Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Showcase


Channel Catalog


Channel Description:

ACN Newswire press release news - Recent Press Releases

older | 1 | .... | 319 | 320 | (Page 321) | 322 | 323 | .... | 326 | newer

    0 0

    Guests at the opening ceremony for the HKTDC Lifestyle Expo in Mumbai
    Eddie Lee, Senior Product Promotion Manager, HKTDC (centre) takes Guest of Honour Subhash Desai, Minister for Industries and Mining, Government of Maharashtra (R), on a tour around the Lifestyle Expo in Mumbai.
    The two-day event showcases a wide selection of trendy products from about 140 Hong Kong and Mainland China companies.
    Mumbai Event Promotes Hong Kong-India Business Opportunities

    HONG KONG, Dec 20, 2018 - (ACN Newswire) - The Lifestyle Expo in Mumbai opened yesterday at the Expo Centre in Mumbai's World Trade Centre. Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Trade Development Bureau of Ministry of Commerce of the People's Republic of China, the expo serves as a platform for suppliers from Hong Kong and Mainland China to connect with buyers from India and other countries in South Asia, creating new partnership opportunities by capturing the robust demand for trendy lifestyle products.

    The two-day event showcases a wide selection of quality products from about 140 Hong Kong and mainland companies and will be attended by close to 2,000 buyers from India and other South Asian countries. Exhibits include household appliances, fashion and fashion accessories, consumer electronics and electric parts, as well as gifts and premiums.

    The best of Hong Kong fashion is being showcased at the expo, highlighting Hong Kong's creative and design capabilities to buyers at the event. Accomplished designers such as Kevin Ho, Jane Ng, Walter Kong & Jessica Lau, Carrie Kwok, Yannes Wong and Mountain Yam are featuring their latest designs at the event's FASHIONALLY zone.

    Exploring Regional Cooperation for 'Win-win' Result

    Speaking at the opening ceremony, HKTDC Senior Product Promotion Manager Eddie Lee highlighted the longstanding cooperation between Hong Kong and India, saying that India was the city's seventh-largest trading partner and that ties between the two places would continue to grow in the future.

    "Through the Lifestyle Expo we can showcase some of the best and brightest brands from Hong Kong and Mainland China to buyers from across India and the region. Companies can discover new products, expand business contacts and establish new partnerships that can lead to a more prosperous future and a win-win result for all concerned," Mr Lee said. "We have very high hopes for the future of trade links between India and Mainland China, with Hong Kong serving as a 'Super-Connector' between two of the world's most populous and fastest-growing large economies."

    India - a Key Business Partner for Hong Kong

    India was Hong Kong's third-largest export market in 2017 while Hong Kong was India's third-largest export market. India-Hong Kong trade in 2017 was valued at approximately US$34 billion, an increase of 27% over the previous year. Exports from India to Hong Kong were close to US$13.7 billion, led by exports of non-ferrous metals, metalliferous ores and metal clap.

    Business Matching and More

    Customised "One-on-One" business-matching services are provided at the Lifestyle Expo to connect exhibitors and buyers and foster collaboration. Meanwhile, products from exhibitors are being spotlighted at the "hktdc.com Small Orders Showcase", allowing buyers to place orders of between five to 1,000 pieces.

    In addition, the HKTDC Frequent Buyer Awards were presented yesterday to Indian companies that have given continued support to the Council's trade fairs in Hong Kong and India.

    Fair Website:
    Lifestyle Expo in Mumbai: http://m.hktdc.com/fair/lifestyleexpomumbai-en/
    Photo Download: https://bit.ly/2GwcMVC

    (Photo:)
    Guests at the opening ceremony for the Hong Kong Trade Development Council (HKTDC) Lifestyle Expo in Mumbai include (from left to right): Wang Shicai, Commercial Counsellor, Economic and Commercial Section of the Consulate General of the People's Republic of China in Mumbai; Han Shengjian, Deputy Director-General, Trade Development Bureau, Ministry of Commerce, the People's Republic of China; Tang Guocai, Consul General, Consulate General of the People's Republic of China in Mumbai; Subhash Desai, Minister for Industries and Mining, Government of Maharashtra; Eddie Lee, Senior Product Promotion Manager, HKTDC; Vijay Kalantri, President, All India Association of Industries; Rajesh Bhagat, South Asia Consultant, HKTDC and Ravi Dalmia, Treasurer, India China Chamber of Commerce & Industry https://bit.ly/2T5PXtp

    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 50 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.

    Contact:
    (Mumbai) Mitra Dave Tel: +91-22-4333-6333 Email: south.asia.consultant@hktdc.org (Hong Kong) Coco Yuen Tel: +852 2584 4145 Email: coco.hc.yuen@hktdc.org

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

    0 0

    BANGKOK, Dec 24, 2018 - (ACN Newswire) - TRC Construction PCL (SET:TRC) Chief Executive Officer, Mr. Pasit Leesakul discusses the company's strategy and outlook in The Executive Talk (TET) by ShareInvestor.com.

    TET: TRC has undergone strategic shifts in its business model, could you explain what the changes are and why they were made?

    TRC began as a traditional contractor before transitioning into an EPC Contractor focusing on oil and gas sector. We specialize in engineering, design and construction for the gas pipeline networks, mid-stream to processing gas and this included bio-diesel, renewable plants, petrochemicals and oil and gas.

    In 2007, we acquired Sahakarn Wisavakorn Co., Ltd. (SKW), a pure civil works company, and during 2012-2016, we acquired APOT, the potash mine. In 2016 and 2017 as the oil prices declined, the projects launched decreased and there was an influx of Chinese competition and the price competition was severe. Therefore when we looked at the future of TRC, we wanted to return being at the forefront of an industry similar to where we were in the past.

    So today we position ourselves as "A Pioneer Organization Innovation who delivers innovation project solution in the region" (CLMVT). Innovation means we will do our best to exceed our clients' expectation in quality, safety, speed and at reasonable cost. There are a few new sectors that we have identified where we can be leader such as intra-logistic and underground piping and cable laying.

    TET: Could you explain further on what intra-logistics is and what has TRC achieved thus far?

    Logistics comprises of three systems which are software trace, warehouse management and traffic management system. We will focus on the software systems and the warehouse management which is the intra-logistics. The difference between this and conventional logistics applies from the initial design of a warehouse, typical conventional warehouses are approximately 10 meters in height, whereas we are building a 40 meters height warehouse that has a higher load potential with an Automated Storage and Retrieval System (AS/RS) for PTT Oil and Retail Business Plc. (PTTOR).

    This will be the first of such projects that we aim to roll out in Thailand and are looking at working with other major logistic-related to improve efficiency of current warehouse systems. The positive for an intra-logistic focus is that we will be the first mover in Thailand with higher margins compared to other infrastructure contractors because we are part of the system which results in recurring income. The owners will benefit since the required amount of land is less, the efficiencies of such system are far above the conventional systems.

    TET: Given that construction is still one of TRC's core businesses, how are projects progressing and what type of projects does TRC typically look to bid for?

    As of end of October 2018, our backlog value was THB 5.6 million. There are also several projects released such as Thai Oil Plc. that announce its USD 4.8 billion investment expansion in the Clean Fuel Project (CFP). New projects from IRPC Plc. and the Thai Government's Eastern Economic Corridor should provide opportunities as well. We are positioning ourselves as a contractor in those fields. SKW, our fully owned subsidiary, is more focused in this and has obtained several projects ranging from water pipelines, road works, interchanges, and is very diversified amongst the infrastructure projects. The key for us is not to do simple roads nor highways, but ones that require engineering solutions such as the recent project we won, the construction of the overpass bridge at the Na Ranong Intersection which is a complex project that takes 900 days and values THB 1.2 billion.

    Another interesting project is the Thailand Smart Metro project by the Metropolitan Electric Authority, TOT, CAT and Mass Rapid Transit Authority of Thailand. The government wants to bring the communication cables underground and is looking for private companies to do this 127.3 km project during the period of 2017-2021. So SKW has partnered with a Chinese firm specializing in underground piping systems and should we be able to own these lines, the telecommunication companies would have to rent the bandwidth which leads to another form of recurring income for us.

    TET: TRC has been involved with the exciting Potash project, what is this project and where is the situation today?

    Our viewpoint is that all the ingredients are coming together. We gradually invested in APOT during 2012-2016 when the potash prices had dropped significantly, and they have since recovered along with the other commodity prices. However, the continued price volatility is a risk that will have to be managed. APOT first needs an additional equity partner because it is a THB 40-60 billion project which is too large for TRC to take it independently and we are seeing positive progress here.

    TET: How do you view the industry in Thailand developing?

