SeaPRwire

SembMarine rights issue: What you should know

elean
1 minute

SINGAPORE - Sembcorp Marine has announced a $1.5 billion renounceable rights issue. This is to strengthen its balance sheet after the company was badly bruised by a recession in the offshore and marine industry since 2015. Although it raised $2.1 billion in a rights issue last year, $1.5 billion of that was used to pay off a loan from Sembcorp Industries, its then parent. Another $300 million was used for working capital. 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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DCMC Announces to Launch a Crypto Wallet with Inheritance and Insurance

indie
3 minutes

Bangkok, Thailand, Aug 13, 2021 - (ACN Newswire via SEAPRWire.com) - Recently, DCMC has announced the launch its crypto wallet with inheritance and insurance. DCMC Wallet is creating the final form of 'wallet' which helps manage assets in a way that is 100% secure. And the team makes continuous updates on its features.To provide DCMC holders some of the biggest benefits of blockchain technology including DLT (distributed ledger technology) and P2P autonomous network in their everyday lives, they came up with the solution of developing the DCMC DEX that the society appreciates, sharing its profit with all the participants. To develop the DEX that DCMC holders appreciate To provide user support by all DCMC holders To establish the truly decentralized society with all DCMC holdersThese three are fundamental policies of DCMC. By combining these three, they keep developing the legitimate DEX that users genuinely appreciate.DCMC Wallet Functions1. Insured WalletDCMC Wallet is a DEX, insured wallet.When users are unable to access their wallet in a situation like forgetting or losing their password, the insurance will cover this situation. And all their assets will be returned to them.In m...

ACN Newswire

国美零售大股东高溢价增持 彰显长期发展信心

tallulah
1 minute

HONG KONG, Aug 13, 2021 - (亚太商讯 via SEAPRWire.com) - 国美零售控股有限公司（香港联合交易所代号：493.HK，「国美零售」或「公司」，及其子公司，统称「集团」）今日公布， 公司将于2021年9月6日（星期一）下午2时30分假座香港铜锣湾告士打道310号柏宁酒店26楼艺轩及艺轩I举行股东特别大会（「股东特别大会」），以通过独立股东批准公司于2021年4月7日与国美管理订立的租赁协议（「协议」）。根据协议，国美管理将向公司出租三处位于北京和长沙的物业──包括国美商都、湘江玖号及鹏润大厦（「该等物业」）。该等物业的各自租期自2021年7月1日起，并且于2040年12月31日结束，惟鹏润大厦的部份办公空间受限于现有租赁，租期将自2023年3月1日起开始。公司于整个租期应付的租金总额约为人民币17,865,157,700元（相等于港币21,284,515,041元）。租金总额乃经参考两名独立物业估值师使用市场法评估市场租金后厘定， 选择市场法作为估值方法的原因是（i）上述物业各自周边有很多相同类型物业的租赁先例，因此满足使用市场法的条件；（ii）独立物业估值师选择的可资比较物业均具备相似的用途性质，并且位于各项物业的临近之处（大部分位于各项物业五公里之内）。经考虑上述后，董事会认为租金基准属公平合理。总租金将由（i）公司按发行价向国美管理配发及发行代价股份以支付人民币17,575,581,950元（相等于港币20,939,515,041元），及（ii）透过向国美管理转让公司全资附属公司Hudson Assets的全部股权以支付人民币289,575,750元（相等于港币345,000,000元）予以结算。代价股份的发行价将为每股股份港币2.11元，较截至2021年4月1日最后交易日（即股份于订立协议前的最后交易日）止最后五个交易日在联交所所报之平均收市价每股股份港币1.45元溢价约45.52%，代价股份相当于公司现有已发行股本约41.64%，及经发行代价股份扩大后公司已发行股本约29.40%。 探索平台化集成创新模式、重点发展品牌连锁店、鼓励「一店多能」、构建线上与线下深度融合、虚拟与实体互相补充的商业综合服务体系，是宏观经济发展的未来趋势及国家政策的未来导向。打造商业集约式发展生态圈，融合商业属性和社会属性，是国家扩内需、促消费的重点方向。是次协议与国家发展战略与政策导向有着非常高的契合度。在此前提下，本协议将使集团引入创新型零售概念，以城市为单位，与知名品牌合力打造城市全品类体验展示厅，相互赋能，形成场景互联，实现共赢。这将加速集团「家‧生活」战略第二阶段的深化升级，于北京及长沙等重点城市打造地标式城市展厅，将有助集团进一步扩大全国线上线下双平台网络的生态圈。根据市场整体预测，国内商业、办公室等物业租金水平将持续上...

