ACN Newswire

Legend Holdings Revenue and Net Profit Attributable to Equity Holders of the Company Stood at RMB 228.57 Billion and RMB 4.69 Billion in 1H2021

indie
14 minutes

HONG KONG, Sep 1, 2021 - (ACN Newswire via SEAPRWire.com) - Legend Holdings Corporation ("Legend Holdings" or the "Company"; stock code: 3396.HK) announced the unaudited interim results of the six months ended June 30, 2021 (the "Reporting Period") on August 31, 2021. During the Reporting Period, the Company's revenue was RMB 228.57 billion, representing a year-on-year increase of 24%, which rose for nine consecutive reporting periods. Net profit attributable to equity holders of the Company amounted to RMB 4.69 billion, which represented a year-on-year increase of 636% and hit a record.FINANCIAL HIGHLIGHTSFor the six months ended June 30, 2021:-- Revenue stood at RMB 228.57 billion, representing a yoy increase of 24%;-- Net profit attributable to equity holders of the Company amounted to RMB 4.69 billion, representing a yoy increase of 636%;-- Profit for the period reached RMB 8.72 billion, representing a yoy increase of 295%.Mr. Li Peng, Executive Director and CEO of Legend Holdings, deemed that, "During the first half of 2021, although the global epidemic has recurred and the full recovery of the international market is still waiting for time, China's clear policy guidance, stro...

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ZALL Smart Commerce Group (2098.HK) increased revenue by 40.3% in 1H2021, aims for RMB100 billion on year

indie
7 minutes

SINGAPORE, Sep 1, 2021 - (ACN Newswire via SEAPRWire.com) - ZALL Smart Commerce Group (ZALL; 2098.HK), Asia's largest B2B e-commerce group, today announced its results for the first half 2021 (January 1 - June 30, 2021). ZALL's revenue rose by 40.3 per cent year-on-year to RMB 50.16 billion (US$7.76 billion), on the back of stronger Group operating capacity. Gross profit rose to RMB 607 million (US$93.96 million), an increase of 8.1 per cent year-on-year, and profitability remained stable.Revenues from ZALL's offline wholesale markets and online Industrial Internet platforms such as Shenzhen Sinoagri, ZALL Steel, and Huasuhui steadily increased, benefitting from the gradual increase of services in ZALL's ecosystem, spanning wholesale trade markets, agriculture, steel, plastics and chemicals and other industries. Supply chain services such as finance, warehousing, and logistics also continued to empower upstream and downstream customers in the industry value-chain, laying a solid foundation for rapid growth.Previously, ZALL embarked on a new strategic rebrand and is committed to becoming the world's largest digital trade platform. The Group looks to incorporate "New Trading Methods"...

JCN Newswire
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NEC Launches Simulated Annealing Service Utilizing Vector Supercomputers

ruth
3 minutes

TOKYO, Sep 1, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced the launch of the "NEC Vector Annealing Service," a quantum-inspired simulated annealing service that uses a vector supercomputer, as well as the launch of educational services that enable participants to learn about quantum computers and how to use simulated annealing machines. NEC will start offering both services in November 2021. NEC Vector Annealing Service is a cloud service that runs software incorporating NEC's proprietary algorithm suitable for quantum annealing processing on the vector supercomputer "SX-Aurora TSUBASA." This algorithm can be efficiently resolved through narrowing down the search range of solutions for combinatorial optimization problems by utilizing various constraints imposed in practical situations. By operating the NEC Vector Annealing Service on SX-Aurora TSUBASA, which performs matrix calculations with a large capacity memory, ultra-high-speed processing of large-scale combination problems can be carried out. This service is provided as a Platform as a Service (PaaS), thereby allowing customers to use simulated annealing machines directly. Also, NEC wi...

