Author: Asia PEVC

KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering

KABN (Gibraltar) PLC (“KABN” or the “Company”) is pleased to announce that it has created its KABN Equity Token using the Polymath Token Studio and will make its Equity Token available for sale through a public Equity Crowdfunding sale via UK based Tokenise, which is fully compliant with the UK FCA regulatory framework. The Company’s Token Offering information site can be found at www.kabntoken.com.

Unlike a network or utility token, each KABN Equity Token will represent a KABN (Gibraltar) PLC Preference Share as equity or ownership in the Company.

After spending well over 2 years to develop, test and launch its active business platform, KABN believes that ownership of identity is a basic human right and that individuals should be the primary beneficiary of any use of that identity data. To that end, KABN has developed a continuous, Always On, verified identity solution for commercial clients and consumers that allows individuals to manage both their private and public data, restricting the sharing and use of that data while benefiting the user. KABN also has a platform that will help users maximize value of their data through qualified offers from 3rd parties, including KABN’s Financial Services program KABN KASH and its Pegasus Flyte digital currency linked VISA card program.

The KABN Equity Token is a new generation of Security Token Offerings created with the Polymath Token Studio, allowing qualified private and public investors to purchase KABN Preference Shares, or Equity in the Company, represented by tokens on the Ethereum Blockchain. The KABN token can be viewed by visiting:

https://bit.ly/2YyDu5q

KABN has designed its Equity Token Offering to be a true investment in the Company, allowing Preference Share and Token Holders to participate in the potential growth and long-term value appreciation of the Company. KABN Preference Share / Equity Token Holders will receive first priority of dividend distribution and in the event that KABN has a liquidity event, all KABN Equity Token holders will be included in the event, allowing KABN Equity Tokens holders to truly benefit in the Enterprise, or overall value of the Company.

Equity Token Offering

Under the terms of its agreement with Tokenise, KABN will be raising a maximum of 8 Million Euros through the sale of up to 39 Million KABN Preference Shares through the Company’s Equity Crowdfunding Offering. Each KABN Equity Token will represent one (1) KABN Preference Share and the KABN Equity Token will be entitled to all the benefits of KABN Preference Share ownership. The Offering is expected to begin in early December 2019 and close no later than February 28, 2020. For further information, please refer to the Document Download section of KABN’s Token site.

Additional Private Sale rounds will be available to qualified investor groups and registered capital firms at the sole discretion of the Company.

KABN Token.com

KABN has launched its Token site to provide potential investors with a comprehensive overview of KABN, its Equity Token Offering and all its supporting documentation. For further information, please visit www.kabntoken.com

All potential investors will be required to comply with qualification testing, KYC / AML review and to complete a subscription agreement as the KABN Preference Share Offering and KABN Equity Token is being offered through Tokenise in compliance with UK Equity Crowdfunding regulations and the FCA regulatory framework.

Participation in the KABN Equity Token Offering

For those interested in participating in the KABN Equity Token Offering, please join the KABN Whitelist at https://www.kabntoken.com/whitelist-fp/ KABN will potentially be offering early participants additional value offerings.

Listing on Exchanges and Digital Trading Platform

KABN is in discussions with a number of leading global Exchanges and Digital Trading Platforms to list the KABN Equity Token for trading on these Exchanges as a Security Token. The response to date has been very favourable and KABN expects to release additional information on its progress in the near future.

KABN Technology

KABN has developed a proprietary, patent pending platform for its identity verification, validation and data management platform that uses biometrics and the Blockchain to manage identity in compliance with Europe’s GDPR protocols and other leading jurisdictional privacy policies. KABN never puts Personally Identifiable Information (PII) on the Blockchain and limits the sharing of any confidential data with 3rd parties.

KABN Strategic Growth Program

KABN has also embarked on a path to analyze and where effective, enter value-based relationships in various geographic regions globally. One such proposed opportunity has been announced for KABN Systems North America Inc., whereby KABN will be a holder of shares in this strategically positioned company in Canada, which, subject to regulatory approval will be publicly trading in Canada, and that will represent the KABN product suite in Canada and the United States. KABN believes that these types of opportunities can enhance the value of the Company while potentially minimizing the capital requirements necessary to open up its jurisdictional applications. KABN as a Company will hold a minority position in the North American enterprise and will be entitled to licensing fees for its proprietary technology usage.

About KABN – www.kabn.com

KABN’s mission is to create a world-class suite of products and services that support the decentralized market economy, globally enabling consumers to manage their digital identity and other data to create value-based relationships in the financial and loyalty services arena.

KABN believes that ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity.

At the heart of the KABN suite is KABN ID a global platform that verifies, manages and monetizes online identity. KABN ID offers consumers, ‘One and Done’, ‘Always On’ and verified, blockchain and biometrically based, validation and verification for identity. This patent-pending, GDPR compliant process facilitates efficient and frictionless customer acquisition and onboarding across single or multiple platforms.

As part of its integrated financial service platform offering, KABN has received approval to launch its digital currency linked card and banking wallet program in Europe and has announced its intention to also launch this program in North America. Both programs will launch via KABN’s Pegasus Flyte branded card program together with KABN KASH, an innovative loyalty and engagement program for its customers.

