indie

Haily Group Berhad aims to raise RM20.4 million from IPO

indie 30 6 月

5 minutes

KUALA LUMPUR, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.(from left) Haily Group Berhad Executive Director Ms See Swee Ling, Haily Construction Sdn Bhd Director Mdm Kik Siew Lee, Haily Group Berhad Founder & Executive Director Mr See Tin Hai, and Haily Group Berhad CEO & Executive Director Mr Yoong Woei YehHaily is principally a main contractor involved in building construction of residential and non-residential buildings in the Southern Region of Peninsular Malaysia, in particular, Johor and is also involved in the provision of rental of construction machinery. Haily has completed approximately 65 building construction projects with a total contract value of RM1.29 billion since 2008. As a Grade 7 contractor with CIDB, this allows the Group to bid and carry out any size of building construction projects irrespective of the contract value. Haily's clients include subsidiaries of public listed companies such as Mah Sing group of companies, Countr...

APOLLO FUTURE MOBILITY GROUP announces its urban delivery vehicle UME was awarded the “Best of Best” in the “Commercial” category in the Automotive Brand Contest 2021 in Germany

indie 30 6 月

5 minutes

HONG KONG, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - Apollo Future Mobility Group Limited ("AFMG", the "Company", HKEx stock code: 860) announces today that its urban delivery vehicle - the UME, developed by its German team, was awarded the title of "Best of Best" in the "Commercial" category in the Automotive Brand Contest 2021 ("abc2021") organized by German Design Council.Highlighting the appreciation of the abc2021 judging panel members to the UME design, the panel's official verdict reads: "UME's Urban Delivery Vehicle with its holistic sustainable concept approach is an attractive solution for electric last mile transport of goods. The idea of sending the vehicle as an assembly kit to local micro-factories is truly remarkable. The modular superstructures also allow for a variety of deployment scenarios. A well thought-out, coherent commercial vehicle concept that is also convincing in its form with its modern, friendly product language."Unveiled for the first time at the Third China International Import Expo 2020 hosted in November 2020, the UME, meaning "Utility Meets Electric", is designed to be a cost and time effective tool to fulfill the last mile in the supply c...

China Huarong’s “Recent Concerns” and “Future Worries”

indie 30 6 月

8 minutes

HONG KONG, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - (This article is reprinted from Gelonghui) Since China Huarong announced the postponement of its 2020 results, several international rating agencies have downgraded its corporate and bond ratings. On June 2, S&P Global Ratings announced that it would continue to keep its "BBB+" long-term and "A-2" short-term issuer credit ratings on China Huarong Asset Management Co. Ltd. (CHAMC) and its subsidiaries, China Huarong Financial Leasing Co. Ltd. (HRFL) and China Huarong International Holdings Ltd. (Huarong International) on CreditWatch with negative implications; The "BBB+" long-term issue rating on the notes that Huarong International guarantees also remained on CreditWatch with negative implications.Cash and cash equivalentsCNY00'million China Huarong (2799.HK) - GSD. Cash Flow Statement / Net cash flow generated from operating activitiesHowever, S&P Global Ratings continued to view CHAMC as a government-related entity with a very high likelihood of extraordinary government support. The reasons of remaining to be listed on CreditWatch with negative implications were the uncertainty caused by China Huarong's delay in...

Alco Announces 2020/21 Annual Results, Notebook Computer Brand Business Thriving Amid Challenging Environment

indie 30 6 月

4 minutes

HONG KONG, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - Alco Holdings Limited ("Alco" or the "Group"; stock code: 00328), a world-leading manufacturer of electronic products, announced its annual results for the year ended 31 March 2021 (the "Year").Year 2020 was challenging due to the COVID-19 pandemic, nonetheless, with notebook computers in strong demand, the Group recorded a 33% increase in turnover to HK$1,279 million (2020: HK$961 million). Notebook computer sales were HK$632 million, representing 261% year-on-year growth (2020: HK$175 million), with sales volume near a quarter million units, evidencing the popularity and consumer acceptance of Alco's notebook computer brands.During the Year, the Group's gross loss margin improved by 1.9 percentage points to -4.8% (2020: -6.7%), and net loss attributable to equity holders of the Company improved by 40% to HK$360 million (2020: HK$599 million). Certain sales orders were abandoned during the Year compelled by the global supply shortage of various electronic parts and components, and suppliers unable to timely deliver critical components, as such the Group's profitability was affected. Nevertheless, net loss attributable to...

