On 21 November 2024, S&P Global Ratings released an updated report expressing strong recognition of Fosun International (HKEX: 00656)’s recent US dollar note issuance. S&P noted that the successful issuance is positive for the company’s credit matrix as it helps broaden the Group’s funding channels, thereby maintaining a “stable” outlook on Fosun International’s rating.
S&P released the report following Fosun International’s successful issuance of USD300 million 3.5-year US dollar-denominated senior unsecured notes on 13 November. S&P pointed out that re-opening the offshore US dollar bond market which has been closed for more than three years reflects a significant improvement in Fosun’s creditworthiness and recognition from broad-based investors. The US dollar note issuance is positive in helping Fosun International to diversify its financing options, extend its debt maturities, and strengthen its liquidity buffer. Alongside the new note issuance, Fosun announced to tender its 2025 maturity bond up to equivalent amount of the new issue. This is to ensure that the new issue will not increase Fosun’s total outstanding interest-bearing debt.
It is reported that the note issuance attracted strong interest from a large number of mainstream institutional investors globally, with the order book reportedly exceeding USD1.2 billion.
According to various market sources, the successful issuance of the USD300 million notes was attributed to the company’s consistent focus on core business development, divestment of non-strategy asset, optimization of debt structure, and stabilization of international credit ratings over the past two years, helping Fosun to become one of the few Chinese private enterprises to regain vote of confidence from global investors in recent years. Amidst a backdrop of US rate easing cycle, Fosun continues to provide high-quality, secure, and long-term asset allocation options for its long-term supportive investors, thereby maximizing value for them.
S&P mentioned in the report that although the size of the USD300 million note issuance is not large, combined with the Group’s USD888 million offshore syndicated loan raised earlier in the end of September, as well as Fosun’s solid track record of refinancing onshore bank loans over past years, S&P believes Fosun has adequate liquidity buffer to meet its debt maturities obligation over the next two years. S&P reaffirmed a “BB-” stable rating to the US dollar notes and expects Fosun to continue divesting its non-core assets, leading to a steady decline in the Group’s debt. Furthermore, as offshore subsidaries reach maturity, Fosun International’s dividend receipts are expected to enhance significantly.
On 30 September, Fosun International announced the closure of a sustainability-linked syndicated loan totaling USD888 million through greenshoe, one of the largest of its kind issued by Chinese private enterprises this year. The loan is a three-year senior unsecured working capital loan and the participating banks include several leading banks from Greater China, the Asia-Pacific region, and Europe and the Americas. This reflects the continued recognition of the Group’s credit quality by both domestic and international banks, and indicates that the company’s sound financing channels will provide a solid foundation for its steady development.
Recently, research reports from several securities firms have pointed out that Fosun International’s strategy of focusing on its core businesses has yielded significant results. Among them, Northeast Securities released a research report on 15 November, noting that Fosun International, driven by its twin driver of “innovation + globalization”, has a clear strategic positioning and robust performance across its four business segments. Furthermore, Fosun has steadily improved its cash flow through optimizing asset allocation. Northeast Securities is optimistic about Fosun’s future prospects and has assigned the company a “Buy” rating.
On November 21, Guotai Junan Securities (2611.HK; 601211.SH) and Haitong Securities (6837.HK; 600837.SH) announced significant progress in their merger, issuing a joint circular to further clarify the details of merger and reorganization. In addition, Guotai Junan plans to raise up to RMB 10 billion to support the development of key business areas following the merger.
This merger holds significant symbolic importance, not only is it the largest A+H dual-market merger in the history of China’s capital market and the largest integration case of listed brokerage firms in the A+H market, but it is also the first restructuring case of a leading brokerage firm under the latest version of Several Opinions of China‘s State Council on Further Promoting the Healthy Development of the Capital Market. Upon completion, the total assets and net assets of the merged entity will rank No.1 in China’s securities industry.
Strong Alliance to Lead the Industry
According to the joint circular, as of the end of the third quarter of 2024, the combined net assets of the two companies amounted to RMB 341.5 billion and the net capital amounted to RMB 177.4 billion, ranking No.1 in China’s securities industry. In the first three quarters of 2024, the combined net income from investment banking business amounted to RMB 3.1 billion, net interest income amounted to RMB 4.0 billion and the scale of funds raised amounted to RMB 145.8 billion, all ranking No.1 in China’s securities industry.
