SeaPRwire

6 years and 10 months’ jail for man who took part in staged heist involving $418,000

aseanpr
3 minutes

SINGAPORE - A man who took part in a staged robbery involving $418,000 in cash was sentenced on Friday (March 26) to six years and 10 months' jail. Joshua John Foo Kuo-Li had faced a slew of charges before pleading guilty in a district court earlier this month to one count of cheating linked to the staged heist and two unrelated assault charges. The 25-year-old Singaporean also admitted to a criminal intimidation charge and seven drug-related offences. The court heard that Foo had worked with 28-year-old Ernest Leong Zhang Sheng to stage the heist in 2019. Leong was then engaged as a courier for Royston Lim Swee Sheng, a 39-year-old who was involved in the illicit money-changing trade. In proceedings which took place earlier, Deputy Public Prosecutor Sunil Nair said that on Feb 19 that year, Leong travelled to South Korea with two other couriers - Ng Yu Jie, 22, and Hong Jing Hui, 28 - to physically transport $418,000 to Singapore. While in the country, a man handed Ng the money. He then split the sum among the three couriers for ease of transportation to Singapore. Leong, who wanted to keep the money for himself, called Foo three days later and told him of the plan to cheat Lim by...

SeaPRwire

LTA awards $604m contract for Hougang interchange station on Cross Island Line

aseanpr
2 minutes

SINGAPORE - Hougang interchange station on the Cross Island Line and its tunnels will be built at a cost of $604 million by Samsung C&T Corporation. The Land Transport Authority (LTA) awarded the civil contract to the South Korean firm on Friday (March 26). Works should start in the fourth quarter of the year, the authority said. Hougang interchange station is under phase one of the Cross Island Line, which is set to begin operations in 2030. This stretch of the line runs from Aviation Park to Bright Hill, and all tenders have been called and are being progressively awarded. Samsung C&T Corporation's contract covers the design and construction of the station and tunnels, as well as alteration works to the existing Hougang station along the North East Line, which it also built. The company is now also building Caldecott and Marine Parade stations on the Thomson-East Coast Line and Xilin station on the Downtown Line. Its track record includes building Kovan station on the North East Line, as well as Expo and Upper Changi stations on the Downtown Line. The Cross Island Line is Singapore's eighth MRT line, and will link major hubs such as Jurong Lake District, Punggol Digital District ...

JCN Newswire
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Fujitsu Group’s Largest Facility to Source 100% of its Energy Needs from Renewables, Demonstrating Commitment to Achievement of RE 100

ruth
2 minutes

TOKYO, Mar 26, 2021 - (JCN Newswire via SEAPRWire.com) - In 2018, the Fujitsu Group joined the international initiative "RE 100"(1) and aims to increase its use of renewable energy in the electricity used in its domestic and international properties to 40% or more by 2030 and 100% by 2050. To date, Fujitsu's introduction of renewable energy has been focused primarily in Europe and the United States, where supply is abundant. However, expanding the introduction of renewable energy in Japan remains an important issue.As a flagship model for these efforts in Japan, Fujitsu?s Kawasaki Main Office, the Fujitsu Group's largest facility, will be fully powered by renewable energy from April 1, 2021, with a view to introducing this system on a full scale at its locations throughout Japan. This latest effort accounts for approximately 5% of the Fujitsu Group's electricity consumption in Japan.Through this and other activities, Fujitsu will continuously contribute to the decarbonization of its operations, as well as its customers and society, adapting proactively to the unprecedented threat posed by climate change, as set forth in its medium- and long-term environmental vision.(1) RE 100 (Ren...

