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Britania (SET: BRI) Starts First Day of IPO Trading on the SET

pandora
4 minutes

Poised to Launch 9 New Projects in 2022 and Lead Low-rise Housing Sector BANGKOK, Dec 21, 2021 – (ACN Newswire) – Britania PCL (SET: BRI) is debuting its IPO shares in the stock market, putting forward an impressive performance between 2018 and 2020 with an average annual growth rate of 113%. Revenue during the first 9 months of this year stands at 2,808.57 million baht, growing by 52%. Further plans include 9 new low-rise housing projects next year across the Bangkok Metropolis and certain provinces, valued at 10,800 million baht. Mrs. Supalak Chanpitak, Chief Executive Officer, BRI, reports that the trading of its IPO shares on the Stock Exchange of Thailand starts today (Dec. 21, 2021) under the symbol “BRI”. The CEO is confident that the BRI securities will receive a positive response from investors interested in real estate companies. As an expert developer of low-rise housing and a flagship company of Origin Property Public Company Limited, Britania is expected to gain investors’ trust. Since its inception in 2016, BRI has been growing by leaps and bounds. In 2019, the company launched a single project. That number ballooned to 21 in 2022. Revenues and profits grew in step wi...

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NEC Establishes New US$150 Million CVC Fund

ruth
2 minutes

TOKYO, Dec 17, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced the establishment of the "NEC Orchestrating Future Fund," a corporate venture capital (CVC) fund aiming to drive the ecosystems required to create social value through collaboration with customers and partners, and to promote new external services, knowledge and technologies. Structure of the CVC Fund EcosystemBy the end of June 2022, the CVC fund plans to raise capital from corporate enterprises that share the same goals of the fund, and to reach a total investment of US$150 million. NEC believes that the evolution of network technology and the transformation of digital services will drive the creation of new social value. The CVC fund will invest in both technology and services, and aim to maximize the investment by generating synergies. In addition, NEC will work to accelerate new business development activities by building ecosystems with corporate enterprises and portfolio startups. The fund has six areas of focus - 5G/6G, Digital Government/Digital Finance, Smart City, DX, Healthcare and Life Sciences, and Carbon Neutral. About NEC CorporationNEC Corporation has established it...

SeaPRwire

Man who says he invented Bitcoin wins fight over $73.9 billion in the virtual coin

elean
2 minutes

NEW YORK (REUTERS) - A computer scientist who has claimed to be the inventor of Bitcoin largely prevailed on Monday (Dec 6) in a Florida jury trial over whether the estate of a former business partner deserved half of a Bitcoin cache worth now about US$54 billion (S$73.9 billion). The Miami jury cleared Mr Craig Wright on nearly all issues in the dispute, including that half of the 1.1 million Bitcoin in dispute belonged to the family of Mr Dave Kleiman, the former partner and computer forensics expert. While concluding that Mr Wright was not liable for fraud, jurors did award US$100 million in intellectual property rights to W&K Information Defence Research, a joint venture between the men. The trial began on Nov 1. "This has been a remarkable good outcome and I feel completely vindicated," Mr Wright said in a video message. "There are still more fights. We are going to make everything change: cryptocurrency to digital cash, the way it's meant to be." According to court papers, the 1.1 million Bitcoin had been mined by someone called Satoshi Nakamoto, whose October 2008 white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" described a framework for what would become Bitcoin...

ACN Newswire
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Avantor Provides Critical Personal Protection Supplies to Vulnerable Populations through NGOs

indie
1 minute

Company donates 1.25 million non-surgical masks and 19,000 hand sanitizers to assist migrant workers, seniors, and heart disease patientsSingapore, Dec 6, 2021 - (ACN Newswire via SEAPRWire.com) - Avantor, Inc. a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies, and applied materials industries, today announced a donation of 1.25 million non-surgical masks and 19,000 hand sanitizers to help protect our community from illness. This initiative, in collaboration with local charitable organizations, SATA CommHealth, HealthServe and Singapore Heart Foundation (SHF), supports Avantor's community engagement work to improve global access to healthcare as part of its Science for Goodness sustainability commitment.Avantor in kind donation of masks and hand sanitizers to SATA CommHeath Singapore - Mr. Chia Boon Khiang(left) and Ms. Sook Yee Loh, General Manager – South East Asia & Taiwan (SEAT) (right)

