Category: Daily Finance

Chin Hin Group Property to acquire 45% stake in Aima Construction for RM31.5 million

Chin Hin Group Property Berhad (CHGP; 7187), a Bursa Main Market listed company primarily involved in assembly and sales of new and rebuilt commercial vehicles as well as property development, announced today its proposed acquisition of 45% equity in Aima Construction Sdn Bhd (“Aima”), signifying its interest to venture into the construction industry.

Aima has an established track record spanning over three decades mainly doing construction work for mid-rise and landed properties, completing approximately RM1.7 billion worth of projects since its inception. It is also a Grade 7 contractor registered with Construction Industry Development Board and is principally engaged in the business of construction, contractors, subcontractors. Its total order book value currently stands at RM320 million.

According to a filing with Bursa Malaysia, CHGP entered into a conditional share sale agreement with Uniplaza Sdn Bhd for the proposed acquisition of ordinary shares in Aima representing an equity interest of 45% for a consideration of RM31.5 million which will be fully satisfied via allotment and issuance of up to 35,795,400 new ordinary shares in CHGP at an issue price of RM0.88 per Consideration Share.

Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed by the third quarter of year 2021.

CHGP Executive Director Mr Chiau Haw Choon said: “Following the Proposed Acquisition, Aima will become an associate company of CHGP, and this will allow us to have an indirect access to the on-going and future projects of Aima. In addition, it will accelerate CHGP’s expansion plan without an initial cash outlay as the Purchase Consideration will be fully satisfied via allotment and issuance of Consideration Shares. Ultimately, our goal is to transform CHGP into a major property and construction player – therefore this corporate exercise fits into our strategy perfectly.”

He added that Aima will also be able to tap into CHGP’s vast network in the property and construction industry to boost its construction orderbook.

Meanwhile, Aima Managing Director Mr Khor Ken Yeon stated: “This is a historic day for Aima, as we formally announce our desire to join forces with CHGP and take our business to new heights. Synergistic benefits are expected to arise from the Proposed Acquisition as both CHGP and Aima are operating in and servicing the same industry, ie the property development industry and construction industry. Especially in regard to CHGP’s plans to launch RM3.73 billion worth of projects in the coming years, we can expect to see significant participation from our end as construction work for properties has been our forte for several decades.”

To recap, CHGP announced on 8 February 2021 its plans to spend RM268 million to acquire 81.9 acres of land in the Klang Valley to develop five different property projects. It aims to generate RM3.73 billion in gross development value (GDV) from on-going and future developments in the next two years.

CHGP has two ongoing projects – Aera Residence and 8th & Stellar. Aera Residence is a serviced apartment project in Petaling Jaya, with an estimated GDV of RM332 million. Meanwhile, 8th & Stellar is a two-tower mixed-use development comprising serviced apartments, duplex lofts, office space and shoplots on a 2.2-acre leasehold tract in Sri Petaling. Its estimated gross development value is RM470 million. The take-up rate for both projects currently stand at 98% and 69% respectively.

Issued by: Sense Consultancy on behalf of Chin Hin Group Property Berhad

For further media enquiries please contact:
Anthony Lee
Tel: +6012 338 3705
Email: anthony@leesense.com

Jaz Ng
Tel: +6012 202 0096
Email: jaz@leesense.com

CICC Initiates Yeahka at OUTPERFORM with HK$98.20

CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an “outperform” rating and a target price of HK$98.20. CICC is upbeat on Yeahka’s dual-growth-driver (payment + value-added services) business model and the growth potential of the Company’s QR code payment and marketing services.

Key takeaways from the report include:

Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka’s high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume.

Value-added businesses: Huge room for commercialization based on its “data + scenario + traffic” business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka’s revenue and profit growth; 2) Merchant SaaS products empower small and micro merchants to improve customer stickiness. CICC sees monetization potential in the long run; 3) Yeahka’s fintech services business is expected to achieve mild growth in the short-to-mid run.

Strong internet background enables Yeahka to provide targeted services; increasing R&D investment is expected to accelerate product upgrades: 1) Yeahka’s management team possesses extensive experience in the internet sector 2) Yeahka has a solid shareholder base, which includes internet giant Tencent; 2) Its strong R&D team is expected to boost product upgrades.