    We see that the intra-logistics trend will begin in the next few years as many firms will start to utilize this technology. Companies are beginning to discuss outsourcing their warehouse management to us due to the concerns of manpower, theft, organization and so forth.

    Also, with the continued rapid growth of e-commerce, there will be a natural change for the industry to improve its warehouse management systems to what we offer.

    For construction, the EEC should be a positive development because there's a broad range of potential from petrochemicals, to value based, to high tech projects and the government's continued push to improve Thailand's infrastructure will be positive for the construction companies in Thailand.

    TET: What may investors misunderstand about TRC?

    Investors and even some former customers still acknowledge TRC as a pipeline company which we no longer are. Our vision is to be a pioneer company and it will take time for the industry and investors to see this even though our portfolio is already well diversified with petrochemicals, oil & gas, industrials, intra-logistics, underground, pharmaceuticals and complex civil works.

    TET: Where do you see TRC in the next three years?

    In three years, we expect the recurring income to begin and that with our continued internal developments and expansions within our new segments. As a first mover, we have strong advantage ahead of the competition. With these success cases and future plans, we will be able to show that TRC is indeed a pioneer organization who delivers innovative project solutions for its customers throughout the region.

    About The Executive Q&A Series

    The Executive Q&A Series is presented by ShareInvestor, Asia's leading financial internet media and technology company and the largest investor relations network in the region. The interview was conducted by Pon Van Compernolle. For more information, Email admin.th@shareinvestor.com. Website: www.ShareInvestorThailand.com

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

    0 0

    Shift to Joint-stock Partnership Structure with INCJ and Maxell

    TOKYO, Dec 26, 2018 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) had concluded an agreement with INCJ, Ltd. and Maxell Holdings, Ltd. to restructure the capital affiliation of Hitachi Vehicle Energy, Ltd., Hitachi's wholly owned subsidiaries in the automotive lithium-ion battery business, to form a joint-stock partnership structure with these companies, and had concluded both a basic agreement and share transfer agreement with them.

    Specifically, the stocks of Hitachi Vehicle Energy owned by Hitachi, Ltd. will be transferred to INCJ and Maxell. Hitachi Automotive Systems, Hitachi's wholly-owned subsidiary in automotive components and related businesses, will spin off a part of its lithium-ion battery management system business etc. to Hitachi Vehicle Energy through an absorption-type company split, and acquire shares in Hitachi Vehicle Energy equivalent to the value of the spun-off business.

    After this transaction, Hitachi Vehicle Energy will become a joint-stock partnership company with an ownership ratio of 47% held by INCJ, 47% by Maxell and 6% by Hitachi Automotive Systems, and will be excluded from the consolidated companies of Hitachi(1).

    Hitachi and Hitachi Automotive Systems will pursue further growth by accelerating the strengthening of Social Innovation Businesses, such as advanced mobility, by providing electrification technologies including electric motors and inverters, and autonomous driving technologies such as advanced vehicle control.

    Against the background of increasingly stringent environmental regulations in recent years, the market has been expanding for electrified vehicles such as hybrid vehicles, plug-in hybrid vehicles, electric vehicles, etc. The demand for automotive lithium-ion batteries, a key component of electrified vehicles, has also been increasing year-on-year. However, global competition in the automotive lithium-ion battery market has also intensified as overseas manufacturers become more competitive.

    In cooperation with Hitachi Automotive Systems, since its establishment in 2004 Hitachi Vehicle Energy has built business relationships with Japanese and other major global automobile manufacturers, with the production of automotive lithium-ion batteries for hybrid vehicles as its main business.

    In light of this situation, Hitachi concluded the above agreements after determining that Hitachi Vehicle Energy will be able to maintain and increase its global competitiveness by utilizing the extensive management resources of the three companies. INCJ has knowledge and an information network amassed through its diverse investment experiences, while Maxell has battery technologies and know-how developed over many years, and Hitachi Automotive Systems has a long record of deliveries to major automobile manufacturers.

    Moving forward within its new structure, Hitachi Vehicle Energy will provide high-performance and highly reliable automotive lithium-ion batteries for the expanding electrified vehicle market, conduct advanced development of next-generation battery technologies, and contribute to the development and popularization of electrified vehicles.

    About Hitachi Automotive Systems, Ltd.

    Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine powertrain systems, electric powertrain systems and integrated vehicle control systems.

    For more information, please visit the company's website at http://www.hitachi-automotive.co.jp/en/.

    (1) The percentage of voting right is expected to be 76.2% held by INCJ, 14.0% by Maxell and 9.8% by Hitachi Automotive Systems.

    About Hitachi, Ltd.

    Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

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

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

    0 0

    Toyota City, Japan, Dec 26, 2018 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its production, domestic sales, and export results for November 2018, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.

    November 2018 Key Points (year-on-year)

    Production in Japan

    Toyota
    - First decrease in two months

    Daihatsu
    - Second consecutive month of increase

    Hino
    - Decreased

    Toyota + Daihatsu + Hino
    - First decrease in two months

    Sales in Japan

    Toyota
    - Second consecutive month of increase
    - Lexus vehicle sales totaled 4,136 units (27.2% decrease)
    - Minivehicle sales totaled 3,043 units (16% increase)
    - 48% share of market excluding minivehicles (2.4 percentage point decrease)
    - 31.1% share of market including minivehicles (1.6 percentage point decrease)

    Daihatsu
    - Third consecutive month of increase
    - Minivehicle sales totaled approximately 51,900 units (6.8% increase); third consecutive month of increase
    - 32% share of minivehicle market (0.7 percentage point decrease)

    Hino
    - Third consecutive month of increase
    - Standard truck sales totaled approximately 3,100 units (21.2% increase); third consecutive month of increase
    - 41.9% share of the truck market (4.6 percentage point increase)

    Toyota + Daihatsu + Hino
    - Second consecutive month of increase
    - 44.8% share of market including minivehicles (1.8 percentage point decrease)

    Exports

    Toyota

    - First decrease in two months; due to decreased exports to North America, Latin America, and Asia.

    Daihatsu
    - There were no exports for Daihatsu.

    Hino
    - Decreased; due to decreased exports to Latin America, Europe, Asia, and Oceania

    Toyota + Daihatsu + Hino
    - First decrease in two months

    Production Outside of Japan

    Toyota
    - Second consecutive month of increase; due to increased production in Latin America, Europe, Asia, and Africa

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

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

    Toyota + Daihatsu + Hino
    - Second consecutive month of increase

    About Toyota Motor Corporation

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

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

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

    0 0

    TOKYO, Dec 26, 2018 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for November 2018 are summarized below.

    I. Production

    1. Domestic Production

    Mazda's domestic production volume in November 2018 increased 1.9% year on year due to increased production of passenger and commercial vehicles.

    [Domestic production of key models in November 2018]
    CX-5: 40,038 units (down 9.2% year on year)
    CX-3: 14,746 units (up 16.2%)
    Mazda6 (Atenza): 11,256 units (up 38.8%)

    2. Overseas Production

    Mazda's overseas production volume in November 2018 decreased 11.3% year on year due to decreased production of passenger vehicles.

    [Overseas production of key models in November 2018]
    Mazda3: 18,534 units (down 28.8% year on year)
    Mazda2: 12,007 units (up 20.5%)
    CX-4: 6,507 units (down 14.1%)

    II. Domestic sales

    Mazda's domestic sales volume in November 2018 increased 37.1% year on year due to increased sales of passenger vehicles. Mazda's registered vehicle market share was 5.4% (up 1.5 points year on year), with a 1.8% share of the micro-mini segment (down 0.2 points) and a 4.1% total market share (up 0.9 points).

    [Domestic sales of key models in November 2018]
    CX-5: 5,186 units (up 64.6% year on year)
    Mazda2 (Demio): 3,173 units (up 73.3%)
    CX-8: 1,978 units (up 176.6%)

    III. Exports

    Mazda's export volume in November 2018 increased 6.1% year on year due to increased shipments to Europe, Oceania and other regions.

    [Exports of key models in November 2018]
    CX-5: 37,524 units (down 2.8% year on year)
    CX-3: 14,901 units (up 43.4%)
    Mazda6: 10,261 units (up 41.5%)

    About Mazda

    Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com

    Contact:
    Corporate Communications Division Mazda Motor Corporation, Japan +81-3-3508-5056 [Tokyo] +81-82-282-5253 [Hiroshima] mailto: media@mazda.co.jp

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

    0 0

    KARIYA, JAPAN, Dec 26, 2018 - (JCN Newswire) - Aisin Seiki Co., Ltd., ADVICS Co., Ltd., JTEKT Corporation and DENSO Corporation have formally agreed to form a new company to develop integrated control software that will be used for automated driving, vehicle motion control, and other related functions. The new company is named J-QuAD DYNAMICS and will be established in April(1) 2019. In August 2018, the four companies announced their basic agreement to establish a joint venture.

