Author: Asia PEVC

Global Cloud Experts Gathered together to Discuss the Roadmap for Cloud Adoption in the Kingdom of Saudi Arabia

In an age of unprecedented possibilities, World Cloud Show – KSA attracted prominent voices in the cloud space. Some of the top speakers who attended the event that took place on 29 March 2021 included, Fahad A. Alhamed, Chairman of the board, Saudi Cloud Computing Association; Khalid Alohali, Emerging Technology and Innovation leader, Oracle; Badar Khan, Director of Digital Mobility, NEOM and Salem Mohammed Baras, Director, Cloud and Digital Platforms, Solutions by STC; A Karthik, Chief Evangelist, ManageEngine to name a few.

World Cloud Show – KSA covered key topics such as Cloud Computing and Digital Transformation in the New Normal, Cloud framework and security strategies for the KSA Government Authorities, Overcoming Hybrid Cloud Management Challenges, Powering Cloud Computing with AI: The dynamic-duo and more.

Highlights and key takeaways from World Cloud Show – KSA

A tech talk by Khalid Alohali – Emerging Technology and Innovation leader at Oracle focused primarily on the importance and key drivers of cloud adoption. He also shed light on the importance and key drivers of cloud adoption.

The show also featured an interesting tech talk by Nabil Zoldjalali, Director of Cloud Security, Darktrace on the topic “Weathering the Storm: the challenges of securing Cloud & SaaS applications.”

In a panel discussion on the topic ‘Cloud framework and security strategies for the KSA Government Authorities’, moderated by Abdelmajed A Saeed, Tech Speaker, Cyber Security/ AI/ Technology Expert, the panellists discussed key areas such as Legal framework and strategies for the Cloud Deployment in KSA region, Smart Cities and Cloud Technologies: challenger or enabler and much more.

The panellists who joined the discussion included Faisal Bin Humaid – Executive Manager, Cybersecurity & Risk OT/IT, ACWA Power; Ahmed Aldammas, Executive Director Cybersecurity and Risk at The Council Of Cooperative Health Insurance and Dr. Aseel Addawood, KSA AI & Data Science Ambassador, Oracle.

“The global pandemic has raised its profile and fuelled cloud adoption, with IT now being seen more strategically than before Covid-19,” said Mohsin Raza Khan, SE Manager, Nutanix in his keynote at the World Cloud Show – KSA.

A tech talk by Karim Kalaawi, Executive Vice President – Alliances, Cloud4C and Ram Sajja, Global Head – Cloud Engineering and Operations, Cloud4C spoke about how Covid-19 has accelerated digital transformation and also explained how Cloud4C can help different organisations in adopting cloud.

The show also featured an interesting International fireside chat which emphasized the importance of data privacy and how each country has set its data privacy policies in place.

The speakers who joined the discussion included Vijay Bharti – CISO and SVP of Cyber Security Practice, Happiest Minds Technologies and Juan Kanggrawan, Head of Data Analytics, Jakarta Smart City.

In a tech talk by Girish Chandangoudar, VP, Head of Infrastructure Management Service, Happiest Minds Technologies, shared his perspective on the rise of hybrid cloud technology over the past 20 years. He also discussed the challenges faced by enterprises and how to overcome them through a phased approach, key building blocks for monitoring, managing and securing the hybrid cloud.

“Virtual events are an excellent opportunity for everyone in the industry to come together during these difficult times. Affordable and intelligent cloud solutions & strategies are the need of the hour,” says Mithun Shetty, CEO of Trescon.

The show was hosted on the virtual events platform Vmeets which helped the participants to network and conduct business in an interactive and immersive virtual environment. Participants were also able to engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

The show also featured some interesting giveaway contests by the Platinum Sponsors – Cloud4c and Happiest Minds. The winner of the Cloud4c giveaway walked home with a Samsung Galaxy Tab where as the winner of the Happiest Minds giveaway walked home with a 3 hours of complimentary consulting on Cloud infra and Security Services Adoption.