EC Healthcare Announces FY2020/21 Annual Results

indie 30 6 月

8 minutes

HONG KONG, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong, announces today its annual results for the fiscal year ended 31 March 2021 (the "Year").Business Highlights -- Introduced numerous strategic shareholders including Dr. Cheng Chi Kong, Goldman Sachs Asia, Champion REIT, etc. -- Revenue from medical services surged 54.0% to HK$960 million, with its contributions to total revenue rose to 46.1%-- Revenue in the Mainland China increased by 52.5% to HK$135 million-- Second-half total revenue jumped 61.0% versus first half, second-half profit after tax surged by 223.2% versus first half-- Earnings before interest, taxes, depreciation, and amortization ("EBITDA") amounted to HK$397 million, profit after tax was HK$226 million and basic earnings per share were 18.8 HK cents-- The board of directors (the "Board") proposed final cash dividend of 12.9 HK cents per share, which together with the interim dividend of 3 HK cents per share, will bring the total annual dividend to 15.9 HK cents per share, representing...

Market Selloff Presents Good Opportunity to Accumulate ETH While It is Undervalued Says PrimeXBT Analyst Kim Chua

indie 30 6 月

7 minutes

US, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - News flows the past week has centred around BTC's big flash dip and about how long-term investors are taking the chance to accumulate more BTC. However, no one seems to be talking about the second largest coin, ETH. Is ETH a good buy at these levels?The rise in DeFi is the single largest contributor towards the demand for ETH in this bull run as ETH is used both as a collateral as well as a fuel to use the ETH blockchain for yield-farming. While other developments like NFTs also contribute to the popularity of ETH, by and large, 90% of the demand for ETH has been for DeFi usage so far. Thus, to study if ETH is a worthwhile investment now, our focus should still be on DeFi, specifically, the trend about DeFi going forward.ETH, while being the undisputed leader in DeFi, has seen some competition from other blockchains like Binance Smart Chain (BSC) and Polygon (MATIC). Part of the argument against ETH in DeFi use has been its high gas fee and slow speed, which has caused both yield-farmers and protocols to migrate to other cheaper blockchains like BSC and Polygon (MATIC). This resulted in some value from the ETH blockchain moving ...

Jacobson Pharma Announces FY2021 Annual Results

indie 30 6 月

6 minutes

HONG KONG, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaging in the research, development, production, marketing and sale of essential medicines, specialty drugs and branded healthcare products, today announced the annual results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 March 2021 (the "FY2021" or the "Reporting Period").During the Reporting Period, the economy was hit hard by the pandemic with retail consumption stalled due to various social distancing measures and travel restrictions. At the continual impact of the pandemic on its businesses, the Group made total revenue of HK$1,445.9 million in the Reporting Period, dropped narrowly by 8.0% against the previous year. Mitigated by the impact relief and cost-saving measures, profit attributable to shareholders softened by 19.4% to HK$173.7 million.The Board has recommended payment of a final dividend of HK1.5 cents per share (FY2020: HK2.5 cents per share). Including the interim dividend of HK0.8 cent per share already paid and a special interim dividend made by the Comp...

JBM Healthcare Announces FY2021 Annual Results

indie 30 6 月

5 minutes

HONG KONG, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - JBM (Healthcare) Limited ("JBM Healthcare" or the "Group"; Stock Code: 2161), a leading branded healthcare products marketer and distributor in Hong Kong, has announced today the first annual results of the Group after its spin-off listing on the Main Board of The Stock Exchange of Hong Kong Limited on 5 February 2021. Despite the unprecedented challenges due to the COVID-19 pandemic, the Group posted a total revenue of HK$397.2 million during the year ended 31 March 2021 ("Reporting Period"), representing a growth of 4.1% from last year. Before taking into account the one-off listing expenses, the adjusted net profit* increased by 13.3% to HK$54.6 million when compared with last year. Basic earnings per share was HK2.78 cents.Resilient Performance Driven by Strong Product PortfolioJBM Healthcare carries a robust and broad portfolio of branded healthcare products in the segments of branded medicines, proprietary Chinese medicines, and health and wellness products.As for the proprietary Chinese medicines ("PCM") business, sales revenue notably increased by 14.6% to HK$210.9 million, driven by the buoyant performance of Hoi...