SeaPRwire

Bitcoin Latinum与世界知名的The h.wood集团合作进行区块链扩展

aseanpr
1 minute

Palo Alto, CA / SEAPRWire / August 13, 2021 / - Bitcoin Latinum 是下一代保险比特币分叉，具有海量交易量、数字资产管理、网络安全和容量，宣布与洛杉矶豪华酒店和生活方式公司 The h.wood Group 建立合作伙伴关系。 该合作涉及交叉推广营销、活动赞助、代言，以及在h.wood集团的高档夜生活和餐饮场所的多元化组合中接受Bitcoin Latinum的服务、产品和设施。除了比特币和以太坊代币外，客人还可以选择用Bitcoin Latinum无缝支付餐费、饮料、食物和商品。 The h.wood集团由成功的企业家John Terzian和Brian Toll创立，旗下包括独立经营的的餐厅、娱乐场所、酒店和俱乐部遍布全球。该品牌包括餐厅The NICE GUY、Delilah LA、Delilah Las Vegas at Wynn Resorts、Delilah Miami、SLAB、Mason、Petite Taqueria，以及娱乐场所包括Blind Dragon、Bootsy Bellows、Poppy、The Peppermint Club、SHOREbar、40 LOVE和FOUND Hotels。h.wood集团已经获得了多个奖项和国际认可。h.wood集团运营的场所也受到了名人和网红的欢迎。Bitcoin Latinum将区块链技术运用于h.wood运营，将带来了新的商业机会。 "作为企业家，布莱恩和我总是着眼于未来，而不是拘泥于旧的方式。我们一直在观察、学习和适应。从多个角度看，加密货币和区块链都是未来的趋势，我们希望h.wood集团能够走在时代前端。Terzian说："我们对与Bitcoin Latinum的合作感到兴奋。 加密货币支付已经在各行各业获得了更广泛认同。主要的信用卡发行商Visa和Mastercard都推出了用户购买和使用比特币和以太坊等加密货币进行交易的能力。根据Statista的数据，美国拥有比特币ATM机和店内支付选项的公司数量比世界上任何其他国家都多，大约有6000家企业。在德勤公司最近的一项调查中，56%的企业表示他们的组织将在未来12个月内进行至少50万美元的区块链投资。 Bitcoin Latinum是一种增强型比特币分叉。 Bitcoin Latinum算法和基础设施打破了加密货币交易和应用的障碍和速度限制。Bitcoin Latinum代币是区块链生态系统的一部分，被媒体、游戏、存储、云和电信领域的众多公司采用。 Bitcoin Latinum代币将由消费者在这些合作伙伴、供应商网络中的每一个节点上互换使用。此外，Bitcoin Latinum有望将比特币交易手续费从美元级别降低至美分级别。 亚洲首屈一指...

ACN Newswire
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Revuto Introduces Their Flagship Product – Revuto App, an Active Subscription Management Solution

indie
5 minutes

Zagreb, Croatia, Aug 13, 2021 - (ACN Newswire via SEAPRWire.com) - As subscriptions grow by 100% year on year, it is sure that subscriptions are here to stay and become an integral part of everyone's life. Over the past few years, the customer's preferences have changed. At Revuto they see their place in this growing economy to filter signals from noise with their Revuto app V2 that they will launch soon, and offer customers a clean and pleasant subscription management experience.Today customers are looking for some interesting ways to get engaged with the businesses. They start following a brand with a new set of expectations that involve customized services on top priority.As the subscription economy is ruling the business industry these days, many new trends are evolving around. At Revuto they believe that no one should ever again be charged for subscriptions they no longer want or use, and their primary goal is to make that happen.General about RevutoRevuto offers a clean, intuitive, and easily accessible single dashboard subscription management service with a mission to save customers time, energy, and money by completely redefining the subscription management experience.The p...

