Featured Archives - Page 26 of 28

Agility PR Solutions Brings Top-Rated User Experience to Reimagined Media Monitoring Software

Agility PR Solutions, a subsidiary of Innodata Inc. (NASDAQ:INOD), announced today the launch of their reimagined media monitoring software that incorporates an intuitive, easy-to-use interface, simplified but powerful search functionalities, and sleek, real-time executive reporting abilities.

“We understand how hard it can be to stay on top of brand and competitor mentions, especially if your monitoring solution fills your inbox with irrelevant results,” says Martin Lyster, CEO of Agility PR Solutions. “That’s why we’ve put an intuitive user experience at the core of Agility Monitoring, putting powerful search and reporting capabilities in the hands of our clients so they can efficiently find the coverage that matters and easily pull together insightful briefings and custom reports to share their results.”

While media monitoring has long been a staple of Agility PR Solutions’ tools and services, major upgrades have been made to their monitoring module to deliver the same intuitive user experience that earned their media database top honours this year on G2 Crowd, one of the world’s leading business solutions review websites.

Notable features of Agility Monitoring now include:

– Intuitive Workflow: Behind the scenes workflow improvements puts all the essentials for an effective media monitoring search front-and-centre. With intuitive navigation and a streamlined process, you can focus on your monitoring results and waste no time getting set up.

– Powerful Search: The power of a trained media analyst right at your fingertips. The upgraded search feature allows users to conduct an advanced-level search without in-depth knowledge of Boolean logic and uses artificial intelligence technology to provide suggestions for search phrases or keywords to produce highly relevant search results.

– Sleek and Simple Sharing: Easily share your monitoring results using curated or automatic briefings, or dive deeper with executive reports that can be put together in a snap from a library of beautiful charts, using real-time data. Quickly download individual charts for use in presentations or create an in-depth campaign or quarterly report to share with stakeholders.

To learn more about Agility Monitoring, visit https://www.agilitypr.com/our-solutions/media-monitoring/.

About Agility PR Solutions

Agility PR Solutions, a subsidiary of INNODATA INC. (NASDAQ:INOD), provides powerful yet intuitive media outreach, monitoring, and measurement solutions for tomorrow’s communicators. Since 2003, clients have trusted our tools and services to help them discover and connect with media influencers, amplify messages, monitor coverage, and measure the impact of their public relations efforts. Whether we do it for you or help you do it yourself, our patented monitoring technology and team of media analysts can help you glean the insights that will help your organization flourish. Learn more at www.agilitypr.com.

Media Contact:
Emily Walsh, Content Marketing Strategist
Agility PR Solutions
+1-866-545-3745 x1183
emily.walsh@agilitypr.com

Victory Offices Launches its First Flexible Workspace in Hong Kong

Victory Offices Limited (“Victory Offices”) (ASX: VOL) is a flexible workspace provider listed on the Australian Stock Exchange that offers premium serviced offices, co-working and lounge spaces, virtual offices and meeting spaces. The Group has announced that it has launched its first flexible workspace outside of Australia, at a premium location on Level 76 of The Center in Central, Hong Kong.

Victory Offices executives officiate the opening ceremony of its Hong Kong operation.(second from the left to second from the right): Mr Kenny Lam, Regional Manager – South East Asia; Mr Dan Baxter, Founder, Executive Director and Chief Executive Officer; Mrs Manisha Angirish, Chief Operating Officer; Ms Misha Baxter, General Manager – Global

Victory Offices sees enormous growth opportunities in Hong Kong and Greater China in view of the growing demand for premium-grade, flexible and luxurious presented workspace in high-density business and professional areas, the Group has decided to extend its footprint to these regions by opening its first flexible workspace in Hong Kong. The 23,628 sq.ft. premises in Hong Kong includes a large reception area, bar atrium, offices with full panoramic harbour views along with coworking desks, phone booths, zen room and multitude of breakout spaces.

Founded in 2013, the Group has long-term leases predominantly across high-quality buildings in Melbourne, Sydney, Brisbane and Perth. With over 10,000 customers from various industries such as finance, legal, recruitment, technology and consulting, Victory Offices had an occupancy rate of 89% as of 30 June 2019. Working spaces created by Victory Offices are designed to provide an exclusive environment for members and guests to maintain a healthy work-life balance. The Group prides itself on its award winning six-star services and standards, as well as its focus on increasing customer value and providing every opportunity for tenants and their business to succeed.

Mr. Dan Baxter, CEO of Victory Offices, said “Victory Offices locations are at the highest quality and exclusive environments highly appealing to customers, coupled with our six star services, and tailored business solutions to suit their exact requirements. Thus we are confident that we can attract new business for future growth in Hong Kong and Greater China. In future, we hope to extend our footprint to other premium locations in Asia.”

About Victory Offices

Founded in 2013, Victory Offices Limited is an award-winning flexible workspace provider listed on the Australian Stock Exchange. It offers premium serviced offices, co-working and lounge spaces, virtual offices and meeting spaces, and has office locations in Melbourne, Sydney, Brisbane and Perth. In 2019, the Group launched its first serviced office outside of Australia, in Hong Kong. For details, please visit: https://victoryoffices.com.hk/

CloserStill Media’s Newly Launched Event, Technology for Marketing Asia, Set to Take APAC Marketing Industry by Storm

CloserStill Media has announced the arrival of the industry-leading Technology for Marketing brand into Asia, with the debut event launching at Singapore’s Marina Bay Sands on October 9 – 10, 2019.

Delegates from all corners of APAC will gather for a transaction-packed exhibition and world-class conference programme led by speakers from leading organisations such as 9GAG, Razer, Shopee, Shopify, Socialbakers, ZALORA Group and more. The core aim is to help modern marketers unlock the latest opportunities and innovations, and to elevate their marketing game.

Indiana Forrest-Bisley, Technology for Marketing Asia’s Launch Director said: “We couldn’t be more pleased to launch this show in Asia. Thanks to the growth of digital communications, marketers are now equipped with a plethora of options to convey their message across multiple platforms.

