TIME Interconnect’s Major Shareholder Increased the Shareholding

indie 14 9 月

4 minutes

HONG KONG, Sep 14, 2021 - (ACN Newswire via SEAPRWire.com) - TIME Interconnect Technology Limited (the "Company ", Stock Code: 1729, with its subsidiaries collectively referred to as the "Group") is pleased to announce details of the increase in the shareholding in the Company by controlling shareholder, Mr. Lo Chung Wai Paul, a non-executive director of the Company and the Chairman of the board of directors of the Company.On 10 September 2021, Mr. Paul Lo acquired the entire issued share capital of Datatech Investment Inc. (a substantial shareholder holding 204,930,000 shares (the "Shares") of the Company) through Lacosta Harness Limited ( a company direct wholly and beneficially owned by Mr.Paul Lo) from Mr. Kwong Ping Man at a total cash consideration of HK$109,637,550.00 (the "Acquisition"). Immediately after the Acquisition, Mr. Paul Lo is deemed to increase his interest from 1,175,070,000 Shares to 1,380,000,000 Shares, which represents an increase from approximately 63.85% to approximately 74.98% of the total issued shares of the Company as of today. The increase in the shareholding recognises his confidence in the prospects and intrinsic value of the Company as well as his ...

SeaPRwire

Chip supply faces new crunch as Malaysia plants shut for a week

elean 9 9 月

3 minutes

KUALA LUMPUR (BLOOMBERG) - The Malaysian semiconductor firm Unisem will shut some plants for seven days after three employees died recently from Covid-19, dealing a fresh blow to the chip supplies that carmakers and other companies rely on. The company said it will close Ipoh plants in the state of Perak until Sept 15 to curb the spread of the disease, which chairman John Chia said had infected several employees and caused three deaths. The company will then limit the number of staff allowed into the facilities when they reopen. Unisem, which provides packaging and testing services, gets about 12 per cent of its revenue from the auto sector, 28 per cent from communications and 30 per cent from consumer segments. Unisem is one of several large Malaysian-based chip assemblers and testers for the likes of Infineon Technologies and STMicroelectronics. The suspension of its plants underscores how Covid-19 is disrupting key portions of a global supply chain already struggling with inadequate capacity, particularly for a variety of low-end chips that automakers from Tesla to Toyota Motor require to make their cars. The Japanese giant said last month it would suspend production at 14 plant...

ACN Newswire

Daiwa Securities Upgrades Rating of Parent Company of Precision Tsugami (1651.HK) to “Outperform”

indie 6 9 月

3 minutes

HONG KONG, Sep 6, 2021 - (ACN Newswire via SEAPRWire.com) - Daiwa Securities, in its recently published research report, has upgraded the rating for the parent company of Precision Tsugami (China) Corporation Limited ("Precision Tsugami" or the "Company", stock code: 1651), which is the largest foreign-owned CNC high-precision machine tool manufacturer in the PRC . The "Outperform" rating was given to the firm as Daiwa Securities was particularly optimistic about Precision Tsugami's strong business foundation in the PRC, and the higher-than-expected number of orders received in July. In the report, Daiwa Securities noted that Precision Tsugami brought a new plant on stream in Anhui Province, the PRC, in March 2021, thus increasing total production capacity by just above 15%. The ability to supply the needed volume of products by the deadlines demanded by customers is particularly important in the PRC. The Group commands a lofty share of the local market for small- and mid-size sliding headstock automatic lathes (60-70% by its estimate). Leveraging its strong profile, the Company has established close relations with a number of local area suppliers and appears to be well positioned ...

SeaPRwire

Yiche held a car-themed super party, which promoted the sales of 43,900 cars in August

pandora 31 8 月

3 minutes

Beijing / TickerInsider / August 31, 2021 / – Yiche, China’s leading auto IT company, teamed up with China’s top TV stations to launch the “Super August 18th Car Carnival Night” on August 18.China’s leading auto manufactures and dealers participated in the event and launched a grand car promotion campaign. China’s leading car companies and car dealers participated in the event, launching a grand car promotion campaign. —Related Stock– Tencent Holdings Limited (HKSE: 0700.HK)Trade Date: 2021-08-30, Currency: CNYOpen: $464.20, Close: $465.80, Low: $457.60, High: $468.40, Change: $1.60Country: CN, Industry: Internet Content & Information, SectorCommunication ServicesTages: 0700.HK, Tencent Holdings Limited, Internet Content & Information, Communication Services –Related Stock– Yiche, Tencent, 0700.HK Yiche believes that a car-themed carnival can activate the market and boost consumption during the summer, which is traditionally an off-season for the Chinese auto market. More than 50 well-known Chinese stars, singers, bands and pianists, including Jay Chou and Lang Lang, were invited to participate in the two-and-a-half-hour party.The artists provided songs, dances and piano pe...

