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GenTwo Continues Growth Story, New Inflows of Over US$1 Billion

indie
3 minutes

ZURICH, SWITZERLAND, Feb 1, 2023 - (ACN Newswire via SEAPRWire.com) - The international securitization specialist GenTwo celebrates its 5th anniversary and looks back on a fast-paced development. In 2022 the number of new products increased by 60% and international business doubled. The business momentum of GenTwo and its subsidiary GenTwo Digital has progressively picked up since the company was founded 5 years ago in February 2018. The products issued on its platform recorded over USD 1 billion in new inflows, resulting in a surge in assets under services growth to USD 2.5 billion as of today, despite the challenging market environment in 2022. The number of new products increased by 60% to a total of 900. This impressive growth underpins the ongoing high level of interest in alternative and digital investments among institutional clients around the world and Gen Two's expertise to provide flexible portfolio structuring for investors. "We were able to broaden our customer base once again in 2022 nationally and are currently servicing clients in over 25 countries. The number of clients grew by almost 50%, even 100% on an international level," says Philippe A. Naegeli,Co-Founder, a...

JCN Newswire
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Eisai Commences Business Activities at New Pharma Sales Subsidiary in Israel

ruth
2 minutes

TOKYO, Jan 19, 2023 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that fully-fledged operations and business activities have begun at Eisai Israel Ltd., a pharmaceutical sales subsidiary recently established in Tel Aviv in the State of Israel (Israel). Eisai Israel is a wholly-owned subsidiary of Eisai's European regional headquarters, Eisai Europe Ltd.Israel's pharmaceutical market reached 5.3 billion USD in 2021.1 The compound annual growth rate of the Israel pharmaceutical market from 2018 to 2021 was +8.56%1 and the market is expected to continue to grow steadily, with a high penetration rate of innovative medicines.In 2011, Eisai Europe started business in Israel marketing and selling Eisai products through local distribution partners, and mainly marketed Lenvima, Halaven, Fycompa and Inovelon. Eisai Israel was established in August 2021, and in January 2023, became the marketing authorization holder of the Eisai products in Israel. Eisai Israel will now perform sales and marketing activities for these products. The company plans to launch its other global brands in the future.With the commencement of operations at Eisai Israel, Eisai aims to utilize its...

ACN Newswire
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Aneka Jaringan and Samaiden Join Forces to Tap Solar PV Potential in Indonesia

indie
4 minutes

KUALA LUMPUR, Aug 2, 2022 - (ACN Newswire via SEAPRWire.com) - Aneka Jaringan Holdings Berhad and Samaiden Group Berhad has entered into a joint venture (JV) agreement today, which will create new revenue streams for both companies via engineering, procurement, construction & commissioning (EPCC) of solar photovoltaic (PV) systems and power plants in Indonesia.Aneka Jaringan's Managing Director, Pang Tse Fui and Samaiden's Group Managing Director Ir. Chow Pui Hee [L-R]This JV provides Samaiden access to the Indonesian market and allows Aneka Jaringan which already has a presence in Indonesia via its subsidiary, PT Aneka Jaringan Indonesia, to add to its value chain in a fast-growing segment.Indonesia's renewable energy (RE) sector holds promising potential. As Southeast Asia's largest economy and with an increasing energy demand due to its rapid development, it accounts for 40% of the energy consumption in this region. As committed to the Paris Agreement, Indonesia wants to achieve net-zero emissions by 2060 or sooner. It has pledged to reduce its national carbon dioxide emission by 29% within the next decade and committed to scaling up clean power and transitioning away from c...

JCN Newswire
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Eisai Announces Acquisition of Arteryex Shares (Making Arteryex a Subsidiary) to Strengthen and Rapidly Expand the Foundation of its Digital Solution Business

ruth
2 minutes

TOKYO, Apr 1, 2022 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that Eisai has acquired a majority of the shares issued by Arteryex Inc., a company that plans and develops software related to digital solutions such as provision of medical information platforms, through purchase of shares and subscription of a third-party allocation of common shares, and made it a subsidiary, as of March 31, 2022. The two companies will work together to develop and provide PHR (Personal Health Record)-related services for patients, healthcare professionals and society at large. Eisai launched its medium-term business plan "EWAY Future & Beyond" in April 2021, where the perspective to be shifted from that of patients to The People or each consumer. With "empowering The People to realize their fullest life" as the vision, Eisai delivers not only pharmaceutical products but also solutions to The People, by utilizing the latest digital technology such as AI, and aims to remove the anxiety of The People.Arteryex has excellent software development capabilities and has developed its own PHR-related product services, including apps for storing and converting health-related inform...