ACN Newswire
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GF Holdings (Hong Kong) Awarded “Structured Products (China Greater Bay Area)” and “Structured Products Provider of the Year (China Greater Bay Area)” by Bloomberg Businessweek

indie
4 minutes

HONG KONG, Aug 13, 2021 - (ACN Newswire via SEAPRWire.com) - Recently, Global Markets - GF Holdings (Hong Kong) Corporation Limited won two "Excellence Awards", namely "Structured Products (China Greater Bay Area ("CGBA")" and "Structured Products Provider of the Year (CGBA)", in "Financial Institution Awards 2021 (Securities Sector)" organized by Bloomberg Businessweek for its outstanding cross-border structured product capabilities and industry Influence. Bloomberg Businessweek has held the annual "Financial Institution Awards" for seven consecutive years, recognizing and awarding financial institutions with excellent market performances, growths, development and business strategy.Global Markets - GF Hong Kong, which has won the excellence awards, is committed to building a professional platform for cross-border financial products focusing on the Greater Bay Area. It has launched a series of ground-breaking diversified cross-border structured products, leading the product innovation in the market. With the strengthening of connectivity in the CGBA, the market witnessed surging demand of Hong Kong and Mainland residents and institutions to make cross-border investment, and was thu...

ACN Newswire
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Top tech leaders to discuss key opportunities & challenges in Asia’s SD-WAN & SASE ecosystem

indie
5 minutes

Singapore, Aug 13, 2021 - (ACN Newswire via SEAPRWire.com) - Multifunctionality businesses rely on a strong network infrastructure that can support heavy data usage. With the quality of internet connectivity and broadband speed improving drastically, enterprises are seeking to shift from legacy MPLS to SD-WAN and SASE services.The shift in trend to cloud-based solutions combined with certain demographical advantages that APAC's geographical positioning provides the potential for huge demand for SD-WAN and SASE services.The inaugural edition of SD-WAN and SASE Summit will digitally converge key players and experts to help Asian countries digitize at speed and scale, on 19 August 2021.The summit will feature eye-opening keynotes, government and enterprise use-case presentations, exciting product showcase, panel discussions and tech talk to discuss the latest challenges and explore the latest applications in SD-WAN and SASE powered solutions.The event will focus on topics such as: Outlining possible pathways for SD-WAN evolution; Understanding SASE: The Why, What and How; Key architectural requirements of SASE; Key architectural requirements of SD-WAN; How Machine Learning changes SD-...

SeaPRwire
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3D panoramic VR video company Kandao Tech completes a new round of funding of tens of millions of RMB

pandora
3 minutes

New York, NY / TickerInsider / August 13, 2021 / Recently, Kandao Tech has announced a new round of funding of tens of millions of RMB, with the investors in this round being Chuangdong and Shenzhen SME. Kandao Tech has launched professional-grade panoramic camera Obsidian series, 5G+8K VR live broadcast system, consumer-grade panoramic camera QooCam series and other products in the field of VR panoramic ultra-high definition video, and released a number of “world first” VR video products. The Kandao Obsidian Pro, a 12K 3D video camera released in April this year, supports 12K X 12K 3D panoramic video, which is the highest specification and most powerful VR camera in the industry. Kandao Tech has also launched two video conferencing products, Kandao Meeting and Kandao Meeting Pro, which combine 360° panoramic video, AI intelligent algorithm and video conferencing operating system to provide a more friendly, intelligent and efficient experience for various video conferencing scenarios. With global epidemic prevention and control becoming the norm, Kandao Tech has recently announced the launch of the “Kandao Tech Meeting Pro – One Million Reservation Experience” campaign, in which a ...