“There is a need for one event that can service the entire marketing ecosystem, including Social Media Marketing, Content Marketing, Marketing Automation, Personalization, and Customer Experience. Technology for Marketing Asia will help forward-thinking marketers navigate through the maze of marketing technologies on offer and simplify the marketing strategy for businesses of all sizes.”

Building upon CloserStill Media’s multi award-winning event portfolio, the FREE to attend conference will attract over 1,000 international delegates, including senior marketing professionals from enterprises of all sizes across the APAC market.

Co-located with award-winning industry-leading events, eCommerce Expo Asia, Cloud Expo Asia, Cloud & Cyber Security Expo, Big Data World, Smart IoT Singapore and Data Centre World, the addition of Technology for Marketing to CloserStill Media’s technology event series will see over 18,000 senior decision makers descend on the Marina Bay Sands this October.

For more information on Technology for Marketing Asia and its co-located events, visit
www.technologyformarketingasia.com

About CloserStill Media

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

For more information, visit www.closerstillmedia.com.

For media enquiries and to register for a press pass, kindly contact Nic-cole Chia at n.chia@closerstillmedia.com.

TransCanna Announces Corporate Update

TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) (“TransCanna” or the “Company”) is pleased to announce the appointment of Mr. Steve Gilblin as President & CEO. Mr. Giblin will also continue as an Executive Director. Mr. Arni Johannson will remain as Chairman of the Board. The company would like to thank former CEO Mr. Jim Pakulis for his efforts launching TransCanna and establishing multiple strategic relationships.

Mr. Giblin has led the rapid growth of multiple companies in Europe, Canada and the United States. With his former company Silverbirch Hotels and Resorts the assets and revenues doubled during his tenure as CEO and he led the successful completion of a billion-dollar sales process. He has worked closely with other industry leading brands with C-suite relationships that include Marriott, Hilton, Bentall Kennedy, Great West Life.

“Significant effort has been made in the past few months to ensure TransCanna has the right strategies and fiscal plan to give the company a solid platform for growth. We have seen a complete team effort with incredible synergies coming together, full thanks to every team member from Santa Cruz, Modesto and our Canadian Public entity,” commented Steve Giblin, President & CEO.

Soldaze Acquisition Update

When the transaction closes in mid-September SolDaze will be launching several new SKU’s that will include Spicy Mango, Sour Apple Mango and several other CBD Options. “SolDaze is excited to start our marketing campaign with customer appreciation/education events happening daily throughout California. New flavors will include dragon fruit, blueberries and an on slot of super nutrient vegan/gluten free ingredients. We look forward to continuing to pioneer bringing healthy edibles to the market,” Stated Shawn Shevlin Soldaze co-Founder. Since signing the definitive agreement (announced on August 14, 2019) the SolDaze team has successfully produced 2,500 bags of Soldaze products in its first two weeks under the TransCanna banner.

Lyfted Farms Acquisition Update

The Company continues to work on the closing of Lyfted Farms Inc. (announced May 20th, 2019). Developments are proceeding exceedingly well, shareholders can anticipate news in the coming days as soon as a material agreement has been reached. Lyfted Farms and their management team have begun working through the onboarding process to develop synergies within TransCanna.

Manufacturing and Distribution

The company has completed an analysis and timeline for the build out of its Daly facility in Modesto. “We are working with the best contractor in the industry to develop our build out plan. We will be prepared to complete the build out as we receive approval on the licenses that have been submitted. The completed facility will give the company the capacity to increase our production to meet market demands for all of our brands,” stated Alan Applonie, General Manager of the Daly facility.

The company is also evaluating alternative southern California distribution locations. “The Adelanto facility has some advantages, but we feel at this time a location closer to the Los Angeles market would serve the company better,” said Steve Giblin President and CEO.

IT Infrastructure

After an analysis of several new cannabis focused software solutions available in the market, TransCanna has opted to pause development of its 420 Global software in favour of a lower cost “off the shelf” solution that would be immediately available for use. “Being that the company’s growth and operations are progressing ahead of schedule this new approach to our technology will allow us to continue to scale in an cost effective, systematic and compliant manner,” stated Steve Giblin President and CEO.

GoodFellas Group Update

The company had previously announced on July 8, 2019 that it had signed a definitive acquisition agreement with the Goodfellas group. Though the two companies continue to work together to bring a number of Goodfellas brands (Simple Farms and Daily) to market the acquisition agreement is still under negotiation and is not signed at this time. We anticipate a definitive agreement to be signed by the end of September.

Strategic Plan

“With the development of our key asset, the Daly facility in Modesto, and the pending acquisitions of multiple companies and brands the TransCanna team is executing on its strategy and poised for rapid growth. We are in negotiations with additional potential acquisitions that will further enhance our suite of products and add to the depth of the management team. The board looks forward to working closely with our new CEO and management to execute on our strategy,” Arni Johannson Board Chair.

Top 4 KEY Take away for shareholders

1. Management is unified and focused
2. Company is focused on building the business in and then out of Modesto
3. Management is executing on its diversification with Multi-Brand Approach
4. Strong vertical integration from upper supply chain through to the end consumer

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian based company providing branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to: timing of the completion of the SPA and the satisfaction of closing conditions, and the expected benefits of SolDaze to the Company’s business. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47449

World’s Largest Watch and Clock Trade Fair Opens

Organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades and Industries Ltd, the 38th HKTDC Hong Kong Watch & Clock Fair opened at the Hong Kong Convention and Exhibition Centre (HKCEC) today and runs until Saturday, 7 September. The fair showcases complete watches, machinery and equipment, and parts and components, providing a one-stop sourcing platform for global buyers. The concurrent seventh Salon de TE features exquisite watches and designer collections and will be open, free of charge, to public visitors aged 12 or above on the last day (7 September).

