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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 ...

Alpha DX Group Completes Acquisition of DiDi Academy

indie 14 9 月

4 minutes

Singapore, Sep 14, 2021 - (ACN Newswire via SEAPRWire.com) - Alpha DX Group Limited, ("Alpha DX", the "Company" and together with its subsidiaries, the "Group"), a premier learning and education solution company, is pleased to announce that it completed the acquisition of DiDi Academy as approved by the Company's shareholders via an EGM held on 8 September 2021. Separately, under the Addendum to the MOU ("Addedum"), DiDi Academy has been appointed as a service provider in "Next Generation" University - the Asnaro University of Uzbekistan ("PROJECT ASNARO"), the project Alpha DX entered into a memorandum of understanding ("MOU") with the Republic of Uzbekistan (Ministry of Higher Education and Secondary Specialized Education of Uzbekistan) ("Uzbek MHSSE") to build and operate together, as previously announced.Furthermore, DiDi Academy will also develop collaborations and partnerships between Universities in Uzbekistan and Universities in Japan to facilitate various joint programs, including but not limited to, such as student exchange programs and joint degree programs among partner Universities in both countries.Subject to the entry of binding agreements, Didi Academy is expected t...

Mitsubishi Heavy Industries and Osaka Gas Acquire Clean Energy Solution, Brighter Future Solar Project

ruth 13 9 月

3 minutes

TOKYO, Sep 13, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries (MHI) Group in partnership with Osaka Gas USA has purchased equity interest in the Brighter Future Solar Farm from project developer Oriden, an MHI Group company. The solar photovoltaic (PV) project will provide 11 megawatts of clean power for Blue Ridge Energy in North Carolina, United States. Following project completion, Mitsubishi Heavy Industries America, Inc. (MHIA) and Osaka Gas USA will manage day-to-day operations.The solar power plant currently under constructionMHI Group is committed to building an innovative solutions ecosystem to realize a carbon neutral future. The global company identifies investment opportunities in carbon reduction projects and climate tech start-ups to accelerate its energy transition activities.The Brighter Future Solar project aligns with that goal. It will generate and send 19,000 megawatt hours of carbon-free electricity into the grid annually. The project will enable Blue Ridge Energy to work toward its low cost, low carbon future that has two significant carbon reduction targets: to achieve 50 percent reduction in carbon emissions from 2005 levels by 2030 an...

China plans to break up Ant’s Alipay

elean 13 9 月

2 minutes

BEIJING (REUTERS) - Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma's Ant Group, and create a separate app for the company's highly profitable loans business, the Financial Times reported on Sunday. The plan will also see Ant turn over the user data that underpins its lending decisions to a new credit scoring joint-venture, which will be partly state-owned, the newspaper reported, citing two people familiar with the process. State-backed firms are set to take a sizeable stake in Ant's credit-scoring joint venture for the first time, three people told Reuters last week. The partners plan to establish a personal credit-scoring firm wherein Ant and Zhejiang Tourism Investment Group Co Ltd will each own 35 per cent of the venture, while other state-backed partners, Hangzhou Finance and Investment Group and Zhejiang Electronic Port, will each hold slightly more than 5 per cent, said one of the people. According to the FT report, Ant will not be China's only online lender affected by the new rules. The company did not immediately respond to a Reuters' request for a comment. In April, Chinese regulators asked Ant to conduct a sweeping business overhaul, ...

ATAL Training Centre Officially Opens in Hong Kong

indie 7 9 月

5 minutes

HONG KONG, Sep 7, 2021 - (ACN Newswire via SEAPRWire.com) - Analogue Holdings Limited (stock code: 1977) together with its subsidiaries (referred to as "ATAL Engineering Group", "ATAL" or the "Group"), a leading electrical and mechanical ("E&M") engineering service provider in Hong Kong, is pleased to announce the official opening of its ATAL Training Centre ("ATC"). With a floor area of over 3,500 sq. ft., ATC not only provides a dedicated training space for its staff, but also employs innovative technologies, including Internet of Things (IoT) and Virtual Reality (VR), in its training programmes to improve learning efficiency. Colleagues are able to enhance their skills and knowledge for their professions and career development or familiarise themselves with the operation and maintenance of various E&M facilities in the well-equipped training centre through various training programmes. This is part of the Group's aim to enhance the professional skills of staff, and nurture more outstanding talent for the Group and the engineering industry.ATC officially opens to provide a dedicated training space to its employees.An experience zone showcasing the Group's innovative techno...