SeaPRwire
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Bitcoin Latinum Partners with World Famous The h.wood Group for Blockchain Expansion

pandora
5 minutes

Palo Alto, CA / SEAPRWire / August 13, 2021 / – Bitcoin Latinum, the next-generation insured Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing a partnership with Los Angeles based luxury hospitality and lifestyle company, The h.wood Group. The party at the bar in the style of the early 20th century. Retro party invitation card. Handmade drawing vector illustration. Art Deco style. The partnership involves cross-promotional marketing initiatives, event sponsorships, endorsements, and the acceptance of Bitcoin Latinum for services, products, and amenities across The h.wood Group’s diversified portfolio of upscale nightlife and restaurant venues. Guests will have the option to seamlessly pay for tables, drinks, food, and merchandise with Bitcoin Latinum, in addition to Bitcoin and Ethereum tokens. Founded by successful entrepreneurs John Terzian and Brian Toll, the independently owned and operated The h.wood Group’s restaurant, nightlife, and events divisions manage restaurants, nightlife and hotel venues across the world. The brand includes restaurant concepts The NICE GUY, Delilah LA, Delilah Las Vegas at Wynn Re...

JCN Newswire
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TOYOTA GAZOO Racing AIMS FOR LE MANS HYPERCAR HISTORY

ruth
7 minutes

Toyota City, Japan, Aug 13, 2021 - (JCN Newswire via SEAPRWire.com) - TOYOTA GAZOO Racing aims to defend its crown and make Hypercar history in the 89th running of the Le Mans 24 Hours next week.GR010 HYBRID #7 #8 challenging for 24 HOURS OF LE MANSFollowing a hat-trick of Le Mans victories with its TS050 HYBRID, this year the team competes with the new GR010 HYBRID Hypercar for the first time at the Circuit de la Sarthe and is determined to extend its winning run.Reigning World Champions Mike Conway, Kamui Kobayashi and Jose Maria Lopez, in the #7 GR010 HYBRID, have endured heartbreak at Le Mans in recent years, particularly when mechanical issues denied them victory despite domination in 2019 and 2020. They go into the biggest race of the year following wins in the 6 Hours of Monza last month.Sebastien Buemi and Kazuki Nakajima, however, have enjoyed a remarkable run, winning at La Sarthe for three consecutive years, including last year's triumph alongside Brendon Hartley. The #8 GR010 HYBRID trio lead the drivers' standings following wins in the 6 Hours of Spa-Francorchamps and 8 Hours of Portimao.With double FIA World Endurance Championship (WEC) points on offer, Le Mans is sig...

SeaPRwire

Not possible to ‘bubble wrap’ S’poreans from foreign competition, especially with rise of remote work: DPM Heng

aseanpr
4 minutes

SINGAPORE - In the coming years, millions of university graduates in Asia alone will be added to the global talent pool, alongside the accelerating pace of technological change and disruption. Against this backdrop, "the reality is that it is not possible to 'bubble wrap' (Singapore's) workers from foreign competition and still expect to succeed", said Deputy Prime Minister Heng Swee Keat on Friday (Aug 13). Compounding the matter is the normalisation of remote work due to the Covid-19 pandemic, and the recognition that "working from home" is just one step away from "working from anywhere". "Employers can easily seek out the best skilled workers from all parts of the world… This means foreigners do not have to be in Singapore to compete with us," said Mr Heng. "It would be increasingly difficult, if not impractical, to confine opportunities by geography." Mr Heng made these points in a pre-recorded speech at a forum on shaping the future of Singapore, the last in a series organised to celebrate the National University of Singapore's 115 years of founding. Mr Heng then took to the stage in-person for a virtual dialogue with NUS staff, students and alumni. He was asked by moderator S...

