Legend Holdings' buyout unravels new model of China-EU co-op

July 4, 2018, 9:07 pm

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HONG KONG, Jul 5, 2018 - (ACN Newswire) - According to China Daily, After 10 months' supervision proceedings, Legend Holdings finally got the green light to the buyout deal of the Banque Internationale a Luxembourg (BIL) from the financial regulators of EU, Luxembourg and China. The founder of Legend Holdings and the iconic IT giant Lenovo, Liu Chuanzhi sees this transaction as another milestone breakthrough, after Lenovo's famous acquisition in 2004.

However, this deal means more than adding a new member to the balance sheet of Legend Holdings, it also signals a shift of the Chinese companies' overseas investment paradigm, from gathering resources to enabling foreign businesses. This for sure indicated a new phase and new possibilities between China-EU cooperation.

A new deal by Legend Holdings

In the latest Legend Holdings' filing in Hong Kong, the acquisition, after approval, accounts for Precision Capital's 89.936% stake in Banque Internationale a Luxembourg (BIL) for 1.53 billion euros, while the Grand Duchy of Luxembourg will keep its 9.993% ownership of BIL.

Liu Chuanzhi reiterated to the press that the deal is "a long-term strategic investment for Legend Holdings". Legend Holdings is committed to providing the financial and operational support to maintain and grow the BIL brand domestically and internationally to achieve sustainable growth.

Upon the deal, Legend Holdings will retain the current governance and management of the bank, with Luc Frieden as BIL Chairman, Hugues Delcourt as CEO, and it will invest in BIL's people, support employment and provide international career opportunities.

"An important milestone" in EU-China co-op

"The fact that the European regulator approves this transaction, also shows that Chinese investments in Europe are welcome", Luc Frieden, Chairman of BIL, addressed the significance of the deal in Beijing, "and I think that is an important milestone for relations between Europe and China."

Most people couldn't figure out what happened in the following 10 months when Legend Holdings initially released the acquisition in Sep 2017, with the transaction pending regulatory body's final approval. Unfortunately, in the past ten months, the global economy and trade have suffered drastic turbulence, sometimes flip-flop trade policies, trade barriers, even annoying tariff spats.

However, European countries are expressing their willingness to enhance co-op and ties with China, with German Chancellor Angela Merkel having visited China 11 times, a number more than that of her visit to the US. What's more, French President Emmanuel Macron, British Prime Minister Theresa May, Dutch Prime Minister Mark Rutte and Austrian President Alexander Van der Bellen visited China in past months, not only for enhancing political trust, but also for a more robust business cooperation with China in all aspects.

Therefore, Legend Holdings' acquisition of BIL is a miniature of China-EU co-op.

Although it's widely believed that the regulation of Chinese companies' overseas investments is tightening, the accomplishment of Legend Holdings' BIL case still shows, to some extent, the support of Legend Holdings' attempt from the Chinese financial regulatory body, as well as signaling China's impulse to ameliorate its's overseas investment structure and influence.

Win-Win deal of Chinese investments

Chinese companies are changing the investment paradigm from absorbing resources and offering markets, to a more balanced philosophy - Chinese companies also providing and contributing to the overseas markets, especially to the backdrop of China's domestic supply-side reform and the Belt and Road initiatives. That shift is absolutely aimed at an all-win situation. Legend Holdings' acquisition of BIL is a prototype and example of the all-win scenario.

To be specific, BIL is an ideal asset for investor - BIL, with over 100 years' operation in Europe, keeps steady growth, renowned branding and unique understanding of its clients all over the continent. "What's more, the transaction could bring Legend Holdings a new pillar asset in the financial services sectors, with BIL's total assets of approximately 23.8 billion euros, and that would enhance the overall value and financial stability for Legend Holdings." said LI Peng, senior vice president of Legend Holdings.

LI also addressed the geographical importance of BIL as a gateway for foreign companies to get entrance into EU markets.

As of the other side of the multi-win coin, investment and management experiences, as well as Legend Holdings' repository of invested projects on Fintech, Artificial Intelligence, and big data are the very elements that BIL sees as critical and potential cross-over fields.

What's more, the reputation and VC/PE projects and enterprise libraries of Legend Holdings accumulated in the past three decades could also be a treasure for BIL to achieve more cross-over growth.

Unlike the acquisitions of hotels and other real estate assets by Chinese companies years ago, analysts on China describe the status quo as an upgraded China-EU cooperation, featuring a more collaborative, cooperative and mutually-beneficial model.

Undoubtedly, it's the right time to discuss the future cooperation pattern between China and European countries, when the global enterprises need more than Chinese market, but also the innovation, unique insights and accurate understanding of the business model of China.

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Shares of Steve Leung Design Group Limited Commence Trading on The Main Board of SEHK

July 4, 2018, 10:42 pm

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Mr. Xu Xingli, Non-executive Director and Chairman of Steve Leung Design Group Limited (left), and Mr. Steve Leung, Founder of Steve Leung Design Group Limited (right) strikes the ceremonial gong to celebrate the commencement of trading of the Company's shares on the Main Board of the SEHK.

Mr. Steve Leung, Founder of Steve Leung Design Group Limited, (right), presents a unique painting drawn by one of the SLD Group's colleagues who is a famous graffiti artist in Hong Kong which demonstrates a combination of SLD impression as a souvenir to Ms. Catherine Yien, Member, Listing Committee, The Stock Exchange of Hong Kong Limited (left).

Closes at HK$1.15 per Share on the First Trading Day;
Surges 30% against the Offer Price

HONG KONG, Jul 5, 2018 - (ACN Newswire) - Shares of Steve Leung Design Group Limited ("SLD Group" or "the Group"; stock code: 2262), an award-winning and internationally renowned interior design services and interior decorating & furnishing services provider headquartered in Hong Kong, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.

SLD Group's public offering received overwhelming response, with the shares about 125 times over-subscribed.

https://www.acnnewswire.com/topimg/Low_SLD20180705-1.jpg
Photo1: Mr. Xu Xingli, Non-executive Director and Chairman of Steve Leung Design Group Limited (left), and Mr. Steve Leung, Founder of Steve Leung Design Group Limited (right) strikes the ceremonial gong to celebrate the commencement of trading of the Company's shares on the Main Board of the SEHK.

https://www.acnnewswire.com/topimg/Low_SLD20180705-2.jpg
Photo2: Mr. Steve Leung, Founder of Steve Leung Design Group Limited, (right), presents a unique painting drawn by one of the SLD Group's colleagues who is a famous graffiti artist in Hong Kong which demonstrates a combination of SLD impression as a souvenir to Ms. Catherine Yien, Member, Listing Committee, The Stock Exchange of Hong Kong Limited (left).

https://www.acnnewswire.com/topimg/Low_SLD20180705-3.jpg
Photo3:
(Left to right)
1. Mr. Lan Wen, General Manager of Dongxing Securities (Hong Kong) Company Limited
2. Mr. Kenneth Chong, Partner of Pinsent Masons
3. Ms. Sandra Sze, Partner of Deloitte Touche Tohmatsu
4. Ms. Galaxie Kau, Executive Director of SLD Group
5. Mr. Ding Chunya, Executive Director of SLD Group
6. Mr. Sun Yansheng, Independent Non-executive Director of SLD Group
7. Mr. Kevin Yip, Executive Director and Chief Financial Officer of SLD Group
8. Mr. Xu Xingli, Non-executive Director and Chairman of SLD Group
9. Mr. Steve Leung, Founder of SLD Group
10. Mr. Kenny Siu, Executive Director and Chief Executive Officer of SLD Group
11. Mr. Liu Yi, Independent Non-executive Director of SLD Group
12. Mr. Eugene Tsang, Independent Non-executive Director of SLD Group
13. Mr. Xie Jianyu, Non-executive Director of SLD Group
14. Mr. Jim Lui, Managing Director at Investment Banking Department of Dongxing Securities (Hong Kong) Company Limited
15. Mr. Ronny Chow, Partner of Deacons

About Steve Leung Design Group Limited
Steve Leung Design Group Limited is an internationally renowned and award-winning interior design and interior decorating & furnishing company founded in 1997 by Mr. Steve Leung. Headquartered in Hong Kong, the Group has branch offices in Beijing, Shanghai, Guangzhou, Chengdu and Shenzhen, and with over 500 staff. The Group is second largest interior design services providers which did not provide any fitting-out services in the PRC and Hong Kong in terms of revenue for FY2017.

The Group has a wide spectrum of design projects that have been accredited with design awards in Asia Pacific region and worldwide. Overseas award-winning projects include Yuan at Atlantis The Palm, The Eight at Grand Lisboa Hotel in Macau; PRC projects include: One Park Shanghai, One Shenzhen Bay, Nanjing Mandarin Palace and Tang Island; and Hong Kong projects include: MX, yoo Residence II and more. The Group has become part of Jangho Group since 2014.

Media Enquires:
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
Rita Fong Tel: (852) 2114 4939 Email: rita.fong@sprg.com.hk
Yoko Li Tel: (852) 2864 4813 Email: yoko.li@sprg.com.hk
Fax: (852) 2527 1196

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Mitsubishi Shipbuilding Holds Christening and Launch Ceremony for Taiheiyo Ferry in Shimonoseki

July 4, 2018, 10:54 pm

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- New Kitakami Will Go into Service on Regular Route between Nagoya, Sendai, and Tomakomai -

- "Space Travel" design concept adopted to enhance enjoyment of ship travel experience
- Near 10% increase in energy efficiency compared to earlier vessel
- Ceremony to be held at Shimonoseki Shipyard's Enoura Plant, with completion scheduled for January 2019

TOKYO, Jul 5, 2018 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening and launch ceremony yesterday for Taiheiyo Ferry Co., Ltd's "Kitakami". The vessel will replace the old Kitakami, one of three large ferries providing regular service between the ports of Nagoya, Sendai, and Tomakomai (Hokkaido). By eliminating the large shared cabin, the new ship-carrying on the Kitakami name-will ensure passenger privacy and offer enhanced comfort features. After completion and delivery in January 2019, the new ferry will initially head to port in Nagoya.

