Ria Money Transfer (“Ria”), a global leader in the cross-border money transfer industry and business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT) has been officially approved by the Department of Labour Peninsular Malaysia (JTKSM) for the disbursement of digital wage payments via the Ria Wallet. By streamlining wage distribution through digital means, the Ria Prepaid Card Program, in collaboration with Mastercard, provides an omni-channel solution to employers who may struggle with conventional banking access for their workforce.
The Ria Wallet facilitates various financial activities such as depositing funds, withdrawing cash from ATMs, paying bills, and conducting domestic and international transfers. Customers will also be able to make payments in millions of locations in Malaysia via QR payment linked to DuitNow. In addition, the Ria Wallet streamlines payroll management for Malaysia-based companies throughout industries heavily dependent on migrant workers, including construction, agriculture, and manufacturing.
According to the International Organization of Migration (“IOM”), migrants represent an estimated 15.3% of Malaysia’s total workforce, many of whom are unbanked. The Ria Wallet addresses the challenges faced by both workers and employers in the country’s cash-centric payment landscape.
Ria’s presence in Malaysia since 2001 has positioned Ria as one of the leading players in the money transfer industry. Leveraging its strong physical network of 624,000 locations worldwide and its presence in nearly 200 countries and territories, Ria aims to provide a diverse and seamless service experience to all customers.
Espen Kristensen, Ria Money Transfer’s Managing Director Asia Pacific, expressed his excitement for the expansion of Ria’s service portfolio in Malaysia. He emphasized, “We understand the challenges employers in Malaysia face when it comes to managing wages for their workers. Through the Ria Wallet, companies will be able to benefit from a digital solution that improves transparency and compliance across their operations”.
In collaboration with Mastercard, The Ria Prepaid Card Program underscores the company’s commitment to driving positive social impact through the financial empowerment of different communities worldwide.
About Ria Money Transfer
Ria Money Transfer, a business segment of Euronet (NASDAQ: EEFT), delivers innovative financial services including fast, secure, and affordable global money transfers. With the world’s largest cross border real-time money movement network, Ria moves money where it matters.
Bridging the gap between digital and physical spaces, Ria’s omnichannel products and services provide unprecedented consumer choice, including real-time payments, mobile wallets, currency exchange, home delivery, and cardless ATM payouts. Ria’s global infrastructure, powered by the Dandelion real-time, cross-border payments network, facilitates financial access to customers, agents and partners alike. By creating new market opportunities and promoting economic growth around the world, Ria opens ways for a better everyday life.
PropertyGuru, Southeast Asia’s leading property technology company, today launched the latest edition of its real estate awards programme in the Middle East from Dubai, expanding its reach into the region’s thriving markets.
Following a successful debut in 2024, the PropertyGuru Asia Property Awards (Middle East) return for their second edition, providing a widely respected, trusted platform for showcasing the achievements and innovations of developers in the region.
The PropertyGuru Asia Property Awards (Middle East) return for their second edition with the inaugural “Asia Connect: Dubai” launch event
The timeline for the 2025 awards season was revealed today during the “Asia Connect: Dubai” event at the Conrad Dubai Hotel, with distinguished guests and organisers in attendance.
The 2025 PropertyGuru Asia Property Awards (Middle East) programme will conclude in an international luncheon and presentation ceremony at The Athenee Hotel, a Luxury Collection Hotel, Bangkok during PropertyGuru Week in December 2025.
Key dates for the 2025 Awards are:
19 September 2025 – Entries Close
1-3 October 2025 – Site Inspections
17 October 2025 – Final Judging
12 December 2025 – International Luncheon and Awards Ceremony in Bangkok, Thailand
12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand
Enduring global appeal
Asia Connect: Dubai served as an opportunity for stakeholders in the real estate industry to network and showcase the enduring global appeal of properties in the Middle East to investors.
The premier gathering comes as luxury real estate markets like Dubai and Abu Dhabi continue to attract high-net-worth individuals from around the world, according to research by Property Report by PropertyGuru, the official magazine of the Awards. Strategic government initiatives and investor-friendly policies have bolstered property markets and attracted sustained foreign investment into the region.
Asia Connect: Dubai Panel Discussion
A panel discussion, “Opening the Doors for Asian Real Estate Investors in the Middle East,” drew esteemed speakers such as Fiona Juan Wang, senior manager for training and development at DAMAC Properties; Lavin Nalinababu, director for business consultancy at HLB HAMT; and Stephen Oehme, director of Quantum Analysis Pte Ltd Singapore and member of the PropertyGuru Asia Property Awards (Middle East) judging panel.
Mr Jules Kay, the general manager of PropertyGuru Asia Property Awards, giving his speech about ‘Gold Standard’ in the region’s real estate.
Jules Kay, general manager of PropertyGuru Asia Property Award and Events, was also in attendance, reiterating the programme’s pursuit of excellence in 2025.
He said: “We are happy to introduce the PropertyGuru Asia Property Awards to the Middle East to showcase one of the world’s most dynamic property markets to discerning investors and property seekers across Asia. With its appealing economic profile, attractive lifestyle choices, and developers’ commitment to considering the environment, Middle Eastern property offers far more than pure investment. This year, we aim to raise the standard of real estate in a region already defined by excellence, with its ambitious skylines, megaprojects, and sustainability goals. Through the Awards, we encourage the innovators, pioneers, and leaders of this aspirational property market to showcase their towering achievements to the rest of Asia.”
Coco Liu, chief growth officer of HLB Global, came on behalf of the award-winning network of independent professional accounting firms and business advisers.
Leveraging upon its experience in monitoring award systems around the world, HLB is entrusted with overseeing the entire judging process of the PropertyGuru Asia Property Awards (Middle East). Working with organisers of the PropertyGuru Asia Property Awards, HLB HAMT will supervise the selection process and ensure its fairness, transparency, and credibility.
Informing property seekers
With an expanded roster of categories for 2025, the PropertyGuru Asia Property Awards (Middle East) are poised to inform property seekers in other Asian countries of more choices in quality real estate.
New categories include Best Township Developer; Best Community Developer; Best Mega Township Development; Best Completed Mixed Use Development; Best Oceanview Condo Development; Best Oceanview Housing Development; Best Multigeneration Living Condo Development; Best Multigeneration Living Housing Development; Best Renovated Residential Development; Best Renovated Commercial Development; and Best Smart Commercial Development.
The PropertyGuru Asia Property Awards (Middle East) are part of the PropertyGuru Asia Property Awards series. Established in Thailand in 2005, the series marks its 20th edition this year, with a presence now spanning 13 countries and counting across Asia Pacific.
Winners of this year’s Awards in the Middle East may qualify to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in Bangkok in December 2025. Last year, Oud Real Estate Company triumphed with the Best Mixed Use Developer (Asia) title at the 19th PropertyGuru Asia Property Awards Grand Final, following wins during the inaugural PropertyGuru Asia Property Awards (Middle East).
The 2025 PropertyGuru Asia Property Awards (Middle East) are supported by official property portal PropertyGuru; official magazine Property Report by PropertyGuru; and official supervisor HLB.
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025.
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.
(1) Based on SimilarWeb data between January 2024 and June 2024. (2) Based on Google Analytics data between January 2024 and June 2024. (3) Based on data between April 2024 and June 2024. (4) Based on data between January 2024 and June 2024.
CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
Media & Partnerships: Piyachanok Raungpaka, Senior Media & Marketing Services Executive M: +66 94 887 5163 E: piyachanok@propertyguru.com
Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the “Company” or “EMN”) is pleased to announce that shareholders have voted in favour of all matters of business brought before them at the Company’s Annual General & Special Meeting of Shareholders (the “Meeting”) held on May 15, 2025. Detailed results of the voting from the Meeting are set out below.
In addition, the Company announces an upcoming change to its Chief Financial Officer effective at the end of the month. See below for details.