SeaPRwire

Unvaccinated school staff among those who must undergo regular Covid-19 tests from Oct 1

aseanpr
4 minutes

SINGAPORE - Teachers and school staff who have not been vaccinated against Covid-19 will undergo twice-weekly antigen rapid tests (ARTs) from Oct 1, as part of the new vaccinate or regular test regime. This will also apply to non-government employees who have regular contact with students aged 12 and below, including those working in tuition and enrichment centres, Education Minister Chan Chun Sing said in a Facebook post on Friday (Aug 13). At the same time, cleaners in tuition and enrichment centres that cater to students aged 12 and below will also be required to undergo regular testing under the Fast and Easy Testing (FET) regime from Sept 3. Staff in schools working in higher-risk settings, such as cleaners and physical education (PE) teachers who conduct mask-off activities as part of PE lessons, are required to undergo testing every two weeks as part of the FET regime, even if they are vaccinated against Covid-19. These are among measures taken by the Ministry of Education (MOE) to adopt a more sustainable approach towards school cases as Singapore moves towards living with an endemic Covid-19. Earlier this month, the Ministry of Health said that the “vaccinate or regular te...

SeaPRwire
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Virtual open house for Thomson-East Coast Line Stage 2 from Aug 23 to 27

aseanpr
2 minutes

SINGAPORE - Members of the public can check out six new stations on the Thomson-East Coast Line (TEL) virtually from Aug 23 to 27, ahead of their opening on Aug 28. The Land Transport Authority (LTA) said on Friday (Aug 13) that the online open house is linked to the Covid-19 situation. The new stretch, named TEL2, connects Springleaf, Lentor, Mayflower, Bright Hill, Upper Thomson and Caldecott stations. Three other stations - Woodlands North, Woodlands and Woodlands South - opened in January last year TEL2 will have two interchanges - Caldecott, with the Circle Line; and Bright Hill, with the future Cross Island Line. LTA said one virtual activity is a preview of the new stations to learn about their architecture and features, role as civil defence shelters and the sights around them. The public can also hear stories from engineers about the challenges faced during the construction of TEL2. In addition, there will be online workshops on how to build a TEL train set and Facebook live sessions to engage the public. LTA said further details of the activities are available via this website. TEL2 was initially set to roll out in the second half of last year. But this was delayed due to...

SeaPRwire

Safra Tampines disinfected, remains open after new Covid-19 cluster found

aseanpr
2 minutes

SINGAPORE - Safra Tampines will remain open even though it has formed a new cluster with a total of nine Covid-19 cases as at Thursday (Aug 12). In a statement to The Straits Times, Safra said that six individuals who had tested positive for the coronavirus were last at Safra Tampines from Aug 6 to 10. All identified close contacts of these cases have been quarantined, it added. Areas visited by the affected individuals were also disinfected according to the National Environment Agency's guidelines. The club said that safe management measures will continue to be in place at all Safra premises. These include limiting group sizes to five people. Unvaccinated individuals are advised to keep to groups of no more than two people. Fully vaccinated individuals can dine-in at all food and beverage establishments in groups of up to five. They can also participate without a mask in some indoor activities, such as badminton and squash. These are part of Safra's differentiated measures for the vaccinated, according to the club's website. MOH also announced a new cluster on Thursday at My First Skool at 54 Chin Swee Road. There are now 119 active clusters islandwide, ranging between three and 1...

SeaPRwire

4 new SkillsFuture work-study programmes to be launched by Jan 2022

aseanpr
3 minutes

SINGAPORE - Four new SkillsFuture work-study programmes, offering a total of about 300 places over the next three years, are in the pipeline to meet manpower needs in emerging and growth sectors. Three of these new programmes will be rolled out in October. The work-study schemes, which allow adults to pursue higher qualifications while working, will also rope in more than 32,000 firms - mostly local small and medium-size enterprises - in tie-ups with higher learning institutes and business associations. Second Minister for Education Maliki Osman said at a virtual SkillsFuture Work-Study Fair on Friday (Aug 13) that two memoranda of understanding have been signed between the higher learning institutes and the Singapore Business Federation and Singapore Manufacturing Federation respectively. The expansion of the work-study programmes builds on their success, said Dr Maliki. For instance, 96 per cent of those trained were employed six months after completion of their work-study programmes according to a survey last year. Since the launch of the programmes in 2015, more than 7,000 trainees and more than 1,600 companies have benefited from them. "One example of a company that has benefi...