The five-day Watch & Clock Fair runs from 3 to 7 September and is the world’s largest timepiece event, attracting about 830 exhibitors from 22 countries and regions.

The World Brand Piazza zone, sponsored by Prince Jewellery & Watch for the 10th consecutive year, presents 13 renowned international brands. The centrepieces are the spectacular watches from Jacob & Co. (L) and Piaget (R).

The five-day Watch & Clock Fair features about 830 exhibitors from 22 countries and regions, with an exhibitor from Qatar and a brand from Indonesia making their first appearance. An opening ceremony was held this morning, with Andrew Leung, President of the Legislative Council of Hong Kong, as the guest of honour. The concurrent Salon de TE spotlights about 140 internationally acclaimed brands and designer collections at five thematic zones – World Brand Piazza, Chic & Trendy, Craft Treasure, Renaissance Moment and Wearable Tech.

World Brand Piazza showcases high-end watches

One of the highlights of the Watch & Clock Fair is World Brand Piazza, sponsored by Prince Jewellery & Watch for the 10th consecutive year. This zone features 13 renowned international brands, including Blancpain, Breguet, Chopard, CORUM, FRANCK MULLER, Glashutte Original, Jacob & Co., Jaquet Droz, Juvenia, PARMIGIANI FLEURIER, Piaget, SARCAR Geneve and ZENITH.

Classic European brands are spotlighted

The fair features many unique and eye-catching watches that showcase industry trends, including classic European brands entering Asian markets by launching new items and revamping classic designs. This year’s Renaissance Moment zone hosts a range of classic European watch brands, including 12 Swiss brands featured at the Swiss Independent Watchmaking Pavilion. These are Adriatica, Andre Mouche, Atlantic, Greco Geneve, MANAGER, Mathey-Tissot, Meccanica Grezza, Pilo & Co, SILVANA, Soprod – Swiss Movement, WATCHe and ZANEZUN.

The show also welcomes two new pavilions representing Europe’s independent watchmaking sector. One of them, organised by French watch, jewellery and tableware manufacturer association Franceclat, highlights French brands Michel Herbelin and DWYT Watch. The other, set up by the Academie Horlogere des Createurs Independants (AHCI), presents elegant watches by seven brands from France, Mainland China, Switzerland, and the United Kingdom including D. CANDAUX, LYH, JOHN-M FLAUX, Matthias Naeschke, ROBERT BRAY-SINCLAIR HARDING, TANZEHUA and Vincent Calabrese.

Crossover and limited-edition timepieces continue the momentum

The global industry has strived to launch cross-sector collaborations to develop more crossover timepieces. Dutch brand Van Gogh (booth: 3D-B14) collaborated with the Van Gogh Museum to launch a series of watches inspired by displays of the post-impressionist’s paintings back in 2013. This year the brand launches a new collection including both limited-edition mechanical watches and beginner-level varieties, allowing Van Gogh enthusiasts to carry his paintings in real life. Swiss brand DAUMIER (booth: 3D-B22) presents a limited collection inspired by Justice League heroine Wonder Woman, with only 333 pieces available worldwide. The watch features sapphire crystal glass with three layers of anti-reflective coating, a leather strap and push-button hidden clasp.

Quality watches at Pageant of Eternity

The fair’s Pageant of Eternity zone gathers about 160 exhibitors showcasing quality watches from original equipment manufacturers (OEM) and original design manufacturing (ODM) companies. Hong Kong supplier Time Industrial Manufactory’s (booth: 1B-D02) TIMEIN/8163L (Floral Lace) model features a stainless-steel case and leather straps. Inspired by 3D multilayer paper-cut flowers and lace, the watch has a see-through design and a delicate look paired with a flower-shaped surface, presenting the gentleness and brilliance of femininity. Another Hong Kong exhibitor, Winmix Hong Kong Limited (booth: 3G-B30), launches a series of Swingy pocket watches – collectible fashion items whose mechanical timepieces have transparent covers. To match buyers’ sourcing needs, the fair continues to stage the hktdc.com Small Order zone, located at Hall 1D-E Concourse, which features over 100 watch and clock showcases, targeting buyers looking to place orders for five to 1,000 pieces.

Eighty buying missions come for sourcing

To help exhibitors handle market challenges, the HKTDC has brought to the fair 80 buying missions, comprising nearly 4,400 buyers from 58 countries and regions, including renowned watch and clock brands, retailers and wholesalers such as Stock Watches (Australia), Chilli Beans (Brazil), Wenger’s Ltd (Canada), Paul Valentine (Germany), Titan Group (India), Tous Watch (Spain), Swatch SA (Switzerland), Armitron (United States), and Gebr. Heinemann SE & Co (Germany). Newly launched Buyer Concierge Desks are set up in Hall 1C Concourse Customer Centre, Hall 3B Concourse and Hall 3FG Entrance to provide onsite assistance as well as the Business Matching Service.

Experts examine disruptive technological revolution; Public Day on 7 September

The fair features about 30 events – including forums, seminars, networking events and watch parades – to facilitate the exchange of market information among industry players. The Hong Kong International Watch Forum held this afternoon gathered watch association representatives from France, Germany, Japan, Korea, Mainland China and Switzerland to discuss future industry trends, global directions and challenges. Tomorrow’s Asian Watch Conference (4 September) will feature Jorge Martin, Head of Fashion Research at strategic market research company Euromonitor International, to share how digitalisation and connectivity are sparking an analogue reinvention. Emil Chan, Chairman, The Association of Cloud and Mobile Computing Professionals, will examine ABCD (artificial intelligence, blockchain, cloud and data) technology solutions for wearable devices, while Philip Wong, Vice-President (Technical) at the Movado Group, will discuss new trends for smart watches.

Various brands also introduce their latest watch collections at the fair’s product launch events. Some events will feature local celebrities including Patrick Kong, Bob Lam, Elanne Kong, Oscar Siu and Wong You-nam. Renowned influencer Rick Kwan and Ming Watch Chief Editor Simon Shia will also present.

