ACN Newswire
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SF Intra-City’s H share full circulation expected to complete 78.95 million unlisted domestic shares to be listed on 7 February

indie
3 minutes

HONG KONG, Feb 3, 2023 - (ACN Newswire via SEAPRWire.com) - Hangzhou SF Intra-City Industrial Co., Ltd. ("SF Intra-City" or the "Company", together with its subsidiaries the "Group"; stock code: 9699), the largest third-party on-demand delivery service platform in China(1), announced today that based on the current timetable, which is subject to adjustment, the conversion of 78,947,684 unlisted domestic shares of the Company into H shares is expected to be completed on 6 February 2023, and that the listing of the Converted H Shares on the Stock Exchange will commence at 9:00 a.m. on 7 February 2023.Upon completion of the conversion and listing, the Company's total number of H shares will be increased from 231,341,342 to 310,289,026, representing an increase in the approximate percentage of issued H shares from 24.78% to 33.24% of the Company's total number of shares.The Company expects H share full circulation to increase trading volume in the Company's shares, boost liquidity and improve the turnover rate, further improve the Company's corporate governance structure, enhance the Company's capital market performance and strengthen investors' focus on the Company's value proposition...

SeaPRwire

How some companies gained from work from home

elean
1 minute

(BLOOMBERG) - Mr Jon-Michial Carter was the biggest sceptic of remote work when one of his managers suggested they test the idea in 2019. "We had a 100,000 sq ft facility full of clinicians delivering remote virtual care," said the founder and chief executive of ChartSpan, a chronic-care provider based in South Carolina. "It seemed inconceivable that we could send them home." 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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CEKD Posts 7.1% Increase in Full-Year Revenue to RM28.23 Million

indie
3 minutes

KUALA LUMPUR, Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - CEKD Berhad ("CEKD" or the "Group", Stock Code: 0238), a die-cutting solutions provider has announced that the Company posted an increase of 7.1% full year revenue to RM28.23 million despite posting a decrease of 16.2% in revenue of RM5.77 million for the fourth quarter ended 31 August 2021 ("4Q2021"), in comparison with the revenue of RM6.88 million in the corresponding quarter of 2020 mainly due to lower orders from customers affected by the stricter nationwide lockdown from June to August 2021.Managing Director of CEKD, Ms. Yap Kai NingCEKD recorded an increase of 7.4% in full year profit before tax ("PBT") of RM8.54 million despite registering a PBT of RM1.47 million for 4Q2021, which is 28.7% lower than the PBT of RM2.06 million registered in the same quarter of 2020. CEKD recorded an increase of 4.3% in full year profit after tax ("PAT") while posting a 30.4% decline in PAT for 4Q2021 of RM1.09 million compared with the PAT of RM1.57 million in the corresponding quarter of last year. The Company, which listed on 29 September 2021 on the ACE Market of Bursa Malaysia, also incurred RM0.61 million for the full-year ...

SeaPRwire
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What digital banks offer and how S’poreans can benefit

elean
3 minutes

Singapore will have four digital banks, with digital full bank licences going to the Grab-Singtel consortium and tech giant Sea. The Monetary Authority of Singapore also granted digital wholesale bank licences to Mr Jack Ma's Ant Group as well as a consortium comprising Greenland Financial Holdings, Linklogis Hong Kong and Beijing Co-operative Equity Investment Fund Management. This means that for the first time here, non-banks will be allowed to provide banking services. The eagerly awaited announcement, expected in June, was delayed after the assessment period for the award was extended due to Covid-19 pandemic. Q What is a digital full bank? A A digital full bank can serve both retail and corporate customers. Like any traditional bank, it can provide ordinary Singaporeans with banking services such as the opening of accounts, giving loans, issuing debit and credit cards and offering investment products. But all banking services will be carried out online, with the digital bank not having a physical branch or ATMs. This is different from traditional banks putting some banking services online via the Internet or mobile apps. Q What is a digital wholesale bank? A Such a bank will s...

SeaPRwire
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Hiring of 200 staff for Grab-Singtel bank under way

elean
2 minutes

A Grab-Singtel consortium, one of two successful applicants for a digital full bank licence, has already started hiring for around 200 positions in Singapore that it intends to fill by the end of next year. About 10 per cent to 15 per cent of the roles in banking, fintech and technology have been filled. Most of the roles will see new hires, although Singtel and Grab employees are welcome to join the new entity, the consortium's new chief executive Charles Wong, who was formerly Citigroup's retail banking head, said in a media briefing last night. The consortium said it will create more opportunities for Singaporeans to take on tech and fintech roles, and will equip them with skills in areas like cyber security. The new entity will begin with a focus on young professionals, managers, executives and technicians, gig workers and small businesses. It aims to enable them to easily access transparent financial services in their everyday activities, although it does not have concrete plans yet about its future services. Grab and Singtel formed the consortium in December last year. Grab owns 60 per cent of it, while Singtel holds the remaining stake. The consortium aims to formally launch...

SeaPRwire

Racial stereotyping may seem harmless, but it is a form of violence

aseanpr
1 minute

What do you do when a friend says something terrible? I was out for dinner recently when someone I have known for a long time dropped a bombshell during our conversation. She notes that she would know her child is in trouble if she finds herself in a class full of a certain race. 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.