The well-attended ceremony was held at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. After the formal christening by Taiheiyo Ferry President Yutaka Shiho, the ceremonial rope cutting was performed by three women with close ties to the three ports of call on the Kitakami's regular route.(1)

Construction of the new Kitakami ferry went underway on September 7, 2017. Featuring eight stories, the vessel is 192.5m in length, 27m wide, and has a gross tonnage of approximately 14,000 tons. The vehicle's decks, occupying the first through fifth stories, have capacity to hold 166 trucks and 146 passenger cars. The sixth and seventh stories are passenger floors with capacity to accommodate 535 persons, including cabins, a restaurant and a large public bath affording outside views. Located on the uppermost eighth story is a bridge and space for the crew. The new Kitakami is the sixth vessel constructed for Taiheiyo Ferry, following delivery of the Ishikari, which travels the same route in March, 2011.

The Kitakami's design concept is "Space Travel." In coordination with the ferry's operation schedule, where passengers board in the evening and travel overnight, the ship was designed to suggest travel through a star-studded sky. To create spaces that, though compact, offer outstanding comfort and enjoyment, eleven cabin types are incorporated. With the exception of private cabins, all rooms replacing the earlier large shared cabin feature capsule-type beds. For environmental harmony, roughly a 10% increase in energy efficiency has been achieved through the adoption of a new, optimal hull type. Construction was subsidized under a program jointly operated by the Ministry of Economy, Trade; and Industry (METI), and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), and targeted at saving energy in the transportation sector (trucks, ships, etc.).

The new Kitakami will now be moored at the outfitting quay to undergo interior construction work. Once completed, delivery to Taiheiyo Ferry is scheduled for January 20, 2019. After preview showings in Nagoya, Yokohama, Sendai and Tomakomai, the new vessel will go into regular service on January, 25 from Tomakomai to Sendai.

Going forward, Mitsubishi Shipbuilding will continue to construct passenger ships, cargo carriers, and transport vessels that offer superlative transport capacity, comfort, fuel efficiency, and low emissions as it strives toward the vitalization of maritime transport and environmental protection.

(1) Saki Sato (Sendai Goodwill Ambassador 2018), representing Sendai; Motomi Kasai and Maroka Kobayashi (Haskap Lady), representing Tomakomai

About Mitsubishi Heavy Industries, Ltd.

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

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

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Invitation to HMS's second quarter conference call

July 4, 2018, 11:00 pm

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≪ Previous: Mitsubishi Shipbuilding Holds Christening and Launch Ceremony for Taiheiyo Ferry in Shimonoseki

Halmstad, SWEDEN, Jul 5, 2018 - (ACN Newswire) - HMS Networks AB (publ) will release its second quarter report 2018 on Thursday July 19th, 2018, at 08.00 CET.

On the same day, a conference call will be held for press and analysts, where President and CEO Staffan Dahlstrom and CFO Joakim Nideborn present the report.

The telephone conference starts at 11:00 CET. Information on details is available on:
https://www.hms-networks.com/ir

The presentation and recording of the telephone conference will be available on HMS' IR-site after the call. https://www.hms-networks.com/ir

For more information, please contact:
Staffan Dahlstrom, CEO HMS, +46 709-17 29 01
Joakim Nideborn, CFO HMS, +46 707-72 29 83

This information is such that HMS Networks AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation, the Swedish Financial Instruments Trading Act and the Swedish Securities Market Act. The information was submitted for publication at 12:00 CET on July 5, 2018.

HMS Networks AB (publ) is the leading independent supplier of products for industrial communication and remote management. Reported sales reached SEK 1,183 m in 2017 with more than 94 per cent outside Sweden. Development and manufacturing take place at the headquarter in Halmstad and in Ravensburg, Nivelles and Igualada. Local sales and support are handled by branch offices in Japan, China, Germany, USA, Italy, France, Belgium, Singapore, Spain, India, UK, Finland and Denmark. HMS employs more than 500 people and develops and manufactures solutions for connecting automation devices and systems to industrial networks under the Anybus(R), IXXAT(R) and Intesis(R) brand and products for remote solutions and control under the eWON(R) brand. HMS is listed on the NASDAQ OMX in Stockholm, category Mid Cap, Information Technology.

Attachment

PRM - HMS Invitation to the second quarter conference call (ENG)
https://bit.ly/2KvgKPI

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DOCOMO Develops World's First 360-degree 8K VR Live Video Streaming and Viewing System

July 4, 2018, 11:08 pm

≫ Next: Neoenergia Group Implements Energy Storage System in Fernando de Noronha Using NEC Technology

≪ Previous: Invitation to HMS's second quarter conference call

- Technology to be displayed at DOCOMO 5G Open Lab Yotsuya in Tokyo -

TOKYO, Jul 5, 2018 - (JCN Newswire) - NTT DOCOMO, INC. announced today that it has developed what is believed to be the world's first 8K virtual reality (VR) live video streaming and viewing system for showing live events in 360 degrees 8K VR video. A head-mounted viewing system creates highly realistic VR experiences for enjoying music and sporting events that allow viewers to feel as if they are actually at the venue.

The heavy demands of processing 4 x 4K video for real-time stitching and compression into 360 degrees 8K video is difficult to achieve with software. DOCOMO's solution was to use a field programmable gate array (FPGA) for extra-fast processing and an algorithm for high-density mounting (maximizes FPGA processing) at 30 frames per second (fps).

To view video in the head-mounted display, the 360 degrees 8K video is divided into multiple clipped videos (tiles) so that only the video corresponding to the user's viewing direction needs to be displayed. In addition, a Panorama Cho Engine encoder is used for devising algorithms that enable real-time operation, thereby reducing the processing demands for live transmission.

The system comprises equipment that stitches together five 4K fisheye videos from five outward-facing cameras in real time at 30fps, an 8K H.264 encoder for real-time compression, the real-time Panorama Cho Engine encoder to divide the 360 degrees 8K video into multi-direction tiles, and a server to transmit tiles according to the user's viewing direction.

This system will be exhibited at DOCOMO 5G Open Lab Yotsuya, which offers several 5G technologies for testing in collaboration with more than 1,500 companies participating in the DOCOMO 5G Open Partner Program.

Going forward, DOCOMO will continue to develop high-quality VR technology to create new entertainment experiences for the 5G era.

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

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Neoenergia Group Implements Energy Storage System in Fernando de Noronha Using NEC Technology

July 4, 2018, 11:17 pm

≫ Next: Eisai and Biogen Announce Positive Topline Results of the Final Analysis for BAN2401 At 18 Months

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The NEC system was chosen by Neoenergia Group and Lactec, responsible for project management, to serve as the basis for an R&D program in the archipelago off the coast of Brazil

TOKYO, Jul 5, 2018 - (JCN Newswire) - NEC Corporation announced today that its wholly-owned subsidiary, NEC Energy Solutions (NEC ES), is supplying the Neoenergia Group with NEC's DSS distributed storage solution. Once completed in August of 2018, the lithium-ion technology based system, along with NEC's proprietary software and energy storage control system AEROS, will be used in an R&D project to assist in demand charge management and firming of Fernando de Noronha's solar power generation. It will also assist in diesel fuel reduction to help preserve the natural environment of the island.

The proposal was presented by Celpe, of the Neoenergia Group, in response to a request from ANEEL (National Electric Energy Agency) in 2017. The installation of the energy storage system, under the project management of the Lactec Institutes and partners - IATI, UFMG, USP and TECSYS - has already begun and aims to find efficient and effective solutions for the storage and management of the energy generated throughout the day from two solar systems. The project also aims to find a sustainable and ecological way to replace energy generated by diesel, currently used in the archipelago at times when there is no sun. To date, there is no energy storage system in Fernando de Noronha that allows for the accumulation of energy generated throughout the day.

"The system includes NEC's DSS energy storage platform with lithium-ion battery technology in addition to a set of integrated power converters, all managed by NEC's proprietary software and energy storage control system (AEROS). The project draws on the company's experience gained from more than 250MW of projects installed around the world," said Roberto Murakami, NEC's director of energy solutions for Brazil. "The product is unique in the market because of its high capacity, in addition to being small and safe, which are very important characteristics considering it is an archipelago with reduced space and extensive preservation area. The development and commercialization of this type of solution is in line with the company's value proposition whose principle is to contribute to the evolution of society through innovative technology."

"The research and development project in Fernando de Noronha is expected to be completed in August of 2018, when the performance evaluation will commence for the next four years. The project aims to reduce the intermittent generation of energy from the island's solar farms in addition to helping reduce the consumption of diesel fuel to help preserve the local natural environment", said Jose Antonio de Souza Brito, corporate manager of R&D for the Neoenergia Group. "Our proposal was evaluated thoroughly by the sector's regulatory body, ANEEL, and we are quite optimistic that it will be a success. In fact, we are conducting studies for a potential extension of the current project scope to be put into practice at a later date."

According to Carlos Eduardo Ribas, commercial manager of the Lactec Institutes who will act as project manager, NEC was not only chosen for the product attributes of its DSS solution but because of the company's consultative approach in all aspects of the process which ultimately led to the identification of the best solution, specifically relevant to the unique needs of Fernando de Noronha. Additionally, NEC's DSS distributed storage solution works in small-sized enclosures - adding more safety, without affecting its energy characteristics, which proved to be one of the most efficient products on the market. Because of this it fully met the needs of the Fernando de Noronha archipelago project.

