Quantcast
Channel: ACN Newswire
Viewing all 19369 articles
Browse latest View live

HK Regulatory Authorities cannot turn a Blind Eye to the Malicious Acts of Short-Sellers

$
0
0

By Finet News Service, all rights reserved.

HONG KONG, May 10, 2017 - (ACN Newswire) - Short-sellers have been terrorising the Hong Kong capital markets for years with private enterprises facing short-selling attacks that caused their stock prices to plummet. Among them, Tech Pro (03823-HK) experienced a horrific 90% drop in its stock price after the release of a short selling report; and Fullshare (00607-HK) had to apply for a suspension after an attack from Glaucus which caused its price to drop 12%. As their name implies, short-sellers are in the business of digging up dirt on listed companies, and then profiting from their price drop caused by short selling reports, all of which are part of an elaborate trap set early ahead of time. Such activities have already aroused market criticism, and have caused individual investors severe damages. In face of such a situation, where can investors voice their complaints?

Being a mature financial market, Hong Kong has an abundance of corporate investors who are involved in long term investment and also other short term investment activities. In long term investment, various strategic measures are taken in order to hedge risk, such as options and futures trading, and sometimes, short selling might be used as a way to adverse risk. Therefore, Hong Kong never prohibits the act of short selling, that is if investors can bind by the rules while maintaining a sufficient supply, then they can short sell a stock. Even when European markets were restricted from short selling listed companies during the 2008 Financial Crisis, the Hong Kong Exchanges and Clearing (00388-HK) still permitted investors to short sell, which was a testament of the faith regulatory authorities had in investors.

--How do short-sellers work with corporate investors to profit?

Since the 2008 Financial Crisis, regulatory authorities have established a short position reporting regime to make information available to the public when a listed company is at a short position; however, the purpose is not to ban or limit the act of short selling, but to increase market transparency, and to provide market participants with a fair battlefield.

However, short-sellers have taken advantage of the long-standing system of the Hong Kong market in recent years by publishing short selling reports to 'complement' its short selling activities to make a profit. If research organisations were to find a 'flaw' in existing and open records and reported it, that would have been an accepted practice. But is it ethical and a conflict of interest for a research organisation to be researching on a listed company and 'plotting' against it using the potentially negative news? Will that create an imbalance of information? And when short-sellers borrow shares, will the borrowers learn about their true intentions? If the borrowers were willing to lend their shares to short-sellers despite the truth, and even profit from the process, would this be appropriate? Considering the chaos the market will face and the losses investors will suffer, related organisations should think twice before they act.

Amongst the multiple attacks short-sellers launched against Hong Kong listed companies, the most notable example is that of China Metal (00773-HK before delisting). Trading of the company's stocks was suspended after the release of a short selling report, and the Securities and Futures Commission later found that the company had committed false accounting fraud, which resulted in the delisting and liquidation of the company. Rotten apples exist in every capital market, if a research organisation could expose their flaws, that would benefit all investors; but unfortunately, many short selling reports contain 'evidence' that is unverifiable, causing investors to sell their shares due to panic and confusion, with the price only stabilising when the listed company made a clarification announcement. The losses investors suffered become the profits of short-sellers and their associates. At the same time, short-sellers are often not held responsible or accountable for their interference in stock prices with their short selling reports, monetary losses of investors or the damage done to the reputation of listed companies. Since these short-sellers are not licensed, they are not regulated by any authority, and the disclaimer in their reports also acts as a jail free card.

--Are short-sellers in violation of market misconduct?

According to the Securities and Futures Ordinance, market misconduct includes :
- Insider trading
- False trading
- Price rigging
- Disclosure of information about prohibited transactions
- Disclosure of false or misleading information inducing transactions
- Stock market manipulation

Since short-sellers are not licensed in Hong Kong, the credibility of their short selling reports are also in doubt. Furthermore, does anyone check the factual information in the report? And is there a conflict of interest since the report clearly stated the target company's target price and valuation? Based on the six acts of market misconduct listed above, do short selling reports pose any violation of price rigging and disclosure of false or misleading information inducing transactions?

--Does the disclaimer in the short selling report act as a jail free card?

The multiple attacks short-sellers launched against Hong Kong listed companies with questionable information had brought on the reputation of listed companies and also lawsuits. The best example is the case of Evergrande Group (03333-HK). When Citron Research published a short selling report in June 2012 claiming that the company was already at a point of becoming insolvent, Evergrande called the police, and the Securities and Futures Commission filed for a lawsuit against Citron. As a result, the Market Misconduct Tribunal found Andrew Left, the founder of Citron, guilty of market misconduct, the verdict required him to repay the HK$1.6 million profit he made from Evergrande, and banned him from participating in market activities in HK for five years. Ruinian International (02010-HK), which was attacked by the short-seller Glaucus, filed a lawsuit in the US. Though the two parties reached a settlement at the end, it was the proof that the claims made by short-sellers lacked creditability, and their disclaimer does not always offer them a jail free card.

Short selling makes up part of the Hong Kong capital market, and if investors stuck by the rules when short selling and only used it to hedge risk, there would be no complaints from market participants. However, how short-sellers utilise short selling reports to coordinate with their short selling activities to make a profit is against market ethics. Will the doings of short-sellers be in violation of the six market conducts? The Securities and Futures Commission and other regulatory authorities should work to have these short-sellers licenced so to increase market transparency and fairness.

(C) Finet News Service, http://bit.ly/2q5riHS.

Media Contacts:
Sunny Wan
+852 2153 7297
sunnywan@finet.com.hk

Wells Pan
+852 6925 6988


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Telecom Digital Transfers Listing from GEM to Main Board of SEHK

$
0
0

Telecom Digital has successfully transferred listing from GEM to the Main Board of HKSE. (from left to right) Mr. Cheung King Fung Sunny, Chief Executive Officer & Executive Director, Mr. Cheung King Shek Alex, Chairman and Executive Director of Telecom Digital Holdings Limited, Mr. Alex Arena, Executive Director and Group Managing Director of HKT, Mr. Cheung King Shan Billy, Executive Director and Mr. Cheung King Chuen Bobby, Executive Director of Telecom Digital Holdings Limited
HONG KONG, May 10, 2017 - (ACN Newswire) - Telecom Digital Holdings Ltd ("Telecom Digital" or the "Company"; SEHK: 6033) announced that its shares commenced trading today on the Main Board of the Hong Kong Stock Exchange under the new stock code 6033. The Company's shares were previously listed and last traded on GEM (stock code: 8336) yesterday (9 May 2017).

Telecom Digital and its subsidiaries (the "Group") is one of the leading comprehensive telecommunications service provider in Hong Kong. The Group mainly operates telecommunications and related business, including retail sales of mobile phones of various brands and pre-paid SIM cards, distribution of mobile phones and related business, provision of paging and other telecommunications services and provision of operation services to SUN Mobile. The Group has been actively expanding its retail and operation business. As at end of April 2017, it runs a total of 69 shops. Building on its extensive shop network, the Group affords a wide exposure to potential customers and is also able to effectively promote its services and provide convenient, efficient and quality services to customers.

The Company recorded a 3.4% increase in profit attributable to the owners to HK$89.7 million for the year ended 31 March 2016 as compared with the previous year. For the nine months ended 31 December 2016 compared with the corresponding previous period, the Group's profit attributable to the owners climbed 15.5% to HK$72.4 million, reflecting mainly the increase in operating service income. The Company has declared a total dividend of HK0.1 cent for the financial year 2015/16, representing a dividend payout ratio of 45.45%.

Mr. Cheung King Shek Alex, Chairman and Executive Director of Telecom Digital Holdings Limited, said, "The listing of Telecom Digital on the Main Board of SEHK today marks another important milestone in the company's development. We believe transferring to the Main Board will enhance the Group's profile, strengthen public and investor recognition of our business as well as improve the trading liquidity of our shares, and give us financing flexibility, all of which will benefit future growth of the Group. We see and aim to capture opportunities that can enable us to grow our business and create long-term value for shareholders."

Looking ahead, to diversify its business, the Group will study the feasibility of engaging in e-commerce in Hong Kong. The Group plans to develop an e-commerce platform accessible via the Internet, mobile apps, multi-media terminals at its shops and other online to offline networks. Its hope is, that on the back of its extensive shop network and proven logistics system, it will be able to create synergies and generate revenue from B2C operations, and thereby drive the Group?s continuous growth.

The Group has been working closely with various telecommunication-related services providers for many years, including with HKT Limited ("HKT"; stock code: 6823), and Mr. Alex Arena, Executive Director and Group Managing Director of HKT, who attended today's listing celebration dinner.

Telecom Digital has partnered with HKT in operating SUN Mobile, and has benefited from the synergies generated from such ties, consequently making steady strides in the market. With the listing of Telecom Digital on the Main Board of the Hong Kong Stock Exchange, the Group is confident in accelerating its development in the new capital platform, and thereby elevate its business to new heights.

About Telecom Digital Holdings Limited (Stock code: 6033)
Telecom Digital, one of the first paging operators in Hong Kong, was founded in 1974. In the past over four decades, the Group has been operating retail sales and distribution of mobile phones in Hong Kong and provision of paging and other telecommunications services in Hong Kong and Macau and it is also providing operation services to SUN Mobile. The Group has its own paging and Mobitex-based network system, a network of 69 shops and a logistics team comprising 28 staffers and 13 trucks in Hong Kong as at end of April 2017.

For more information about Telecom Digital, please visit: http://www.telecomdigital.cc/

Media Enquiries:
Strategic Financial Relations Limited
Iris LEE +852 2864 4829 iris.lee@sprg.com.hk
Joanne LAM +852 2864 4816 joanne.lam@sprg.com.hk
Rachel WONG +852 2864 4873 rachel.wong@sprg.com.hk



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Printed 'coffee rings' avoided with nanofibers

$
0
0

Photographs of dried colloidal mixtures of polystyrene particles (diameter 1.4 um) and cellulose fibers (diameter ca. 20 nm, length ca. 1 um). The polystyrene concentration is fixed at 0.1 wt%, and that of cellulose is 0 (a), 0.01 (b) and 0.1 wt% (c).
Cellulose nanofibers can help particles in ink and printed electronics disperse evenly, rather than spread apart like dried coffee rings.

Tsukuba, Japan, May 10, 2017 - (ACN Newswire) - Drying is an important part of printing words and electronics. Particles suspended in liquid are applied to a surface and the liquid evaporates leaving the particles behind. Many times, the particles dry unevenly because of the so-called 'coffee ring effect'. Much like when spilled coffee dries up and leaves behind a hollow ring, particles tend to move to the outside of the liquid droplet. This is a problem, particularly for printed electronics, which require uniform application of a liquid for maximum performance.

Cellulose nanofibers offer an environmentally friendly and effective solution to this problem, explain researchers from Japan in a paper recently published in Science and Technology of Advanced Materials.