After the merger, the two companies will unleash win-win synergies in terms of capital utilization, service capability and operational management. The merged entity will establish a new corporate governance structure, management framework, development strategy, and corporate culture. In accordance with the requirements of corporate governance, and based on the overall business objectives and strategic planning, it will conduct a comprehensive integration of its business, assets, finances, personnel, and institutions, so as to promote effective integration of its business and enhance its overall profitability. At the same time, the post-merger company will also have stronger capital strength and a more balanced asset-liability structure, which will significantly enhance its risk tolerance, improve the efficiency of capital utilization, and the effect of capital utilization, thus providing a solid financial foundation for future business development and market response.
Integration and Reorganization to Achieve Synergies
Both Guotai Junan Securities and Haitong Securities are large comprehensive financial institutions, with leading positions in capital scale, profitability and comprehensive capabilities. While both companies has their own business focus, the merger will significantly enhance their comprehensive competitiveness, facilitate the integration of resources and strategies, and complement each other’s advantages to further strengthen their business capabilities.
Based on the aggregate figures in 2023, the two companies will rank first in the industry after the merger in terms of the number of retail customers, the number of monthly active app users for retail customers, the scale and number of IPO underwriters, the revenue from public fundraising positions, the scale of custodian outsourcing and other important business indicators, as well as the number of outlets in key regions such as the Yangtze River Delta, Beijing-Tianjin-Hebei, and the Pearl River Delta. Relying on a stronger and more stable customer base, more professional and comprehensive service capabilities, and more intensive and efficient operation management, the post-merger company will continue to enhance its retail, institutional and corporate customer service capabilities, and continue to increase customer stickiness and market share by capitalizing on its branding effect and economies of scale.
Raising RMB 10 Billion to Accelerate the Construction of International World-Class Investment Bank
This time, Guotai Junan will raise a matching fund of not more than RMB 10 billion, which will be used for the internationalization of the post-merger company’s business, trading and investment business, digital transformation and construction, and replenishment of working capital, so as to accelerate the development of the post-merger company into a first-class investment bank and enhance the ability to serve the real economy.
The post-merger company will comprehensively enhance its cross-border and global integrated capabilities in financial services, improving the linkage between its domestic and overseas businesses, resources and markets, so as to better participate in global competition and resource allocation on behalf of the Chinese financial industry in the global financial arena. This will help provide high quality global wealth management, investment management and cross-border financing services for global retail, corporate and institutional customers, striving to become a world-class investment bank that can meet various cross-border financing and global assets allocation demands from customers.
Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company” or “Doubleview”) is pleased to announce that it is closing its non-brokered Private Placement of flow-through funds for gross proceeds of $4,026,999.84, which is more than initially announced on November 06, 2024.
Doubleview will issue a total of 8,389,583 flow-through shares (the “FT Shares”) at a price of $0.48 per FT Share for gross proceeds of $4,026,999.84.
Proceeds are intended to be used for contributions and maintenance of the Company’s exploration work on its wholly owned BC projects, the polymetallic Hat Project and the Copper-Silver-Gold Red Spring Project, located in northwestern BC. This work includes drilling, geological advisory, analytical services as well as other exploration development work.
The Company will pay $100,000 in finder’s fees and will issue 256,935 finder’s shares at a price of $0.39.
Pursuant to applicable Canadian securities laws and in accordance with the Exchange policies, all securities issued under this Private Placement will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four months and one day from the date of issuance.
The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.
About Doubleview Gold Corp
A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.
Doubleview’s success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company’s strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.
About the Hat Polymetallic Deposit
The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region’s significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company’s July 25, 2024, news release, is summarized below:
Average Grade
Metal Content
Open Pit Model Hat
Resource Category
Tonnage
CuEq
Cu
Co
Au
Ag
CuEq
Cu
Co
Au
Ag
Mt
%
%
%
g/t
g/t
million lb
million lb
million lb
thousand oz
thousand oz
In Pit
Indicated
150
0.408
0.221
0.008
0.19
0.42
1,353
733
28
929
2,045
Inferred
477
0.344
0.185
0.009
0.15
0.49
3,619
1,945
91
2,328
7,575
Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.
For further details, please refer to the Company’s July 25, 2024 news release.
Qualified Person:
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Gold Corp Vancouver, BC Farshad Shirvani President & CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
The winners of the 2024 PropertyGuru Asia Property Awards (Singapore) were announced today during an exclusive ceremony at The Ritz-Carlton, Millenia Singapore.
The Winners and Highly Commended recipients of the 14th PropertyGuru Asia Property Awards (Singapore) 2024
The 14th Annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia and PropertyGuru.com.sg, recognised real estate excellence across 28 categories.
UOL Group Limited won the Best Developer award for the third time in the history of the Awards. The company was also distinguished as Best Hospitality Developer, Best Residential Developer, and Best Sustainable Developer.