Endorsed by the Saudi Cloud Computing Association, World Cloud Show – KSA was powered by Oracle and was officially sponsored by Lead Sponsor – Darktrace; Platinum Sponsors – Nutanix, Cloud4C and Happiest Minds and Sliver Sponsor – ManageEngine

About World Cloud Show

World Cloud Show takes place in strategic locations across the world which gathers pre-qualified CIOs, CEOs, CTOs, Heads of Research, Industry Practitioners, IT Decision Makers and Experts in Cloud Computing among others from cross-industry verticals.

The show will feature exciting keynotes, government and enterprise use-case presentations, product showcase, panel discussions and tech talks to discuss the latest challenges and explore the latest applications of cloud-based solutions.

For further details about the announcement, please contact:
Karthik A
Marketing Lead
Trescon
marketing@tresconglobal.com

Agilex Biolabs acquires leading biolab TetraQ for APAC Expansion Plans

Agilex Biolabs, Australia’s largest and most technologically advanced specialist bioanalytical laboratory for clinical trials, today announced the acquisition of leading biolab TetraQ, based at the University of Queensland. Agilex Biolabs CEO Jason Valentine said they were very pleased with the purchase of the high-calibre bioanalytics company.

“TetraQ complements the Agilex Biolabs work in Australia and APAC with its expert staff and years of experience in regulated bioanalytical services,” he said. “The TetraQ purchase is part of our regional expansion plans. Agilex Biolabs is already the largest and most technologically advanced biolab in Australia, and the TetraQ addition to the business will further expand support for biotech clients running trials in Australia.” “We are also looking forward to introducing our clients to the well-established TetraQ toxicology capabilities for their discovery and pre-clinical work in Australia, which can also attract the 43.5% tax rebate. The clinical trials bioanalytics sector is one of the fastest-growing services globally with Australia and APAC a preferred location for conducting trials – especially since the COVID-19 pandemic.”

TetraQ Director Dr Peter Tapley said he was very pleased that TetraQ was now an Agilex Biolabs company. “They are the leader in the sector with 24 years of experience, and offer our clients a significantly expanded range of services and technologies,” he said.

“Agilex Biolabs is known globally for its comprehensive services, specialist scientists, and the very latest technology. So this is the ideal next step for TetraQ and its staff and clients. I am pleased to be working alongside Agilex Biolabs’ CEO Jason Valentine as we expand our offering and leverage the synergies that make our two companies leaders in the sector.”

Agilex Biolabs specialises in bioanalysis of small molecules and biologics for PK, immunogenicity, biomarker and immunological pharmacodynamics assessments utilising LC-MS/MS, immunoassay (Mesoscale, Gyrolab, Luminex) and flow cytometry (BD FACSymphony A3, 20 colour cell analyser).

Agilex also offers pharmacodynamics services that include immunobiology services using the latest state-of-the-art technology to support immunology, cell biology and mode of action assays, including:

  • Immunophenotyping
  • Receptor occupancy
  • Cytokine release assays (whole blood or PBMC stimulation assays) and cytokine/biomarker profiling
  • PBMC assays and cellular mechanism of action assays (eg: ADCC)

Agilex Biolabs has 75 dedicated laboratory staff, and supports clinical research for biotech clients from US, Europe and APAC. The company recently launched a GALEXI client portal, and has taken delivery of two more Sciex API 6500+ LC-MS/MS systems. Key certifications include OECD GLP Recognition with NATA (Australian Government OECD GLP Compliance monitoring authority) and an ISO 17025 global accreditation.

About Agilex Biolabs — www.agilexbiolabs.com.
Agilex Biolabs, Australia’s leading bioanalytical laboratory, has more than 20 years’ experience in performing regulated bioanalysis, including quality method development, method validation and sample analysis services. We have successfully supported hundreds of preclinical and clinical trials around the world where customers choose Australia for the streamlined regulatory process and access to the world’s most attractive R&D rebate of more than 40% on clinical trial work conducted in Australia. We offer services for both small molecules and biologics for PK, immunogenicity (PD) and biomarker bioanalysis utilising LC-MS/MS and Immunoassay platforms.