The researchers tested three different concentrations of cellulose nanofibers added to a solution with suspended particles. They also tried increasing the particle concentration in a solution with no added nanofibers. They photographed the drying process under a microscope over time.

The solutions with nanofibers dried much more evenly than those without. Instead of a hollow ring, the particles condensed into a solid dot, slightly shrinking in size as the liquid evaporated. Particles in the mixtures with nanofibers also moved at a consistent pace. There was no final rush to the periphery as was observed in the solutions without nanofibers.

The researchers conclude that cellulose nanofibers can improve the drying process and avoid problems stemming from uneven drying, such as degradation of paint coatings, clarity of printed characters on paper, and conductivity of printed electronics.

Once the solution dries, the nanofibers are left behind along with the desired particles. How the nanofibers impede or benefit material performance is a topic for further research.

"The addition of cellulose nanofibers may alter the electrical resistivity of conductive wires in the printed electronics, but the fine tuning of the concentration might be exploited for the control of electric resistivity itself," write the research team from Tokyo University of Agriculture and Technology, and Nagoya University.

Article information:
Yuto Ooi, Itsuo Hanasaki, Daiki Mizumura and Yu Matsuda
"Suppressing coffee-ring effect of colloidal droplet by dispersed cellulose nanofibers"
Science and Technology of Advanced Materials, 2017, 18:1, 316-324.
http://dx.doi.org/10.1080/14686996.2017.1314776

For further information please contact:
Itsuo Hanasaki,
Institute of Engineering,
Tokyo University of Agriculture and Technology,
Naka-cho 2-24-16, Koganei-shi, Tokyo 184-8588 Japan
hanasaki@cc.tuat.ac.jp

Journal information
Science and Technology of Advanced Materials (STAM), http://www.tandfonline.com/stam is an international open access journal in materials science. The journal covers a broad spectrum of topics, including synthesis, processing, theoretical analysis and experimental characterization of materials. Emphasis is placed on the interdisciplinary nature of materials science and on issues at the forefront of the field, such as energy and environmental issues, as well as medical and bioengineering applications.

For more information about STAM please contact
Mikiko Tanifuji
Publishing Director
Science and Technology of Advanced Materials
E-mail: TANIFUJI.Mikiko@nims.go.jp

Press release distributed by ResearchSEA for Science and Technology of Advanced Materials.


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

CLX Communications AB (publ): CLX acquires Dialogue Group Ltd.

$
0
0

Significantly adding geographical reach, network expansion, and key security software assets.

STOCKHOLM, SWEDEN, May 11, 2017 - (ACN Newswire) - CLX Communications AB (Publ) ("CLX") - a leading global provider of cloud-based communications services, announces that it has acquired Dialogue Group Ltd. ("Dialogue"), a global provider of mobile messaging and security services.

"Our vision is clear; we are building the world's leading CPaaS company. The acquisition of Dialogue is the next natural step in executing on the strategy we outlined at our IPO in October 2015," said Johan Hedberg, President, and CEO of CLX Communications.

Founded in 1994, Dialogue is one of the leading global mobile messaging and secure communications companies, with a particularly strong Tier 1 network in the Asia-Pacific Region. Through the acquisition, CLX will strengthen its customer base in the UK and Australia and add Tier 1 operator connections in New Zealand, Singapore, Malaysia, Bangladesh, Vietnam, Cambodia, Japan, Philippines, Indonesia, and Egypt.

The acquisition will also add Dialogue's Sentinel Security Solution, a powerful and innovative software solution for mobile operators, to CLX's existing product portfolio. The Sentinel product will further strengthen CLX's position as a supplier of fraud and security solutions to mobile operators worldwide. The solution may significantly reduce industry fraud such as global title faking and help operators capture significant revenues that might otherwise be lost. Sentinel, in combination with CLX's existing security solutions, will constitute one of the most powerful threat detection and prevention toolboxes in the industry today.

Background and rationale for the acquisition of Dialogue Group Ltd.

The market for enterprise cloud-based communications - those between a company's business-critical applications and its customers or things - is growing rapidly, whether it be text messaging, voice- or video based solutions or the Internet of Things (IOT).

The acquisition of Dialogue will bring a number of benefits:

- Speed up CLX's market entry into key Asia-Pacific countries such as New Zealand, Singapore, Malaysia, Bangladesh, Vietnam, Cambodia, Japan, Philippines, and Indonesia.
- Further expand CLX's Tier One Super Network by adding a number of mobile operators in predominantly the Asia-Pacific region.
- Add innovative security products and functionality to the CLX product portfolio offered to the company's mobile operator customer base and Tier 1 operator partners.
- Expected to yield net synergies of approximately GBP 1 million compared to Dialogue's rolling 12-month profit.

The acquisition of Dialogue will be CLX's fourth acquisition since the IPO in 2015. Mblox, acquired in 2016, gave CLX a strong position in the US and has yielded significant cost and revenue synergies. Sinch, also acquired in 2016, added leading-edge capabilities in voice and video communications. The acquisition of Xura Secure Communications earlier this year provides CLX with a strong position in Germany, Austria and Switzerland.

Information about Dialogue Group Ltd

Dialogue is one of the leading SMS messaging and security product provider based in Sheffield, UK. The company has a total of 49 employees based in London, Sydney and Singapore. In addition to delivering messaging solutions to Enterprises, Dialogue provides A2P SMS monetization software and services to many Mobile Network Operators primarily in the Asia-Pacific Region, but also around the world. Dialogue processes roughly 1.7 Billion messages annually across more than 10 countries.

In Dialogue's Financial Year 2016 (ended July 30, 2016) revenues were GBP 32 million, gross profit was GBP 7.9 million and EBITDA was GBP 2.8 million, equivalent to an EBITDA margin of 8.8 percent.

In the twelve-month period ended February 2017 revenues were GBP 36.7 million, gross profit was GBP 11.5 and reported EBITDA was GBP 5.2 million, equivalent to an EBITDA margin of 14.2 percent.

Price, financing and timetable

- CLX is acquiring Dialogue Group Ltd. at a price of GBP 32 million on a cash- and debt free basis.
- The purchase price is equivalent to 6.1 x EBITDA, based on EBITDA for the twelwe month period ending February 2017. Net synergies of approximately GBP 1 million are expected for the coming 12 - 18 months.
- The purchase price is being paid in cash and CLX has secured financing through a credit facility provided by Svenska Handelsbanken and Danske Bank.
- Integration work will start immediately. It is expected to take 12 - 18 months and is targeted to be completed by fall of 2018.

For further information, please contact:
Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications AB (publ.)
Mobile: +46-768-966300
E-mail: thomas.ahlerup@clxcommunications.com

About CLX Communications

CLX Communications (CLX) is a leading global provider of cloud-based communication services and solutions to enterprises and mobile operators. CLX's mobile communication services enable companies to quickly, securely and cost-effectively communicate globally with customers and connected devices - Internet of Things (IoT). CLX's solutions enable business-critical communications worldwide via mobile messaging services (SMS), voice services and mobile connectivity services for the IoT. CLX has grown profitably since the company was founded. The Group is headquartered in Stockholm, Sweden, and has presence in a further 20 countries.

CLX Communications' shares are traded at NASDAQ Stockholm - XSTO:CLX.

To learn more please visit: www.clxcommunications.com

About Dialogue

Dialogue Group is the longest established international A2P SMS messaging company having helped customers since 1994. It has extensive knowledge and experience of all aspects of the A2P market and through its A2P SMART Hub - a unique solution that helps operators filter and control their A2P traffic - the company enables MNOs to successfully monetize their A2P traffic and realize sustainable revenues. Currently, Dialogue Group works with over 50 of the world's leading mobile networks in fourteen markets including countries such as Japan, Cambodia, Bangladesh, Egypt, Ireland, the UK, Australia and New Zealand. Dialogue Group is a member of GSMA which represents the interests of mobile operators worldwide. Headquartered in London. The company has offices in Sheffield, Sydney and Singapore.

For more information visit www.dialogue.net.

Important information

This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts and include expressions such as "believe", "estimate", "anticipate", "expect", "assume", "predict", "intend", "may", "presuppose", "should" or similar. The forward-looking statements in this release are based on various estimates and assumptions that in several cases are based on additional assumptions. Although CLX believes these assumptions were reasonable when made, such forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that are difficult or impossible to predict and that are beyond CLX's control. Such risks, uncertainties and important factors could cause the actual results to differ materially from the results expressly or implicitly indicated in this communication through the forward-looking statements. The information, perceptions and the forward-looking statements in this release apply only as of the date of this release and may change without notice.

Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation. This information is information that CLX Communications AB (publ) is obliged to make public pursuant to the EU market abuse regulation and was submitted for publication under the auspices of the above contact on 10 May 2017 at 16:10 CET.

170510 CLX acquire Dialogue_ENG_FINAL: http://hugin.info/173289/R/2103336/797956.pdf


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Judges in the Court of Appeal to decide if BNP Paribas has breached Singapore banking regulations

$
0
0

SINGAPORE, May 11, 2017 - (ACN Newswire) - Singapore's highest court will decide tomorrow morning, Friday 12th May, whether investors should have the right to hold banks based in Singapore to account. BNP Paribas are attempting to ignore Singapore's banking regulations, with respect to a multi-billion dollar merger. The case will set an important legal precedent regarding investor rights and the extent to which multi-national banks can 'opt out' of Singaporean law.

Legal proceedings were brought by a number of BNP clients, including the prominent Israeli-British businessman Jacob Agam, who questioned the validity of BNP's bank's $16 billion merger with its Singapore arm, BNP Wealth Management. The merger was invalid as two parts of BNP's business merged without seeking prior consent from Singapore's main financial authorities - the High Court of Singapore and the Singaporean Finance Minister. Permission from both authorities has long been required under multiple sections of the Singapore Banking Act.

The case was first heard by the Singapore International Commercial Court on 17 February 2017, which upheld the controversial merger on the basis that BNP had complied with French banking law, rather than the relevant Singaporean financial regulations.

If Singapore's highest court, the Court of Appeal, decides to uphold the contentious SICC decision this week, there will be significant ramifications for Singapore's multi-trillion dollar financial services industry and for local as well as foreign investors who hold assets with banks based in Singapore.

Mr. Agam commented "The Singapore authorities need to ensure that depositors and investors, both locally and internationally, are protected when investing in banks based in Singapore. There needs to be a dependable system of regulation in Singapore. If the judiciary decide to uphold the SICC decision, they will be telling the world that banks based in Singapore can ignore Singaporean law with impunity, and will become the only country in the world where big banks can pick and choose whether they will be regulated."

The appeal will be heard at 10:00AM SGT in the High Court of the Republic of Singapore (Court of Appeal) by Chief Justice Sundaresh Menon, Judge of Appeal Judith Prakash and Justice Dyson Heydon.