"This project is significant because it represents our first project in Brazil and is testament to our ever expanding global installed base. It also speaks volumes to the increasing acceptance of our DSS distributed storage solution," said Steve Fludder CEO of NEC Energy Solutions. "I'm particularly pleased a key reason we won this project was because of our consultative approach in helping the Neoenergia Group find the best solution for this project."

The DSS energy storage platform is optimized to support advanced service creation at the grid edge for C&I enterprises and distribution utilities. It simplifies the deployment of emerging storage-based services for C&I enterprises that optimize energy costs and increase energy resiliency, while distribution utilities benefit from smoother intermittent distributed renewable generation and shaved peak demand profiles.

The DSS platform is scalable from 85kWh to 510kWh of energy storage capacity and offers from 100kW up to 710kW of power capability. As a standardized, UL safety-certified, AC-ready system including power conversion system, the DSS product is preconfigured in outdoor-rated enclosures, compliant with all relevant regulatory and environmental requirements and is backed by up to a 10 year product warranty.

About Neoenergia Group

The Neoenergia Group is one of the largest Brazilian energy distribution companies and one of the largest in Latin America in number of customers, and the second largest by volume of energy distributed in Brazil, according to the Energy Research Company (Empresa de Pesquisa Energetica - EPE). Operating from an integrated platform, the company is present in every segment of the electricity sector: distribution, transmission (conventional and renewable), generation and sales of energy, with business in 15 Brazilian states. They provide sustainable energy to almost one-fifth of the population of Brazil, with a strong presence in the Northeast, one of the country's fastest-growing regions in terms of GDP and population.

About NEC Energy Solutions

NEC Energy Solutions designs, manufactures, and integrates smart energy storage solutions for the electric grid, behind the meter, and critical power applications. Its scalable distributed energy storage and control systems provide greater grid stability and flexibility to the benefit of both providers and users of electricity. In telecom, datacenter, and other industrial applications, its high performance lithium-ion battery systems provide better value than traditional lead-acid batteries in tough, critical power applications. Learn more at www.neces.com.

About NEC Corporation

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

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

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

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Eisai and Biogen Announce Positive Topline Results of the Final Analysis for BAN2401 At 18 Months

July 6, 2018, 2:31 am

≫ Next: ACROMEC Secures Contracts in Healthcare Pharma Industries Totaling S$6.2M

≪ Previous: Neoenergia Group Implements Energy Storage System in Fernando de Noronha Using NEC Technology

- The final analysis at 18 months of the 856 patient Phase II clinical study in early Alzheimer's disease demonstrated statistically significant slowing in clinical decline and reduction of amyloid beta accumulated in the brain
- First late-stage study data successfully demonstrating potential disease-modifying effects on both clinical function and amyloid beta accumulation in the brain
- New data provide compelling evidence to further support amyloid hypothesis as a therapeutic target for Alzheimer's disease

TOKYO, Jul 6, 2018 - (JCN Newswire) - Eisai Co., Ltd. and Biogen Inc. (NASDAQ: BIIB) announced positive topline results from the Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer's disease. The study achieved statistical significance on key predefined endpoints evaluating efficacy at 18 months on slowing progression in Alzheimer's Disease Composite Score (ADCOMS) and on reduction of amyloid accumulated in the brain as measured using amyloid-PET (positron emission tomography).

Study 201 (ClinicalTrials.gov identifier NCT01767311) is a placebo-controlled, double-blind, parallel-group, randomized study in 856 patients with mild cognitive impairment (MCI) due to Alzheimer's disease (AD) or mild Alzheimer's dementia (collectively known as early Alzheimer's disease) with confirmed amyloid pathology in the brain. Efficacy was evaluated at 18 months by predefined conventional statistics on ADCOMS, which combines items from the Alzheimer's Disease Assessment Scale-cognitive subscale (ADAS-Cog), the Clinical Dementia Rating Sum of Boxes (CDR-SB) scale and the Mini-Mental State Examination (MMSE) to enable sensitive detection of changes in early AD symptoms. Patients were randomized to five dose regimens, 2.5 mg/kg biweekly, 5 mg/kg monthly, 5 mg/kg biweekly, 10 mg/kg monthly and 10 mg/kg biweekly, or placebo.

Topline results of the final analysis of the study demonstrated a statistically significant slowing of disease progression on the key clinical endpoint (ADCOMS) after 18 months of treatment in patients receiving the highest treatment dose (10 mg/kg biweekly) as compared to placebo. Results of amyloid PET analyses at 18 months, including reduction in amyloid PET standardized uptake value ratio (SUVR) and amyloid PET image visual read of subjects converting from positive to negative for amyloid in the brain, were also statistically significant at this dose. Dose-dependent changes from baseline were observed across the PET results and the clinical endpoints. Further, the highest treatment dose of BAN2401 began to show statistically significant clinical benefit as measured by ADCOMS as early as 6 months including at 12 months.

BAN2401 demonstrated an acceptable tolerability profile through 18 months of study drug administration. The most common treatment emergent adverse events were infusion-related reactions and Amyloid Related Imaging Abnormalities (ARIA). Infusion related reactions were mostly mild to moderate in severity. Incidence of ARIA-E (edema) was not more than 10% in any of the treatment arms, and less than 15% in patients with APOE4 at the highest dose per the study protocol safety and reporting procedures.

Detailed results of the study will be presented at future academic conferences.

"The 18-month results of the BAN2401 trial are impressive and provide important support for the amyloid hypothesis," said Jeff Cummings, M.D., founding director, Cleveland Clinic Lou Ruvo Center for Brain Health. "I look forward to seeing the full data set shared with the broader Alzheimer's community as we advance against this devastating disease."

"This is the first late-stage anti-amyloid antibody study to successfully achieve statistically significant results at 18 months, further validating the amyloid hypothesis," said Lynn Kramer, M.D., Chief Clinical Officer and Chief Medical Officer, Neurology Business Group, Eisai. "We will discuss these very encouraging results with regulatory authorities to determine the best path forward. We continue to work towards the goal of delivering BAN2401 to patients and healthcare professionals as early as possible."

"The prospect of being able to offer meaningful disease-modifying therapies to individuals suffering from this terrible disease is both exciting and humbling," said Alfred Sandrock, M.D., Ph.D., executive vice president and chief medical officer at Biogen. "These BAN2401 18-month data offer important insights in the investigation of potential treatment options for patients with Alzheimer's disease and underscores that neurodegenerative diseases may not be as intractable as they once seemed."

As reported in December 2017, the study did not achieve its primary outcome measure which was designed to enable a potentially more rapid entry into Phase III development based on Bayesian analysis at 12 months of treatment. Upon the final analysis at 18 months using predefined conventional statistical method, the study did demonstrate a statistically significant slowing of disease progression on the key clinical endpoint (ADCOMS) after 12 months of treatment in patients receiving the highest treatment dose (10 mg/kg biweekly) as compared to placebo.

This release discusses investigational uses of an agent in development and is not intended to convey conclusions about efficacy or safety. There is no guarantee that any investigational uses of such product will successfully complete clinical development or gain health authority approval.

About Eisai

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

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

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ACROMEC Secures Contracts in Healthcare Pharma Industries Totaling S$6.2M

July 6, 2018, 3:30 am

≫ Next: Mitsubishi Shipbuilding Holds Christening Ceremony for Diamond Gas Rose, Next-Generation LNG Carrier

≪ Previous: Eisai and Biogen Announce Positive Topline Results of the Final Analysis for BAN2401 At 18 Months

SINGAPORE, Jul 6, 2018 - (ACN Newswire) - ACROMEC Limited ("ACROMEC", SGX:43F), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biomedical, research and academia sectors, has secured three new contracts totaling approximately S6.2 million.

The first contract is for additions and alterations to a new endoscopy suite at a medical centre for a repeat customer in the healthcare industry. The project will be carried out in two phases and is expected to be completed by the end of the current financial year ending 30 September 2018 ("FY2018"). This repeat order reflects our customer's trust in us to continue delivering quality services. The growing healthcare industry will continue to be our area of focus. Barring unforeseen circumstances, it will provide us opportunities, as this industry is supported by infrastructure spending by both the public and private sectors so as to cater to the needs of our ageing population in Singapore.

The second contract is awarded by a multinational corporation customer in the human and environmental health sector. The Group will undertake the process engineering works and also provide furniture for its testing, showcase and research laboratory facilities. This will be a fast paced three-month project and is expected to be completed by the end of FY2018.

In addition, a third contract has been awarded to the Group as the nominated sub-contractor for the fitting out of a cleanroom that complies with Good Manufacturing Practices standards for a biomedical company in the pharmaceutical industry. The contract is expected to be completed by the 1st quarter of the financial year ending 30 September 2019. This win is a testament that our efforts to penetrate the pharmaceutical industry has gained traction.

With these contracts, the Group's order book now stands at approximately S$18 million.

These contracts are expected to contribute positively to the earnings per share and net tangible assets per share of the Group for the FY2018.

None of the Directors of the Company has any interest, direct or indirect, in these contract, other than through their respective shareholdings in the Company. To the best of the Directors' knowledge, none of the controlling shareholders or substantial shareholders of the Company has any interests, direct or indirect, in these contracts, other than through their respective shareholdings in the Company.

About ACROMEC Limited (SGX:43F)

ACROMEC is an established specialist engineering services provider with more than 20 years of experience in the field of controlled environments. The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMEC's business is divided into two main business segments: (i) Engineering, procurement and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; and (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure.

The Group mainly serves the healthcare, biomedical, pharmaceutical, research and academia, and electronics sectors. ACROMEC counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies. For more information, please visit www.acromec.com.