    To achieve safe, secure, and widespread automated driving, a more sophisticated integrated vehicle control system is required to coordinate sensors, brakes, and steering systems. The software enables vehicles to better manage acceleration, turning, and braking, which is critical for future mobility solutions. Founded by the four investing companies, the new company will develop software and provide engineering services to accelerate the development of integrated vehicle control systems for automakers in Japan and throughout the world.

    AISIN, ADVICS, JTEKT, and DENSO will combine their unique strengths and technical expertise on automated driving, vehicle motion control, and related functions to develop this software-based solution to meet the needs of their customers today and in the future more efficiently and quickly. The companies collaboration and creation of J-QuAD DYNAMICS will develop higher value-added integrated vehicle control systems to create safer and smarter mobility.

    (1) The establishment of this new company requires the approval of antitrust authorities.

    About Denso

    DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

    For more information, please go to www.denso.com.
    Visit our media website at www.denso.com/global/en/news/media-center/.

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

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

    0 0

    KARIYA, JAPAN, Dec 26, 2018 - (JCN Newswire) - Aisin Seiki Co., Ltd. and DENSO Corporation (DENSO) have formally agreed to form a new company to develop and sell driving modules used for electric vehicles. The new company is named BluE Nexus and will be established in April 2019(1). In August 2018, AISIN and DENSO first announced their basic agreement to establish a joint venture.

    Electrification requires a driving module package that consists of transaxles, motor-generators, and inverters, which are key components needed for both partially and fully electric vehicles. AISIN and DENSO will combine their strengths in electrification to develop a wide range of driving modules and sell them to automakers in Japan and throughout the world. Moreover, BluE Nexus will calibrate them for the diverse needs automakers have for hybrid vehicles (HVs), plug-in hybrid vehicles (PHVs), and electric vehicles(EVs).

    These modules help automakers and consumers protect the environment against global warming, atmospheric pollution, resource and energy problems, and more.

    (1) The establishment of this new company requires the approval of antitrust authorities.

    About Denso

    DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

    For more information, please go to www.denso.com.
    Visit our media website at www.denso.com/global/en/news/media-center/.

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

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

    0 0

    HONG KONG, Dec 27, 2018 - (ACN Newswire) - Harbin Electric Corporation Co., Ltd. ("HEG") Board and Harbin Electric Company Limited ("HEC", stock code: 1133.HK) Board jointly announced that on 24 December 2018, HEG made a voluntary conditional cash offer ("Offer") to acquire all the issued H Shares in HEC; on the same day, HEG entered into the Merger Agreement ("Merger") with HEC.

    At the request of HEC, trading in the H Shares on the Hong Kong Stock Exchange was halted from 9:00 a.m. on 18 December 2018 pending the issue of the joint announcement. Application has been made by HEC to the Hong Kong Stock Exchange for the resumption of trading in the H Shares with effect from 9:00 a.m. on 27 December 2018.

    Terms of the Offer
    The Offer will be made by HEG at the price of HK$4.56 in cash for each H share.

    The Offer Price represents a premium of approximately 82.40% over the closing price of HK$2.50 per H Share as quoted on the Hong Kong Stock Exchange on 17 December 2018 (being the Last Trading Day) and a premium of approximately 77.50% over HK$2.57 which is the average closing price per H Share as quoted on the Hong Kong Stock Exchange for the 30 consecutive trading days up to and including 17 December 2018.

    The Offer is subject to the fulfilment or waiver, as applicable, of a number of conditions. For further information, please refer to the joint announcement (http://www3.hkexnews.hk/listedco/listconews/SEHK/2018/1227/LTN20181227013.pdf).

    HEG intends to satisfy the consideration required for the Offer by a combination of cash from its internal resources and a loan facility obtained by it.

    Upon the Offer becoming unconditional, HEC will make an application for the voluntary withdrawal of the listing of the H Shares on the Hong Kong Stock Exchange. The HEC Shareholders will be notified by way of an announcement of the dates of the last day for dealing in the H Shares and on which the voluntary withdrawal of the listing of the H Shares on the Hong Kong Stock Exchange will become effective.

    Reasons for and Benefits on the Offer, the Delisting and the Merger
    HEC, being primarily engaged in the manufacturing of thermal power and hydropower main equipment, has faced increasing pressure over its sales and profitability in the prevailing market environment, due to a combination of fierce market competition and an increasing focus on clean and renewable forms of generation at the expense of thermal generation. The Offer, the Delisting and the Merger, if successful, will reduce the costs through the simplification of the corporate structure and dispensation of costs associated with compliance and maintaining the listing status of HEC. The Merger of HEC by HEG, if successful, can fully integrate the underlying assets and liabilities of HEC by HEG, so as to optimise their corporate structure, enhance management effectiveness, and promote business integration and future development of HEG and its subsidiaries.

    For shareholders, the Offer Price represents a premium of approximately 82.40% over the closing price on 17 December 2018, being the Last Trading Day. The Offer provides an attractive opportunity for the HEC H Shareholders to dispose of their H Shares expeditiously and receive cash at a price significantly above the prevailing market price.

    Shareholding in HEC
    As at the date of the joint announcement, HEC had 1,706,523,000 HEC Shares in issue, with 1,030,952,000 Domestic Shares and 675,571,000 H Shares. HEG owned the entirety of 1,030,952,000 Domestic Shares, representing approximately 60.41% of the issued share capital of HEC, and HEC H Shareholders were interested in 675,571,000 H Shares, representing approximately 39.59% of the issued share capital of HEC.

    Information of HEG
    HEG is a wholly state-owned company established on 6 October 1994, under the PRC Laws with approval from SASAC. HEG is the controlling shareholder of HEC, and is the pioneer in establishing the largest research and manufacturing base for power-generating equipment, marine engines, power-driven equipment and export base for complete set of equipment in the PRC.

    Information of HEC
    HEC was incorporated as a joint stock company with limited liability by way of promotion method in accordance with the PRC Company Law on 29 September 1994, and was registered with the Harbin Municipality Administration of Industry and Commerce Bureau and has obtained a business license on 6 October 1994. HEC became listed on the Main Board of the Hong Kong Stock Exchange on 16 December 1994. HEC is one of the largest manufacturers of power-generating equipment in the PRC, and is principally engaged in manufacturing of thermal power main equipment, hydropower main equipment, nuclear power main equipment, gas power equipment set and turnkey construction of power station projects, etc.


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

    0 0

    TOKYO, Dec 27, 2018 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. has concluded a share transfer agreement with PTC2 Holdings Inc. a special-purpose company which is established by Polaris Capital Group Co., Ltd. to transfer all shares owned by Hitachi Automotive Systems in its wholly owned subsidiary, Hitachi Automotive Systems Measurement, Ltd., which engages in the energy station and plant construction businesses.

    Hitachi Automotive Systems will continue to focus on strengthening its business portfolio. In particular, it will leverage its strengths in electronics and electrification technologies to continually enhance its line of electrification products such as motors and inverters, as well as advanced driver assistance systems and autonomous driving (ADAS/AD) products such as periphery sensors and electronic controllers.

    Hitachi Automotive Systems Measurement manufactures and sells filling and measuring devices for gaseous and liquid fuels, as well as flow meters for oil and gas. Its service station design and construction business and instrumentation business are expanding mainly in Japan, but also in the Asia region. In Japan, it focuses on the development of a variety of energy stations, including gasoline, compress compressed natural gas (CNG), and hydrogen, as well as the construction business for private residence filling stations. All of these businesses boast a top share in Japan.

    Moving forward, against the backdrop of increasing global demand for infrastructure to supply next-generation clean energy, it is crucial for the growth strategy of Hitachi Automotive Systems Measurement to focus on new businesses such as the development of next generation service stations and hydrogen stations, and expansion into overseas markets.

    Therefore, following discussions between Hitachi Automotive Systems and Hitachi Automotive Systems Measurement, the investment fund of Polaris was selected as a new sponsor, based on its wealth of experience in strengthening management fundamentals and providing support for implementation of growth strategies at many companies. This partnership will facilitate the further growth and development of Hitachi Automotive Systems Measurement's new business and overseas business expansion.

    Hitachi Automotive Systems will pursue further growth by enhancing the businesses in electrification products as well as autonomous driving field.

    About Hitachi, Ltd.

    Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

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

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

    0 0

    KARIYA, JAPAN, Dec 27, 2018 - (JCN Newswire) - DENSO Corporation today announced that it will change its organization and executive responsibility on January 1, 2019.

