Issuance of Shares and Unlisted Warrants to GCL Technology Chairman Zhu Gongshan was Formally Approved at HG Semiconductor’s Extraordinary General Meeting

indie 14 12 月

6 minutes

HONG KONG, Dec 13, 2022 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908. HK) announced that the resolution of the extraordinary general meeting was duly passed in relation to the investment agreement dated on 4 August 2022 (the "Investment Agreement"), which the Group entered into with Mr. Zhu Gongshan ("Mr. Zhu"), the Founder, Chairman and Executive Director of GCL Technology Holdings Limited (Stock code: 3800.HK; "GCL"), signifying that Mr. Zhu has officially become a major shareholder of the Group. Pursuant to the Investment Agreement, the Group has agreed to allot and issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription"). In view that the due diligence examinations have been completed, and that Mr. Zhu is reasonably satisfied with the results of the examinations, he will participate in the Shares Subscription and Warrants Subscription through his designated beneficially owned entity Profit Act Limited. The subscription shares and warrant shares shall be subject to a lock-up period of 18...

ACN Newswire

The best of the best real estate developers, projects prevail at 17th PropertyGuru Asia Property Awards Grand Final

indie 10 12 月

20 minutes

BANGKOK, THAILAND, Dec 10, 2022 - (ACN Newswire via SEAPRWire.com) - PropertyGuru Group (NYSE: PGRU), Southeast Asia's leading property technology company, today announced the regional winners representing the Best in Asia at the 17th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Leading Real Estate Companies of the World.-- New World Development Company Limited is hailed Best Developer (Asia) in one of two regional wins for companies from China (Hong Kong and Macau)-- Companies from Thailand and the Philippines each garner seven regional wins -- Candra Ciputra, CEO of Ciputra Group and president director of PT Ciputra Development Tbk, receives the PropertyGuru Icon awardAlso known as the finale of the 2022 PropertyGuru Asia Property Awards series, the Grand Final was presented in 48 categories at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. New World Development Company Limited garnered the award of Best Developer (Asia), representing China (Hong Kong and Macau). Along with the design practice Lead8, the company also received the Best Mega Mixed Use Development (Asia) award for 11 SKIES.Representing Mainland China, Lead8 addit...

ACN Newswire

Yew Lee Posts RM6.1 Million Revenue in 3Q

indie 30 11 月

2 minutes

KUALA LUMPUR, Nov 30, 2022 - (ACN Newswire via SEAPRWire.com) - Yew Lee Pacific Group Berhad, a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM6.10 million for the third quarter ended 30 September 2022 (3Q FY2022).Managing Director of Yew Lee, Mr. Ang Lee LeongThere are no comparisons on a year-over-year basis as the Group was listed on the ACE Market of Bursa Malaysia Securities Berhad on 7 June 2022.For the quarter under review, Yew Lee reported gross profit of RM2.12 million while registering profit before tax (PBT) of RM0.96 million and profit after tax of RM0.76 million. For the nine-month period ended 30 September 2022 (9M 2022), the Group registered RM24.35 million in revenue while recording a profit before tax of RM0.39 million and a loss after tax of RM0.41 million.Manufacturing activities contributed RM3.84 million to total revenue while trading activities contributed RM2.27 million in 3Q FY2022.Managing Director of Yew Lee, Mr. Ang Lee Leong said, "We continue to sustain and generate profit from our operations. It is worth noting that stripping the one-off listing expe...

ACN Newswire

GMEX Group Wins Best Development in FinTech of the Year

indie 28 11 月

3 minutes

LONDON, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - GMEX Group ('GMEX'), a leader in digital business and technology solutions for capital markets, is proud to announce that it has been awarded Best Development in FinTech of the Year by Crypto AM for its GMEX Pyctor institutional-grade digital assets technology. These coveted awards are judged by an independent, expert panel of industry leaders. GMEX competed with other finalists including Revolut to win.GMEX Pyctor ('Pyctor') was acquired earlier this year by GMEX after being successfully incubated in ING Neo's innovation lab. It has been jointly developed in collaboration with multiple blue-chip financial institutions (both asset managers and banks) and regulators. This leading fintech provides regulatory compliant digital assets network and digital custody technology, and is designed for firms operating in regulated environments. It offers highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains.GMEX Group is in its tenth anniversary year. While its business started in traditional finance, develop...