KABN is continuing to engage with partners globally to expand the Pegasus Flyte and KABN KASH program, as well as other new and exciting programs for our clients and consumers.

For further information, please contact:

info@kabn.network

We seek Safe Harbor

Nothing in this Release shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This Release is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction which prohibits or in any manner restricts transactions in respect of, or with use of, digital tokens.

The information set forth in this Release may not be exhaustive and does not imply any elements of a contractual relationship. The content of this Release is not binding on the Company and the Company reserves the right to change, modify, add, or remove portions of this Release for any reason at any time before, during and after the sale of tokens by updating an amended Release. This Release does not constitute an investment, legal, tax, regulatory, financial, accounting or other advice, and this Release is not intended to provide the sole basis for any evaluation of a transaction on acquiring of the tokens and is expressly not incorporated by reference into any securities offering or similar Releases. Prior to acquiring the tokens, a prospective purchaser should consult with his/her own legal, investment, tax, accounting, and other advisors to determine the potential benefits, burdens, and other consequences of such transaction. The Company is under no obligation to update the Release or modify the Release for any inconsistencies or for material changes to the information.

The token itself is not intended, unless otherwise designated by a regulatory authority, to be a digital currency, security, commodity, or any other kind of financial instrument and has not been registered under the Securities Act of 1933, as amended, the securities laws of any State of the United States of America or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident. The tokens are not being offered or distributed to, as well as cannot be resold or otherwise alienated by their holders to, citizens of, natural and legal persons, having their habitual residence, location or their seat of incorporation in the country or territory where transactions with tokens are prohibited or in any manner restricted by applicable laws or regulations. If such restricted person purchases the tokens, such restricted person has done so on an unlawful, unauthorized and fraudulent basis and in this regard, shall bear negative consequences.

The Company neither offers or distributes the tokens nor carries on a business (activity) in any regulated activity in the United States, or in other countries and territories where transactions in respect of, or with use of, tokens fall under the restrictive regulations or require from the Company to be registered or licensed with any applicable governmental authorities. Each purchaser of the tokens is reminded that this Release has been presented to him/her on the basis that he/she is a person into whose attention the Release may be lawfully presented in accordance with the laws of the purchaser’s jurisdiction. It is the responsibility of each potential purchaser of the tokens to determine if the purchaser can legally purchase the tokens in the purchaser’s jurisdiction and whether the purchaser can then resell the tokens to another purchaser in any given jurisdiction.

Certain statements, estimates and financial information contained in this Release constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward-looking statements or information. The English language Release is the primary official source of information about the project. The information contained in English language Release may from time to time be translated into other languages. In the course of such translation some of the information contained in the English language Release may be lost, corrupted or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and the official English language Release, the provisions of the English language original Release shall prevail.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50582

Asia’s First Bitcoin Trusts Launched by IDEG

IDEG Investment Ltd, a professional digital asset management company, announced on November 27 in Hong Kong the launch of Asia Bitcoin Trust I and Atlas Mining Trust I, two trusts designed as a traditional and comfortable way for ‘old money’ to invest in digital assets. Asia Bitcoin Trust I is an actively managed vehicle that offers accredited and institutional investors compliant, secure, and professionally wrapped bitcoin exposure supported by selected service providers. Atlas Mining Trust I is a first of its kind vehicle allowing traditional investors to participate and share profits from Bitcoin mining activities. The total size of the two trusts is $200 million.

“Bitcoin is a unique asset class that has no correlation with any traditional asset. Investing in Bitcoin can optimize the risk-to-reward ratio of portfolios,” said Raymond Yuan, Founder of IDEG. “It’s time for the institutional investors to include digital assets in their asset allocation strategies. Our positioning is to be a bridge to connect traditional investors and digital assets with the highest transparency and the highest security in the industry.”

Unlike passively managed funds and trusts like Grayscale Bitcoin Trust, Asia Bitcoin Trust I is an enhanced Bitcoin trust, which seeks to improve returns by using active management. “We’ve been in the quantitative trading business for a long time. Some of our core members have been trading digital assets since 2013,” said Kevin Yang, CEO of IDEG. “As the investment manager of the Trust, IDEG will apply a range of hedging and arbitrage strategies in order to gain more Bitcoin for the investors and meanwhile effectively control the risk of drawdowns.”

More than 18 million Bitcoin have been mined and only 21 million Bitcoin will ever exist. Mining of Bitcoin alone offers market participants $4 billion to $8 billion in annualized revenues. “The mining business is quickly evolving, with more and more institutionalized miners stepping in. The keys to mining efficiencies in hardware, infrastructure and electricity costs. Individual miners are dropping out because institutional miners like us can improve in almost every aspect, including capex, opex, operation, and risk management,” said Raymond Yuan. “That’s why we have a much higher return ratio than other miners.”