JCN Newswire
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NEC Announces Transfer of Shares in a Consolidated Subsidiary

ruth
2 minutes

TOKYO, Sep 3, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced the transfer of all shares in NEC Energy Solutions, Inc. (NEC Energy Solutions), a consolidated subsidiary, to LG Energy Solution, Ltd. (LG Energy Solution). The stock transfer is scheduled to take place following completion of required regulatory clearances. In recent years, along with the spread of renewable energy, the energy storage system market is expanding. However, market competition is also intensifying. Under these circumstances, in June 2020, NEC decided to suspend taking new orders for NEC Energy Solutions, an energy-related subsidiary that mainly provides power storage systems for electric power companies and businesses, and to continue only the execution and maintenance of contracted projects. Since then, NEC has explored the possibility of selling NEC Energy Solutions, while proceeding with the discontinuation of operations for the subsidiary. As a result, NEC decided to transfer the shares to LG Energy Solution. The impact of this share transfer on NEC's consolidated financial results for the fiscal year ending March 31, 2022 will be minor.About NEC CorporationNEC Cor...

ACN Newswire
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Quantum Solutions Co., Ltd. establishes joint venture with FOMM Company Limited

indie
5 minutes

HONG KONG, Aug 23, 2021 - (ACN Newswire via SEAPRWire.com) - According to the announcement dated 12 July 2021 in respect of "Notice of Capital and Business Alliance with FOMM Limited", Quantum Solutions (hereinafter referred to as the "Company") has agreed to form a capital and business alliance (hereinafter referred to as the "Capital and Business Alliance") with FOMM Limited (hereinafter referred to as "FOMM") and a joint venture agreement was signed today.1. Purpose of setting up the joint venturePursuant to the Capital and Business Alliance, the Group has agreed to invest in FOMM. After discussion, the two parties agreed to set up a joint venture in Hong Kong, namely Quantum FOMM Limited (hereinafter referred to as the "New Company"), to manufacture and distribute electric vehicles in China, in other words to serve the two companies as a vehicle to tap the China market. Asia TeleTech Investment Limited (hereinafter referred to as "ATT"), a wholly-owned subsidiary of the Company, will contribute capital direct to the New Company whereas FOMM will contribute capital as well.2. Purpose and strategy of the Capital and Business Alliance(1) Short term plan (12 months)The New Company ...

SeaPRwire
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Futu SG’s New Referral Programme “Share leh!” Rewards Users for Sharing

pandora
6 minutes

FUTU's latest investment platform goes the extra mile to make investing easy with a community Singapore, May 4, 2021 - (ACN Newswire) - Futu Singapore Pte. Ltd. ("Futu SG"), a wholly-owned subsidiary of Futu Holdings Limited (Nasdaq:FUTU) announced the launch of its new "Share leh!" campaign on its latest one-stop investment platform, moomoo, which aims to further boost the idea of inclusivity and connectivity within the investing community. The campaign, which runs from 1 May to 31 May 2021, will provide benefits to both new and seasoned users. In line with the company's mission to "make investing easier and not alone", Futu SG has come up with an enhanced referral programme where new users and their friends are able to earn up to 20 Twitter (TWTR) shares*, which have a net worth doubling more than what was offered during the last campaign (one was previously able to earn up to S$600 cash coupon). In addition, users who had opened an account prior to the campaign can still enjoy benefits from the new referral programme as their list of referrers gets reset back to zero. Under the "Share leh!" campaign, new users will now receive 1 free Apple (AAPL) share, along with 180 days commi...

ACN Newswire
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OIO, Moonstake’s Partner and SGX listed company, appoints New CEO for its blockchain business subsidiary, Rudy Lim, former Head of FinTech at DBS Bank

indie
5 minutes

SINGAPORE, Jan 22, 2021 - (ACN Newswire) - We are pleased to announce that our regional partner OIO Holdings Limited (SGX: OIO) has appointed Rudy Lim, former Head of FinTech at DBS Bank, as its new CEO at its blockchain business subsidiary, OIO Singapore Pte Ltd, effective 18th of Jan 2021 to accelerate blockchain business deployment and B2B (Business to Business) staking as a service solution.In February 2020, Moonstake and OIO entered into a strategic business alliance to jointly own the Intellectual Property ("IP") for staking-related products that Moonstake developed and to collaborate together in various business activities. After inking a business strategy and IT consulting contract between Moonstake and OIO in August 2020, OIO focused on enterprise sales of B2B staking products developed by Moonstake. Staking market cap that was 12 billion USD value in January 2020 has drastically surged in one year and now it is 190 billion USD. Rudy's joining OIO Singapore Pte Ltd will enhance the business of Moonstake and its partners in this rapidly growing market.Formerly the Head of Fintech in DBS Bank, Rudy was able to envision the need of striking modification in traditional banking...