ACN Newswire

Tianda Pharma Announces 2022/23 Interim Results

indie 26 11 月

6 minutes

HONG KONG, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - Tianda Pharmaceuticals Limited ("Tianda Pharma" or "the Group"; stock code: 0455.HK) today announced its interim results for the six months ended 30 September 2022 ("the Period"). During the Period, the Group adopted proactive marketing strategy and improved its results notably. Its revenue increased by 5.6% to approximately HK$250 million. Gross profit rose by 10.2% to approximately HK$120 million and profit before taxation, depreciation and amortization turned around from loss of HK$6.9 million in the same period last year to profit of HK$2.3 million for the period. Recorded strong sales of core products and continued to optimize Chinese medicine business layoutThe Group has worked hard cultivating the cardiovascular, cerebrovascular and pediatric disease realms and owns unique generic product pipelines. Boasting notable efficacy and competitive price, Tuoping Valsartan capsules, the Group's core product for treating cardio-cerebrovascular disease, has been ranked the No. 1 best-selling product in its category in Mainland China since the success in securing first place in the nation's Centralized Drug Procurement. Durin...

ACN Newswire

China Wantian Holdings Completes the Acquisition of Domestic Fresh Food Supply Chain Service Provider

indie 25 11 月

5 minutes

HONG KONG, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - China Wantian Holdings Limited ("China Wantian Holdings"; together with its subsidiaries, the "Group"; stock code: 01854.HK) is pleased to announce that Great Point Limited ("Great Point"), the Group's direct wholly-owned subsidiary, has completed acquisition of Champion Point Limited ("Champion Point")'s subsidiary Shenzhen Wealth Source Trading Development Company Limited* ("Shenzhen Wealth Source", together with Champion Point, the "Target Group"), which is a domestic fresh food supply chain service provider in the PRC. It marks the Group's expansion of its fresh food ingredient business into the Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area") market. Upon the acquisition completion, the Target Group has become wholly-owned subsidiaries of the Group.The Target Group which the Group has acquired is principally engaged in the trading of live cattle, fruits, vegetables, seafoods and food ingredients in the PRC. Shenzhen Wealth Source is the operating subsidiary of the Target Group. It sources live cattle from Inner Mongolia and distributes them to slaughterhouses in the Greater Bay Area. It also suppli...

ACN Newswire

Lead ID of Kitchen Culture Writes to Shareholders Expressing Concerns About Major Shareholder OOWAY Group Which is Leading Second Attempt to Call for EGM To Remove 5 Directors

indie 23 11 月

7 minutes

SINGAPORE, Nov 23, 2022 - (ACN Newswire via SEAPRWire.com) - The Lead Independent Director ("Lead ID") of Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company"), in a letter to shareholders today, has expressed concerns about promises made to the Company by its largest shareholder, OOWAY Group Ltd. ("OOWAY"), which is leading a second attempt to remove 5 of 6 directors via an extraordinary general meeting ("Second Intended EGM").While Kitchen Culture's Board, acting on legal advice, has announced that the Second Intended EGM scheduled for this Friday is defective and invalid for non-compliance with the Companies Act 1967 and the Company's Constitution, Lead ID William Teo Choon Kow ("Mr Teo") said shareholders have raised concerns about OOWAY and have continued to seek answers about its promises to the Company.OOWAY and 7 individuals (the "Requisitioners") who own an aggregate of 21.71% of the Company's shares have made 2 attempts in recent weeks to remove Mr Teo and 4 others - Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Non-Independent Chairman), and IDs, Mr Ang Lian Kiat and Mr Peter Lim King Soon. The Requisitioners want to replace them with 5 ...

