ACN Newswire
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Kitchen Culture Criticises Requisitioners for ‘Diametrically Changing’ Minds by Publishing Advertisement to Call off EGM to Remove 5 Directors; Company Affirms 1 November EGM Will Not Proceed

indie
4 minutes

SINGAPORE, Oct 31, 2022 - (ACN Newswire via SEAPRWire.com) - Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that a group of 8 shareholders ("the requisitioners") seeking to remove 5 of 6 directors has caused confusion among shareholders and the public by publishing a newspaper advertisement calling off the Extraordinary General Meeting ("EGM") with 1 working day's notice before it was due to be held.The Company said it was made aware of a relatively small advertisement published by the requisitioners in The Business Times on 29 October 2022 (Saturday) to 'postpone' the EGM - originally proposed for 9.00 am on 1 November 2022 (Tuesday) at Grand Copthorne Waterfront Hotel - even though the requisitioners had not communicated this to the Board of Directors ("the Board").While the requisitioners had published a significantly larger advertisement in The Sunday Times - a different newspaper - on 16 October 2022 calling for the EGM and had issued a press release via ACN newswire 8 days later urging shareholders to attend, they now "... appear, suddenly and without giving any explanation, to have diametrically changed their minds with just 1 working day befor...

ACN Newswire
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Kitchen Culture Rejects Requisition to Remove 5 Directors, Sharply Criticises Major Shareholder OOWAY Group for Factual Inaccuracies and Mischaracterisations to the Media

indie
7 minutes

SINGAPORE, Oct 14, 2022 - (ACN Newswire via SEAPRWire.com) - The Board of Directors (the "Board") of Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") today rejected a requisition to remove 5 of its 6 directors, and sharply criticised its largest shareholder, OOWAY Group Ltd. ("OOWAY"), for conveying to the media factual inaccuracies and mischaracterising recent events.The Board, with the exception of Madam Hao Dongting ("Mdm Hao"), said that there are no grounds to justify the resignations. The Board had received a notice (the "Section 177 Notice") - issued under Section 177 of the Companies Act 1967 - on 30 September 2022 from OOWAY and 7 individuals who own an aggregate of 21.71% of the Company's shares.Kitchen Culture was listed on SGX Catalist in 2011 as a provider of solutions and products for kitchens and wardrobes. Its shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020. As announced on 17 July 2022, Mr Lincoln Teo ("Mr Lincoln Teo"), an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director, while 2 new Board members were named - ...

JCN Newswire
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Fujitsu highlights technologies to realize its vision for a sustainable world at CEATEC 2022

ruth
5 minutes

TOKYO, Sep 30, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced that it will exhibit a technology and business showcase of its latest innovations and vision for Fujitsu Uvance at "CEATEC 2022," the annual cutting-edge IT & comprehensive electronics exhibition at Makuhari Messe (Chiba Prefecture, Japan) from October 18 to October 21, 2022. Fujitsu's booth will be located in Hall 8 of the venue.Fujitsu will reveal how it can address customers' business challenges and contribute to the solution of societal issues through an exploration of three major themes: "supporting society," "supporting the economy," and "supporting daily life." Visitors will see in detail how these themes ultimately contribute to the realization of Fujitsu's vision for "Fujitsu Uvance," a portfolio of global solutions to realize a sustainable world.Highlights of Fujitsu's exhibit this year will include a traffic optimization project to reduce CO2 emissions leveraging social digital twin technology based on actual traffic data from London, as well as an interactive space where participants can analyze their golf skills with Fujitsu's 3D sensing technology for marker-less analysis and digitali...

JCN Newswire
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Mazda Production and Sales Results for October 2021

ruth
2 minutes

HIROSHIMA, Japan, Nov 29, 2021 - (JCN Newswire via SEAPRWire.com) - Mazda Motor Corporation's production and sales results for October 2021 are summarized below.I. Production1. Domestic ProductionMazda's domestic production volume in October 2021 decreased 58.7% year on year due to decreased production of passenger and commercial vehicles.[Domestic production of key models in October 2021]CX-5: 16,830 units (down 58.8% year on year)CX-30: 4,264 units (down 33.8%)MAZDA6: 3,481 units (down 17.1%)2. Overseas ProductionMazda's overseas production volume in October 2021 decreased 28.6% year on year due to decreased production of passenger and commercial vehicles.[Overseas production of key models in October 2021]MAZDA3: 12,957 units (up 41.9% year on year)CX-30: 9,323 units (down 33.0%)MAZDA2: 4,240 units (down 47.4%)II. Domestic SalesMazda's domestic sales volume in October 2021 decreased 28.3% year on year due to decreased sales of passenger and commercial vehicles.Mazda's registered vehicle market share was 4.5% (up 0.2 points year on year), with a 1.9% share of the micro-mini segment (down 0.2 points) and a 3.6% total market share (up 0.2 points).[Domestic sales of key models in Oct...

