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TTI Delivers a Strong First Half Performance With Record Revenue

New Products Driving Strong Growth

Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2019. It was another record first half for the Group with revenue increasing 8.7%, EBIT and net profit both increasing 11.9%, and earnings per share increasing 12.4%, to approximately US15.61 cent. Revenue grew 10.7% in local currency. The strong first half performance was driven by the launch of new products, category and geographic expansion. Gross margin increased in the first half for the eleventh consecutive year, up 50 bps, increasing from 37.1% to 37.6%. TTI’s disciplined working capital management continued to yield solid performance at 18.4% of sales. The Board is recommending an interim dividend of HK45.00 cents (approximately US5.79 cents) per share, against HK38.00 cents (approximately US4.89 cents) per share in 2018, an increase of 18.4%.

– First Half 2019 Revenue Totaled US$3.7 Billion up by 10.7% in local currency
– Net Profit Continues to Grow at a Faster Rate than Sales, up 11.9%, Driven by the 11th Consecutive First half of Gross Margin Improvement 
– Disciplined Working Capital Management, Delivered Working Capital of 18.4% of Sales
– The Flagship Milwaukee Tool Business continues to Grow 20%+ in local currency 

The Power Equipment segment continued the strong momentum with 14.3% growth in local currency, to revenue of US$3.3 billion. New products, geographic expansion, and entry into new categories all contributed to the excellent performance. Our flagship Milwaukee Tool business once again grew over 20% globally in local currency and our Power Equipment business outperformed the market with double-digit growth. The Floor Care business is starting to improve with a strategic focus on our next generation cordless vacuums, carpet washing products and solutions range. 

Our geographic expansion was also a highlight for the first half with the European team delivering an outstanding 14.2% growth in local currency, led by Milwaukee Tool with over 25% growth. In rest of world, Australia and our Asian companies continued to deliver above market growth at 12.8%. Our North American businesses continued to perform exceptionally well at 9.7% growth with Milwaukee Tool up 20%+ in the US and 28%+ in Canada.

Mr. Horst Pudwill, Chairman of TTI, said, “We are pleased to have achieved another record first half of outstanding growth. Our expanding global manufacturing network and world class supply chain continues to deliver consistent productivity gains. We are well positioned to deliver a strong second half, and importantly, a strong future.” 

Mr. Joseph Galli, CEO of TTI, commented, “New product development is a core strength of TTI and our new product flow continues to accelerate. We continue to aggressively invest in this high speed, world class process so that we can bring to market a stream of high margin new products with cutting edge technology for the months and years to come. With the strength of our new product programs, our outstanding team and strong brand portfolio, we are poised to deliver excellent results.”

About TTI 
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floor Care Appliances and Accessories for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI’s powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL Floor Care and Appliances.

TTI is one of the constituent stocks of the Hang Seng Index, FTSE Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license.

For enquiries:
Techtronic Industries Co. Ltd.
Isabella Chan Tel: +(852) 2402 6495 Email: isabella.chan@tti.com.hk
Website: www.ttigroup.com

Strategic Financial Relations Limited 
Veron Ng +(852) 2864 4831 veron.ng@sprg.com.hk
Beverly Chiu +(852) 2114 4329 beverly.chiu@sprg.com.hk
Karen Kwan +(852) 2114 4171 karen.kwan@sprg.com.hk
Website: www.sprg.com.hk

Hi Sun Tech Announces 2019 Interim Results: Net Profit Increases 473% to HK$400 million

Establish a Benchmark for Risk Control and Compliance Operations, Consolidate the Competitive Advantage of Payment Industry

A leading payment & finance solutions provider in China, Hi Sun Technology (China) Limited (the “Company”; Stock code: 818.HK), announced the unaudited consolidated interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2019 (the “Reporting Period”).

Results Highlights
1. The Company’s payment processing solutions segment continued to grow during the Reporting Period. In 1H2019, the cumulative transaction volume exceeded RMB935 billion, an increase of 36% over the same period of last year. The number of mobile QR code payment transactions increased by more than 12 times over the same period of last year.
2. The Group continued to focus on compliance development, seeking out innovation in payment security and creating an intelligent big data risk control system.
3. Seeking to create greater value and more opportunities in fintech, the Group worked with more enterprises, merchants, financial institutions, third-party payment platforms, and consumers to build a closer, mutually beneficial business ecosystem.

