ACN Newswire
Read More

Legend Capital Portfolio Company Giant Biogene Successfully Lists on the HKEX

indie
4 minutes

HONG KONG, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - On November 4, 2022, Legend Capital portfolio company Giant Biogene (2367.HK) was successfully listed on the main board of the Hong Kong Stock Exchange. The number of Giant Biogene's offer shares under the global offering is 22,608,800 shares at an issue price of HK$24.3 per share, which includes 2,261,200 Hong Kong offering shares, 20,347,600 international offering shares, as well as a 15% over-allotment option.Giant Biogene is a leader in the bioactive ingredient-based professional skin treatment product industry in China and the first company in the world to successfully develop and industrialize recombinant collagen skin treatment products. Giant Biogene has been the largest collagen-based professional skin treatment product company by retail sales in China for the latest three consecutive years since 2019. According to Frost & Sullivan, Giant Biogene was the second-largest professional skin treatment product company in China in 2021, and its Collgene and Comfy, the flagship brands of recombinant collagen-based products, were the third and the fourth best-selling professional skin treatment brands, respectively. Gi...

ACN Newswire

Giant Biogene has Entered Offering Stage: China’s Leading Skin Treatment Company with Annual Profits of More Than RMB800 Million

indie
4 minutes

HONG KONG, Oct 26, 2022 - (ACN Newswire via SEAPRWire.com) - With the improvement of people's consumption level and the change in consumption concept, beauty and skincare have become a daily necessity, and the beauty and health industry has ushered in a stage of rapid development. Especially in recent years, many local Chinese brands have rapidly emerged as popular brands among young consumers.Among them, Giant Biogene is a leader in the bioactive ingredient-based professional skin treatment product industry in China and is the second-largest professional skin treatment product company in China in terms of retail sales in 2021. The Company has officially entered the offering stage in the Hong Kong stock market, adding another high-quality investment target in the biotechnology field, and being the first listed company in collagen.Proprietary recombinant collagen technology builds core strengths with strong performance growthIn the field of skincare, collagen has been expanding its market share due to its favourable skin regeneration and anti-aging properties. Due to the obvious advantages of recombinant collagen over animal-derived collagen, the market size of functional skincare p...

SeaPRwire
Read More

Giant panda cub turns 100 days old, expected to join public exhibit early next year

aseanpr
3 minutes

SINGAPORE - The Republic's first giant panda cub may welcome his fans soon as the tiny tot takes his first steps at the River Safari and will cross his 100-day milestone on Nov 21. Guests can look forward to catching sneak peeks of the cub at the Giant Panda Forest exhibit over the coming weeks before he joins his mother in her public exhibit early next year. Weighing a little over 6kg - 30 times his body weight when he was born - and measuring 67cm, the cub has been showing off his crawl-walking skills to his handlers. In a statement on Friday (Nov 19), Mandai Wildlife Group (MWG) said the cub's mother Jia Jia "has made great strides in providing exemplary care and protection for her newborn" during the first few months of his life. The panda cub's name will be jointly revealed by Singapore and China next month. MWG thanked the public for helping with naming the new cub, after it received more than 64,000 suggestions. Giant panda cub nears 100th day, takes first steps MWG chief executive Mike Barclay said: "Together with our panda care team, we are overjoyed to be approaching the 100th day since Jia Jia gave birth to our little miracle cub at River Wonders. We are honoured to have...

SeaPRwire

Giant panda cub gets new teeth at 2 months old, may start eating bamboo earlier than expected

aseanpr
2 minutes

SINGAPORE - The Republic's first giant panda cub might be chomping on bamboo soon, with the little one sporting six teeth now. Carers of the 56-day-old cub spotted the first four teeth in its lower jaw on Sept 23, with two more emerging 10 days later. The appearance of teeth at around two months is earlier than expected as baby pandas usually start teething when they are about three months old, said Wildlife Reserves Singapore in a statement on Friday (Oct 8). The cubs normally start attempting to chew on bamboo at the age of about seven months. The male firstborn of River Safari residents Kai Kai and Jia Jia is also growing fast, gaining nearly 0.5kg in only one week to weigh in at just over 3kg currently. The cub, which is yet to be named, measured 51.5cm from head to tail on Oct 6, the first time that its length was recorded. Kai Kai, 14, and Jia Jia, 13, arrived in Singapore from China in 2012 under a 10-year loan from the Chinese authorities. They began mating in 2015 but had failed to conceive over the years. Giant pandas are notoriously difficult to breed in captivity, in part due to the narrow window for conception. The long-awaited birth on Aug 14 came after the giant pand...