JCN Newswire
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Toyota Releases Sales, Production, and Export Results for October 2021

ruth
1 minute

Toyota City, Japan, Nov 29, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for October 2021 as well as the cumulative total from January to October 2021, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Highlights:In October 2021, a parts supply shortage continuing from last month caused by the spread of COVID-19 in Southeast Asia and other factors resulted in year-on-year declines in global sales and production.We are continuing to closely monitor the spread of COVID-19 and parts supply shortage trends, but as a result of the cooperation of our suppliers, our production plans from November onward are expected to be at high levels. Going forward, we will continue to make every effort to minimize the impact.For more information, visit https://global.toyota/en/company/profile/production-sales-figures/202110.html. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire
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China Gas (00384) Started Significant Share Buybacks since May, Major Shareholder BEH Increased in Shareholding 3 times in a Month

indie
3 minutes

HONG KONG, Nov 16, 2021 - (ACN Newswire via SEAPRWire.com) - China Gas Holdings Limited ("China Gas"; stock code: 00384), a leading natural gas operator in China, repurchased a total of 84 million ordinary shares (about 1.5% of total existing issued shares of China Gas) since May 2021, according to the disclosures filed with the Stock Exchange of Hong Kong. The multiple share repurchases by China Gas show the strong confidence of the management in the Company's future development and growth potential. In addition, according to the disclosure filed by Beijing Enterprise Holdings Limited ("BEH"), the single largest shareholder of the Company, it acquired an aggregate of 32,000,000 shares of China Gas on 20 October 2021, 27 October 2021 and 28 October 2021 respectively. The increase in shareholding represents another strong vote of confidence of BEH in China Gas' underlying business and long-term growth potential.BEH holds 22.81% of the total issued shares of China Gas as at 28 October 2021. In recent months, China Gas signed a number of strategic agreements with industry leaders to expand its business portfolio, particularly in areas of green and alternative energy. These included:--...

SeaPRwire
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Crown Resorts faces class action over October share plunge

elean
2 minutes

BENGALURU (REUTERS) - Law firm Maurice Blackburn has launched a second class action lawsuit against Crown Resorts, it said on Monday (Dec 14), alleging that the Australian casino giant's corporate failings caused a massive share price plunge in October. Shares of Crown had fallen 10 per cent on Oct 19, when Australia's financial crime agency started investigating the company over suspected failings to comply with anti-money laundering protocols. Over October and November, Crown acknowledged the possibility of money laundering taking place at casinos in an Australian regulatory inquiry that touched on its government failings and its dealing with gambling tour - or "junket" - operators. Since then, the company's gaming license has been suspended, delaying its plan to open a $1.6 billion resort in Sydney. Crown did not immediately respond to a Reuters request for comment. "It's been very disappointing to learn how badly Crown has behaved," lead plaintiff Greg Lieberman, a father of four from Sydney, who invested in Crown, said he law firm's statement. The new lawsuit also alleges Crown managed operations that were not in the best interest of shareholders between December 2014 and Octo...

ACN Newswire
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Shineway Pharmaceutical (2877.HK) recorded 29.4% revenue growth for October 2020

indie
1 minute

HONG KONG, Nov 30, 2020 - (ACN Newswire) - Shineway Pharmaceutical (stock code: 2877.HK) recorded 29.4% revenue growth for October 2020 in comparison with the same period last year, as sales of injection products, soft capsule products, granule products, TCM formula granules, and other dosage forms went up 38.9%, 17.4%, 38.1%, 7.9% and 54.0% respectively. Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

JCN Newswire
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Honda Sets Monthly Records for Automobile Production in Asia and China

ruth
2 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of October 2020.World Production- Production in Japan experienced a year-on-year increase for the second consecutive month.- Production in regions outside of Japan experienced a year-on-year increase for the second consecutive month.- Worldwide production experienced a year-on-year increase for the second consecutive month.Sales in the Japanese Market- Total Japanese sales experienced a year-on-year increase for the first time in 13 months.- New vehicle registrations experienced a year-on-year increase for the first time in 13 months.- Sales of mini-vehicles experienced a year-on-year increase for the first time in eight months.- Fit was the industry's seventh best-selling car among new vehicle registrations for the month of October 2020 with sales of 9,000 units. Freed was the industry's eighth best-selling car among new vehicle registrations for the month of October 2020 with sales of 7,849 units.- N-BOX was the industry's top-selling car in the mini-vehicle category for the month of October 2020 with sales of 16,0...

JCN Newswire
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Mazda Production and Sales Results for October 2020

ruth
2 minutes

HIROSHIMA, Japan, Nov 27, 2020 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for October 2020 are summarized below.I. Production1. Domestic ProductionMazda's domestic production volume in October 2020 increased 2.8% year on year due to increased production of passenger vehicles.[Domestic production of key models in October 2020]CX-5: 40,806 units (up 26.9% year on year)MAZDA3: 14,768 units (up 14.5%)CX-3: 8,094 units (up 81.0%)2. Overseas ProductionMazda's overseas production volume in October 2020 increased 8.3% year on year due to increased production of passenger vehicles.[Overseas production of key models in October 2020]CX-30: 13,912 units (up 646.0% year on year)MAZDA3: 9,134 units (down 36.3%)MAZDA2: 8,057 units (up 30.6%)II. Domestic SalesMazda's domestic sales volume in October 2020 increased 13.5% year on year due to increased sales of passenger vehicles.Mazda's registered vehicle market share was 4.3% (down 1.0 points year on year), with a 2.1% share of the micro-mini segment (up 0.4 points) and a 3.4% total market share (down 0.5 points).[Domestic sales of key models in October 2020]MAZDA2: 2,159 units (down 5.7% year on year)CX-5: 1,831 unit...