For media enquiries, please contact:
Luke Chauveau, Bell Pottinger
lchauveau@bellpottinger.com

Nikhita Sethi, Bell Pottinger
nsethi@bellpottinger.com


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

13th Shenzhen Cultural Industries Fair - China Animation Sub-venue Opens to Visitors Today

$
0
0

China Animation's "World-leading Theme Park" Presents New Experience, New Entertainment and New Culture and Creativity

Shenzhen, May 11, 2017 - (ACN Newswire) - China Animation Characters Company Limited ("China Animation" or "the Group;" stock code: 1566.HK), a leading multimedia animation enterprise, announced that the Sub-venue of the 13th China (Shenzhen) International Cultural Industries Fair ("ICIF") at the Longgong China Animation Creative Industry Park ("China Animation Industry Park") is open from 3 p.m. today to 15 May. The Sub-venue event is presented as a "World-leading Theme Park that presents New Experience, New Entertainment and New Culture and Creativity". The theme park has three major feature areas, namely CA SEGA JOYPOLIS, CA SEGA VR and CA SEGA Wonder Forest, on top of Super IP, eight special highlights and 12 other creative activities.

Three World-leading Theme Parks + Super IP Develop Hand-in-Hand Leading the Trend

In January 2017, China Animation acquired controlling stake in CA SEGA JOYPOLIS LTD. in Japan, which saw it become a world-leading developer and operator of indoor amusement parks and owner of the world's No.1 large-scale indoor amusement park SEGA JOYPOLIS in five major cities, namely Tokyo, Shanghai, Osaka, Qingdao and Dubai. China Animation has developed four industry-leading segments: top indoor amusement park - CA SEGA JOYPOLIS, top indoor amusement park for kids - CA SEGA Wonder Forest, virtual reality theme park - CA SEGA VR, as well as the business that covers all aspects, main and peripheral, of the entire IP-protected animated game industrial chain.

JOYPOLIS Tokyo under CA SEGA has 21 years' history and had entertained close to 20 million visitors. The other four JOYPOLIS together receive more than 5 million visitors a year. Shanghai JOYPOLIS is exclusively operated by China Animation and was opened at Shanghai Global Harbour on 6 February 2016. Spanning 8,500 sq.m., it offers more than large-scale and medium to small-scale amusement amenities, former more than 20 and latter more than 180.

China Animation has developed several dozens of original VR games such as Violet's Dream, Han Ba Gui and upgrades them continually. Tokyo JOYPOLIS homes the only VR game center in Asia commercially operated by Zero Latency VR in Asia. This attraction prides a full house every day and those who wish to have an experience have to make reservation. Zero Latency VR, which has its roots in Australia and the US, is the world's first immersive VR multi-player game that can give players the most realistic VR action experiences.

CA SEGA Wonder Forest is designed for the family with kids. It was rated "The Most Popular Merchant" in the US in 2016 by the public. Its first amusement park opened on 1 January 2015, followed by the next of 1,100 sq.m. on 29 July 2016.

China Animation owns the intellectual property (IP) rights to a number of renowned animation characters, including two of China's Top 10 Cartoon Characters, namely "Hanbagui" and "Violet", as well as the films and animation TV dramas including "The King of Tibetan Antelope", "Rabbit & Tortoise", "Animal Conference on the Environment" and "Amazing UU". It also owns all copyrights of the internationally famous IP "Aoki Lapis" in Asia and works closely with a number of major IP brands around the world (such as Transformers in the US, SEGA's SONIC the Hedgedog, and Initial D, etc.).

China Animation Signs Agreements with Overseas China Town (OCT) and Yitian Group on Theme Parks Related Cooperation

At the opening ceremony of the Sub-venue event, China Animation and several China's leading property companies, such as OCT and Yitian Group, signed agreements on theme parks related cooperation, entailing the introduction of CA SEGA's JOYPOLIS, and VR and Wonder Forest theme parks to first-tier cities such as Beijing and Shenzhen.

China Animation will also cooperate with the Dingxing County People's Government in Hebei to build a China Animation Culture and Creative Theme Park, with the aim of developing an international cultural brand for Dingxing County in line with the country's Beijing-Tianjin-Hebei integration aspiration and the national development strategy for the Xiong An New Area.

Presents 12 innovative activities that promise new experience, new entertainment and new culture and creativity

At this year's ICIF, the Longgong China Animation Creative Industry Park Sub-venue displays fully the CA SEGA JOYPOLIS LTD. concept. More than a dozen industry-leading VR game devices grouped under the space, military, cross-country and [extreme action] series are availed to the public in the CA SEGA VR Theme Zone. The "Internet + VR Game Contest" that adopts e-game model the first time is another eye-catching event. It ranks players on the spot and players compete on speed to win grand prizes.

The Group also focuses on developing CA SEGA Wonder Forest. It launched numerous projects featuring innovative concepts and hip and cool technologies under the Wonder Forest brand at the event. They included AI smart + digital gallery, traditional + digital interactive ocean world, smart + digital interactive orb and small smart amusement park, etc. The AI smart + digital gallery integrates AR, MR and VR technologies and supports switching of use of the technologies in the three scenes of Wonder Forest, Wonder Ocean and Abstract World, allowing children to vividly feel as if immersed in the world of drawing. These activities will not only help youth grasp up-to-date creative culture and technological innovation, but will also give memorable fun experiences to families.

The China Animation theme park stays fresh and innovative at all times. It not only has CA SEGA's JOYPOLIS, VR and Wonder Forest connected with Super IP to present special activities. It also offers a number of green and low carbon digital creative activities including ones specially designed for animation lovers and fans. The re-created series featuring the Group's virtual artist "Violet" is one example. It includes the "The Most Beautiful Violet" animation Coser competition, the 3rd "Violet Recreation Contest", "Dream Drama with Mixed Reality Technology", real animation characters capture system and AR and MR technology demonstration. In addition, the Group also takes care of the preferences of parents and children by setting up in the venue the youth creative animation market, animation cultural street, international animation trade fair and 4.0 creative headquarters, etc. At the same time as it promotes the culture + creativity and culture + platform concepts, the Group is also driving development of the digital economy.

The China Animation Sub-venue event connects and interacts with the main venue and other sub-venues. With the support of the Longgang Street Office, three free shuttle bus routes are arranged between the main venue Shenzhen Convention and Exhibition Center, Dayun Metro Station, Longyuan and New Crane Lake Residency to serve visitors to the ICIF.

Mr. Jason Zhuang, Chairman, CEO and Executive Director of China Animation, said, "China Animation has been relentless in driving development of China's cultural industry and for the eighth consecutive years presented the Longgang China Animation as a Sub-venue event at ICIF. Different from in the past seven years, this year's event focuses on international brands, a presentation that transcends previous formats. In 2017, the Group will be presenting new experience, new entertainment and new culture and creativity building on its the three major theme parks and Super IP, and take its multimedia animation business to new heights."

About China Animation Characters Company Limited
China Animation Characters Company Limited is the first multimedia animation enterprise in China to list on the Main Board in Hong Kong (stock code of HK.1566). In January 2017, the Group acquired controlling stake in CA SEGA JOYPOLIS LTD. from Japan and become a world-leading indoor theme park operator with R&D capabilities and owns SEGA JOYPOLIS, the world's number one large-scale indoor theme park, in Tokyo, Shanghai, Osaka, Qingdao and Dubai. The Group has also four industry-leading business segments including top indoor theme park - CA SEGA JOYPOLIS, top children's amusement park - CA SEGA Wonder Forest, virtual reality theme park CA SEGA VR and the business the business that covers all aspects, main and peripheral, of the entire IP-protected animated game industrial chain.

China Animation owns the intellectual property rights to a number of popular animation characters including two top 10 national cartoon characters - "Han Ba Gui" and "Violet", as well as characters from movies and animated dramas such as "The King of Tibetan Antelope", "Project Egg", "Animal Conference on the Environment" and "Amazing UU". The Group also owns all the copyright to the well-loved overseas IP "Aoki Lapis" in Asia and enjoys close cooperative relationship with many world-leading IP brands such as "Transformers" in the US, SEGA Sonic the Hedgehog, Initial D and Crayon Shin-chan, etc.

Virtual artist "Violet" is an animation star and Super IP created by China Animation. The Group has held in a number of 3D Holographic Concerts for Violet in Shenzhen and Hong Kong since 2015.

Media enquiries
China Animation Characters Company Limited
Ms. Xiao Juan Tel: (86) 136 0300 4649
Ms. Wu Qing Tel: (86) 159 8953 6791

Strategic Financial Relations (China) Limited
Ms. Anita Cheung Tel: (852) 2864 4827
Ms. Karen Li Tel: (852) 2864 4837
Ms. Phoenix Fung Tel: (852) 2864 4850
Ms. Mina Pang Tel: (852) 2864 4830
Ms. Angel Li Tel: (852) 2114 4954
Email: sprg-animation@sprg.com.hk



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Fullshare (607.HK) Vanquishes Short-Sellers with Transformation of Profit Model

$
0
0

By Finet News Service, all rights reserved.

HONG KONG, May 11, 2017 - (ACN Newswire) - After its 17.46% and 14.87% rise on 4 May and 5 May 2017 respectively, Fullshare (00607-HK) started trade on 8 May 2017 with a further increase of 2% to HK$3.46. Since its resumption on 4 May, the stock price of the company skyrocketed 37.3% within just three trading days. As a result, after borrowing 950 million shares at a selling cost of HK$3, short-sellers have already lost HK$437 million based on today's opening price of HK$3.46, even without taking the interest rate into account.

Fullshare decided to buy-back its shares in retaliation of the short-sellers' attack, and this move has acted as a display of the company's confidence in its own development, and at the same time, will minimise the number of shares short-sellers can sell as the price of Fullshare has already surpassed the selling cost of short-sellers. Furthermore, on 5 May 2017, Zall Development announced that it had acquired 15,017,500 shares of Fullshare at an average price of HK$2.94 in the open market, increasing its stake from 3.45% to 3.53%, and there may be further acquisition of shares in the open market, which serves as an indication of Zall Development's faith in Fullshare.

-- Fullshare's transformation to platform-based enterprise with diversification --

The value of Fullshare is widely recognised by market investors because of its strategic development in its businesses. From the information derived from its 2016 annual report, Fullshare's current businesses include five major categories: real estate, new energy, healthcare, tourism, and investment. In fact, Fullshare has transformed itself into a platform-based enterprise with diversified businesses, and the company has plans to make its mark in the early childhood education and e-commerce sectors.

The chart* illustrates the business structure of Fullshare (as of the information derived from Fullshare's annual report). The platform-based model is actually developed on the basis of shareholding or stakeholding, rather than a wholly-owned business, which is how Fullshare currently operates its seven major businesses. This chart does not only show the business map of Fullshare, but also its profit roadmap, illustrating how its holding companies continuously generate profit for Fullshare.

