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Unearth value of Chinese technology companies: In-depth comparison between Yeahka and Square

HONG KONG, Jun 2, 2021 - (ACN Newswire via SEAPRWire.com) - Written by Francis Lun, CEO of GEO Securities Limited. We all want to find the next 10x stock, but we know it will not be easy. One of the easier ways would be to take reference of comparable stocks. Look for one among US stocks and see if it has a Chinese counterpart. Today, the "twin brothers" we want to look at are Yeahka and Square. In 2020, Square's price rose near eight folds in less than a year. Will Yeahka be able to replicate Square's "eight folds a year" miracle in the Chinese stock market? For more details: please go to https://www.acnnewswire.com/pdf/files/210602.pdf(Graph 1)(Graph 2.1 - 2.4)(Graph 3.1 - 3.2)(Graph 4)(Graph 5)(Graph 6.1 - 6.2)(Graph 7.1 - 7.2)(Graph 8.1 - 8.3)(Graph 9)Square is a mobile payment company in United States.In February 2009, Jim McKelvey, one of the founders of Square, sold his glass handicrafts in San Francisco. However, as most Americans have no savings and use credit card for daily spending, Jim McKelvey lost quite a few customers because he was not able to accept credit card payments.That was why Jim McKelvey founded Square - to provide credit card payment collection service to ...

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Global awards honour hktdc.com Sourcing

HONG KONG, May 26, 2021 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council's (HKTDC) hktdc.com Sourcing online trading platform has demonstrated solid performance since being upgraded in October last year to more efficiently connect global buyers and suppliers amid the COVID-19 pandemic. The upgraded platform uses machine-learning and image-recognition technologies to enhance business-matching efficiency and provide a more personalised smart-sourcing experience. The enhancement helped boost platform traffic and enquiries, which grew 15% and 26% respectively in the 2020/21 financial year ending March. The platform has also garnered multiple internationally acclaimed awards.Hong Kong Trade Development Council (HKTDC) Deputy Executive Director Benjamin Chau (centre) said the HKTDC will continue to upgrade digital services to help local companies tap online marketing opportunities in the pandemic-induced new normal.The upgraded hktdc.com Sourcing platform is honoured by 13 international awards.Commenting on these achievements, HKTDC Deputy Executive Director Benjamin Chau said COVID-19 had prompted companies around the world to accelerate digitalisation and on...

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Showa Denko Announces Change in Effective Date of Company Split (Simplified Absorption-Type Company Split)

TOKYO, May 26, 2021 - (JCN Newswire via SEAPRWire.com) - As stated in "the Announcement of Execution of Master Agreement regarding Series of Transactions to Effect, among other matters, the Succession of the Aluminum Can and Aluminum Rolling Businesses through Company Splits (Simplified Absorption-Type Company Splits), and Result in Certain Consolidated Subsidiary Ceasing to be a Consolidated Subsidiary of Showa Denko K.K.", dated January 28, 2021, the Company originally planned to succeed the aluminum can business of the Company to Showa Aluminum Can Corp., which is a wholly owned consolidated subsidiary of the Company, effective on June 1, 2021. However, the Board of Directors, at a meeting also held today, passed a resolution to change the effective date of the company split. The Company also decided to change the signing date, June 24, 2021, of the succession of the aluminum rolling business to Showa Denko Sakai Aluminum Corp., which is a wholly owned non-consolidated subsidiary of the Company.1. Details of the change of dateBased on the article 6 of the company split agreement (aluminum can business), the effective date of the company split (aluminum can business), after consu...