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Establishment of Quantum Strategic Industry Alliance for Revolution (Q-STAR)

ruth
5 minutes

TOKYO, Sep 1, 2021 - (JCN Newswire via SEAPRWire.com) - The Founders' Association of the Council for New Industry Creation through Quantum Technology was formed on May 31, 2021 to advance preparations for establishing an industry council to promote initiatives in quantum technologies. Today, the 24 companies of the association, at their general meeting, formally established the council under a new name, the Quantum Strategic Industry Alliance for Revolution: Q-STAR.The quantum age is now approaching and expectations are growing worldwide for the realization of safe, secure lifestyles and a better society. Japan aims to position itself as a quantum technology innovation-oriented nation, and to create new industries through services that leverage its strengths in materials, devices, measuring technologies, computers and communications, simulations and other technologies. Q-STAR will contribute to this with global leadership in the promotion of activities that advance science and technology in this new era, and by promoting Japanese industry and strengthening international competitiveness.Q-STAR will invite the participation of diverse industries that support its objectives and initia...

SeaPRwire

High Court awards PM Lee $370,000 in damages in defamation suits against TOC editor Terry Xu and article author

aseanpr
3 minutes

SINGAPORE - The High Court has awarded Prime Minister Lee Hsien Loong a total of $370,000 in damages for two defamation suits he filed over an article published on The Online Citizen (TOC) website. He had separately sued TOC chief editor Terry Xu and Ms Rubaashini Shunmuganathan, the Malaysian author of the article that was published on Aug 15, 2019. The article, titled "PM Lee's wife Ho Ching weirdly shares article on cutting ties with family members", had quoted a Facebook post by PM Lee's sister, Dr Lee Wei Ling, saying their father, founding prime minister Lee Kuan Yew, had been misled by PM Lee into believing the family house at 38 Oxley Road had been gazetted by the Government. Ms Rubaashini did not enter an appearance to defend the suit against her and judgment in default was granted in favour of PM Lee. In a 64-page judgment released on Wednesday (Sept 1), Justice Audrey Lim said she was unable to accept Mr Xu's inference that PM Lee had, with an ulterior motive, misled Mr Lee Kuan Yew into believing that the house had been gazetted. "On the contrary, the evidence shows that (PM Lee) had supported (Mr Lee Kuan Yew's) wishes to demolish the house as he wanted to respect his ...

SeaPRwire

Briton allegedly linked to Wirecard case charged in Singapore with abetting to falsify document

aseanpr
3 minutes

SINGAPORE - A man allegedly linked to a case involving German payments company Wirecard has been charged with one count of abetting to falsify a document. James Henry O'Sullivan, 46, appeared in a Singapore district court via video-link on Wednesday (Sept 1). In March 2017, the Briton allegedly instigated then director of local accounting firm Citadelle Corporate Services R Shanmugaratnam to falsify a document. According to court documents, O'Sullivan, who was arrested on Monday, purportedly instructed the Singaporean to issue a letter from Citadelle to a Wirecard subsidiary known as Cardsystems Middle East FZ. The letter is said to have stated that Citadelle held a balance of about 86.4 million euros (S$137 million) in an escrow account as of Dec 30, 2016 - when, in fact, Citadelle did not maintain such an account. Escrow is an essential service in capital markets that supports transactions such as mergers and acquisitions. O'Sullivan's lawyer Tito Isaac on Wednesday asked for his client to be allowed bail, stressing that the Briton had assisted the authorities with investigations. Mr Isaac said O'Sullivan's ties to Singapore are strong, adding that he and his wife are working her...

SeaPRwire

Researchers identify possible predictor of early heart disease in the elderly: NHCS

aseanpr
3 minutes

SINGAPORE - Researchers here have found a potential predictor of heart disease among the elderly, after discovering a link between the weakening of skeletal muscle function and heart size. The skeletal muscle is attached to bones around the body and helps with muscle movement. The age-related loss of skeletal muscle mass and function is known as sarcopenia, and it affects 10 per cent of older healthy adults. While such skeletal muscle degeneration is known, the impact of sarcopenia on the ageing heart had not been identified. This was what the study led by the National Heart Centre Singapore (NHCS) sought to address. The longitudinal study, known as the Cardiac Ageing Study, began in 2014 and involved more than 300 healthy adults between 40 and 80 years old. It aimed to study the characteristics of how the heart ages - in both structure and function - within the local population. Based on detailed scans and various assessments such as skeletal muscle mass measurements and hand grip strength tests, the researchers found significant associations between skeletal muscle mass, function and heart structure. Over 20 per cent of older adults with sarcopenia had a distinct pattern of struc...