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Aurelius Technologies Berhad (ATech) Launches Prospectus for Main Market Listing

pandora
4 minutes

ATech is well-positioned for sustainable, accelerated growth as demand for IoT terminal connections is expected to hit 23.7 billion by 2026. KUALA LUMPUR, Nov 29, 2021 – (ACN Newswire) – Aurelius Technologies Berhad (“ATech”), a provider of electronics manufacturing services (EMS) for industrial electronic products enroute to a listing on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”; Stock Code: 5902), is pleased to announce the launch of the Company’s prospectus for the initial public offering (IPO) today. ATech offers a comprehensive range of EMS to multinational corporations across 11 countries covering Asia Pacific, Americas and Europe. These services include engineering support services, prototyping, board assembly, mechanical assembly and test for communications devices, Internet of Things (IoT) devices, electronic devices and semiconductor component modules used by the telecommunications, transportation, power management and IoT industries. With a long track record of 28 years, ATech has built a business based on long-term client partnerships. All top five customers are foreign companies or subsidiaries of US public-listed companies. The IPO involv...

ACN Newswire
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Leon Fuat Berhad Posts 470% Rise in Quarterly PAT

indie
3 minutes

SHAH ALAM, Malaysia, Nov 29, 2021 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad (Leon Fuat), a manufacturer and trader of steel products, specialising in rolled long and flat products, is pleased to announce today that the Group recorded a 470.4% gain in profit after tax (PAT) to RM38.66 million for the third quarter ended 30 September 2021 (Q3FY2021) compared with RM6.78 million in the corresponding quarter of the preceding year (Q3FY2020).Calvin Ooi Shang How, Executive Director of Leon FuatFor the quarter under review, the Company registered a 44.1% increase in revenue to RM236.11 million compared with RM163.82 million in Q3FY2020 while profit before tax (PBT) recorded a 447.0% gain to RM49.14 million compared with RM8.98 million in Q3FY2020.On a segmental basis, revenue from trading of steel products increased by 65.7% to RM94.81 million while revenue from the processing of steel products increased by 32.6% to RM141.22 million. The trading segment's contribution to revenue stood at 40.2% in Q3FY2021 compared with 34.9% in Q3FY2020 while the processing segment's contribution to revenue stood at 59.8% compared with 65.0% in Q3FY2020.For the nine months ended 30 September ...

ACN Newswire
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Aurelius Technologies Berhad Launches Prospectus for Main Market Listing

indie
4 minutes

KUALA LUMPUR, Nov 29, 2021 - (ACN Newswire via SEAPRWire.com) - Aurelius Technologies Berhad ("ATech" or the "Company"), a provider of electronics manufacturing services ("EMS") for industrial electronic products enroute to a listing on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities"), is pleased to announce the launch of the Company's prospectus for the initial public offering ("IPO") today.ATech offers a comprehensive range of EMS to multinational corporations across 11 countries covering Asia Pacific, Americas and Europe. These services include engineering support services, prototyping, board assembly, mechanical assembly and test for communications devices, Internet of Things ("IoT") devices, electronic devices and semiconductor component modules used by the telecommunications, transportation, power management and IoT industries.With a long track record of 28 years, ATech has built a business based on long-term client partnerships. All top five customers are foreign companies or subsidiaries of US public-listed companies.The IPO involves up to 103.87 million ordinary shares comprising public issue of 77.01 million shares and an offer for sale of up to 26...

ACN Newswire
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HYPEBEAST LTD. (0150.HK) Delivers Record-breaking Interim Revenue of 54%+ and Increasing Profitability

indie
5 minutes

HONG KONG, Nov 29, 2021 - (ACN Newswire via SEAPRWire.com) - The board of directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group's unaudited interim results for the six months ended 30 September 2021 ("1H2022"). The Group has proven to overcome and emerge stronger from last year, indicated by the all-time high interim performance recorded in 1H2022. Revenue experienced an overall strong double-digit percentage growth, with an increase of 54.4% as compared to 1H2021, with the Media segment excelling with a 89.4% increase in revenue, reaching HK$326.9 million. Gross and net profits also saw exceptional growth, with an increase of 102% and 201.5%, amounting to HK$258.4 million and HK$63.0 million respectively. This translated to an increase of gross and net profit margins of 13.8 percentage points and 7.3 percentage points, reaching 58.6% and 14.3% respectively.The significant growth in the Media segment was mainly driven by the expansion of the media and agency client base in the Group's core markets (US, United Kingdom, China, Hong Kong and South Korea) which, combined, represented a period-on-period growth in total signed contract value (a key operating measur...