ACN Newswire
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绿地香港2020年核心业绩持续向好，「两翼一体」战略引领高质量发展

tallulah
1 minute

HONG KONG, Mar 26, 2021 - (亚太商讯 via SEAPRWire.com) - 2021年3月26日上午，绿地香港控股有限公司（股份代号：337.HK）在上海举行2020全年业绩在线发布会，绿地集团执行总裁、绿地香港董事局主席兼行政总裁陈军，副总裁陈增立及董事会秘书雷雨共同出席。业绩摘要(截至2020年12月31日止)-- 营业收入人民币337.3亿-- 资产总额人民币1,649.9亿-- 净利润达人民币34.59亿元-- 归属本公司拥有人净利润达人民币26.08亿元-- 毛利润人民币82.49亿，毛利率达24.5%-- 每股盈利达人民币0.94元-- 合约销售达人民币545.35亿元，同比增加13%-- 董事会建议2020年度派发末期股息每股普通股0.3港元-- 截至年度业绩公告日期，于20个城市收购54幅，新增建筑面积约1,215万平方米，新增货值约人民币1,496亿元陈军总在业绩发布会上表示：2020年，是极不平凡的一年，面对疫情、汛情和国内外复杂多变的内外部形势，绿地香港众志成城、艰苦奋战，精准施策、主动作为，在相对困难的环境中，取得较为亮眼的经营成果，核心业绩持续向好，质量效益进一步提升。核心业绩持续向好，财务稳健结构优化全年房地产合约销售545.35亿元，同比增长13%；营业收入337.3亿，总资产1,649.9亿元，利润总额34.59亿元，毛利润82.49亿元，毛利率24.5%，每股收益0.94元，因此，董事会建议2020年度期末每股派息0.3港元。自2016年以来公司的分红派息逐年提升，2016年每股分红0.1港元、2017年每股分红0.15港元、2018年每股分红0.2港元、2019年每股分红0.25港元，今年每股0.3港元的派息，按照昨天2.54元的收盘价，股息收益率高达12%。绿地香港持续为股东、投资者创造超额回报，也突显了绿地香港优秀的经营质量和强大的盈利能力。在持续保持高水平盈利的同时，财务结构持续优化，公司净有息负债率49%，现有有息债务余额246.89亿，加权平均融资成本下降至5.5%，持续保持行业较低水平。同时，公司持续加强现金流管控，在确保项目高去化率的同时，着力销售回款，全年合计销售回款率超90%。截止目前，公司账面现金存量138.53亿，现金短债比1.3倍，完全覆盖短期有息负债，展现了公司强大的经营能力和抗风险能力，同时也为企业进一步的发展提供强劲保障。多元增储不断升级，「两翼一体」深化布局截止业绩公告日，绿地香港通过「集团注资、战略勾地、合作幷购及公开市场」等多种方式，新增项目54个，新增土储1,215万方，新增货值近1,500亿元，进一步夯实了公司持续发展动能。尤其是通过大股东绿地集团注资的方式，绿地香港一次性获取粤港澳大湾区项目35个，增加建面833万方。这些项目均集中在人口导入量大、产业...

JCN Newswire
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Eisai: Discovery Research on AMPA-type Glutamate Receptor Antagonist Perampanel Honored With PSJ Award for Drug Research and Development 2021

ruth
5 minutes

TOKYO, Mar 26, 2021 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. has announced that drug discovery research conducted on perampanel (brand name: FYCOMPA, "perampanel"), the AMPA-type glutamate receptor antagonist discovered by Eisai, has been honored with The Pharmaceutical Society of Japan (PSJ) Award for Drug Research and Development 2021 by the PSJ.The PSJ Award for Drug Research and Development is one of a series of awards presented by the PSJ and is dedicated to researchers who have conducted outstanding research work that has contributed to medicine through the innovative development of a pharmaceutical drug or applicable technology related to the pharmaceutical sciences. Award recipients are evaluated by the PSJ based on the ingenuity of the research itself as well as the effectiveness and safety of the related pharmaceutical product(s) or the innovativeness of the related medical treatment or treatment technology. The PSJ Award for Drug Research and Development was introduced by the PSJ in 1988, with Eisai previously receiving the award for drug discovery research in 1998 on donepezil hydrochloride, an Alzheimer's disease treatment, in 2013 on eribulin mesylate, an ...