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Changi Airport T1 and T3 reopen to public 3 months after Covid-19 cluster found

aseanpr
3 minutes

SINGAPORE - Staff of several stores and eateries returned to Changi Airport's Terminal 1 and Terminal 3 for the first time in more than three months on Wednesday (Sept 1). Traffic at the two terminals was light on Wednesday morning as they reopened to the public, but retail staff working there were hopeful of crowds returning on the weekend. Ms Izzul Faqihah, who works at the Ichikokudo Ramen, said she was excited to take on her new role as store manager. "I am excited to be back… it's quieter than usual today, but I think customers will know that there are no more cases and they will feel safe coming here," she said. "I went to Jewel Changi Airport last week and it was quite crowded, so hopefully some of them will come here." She expects crowds to also return with the start of the September school holidays next week. She said the store had received reservations for the weekend. When The Straits Times visited Terminal 3's basement two on Wednesday morning, a few stores were still closed and most of the people around were airport workers. A clothing shop employee, who wanted to be known only as Ms Yang, said the airport was quieter than usual on a weekday morning, but she hoped it w...

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Youth praised by PM Lee for helping the homeless slept on the streets when she was a teenager

aseanpr
5 minutes

SINGAPORE - When undergraduate Roslina Toh read about Malaysians working in Singapore who were stranded after the Malaysian border was closed to stem the spread of Covid-19 in March last year, she decided to help at once. She led a a team of about 200 volunteers from various churches and for more than a month, they spent almost every night looking for people who were sleeping rough and wanted a refuge. The Home Away from Home initiative brought those who wanted a temporary roof over their heads to Transit Point, a shelter for the homeless run by New Hope Community Services, and offered food and sleeping bags to those who prefer to rough it out on the streets. Ms Toh, who is studying social work at the Singapore University of Social Sciences, said: "I was homeless before and people helped me. So I want to give back and to do something for them." Prime Minister Lee Hsien Loong mentioned Ms Toh in his National Day Rally speech on Sunday night (Aug 29) when he thanked her and others in the frontline for serving during the pandemic. "It was an honour," Ms Toh said when she was asked how she felt to be singled out by PM Lee. At 24, she has come a long way from her troubled childhood. Her...

ACN Newswire
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iSend Logistics Malaysia Partners IKOBANA to Expand Delivery Business Nationwide

indie
3 minutes

KUALA LUMPUR, Sep 1, 2021 - (ACN Newswire via SEAPRWire.com) - iSend Logistics Malaysia ("iSend"), a logistics and warehousing specialist and a subsidiary of MAA Group Berhad, is expanding its last-mile delivery services through a partnership with Ikobana Sdn Bhd ("IKOBANA"), a homegrown courier and freight forwarding services provider established in 2006, with 70 outlets across Peninsular Malaysia.The COVID-19 pandemic, and the lockdowns, has quickened the pace of digital adoption among consumers as well as businesses, with an ensuing boom in e-commerce transactions. According to the Department of Statistics Malaysia, for the second quarter ended 30 June 2021, e-commerce income grew by 23.3% to RM267.6 billion compared to the same quarter in 2020 while compared to the first quarter ended 31 March 2021, income grew by 5.1%.For the whole of 2020, e-commerce income grew by 32.7% to RM896.4 billion as the COVID-19 lockdowns boosted not only online retail transactions but also transactions among businesses particularly in the manufacturing and services sectors."Set against this backdrop, an important feature in this 'chain' is the delivery provider. Whilst online transactions are a fun...