Salon de TE will open free of charge to public visitors aged 12 or above on the fair’s last day (7 September). About 80 brands will conduct retail sales, enabling watch enthusiasts to go home with their favourite timepieces. There will also be a series of sharing sessions and lucky draws for visitors to win fabulous prizes.

Design competition to promote creativity

To help raise the design standard of Hong Kong watch brands and nurture budding designers, the HKTDC, the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd co-organised the 36th Hong Kong Watch & Clock Competition. The Open Group’s theme was “Fresh Start New Look”. The winning design, “Shuhari” by Marco Tang, draws on the Japanese Kendo concept, representing the three stages of self-improvement. In Kendo, the sword is the soul of a samurai. The piece’s Japanese sword element seeks to bring out the theme of improvement, symbolising a fresh start and a new look for the industry. The Student Group’s theme was “Abstract Wonder”. The prize went to Wong Sze-wa from the Hong Kong Design Institute for her “UKIYO-E” design, which presents a wave-like look under refracted light. To make the “wave” theme stand out, the design used handcrafted techniques and a unique case design. The winning and final entries from the competition are on display at Hall 1B Concourse during the fair, showcasing the best of Hong Kong’s creativity to international buyers.

Fair websites
– HKTDC Hong Kong Watch & Clock Fair: https://hkwatchfair.hktdc.com
3-7 September: Trade visitors aged 18 or above only (free admission)
– Salon de TE: https://hkwatchfair.hktdc.com/te
7 September: Open to public visitors aged 12 or above (free admission)
Photo download: https://bit.ly/2lry4JP

Photo:
Officiating at today’s opening of the 38th HKTDC Hong Kong Watch & Clock Fair, organised by the HKTDC, are (front row, from L): Wilson Ngan, Co-Chairman, HKTDC Hong Kong Watch & Clock Fair 2019 Organising Committee; Timothy Kao, President, The Hong Kong Watch Manufacturers Association Ltd; Enders Lam, Chairman, HKTDC Watches & Clocks Advisory Committee (2019/2020); Andrew Leung, President of the Legislative Council of Hong Kong; Margaret Fong, HKTDC Executive Director; Samson Sun, Permanent Honorary President, The Federation of Hong Kong Watch Trades & Industries Ltd; Samuel Lee, Chairman, The Federation of Hong Kong Watch Trades & Industries Ltd; and Harold Sun, Co-Chairman, HKTDC Hong Kong Watch & Clock Fair 2019 Organising Committee. https://bit.ly/2lAygq1

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Contact:

Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

JCB Partners with EVO Payments to Enable JCB Card Acceptance for Merchants in the UK and Ireland

JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., today announces a partnership with EVO Payments to enable JCB payment acceptance across the UK and Ireland.

The enabling of the EVO merchant portfolio increases JCB acceptance at small-to-medium sized businesses, particularly merchants utilizing integrated payments, and grants JCB additional access to ISV providers who are especially active in the UK. The UK and Ireland partnership follows a successful trial in Poland in 2017 when JCB acceptance was enabled for existing EVO merchants.

The expansion of JCB’s relationship with EVO is a key milestone for JCB’s growth, as the company continues to drive acceptance coverage across Europe for its 130 million global cardmembers and expands its network of around 30 million merchant partners.

Mr. Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., said: “JCB’s partnership with EVO Payments demonstrates our ongoing work to establish efficient acceptance across both the UK and Ireland and in Europe more widely. Our efforts to widen acceptance come about as JCB card membership grows in new countries from which more and more people are visiting Europe.”

Darren Wilson, President International, EVO Payments, Inc., said: “Our partnership with JCB will allow the 130 million JCB cardmembers to make payments at all EVO merchant sites across the UK and Ireland that are part of the JCB network. Expanding our card acceptance capabilities so that travellers from Asia can easily make card payments is an important enhancement to our merchant proposition.”

About JCB

JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ or www.jcbeurope.eu/

About EVO Payments, Inc.

EVO Payments, Inc. is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across the globe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the markets it serves.

Contact
JCB International/Europe
Ashleigh Carter
Email: acarter@jcbeurope.eu
Phone: +44 020 7087 4754

Kumiko Kida
JCB Co., Ltd.
Corporate Communications
Tel: +81-3-5778-8353
Email: kumiko.kida@jcb.co.jp

VCREDIT 1H19 Recorded Significant Revenue Growth 46.4%, Successfully Transformed into a Pure Online Consumer Finance Service Provider

VCREDIT Holdings Limited (“VCREDIT” or the “Group”; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its unaudited interim results for the 6 months ended 30 June 2019 (the “Period”). During the Period, the Group’s total income increased by 46.4% to RMB1,860.2 million year-on-year (1H 2018: RMB1,270.6 million), primarily due to the increase in loan origination volume through its credit-enhanced loan facilitation structure. Non-IFRS Adjusted Net Profit (1) surged 101.6% to RMB192.8 million (1H 2018: RMB95.6 million) due to the continued effort in monitoring its asset quality and improving operating efficiency.

The Group recorded robust growth and completed its transformation into a pure online consumer finance business during the Period. The Group primarily offers two credit products through its pure online loan origination processes: (1) credit cards balance transfer products, and (2) consumption credit products, both of which are installment-based.

In the first half of 2019, the differentiation of online finance industry was intensifying, the number of online loan platforms was down to under 900, and the number of active lenders and active borrowers showed a double downward trend. According to the report of Suning Institute of Finance, the overall scale of the online finance industry is still expanding while the threshold is getting higher. Since the small and medium-sized organizations are becoming unadaptable, as a result, they are leaving the industry. The survival of the fittest is an irreversible trend.