JCN Newswire
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Mitsubishi Power Announces Its 2020 “Best Partner Awards”

ruth
1 minute

YOKOHAMA, Japan, Mar 26, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has presented certificates of appreciation to three companies that, among its many suppliers, made especially noteworthy contributions to its business operations during 2020.The three companies receiving the 2020 "Mitsubishi Power Best Partner Awards" are as follows:UMETOKU CO., LTD. (Osaka, Japan)Support to meet increased demand for special steel used in gas and steam turbines, and improvements in cost and material yield for nuts and bolts for steam turbines.SHIROMIZU IRON WORKS CO., LTD. (Kitakyushu, Japan)Maintained high quality level for tank manufacturing, and managed design and production processes to meet delivery schedule.Jiangsu Changbao Steel Tube Co., Ltd. (Changzhou, China)Exceptional efforts to maintain quality and meet delivery schedule, including tight deadlines, for tubes for heat exchangers in turbine, boilers and other equipment.Going forward, Mitsubishi Power will continue to work closely with all business suppliers to promote continual improvements in quality, delivery and cost in the areas of energy solutions for power in...

SeaPRwire

Greensill Capital files for Chapter 11 bankruptcy in New York

elean
2 minutes

NEW YORK (BLOOMBERG) - Greensill Capital filed for Chapter 11 bankruptcy protection for its US unit in New York, as another part of Lex Greensill's trade finance empire seeks safety from its creditors. The firm filed for administration in the UK earlier in March, capping a stunning collapse for the specialty finance firm after key backers walked away over concerns about the valuation of its assets. Greensill's Australian holding company also entered bankruptcy protection earlier this month, while Greensill Bank in Germany had its operations frozen in early March by German financial watchdog BaFin over potential balance sheet manipulation. Greensill Capital listed assets of as much as US$50 million (S$67.4 million) and liabilities of up to US$100 million in its US petition on Thursday. A spokesman for Greensill declined to comment further. The scandal has entangled a host of the world's biggest financial firms, from its largest investor SoftBank Group, to key partner Credit Suisse Group. The company's inner workings have been in the spotlight after it collapsed this month, raising questions about how it went from startup to tech unicorn with an estimated US$7 billion valuation. The ...

SeaPRwire

Deliveroo strikes to precede London share listing

elean
4 minutes

LONDON (AFP) - The meal delivery platform Deliveroo is bracing for strikes and other social actions by disgruntled riders as it gears up for a major London stock listing. Tipped as possibly the biggest stock market flotation in London for a decade, the group has come under fire for employment conditions that have already scared off a couple of large institutional investors. In Britain, where Deliveroo is based, a group of riders who are not affiliated with a trade union planned to stage a strike on Sunday. Others who have joined the IWGB union of independent workers say they will stage an action on April 7, the day that Deliveroo shares are to be made available to small shareholders. Large investors are to have a head start on buying the company's stock a week earlier. The eight-year-old delivery platform hopes for a market capitalisation of between £7.6 billion and £8.8 billion (S$14 billion - S$16.3 billion). Deliveroo's 100,000 riders deliver meals for 115,000 restaurants in 800 cities across the world. In France, two trade unions, the ITF and CGT, have called for Deliveroo riders to mobilise on Friday, with strike calls in Bordeaux, Lyon and Toulouse. The international network ...

SeaPRwire

New York Times turns a column into an NFT and sells it for US$560,000

elean
2 minutes

NEW YORK (BLOOMBERG) - The New York Times sold an article tied to an NFT, or nonfungible token, for about US$560,000 (S$755,000), another sign of the red-hot market for digital collectibles. "Buy This Column on the Blockchain!" from Times journalist Kevin Roose was turned into an NFT and auctioned off on the open market, with the proceeds going to the newspaper's Neediest Cases Fund, which supports charitable causes. The actual subject of the column published on Wednesday (March 24) was NFTs, which carry certificates of authenticity proving that online works of art are unique. NFTs are tied to digital ledgers such as blockchains and are difficult to fake. On Thursday, Mr Roose tweeted that it had sold. There's been a boom in sales of NFTs. In March, a work by the digital artist Beeple sold for US$69 million at Christie's to Singapore-based entrepreneur Vignesh Sundaresan. "Why can't a journalist join the NFT party, too?" Mr Roose wrote in this column. Times shares briefly rose on Roose's tweet, a sign that some investors may have momentarily thought the publisher had discovered a lucrative new business. More on this topic Related Story 'I don't have a car or house': S'pore-based te...