JCN Newswire

TANAKA Memorial Foundation to Offer Precious Metals Research Grants of up to 5 Million Yen

ruth
5 minutes

TOKYO, Sep 1, 2021 - (JCN Newswire via SEAPRWire.com) - The TANAKA Memorial Foundation (Representative Director: Hideya Okamoto) announced that it will take applications for research themes for FY2021 Precious Metals Research Grants between September 1 (Wed) and November 30 (Tue). Applications will be accepted from Japanese educational institutions and public research institutes conducting research and development using precious metals. In this 23rd year of the research grant, recipients will receive 5 million yen for the Platinum Award, 2 million yen for the Gold Award, 1 million yen for the Silver Award, 1 million yen for the Young Researcher Award, and 300,000 yen for the Encouragement Award.Applications for the Precious Metals Research Grants are open to themes in all fields related to new technology and research and development in which precious metals can make a contribution. Applications can be submitted using the application form on the TANAKA Memorial Foundation website (https://tanaka-foundation.or.jp), and, after strict examination, award recipients will be announced at the end of March 2022.The TANAKA Memorial Foundation aims to contribute to the development and cultiva...

ACN Newswire

[聶Sir] 朝聚眼科踏入高增长期 短期回调成低吸良机

tallulah
1 minute

HONG KONG, Sep 1, 2021 - (亚太商讯 via SEAPRWire.com) - 中国眼科医疗服务市场随着国内老龄化人口持续上升、个人眼晴健康知识的不断提高，总体规模亦相应的持续扩大，因此，一直以来都是基金、投资人所重点关注的黄金赛道。但近期整个板块受大市气氛影响，表现有所回调。然而，市场资金并没有减退，反而有不少基金藉此重新配置，在现估值低位中密密吸纳行业的龙头优质股。在港股这条眼科黄金赛道上，最值得留意的是半新股朝聚眼科(2219)。公司刚于上周公布了亮丽的半年业绩，期内收益达5亿元(人民币，同下)，同比大升56.6%，毛利达到2.27亿元，同比大升近70%，毛利率持续扩大至45.5%，同比提高3.5个百分点。公司期内录得纯利7,870万元，同比大升105%。若扣除非经营性损益如上市开支、股份支付薪开支后，经调整纯利达9,861万元，经调整纯利率为19.7%，分别同比大升128.8%及6.2个百分点。估值便宜 回升动力足如此亮丽业绩，公司股价在业绩公布后不升反跌，一方面受累于市场气氛转弱导致错杀，二是不排除部份基金重新配置资金，对优质眼科龙头企业低价收集。与港股同业比较，上半年实现盈利1,371万港元的希玛眼科(3309)，按其昨天巿值近90亿元计，预测市盈率最少达到100倍以上。相反，朝聚眼科的预测市盈率仅为30倍至35倍之间，较前者大幅折让50%以上。随着市场理性回归，朝聚眼科这只优质标的肯定可以重拾动力，倍升可期。朝聚眼科是中国华北地区领先、全国知名的眼科医疗服务集团。根据弗若斯特沙利文报告，于民营眼科医院中，按2020年的收益总额计，集团在内蒙古排名第一、在中国华北地区排名第二及在中国排名第五。截至6月30日，合共经营17间眼科医院及23间视光中心，除提供基础眼科服务外，亦覆盖消费眼科服务，且相关收益正持续扩大，于上半年达到1.43亿元，同比增长86.1%，收入占比超过53%，首次高于基础眼科服务。基于消费眼科服务是未来的行业增长动力，朝聚眼科发力于此，值得期待。巨大蓝海在眼前 持续高增长可期根据国家卫健委以及Frost & Sullivan数据统计显示，中国眼科医疗服务市场于2020年达到1,467亿元，预计在2024年增长至2,231亿元，复合年增利率为11.1%。过去多年以来，消费眼科医疗服务市场规模增速明显较快，2015年至2019年复合增长率达到20.8%，高于基础眼科医疗服务11.8%的复合增长率。未来，这个趋势随着市民可支配收入及眼晴健康意识的提升将有望持续。目前，朝聚眼科的收益主要来自两部分：消费眼科服务以及基础眼科服务，其中消费眼科服务已成为了公司未来发展的重点领域，且与行业中消费眼科医疗服务增长速度更快不谋而合。消费眼科服务包括屈光矫正、近视防控以及提供视光产品及服务。而这些服务都不属于医美范畴，...