Coinbase Custody, the world’s largest digital asset custodian holding over 900,000 Bitcoins, will act as the custodian for both trusts. Profound Trust Company Ltd., a trust company with more than 1000 clients in Asia, is acting as trustee. “Nowadays as more and more institutions and sophisticated investors seek exposure to the blockchain and digital asset market, they demand compliance, security, and professionalism. We seek the highest standards in these aspects. The two trusts are designed to offer such investment vehicles for investors,” said Lu Qi, CEO of Profound Trust.

Contact:
IDEG Investment Ltd
Kevin Yang
contact@ideg.com
http://www.ideg.com

Wintermar Inks Brunei Energy Industry Integrity Pact

Wintermar signs the Brunei Energy Industry Integrity Pact, committing to collaborate with the Brunei Government to promote high industry standards of ethics and transparency.

Wintermar was recognized by the Brunei Energy Industry Integrity Working Group in a ceremony on 26 November 2019 in Brunei. With this milestone, Wintermar joins a select group of oil and gas industry players in Brunei who have been audited and approved for this achievement.

The Pact is a commitment by Companies to support a fair and honest oil and gas industry in Brunei and the government’s efforts to promote and preserve integrity in the nation. This achievement demonstrates Wintermar’s high standards of integrity and business ethics which meet the requirements of the Integrity pact.

This collective pledge consists of ten industry standards and expectations relating to ethics and transparency in business, good corporate governance and compliance with agreed principles.

Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Tbk said, “Wintermar is strongly committed to supporting the Brunei Government to ensure high standards of integrity and governance in our sector. The principles of the Brunei integrity pact are very much in line with our own core value of Integrity which impacts the way we manage our business. We are very happy that the work we are doing and our management system has been approved and recognised by the Brunei Energy Industry.”

Kannan Govindasamy, Chairman of the Brunei Energy Industry Integrity Working Group, said, “We congratulate Wintermar group and its associates on this milestone. Each new member of this pact has undergone a rigorous due diligence to be here today. Good governance and leadership setting the tone from the top are required to combat corruption. We expect Wintermar as a signatory to be a role model for the industry and look forward to working with you now and for the future.”

Wintermar started with one offshore vessel working for a Brunei oil and gas company 6 years ago, and today Wintermar group and its associates operate 10 vessels in the country, engaged in various activities from oil and gas to harbour towage.

About Wintermar Offshore Marine Group

Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real time by shore-based Vessel Teams.

Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd’s Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.

Contact:

Ms. Pek Swan Layanto, CFA
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel +62-21 530 5201 Ext 401
Email: investor_relations@wintermar.com

ULVAC Launches Smartphone-Direct Pirani Gauge “SWU10-U”

Chigasaki, Japan, Nov 6, 2019 – (JCN Newswire) – ULVAC, Inc. announces sales of Pirani Vacuum Gauge “SWU10-U,” which can be connected directly by smartphone with USB cable.

Background

Conventional vacuum gauges require dedicated power supplies and displays. Customers wanted a more convenience in vacuum measurement, to perform as necessary, and with reduced initial cost.

Outline

ULVAC responded with Smartphone-Direct Pirani Gauge “SWU10-U” which makes vacuum measurement easier. Customers can check degree of vacuum simply by connecting a smartphone to the SWU10-U, without any dedicated power supply or display.

The mobile OS is Android compatible, and the smartphone app UL-MOBI is available for download from Google Play. Displays real-time pressure data and trends, data logging ensures customers can view data later.

Features

(1) Direct Connection with Smartphone (or Tablet or PC)

Measure quickly, connect your smartphone (or tablet or PC) via USB cable (patent pending). No other component required.

(2) No AC power supply required

No dedicated power supply required.

(3) Lightweight and Compact

Size: Φ 46x81mm, Weight: 85g (NW16 spec): ULVAC’s smallest, lightest Pirani Vacuum Gauge

(4) Excellent Shock Resistance

Excellent shock resistance by ULVAC original structure (patent number 6595945) and body protection rubber.

(5) Wide Range Measurement

Measures pressure range from 5×10-2 to 1×10+5Pa (3.75×10-4 to 760Torr, 5×10-4 to 1,013mbar)

(6) Extensive Fittings

7 fittings available, including NW16 and R1/8.

Applications

Ultimate pressure check in vacuum pump maintenance, etc.

Sales target and sales price

Sales target 5,000 pcs first year, 30,000 pcs after three years. Sales price starts from 49,800 yen. Release date October 31, 2019.

For further technical information

Atsushi Kuwatani

Measurement Instruments Department, Components Division, ULVAC, Inc.

TEL: +81-467-89-2196

Sales in Japan

ULVAC EQUIPMENT SALES, Inc.

Head Office (Tokyo) TEL: +81-3-5769-5511

Osaka Branch TEL: +81-6-6397-2281

WEBSITE: https://www.ulvac.co.jp/en

https://www.ulvac.co.jp/products_e/

Moody’s Assigns First-time B2 Rating to Redsun Properties with Positive Outlook

HONG KONG, Nov 6, 2019 – (ACN Newswire) – Moody’s Investors Service has assigned a first-time B2 corporate family rating (CFR) to Redsun Properties Group Limited, a leading integrated property developer in China, (“Redsun Properties” or “Group”; stock code: 1996) with positive outlook. 