SeaPRwire

Oil prices drop 4% as new lockdowns undermine hopes for economic recovery

elean
2 minutes

NEW YORK (REUTERS) - Oil prices fell 4 per cent per barrel on Thursday (March 25), extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate. Prices lost much of the gains from the previous session that followed news of a large container ship running aground in the Suez Canal. The ship has still not been freed, but for now the market was shrugging off the blockage, as only a small percentage of the world's crude is shipped through the canal. Brent crude fell US$2.46, or 3.8 per cent, to settle at US$61.95 a barrel. U.S. West Texas Intermediate (WTI) crude fell US$2.62, or 4.3 per cent, to settle at US$58.56 a barrel. Countries in Europe are renewing restrictions to curb Covid-19 cases, which will reduce demand from the region. Germany, the largest European economy, saw its biggest increase in coronavirus cases since January. "Germany, Italy and other areas in the eurozone are going backwards and the demand destruction is basically overwhelming," said Bob Yawger, trader at Mizuho in New York. In parts of western India, authorities ordered people indoors as new coronavirus infections hit their highest level in five m...

SeaPRwire

Suez Canal container ship incident a reminder of global trade’s vulnerabilities

elean
1 minute

SINGAPORE - Just when global sea shipments seem to be starting to flow again, an event at the key Suez Canal literally and figuratively threatens to put a choke-hold on global trade flows. Fortunately, work is under way to free the 220,000-tonne Ever Given container ship, which became stuck on both sides of the canal after heavy winds forced it to drift sideways, effectively blocking the 205m-wide waterway. 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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Huijing Holdings 2020 Contracted Sales Increase 75.5% Y-O-Y

indie
4 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - Huijing Holdings Company Limited ("Huijing Holdings" or the "Group"; Stock code: 9968), an integrated residential and commercial property developer in the PRC, with foothold in the Guangdong-Hong Kong-Macau Bay Area ("Greater Bay Area"), has announced its annual results for the year ended December 31, 2020 ("FY2020" or "the Year"),Contracted sales another record high and maintained steady growth in resultsFor the year ended December 31, 2020, the Group was able to realize quality growth in its results amid adversities by capitalizing on its strategic business presence in the Greater Bay Area, and its quality properties and professional services. Contracted sales amounted to approximately RMB7.71 billion, a year-on-year increase of 75.5%. Net profit grew by 19.4% year-on-year with net profit margin at 14.4%. Basic earnings per share were RMB0.10. The Board of Directors has proposed to distribute an annual dividend of HK4.95 cents per share.Strong foothold in Greater Bay Area and property sales continue to developThe Group continued to actively expand business by focusing on delivering the mission of "Maintain foothold in G...

ACN Newswire
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CIMC Vehicles announces 2020 Annual Results

indie
8 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - The world's leading high-end manufacturer of semi-trailers and specialty vehicles, CIMC Vehicles (Group) Co., Ltd. ("CIMC Vehicles") or the "Group", stock code: 1839.HK) is delighted to announce its annual results for the year ended 31 December 2020. ("Reporting Period") During the Reporting Period, the Group recorded a strong performance in each business segment driven by strong growth in the Chinese market. Annual revenue hit a record high, recording 13.0% growth from 2019 to RMB26,246 million; gross profit margins fell by 1.2pp to 11.7% from 2019 due to the impact of the Covid-19 pandemic; total assets and net assets rose to RMB19,825.2 million and RMB10,448.7 million respectively; net cash flow generated from operating activities significantly increased to RMB2,746.9 million; and return on equity (ROE) reached 12.3%.The semi-trailer business in China recorded strong revenue growth of 45.8% and an increase of 1.9pp in gross profit marginDuring the Reporting Period, the Chinese government promulgated a new development pattern that treats domestic circulation as the mainstay while allowing the dual circulation of domesti...