About TetraQ — www.tetraq.com.au.
TetraQ is a Brisbane-based provider of bioanalytical and rodent toxicology and pharmacokinetics services for new drug and vaccine products. Our facility has NATA recognition for compliance with the OECD Principles of Good Laboratory Practice (GLP). Our bioanalytical facility is located at the Royal Brisbane and Women’s Hospital, and our in-life studies are run in a custom unit at the St Lucia campus of The University of Queensland. These two arms of TetraQ offer coordinated support for clients bringing pharmaceutical products to market.

TetraQ’s bioanalytical facility determines small molecule and protein concentrations in matrices including plasma, serum, urine and tissue homogenates. We can develop and validate methods to support pharmacokinetic (PK) sample analysis for both pre-clinical and clinical studies. We also offer pharmacodynamic (PD) analysis of biomarkers based on commercial ELISA kits or Meso Scale Discovery multiplex technology.

Agilex Biolabs media contact:
Kate Newton
Media@AgilexBiolabs.com

AVIA OTT Summit 2021 – The Future of Video Streaming is Here!

With the streaming wars well underway and more competition than ever, consumers are streaming more and spending more, with greater churn than we’ve ever seen before.

The Asia Video Industry Association’s (AVIA) OTT Summit – The Future of Video Streaming welcomed 900 delegates and featured over 80 industry experts and leaders across the four-day conference this year.

Opening the OTT Summit was the streaming analyst Matthew Ball, Managing Partner of Epyllion Industries, who presented a deep dive into the OTT industry in the United states, being the most mature, most competitive, and most valuable video market with the most consumptive media consumers in the world.

In his session he highlighted that new subscriptions continued to dramatically outpace churn and content was clearly the key differentiator. And while content was king when it came to subscriber acquisitions, as a market matures it exhibits an unmistakeable preference for local content, as seen across the likes of China, India, Russia and France. “The OTT video industry is ultimately about content and the ability to create hit content is not equal,” added Ball. Another key point was the fact that aggregation was already here with services such as Apple and Amazon TV.

This aggregation has led to a change in the way platforms operate today. For Euan Smith, Group COO and CEO, TV, Astro, their role as a platform was finding the best content and packaging it up into attractive bundles for the consumers in the most simplistic and attractive ways. Emily Wee, VP of Content & Operations at TM Net, also shared platforms were no longer the gatekeepers, as there were many ways for the consumers to subscribe now. “For the consumer… there has to be real value that we as the middleman put into the equation.”

Putting the consumer at the heart of everything remained a key theme throughout the Summit, especially when it came to content strategy. For Kranti Gada, COO of Shemaroo Entertainment, their strategy was two-fold, with differing content to acquire consumers, and to keep them on the platform, as content challenges to fulfil consumer needs remained. As Lynn Ng, VP and Head of Content, APAC at Discovery Inc. summed up, “Ultimately, it comes down to consumer love.”

However, addressing and monetizing these consumers remains the big question for premium video advertising. While OTT and Connected TV have grown exponentially both in volume and share, there is still a lot of education to be done as there is a lot more diverse ecosystem in TV now. Shared Anita Munro, Chief Investment Officer at Mindshare APAC, understanding consumption, understanding audiences and knowing where viewing is moving to is key to creating more seamless consumer journeys and more immersive content experiences.

Rounding up the Summit, the technology panels also shared customer experience as the next frontier for innovation. For Raul Aldrey, Chief Product Officer at MediaKind, live sports presented the opportunity for hyper personalized experiences where fans could dictate how they wanted to interact with the content. Pankaj Kedia, MD, Emerging Markets, Dolby Laboratories, also saw a lot of opportunity for both content creators and service providers to uplevel their game, for higher engagement, consumption and monetisation. As Sunita Kaur, SVP, APAC, Twitch concluded, “Customer experience… is what is going to drive our future.”