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This Week: CDX Accelerate Digital Transformation Summits to Discuss Blockchain, NFTs, The Metaverse & More

NEW YORK, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - CDX Accelerate - The premier conference series focusing on digital business transformation - opens this Wednesday, May 26 at 2pm ET on Zoom with a powerhouse speaker lineup which can be viewed at https://bit.ly/3yu8t3U.The virtual event will bring together leading national and global brands including Heineken, Charles Schwab, Manchester United, Aflac, Kellogg's, American Airlines, 1-800-FLOWERS.COM, INC., as well as leading media companies such as Telemundo, Simulmedia, PBS, NPR and others to discuss the acceleration digital business transformation, emerging tech, and the post-pandemic consumer economy.CDX is also pleased to welcome leading agency executives from Leo Burnett, Carat, Universal McCann, and The 4A's well as leading industry influencers and analysts including Author & Futurist, Rishad Tobaccowala, Canvas Worldwide CEO Paul Woolmington, Author & Columbia Business School Distinguished Professor, Rita McGrath and veteran Internet economy Wall Street Analyst, Evercore ISI's Mark Mahaney.CDX Founder and Conference Chairman Drew Ianni noted, "We are thrilled to present this uniquely diverse, cross-industry v...

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Commodities Intelligence Centre and ZALL Group Wins Gold and Silver Awards at The 2021 Asia-Pacific Stevie Awards

SINGAPORE, May 14, 2021 - (ACN Newswire via SEAPRWire.com) - Commodities Intelligence Centre (CIC), a physical commodities B2B e-trade platform, announced today that it has won the prestigious Gold Stevie(R) Award for "Innovation in Business-to-Business Services". Its parent company, ZALL Smart Commerce Group (ZALL Group), a leading Chinese B2B e-commerce group with a global presence, has also received the Silver Stevie Award winner for "Best Corporate Response" in fighting against the spread of the COVID-19 pandemic. CIC and ZALL Group were conferred this honour at the 2021 Asia Pacific Stevie Awards, which publicly recognises the achievements and positive contributions of organisations and working professionals worldwide. Peter Yu, Chief Executive Officer of Commodities Intelligence Centre and Vice President of ZALL Group, shared, "CIC and ZALL Group are deeply honoured and proud to win the 2021 Asia-Pacific Stevie Awards. During the height of the pandemic, our teams at ZALL Group and CIC played a key role as the first responder towards government efforts in fighting the Covid-19 pandemic. The team delivered millions of masks and emergency medical supplies to countries worldwide ...

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Eisai’s Statement of Commitment for Carbon Neutrality by 2040

TOKYO, May 11, 2021 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that it has pledged to reduce greenhouse gas (GHG) emission which causes global warming, with an aim to achieve carbon neutral, and has set its new medium- to long-term target for achieving the goals.- Medium-term target: Achieving 100% renewable energy usage by 2030Eisai will switch all electric energy, which accounts for 65.3% (as of FY2019) of the total energy usage used by the entire corporate group, to renewable energy. (Aiming zero CO2 emitted by the use of electric power classified in Scope 2.)- Long-term goal: Achieving carbon neutrality by 2040Eisai will ensure the ratio of CO2 emission to absorption across the entire Group is to come out even. (Following the achievement of the reduction target of Scope 2, Eisai will aim to reduce the CO2 emitted with use of fossil fuels classified in Scope 1 to net zero.)Eisai will promote the following efforts to achieve these goals mentioned above; To continue to install energy-saving equipment and to upgrade it; To expand utilizing renewable energy; To switch company- owned vehicles used in business activities to electric vehicles or fuel cell vehi...

Challenge faced by SPH news platforms stems from inability to monetise digital readership gains, says Iswaran

SINGAPORE- While Singapore Press Holdings (SPH) news platforms are not declining in quality or readership, the challenge faced by its media business today stems from its inability to monetise its gains in attracting and retaining readers on digital platforms. These trends - which affect SPH, Mediacorp, and the global media industry - are expected to persist and widen, said Minister for Communications and Information S. Iswaran in Parliament on Monday (May 10). Speaking during a ministerial statement on SPH's proposal to hive off its media business into a not-for-profit entity, Mr Iswaran noted that SPH's papers, like Mediacorp's broadcast channels, continue to be trusted and valued sources of news that are well read. SPH's overall reach and readership has never been higher, with total newspaper circulation holding steady and digital circulation growing more than 20 per cent year-on-year, he noted. SPH papers' total circulation has also grown by 5 per cent from 2017 to 2020, he added. Within this period, The Straits Times' print and digital circulation has grown by about 20 per cent. As at August last year, the daily average circulation of ST on print and digital platforms was 458,2...