The advantage of platform investment comes from the utilisation of capital from holding companies to generate profit; however, Fullshare is more than that, as the company also has its own businesses, real estate is still the core business of Fullshare at of this moment, and the company had acquired related companies in 2016, but it may be developed more base on the platform-based business in future. It is worth mentioning that the platform-based model isgood for business expansion and can efficiently disperse risks.

-- The two moneymakers --

Considering the seven businesses that Fullshare currently holds, real estate is comparatively more traditional, but it provides more constant gross profit which has been steadily kept at 20%. Comparatively, the new energy and healthcare sectors offer higher gross profit which reached 37% and 35% respectively according to Fullshare's 2016 annual report. Fullshare's investments pull in new sources of income, one example is its holdings of Zall Development, which is a smart e-commerce business, definitely has bright future.

Fullshare started its new energy sector at the end of 2016, when it obtained a 73.91% stake of China Transmission through share exchange. China Transmission has a high profit margin and high profit growth rate, and the company had a net profit of RMB1.11 billion in 2016 which made the average three-year growth rate at 208%. It was able to enjoy such high profit due to its oligopoly position and market share in the industry.

According to China Transmission's 2016 annual report, the company's main products is wind-powered transmission equipment, which possesses 29% of the market share globally. With only a few large-scale enterprises in the same business, China Transmission has an oligopoly in the market, and thus, the company doesn't face any risk in product management and customer assessment, and has an advantage in pricing because of its large market share.

The smart e-commerce business is operated through its holding company Zall Development, while real estate is also one of the Zall's business. Zall Development is looking into changing its business model. In 2016, Zall Development acquired international e-commerce platform, LightInTheBox, and the Mainland's largest agricultural product e-commerce company, Shenzhen Agricultural Product, with the intention to build up a world's largest B2B trading platform and database. At the same time, the company is also building a payment service platform to complement its trading platform. In 2016, Zall Development had a net profit of RMB2.057 billion.

According to its company profile, Shenzhen Agricultural Product has transformed from trading a single commodity to multi-commodity and diversified business, and that allow it has quickly become the Mainland's largest B2B e-commerce platform in agricultural products with daily transactions in the millions. If Shenzhen Agricultural Product can take advantage of its huge traffic, and fully utilise the payment service platform that Zall Development provided, the business can obtain its market share in the payment service business and become the 'Alipay' of the agriculture sector.

-- Short collection period with high income to provide sufficient cashflow for expansion --

Looking at Fullshare's overall business income, in the Company's 2016 annual report we can find an analysis of the company's trade and bills receivables, which can act as the basis to determine its quality of income. Fullshare had RMB3.769 billion in bills receivables within 90 days, which had a year-on-year growth of 50.44 times, and the bills receivables over a year was RMB571,530,000 which only took up 7.8% of total bills receivables.

Fullshare had a cashflow of RMB3.864 billion in 2016, and adding the bills receivables within 90 days, the total cashflow was RMB7.633 billion, which is a pretty good quality of income. However, these receivables might be overdue if a client could not pay on time. In 2016, Fullshare had a total of RMB1.68 billion in bills receivables over 180 days, which was 79.4% of all bills receivables, indicating the amount of overdue accounts was not too great.

It can be assessed that Fullshare's cashflow mainly comes from bills receivables within 90 days and receivables, and when combined, they provide the company with sufficient cashflow for investment. Since the company's transformation to platform-based, Fullshare is putting more effort in boosting its investment quality, especially in the area of enterprise equity investment. Fullshare is currently operating seven businesses, but there is no telling if it will invest or expand into other businesses with a higher gross profit and growth potential.

It is worth mentioning that Shenzhen Anke High-tech from the healthcare sector, and China Transmission from the new energy sector possess a strategic advantage as they are both high technology enterprises. According to Fullshare's 2016 annual report, the company has four subsidiaries that are subjected to tax at a preferential rate of 15% which is 10% less than usual tax rate. Amongst them, Shenzhen Anke High-tech, Nanjing High Accurate Drive, and C Transmission all received their approval in 2015, so they can still enjoy the preferential tax rate this year which injects extra cashflow to Fullshare.

(C) Finet News Service, May 2017. *http://bit.ly/2q5Wmcl.

Media Contacts:
Sunny Wan
+852 2153 7297 / sunnywan@finet.com.hk
Wells Pan
+852 6925 6988

DISCLAIMER: The information contained on this article is intended solely to provide general guidance on matters of interest for the personal use of the reader, who accepts full responsibility for its use. Accordingly, the information on this article is provided with the understanding that the author and publisher
are not herein engaged in rendering professional advice or services. As such, it should not be used as a substitute for consultation with a competent adviser. Before making any decision or taking any action, the reader should always consult a professional adviser relating to the relevant article posting.


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Northern New Energy Announces 2017 First Quarter Results

$
0
0

Strives to Acquire Potential New Energy Enterprise to Consolidate the Group's Strengths

HONG KONG, May 11, 2017 - (ACN Newswire) - Northern New Energy Holdings Limited ("Northern New Energy" / the "Group;" stock code: 8246) has today announced its first quarter results for the three months ended 31 March 2017. Building on the strong momentum gathered in 2016, the Group continued to take New Energy Business as its development focus in the first quarter of 2017 and made satisfactory progress. New Energy Business recorded a notable increase in revenue, rose by 25% comparing to the corresponding period of last year and becomes its major source of profit for the period.

For the three months ended 31 March 2017, revenue of the Group amounted to RMB22.0 million (Corresponding period in 2016: RMB 24.3 million). The decrease was mainly due to a decline in revenue of Catering Business during the Current Period. Basic earnings per share were RMB 0.01 cents (Corresponding period in 2016: RMB 0.07 cents).

During the period under review, the Group sought to capture the tremendous business opportunities in New Energy Business, and at the same time, the Group has been exploring opportunities to cooperate with different parties with the aim of broadening its income source. Boasting its technological advantages and outstanding professional services, the Group completed several service contracts smoothly in Tianjin region, including contracts for technical services in relation to LNG-based energy conversion solution and low-carbon heating energy supply solution that complies with government environmental protection requirements, etc. These projects brought important revenue and profit to the Group in the first quarter and also bolstered the reputation of Northern New Energy. The Group looks forward to serving more customers in other regions in the future. Although the first half of the year is usually the low season for the industry, the Group used the period to enhance its teams by way of recruiting new staff, thus enabling us to seize greater opportunities ahead. In addition, the Group applied for tax concessions from relevant departments in Tianjin as the Group believes that it complies with applicable requirements, which will create a positive effect on the Group.

Looking ahead, on the back of favorable national policies supporting the new energy industry, the Group will continue to step up efforts to tap the new energy segment with immense potential and expand our business mode to surrounding regions of Tianjin base. The Group will continue to actively identify and cooperate with competent partners to enlarge our customer base, market share and thus revenue. The management will also exert its best in seeking potential acquisition opportunities, which including looking for acquisition targets among enterprises which own quality LNG pipelines, storage tanks and related systems. Such moves will enable us to fully realize the growth potential of New Energy Business. As for Catering Business, the Group will strive to restructure the business to improve its performance. Regarding property investment, the Group will continue to grab investment opportunities that promise to generate good returns, thereby secure for it a stable rental income source to aid its quest to create greater shareholder value.

Northern New Energy Holdings Limited
Northern New Energy Holdings Limited ("Northern New Energy") formerly known as Noble House (China) Holdings Limited, is a company listed on the GEM Board of the Hong Kong Stock Exchange since 2011 (stock code: 8246). In 2015, the Group has established a joint venture company Hua Xia Northern New Energy Technology Development (Tianjin) Limited with an independent third party, and began its business in the development of new energy, R&D of related technologies and construction engineering. The Group is also engaged in the operation of restaurants, provision of management services, and sale of processed food and seafood. In 2015, the Group has further diversified its business into property investment.

Media enquiries
Strategic Financial Relations Limited
Keris Leung +852 2864 4863 keris.leung@sprg.com.hk
Fanny Yuen +852 2864 4853 fanny.yuen@sprg.com.hk
Jeffrey Tam +852 2864 4858 jeffrey.tam@sprg.com.hk



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Ausnutria Announces 2017 First Quarter Results

$
0
0

Revenue and Profit Attributable to Equity Holders Increased YoY 30.3% and 22.5% Respectively;
The sales of own brands infant formula continue to grow;
The sales of goat milk-based infant formula recorded new highs

HONG KONG, May 12, 2017 - (ACN Newswire) - Ausnutria Dairy Corporation Ltd ("Ausnutria" or the "Company", together with its subsidiaries, the "Group"; stock code: 1717.HK), a leading dairy industry company with production facilities principally based in the PRC, the Netherlands and Australia, is engaged in the production and distribution of all dairy products (including infant formula) and nutrition products. Today, the Group announced its unaudited consolidated first quarter results for the three months ended 31 March 2017 (the "period under review").

For the period under review, the Group recorded revenue of approximately RMB751.3 million, representing an increase of approximately RMB174.8 million or 30.3% compared with the corresponding period in 2016. The Group's profit attributable to equity holders of the Company amounted to approximately RMB65.0 million, an increase of approximately RMB11.9 million or 22.5%, compared to the corresponding period in 2016. Excluding the impact of the new nutrition products business, which commenced in the fourth quarter of 2016 and still at its start-up stage with an operating loss of RMB4.6 million, the Group's profit attributable to equity holders in the first quarter of 2017 amounted to RMB69.6 million, an increase of RMB16.5 million or 31.1% as compared with the same period in 2016. The improvement in financial performance is primarily attributable to the continuous increase in sale of the Group's own-branded infant formula products which was mainly driven by the continuous stable increase in demand for infant formula in the PRC; the increasing recognition of the high quality standards of infant formula manufactured by the Group; the clear brand positioning implemented by the Group; and the continuous extension of the sales network and the improvements of services provided to the customers.

Aided by the benefits resulting from above factors, sale of own-brand goat milk-based and cow milk-based infant formulae continued to grow. As a result, the Group achieved expected operating results during the period under review. The sales of own brand goat milk-based infant formula in the PRC achieved RMB220.6 million, dramatically increasing by 72.7% compared with the corresponding period in 2016. Moreover, the sales of the own brand cow milk-based infant formula in the PRC reached RMB256.9 million, representing an increase of 26.1% year on year.

To cater for the changing market environment and take full advantage of the market opportunities brought by "One Belt, One Road" strategy, the Group made further improvements to its upstream industrial chain and started construction of the new factories in the Netherlands and New Zealand to meet the increasing market demands. The new factories have already been substantially completed, with equipment installation and start of production slated to begin in 2017. The Group believes that the productivity and quality standards and in turn the turnover and profitability will be further enhanced once the new factories commences operation sometime in the future.