The OTT Summit is generously supported by Gold Sponsors Brightcove, Google, Irdeto, TV5MONDE, Xandr and Silver Sponsors Alibaba Cloud, Encoding.com, iWedia, Kaltura, Lionsgate, Mediacorp, MediaKind, NETFLIX, PubMatic, SmartLabs, Synamedia, Vindicia, WarnerMedia, Zixi.

About the Asia Video Industry Association
The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org
LinkedIn: www.linkedin.com/company/asiavideoia
Twitter: @AsiaVideoIA

Ni Hsin to Expand Energy Coffee Business through Partnership with O&G Cooperative

BlackBixon Coffee to expand its market reach via new partnership

Ni Hsin Resources Berhad’s (Ni Hsin) food and beverage arm, Blackbixon Sdn Bhd (BlackBixon), has signed a brand partnership agreement with Koperasi Tenaga dan Petroliam Berhad (KTP), a cooperative for entrepreneurs in the oil and gas (O&G) industry, to grow the market for the ‘BlackBixon’ energy coffee drink.

The partnership will see BlackBixon retailing its drinks at various onshore and offshore O&G locations owned by members of KTP. This agreement will not only benefit BlackBixon through having more locations to distribute the energy coffee drink, but also benefits members of the cooperative, who will have another source of income through their participation in the BlackBixon business.

Present at today’s signing ceremony were the Guest of Honour, Encik Yazid Jaafar, President/Chief Executive Officer of Malaysia Petroleum Resources Corporation; Encik Sofiyan Yahya, Chairman of KTP and Mr. Khoo Chee Kong, Managing Director of BlackBixon.

Khoo said, “KTP is a cooperative established by professionals from the energy sector in 2019. One of KTP’s main mission is to enhance the economic and social well-being of its members through investment and entrepreneurial activities. BlackBixon’s business model fits in nicely, promoting small scale business which the members of KTP can participate.”

“As BlackBixon’s Brand Partner, KTP offers extensive networking and marketplace, primarily among the oil & gas and energy sectors. KTP also has an online business platform called edagang. We are optimistic this growing online business platform will further enhance the visibility of and offer business opportunities for BlackBixon. We view this Brand Partnership Agreement between KTP and BlackBixon as synergistic for both parties. Together, we are POWERING THE ENERGY PEOPLE!” he added.

BlackBixon represents the first venture by Ni Hsin into the F&B industry, with other plans in the pipeline to grow the business regionally given the heightened interest in energy drinks combined with the coffee-drinking culture of today.

Blackbixon recently appointed Red One Network Sdn Bhd, a mobile virtual network operator (MVNO), to market and retail BlackBixon coffee to its 1.2 million subscribers.

Subsequently, Ni Hsin also filed for a patent for BlackBixon’s invention, which includes the composition for boosting energy level, anti-fatigue and boosting mental alertness as well as use of the composition thereof, to protect the Company’s rights and to secure competitive advantage for its F&B business in selling products using the invention.

BlackBixon Energy Coffee is a composition providing the benefits of caffeine and ribose in combination when consumed. The drink accentuates the human body’s natural process of energy synthesis while at the same time lessening fatigue and boosting the mental alertness of an individual.

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

Volcano IPO Debut Sees Jump of 100% to 70 sen on ACE Market

Volcano Berhad (“VOLCANO”, Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today.

From left: Volcano Berhad’s Executive Director/Chief Financial Officer Khoo Boo Wui, Executive Director Gan Yew Thiam, Managing Director Datuk Ch’ng Huat Seng, Executive Director Yeap Guan Seng and Executive Director Dato’ Wong Tze Peng

Chairman of Volcano, Ms. Wong Wan Chin, said: “Aside from making the Group more visible, this IPO will also help with the expansion of Volcano. In today’s highly competitive business environment, this expansion will accelerate our move towards automation and streamline our manufacturing process to ensure sustainable growth. We seek to capitalise on our current regional presence, particularly in Thailand and Singapore, to tap into the immense business opportunities available from the rising growth of the electrical and electronics and automotive industries.”