Alpha DX Advancing on its First Public-Private Partnership in Digital Learning & Education with Uzbekistan

indie 1 9 月

5 minutes

Singapore, Sep 1, 2021 - (ACN Newswire via SEAPRWire.com) - Alpha DX Group Limited, ("Alpha DX", the "Company" and together with its subsidiaries, the "Group"), a premier learning and education solution company, is pleased to provide updates on the Group's first public-private partnership ("PPPs") in digital learning and education. Previously on 26 August 2021, the Group has entered into a Memorandum of Understanding ("MOU") with the Ministry of Higher and Secondary-Specialized Education ("MHSSE") of the Republic of Uzbekistan ("Uzbekistan") that encompass various joint ventures, collaborations and key deliverables in relation to AUU. As such, the Company has announced that its subsidiary, ZioNext Pte. Ltd., will develop and implement the next generation ubiquitous learning platform for AUU.Under the MOU, Alpha and MHSSE will also establish a joint venture with the primary purpose of establishing and managing the AUU, a next generation University that will be fully integrated with the ubiquitous learning platform developed by Alpha DX's subsidiaries. PPPs are widespread in both developing and developed countries and governments often see PPPs as a way of improving quality, access o...

ZALL Smart Commerce Group (2098.HK) increased revenue by 40.3% in 1H2021, aims for RMB100 billion on year

indie 1 9 月

7 minutes

SINGAPORE, Sep 1, 2021 - (ACN Newswire via SEAPRWire.com) - ZALL Smart Commerce Group (ZALL; 2098.HK), Asia's largest B2B e-commerce group, today announced its results for the first half 2021 (January 1 - June 30, 2021). ZALL's revenue rose by 40.3 per cent year-on-year to RMB 50.16 billion (US$7.76 billion), on the back of stronger Group operating capacity. Gross profit rose to RMB 607 million (US$93.96 million), an increase of 8.1 per cent year-on-year, and profitability remained stable.Revenues from ZALL's offline wholesale markets and online Industrial Internet platforms such as Shenzhen Sinoagri, ZALL Steel, and Huasuhui steadily increased, benefitting from the gradual increase of services in ZALL's ecosystem, spanning wholesale trade markets, agriculture, steel, plastics and chemicals and other industries. Supply chain services such as finance, warehousing, and logistics also continued to empower upstream and downstream customers in the industry value-chain, laying a solid foundation for rapid growth.Previously, ZALL embarked on a new strategic rebrand and is committed to becoming the world's largest digital trade platform. The Group looks to incorporate "New Trading Methods"...

Malaysia’s Carsome eyes US IPO as it hits $1.75 billion valuation

elean 1 9 月

2 minutes

SINGAPORE (REUTERS) - South-east Asian used-car marketplace Carsome Group said it has raised US$170 million (S$228.6 million) in a funding round from investors including Taiwanese chipmaker MediaTek, cementing its position as Malaysia's largest tech unicorn, valued at US$1.3 billion (S$1.75 billion). The valuation comes as South-east Asian start-ups are attracting strong interest from regional and global funds, driven by robust growth rates, as investors take bets on post-pandemic plays. "The most important thing we are trying to tackle is the distrust that's associated with the used-car industry," said Carsome's co-founder and chief executive, Eric Cheng, adding that consumers were becoming more open to buying cars online during lockdowns imposed in countries over the past year. Six-year-old Carsome's competitors include Singapore's Carro and Indonesia's OLX Auto, part of OLX Group, which runs global trading platforms. Mr Cheng said Carsome, which also operates in Indonesia, Thailand and Singapore, has been ramping up its retail centres and expanding its offerings, which include a five-day refund policy and a one-year warranty. Carsome is looking to almost treble its revenue to ne...