    The auto industry has been undergoing a once-in-a-century paradigm shift due to electrification, automated driving, and connected driving. To cope with the paradigm shift quickly, DENSO will review its organization to increase its competitiveness. The major changes are as follows:

    Changes of Organization

    1. Strengthening the organization for automated driving and connected driving

    (1) Reorganization of the Mobility Systems Function Unit

    To accelerate development from the viewpoint of vehicle systems in automated driving and connected driving, the Mobility Systems Function Unit will be reorganized, and the Mobility Systems Planning Division, in charge of business strategy and the Mobility Systems R&D Division, in charge of technology development will be newly established.

    (2) Integration of the connected service business to DENSO TEN

    To strengthen the connected service business for fleet vehicles, DENSO's service business for trucks, buses, and leased vehicles will be integrated with DENSO TEN's service business for commercial vehicles, mainly taxis, to expand the business by combining the strengths and expertise of the two companies. Thus, the business of the Connected Service Business Promotion Division will be integrated with DENSO TEN.

    2. Strengthening the capability to propose systems/products

    (1) Reorganization of the Thermal Systems Business Group

    a. To meet customers' needs flexibly and promptly, the Thermal Systems Product Planning Division will be newly established.

    b. To strengthen the thermal management business that is essential for promoting electrification, the thermal management products will be consolidated, and the Thermal Management Business Unit will be newly established.

    (2) Reorganization of the Powertrain Systems Business Group

    Diesel engine regulations have been tightened in respective countries, and needs for powertrains have been diversifying in different countries and regions. To meet customers' needs for internal combustion engines more precisely, the Powertrain Systems Business Group will be reorganized.

    (3) Establishment of the CV&OH Div.

    To consolidate the sales functions distributed for each country and route and to strengthen the capability to propose products, the CV&OH Division, will be newly established to undertake the commercial vehicle and agriculture and construction equipment business.

    (4) Rename the Social Solution Business Development Div.

    To create new businesses for solving social issues and define the role of the organization to incubate projects to a business phase, the New Business Unit will be renamed the Social Solution Business Development Division.

    3. Strengthening the function

    (1) Establishment of the Core Skills Development Div.

    To promptly cope with changes in specialized fields due to business innovation, DENSO E&TS Training Center Corp. will be subject to an absorption-type merger. The manufacturing and technology section will also be consolidated, and the Core Skills Development Division will be newly established.

    (2) Enhancement of the information security function

    To further strengthen the information security organization including the group companies in and outside Japan, the Information Security Promotion Dept. will be upgraded to the Information Security Promotion Division.

    About Denso

    DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

    For more information, please go to www.denso.com.
    Visit our media website at www.denso.com/global/en/news/media-center/.

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

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

    0 0

    HONG KONG, Dec 27, 2018 - (ACN Newswire) - On December 27, 2018, Jiangsu Saite, an indirect wholly owned subsidiary of China Saite Group Company Limited (the "Company", Stock Code: 153.HK), entered into the Construction Agreement with Shenyang Jindihan Investment Co., Ltd.*("Shenyang Jindihan"), which includes manufacturing and installation of the Vertical Automated Parking System.

    This Agreement is respect of the Vertical Automated Parking System at a parking building which will be located at the east land plot of Yingbin Street, Shenhe District, Shenyang City of the PRC. In accordance to the agreement, Jiangsu Saite shall be responsible for the design, manufacturing, transportation, installation, testing, check and inspection, post-sale maintenance and warranty and training of the Vertical Automated Parking System, and also shall provide Shenyang Jindihan an initial warranty period of 24 months for free. Shenyang Jindihan shall pay Jiangsu Saite the consideration of total RMB109,240,824.00 (equivalent to approximately HK$124,133,683.43).

    Being an indirect wholly owned subsidiary of the Company, Jiangsu Saite principally engages in the construction of steel structure and prefabricated construction projects. Shenyang Jindihan mainly engages in parking lots service, industrial investment and real estate development. Through this cooperation, the Company initially steps into the field of parking industry, which represents its new business plan and strategies. With the principle of mutual benefits and "win-win", the cooperation will bring two parties positive impact and the company will earn substantial profits which conform to the interests of the shareholders.


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

    0 0

    HONG KONG, Dec 27, 2018 - (ACN Newswire) - Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, the "Group") (Stock code: 6836.HK), a leading seller and manufacturer of processed fruits products in China, is pleased to announce that Mr. Yang Ziyuan will remain as the chairman of the Board and chairman of the nomination committee for a period of two years commencing from 1 January 2019. Mr. Wang Hu, an executive director of Tianyun International, will be appointed as a member of the nomination committee and member of strategic development committee. Mr. Liu Zhumeng, a non-executive director of Tianyun, and Mr. Ho Ho Tung Armen, the Chief Financial Officer and Board secretary, will be appointed as a member of the strategic development committee. All appointments will be with effective from 1 January 2019.

    Mr. Yang Ziyuan, Chairman and CEO of the Group, said, "Sichuan Development International Holdings Co., Ltd. has become the single largest shareholder of Tianyun International since 22nd October 2018, not only does Sichuan Development give us a high recognition in our past performance, but also provide a positive view to the future development of the Group.

    With the new appointment, I will continue lead the core management team and aim at developing the Group into a sizeable and multinational food and beverage enterprise.

    We will work together with Sichuan Development to unleash the potential of the Group. Through exploring more diversified, top quality, high-end and specialized agriculture products and raw materials, we will research and develop new types of food and beverage products, better quality and technology on food safety, and new ways of processing different types of agricultural products.

    We will also increase our market share by expanding our international and domestic sales network, promote high-quality agricultural products to the world, create high end brand and realise a win-win situation for all parties."

    About Tianyun International Holding Limited (Stock Code: 6863.HK)
    Tianyun International Holdings Limited (the "Company") and its subsidiaries (collectively referred to as the "Group") are principally engaged in (i) the production and sales of processed fruit packaged in metal containers, plastic cups and glass containers and ii) trading of fresh fruit. Processed fruit products are sold both on an OEM basis and under our own brands. On 7 July 2015, the Group was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited which had further consolidated our leading position in China's processed fruit product industry.

    The Group has been consistently committed to provide healthy and safe products to its customers. As one of the food enterprises with the most comprehensive list of overseas and local quality certifications, we have always been dedicated to following stringent international production standards and are accredited with BRC (A+), IFS Food (High), FDA, HALAL, SC, KOSHER, BSCI and ISO22000 etc in respect of our production facilities, quality control and management. The Group has also passed the internal food production standard reviews and audits from some of the UK and US supermarket chains.

    At the same time, within China, as a "Equal production line; Equal standard; Equal quality" food production and export enterprise, the Group has been supplying products of equivalent quality to domestic and international markets. Since 2016, the Group's own brand processed fruit products have continued to obtain a high degree of market recognition, and have been awarded by a national institution the honour and qualification of "China Canned Product Quality Certification Label", become the first fruit processor in China's fruit processing industry to put the authorized "Zero Added Preservative Canned Products" label for its products sold in China.
    For more information, please visit www.tianyuninternational.com


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

    0 0

    TOKYO, Dec 27, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced the acquisition of KMD Holding ApS, the holding company of KMD A/S (KMD), the largest Danish IT company. NEC is acquiring KMD for approximately 8 billion Danish Kroner (DKK) from Advent International, one of the world's largest and most experienced private equity investors. The acquisition is expected to be completed by the end of February 2019.

    NEC is a leader in the integration of IT and network technologies that benefit businesses and people around the world. This acquisition will accelerate NEC's global safety business, which it has positioned as a growth engine in its three-year medium-term management plan, the "Mid-term Management Plan 2020," and is promoting a shift towards service businesses that utilize horizontally deployable platforms. NEC is also expanding its business domain through the utilization of its advanced biometrics and artificial intelligence (AI) technologies to develop areas that include public safety, digital government and smart transportation. These initiatives are being implemented under the "NEC Safer Cities" program, which supports the realization of safe, secure, efficient and equal cities.

    KMD mainly provides software and IT services in Denmark through business models that generate profit continuously on a recurring basis, such as software as a service (SaaS) offerings. Specifically, KMD has a strong customer base among central and local governments and has a wide variety of software for supporting the digitization of Denmark, which is the top ranking country in the "UN E-Government Survey 2018," announced by the United Nations Department of Economic and Social Affairs. In addition, KMD has a successful track record of executing strategic M&A which has broadened its service offering in a number of key verticals.

    "Denmark and the United Kingdom are considered European role models for the implementation of unified digital government measures in order to improve administrative services and reduce costs," said Takashi Niino, President and CEO, NEC Corporation. "Through this acquisition, NEC will acquire a business model that leverages platforms in the digital government domain as it aims to expand business from northern Europe to the whole of Europe and globally."

