ACN Newswire

Announcement of Intention to Delist American Depositary Shares from the New York Stock Exchange and Intention to Deregister and Terminate Reporting Obligations under the U.S. Securities Exchange Act

indie
5 minutes

BEIJING, CHINA, Aug 12, 2022 - (ACN Newswire via SEAPRWire.com) - Aluminum Corporation of China Limited ("Chalco" or the "Company")(NYSE: ACH; HKEx: 2600; SSE: 601600) today announced that it has notified the New York Stock Exchange ("NYSE") on August 12, 2022 (U.S. Eastern Time) of its proposed application for voluntary delisting of its American depositary shares (the "ADSs") from the NYSE and deregistration of such ADSs and the underlying overseas listed foreign shares (the "H Shares", with a par value of RMB1 each) under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Due to a number of considerations, including the limited trading volume of the ADSs of the Company as compared to the worldwide trading volume of H Shares of the Company, and the considerable administrative burden and costs associated with maintaining the listing of the ADSs on the NYSE and the registration of the ADSs and the underlying H Shares with the U.S. Securities and Exchange Commission (the "SEC") and complying with the periodic reporting and related obligations under the Exchange Act, the board of directors (the "Board") of the Company approved the delisting of the ADSs from the...

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Enhancing Indonesian state-owned enterprises (SOEs) through clustering

indie
6 minutes

JAKARTA, Mar 5, 2022 - (ACN Newswire via SEAPRWire.com) - President Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.SOEs Minister Erick Thohir (ANTARA/HO-Kementerian BUMN/pri)On October 14, 2021, Jokowi stated that he was pleased to witness the clustering of container terminal operator and port development firm Pelindo into one holding, which was PT Pelabuhan Indonesia, to cuts logistics costs and helps improve connectivity throughout Indonesia.According to Jokowi, the clustering forms into one great power, as it builds networking with partnerships abroad. "Through partnering with overseas companies who have networks, the (SOEs') link to all countries can become a huge power," the president remarked.Through clustering, SOE companies have shown above-standard or even excellent work performance that has contributed significantly to the state budget.According to data from the National Development Planning Board (Bappenas) in 2019, the estimated total budget for infrastructure development in the period of 2020-2024 was US$447 million or Rp6,445 trillion, and 21 percent of them c...

SeaPRwire

Former LTA officer charged with offence under Official Secrets Act

aseanpr
1 minute

SINGAPORE - A former Land Transport Authority (LTA) officer appeared in a district court on Tuesday (Dec 7) for allegedly retaining work-related documents on his personal laptop after he left the organisation. Benny Tan Yong Liang, 34, who used to work as an assistant environmental manager at LTA, has been charged with an offence under the Official Secrets Act. He accused of retaining the documents between Nov 20 last year and March 8, even though he had no right to do so. Court documents did not provide details about the work documents or state when he left the LTA. The Singaporean's case has been adjourned to Jan 4 next year. If convicted of the offence, he can be jailed for up to six months and fined up to $1,000. More on this topic Related Story Woman who leaked number of daily Covid-19 cases last year fined $10,000 Related Story NLB deputy director charged under OSA with leaking details of phase 2 reopening

SeaPRwire

Warrant of arrest issued against elderly man accused of assaulting bus driver

aseanpr
2 minutes

SINGAPORE - An elderly man accused of assaulting a bus driver last month had a warrant of arrest issued against him after he failed to turn up in a district court on Wednesday (Dec 1). Ahmad Robinson, 70, who was expected to be handed two more charges for a drug-related crime and an offence under the Covid-19 (Temporary Measures) Act, failed to appear before District Judge Terence Tay. A review on matters involving his warrant of arrest will take place in March next year. Ahmad and Aziz Khan Sher Khan, 61, are said to have failed to wear their masks properly when they boarded bus service 2 at around 11am on Nov 2. The police said in an earlier statement that the two Singaporean men became unhappy when bus driver Hew Kim Keong highlighted the matter to them. The pair then allegedly rained blows on Mr Hew, causing him to suffer a nasal bone fracture. Police arrested Ahmad and Khan later that day. On Nov 3, they were each charged with one count of voluntarily causing grievous hurt to Mr Hew. Khan was on Wednesday handed two more charges - one count each of theft as well as an offence under the Covid-19 (Temporary Measures) Act over his alleged failure to don a mask properly on the bus...

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JSP Pharmaceutical Manufacturing (SET: JP) debuts shares on MAI

pandora
4 minutes

Aims to be leader in R&D, production and distribution of medicines and nutritional supplements BANGKOK, Nov 2, 2021 – (ACN Newswire) – JSP Pharmaceutical Manufacturing (Thailand) PCL (SET: JP), a developer, manufacturer and distributor of modern and traditional medicines, herbal products and nutritional supplements, is debuting on the MAI today. JSP is ready to pursue growth through developing new products under own brands, aiming for higher profit margins by boosting own brand sales to 50% of total sales of all products, while increasing capacity, improving capital management efficiency, expanding OEM production, and ultimately leading in the R&D, production and distribution of medicines and nutritional supplements. Dr. Sittichai Daengprasert, Chief Executive Officer of JSP Pharmaceutical Manufacturing (Thailand) PCL, whose shares will begin trading on the SET Market of Alternative Investment (MAI) today in the Consumer Products sector under the symbol JP, says it is a crucial step for the company to pursue sustainable growth in order to become a leader in the R&D, manufacture and distribution of medicinal and nutritional supplement products in Thailand. It plans to dr...