ACN Newswire
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Hektar REIT Posts RM19.1 Million Revenue in 3Q

indie
4 minutes

KUALA LUMPUR, Nov 26, 2021 - (ACN Newswire via SEAPRWire.com) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT") ("Manager"), today announced that for the third quarter ended 30 September 2021 ("3Q 2021"), Hektar REIT recorded revenue of RM19.1 million, which is a decrease of 26.4% compared to the RM26.0 million recorded in the corresponding quarter of the previous year.One of Hektar REIT's neighbourhood malls, Subang Parade, SelangorHektar REIT registered net property income of RM10.3 million for the quarter under review, which decreased 20.1% compared to the RM12.9 million recorded in 3Q 2020, while realised income for 3Q 2021 was 69.0% lower at RM1.4 million compared to the RM4.5 million recorded in 3Q 2020. Earnings per unit stood at 0.30 sen as at 3Q 2021 compared to 0.98 sen in the same quarter of the previous year. The dip in Gross Revenue and NPI compared to the previous year is due to the strict containment measures in early 3Q 2021 due to the implementation of the National Recovery Plan ("NRP"), with states being under Phase 1 for a prolonged period until they met certain criteria to transition to other phases.The prolo...

SeaPRwire

Oil rises 3% with landmark global release from reserves smaller than expected

elean
4 minutes

NEW YORK (BLOOMBERG, REUTERS) - Oil prices climbed on Tuesday (Nov 23) as a landmark coordinated move by the United States and other consumer nations to tap their strategic oil reserves was less severe than markets expected. While the headline size of the US release is large, a significant chunk of the crude will be borrowed - to be returned later - leaving traders expecting tighter balances down the line. The US is making the move in concert with China, Japan, India, South Korea and the UK. Brent futures rose US$2.61, or 3.3 per cent, to settle at US$82.31, while US West Texas Intermediate (WTI) crude rose US$1.75, or 2.3 per cent, to settle at US$78.50. That was the biggest daily percentage gain for Brent since August and its highest close since Nov 16. It also pushed Brent's premium over WTI to its highest since mid-October. Oil prices have hit multiyear highs in recent months amid a global energy crisis that's added hundreds of thousands of barrels a day to consumption, while the world economy is grappling with surging inflation. The decision puts major consumers on a collision course with Opec+, which views such a release as unjustified and may reconsider plans to add more sup...

SeaPRwire

When investors demand green buildings

elean
1 minute

(NYTIMES) - When the developer Lendlease opens its US$600 million (S$816 million) residential and office complex in Los Angeles, expected in 2025, the site will have the typical hallmarks of sustainable development: proximity to a light-rail stop, an all-electric residential tower, solar panels and a pedestrian plaza. But such features are considered commonplace these days. What makes this development more striking is how sustainability is not simply an amenity or signifier of corporate responsibility but a core feature of its financing plan. 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.

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SGX-listed Beng Kuang Group Achieved Stronger Performance in 9M2021

indie
6 minutes

Singapore, Nov 17, 2021 - (ACN Newswire via SEAPRWire.com) - Beng Kuang Marine Limited (the "Company", and together with its subsidiaries, the "Beng Kuang Group"), is pleased to share its business update for the nine (9) months ended 30 September 2021 ("9M2021").Highights:- The Group's IE and CP business segments registered strong revenue growth of 106.4% and 84.9%, increasing to S$22.62 million and S$13.37 million respectively in 9M2021, while revenue from the Group's SH business segment dipped significantly as both of the Group's livestock vessels were taken off charter during 9M2021.- With a substantial amount of fixed assets in the balance sheet, the Group registered a depreciation expense (non-cash component) of S$6.18 million in 9M2021.- The Group's IE order book is S$8.0 million as at 30 September 2021, of which S$3.0 million is attributed to ASOM that provides specialised on-site vessel repair and maintenance solutions to FPSO and FSO vessels.- Strategic review to prioritise costs minimisation and deleveraging initiatives, while focusing on monetising fixed assets and high-potential business segments to create new growth catalysts.- The livestock carrier previously detained...