Govt ‘does not intend nor expect’ restructuring to affect relationship between MCI and SPH newsrooms: Iswaran

SINGAPORE - The relationship between the Government and newsrooms should not be affected even as Singapore Press Holdings (SPH) restructures its media business into a model that can receive state funding, said Minister for Communications and Information S. Iswaran. In a ministerial statement on Monday (May 10), he said the Government "does not intend nor expect" the transfer of SPH Media to a company limited by guarantee (CLG) to affect the relationship between his ministry and the SPH newsrooms. "The Government is mindful that our local news media must remain credible institutions that are trusted by Singaporeans, and that it remains the responsibility of the editors and journalists in SPH Media to report news and diverse opinions objectively, and from a Singaporean point of view," he told Parliament. The minister's statement follows Singapore Press Holdings' (SPH) announcement last Thursday that it plans to restructure its media business into a not-for-profit entity that can seek public and private funding, to free it from shareholders' expectations and place it in a more sustainable financial position. The move has drawn concern and questions about whether the editorial integrit...

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Showa Denko Revises Forecast of Consolidated Performance and to Record Extraordinary Loss

TOKYO, May 10, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021, which was announced on February 17, 2021, taking the latest economic conditions into consideration. Following this revision, SDK also revises its full-year forecast of consolidated business results for the year ending on December 31, 2021. Regarding the latter forecast, we revised the full-year forecast to reflect only the changes in the performance forecast for the first half of 2021.SDK also announces that it will record an extraordinary losses in its 2021 consolidated financial statements.1. Revision of forecast of consolidated business results for January 1 - June 30, 2021(1) Revised forecast of consolidated business results for January 1 - June 30, 2021* See www.sdk.co.jp/assets/files/english/news/2021/20210510_sdknewsrelease_e.pdf(2) Reasons for the revisionRegarding net sales, although the Others segment's sales is expected to decrease due to unconsolidation of Shoko Co., Ltd. resulting from the sale of SDK's shares in Shoko aiming to tender them into a tender o...

SPH media restructuring: The challenge of funding and sustaining quality journalism

SINGAPORE - Few newspapers can claim to have been continuously published for 200 years, and on Wednesday (May 5), The Guardian joined their ranks. One key strength of the publication that has helped it prevail through ups and downs over the years is that it has been managed by a trust that has enabled and empowered it to hew to the spirit of its original investors, who were not in the business to make a quick buck. Many media titles around the world are grappling with the challenge of funding and sustaining quality journalism. On Thursday, Singapore Press Holdings (SPH), which publishes The Straits Times, announced plans to restructure its media business, SPH Media, which includes ST, and eventually park it under a new company limited by guarantee (CLG). Noting that the media business faces financial challenges over the next few years, SPH chairman Lee Boon Yang said one key driver has been digital disruption. Worldwide, traditional media organisations have seen readership and revenues drop as anyone can access information any time, anywhere on the Internet. SPH's media business has seen operating revenue halve over the past five years, driven largely by the drop in print advertisi...

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中信国际电讯CPC凭借「DataHOUSE AR 千里眼」于「2021年度新加坡商业评论 – 卓越科技奖 (SBR TEA 2021)」中荣膺「电讯业增强现实及虚拟现实项目(Augmented & Virtual Reality Award for Telecommunications)」奖项