BlackBixon Partners with redONE in Marketing Push for Ni Hsin Resources’ F&B Business

BlackBixon Sdn Bhd (“BlackBixon”), the food and beverage (F&B) arm of Bursa Malaysia Main Market-listed Ni Hsin Resources Berhad (NIHSIN; KLSE: 7215), sealed the partnership with redONE Network Sdn Bhd (“redONE”), a mobile virtual network operator (MVNO), to market and retail Ni Hsin’s new energy coffee under the brand name ‘BlackBixon’.

BlackBixon coffee is described as a composition providing the benefits of caffeine and the patented Bioenergy Ribose(R) in combination when consumed and helps in accentuating the human body’s natural process of energy synthesis while at the same time lessening fatigue and boosting the mental alertness of an individual. There is also the nutritional coffee variant enriched with acai berry extract for a good source of phytonutrients and antioxidants enhancing immunity while providing anti-ageing benefits.

Present at today’s signing ceremony were Deputy Inspector-General of Police YDH Dato’ Seri Acryl Sani Abdullah Sani, Chairman of Ni Hsin Encik Sofiyan bin Yahya, Managing Director of BlackBixon Mr. Khoo Chee Kong, Chief Executive Officer (“CEO”) of redONE Encik Farid Yunus and Chief Sales Officer of redONE Mr. Ben Teh.

Managing Director of BlackBixon, Mr. Khoo Chee Kong said, “We are delighted to have this collaboration with redONE as we see a lot of synergy in terms of how we can leverage on redONE’s reach of 1.2 million subscribers to market our products. We believe redONE’s network can strengthen our marketing efforts and outreach to the target consumers, both business-to-business and business-to-consumer.”

“We see our entry into F&B as strategic for the future of Ni Hsin as this new business will enhance the earnings of the Company given the interest in energy and coffee drinks, as well as the increased demands in home coffee consumption. Our BlackBixon coffee capsules combine energy, nutrition and coffee by having caffeine and natural ingredients that boost energy and immunity. As for convenience, we provide coffee machine for our consumers to use in their home or workplace without any charge subject to terms and conditions. BlackBixon is your cafe@home@office@anywhere. Ni Hsin has other plans in the pipeline to grow the F&B business, with Malaysia being the initial market, and the regional market in our next step.”

“The COVID-19 pandemic has been challenging for many, Ni Hsin included. Our move into F&B will also be the beginning of our pivot from being a cookware manufacturer as we will grow the F&B business to be bigger than the cookware business over time. We see domestic and overseas consumer sentiment improving in the second-half of the year as vaccines become available and the economy recovers. This will also hopefully translate into better demand for our new business.”

Chief Sales Officer of redONE, Mr. Ben Teh said, “redONE is proud to collaborate with Ni Hsin in a win-win partnership where our 100 Premier Shops nationwide will attract more footfall while letting our subscribers enjoy a refreshing cup of BlackBixon coffee as they are waiting to be served. This is a good gesture and adds value to our customer experience.”

The signing of today’s agreement comes after the Collaboration Agreement Ni Hsin entered into with Fiatec Biosystem Sdn Bhd in August 2020 for the development and formulation of health and bioenergy products marking the Company’s move into the F&B business. In January 2021, the Company entered into a Supply and Technical Assistance Agreement with Global Coffee Resources Sdn Bhd (“GCR”) for the appointment of GCR as the supplier for the coffee beans and coffee powders. In February 2021, Ni Hsin also filed for a patent for BlackBixon to protect the Company’s rights to the invention and to secure the competitive advantage of its F&B business in selling products using the invention.

Please contact the below for more information:
Stefani Wan
Swan Consultancy
Tel: +6012 286-1481
Email: s.wan@swanconsultancy.biz

Digitalization helps Chengdu IFS secure growth amid COVID-19

China is emerging as a pioneer market that leads the global economic recovery in the post-COVID era due to the strong epidemic prevention and control. According to data from Bain & Company, Chinese consumers will make up about half of the world’s luxury purchases by 2025, becoming the key engine that drives a rebounding global luxury industry. With the constant upgrade and development of digital technologies, Chinese consumers have been leading the world in both the adaptability to digitalization and the capacity of digital shopping.