SeaPRwire
Read More

First giant panda cub born in S’pore is a boy; public can submit names until Sept 19

aseanpr
5 minutes

SINGAPORE - The first-ever cub born in Singapore to giant pandas Kai Kai and Jia Jia is a healthy baby boy. The panda cub was born on Aug 14 at the River Safari after seven attempts by its parents to conceive. Wildlife Reserves Singapore (WRS) said on Friday (Sept 10) that its panda care team determined the cub's gender through a series of visual assessments. The WRS team, led by animal care officer Trisha Tay Ting Ni, subsequently confirmed that the baby panda was male after consulting a team of experts from the China Conservation and Research Centre for Giant Panda (CCRCGP). The CCRCGP experts examined a series of photos and videos that were shared by the WRS panda care team and gave their feedback. Dr Cheng Wen-Haur, deputy chief executive officer and chief life sciences officer at WRS, said the cub's mother, 12-year-old Jia Jia, has exceeded all expectations in caring for her cub. Dr Cheng said: "The panda care team has decided to allow this period of maternal care to continue for as long as possible for the duo to strengthen their bond. While supporting Jia Jia's care of the cub, we were able to determine the cub's gender through close visual observation and will only retrieve...

SeaPRwire

Xin Xin and Le Le among names suggested by ST readers for first panda cub born in S’pore

aseanpr
3 minutes

SINGAPORE - Xin Xin and Le Le are among the popular names suggested by netizens for the first panda cub to be born in Singapore. The Straits Times asked on Facebook for suggestions of a name for the newborn panda, and netizens responded. Xin Xin refers to heart in Mandarin, or alludes to Singapore. Some netizens also spelt it as Xing Xing or Sing Sing, which would mean stars. Le Le refers to joy. Said Facebook user Yvonne Chua: "Since the mum's name starts with 'J' and the dad's name 'K', their junior (should) start with 'L'." The panda cub was born to parents Kai Kai and Jia Jia at the River Safari at about 7.50am on Saturday (Aug 14). Other name suggestions included Xi Wang (hope in Mandarin), An An (peace) and Kang Kang (health). En En, which refers to gratitude in Mandarin, was another idea. Facebook user Celia Chong, who suggested it, said: “Gratitude to the animal care team that helped Jia Jia during (her) pregnancy period in Singapore.” Qi Qi, referring to the number seven in Mandarin, was suggested by Facebook user Derek Lee, who pointed out that the cub was born on the seventh day of the seventh month of the lunar calendar. It also happened to be during the giant pandas' s...

SeaPRwire
Read More

Singapore gets first panda cub, born to Kai Kai and Jia Jia at River Safari

aseanpr
4 minutes

SINGAPORE - The nation’s first panda cub was born on Saturday (Aug 14) at the River Safari at about 7.50am, to parents Kai Kai and Jia Jia. In a statement on Sunday, Wildlife Reserves Singapore called the birth "a joyful boost to the ongoing National Day celebrations this year", adding that the panda cub's gender is yet to be determined and will be announced later. Meanwhile, mother Jia Jia and her cub are in an off-exhibit den to give them time to nurse and bond, it said. The successful birth comes after the giant pandas’ seventh breeding season. They began mating in 2015. Giant pandas are notoriously difficult to breed in captivity, in part due to the narrow window for conception. Females like Jia Jia ovulate only once a year, and her fertility also peaks for just 24 to 36 hours. WRS said 13-year-old Kai Kai and 12-year-old Jia Jia displayed signs of being in heat in April this year. It added that its animal care team was optimistic that the pandas would naturally breed this year, as the pair had shown improvements in their mating techniques the year before. Experts from the China Conservation and Research Centre for Giant Panda (CCRCGP)advised WRS vets to perform artificial inse...