In the stage of industry differentiation, it is also the stage of solidification. VCREDIT continues to adhere to the belief of “the convergence of technology, data analytics and mobile internet”, in order to proactively plans the forward-looking layout. Over the past decade, the Group has grown to become a leading independent player at the forefront of China’s consumer finance industry. The Group’s funding model differs to many of its competitors and is composed of long-standing partnerships with licensed financial institutions (banks, trusts, licensed financial institutions). The significance of reputable funding sources is the key strength to the integrity and sustainability of the Group’s business. The Group has maintained a steady growth momentum under the strict supervision and the new industry regulations which constantly constraining the participants.

During the Period, the Group maintained its cooperative relationships with 30 existing licensed institutional funding partners, and also established mutually beneficial cooperations with 15 new institutional partners, including a strategic agreement with a national joint-stock commercial bank, aimed at expanding its intelligent consumer finance ecosystem and ensure the stability of funding sources. Moreover, the Group has begun to establish strategic cooperation agreements with third-party guarantee institutions which will allow it greater flexibility in working with licensed financial institutions. The Group successfully issued US$100 million 11.0% senior notes due 2021, in June 2019, which further strengthen its capitalization and expand its institutionalized funding sources.

The Group has formed strategic cooperation with all three mobile carriers in China. The cooperation with China Telecom Corporation Limited contributed to its increased loan origination volume of RMB468.2 million for the Period (RMB150.0 million for the whole year of 2018), successfully launched installment loan products to China Telecom’s customers in more than 25 provinces, 228 cities in China.

In June of 2019, the Group signed a strategic investment agreement with Chengdu Financial DreamWorks Investment Management Co., Ltd., and are currently working to establish VCREDIT Jiaozi Digital Technology Co., Ltd. in Chengdu, China. Chengdu Financial DreamWorks Investment Management Co., Ltd. is the first financial technology creation space designed to serve the small and medium sized micro-finance enterprises established with the support of the Chengdu Municipal Party Committee and Government and the Chengdu Branch of the People’s Bank of China. The Group’s fintech product offers an all-in-one solution for data collection, third party data integration, machine learning, business intelligence analytics and model building, which are able to lower customer acquisition costs and improve the operating efficiency of their SME (small and medium enterprises) lending, consumer credit lending and agricultural related lending businesses. New company will jointly build a new ecosystem of financial technology and promote the rapid and quality development of the western China financial center.

The revolutionary, state of the art credit scoring system and technology allows the Group to tailor each user’s experience perfectly with their unique backgrounds and needs, pairing multi-dimensional factors of each profile with those of its licensed institutional funding partners. The Group has also become a SaaS (Software-as-a-Service) provider of risk management systems for several financial institutions. By connecting various engines in the Hummingbird system (scorecard, anti-fraud, etc.) with the clients’ information technology system using API (Application Programming Interface), the Group has empowered these institutions to enhance their risk management and compliance capability, which will be better able to serve customers

As for the asset quality, the Group proactively updates its customer segmentation methodologies in underwriting to include more effective risk-based pricing and more prudent credit limit assignments based on prevailing market environment. Cumulative life-cycle credit losses for recent vintages have come at expected levels, indicating the effectiveness of its latest credit policies. Overall first payment delinquency ratio is consistent with the Group’s strategies which leveraging the mix of shorter tenor products.

Looking forward, the Group is committed to further building and expanding its online consumer finance business to better serve its borrowers, funding partners and business partners, as well as to bring value to the shareholders. At the same time, the Group will keep a foothold on fintech, to further develop its risk-based pricing and risk management capabilities. As the Group deepens its cooperation with the three major telecom operators and collaborates with leading companies in the fitness and education industry, hence, the Group’s business scale will further expand in the future. There are strong and large licensed financial institutions to provide funding sources, and the national regulatory policies that lead to the survival of the fittest in the industry. The Group’s development prospects are worth looking forward to. All sufferings have their rewards. VCREDIT, the financial services at your fingertips.

Note:
(1) Non-IFRS Adjusted Net Profit is defined as profit for the Period with fair value loss of convertible redeemable preferred shares and share-based compensation expenses added back.

IVD Medical announces 2019 Interim Results; Profit surges 897.3% to RMB 350 million

IVD Medical Holding Limited (“IVD Medical” or the “Group”), a leading distributor of In Vitro Diagnostic (“IVD”) products in the PRC, has announced its interim results for the six months ended 30 June 2019 (“Period”), which represents the first results announced by the Group since its listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”).

The Group has been able to seize emerging development opportunities in the industry, and steadily increase its market share and profits by taking advantage of its competitive and diverse product portfolio, extensive distribution network and hospital coverage. During the Period, the Group recorded revenue of RMB 912,763,000, representing a significant increase of 434.1% as compared with the corresponding period of last year. Profit for the Period significantly increased by 897.3% to RMB 350,667,000 thousand. Such significant increase was primarily due to the consolidation of the financial results of Vastec Medical Limited (“Vastec”) together with its subsidiaries following completion of the acquisition of Vastec, and growth resulting from the continuous development of the Original Group’s distribution business.

To reserve sufficient capital for business development, the Board proposed to not pay an interim dividend for the six months ended 30 June 2019.

Business Review

The Group is a leading distributor of IVD products in the PRC. In 2018, Vastec was the fourth largest Tier-1 IVD distributor in the PRC, and the Original Group was the third largest distributor in the Shanghai IVD market. The Group also engages in the research, development, manufacturing and sale of its self-branded IVD products under the brand name “IVD”.

Distribution business
The distribution of IVD products forms the cornerstone of the Group’s business. It primarily is involved in the trading of IVD analysers, reagents and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers.

The Group acquired the remaining 60% equity interest in Vastec in January 2019. After Vastec became the Group’s wholly-owned subsidiary, revenue from the distribution of IVD products through Vastec was consolidated into the Group. Vastec is the sole national distributor of Sysmex’ haemostasis products with exclusive distribution rights in the PRC since 1997. It also procures a diverse portfolio of IVD products from other leading international brands and distributes them in the PRC. On 1 April 2019, Vastec and Sysmex entered into a new distribution agreement which extended the term until 2022. This newly signed agreement will further stabilize relations between Vastec and Sysmex. During the Period, there were approximately 6,742 Sysmex haemostasis analysers installed by the Group at hospitals and healthcare institutions accumulatively. The existing and rising installation will create continuous demand for reagents, thus generating stable recurring income for the Group.