UOL Group Limited receives Best Developer
Meyer Blue, a joint venture between UOL Group Limited and Singapore Land Group Limited, became one of the year’s most celebrated projects, winning Best Luxury Condo Development, Best Waterfront Condo Development, Best Luxury Condo Architectural Design, and Best Luxury Condo Landscape Design. UOL Group Limited and Pan Pacific Hotels Group also jointly won Best Hotel Interior Design for Pan Pacific Orchard.
FRX Capital Private Limited, awarded Best Boutique Developer and Best Landed Developer, won the prestigious Best Housing Development (Singapore) title for Mount Rosie Signature Collection, which was also named Best Landed Housing Development. The developer additionally won Best Boutique Condo Architectural Design for The Hillshore.
Kingsford Development Pte. Ltd. was recognised as Best Transnational Developer, with Kingsford Real Estate Development Pte Ltd scoring the Best Boutique Condo Development award for The Hill @ One North. The Best Mega Scale Condo Development award was presented to Chuan Park by Chuan Park Development Pte Ltd, a subsidiary of Kingsford Development Pte. Ltd.
TID Pte. Ltd. was named Best Lifestyle Developer while its project Lentoria won Best Private Condo Architectural Design. The Assembly Place won Best Co Living Operator, in addition to the Best Co Living Space award for Hafary House managed by The Assembly Place.
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited wins Best Nature Integrated Development
Lentor Mansion by GuocoLand and Hong Leong Holdings Limited won the prestigious Best Condo Development (Singapore) title, plus the Best Private Condo Development, Best Nature Integrated Development, and Best Private Condo Landscape Design awards.
Another highlight was Regalità by Da Vinci Land, winner of the Best Bespoke Landed Interior Design award.
Lim Yew Soon, Managing Director, EL Development Pte Ltd was recognised as the Real Estate Personality of the YearJerome Ng, Director for Business Development at Chiu Teng Group, receives the Rising Star award from PropertyGuru.com.sg, the Official Portal
Two of the most accomplished achievers in the Singapore real estate industry were honoured during the gala. Lim Yew Soon, managing director of EL Development Pte Ltd, received the Singapore Real Estate Personality of the Year award from the editorial team of Property Report by PropertyGuru, the official magazine. Jerome Ng, director for business development at Chiu Teng Group, received the Rising Star award from PropertyGuru.com.sg, the official portal.
Jeremy Williams, managing director for Marketplaces at PropertyGuru Group, said: “We’d like to congratulate the outstanding recipients of the PropertyGuru Asia Property Awards (Singapore). The achievements of this year’s award-winning developers transcend the needs of individual property seekers; they embrace and harness the power of communities. From condominiums to landed housing, and from co-living spaces to lifestyle and hospitality amenities, their winning projects mirror the desires of Singapore property seekers for high-calibre homes as well as places that provide complete living experiences. Through the combined leadership of transnational and local developers, the property sector builds the spaces necessary for Singapore’s transformation into tomorrow’s city—where people enjoy a high quality of life and thrive in harmony with the environment.”
Kristin Thorsteins, chairperson of the Awards in Singapore, said: “Congratulations to the distinguished winners of the 2024 PropertyGuru Asia Property Awards (Singapore)! These golden statuettes underscore the industry-wide trust and confidence they have built among consumers, by positioning their brands and developments to stand out in a market increasingly focused on sustainable and new ways of living. These awards attest to exemplary achievements that transcend borders, serving as both validation and a catalyst for continual advancement in Singapore’s real estate sector for years to come.”
The independent panel of judges consists of Kristin Thorsteins, co-founder and managing partner, Portman Investment Pte Ltd; Ar. Ivy Koh, dy. COO, SJ Architecture, Surbana Jurong Consultants Pte Ltd; Chua Shang Chai, partner, Dentons Rodyk & Davidson LLP; Dr Keow Yeong Ming, associate professor, National University of Singapore; Greg Shand, architect, Robert Greg Shand Architects; Henry Woon, director, Atelier Ten; Roy Ling, CEO, board director, and adjunct professor, FollowTrade; and Zhenru Goy, principal architect, Goy Architects.
The team of HLB Singapore Foo Kon Tan, led by Raymond Kong and Timothy Teh, supervised the selection process, upholding its credibility, fairness, and transparency. The official supervisor is part of the “2024 Network of the Year” winner HLB International, the global network of independent professional accounting firms and business advisers.
Organised by PropertyGuru Group (NYSE:PGRU), the 14th PropertyGuru Asia Property Awards (Singapore) are made possible by gold sponsor Mitsubishi Electric Asia; official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners D+A, Gazet International, SquareRooms, and Top 10 Singapore; supporting association Singapore Estate Agents Association; and official supervisor HLB.