JCN Newswire

MHI: Joint Demonstration of Automated Picking Solution Launched in Collaboration with Kirin Group

ruth 21 11 月

3 minutes

TOKYO, Nov 21, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Logisnext Co., Ltd., a global player within MHI Group, engaged in logistic machinery and solution business, will launch joint demonstration of an automated picking solution for beverage warehouses in collaboration with Kirin Beverage Co., Ltd. and Kirin Group Logistics Co., Ltd. from the end of this month.The demonstration includes establishment and verification of MHI's automated picking system's operating processes at "LogiQ X Lab". The demonstration facility is located within Yokohama Hardtech Hub (YHH), a co-creation space operated by MHI in Yokohama. The ultimate aim is to install automated picking solutions(Note1) developed by MHI Group in beverage warehouses, which typically rely heavily on manual labor, placing a burden on logistics operators. The joint demonstration will continue through the end of June 2023.Until now, warehouse workers have borne the bulk of responsibility for pursuing increased efficiency in their picking operations. Going forward, with MHI Group's automated picking solutions, automation and intelligence can be introduced into the picking proce...

ACN Newswire

China Wantian Holdings Announces FY2022 Interim Results

indie 18 11 月

7 minutes

HONG KONG, Nov 18, 2022 - (ACN Newswire via SEAPRWire.com) - China Wantian Holdings Limited ("China Wantian Holdings" or the "Group"; stock code: 01854.HK) announces its unaudited interim results for the six months ended 30 September 2022 (the "Reporting Period"). Following the completion of the general offer in August 2021, the Group has officially stepped towards a new milestone by setting up business operation points in Shenzhen city and Zhongshan city, as well as establishing its headquarters in the Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area") to expand its business in the region. The year 2022 marks a new chapter for the Group, during which the Group doubles its effort to develop three main businesses including supply chain, catering, as well as environmental protection and technology, in the Greater Bay Area market.During the Reporting Period, China Wantian Holdings began to develop business in the Greater Bay Area, while maintaining its business in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It currently supplies in excess of 1,300 food ingredients to...

ACN Newswire

CR Pharmaceutical Becomes Constituent of MSCI China Index Once Again

indie 14 11 月

3 minutes

HONG KONG, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - China Resources Pharmaceutical Group Limited ("CR Pharmaceutical" or the "Group") (stock code: 3320) has announced that the Group will once again be included as a constituent stock of the MSCI China Index, which will become effective after the market close on 30 November 2022.The MSCI Indexes are key benchmarks for institutional investors investing in the global equity markets, and cover companies with positive operating performance and solid potential. The selected stocks must meet the market capitalization, liquidity and free-float requirements, and thus have a high reference value. The MSCI China Indexes consist of a range of country, composite and non-domestic indexes for the Chinese market, intended for both international and domestic investors, including Qualified Domestic Institutional Investors (QDII) and Qualified Foreign Institutional Investors (QFII) licensees. The indexes are calculated according to the MSCI Global Investable Market Indexes (GIMI) Methodology.The inclusion of the Group in the MSCI China Index reaffirms the market's recognition of the Group's business development. CR Pharmaceutical's share pric...

ACN Newswire

Alexander Bojer is appointed new CEO of Inacta AG as of January 2023

indie 9 11 月

3 minutes

ZUG, SWITZERLAND, Nov 8, 2022 - (ACN Newswire via SEAPRWire.com) - The Board of Directors of Inacta Group AG ("Inacta") has elected Alexander Bojer as a new member of Inacta's group management. He joins Ralf Glabischnig and Marco Bumbacher on the management team from 1 January 2023.Alexander BojerAs CEO of Inacta AG, Alexander will continue to drive forward Inacta's core operating businesses of consulting and product development. Ralf Glabischnig will focus on the further growth of Inacta Ventures and take care of the overall development of the group. Marco Bumbacher will continue to manage the corporate functions of the Inacta Group and act as COO of Inacta AG.Founded in 2009 by Marco Bumbacher and Ralf Glabischnig, Inacta AG is an expert partner for digital transformation and innovation. Leading Swiss companies rely on Inacta's digitalisation know-how and products. For the past five years, Inacta has additionally focussed on blockchain and related areas of innovation, where it plays a pioneering role.Inacta Ventures is the Inacta Group's own venture-building structure that identifies new business models, designs business models and transfers them into its own start-ups or joint v...