Media and Analysts Contact:

Acromec Limited
Mr Jerry Tan
Chief Financial Office
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

Waterbrooks Consultant Pte Ltd
Mr Ng Tian Khean
Mobile: +65 9640 2808
Email: tk@waterbrooks.com.sg

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

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

The contact person for the Sponsor is Ms Alicia Sun (Telephone: +65 6532 3829) at 1 Robinson Road #21-02 AIA Tower, Singapore 048542.

↧

Mitsubishi Shipbuilding Holds Christening Ceremony for Diamond Gas Rose, Next-Generation LNG Carrier

July 5, 2018, 6:39 pm

≫ Next: The Executive Talk: TTW PCL (SET:TTW)

≪ Previous: ACROMEC Secures Contracts in Healthcare Pharma Industries Totaling S$6.2M

Christening Ceremony of "Diamond Gas Rose"

- Second "Sayaringo STaGE" Ship, for Cameron LNG Project in the U.S. -

- LNG carrying capacity and fuel performance significantly improved through enhanced hull structure and hybrid propulsion system
- Christening held at Nagasaki Shipyard; completion slated for August, on heels of first vessel delivered in late June

TOKYO, Jul 6, 2018 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, today held the christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for a joint venture of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line). The ship, named "Diamond Gas Rose", is the second "Sayaringo STaGE" type vessel, Mitsubishi Shipbuilding's newest carrier that achieves significant improvements in both LNG carrying capacity and fuel performance through adoption of a more efficient hull structure and an innovative hybrid propulsion system. After completion in August, the Diamond Gas Rose will join the Diamond Gas Orchid, the first vessel of the same type which was completed in late June, in service transporting LNG for the Cameron LNG Project, a project in the U.S. state of Louisiana in which Mitsubishi Corporation and NYK Line are jointly participating.

The well-attended christening ceremony was held at the Main Plant of MHI's Nagasaki Shipyard & Machinery Works, with a representative of the ship's owner among those present. Hiroki Sato, Senior Executive Vice President of JERA Co., Inc., proclaimed the formal christening. Tokyo-based JERA, a joint venture between the TEPCO (Tokyo Electric Power Company) Group and Chubu Electric Power Co., Inc., is supplier of the LNG to be carried by the Diamond Gas Rose. Mrs. Sato performed the ceremonial rope cutting.

The Diamond Gas Rose features LOA (length overall) of 293.5m, width of 48.94m, depth of 27.0m, and draft of 11.05m. Deadweight capacity is approximately 73,800 tons, and the total holding capacity of the tanks is 165,000m3. Launching took place on July 12, 2017. Construction was performed by Mitsubishi Heavy Industries Marine Structure Co., Ltd., a Nagasaki-based MHI Group company.

The Sayaringo STaGE is successor to the "Sayaendo," a vessel highly acclaimed for its improved Moss-type spherical tanks that deliver outstanding reliability. The adoption of apple-shaped tanks in the new Sayaringo STaGE has enabled an increase in LNG carrying capacity without changing the ship's beam, while incorporation of a hybrid propulsion system has significantly boosted fuel efficiency compared to the Sayaendo.

STaGE, an acronym deriving from "Steam Turbine and Gas Engines," is a hybrid propulsion system combining a steam turbine and engines that can be fired by gas. Efficient use of the engines' waste heat to drive the steam turbine results in substantial improvement in plant efficiency, enabling high-efficiency navigation throughout a full range of speeds.

Going forward, Mitsubishi Shipbuilding and Mitsubishi Heavy Industries Marine Structure will continue to contribute to stable energy supplies and environmental conservation through the construction of next-generation LNG carriers that offer superlative fuel efficiency and environmental performance.

About Mitsubishi Heavy Industries, Ltd.

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

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

↧

The Executive Talk: TTW PCL (SET:TTW)

July 5, 2018, 12:30 am

≫ Next: Hong Kong Investment Promotion chief visits Japan and Korea to promote Hong Kong's role in Guangdong-Hong Kong-Macao Bay Area

≪ Previous: Mitsubishi Shipbuilding Holds Christening Ceremony for Diamond Gas Rose, Next-Generation LNG Carrier

BANGKOK, Jul 5, 2018 - (ACN Newswire) - TTW PCL (SET:TTW) Managing Director, Ms. Walainut Trivisvavet discusses the company's strategy and outlook in The Executive Talk (TET) by ShareInvestor.com.

TET: Please explain TTW's business model.

TTW is Thailand's largest private tap water producer and distributor with a production capacity of 540,000 m3/day. We produce and distribute tap water to the Provincial Waterworks Authority (PWA) for two provinces, Nakorn Pathom and Samut Sakorn. We provide this service via two entities, firstly under TTW itself we were awarded to produce and distribute tap water in both the aforementioned mentioned provinces and specifically the Nakorn Chaisri, Sampran, Phuttamonthon, Krathumban and Muang Samutsakorn districts, structured as a Build Own and Operate (BOO) for 30 years until 2034. Under our fully owned subsidiary Pathum Thani Water Co., Ltd. (PTW) we have a Build Own Operate and Transfer (BOOT) structure for 25 years, expiring in 2023, it covers the entire Pathum Thai province and it's currently capacity is 488,000 m3/day.

TTW also provides a fully-integrated water management system, providing water production and wastewater treatment rights to Bang Pa-In Industrial Estate until 2039, with a maximum production capacity of 48,000 m3/day.

Finally in 2011, TTW invested in CK Power Plc, a holding company that invests in different companies in Thailand generating and distributing electricity in Thailand and Laos.

TET: TTW has consistently grown its revenues over the past decade, what were the key drivers for this?

The key reason is the continued development of the areas in which TTW operates and the overall development of Thailand as a country. As the city of Bangkok expanded, and continues to, there have been investments in new industrial estates, factories and residential projects all of which contributes to an increase in demand for water. We expect to see this trend continuing over the coming decade as a result of the country's infrastructure projects and extension of mass rail transit systems.

TET: How does TTW effectively manage quality assurance and what impacts does technology have upon your operations?

We constantly monitor the quality of water with our own internal lab and additional hire outsourced experts to confirm this. Technology is an important aspect of our monitoring as we employ SCADA, which stands for Supervisory Control and Data Acquisition, to map the water tubes, monitor the flows and we are able to advise the PWA on the existing and potential water leakage points within the system so that these issues can be managed.

TET: Is TTW looking to expand further domestically and internationally?

Yes, domestically we are expanding our capacity by an additional 100,000 m3/day at our Krathumban plant. We are hoping that we may expand further within the country in additional provinces. Internationally we are in discussions with parties in a few countries such as Myanmar and Sri Lanka. In Myanmar we expect that the contract should be a BOOT with a 30 year concession and two additional decades of potential increases however because the country has only recently opened up for international investment. It takes time to conclude such an agreement. In Sri Lanka we are going with our partners Ch. Karnchang Plc and Mitsui and hope to conclude a similar type of agreement as well.

TET: What type of CSR activities does TTW focus upon?

We have begun a 1 million tree planting project because we understand that water is essential for the life and forests are essential for water. Forests serve as our natural water collection, filtration and delivery systems by collecting rain and delivering it into streams and aquifers throughout the year. Forests are also key to flood control, absorbing and holding vast amounts during major rain events such as those increasingly seen with climate change.

TET: Where do you see TTW in five years from now?

We aim to continue to provide the same high quality of service to all our stakeholders as well as actively look for opportunities to expand the water business to neighbouring countries as well as to expand into energy and environment-related businesses.

About The Executive Talk Interview Series

The Executive Talk Interview Series is presented by ShareInvestor, Asia's leading financial internet media and technology company, the largest investor relations network in the region. Please visit www.ShareInvestorThailand.com. For more information, email admin.th@shareinvestor.com.

↧

Hong Kong Investment Promotion chief visits Japan and Korea to promote Hong Kong's role in Guangdong-Hong Kong-Macao Bay Area

July 9, 2018, 3:00 am

≫ Next: Mitsubishi Motors: Global-first Alliance Distribution Warehouse Open for Business in Australia

≪ Previous: The Executive Talk: TTW PCL (SET:TTW)

Mr Stephen Phillips

HONG KONG, Jul 9, 2018 - (ACN Newswire) - The Director-General of Investment Promotion, Mr Stephen Phillips, of the Hong Kong Special Administrative Region today (July 9) embarked on visits to Tokyo, Japan and Seoul, Korea to update the local business communities on the opportunities Hong Kong has to offer in the Guangdong-Hong Kong-Macao Bay Area (Bay Area) development.

Mr Phillips will speak at two seminars. The first seminar, entitled "'Belt and Road' and 'Greater Bay Area' Initiatives - Hong Kong's Important Role and Business Opportunities for Japanese Companies" is jointly organised by Invest Hong Kong and the Hong Kong Economic and Trade Office in Tokyo and will take place on July 11.

On July 12, he will speak at a seminar in Seoul entitled "Smart Innovative Hong Kong and the Guangdong-Hong Kong-Macao Bay Area", organised in collaboration with the Korea Trade-Investment Promotion Agency (KOTRA). During his stay in the two cities, Mr Phillips will also meet with business leaders from a wide range of sectors.

Speaking of the upcoming event, the Principal Hong Kong Economic and Trade Representative, Tokyo, Ms Shirley Yung, said, "Hong Kong has maintained very close and friendly relationships with Japan and Korea for many years. Through the two seminars in Tokyo and Seoul, we hope that Japanese and Korean companies will gain a better understanding of Hong Kong's many advantages and opportunities, and leverage on Hong Kong's strategic location to further expand their businesses."