Mr. Yan Weibin, Chairman of the Group, said, "2017 marks the second year of our Group advancing into the 'Ausnutria Golden Decade' strategy. In accordance with established plans, the Group will continue to accelerate research and development progress, construction of the upstream supply chain. We achieved healthy growth in our core businesses, the infant formula milk powder, and our new nutrition products business. The demand for infant formula in the PRC continues to show steady growth. The market shows tremendous potential, and we have gained significant recognition from the market and consumers with our high quality infant formula. We firmly believe that with our clear brand positioning, sales of the own brand infant formula will continue to increase. This will bolster further growth in performance, and maximize the company's value for our shareholders and consumers."



Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Environment benefits from large middle class in some Asian countries

$
0
0

South-East Asia and Oceania. (Credit: 1xpert /123rf)
A large middle class in Thailand and Indonesia is demanding more environmental protection; something not happening in other developing South-East Asian nations.

Selangor, Malaysia, May 12, 2017 - (ACN Newswire) - A group of researchers in Malaysia found that more equitable income distribution is resulting in better environmental quality in Thailand and Indonesia. However, in Malaysia, it has the opposite effect, while the two factors are unrelated in the Philippines.

The research team, led by Abdul Rahim Ridzuan, an economist at Universiti Teknologi MARA, analysed the effects of income inequality, economic growth, trade openness, domestic investment and energy consumption on carbon dioxide emissions in four South-East Asian countries from 1971 to 2013. They determined the importance of each factor using an analysis tool called an autoregressive distributed lag estimation.

They speculate that greater income equality enables a larger middle class to hold those in power accountable and demand policies that protect the environment. In contrast, when there is a greater economic gap, the rich have more influence than the poor on decisions that enable profits at the expense of the environment.

Even though Malaysia's middle class is growing, the country still relies heavily on fossil fuels, which leads to greater environmental degradation. This surprised the researchers since Malaysia has committed to sustainable development goals in its national policy.

Climate change is linked to a high acceleration in carbon dioxide emissions since the beginning of the 20th century. Historically, developed nations are responsible for the majority of emissions. But as other nations grow their economies and consume more energy, they too are poised to contribute more carbon dioxide to the atmosphere unless they pursue more sustainable development practices that limit emissions.

An inverse U effect has previously been used to describe the relationship between economic growth and environmental quality. Low income predicts poor environmental health. As income rises the environment improves, but only to a point.

While many confounding factors influence environmental quality, income distribution can now be considered while making sustainable development policy, the researchers conclude in their study recently published in the Pertanika Journal of Social Sciences & Humanities. They plan to continue studying the relationship in other countries, particularly those known to produce high quantities of carbon emissions.

For more information about this research, please contact:

Abdul Rahim Ridzuan
Faculty of Business Management
Universiti Teknologi MARA
Melaka City Campus
110 Off Jalan Hang Tuah, 75300 Melaka
Email: aimaz84@yahoo.com
Tel: +6016 2325 105

About Pertanika Journal of Social Sciences & Humanities (JSSH)

Pertanika Journal of Social Sciences & Humanities (JSSH) is published by Universiti Putra Malaysia in English and is open to authors around the world regardless of nationality. It is published four times a year in March, June, September and December. Other Pertanika series include Pertanika Journal of Tropical Agricultural Science (JTAS), and Pertanika Journal of Science & Technology (JST).

JSSH aims to develop as a pioneer journal for the social sciences with a focus on emerging issues pertaining to the social and behavioural sciences as well as the humanities. Areas relevant to the scope of the journal include Social Sciences - Accounting, anthropology, Archaeology and history, Architecture and habitat, Consumer and family economics, Economics, Education, Finance, Geography, Law, Management studies, Media and communication studies, Political sciences and public policy, Population studies, Psychology, Sociology, Technology management, Tourism; Humanities - Arts and culture, Dance, Historical and civilisation studies, Language and Linguistics, Literature, Music, Philosophy, Religious studies, Sports.

The journal publishes original academic articles dealing with research on issues of worldwide relevance. The journals cater for scientists, professors, researchers, post-docs, scholars and students who wish to promote and communicate advances in the fields of Social Sciences & Humanities research.

Website: http://www.pertanika.upm.edu.my/

The paper is available from this link: http://bit.ly/2r6ORQW

For more information about the journal, contact:

The Chief Executive Editor (UPM Journals)
Journal Division
Office of the Deputy Vice Chancellor (R&I)
IDEA Tower 2, UPM-MDTC Technology Centre
Universiti Putra Malaysia
43400 Serdang, Selangor
Malaysia.
Phone: +603 8947 1622 | +6016 217 4050
Email: nayan@upm.my

Press release distributed by ResearchSEA for Pertanika Journal.


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Fujitsu Enhances Intranet and Endpoint Security by Expanding its Global Managed Security Service

$
0
0

Figure 1: Strengthened areas of the Global Managed Security Service
Figure 2: New functions utilizing high-speed forensic technology
High-speed forensic technology identifies in minutes damage done by targeted cyberattacks

TOKYO, May 12, 2017 - (JCN Newswire) - Fujitsu announces its high-speed forensic technology(1) to identify the extent of damage targeted cyberattacks cause to an organization's intranet. The new technology, developed by Fujitsu Laboratories Ltd. and to be made available in Japan from June 2017, will accelerate time required to identify damage, from several weeks with conventional technology to several tens of minutes.

Fujitsu will offer the new technology as a function added to its Fujitsu Security Solution Global Managed Security Service, which provides integrated lifecycle support to strengthen security resilience, mitigate risks and minimize damage of cyberattacks.

Fujitsu has also signed an agreement with US-based Dtex Systems to launch solutions in Japan that combine Fujitsu's services with Dtex Systems' advanced user behavior intelligence technology that looks at the ordinary behavior of users at endpoints(2) such as PCs, and then detects and analyzes behavior that suggests internal wrongdoing. The solutions will detect and analyze risks of internal impropriety that could lead to information leaks. These solutions will be made available and represent Dtex Systems' first collaboration in Japan.

Going forward, Fujitsu will continue to contribute to the creation of a networked society in which everyone can feel safe and at ease, and will support the business continuity of customers by further strengthening its Global Managed Security Service using cutting-edge security technology.

Background

The Cybersecurity Management Guidelines(3), published by Japan's Ministry for Economy, Trade and Industry and the Information-technology Promotion Agency (IPA), call for companies to take such steps as preparing an emergency response system if one is the victim of a cyberattack, and preparing a system for rapid disclosure after damage has been discovered. When subjected to a targeted cyberattack, it is important to prevent the damage from spreading by taking rapid initial countermeasures such as identifying where the attack has penetrated and removing attacked devices from the network, but identifying the extent of an attack on an intranet requires advanced technology and several weeks, making it difficult to rapidly determine attack status and disclose it.

In addition, intentional internal wrongdoing by someone related to an organization is one of the main causes of information leaks, alongside targeted cyberattacks, and companies also face issues in discovering this type of activity.

In order to resolve these issues, Fujitsu is offering functionality that can rapidly identify the extent of damage from a targeted cyberattack, and is expanding its Global Managed Security Service to detect the risk of internal impropriety through its collaboration with Dtex Systems. This will work to strengthen security on the boundaries between the internet and an intranet, and also within intranets and endpoints.

http://www.acnnewswire.com/topimg/Low_FujitsuIntranetFig1.jpg
Figure 1: Strengthened areas of the Global Managed Security Service

New Functionality to Rapidly Identify the Extent of Damage

A proprietary high-speed forensic technology developed by Fujitsu Laboratories enables the rapid determination of the extent of damage from an attack by detecting and analyzing only behaviors unique to targeted attacks from internet communications data. With this new functionality, the Global Managed Security Service monitors a customer's intranet 24 hours a day, 365 days a year from the Security Operation Center(4). When an external intrusion from a targeted attack is detected, Fujitsu's security experts determine the extent of the damage in several tens of minutes, using the high-speed forensic technology developed by Fujitsu Laboratories, enabling rapid reporting to the customer.

With this functionality, customers can rapidly grasp the infection pathway used by the malware sent by the attacker, and which devices are infected. This means they can not only prevent the spread of the infection by removing only infected devices from the network, enabling early restoration of the attacked network environment, but they can also take immediate countermeasures aimed at business continuity, minimizing the damage.

http://www.acnnewswire.com/topimg/Low_FujitsuIntranetFig2.jpg
Figure 2: New functions utilizing high-speed forensic technology

About the Collaboration with Dtex Systems

Dtex Systems provides technology that collects metadata(5) of users' ordinary behavior in business, such as usage status and communications with outside parties, from endpoints such as PCs, and uses machine learning to understand the pattern of action in ordinary times. With this technology, it is possible to detect and notify supervisors of actions deviating from ordinary activity patterns.

Fujitsu is now set to collaborate with Dtex Systems in its first deal in Japan to offer solutions. Fujitsu's security experts will analyze the risks of internal impropriety leading to intentional information leaks and other potential harm, supporting rapid countermeasures by customers.

Comment from Christy Wyatt, CEO of Dtex Systems

"Insider incidents represent a majority of data breaches globally, which makes understanding user behavior critical to preventing data loss. We are thrilled to partner with Fujitsu, a trusted industry leader, to offer comprehensive and scalable security solutions that provide deep, contextual understanding of user behavior in Japan."

Sales Targets

Sales of security-related products and services of 300 billion yen per year in fiscal 2019.

(1) Forensic technology
Technology that collects and analyzes logs kept on electronic devices such as PCs, providing clear evidence of unauthorized access and information leaks.
(2) Endpoint
A computer or information device connected to a wireless network or network device.
(3) Cybersecurity Management Guidelines
A document incorporating three principles managers should recognize, and ten instructions they should give their Chief Information Security Officers (CISO), in order for companies to promote cybersecurity countermeasures under the leadership of management. This was first formulated in December of 2015, and revised in December 2016.
(4) Security Operation Center
An organization that monitors and analyzes logs, such as from security products, network devices, and servers, and detects and notifies customers of cyberattacks.
(5) Metadata
Data (information) that provides information about other data.

About Fujitsu Ltd

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 159,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702; ADR:FJTSY) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.

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

Contact:
Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Fujitsu Establishes "FUJITSU Climate and Energy Vision," a Medium- to Long-Term Environmental Vision for 2050

$
0
0

Contribution to society and the achievement of zero CO2 emissions by Fujitsu

TOKYO, May 12, 2017 - (JCN Newswire) - Fujitsu Limited today announced that the Fujitsu Group has established the "FUJITSU Climate and Energy Vision," a medium- to long-term environmental vision through 2050, with the goal of bringing the Fujitsu Group's CO2 emissions to zero, and achieving a decarbonized society, as well as contributing to the response to climate change, through technology supporting digital transformation.

By achieving this vision, Fujitsu will create innovation through ICT that plays a role in leading the way to a decarbonized society.