Spinning electricity from heat and cold

indie 29 6 月

4 minutes

TSUKUBA, Japan, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - A new device harvests two types of energy during the daytime, making it cool on one end and hot on the other, to generate electricity around the clock. With further improvements, the device could be used in off-grid Internet-of-things sensors. The details were published in the journal Science and Technology of Advanced Materials.Thermal emission is radiated from the top of the device, keeping it cool, while sunlight is absorbed at the bottom, keeping that part warm. The temperature gradient and types of materials used lead to the generation of a spin current that is converted to thermoelectric voltage.Scientists have known for at least 200 years that electricity can be generated from a temperature gradient, a phenomenon called thermoelectric generation. Recently, researchers have developed thermoelectric conversion technologies by changing material parameters and introducing new principles. For example, researchers have found that magnetic materials can generate thermoelectric voltage by inducing a flow of electron spins along a temperature gradient, called the spin Seebeck effect, and that increasing a device's leng...

PRC’s Largest Pearlescent Pigment Producer Global New Material International Holdings Limited Announces Details of Proposed Listing on the Main Board of HKEX

indie 29 6 月

16 minutes

HONG KONG, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - Global New Material International Holdings Limited ("Global New Material", together with its subsidiary the "Group"), the largest pearlescent pigment producer in the PRC*, has announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX"). The Group's business principally focuses on the production and sales of a comprehensive portfolio of pearlescent pigment products. The products are sold to customers in the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America under its brand of "Chesir Pearl" .Chairman, Chief Executive Officer and Executive Director of Global New Material International - Mr. SU ErtianProfessor FU Jiansheng (right), the Group's Chief Engineer and a pioneer in pearlescent pigment industry in the PRC, guides research and development workHighlights-- The Group is the largest pearlescent pigment producer in the PRC, with a market share of 11.0%. It is also the fourth largest pearlescent pigment producer in the global market with a market share of 3.0%*.-- The Group possesses a comprehensive portfolio of pearlescent...

Start-up Express Pitching Final showcases innovation

indie 29 6 月

9 minutes

HONG KONG, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - Start-up Express, an entrepreneurship development programme organised annually by the Hong Kong Trade Development Council (HKTDC), has returned for its fourth edition. The Pitching Final of the programme came to a successful conclusion today with a judging panel selecting exceptional Hong Kong tech start-ups that presented inspirational ideas and innovative solutions to help overcome social and environmental issues.The Start-up Express Pitching Contest winners pictured together with the judging panel and special guests. Pictured on the front row (from left) are judges Herbert Chia, Venture Partner, Sequoia Capital China; Raymond Yung, Vice Chairman, AMTD Global Advisory Committee; Stephen Liang, Assistant Executive Director of HKTDC; Hendrick Sin, Co-founder & Executive Director & Vice Chairman, CMGE Technology Group Limited; and Duncan Chiu, Co-founder, Radiant Venture Capital Limited.The distinguished judging panel witnessed the rise of new start-up success stories.Renowned stand-up comedian Vivek Mahbubani, the event host, talked to entrepreneurs from some of the participating start-ups.For the second consecuti...

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

indie 29 6 月

4 minutes

Singapore / Malaysia, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd., (199801000924), through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. (201301013805). The acquisition is a part of KGISL's growth strategy in the InsurTech space.Prassadh Shanmugam, Director and Chief Executive Officer, KGISLAETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS' Core Insurance Product and Solutions are well known in the market and are market leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL's footprint in the InsurTech space.KGISL has its market presence in the Malaysia InsurTech space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring ...