SeaPRwire

Evergrande chief’s luxury assets in focus as his company scrambles to pay debts

elean
4 minutes

HONG KONG (REUTERS) - As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including art, calligraphy and two high-end homes, according to filings and a source. The Chinese authorities have told Evergrande chairman Hui Ka Yan, 63, to use some of his personal wealth to help pay bondholders, two separate people with knowledge of the matter told Reuters last month. Evergrande's troubles in meeting bond repayments have rattled markets and left many of its investors, creditors and suppliers in financial chaos. Mr Guo Hui, whose cleaning business is owed more than 18 million yuan (S$3.8 million) by Evergrande, had to sell his Porsche Cayenne and an apartment to raise cash and pay debts. "He should be selling his things," Mr Guo told Reuters. "He had no choice once the authorities made him." Mr Hui pledged one of his Hong Kong mansions of around 5,000 sq ft in The Peak, Hong Kong's most prestigious residential enclave, for a loan from China Construction Bank last month, according to a filing with Hong Kong's Land Registry. Around HK$300 million (S$52 million) was raised to repay an overdue Evergrande bond, local med...

SeaPRwire

Grab posts $1.34 billion net loss for Q3, as Covid-19 curbs hit ride-hailing in region

elean
3 minutes

BENGALURU (REUTERS) - South-east Asia's largest ride-hailing and food delivery firm Grab Holdings on Thursday (Nov 11) reported a net loss of US$988 million (S$1.34 billion) for the July-September quarter, 59 per cent more than the year-ago loss of US$621 million. Total revenue for the third quarter fell 9 per cent to US$157 million, from US$172 million a year earlier, as its ride-hailing business was hit by Covid-19 curbs in some countries in the region. Fresh outbreaks in South-east Asia hit Grab's mobility unit that fell behind its deliveries business, its largest by billings. Its mobility business brought in US$88 million in revenue, down 26 per cent from a year earlier, while sales at its deliveries unit rose 58 per cent. "Mobility and food delivery services were suspended in Vietnam for most of Q3, and six of our core countries in which we operate experienced tighter movement controls," said chief financial officer Peter Oey. CEO Anthony Tan told an investor webcast that the company expects major recovery for the ride-hailing business in the fourth quarter, especially in Indonesia, Malaysia and Vietnam, as vaccination rates increase in the region, the Nikkei Asia reported. Gr...

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Q&M Dental net profit surges 154% to S$35.4M for nine months ended 30 September 2021

indie
6 minutes

SINGAPORE, Nov 11, 2021 - (ACN Newswire via SEAPRWire.com) - Q&M Dental Group (Singapore) Limited ("Q&M" or together with its subsidiaries, the "Group"), a leading private dental healthcare group in Asia, today reported net profit after tax attributable to shareholders of S$27.3 million for the nine months ended 30 September 2021 ("9M2021"), and net profit after tax attributable to shareholders S$9.5 million for the three months ended 30 September 2021 ("3Q2021").Quarterly Financial Performance since 4Q2019The Group has grown stronger compared to the pre-Covid-19 period. The Group's revenue rose by 58% from S$36.5 million in 4Q2019 to S$57.7 million in 3Q2021, or 6.78% quarterly compounded growth from 4Q2019 to 3Q2021. Profit before tax grew 112% from S$7.9 million in 4Q2019 to S$16.7 million in 3Q2021, or 11% quarterly compounded growth from 4Q2019 to 3Q2021.Dr Ng Chin Siau, Chief Executive Officer of Q&M added, "The Group's strong financial performance and accomplishments continue to be propelled by our corporate values and philosophy of "Improving Oneself & Unity". We believe that every individual within Q&M strives for continual improvement, and seeks knowle...