EQS Newswire

新火科技获英国保险巨头承保，进一步提高客户托管资产安全

eqs 3 11 月

1 minute

EQS 新闻 via SEAPRWire.com / 2022-11-03 / 12:02 UTC+8 新火科技获英国保险巨头承保，进一步提高客户托管资产安全【2022年11月3日，香港】新火科技控股有限公司（「新火科技」，股票代码：1611.HK）今日欣然宣布，旗下子公司新火信托有限公司（「新火信托」）获英国保险巨头伦敦劳合社（Lloyd's of London）旗下知名保险机构Arch Insurance Group Inc (“Arch Insurance”) 承保，为客户托管资产增加保险保障。作为合规的信托公司，新火信托持有香港信托或公司服务提供者（TCSP）牌照，并且十分重视客户资产安全。旗下托管服务由9年科技经验，零事故的安全技术团队打造，并斩获多项国际安全认证。但资产安全没有上限，保险对于保护投资者利益以及业务的长远健康发展至关重要。伦敦劳合社为英国最大保险组织，拥有200多年历史，业务遍及全球200多个国家。此次新火信托获其旗下辛迪加成员Arch Insurance担任承保人和管理人，为客户提供冷钱包保险服务。保险主要为客户在安全漏洞或黑客攻击，冷储存设施物理损坏等风险中加密资产损失提供保障。Arch Insurance作为伦敦劳合社的成员，是一家增长快速的保险公司，其计划于2022年在伦敦市场的20多条业务线上达到总保费达到20亿美元。保护客户资产安全，打造高效和专业的服务是新火科技一贯坚持的使命。此次获得承保有利于公司进一步提高保护客户资产安全性的标准，未来公司也将持续打磨服务，为客户提供更加全面的资产安全保护措施。关于新火科技新火科技控股有限公司（简称「新火科技」，股票代码：1611.HK）是领先的一站式数字资产服务平台。我们致力于引领传统金融进入数字资产世界，服务注重专业、合规、安全和高效。新火科技服务现涵盖数据中心、软件即服务（SaaS）、虚拟资产管理、托管、场外大宗交易、借贷、交易平台和战略投资等。文件: 新火科技获英国保险巨头承保，进一步提高客户托管资产安全 2022-11-03 此财经新闻稿由EQS Group via SEAPRWire.com转载。本公告内容由发行人全权负责。原文链接: http://www.todayir.com/sc/index.php

ACN Newswire

Transnational, homegrown developers accoladed at the 12th PropertyGuru Asia Property Awards (Singapore) celebration

indie 1 11 月

10 minutes

SINGAPORE, Nov 1, 2022 - (ACN Newswire via SEAPRWire.com) - PropertyGuru Group (NYSE: PGRU), Southeast Asia's leading property technology company, named the Winners and Highly Commended awardees of the 12th annual edition of the PropertyGuru Asia Property Awards (Singapore) on Friday 28 October, supported by Kohler and Mitsubishi Electric Asia Pte Ltd.-- UOL Group Limited leads list of 2022 awardees with diverse wins that include the titles of Best Developer, Best Transnational Developer, and Best Hospitality Developer -- Aurum Land (Private) Limited, GuocoLand, Fairview Developments Pte Ltd (a unit of Tong Eng Group), and The Assembly Place also dominate the Developer categories-- Michelle Yong, CEO of Aurum Land and CEO and founder of Core Collective, receives the award for Singapore Real Estate Personality of the Year The 12th Annual PropertyGuru Asia Property Awards (Singapore) celebrated excellence and innovation in real estate development and design with a highly awaited gala dinner and presentation at the Shangri-La Singapore ballroom. The 2022 edition of the programme, part of the PropertyGuru Asia Property Awards series, distinguished Singapore's outstanding real estate de...

