilities, the Group plans to place target advertisements in its games for third-party advertisers, as well as to cross-promote its game products based on individual user profile and gameplay data.

    The Group will also seek to continue enhancing its presence in existing geographical markets through collaboration with its current local partners and by seeking cooperation with new partners, for example, working with major social networks with high user traffic, such as Facebook, to market its games. At the same time, 7Road will selectively acquire, invest in or pursue strategic partnerships with qualified game developers and game development studios so as to expand its game portfolio and bolster its game development capabilities.

    Use of Proceeds

    Assuming the offer price is fixed at HK$1.86 per share (being the midpoint of the indicative offer price range), the net proceeds of approximately HK$1,148.4 million from the offer will be used as follows:

    Items / Percentage
    Fund the Group's research and development efforts in respect of developing proprietary online games and other IPs: 30%
    Acquire popular IPs or other related assets from overseas or China-based popular IP providers, or invest in or acquire overseas or China-based popular IP providers: 30%
    Invest in game developers and publishers: 20%
    Fund the Group's game publishing business, which includes payments for royalties and commissions in respect of licensed games: 10%
    Working capital and other general corporate purposes: 10%

    Financial Performance

    RMB'000 For the year ended December 31
    2015 2016 2017
    Revenue 375,611 403,151 445,295
    Gross profit 312,730 359,550 407,414
    Gross profit margin (%) 83.3 89.2 91.5

    About 7Road Holdings Limited
    7Road Holdings Limited ("7Road" or the "Group") is a leading online game developer and operator in China, and casual shooting games and strategy role-playing games ("SRPGs") are its main focus. It boasts global business coverage with its games in 21 languages published in over 100 countries and regions. The Group's two flagship web game titles, DDTank and Wartune, are market favorites. To date, the Group has launched 15 proprietary games, including 12 web games, two mobile games and one H5 game, and it also has a robust pipeline of ten proprietary games. The Group has strong long-term business relationships with more than 100 premium game publishers worldwide, including Tencent, Garena Online, etc.

    Media Enquires:
    Strategic Financial Relations Limited
    Cindy Lung Tel: (852) 2864 4867 Email: cindy.lung@sprg.com.hk
    Rita Fong Tel: (852) 2114 4939 Email: rita.fong@sprg.com.hk
    Stephanie Liu Tel: (852) 2864 4852 Email: stephanie.liu@sprg.com.hk
    Fax: (852) 2527 1196



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

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    Jointly Develop Chanhigh Naoshan High-Tech Industrial Park; Enhances Market Penetration

    HONG KONG, Jun 29, 2018 - (ACN Newswire) - Chanhigh Holdings Limited ("Chanhigh" or the "Group"; stock code: 2017) today signed an investment and development agreement ("the Agreement") with the People's Government of Qingzhou City, Shandong Province ("Qingzhou Municipal Government") to jointly develop the Chanhigh Naoshan High-Tech Industrial Park.

    Pursuant to the Agreement, the Qingzhou Municipal Government will provide a piece of industrial land of approximately 2,001,000 square meters at a unit price of no more than RMB120 per square meter in the Naoshan Economic Development Zone in Qingzhou City for developing the Chanhigh Naoshan High-Tech Industrial Park (the "Park"). The Group will be responsible for investment, development, operation and promotion of the Park. The first phase of the Park will be on a site of no less than 600,300 square meters. In addition, the Group is required to bring into the Park at least one headquarters project before the end of 2018 and also attract a minimum of five enterprises to set up operations in the Park within three years. As for the Qingzhou Municipal Government, it shall retain part of the tax enterprises in the Park are to pay in the first five years and the full amount will be granted to the Group.

    As an industry leading integrated construction enterprise, the Group has been active in pushing for market penetration drawing on its unique experiences and qualifications. The Agreement will enable the Group to strengthen strategic cooperation with the Qingzhou Municipal Government, expand business coverage and reinforce its core competitiveness. Furthermore, the development and operation of Chanhigh Naoshan High-Tech Industrial Park will also present synergies and new development opportunities to the Group and see it improve overall business performance in the long run.



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

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    As a Vote of Confidence in the Company's Future Development

    HONG KONG, Jun 29, 2018 - (ACN Newswire) - Ausnutria Dairy Corporation Ltd ("Ausnutria" or the "Company", together with its subsidiaries, the "Group"; stock code: 1717.HK), a company engages in the research and development, production and distribution of all dairy products (including infant formula) and nutrition products with production facilities principally based in the PRC, the Netherlands, Australia and New Zealand, is pleased to announce the direct or indirect increase in stake by Mr. Yan Weibin ("Mr. Yan"), the chairman, Mr. Bartle van der Meer ("Mr. van der Meer"), the Chief Executive Officer, Mr. Wong Wei Hua Derek, the Chief Financial Officer, and several senior management (the "management"), through the acquisition of 81,102,615 shares of Ausnutria held by Dutch Dairy Investments HK Limited ( "DDI HK") which represents 50% of the 162,205,615 shares of Ausnutria currently held by DDI HK. This indicates the management's confidence in the Company's investment value and future development.