SeaPRwire

1 in 4 US managers have fired staff for Zoom-call blunders: Survey

elean
2 minutes

NEW YORK (BLOOMBERG) - Zoom-call blunders can be hazardous to your career. Nearly 1 in 4 executives have fired a staffer for slipping up during a video or audio conference, and most have levied some sort of disciplinary action for gaffes made in virtual meetings, a survey of 200 managers at large companies found. The survey, commissioned by Vyopta, which helps companies manage their workplace collaboration and communication systems, also found that executives don't fully trust a third of their staff to perform effectively when working remotely. The pessimistic findings illustrate how workers are still getting accustomed to working remotely, which has become commonplace during the Covid-19 pandemic. Daily participants in Zoom calls surged from 10 million a day at the end of 2019 to 300 million in April 2020, the conferencing company has said, and in recent weeks many companies have pushed back their plans to return to offices due to the delta variant's spread. Some Zoom miscues, like New Yorker magazine writer Jeffrey Toobin getting fired for inadvertently exposing himself, have been well-publicised. Virtual-meeting miscues include joining a call late, having a bad Internet connecti...

SeaPRwire

Malaysia’s Carsome eyes US IPO as it hits $1.75 billion valuation

elean
2 minutes

SINGAPORE (REUTERS) - South-east Asian used-car marketplace Carsome Group said it has raised US$170 million (S$228.6 million) in a funding round from investors including Taiwanese chipmaker MediaTek, cementing its position as Malaysia's largest tech unicorn, valued at US$1.3 billion (S$1.75 billion). The valuation comes as South-east Asian start-ups are attracting strong interest from regional and global funds, driven by robust growth rates, as investors take bets on post-pandemic plays. "The most important thing we are trying to tackle is the distrust that's associated with the used-car industry," said Carsome's co-founder and chief executive, Eric Cheng, adding that consumers were becoming more open to buying cars online during lockdowns imposed in countries over the past year. Six-year-old Carsome's competitors include Singapore's Carro and Indonesia's OLX Auto, part of OLX Group, which runs global trading platforms. Mr Cheng said Carsome, which also operates in Indonesia, Thailand and Singapore, has been ramping up its retail centres and expanding its offerings, which include a five-day refund policy and a one-year warranty. Carsome is looking to almost treble its revenue to ne...

SeaPRwire

Surging Covid-19 cases dampen US consumer confidence, house prices post record gains

elean
4 minutes

WASHINGTON (REUTERS) - US consumer confidence fell to a six-month low in August as worries about soaring Covid-19 infections and higher inflation dimmed the outlook for the economy. The survey from the Conference Board on Tuesday (Aug 31) showed consumers less inclined to buy a home and big-ticket items like motor vehicles and major household appliances over the next six months, supporting the view that consumer spending will cool in the third quarter after two straight quarters of robust growth. Still, more consumers planned to go on vacation, indicating a rotation in spending from goods to services was underway as economic activity continues to normalize following the upheaval caused by the coronavirus pandemic. Increased spending on services, which account for the bulk of economic activity, should keep a floor under consumer spending. "The report does raise the warning flag that if the pandemic worsens, and given the continued unwillingness of many to get vaccinated that is a real possibility, we could see people stashing away funds just in case," said Joel Naroff, chief economist at Naroff Economics. "We could see growth moderate faster than expected." The Conference Board's co...

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‘Forever changed’: CEOs are dooming business travel – maybe for good

elean
11 minutes

NEW YORK (BLOOMBERG) - Business travel as we've known it is a thing of the past. From Pfizer, Michelin and LG Electronics to HSBC Holdings, Hershey, Invesco and Deutsche Bank, businesses around the world are signaling that innovative new communications tools are making many pre-pandemic-era trips history. Take Akzo Nobel, Europe's biggest paint maker, for instance. At its Amsterdam headquarters, chief executive officer Thierry Vanlancker has spent the past year watching his manufacturing head, David Prinselaar, flap his arms, madly gesticulate and seemingly talk to himself while "visiting" 124 plants by directing staff with high-definition augmented-reality headgear on factory floors. A task that meant crisscrossing the globe in a plane before is now done in a fraction of the time - and with no jet lag. For MR Vanlancker, there's no going back. "Trips to drum up business could drop by a third, and internal meetings by even more," he said in an interview. "It's a good thing for our wallets and helps our sustainability targets. Our customers have had a year of training, so it's not a social no-no anymore to just reach out by video... There's an enormous efficiency element." A Bloombe...