    "This is an historic moment for KMD. Becoming a part of NEC will give KMD a new and very robust platform for the strategic development of our business. NEC develops cutting-edge technologies and has a global organization with strong capabilities," said Eva Berneke, CEO, KMD. "NEC is a world-renowned brand and like us has a strong history when it comes to the development of society through technology. NEC focuses on solutions for society and we are proud that NEC acknowledges our competencies in this respect. We look forward to working together on achieving new common goals and making even better products for our customers."

    NEC sees the acquisition as a good match with its strategic ambitions within the public sector. KMD has solid experience and a strong portfolio of software in this market segment. NEC technology and KMD software have many synergistic opportunities and both parties will benefit from the exchange and integration of products, know-how and competencies. NEC expects its cutting-edge AI technologies, "NEC the WISE" and its biometric technologies, "Bio-IDiom" to be among the areas of great mutual opportunity.

    Furthermore, NEC will promote the global reach of KMD's software by utilizing the NEC Group's sales channels, including the mutual sale of software between KMD and UK-based Northgate Public Services Limited, which NEC acquired in January 2018.

    NEC will continue to promote the development of its core technologies and solutions, while acquiring new customer bases, delivery resources, core technologies and business models through M&A and partnerships, in order to further expand the social solutions business, centering on the safety business, and to improve profitability.

    About KMD

    KMD is the largest Danish IT company. For more than 45 years, KMD has worked on the development, operation and maintenance of Denmark's biggest IT systems. Today, KMD develops and delivers software and service solutions for local government, central government and the private sector in Denmark and selected segments in Scandinavia. The KMD Group has subsidiaries in Norway, Sweden, Finland and Poland. The KMD Group has an annual revenue of around DKK 5.6 billion and around 3,200 employees. Read more at www.kmd.net.

    About NEC Corporation

    NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. The NEC Group globally provides "Solutions for Society" that promote the safety, security efficiency and fairness 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, visit NEC at https://www.nec.com.

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

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

    0 0

    Growth Momentum Expected to Slow Down in 2019

    HONG KONG, Dec 28, 2018 - (ACN Newswire) - Economic growth should continue its momentum in 2019, albeit at a slower rate, while the transition from bricks-and-mortar to online retailing will continue to gather pace, according to a worldwide study of year-end sales released today by the Hong Kong Trade Development Council (HKTDC).

    The report collected retail figures to analyse the year-end sales performance in Hong Kong's major exports markets, including both traditional and emerging markets. The survey results serve as a barometer of the economic health of individual countries and trading blocs and can help small and medium-sized enterprises (SMEs) to develop a more focused sales strategy for the coming year.

    HKTDC Deputy Director of Research Billy Wong said the retail sectors across different markets showed a mixed performance over the festive period, with the United States and various emerging markets showing robust growth, while certain traditional markets saw growth at a slower pace.

    "Holiday sales in the US increased by 5.1% to more than US$850 billion, registering the strongest growth in six years." Mr Wong said. "Overall consumer spending in Mexico during the shopping peak increased strongly by 8% to US$5 billion, while Germany's Christmas sales are expected to increase by 2% to hit a record-high of US$114 billion, although the growth has slowed from 3.8% over the same period in 2017. The retail performance of France and the United Kingdom remained gloomy over the holiday, overshadowed by anti-government protests and Brexit negotiations, respectively."

    Mr Wong explained that the transition from traditional bricks-and-mortar outlets to online retailing increased its pace over the course of 2018. "The practice of BOPIS - Buy Online, Pick Up In-Store - is gaining popularity and we may see the retail industry transition more towards the O2O, online-to-offline, model," he said.

    The study showed that consumer electronics such as TVs, tablets and smart home devices were among the most popular items across different markets. Other popular Christmas gifts included apparel, toys, books and cosmetics. In Europe, subscription-based gifts such as music and movie streaming services became a more popular gift option.

    Mr Wong said that economic growth should continue its momentum in 2019, but there is the possibility of a slowdown. "Given the growing uncertainties in the global environment, Hong Kong exporters should prepare for a possible economic slowdown in the coming year and capture any opportunities arising from the transition to a new retail model," he said.

    Highlights of the report

    United States

    * According to Mastercard SpendingPulse, which tracks both online and in-store sales for all payment types, holiday retail sales in the US increased 5.1% to more than US$850 billion, registering the strongest growth in six years. Thanks to a cold snap right before Christmas, apparel enjoyed its highest growth since 2010.

    * Favourable conditions, including positive developments in the domestic economy and the massive tax cuts put into effect earlier in the year, appeared to boost the shopping sentiment. In October 2018, American consumer confidence reached an 18-year high.

    * Consumer electronics including TVs, tablets, smart home devices and related accessories were the most sought-after products this Christmas. Other popular Christmas gifts included toys, books and cosmetics.

    Western Europe

    * Overall economic growth was sustained, but the retail sectors in some Western European countries were affected by political or economic uncertainties, and a possible spillover effect from Sino-US trade tensions.

    * The German Retail Federation (HDE), a major organisation representing the German retail sector, expected Christmas sales to increase by 2% to hit a record-high of US$114 billion, slowing down from growth of 3.8% over Christmas in 2017. German's retail performance was supported by robust economic indicators, including rising real wages and record-high employment since German reunification in 1990.

    * In France, the retail sentiment was dampened by the anti-government "yellow vest" protests, which began in November. The protests are estimated to have cost the country's retailers at least US$1.1 billion in revenue. Online sales in France were flat over the first nine days of December.

    * Amid the shadow cast by the ongoing Brexit negotiations, the UK's retail performance remained gloomy. Retail analyst Springboard reported a dropping high street footfall over the festive season.

    * Other signs of weak retail sentiment included store closures by major UK retailers. House of Fraser, Evans Cycles, Maplin and Poundworld all closed stores in the high street, while online retail giant ASOS recently issued a profit warning.

    * Smartphones, electronic gaming consoles, books, clothes and accessories were some of the best-selling items in Europe during this festive season. Consumers in Western European countries showed a greater interest in subscription-based gifts such as music and movie streaming services.

    Japan

    * Economic growth in Japan remains solid despite a string of natural disasters over the summer.

    * The retail sales figures from October showed the largest growth in the past 10 months. The momentum is likely to continue through the New Year sales in early January, which is traditionally the peak shopping season in Japan.

    Mainland China

    * Consumer demand remained robust.

    * Alibaba posted record sales of US$31 billion in the 10th edition of its annual online shopping event, Singles' Day, on 11 November. This represented growth of 27% over the previous year, but it was the lowest growth over the past 10 years.

    * Electronics and appliances such as smartphones, air conditioners, computers and gaming consoles remained in demand among Chinese shoppers. Other popular items included imported healthcare items, baby products and cosmetics.

    Emerging Markets

    * Supported by economic recovery, retail sales in emerging markets saw a robust increase in revenue over the festive season.

    * In Russia, an upcoming VAT rate hike that comes into effect on 1 January led to more consumers making purchases before the New Year. However, a Deloitte survey showed there are growing concerns over the sustainability of the current growth in the Russian economy, which may indicate an economic slowdown over the near term.

    * In Poland, a survey carried out by IBRiS, on behalf of Bank Millennium, said the total household spending for Christmas 2018 is estimated to reach US$6.3 billion, an increase of 8.6% compared to the previous year.

    * Improving economic conditions boosted Brazilians' Christmas spending. A survey conducted jointly by the National Confederation of Retailers and SPC Brasil, the Brazilian credit bureau, predicted that sales between 4 and 24 December would increase by about 2.7% - the highest growth since 2014 - generating revenue of US$13.6 billion for the economy.

    * In Mexico, the Confederation of National Chambers of Commerce (Concanaco Servytur) said that overall consumer spending during "El Buen Fin", Mexico's own version of Black Friday sales, increased strongly by 8% to US$5 billion.

    Link to the full report: https://bit.ly/2Aijr04

    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 50 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.

    Contact:
    Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@hktdc.org Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

    0 0

    HONG KONG, Jan 2, 2019 - (ACN Newswire) - Blockpass continues to provide fast, seamless and simple customer onboarding and verification as it announces a new integration with Korporatio. Improving the KYC process will enable Korporatio to focus on its mission of revolutionising the corporate legal form with blockchain technology and creating an ecosystem of decentralised blockchain-enabled legal entities. Through this integration, Blockpass and Korporatio provide a regulatory-compliant solution to facilitate the next generation of businesses.