SeaPRwire

Wintermar Plans to Reposition Company for Growth

pandora 26 8 月

3 minutes

WINS’ management repositioning Company for expansion, through fleet restructuring and refocusing on future growth areas. JAKARTA, Aug 25, 2021 – (ACN Newswire) – In the Public Expose on 25th August 2021, PT Wintermar Offshore Marine Tbk (WINS:JK) Managing Director Sugiman Layanto affirmed the positive outlook for the Company, as higher oil prices have initiated a new investment cycle for Offshore oilfield development. The Company’s Annual General Meeting of Shareholders (AGM) on 19th August 2021 approved the issuance of up to 415 million shares without pre-emptive rights, of which 400 million are to be issued at any time within the next 24 months, which together with the Company’s lowered net gearing of 29% lays the foundation for setting a new direction of growth. Summarizing the results for the first half this year, Finance Director Janto Lili said that the downsizing of fleet and cost efficiency measures had turned the Company around, from a gross loss last year to a gross profit of US$3.3 million in the first 6 months of 2021. In his review of the business outlook, Managing Director Sugiman Layanto gave a four-point strategy for growth: 1) To focus on a streamlined and efficien...

ACN Newswire

Quantum Solutions Co., Ltd. establishes joint venture with FOMM Company Limited

indie 23 8 月

5 minutes

HONG KONG, Aug 23, 2021 - (ACN Newswire via SEAPRWire.com) - According to the announcement dated 12 July 2021 in respect of "Notice of Capital and Business Alliance with FOMM Limited", Quantum Solutions (hereinafter referred to as the "Company") has agreed to form a capital and business alliance (hereinafter referred to as the "Capital and Business Alliance") with FOMM Limited (hereinafter referred to as "FOMM") and a joint venture agreement was signed today.1. Purpose of setting up the joint venturePursuant to the Capital and Business Alliance, the Group has agreed to invest in FOMM. After discussion, the two parties agreed to set up a joint venture in Hong Kong, namely Quantum FOMM Limited (hereinafter referred to as the "New Company"), to manufacture and distribute electric vehicles in China, in other words to serve the two companies as a vehicle to tap the China market. Asia TeleTech Investment Limited (hereinafter referred to as "ATT"), a wholly-owned subsidiary of the Company, will contribute capital direct to the New Company whereas FOMM will contribute capital as well.2. Purpose and strategy of the Capital and Business Alliance(1) Short term plan (12 months)The New Company ...

ACN Newswire

China Power Achieves Remarkable 2021 Interim Results

indie 20 8 月

3 minutes

HONG KONG, Aug 20, 2021 - (ACN Newswire via SEAPRWire.com) - China Power International Development Limited (stock code: 2380.HK) has announced its unaudited interim results for the six months ended 30 June 2021.During the Review Period, China Power achieved solid business results, with revenue amounting to RMB16.54 billion. Power generation grew by 23.7% to 51,530,643 MWh over the same period last year. Electricity sold rose by 23.7% to 49,441,462 MWh. Profit attributable to equity holders of the Company jumped by 17% year-on-year to RMB1.37 billion.China Power held its interim results investor conference on 20 August 2021. He Xi, Chairman of the Board of Company, said, "In the first year half, the Company achieved good results in terms of operation, development, reform and innovation. Firstly, our operating performance grew amid adversity, with profit contributions from clean energy continuing to increase. Secondly, the overall transformation towards clean energy has accelerated. The total consolidated installed capacity of clean energy exceeded 47%, an increase of 3.1 percentage points compared to the end of last year. Thirdly, we will take the lead in extending the business in t...