COMPLETE LIST OF WINNERS14th PropertyGuru Asia Property Awards (Singapore)
DEVELOPER AWARDS
Best Developer WINNER: UOL Group Limited
Best Boutique Developer WINNER: FRX Capital Private Limited
Best Hospitality Developer WINNER: UOL Group Limited
Best Lifestyle Developer WINNER: TID Pte. Ltd.
Best Residential Developer WINNER: UOL Group Limited
Best Landed Developer WINNER: FRX Capital Private Limited
Best Sustainable Developer WINNER: UOL Group Limited
Best Transnational Developer WINNER: Kingsford Development Pte. Ltd.
Best Co Living Operator WINNER: The Assembly Place
DEVELOPMENT AWARDS
Best Mega Scale Condo Development WINNER: Chuan Park by Chuan Park Development Pte Ltd
Best Luxury Condo Development WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited HIGHLY COMMENDED: Arina East Residences by ZACD LV Development Pte Ltd
Best Private Condo Development WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited HIGHLY COMMENDED: Lentoria by TID Pte. Ltd.
Best Boutique Condo Development WINNER: The Hill @ One North by Kingsford Real Estate Development Pte Ltd HIGHLY COMMENDED: Ardor Residence by NS Property (Haig) Pte Ltd HIGHLY COMMENDED: The Hillshore by FRX Capital Private Limited
Best Nature Integrated Development WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited
Best Waterfront Condo Development WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited
Best Landed Housing Development WINNER: Mount Rosie Signature Collection by FRX Capital Private Limited
DESIGN AWARDS
Best Luxury Condo Architectural Design WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited HIGHLY COMMENDED: Arina East Residences by ZACD LV Development Pte Ltd
Best Private Condo Architectural Design WINNER: Lentoria by TID Pte. Ltd.
Best Boutique Condo Architectural Design WINNER: The Hillshore by FRX Capital Private Limited HIGHLY COMMENDED: Ardor Residence by NS Property (Haig) Pte Ltd
Best Hotel Interior Design WINNER: Pan Pacific Orchard by UOL Group Limited and Pan Pacific Hotels Group
Best Bespoke Landed Interior Design WINNER: Regalità by Da Vinci Land
Best Luxury Condo Landscape Design WINNER: Meyer Blue by UOL Group Limited and Singapore Land Group Limited HIGHLY COMMENDED: Arina East Residences by ZACD LV Development Pte Ltd
Best Private Condo Landscape Design WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited
Best Co Living Space WINNER: Hafary House managed by The Assembly Place
BEST OF SINGAPORE AWARDS
Best Condo Development (Singapore) WINNER: Lentor Mansion by GuocoLand and Hong Leong Holdings Limited
Best Housing Development (Singapore) WINNER: Mount Rosie Signature Collection by FRX Capital Private Limited
PORTAL’S CHOICE
Rising Star WINNER: Jerome Ng, Director for Business Development, Chiu Teng Group
PUBLISHER’S CHOICE
Singapore Real Estate Personality of the Year WINNER: Lim Yew Soon, Managing Director, EL Development Pte Ltd
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
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 2024, 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 2024.
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 28 million property seekers2 to connect with almost 46,000 agents3 monthly 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 16 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; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
(1) Based on SimilarWeb data between October 2023 and March 2024. (2) Based on Google Analytics data between October 2023 and March 2024. (3) Based on data between January 2024 and March 2024. (4) Based on data between October 2023 and March 2024.
PROPERTYGURU CONTACTS:
General Enquiries:Richard Allan Aquino, Head of Brand & Marketing ServicesM: +66 92 954 4154E: allan@propertyguru.com
Media & Partnerships: Piyachanok Raungpaka, Senior Media & Marketing Services Executive M: +66 94 887 5163 E: piyachanok@propertyguru.com
TOPVISION Eye Specialist Berhad (“TOPVISION” or the “Company”), an experienced player in medical eye care services in Malaysia, is pleased to announce the signing of its underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) for its upcoming public offering in conjunction with the transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Transfer of Listing”) (“Bursa Securities”). This Transfer of Listing representing a significant milestone in the Company’s growth journey.
Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION; Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB [L-R]
TOPVISION is an established eye care provider with a strong presence in Malaysia, specialising in comprehensive ophthalmic services including cataract surgeries, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. Listed on the LEAP Market of Bursa Securities in 2018, the Company operates a growing network of ambulatory care centres (“ACCs”) across Malaysia, with plans to expand to 14 ACCs by next year, including its maiden entry into East Malaysia. With a focus on providing advanced, patient-centric care, TOPVISION is committed to leveraging medical technology to enhance the quality of life for its patients.