ACN Newswire

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Collaborates With Magnite to Develop Retail Media Network in Southeast Asia

indie 27 10 月

6 minutes

SINGAPORE, Oct 27, 2022 - (ACN Newswire via SEAPRWire.com) - Thoughtful Media Group Inc ("Thoughtful Media Group" or "TMG"), the Thailand-based, digital advertising arm of Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announced a collaboration with Magnite Inc, (NASDAQ: MGNI) ("Magnite"), the world's largest independent omnichannel sell-side advertising platform. Magnite serves as the first sell-side platform connected to the TMG Media Network, a premium omni-channel cross-platform advertising solution for international and regional brand advertisers.The TMG Media Network offers brand advertisers exposure to consumers in Vietnam, Indonesia, Philippines, Singapore, and Thailand, including the more than 3.3 million registered consumers on SoPa's ecosystem. The network features premium inventory spanning its owned channels and the wider web, including display, mobile, video, social and digital out-of-home when fully deployed. For brand advertisers, the TMG Media Network offers an unprecedented combination of scale and personalized media, targeting SEA markets and their combined 6...

ACN Newswire

OOWAY GROUP Clarifies Factual Inaccuracy in Kitchen Culture’s 14 October 2022 Announcement to SGXNet

indie 20 10 月

4 minutes

SINGAPORE, Oct 20, 2022 - (ACN Newswire via SEAPRWire.com) - OOWAY Group Ltd today announced that it wishes to clarify the factual inaccuracy in Kitchen Culture Holdings Limited's 14 October 2022 announcement ("Announcement") to SGXNet with regard to an interest-free loan of S$1.5 million (Unconditional Interest-Free Loan) that was offered to Kitchen Culture by OOWAY Group as a gesture to assist the Company in alleviating its dire financial situation. Kitchen Culture's Announcement had stated:"As regards the S$1.5 million interest-free loan proposed by the OOWAY Group as referred to in the Article, it came with the pre-condition that a specific candidate had to be appointed as Chief Financial Officer ("CFO") of the Company".OOWAY Group would like to clarify that the final version of the Loan dated 8 June 2022 and offered to the Company, did not come with any pre-conditions, and that Kitchen Culture's Announcement to SGXNet was a factual inaccuracy.From May 2022 to early June 2022, there were several rounds of discussions on the loan amount and conditions tied to the loan. The final version of the Term Sheet dated 8 June 2022 was signed by OOWAY Group and then circulated to Kitchen ...

ACN Newswire

EC Healthcare expects a record-high semi-annual sales volume in first half of FY23 of no less than HK$1.8 billion, Represents no less than 17% Y-o-Y increase

indie 17 10 月

4 minutes

HONG KONG, Oct 17, 2022 - (ACN Newswire via SEAPRWire.com) - EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that the Group expects to achieve a record-high semi-annual sales volume from April to September 2022 (the "Reporting Period").The demand on medical services provided by the Group remains strong and the Group's business demonstrate resilience and momentum backed by the Group's diversified business. The Board expects the Group to achieve a record-high semi-annual overall sales volume of no less than HK$1.8 billion for the Reporting Period, representing a no less than 17% y-o-y increase. The Group expects to achieve a no less than 30% y-o-y increase for medical services sales volume. Sales volume of other services rose by no less than 95% y-o-y, mainly driven by the acquisition of veterinary businesses. Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of EC Healthcare said, EC Healthcare is always committed to building a diversified healthcare ecosystem to maximize customers' lifetime value. Hong Kong resi...

ACN Newswire

Samaiden Group Signs Partnership Agreement with Taiwan-based Monitoring Solution Provider Thingnario

indie 14 10 月

3 minutes

PETALING JAYA, Malaysia, Oct 14, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group's wholly-owned subsidiary, Samaiden Sdn Bhd, has signed a partnership agreement with Thingnario Ltd. today, to explore the opportunity in providing telemetry monitoring system support to the Renewable Energy (RE) as well as the Energy Efficiency (EE) businesses of Samaiden Group within Malaysia.Mr. Fong Yeng Foon，Executive Director of Samaiden Group Berhad; IR Chow Pui Hee, Group Managing Director of Samaiden Group Berhad; Mr. Andy Hong Min Ping, Regional Manager, South Asia, of Thingnario Ltd; Mr. Lin Han Ting, Regional Manager, South Asia, of Thingnario Ltd [L-R]Artificial Intelligence (AI) based system provider, Thingnario, is a company founded in 2016 and headquartered in Taipei, Taiwan. It owns the "Photon" intelligent solar monitoring system that has successfully served 3,500 sites with an aggregate capacity of 1.5GW across 10 countries in 2022.Group M...