ACN Newswire

CCMGT (9982.HK) Announces 2021 Interim Results, Revenue Increased 32%, Dividend Payout Ratio Reached 65%

indie 17 8 月

4 minutes

HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - CENTRAL CHINA MANAGEMENT COMPANY LIMITED ("CCMGT" or the "Company", stock code: 9982.HK), a leading property project management company in China, today announces its unaudited interim results ended 30 June 2021("Review Period"). During the Review Period, benefited from the PRC domestic property sector continued to recover and the Greater Central China strategy of the Company, the revenue of the Company increased 32% to approximately RMB635 million as compared to the same period of 2020. Net profit amounted to approximately RMB362 million, representing an increase of 20% as compared with the same period last year. Core net profit amounted to RMB380 million, an increase of 25.6% as compared to the same period of 2020. The earnings per share increased 17.8% to RMB0.12 cents. The Board of Directors declared an interim dividend of HK8.60 cents per share for the six months ended 30 June 2021.During the first half of 2021, the world economy gradually recovered owing to the improved global COVID-19 situation. The Chinese economy is on a solid recovery track. During the Review Period, CCMGT owned 250 projects under management and ...

ACN Newswire

The Glimpse Group Announces the Acquisition of its 10th Subsidiary Company: Auggd, an Augmented Reality Software and Services Company, and the Establishment of Glimpse Australia

indie 16 8 月

5 minutes

NEW YORK, NY, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions, announced today that on August 13, 2021, it acquired the assets of Augmented Reality Investments Pty Ltd, an Australia based company ("Auggd").Auggd (https://auggd.com/) provides AR software and services to the AEC industry in Australia, Europe, and the US, creating experiences that visualize buildings, bridges, roads and underground services at true scale in their real-world environments. These can result in improved building, lower construction costs, clearer planning and impactful marketing. Since its inception approximately eight years ago, Auggd has generated over $2MM in aggregate revenue and has successfully deployed hundreds of mobile AR apps across a broad range of industry sectors.Video Link: https://player.vimeo.com/video/586889339The acquisition was structured as an asset acquisition and no liabilities were assumed by Glimpse. The transaction is equity based only (no cash consideratio...

ACN Newswire

Quantum Solutions Co., Ltd. shifts to focus on the EV business for its core development and its EV development plans in China

indie 16 8 月

4 minutes

HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - According to the "Notice Regarding the Memorandum of Understanding for Capital and Business Alliance with Shanghai LingKang Consulting Co., Ltd." dated 21 June 2021, Quantum Solutions Co., Ltd. (hereinafter referred to as the "Company") signed a Memorandum of understanding with Shanghai LingKang Consulting Co., Ltd (hereinafter referred to as "Lingkang") in relation a business alliance including capital investment in the electric vehicle (hereinafter referred to as "EV") sector. In addition, according to "Notice Regarding the Start of New Business and Capital and Business Alliance with FOMM Corporation" dated 12 July 2021, the Company announced that subject to approval by the board of directors of FOMM Corporation (hereinafter referred to as "FOMM"), a Japanese company, the Company would forge a business alliance including capital investment with FOMM in the EV business. The Company considers that embarking on business in the EV sector is within the business direction of 5G communications and AI.The Company is still discussing with Lingkang and FOMM the details of the respective capital and business alliances. The Company...

ACN Newswire

Elegance Optical subscribes 50% of the enlarged issued share capital of the Target Company for China’s Yantai Liquefied Natural Gas (LNG) Terminal Project investment

indie 10 8 月

3 minutes

HONG KONG, Aug 10, 2021 - (ACN Newswire via SEAPRWire.com) - Elegance Optical International Holdings Limited ("The Company") is pleased to announce that Green Source Global Limited ("the Subscriber"), an indirect wholly-owned subsidiary of the Company, has entered into the agreement with H. Sterling LNG Terminal Holding Limited ("Target Company") and the Existing Shareholder ("Existing Shareholder"), pursuant to which the Subscriber has conditionally agreed to subscribe for, and the Target Company has conditionally agreed to issue and allot, 10,000 subscription shares, representing 50% of the issued share capital of the Target Company as enlarged at the subscription price of RMB223 million, to be settled in cash ("the Agreement").Completion of the subscription shall take place on the 30th business day after all the conditions precedent under the Agreement having been fulfilled or waived (or such other date as the parties to the Agreement may agree). Upon the completion, the Company will indirectly own 50% equity interest of the Target Company, representing approximately 10.5% equivalent interest in Yantai LNG Terminal Project Company of which 21.0% equivalent interests is held by t...