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The One Enterprise (SET: ONEE) debuts ONEE shares on first trading day

pandora
7 minutes

– Leveraging leadership in Thailand’s integrated media and entertainment business– With outstanding and distinctive business model, and long-term sustainable growth– Determined to create quality contents for the happiness of Thais and international audience BANGKOK, Nov 5, 2021 – (ACN Newswire) – The One Enterprise PCL (SET: ONEE), the leader in Thailand’s integrated media and entertainment business with over 30 years’ expertise and experience has chosen today (November 5, 2021) as the auspicious day to begin trading on the Stock Exchange of Thailand (SET) with the ticker name ONEE. The Company will effectively become the highest-value IPO in the Media and Publishing sector in Thailand’s capital market history, with the total offering value of 4.218 billion baht and a market capitalization of approximately 20.241 billion baht. These facts reinforced the Company’s strong fundamentals derived from its leadership in the creation and production of quality and diverse contents catering to all market segment, as well as having multi distribution channels both offline and online which can generate revenue in anyplace at all times. The Company is ready to build on the success to date after...

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Wintermar Offshore (WINS:JK) Reports Turnaround 9M2021 Results

indie
5 minutes

JAKARTA, Nov 1, 2021 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has announced turnaround results for 9M2021 with a net profit of US$0.49 million following a loss of US$7.44 mil in 9M2020.Stronger oil prices and measures to streamline the fleet and reduce gearing helped in turning the Company around after several years of heavy losses. In line with the positive outlook for oil prices, utilization also improved to 66% in 9M2021 compared to 63% in 9M2020.Owned Vessel DivisionOwned Vessel Revenue for 9M2021 was reduced by US$0.2 million to US$24.4 million compared to 9M2020. During July and August, the delta variant of COVID-19 hit Indonesia hard and affected our operations in Asia. A few of our vessels were infected while crew change was delayed due to quarantine and travel restrictions, leading to unplanned downtime. This and the completion of some high end vessel contracts led to a lower margin for 3Q2021. However, since September the pandemic has waned significantly in Indonesia and business operations have recovered back to normal.Despite the disruption from COVID-19, due to a much lower cost base and a smaller fleet, the Company made a US$4.1 mil gro...

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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 ...

ACN Newswire
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Genetec Q2FY2022 PAT Up by Sixfold

indie
3 minutes

BANGI, Malaysia, Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - Genetec Technology Berhad ("Genetec" or the "Company"), a technology leader in providing customised full turnkey smart factory automation manufacturing lines, today announced that the Company recorded profit after tax ("PAT") of RM16.30 million for the second quarter ended 30 September 2021 ("Q2FY2022"), which is 515% higher than the PAT of RM2.65 million registered for the corresponding second quarter ended 30 September 2020 ("Q2FY2021").Genetec also announced their proposal of a bonus issue of 661,564,800 new ordinary shares in Genetec ("Bonus Shares") on the basis of twelve (12) Bonus Shares for every one (1) existing ordinary share in Genetec ("Genetec Share" or "Share") held on an entitlement date to be determined later ("Proposed Bonus Issue"). The Entitlement Date will be determined and announced at a later date upon receipt of all relevant approvals for the Proposed Bonus Issue. In addition, for purposes of clarity, the actual number of Bonus Shares to be issued will depend on the total number of issued Shares on the Entitlement Date and is not intended to be implemented on a staggered basis. Further and fin...

SeaPRwire

US regulator awards whistle-blower record $269m payout over benchmark rigging case

elean
2 minutes

WASHINGTON (REUTERS) - A US regulator on Thursday (Oct 21) doled out a record reward of nearly US$200 million (S$269.4 million) to a whistle-blower who had provided information for a case involving the rigging of crucial financial benchmarks, according to the agency and a law firm involved in the award. The United States Commodity Futures Trading Commission (CFTC) announced the award in a statement on Thursday, but did not identify the recipient or disclose details about the case or the precise amount. Law firm Kirby McInerney said in a statement that its client scored the record bounty after providing extensive information and documents in 2012 that "catalysed" investigations by the CFTC and a foreign regulator into benchmark manipulation. An attorney for the law firm did not respond to requests for further comment or provide further details. Over the past decade, the authorities globally have levied multibillion-dollar fines and pursued criminal charges against banks and traders for banding together to rig global benchmarks, most notoriously the London Interbank Offered Rate (Libor). US lawmakers recently passed legislation to keep the CFTC's whistle-blower programme afloat. The ...