The Transfer of Listing exercise, as outlined in the Company’s draft prospectus, will involve the public issue of 54.22 million new ordinary shares in TOPVISION (“Issue Shares”), representing 17.50% of the enlarged issued share capital, in conjunction with the transfer of its listing from the LEAP Market to the ACE Market of Bursa Securities.
The allocation of Issue Shares will be offered in the following manner: –
1. Institutional offering of approximately 33.93 million Issue Shares, representing 10.95% of the enlarged issued share capital, to be allocated to institutional and selected investors.
2. Retail offering of 20.29 million Issue Shares, representing 6.55% of the enlarged issued share capital:
a. 1.32 million Issue Shares for application by eligible directors (representing 0.42% of the enlarged issued share capital);
b. 2.16 million Issue Shares for application by eligible employees (representing 0.70% of the enlarged issued share capital);
c. 1.33 million Issue Shares for application by persons who have contributed to the success of the Group (representing 0.43% of the enlarged issued share capital);
d. 7.75 million Issue Shares for application by the Malaysian public via balloting equally allocated between Bumiputera (representing 2.5% of the enlarged issued share capital) and 7.75 million Issue Shares for non-Bumiputera (representing 2.5% of the enlarged issued share capital) investors.
HLIB, acting as the Principal Adviser, Sponsor, Sole Underwriter and Sole Bookrunner, will underwrite 20.29 million Issue Shares allocated for the retail offering.
Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION said, “This Transfer of Listing is a significant moment for TOPVISION as we transition from the LEAP Market to the ACE Market. The partnership with HLIB for our listing underscores our commitment to expanding access to high-quality eye care services throughout Malaysia. The funds raised from this public offering will allow us to further enhance our medical technology, expand our network of ACCs, and continue our contributions to the eye care sector. Having first been listed on the LEAP Market in 2018, TOPVISION is well-positioned for growth, and we believe this transfer listing will provide us with the resources needed to reach new heights, benefiting both our patients and stakeholders.”
Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB commented, “We are honoured to be part of TOPVISION’s journey to transfer from its LEAP Market listing in 2018 to now becoming a publicly listed entity on the ACE Market. We are excited with the prospects of TOPVISION being able to access a wider pool of investors via the ACE Market listing, which would help propel TOPVISION’s growth to the next level.”
The proceeds will be primarily used for the establishment of TOPVISION International Eye Specialist Centre and two new ACCs in Kuala Terengganu and Tawau. Additionally, the proceeds will be utilised to purchase new medical equipment and cover the estimated expenses for the transfer of the Company’s listing from the LEAP Market to the ACE Market of Bursa Securities.
TOPVISION obtained Bursa Securities’ approval for the transfer of listing from LEAP Market to ACE Market of Bursa Malaysia on 17 September 2024.
About TOPVISION Eye Specialist Berhad (“TOPVISION”)
TOPVISION Eye Specialist Berhad is a prominent provider of medical eye care services in Malaysia, specialising in comprehensive eye care treatments including cataract surgery, treatment and management of glaucoma, and treatment and management of vitreous and retinal diseases. Founded with a commitment to delivering advanced and patient-centric medical services, TOPVISION operates a growing network of ambulatory care centres (ACCs) across Malaysia. The Company leverages medical technology and a team of experienced ophthalmologists to provide high-quality treatments. As an experienced player in the field, TOPVISION continues to expand its services, focusing on both innovation and accessibility to enhance the eye health of patients throughout the region.
Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce that it received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil. With this positive decision, Atlas Lithium has all the needed authorizations to assemble and run its processing plant and develop open-pit mining operations at one of its lithium deposits. This marks a crucial milestone in the Company’s goal of becoming a lithium producer.
On October 25, 2024, a voting board comprised of twelve representatives from the local civil society and government unanimously approved Atlas Lithium’s license application for its Neves Project, resulting in the formal issuance of the permit. On October 26, 2024, the permit was formally published in the official gazette of the Minas Gerais government. This outcome follows the technical recommendation for approval issued by the Environmental Foundation of Minas Gerais in September 2024.
The permit authorizes Atlas Lithium to assemble and operate its lithium processing plant, to process mined ore from one of its deposits at the facility, and to sell the lithium concentrate that it produces. This key development comes after an extensive technical review process by regulatory agencies that began with the Company’s initial permit application on September 1, 2023. The triphasic permit obtained by Atlas Lithium is the most expeditious licensing modality available as it encompasses the initial, the installation, and the operating licenses all within this same issued authorization (known as “LI/LP/LO” in the local regulatory terminology).