ACN Newswire
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中基长寿科学集团积极并购及合营长寿医学业务

tallulah
1 minute

HONG KONG, Aug 13, 2021 - (亚太商讯 via SEAPRWire.com) - 中基长寿科学集团有限公司（「中基长寿科学」，连同其附属公司统称「集团」；股份代号：0767.HK）欣然宣布，集团以1.84亿港元的初步代价，收购一个目标集团100%的股权，而这家目标集团的核心资产是持有55%控股权的杭州临安城南医院有限公司（「杭州城南医院」）。杭州城南医院是一家以二级标准建立的综合性医院，以远端医疗、高端体检、重症康复、综合医疗为特色。杭州城南医院特设远程会诊中心、重症康复科、神经康复科、骨关节康复科、老年康复科、疼痛康复科及六大康复病区及脑促醒中心等，在职员工122人，开放床位120张，未来三年保证税后净利润不低于7,000万人民币。并购后的杭州城南医院，在做好原有业务的同时，成立浙江中基长寿医学检测中心和浙江中基长寿云中心，重点发展世界领先的长寿医学检测项目、防癌早筛项目和互联网国际医疗项目。浙江中基长寿医学检测中心复制卫斯曼院士国际先进医疗检测中心和亚洲国际先进医疗检测中心的平台、产品和服务项目，提供世界领先的长寿医学检测和防癌早筛服务。卫斯曼院士国际先进医疗检测中心有十个技术平台，防癌检测体系在全球处于最顶尖水平，其防癌早期筛查可提前三至六年预测。 2021年5月11日，集团两项癌症早筛发明专利获香港智慧财产权署专利注册处审批注册，该专利相关技术显著提升了癌症早筛的有效性和准确性，增强了集团在世界癌症早筛领域的领先地位。亚洲国际先进医疗检测中心目前有九个技术平台，和全球科学服务领导者赛默飞世尔科技合作，共同建立「大中华区战略合作中心」，开展世界领先的长寿医学检测项目。 2021年6月11日，中基长寿科学和全球体外诊断领先者奥森多医疗联合成立「全球战略合作中心」，开展世界领先的长寿医学检测服务。未来三年，中基长寿科学将以并购、合作方式在全国18个一、二线城市建立长寿医学检测中心，为100万人提供世界领先的防癌早筛、长寿医学检测和长寿管理服务。浙江中基长寿云会逐步完善「互联网+医疗健康」长寿系统平台，提供最好的长寿管理方案、互联网国际医疗和长寿药品、长寿生物制品等。是次收购有助完善中基长寿科学在长寿科学领域的全球布局，同时提高国内长寿医学检测和防癌早筛行业的竞争力。凭借领先的技术，中基长寿科学致力为更多客户提供优质服务，务求让更多人获得健康长寿，集团发展前景广阔。关于中基长寿科学集团有限公司中基长寿科学集团有限公司（0767.HK）主要从事长寿科学、借贷、证券及其他投资、金融及投资咨询，以及物业投资业务。集团是世界领先的长寿科学生态系统平台，致力于人类健康长寿事业。通过五大分部营运，长寿科学研究分部包括NK、CBNK、CAR-NK技术平台、CAR-T技术平台、MSC技术平台、长寿生物制品技术平台等进行研发；长寿医学检测分部提供人体健...

ACN Newswire
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Yanlord Posts Revenue up 44.7% to RMB13.189 Billion for 1H 2021

indie
11 minutes

Singapore & Hong Kong, Aug 13, 2021 - (ACN Newswire via SEAPRWire.com) - Yanlord Land Group Limited (Z25.SI) ("Yanlord" or the "Company" and together with its subsidiaries, the "Group"), a Singapore Exchange-listed real estate developer focusing on developing high-end integrated commercial and residential property projects in strategically selected high-growth cities in the People's Republic of China ("PRC") and Singapore, today announced its unaudited first half year condensed interim financial statements for the six months ended 30 June 2021 ("1H 2021").The Group's revenue increased by 44.7% to RMB13.189 billion in 1H 2021 compared to the first half of financial year ended 31 December 2020 ("1H 2020"), of which, RMB11.359 billion was contributed from property development, RMB692 million from property investment and hotel operations, RMB420 million from property management and the remaining RMB718 million from other segment, representing an increase of 46.0%, 40.9%, 13.7% and 50.4% compared to 1H 2020, respectively. The increase in revenue for 1H 2021 was primarily attributable to the increase in gross floor area ("GFA") delivered to customers, which partly offset by the decre...