Chengdu International Finance Square (Chengdu IFS), the mega integrated shopping complex in Southwest China, has gained double-digit growth in traffic and sales for straight seven years despite disruptions wrought by the Covid-19 pandemic, per statistics the Chengdu IFS released for its brand renewal and seventh anniversary. Digital empowerment is crucial for this prestigious mall to secure robust growth amid the pandemic’s uncertainties.

Chengdu IFS has been leveraging industry-leading approaches of digital empowerment and delicacy membership management to better connect brands with consumers. It has been utilizing disruptive solutions such as digital mall, livestreaming, online content and KOC marketing to promote precision marketing and targeted services, thus improving its operational efficiency and member engagement in an all-round manner.

Breaking Barriers of Time and Space to Accelerate Online-Offline Business Integration

Since the outbreak of the COVID-19 pandemic, “livestreaming marketing” has risen as an overwhelming trend for brick-and-mortar businesses to defy the dual limits of time and space – offline department stores, outlets and shopping centers across China have all voluntarily switched to livestreaming, as they look to tap into a new competitive arena and unlock the online sales potentials of their offline assets.

When most offline businesses were forced to shut down, Chengdu IFS built on its existing digital platform and private domain traffic to swiftly respond to the livestreaming trend – an innovative approach unchained by time and space – to boost consumption despite restricted visitor access to offline shopping sites.

As offline consumer flows gradually recovered, the Chengdu-based mall identified and promoted a new integrated shopping pattern that effectively translated “livestreaming marketing” into “offline sales” – the pattern encourages consumers to join livestreaming studios to collect discount coupons that can be redeemed at offline stores and counters. By making livestreaming the first consumer touchpoint to spur shopping desires online and redirecting potential growth to offline sales, the attempt of online-offline integration has successfully opened up a new portal for brands to engage offline traffic whilst accelerating their business digitalization.

Amid the rising trend for offline businesses to embrace live-streaming, Chengdu IFS has also brought into play its unique advantages to launch the one-of-a-kind “CHAO” livestreaming studio, working with resident brands to co-develop a series of livestreaming sessions that focus on varying themes and contents. The trailblazing approach has, on one hand, created synergetic effects among resident brands of the same category, and on the other, fostered a convenient shopping space for consumers that share similar interests and needs. At the same time, the unique model also fills livestreaming studios with stronger emotion and warmth and allows premium services previously reserved for offline shoppers to be enjoyed on the online end – this has successfully resulted in a new pattern of livestreaming marketing that prioritizes the relay of quality lifestyles over the actual sales results.

For either trial moves during the outbreak or geared-up efforts after the epidemiological curve, livestreaming marketing has proven effective in helping Chengdu IFS elevate the interaction between its resident brands and consumers, amplify the mall’s traffic-based values and brand exposures, and ensure the sustained growth of online sales opportunities while converting online clicks to offline visits. Throughout the whole 2020, Chengdu IFS completed 1,200 high-traffic livestreaming marketing sessions with resident brands that attracted a total of over 100 million online viewers.

Leveraging Digital Channels to Pursue New Growth Opportunities with Existing Member Base

Whilst physical businesses enjoy natural advantages in offline traffic, given the intensifying competition and fading appeal of online communication channels, so how to maximize profitability by digging deeper into private domain traffic and high-spending members has emerged as a top priority during the ongoing business transformation.

Having acutely observed the prevailing trend, Chengdu IFS wasted no time in launching CHANNEL IFS, a broadcast-style mobile information platform that focuses on “what’s trending”. By publishing high-quality contents, the platform provides consumers with the most up-to-date fashion trends to relay brand knowledge while stepping up brand exposure.