In respect of Resolution 1, election of the Company’s directors, all five management nominees standing for election were elected as set out below based on a vote conducted by ballot:
Nominee
Total Votes Cast
Votes For
% For
Votes Withheld (Abstained)
% Withheld (Abstained)
John Webster
35,504,229
30,473,634
85.83
5,030,595
14.17
David B. Dreisinger
35,504,229
30,289,601
85.31
5,214,628
14.69
Thomas M. Stepien
35,504,229
30,298,601
85.34
5,205,628
14.66
Ludivine Wouters
35,504,229
33,904,004
95.49
1,600,225
4.51
Rick Anthon
35,618,229
33,735,888
94.72
1,882,341
5.28
The following matters of business at the Meeting, which were also carried out and decided by ballot, were approved:
Total Votes
Votes For
% For
Votes Against
% Against
Votes Withheld /Abstained
Resolution 2 – Appointment of Pricewaterhouse- Coopers LLP as Auditors of the Company
35,645,599
31,760,224
89.10
N/A
N/A
3,885,375
Resolution 3 – Re-approval of the Company’s Stock Option Plan(1)
35,504,229
32,389,657
91.23
2,963,702
8.35
150,870
(1) In accordance with the rules of the Australian Securities Exchange (the “ASX“), shareholders of the Company also approved the Company’s stock option plan by a majority of the votes cast, with the 455,661 votes cast by directors of the Company excluded and reclassified as withheld/abstain. Based on this exclusion and reclassification, the total number of votes cast in respect of this resolution was 35,504,229, of which 31,933,996 votes were cast for the resolution, representing 89.94% of the total votes cast, 2,963,702 votes were cast against the resolution, representing 8.35% of the total votes cast, and 606,531 votes were withheld/abstain, representing 1.71% of the total votes cast.
Additionally, for purposes of the ASX, shareholders of the Company also approved each of the following resolutions:
a) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 21,400,000 Units comprising of 21,400,000 Shares and 21,400,000 Warrants to the European Bank for Reconstruction and Development (the “EBRD“) and the issuance of up to 18,063,331 Units comprising of 18,063,331 Shares and 18,063,331 Warrants, and 14,650,278 Units comprising of 14,650,278 CHESS Depositary Interests (“CDIs“) each representing one Share and 14,650,278 Warrants to sophisticated and professional investors, respectively, (the “Offering“);
b) for the purpose of Listing Rules 10.11.1 and 10.11.4 of the ASX, the issuance to the following individuals of Units under the Offering on terms and conditions identical to all other subscribers under the Offering:
(i) 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to JJW Investments Ltd., a company controlled by Mr. John Webster;
(ii) 41,666 Units, comprising of 41,666 Shares and 41,666 Warrants, to Dr. David B. Dreisinger.
(iii) 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Mr. Thomas M. Stepien.
(iv) 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Ms. Ludivine Wouters; and
(v) 256,410 Units, comprising of 256,410 CDIs and 256,410 Warrants, to Mr. Rick Anthon;
c) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 4,904,478 broker warrants (the “Broker Warrants“) to Canaccord Genuity (Australia) Limited (“Canaccord“) and Foster Stockbroking Pty Ltd. (“FSB“), in connection with their remuneration for acting as co-lead managers of the Offering;
d) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 7,692,307 CDIs and 7,692,307 Warrants to Eligible Shareholders under the Share Purchase Plan (“SPP“) on the terms and conditions described in the prospectus issued to Eligible Shareholders; and
e) for the purpose of Listing Rule 7.1 of the ASX, the issuance of 22,263,733 Orion Warrants to OMRF (BK) LLC (“Orion“) as compensation for certain amendments to the Convertible Loan and Royalty Agreement.
In accordance with Listing Rule 3.13.2(d) of the ASX, detailed results of the voting from the Meeting, on the resolutions outlined above, all of which were carried out and decided by ballot, are set out below.
Total Votes
Votes For
% For
Votes Against
% Against
Votes Withheld /Abstained
Resolution 4(a) – Issuance of 54,113,609 Units comprising 39,463,331 Shares and 14,650,278 CDIs and 54,113,609 Warrants to Non-Related Party Investors and the EBRD
35,504,229
27,456,337
77.33%
1,228,296
3.46%
6,819,596
Resolution 4(b)(i) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to JJW Investments Ltd.
35,504,229
33,171,670
93.43
1,235,052
3.48
1,097,507
Resolution 4(b)(ii) – Issuance of 41,666 Units, comprising of 41,666 Shares and 41,666 Warrants, to Dr. David B. Dreisinger
35,504,229
33,187,967
93.48
1,235,052
3.48
1,081,210
Resolution 4(b)(iii) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Mr. Thomas M. Stepien
35,504,229
33,407,649
94.09
1,235,052
3.48%
861,528
Resolution 4(b)(iv) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Ms. Ludivine Wouters
35,504,229
33,196,678
93.50
1,234,188
3.48
1,073,363
Resolution 4(b)(v) – Issuance of 256,410 Units, comprising of 256,410 CDIs and 256,410 Warrants, to Mr. Rick Anthon
35,504,229
33,469,602
94.27%
1,234,188
3.48
800,439
Resolution 4(c) – the issuance of 4,904,478 Broker Warrants to Canaccord and FSB
35,504,229
30,898,394
87.03%
1,163,498
3.28%
3,442,337
Resolution 4(d) – the issuance of 7,692,307 CDIs and 7,692,307 Warrants to Eligible Shareholders under the SPP
35,504,229
33,324,730
93.86%
906,086
2.55%
1,273,413
Resolution 5 – the issuance of 22,263,733 Orion Warrants to Orion
35,504,229
33,362,546
93.97%
1,184,924
3.34%
956,759
The Company disregarded the following votes, from the applicable resolutions, as required by Listing Rule 14.11 of the ASX:
a) votes cast by the EBRD or any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issuance of Shares or CDIs under the Offering (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 4(a);
b) votes cast by any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issuance of securities under the Offering (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolutions 4(b)(i), 4(b)(ii), 4(b)(iii), 4(b)(iv);4(b)(v) and 4(c);
c) votes cast by Canaccord and FSB (or any associates of Canaccord and FSB) who will be receiving Broker Warrants (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 4(c);
d) votes cast by any person (or any associates of such person) who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issuance of securities under the SPP (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 4(d); and
e) votes cast by Orion (or any associates of Orion) or any person (or any associates of such person) who will be receiving Orion Warrants (except a benefit solely by reason of being a holder of ordinary shares in the Company) from Resolution 5.
Accordingly, the following voting exclusions applied to each of the resolutions below as required by the rules of the ASX:
Resolution 4(a): Total votes for Resolution 4(a) exclude 6,527,532 votes cast by parties participating in the Offering, including the EBRD and the directors. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(a).
Resolution 4(b)(i): Total votes for Resolution 4(b)(i) exclude 235,979 votes cast by John Webster (and entities controlled by him, including JJW Investments Ltd.) who subscribed for Units in the Offering. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(b)(i).
Resolution 4(b)(ii): Total votes for Resolution 4(b)(ii) exclude 219,682 votes cast by David Dreisinger (and entities controlled by him) who subscribed for Units in the Offering. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(b)(ii).
Resolution 4(b)(iii): Total votes for Resolution 4(b)(iii) exclude nil votes cast by Thomas Stepien (and entities controlled by him) who subscribed for Units in the Offering.
Resolution 4(b)(iv): Total votes for Resolution 4(b)(iv) exclude nil votes cast by Ludivine Wouters (and entities controlled by her) who subscribed for Units in the Offering.
Resolution 4(b)(v): Total votes for Resolution 4(b)(v) exclude nil votes cast by Rick Anthon (and entities controlled by him) who subscribed for Units in the Offering.
Resolution 4(c): Total votes for Resolution 4(c) exclude 2,390,000 votes cast by Canaccord and FSB, or their associates, which are to be issued Broker Warrants. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(c).
Resolution 4(d): Total votes for Resolution 4(d) exclude 468,854 votes cast by parties participating in the SPP. The excluded votes are reclassified to votes withheld/abstain, resulting in no change to the total Shares being voted in connection with Resolution 4(d).