The positive outlook reflects Moody’s expectation that Redsun Properties will (1) continue its strong contracted sales growth; (2) strengthen its credit metrics over the next 12-18 months; and (3) improve its access to both offshore and onshore funding channels. 

The Group has generated strong contracted sales growth over the past two years, with 40% year-on-year gross contracted sales growth to RMB43.8 billion in the first nine months of 2019, and 84% year-on-year growth to RMB47.3 billion in 2018. Moody’s expects that Redsun Properties’ gross contracted sales will continue to grow at an annual rate of 25%-30% to reach around RMB75 billion-RMB80 billion by 2020. It expects the Group’s rental income will grow 25%-40% annually to around RMB450 million-RMB500 million over the next 12-18 months from RMB359 million in 2018. 

“Redsun’s B2 CFR reflects the company’s long track record of developing properties in Jiangsu Province, its quality land bank, as well as its strong sales execution. The rating also considers the recurring income streams generated from its investment properties, which improve the stability of its debt servicing,” says Cedric Lai, a Moody’s Vice President and Senior Analyst.

About Redsun Properties Group Limited (“Redsun Properties”) (stock code: 1996)

Redsun Properties Group Limited (“Redsun Properties” or “The Group”) is a leading comprehensive developer in China, focusing on development of residential properties and the development, operation and management of commercial and comprehensive properties. The Group has established a steady regional leading position in Jiangsu Province by taking root in Nanjing, Jiangsu and Yangtze River Delta. Since the incorporation of Nanjing Redsun in 1999, Redsun Properties has worked in the sector of property development and sales for 20 years, established the Hong Yang brand and received widespread recognition for the development capacity and industry position.

While developing residential properties, Redsun Properties also operates commercial complexes covering shopping malls, amusement parks and community centers, hotels and office buildings. Most of the commercial property buildings are adjacent to the Group’s residential property projects, providing ancillary services for the residents and also increasing the value of the Group’s residential property projects.  

MX Token Officially Launched on Huobi Global

SINGAPORE, Nov 4, 2019 – (ACN Newswire) – MX, token of MXC Trading Platform, was officially launched on Huobi Global on Oct 30, 2019. A new landscape among digital-asset trading platforms around the globe may be shaping.

MX token witnessed a gain of more than 700% in latest half year. It is the platform token of MXC Trading Platform issued for its ecosystem construction. It enables users, members and contributors to participate the ecosystem improvement. 

In general, the price of platform token is closely correlated with the development of the platform. In some words, it is a ruler for measuring the real-power of a platform. It reflects a platform’s comprehensive power in technology, operation, capital, as well as the developing potentials. A healthy development of a platform is often followed by the surge of its token price. 

The latest data displayed that the registered users on MXC Trading Platform has touched the 3 million mark. According to CoinMarketCap statistics, MXC ranks in the top ten on the global trading platforms, and monthly trading volume and traffic volume have also maintained rapid growth. Up to now, MXC has more than more than 200,000 users per day, and daily trading volume more than 1000 million US dollars, which is roughly the same as Binance. It can be estimated that MXC obtained $450,000 profit from trading fees in September. It is remarkable when compare it with the same month last year with a mere $10,000. It can be calculated the trading fee profit increased by over 50 times.

The launching of MX token on Huobi Global is about to open another big traffic path, which, of course, will largely increase its market liquidity and improving the real value. From another perspective, Huobi Global choosing to launch MX token maybe also because it sees the potential of MXC Trading Platform. 

MXC PRO FOUNDATION LTD.
Amanda
yuzhu@mxc.co
www.mxc.co

Wanxiang Global Blockchain Summit Successfully Held in Shanghai

SHANGHAI, Sept 30, 2019 – (ACN Newswire) – The 5th Global Blockchain Summit, organized by Wanxiang Blockchain Labs, took place on Sept 17 & 18 at W Shanghai – The Bund. Since 2015, Wanxiang Blockchain Summit has been widely recognized as one of the most influential blockchain events of the year.

The presence of vanguards and industry leaders from across the globe in Shanghai made the summit something. Hot topics such as adoption challenges, privacy, scalability, blockchain innovation and more took center stage as experts and pioneers gave voice to the new developments and innovations occurring around the globe.

This year, it was expanded to Shanghai International Blockchain Week 2019, which included two more segments: Wanxiang Blockchain Hackathon and Demo Day.

Wanxiang Blockchain Hackathon 2019

Over 120 participants joined the hackathon on the first day and 28 teams were formed, varying in member size, with themes to choose. With a specific focus of “blockchain and the automotive industry”, competitors spent 26 hours creating projects from zero to one. Finally, six teams won the grand prizes offered by Wanxiang Blockchain Labs and one team won the special $10,000 prize offered by Qtum. The one winning team also went on stage the next day for Demo Day, demonstrating their project before one thousand people.