Volcano’s foreign market accounts for more than 95% of overall revenue in the financial year ended 31 December 2020. Multinational companies comprise 90% of the sales including some leading brand names such as Bernina, Hewlett Packard, Fisher & Paykel Thailand, Donaldson Thailand, Sharp Indonesia and Panasonic Thailand.

Today’s listing follows from the Balloting Ceremony on 26 March where Volcano recorded an overall oversubscription rate of 176.60 times from the new shares made available to the Malaysian public.

“While we are humbled by the reception to our IPO from the investing public, we also recognise there are challenges with the fluctuation in raw material prices, exchange rates and the ongoing COVID-19 pandemic. Nonetheless, I am confident that Volcano will thrive as we have the knowledge, we came from hard work and experience, and we have a team of loyal, talented, committed and resourceful people. They are indeed the greatest asset of the Group. Given this, we are optimistic about our growth and future moving forward,” said Wong.

Trading of Volcano shares on Bursa Securities on a ready basis commenced at 9:00 A.M. (Malaysian time) on 6 April 2021, under the stock name of VOLCANO and Stock Code: 0232.

TA Securities Holdings Berhad is the Principal Adviser, Sole Placement Agent, Sole Underwriter and Sponsor for the IPO exercise.

For more information, please contact:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

Avantor Named Best Bioprocessing Supplier in Single-Use Manufacturing at Asia-Pacific Bioprocessing Excellence Awards 2021

Avantor Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies and applied materials industries, was named Best Bioprocessing Supplier in Single-Use Manufacturing at the Asia-Pacific Bioprocessing Excellence Awards 2021 held recently.

The award recognizes Avantor’s contributions in facilitating biomanufacturing excellence with enhanced speed, reduced cost and superior quality, and reaffirms its critical role in biomanufacturing of biologics. Avantor was also awarded Best Company in Bioprocessing Excellence for Single-use Solutions at Biologics Manufacturing Korea 2020.

Narayana Rao Rapolu, Vice President, Biopharma Asia Middle East & Africa for the Company said, “Avantor has long been an open-architecture, single-use provider, offering complete design, manufacturing and logistics to support every stage of the biomanufacturing process. Our work in biopharma has never been more important. From the small-scale bench, to pilot plant and full commercial manufacturing, we enable our customers to reach the market with new treatments for patients – faster, safer and smarter.”

Significance of single-use technologies:
– Robust and scalable, enabling transformative treatments to reach more patients globally.
– According to BioPharm International, a publication that integrates the science and business of biopharmaceuticals, single-use technologies are used in nearly 85% of pre-commercial manufacturing of biologics.
– Applications of biologics include monoclonal antibodies (mAbs) used in therapeutic solutions for immune-oncology and immunotherapy and cell and gene therapies which help to treat challenging illnesses, such as some cancers and genetic diseases.

For more information about Avantor’s single-use solutions for biopharma manufacturing, watch this video: https://youtu.be/mfjZEfO_RVM.

About Avantor

Avantor, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. One of our greatest strengths comes from having a global infrastructure that is strategically located to support the needs of our customers. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world.

For information, visit avantorsciences.com and find us on:
LinkedIn: https://www.linkedin.com/company/avantorinc/
Twitter: https://twitter.com/Avantor_News
Facebook: https://www.facebook.com/Avantorinc/

About Asia-Pacific Bioprocessing Excellence Award 2021 (ABEA)

The Asia-Pacific Bioprocessing Excellence Awards seeks to give recognition to exceptional bioprocessing experts, organizations and technologies that facilitate biomanufacturing excellence with enhanced speed, reduced cost, and superior quality. 2021 marks the fifth year of ABEA, which was first established in 2017 and backed by industry requests.