Resolution 5: Total votes for Resolution 5 exclude nil votes cast by Orion which is to be issued Orion Warrants.
A total of 35,504,229 common shares, representing approximately 44.09% of the issued and outstanding common shares of the Company eligible to vote at the Meeting, were voted in connection with all of the above resolutions, except for the following: (a) the election of the Mr. Rick Anthon as a director of the Company, for which 35,618,229 common shares, representing approximately 44.23% of the issued and outstanding common shares of the Company eligible to vote at the Meeting were voted; and (b) resolution 2, the appointment of PricewaterhouseCoopers LLP as Auditors of the Company, for which 35,645,599 common shares, representing approximately 44.26% of the issued and outstanding common shares of the Company eligible to vote at the Meeting were voted. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedarplus.ca.
In accordance with ASX Listing Rule 3.13.2(e), the information below is being provided for the aggregate number of securities for which valid proxies were received before the Meeting. None of the Company appointed proxy holders were able to vote on any of the resolutions in their discretion.
Nominee
Total Proxies Received
Proxy directed to vote For
Proxy directed to vote Against
Proxy directed to Abstain
Proxy could vote at their discretion
Resolution 1 – Election of directors:
John Webster
35,504,229
30,473,634
N/A
5,030,595
Nil
David B. Dreisinger
35,504,229
30,289,601
N/A
5,214,628
Nil
Thomas M. Stepien
35,504,229
30,298,601
N/A
5,205,628
Nil
Ludivine Wouters
35,504,229
33,904,004
N/A
1,600,225
Nil
Rick Anthon
35,618,229
33,735,888
N/A
1,882,341
Nil
Resolution 2 – Appointment of Pricewaterhouse- Coopers LLP as Auditors of the Company
35,645,599
31,760,224
N/A
3,885,375
Nil
Resolution 3 – Re-approval of the Company’s Stock Option Plan (1)
35,504,229
31,933,996
2,963,702
606,531
Nil
Resolution 4(a) – Issuance of 54,113,609 Units comprising 39,463,331 Shares and 14,650,278 CDIs and 54,113,609 Warrants to Non-Related Party Investors and the EBRD(2)
35,504,229
27,456,337
1,228,296
6,819,596
Nil
Resolution 4(b)(i) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to JJW Investments Ltd. (3)
35,504,229
33,171,670
1,235,052
1,097,507
Nil
Resolution 4(b)(ii) – Issuance of 41,666 Units, comprising of 41,666 Shares and 41,666 Warrants, to Dr. David B. Dreisinger(4)
35,504,229
33,187,967
1,235,052
1,081,210
Nil
Resolution 4(b)(iii) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Mr. Thomas M. Stepien
35,504,229
33,407,649
1,235,052
861,528
Nil
Resolution 4(b)(iv) – Issuance of 55,555 Units, comprising of 55,555 Shares and 55,555 Warrants, to Ms. Ludivine Wouters
35,504,229
33,196,678
1,234,188
1,073,363
Nil
Resolution 4(b)(v) – Issuance of 256,410 Units, comprising of 256,410 CDIs and 256,410 Warrants, to Mr. Rick Anthon
35,504,229
33,469,602
1,234,188
800,439
Nil
Resolution 4(c) – the issuance of 4,904,478 Broker Warrants to Canaccord and FSB(5)
35,504,229
30,898,394
1,163,498
3,442,337
Nil
Resolution 4(d) – the issuance of 7,692,307 CDIs and 7,692,307 Warrants to Eligible Shareholders under the SPP(6)
35,504,229
33,324,730
906,086
1,273,413
Nil
Resolution 5 – the issuance of 22,263,733 Orion Warrants to Orion
35,504,229
33,362,546
1,184,924
956,759
Nil
(1) Excludes 455,661 votes cast by proxy by directors of the Company, which were reclassified as withheld/abstain. (2) Excludes 6,527,532 votes cast by proxy by the EBRD, directors and other subscribers in the Offering, which were reclassified as withheld/abstain. (3) Excludes 235,979 votes cast by proxy by John Webster and companies controlled by him (including JJW Investments Ltd.), which were reclassified as withheld/abstain. (4) Excludes 219,682 votes cast by proxy by David Dreisinger and companies controlled by him, which were reclassified as withheld/abstain. (5) Excludes 2,390,000 votes cast by proxy by Canaccord and FSB or their associates, which were reclassified as withheld/abstain. (6) Excludes 468,854 votes cast by proxy by subscribers to the SPP, which were reclassified as withheld/abstain.
Change in Chief Financial Officer
The Company also announces that Dean Larocque will step down as Chief Financial Officer effective May 30, 2025. The Company would like to thank Dean for his efforts since joining the Company in November 2024 and wish him well in his future endeavours. The Company expects to announce the appointment of its new Chief Financial Officer in the coming weeks.
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual-listed on the TSXV and the ASX.
Authorized for release by the President and CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Inquiries
Martina Blahova President and CEO +1-604-681-1010 ext. 101 Website: www.mn25.ca
Jane Morgan Management Jane Morgan Investor and Media Relations – Australia +61 (0) 405 555 618 jm@janemorganmanagement.com.au
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Forward-Looking Statements
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
Forward-looking statements include statements regarding replacing the Chief Financial Officer and any expected outcome and ability to navigate current market conditions. All forward-looking statements are made based on the Company’s current beliefs including various assumptions made by the Company, including that the Chvaletice Project will be developed and operate as planned, the Company will obtain sufficient financing, and that the Company will be able to meet the conditions of its secured financing. Factors that could cause actual results or events to differ materially from current expectations include, among other things: insufficient working capital; inability to meet the conditions of its secured financing, risks due to granting security, lack of availability of financing for developing and advancing the Chvaletice Project; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; risks related to fluctuations in currency exchange rates; and regulation and changes in laws by various governmental agencies. For a further discussion of risks relevant to the Company, see “Risk Factors” in the Company’s annual information form for the year ended September 30, 2024, available on the Company’s SEDAR+ profile at www.sedarplus.ca.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
Supported by the Collective for a Stronger Society, this donation is doubled through the SG Gives Matching Grant, expanding its impact
The Apipatana Foundation has donated S$50,000 through the Community Foundation of Singapore (CFS)’s donor-advised fund to support children from lower-income families in Singapore.
This donation qualifies for a 1-to-1 match under the SG Gives Matching Grant through the Collective for a Stronger Society (CSS) – a CFS-led initiative that consolidates resources to drive impactful social programmes.
These funds will fully support a year of operational costs for CATCH THEM YOUNG’s new KidsExcel+ programme, an afterschool initiative dedicated to primary school students from households earning a per capita monthly income of S$750 or less. By ensuring sustained access to quality educational and extracurricular support, this investment directly empowers children with the skills, confidence, and opportunities needed for long-term success.
“I am honoured to support the KidsExcel+ programme with this inaugural donation,” said Thanit Apipatana, Founder, The Apipatana Foundation. “Many children face hurdles that go beyond the classroom, making it harder to stay on track academically. I look forward to seeing this programme support students in their studies and beyond.”
“Real change doesn’t happen on its own – it happens when people come together,” said Paul Tan, CEO, Community Foundation of Singapore (CFS). “We’re proud to support The Apipatana Foundation and Catch Them Young in their shared mission to uplift children’s lives. For 17 years, CFS has been a trusted partner, empowering givers like Thanit to fulfil their philanthropic purpose for good. We remain committed to advocating for a generous society and helping to build a more caring and inclusive Singapore for generations to come.”
The donations will benefit 650 participating lower-income students under the Ministry of Social and Family Development’s (MSF) ComLink+ and the Ministry of Education’s Financial Assistance Scheme this year.
KidsExcel+ is an expanded version of the original KidsExcel programme, and following a successful pilot in 2024, it will fully replace the latter this year. The new programme has integrated a more holistic range of offerings to improve academic and socio-emotional development outcomes for its student intake.