Policy Background

The Paris Agreement(1), an international framework for climate change countermeasures for 2020 and beyond, which came into effect in November 2016, established a goal of limiting the rise in global average temperatures to less than two degrees above the average temperature prior to the industrial revolution. In order to achieve this, a massive shift from low carbon to post carbon will be necessary.

It is expected that regulations of CO2 emissions will be strengthened in the global market, and that carbon prices will rise sharply and carbon taxes will be introduced. In addition, investment taking into account Environmental, Social and Governance (ESG) factors, and a pullback in investment in fossil fuel industries, will continue, making changes in market rules increasingly apparent.

In light of this background, the Fujitsu Group established "FUJITSU Climate and Energy Vision," a medium- to long-term environmental vision through 2050 that clarifies the role it should play in climate change countermeasures, as well as how it sees itself in the future, as a global ICT company.

http://www.acnnewswire.com/topimg/Low_FujitsuClimate1.jpg

Vision Overview

Fujitsu's vision is to use ICT to accelerate its own efforts to shift away from carbon, to use the knowledge gained from such efforts in tandem with its digital technology to deliver solutions to customers and society, and to leverage its own business activities as a way to mitigate and respond to climate change. This vision is comprised of the following three axes.

http://www.acnnewswire.com/topimg/Low_FujitsuClimate2.jpg

1. Bringing Fujitsu's CO2 emissions down to zero

Fujitsu will greatly reduce its own CO2 emissions by developing and deploying cutting-edge technology, such as optimizing data center power consumption through AI control. At the same time, by strategically employing renewable energy and carbon credits(2), Fujitsu has set the goal for itself of zero CO2 emissions by 2050.

2. Contributing to a decarbonized society

Fujitsu seeks to contribute to a society that is moving away from carbon by working with customers in a variety of industries and business categories to shape their ecosystems, including with smart mobility and smart manufacturing. Fujitsu will help optimize the use of energy across whole social systems by digitally connecting a variety of things and services. For example, by analyzing and predicting positional data, weather information and traffic volume, in real time, to optimize automotive transportation.

3. Contributing to adaptation to climate change

Fujitsu will help mitigate the loss and damage from climate change on customers and society by using technology that supports digital transformation, including sensing technology, simulations using high-performance computing, and advanced predictions of supply and demand using AI in solutions such as building resilient social infrastructure, or solutions that enable a stable supply of agricultural products and minimize food loss across the supply chain.

(1) Paris Agreement
A new framework for responses to global warming for 2020 and beyond, adopted at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21).
(2) Carbon credits
Tradeable certificates of greenhouse gas reductions. The Japanese government cooperates with developing nations on initiatives to reduce greenhouse gasses, promoting bilateral offset credit mechanisms in which the results of the reduction are split between the two countries.

About Fujitsu Ltd

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 159,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702; ADR:FJTSY) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.

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

Contact:
Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

NEC First to Achieve 50Tb Submarine Cable Over 10,000km by Using C+L EDFA

$
0
0

TOKYO, May 12, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced that it has demonstrated a transmission capacity of 50.9 terabits (Tb) per second on a single optical fiber, over a distance greater than 11,000km. This is the first time 50Tb have been achieved over 10,000km using C+L band erbium-doped fiber amplifiers (EDFA). Such a large capacity over that distance corresponds to a new record breaking capacity distance product of 570 Pb-km (Petabit per second-kilometer). NEC's commitment to pushing the benchmark 50Tb capacity to trans-pacific distances is in line with the current trend of increasing the reach of ultra-high capacity submarine cable segments.

Achieving such a high capacity, even with extremely wide bandwidth EDFAs, requires efficient use of the bandwidth at a level that is close to the Shannon limit, the fundamental spectral efficiency limit of optical communications. There is more than one way to design modulation formats that can get close to the Shannon limit in the linear regime, however, most of them do not fare well when operated in the nonlinear regime, where they suffer more performance gap towards the nonlinear Shannon limit.

In order to overcome this issue, NEC's researchers developed a multilevel, linear and nonlinear constellation optimization algorithm. Through this algorithm, NEC obtained an optimized 32QAM (opt32) constellation that achieves close to Shannon capacity, but more importantly, has a higher nonlinear capacity limit, which is especially more relevant to submarine transmission. Moreover, this new modulation format is much easier to implement, as it does not require any iterative decoding or non-uniform coding. As such, opt32 modulation allowed NEC researchers to achieve an unprecedented spectral efficiency of 6.14 b/s/Hz over a trans-pacific distance.

Also in line with current trends, C+L amplification is used to maximize the capacity per fiber pair. In order to deliver a record breaking capacity NEC's researchers developed a patent-pending bi-directional amplifier design that reduces the effective noise figure and the device complexity.

These results will be presented at the post-deadline session of the Conference on Lasers and Electro-Optics (CLEO) 2017, held from 14 - 19 May at the San Jose Convention Center, San Jose, California.

About NEC Corporation

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

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

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

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

A Strong Start to 2017 - AAC Technologies Q1 Revenue up 66% and Net Profit up 72% YoY

$
0
0

Driven by Strong Non-acoustic and Dynamic components, up 225% and 14% respectively YoY

HONG KONG, May 12, 2017 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC Technologies" or "the Company", Stock code: 02018) has today announced its unaudited results for the three months ended 31 March 2017, reporting revenue of RMB4,215 million and net profit of RMB1,062 million. For details, please refer to the Results Announcement which has been published on the website of HKEx and the Company.

2017 First Quarter Highlights (unaudited):

- Most profitable Q1 in the Company's history;
- Revenue up 66% year-on-year with strong growth across core business lines;
- RF Mechanical and Haptics, the non-acoustic segment, grew 225% year-on-year, accounting for 52% of total sales;
- Dynamic components rose 14% year-on-year and delivered 45% of total sales;
- Gross margin and net margin improved 1.1ppt and 0.9ppt respectively compared to the corresponding prior-year quarter; and
- Earnings per share for Q1 up 72% year-on-year to RMB0.86.

BUSINESS REVIEW

AAC Technologies built on the momentum of last year with a strong start to 2017. During the January to March period, revenue was up 66% year-on-year to RMB4,215 million. This is the highest Q1 sales the Company has ever reported. Our industry-leading acoustic business delivered another quarter of growth domestically and internationally. Upgraded acoustic solutions with higher dollar-content drove dynamic components sales growth of 14% year-on-year, contributing 45% of total sales. In the non-acoustic segment, the Company enjoyed another robust performance this quarter. Sales of RF Mechanical and Haptics soared 225% year-on-year and accounted for 52% of total sales. Gross margin improved 1.1ppt year-on-year, rising to 41.6% because of a better product mix. Net profit grew 72% year-on-year amounting to RMB1,062 million, mainly driven by effective control of operating expenses. The management continues to aim for growth and continuous improvement, enabling outperformance of the market the Company operates in.

The first quarter is a seasonal quiet period following Christmas and Chinese New Year holidays with fewer ramp-ups and launches of new smart devices. For this first quarter of 2017, the Company's revenue declined sequentially by 27% against the strong fourth quarter results in 2016. Nonetheless, in this quarter, the Company received persistent encouraging market response to its upgraded acoustic solutions especially stereo and waterproof features. The Company continues to build a strong technology foundation for its non-acoustic segments. As in the previous quarter, in the first quarter the contributions from the non-acoustic business continued to exceed acoustics revenue.

The business fundamentals driving the Company are progressing in line with our expectations, and the performance this quarter demonstrates that the Company is on track to achieve its financial and operational objectives. We remain confident in our ability to successfully execute our long-term growth strategies by leveraging on our industry leading market position, our R&D and innovation capabilities, our unique technology solutions and our vertically integrated manufacturing operations. We strive to create shareholder value through disciplined management and financial prudence.

About AAC Technologies Holdings Inc.
AAC Technologies is a constituent stock of Hang Seng Index, Hang Seng Corporate Sustainability Index, Hang Seng (Mainland and HK) Corporate Sustainability Index, Hang Seng China(Hong Kong Listed) 25 Index, Hang Seng Composite LargeCap Index, Hang Seng Composite Industry Index (Information Technology), Hang Seng IT Hardware Index, MSCI China Index, MSCI China ESG Index and FTSE Hong Kong Index.

AAC Technologies is a total solution provider utilizing the latest miniaturized technology components across acoustic, haptics, RF wireless and optical segments. The Company is already an established leading global supplier of miniaturized acoustic components including a broad range of speakers, receivers and MEMS microphones. The Company delivers integrated solutions across multiple segments incorporating advanced proprietary technologies haptics vibrators, RF antennas and optical components. The Company's products are found in mobile devices such as smartphones, tablets, wearables, and PC notebooks. The Company is global in scope with research and development centers and has established sales offices in key markets serving a large number of geographically diverse customers in the mobile electronics market. www.aactechnologies.com

PAST PERFORMANCE AND FORWARD-LOOKING STATEMENTS
The performance and the results of operation of the Group as set out in this document are historical in nature and past performance is not a guarantee of future performance. This document may contain certain statements that are forward-looking or which use certain forward-looking terminologies. These forward-looking statements are based on the current beliefs, assumptions and expectations of the Board of Directors of the Company regarding the industry and markets in which it operates. Actual results may differ materially from expectations discussed in such forward-looking statements and opinions. The Group, the Directors, employees and agents of the Group assume (a) no obligation to correct or update the forward-looking statements or opinions contained in this results announcement of the Company; and (b) no liability in the event that any of the forward-looking statements or opinions do not materialise or turn out to be incorrect.

For any other enquiries, please contact:

AAC Technologies Holdings Inc.
Connie Chin
Head of Investor Relations
Tel: 852 3470 0079
Email: ConnieChin@aactechnologies.com

Ricky Man
Investor Relations Manager
Tel: 852 3470 0076
Email: RickyMan@aactechnologies.com

For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 852 2864 4834 Email: vicky.lee@sprg.com.hk
Cecilia Shum Tel: 852 2864 4890 Email: cecilia.shum@sprg.com.hk
Antonio Yu Tel: 852 2114 4319 Email: antonio.yu@sprg.com.hk




Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Expanded TOYOTA GAZOO Racing Squad Prepared for Popular Portugal

$
0
0

Car 10 (Jari-Matti Latvala, Miikka Anttila)
Toyota City, Japan, May 12, 2017 - (JCN Newswire) - The TOYOTA GAZOO Racing World Rally Team heads to Rally de Portugal (May 18-21) with hopes of accelerating the development of the Yaris WRC in its debut FIA World Rally Championship season. Thanks to some challenging and technical stages, Portugal will as usual be an extremely tough rally, but the Toyota squad will use it to learn more about what is needed to compete at the top and improve the Yaris WRC further, as has been the case on every event up to now. For the first time, a third car will be entered for testing purposes with Esapekka Lappi behind the wheel, joining Jari-Matti Latvala and Juho Hanninen in action on the gravel event, which serves as round six of the 2017 season.

http://www.acnnewswire.com/topimg/Low_ToyotaGAZOOPortugal.jpg
Car 10 (Jari-Matti Latvala, Miikka Anttila)

Rally de Portugal is based in Matosinhos near Porto in the north of the country, and features classic stages on sandy and rocky roads. Grip can be difficult to find on the soft roads during the first pass through the stages, while rocks can be exposed and deep ruts can form during the second pass, often forcing teams to raise the ride height of the cars. Tyre choice is frequently a difficult compromise.