Mr Phillips said, "Hong Kong sees unprecedented business opportunities lying ahead in the context of China's Belt and Road Initiative and the Guangdong-Hong Kong-Macao Bay Area development strategy. This is the most opportune time for foreign investors to come and leverage Hong Kong's advantages to drive business growth arising from these huge opportunities."

The Belt and Road Initiative offers the long-term prospect of transnational and intercontinental connectivity and will give rise to rewarding business prospects including new air, sea and land routes, additional ports, rails and roads connecting different regions, economic and trade pacts, and increased investment flow.

The Bay Area will serve as a powerful connection point for the Belt and Road. A cluster of nine flourishing cities in Guangdong Province together with Hong Kong and Macao Special Administrative Regions, the Bay Area has a collective population of over 68 million and a combined GDP of some US$1.5 trillion.

The "one country, two systems" arrangement ensures that Hong Kong retains its enduring advantages, including the rule of law and the independence of judiciary, free market mechanism, low tax regime, free flow of capital and information. "This makes Hong Kong an international city in China that can help connect the country with the rest of the world," Mr Phillips said.

He noted that the city can also help the country's drive to become a leading technology nation, especially in the context of the Bay Area development. Hong Kong has a very strong research and development capacity, which combined with Shenzhen's advanced manufacturing, will turn the Bay Area into an international innovation and technology hub, he said.

*The "Guangdong-Hong Kong-Macao Bay Area" refers to the PRC government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

About Invest Hong Kong

Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies enrolled as its clients. For more information, please visit www.investhk.gov.hk.

Media contacts:

Japan:
Carlos Yukio Sasaki
Head, Investment Promotion (Tokyo)
Tel: +81 3 3556 8961
Email: Y_Sasaki@hketotyo.gov.hk

Korea:
Young Ho Seo
Principal Consultant (Seoul)
Tel: +82 (0)2 508 8768
Email: YHSeo@investhk.com.hk

Hong Kong:
Antoine So
Head of Public Relations
Tel: +852 3107 1035
ASo@investhk.gov.hk

Eva Chan
Manager of Public Relations
Tel: +852 3107 1071
EChan@investhk.gov.hk

↧

Mitsubishi Motors: Global-first Alliance Distribution Warehouse Open for Business in Australia

July 9, 2018, 3:26 am

≫ Next: 2018 HERA - Hong Kong ESG Reporting Awards - Nominations Now Open

≪ Previous: Hong Kong Investment Promotion chief visits Japan and Korea to promote Hong Kong's role in Guangdong-Hong Kong-Macao Bay Area

- Recognized as "Best 5 All-Around Performance" Award Winner in Annual Study -

MELBOURNE, AUSTRALIA, Jul 9, 2018 - (JCN Newswire) - Renault-Nissan-Mitsubishi today announced the opening of a state-of-the-art National Distribution Centre in Melbourne, Australia.

The shared parts and accessories warehouse is a first for Alliance member companies, which globally sold more than 10.6 million vehicles in 2017. It is designed to maximise productivity, efficiency and accuracy in order fulfillment, allowing manufacturers to enhance service to their national dealership networks.

The facility will become the new master warehouse for Renault, Nissan and Mitsubishi Motors' national distribution network and will also service the INFINITI brand, which falls under the Alliance.

Based in the Melbourne suburb of Truganina, the purpose-built facility is strategically located between Melbourne's sea container terminal and the airport. The facility has direct access to all interstate roads, is over 37,000 square metres in size, and is part of a CEVA super site that is the largest logistics facility in the southern hemisphere.

"Today's grand opening is a significant milestone for the Alliance," said Kent O'Hara, global senior vice president of Aftersales for the Alliance.

"This shared facility is another example of how the Alliance continues to generate synergies to the benefit of our companies, customers and shareholders at a global level."

Housing more than 90,000 different parts, the Alliance National Distribution Centre manages 11 inbound sea containers daily, as well as airfreight and other local shipments. It brings in 2,500 parts each day, while eight B-double transporters - as part of a same day service - deliver 8,500 parts direct to dealerships.

Operating 24 hours a day and transporting parts across the entire country, the warehouse has space for approximately 100,000 parts and accessories. It includes a 677-square metre wet room with space for 700 pallets and employs over 90 staff.

One of the first six star Green Star built and accredited buildings in Australia, it has a roof-mounted solar system to provide renewable energy, high bay LED lighting with daylight and motion sensors, early suppression fast response sprinkler systems and a rain water system for bathroom and garden irrigation.

It also incorporates industry-leading technologies and processes for the fast and efficient movement of automotive parts and accessories. These include a dedicated area for the storage of hazardous liquids such as oils, transmission and break fluids, and the 10 container docks allow for high volume inbound and outbound shipments.

The Alliance National Distribution Centre will be fully operational in July 2018.

About Renault-Nissan-Mitsubishi

Groupe Renault, Nissan Motor and Mitsubishi Motors represent the world's largest automotive alliance. It is the longest-lasting and most productive cross-cultural partnership in the auto industry. Together, the partners sold more than 10.6 million vehicles in nearly 200 countries in 2017. The member companies are focused on collaboration and maximizing synergies to boost competitiveness. They have strategic collaborations with other automotive groups, including Germany's Daimler and China's Dongfeng. This strategic alliance is the industry leader in zero-emission vehicles and is developing the latest advanced technologies, with plans to offer autonomous drive, connectivity features and services on a wide range of affordable vehicles.

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

↧

2018 HERA - Hong Kong ESG Reporting Awards - Nominations Now Open

July 8, 2018, 6:00 pm

≫ Next: NEC to build the Bay to Bay Express Cable System

≪ Previous: Mitsubishi Motors: Global-first Alliance Distribution Warehouse Open for Business in Australia

HONG KONG, Jul 9, 2018 - (ACN Newswire) - The 2018 HERA - Hong Kong ESG Reporting Awards - is now accepting applications. The awards recognize outstanding companies in Hong Kong who have made positive impact in aspects of environment, social and governance (ESG) criteria.

The winners of HERA generally serve as benchmarks for other companies and are viewed as exemplary in sustainable business practices. HERA is a non-profit initiative. HERA is organized by Alaya Consulting, with Greeners Action as the beneficiary.

Tony Wong, organizer of HERA, stated: "With HKEX becoming more specific about the disclosure requirements under the comply or explain provisions, we believe it is critical to set the tone aiming to improving the reporting standard continuously."

After deducting administrative expenses, all entry fees will be donated to Greeners Action, a registered charity organization in Hong Kong promoting environmental protection.

Angus Ho, the Executive Director, stated: "The society is lacking information on ESG issues. It is time for corporates to strive for better disclosure on the above aspects. We believe the award will be able to encourage corporates to do so, as well as promote the industry standards and inspire innovative actions to tackle our environmental challenges."

The 2018 Hong Kong ESG Reporting Awards will be offered in 5 categories, including Best ESG Report, Excellence in GRI Reporting, Excellence in ESG Reporting for Non-listed Companies, Excellence in Environmental Disclosure and Innovative Front-runner. Participating organizations may submit entries in multiple categories. Entry submission deadline of HERA is 31 July.

Finalists will be announced on 31 August and the awards ceremony will be held on 20 September. HERA is open to all kinds of sustainability reporting, including Annual ESG Report, Integrated Report, and ESG Report within an Annual Report. Entries will be accepted for the most recent report published by an organization.

HERA is judged by an independent panel of experts including Angus Ho, executive director of Greeners Action, Dr. Yarime Masaru, associate professor of School of Environment and Energy at City University, Dr. K. K. Tse, co-founder of Dream Impact Hong Kong Limited, and Vincent Kong, sustainability manager of Sun Hung Kai Properties. Entries will be evaluated in three rounds based on criteria that include materiality, strategy, content, transparency, etc.

About HERA

Hong Kong ESG Reporting Awards is a not-for-profit initiative to recognize ESG reporting leaders in Hong Kong and to celebrate their best practices. Aiming to build trust among stakeholders, HERA welcomes applications from listed and non-listed companies in Hong Kong who follow exceptional practices in sustainability reporting. Please visit www.hkesgawards.com for further information and awards submission.

Media Contact:

HERA Organiser
Miu Wong / Regina Tai
Tel: +852 3990 0794 / 0792
Email: hera@alayaconsulting.com.hk

↧

NEC to build the Bay to Bay Express Cable System

July 8, 2018, 6:35 pm

≫ Next: Eisai: Results from Two Phase 3 Clinical Trials of Chronic Constipation Treatment "GOOFICE 5mg Tablet" Published in The Lancet Gastroenterology & Hepatology

≪ Previous: 2018 HERA - Hong Kong ESG Reporting Awards - Nominations Now Open

BtoBE Cable System route

- Bay to Bay Express to connect two of the biggest bay areas in the world -

TOKYO, Jul 9, 2018 - (JCN Newswire) - The Bay to Bay Express Cable System (BtoBE) consortium, composed of China Mobile International, Facebook and Amazon Web Services, signed an agreement with NEC Corporation (TSE:6701) to build a high performance submarine cable connecting Singapore, Hong Kong and the United States.

http://www.acnnewswire.com/topimg/Low_BtoBECableSystemroute.jpg
BtoBE Cable System route

Construction of the nearly 16,000-kilometer optical submarine cable is expected to be completed by the fourth quarter of 2020.

BtoBE, featuring multiple pairs of optical fibre, enables high capacity transmission of data across the Pacific Ocean with round trip latency of less than 130 milliseconds. BtoBE will further enhance and contribute to the much-needed expansion of communications networks between the Guangdong-Hong Kong-Macao Bay Area, San Francisco Bay Area and Singapore. This cable will be built with the most advanced optical submarine transmission equipment, thereby improving network redundancy, flexibility and ensuring highly reliable communications.