The KidsExcel+ programme will run for 50 weeks every year, with weekly three-hour sessions that provide academic tutoring in English, Mathematics, and Science. Beyond the core curriculum, the programme incorporates team sports to help students develop confidence, resilience, and teamwork skills, with biannual sports camps offering additional opportunities to strengthen leadership and collaboration. Students will also have access to e-resource libraries, adaptive assessments, and Android tablets with mobile connectivity – tools that allow them to learn on their own.
“The generosity of our donors surpasses our expectations each year. We applaud their enthusiasm in seeing disadvantaged children succeed. According to the 2023 Household Expenditure Survey, lower-income families in Singapore spend nearly 4 times less on tuition than high-income families,” said Kevyn Sim, CEO, CATCH THEM YOUNG. “Donations like Mr Apipatana’s make it possible for us to help alleviate the burden on lower-income families by helping their children excel in school.”
The KidsExcel+ programme aims for 50% of participating children to improve their academic performance in at least one subject by 15%, and for 50% of them to achieve a higher Strengths & Difficulties Questionnaire (SDQ) score after completing the 50 week long programme.
About The Apipatana Foundation Established in November 2024, The Apipatana Foundation is a philanthropic initiative under the Community Foundation of Singapore, dedicated to funding education and community programmes that provide academic support, mentorship, and essential resources for underprivileged groups.
Established by Thanit Apipatana, a Bangkok-based entrepreneur, investor, and startup advisor, The Apipatana Foundation focuses on initiatives that create direct, measurable impact. Apipatana has invested in companies such as Singapore’s Mogul.sg and Thailand’s Life Below Labs, with a portfolio spanning venture building, real estate, F&B, and sports. He actively supports projects that improve access to education and strengthen social support systems.
About The Community Foundation of Singapore (CFS) The Community Foundation of Singapore empowers individuals and organisations to fulfil their philanthropic giving with purpose and impact. Our vision is to nurture a generous society of caring, inclusive and thriving communities.
As specialists in Singapore’s philanthropic ecosystem, our dedicated team provides trusted guidance to help donors structure and optimise their giving based on their values and interests. We support a wide range of causes – from uplifting disadvantaged families and vulnerable children, to championing the arts, culture, and the environment.
To ensure every donation makes a meaningful difference, we uphold the highest standards of corporate governance and collaborate with over 400 charity partners to drive effective, measurable impact.
As at March 31, 2025, CFS has raised over S$344 million in donations, including legacy gifts, and disbursed over S$200 million to diverse charitable causes.
About CATCH THEM YOUNG and KidsExcel+ CATCH THEM YOUNG is a charity that supports children from disadvantaged profiles by trying to level the playing field. One of its key programmes is KidsExcel+, which is a sports and academic enrichment programme, comprising weekly sessions held over the year.
Partnering primary schools and social agencies, each year we support 500 children from financially disadvantaged backgrounds. Through regular, consistent engagement, we hope to achieve sustained academic and behavioural progress in our children. KidsExcel+ aims to develop resilient, confident children with positive learning attitudes.
The 8th PropertyGuru Asia Property Awards (Australia) has officially launched, opening entries for 2025 across expanded categories that showcase the finest of Australia’s thriving real estate markets, from Melbourne and Sydney to Brisbane and beyond.
This year’s Awards will shine a spotlight on innovative developments in both established hubs and Australia’s fastest-growing “cities of tomorrow.”
From Left to right: Karen Kong, Head of Property Lending, Bendigo Bank; Nathanael Kitingan, AMBC Victoria President & Managing Principal, Macpherson Kelley; Ivan Lam, Executive Director, International Business, Charter Keck Cramer; Kathy Johnson, Managing Director, Yarraport Group; Josh Chye, Partner & Head of Tax Consulting, HLB Mann Judd; Deputy Lord Mayor Roshena Campbell, City of Melbourne; Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events; and Bill Papastergiadis OAM, Melbourne Managing Partner, Moray & Agnew
The official launch announcement of the PropertyGuru Asia Property Awards (Australia) was held on 9 April at the Melbourne Marriott Hotel during the “Asia Connect: Melbourne” event, with the Deputy Lord Mayor of Melbourne, Roshena Campbell, representing the City of Melbourne. The event was jointly organised by PropertyGuru Group and the Australia Malaysia Business Council (AMBC) in Victoria, with support from HLB Mann Judd and the Malaysian Developers Council of Australia (MDCA).
Deputy Lord Mayor Roshena Campbell, City of Melbourne
The Deputy Lord Mayor’s attendance underscored the role of the PropertyGuru Asia Property Awards in driving innovation, urban revitalisation, and cross-border investment in Australia’s real estate sector.
During her special address at the Asia Connect: Melbourne event, Deputy Lord Mayor Campbell shared the vision for the city’s path forward and strategic focus on long-term development and opportunities for its multicultural communities. She also highlighted the city’s important trade relationship with Asia, as well as the impact of international events such as the PropertyGuru Asia Property Awards that promote Melbourne as a great place to invest, study or live, calling it the “destination of choice.”
Exceptional liveability
Deputy Lord Mayor Campbell said: “Melbourne’s exceptional liveability is a drawcard for both domestic and international investors—with world-class sporting, cultural, and dining experiences, lush parks and gardens, and leading education opportunities, it’s no surprise we’re Australia’s fastest-growing city.”
She added: “The City of Melbourne is backing quality development like never before—and we welcome bold, visionary minds to help shape the future of our city. Melbourne is built on smart design that reflects our unique identity. But great design is more than good looks. Every building can lift our quality of life, attract investment, and deliver better housing. Our Design Excellence Program and Design Review Panel help make that happen.”
The City of Melbourne proudly hosted the last two editions of the PropertyGuru Asia Property Awards (Australia) ceremonies. In 2024, several leading real estate developers in the Australian market earned prestigious accolades, including OSK Property; BHC Property; FY Property, Kooringa Group, MA Financial, CPDM; Golden Sedayu; and Jean Yip Developments.
Asia Connect: Melbourne Panel Discussion
Asia Connect: Brisbane Panel Discussion
Other guests at Asia Connect: Melbourne included Bill Papastergiadis, OAM, Melbourne managing partner, Moray & Agnew; Karen Kong, head of property lending, Bendigo Bank; and Kathy Johnson, managing director, Yarraport Group.
From Left to right: Kiong Chan, CEO and Principal Trainer, Australian Leadership Skills Centre; Ivan Lam, Executive Director, International Business, Charter Keck Cramer; James Henderson, Managing Partner, Business Advisory, Tax Consulting, Brisbane, HLB Mann Judd; Shona Leppanen-Gibson, President, Australia Malaysia Business Council Qld; Josh Chye, Partner & Head of Tax Consulting , HLB Mann Judd; Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events; Peter Li, General Manager, Plus Agency; and Karl Fu, Partner – Asian Markets, Winning Commercial
Landmark expansion
In a landmark expansion, this year’s Awards programme was also launched at the Asia Connect: Brisbane event co-organised with HLB Mann Judd, the official supervisor. Held on 11 April at HLB’s headquarters in the Brisbane CBD, the presentation featured a panel discussion on the strengthening Brisbane property market. The speakers included Ivan Lam, chairperson of the judges, PropertyGuru Asia Property Awards (Australia), and executive director for international business, Charter Keck Cramer; Josh Chye, partner and head of tax at HLB Mann Judd; James Henderson, managing partner for business advisory and tax consulting in Brisbane at HLB Mann Judd; Kiong Chan, CEO and principal trainer, Australian Leadership Skills Centre; and Shona Leppanen-Gibson, president of Australia Malaysia Business Council – Queensland.
Asia Connect: Brisbane speakers highlighted the infrastructure improvements and development happening in Queensland’s capital city as it prepares to host the 2032 Olympic Games. Other notable guests at the event were Tina Field, honorary consul of the Royal Thai Consulate, and Sheryll Gabutero, honorary consul of the Philippines Consulate Brisbane.