ACN Newswire
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DaFa Properties Announces 2020 Annual Results

indie
7 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - The board (the "Board") of directors (the "Directors") of DaFa Properties Group Limited ("DaFa Properties" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 6111.HK) is pleased to announce the audited annual consolidated results for the Group for the year ended 31 December 2020 (the "Reporting Year").DaFa Properties 2020 Annual Results Highlights(For the year ended 31 December 2020)-- Contracted sales were approximately RMB30,320 million, representing a significant year-on-year increase of approximately 44.3%;-- The contracted GFA was 2,045,067 sq.m, representing a year-on-year increase of approximately 31.8%;-- Revenue was approximately RMB9,188 million, representing a year-on-year increase of approximately 24.2%;-- Profit for the year was approximately RMB715 million, representing a year-on-year increase of approximately19.1%;-- Total assets were approximately RMB35,070 million, representing a year-on-year increase of approximately 26.6%;-- Net gearing ratio was approximately 61.2%;-- Total cash to short-term debt ratio was approximately 1.4 times;-- Liabilities to assets ratio (excluding receip...

ACN Newswire
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光大永年公布2020年全年业绩

tallulah
1 minute

HONG KONG, Mar 25, 2021 - (亚太商讯 via SEAPRWire.com) - 光大永年有限公司，为中国光大集团旗下物业租赁、物业管理及销售持作出售物业公司（「光大永年」或「集团」，香港联交所股份代号：03699）今天公布截至2020年12月31日止年度（「回顾年度」）之全年业绩。于回顾年度，集团收入约为人民币51.7百万元，较去年减少约人民币19.6百万元，主要由于并无来自出售住宅物业的非经常性收入。公司权益股东应占溢利约为人民币34.0百万元，较去年减少约8.8%。溢利减少主要乃由于投资物业估值收益减少，为筹备收购英国物业的相关成本引致行政开支增加，及其他收入净额增加的净影响。截至2020年12月31日止年度每股基本盈利约为人民币0.08元。董事会建议就截至2020年12月31日止年度派付末期股息每股普通股人民币1.92分（相当于2.29港仙）。物业租赁集团的租赁物业位于中国四川省成都市及云南省昆明市。于2020年12月31日，集团的物业组合包括三栋商业楼宇（即光大金融中心、光大国际大厦的部分物业及明昌大厦的部分物业，总建筑面积约为89,507平方米，总建筑面积约1,319平方米的住宅物业杜甫花园已于年内出售。物业管理服务为提升集团物业的最大价值，集团拥有一支专业物业管理团队，为其物业（即光大金融中心及光大国际大厦）提供物业管理服务。截至2020年12月31日止年度，集团物业管理服务的收入约为人民币15.0百万元。年内，来自物业管理服务的收入减少，乃由于个别租户的租赁协议届满导致的空置率上升。集团管理的总建筑面积约为70,498平方米，较去年增加1.9%。投资物业集团的投资物业主要包括拥有或按租赁权益持有以赚取租金收入及╱或资本增值的土地及╱或楼宇。于2020年12月31日，投资物业的公允价值为人民币933.3百万元。截至2020年12月31日止年度，投资物业的估值收益约为人民币17.2百万元，较去年减少约人民币9.2百万元，该减少显示中国物业市场放缓。展望展望2021年，全球经济前景仍主要取决于新冠肺炎疫情形势及变化。疫情给全球经济造成了永久性损伤，面临的长期问题进一步加剧，扩张性政策退出也将给经济复苏带来不确定性。目前，发达经济体已经开始大量接种疫苗，但鉴于除中国以外的新兴经济体获得疫苗难度较大，预计除中国以外的新兴经济体复苏进程将慢于发达经济体。虽然疫情形势的缓解有利于经济复苏，但是全球经济依然在公共卫生、债务管理、预算政策、中央银行业务和结构性改革等诸多领域面临严峻挑战。随着中国经济活动的恢复，房地产置业及物业管理服务的需求开始逐渐回升，突如其来的疫情并未使物业管理行业放缓发展脚步。2021年初，住建部等十部门发布《关于加强和改进住宅物业管理工作的通知》，鼓励物业管理公司运用物联网、云计算等技术，建设智慧物业管理服务平台...