iDreamSky Announces 2021 Interim Results

indie 31 8 月

8 minutes

HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - iDreamSky Technology Holdings Limited ("iDreamSky", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 1119.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 ("the Reporting Period").During the Reporting Period, since the Group has stepwise terminated games that were no longer in line with the strategy for its gaming business, revenue decreased by approximately 14.1% to RMB1,367.1 million. Furthermore, the Group enhanced its game development capabilities and strived to improve and perfect user service management, while increasing the investment in research and development ("R&D") of offline entertainment business. R&D expenses during the Reporting Period increased by 45.4% compared to the same period of previous year. The Group recorded a net loss of RMB68.0 million (1H2020: net profit of RMB147.9 million), and an adjusted net profit of RMB14.0 million (1H2020: RMB215.4 million). The Board of Directors did not recommend the distribution of interim dividend. Mr. Chen Xiangyu, Chairman and Executive Director of iDreamSky Technology Holdings Limited...

Far East Horizon Announces 2021 Interim Results

indie 31 8 月

5 minutes

HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - Far East Horizon Limited ("Far East Horizon" or "the Group", Stock Code: 03360.HK), a leading financial services and industrial group in China, today announced its interim results for the six months ended 30 June 2021 (the "Review Period").Financial ReviewIn the first half of 2021, against the backdrop of the continuous evolution of the COVID-19 on a global scale, as well as the more complex and severe external environment, the quality and efficiency of the proactive fiscal policy of China improved, the economy recovered in a remarkable fashion. In the face of the complex and difficult external environment, the Group adhered to its original aspiration and followed its development vision of "vigorously building excellent enterprises", performance remained stable and healthy. During the Review Period, the Group realized revenue of RMB16.18 billion, representing an increase of 21.91% year-on-year ("YoY"). Among which, the financial and advisory segment remained stable overall with a slight increase. The industrial operation segment continued to record substantial growth with the quality of assets continued to be further opti...

VC Holdings Announces 2021 Interim Results

indie 31 8 月

4 minutes

HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - Value Convergence Holdings Limited ("VC Holdings", together with its subsidiaries, the "Group"; Stock Code: 0821.HK), a well-established and one- stop financial services institution in Hong Kong, is pleased to announce its interim results for the six months ended 30 June 2021 ( the "Reporting Period").During the Reporting Period, the Group successfully achieved a business turnaround, with its total revenue significantly increasing by 35.6% to approximately HK$37.8 million as at 30 June 2021 (1H2020: HK$27.9 million). The Group recorded a profit attributable to owners of the Company of approximately HK$ 101.1 million for the Reporting Period as compared to that of a loss of approximately HK$54.8 million for the same period last year. Basic earnings per share were HK5.93 cents (1H2020: Basic loss per share of HK4.45 cents).Mr. Peter Fu, Chairman and Executive Director of Value Convergence Holdings Limited, said, "VC Holdings has always been dedicated to offering premier financial services and products that fulfil various investment and wealth management needs of clients in the Great China region. Benefiting from the outperf...

Honghua Group Announces 2021 Interim Results

indie 31 8 月

6 minutes

HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - The world's leading onshore oil rig supplier Honghua Group Limited (Ticker: 196.HK, "Honghua" or "the Company") today announced unaudited consolidated interim results for the six months ending on 30 June 2021 ("the period").In the first half of 2021, oil and gas companies were reluctant to increase upstream investment despite the gradual increase in oil prices, and capital expenditure did not return to the pre-pandemic level. As a result, it takes a while for overseas sales of drilling rigs and other equipment to recover. During the period, the Company's revenue decreased 14.1% year-over-year from RMB1.807 billion to RMB1.552 billion in the first half of 2021. Gross profit was approximately RMB318 million, representing a decrease of 47.6% from RMB608 million for the same period last year. The loss attributable to shareholders of the company was approximately RMB73 million.Oil and gas engineering services expanded with remarkable overseas business growthHonghua began to provide oil and gas engineering services in Middle East in 2012, and Honghua oil service team HH029 became the only operation team in Zubair oil field that...