The annual black-tie gala dinner and presentation ceremony for the 2025 PropertyGuru Asia Property Awards (Australia) in September will take place in Sydney at the Shangri-La Sydney. Expecting participation from Melbourne, Brisbane, Sydney and Perth, the Awards demonstrate a wider interest from developers across Australia’s key real estate markets.
Key dates for this year’s edition of the PropertyGuru Asia Property Awards (Australia) are:
18 July 2025 – Entries Close
11-20 August 2025 – Site Inspections
22 August 2025 – Final Judging
19 September 2025 – Gala Dinner and Awards Ceremony in Sydney, Australia
12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand
According to Property Report by PropertyGuru, the official magazine of the Awards, the underlying demand for Australian residential real estate remains robust, despite supply constraints in new residential listings. With stabilising interest rates, improving supply chains, and increasing suburban demand, experts remain cautiously optimistic about the long-term prospects of the market.
Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “With Australian real estate commanding global interest, we are thrilled to unveil our 2025 awards to showcase world-class projects to discerning property seekers throughout Asia Pacific. Alongside Melbourne and Sydney, Brisbane is a worthy addition to our event schedule this year, as Australia’s property market continues to diversify with impressive growth beyond traditional urban hubs. We look forward to celebrating the ingenuity and innovation of developers from all key property destinations at our domestic and international galas later this year.”
International stage
The 8th PropertyGuru Asia Property Awards (Australia) are part of the PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company. First established in 2005 in Thailand, the series marks its 20th anniversary in 2025. Over the years, the Awards expanded to include Singapore, the Philippines, Malaysia, Mainland China, Hong Kong, Macau, Japan, Vietnam, Indonesia, Sri Lanka, India, the Middle East, and Australia.
Winners of the Australia awards may qualify to compete at the 20th PropertyGuru Asia Property Awards Grand Final to be held in Bangkok, Thailand in December 2025. At the Grand Final, the best of the best from more than a dozen dynamic property markets in the Asia-Pacific region will compete on the international stage.
Josh Chye, Partner & Head of Tax Consulting, HLB Mann Judd, and Official Supervisor of PropertyGuru Asia Property Awards (Australia)
An esteemed panel of independent judges, comprising experts across various real estate sectors, will inspect and evaluate the entries. The judging process will be supervised by HLB International Real Estate Group, the “2024 Network of the Year,” under Josh Chye of HLB Mann Judd.
Ivan Lam, Executive Director, International Business, Charter Keck Cramer, and Chairperson of PropertyGuru Asia Property Awards (Australia)
Ivan Lam, chairperson of the judges, PropertyGuru Asia Property Awards (Australia), said: “We proudly launch our awards’ eighth edition amid Australia’s suburban growth, driven by demand for residences beyond city centres—especially from buyers undeterred by market shifts. With new categories this year, we honour developers who have agilely adapted to market shifts, delivering designs and masterplans that meet the needs of diverse property seekers in Australia. With economic stability improving and pressures easing, we are optimistic about long-term investment in Australia’s property market. As more projects rise, we look forward to celebrating innovation and excellence that will define the future of Australian real estate, setting benchmarks for 2025 and beyond.”
The 8th PropertyGuru Asia Property Awards (Australia) are supported by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; supporting associations Australia Malaysia Business Council (AMBC) and Malaysian Developers Council of Australia (MDCA); and official supervisor HLB.
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025.
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.
(1) Based on SimilarWeb data between January 2024 and June 2024. (2) Based on Google Analytics data between January 2024 and June 2024. (3) Based on data between April 2024 and June 2024 (4) Based on data between January 2024 and June 2024.
PROPERTYGURU CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
Media & Partnerships: Nate Dacua, Senior Manager, Media and Marketing Services M: +66 92 701 2510 E: nate@propertyguru.com
The insurance industry, serving as an economic shock absorber and social stabilizer, plays a crucial role in the national economic system. Last year, the “Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-quality Development of the Insurance Industry” required the insurance industry to firmly establish a people-centered development philosophy. Sunshine Insurance (6963.HK) actively practices the service concept of “Insurance for the People”, continuously deepens the value orientation of “putting people at the center”, and implements it as practical measures of “putting customers at the center”, creating the “Intimate Sunshine” strategy to drive its own high-quality development.
Performance data shows that in 2024, Sunshine Insurance continued its good growth momentum, achieving a total premium income of RMB 128.38 billion, an increase of 8.0% year-on-year. The net profit attributable to the shareholders of the parent company was RMB 5.45 billion, an increase of 45.8% year-on-year. The value creation ability continued to strengthen, and the embedded value increased by 11.2% compared with the end of the previous year, reaching RMB 115.76 billion.
Fully Implementing the “Intimate Sunshine” Strategy and Effectively Improving Customer Management Capabilities
Centered around the “Intimate Sunshine”, Sunshine Insurance takes the customer service principle of “Three Hearts and Four Characteristics” as the benchmark and the “Vertical and Horizontal Partners” strategic plan as the fundamental approach, actively promoting the full implementation of the customer strategy and effectively improving customer management capabilities. In 2024, the number of effective customers of the group reached 30.19 million.
Sunshine Life Insurance, focusing on the “Vertical and Horizontal Plan” and the “Three/Five/Seven” product system, refines and perfects the customer classification management system, continuously enriches and optimizes the product supply, and comprehensively grasps the changes in customer needs throughout the entire life cycle. In 2024, the management of medium and high-end customers steadily improved. The number of customers with the cumulative first-year standard premium of effective policies of RMB 150,000 and above increased by 22.7%, and the number of customers with the cumulative first-year standard premium of effective policies of RMB 50,000 and above increased by 18.2%, demonstrating the effectiveness of precise stratified management.
Sunshine Property Insurance adheres to the concept of “Everything for Customers”. For individual customers, it optimizes the differentiated customer group management system with the help of technological means, precisely provides product services, and enhances customer stickiness. In 2024, the premium of the private car business grew by 5.4%, and its proportion increased by 2.0 percentage points, while the proportion of the target customer group increased by 14.1 percentage points. For corporate customers, it deepens the “Partnership Action” risk management service and improves the risk management service capabilities in industries such as hotels and warehousing. In 2024, it provided scientific and technological loss reduction and professional risk consulting services to more than 15,000 corporate customers. The number of hotel customers increased by 54.7% year-on-year, and the renewal rate of service customers upon expiration reached 97.0%.
Always Upholding the Service of the Real Economy and Polishing the “Insurance for the People” Foundation
Putting people at the center is not only about putting customers at the center but also about actively supporting national strategies. Sunshine Insurance regards serving the real economy as an important starting point of “Insurance for the People”. In 2024, it provided risk protection of RMB 71 trillion for the real economy and provided capital support of more than RMB 463.1 billion.
Focusing on the needs of small and micro enterprises, Sunshine Insurance provides differentiated and customized product services, providing risk protection of more than RMB 412.8 billion for about 39,000 small and micro enterprises. In terms of “Rural Revitalization”, the company has increased comprehensive insurance support in multiple fields, providing agricultural risk protection of RMB 53.5 billion and paying out agricultural insurance claims of RMB 670 million. In terms of serving opening up to the outside world, it provided a risk coverage of about RMB 113.5 billion for more than 600 projects under the Belt and Road Initiative. In terms of scientific and technological innovation, it provided risk protection of about RMB 41.3 billion for scientific and technological innovation enterprises. In addition, the company closely adheres to the “Double Carbon” goal, promotes the green transformation of the economy, provides green insurance risk protection of nearly RMB 16 trillion, and the balance of sustainable investment exceeds RMB 58 billion.
With the increasing awareness of social insurance, the continuous release of policy dividends, the continuous enhancement of the public’s insurance literacy, and the gradual maturity of consumers’ risk awareness, a good foundation has been provided for the development of the insurance industry. In the future, Sunshine Insurance will continue to adhere to its original intention of providing protection for the people, deepen and solidify customer management, fulfill its industry mission, contribute more Sunshine power to the construction of a financial powerhouse, and take more solid steps on the road of serving people’s better lives.