At the same time, Vastec began to provide 4 Thrombotic Markers to the market. These new products are manufactured by Sysmex with high sensitive chemiluminesence technology, which may help the early diagnose of thrombosis and fibrinolysis. They are aimed at expanding the Group’s product portfolio and are supplementary to the Group’s current products. During the Period, there were approximately 31 Sysmex analysers installed by the Group at the hospitals and healthcare institutions, and the use of 4 Thrombotic Markers has commenced.

In addition, the Group provides solution services to the clinical laboratories of hospitals through Dacheng Medical Equipments (Shanghai) Co., Ltd. (“Dacheng”), a wholly-owned subsidiary of the Group. This has enabled the Group to establish and maintain direct relations with local medical practitioners so as to keep the Group close to the frontlines of the medical practice and the market demand for IVD products. In 2018, Dacheng provided solution services to two Class III hospitals in the PRC (located in Shanghai and Shanxi, respectively). During the Period, Dacheng actively expanded its business by providing solution services for a third hospital that is located in Shandong Province, and has successfully recognized revenue. The Group has established an expansive distribution network that covers 29 provinces, municipalities and autonomous regions in the PRC through extensive hospital coverage. As of 30 June 2019, the Group had 183 direct customers, including hospitals and healthcare institutions, and 737 distributors. The Group also covered 1,272 Class III hospitals mainly through its sub-distribution networks in the PRC, which has further enhanced the competitiveness of the Group.

Maintenance services
Apart from distributing IVD products in the PRC, the Group also derives revenue by providing maintenance services to end customers of Sysmex’ haemostasis analysers in the PRC. In 2017, Vastec entered into a maintenance services agreement with Sysmex to provide maintenance services for the haemostasis analysers of its end customers. The maintenance services provided by Vastec generally include maintenance and repair services, installation services and end customer training. Vastec primarily provides its maintenance services to hospitals and healthcare institutions. During the reporting period, the maintenance services business was able to sustain steady development.

Self-branded products business
During the years ended 31 December 2017 and 2018, there was a factory reset, which involved the adjustment and calibration of self-branded IVD analysers of the Group, for adapting the self-branded IVD analysers of the Group that are originally designed for use in the outpatient department to now operate in the emergency department of hospitals. The factory reset for the upgrade of self-branded IVD analysers of the Group can improve users’ satisfaction and will have positive effects on the self-branded business of the Group in the long run. The manufacturing and sale of such IVD analysers re-commenced in June 2019.

Outlook
In the future, the Group will continue strengthening and expanding its business operation in the PRC. To realize this goal, the Group aims to continuously expand its product portfolio by diversifying product categories, increasing brand coverage and further expand the breadth of distribution network and hospital coverage. In this way, the Group will be able to capitalize on the high growth potential of the IVD market.

Concurrently, the Group will continue to develop its distribution business by enhancing its capacity to provide solution services. By being the general supplier of their clinical laboratory department, the Group is involved laboratory layout design, provides centralized procurement of IVD products, conducts real-time inventory monitoring and delivers other after-sale services to clinical laboratories. It also plans to provide solution services for up to two new hospitals in 2019. Moreover, the Group will continue participating in national and local IVD symposiums, as well as academic conferences to raise brand awareness.

In addition, the Group believes that strong research and development capabilities are critical for securing its future development and sustainable growth. It will therefore invest more resources in improving its research and development capabilities, including acquiring equipment and instruments, and hiring experts from relevant fields. The Group will also engage in research projects to further develop self-branded IVD products that hold promising market potential. The Group is keen as well to further strengthen product quality management, and optimize the performance and applicability of its self-developed products to enhance the Group’s competitiveness in the market.

Mr. Ho Kuk Sing, Chairman of IVD Medical, said “The year 2019 is important in the Group’s development history. Our listing on the Main Board of HKEX is a milestone in the Group’s business development and has enhanced the brand recognition of IVD Medical. We are also encouraged by the Group’s first interim results performance. After completing the acquisition of Vastec, we will be able to further integrate our distribution value chain, which will help drive the Group’s future development.”

Mr. Leung King Sun, COO of the Group, added, “The Group is optimistic about the prospects of the PRC’s healthcare market, in particular, the medical device market which shows significant growth potential. The IVD market is expected to grow further with the aggravating trend of aging population, increase in medical expense per capita and technological advancement in recent years. Looking ahead, we will continue to diversify our product mix, distribution network and hospital coverage so as to enhance our capacity to provide solution services to hospitals and further improve our product research and development capabilities. We will also seize opportunities that allow us to realize sustainable business growth and boost shareholder value.”

About IVD Medical Holding Limited
IVD Medical Holding Limited (“IVD Medical” or the “Group”) is a leading distributor of IVD products in the PRC. Its key subsidiaries include Vastec Medical Limited, Dacheng Medical Equipments (Shanghai) Co., Ltd., IVD China Limited and Suzhou DiagVita Biotechnology Co., Ltd. The Group’s distribution network covers 29 provinces, municipalities and autonomous regions across the PRC. It is the sole national distributor of Sysmex’ haemostasis products in the PRC and provides maintenance services to its end customers. It also engages in the R&D, manufacturing and sales of self-branded IVD analysers and reagents and provides solution services to clinical laboratories of hospitals for centralised procurement.