"NEC is honored to be selected by the BtoBE consortium as the turn-key system supplier for this world record-breaking optical fiber submarine cable system that covers the longest distance without regeneration. The BtoBE, landing at three locations spanning across the Pacific Ocean, is designed so that once completed, it can carry at least 18Tbs of capacity per fiber pair," said Mr. Toru Kawauchi, General Manager of the Submarine Network Division at NEC Corporation. "The BtoBE will provide seamless connectivity and network diversity, while serving to complement other Asia-Pacific submarine cables, among others."

About the BtoBE consortium

The BtoBE is a global consortium composed of telecommunications and technology companies, including China Mobile International; Facebook; and Amazon Web Services.

About NEC Corporation

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

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

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

↧

Eisai: Results from Two Phase 3 Clinical Trials of Chronic Constipation Treatment "GOOFICE 5mg Tablet" Published in The Lancet Gastroenterology & Hepatology

July 8, 2018, 7:07 pm

≫ Next: Cigna Releases Results of 2018 Cigna 360 Well-Being Survey

≪ Previous: NEC to build the Bay to Bay Express Cable System

TOKYO, Jul 9, 2018 - (JCN Newswire) - Eisai Co., Ltd., Eisai's subsidiary for gastrointestinal diseases EA Pharma Co., Ltd. and Mochida Pharmaceutical Co., Ltd. announce that results from two phase 3 clinical trials (a 2-week double-blind placebo-controlled phase 3 trial and an open-label single-arm 52-week long-term phase 3 trial) for the bile acid transporter inhibitor "GOOFICE 5mg Tablet" (nonproprietary name: elobixibat hydrate; development code: AJG533, hereinafter "elobixibat") have been published in The Lancet Gastroenterology & Hepatology(1)) a journal of The Lancet which is one of the world's most influential medical journals.

The 2-week double-blind clinical trial was a placebo-controlled, randomized, double-blind trial with 133 Japanese patients with chronic constipation. Patients were orally administered 10 mg of elobixibat or placebo once daily for 2 weeks. The elobixibat group demonstrated statistically significant improvements in the primary endpoint of change in spontaneous bowel movement(2) frequency, as well as in secondary endpoints including change in complete spontaneous bowel movement(3) frequency (the secondary endpoint), length of time between dosing and the first spontaneous bowel movement, compared to the placebo group. The major side effects were abdominal pain, diarrhea and other gastrointestinal symptoms. There were no serious side effects.

The 52-week open-label phase 3 clinical trial was a single arm trial to evaluate the efficacy and safety of long-term administration of elobixibat in 341 Japanese patients with chronic constipation. The initial dose was 10 mg once daily orally for 7 days. The dose was increased or decreased in the range of 5, 10 and 15 mg per day appropriately depending on the symptoms and given for 52 weeks. As a result, constipation-related improvements including spontaneous bowel movement frequency, complete spontaneous bowel movement frequency and stool consistency were observed as early as 1 week of administration, and the effects were maintained favorably through 52 weeks. The longer the dosing period, the higher patients' satisfaction relating to defecation tended to be. In addition, in all the JPAC-QOL(4)) scores, there were statistically significant declines(5)) compared to baseline. The major side effects were abdominal pain, diarrhea, lower abdominal pain and other gastrointestinal symptoms. A serious side effect (inguinal hernia) was observed in 1 patient.

The above clinical trial results were presented at Digestive Disease Week (DDW) 2018, June 2-5 in Washington D.C., USA.

Elobixibat was jointly developed by EA Pharma and Mochida. EA Pharma and Mochida distribute elobixibat under the same brand name "GOOFICE 5mg Tablet", respectively, in Japan. EA Pharma and Eisai jointly provide proper use information of "GOOFICE 5mg Tablet" under a co-promotion agreement.

EA Pharma, Eisai and Mochida strive to make a further contribution to improve QOL for patients with chronic constipation through maximization of the product value of "GOOFICE 5mg Tablet".

(1) Atsushi Nakajima et al. "Safety and efficacy of elobixibat for chronic constipation: results from a randomised, double-blind, placebo-controlled, phase 3 trial and an open-label, single-arm, phase 3 trial" The Lancet Gastroenterology & Hepatology; 2018; 3: 537-547
(2) Defecation that occurs without a laxative, enema or manual disimpaction
(3) Spontaneous bowel movement without a feeling of incomplete evacuation
(4) Japanese version of the Patient Assessment of Constipation Quality of Life questionnaire(PAC- QOL)
(5) Lower scores mean better quality of life

About elobixibat(Nonproprietary name: elobixibat hydrate; development code AJG533; brand name "GOOFICE 5 mg Tablet")

Elobixibat is a once-daily, orally available chronic constipation* treatment with a novel action mechanism. EA Pharma in-licensed this product from Albireo AB (Headquarters: Sweden) and obtained manufacture and marketing approval in Japan. Elobixibat inhibits the bile acid transporter that regulates reabsorption of bile acids thereby increasing the flow of bile acids to the colon. Elobixibat is the world's first pharmaceutical product approved for marketing with the above action mechanism. The dual action of moisture secretion and bowel movement promotion by bile acids can facilitate defecation.
*Excluding structural disease-caused constipation

About The Lancet Gastroenterology & Herpetology

The Lancet Gastroenterology & Hepatology is a journal of The Lancet journals, focusing on the gastroenterology and hepatology. The Lancet is one of the 5 most-impacting medical journals in the world.

About EA Pharma Co., Ltd.

EA Pharma Co., Ltd., a subsidiary of Eisai Co., Ltd. for gastrointestinal disease area, was established in April 2016 by integration of the gastrointestinal business unit with more than 60 years' history of the Eisai Group and the gastrointestinal business unit of the Ajinomoto Group having amino acid as its business core. EA Pharma is a gastrointestinal specialty pharma with a full value chain covering R&D, logistics and sales & marketing.

For more information on EA Pharma Co., Ltd., please see http://www.eapharma.co.jp/en/

About Mochida Pharmaceutical Co., Ltd.

Mochida Pharmaceutical Co., Ltd. has been committed to research and development of innovative pharmaceutical products since its establishment thereby providing distinctive medicines to the medical field. Currently, the core pharmaceutical business focuses resources on the targeted areas of cardiovascular, obstetrics and gynecology, dermatology, psychiatry and gastroenterology, while also providing medicine for intractable disease as well as generics including biosimilars, to meet medical needs.

For more information on Mochida Pharmaceutical Co., Ltd., please see http://www.mochida.co.jp/english/

About Eisai

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

Contact:
EA Pharma Co., Ltd. 
Corporate Planning Dept.
TEL: +81(0)3-6280-9802

Mochida Pharmaceutical Co., Ltd. 
Public Relations
TEL: +81(0)3-3358-7211

Eisai Co., Ltd.
PR Department 
TEL: +81(0)3-3817-5120

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Cigna Releases Results of 2018 Cigna 360 Well-Being Survey

July 8, 2018, 11:12 pm

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Jason Sadler, President of Cigna International Markets (middle), Ramsy Yeung, Chief Marketing Officer of Cigna Hong Kong (right), Eric Lai, Chief Executive Officer and General Manager of Cigna & CMB Life Insurance Company Limited (left) attended the press conference today.

Hong Kong's overall Well-being Index falls to its lowest since the annual survey began
Survey finds Hong Kong people are among top 5 most-stressed globally

HONG KONG, Jul 9, 2018 - (ACN Newswire) - Cigna Corporation's (NYSE:CI) Hong Kong business today announced the results of its annual Cigna 360 Well-Being Survey. The latest results of the survey show that Hong Kong's overall Well-being Index has fallen for the fourth consecutive year to its lowest since the annual survey began in 2015. In fact, out of all markets surveyed, Hong Kong has the second lowest health and well-being score. The index dropped from 58.6 in 2017 to 56.8 in 2018. Hong Kong people are also being ranked among the five most stressed populations in the world. The 2018 Cigna 360 Well-Being Survey explores people's perceptions and concerns across five key areas - physical, family, social, financial and work health.

Pace of life takes its toll

The Survey unveils that nearly everyone is stressed in Hong Kong (92 percent), particularly Millennials (95 percent). Factors such as work (39 percent) and finance (27 percent) are the primary causes of stress. Although 75 percent of respondents think their stress level is manageable, 17 percent of respondents say they cannot manage; and Millennials (aged 18-34) report a higher level of unmanageable stress, at 26 percent.

"Stress is a fact of modern life, and it is especially true in Hong Kong's fast-paced environment. Job insecurity, eagerness to climb the career ladder, and desire to own a home may explain why Millennials feel so stressed," said Yuman Chan, CEO and Country Manager, Cigna Hong Kong. "Nonetheless, the findings from the 2018 Cigna 360 Well-Being Survey could be alarming if many people do not know how to cope with stress. Knowing when and where to seek professional help is crucial, as prolonged stress may affect daily lives. It can be damaging to both physical and mental health, and affect relationships with friends and loved ones," said Chan.

Few seek professional help for stress

The Survey finds that seeking professional help for stress management is still uncommon in Hong Kong. Only 10 percent of stressed respondents say they have spoken to a medical professional about their stress. More than a third (36 percent) think they can handle stress on their own. Cost is the greatest barrier to seeking professional help (45 percent), while one in five Millennials are uncomfortable about opening up or discussing the matter with a stranger.

The Survey also finds that Hong Kong is one of the markets where employers' support for managing stress is minimal. Some 60 percent of respondents receive no support from their employers. For the remaining 40 percent receiving support, only 13 percent believe it is adequate. "Hong Kong people have accepted workplace stress as the norm. When it comes to health support from employers, they are very practical. They seek tangible benefits like dental and cancer coverage, rather than professional stress management assistance," said Chan.