Nissin Foods Announces 2021 Interim Results

indie 30 8 月

7 minutes

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited (the "Company" or "Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2021 ("the reporting period"). The PRC operations continued to perform well during the reporting period, while the Hong Kong operations were hard-hit by the high-base effect benefiting from the "stay-at-home" economy last year. Accordingly, the Group recorded a revenue of HK$1,853.8 million, representing a 6.8% growth year-on-year (2020: HK$1,735.4 million). It is primarily attributable to continuous revenue growth in the PRC operations, offset by the decrease in consumption in the Hong Kong operations. Gross profit was HK$592.3 million (2020: HK$588.0 million) with gross profit margin of 31.9% (2020: 33.9%), mainly attributed to the surge in raw materials prices, the decline in revenue from the Hong Kong operations and the lower contribution from the joint venture distribution business in Shanghai in the first year of its operations. The Group's EBITDA was HK$281.3 million (2020: HK$310.7 million), representing an EBITDA ...

EEKA Fashion Announces 2021 Interim Results, Record-Breaking Sales and Profit Growth Driven by Multi-Brand Strategy

indie 30 8 月

4 minutes

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - EEKA Fashion Holdings Limited (Ticker: 3709.HK, "EEKA" or "the Group") announced unaudited consolidated interim results for the six months ending on 30 June 2021 ("the period").In the first half of 2021, the Group's revenue increased 53.7% year-on-year to RMB3.08 billion. Gross profit was RMB2.26 billion, representing an increase of 53.3%. The gross profit rate was 73.5%. Net profit increased by 134.2% to RMB280 million (net profit was RMB330 million excluding share award scheme fees).Operational SummaryDuring the period, the Group recorded strong revenue growth by improving the operations of its offline retail channels and online e-commerce platforms. In terms of offline sales, the Group leveraged its retail channels, and achieved sales of RMB2.44 billion from its 1,490 retail stores in the first half of 2021. As for online sales, the Group has enhanced the operation of multi-e-commerce platforms, with Tmall, VIP.com and EEKA Fashion Mall as the key sales drivers. The revenue of e-commerce platforms increased by 41.7% to RMB386 million during the period, and the proportion of the Group's total revenue is increasing stead...

China Risun’s 2021 Interim Profit Attributable to Owners Surges 381.7% to RMB1.69 billion

indie 30 8 月

6 minutes

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), the world's largest independent producer and supplier of coke and a leading refined chemicals producer and supplier together with relevant operation management services provider in China, has announced its interim results for the six months ended 30 June 2021 ("the Reporting Period"). Profitability increased significantly with profit attributable to owners surging 381.7% to RMB1.69 billion, achieving an outstanding performance approaching the level of the full-year profit in 2020.In 2021, the Group has remained on its track in growth and expansion from last year, through expansion of self-production, provision of operation management services together with the formation and acquisition of different entities. Revenue for the six months ended 30 June 2021 was RMB18 billion, representing an increase of 121% period-on-period and gross profit margin increased from 14% in 2020 to 18% in 2021. Net profit margin rose significantly to 9%. Basic earnings per share of the Group was RMB40.79 cents, representing an increase of approximately 375% as compared w...

Parent Company of GOGOX, Asia’s Leading Intra-city Technology Logistics Platform, Formally Submits Listing Application

indie 27 8 月

3 minutes

HONG KONG, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - The parent company ("the Group") of Asia's leading technology logistics platform GOGOX submitted its listing application in Hong Kong. The Group provides intra-city logistics services to individual shippers, SMEs and international corporations. It operates two major brands, namely, GOGOX for the Hong Kong and overseas markets, where it is the largest online intra-city logistics platform in Hong Kong , and Kuaigou Dache in mainland China, which is the second largest online intra-city logistics platform in the country . The Group operates in more than 340 cities across five countries and regions in Asia, namely mainland China, Hong Kong, Singapore, Korea and India.The Group disrupts the traditional logistics industry with innovative technologies and is committed to providing technology-powered and user-centric logistics solutions, and promoting industry transparency, trust and efficiency. As of April 30, 2021, its logistics platform has approximately 24.8 million registered shippers and 4.5 million registered drivers. From January 1, 2018 to April 30, 2021, the Gross Transaction Value (GTV) of the platform reached RMB 10.2 ...