SINGAPORE, May 5, 2021 - (亚太商讯 via SEAPRWire.com) - 中信国际电讯集团有限公司(香港交易所股份代号:1883)全资拥有的中信国际电讯(信息技术)有限公司(「中信国际电讯CPC」)欣然宣布,凭借「DataHOUSE™ AR千里眼」远程维护服务(AR Remote Hand)的卓越效能,在「新加坡商业评论 - 卓越科技奖(Singapore Business Review Technology Excellence Awards “SBR TEA”)」中荣获「电讯业增强现实及虚拟现实项目 (Augmented & Virtual Reality Award for Telecommunications)」奖项。「DataHOUSE™ AR千里眼」 远程维护服务是一个非常实用及高效的解决方案,让前线工程师与后勤工程师和支持人员进行无缝协作,数据并可以实时传送。此方案透过前线工程师配戴相关AR智能眼镜,识别任何有指定二维码的设备,继而从后台系统读取已加密的数据;利用预设程序(例如手势)检视该设备的数据,包括设备的历年记录或状态、服务手册、复杂的技术步骤,故障排除日志和图像等,迅速进行数据分析、设备维护、故障排除和现场操作,无须再因查看实体工作手册而中断工作,使生产力跃升高达五成。传统上,前线工程师需要常以电邮或电话来联络后勤支援人员,难以具体描述故障实况。「DataHOUSE™ AR千里眼」推出后,后勤工程师现可透过AR控制台看到前线工程师从AR智能眼镜现场串流传送的实时影像,大大提升工作的速度和素质,而其效能强大的视像会议功能亦能为工程师提供即时支援,促进全球操作及维护团队之间的场外协作,并克服了时区、语言和距离的挑战,以及在多重技术环境中对专业技能的需求。目前新冠肺炎仍然肆虐全球,对客户而言,要安排其IT人员亲赴数据中心管理所需设备实在不容易。中信国际电讯CPC的「DataHOUSE™ AR千里眼」服务遂成为客户的千里眼。客户不仅可身处办事处或其他地点透过AR控制台即时看到置于数据中心的设备的实况,更能即时向中信国际电讯CPC的前线工程师发出指引,在毋须置身数据中心的情况下,亦可妥善解决其设备问题。「DataHOUSE™ AR千里眼」是中信国际电讯CPC的数据科学家和研发专家团队的成功之作。团队以他们的专业知识与香港应用科技研究院有限公司(「应科院」)的专家技术相结合,共同创建了突破性的技术,颠覆在数据中心的设备管理和维护。应科院由香港特别行政区政府成立,其使命是透过应用科技研究,协助发展以科技为基础的产业,藉此提升香港的竞争力。中信国际电讯CPC目前正通过扩展其支援的供应商设备和加入人工智能(AI)技术,进一步强化AR千里眼的功能,期望日后可把技术扩展至更多服务范畴。作为亚太区跨国企业及商业客户最可信赖...

Samsung sees higher chip earnings as Q1 profit jumps 46%

SEOUL (REUTERS) - Samsung Electronics said on Thursday (April 29) it expects chip profits to increase in the current quarter after announcing its highest first-quarter operating profit since 2018. The world's top maker of memory chips posted a 46 per cent jump in operating profit in the January-March quarter on the back of a 66 per cent profit surge at its mobile business to 4.4 trillion won (S$5.26 billion), the company said. The jump was led by sales of its flagship Galaxy S21 smartphone series, while profit also soared at its television set and home appliance business, buoyed by continued stay-at-home demand. Profits at its chip business, however, fell due to the cost of ramping up domestic production as well as losses at its Texas plant following a storm-related stoppage in mid-February that blunted the benefits of strong demand. Net profit rose 46% to 7.1 trillion won. Revenue climbed 18 per cent to 65.4 trillion won. More on this topic Related Story Global chip shortage threatens production of laptops, smartphones and more Related Story Why shortages of a US$1 chip sparked crisis in the global economy

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MC and unerry Enter into Capital and Business Alliance

TOKYO, Apr 22, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) and unerry, inc. (unerry) are pleased to announce the recent signing of their agreement to form a capital and business alliance. MC is one of Japan's leading trading companies, while unerry owns Beacon Bank, one of Japan?s largest platforms for managing behavioral big data and mobility analytics. Their alliance will focus on the application of these data to pursue a variety of businesses that fall within the scope of MC's urban-development and city-management (smart-city) operations.The Beacon Bank platform takes advantage of small, wireless transmitters known as beacons to facilitate location-based searching and interaction. By analyzing the big data gathered through the platform and building its own behavior-forecasting model unerry also provides distributors and retailers with a range of services, including advertising, sales promotions and advice on maximizing the store-front customer experience. The company's initiatives extend even further to making existing businesses IoT compatible and to constructing or providing advice on new business models. A particular focus has been on smart cities an...