The 3rd Future Cross Border Payments Summit (FXB Payment Summit 2025), Hosted by Fintership and managed by INOEX EVENTS LLC, is set to take place on 15 April 2025 in Dubai. This flagship event will bring together industry leaders, fintech innovators, regulatory experts, and technology providers to explore the transformative trends shaping the future of cross-border payments. Supported by Foreign Exchange and Remittance Group (FERG), UAE Banks Federation (UBF), and Al Etihad Payments the summit promises to be a dynamic gathering, fostering collaboration and driving forward the future of financial connectivity.As the global payments landscape continues to evolve at an unprecedented pace, the FXB Payment Summit 2025 will serve as a critical platform for addressing the challenges and opportunities in the industry. With themes ranging from
Future payments landscape – Rapid digital transformation is reshaping payment ecosystems, driving the shift toward instant, seamless, and borderless transactions.
Compliance & AML – Strengthening anti-money laundering measures remains a priority as financial institutions balance innovation with regulatory obligations
Regulatory advancements – Governments and central banks are adapting policies to enhance financial transparency and security while fostering fintech innovation
Fraud risks – The rise of digital transactions brings evolving fraud threats, necessitating robust cybersecurity and AI-driven fraud detection solutions
Growing fintech ecosystem – Fintech innovations are revolutionizing payments, enhancing financial inclusion, and creating new opportunities for collaboration
The summit will deliver actionable insights and foster collaboration among key stakeholders.
“The payment industry is reshaping its position with adaptation of technologies and AI , along with remittance industry which embraces the technology by innovation and providing seamless , frictionless and instant cross boarder remittances.
The whole business model and the customers experience are evolving toward a different benchmark, specially with evolving acceptance of CBDC and stable coins.
FERG is in the forefront to explore all the latest emerging trends to ensure the competitive advantage of its members and their ability to navigate through such dynamic markets. FXB is one of those well recognized platforms that allow all to explore and gain real insights from practitioners in the industry.” Said Osama Al Rahma, Chairman of Foreign Exchange and Remittance Group (FERG)
The event will feature presentations, dynamic panel discussions, fireside chats, and interactive Q&A sessions, covering latest innovations and trends in cross-border payments. A diverse lineup of representatives from both public and private sectors will participate, including Al Maryah Community Bank, RAK Bank, ICICI Bank, Mashreq Bank, Dubai Police, Al Fardan Exchange, BitOasis, Lulu Financial Holdings, H.H. Ruler’s Court of Dubai, among many other high-profile organisations.
“The global economy is witnessing unprecedented changes and accelerated developments that impact all industries and the banking and financial sector is not an exception. Adopting advanced technologies in payments is key to driving economic growth, enhancing financial inclusion, and boosting efficiency. However, we need to strike the right balance between keeping pace with the latest technologies to meet the growing demands of our customers and complying with regulations, ensuring security, transparency, and trust in the financial system. As the sole representative and unified voice of UAE banks and FIs, UBF works closely with Central Bank of the United Arab Emirates (CBUAE) and all stakeholders including UBF members like banks and FERG, all of whom are under the direct supervision of Central Bank of the UAE, to develop and implement payment solutions further and enhance socio-economic development,” said Jamal Saleh, Director General, UAE Banks Federation
We are thrilled to present an exceptional lineup of speakers who will discuss progress in payments industry, address compliance challenges, and the Banks, Exchange Houses and Fintech pivotal role in these efforts. The summit will also explore topics such as digital shift with technology, cloud, RPA, cybersecurity and other critical issues shaping our industry.
The FXB Summit is a premier global event dedicated to advancing the cross-border payments industry. Managed by INOEX EVENTS LLC, the summit brings together key stakeholders to discuss the latest trends, challenges, and opportunities in the payments ecosystem.
For more information, please contact: INOEX EVENTS LLC Email: Parul@inoexglobal.com Phone: +971 55 215 9280
Register Now:
Don’t miss this opportunity to be part of the future of cross-border payments. Register today at https://fxbsummit.com/register/
Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E06) (the “Company“) today announced that, due to strong investor demand, the previously announced financing on March 6, 2025, including a placement in the Company (the “Placement“) of common shares (“NewShares“) and CHESS Depositary Interests (“NewCDIs“) (together, “NewSecurities“), has been upsized to up to C$9.8m (approximately A$10.8m)1 and the condition to raise C$8m has been met. Proceeds will be used to support ongoing development of the Chvaletice Manganese Project and customer engagements to secure additional offtake term sheets and strategic investments.
All defined terms in this press release have the same meaning as set out in the March 6, 2025, press release, unless such terms are otherwise defined herein.
Euro Manganese is pleased to report that Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, has agreed to subscribe for 16,666,666 (PC – 83,333,330) New Securities for an investment of C$3.0m (approximately A$3.3m). The European Bank for Reconstruction and Development (“EBRD“) has increased its investment to approximately C$3.9m (approximately A$4.2m). Additionally, the Company is reducing the previously announced Share Purchase Plan (“SPP“) amount to up to A$1.5m (approximately C$1.4 m), subject to receiving regulatory approval from the TSX Venture Exchange (“TSXV”) for the amount of units that form part of the SPP under the Equity Raising (defined below).
As previously announced on March 6, 2025 and March 31, 2025, the Company undertook a consolidation of its existing securities, including all shares represented by CDIs on the Australian Securities Exchange (“ASX“), at a ratio of five (5) pre-consolidation shares to one (1) post-consolidation share (the “Consolidation“). Subscriptions for all New Securities in the Equity Raising will be completed on a post-Consolidation basis. For the avoidance of doubt, all references to New Securities, Warrants, Broker Warrants, Additional Warrants and all per Share or per CDI dollar figures in this news release are on a post-Consolidation basis. Pre consolidation figures (“PC”) are shown in brackets.
Martina Blahova, Interim CEO of Euro Manganese, commented:
“We are extremely pleased with the robust support demonstrated by both our existing shareholders and new investors, including the notable participation of Mr. Eric Sprott. This strong response, alongside the continued support from EBRD and Orion, underscores the strategic significance of the Chvaletice Manganese Project to Europe’s critical minerals independence and supply chain security, a conviction further reinforced by the recent designation of the Chvaletice Manganese Deposit as a Strategic Deposit by the government of the Czech Republic and the Project’s recognition as a Strategic Project under the EU’s Critical Raw Materials Act.”
Details of the Placement and the SPP
The Company has rescheduled the date of its Annual and Special General Meeting (“ASGM“) from April 22, 2025, to May 15, 2025, where shareholders will be asked to approve the issuance of New Securities and Warrants to be issued under the Placement and the SPP (collectively referred to as the “Equity Raising“). The Company will file a management information circular in connection with the ASGM in due course in accordance with applicable securities laws. The Equity Raising, and all terms related thereto, remain subject to the approval of the TSX-V.
Details of the Placement
The Placement consists of an aggregate of 54,578,350 (PC -272,891,772) New Securities (comprised of 39,671,662 (PC -198,358,310) New Shares and 14,906,688 (PC – 74,533,462 New CDIs)) and 54,578,350 (PC – 272,891,772) Warrants for aggregate gross proceeds of C$9.8m (approximately A$10.8m)1 which will be subject to shareholder approval as required by Listing Rules 7.1, 10.11.1 and 10.11.4 of the ASX to be sought at the ASGM. Warrants issued in connection with the Placement will be exercisable any time prior to the date that is 18 months from the closing of the Placement and have an exercise price of C$0.225 (PC – C$0.045) per New Security.
