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COP 27 Egypt: PLN shares its biomass co-firing implementation in coal power plants

indie
3 minutes

Sharm El Sheikh, Egypt, Nov 8, 2022 - (ACN Newswire via SEAPRWire.com) - One of PLN's efforts to accelerate decarbonization is to decrease the usage of fossil energy. In the power sector, PT PLN (Persero) will begin to gradually early retire Coal Fired Power Plant (CFPP). Meanwhile, to reduce emissions from existing operational CFPPs, PLN has implemented biomass co-firing technology.PLN Director of Transmission and System Planning, Evy Haryadi, has explained that PLN is implementing co-firing technology at 33 CFPPs. Whereas, for the next two or three years, PLN will add more co-firing technology at 52 CFPPs.Evy said, the co-firing technology conducted by PLN is not solely to reduce emission. Biomass co-firing technology is inviting the community to be actively involved by planting biomass, or even by managing their regional household waste to be processed and converted into pellets for co-firing at CFPP - hence creating new value creation opportunity for the local community."Up until now PLN has produced 653 GWh of clean energy from biomass co-firing, which is equal to reducing 656 thousand tones CO2 emission," said Evy on Climate Change Summit (COP 27) at Sharm El Sheikh, Egypt, S...

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Mattex Asia Announces Partnership With Build King

indie
5 minutes

HONG KONG, Oct 7, 2021 - (ACN Newswire via SEAPRWire.com) - Mattex Asia Development Limited ("Mattex Asia"), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), today announced that Build King Holdings Limited ("Build King"), a major construction contractor in Hong Kong, has agreed to invest in the company and a cooperation agreement signing ceremony was held this morning. The contract value of the investment is approximately HK$6 million. Build King will become the strategic shareholder of Mattex Asia and the parties will cooperate in accelerating the digitalisation of processes used in construction material management and procurement.Mr. Pang Yat Ting, Dominic, Chairman of AAI (third left); Ir Dr. Pang Yat Bond, Derrick, JP, CEO of AAI, Founder and Chairman of Mattex Asia (second right); Ir Zen Wei Peu, Derek, Chairman of Build King (middle), Mr. Roy Lam, CEO of Mattex Asia (third right); Mr. Shea Chun Lok, Martin, CFO of AAI (second left); Mr. Cheung Ho Kin, Dennis, Director of Mattex Asia (first right), and Ms. Li Hing Tin, Joyce, Financial Controller of AAI (first left), attended the contract signing ceremony. Ir Zen Wei Peu, Derek, Chairman of Bui...

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Global New Material, leading the new materials industry, answers in its interim report after 19-day price rally

pandora
4 minutes

HONG KONG, Sept 28, 2021 – (ACN Newswire) – On July 20, 2021, Global New Material International Holdings Limited (“Global New Material”) (6616.HK), having developed pearlescent materials and synthetic mica as new materials in the consumer sector, ushered in strong momentum with its stock price soaring to an intraday increase of 14.68% on the third trading day following its entry into the capital market. On July 21, August 3, August 4 and August 11, Global New Material’s stock price recorded an intraday increase of 11.47%, 8.75%, 25.87 and 9.66% respectively. Over 19 trading days ended August 13, Global New Material saw its stock price rising by 104.89% and its market value exceeding HKD8 billion. The earnings report released by the Company on August 30 shows that in the first half 2021, Global New Material recorded total revenue of RMB307 million, representing an increase of 25.3% as compared with that in the first half of 2020, a gross margin of 52.7% from 48.6% in the first half of 2020, a total gross profit of RMB162 million, representing an increase of 36.0% as compared with that in the first half of 2020, and a total profit attributable to the parent company of RMB94.10 millio...

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7.7% Below IPO Floor Price, Global New Material’s Low Offer Price Reveals Its Ambition to be Global Leader

indie
6 minutes

HONG KONG, Jul 19, 2021 - (ACN Newswire via SEAPRWire.com) - Global New Material, a leading company in the global new consumable materials market, gave a 'big gift' to its investors before officially listing. On July 9, Global New Material (stock code: 6616) announced an IPO price of HKD3.25, 7.67% lower than the previous IPO floor price. From the investors' perspective, Global New Material lowering its IPO price from that of the IPO period, in fact, has left more room for market share price appreciation in the future.High-quality companies prefer low-price offerings in mature capital marketsIn mature capital markets, the lower-price offering is an effective strategy for information transmission. Those high-quality companies that are confident in their future business operations prefer the low-price offering strategy with higher market awareness, instead of advertising, extended lock-up period, underwriting by high-reputation investment banks or other approaches to deliver their intrinsic value to the markets.The low-price offering is not harmful to high-quality companies as the low-price offering will attract more investors and will further lay a solid foundation for their post-li...