Marc Fogassa, CEO of Atlas Lithium, commented, “We are thrilled with today’s announcement, as permitting is widely considered the most critical risk in any mining project. Atlas Lithium’s permit reflects fourteen months of our team’s meticulous work throughout the licensing process and showcases our unwavering commitment to developing an environmentally responsible and sustainable operation in Brazil’s Lithium Valley – a mineral district which is rapidly establishing itself as a premier location in the global lithium supply chain. This milestone marks a key step for us towards becoming a lithium producer and advances Atlas Lithium into the next phase of our growth trajectory.”
“We are committed to being a responsible corporate citizen for all our stakeholders. With the news provided today, and as the Neves Project proceeds towards implantation and operation, Atlas Lithium will create hundreds of local jobs in the Vale do Jequitinhonha area of Minas Gerais. Additionally, our lithium processing plant is engineered to possibly achieve the smallest environmental footprint in its class,” said Rodrigo Menck, a member of the Board of Directors of the Company.
About Atlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, graphite, and copper. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.
Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 27, 2024. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.
AlphaInvest Holdings, a leading regional financial media technology provider, today announced the launch of its redesigned market data platform, ShareInvestor.com, to deliver a more intuitive, interactive and insightful user experience for investors.
The new ShareInvestor.com delivers an enhanced look and feel for seamless navigation
The new ShareInvestor.com represents a leap forward for the Group’s market data business amidst evolving user trends, its key features include:
Enhanced look and feel for seamless navigation
Improved watchlist functionality for easy tracking
Comprehensive portfolio feature with analytics
Advanced data visualisations for easy analysis
Optimised viewing across all devices
Mr Lim Dau Hee, Chief Operating Officer of AlphaInvest, said, “These enhancements are the culmination of many months of development and beta testing, backed by decades of experience in market data tools. The way people are consuming data has changed, with content more readily understood through visualisation instead of just words.”
“Our in-house technology capabilities enable us to deliver unique value-added features such as our volume distribution charts, fundamental data and quote movements, setting us apart from other service providers to empower investors with deeper insights.”
The launch of the new ShareInvestor.com platform coincides with AlphaInvest’s 25th Anniversary and marks a new chapter in its ongoing mission to empower investors by providing them with trusted products and services for informed investment decision-making.
Mr Christopher Lee, Chief Executive Officer of AlphaInvest, said, “The revamp of ShareInvestor.com reflects our continued commitment to provide all our subscribers with the best possible experience and sets a strong foundation for us to introduce new enhancements in the future, including A.I. assisted functionalities.”
“The new ShareInvestor.com is one of many milestones in our growth roadmap as we continue to develop and launch new innovative products to empower investors and expand our reach into ASEAN and Greater China.”
Since its founding in 1999, AlphaInvest has expanded beyond its market data business to establish itself as a leader in investor relations and investor education across the region. The Group operates the largest investor relations network in the region, with a portfolio of more than 700 public listed companies and a reach of over 300,000 people across its platforms.
For media enquiries, please contact: Waterbrooks Consultants Wayne Koo, Managing Director Email: wayne.koo@waterbrooks.com.sg Phone: +65 9338 8166
About AlphaInvest
>120Employees across SG, MY, TH ID
>700Public-Listed Companies
>300,000Audience Reach across platforms
AlphaInvest Holdings is a leading regional financial services, media and technology company. Founded in 1999 to empower investors, AlphaInvest provides trusted products and services for informed investment decision-making. Its core areas of business span investor relations, market data tools and investor education.
AlphaInvest operates the largest investor relations network in the region, providing online IR services to more than 700 public-listed companies across Singapore, Malaysia, Thailand and Indonesia. Its market leading investor platforms, including digital publications Investor-One, Inve$t and social platform InvestingNote, reach over 300,000 people.
foundit (formerly Monster APAC & ME), one of Asia’s leading jobs and talent platforms, today published the foundit Insights Tracker (fit) Singapore for September 2024. The Singapore fit report highlights growth in the Education sector and a surge in demand for Marketing & Communications professionals.
The tracker reveals an overall year-on-year (YoY) decline of 5% in hiring activity across sectors, as the index dropped from 116 in September 2023 to 110 in September 2024. However, a month-on-month (MoM) analysis indicates a notable 7% surge, with an index of 103 recorded in August 2024.
Commenting on Singapore’s job trends for September 2024, Sekhar Garisa, CEO, foundit, said, “The September 2024 foundit Insights Tracker reveals significant shifts in Singapore’s job market. Despite a yearly decline, the recent month-on-month growth is a promising sign of recovery. As businesses adapt to changing market conditions, hiring priorities are evolving. Marketing roles are becoming increasingly important as companies focus on data-driven strategies and personalised customer experiences to boost brand engagement and drive growth.”