As an active health and well-being partner, Cigna understands mental health and physical health are equally important. Cigna Hong Kong's HealthFirst Elite Medical Plan provides benefits for psychiatric inpatient and outpatient treatment1, with choices of different room types, a choice of deductible and area of coverage options, making it affordable for all walks of life. At the group level, Cigna Hong Kong offers its group customers its "Employee Assistance Programme," a 24-hour service hotline staffed by qualified and experienced counselors, social workers and clinical psychologists who can talk to members to help identify, potentially prevent, and resolve personal, psychological, social, family or work-related issues.

Social, Physical and Family well-being indices also fall

This year's Survey shows a decline in overall health and well-being, driven by substantial falls in Social and Physical wellness. The respondents lack quality time with friends or for hobbies. The inability to maintain a healthy body weight also takes its toll.

The lower Family well-being score stems from an increasing concern in the ability to take care of parents' health and financial needs in the long run, suggesting concern about better future preparation and medical protection. Financial well-being remains stable but still the weakest dimension, while Work well-being has improved slightly this year. There is gender disparity in Hong Kong, with women feeling under more pressure and feeling more pessimistic than men about Physical, Workplace and Finance well-being in particular.

Preparing for the golden years

Hong Kong's financial strain is most keenly felt across the region's 'sandwich generation' (35-49) who are juggling children, work and elderly parents. When it comes to their own aging, however, Hong Kong respondents seem better placed than other markets, with more than half surveyed seeing themselves ready for old age physically, socially and in terms of financial independence. The respondents also reveal a reliance on their own savings for retirement.

Like other mature economies, old age "invisibility" is a key concern for Hong Kong people. Almost one in three feel they will become isolated in old age, and one in five expects they will be living alone. A majority foresee their spouse will take care of them instead of their children (45 percent), while around one fifth (21 percent) think they will have no one to take care of them when they become old.

The 2018 Cigna 360 Well-being Survey is Cigna's most global Survey yet, drawing on 14,467 online interviews conducted from February to March 2018 across 23 countries and territories. 500 respondents came from Hong Kong. The full report can be downloaded here.

Notes:
1. The above mentioned benefits are subject to terms and conditions. Please refer to the relevant product brochure and policy provision for more details.

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

MEDIA CONTACTS:
Cigna Worldwide Life Insurance Co. Ltd. & Cigna Worldwide General Insurance Co. Ltd.
Heidi Lee
Tel: (+852) 2539 9456
Email: heidi.lee@cigna.com

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TAIFEX Expands Commodity Product Portfolio with Debut of Brent Crude Oil Futures

July 8, 2018, 11:30 pm

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TAIPEI, TAIWAN, Jul 9, 2018 - (ACN Newswire) - The Taiwan Futures Exchange (TAIFEX) has launched its first energy futures contract - Brent Crude Oil Futures. Based on the world's leading oil benchmark, ICE Brent Index, TAIFEX's new product is cash settled, Taiwan Dollars (TWD) denominated, and features small-sized contracts, which lower the barrier of entry for investors seeking to mitigate risks in the international oil markets.

The listing was marked by a launching ceremony attended by guests from its international partner - ICE Futures, as well as representatives from regulators and the futures industry.

Dr. Len-Yu Liu, Chairman of TAIFEX said, "We are extremely pleased to work with ICE Futures Europe for launching Brent Crude Oil Futures in Taiwan. Our new product allows investors to pay their margins directly in TWD without any currency conversion, and greatly facilitates the trading and hedging needs of investors."

TAIFEX's Brent Crude Oil Futures contract is 200 barrels (31,797.46 liters), and available for trading in both regular and night session (8.45am to 1:45pm and 3.00pm to 5.00am of the next day).

"This allows investors to respond to policy changes and price movements in volatile energy markets, which occur mostly in the European or US time zones. Similar to TAIFEX's DJIA Futures' performance at our night session, the new product also has great potential for growth, and will further link Taiwan's capital market with the pulse of international finance", said Dr. Liu.

On 3 July 2018, TAIFEX also hosted a Forum on the Overlook of Taiwan's Capital Market, which bought together all major players in the Taiwan futures market. Guest speaker, Mr. Lucas Schmeddes, President and COO of ICE Futures Singapore, joined Mr. Allen Lin, Senior Vice President of TAIFEX, to discuss trends in the global energy market.

About Taiwan Futures Exchange
Taiwan Futures Exchange (TAIFEX), established in 1997, provides a wide range of futures and options products in equity indices, interest rates, equities, commodities and currencies. TAIFEX has continuously enhanced its technology and services in trading, clearing and settlement to ensure a fair and orderly marketplace. With a vision to be a world-class exchange befitting the fast-evolving marketplace, TAIFEX is poised to extend its global reach and stands as a primary derivatives exchange in Asia. For further details, please visit TAIFEX website at www.taifex.com.tw.

Full press release, with Appendix, can be viewed at http://www.acnnewswire.com/clientreports/598/TAIFEX.pdf

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Ziyuanyuan Holdings Group Limited Successfully Listed On the GEM Board of the Stock Exchange of Hong Kong

July 9, 2018, 12:31 am

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Ziyuanyuan Holdings successfully listed on the GEM Board of the Hong Kong Stock Exchange Picture shows Mr. Zhang Junshen, Chairman, Chief Executive Officer and Executive Director

Mr. Zhang Junshen, Chairman, Chief Executive Officer and Executive Director of Ziyuanyuan Holdings Group Limited,makes a speech at the listing ceremony.

Mr. Zhang Junshen, Chairman, Chief Executive Officer and Executive Director of Ziyuanyuan Holdings, together with management team, Listing Committee Member of the Hong Kong Stock Exhchange and guests lead the taking a picture at the listing ceremony.

First Day Closed at HK$1.57, HK$0.81 Higher Than the Offer Price; Representing an Increase of 106.58 %

HONG KONG, Jul 9, 2018 - (ACN Newswire) - Ziyuanyuan Holdings Group Limited ("Ziyuanyuan Holdings" or the "Company", together with its subsidiaries, the "Group", stock code: 8223.HK), a finance leasing service provider to SMEs in the PRC, today announced the successful listing of the Company on the GEM Board of The Stock Exchange of Hong Kong Limited ("SEHK"). Shares of Ziyuanyuan Holdings were actively traded on the first trading day. Its share price closed at HK$1.57 with an intra-day high of HK$1.75 per share, up 106.58% compared with the offer price of HK$0.76. A total of approximately 36.60 million shares were traded, with an aggregate turnover of approximately HK$55.12 million.

Mr. Zhang Junshen, Chairman, Chief Executive Officer and Executive Director of Ziyuanyuan Holdings Group Limited, said, "We are very grateful for the support and attention from all the investors. Getting listed on the Hong Kong Stock Exchange is an important milestone in the Company's development. The keen response to our share offer proves investors' trust in the Company. Listing in Hong Kong does not only allow the company to enter into an international capital platform but also provides sufficient funds for the long-term development of the company to grasp future development opportunities in the industry. Ziyuanyuan Holdings will continue to strengthen our key market player position in the finance leasing industry in China and leverage on our competitive advantages in customized service provision, prudent risk management and our OA system, to enhance our overall competitiveness and market shares, further strengthen our market position in our target industries of printing and logistics in China, and generate investment returns for our shareholders and drive our sustainable growth."

Mr. Zhang Junshen concluded, "The listing of Ziyuanyuan Holdings today marked an important milestone for the Company's entry into the international capital market. We are honored to receive enthusiastic support from international investors during the global offering.With our leading market position and long-term innovative growth strategy, Ziyuanyuan Holdings will be able to capture these opportunties and explore new business opportunities and markets."

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Hong Kong Fashion Week for Spring/Summer Opens

July 9, 2018, 1:00 am

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Under the theme "Happy Collage", about 15 fashion events are being held during the fair, including fashion shows, trend forecasting seminars, buyer forums and a networking reception, presenting the latest market intelligence and fashion items.

"Corporate Fashion and Uniforms" Zone Debuts; "Fashion Tech" Zone Explores the Latest Technological Application

HONG KONG, Jul 9, 2018 - (ACN Newswire) - The 25th Hong Kong Fashion Week for Spring/Summer opened today at the Hong Kong Convention and Exhibition Centre and will run until 12 July. Organised by the Hong Kong Trade Development Council (HKTDC), the show gathers around 1,100 exhibitors from 14 countries and regions, serving as an ideal one-stop sourcing platform for the industry. Exhibits feature the latest fashion designs, international brands, garments, fabrics and accessories.

Under the theme "Happy Collage", about 15 fashion events are being held during the fair, including fashion shows, trend forecasting seminars, buyer forums and a networking reception, presenting the latest market intelligence and fashion items. This year's show also features new exhibitors from Singapore, Sri Lanka and the United States; along with 9 pavilions including India's Apparel Export Promotion Council and The Synthetic & Rayon Textiles Export Promotion Council, the Chinese mainland's Haining, Humen and Keqiao, Japan, Sri Lanka and Thailand's Department of Industrial Promotion and Thailand Textile Institute.

Abundant choices at the new "Corporate Fashion and Uniforms" zone

Responding to growing demand for professional image building and workplace uniforms, the fair this year introduces the new "Corporate Fashion and Uniforms" zone to provide a wide range of choices for the hospitality, food and beverage, retail and security industries. A fashion parade will be held on Wednesday to showcase fashionable workplace uniforms. The popular "World of Fashion Accessories" section presents fashion accessories such as bags, accessories, belts, footwear, socks, leggings, gloves and scarves. The "Fashion Gallery" features about 85 high fashion brands. The "Clothing Accessories, Fabrics & Yarn" zone showcases quality raw materials. In addition, the show has once again set up an hktdc.com Small Orders zone, featuring nearly 100 showcases and garment racks with about 300 products available for orders in minimum quantities of between five and 1,000 pieces.