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Global New Material (6616.HK): Dominating two new materials with a market share of RMB100 billion

indie
9 minutes

HONG KONG, Jul 8, 2021 - (ACN Newswire via SEAPRWire.com) - New materials, with the new international situation, has become a key segment for overcoming market challenges, and is favoured by national strategic development planning policies. Pearlescent materials and synthetic mica are high value-added new materials. Global New Material (6616.HK), which carried out its IPO from June 30 to July 6 and plans to issue 290 million shares at HKD3.52-4.22 when it lists July 16, produces China's market-leading shares in both.Pearlescent materials are expected to boom, achieving a market size of over RMB140 billion.Pearlescent materials have dominant advantages when compared with traditional pigments. As a new consumable material without a definite industry life cycle, pearlescent pigments are rapidly replacing traditional organic pigments and metal pigments, and are widely applied in coatings, inks, plastics, cosmetics, automobiles, aerospace and other fields. As set forth in the Classification of Strategic Emerging Industries (2018) issued by the central government, pearlescent materials are included in the pigment manufacturing sector of strategic emerging industries.Global New Material, ...

SeaPRwire
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Global New Material’s IPO: Leading Consumable Material Producer to Benefit with Listing

pandora
12 minutes

HONG KONG, July 7, 2021 - (ACN Newswire) - Global New Material, the global leader in the field of new consumable materials, specifically pearlescent materials, is currently in the offering stage, a step away from its official July 17 listing (6616.HK) on the Stock Exchange of Hong Kong. Global New Material International Holdings Limited, or Global New Material, has become the largest pearlescent material manufacturer in China and is aiming to be the largest in the world by virtue of its unique technical advantages.Synthetic mica is expected to replace traditional pigments, while pearlescent materials should further expand in middle and high-end consumption fields, ushering in higher localization rates. We expect Global New Material, benefitting from opportunity in both pearlescent materials and synthetic mica, will develop at a firmer pace with capital market support.Global New Material remains the industry leader by virtue of its dominant advantages in technologyWith the top talent in the industry and synthetic mica as a key base material, Global New Material focuses on R&D and innovation, and has accumulated significant and dominant technical advantages.Global New Materia's t...

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Global New Material (6616.HK) to list on HKEx as New Material Market Shines

indie
8 minutes

HONG KONG, Jul 5, 2021 - (ACN Newswire via SEAPRWire.com) - As one of the seven strategic emerging industries in China and one of the ten key areas of development under the "Made in China 2025" policy, the new material industry is considered the high-tech industry with the greatest potential in the 21st century, with significant impact on future development.Global New Material International Holdings Limited (Global New Material) is a leading player in the market segment, with main products including natural mica, synthetic mica, silica, alumina and other base materials, all representative of the segment in new consumable materials featuring high market barriers, high added value and broad market prospects.Global New Material published its IPO prospectus on 30 June 2021. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange (6066.HK) are expected to commence on 16 July 2021. I. Rapid growth of the new material industry empowers Global New Material's great potential of developmentGenerally, growth stocks are of greater market potential than value stocks, and a company that grows faster than its industry sector usually shows growth in sales and profits. Many outstan...

SeaPRwire

Mandatory treatment order for last man to be dealt with in SG Nasi Lemak chat group case

aseanpr
2 minutes

SINGAPORE - An administrator of the SG Nasi Lemak chat group, a platform on Telegram that hosted obscene photos and videos, was on Thursday (June 3) sentenced to mandatory treatment for a year. Leonard Teo Min Xuan, 27, had been diagnosed with major depressive disorder, and an Institute of Mental Health report said this contributed to his offences. Serving a mandatory treatment order means Teo will receive psychiatric treatment to address his mental issues in lieu of jail time. Teo was the last of four men to be sentenced over the chat group, which had 44,000 members at its peak. He had earlier pleaded guilty to transmitting obscene material via electronic means and possessing 427 obscene images. Another charge of possessing 99 obscene videos was taken into consideration for sentencing. The court heard that the four Singaporeans were arrested in October 2019 after a series of police reports were made between March and October that year. Two of them - Justin Lee Han Shi, then 20, and an 18-year-old youth - were placed on probation. The teenager cannot be named under the Children and Young Persons Act. He was 17 at the time of the offence in October 2019. The third offender - Liong T...

SeaPRwire
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Singaporean student who imported child sex doll in Australia sentenced to 11 months’ jail

aseanpr
2 minutes

SINGAPORE - A Singaporean student living in Australia who imported a child sex doll and possessed child abuse material has been sentenced to 11 months' jail. However, the 27-year-old, who was not identified, was immediately released on a two-year good behaviour bond. The Australian Border Force and Australian Federal Police said in a joint statement last Saturday (Feb 20) the judge had also ordered that the man be placed on the sex offenders' register. In 2019, the Singaporean was arrested after border officials intercepted a parcel from China containing the doll at a Perth air cargo depot on Christmas Eve. The doll was ordered online and was addressed to the man's residence in the Perth suburb of Beckenham. Around two weeks later, border investigators arrested the Singaporean following a search warrant for the address on the package. Warrant investigators seized a mobile phone, computer tower, laptop and hard drive belonging to the man. These devices were handed to the Australian Federal Police, which identified child abuse material in the tower, laptop and hard drive through a forensic digital investigation. In Australia, those who import child sex dolls can be imprisoned for up ...