Education sector leads industry growth, while Retail/Trade and Logistics and Import/Export sectors show improvements
The Education sector has emerged as the frontrunner in e-recruitment activity among all monitored industries, showing a 4% MoM growth in September 2024. This growth is fueled by investments from both the government and private sector.
Following the Education sector, the Retail/Trade and Logistics sector and the Import/Export sector both showed positive trends with a 3% MoM growth each in September 2024.
Several sectors face challenges with declining or stagnant hiring trends
While some sectors showed growth, others faced challenges in the job market. The BFSI sector experienced a sequential decline in demand, registering a 2% MoM drop and ranking lowest in hiring activity.
The Advertising, Market Research, Public Relations, Media, and Entertainment sector saw a marginal decrease of 1% MoM, following a period of higher recruitment activity last month.
Several sectors remained stagnant in their hiring activities. The Shipping/Marine, Consumer Goods/FMCG, Engineering, Construction, Real Estate, and Oil and Gas sectors showed no change (0% MoM growth) in their hiring patterns.
Marketing & Communications leads growth in functional roles
In terms of functional roles, Marketing & Communications professionals witnessed the highest demand in September 2024, with a remarkable 44% YoY growth and a 30% MoM increase. This trend is attributed to the changing marketing dynamics and a strong focus on omnichannel strategies, significantly boosting demand for roles in content management.
Purchase/Logistics/Supply Chain roles also showed strong growth, recording a 29% MoM increase. Finance & Accounts roles saw an 11% MoM increase, while Legal roles continued their positive trend with a 9% MoM growth.
However, Sales & Business Development roles saw a significant decline of 13% on a month-on-month basis. This shift is observed in most sectors as businesses are increasingly investing in digital marketing, reducing the need for traditional sales roles.
Software, Hardware, and Telecom roles, along with Healthcare roles, have also seen significant decreases in hiring demand, both on a monthly and annual basis, positioning these functions at the bottom of the hiring index.
The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.
About foundit – APAC & Middle East
foundit, formerly Monster (APAC & ME) is Asia’s leading jobs & talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 120 million job seekers across 18 countries in connecting them with the right job opportunities and upskilling. foundit is now also the Official Talent Partner of the Badminton World Federation across 20 key world tour events.
Over the last two decades, the company has been a leader in the world of recruitment solutions and has launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture.
The 15th Turkish-Arab Economic Forum (TAFF 2024), aimed at deepening relations between Turkiye and the Gulf countries and defining joint strategies for the region, took place yesterday in Istanbul.
The Forum saw the attendance of many key figures from the Gulf countries, including Kuwait’s Minister of Finance Noora Suleiman Salem Al-Fassam, Iraq’s Minister of Finance Taif Sami Mohammed, Egypt’s Deputy Minister of Finance Ahmed Kouchouk, Tunisia’s Minister of Economy and Planning Samir Abdelhafidh, Libya’s Minister of Finance Dr Kalid Al-Mabrouk, President of the Turkish Investment Fund Baghdad Amreyev, Secretary General of the Egyptian Federation of Arab Chambers Dr Khaled Hanafy, Regional Director of the Saudi International Finance Corporation Fawaz Bilbeisi, Director of the World Bank GCC Cooperation Safaa El Tayeb El-Kogali, Partner at the UK’s DWF Solomon Ebere, Board Member of the Qatar Chamber Mohamed Bin Ahmed Al Obaidly, and Vice President of International Business Development of the United Arab Emirates Khalid Al Marzooqi.
Turkiye’s Minister of Treasury and Finance Mehmet Simsek evaluated global and regional strategies.
In his speech at the 15th Turkish-Arab Economic Forum, Minister of Treasury and Finance Mehmet Simsek highlighted the decline in inflation and the slowdown in monetary policies. He emphasized that global trade will continue in November, pointing out that while there are challenges, there are also opportunities in this process. Mehmet Simsek further noted that he expects an increase in cooperation across various sectors, emphasizing that partnerships in energy, manufacturing, technology, and machinery are crucial for realizing the region’s potential and he expressed his support for diversification strategies.
Dr. Erkan Kork stated that Turkiye and the Gulf countries could build a shared future.
Speaking at the 15th Turkish-Arab Economic Forum, Dr. Erkan Kork, Chairman of the Board of BankPozitif, highlighted that the participating countries share the same geography, history, and values, and emphasized that joint steps would be stronger and more effective. He noted that building a shared future with the available know-how, technology, and investments is vital for unlocking the region’s potential.