The rally begins with a superspecial at the Lousada rallycross circuit on Thursday evening, while Friday ends with two runs of a new stage through the streets of Braga, following two loops of three gravel stages. Saturday provides the longest day at 154.56 kilometres, including two passes of the 37.55-kilometre Amarante stage and the new Cabeceiras de Basto test. Luilhas and Montim are also new additions on Sunday, with each of those stages run once between two passes over the classic Fafe, famed for its big jump. Fafe is also the rally-ending Power Stage, forming an unforgettable climax.

Latvala, who continues to hold second in the drivers' standings, was the winner in Portugal in 2015. Hanninen has not competed on the event since the year before, 2014, but back then it was based in the south of Portugal: so the northern stages are all new to him. Lappi will be embarking on his first event at the top level of the WRC, but Portugal was the scene of his first win in the WRC2 category in 2013, before going onto claim the WRC2 title last year.

Quotes:

Tommi Makinen (Team Principal)

"We had a few new things to test for Portugal, with the suspension as well as some other components, but the weather was really bad so it's hard to know how realistic our results were. Portugal is a tough event with some very technical stages but this is what makes it a classic event too. Although there are still a lot of unknowns--especially with the conditions--we hope to make another step forwards on gravel, improving the car step by step as we have been doing all year. For this we will be helped by our third test car in Portugal with Esapekka and Janne, which will definitely bring us some extra information."

Jari-Matti Latvala (Driver car 10)

"What I learned in Argentina is that the first day is very important; you really want to try and be in the top five so that you can have a good road position for the following day. So that will be my objective in Portugal, and if the weather is bad on the first day, my position of second on the road could actually help me--as the road conditions behind might deteriorate. Before the rally, we tested a few things, trying out some dampers and also experimenting with the ride height, so that we can perform to the maximum of our potential in rough conditions as well."

Juho Hanninen (Driver car 11)

"I tested when the weather was still OK: it was quite warm, and we were able to try a few new things with suspension and differentials. Although I've done Rally Portugal before, this is actually my first time on the stages in the north. I like these stages, but from what I can see there could be a lot of road cleaning, so hopefully my road position might help me. Portugal is a bit like Argentina, only not as rough, so I think we can use many of the lessons that we learned there to make more progress. The second run through the stages might be a bit tricky, so we will need to be careful."

Esapekka Lappi (Driver car 12)

"I've been able to test before the rally in Portugal, which has given me a good taste of some future development directions, but these may not be the conditions we experience when it comes to the actual competition. It's obviously very exciting for me to be starting my first rally in the Yaris WRC: the opportunity I've been waiting for all of my life. But this is team effort, and my role is to collect as much data as possible for the team to develop the car further. The most important thing is to finish: never easy on such a challenging event like Portugal. For my own experience too, I need to make sure that I do all the stages, so we're going to take a very calm and focussed approach to the rally."

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of December 2013, Toyota conducts its business worldwide with 52 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 170 countries and regions. 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 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Hong Kong-Shanghai Delegation Visits Thailand and Vietnam

$
0
0

New Opportunities for Infrastructure Collaboration under Belt and Road

HONG KONG, May 12, 2017 - (ACN Newswire) - A Hong Kong-Shanghai joint infrastructure investment delegation visited Thailand and Vietnam this week to discuss cooperation and investment opportunities driven by growing intra-regional cooperation in Asia, especially under the Belt and Road Initiative.

The delegation, organised by the Hong Kong Trade Development Council (HKTDC) in association with the Hong Kong and Macao Affairs Office of the Shanghai Municipal People's Government, comprised some 40 investors and services professionals from Hong Kong and Shanghai. The delegates included those with interest and expertise in finance, consultancy, architecture, energy, waste and water treatment, engineering and construction, legal and accounting, transportation as well as other sectors.

- High-level discussions on infrastructure collaboration

During the 8-9 May Bangkok visit, the delegation was received by Thai Prime Minister General Prayut Chan-o-cha at the Government House, met with Thai Minister of Finance Apisak Tantivorawong, and participated in the "Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt One Road" seminar organised by the Thai government. Senior Thai government officials including Deputy Prime Minister Dr Somkid Jatusripitakand and Minister of Industry Dr Uttama Savanayana spoke on topics such as Thailand's Eastern Economic Corridor development and the advantages of public-private partnerships. A memorandum of understanding (MoU) was signed between the Office of the Eastern Economic Corridor Development and the HKTDC.

On 10-12 May, the delegation went to Hanoi and Ho Chi Minh City, Vietnam to meet with Prime Minster Nguyen Xuan Phuc, and had a series of meetings with senior government leaders including Nguyen Chi Dung, Minister of Planning and Investment, Nguyen Hong Truong, Deputy Minister of Transport, and Nguyen Duc Chung, Chairman of Hanoi's Peoples Committee to promote closer partnership between Hong Kong, Shanghai and Vietnam in infrastructure development.

- The Hong Kong-Shanghai advantage

Speaking at the "Hong Kong and Shanghai: Your Infrastructure Investment Partner" seminars, held in Bangkok and Ho Chi Minh City on 9 and 11 May respectively, HKTDC Chairman Vincent HS Lo said, "Infrastructure is a priority not only in the Belt and Road Initiative, but also in the development plans of many countries in the Asia region. To facilitate investment opportunities for these large, long-term projects, we have joined forces with Chinese enterprises from Shanghai and the mainland to combine our talent and resources to explore opportunities in Thailand and Vietnam."

"The high-level meetings with the Prime Ministers of both countries gave us the opportunity to demonstrate the powerful proposition of this partnership to bring benefits to projects," added Mr Lo. "I am also excited to know that some of our delegates already have new leads to develop, while others made new contacts and acquired valuable information."

"Thailand and Vietnam are important participants in the Belt and Road Initiative, which offers business opportunities we have not seen before," said Zhou Yajun, Deputy Director General, Hong Kong and Macau Affairs Office of the Shanghai Municipal People's Government and an advisor to the delegation.

"Shanghai has many enterprises with strong experience in infrastructure, especially in the design, construction and management of overseas projects. These enterprises have also played a pivotal role in Shanghai's urban development. Hong Kong has an advanced financial system and a wealth of international professional talent," said Mr Zhou. "We are delighted that our complementary strengths can provide a rich platform that can open up an even wider scope of opportunities in infrastructure and related areas. I hope this is the beginning of long-term partnerships and rewarding business opportunities."

During the seminars, Hong Kong and Shanghai delegates representing the investment, financial and professional services sectors had in-depth discussions with Thai and Vietnamese project owners including the Industrial Estate Authority of Thailand (IEAT), the Thai Contractors Association (TCA), VTP Investment Group and Sunny World Property to exchange views and identify areas for cooperation in infrastructure investment.

Photo: 'On May 8, the Hong Kong-Shanghai joint infrastructure investment delegation was received by Thai Prime Minister General Prayut Chan-o-cha at the Government House.' Photo download: http://bit.ly/2pqoich.

About HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.

Google+: https://plus.google.com/+hktdc
Twitter: http://www.twitter.com/hktdc
LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Contact:
Thailand: FleishmanHillard Thailand Yaninee Kasitaranon Tel: +66 2 207 9263; +66 85 842 3330 Email: yaninee.kasitaranon@fleishman.com Vietnam: Galaxy Communications Thi Minh Hong Tel: +84 4 3974 6116 Email: hongttm@galaxy.com.vn Hong Kong: HKTDC Communication and Public Affairs Department Joe Kainz Tel: +852 2584 4216 Email: joe.kainz@hktdc.org

Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Gemalto Empowers Smartphone-based Digital Vehicle Key

$
0
0

Securely lock/unlock and start your car using your smartphone

AMSTERDAM, May 15, 2017 - (ACN Newswire) - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is providing its Trusted Services Hub (TSH) to support Daimler AG's new smartphone-based 'digital vehicle key' for the Mercedes-Benz E-Class range. The premium car maker's innovative solution gives drivers the freedom to lock/unlock and start their vehicles using nothing more than an NFC smartphone. Gemalto's TSH enables seamless and secure over-the-air deployment of the digital keys to any type of phone that supports the solution.

With the key safely downloaded to a secure element* via Gemalto's TSH, drivers can lock/unlock their cars by simply placing the smartphone against the door handle. The engine can also be turned on with the phone in the charging tray of the dashboard and pressing the start button. Capable of operating even if the phone battery** is drained, the need to carry a conventional key is eliminated.

As an integral part of the 'Mercedes me connect' program, the digital vehicle key will connect seamlessly with services that meet the demands of modern mobility and digital lifestyles.

"Digitalization demands that companies harness their expertise to forge strong relationships with all stakeholders within the connected car ecosystem," said Christine Caviglioli, vice president New Mobility Solutions at Gemalto. "For Daimler AG, this aim is fully supported by our solutions, which enable it to offer customers innovative services through their preferred device, without compromising security."

*A Secure Element is a tamper resistant hardware platform, capable of securely hosting applications and storing confidential and cryptographic data. It can be found in a SIM provided by a Mobile Network Operator and/or an eSE (embedded Secure Element) built into phone handset by OEMs.
**up to 10 door lock / unlock in the next 24h if the smartphone device supports this functionality

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.

Gemalto media contacts:

Philippe Benitez
Americas
+1 512 257 3869
philippe.benitez@gemalto.com

Kristel Teyras
Europe Middle East & Africa
+33 1 55 01 57 89
kristel.teyras@gemalto.com

Shintaro Suzuki
Asia Pacific
+65 6317 8266
shintaro.suzuki@gemalto.com

Vivian Liang
Greater China
+86 1059373046
vivian.liang@gemalto.com

Press Release (PDF): http://hugin.info/159293/R/2104544/798595.pdf
daimler_mobile: http://hugin.info/159293/R/2104544/798611.png


Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Fujitsu Starts Sales of Cloud-based Lending and Leasing Services from Cloud Lending Solutions

$
0
0

Figure 1: Diagram of the CL Series
Pricing and Availability
Service adopted by subsidiary of Yayoi, Japan's largest accounting software company, to rapidly set up a proprietary online lending business

TOKYO, May 15, 2017 - (JCN Newswire) - Fujitsu today announced it is commencing sales in Japan of cloud-based solutions for lending and leasing businesses. Developed by US-based Cloud Lending Solutions and known as the CL Series, the solutions will be deployed and operated as Software as a Service (SaaS) with the support and operations services of Fujitsu technicians with expertise in financial systems. This is the first time services from Cloud Lending Solutions will be available in Japan.