The value-added member service engages consumers by leveraging various marketing phenomena such as Vlog, KOL and brand story, working with different influencers including VIP guests, celebrities, KOLs and industry experts to share cultures and stories behind international high-street brands. Since its inception in 2020, CHANNEL IFS has worked extensively with over 100 brands, taking advantage of the strong influence of KOCs to drive sales of nearly RMB 100 million, and supported 300 high-quality member-only brand workshops, bringing stronger member stickiness and activity under the COVID-impacted “New Normal” while helping brands achieve online-to-offline closed-loop sales.

In fact, Chengdu IFS’ ever-ongoing transformation to embrace the digital revolution started in as early as 2018, with clear strategies to expand online footprint and integrate smart member service functions. The first such move was the mall’s own IFS WeShop digital retail platform – after China introduced harsher anti-COVID restrictions, the IFS WeShop was reinvented with a 24H X 365D retail model. Building on the already activated private domain traffic, the model leveraged the strong influence of KOCs to turn Chengdu IFS’ member base into spenders that brought the first round of post-COVID recovery, becoming the new dynamics to drive the physical business community’s fast business resumption and eventual explosive growth.

Eventually, the synergies of inter-complementary measures and attempts helped Chengdu IFS post robust growth against strong headwinds in the extraordinary year of 2020 – being one of the region’s or even the country’s top-tier shopping destinations, Chengdu IFS saw its member base increase by 30% last year, while its sale and visitor volumes both grew by double digits for seven years in a row, continuing to be the leader of shopping centers in southwestern China. Despite 2020’s great uncertainties, Chengdu IFS fully improved its operational efficiency and member engagement through pioneering digital approaches, while providing new references and inspirations for the digital transformation of the physical business community – locally, nationally and even internationally.

Singapore online brokerage Tiger Brokers sees strong retail investor growth in Q4 2020 with 108% increase in new user sign ups

Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers https://www.tigerbrokers.com.sg/) today announced that they saw 108 per cent growth in the number of new investors in Q4 2020 as compared to Q3 2020, with trading volume increased by 215 per cent also on a quarter on quarter basis. Since February 2020, Tiger Brokers also saw the increase in Gen Z investors on the platform, which made up 30 per cent of Singapore’s customer base.

Tiger Brokers also announced four new strategic partnerships with financial technology provider, Iress, one of the largest and most active online trading communities, TradingView, Global financial market data and infrastructure provider, Refinitiv, and Asia’s leading Financial Group, DBS. These partnerships are aimed at strengthening their online platform, by allowing investors to gain access to best-in-class and up-to-date financial information so that they will be well-informed before making their investing decisions in real time, as well as allowing investors instant fund transfer into the Tiger Trade platform respectively.

In addition, Tiger Brokers also announced the launch of their new product, Fund Mall, a one-stop-shop for investing in global mutual funds that allows investors access to more than 100 renowned funds such as money funds, bond funds and equity funds, based on their requirements – returns, cash liquidity and risk appetite – everything within one portal. This expands the type of investment products available to Tiger Trade users, beyond the six global exchanges that are already available on the platform and other product offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC).

Eng Thiam Choon, CEO of Tiger Brokers Singapore, shared, “The COVID-19 pandemic fundamentally changed the trading and investment landscape today. Investors of today are now fully comfortable with investing online – not just Gen Zs, but throughout the investor market. We at Tiger Brokers want to ensure that we offer a seamless investing experience to our investors while strengthening our offerings to keep them engaged. On the other hand, we are looking to be the go-to online brokerage for traditional investors to explore a hybrid investment portfolio.”

“2020 showed us the importance of going digital. As the adoption of technology in everyday life becomes a norm, we need to ensure that we offer sustainable and reliable technology that value-adds to the new lifestyle of investors, providing them with great user experiences,” added Thiam Choon.

“We are excited to expand our business in Asia by working with Tiger Brokers. Over the past few years we’ve seen significant growth in markets like Singapore and Hong Kong, so partnering with leading trading firms in the region like Tiger is the logical next step for us,” said Pierce Crosby, General Manager of TradingView. “While focused on Singapore today, we think Tiger is a great fit for our various communities in the Asia region as well, and we look forward to further expansion in 2021.”

Since last year, Tiger Brokers’ investors have shown positive interests in companies such as APPLE, TESLA, NIO, companies from the Technology and Electronic Vehicles (EV) sectors.