PallyCon unveils Robust Distributor Watermarking to Fortify Premium Content in the Distribution Phase

indie 29 6 月

2 minutes

LOS ANGELES, CA., Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - PallyCon, a global leader in Multi DRM and content protection service provider, launches robust distributor watermarking to deter and combat premium content leaks in the distribution process.Approved and audit passed, the solution protects the pre-release assets of original content owners, broadcasters, post-production houses and content aggregators by securing video content from proxy deliveries and leaks at every step during the post-production workflows.Offering both visible and invisible watermarking options, it protects content creators, studios and content owners from potential leaks by applying distributor watermarking, enabling them to trace the point of leak back to the particular department or third party responsible for leaking the content.Expressing his views on the launch, Mr James Ahn, Founder & CEO of INKA ENTWORKS said, "PallyCon's robust distribution watermarking is an evolution in the fight against pre-release leaks, ensuring a high degree of traceability which traditional content protection lacked. With the magnitude of the content generated, streamed and downloaded every day, the risk of pro...

Top Asian OTT leaders explored the potential of OTT in supporting businesses and enterprises in the Asian market

indie 29 6 月

6 minutes

Vietnam, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - The inaugural edition of World OTT Show - Asia gathered business leaders across industry sectors from ASIA such as technology experts and leading technology solution providers, to discuss macro issues, strategies and challenges in the burgeoning OTT space.An image from World OTT Show - Asia; panel discussion streamed live on 17 June 2021The difficult year of Covid-19 pandemic had just seen economies suffer, markets getting crashed and some of the burgeoning industries wiped out entirely. But for OTT industry, Covid-19 was a blessing in disguise, a kind of a banner year you may say. Particularly, because OTT viewing had an upward pre-Covid growth.There is no doubt that consumer consumption patterns have changed in the last 16 months. Over-the-top platforms were already doing well pre-Covid, but lockdowns enforced by the Governments across the globe has given a significant push to OTT memberships. With people given hardly any choice of entertainment, OTT gave them a never before consumer advantage - choice of content, ease of access, choice of devices/mediums.To address some of these concerns and changing consumer patterns, t...

DigiMax Provides Update Regarding CryptoHawk and Cayman Crypto Fund

indie 29 6 月

5 minutes

TORONTO, ONTARIO , Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI) (OTC:DBKSF), a company that provides artificial intelligence (AI) and cryptocurrency technology solutions, is pleased to provide an update about the successful activities being realized at its wholly-owned subsidiary, DataNavee Inc.DigiMax is pleased to report that its new Crypto Price Trend Predictor, CryptoHawk, which was launched on June 1st, 2021 has had a stellar performance in June. These figures are based on closed prediction cards through the last closed prediction on June 27th, 2021 and all information is available to subscribers and free trial members.For Bitcoin ("BTC"), there is a 32.3% difference, in the first month of launch, based on the return our subscribers earned from the prediction indicators sent to them by text, compared to the buy-and-hold strategy for the same period. CryptoHawk produced a 20.6% gain so far in June compared to an 11.7% loss in the value of Bitcoin in the same period.For Ethereum ("ETH"), CryptoHawk is ahead of buy-and-hold by a 34.7% difference. CryptoHawk has provided subscribers with a 5.6% gain while buy-and-hol...

Scandium International and Nevada Gold Mines Sign LOI to Pursue Critical Metals Recovery at Phoenix Mine

indie 28 6 月

8 minutes

Reno, Nevada, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - Scandium International Mining Corp. (TSX:SCY) ("Scandium International" or the "Company") and Nevada Gold Mines ("NGM"), have signed a Letter of Intent ("LOI") to initiate a joint technical and economic feasibility program at NGM's Phoenix Mine, near Battle Mountain, Nevada. The purpose of this joint development program is to confirm the economic and technical viability of a critical metals recovery ("CMR") project at the mine site. The LOI defines a detailed US$2.7 million spend program which includes bench test work, pilot plant testing, and feasibility study design work. The program is anticipated to require 15 months to complete. With program completion, the partners intend to take an investment decision on construction and operation of a plant facility to recover critical metals from mine solutions. The LOI also outlines key parameters of a partnership, including formation of a joint venture to hold the plant facility, and a 50:50 ownership in the recovery circuit asset.The project is envisioned as an ion-exchange recovery system, capturing critical metals that are currently recirculating in heap leach copper solu...