During the Reporting Period, the Group’s consolidated revenue amounted to HK$3,005.8 million, representing an increase of 55% when compared with HK$1,945.1 million for the same period last year. The Group’s operating profit was HK$360.4 million, representing an increase of 1,156% when compared with HK$28.7 million for the same period last year. Profit for the Reporting Period was HK$400.3 million, representing an increase of 473% when compared with HK$69.8 million for the same period last year. The increase in net profit was primarily attributable to the continued growth of the payment processing solutions segment. Basic earnings per share for profit attributable to equity holders of the Company increased by 500% to HK$0.12.

Strengthening Payment Risk Management, Improving Efficiency to Deliver High-quality Solutions
During the Reporting Period, the payment processing solutions segment was in good momentum. The segmental turnover amounted to HK$2,564.3 million, representing an increase of 72% when compared with the same period last year, and the segmental operating profit represents an increase of 690% when compared with the same period last year. In the first half of 2019, the cumulative transaction volume exceeded RMB935 billion and the number of transactions handled was more than 3,950 billion, an increase of 36% and 140% over the same period of last year respectively. The number of transactions increased by more than 12 times over the same period of last year contributed mainly to the rapid growth of mobile QR code payment transactions.

Payment security and compliance have always been a highly concerned issue for the industry. As the regulatory authorities strengthen the industry supervision and the financial payment market is gradually in line with international market, VBill, a subsidiary of the Group primarily engaged in payment processing business further strengthened the investment in risk control. The “Tianjing” risk control system based on expert rules was officially put into use during the Reporting Period, and a comprehensive scan was conducted for all merchants, which optimized the structure of merchants, paid more attention to their quality and reduced their risks. As of the end of June 2019, the accumulated number of active domestic merchants exceeded 3,900,000.

Exploring Value in Data to More Precisely Match Customer Needs
VBill has been focusing on offline-based scenarios for the past years, accumulating experience and deepening the value of its offline payment data. The fintech online micro-leading business further optimized the risk control model and cautiously controlled the lending scale for the micro-lending business. In the future, the Group will continue to explore more values in fintech by means of partnering with more enterprises, merchants, financial institutions, third-party payment platforms, and consumers to build a closer, more mutually beneficial business ecosystem.

During the Reporting Period, the Group came to an agreement with a private fund investor in relation to the conditional subscription of new VBill shares, and it is expected to bring strategic benefit to the Group. The subscription will provide funding for further developing the Group’s business network, thereby contributing to business expansion, and reinforcing comprehensive strength and growth potential, as well as creating more future funding opportunities.

Facing fierce market competition and a complex external environment, the Group also focused on its other fundamental business segments. During the Reporting Period, the performance of the Group’s information security chips and solutions segment remained similar to the same period last year. Research and development projects are progressing smoothly and cost reduction initiatives of various products are rolling out in an orderly manner. For the platform operation solutions segment, the Group continued to provide operational support services for three of China Mobile’s bases, and expected to follow the vigorously development in integrated payment, featured e-commerce, and fintech business of China Mobile, and awaited to gain more business opportunities. Meanwhile, the Group will spend utmost effort to expand outside communications industry. For its financial solutions segment, while ensuring the stability of traditional business with domestic banks and their overseas branches, the Group also increased the investment in new product research and development, particularly worth mentioning that winning the relevant bid for the business system construction project of Guizhou Bank during the Reporting Period. Besides, the overseas business layout has been proceeding positively.

The Group commented, “With the continuous expansion and improvement of digital payment technology, China’s third-party payment industry has entered a critical period of transformation. Facing a new round of industry regulations and changes, the advantages of payment institutions with their own unique strengths have become much more significant. At the same time, the Group also believes that compliance development remains critical for the success of the entire industry. As such, the Group will continue to focus on strengthening its safety and compliance systems and precision risk control, while investing in new technologies to help create a more convenient and inclusive fintech ecology, and greater value for shareholders, customers, and the society.”