ACN Newswire
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TOT BIOPHARM 2021 Interim Revenue Surges 78% to RMB23.13 million

indie
9 minutes

HONG KONG, Aug 13, 2021 - (ACN Newswire via SEAPRWire.com) - TOT BIOPHARM International Company Limited ("TOT BIOPHARM" or the "Group"; stock code: 1875.HK), a biopharmaceutical company dedicated to developing and commercializing innovative oncology drugs and therapies, announced today its unaudited interim results for the six months ended 30 June 2021.KEY MILESTONES IN 2021 1HIn the first half of 2021, on the back of by national policies and driven by innovative R&D, the oncology drug market in China boomed and continued to gather growth momentum. The Group continued to implement its strategic plans drawing on its own strengths and competitive advantages, striving to become a leading player in the domestic ADC market. The Group speeded up R&D of ADC drugs and industrial planning and grasped market opportunities, enabling it to achieve breakthroughs in the realm of innovative drug CDMO/CMO.Approval for Two Products Launching in the Market:-- TOZ309 (temozolomide capsules) was approved for launch in China by the NMPA in May 2021. It is a first-line medication for newly diagnosed and recurrent glioma as well as recurrent anaplastic astrocytoma. TOZ309 is the first self-develo...

SeaPRwire

CapitaLand first-half profit swells to $922.2m from $96.6m on portfolio gains, market recovery

elean
3 minutes

SINGAPORE (THE BUSINESS TIMES) - CapitaLand reported net profit of $922.2 million for the first half ended June 30 - nearly 10 times the profit of $96.6 million for the same period last year. In a bourse filing on Friday morning (Aug 13), the property giant attributed this to the nascent economic recovery of its two core markets: Singapore and China. Operating profit from business operations increased 66 per cent to $433.6 million, from $261.2 million previously. The rest of the boost to profit was credited to portfolio gains of $489 million, which the group said included gains from divestments and realised revaluation gains. Earnings per share rose to 17.7 cents for the half year, up from 1.9 cents in the year-ago period. Revenue for the for the first half year rose 34.7 per cent year on year to $2.73 billion, driven mainly by CapitaLand's development projects as more units were handed over in China and higher progressive revenue recognition from One Pearl Bank in Singapore. Singapore and China together accounted for 77 per cent of total revenue for the half-year period. As the Covid-19 situation in these two countries gradually stabilised, lower rental rebates were also granted t...

SeaPRwire

Adidas sells Reebok to Authentic Brands for $3.4 billion

elean
3 minutes

NEW YORK (NYTIMES) - Sixteen years after acquiring Reebok for US$4 billion (S$5.4 billlion), German sportswear giant Adidas is selling it for a little more than half that to Authentic Brands Group, a voracious acquirer of struggling brands. In the past few years, Authentic has acquired Brooks Brothers and Forever 21, adding to a stable that includes Sports Illustrated. The acquisition of Reebok for 2.1 billion euros, or US$2.5 billion (S$3.4 billion), comes as Authentic is preparing to go public. "We've had our sights set on Reebok for many years," Authentic chief executive officer Jamie Salter said in a statement. "Reebok not only holds a special place in the minds and hearts of consumers around the world, but the brand also has expansive global distribution." Reebok operates in 80 countries, with roughly 70 per cent of its business outside the United States and Canada. Its world headquarters will remain in Boston. When Adidas acquired Reebok in 2005, it hoped Reebok could recapture the glory of its 1980s heyday and create a formidable rival to Nike. But the brand got lost inside the broader Adidas empire and struggled to connect with consumers. Reebok sales fell 19 per cent in 20...