Included in the Placement are:
(i) subscriptions are to be issued in excess of the number permitted under ASX Listing Rule 7.1, which includes:
14,650,278 (PC – 73,251,410) New CDIs and 14,650,278 (PC – 73,251,410) Warrants subscribed for under the Placement led by the Joint Lead Managers (as defined below) for aggregate gross proceeds of A$2.9m (approximately C$2.6m);
21,400,000 (PC – 107,000,000) New Shares and 21,400,000 (PC – 107,000,000) Warrants subscribed for by EBRD for gross proceeds of C$3.9m (approximately A$4.2m) (the “EBRD Subscription“);
18,063,331 (PC – 90,316,655) New Shares and 18,063,331 (PC – 90,316,655) Warrants subscribed for directly with the Company for gross proceeds of C$3.3m (approximately A$3.6m), which include 16,666,666 (PC – 83,333,330) New Shares and 16,666,666 (PC – 83,333,330) Warrants subscribed for by Mr. Eric Sprott, through 2176423 Ontario Ltd. a corporation which is beneficially owned by him, for gross proceeds of C$3.0m (approximately A$3.3m) (the “Sprott Subscription“); and
(ii) subscriptions by related parties of the Company (consisting of directors of the Company and companies controlled by directors of the Company) for 464,741 (PC – 2,323,707) New Securities (comprised of 208,331 (PC – 1,041,655) New Shares and 256,410 (PC – 1,282,052) New CDIs) and 464,741 (PC- 2,323,707) Warrants for gross proceeds of C$83,000 (approximately A$91,200) (“Related Party Subscription“), which are subject to approval by the Company’s shareholders as required by ASX Listing Rule 10.11.1 and 10.11.4.
Since certain directors and management of the Company are expected to participate in the Related Party Subscription, the Conditional Placement is expected to be a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Conditional Placement by such directors and management is not expected to exceed 25% of the fair market value of the Company’s market capitalization, as calculated in accordance with MI 61-101.
Updated Details of the Share Purchase Plan
Details of the SPP were announced on March 6, 2025. The SPP will be reduced to up to A$1.5m (approximately C$1.4m) (the “SPP Subscription“), subject to receiving regulatory approval from the TSXV for the units that comprise the SPP under the Equity Raising. The SPP will include 7,692,307 (PC – 38,461,535) New CDIs and 7,692,307 (PC – 38,461,535) Warrants exercisable any time prior to the date that is 18 months from the date of issue of the Warrants, with an exercise price of C$0.225 (PC – C$0.045) per New Security. Orion has agreed to fill any shortfall under the SPP (at the Equity Raising Price) up to a maximum of A$1.5 million. The New CDIs and Warrants issued under the SPP will also be subject to shareholder approval at the ASGM under ASX Listing Rule 7.1. The record date for the SPP remains the same as disclosed on March 6, 2025, and the rest of the indicative timetable has changed as set out below.
The Company retains the right to accept applications for the SPP (in whole or part) at its absolute discretion (subject to applicable law including compliance with the ASX Listing Rules). The Company may also cancel the SPP if the Company’s Board of Directors determines it is in the best interest of the Company, after considering the final amount of units approved by the TSXV for the Equity Raising.
European Bank for Reconstruction and Development
With the Sprott Subscription, the Company has now successfully secured additional funding that will satisfy the EBRD condition that the Company raise at least C$8 million (A$8.8m), assuming the Company receives shareholder approval at the ASGM. EBRD has increased its subscription to C$3,852,000 (approximately A$4.2m) given the upsizing of the Equity Raising. Prior to the completion of the EBRD Subscription, EBRD owns 3,560,000 common shares, representing an ownership interest of 4.42% of the issued and outstanding common shares. On completion of the EBRD Subscription, EBRD’s ownership interest will be, in aggregate (including the common shares it currently owns) 24,960,000 common shares, representing an ownership interest of 17.48% of the issued and outstanding common shares and an increase of 13.06%. Assuming the exercise by EBRD of all its Warrants, and assuming the exercise of (i) all Warrants issued under the Equity Raising, (ii) all Warrants issued under the SPP Subscription, and (iii) all Additional Warrants, EBRD’s ownership interest will be in aggregate 46,360,000 common shares, representing an aggregate beneficial ownership interest of 19.96% of the issued and outstanding shares and an increase of 15.54%. EBRD has agreed, pursuant to the terms of the Warrants issued to EBRD, that for so long as the Company is listed on the TSXV, unless approval from the TSXV and disinterested shareholders of the Company have been obtained pursuant to the policies of the TSXV (provided that such approval is required at the relevant time), EBRD will not be permitted to exercise such number of warrants that would result in it beneficially owning more than 19.99% of the outstanding common shares of the Company.
Broker Fees and Additional Warrants
Canaccord Genuity (Australia) Limited (“Canaccord Genuity“) and Foster Stockbroking Pty Ltd (“FSB“) are acting as Joint Lead Managers and Bookrunners for the Equity Raising (together the “Joint Lead Managers“). Aggregate fees payable in cash by the Company to Canaccord Genuity and FSB in connection with the Placement and the SPP will be 6% of the aggregate gross proceeds from the Placement and SPP to a cap of C$8 million (A8.8m).
Additionally, Canaccord Genuity and FSB will be issued 4,904,478 (PC – 24,522,396) broker warrants (“Broker Warrants“), representing 12% of the aggregate number of New Securities issued under the Placement and the SPP, excluding those issued pursuant to the EBRD Subscription, exercisable any time prior to the date that is 24 months from the date of issue of the Broker Warrants, with an exercise price of C$0.225 (PC – C$0.045) per New Security. As the number of Broker Warrants, together with the New Securities and Warrants to be issued under the Placement, exceeds the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1, this issuance will also be subject to approval by the Company’s shareholders at the ASGM.
Additionally, as announced previously on December 3, 2024, the Company agreed, subject to receipt of TSX-V approval, to issue to Orion 22,263,733 (PC – 111,318,665) warrants to purchase Shares (the “Additional Warrants“), exercisable any time prior to the date that is 18 months from the closing of the Placement, with an exercise price of C$0.225 (PC – C$0.045) per New Security. As the number of the Additional Warrants exceeds the maximum number of securities that can be issued by the Company under ASX Listing Rule 7.1, this issuance will also be subject to approval by the Company’s shareholders at the ASGM.
The securities to be issued or made issuable under the Equity Raising, as well as the Additional Warrants, have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Applicable Hold Periods
New Shares issued or made issuable will not be permitted to be traded in or into Canada or through TSXV for 4 months and 1 day following completion and will be subject to legending requirements under Canadian securities laws. New Shares will be listed on the TSXV, and New CDIs listed on the ASX. Warrants will not be listed. New CDIs will not be permitted to be exchanged for common shares and traded on TSXV for 4 months and 1 day from their date of issue.
Common shares issued upon exercise of the Warrants, Broker Warrants or Additional Warrants during the four-month period and 1 day after their respective date of issue are subject to the same restrictions noted above.
The Warrants, Broker Warrants or Additional Warrants may not be traded in or into Canada for 4 months and 1 day following completion and will be subject to legending requirements under Canadian securities laws.
Updated Indicative Equity Raising Timetable
The following indicative timetable assumes A$1.5m SPP and is subject to the Company receiving TSXV approval for the amount of units that form part of the SPP under the Equity Raising.
Vancouver
Australia
SPP Record Date
n/a
Wednesday, March 5, 2025
Share Purchase Plan Opens
n/a
Wednesday, April 16, 2025
Share Purchase Plan Closes
n/a
Wednesday, April 30, 2025
Meeting to approve the Equity Raising and related matters
Thursday, May 15, 2025
Friday, May 16, 2025
Settlement of New Securities Issued under the Equity Raising
Wednesday, May 21, 2025
Thursday, May 22, 2025
Allotment of New Securities issued under the Equity Raising
Thursday, May 22, 2025
Friday, May 23, 2025
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual listed on the TSX-V and the ASX.
Authorized for release by the Interim CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Enquiries
Martina Blahova Interim Chief Executive Officer +1 (604) 681-1010 martina@mn25.ca
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
Such forward-looking information or statements also include, but are not limited to, statements regarding the Company’s intentions regarding the development of the Chvaletice Project, statements regarding the terms of the Placement, including completion thereof, the anticipated closing dates of the Placement, receipt of necessary regulatory approvals, the holding of the shareholder meeting, the use of proceeds of the Placement and the SPP, the issuance of the Additional Warrants, the terms of the SPP, including completion thereof, and any participation by Orion, statements regarding the Consolidation, including completion thereof.