1982 Ventures Invests in Infina, Vietnam’s ‘Robinhood’ Investment App

indie 28 6 月

4 minutes

SINGAPORE, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - Infina, Vietnam's leading digital investment platform, has secured seed funding, raising an oversubscribed 7-digit seed round from 1982 Ventures, Saison Capital, Venturra Capital, 500 Startups, Nextrans and prominent angel investors. Infina, on a mission to democratize investments for Vietnam's population of 97 million, will use the funds to fuel growth and expand its product offerings.1982 Ventures backs Infina, Vietnam-based digital investment platform, in an oversubscribed 7-digit seed round. 1982 Ventures is the leading seed fund focused on fintech in Southeast Asia. [Images: Infina]Infina is well-positioned to tap into the growing retail investing opportunity in Vietnam. Approximately 500,000 trading accounts were opened in the first 5 months of 2021, which represents a 20% record increase over the full year 2020 figure. This growth is due in part due to millennials. While only 3.2% of the population invest in stocks, 75% of Vietnamese internet users transact money digitally. Launched in January 2021, Infina is the latest to join the boom of investment apps across the region. Amid the pandemic, the startup currently ...

Kindstar Globalgene Proposed Listing on the Main Board of the Hong Kong Stock Exchange

indie 28 6 月

5 minutes

HONG KONG, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - A leading player in China's independent esoteric clinical testing service provider - Kindstar Globalgene Technology, Inc. ("Kindstar Globalgene" or the "Company", together with its subsidiaries, the "Group", stock code: 9960.HK), today announced the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange"). Kindstar Globalgene plans to offer 226,405,000 Shares (subject to the Over-allotment Option), of which 203,764,500 Shares will be International Offer Shares (subject to reallocation and the Over-allotment Option), representing 90% of the initial offer shares; the remaining 22,640,500 Shares will be Hong Kong Offer Shares (subject to reallocation), representing 10% of the initial offer shares. Offer Price is between HK$8.60 and HK$9.78 per Share. Kindstar Globalgene will open for Hong Kong Public Offering in Hong Kong at 9 a.m., June 29, 2021 (Tuesday), and close at 12:00 noon, July 7, 2021 (Wednesday). Dealings in shares of Kindstar Globalgene on the Main Board of the Hong Kong Stock Exchange is expected to commence on July 16, 2021 (Friday). The shares wil...

SCCG Management Joins Forces with Paul Miller to Strengthen its Business Development Capabilities in Australia, APAC Countries

indie 28 6 月

2 minutes

LAS VEGAS, NV, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - Stephen Crystal, Founder, SCCG Management, announced a partnership with Paul Miller, to build its business development capabilities in Australia and the Asia - Pacific Region.Paul Miller has 30 years of experience in senior management of tech companies in Australia and 11 years in the United States. He has assisted more than 100 tech companies in growing, entering new markets, acquiring new customers, and successfully led various M&A activities. He has advised gaming and tech companies in the US, Canada, UK, EU, LatAm, and Asia. His unique skill is to crystallize complex concepts into simple messages.Said Crystal on the event, "Paul is a rare talent in terms of being both an experienced tech executive and businessman with a strong history of entrepreneurial successes, globally. We are very excited to be able to build our business and market development talent through Paul's guidance and reach."About SCCG ManagementSCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capi...

China Biotech Services (8037.HK): Confident shareholders are taking long on their books in anticipation of promising results to be generated from the double engines of growth on cell therapy and precision diagnostic businesses

indie 28 6 月

7 minutes

HONG KONG, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - 2021-6-23 / Gelonghui - The Company's self-developed cell therapy product was approved by NMPA to enter into phase I clinical trial as a class I new drugSource: official website of NMPAWith the recent approval of the first CAR-T cell therapy product for marketing in China, a brand-new era of immune cell therapy has just begun.According to the announcement of National Medical Products Administration of China (NMPA), Axicabtagene Ciloleucel injection (code name: FKC876), a CAR-T cell therapy product of Fosun Kite, was officially approved for the treatment of adult patients with relapsed or refractory large B-cell lymphoma (including diffuse large B-cell lymphoma (DLBCL) non-specific type, primary mediastinal B-cell lymphoma (PMBCL), high-grade B-cell lymphoma and DLBCL transformed from follicular lymphoma) after second-line or higher systemic therapy.China Biotech Services took its first show in the field of CAR-T cell R&D through its acquisition of Shanghai Longyao Biotech in July 2018.By now, Shanghai Longyao Biotech has built a first-class scientific and R&D transformation team and has pooled up more than 10 prod...

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