    The management acquired 81,102,615 shares of Ausnutria (representing 6.09% of the total issued share capital of the Company) from Mr. Jorna Ignatius Petrus ("Mr. Ids"), the original shareholder of DDI HK and one of the original management of Ausnutria Hyproca on 22 June and 28 June 2018 respectively. Total consideration involved amounted to approximately HK$466 million. After the transaction, the shareholding of Mr. Yan and Mr. van der Meer increased from 107,739,085 shares to 119,739,085 shares and from 81,902,615 shares to 125,005,230 shares respectively. Their direct and indirect shareholding ratio rose from 8.09% to 8.99% and from 6.15% to 9.38% respectively. The 81,102,615 shares were acquired by Mr. Ids as a result of the swap of 49% interest in Ausnutria Hyroca in 2015. Mr. Ids was the Chief Executive Officer of Ausnutria Hyroca prior to his retirement in 2012. Based on the understanding by the Company, Mr. Ids made the above disposal due to his own retirement planning.

    Ausnutria announced a positive profit alert for the seventh consecutive time in earlier days, indicating the continuous improvement of its performance. The Group's profit attributable to equity holders of the Company in the first quarter of 2018 amounted to approximately RMB100 million, representing an increase of 59.8% when compared with the corresponding period in 2017. The Group recorded revenue of approximately RMB1,200 million, representing an increase of 56.8% when compared with the corresponding period in 2017. These indicate that the effective adjustment and layout centered in own-branded infant formula, improving upstream industry chain and sales network and clear brand position enable the Group to meet the growing market demand, driving the business and investment value of the Group to improve constantly.

    Mr. Yan Weibin, Chairman and Executive Director of the Group, said "The active acquisition of Company shares by the management fully demonstrates the core management 's confidence in the international strategic layout, business performance and prospects of Ausnutria and their commitment to supporting the Group's sustainable growth. In the future, we will seize the enormous opportunities brought by national policies, continue our effort in developing the global market, constantly strive for market and consumer recognition with our high-quality products , achieve ever-expanding growth, in order to move further towards our vision - 'To become the most trustworthy milk formula, nutrition and health-care enterprise in the world', as well as consolidate Ausnutria's leading position in the industry and provide shareholders with a sound and long-term return."


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

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            In August, an Android version will be rolled out while the iOS version will be rolled out in September

            The integration of the Chat Community Monetisation Model (CCM) will be completed across all platforms by October

            Consentium coins (CSM) are currently listed on HitBTC and will be listed on CMC Markets, followed by KuCoin in the coming months

            With 15 years of experience in the social media networking application and platform field, Ekaterina Skorobogatova has held roles at Facebook, Instagram and WhatsApp, now joins the team as an Advisor

    Singapore, July 02, 2018 - Consentium, a multi-digital-currency and group monetisation chat application, has today announced an updated roadmap which includes details on its app launch and latest addition to its leadership team. This follows its successful Token Generation Event (TGE) earlier in April this year.

    Consentium allows peer-to-peer (P2P), multi-digital-currency and C2C (consumer-to-consumer) transfers between users. It offers a transactional fee redistribution program as an incentive to create and cultivate strong in-app communities. Consentium uses a reward system based on creation of quality community groups – comprising both amount of users, as well as in-app reputation of users.

    In an effort to cultivate and engage users, the Consentium app – which will first be rolled out on Android platforms on 1 August, followed by iOS on 10 September – will also be made available in English, Chinese, Korean, Japanese and Arabic. This underscores its intention to engage key markets in Asia where user mobile engagement rates are high and the cryptocurrency space has matured rapidly in recent months. Consentium also expects to fully integrate its Chat Community Monetisation Model (CCM) across all platforms by October 2018.

    The Consentium app will include two salient features to leverage on the popularity of mobile chat applications and the transactions of cryptocurrencies; the chat community and the multiple digital (C2C) currency wallet, which allows peer-to-peer interactions at both individual and group levels. The chat feature allows individuals to create, share, communicate and produce unique content through 1-to-1 chats with other individuals, or create chat groups and channels via communities for brands and influencers. This allows for multiple monetisation opportunities across one integrated platform, applicable to different communities.

    Joining the team to help drive these developments is Ekaterina Skorobogatova. Her 15 years of experience in the social media networking application and platform field will greatly contribute to the app’s development. She most recently led growth efforts at WhatsApp Inc., and prior to that, spearheaded the launch of Facebook in Russia. Ekaterina has also taken on other roles within Facebook and Internet Org, working in teams which focused on mobile growth and product development respectively.

    These updates build on the existing momentum Consentium has achieved in the past two months. MegaXstore, a Singapore-owned multi-label store now accepts Consentium coins (CSM) as a payment currency for its products having announced a partnership in April. CSM is also now listed on HitBTC.com, the world’s most advanced cryptocurrency exchange, and will soon be listing on CMC Markets, followed by KuCoin. Listing on HitBTC will support the ongoing liquidity of CSM and enhance its utility by allowing consumers and potential users of the Consentium app gain easy access to the tokens.

    Interested users may visit its website at www.consentium.net and view its whitepaper to learn more about its groundbreaking features and capabilities.

                    -ENDS-

    About Consentium

    Consentium is a new chat application, which is the first to reward its users with cryptocurrency for virtually any group or community they create. The cryptocurrency, Consentium Coins (CSM), generated on the platform are based on the Ethereum platform, which is the world’s largest leading smart contract blockchain.

    For Media Enquiries

    PRecious Communications for Consentium

    T: (65) 6303 0567

    E: consentium@preciouscomms.com

     

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

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