ACN Newswire

Huisen Household Announces 2020 Annual Results

indie
6 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - China's major furniture product manufacturer Huisen Household International Group Ltd. ("Huisen Household" or "the Group"; stock code: 2127.HK) announced audited annual results for the year ended 31 December 2021 ("the review period") today. During the review period, the Group's revenue increased by approximately 4.7% to RMB 3,896 million, gross profit was approximately RMB 944 million. After deducting listing and other expenses, the group's profit for the year was approximately RMB 541 million, representing a decrease of approximately 4.9% as compared to the same period in 2019, mainly due to a loss of approximately RMB 85.3 million in exchange losses compared to approximately RMB 2.8 million in exchange gains 2019. Earnings per share was RMB 0.24. The board of directors recommends the payment of a final dividend of HK7.9 cents (equivalent to approximately RMB7 cents) per share for the review period.Mr. Zengming, chairman and executive director said: "In 2020, the world went through a year like no other. The coronavirus ("COVID-19"), a once-in-a-century pandemic, ravaged the world, making considerable impacts on the glob...

ACN Newswire
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汇景控股2020年合约销售额按年增长逾75.5%

tallulah
1 minute

HONG KONG, Mar 25, 2021 - (亚太商讯 via SEAPRWire.com) - 立足大湾区的中国综合住宅及商用物业开发商汇景控股有限公司（「汇景控股」或「集团」﹔股份代号﹕9968）今天公布截至2020年12月31日止的全年业绩（「2020财年」或「年内」）。合约销售再创新高 保持业绩稳步提升截至2020年12月31日止年度，集团凭借在大湾区的战略性布局、优质的物业组合及专业的服务，业绩得以在逆境之下实现有质量增长，录得合约销售约人民币77.1亿元，同比增长约75.5%。净利润录得同比增长19.4%；净利润率为14.4%。每股基本盈利为人民币0.10元。董事会建议派发全年股息每股4.95港仙。立足于大湾区 物业销售发展持续集团继续秉承「立足大湾区，深耕东莞，布局华南、华中及华东地区」的使命，积极拓展业务。年内，集团收入同比增长42.9%至约人民币51.5亿元，已交付建筑面积较上年增长78.7%，主要交付项目包括东莞滨海城、河源九里湾花园、御海蓝岸。积极补充土地储备 持续推进城市更新项目于2020年，集团新增的土地储备总建筑面积达约121.9万平方米，分布于7个项目。年内，集团除了在大湾区、长三角城市群及长江中游城市群房地产市场开发及经营具有战略性区位优势的物业项目外，亦把项目扩展至中国西部及北部地区，包括四川省西昌市及河北省霸州市。城市更新项目方面，集团迄今已成功取得7个东莞市城市更新项目的前期服务商（土地面积约156万平方米）。回顾年内，樟木头宝山片区项目、虎门新湾片区项目、沙田稔洲片区项目即将推出市场；共12个城市更新项目正在推进前期服务商的资格获取工作或推进变更土地用途（涉及更新单元用地面积约213万平方米）。集团会继续把握城市发展机遇，收购具有战略性区位优势的土地，并深化城市更新项目布局，致力成为大湾区城市更新领域中领先的发展商。财务稳健 资金流动性持续改善集团的财务稳健，净负债率为18.0%。未来，集团将通过经营活动所得现金、银行融资以及上市的所得款项净额来进一步改善资本债务结构，降低融资成本。集团亦将持续加强现金流管理，加快回款，提高资金周转率。未来策略﹕紧抓机遇，立足湾区，产城融合，产品提质汇景控股行政总裁及执行董事伦照明先生表示﹕「2021年作为『十四五』规划的开局之年，在全新的经济和政策下，集团将采取更加积极的销售策略，及时调整营销计划，利用自身优势及雄厚资源，增加营销投入，在不断变化的市场中主动寻找突破点。展望未来，集团将坚持『以住宅开发为主营业务，以城市更新为核心、文旅康养和科创产业为双翼』的『一主一核两翼』业务格局，构建『产城人』融合的高质量发展之路，不断推动产业经济升级、城市发展升级、质量生活升级，为城市创造更多价值。凭借稳定的业务增长、充足的土地储蓄、稳健的发展策略及积极的销售运营，集团有信心可提升销售额...