AMEA Media Contact
Christina Koh
Director – Communications, AMEA
Avantor
Phone: +65 9170 0169
Email: Christina.Koh@avantorsciences.com

Source: Avantor and Financial News

Join Asia’s top Cloud and Cybersecurity Experts as they discuss Industry 4.0 developments at Digital Week, 20-22 April 2021

Digital Week: Northeast Asia is bringing together 2,500+ Cloud and IT professionals and 50+ renowned international speakers for a three-day event covering the region’s most exciting technological developments.

From 20-22 April 2021, you can join this virtual conference for live Q-and-A sessions, expert panel discussions, and live product demonstrations. Hear insights from regional tech giants including IBM, Rakuten, Cloud Security Alliance, Coupang, HSBC, AWS, Microsoft, and many more!

Each day will highlight a specific market: Korea, Japan, Mainland China, Hong Kong, and Taiwan, offering a chance for local players to share their experiences and predictions for the future of their industries.

Whether you’re interested in cloud security or the rise of digital banking, Digital Week has something for everyone as we explore the Cloud & IT ecosystem of Northeast Asia.

Want to know more? Registration is now open and completely free, so sign up today to begin networking with industry peers, building your personalised conference agenda, and access exclusive pre-show content.

Full Agenda and Speaker Lineup here: https://w.media/digital-week/.

About W.Media

W.Media is a global B2B technology marketing agency specialising in PR, Media, and Events. It is the anchor of the cloud, datacenter and cybersecurity communities in Asia Pacific, combining market knowledge and network to uplift brands via targeted communication. W.Media educates both industry stakeholders and the public on the latest developments in these industries through personalized engagement with the marketplace.

From its founding in 2018, W.Media began organising Cloud & Datacenter Conventions throughout the APAC region, in countries such as Vietnam, Malaysia, Indonesia, Thailand, Singapore and South Korea. In 2020, W.Media complemented its in-person events offerings by launching a series of webinars to connect top industry professionals in the three pillars driving tech today: Cloud, Cybersecurity, and Datacenters.

Beyond events, W.Media works closely with its clients to curate effective content marketing, editorial coverage, and digital advertising campaigns. This expertise and expansive regional network make W.Media a key player in Asia’s Cloud and Datacenter market.

About Digital Week (Northeast Asia)

Digital Week is back! Now is your time to explore new markets and network with an even wider range of industry peers.

With cloud migration and storage demands at an all-time high, it’s essential to stay up to date on the market’s latest developments and technologies. So, our W.Media team has created a space for IT professionals to come together and share their insights while reaching an even broader, digitized network: Digital Week.

Our Digital Weeks combine the informational expertise of a leading webinar series with the personal touch of in-person conferences and exhibitions. This three-day virtual event brings together experts from the Cloud, Data Center, and Cybersecurity industries to share both regional overviews and local observations, as well as enables you speak directly to potential clients or future business partners one-on-one!

Digital Week North Asia will focus on explosive growth in cloud and datacenter technologies across Japan, Korea, Mainland China, Taiwan, and Hong Kong. These markets have long been leaders in technology for not just Asia but the rest of the world. While some of Asia’s emerging economies like Indonesia and Thailand are making great strides in the cloud market, corporations still prefer mature economies in North Asia that can provide them with a strong power network and more reliable uptime. Because multiple deep-sea cables between the USA and Asia pass through these countries, the island also provides a geographic advantage to the American tech giants.

Central Global Berhad Proposes Private Placement of up to 18 Million New Shares

Proceeds of private placement to be used for new machinery and construction project funding

Main Market-listed Central Global Berhad (CGB) has proposed a private placement of up to 18 million new shares representing not more than 20% of the Group’s total number of issued shares to qualified third-party investors to be identified at a later date.

Central Global Berhad’s factory in Sungai Petani, Kedah

CGB is a manufacturer of specialised industrial tapes and label stocks that pioneered industrial hi-temp masking tapes manufacturing and is a one-stop solution provider for crepe paper masking. The Group’s other business is construction, where it is currently mostly active in the northern region of Peninsular Malaysia.