    Korporatio is introducing the idea of a Smart Company - a globally-connected and blockchain-compatible company with its own legal identity provided by Korporatio. In providing this service, Korporatio will create legally recognised trading entities which can own assets, capital and employ people. Using smart contracts and blockchain technology, Korporatio will change the way that businesses start up and operate by removing bureaucracy and red tape that prevents progress.

    Blockpass is a digital identity application and service which brings control back to the user. Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the Blockpass Application, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services or token purchases.

    Through its integration of Blockpass' KYC verification process into its proprietary platform, Korporatio will be able to offer seamless and compliant user onboarding for new users. To celebrate the partnership, Korporatio will offer 40 free PASS Tokens for companies who incorporate using Blockpass seamless verification service, KYC Connect and for one-week only a 20% discount for Korporatio's services when customers on-board using the Blockpass KYC option. For company registration via Blockpass KYC services made between 2nd of January to 9th of January users will receive a 20% discount on Korporatio services.

    Korporatio joins a growing number of companies to enjoy Blockpass' quick and easy KYC compliance solution which is increasingly being employed by Blockchain companies such as Infinito, GoSecurity and DSTOQ. Companies such as these, as well as Korporatio, are using blockchain technology to create global solutions in a tokenised and efficient economy.

    To quote Stefano Covolan, founder of Korporatio: "It is amazing to have Blockpass on our side. Our goal to make Smart Company incorporation effortless is becoming more and more of a reality. Thanks to this partnership Korporatio users will be able to remove another human touch point during the incorporation process. We always emphasize how the community is the central point of our work, and I believe this collaboration shows exactly this!"

    Adam Vaziri, CEO of Blockpass, said: "We are excited to partner with Korporatio in their efforts to improve the experience of starting and running a business. At Blockpass we are dedicated to providing identity solutions and as we are developing a company identity solution to compliment our human identity verification solution we hope to continue to work closely with Korporatio as we progress. The future of business and commerce is through blockchain ecosystems and we are proud to contribute to furthering this goal."

    Blockpass has announced a number of key collaborations recently, most notably with Edinburgh Napier University for the creation of the pioneering new blockchain research laboratory, the Blockpass Identity Lab. With five fully funded Studentships and led by Professor Bill Buchanan, the Blockpass Identity Lab will focus on the creation of world-leading knowledge and innovation around citizen-focused systems which enshrine the right to privacy.

    About Blockpass IDN

    The goal of Blockpass IDN (http://www.blockpass.org/) is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.

    For more information and updates, please visit and sign up to the following:
    Promotional video: https://youtu.be/SvO2cw3e-SI
    Website: http://www.blockpass.org
    Medium: https://medium.com/@blockpass
    Twitter: https://twitter.com/BlockpassOrg
    Facebook: https://www.facebook.com/blockpassorg/
    Telegram: https://t.me/blockpass

    Contact: Caitlin Betts, +852 9733 4935, press@blockpass.org

    About Korporatio

    Korporatio is the first company in the world to enable fully legal Smart Companies (SC) through Blockchain technology on Ethereum. With its legal framework being complaint by Republic of Seychelles, a Smart Company is a hybrid of real-world International Business Company (IBC) and Decentralized Autonomous Organization (DAO), providing a method to transfer ownership and liabilities over real-world assets with actual value, enabling significant gains in speed, technical resilience and costs - and therefore a foundation to entirely different business models through a decentralized ecosystem.

    For more information and updates, please join the conversation here:
    Website: https://korporatio.com
    Twitter: https://twitter.com/korporatio
    Linkedin: https://www.linkedin.com/company/korporatio
    Discord: discord.gg/g3m33DZ

     
    Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

    0 0

    - The engineering, procurement and construction ("EPC") agreement to construct the MBT (Mechanical sorting, Biological drying and Treatment) project, which is considered an interested person transaction, was approved by shareholders at an EGM held on 31 December
    - The MBT project was awarded by the National Environmental Agency of Singapore to maximise recycling and resource recovery from municipal solid waste
    - Among the first five in Asia, the MBT project has a 20-year service concession and a planned daily waste treatment capacity of 500 tons per day


    Singapore, Hong Kong, Jan 2, 2019 - (ACN Newswire) - China Jinjiang Environment Holding Company Limited ("Jinjiang Environment" and together with its subsidiaries, the "Group or Company"; Stock Code: BWM), a leading waste-to-energy ("WTE") operator in the People's Republic of China ("PRC") and the region, has obtained shareholders' approval for, and is pushing ahead with, an EPC agreement to construct a pilot, first-of-its-kind mechanical biological waste treatment project in Singapore ("MBT Project").

    The MBT project, which has a waste treatment capacity of 500 tons/day, was initiated by the National Environmental Agency ("NEA") of Singapore as part of NEA's efforts to maximise recycling and resource recovery from municipal solid waste, maximise land-use and prolong the lifespan of Singapore's only landfill, maximise resource extraction for energy generation and harness MBT's potential as an alternative technology to treat municipal solid waste. When completed, the project, located in Tuas Avenue 2, will be among only five in Asia.

    Following a competitive tender initiated in November 2015, NEA awarded the tender with a 20-year concession period to a consortium comprising Hangzhou Jinjiang Group Co., Ltd. ("Jinjiang Group"), which is a controlling shareholder of the Company, and Eastern Green Power Pte Ltd ("EGP") in December 2016. While Jinjiang Group had intended for the newly-listed Group to undertake the MBT project instead, this was not possible due to strict project rules which did not allow the transfer of the tender from the consortium to another entity. Accordingly, Jinjiang Group and EGP jointly established JE Synergy Pte Ltd ("JE Synergy") to own and operate the MBT project.

    Jinjiang Environment has built up a track record of undertaking design, engineering and construction projects in China, Brazil and India, which are similar in nature to the MBT Project. Jinjiang Group intends for the Group to participate in the MBT project and to tap into Jinjiang Environment's experience and expertise in these projects. Accordingly, JE Synergy will engage JE Synergy Engineering Pte Ltd ("JE Synergy Engineering"), an associated company of Jinjiang Environment, to provide EPC related services to the MBT project for a contract sum of S$66,563,000.

    As the EPC agreement constitutes an interested person transaction, Jinjiang Environment had sought and obtained the approval of its shareholders for the EPC agreement at an extraordinary general meeting held today. Following the completion of construction of the MBT project, the Group may provide operations and maintenance services to the MBT project on an ongoing basis.

    Ms. Wang Yuanluo, Non-Executive, Non-Independent Chairman of Jinjiang Environment, said: "We are very excited to be driving a groundbreaking pilot project such as this in Singapore, being the first of its kind in Singapore and among the pioneering few MBT projects within Asia. It is a stepping stone to future collaboration opportunities outside the PRC and is in line with the Group's strategy to expand its footprint outside the PRC and become a global leader in the WTE industry. Already well-adopted in Europe, the MBT process represents one of the foremost standards of waste treatment globally and we want to cultivate our expertise in this area quickly to harness the growing opportunities here. In addition, the successful completion of the project in Singapore will serve as a high-profile demonstration project of JE Synergy Engineering's engineering and construction capabilities. As the Group is looking into the possibility of providing EPC services to other projects of Jinjiang Group or secure other similar EPC projects in Singapore, handling this project will provide us with the relevant credentials, in addition to the additional revenue it will bring."


     
    Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

    0 0

    HONG KONG, Jan 2, 2019 - (ACN Newswire) - Wai Chi Holdings Company Limited ("Wai Chi Holdings", together with its subsidiaries collectively known as the "Group") (Stock Code: 1305.HK) is pleased to announce that, on 28 November 2018, Zhuzhou Wai Chi Rail Special Lighting Technology Co., Ltd. ("Zhuzhou Wai Chi"), an associate of the Group, has successfully passed the China railway test and the expert evaluation and obtained the vendor qualification certificate approved by China Railway Material Procurement Platform 95306, enabling Wai Chi's railway special lighting and control system to contribute to the construction of China's smart railway stations.

    Mr. Yiu Chi To, Chairman and Executive Director of the Group said, "Zhuzhou Wai Chi successfully obtained the vendor qualification certificate approved by China Railway Material Procurement Platform 95306, embarking on a new journey of the Group in the railway market in China and also bringing new income resources for the Group. Leveraging on the past 30 years' excellent reputation of Wai Chi and our strong R & D and production capabilities, in the future, we believe that we can further promote the construction of China's smart railway stations. "

    About Wai Chi Holdings Company Limited (Stock Code: 1305.HK)
    Wai Chi Holdings Company Limited is an established LED products manufacturer focusing on producing LED backlight and LED lighting products on an OEM and ODM basis. Equipped with comprehensive production facilities in Shenzhen, Huizhou and Yichang in the PRC, the Group is capable of handling the requisite production procedures (including product design, mould production, mass production and quality control and maintenance) for LED backlight products and LED lighting products. The Group was listed on the Main Board of The Stock Exchange of Hong Kong Limited in November 2014 and its stock code is 1305. HK. In December 2018, Zhuzhou Wai Chi, a subsidiary of the Group, has obtained the vendor qualification certificate approved by China Railway Material Procurement Platform 95306, marking its entering of China's smart railway stations construction industry.