All forward-looking statements are made based on the Company’s current beliefs including various assumptions made by the Company including that the Chvaletice Project will be developed and operate in accordance with current plans, that the Company will be able to raise the financing that it requires, and that it will meet conditions of its secured credit facility. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to maintaining necessary licenses or permits; risks related to acquisition of surface rights; securing sufficient offtake agreements; the availability of acceptable financing, and risks related to granting security; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see “Risk Factors” in the Company’s annual information form for the year ended September 30, 2024, available on the Company’s SEDAR+ profile at www.sedarplus.ca.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries. To commemorate the milestone, the awards programme has been revitalised with the addition of new competitive categories as well as a new venue for 2025.
The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries, with submissions accepted until 5 September.
The latest search for Singapore’s finest real estate unfolds against a backdrop of market resilience and stability. Strong property demand persists despite ongoing challenges faced by property seekers, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.
The black-tie gala dinner and awards ceremony will be held for the first time at Andaz Singapore. Key dates for the 2025 edition are:
5 September 2025 – Entries Close
22-26 September 2025 – Site Inspections
29 September 2025 – Final Judging
31 October 2025 – Gala Dinner and Awards Ceremony in Singapore
12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand
The 15th PropertyGuru Asia Property Awards (Singapore) programme is part of the broader PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company.
Stable sentiment
Singapore’s real estate market continues to exhibit resilience, with one in two consumers intending to buy a property within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.
The Sentiment Index—which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices—remained stable at 43 points. This represents a slight decrease from the H1 2024 report, which recorded 44 points.
This year’s awards mark the debut of several new categories, including Best Renovated Commercial Development; Best Renovated Residential Development; and Best Sustainable Development.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are proud to launch the 15th edition of our Awards series in Singapore, presenting well established and new accolades that underline its reputation as one of the greenest and most forward-thinking real estate markets in Asia Pacific. Our 2025 awards aim to recognise an even richer range of options for nature-inspired living and urban comforts in Singapore, illustrating a vision of what tomorrow’s cities can achieve. We are optimistic that demand for quality will stay resilient despite market challenges as we honour more projects that benefit Singapore’s diverse communities and safeguard its environment.”
Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), with 2024 Best Developer, UOL Group Limited
Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), said: “At the 2025 PropertyGuru Asia Property Awards (Singapore), developers have the opportunity to present their achievements on a distinguished platform, showcasing them to the industry at large. Continuously adapting with the times, the awards honour companies and projects that excel not only in raising design and development standards but also in advancing sustainability, lifting communities, and improving the urban fabric of Singapore.”
Thorsteins leads an independent panel of judges, comprising experts across various segments of the Singapore real estate industry. As the official supervisor, HLB Singapore Foo Kon Tan, part of “2024 Network of the Year” winner HLB International, will maintain the fairness, transparency, and credibility of the selection process.
Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.
Historic edition
Established in 2005, the PropertyGuru Asia Property Awards series celebrates its historic 20th edition this year. The series has expanded over the decades to include markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore.
Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.
At the 2024 Grand Final, eight Best in Asia titles were presented to outstanding companies from Singapore: UOL Group Limited and Singapore Land Group Limited, Pan Pacific Hotels Group, GuocoLand and Hong Leong Holdings Limited, TID Pte. Ltd., and FRX Capital Private Limited.
Organised by PropertyGuru Group, the 15th Annual PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A Magazine, SquareRooms, and Tatler Asia Homes; and official supervisor HLB.
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025.
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.
(1) Based on SimilarWeb data between January 2024 and June 2024. (2) Based on Google Analytics data between January 2024 and June 2024. (3) Based on data between April 2024 and June 2024. (4) Based on data between January 2024 and June 2024.
PROPERTYGURU CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
Media & Partnerships: Nate Dacua, Senior Manager, Media and Marketing Services M: +66 92 701 2510 E: nate@propertyguru.com
The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries. To commemorate the milestone, the awards programme has been revitalised with the addition of new competitive categories as well as a new venue for 2025.
The 15th edition of the PropertyGuru Asia Property Awards (Singapore) is now open for entries, with submissions accepted until 5 September.
The latest search for Singapore’s finest real estate unfolds against a backdrop of market resilience and stability. Strong property demand persists despite ongoing challenges faced by property seekers, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.
The black-tie gala dinner and awards ceremony will be held for the first time at Andaz Singapore. Key dates for the 2025 edition are:
5 September 2025 – Entries Close
22-26 September 2025 – Site Inspections
29 September 2025 – Final Judging
31 October 2025 – Gala Dinner and Awards Ceremony in Singapore
12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand
The 15th PropertyGuru Asia Property Awards (Singapore) programme is part of the broader PropertyGuru Asia Property Awards series, organised by PropertyGuru Group, Southeast Asia’s leading property technology company.
Stable sentiment
Singapore’s real estate market continues to exhibit resilience, with one in two consumers intending to buy a property within the next five years, according to the PropertyGuru Singapore Consumer Sentiment Study H2 2024.
The Sentiment Index—which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices—remained stable at 43 points. This represents a slight decrease from the H1 2024 report, which recorded 44 points.
This year’s awards mark the debut of several new categories, including Best Renovated Commercial Development; Best Renovated Residential Development; and Best Sustainable Development.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are proud to launch the 15th edition of our Awards series in Singapore, presenting well established and new accolades that underline its reputation as one of the greenest and most forward-thinking real estate markets in Asia Pacific. Our 2025 awards aim to recognise an even richer range of options for nature-inspired living and urban comforts in Singapore, illustrating a vision of what tomorrow’s cities can achieve. We are optimistic that demand for quality will stay resilient despite market challenges as we honour more projects that benefit Singapore’s diverse communities and safeguard its environment.”
Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), with 2024 Best Developer, UOL Group Limited
Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd, and chairperson of the PropertyGuru Asia Property Awards (Singapore), said: “At the 2025 PropertyGuru Asia Property Awards (Singapore), developers have the opportunity to present their achievements on a distinguished platform, showcasing them to the industry at large. Continuously adapting with the times, the awards honour companies and projects that excel not only in raising design and development standards but also in advancing sustainability, lifting communities, and improving the urban fabric of Singapore.”
Thorsteins leads an independent panel of judges, comprising experts across various segments of the Singapore real estate industry. As the official supervisor, HLB Singapore Foo Kon Tan, part of “2024 Network of the Year” winner HLB International, will maintain the fairness, transparency, and credibility of the selection process.
Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.
Historic edition
Established in 2005, the PropertyGuru Asia Property Awards series celebrates its historic 20th edition this year. The series has expanded over the decades to include markets such as the Middle East, Mainland China, Hong Kong, Macau, Japan, Australia, India, Sri Lanka, Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Singapore.
Winners of the 2025 PropertyGuru Asia Property Awards (Singapore) may be eligible to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in December.
At the 2024 Grand Final, eight Best in Asia titles were presented to outstanding companies from Singapore: UOL Group Limited and Singapore Land Group Limited, Pan Pacific Hotels Group, GuocoLand and Hong Leong Holdings Limited, TID Pte. Ltd., and FRX Capital Private Limited.
Organised by PropertyGuru Group, the 15th Annual PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A Magazine, SquareRooms, and Tatler Asia Homes; and official supervisor HLB.
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025.
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.
(1) Based on SimilarWeb data between January 2024 and June 2024. (2) Based on Google Analytics data between January 2024 and June 2024. (3) Based on data between April 2024 and June 2024. (4) Based on data between January 2024 and June 2024.
PROPERTYGURU CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
Media & Partnerships: Nate Dacua, Senior Manager, Media and Marketing Services M: +66 92 701 2510 E: nate@propertyguru.com
As the global payments landscape continues to evolve at an unprecedented pace, the FXB Payment Summit 2025 will serve as a critical platform for addressing the challenges and opportunities in the industry. With themes ranging from