Mobility Leaders, Disruptors, Stakeholders and Partners to Re-imagine the Future of Smart Mobility Across Asia

indie 27 8 月

4 minutes

Singapore, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - On 7-9 September 2021, MOVE Asia brings together those driving change in urban mobility across Asia to explore the opportunities, strategies and developments to fast-track smart mobility across Asia. Over the three days, over 130 expert speakers from across the region will be discussing and debating topics on MaaS, electric vehicles, city freight, smart cities, energy, charging, and battery tech. Opening the event on day one, Michael Lohscheller, Global CEO, VinFast and Isao Sekiguchi, Regional Vice President, ASEAN, Nissan Motor will envision the Smart Mobility on their respective keynotes. Leaders from BCG Digital Ventures, Eurazeo, Momentum Ventures and VentureTECH will then take over with their keynote panel on Accelerating the investment for a greener transportation systemHeadlining second day of the event are Andy Palmer, President and Group Chief Executive Officer of Switch Mobility, Amr Adel, Senior Vice President, Mobility East of Shell, Pradeep Parameswaran, President of Uber Mobility, APAC and Tom Elvidge, SVP Vehicle Programmes of Arrival who will be sharing about how they are leading their organisations towar...

Universal Medical Announces 2021 Interim Results

indie 27 8 月

8 minutes

HONG KONG, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - The board (the "Board") of directors (the "Directors") of Genertec Universal Medical Group Company Limited (the "Company" or "Universal Medical"; Stock code: 2666.HK) is pleased to announce the unaudited interim results of the Company and its subsidiaries (together, the "Group") for the six months ended 30 June 2021 (the "Reporting Period"). In the first half of 2021, facing the complex and everchanging economic circumstances at home and abroad, the Group continued to consolidate the foundation of finance business, steadily promoted the medical business development, and achieved steady progress in operating performance. 2021 INTERIM RESULTS HIGHLIGHTS-- For the six months ended 30 June 2021, the revenue amounted to approximately RMB5,007.5 million, representing an increase of 24.4% as compared with that of approximately RMB4,024.2 million for the corresponding period of 2020.-- For the six months ended 30 June 2021, the profit for the period amounted to approximately RMB1,125.5 million, representing an increase of 30.7% as compared with that of approximately RMB861.0 million for the corresponding period of 2020. -- For th...

Tai Hing Announces 2021 Interim Results

indie 27 8 月

9 minutes

HONG KONG, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - Tai Hing Group Holdings Limited ("Tai Hing Group" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 220 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its interim results for the six months ended 30 June 2021 ("1H2021" or the "Review Period").RESULTS HIGHLIGHTS-- Revenue increased by 16.4% to HK$1,532.7 million in 1H2021 (1H2020: HK$1,316.9 million) though both markets in Hong Kong and Mainland China still saw challenges in the first half of the year Revenue from major operations in Hong Kong, Macau and Taiwan up 3.7% to HK$1,177.1 million Mainland China delivered a strong revenue rebound to HK$355.6 million, increased by 96.0%-- Gross profit and gross profit margin improved to HK$1,100.9 million (1H2020: HK$928.4 million) and 71.8% (1H2020: 70.5%) respectively-- Profit for the period attributable to owners of the Company increased significantly by 297.9% to HK$33.4 million in 1H2021 (1H2020: HK$8.4 million) -- Recommended an interim dividend of HK2.50 cents per share (1H2020: HK1.30 cents per share), represen...

Dexin China Announces 2021 Interim Revenue Up 68.5% to RMB13,071.0 Million

indie 26 8 月

4 minutes

HONG KONG, Aug 26, 2021 - (ACN Newswire via SEAPRWire.com) - Dexin China Holdings Company Limited ("Dexin China" or the "Company"; stock code: 2019) has announced its unaudited interim results for the six months ended 30 June 2021. Improved Revenue Scale and ProfitabilityIn the first half of 2021, the Group has insisted on optimizing and diversifying its business development strategy, constantly improving its corporate strength. As a result, the Group further improved its revenue scale and profitability, achieving total revenue of RMB13,071.0 million and gross profit of RMB2,850.1 million, a period-on-period growth of 68.5% and 37.7% respectively, with a core profit up 15.0% to RMB2,084.0 million. The sales performance is also excellent, achieving half-year full-caliber sales of RMB43,030.0 million, a period-on-period increase of nearly 67.4%, reflecting the market's high recognition of the products and services of the Group.In terms of expansion of land reserve, in the first half of 2021, the Group acquired an increased total gross floor area ("GFA") of approximately 4.93 million sq.m. and 75% were located in first - and second-tier cities. As of 30 June 2021, the Group operated a...

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