SeaPRwire

China port closures to delay Christmas shipments, stall production in Singapore

elean
1 minute

SINGAPORE - If you celebrate Christmas, you may want to start gift shopping for the season now. With several terminal closures at China's key ports recently, the queue of container ships now waiting to unload cargo and clear customs could last for another three to four months. This means imported goods, from gaming consoles to running shoes, could arrive in Singapore by the time Christmas is over, said Mr Mick Aw, senior adviser at consulting firm Moore Stephens. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

ACN Newswire
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Bluehelix Bridge Solution (BBS) Rolls Out Decentralized Cross-chain Bridge Services

indie
4 minutes

Cayman Islands, Sep 1, 2021 - (ACN Newswire via SEAPRWire.com) - Bluehelix formally released Bluehelix Bridge Solution (BBS), a decentralized MPC-based cross-chain bridge solution that supports the decentralized cross-chain access of any public chain, any heterogeneous chain, any homogeneous chain, or any ecological native asset, days ago.As of August 31, independent cross-chain addresses exceeded 1,800, cross-chain deposits and withdrawals exceed 5,000, and cross-chain access has exceeded USD10 million. Bluehelix Bridge currently supports BTC, ETH, HECO, BSC, DOGE, Polygon and TRON, and will soon support Solana, Near, Cosmos and others.Bluehelix Bridge is a cross-chain bridge solution that allows encrypted assets to be transferred between blockchains. It has been released for multiple public chains and projects, and seeks to establish a zero-threshold circulation connection for public chain ecological assets as well as encourage the mutual chain of all things in the public chain ecosystem.Differing from the implementation of cross-chain by smart contracts on the market, Bluehelix Bridge addresses the problems of transparency and decentralization by adopting internationally recogni...

ACN Newswire
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Innovative Sports Betting and iGaming Geolocation Security Company to Launch Formally in USA at G2E 2021

indie
3 minutes

LAS VEGAS, NV, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - Xpoint, the leading geolocation and compliance technology company which specializes in the U.S. sports betting and iGaming markets, has announced that it will launch formally in the U.S. at G2E, 2021, taking place in Las Vegas from October 4-7. Xpoint has also announced that it is partnering with SCCG Management, the specialist sports betting, iGaming, casino and sports marketing consultancy, as Xpoint begins its rollout throughout the U.S. market."Xpoint will change the sports betting and iGaming compliance landscape in the U.S., and we are proud to formally unveil Xpoint for the first time at G2E, 2021, in partnership with SCCG Management," says Marvin Sanderson, Xpoint Tech's CEO and Co-Founder.Xpoint, founded in 2019, brings innovative, partner-focused solutions to the established geo-compliance marketplace, facilitating safe and compliant betting and gaming for its partners, as well as providing enhanced marketing benefits for its partners that can be used across multiple business functions."Xpoint will change the sports betting and iGaming compliance landscape in the U.S., and we are proud to formally unveil Xpo...

ACN Newswire
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DigiMax Funds SPC Has Been Confirmed by Cayman Islands Monetary Authority

indie
6 minutes

TORONTO, ON / ACCESSWIRE, Aug 31, 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 announce that it has received confirmation from the Cayman Islands Monetary Authority ("CIMA") to operate one or more segregated funds domiciled in the Cayman Islands under registration number 1900360 (the "Fund").As originally announced on April 19, 2021, the Fund will provide a fully systematic long/short active investment into a basket of cryptocurrencies capitalizing on crypto volatility and powered by proprietary trading algorithms. The Fund will, on a simultaneous basis with its subscribers, utilize the CryptoHawk prediction engine, to continuously spot relevant patterns, make decisions and generate accurate price trend change predictions. With this Fund, DigiMax aims to offer alternative investments to high net-worth individuals, institutions, and family offices in a bid to allow such investors to protect their investment portfolios from market volatility, while generating positive returns regardless of market sentiments ...