SeaPRwire

S’pore to allow quarantine-free travel to 9 more countries including US, UK

aseanpr
5 minutes

SINGAPORE - Travellers vaccinated against Covid-19 will be able to fly to nine more countries and return without quarantine in the coming weeks, in the Republic’s biggest move to reopen its borders so far. Travel to Singapore will also be made easier, with visitors under the Vaccinated Travel Lane (VTL) scheme only needing two Covid-19 swab test in order to enter Singapore, down from the current four. The two are: a pre-departure and on-arrival polymerase chain reaction (PCR) test. From Oct 19, vaccinated travellers be able to fly to Canada, Denmark, France, Italy, the Netherlands, Spain, Britain and the United States. The scheme will be extended to South Korea from Nov 15, the Ministry of Transport had said on Friday (Oct 8). Travellers from the nine countries will be able to enter Singapore without quarantine under the VTL scheme. Transport Minister S Iswaran announced the update to Singapore border measures on Saturday during a press conference by the multi-ministry task force handling the Covid-19 pandemic. The nine countries are already open to travellers from Singapore, or will be open by the time the VTL starts. This would allow Singapore residents to travel, including for l...

SeaPRwire

Applications open again for SG Eco Fund, with new category, simpler process

aseanpr
3 minutes

SINGAPORE - People with ideas for community projects which advance environmental sustainability here can once again tap on a fund from the Government. And this time there is a new category, under which the application is simpler and processing faster. Applications for the second grant call for the SG Eco Fund opened on Thursday (Aug 26) and will remain open until Oct 17. The $50 million fund was set up in November 2020 by the Ministry for Sustainability and the Environment (MSE), to support the co-creation of solutions for a sustainable Singapore. The first grant call was open from Nov 25, 2020 to Jan 31 this year, and 37 projects were awarded a total of $3.7 million in funding. These included a self-help recycling zone by the Buddhist Compassion Relief Tzu-Chi Foundation, and a laptop repair and upcycling workshop by non-profit organisation Engineering Good. Announcing the second grant call at a virtual event on Thursday, Minister for Sustainability and the Environment Grace Fu said it would feature a "Sprout" funding category to spur more ground-up action. This offers a simpler application process for projects seeking funding of up to $10,000. Instead of a written proposal, appli...

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Yincheng Life Service Announced 2021 Interim Results

indie
9 minutes

HONG KONG, Aug 20, 2021 - (ACN Newswire via SEAPRWire.com) - Yincheng Life Service CO., Ltd. ("Yincheng Life Service" or "the Company", together with its subsidiaries, "the Group") (Stock code: 1922) announced its interim results for the six months ended 30 June 2021 (the "Period").From left to right: Executive Director, Deputy Director and CFO, Huang Xuemei, Chairman and Non-executive Director, Xie Chenguang, Executive Director and President, Li Chunling, Director of the Center of Capital Market, Xu ZanResults performance has risen steadily with revenue and profit increasing over 40%During the Period, the Group's revenue increased by approximately 41.0% period-on-period from approximately RMB416.9 million to approximately RMB587.7 million. The revenue from the property management services reached RMB461.8 million, representing an increase of 37.3% period-on-period and accounting for 78.6% of total revenue. The revenue from community value-added services increased by 56.3% period-on-period to RMB125.7 million, accounting for 21.4% of total revenue.As compared with the corresponding period in 2020, Profit for the Period increased by 47.2% period-on-period to RMB44.0 million and prof...

SeaPRwire

Over 90 hotels in S’pore have served as quarantine or stay-home notice facilities

aseanpr
2 minutes

SINGAPORE - As Covid-19 infections continue to rise, the number of hotels that have served as isolation facilities has jumped from more than 70 in May to more than 90 as at Wednesday (Aug 4). Since March last year, these hotels have - at some point - been used as government quarantine facilities or stay-home notice dedicated facilities (SDFs). They are activated based on current needs, the Ministry of National Development (MND) told The Straits Times. It did not say how many hotels are currently serving as such facilities. SDFs refer to accommodation for incoming travellers who are issued with stay-home notices, while government quarantine facilities are for those who need to be isolated, as they have come into close contact with Covid-19 cases. Depending on the circumstances, people who are under a quarantine order or SHN can also serve it at home, MND noted. As at Wednesday, there were around 14,000 people under quarantine, 5,000 of whom were placed in government quarantine facilities, according to data from the Ministry of Health (MOH). On Tuesday, MOH apologised for delays in ferrying people under quarantine orders to the facilities. It said the number of people under quarantin...