BankPozitif Chairman Dr Erkan Kork at the 15th Turkish Arab Economic Forum
Expressing pride in Turkiye’s positioning as a fintech hub, Dr Erkan Kork predicted that Turkiye would play a leading role on the global stage in various fields in the near future. He also stressed the importance of forums, fairs and events like this for fostering relationships between the business world and governments of different countries.
In his speech, Dr Erkan Kork pointed out that Turkiye is in a very strong position in terms of innovation and information technology, noting that while processing times in many sectors in Europe are long, they are much shorter in Turkiye. Dr. Erkan Kork also highlighted Turkiye’s high level of competitiveness in recent years.
At the forum, which had a high participation rate, Fatih Karahan, Governor of the Central Bank of the Republic of Turkiye, Burak Dagloglu, Member of the Board of Directors of the Turkiye Wealth Fund, and Rfat Hisarckloglu, President of the Union of Chambers and Commodity Exchanges of Turkiye, were also among the speakers.
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– ACROMETA seeks to unlock value from its disposal of Life Science Incubator Holdings Pte. Ltd. following a strategic review. – ACROMETA’s wholly-owned subsidiary has entered into a non-binding MOU with a Malaysian sand concessionaire to facilitate further collaboration in mineral sand trading.
ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), today announced that the Company has entered into a sale and purchase agreement (the “SPA”) for the disposal of all of the shares held by the Company (the “Sale Shares”) in Life Science Incubator Holdings Pte. Ltd. (“LSI”), representing 70% of the issued and paid-up share capital of LSI, for an aggregate consideration of S$2.7 million (the “Proposed Disposal”).
Mr Lawrence Toh, ACROMETA’s Executive Director, said, “The Proposed Disposal follows a strategic review of the Company’s long-term strategy and will enable ACROMETA to unlock value for future growth. We have determined that the Group’s resources and management efforts would be better directed towards other potential business opportunities in mineral sands trading.”
The Proposed Disposal will be made conditional upon approval by the shareholders of the Company at an Extraordinary General Meeting (“EGM”) to be convened in due course. Upon the completion of the Proposed Disposal, LSI will cease to be a subsidiary of the Group.
Mineral Sands Trading
AcroMeta Minerals Pte. Ltd. (“AcroMeta Minerals”), a wholly-owned subsidiary of the Company, has entered into a non-binding Memorandum of Understanding (“MOU”) with Constance Holding Sdn. Bhd. (“Constance Holding”) to facilitate further collaboration in mineral sands trading.
Constance Holding, a Malaysia-based holding company, operates primarily in the upstream sand industry. It holds exclusive rights to market, sell, and trade sand products from the concession and management rights of the sand concession. Constance Holding is currently involved in supplying sand for major land reclamation projects across major infrastructure developments in Malaysia.
This latest development represents another significant milestone in the Group’s ongoing pursuit of regional opportunities, following an earlier non-binding, non-exclusive MOU with PT Swadaya Buana Makmur for the supply of high-grade silica sand from West Kalimantan, Indonesia. The Group is actively engaged in negotiations with potential international buyers, with formal offtake agreements anticipated in the near future.
ACROMETA remains optimistic about the long-term prospects of AcroMeta Minerals, which are supported by strong demand and strategic local partnerships. With an enhanced cash position following the completion of the Proposed Disposal, the Group is well-positioned to continue exploring suitable new business opportunities that will create value for its shareholders.
This press release should be read in conjunction with the SGXNET announcement issued on the same date.
About ACROMETA Group Limited (SGX Stock Code:43F)
ACROMETA (Previously known as ACROMEC Limited) has been listed on the Catalist Board of the Singapore Exchange since 2016.
ACROMETA’s business is divided into three main business segments: (i) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure, (ii) Co-working laboratory business, which currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore and a 21,538 square feet coworking laboratory centre at Elementum, One-North, serving SMEs and startups, and (iii) Trading of minerals and sand. For more information, please visit www.acrometa.com .
Media and Analysts Contact:
ACROMETA Group Limited Ms. Cheah Lai Min Chief Financial Officer Tel: +65 6717 0111 Email: laimin.cheah@acrometa.com
This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor)”. It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”), and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release.
The contact person for the Sponsor is Mr Jerry Chua (Tel: (65) 6241 6626), at 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906.
![Datuk Kenny Liew Hock Nean, Executive Vice Chairman of TOPVISION; Ms. Lee Jim Leng, Group Managing Director/ Chief Executive Officer of HLIB [L-R]](https://photos.acnnewswire.com/20241029.TOPVISION1.jpg)