     
    Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

    0 0

    HONG KONG, Jan 3, 2019 - (ACN Newswire) - The Open Identity Exchange (OIX) today announced that Blockpass IDN Limited has joined the ranks of its membership.

    OIX is a non-profit, technology agnostic, collaborative cross sector membership organisation with the purpose of accelerating the adoption of digital identity services based on open standards. Digital identity verification service Blockpass is a perfect fit with OIX, as the business works towards its ultimate goal of the global realization of identity for the Internet of Everything.

    OIX runs multiple projects with industry leaders from competing sectors to find solutions to problems relating to identity, while supporting dialogue among its members with events and introductions.

    "Joining OIX is a great step for Blockpass, and we continue to build strategic alliances and partnerships within the digital identity space," said Adam Vaziri. "The exchange gives us the opportunity to grow, and meet other business in different sectors and industries that have the same devotion to digital identity that we do".

    "The Open Identity Exchange are delighted to welcome Blockpass to our growing list of members. Their goal of realising an identity for the Internet of Everything will be of interest to our existing members and the wider identity market," said Don Thibeau, Chairman of the Open Identity Exchange.

    Blockpass has continued to go from strength to strength in recent months, inaugurating the Blockpass Identity Lab in partnership with Edinburgh Napier University in September, while continuing to develop its digital identity protocol with continuous releases and updates. The Blockpass App is available from the App Store and Google Play.

    About Blockpass IDN

    The goal of Blockpass IDN (http://www.blockpass.org/) is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.

    For more information and updates, please visit and sign up to the following:
    Promotional video: https://youtu.be/SvO2cw3e-SI
    Website: http://www.blockpass.org
    Medium: https://medium.com/@blockpass
    Twitter: https://twitter.com/BlockpassOrg
    Facebook: https://www.facebook.com/blockpassorg/
    Telegram: https://t.me/blockpass

    About OIX

    The Open Identity Exchange is a non-profit, technology agnostic, collaborative cross sector membership organisation with the purpose of accelerating the adoption of digital identity services based on open standards.

     
    Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

    0 0

    L-R: Duncan Chiu, Executive Director and Co-chairman of the Venture Committee of the Hong Kong Venture Capital and Private Equity Association, and co-founder and Managing Director of Radiant Venture Capital; Stephen Liang, Assistant Executive Director of the HKTDC; Diana Cesar, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, HSBC; and James Chang, China Financial Services Consulting Leader, PwC
    Under the theme "Creating a Sustainable and Inclusive Future," the 12th Asian Financial Forum will be held on 14-15 Jan 2019 (Monday and Tuesday) at the Hong Kong Convention and Exhibition Centre (HKCEC). The picture shows one of the sessions at the 2018 event.
    Focus on 'Creating a Sustainable and Inclusive Future'

    HONG KONG, Jan 3, 2019 - (ACN Newswire) - Organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the 12th Asian Financial Forum (AFF) will be held on 14-15 Jan (Monday-Tuesday) at the Hong Kong Convention and Exhibition Centre (HKCEC). Under the theme "Creating a Sustainable and Inclusive Future", more than 120 policymakers, financial and business leaders and investors will examine hot topical issues in the global economy and explore new opportunities. Besides two keynote luncheons, this edition of the forum will see the introduction of four panel discussion sessions to explore a diverse range of issues. The newly launched FinTech Showcase will allow international financial institutions and technology corporations to showcase innovative solutions to the industry on site, promoting the use of new technology to help the industry stay competitive and create a more sustainable and inclusive future.

    Diana Cesar, Chairperson, Asian Financial Forum Steering Committee and Chief Executive, Hong Kong, HSBC, said: "The AFF has firmly established itself as the premier forum of the finance industry at the beginning of the year. While economic growth in Asia Pacific remains solid, its sustainability hinges on innovation and collaboration. This year's AFF will explore recurrent topics of interest, including financial innovation, technology and sustainability, as well as entrepreneurship. In fact, these are also the growth drivers of the Hong Kong economy. The combined wisdom of experts speaking at the AFF will give participants a richer appreciation to make informed decisions in the year ahead."

    Creating a Sustainable and Inclusive Future: Opportunities and Challenges

    The first plenary session on the first day of the AFF will explore ways to drive sustainable economic growth and build a better future in the face of opportunities and challenges around the world. James Lau, Secretary for Financial Services and the Treasury of the HKSAR Government, will chair the panel. Heavyweight speakers include Michael D'Arcy, Minister of State at the Department of Finance with special responsibility for Financial Services and Insurance, Ireland; Pierre Gramegna, Minister of Finance, Luxembourg; Lim Guan Eng, Minister of Finance, Malaysia; and Wang Zhaoxing, Vice President, China Banking and Insurance Regulatory Commission.

    The ever-changing area of international relations has a significant impact on the global economy and financial markets. A panel discussion on the theme "Managing Global Financial Risks and Opportunities in 2019" will see financial experts share insights on the global market and financial policies. The session will be chaired by Eddie Yue, Deputy Chief Executive, Hong Kong Monetary Authority, with panelists including Burkhard Balz, Member of the Executive Board, Deutsche Bundesbank; Dennis Beau, First Deputy Governor of the Banque de France; Saeb Eigner, Chairman, Dubai Financial Services Authority; and Jin Liqun, President and Chairman, Asian Infrastructure Investment Bank

    New Panel Discussions Launched in 2019

    Four new panel discussions will be held at the AFF this year, covering issues including "Global Investment in the New Economy", "Financial Innovation", "Start-ups & Entrepreneurship" and "Risk Management along the Belt and Road". The panel discussion on "Global Investment in the New Economy" will feature key specialists from the banking and financial services sectors to discuss investment risks and opportunities in an ever-changing financial situation against a backdrop increasingly dominated by New Economy start-ups and tech-based businesses. Speakers include Raja Easa Al Gurg, Managing Director, Easa Saleh Al Gurg Group LLC and President, Dubai Business Women Council; Raymond Chao, Chairman, Asia Pacific and Greater China, PwC and Non-Executive Chairman of the Board of Directors, AXA Group; John Flint, Group Chief Executive, HSBC Holdings plc; Nobuyuki Hirano, President and Group CEO, Mitsubishi UFJ Financial Group, Inc; and Michel M Lies, Chairman of the Board of Directors, Zurich Insurance Group Ltd.

    As FinTech rapidly transforms the economy and the financial sector at a global level, it has the potential to advance financial reforms and deliver sustainable development. The panel discussion on FinTech trends and regulations will feature Chris Church, Chief Business Development Officer, Digital Asset; Eddi Danusaputro, Chief Executive Officer, Mandiri Capital Indonesia; Soul Htite, Chairman and founder of Dianrong; Daisuke Iwase, Group Chief Digital Officer, AIA Group Limited; and Alex Kong, founder and Chairman, TNG FinTech Group.

    Two other panel discussions will focus on Start-ups & Entrepreneurship and Risk Management along the Belt and Road. Among those sharing their insights will be Justin Gong, co-founder and Vice President, XAG; Nisa Leung, Managing Partner, Qiming Venture Partners; Max Yuen, founder and Chairman, Shanghai Xiaoi Robot Technology; Peter Burnett, Managing Director, Regional Head, Corporate Finance, Greater China & North Asia, Standard Chartered Bank (Hong Kong) Limited; and Jayne Plunkett, CEO Asia and Member of Group Executive Committee, Swiss Reinsurance Company Ltd.

    Robert Zoellick Shares Views on Sino-US Trade Dispute and Global Economic Trends

    At the keynote luncheon on the first day of the AFF, former World Bank President Robert Zoellick will be the keynote speaker. Mr Zoellick has played an important role in Sino-US relations over the years. During his term as World Bank President, he collaborated with the Development Research Center of the State Council to drive economic development in Mainland China and has gained extensive insights into the global economy and the 40 years of development following the opening up of the country. Mr Zoellick will examine global economic prospects and the latest Sino-US trade situation, as well as ways to tackle innovation and achieve a more sustainable mode of development. Mr Zoellick will also interact with the audience and answer their questions.

    New FinTech Showcase Presents Innovative Solutions

    HKTDC Assistant Executive Director Stephen Liang said: "We hope the AFF can continue to promote Hong Kong's strength as an international financial centre and platform, attracting industries from around the world to look for investment opportunities, potential investors and financial partners, exploring new opportunities together and working towards building a sustainable and inclusive future using finance as a tool."