"Fashion Tech" is one of the hot topics of the fashion industry in recent years, pushing the industry to change up the whole product creation process from production to market launch through technology. The "Fashion Tech" zone is a thematic zone not to be missed by the industry. Exhibits at the zone include luminous fabrics made with an innovative trademarked technology from first-time exhibitor Lumisonata; an application from Hong Kong exhibitor Key Links that monitors clothing qualities across various production lines; a 3D human modelling application from another Hong Kong exhibitor TOZI Technology that provides accurate body measurement with just two pictures uploaded by the user; Konica Minolta is also presenting their cutting-edge clothing printer and MiR (Mobile Industrial Robots). As for seminars, buyers interested in fashion tech should join "The Next Wave in Fashion Industry", where experts will discuss wearable tech in thermostatic clothing and how to get the accurate shapes and sizes using smart 3D human modelling technology.

Other exhibitors include Japanese footwear brand FIT JOY, which brings a lightweight footwear made with quality goat leather. Besides, Hong Kong exhibitor MsEnvy is launching a new collection of couture womenswear that features delicate patterns digitally printed on silk. Another Hong Kong brand HOTITLE's Speed Racer collection features cufflinks inspired by sports cars' wheels which can be dismantled to enable customisation.

To create more business opportunities for exhibitors, the HKTDC has organised 90 buying missions from 45 countries and regions to the show, including buyers from over 3,600 companies. They include representatives of renowned fashion labels, mega chain stores, department stores and fashion e-tailers, which encompass a number of Belt and Road markets, such as the Czech Republic's Fresh Labels, Indonesia's Zilingo, Kazakhstan's Anthena Clothing, Korea's Eland Group, Russia's Shmotka, Singapore's Takashimaya and Thailand's Jaspal.

Fashion trends and hot issues

A series of seminars and forums will be held during the show, including a presentation by international trend forecasting group Fashion Snoops on their Autumn/Winter 2019/20 fashion forecasts for Women's & Men's Wear and accessories. A seminar titled "Online Shopping Reshapes the Fashion Industry" will feature seasoned industry experts discussing recent online retailing market's development and opportunities, while a seminar on "Essential Testings and Ratings for Textiles and Garments" will see experts detail testing requirements for textile chemistry, restricted substances for green textiles, as well as introduce a new rating system that can improve the purchasing practices and achieve sustainable supply chains.

Latest collections at fashion parades

During the fair, a number of runway shows will be staged, including a fashion parade held today by students from the Chinese University of Hong Kong's School of Continuing and Professional Studies. For product launches, four designers from Sri Lanka presented their latest collections which combine traditional local fabrics with modern designs at today's first "International Fashion: On Parade" session. In addition, Macau Productivity and Technology Transfer Centre will host an international fashion parade tomorrow to showcase the latest collections from budding designers.

Fair Website
Hong Kong Fashion Week for Spring/Summer: http://www.hktdc.com/hkfashionweekss/
Photo Download: https://bit.ly/2KGo7UB

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:
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

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Readers Invited to Explore the World at Hong Kong Book Fair

July 9, 2018, 1:30 am

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Nashua Gallagher

French, Spanish and Latvian Writers to Share Insights at Seminars

HONG KONG, Jul 9, 2018 - (ACN Newswire) - A strong international line-up of writers will be featured at the 29th edition of the HKTDC Hong Kong Book Fair, which will gather about 680 exhibitors from 38 countries and regions at the Hong Kong Convention and Exhibition Centre (HKCEC) from 18-24 July. Among the highlights is the International Cultural Village, which will spotlight consulates and cultural promotion organisations from 32 countries showcasing their local books and cultural products.

France, Germany, Italy and Poland, together with new participants Austria, the Czech Republic, Greece and Ireland, are joining forces to set up a European Union Pavilion on the first floor of the HKCEC to showcase European culture. Meanwhile, another perennial favourite - the Japan Pavilion - will return to the fair in a record-breaking scale, bringing Japanese literature, classic manga and virtual reality (VR) experiences to Hong Kong readers.

With support from the Consulate General of France in Hong Kong and Macau, the European Union Office to Hong Kong and Macao and the Consulate General of Spain in Hong Kong, the World of Knowledge Seminar Series will spotlight a distinguished list of European speakers, including French writer Chantal Thomas, Latvian writer Janis Jonevs as well as Spanish-speaking writers Maria Jose Pareja Lopez, Nashua Gallagher and Diana Coronado.

French Writer to Speak on Social Status of 18th Century Women

Renowned French writer Chantal Thomas, who is also a playwright, essayist and historian, is the author of the well-known novel Farewell, My Queen, which takes readers back to legendary Marie Antoinette's final days in Versailles in the lead-up to the French Revolution and won prestigious French literary prizes such as Prix Femina and Prix de l'Academie de Versailles. The book was adapted into a film, directed by Benoit Jacquot, which became a box-office hit. Chantal Thomas has a deep fascination for French history, specialising in the eighteenth century.

Her works including The Testament of Olympus and The Exchange of Princesses have been translated into many languages. The latter was also recently adapted into a film, of which the screenplay was co-written by Chantal Thomas and director Marc Dugain. At the World of Knowledge Seminar Series, Chantal Thomas will speak on the social status and power of women in the 18th century.

Decoding Love Poetry and Prose in Spanish

The World of Knowledge Seminar Series will feature Spanish-speaking writers Diana Coronado, Maria Jose Pareja Lopez and Nashua Gallagher, thanks to the support of the Consulate General of Spain in Hong Kong.

Diana Coronado is a Mexican author of children's books and young adult novels in Spanish, including Emilia y el mar (2014), La revelacion de los reinos (2015), Luz en el claustro (2016) and El beso (2017). With renowned Mexican scientist Julia Taguena, she co-wrote the novel Eureka! Lo encontre (2014), which was published by the Mexican National Council for the Arts. A book on Japanese poetry for children, co-authored by Diana Coronado and Monserrat Loyde, will be published by the Mexican Ministry of Culture this year.

Maria Jose Pareja Lopez is a Spanish lecturer at colleges in the United States, Spain and Hong Kong. After receiving her bachelor's degree in business from the Instituto Tecnologico De Santo Domingo of the Dominican Republic, she completed a Master of Business Administration course at Western Illinois University and earned a master's degree in Spanish literature from the University of Kansas.

Nashua Gallagher is the founding director of Peel Street Poetry, a literary collective that has run spoken word sessions and other events in Hong Kong since 2005. She is the author of All the Words a Stage (Chameleon Press, 2018), and her works have been featured in Not A Muse: A World Poetry Anthology (2009) and the Cha literary magazine. She has performed her poetry at the Hong Kong International Literary Festival and TED main stage events.

These three authors will host a talk titled "Romance Along the Silver Way: Baroque Love Poetry and Prose from the Spanish-speaking World", where they will share their creative thoughts and examine love poetry and prose from the Baroque era.

Award-winning Latvian Writer to Offer Advice on Writing

The European Union Office to Hong Kong and Macau has invited Latvian writer Janis Jonevs to share his advice on writing. Born in 1980 in the central Latvian city of Jelgava, Janis Jonevs is one of the most popular writers in the world. He is best known for his debut novel Jelgava '94, which swiftly became a bestseller upon its release in 2013 and won an EU Prize for Literature in 2014. The book has been translated into seven languages and published in France, Norway, Slovenia, Croatia, Estonia and the United Kingdom.

Jelgava '94 is a story about the post-90s generation. In the book, youngsters discover their own identity by building intimate relationships with one another and getting involved in alternative cultures. The novel also details Latvia's second proclamation of independence. Jonevs is recognised as the first writer to depict this historic event with mature literary skills. The writer is also a playwright, and is currently working on a collection of short stories.

Japan Pavilion to Return in Record-breaking Scale

The popular Japan Pavilion will be moved to the fifth floor of the HKCEC this year, alongside the 2nd edition of the Hong Kong Sports and Leisure Expo. The year's pavilion is the largest ever, with exhibitors coming from 17 cities and prefectures, including Iwate, Kansai, Okinawa and Shikoku which are participating for the first time. They will join hands with the Japan National Tourism Organisation and renowned Japanese publisher KADOKAWA Corporation to showcase various aspects of Japanese cultures through literature, cultural products and an Anime Pilgrimage VR experience.

Prefectures to Bring Popular Mascots and Classic Manga

At the Japan Pavilion, Saitama prefecture will spotlight the well-known "Moomin", Abashiri city will feature its local mascots while Tottori, the hometown of many famous manga artists, will bring two characters from classic manga series -- Aoyama Gangchang's "Detective Conan" and Shigeru Mizuki's "GeGeGe no Kitaro" -- to the fair to offer photo opportunities to visitors. Wakayama city will bring its famous cat station master Tama to the Pavilion while Hyogo prefecture will showcase the works of Tezuka Osamu.

Further details are available on the Hong Kong Book Fair website (www.hkbookfair.com), including information on registration for the free seminars.

Requests for author interviews, including the proposed interview format, questions and contact details, should be sent to angel.lw.leong@hktdc.org on or before 14 July.

Book Fair Website : http://www.hkbookfair.com
Mobile app: http://hkbookfair.hktdc.com/HKBookfairApp.html
Cultural July Website http://hkbookfair.hktdc.com/CulturalJuly
Hong Kong Sports & Leisure Expo Website www.hktdc.com/hksportsleisureexpo
Photo Download Link: https://bit.ly/2m1GwfP

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

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