The fintech also uses both traditional and digital communications methods to ensure that investors can contact them easily via landline and social media, respectively. In December last year, Tiger Brokers announced that they aim to increase their platform users by 50 per cent by Q1 of 2021.

The Tiger Trade mobile application is available for download on Apple App store and Google Play store. Those interested in Fund Mall can retrieve more details from here. https://www.tigerbrokers.com.sg/market/fund-publicity?_casValidated=true

Apple App store: https://apps.apple.com/sg/app/id1023600494
Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on Australian, U.S., Hong Kong, Singapore and Australia stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX) and the Singapore Stock Exchange (SGX), Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1 million customers worldwide currently, with a total trading volume of more than US$62.8 billion in Q3 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

NaturalShrimp, Inc. Closes on the Asset Purchase of Alder Aqua, LLC f/k/a VeroBlue Farms

– The ten-million-dollar purchase represents assets in excess of forty million dollars
– The addition of these assets makes NaturalShrimp, Inc the largest square footage RAS shrimp company in the United States

Dallas, TX, Dec 18, 2020 – (ACN Newswire) – via NewMediaWire – NaturalShrimp, Inc. (NSI), (OTCQB:SHMP), an aquaculture Company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has formally closed the acquisition for the assets of Alder Aqua, formerly known as VeroBlue Farms in Webster City, Iowa, including but not limited to the real property, equipment, tanks, rolling stock, inventory, permits, customer lists, contracts and other such assets used in the operation of the business.

Gerald Easterling, CEO of NaturalShrimp, commented, “This acquisition represents a watershed moment for both the Company and its shareholders. The state-of-the-art facility, alongside our other expansion project in La Coste, Texas provides NSI the resources and capacity to become the largest RAS shrimp producer in the country. This turnkey operation affords us the benefit of not only creating a facility that will produce thousands of pounds of shrimp per week, but also the opportunity to work with existing Barramundi distributors for an incremental revenue stream that could be effective in a relatively short time.”

Tom Untermeyer, Chief Technology Officer of NaturalShrimp, commented, “Closing on this facility provides us the ability to integrate our already patented electrocoagulation system technology with a technologically advanced commercial seafood operation. With 2,700,000 gallons of recirculating capacity and approximately 344,000 square feet, we are very encouraged that we will have the capability to produce the most natural shrimp in the industry at a rate not seen by other leading seafood producers.”

William J. Delgado, CFO of NaturalShrimp, added, “We could not be more pleased that we have formally closed this acquisition. The value proposition for this facility could not be understated. Not only do we have the benefit of adding this significant asset to our company’s valuation, more importantly, we firmly believe that this production facility will generate substantial revenue for our company. As important to these physical assets, we will be adding skilled personnel in all areas including production, operations and distribution.”

About NaturalShrimp

NaturalShrimp, Inc. is a publicly traded aquaculture Company, headquartered in Dallas, with production facilities located near San Antonio, Texas. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.

Forward Looking Statements

This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-Q filed on November 21, 2019, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:
Richard Brown
+1 (775) 443-4740

SOURCE: Natural Shrimp

ZALL Smart Commerce and CIC Launch Digital Silk Road Initiative

Commodities Intelligence Centre (“CIC”) announces a momentous 2020 as it has jointly launched a “Digital Silk Road” initiative led by ZALL Smart Commerce Group (“ZALL”), Asia’s leading B2B e-commerce Group, and joined Singapore’s Blockchain for Trade & Connectivity (BTC) Network. As Singapore’s first global physical commodities B2B e-trade platform powered by blockchain, together with ZALL’s latest global digital trading platform, and China’s largest online and offline integrated wholesale trading platform “Zallgo”, CIC will help Singapore businesses uncover new opportunities and reap the benefits of the global digital trade economy through enhanced digital connectivity, in turn boosting trade across the Asia-Pacific region on the back of the world’s largest trade pact, the Regional Comprehensive Economic Partnership (RCEP).