The proposed placement may be implemented in several tranches within six months from the date of approval from Bursa Malaysia Securities Berhad (“Bursa Securities”), with there being potentially several price-fixing dates and issue prices of the placement shares to be determined separately and fixed by the Board of Directors of CGB after the approval from Bursa Securities. These new shares[1] will carry the same rights as the existing issued shares.

The proceeds from the private placement will be used for a new masking tape coater production line, funding for an existing construction project, working capital and, estimated expenses related to the private placement exercise.

The Group’s Board of Directors have laid out plans to fortify the manufacturing business while at the same time expand the construction business through more contracts.

CGB executive chairman Dato’ Faisal Zelman said, “The private placement exercise is in line with our plans for the production of masking tapes in the Group’s manufacturing business. We want to focus on keeping critical production volumes up, undertake efforts to drive efficiencies in production that can minimise wastage as well as ensure consistency in product quality, which is key to recurring orders especially for our export orders.”

“We are also using the proceeds to fund a project in Pulau Pinang from our construction business. We were awarded this project in January 2020 and work commenced in July 2020. We will continue to undertake construction projects and have tendered for several projects. A portion of the proceeds from the private placement exercise will also be used for working capital purposes as well as accelerating future business expansion.”

TA Securities Holdings Berhad has been appointed the advisor and the placement agent for the proposed private placement.

[1] Such new shares will not be entitled to any dividends, rights, allotments and/or any other distributions which may be declared, made or paid to the Company’s shareholders unless such new shares were allotted and issued on or before the entitlement date of such rights, allotments and/or other distributions.

For more information, please contact:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

Relaunch of JBL in Malaysia takes Living to the Next Level with Immersive Audio Experience

JBL’s first-ever Virtual Event in Malaysia unveils 30 new lifestyle audio products from headphones, true wireless earphones, smart speakers, and home audio categories.

For over 70 years, leading audio brand JBL(R) has consistently contributed to the evolution of audio reproduction in professional, home, automotive, multimedia applications, and connected technologies. On Wednesday (March 31), JBL reintroduced a full range of lifestyle audio products through its first-ever media and partners’ virtual event in Malaysia.

JBL brings its first-ever Virtual Event in Malaysia with the big unveil of more than 30 new lifestyle audio products in headphones, true wireless earphones, smart speakers, and home audio categories.

JBL, a lifestyle audio brand of Harman International (Harman.com), a wholly-owned subsidiary of Samsung Electronics, is known for producing audio equipment with superior sound and an immersive audio experience for consumers and professional markets. Today, JBL loudspeakers are used in more than half of the world’s movie theatres, sports stadiums, and music venues, and with well over 100 million portable speakers sold globally, JBL is the portable audio leader as well as the fastest-growing headphone brand on the planet.

Wednesday’s virtual event was attended by esteemed local media friends, local partners and VIPs such as Ms Grace Koh, Vice President & General Manager, Lifestyle Audio Division of Asia Pacific at Harman International; Mr Henry Yap, Managing Director of Global Best United (M) Sdn Bhd, the official brand distributor of JBL in Malaysia; and Mr Mitchell Wong, Business Development Manager for Malaysia Market, Lifestyle Audio Division of Asia Pacific at Harman International.

“We are beyond excited for the opportunity to work with JBL and bring award-winning audio to all Malaysians. In a myriad of ways, the wide variety of JBL products will elevate consumers’ experience in music listening, movie watching, gaming and gatherings with their loved ones,” said Mr Henry Yap, Managing Director of Global Best United (M) Sdn Bhd.

Over 30 new JBL lifestyle audio products from the headphones, Bluetooth speakers, Party Box series, JBL Quantum Gaming series, soundbars and true wireless earphones series were introduced in the virtual event to the excitement of consumers in Malaysia.