As the first chapter of Shanghai International Blockchain Week, Wanxiang Blockchain Hackathon served as an open platform where developers were able to make the best of their creativity and imagination. It also provided an opportunity for enterprises to understand the possibility of combining blockchain technology with their own businesses. It is also the underlying goal of Wanxiang Blockchain Hackathon to enable more blockchain solutions for real-world issues.

Demo Day

With the rapid developments in the industry, we have seen blockchain technology and its applications changing the way we conduct business and participate in social processes. On Demo Day, 18 blockchain-oriented startups and projects, including bloXroute Labs, CovenantSQL, Beosin-Blockchain, KeyShard, dRoute, Chainlink, Banquanjia, zkPoD, dfuse, MYKEY, Tassat, aitos.io, AlphaWallet, PCHAIN, Taraxa, KILT, SKALE Labs, Lightnet, with their respective fields of application, presented their progress and development to industry participants, offering a unique opportunity for attendees to understand the promise and potential value of blockchain technology. 

At the end of Demo Day, HAO Yukun, Executive of New Chainbase, introduced New Chainbase to all attendees. New Chainbase, part of Wanxiang Blockchain, is a blockchain-featured innovation platform for FinTech startups, providing guidance and support with open work spaces, technology planning, industry salons, roadshows, financing services, start-up trainings and related services.

The 5th Global Blockchain Summit

This year marks the beginning of a new decade for blockchain, and explains how the summit was presented around the theme ‘New Decade, New Beginning’, and tried to explore new trends for blockchain technology in the decade ahead. Over 1200 people joined the summit and more than 50 vanguards and industry leaders attended, including Vitalik Buterin, Founder of Ethereum, Gavin Wood, Founder of Polkadot, Jae Kwon, Founder of Cosmos, Dawn Song, Professor at UC Berkeley & Founder and CEO of Oasis Labs. Topics and focus included Libra, blockchain and financial infrastructure, DeFi, investment trends, distributed business, staking economy and more.

In addition, Wanxiang Blockchain announced a strategic partnership with Karma Automotive at the summit. Vincent Wang, CIO of Wanxiang Innova City, shared his views on how blockchain is helping to shape the next generation smart city. He also explained how Wanxiang Innova City is an enabling ecosystem open to all projects and enterprises, and why it should be built by different collaborators.

Wanxiang Blockchain Summit is also an open platform where industry players are able to exchange their ideas and discuss how to promote the development of blockchain. Blockchain is an open community, noted Dr. Feng Xiao, President and CEO of Wanxiang Blockchain in his closing speech, and a self-organization and an activity in which everyone can participate. “It is such an honor to bring so many industry partners together to promote the development of blockchain technology.”

History of Wanxiang Blockchain Summit

– October 2015: The 1st Global Blockchain Summit, with over 300 participants.
– September 2016: Shanghai International Blockchain Week 2016, including Devcon2 and 2nd Global Blockchain Summit, with over 700 participants.
– September 2017: The 3rd Global Blockchain Summit, with over 1200 participants.
– September 2018: Shanghai International Blockchain Week 2018, composed of Wanxiang Blockchain Hackathon Shanghai, Tech Open Day, 4th Global Blockchain Summit, with over 2000 participants.

Media contact:
ZHANG Rongfang
Wanxiang Blockchain Labs
U: http://www.blockchainlabs.org
E: zhangrongfang@wxblockchain.com

EuroEyes International Eye Clinic Ltd announces proposed listing on HKEx Main Board

– Global Offering of 79,334,000 Shares
– Offer Price between HK$6.20 to HK$8.80 per Share 
– Adjusted Net Profit[1] at a CAGR of 68.4% from EUR1.9M/2016 to EUR5.5M/2018

HONG KONG, Sept 30, 2019 – (ACN Newswire) – EuroEyes International Eye Clinic Ltd (“EuroEyes”), one of the leading brands in the vision correction industry with German ophthalmology excellence, has announced details of its proposed listing on the Main Board of the HKEX (1846.HK). EuroEyes ranked first in Germany and second in Denmark in terms of market share in the advanced lens exchange surgery market and the refractive surgery without PRK/LASEK market[2]. Among the existing industry participants, the Group was also the first foreign entrant[3] in the PRC vision correction services market.

Offering Details

EuroEyes plans to offer a total of 79,334,000 Shares under the Global Offering (subject to the Over-allotment Option), which comprises (i) 71,400,000 Shares (subject to reallocation and the Over-allotment Option) for the International Offering, and (ii) 7,934,000 Shares (subject to reallocation) for the Hong Kong Public Offering. After deducting underwriting fees and estimated expenses, and assuming an Offer Price of HK$7.50 per Offer Share (being the mid-point of the indicative Offer Price range between HK$6.20 and HK$8.80 per Offer Share) and the Over-allotment Option not being exercised, net proceeds from the Global Offering are expected to be approximately HK$526.7 million.

The Hong Kong Public Offering will commence on 30 September 2019 (Monday) and end at 12:00 noon on 8 October 2019 (Tuesday). The Offer Price and results of allocation will be announced on 14 October 2019 (Monday). Dealing of EuroEyes’ Shares on the SEHK is expected to commence on 15 October 2019 (Tuesday) under the stock code 1846.HK and in board lots of 1,000 Shares each.