SeaPRwire

‘New things to learn every day’: Founder of logistics company believes in the future of the fast-growing sector

elean 9 8 月

4 minutes

The container ship, freight train and 18-wheeler took Mr Kelvin Lim to places he had never imagined he would visit. They allowed him to meet new faces who would later become his best pals and, most importantly, to embrace a world of new possibilities. “I didn’t go to university and missed the opportunity to further my studies. Logistics gave me my education,” says the 50-year-old founder of Pacific Logistics Group (PLG). His first lesson began when he started PLG as a freight forwarding company with just two staff members in 2000, before it evolved into the current multi-solutions provider it is today. This remains true for him even after 21 years. Such are the complexities of running a business that spans 11 countries and multiple modes of transportation. Now a 240-strong company, PLG has helped clients in various sectors such as multinational corporations in energy sectors to coordinate and move goods and resources around the world. Like other local and international logistics players based here, it plays a key role in supporting global trade flows through Singapore. One-seventh of the world’s shipping container activity goes through the Republic. “Many companies choose to transi...

SeaPRwire

From Red Gold to Olympic Gold: Seedo Corp. Seeks Solutions for Athletes and More

pandora 5 8 月

4 minutes

Seedo Corp. highlights saffron’s medicinal properties as mental health takes center stage at the Olympics in Tokyo. Tel Aviv, Israel, Aug 4, 2021 – (ACN Newswire) – Seedo Corp. (http://saffron-tech.ag) (OTC: SEDO), an agtech company that is developing the protocols to grow saffron using vertical farming technology, today announced that it is expanding its research to include the study of the spice’s well known natural anti-anxiety and antidepressant properties. Similar to the approach of the indoor cannabis industry, Seedo hopes to be able to enhance the medicinal properties of this unique herb for use in pharmaceutical and nutraceutical applications. Mental health has come to the forefront in sports with Simone Biles withdrawing from the Tokyo Olympics and Naomi Osaka opting out of the French Open and Wimbledon. With mental health entering the cultural conversation, Seedo Corp. hopes saffron will be seen as part of a new nature-based approach to mental health. Simone Biles “The timing is right to leverage saffron’s potential medicinal properties and create new applications that could address the recent paradigm shift regarding mental health,” says David Freidenberg, CEO. “Seedo Co...

SeaPRwire

Sanofi offers to buy US biotech, mRNA partner Translate Bio: sources

elean 3 8 月

3 minutes

PARIS (REUTERS) - Sanofi has offered to buy US biotech company Translate Bio, two sources familiar with the situation said on Monday, as the French drugmaker bets on next-generation mRNA technology after setbacks in the Covid-19 vaccine race. Shares in the New York-listed biotech company soared more than 70 per cent to above US$50 in extended trading, building on the big gains in the stock as investors have piled in to the sector amid a rush to develop vaccines and treatments to tame the pandemic which has killed 4.3 million and roiled the global economy. An offer for all Translate Bio shares had been made to the US group's shareholders, the sources said. The persons declined to be identified due to the confidentiality of the talks. Translate's board was expected to meet on Monday to discuss the offer, one of the sources said. The second source said Sanofi's directors had met on Sunday to discuss the potential deal. A spokeswoman for Sanofi declined to comment and Translate Bio did not respond to requests by email and phone for comment. Financial terms of the offer were not known. Translate Bio's market value has soared fivefold since the start of the pandemic, to about US$2.2 bill...

ACN Newswire

DigiMax Continues Global Marketing Expansion into Asia with Signing of Collaboration Deal in Korea

indie 30 7 月

6 minutes

TORONTO, ON / ACCESSWIRE, Jul 30, 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 signed a marketing collaboration deal with The Wing Corp. ("Wing") based in Seoul Korea.CryptoHawk is an Artificial Intelligence-driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of cryptocurrencies rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.Wing is a market-leading influencer in blockchain and cryptocurrency in Korea, which they reference as the core of 'the 4th industrial revolution'. W...

ACN Newswire

DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

indie 29 7 月

7 minutes

TORONTO, ON, Jul 28, 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 signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.CryptoHawk is an Artificial Intelligence driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies, rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a 1-month, long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.DigiMax is collaborating with Mr. Tony Tong in Hong Kong and other Asian regions where he has substantial influence. Mr. Tong is Co...