SeaPRwire

Intel in talks to buy chip giant GlobalFoundries for about $40.6 billion: WSJ

elean
2 minutes

BENGALURU (REUTERS) - Intel Corp is in talks to buy chip giant GlobalFoundries, a big investor in Singapore manufacturing, for about US$30 billion (S$40.6 billion), the Wall Street Journal reported on Thursday (July 15). Any deal talks do not appear to include GlobalFoundries directly, as a spokesman for the company told WSJ it was not in discussions with Intel, according to the report, which cited sources familiar with the matter. The talks come as a semiconductor shortage is hobbling industries around the globe. A deal could help Intel ramp up production of chips at a time demand is at its peak and the company is looking to start producing chips for carmakers that have struggled to keep operations running due to severe shortages. Intel, one of the last companies in the semiconductor industry that both designs and manufactures its own chips, said earlier this year it would expand its advanced chip manufacturing capacity by spending as much as US$20 billion to invest in factories in the United States. Intel said it intended to open its factories to outside chip designers, as it competes with Taiwan’s Semiconductor Manufacturing Co and Korea’s Samsung Electronics. GlobalFoundries, w...

SeaPRwire

China’s ride-hailing giant Didi seeks up to $5.4 billion in US IPO

elean
4 minutes

HONG KONG (BLOOMBERG) - Chinese ride-hailing giant Didi Chuxing is looking to raise as much as US$4 billion (S$5.4 billion) in one of the biggest United States initial public offerings (IPOs) of the past decade. Didi, which is one of the largest investments in SoftBank Group's portfolio, is marketing 288 million American depositary shares (ADSs) for US$13 to US$14 apiece, according to a filing on Thursday (June 24) with the US Securities and Exchange Commission. Affiliates of Morgan Stanley as well as Singapore's Temasek Holdings have agreed to purchase US$1.25 billion of ADSs in the offering, according to Thurday's filing. At the top of the range, the company would have a market value of more than US$60 billion based on the outstanding shares listed in the filing. That is at the lower end of a range that had stretched up to US$100 billion, Bloomberg News reported in April, suggesting investors baulked at the price tag. The same happened with US ride-hailing giant Uber Technologies, which achieved a US$75.5 billion valuation in its 2019 IPO, well below the US$120 billion that had been touted a year earlier. Uber now has a valuation of almost US$95 billion. Didi, whose shares had re...

SeaPRwire

Didi duo set for billion dollar fortunes on ride-hailing IPO

elean
6 minutes

HONG KONG (BLOOMBERG) - Cheng Wei, the co-founder of Chinese ride-hailing giant Didi, is poised to shoot up the ranks of the super-wealthy when his firm lists shares in the US. The company under the business name Xiaoju Kuaizhi Inc, revealing that the Chinese entrepreneur has a 7 per cent stake. With Didi reportedly trading at a valuation of about US$95 billion (S$126 billion) in the secondary market in recent months, that shareholding could be worth as much as US$6.7 billion, according to the Bloomberg Billionaires Index. Jean Liu, a co-founder and Didi's president, owns a 1.7 per cent slice that could be worth US$1.6 billion. Eight other executives collectively hold about 1.8 per cent of the company, which translates to a total US$1.7 billion hoard. It's the latest example of ride-hailing riches being minted in Asia as companies backed by Masayoshi Son's SoftBank Group prepare to go public. Singapore-based Grab Holdings is poised to merge with a special purpose acquisition company, while Indonesia's GoTo Group is pursuing a listing by the end of the year. "Ride mobility is one of the most significant growth industries in Asia," said Gary Dugan, chief executive officer of the Glob...

SeaPRwire
Read More

Tech giant Sea makes big strides as it takes on digital banking

elean
1 minute

SINGAPORE - Singapore-based technology giant Sea, which owns e-commerce platform Shopee, has rapidly grown to become South-east Asia's most valuable company and one of the region's largest tech players over the past year. Group chief executive and founder Forrest Li was named Businessman of the Year at the Singapore Business Awards last month - testament to the plucky firm's transformation since its scrappy start in 2009. 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.