Media Enquiries:
Strategic Financial Relations Limited
Heidi So Tel: (852) 2864 4826 Email: heidi.so@sprg.com.hk
Elaine Wang Tel: (852) 2114 2821 Email: elaine.wang@sprg.com.hk
Yan Li Tel: (852) 2114 4320 Email: yan.li@sprg.com.hk
Fax: (852) 2527 1196

TransCanna Announces Signing of Definitive Agreement with SolDaze

TransCanna Holdings Inc. (CSE: TCAN)(FSE: TH8)(“TransCanna” or the “Company”) is pleased to announce that it has executed a definitive purchase agreement (the “SPA”) for all of the outstanding equity interest in Tres Ojos Naturals LLC, doing business as SolDaze, a limited liability company based in Santa Cruz, California. The transaction will absorb SolDaze’s branding asset package into the Company’s expanding asset portfolio, which the Company believes will provide significant penetration into the cannabis market in California. SolDaze is an operating company producing and selling the only all-natural cannabis-infused fruit snack in California.

“We are very pleased and excited to welcome the SolDaze team into the TransCanna family. We would like to recognize their efforts, achievements and in particular their patience and dedication to this process. The SolDaze brand has a very bright future and with the support of TransCanna will be introducing a variety of new SKUs, including the much anticipated launch of ‘Spicy Mango’. The Company is excited about the prospects of future growth that this acquisition will provide once consummated,” commented Arni Johannson, President & Chair of Transcanna.

“Since legalization while working in the California cannabis market, rarely have I had such strong interest in a new SKU as what I am seeing for Soldaze’s Spicy Mango product. We are beyond excited for this highly anticipated product to hit the market,” Added Dakota Sullivan, CEO of Calyx Brands Inc., California distibutor of SolDaze-branded products.

Pursuant to the SPA, the purchase price will be comprised of an aggregate cash payment of US$350,000 (less a previously paid deposit of US$50,000) and the issuance of 810,000 common shares in the capital of the Company at a deemed price of $1.14 per share. The share component of the purchase price is payable in instalments over a two-year period, provided that the timing of such instalments may be accelerated should the sales of SolDaze products meet specific revenue targets. The number of shares issuable may also be reduced in the event that certain revenue targets are not met by the dates specified.

“On behalf of the founding members of SolDaze snacks (Hand Shake Farms, GoldCoast Gardens, Plaid Cannabiz, SolDaze suppliers and manufacturing partners), we are honored and ecstatic about our company merging into the TransCanna ecosystem. We look forward to bringing to fruition our vision of delivering healthy sustainable edibles to the masses on a very large scale, while at the same time supporting social responsibility, job creation and ethical sourcing of organic fruit in Mexico,” commented Shawn Shevlin, Founder of SolDaze.

For more information on SolDaze product lines, please see its website at https://www.soldazesnacks.com.

About TransCanna Holdings Inc.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46927

LHN Limited achieves a 70.7% jump in net profit after tax of S$2.3 million in 3Q2019 on a quarter-on-quarter basis

– Revenue from the Group’s Residential Properties under the Space Optimisation Business in 3Q2019 increased by approximately S$0.8 million over the same period in 2018 due to the co-live business at 31 Boon Lay Drive in Singapore which started to generate revenue from 2Q2019.
– On 29 July 2019, the Group announced its grand opening and ribbon cutting of the 13-storey property at 137 Upper Pansodan Road, Yangon.

Real estate management services group LHN Limited (“LHN”, and together with its subsidiaries, the “Group”) reported revenue of approximately S$27.8 million in the three months ended 30 June 2019 (“3Q2019”), representing an increase of 5.6% from approximately S$26.3 million in 3Q2018. Such increase was mainly attributable to the increase in revenue from the (i) commencement of operations of a new premise under the co-live business under the Residential Properties; (ii) management of new carparks under the Facilities Management Business; and (iii) Logistics Services Business.

The Group achieved a net profit after tax of approximately S$2.3 million in 3Q2019, compared with net profit after tax of approximately S$1.3 million in 3Q2018. The increase in net profit after tax of 70.7% over the same period in 2018 was mainly attributable to the gain on disposal of our security business, which was partially offset by the increase in administrative expenses.

Table 1 - Key Financial Highlights
---------------------------------------------------------------------------
S$'000                  3Q2019  3Q2018  Change(%)  9M2019  9M2018  Change(%)
---------------------------------------------------------------------------
Revenue                 27,824  26,339     5.6     81,423  82,543    (1.4)
Gross profit             6,615   6,637    (0.3)    18,792  22,086   (14.9)
Administrative expenses (5,934) (5,699)    4.1    (17,107)(18,727)   (8.7)
Share of results of associates and joint ventures
                           345     152    >100      2,298     800    >100
Profit after tax         2,265   1,327    70.7      5,361   3,723    44.0
---------------------------------------------------------------------------

Table 2 - Segmental Revenue Breakdown
---------------------------------------------------------------------------
S$'000                                             3Q2019  3Q2018  Change(%)
---------------------------------------------------------------------------
Industrial Properties                               9,717  10,070    (3.5)
Commercial Properties                               5,307   5,169     2.7
Residential Properties                              1,226     400    >100
---------------------------------------------------------------------------
Space Optimisation Business                        16,250  15,639     3.9
---------------------------------------------------------------------------
Facilities Management Business                      5,063   4,539    11.5
---------------------------------------------------------------------------
Logistics Services Business                         6,511   6,161     5.7
---------------------------------------------------------------------------
Total                                              27,824  26,339     5.6
---------------------------------------------------------------------------

Space Optimisation Business revenue increased by approximately S$0.6 million or 3.9% from approximately S$15.6 million in 3Q2018 to approximately S$16.2 million in 3Q2019, mainly attributed to (i) the co-live business at 31 Boon Lay Drive in Singapore which started to generate revenue from the second quarter of our financial year ended 30 September 2019 (“2Q2019”); and (ii) increase in rental income from the Commercial Properties as a result of higher occupancy rates. These were partially offset by the decrease in revenue from the Industrial Properties due to (i) movement of tenants due to expiry of subleases; and (ii) renewal of sub-leases at lower rental rates.