ACN Newswire
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Tai Hing Announces 2020 Annual Results

indie
8 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - Tai Hing Group Holdings Limited ("Tai Hing" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 210 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its annual results for the year ended 31 December 2020 (the "Review Year" or the "FY2020").RESULTS HIGHLIGHTSRevenue contracted by 14.0% to HK$2,797.9 million (FY2019: HK$3,252.3 million)-- Revenue from major operations in Hong Kong, Macau and Taiwan only down 12.1% to HK$2,269.7 million - increased sales from self pick-up takeaway and delivery business partially offset the reduced dine-in traffic due to the social distancing measures to curb COVID-19 -- The Group's restaurants in Mainland China gradually resumed operation in March, thus achieving a significant rebound in revenue in the second half of the Review YearGross profit and gross profit margin recorded at HK$1,976.3 million (FY2019: HK$2,319.7 million) and 70.6% (2019: 71.3%) respectivelyProfit attributable to owners of the Company increased 54.8% to HK$119.0 million (FY2019: HK$76.9 million)Recommended a fin...

ACN Newswire
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High-Tech Boat Building Startup Navier Aims High with First U.S. Foiling Electric Powerboat

indie
3 minutes

West Palm Beach, FL, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - At the 2021 Palm Beach International Boat Show, Navier, a Silicon Valley startup, is proud to announce the first product for the new brand, a 27-foot foiling performance-craft that is capable of a range exceeding 75 nautical miles all under electric propulsion, with exceptionally advanced autonomy features. The foils will ensure a smooth ride over chop and the minimal wetted surface reduces drag, resulting in the most efficient operation possible.Navier 27 cabin versionNavier 27 open versionFounders (Reo Baird and Sampriti Bhattacharyya)Highlights:- Navier--a Silicon Valley startup--is building technology to radically increase efficiency of small power boats by 90% while ensuring zero emissions and a vastly superior ride experience.- Led by two MIT engineers who are avid boaters with extensive experience in ocean robotics, aerospace flight controls and autonomous systems. Additionally, the team is working with world-renowned experts involved in America's Cup foil vessel development.- The first product is the Navier 27, an all-electric hydrofoil performance-craft capable of a range exceeding 75 nautical miles at ...

ACN Newswire
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Redsun Services is given ‘Outperform’ and ‘Buy’ Rating by CCB International and CMB International

indie
3 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - Redsun Services Group Limited ("Redsun Services" or the "Group"; stock code: 1971), a fast-growing comprehensive community services provider focused on the Yangtze River Delta, is given 'Outperform' and 'Buy' rating by CCB International and CBM international respectively with target price at HK$9.2 and HK$9.37, both famous investment banks have recognized the Group's outperforming annual results for the year 2020. CCB International mentioned Redsun Services' diversified business and its continuous expansion of third-parties business, expects third-parties/Redsun Properties (1996.HK) to account for 60%/40% by 2021 and 70%/30% of the Group's managed GFA by 2022. For community VAS (Value-added Services), the Group plans to ramp-up full-cycle living service, including common area VAS, community ancillary, property brokerage, home decoration, and asset management services. In the case of information technology systems, it will continue to upgrade its management system to reduce operating costs and improve operating efficiency. CCB international thinks Redsun Services has attractive valuation, and is one of the most undervalued...