BOCI Asia Ltd is the Sole Sponsor and Sole Global Coordinator; while BOCI Asia Ltd, China Securities (International) Corporate Finance Company Ltd and Fosun Hani Securities Ltd are the Joint Bookrunners and Joint Lead Managers of the Global Offering.

Investment Highlights

–Leader in advanced lens exchange surgery & refractive surgery without PRK/LASEK in Germany & Denmark

EuroEyes ranked first and second in the market for advanced lens exchange surgery and refractive surgery without PRK/LASEK in terms of market share in Germany and Denmark. In 2018, the Group has achieved a “Hattrick” of vision correction services awards for completing the most Zeiss trifocal lens exchange surgeries in the world, the most phakic lens (ICL) surgeries in Europe, and the most ReLEx SMILE procedures in Germany.

–Customised solutions of premium quality

EuroEyes strives to provide the highest possible quality in its services and to allow its industry-leading surgeons and conservative ophthalmologists to recommend the most suitable solutions that are tailored to meet its customers’ needs. The Group also adopts advanced technologies and offers a range of treatment options.

–Innovative trifocal lens exchange surgery to treat presbyopia for people over 45

EuroEyes has been an industry leader in utilising trifocal lens exchange surgery as a standalone treatment option for people with presbyopia as early as 45 years of age. The Group has been certified by Carl Zeiss to have performed the largest number of Zeiss trifocal lens exchange surgeries in the world for the fourth consecutive year. In other words, EuroEyes is one of the world’s leading clinic groups in performing trifocal lens exchange surgery.

For the years ended 31 December 2016, 2017 and 2018 and the three months ended 31 March 2019, the revenue contribution of its trifocal lens exchange surgery performed amounted to approximately 40.8%, 40.4%, 36.7% and 42.9%, respectively, of the Group’s total revenue. The Group’s capabilities and experience in treating presbyopia with trifocal lens exchange surgery will continue to be a competitive strength, allowing it to capture market growth potential and lead to strong financial performances in Germany and Denmark as well as the PRC.

–Well-positioned to benefit from the increasing opportunities in the PRC

Among the existing industry participants, EuroEyes was the first foreign entrant to the PRC vision correction services market when it opened its Shanghai clinic in 2013 and the Group has been positioning itself as a high-end vision correction service provider in the PRC since then. The signature features of the Group’s services in its PRC centres include German ophthalmology excellence, its high volume surgeons, early adoption of cutting-edge technologies, quality and comfort, customer satisfaction and the landmark metropolitan locations of its clinics in major cities. EuroEyes believes the abovementioned features clearly demonstrate its capabilities and advantages in capturing the growing market opportunities in the PRC.

–A professional team with a superior reputation and technical expertise, led by Dr Jorgensen, a visionary leader with an outstanding industry reputation and a proven managerial record

Under the leadership and management of Dr Jorn Slot Jorgensen, founder, Chairman and Chief Executive Officer of EuroEyes, a pioneer in the vision correction services industry, the Group had experienced exponential growth over the years, from one eye clinic in Hamburg, into an established network of 26 premises in Germany, Denmark and the PRC. The Group is also managed and operated by eye surgeons renowned for their experience and expertise in the vision correction services industry. Experienced members of the expert team of surgeons have each practiced in the industry for an average of 25 years. These experts are also key opinion leaders (“KOLs”) in the field. Unique among medical or ophthalmology surgery groups, EuroEyes has been counseled by an international medical advisory board comprising distinguished international eye surgeons and KOLs.

Future Strategies

–Expand its business operations in the PRC to seize the massive market opportunities

The advanced lens exchange surgery and refractive surgery market without PRK/LASEK in the PRC has an expected CAGR of 29.5% from RMB6.4 billion in 2018 to RMB23.4 billion in 2023[4]. The projection indicates an enormous potential to expand in the Chinese premium vision correction services market. After years of EuroEyes’ success in Germany and Denmark, Dr Jorgensen has set his eyes on the PRC and observed two major opportunities: (i) a large and increasing myopic population; and (ii) relatively low penetration rate of presbyopia and myopia treatment. 

As the first foreign entrant in the PRC vision correction services market (among the existing industry participants), the Group is well-positioned to benefit from the immense growth potential there. Its revenue and gross profit derived from the PRC achieved a CAGR of 79.6% and 633.7% between 2016 and 2018, respectively. EuroEyes will solidify its market position by opening up more clinics in major cities in the PRC including Chengdu and Chongqing by 2020. The Group plans to establish around one to three clinics each year in first-tier or second-tier cities in the PRC. All of these clinics will be located in premium metropolitan areas within these cities.

–Expand its business operations through acquisitions in Europe to solidify its leadership

By leveraging its experience and brand recognition, EuroEyes will be able to expand further into Europe where the market conditions, demand and growth potential for vision correction services are favourable. The Group will consider acquiring other eye clinics in various cities across Europe.

Furthermore, the Group will enhance its marketing efforts to expand its customer base and geographical reach, expand its service offerings to tap into a larger customer base, and continue to attract, recruit and retain the best talent.