How Grab CEO’s Harvard connection opened the door to world’s biggest Spac deal

SINGAPORE (BLOOMBERG) - A few years after launching Grab Holdings in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of Alibaba Group Holding told the entrepreneur that life is a tsunami. When you're up on the wave, get ready for the crash, he said. In 2020, that all came to pass. The coronavirus sent cities across South-east Asia into lockdown. Demand for ride-hailing, a key business, plunged. Then around December, its big plan to merge with arch rival Gojek collapsed. Mr Tan wasn't ready to give up on going public. Early this year, a connection introduced him to the Silicon Valley investor Brad Gerstner, the founder of Altimeter Capital Management. The two men, though from opposite sides of the world, had a lot in common. Both were Harvard Business School alumni, and both had eschewed easier paths in life to set up their own firms. Within about three months, the pair had announced the world's biggest Spac deal, which will see Grab list in the US at a valuation of almost US$40 billion (S$53.4 billion). "A year ago, the world looked like it was going to end," Mr Tan, 39, said. "As an entrepreneur, you go through these crazy lows and crazy highs." In an intervie...

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Registration Open for Energy Storage Live Online Masterclass

Singapore, Apr 14, 2021 - (ACN Newswire via SEAPRWire.com) - Infocus International Group has launched the Energy Storage online course and it will be commencing live on 1st June 2021. Throughout the four sessions, you will be introduced to a business-focused assessment of energy storage opportunities, competing solutions and project delivery essentials.Energy storage differs from other energy technologies in the breadth and complexity of its addressable market and revenue opportunities. This training course provides a comprehensive, business-focused analysis of these opportunities, allowing attendees to analyse, understand and segment them. While naturally focusing on battery storage, we also cover the variety of competing storage technologies and describe the wide variety of problems energy storage seeks to solve, at a wide range of deployment sizes and timescales, including key issues around practical project delivery.Benefits of Attending:- Gain a clear understanding of energy storage market opportunities & deployment considerations- A core focus on batteries, including clear explanations of the technologies and performance considerations (in language accessible to non-techn...

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Tokyo Century and DOCOMO to Globally Expand EDGEMATRIX Edge-AI Platform for Video Surveillance & Monitoring

TOKYO, Apr 13, 2021 - (JCN Newswire via SEAPRWire.com) - Tokyo Century Corporation and NTT DOCOMO, INC. announced today that they have reached a basic understanding on a collaboration to globally expand the EDGEMATRIX edge-AI platform for video surveillance and monitoring provided by EDGEMATRIX Inc.EDGEMATRIX simplifies the implementation and management of edge AI for processing and storing video data captured with video cameras on location (edge) at factories, buildings and other outdoor and indoor locations. The platform maps the locations of multiple Edge AI Box devices installed on site, monitors their operational status and enables the devices to be controlled remotely. Customers can purchase convenient and practical AI applications at the EDGEMATRIX Store for the simplified implementation of AI solutions for various surveillance and monitoring purposes.Tokyo Century and DOCOMO are now exploring opportunities to market and sell EDGEMATRIX services mainly in North America but also other overseas markets. DOCOMO is looking into conducting marketing and sales activities either on its own or through local sales partners. Tokyo Century is considering options for providing customer ...

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Olympus Opens New Global HQ for Therapeutic Solutions Division and U.S. Medical Business

TOKYO, Apr 8, 2021 - (ACN Newswire via SEAPRWire.com) - Olympus Corporation ("Olympus" - Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) announced today the opening of a new facility in Westborough, MA, to serve as the global headquarters for its Therapeutic Solutions Division (TSD) and its medical business in the United States. Olympus opens global headquarters for Therapeutic Solutions and Medical Business in Westborough, MA, U.S.New facility features Olympus Continuum Training and Education Center and Olympus OR Innovation Center ShowroomGlobal Therapeutic Solutions headquarters opening in the U.S. is part of Transform Olympus initiativeOlympus has identified TSD as a strategic focus for growth and shifted its global head of TSD from Tokyo to the U.S. to have better access to a key medical industry cluster and generate growth through stronger business opportunities. Since the Transform Olympus initiatives were unveiled in 2019, many U.S.-based executives have been leading TSD growth; Olympus has dramatically expanded the business with acquisitions, as well as through organic growth.The new 150,000-square-foot facility in Westborough will accommodat...