ACN Newswire

Singapore’s Kris Infotech acquires majority stake in AGS Tek Partners, plans major US expansion

indie 26 7 月

4 minutes

SINGAPORE, Jul 26, 2021 - (ACN Newswire via SEAPRWire.com) - Leading Singapore-headquartered IT consulting and advisory services company Kris Infotech has acquired a 60% stake in the Colorado-based IT consultancy and staffing company AGS Tek Partners. The acquisition follows Kris Infotech's strategic roadmap for growth, tapping into the enormous opportunities and immense potential of the dynamic US market. To drive its ambitious expansion plans in the US and across North America, Kris Infotech is deputing IT industry veteran, Mr. Barani Kumaresan, from Singapore. As Senior Vice President, Mr. Kumaresan will be responsible for making all operational decisions for AGS Tek Partners, executing the company's strategy and scaling up operations of AGS Tek Partners. "We are thrilled to add AGS Tek Partners into our fold. Their expertise and experience in delivering IT resourcing and training services in the US over many years is immensely valuable and will serve as a launchpad for our own growth plans. Together, we look forward to delivering our suite of IT services to a lot more companies across the US and North America and enabling them to get maximum value from their investments in Info...

SeaPRwire

Netflix details video game push as it forecasts weak growth

elean 21 7 月

3 minutes

BENGALURU (REUTERS) - Netflix said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the lifting of pandemic restrictions that had kept people at home. The company's shares hovered about even at US$531.10 in after-hours trading on Tuesday (July 20). Earnings for April through June came in at US$2.97 per share, below the average forecast of US$3.16, according to analysts surveyed by Refinitiv. Netflix is weathering a sharp slowdown in new customers after a boom in 2020 fueled by stay-at-home orders to curb the Covid-19 pandemic. In the United States and Canada, Netflix reported a decline of about 430,000 subscribers in the second quarter. The streaming video pioneer said it was in the early stages of expanding its video game offerings, which would be available to subscribers at no extra charge. The company will initially focus primarily on mobile games. "We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV," the company said in its quarterly letter to shareholders. Netflix has dabbled in video games with a few titl...

JCN Newswire

Showa Denko Announces Company Split and Transfer of Energy Storage Devices and Systems Business through Share Transfer by a Consolidated Subsidiary

ruth 8 7 月

8 minutes

TOKYO, Jul 8, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (hereinafter referred to as the "Company") hereby announces that Showa Denko Materials Co., Ltd. (hereinafter referred to as "SDMC"), the Company's consolidated subsidiary, has determined by its board of directors today that (i) SDMC shall have a newly established, wholly owned subsidiary of it named Energy Storage Devices Spin-Off Preparation Co., Ltd. (hereinafter referred to as "NewCo"; its company name shall be hereafter changed upon discussion) succeed the energy storage devices and systems business in which SDMC is engaged at its Saitama Works and Nabari Works (hereinafter referred to as the "Business") through an absorption-type company split (hereinafter referred to as the "Company Split"), thereafter, (ii) SDMC shall transfer all shares of NewCo and the directly or indirectly owned shares of Energy System Service Japan Co., Ltd., CSB Energy Technology Co., Ltd., Siam Magi Co., Ltd., Thai Energy Storage Technology Public Company Limited, Thai Nonferrous Metal Co., Ltd., 3K Products Company Limited, and Power Plas Company Limited to Sustainable Battery Solutions, Inc. (hereinafter referred to as "SBS"),...

JCN Newswire

“Booking Car”, A Cloud Service for Company Cars, Launched at Toyota Dealers and Toyota Rental & Lease Agencies in Japan

ruth 1 7 月

2 minutes

Toyota City, Japan, Jul 1, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (Toyota) today announced that Toyota dealers and Toyota rental & lease agencies in Japan have begun accepting applications for "Booking Car," a cloud service developed by Toyota Mobility Service Corporation for corporate customers nationwide who use company cars. Since the launch of this service at TMS in November 2020, we have received requests from all over the country to introduce and handle this service, which led to its nationwide expansion. We have received inquiries from about 200 companies, and have received high praise from customers who have already introduced the service.The service has the following two featuresThe first is to improve the efficiency of company car management by making it possible to make reservations and use company cars easily using smartphones and other devices. The second is to use the framework of a "shared use agreement"* to enable the sharing of company vehicles for private use by employees during holidays and nighttime hours when they are not used for business, and to rent them out to employees at low cost, thereby reducing vehicle costs and providin...

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