Zallgo was officially launched during the “2020 Global Digital Trade Conference” that was held in Wuhan last month. A total of 300 merchants sign 252 agreements on-site through ZALL’s digital platform, amounting to a total of S$56.3 billion (US$42.2 billion) of cooperation agreements. The newly formed partnerships underscore the increasingly important strategic role of CIC in facilitating the expansion of regional trade and investment as it aims to develop more than 10 winning commodities that will be popular worldwide over the next three to five years.

Peter Yu, CEO of Commodities Intelligence Centre, shared, “We have withstood the test of the pandemic and have witnessed the impact of the industrial internet economy on global trade and investment. As digital trade becomes the new engine of global economic growth, digital connectivity becomes increasingly important for companies to expand their market footprint quickly in a safe and secure manner. The new partnerships forged with the Digital Silk Road initiative and BTC network strengthens CIC’s existing networks in the region that will enable SMEs to uncover new trading opportunities and optimize their supply chains in cross-border trade through our ecosystem in Asia.”

CIC is also one of the six commercial partners to be part of the recently formed Blockchain for Trade & Connectivity (BTC) Network, an initiative by the Singapore University of Social Sciences (SUSS) and Enterprise Singapore (ESG), supported by the National Research Foundation (NRF) to develop a risk assessment framework for small and medium-sized enterprises to assess how blockchain can support their business needs.

The BTC network was officially launched at the sidelines of the Singapore Week of Innovation and Technology (SWITCH) on 7 December 2020. The BTC network to drive innovation and test bedding of blockchain solutions with multimodal global supply chain companies, digital trading platforms and technologies. Other five commercial partners who will be helping to create, trial and lead the BTC Network’s implementation includes Ascent Solutions, Blockchain-based Service Network, GeTS, Trames and VeChain Technology.

“CIC is well-placed to provide the necessary tools and guidance in promoting greater efficiency and transparency across global supply chains to help SMEs embrace the power of digitalisation to explore opportunities, casting their net wider, reaching out to a larger pool of reliable partners and suppliers beyond their usual reach,” added Peter.

Since the start of the year, CIC’s platform has reported more than 20 per cent increase in customers joining their platform compared to the same period last year. The company also saw a surge in online transactions with over 4,000 customers searching for trading opportunities on the platform on a daily basis. CIC has since achieved a gross merchandise volume of US$13.2 billion (S$17.6 billion), with over 5,200 registered users covering markets, including Singapore, Malaysia, Indonesia, India and China, among other countries in Asia.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore. CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$12.7 billion (S$17.7 billion), with over 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media queries, please contact
PRecious Communications for CIC
cic@preciouscomms.com

Digital Innovation in Accounting and Finance

At the end of a year like no other, on 3-4 November 2020 over 2,000 accounting and finance professionals from across Asia came together virtually at the Accounting & Finance Show Asia to learn, network and discover new digital solutions for their business.

Over the two days 120 expert speakers shared their insights across 5 channels covering digital innovation, digital practice, accounting tech and cash & treasury. Attendees were able to engage live with the speakers and ask questions during the panel discussions and presentations through the event platform’s live discussion feature.

All sessions were screened live and made available on demand, making it easier than ever before for attendees to join all the relevant sessions at their convenience. In total we saw over 16,000 session attendees within just two days.

Our Sponsors showcased a range of innovative digital solutions designed to change the way that accountants and finance professionals work and run their business. Our Sponsors included Xero, Intuit QuickBooks, DocuSign, ApprovalMax, BGL, Fathom, SAP Business ByDesign, Western Union and many more besides. Each of our sponsors shared content, success stories and product demonstrations. Attendees could follow up for more information by visiting each Sponsor’s virtual booth, and each Sponsor could proactively reach out to relevant event attendees.

Our virtual event platform is powered by AI, matching attendees based on their profiles and activity. Attendees and Sponsors were able to connect, message and set up virtual meetings with one another all within the platform. Over 4,000 contacts were made, almost 20,000 discussions created and over 24,400 messages were exchanged on the platform in just two days.

At the Accounting & Finance Show Asia, we drive the adoption of digital tools and technologies in accounting and finance. We look forward to meeting you virtually at our next Accounting & Finance Show Asia event.

If you want to be part of our future events, contact Laura Binns at
laura.binns@terrapinn.com