Use of Proceeds

Assuming an Offer Price of HK$7.50 per share (the mid-point of the indicative offer price range), net proceeds from the Global Offering are estimated to be approximately HK$526.7 million and will be applied as follows:

Establishing clinics in major cities in the PRC, including Chengdu and Chongqing (40%)
Potential acquisition of clinic groups in Europe (33%)
Expansion of marketing efforts (17%)
Working capital and general corporate purposes (10%)

Financial Performance

Year Ended 31 Dec 2018 (EUR’000) / CAGR (2016-2018)
Revenue : 42,961 / 18.9%
Gross profit : 17,416 / 32.5%
Adjusted net profit : 5,501 / 68.4%

Dividend Policy

The Group intends to adopt, after the Listing, a general annual dividend policy of declaring and paying dividends on an annual basis of not more than 20% of its distributable net profit attributable to its equity shareholders.

[1] Excluding one-off items
[2] According to Frost and Sullivan, in terms of revenue in 2018
[3] Except those from Hong Kong, Macau and Taiwan
[4] According to Frost & Sullivan

About EuroEyes International Eye Clinic Limited

Established in 1993, EuroEyes is one of the leading brands in the vision correction industry that combines German ophthalmology excellence and 25 years of experience with individualised customer-care. It provides premium services to a targeted clientele with a mid-to-high income level. Its vision correction services include (i) refractive laser surgery (which includes ReLEx SMILE and FemtoLASIK); (ii) phakic lens (ICL) surgery; (iii) lens exchange surgery (which includes the monofocal and trifocal lens exchange surgery) and (iv) others (which include PRK/LASEK and ICRS implantation). The Group is also one of the few eye clinic groups with a far-reaching geographical coverage, with operations in Germany, Denmark and the PRC. (1865.HK) Website: www.euroeyes.hk.

Media Enquiries:

Strategic Financial Relations Ltd
Heidi SO, +852 2864 4826, heidi.so@sprg.com.hk
Fanny YUEN, +852 2864 4853, fanny.yuen@sprg.com.hk
Adrianna LAU, +852 2114 4987, adrianna.lau@sprg.com.hk
Website: www.sprg.com.hk

CloserStill Media’s Enterprise Technology Event to Occupy Two Levels of Marina Bay Sands Expo and Convention Centre in October 2019

SINGAPORE, Sept 26, 2019 – (ACN Newswire) – Asia’s largest technology event stack, Cloud Expo Asia, Cloud & Cyber Security Expo, Big Data World, Smart IoT Singapore, Data Centre World, eCommerce Expo Asia, and new launch event, Technology for Marketing Asia, will return for its seventh edition on 9-10 October 2019.

2019 will see the event stack expand to two levels of Marina Bay Sands Expo and Convention Centre (Basement 2 and Level 1) in preparation for the 18,000 international industry professionals expected to attend.

Event features this year include a suite of new content & highlights, including the newly launched Channel Partner Programme – a platform designed to support the commercial growth and regional market penetration of IT vendors and solution providers; a laser-focused DevOps workshop that will explore ways to improve engagement between IT professionals, engineers and solution architects; an actual Data Centre built within 48 hours onsite; and the premier CloudAsia conference, a unique collaboration between SGTech and the organisers of Cloud Expo Asia. 

“We’re delighted to present the APAC region with the opportunity to access some of the industry’s best technology and expertise in one location, and look forward to this exciting two-day congregation of the industry’s finest individuals,” said Andy Kiwanuka, CloserStill Media’s Managing Director.

A Congregation of Technological Advancements from Different Regions

The annual free-to-attend event will also allow attendees to source from over 400 tier-1 solution leaders, including Huawei, Adobe, China Mobile, Digital Realty, IBM Cloud, NTT, Oracle, SAP, Schneider Electric, Telstra, Tencent Cloud, TIBCO and more.

Joining Big Data World for the first time is Global Victoria (Pavilion S10). The State Government of Victoria, Australia is strongly committed to connecting with its South East Asian neighbours to open new doors for two-way trade and investment. As the nation’s hub for technology and innovation, Victoria is home to more than half of Australia’s top 20 technology companies.

“Global Victoria is proud to sponsor Big Data World 2019, and are delighted to bring twenty world-class Victorian companies to showcase their technology solutions across a diverse range of industries. We look forward to creating new international partnerships through the event,” said Mr. Gönül Serbest, Chief Executive Officer of Global Victoria.

TIBCO Software Inc. (booth R70), a global leader in integration, API management, and analytics, and Big Data & Analytics Keynote Theatre and Platinum sponsors, will focus on its partnership with Mercedes-AMG Petronas by showcasing a F1 simulator within their booth, enabling delegates to experience first-hand the crucial role that data analytics plays in sports. 

“As enterprises in Singapore and the region gear up to be more data driven, education and providing the avenues of support is crucial,” said Alan Ho, Senior Director of Marketing, APJ of TIBCO. “Through our participation and sponsorship of this event, we want to showcase the possibilities of data analytics and how it is instrumental in the quest of enterprises to stay ahead of the competition.”