    Mr Liang explained that developing green finance, strengthening risk management and integrating innovation and technology into finance and other sectors can all help the market become sustainable. "To help participants capture FinTech opportunities ahead of their competitors, we have stepped up our game in the areas of innovation and technology, inviting companies to examine hot issues related to FinTech and the business sector through both the newly launched FinTech Showcase and our InnoTalks workshop series.

    The new FinTech Showcase launched at this year's AFF will enable international financial institutions and technological enterprises to present their innovative applications and solutions to the industry. Exhibitors include AlphaPoint, HSBC, Mitsubishi UFJ Financial Group, NEC, Prime Trust, PwC, TNG FinTech Group, as well as 4 Paradigm, Beijing Kuangshi Technology, BBD, China Payment & Clearing Network and Yusys Technologies from the mainland. The showcase will encourage the use of new technology in the industry to help it stay competitive and improve business efficiency in the face of new economic realities.

    InnoTalks Series Returns to Explore FinTech Issues

    Launched last year, the InnoTalks series returns in 2019 with various workshops on the second day of the forum that will explore technological issues relevant to the financial sector, including RegTech, InsurTech, developments in the Guangdong-Hong Kong-Macao Greater Bay Area, cultural transformation, fostering SMEs through FinTech, blockchain and internet security, and the use of technology in asset management. Renowned speakers including Alain Crozier, Corporate Vice President, Chairman and CEO, Microsoft Greater China, Tu Guangshao, Vice Chairman and President, China Investment Corporation, and Shirley Yu, Group General Manager, Visa Greater China, will help the industry get a better grasp of financial innovations that can boost competitiveness in an ever-changing economic environment.

    Sponsored again by the Financial Services Development Council, Hong Kong, the Breakfast Panel will be moderated by Laurence Li, Chairman, Financial Services Development Council, on the theme "Hong Kong's Role in the Changing Multilateral Trade Landscape". The panellists include Edward Yau, Secretary for Commerce and Economic Development of the HKSAR Government; Victor Fung, Group Chairman, Fung Group; Benjamin Hung, Regional Chief Executive Officer, Greater China & North Asia and Chief Executive Officer, Retail Banking and Wealth Management, Standard Chartered Bank; and John Slosar, Chairman of the Hong Kong-United States Business Council (Hong Kong Section) and Chairman, Cathay Pacific Airways Limited. The Sino-US trade dispute and struggles arising from Brexit arrangements have created uncertainties in global economic growth prospects. Together the panellists will explore the opportunities and risks for Hong Kong against the backdrop of recent economic and geopolitical developments, looking at what the city should do to safeguard its position as a leading international financial centre.

    The keynote luncheon on the second day will feature April Rinne, founder, Advisor and Investor, April Worldwide, and Head of the Sharing Economy Working Group, World Economic Forum YGL. Ms Rinne will discuss the latest developments in the sharing economy and examine ways for the industry to make use of financing channels such as peer-to-peer lending/insurance, crowdfunding and social payment facilities to improve efficiency and stay competitive, helping to create a sustainable financial environment.

    AFF Deal Flow Matchmaking Facilitates Collaboration for Start-ups

    Over the years, as well as bringing together elites from the world's finance and business sectors to share their insights on economic prospects and investment opportunities, the AFF has also served as a platform for investors and project owners to explore cooperation. This year's forum will once again co-organise the AFF Deal Flow Matchmaking session with the Hong Kong Venture Capital and Private Equity Association to provide pre-arranged deal-sourcing and matchmaking meetings for project owners and investors. Involving more than 500 investment projects, it will cover manufacturing and environment technology, digital technology, FinTech, healthcare technology, infrastructure and real estate services, education, environment and energy, and agriculture. Some 700 one-on-one meetings are expected to be arranged.

    The InnoVenture Salon is back for the second time on an expanded scale and with enriched content, making it the ideal platform to connect start-up companies with potential investors and partners. The salon continues to receive the support of 60 investment mentors, institutional partners and collaborators, along with new overseas collaborators from Germany, Singapore, Korea and the United States, to meet with start-ups on site. About 50 start-ups will showcase their products and ideas at the Startup Zone, while industry experts will offer practical tips on growing a successful start-up business at the Startup Clinic.

    To capture opportunities brought about by technological advances, Fireside Chat will feature Bonnie Cheung, Venture Partner at 500 Startups, and Jay Liang, founder & Co-chairman of the Hong Kong Blockchain Association, together with industry pioneers from Hong Kong, the United States and Germany, to share insights into artificial intelligence and blockchain technology applications, financial and regulatory technology, biotech and healthcare technology, providing practical tips on becoming a successful entrepreneur. Fledgling companies can enjoy one-on-one meetings with business partners through Investor Alley, helping them to share their financing needs with potential investors. The HKTDC and the International Finance Corporation (IFC) will continue to co-organise a workshop to discuss Asian entrepreneurship and start-ups in Asia, exploring how technological developments will attract investors in the region and examining how Asian entrepreneurs and start-ups can attract funds and explore cross-sector opportunities.

    Event website: www.asianfinancialforum.com
    Programme: http://www.hktdc.com/ncs/aff2019/en/s/programme.html
    Speakers: http://www.hktdc.com/ncs/aff2019/en/s/speakers.html
    Photo download: https://bit.ly/2GPkb2k

    Members of the media interested in interviewing the speakers can fill out the form (https://bit.ly/2PB3VB2) and email it to sunny.sl.ng@hktdc.org by 4 Jan 2019.

    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 50 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.

    Contact:
    Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

    Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

    0 0

    - Next-generation workhorse derived from all-new Lexus LS 500h flagship joins automated test fleet in spring
    - Toyota Guardian and Chauffeur Automated System Development Accelerates

    TOKYO, Jan 4, 2019 - (JCN Newswire) - Next week, the bright lights of Las Vegas will once again shine on the Toyota Research Institute (TRI) when it introduces the TRI-P4 automated driving test vehicle on January 7 at CES. The P4 is based on the all-new fifth-generation Lexus LS flagship sedan and will be used in TRI's two-track Guardian and Chauffeur automated driving system development.

    "Our Chauffeur development is focused on full autonomy, where the human is essentially removed from the driving equation, either completely in all environments, or within a restricted driving domain," said Ryan Eustice, senior vice president of automated driving at TRI. "Guardian, on the other hand, is being designed to amplify human performance behind the wheel, not replace it. The introduction of the new P4 platform will help us accelerate the development of both tracks when it joins our fleet this spring."

    The P4 benefits from Lexus' new generation of chassis and steering control technology, which provides greater agility and allows for more responsive and smoother maneuvers during automated driving.

    P4 adds two additional cameras to improve situational awareness on the sides and two new imaging sensors--one facing forward and one pointed to the rear--specifically designed for autonomous vehicles. The imaging sensors feature new chip technology with high dynamic range. The radar system has been optimized to improve the field of view, especially for close range detection around the vehicle perimeter. The LIDAR sensing system with eight scanning heads carries over from the previous test model, Platform 3.0, and morphs into the new vehicle design.

    P4 is a much smarter research vehicle than its predecessor. With greater computing power, its systems can operate more machine learning algorithms in parallel for faster learning. It can process sensor inputs faster and react more quickly to the surrounding environment. All computing system power is now drawn from the vehicle's hybrid battery with the 12v battery now serving only as a backup.

    The compute box in the trunk, which serves as the "brain" of the automated driving system, has been reimagined. It is now tucked vertically against the rear seat transom, folding down to access the circuitry. This frees up the entire floor of the trunk for hauling cargo.

    TRI once again tapped CALTY Design Research in Ann Arbor, Mich. to handle styling.

    "We took a holistic approach to integrating autonomous componentry into the design of the new LS," said Scott Roller, senior lead designer at CALTY Design Research. "The result is a fluid surface embracing advanced technology loosely inspired by science fiction in the graphic separations between form and function."

    TMNA R&D's Prototype Development Center in York Twp., Mich. will begin fabricating P4 vehicles from stock models this spring.

    P4 will make its public debut during Toyota's CES press conference at 1:00 p.m. PT on January 7. As part of the event, TRI CEO Dr. Gill Pratt will present recent technological advances in its Guardian automated driving.

    Media can also see P4 on display in the Lexus exhibit at Detroit's Cobo Center during media preview days of the North American International Auto Show on January 14 and 15.

    About Toyota Motor Corporation

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

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

    Copyright 2019 JCN Newswire. All rights reserved. www.jcnnewswire.com

older | 1 | .... | 319 | 320 | (Page 321) | 322 | 323 | .... | 326 | newer