Using these solutions, customers can now set up SaaS-based systems quickly, and at low cost, for a suite of business processes related to lending and leasing businesses.

ALT Corporation, a subsidiary of Yayoi Co., Ltd., Japan's largest accounting software company, has decided to become the first Japanese customer for these solutions. ALT is using these solutions to set up a unique online lending business, with plans to begin trial lending in October 2017.

Going forward, Fujitsu plans to expand these solutions sequentially, first to the Asia-Pacific region, and then around the world.

These solutions will be exhibited at Fujitsu Forum 2017, to be held at the Tokyo International Forum (Chiyoda-ku, Tokyo) on May 18-19.

Background

With the goal of offering solutions to transform business using Fintech to customers at financial institutions around the world, on July 12, 2016, Fujitsu signed a Memorandum of Understanding (MOU) with Cloud Lending Solutions for a strategic partnership. Continuing the partnership on the basis of this MOU, Fujitsu has now signed a contract with Cloud Lending Solutions to become its first sales agent in Japan. Fujitsu will from today offer solutions that combine Cloud Lending's CL Series SaaS, which digitize a suite of business processes for lending and leasing businesses, from applications to reviews, contracts, and collections, with broad support from deployment to operations from Fujitsu's technicians, who offer thorough experience and a rich track record in building financial systems, and in support and service.

Features of These Solutions

The CL Series is a set of cutting-edge cloud services offered as SaaS, which digitize a suite of business processes for lending and leasing businesses, from applications to reviews, contracts and collections.

Offerings include CL Originate, which automatically reviews the information submitted by the applicant based on a pre-set scoring model(1), and manages the process until the contract is closed based on that review, CL Loan, which manages the status of claims and collections for the loan amount and the progress of the contract for each applicant based on the type of contract, CL Lease, and CL Collections, which manages overdue situations for credit collections. The series consists of five modules in total, also including CL Marketplace, supporting crowd financing, in which capital gathered from recruited investors is lent out, and collected capital is returned to investors. Customers can select the number of licenses needed for the necessary modules.

Using its experience with financial operations and abundant track record of building financial systems over many years, Fujitsu is offering the CL Series in combination with total support, including operations and deployment support suited to the customer's system environment. This makes it possible to rapidly migrate traditional systems for lending and leasing businesses, built in an on-premises environment, to cutting-edge cloud systems. Moreover, even customers who are entering the lending or leasing business for the first time using Fintech can set up high-quality business systems in a short time and at low cost.

http://www.acnnewswire.com/topimg/Low_FujitsuCLDiagram.jpg
Figure 1: Diagram of the CL Series

Future Plans

Continuing on from this expansion into Japan, Fujitsu will localize these solutions according to the languages and laws of various countries, expanding these solutions first to customers in the Asia-Pacific region, and thereafter sequentially expanding availability around the globe.

Pricing and Availability
http://www.acnnewswire.com/topimg/Low_FujitsuCLPricing.jpg

(1) Scoring model
A model that quantifies level of trust and likelihood of repayment based on financial information about the applicant.

About Fujitsu Ltd

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 159,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702; ADR:FJTSY) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.

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

Contact:
Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/

Copyright 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com

Group Lease PCL (SET:GL) Reports Impressive Q1 Results

$
0
0

BANGKOK, May 15, 2017 - (ACN Newswire) - Fast-growing SET-listed digital finance firm Group Lease PCL ("GL"; SET: GL) has reported impressive Q1 profits of 327.36 million baht, up 47.35% from the same period last year, on the back of improved performance in Thailand and most of the other regional markets in which the group operates.

This Q1 profit represents a new record high for the tenth consecutive quarter, up from the 324.40 million baht net profit in the last quarter of 2016.

In an official filing with the Stock Exchange of Thailand (SET) today (May 15), the company also disclosed that GL Holdings (GLH, a wholly-owned subsidiary in Singapore) resolved in a Board decision on May 9 to pay a US$9.99 million (about 346 million baht) dividend to GL within May 17. The dividend should provide a significant boost to the company's operating results in the current quarter.

Chairman of GL's Executive Committee Mr. Tatsuya Konoshita noted that the Q1 results could have been better if it had not been for the large investment expenses incurred to jump-start businesses in the two high-potential markets of Indonesia and Myanmar. "It was in the early phase and developmental stage of New Countries and New Products, but our business operations in this quarter made historical high profits," Mr. Konoshita stated.

Significantly, Mr. Konoshita said the Q1 financial statements were given a "clean" audit by the company's auditor Ernst & Young. As GL's management had stated before, there was no need for any provisions for bad loans to the company's two groups of major borrowers in Singapore and Cyprus or for impairment of GL's investment in the Sri Lanka-listed finance firm Commercial Credit & Finance (CCF).

There had been concern among some GL shareholders over the need to provide an impairment charge for GL's 29.99% stake in CCF since CCF's price on the Colombo Stock Exchange had fallen from the time of GL's acquisition. But Mr. Konoshita stressed that this was not necessary since CCF is a highly profitable company and GL treats this as a long-term investment. GL fully consolidated about 55.5 million baht profit of profit from CCF in the Q1 results.

The CCF profit contribution made up about 20% of GL's total Q1 profits while the bulk of the remaining 80% came from operations in Thailand and Cambodia with the three other markets of Laos, Indonesia and Myanmar making smaller contributions since operations there are still in an early stage.

Mr. Konoshita noted that Thailand operations are picking up after a slowdown for the past three years in accordance with company strategy. On the company's mainstay of motorcycle leasing, average monthly sales had risen from about 4,100 units in the first quarter last year to more than 4,500 units in the same period this year despite April being full of holidays as the company has increased the number of motorcycle contract dealers.

The Thailand business is also enhanced by a new addition to the hire purchase division for second-hand motorcycles which is taking off after being introduced on a trial basis over the past year.

Meanwhile, GL's operations in Cambodia have slowed down somewhat due to a drought which has affected the local economy, but sales of Honda motorcycles, Kubota agricultural machinery and solar panels are expected to pick up this year in light of more plentiful rainfalls.

Aside from motorcycle leasing, the company has also introduced "Asset-backed Loans" type of business in Cambodia as a new line of business whereby clients who already own motorcycles obtain financing by using their vehicles as collateral, Group Loans in Indonesia as new products and by new subsidiary in Myanmar.

Mr. Konoshita is bullish on the long-term growth potentials of the Indonesian and Myanmar markets where the group's operations are in the early stages of development.

While the sheer size of the Indonesian market (with a population of more than 250 million) offers enormous opportunities for various financial services, Mr. Konoshita is particularly upbeat on the prospect in Myanmar where GL recently obtained a five-year exclusive license to provide financing for Honda, similar to the exclusive deal for Honda in Cambodia.

The Myanmar market is estimated to be roughly one million motorcycle sales per year (more than three times the size of the Cambodian market), yet Honda currently only has a 10% market share or about 100,000 units since the brand entered the Myanmar market only recently. The bulk of the market is dominated by low-quality Chinese models.

"This means there is plenty of room for growth as Honda increases its market share to more than 50% in several years, and GL is the only finance company which can provide the financing for this market," Mr. Konoshita stated.

About Group Lease PCL

Group Lease Public Company Limited was established on 6th May 1986 and listed on the Stock Exchange of Thailand in 2004 (SET:GL). The company has expertise in hire-purchase of motorcycles, as it has been in the motorcycle leasing business for over 20 years, with motorcycle brands for financing including Honda, Yamaha, Suzuki, Kawasaki.

In 2007, the APF group became the major shareholder holding around 65% of total shares. In 2012, GL announced a long-term business plan to become the leading finance company in the Southeast Asian region. To do so, GL formed Group Lease Holdings Pte. Ltd. (GLH), a Singapore holding company, as headquarters for its expansion in other countries. For more information, please visit www.grouplease.co.th.

Contact:
Distributed for Group Lease Public Company Limited by M T Multimedia Co., Ltd. Orn-anong ("Fah") Pattaravejkul Tel: +66-2-612-2081 # 129 / Mobile: +66-86-884-4458 E-mail: ornanong.p@mtmultimedia.com Website: www.mtmultimedia.com

Copyright 2017 ACN Newswire. All rights reserved. www.acnnewswire.com

Toyota Launches Restroom Information Service Across Japan

$
0
0

A New Service Added to the TC Smartphone Navigation App

Toyota City, Japan, May 15, 2017 - (JCN Newswire) - Toyota Motor Corporation will launch a service today that enables users to search for information on public accessible restrooms(1) which are located at rest stops on highways, general roads, as well as at public and cultural facilities nationwide. Route guidance to the restrooms will also be provided. The service will be added to TC Smartphone Navigation(2), a navigation application for smartphones.

The service provides information of approximately 19,000 public accessible restrooms located at a range of locations, such as highway service areas, rest areas, "highway oasis" recreation areas, Michi-no-Eki (roadside rest areas across Japan), municipal offices, art and other museums, Welcab Stations(3) among others, so as to enable wheelchair users and disabled people to be able to have a stress-free and comfortable journey. The service displays the locations of the relevant facilities which are near the user's vehicle, and provides route information to the selected facility on the user's smartphone. Furthermore, detailed information are provided, such as the availability of disabled parking at the facilities, if there are steps at the restroom's entrance, as well as the types of handrails installed among others.

Toyota created the Restroom Finder application as a part of its application lineup provided exclusively by the T-Connect and Lexus G-Link telematics services. It has provided the service in three Tokai prefectures (Aichi, Gifu, and Mie) for approximately two years from May 2015 to March 2017. The service launched this time will expand the coverage of information on public accessible restrooms across Japan, and will be available free of charge for all smartphone users. This will help to enhance convenience, with the aim of providing reassuring and convenient mobility support services to an even broader range of users.

Going forward, Toyota will continue enhancing TC Smartphone Navigation services as tools that would help to support the mobility-based lifestyles of consumers.

(1) Restrooms with handrails that facilitate use by wheelchair users as well as diaper changing tables, facilities for ostomates, and other equipment to support a wide range of users which include senior citizens, disabled persons, people with children, and so on.
(2) Compatible devices: iPhones and Android devices. Service territory: Japan. Supported language: Japanese
(3) A Toyota dealer with a dedicated space for specially equipped Welcab vehicles. Welcab Stations meet universal design standards and employ a resident Welcab consultant--a professional who combines expert knowledge and experience in the field of welfare mobility.

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of December 2013, Toyota conducts its business worldwide with 52 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 170 countries and regions. 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 2017 JCN Newswire. All rights reserved. www.jcnnewswire.com
Viewing all 19369 articles
Browse latest View live


<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>