“JBL is all about pushing the boundaries for premium audio experience and products that address the needs of our customers. This is what we do best, amplifying music’s ability to make people feel good, feel connected, and make life infinitely more entertaining. We have seen the emergence of discerning audiophiles and the growth of the online gaming market in Malaysia, therefore we are very confident that this relaunch is timely for us,” added Mr Mitchell Wong, Business Development Manager for JBL Malaysia.

In addition to the product unveil, JBL Malaysia also announced new partnerships with local brands such as Tropicana Corporation Berhad and Babel, and artists such as Mustang Dance Academy under the new #JBLPeople campaign initiative, with the aim of building a JBL community in Malaysia and enabling a wider audience to have the opportunity to experience JBL products through various avenues.

JBL also announced a partnership with ESL for the ESL Mobile Open – League Of Legends: Wild Rift South East Asia ICON Series Malaysia Summer Season 2021. More information on this will be shared and updated on JBL Malaysia’s social media platforms.

Availability
JBL products are available at Lazada, Shopee, and all leading retailers, including CG Computer, Machines, PC Image, Fotoflash, Vivid, Viewnet, ALL IT, AI Home, Access Mobile, AV World, Foto Shangri-La, I-Store, Jaben, IT One, Loop, Multics, Sprint Cass, Telstar, TMT, Worldpro, AI Sound, One Living, Seng Electric and Keck Seng.

About JBL
The JBL(R) name is synonymous with the precise, naturally articulated sound found in many of the world’s most prestigious locations, including clubs, cinemas and recording studios, and live-music reinforcement in venues ranging from concert halls to outdoor stadiums. For more information, please visit https://www.jbl.com.my.

Media contact:
PICO, for JBL Malaysia
Hakim Juraimi
+60 12 318 5410

XFai Momentum Leading to Defi Disruption

Ever since the private sale, XFai has continued to gain in momentum and considerable interest from not only those who wish to use XFai’s technology to further strengthen their business interests but also from key players and luminaries within the blockchain industry. Today, the team at XFai is happy to announce that Roger Ver, one of the key early believers of Bitcoin and blockchain technology and the CEO of Bitcoin.com, has partnered with XFai through a strategic investment.

While both XFai’s launch method and the DEX Liquidity Oracle are far from the norm, we are glad to witness a wave of support from experts within the field who are knowledgeable about the technical brilliance and also endorse the vision of XFai. The strong show of support from the key industry leaders was further strengthened during the private sale of XFai’s native XFIT token, as the private sale witnessed a raise of $3.8 million US dollars within just 12 hours, making the XFai private sale as one of the largest, most successful raises within the recent DeFi ecosystem. We strongly believe that the key driver to XFai’s continued success is found in the ability of XFai’s Potentializer and DLO (DEX Liquidity Oracle) to fill the ever-increasing gap between the large tokens and the small to mid-cap tokens when it comes to the chances of these tokens being included to reap the benefits of Defi.

“XFai stood out to me due to the potential of their oracle to unlock incredible opportunities in the space. XFai enables actual decentralization by allowing small and mid-cap tokens to finally have a seat at the table. I look forward to watching XFai become a game-changer in the Defi space by providing a solid foundation for future projects to build upon,” says Roger Ver, CEO of Bitcoin.com

As Mr. Ver has mentioned, XFai is focusing on enabling actual decentralization. We strongly believe that the main driver of true decentralization must begin with inclusiveness that can be transformed into true strength within the market. The upcoming XFai’s XFIT Liquidity Generation Event (LGE) on April 8th is thus designed to welcome all interested community members to join the DeFi revolution led by XFai in a fair and efficient manner, while removing hurdles such as multiple transactions and high gas fees.

The team at XFai wholeheartedly welcome the support of Mr. Ver in the power of XFai to invite small and mid-cap tokens to the larger DeFi narrative and benefits, and look forward to working in close cooperation in continuing to offer the much-needed revolution to the untapped 250 Billion US Dollar market size of the small and mid-cap tokens.

About XFai

XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, is set to launch on 8th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.

Source: Plato Data Intelligence
Source Link: bit.ly/2OdpInX