Revenue derived from our Facilities Management Business increased by approximately S$0.5 million or 11.5% from approximately S$4.5 million in 3Q2018 to approximately S$5.0 million in 3Q2019 mainly due to increase in revenue from management of new carparks in Singapore. This was partially offset by the decrease in revenue from the security services business as a result of the completion of the disposal of the business as disclosed in the announcement dated 31 May 2019.

Revenue derived from our Logistics Services Business increased by approximately S$0.3 million or 5.7% from approximately S$6.2 million in 3Q2018 to approximately S$6.5 million in 3Q2019 mainly due to an increase in transportation services provided from the trucking business and increase in demand for storage and repairs of leasing containers in Thailand.

Business Outlook

Based on advance estimates as announced in the press release dated 12 July 2019 issued by the Ministry of Trade and Industry Singapore[1], the Singapore economy grew by 0.1% on a year-on-year basis in the second quarter of 2019, slower than the 1.1% growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank by 3.4%, after posting growth of 3.8% in the preceding quarter.

Given the present economic outlook, the Group continues to remain very cautious in its business outlook. As announced in The Business Times[2] dated 13 July 2019, the Singapore economy has now notched its lowest quarterly growth since 2009, and has slowed sharply from the first quarter’s 1.1% expansion. With the road ahead looking rocky, the Group is cautiously exploring new opportunities in Singapore and also other growth markets in the ASEAN region to expand its current business offerings.

For our Space Optimisation Business, the Group continues to grow its co-living space business. In May 2019, the Group was awarded a three-year lease by the Singapore Land Authority to operate a student hostel at 1A Lutheran Road, Singapore 267745. The lease includes a three years option to renew with a further option to renew for another three years.

On 29 July 2019, the Group announced its grand opening and ribbon cutting of the 13-storey property at 137 Upper Pansodan, M-8, Mingala Taung Nyunt Township in Myanmar. The 13-storey property has completed the renovation and is now fully operational to be managed as a premium serviced residence. It comprises 88 units of premium one-bedroom apartments that are equipped with smart-home features including digital lockset, smart lightings, controlled air-conditioning system, and wash-and-dry toilet system. The property is also fitted with Japanese Onsen SPA facilities and has a rooftop bar and restaurant for residents to enjoy their al fresco dining while admiring the panoramic view of the city and the magnificent Shwedagon Pagoda.

[1] https://bit.ly/33zlb20
[2] https://bit.ly/2N3q7WP

Under the Group’s Facilities Management Business, the Group announced on 31 May 2019 that it had completed the disposal of the Industrial & Commercial Security Pte Ltd (“ICS”) security services business (the “Completion Date”). As there may be additional client contracts to be novated to Prosegur Singapore Pte Ltd (the “Purchaser”), additional adjustments to the completion payment may be payable by the Purchaser to ICS on the date falling eight months after the Completion Date. With the Completion of the disposal, other than those contracts that are not novated to the Purchaser in accordance with the business purchase agreement, the Group will no longer engage in ICS security services business except for the supply, installation, and maintenance of security cameras as part of a full suite of facilities management services at premises owned or managed by the Group. Please refer to the announcement of the Company dated 31 May 2019 for further details.

Moving forward, the Group continues to provide integrated facilities management services and carpark management. On 9 July 2019, the Group announced that it had secured a third carpark contract in Hong Kong from the Government of the Hong Kong Special Administrative Region. Situated on an estimated land area of 19,100 square metres at Tuen Yee Street, Area 16, Tuen Mun, New Territories, the carpark offers private car parking and lorry parking of all sizes including trailer parking which is in high demand.

Under the Logistics Services Business, the Group announced on 17 May 2019 that it has received an option to purchase a property at 7 Gul Avenue, Singapore 629651, where the property will be used to operate a parking yard for our logistics vehicles, ISO tank depot and provide logistics services. The property has a total land area of approximately 22,479.7 square meters, gross floor area of approximately 8,284 square meters with a remaining leasehold life of approximately 13 years. The consideration of the property is S$13.0 million and a 5% deposit has been paid. In the event that our Group accepts the offer to purchase the property, the consideration will be funded from net proceeds of approximately S$1.8 million from the global offering of the Company in Hong Kong and the balance will be funded by internal source of funding and bank borrowings. Please refer to the announcements of the Company dated 17 May 2019 and 8 August 2019 for further details. The Company will make further announcement(s) as and when there are material development(s) to the proposed acquisition.

About LHN Limited

LHN Limited (the “Company”, and together with its subsidiaries, the “Group”) is a real estate management services group, with the ability to generate value for its landlords and tenants through its expertise in space optimisation, and logistics service provider headquartered in Singapore.

The Group currently has three (3) main business segments, namely: (i) Space Optimisation Business; (ii) Facilities Management Business; and (iii) Logistics Services Business, which are fully integrated and complement one another.

Under its Space Optimisation Business, the Group primarily secures master leases of unused, old and under-utilised commercial, industrial and residential properties and through re-designing and planning, transforms them into more efficient usable spaces, which are then leased out by the Group to its tenants. Space optimisation generally allows the Group to enhance the value of properties by increasing their net lettable area as well as potential rental yield per square feet.

The Group’s Facilities Management Business offers car park management services and property maintenance services such as cleaning, landscaping, provision of amenities and utilities, and repair and general maintenance principally to the properties it leases and manages, as well as to external parties.

Under its Logistics Services Business, the Group provides transportation services, container depot management services and container depot services. The Group transports mainly ISO tanks, containers, base oil and bitumen, provides container depot management services and provides container depot services which include container surveying, container cleaning, on-site repair and storage of empty general purpose and refrigerated containers (reefer).

The Group currently operates mainly in Singapore, Indonesia, Thailand, Myanmar, Cambodia, Hong Kong and China.

Issued for and on behalf of LHN Limited

For more information please contact:
Jess Lim Bee Choo
Group Deputy Managing Director
E-mail: jess.lim@lhngroup.com.sg