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Ni Hsin to Expand Energy Coffee Business through Partnership with O&G Cooperative

BlackBixon Coffee to expand its market reach via new partnership KUALA LUMPUR, Apr 7, 2021 - (ACN Newswire) - Ni Hsin Resources Berhad's ("Ni Hsin") food and beverage arm, Blackbixon Sdn Bhd ("BlackBixon"), has signed a brand partnership agreement with Koperasi Tenaga dan Petroliam Berhad ("KTP"), a cooperative for entrepreneurs in the oil and gas ("O&G") industry, to grow the market for the 'BlackBixon' energy coffee drink. The partnership will see BlackBixon retailing its drinks at various onshore and offshore O&G locations owned by members of KTP. This agreement will not only benefit BlackBixon through having more locations to distribute the energy coffee drink, but also benefits members of the cooperative, who will have another source of income through their participation in the BlackBixon business.Present at today's signing ceremony were the Guest of Honour, Encik Yazid Jaafar, President/Chief Executive Officer of Malaysia Petroleum Resources Corporation; Encik Sofiyan Yahya, Chairman of KTP and Mr. Khoo Chee Kong, Managing Director of BlackBixon.Khoo said, "KTP is a cooperative established by professionals from the energy sector in 2019. One of KTP's main mission is t...

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CDB Leasing Announces 2020 Annual Results

HONG KONG, Mar 31, 2021 - (ACN Newswire via SEAPRWire.com) - China Development Bank Financial Leasing Co., Ltd. (stock code: 1606.HK; "CDB Leasing" or "the Company", together with its subsidiaries as "the Group") announces its audited consolidated results for the year ended December 31, 2020 (the "Reporting Period").Results HighlightFor the year ended December 31, 2020-- Total assets reached RMB303.3 billion, representing an increase of 16.08% YOY;-- Operating income was RMB19.329 billion, representing an increase of 5.37% YOY;-- Net profit amounted to RMB3.268 billion, representing an increase of 11.24% YOY;-- Total new lease financing to lessees amounted to RMB104.4 billion, representing an increase of 11.96% YOY;-- Return on average equity was 12.50%, representing an increase of 0.72 percentage point as compared with that as of the end of last year;-- Non-performing asset ratio was 0.80%, representing a decrease of 0.09 percentage point as compared with that as of the end of last year.During the Reporting Period, the Company's total assets exceeded RMB300 billion for the first time, and amounted to RMB303.3 billion, representing an increase of 16.08% YOY. Operating income was RM...

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Dubai-based Bin Zayed Group inks strategic partnership with Widad Business Group to jointly develop Widad@Langkasuka in Langkawi

KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire via SEAPRWire.com) - Widad Business Group Sdn Bhd (WBG), an integrated facility management, property and construction conglomerate, has signed a Collaboration Agreement with Bin Zayed International LLC (BZI) to jointly develop the RM40 billion mixed-development project known as Widad@Langkasuka in Langkawi.The signing ceremony held yesterday at Grand Hyatt Kuala Lumpur was witnessed by Prime Minister Y.A.B. Tan Sri Dato' Haji Muhyiddin Bin Haji Mohd Yassin, Chief Minister of Kedah Y.A.B. Tuan Haji Muhammad Sanusi Bin Md Noor, Y.B. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali, and Y.B. Widad Business Group founder and group executive chairman Tan Sri Muhammad Ikmal.The agreement was signed by Widad Business Group executive director Dato' Dr Rizal and Bin Zayed International Group Managing Director Sheikh Midhat Kidwai, paving the way for both parties to jointly develop and construct Widad@Langkasuka. They will also be working together to coordinate with the state government and relevant contractors and consultants concerning the infrastructural development, construction and other works comprised...