SeaPRwire

800 more interim rental flats under HDB scheme but qualifying household income capped at $7,000

aseanpr
5 minutes

SINGAPORE - An additional 800 interim rental Housing Board flats will be set aside for families affected by Build-To-Order (BTO) construction delays, but there will be stricter eligibility criteria for those wishing to apply for these units. To apply for a unit under the Parenthood Provisional Housing Scheme (PPHS) from Wednesday (Aug 4) onwards, the household combined monthly income cannot be more than $7,000, said the HDB on Tuesday. The income reflected at the point of sales application for the BTO flat will be the basis for consideration, said HDB. Households whose incomes have fallen to $7,000 and below since their sales application may contact HDB directly. The household income ceiling is to ensure that the flats, which are highly subsidised, are allocated to those who are less able to afford renting a flat on the open market, said HDB. The PPHS provides interim housing to households awaiting the completion of their BTO flats with units allocated by ballot. Rents range from $400 for a two-room flat in Marsiling, $600 for a three-roomer in Hougang and $1,500 for a four-room unit in Tiong Bahru. Priority will be given to married couples with children aged 18 and under in the se...

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Edvantage Group (0382.HK) Announced Its Business Update for the First 3 Quarters of FY2021

indie
6 minutes

HONG KONG, Jul 26, 2021 - (ACN Newswire via SEAPRWire.com) - Edvantage Group Holdings Limited ("Edvantage Group" or the "Group", stock code: 0382.HK), the largest private higher education group in Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area"), is pleased to announce its update on certain latest unaudited financial and operational information for the nine months ended 31 May 2021 (the "Period under Review").Shenzhen venue, Edvantage Group's Shenzhen Office, from the left: Mr. Sunny Yan, Director of ICF & IR; Ms. Liu Yi Man, Executive Director and Chief Executive Officer; Ms. Liu Wenqi, Chief Operating OfficerHong Kong venue, Edvantage Group's Hong Kong Office Mr. Simon Wong, CFO and Company SecretaryActual view of Jiangmen Xinhui new campus (Phase I) of Guangzhou Huashang Vocational CollegeIllustration of Jiangmen Xinhui new campus of Guangzhou Huashang Vocational CollegeBusiness Highlights (Unaudited data for the 9 months ended 31 May 2021)-- Revenue (including income from vocational education business1) grew by 47.9% YoY to approximately RMB901.3 million;-- Income from vocational education business increased by 270.0% YoY to approximately RMB42.0 million,...

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IBI Group Delivers Exceptional Results with Net Profit Surging 151.5%

indie
5 minutes

HONG KONG, Jun 24, 2021 - (ACN Newswire via SEAPRWire.com) - IBI Group Holdings Limited ("IBI" or the "Company", together with its subsidiaries as the "Group"; Stock Code: 1547), a publicly listed company that holds investments in companies focusing on the Built Environment, today announced its business results for the financial year ended 31 March 2021 ("FY2021"), nothing short of remarkable in light of the devastating impact to the global economy caused by the COVID-19 pandemic.During the year under review, the Group recorded revenue of approximately HK$556.7 million (FY2020: HK$591.1 million). Though its revenue dropped slightly, its gross profit increased by 53.1% to HK$79.4 million. Profit attributable to the owners of the Company for the year surged by 151.5% to approximately HK$54.4 million, mainly attributable to the strategic investments made during FY2021. Basic and diluted earnings per share climbed 151.9% to HK6.8 cents. The Group maintained a strong financial position with cash and cash equivalents of approximately HK$87.1 million and no bank borrowings as at 31 March 2021. The Board has recommended payment of a final dividend of HK4.0 cents per share for the year ende...

JCN Newswire
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All-New Lexus NX Premieres, Heraldling the Start of the Lexus Next Chapter

ruth
3 minutes

Toyota City, Japan, Jun 14, 2021 - (JCN Newswire via SEAPRWire.com) - Lexus announced the world premiere of the all-new NX, the first model of Lexus' next-generation range. The NX, as well as the forthcoming model lineup, will better meet the diversifying needs and lifestyles of customers the world over, and in doing so, will promote the realization of a carbon-neutral society.Lexus NX (Prototype)Since its establishment in 1989, Lexus has been committed to the spirit of innovation and has continued to take on the challenge of providing new technologies and values to its customers. With the launch of the first-generation RX in 1998, Lexus created a new category of luxury crossover SUV and has been a leader in the realm ever since. In 2014, Lexus launched the NX, based on the concept of "Premium Urban Sports Gear." Since then, the luxury crossover has been well-received by customers for its agile driving performance and powerful design. As of the end of April 2021, the NX has sold a cumulative total of approximately 1 million units in more than 90 countries and regions, and together with the RX, has grown to become a core global model for Lexus.The new NX is the first model to introd...