ACN Newswire

OOWAY Group Seeks to Appoint New Board to Turn Around Kitchen Culture

indie 12 10 月

6 minutes

SINGAPORE, Oct 12, 2022 - (ACN Newswire via SEAPRWire.com) - OOWAY Group Ltd, the single largest shareholder, together with 7 other shareholders[1] of Kitchen Culture Holdings Ltd. has on 30 September 2022 informed the Company's Board of the intention to convene an extraordinary general meeting of the Company (EGM) pursuant to Section 177 of the Companies Act[2].The upcoming EGM seeks to remove 5 of the current Kitchen Culture's Board of Directors and appoint 5 new members to the Board. Reference SGXNET 30 Sep 2022: https://tinyurl.com/mr5pxncrReasons for Calling for EGM OOWAY Group emphasises that without a change in the current Kitchen Culture board, the value of Kitchen Culture's 27.65% stake in OOWAY Technology Pte Ltd (which is its most valuable asset) would be unrealised and ultimately wasted.OOWAY Group reiterates that the implementation of a long-term and viable business plan for OOWAY Technology is the only path available now for the resumption of trading in Kitchen Culture shares, and ultimately a share price that would reflect its fundamentals.Mr Liu Yanlong, representative for OOWAY Group, said, "With OOWAY Group's existing and new business capabilities in Big Data Anal...

JCN Newswire

MHI Group to Participate in Vehicle-to-Infrastructure (V2I) Demonstration Test Program to Support Autonomous Highway Driving

ruth 6 10 月

4 minutes

TOKYO, Oct 6, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and two Group companies -- Mitsubishi Heavy Industries Machinery Systems, Ltd. (MHI-MS) and Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) -- will participate in demonstration testing of a vehicle-to-infrastructure (V2I) system(1) to be conducted in FY2023 using a section of the Shin-Tomei Expressway (numbered E1A) currently under construction by Central Nippon Expressway Company Limited (NEXCO-Central). MHI Group will apply its diverse technologies in the test program and perform oversight of the V2I system, in preparation toward realizing tomorrow's automated driving society, especially as it relates to highway driving.Conceptual Image. Information in the forward direction undetectable by the onboard unit of an autonomous vehicle following another vehicle is transmitted to the rearward vehicle by V2I.MHI-MS was selected to take part in the demonstration testing project, which is operated by NEXCO-Central, in an open call for participants. MHI-MS applied jointly with Spectee Inc., a company that undertakes risk visualization using artificial intelligence (AI) and other state-of-...

JCN Newswire

Mitsubishi Power Receives Order for H-25 Gas Turbine for Taiwan’s Chang Chun Plastics

ruth 6 10 月

3 minutes

TOKYO, Oct 6, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order for an H-25 gas turbine for the Taiwanese firm Chang Chun Plastics Co., Ltd. The turbine with 30-megawatt (MW) output capacity will be the core of a new high-efficiency, natural gas-fired cogeneration (combined heat and power) facility at the company's Dafa Factory in Kaohsiung. Operation is scheduled to begin around winter 2023, with the unit supplying power for the company's factories, and steam for manufacturing processes. This is the first H-25 gas turbine that Mitsubishi Power has supplied in Taiwan.H-25 Co-generation Power PlantChang Chun Plastics' Dafa Factory is located in an industrial park east of downtown Kaohsiung City (Daliao District). The gas turbine will replace the existing oil and coal-fired boiler facility, part of a project conducted in response to a request from the Kaohsiung authorities to reduce coal consumption based on the global trend toward reducing CO2 emissions, and a shift in Taiwan's energy policy.Mitsubishi Power will supply the H-25 gas turbine and auxiliary machinery, and dispatch engine...

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