Within Cloud Expo Asia, Huawei (booth E10) will showcase its CLOUD product line-up, ranging from cloud infrastructure, cloud rendering and intelligent computing. Distilling 30+ years of accumulated technology, innovation, and expertise in the ICT infrastructure field, attendees can learn how to grow their enterprise in the best environment with stable, secure, and ever-improving HUAWEI CLOUD services and affordable, inclusive AI. 

Premium Content that Delivers – Expert Opinions from Practitioners in Leading Organisations

Situated within the event halls are 21 conference theatres that will host over 240 hours of premium content on the most pertinent technological issues and strategies in the ever-evolving tech industry. 

As technologically-driven businesses evolve at a rapid pace through transformation of their processes and competencies, DevSecOps has been in the limelight as the tool to help continuously address security threats more effectively. 

At the DevOps, Containers and Agile Methodology Theatre on 9th October, Speaker, Mr. Chee Yong Lee, Principal Technologist at Singapore Airlines will share the common challenges organisations face when integrating DevSecOps to improve business capabilities. Through a lively skit, Mr. Lee and his team will depict how various teams can break down the departmental silos to work together to achieve continuous delivery, scalable microservices onto a public cloud infrastructure.

For organisations looking to leverage new technologies such as blockchain, AI and Machine Learning to protect their assets, Mr. Steve Ng, Lead, Digital Platform Operations at Mediacorp will share his expertise on driving such initiatives at the Cloud & Cyber Security Keynote Theatre on 9th October.

Said Mr. Ng, “As technology evolves at a rapid pace, we have to understand the trends and evaluate new technologies such as artificial intelligence and machine learning to plan our technology adoption roadmap. More importantly, we have to upskill our workforce to ensure success of the implementation and operations of these technology solutions.”

Don’t miss other thought leaders from leading organisations including Facebook, Target Corp, Royal Bank of Scotland, Hotels.com, Mastercard, NTUC Enterprise, PayPal and more, who will also be sharing their expertise across two exciting days at Marina Bay Sands, Singapore.

About CloserStill Media

CloserStill Media specialises in international professional events chiefly in the technology markets, across five global territories. Its portfolio includes some of the UK’s fastest-growing and award-winning events including Cloud Expo Europe and Data Centre World. Having delivered unparalleled quality and relevant audiences for all its exhibitions, CloserStill has been repeatedly recognised as a leading innovator with its teams and international events winning multiple awards in Europe and Asia including Best Marketing Manager – four times in succession – Best Trade Exhibition, Best Launch Exhibition, and Rising Star – two years in succession – among others.

For more information, visit www.closerstillmedia.com.

For more information on Cloud Expo Asia and its co-located events, visit www.cloudexpoasia.com
For media enquiries and to register for a press pass, kindly contact Nic-cole Chia at n.chia@closerstillmedia.com. 

Philippines: Blockchain Ticketing Startup Ticket2Me Secures $350K

Philippine blockchain-enabled ticketing startup Ticket2Me announced today that it has secured a US$350,000 seed funding from Singapore-based Citystate Group Pte. Ltd.

With the funding, Ticket2Me is set to implement its expansion plan not only in major cities outside Metro Manila and Metro Cebu but also to establish operations in Malaysia and Hong Kong. It established a regional office in Singapore in 2018.

Citystate’s investment in Ticket2Me is not just a vote of confidence in the excellent execution and product-market fit we’ve demonstrated since going live in May 2018. It’s also a continuing challenge for the company to keep delivering value for both event organisers and ticket buyers in the Philippines and very soon, in Singapore, Malaysia, and Hong Kong, according to Ticket2Me Founder and CEO Darwin Mariano.

“We’re absolutely convinced that event organisers and ticket buyers in the region are both hungry and ready for event ticketing innovation—and Ticket2Me will be there to help them,” he said.

Citystate Group Pte. Ltd. has over 30 years’ expertise in business and lifestyle travel, food and beverage, restaurant management, property development and management, education, and general insurance underwriting and brokering.

The group currently consists of 55 subsidiaries and operates in Singapore, Malaysia, Indonesia, Hong Kong, China, India, and with the Ticket2Me investment, will operate in the Philippines, as well.

“Citystate Group recognises that there is great market potential for a ticketing platform with regional ambitions and the flexibility to serve local communities for all their venue and event ticketing needs,” said Citystate Group Pte. Ltd. Director Julie Haw.

Ticket2Me is Southeast Asia’s first blockchain-enabled ticketing platform. The nine-month old platform can be accessed via the website, mobile site, and the iOS and Android apps.

To date, Ticket2Me has already hosted over 1,300 live events, accessed by over 11,000 unique users, and has sold more than 29,000 tickets. Ticket2Me is the Philippines’ first fully digital ticketing and event technology solution with more than 9,000 payment outlets, making it the most convenient and most accessible ticketing platform in the country.

Ticket2Me is also planning a public sale of blockchain-based tokens that ticket buyers and event organisers can use on the platform for 2019. – AsiaPEVC.com

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