*For identification purpose only

Niche-Tech Group Limited Announces 2019 Interim Results

Revenue increased by 22.5% to HK$102.4 million 
Sales of LED epoxy recorded significant increase

Niche-Tech Group Limited (“Niche-Tech” or the “Company”, with its subsidiaries collectively re-ferred as the “Group”; HKEx Stock Code: 8490.HK), a leading semiconductor packaging materials manufacturer, announced the interim results of the Group for the six months ended 30 June 2019 (the “Period”) yesterday. 

Performance Highlights
– Revenue of the Group increased by 22.5% to approximately HK$102.4 million for the Pe-riod (1H2018: approximately HK$83.6 million). 
– Gross profit of the Group grew by 15.9% to approximately HK$19.9 million for the Period (1H2018: approximately HK$17.2 million).
– Profit attributable to owners of the Company for the Period was approximately HK$0.2 million (1H2018: loss of approximately HK$7.7 million (net profit after tax of approximate-ly HK$2.7 million excluded the effect of the non-recurring listing expenses)).

During the Period, the growth of semiconductor product industry had continued, which had driven the constant growth of the demand for semiconductor packaging materials. By devotedly implementing its core business strategies and catching up to industry growing demand of the LED epoxy and metal alloy (gold and silver) bonding wires, the Group had achieved satisfactory business performance dur-ing the Period. The Group recorded outstanding growth in its revenue and gross profit, with an in-crease of approximately 22.5% and approximately 15.9% respectively. 

The Group recorded a net profit after tax of approximately HK$0.2 million during the Period, as compared with a loss of approx-imately HK$7.7 million (net profit after tax of approximately HK$2.7 million excluded the effect of the non-recurring listing expenses) in the corresponding period last year (“1H2018”).

In light of the growing demand from the semiconductor packaging market, especially the large de-mand of packaging materials of LED products for various applications, the Group had enhanced its production capability during the Period by acquiring more machineries and upgrading its facilities. The Group’s two new encapsulant production lines have commenced production and enhanced the production capability of the Group significantly. In addition, the Group has continued to develop and launch its new products to meet the requirements of customers, among which, the new products for mini-LED packaging has already gained a wide recognition from its customer during the Period.

Business Review

Revenue
The Group’s revenue principally represents income derived from its main products, namely bonding wire and encapsulant. During the Period, the Group recorded a revenue of approximately HK$102.4 million, increased by 22.5% from approximately HK$83.6 million recorded in 1H2018. 

The revenue of encapsulant products recorded an increase of 14.6% to approximately HK$12.3 mil-lion during the Period (1H2018: approximately HK$10.7 million), mostly due to an increase in sales of LED epoxy. The revenue of bonding wire products recorded an increase of 20.0% to approximately HK$81.3 million during the Period (1H2018: approximately HK$67.7 million), mostly due to the in-crease in sales volume. 

Cost of Sales and Gross Profit 
The Group’s cost of sales mainly comprised direct material costs, direct labour costs and manufactur-ing overhead. During the Period, the Group’s cost of sales increased by 24.2% to approximately HK$82.5 million (1H2018: approximately HK$66.4 million) which was in line with the increase in rev-enue.

The gross profit of the Group increased by 15.9% to approximately HK$19.9 million for the Period (1H2018: approximately HK$17.2 million). Gross profit margin was approximately 19.5% for the Peri-od (1H2018: 20.6%), remained similar with that of 1H2018. 

Mr. Chow Bok Hin Felix, Executive Chairman and Executive Director of the Group concluded, “Looking ahead, we remain confident about the industry and the Group’s future development. We be-lieve, the continuous support from the PRC government, together with the emerging markets of au-tomotive electrification, industrial automation, Internet of Things and artificial intelligence, will drive the further growth of semiconductor industry in the PRC and bring new opportunities to the semicon-ductor packaging materials industry. Under this condition, we believe that the Group’s established position in the PRC bonding wire industry, would allow the Group to pursue more business opportuni-ties.”

Mr. Chow added, “In light of the positive industry outlook and market potential, the Group is putting more efforts to develop new products, especially in the packaging of LED products for various appli-cations, such as agriculture and medical lighting. We believe these new products will become another growth momentum for the Group in the near future.”

About The Group

The Group was established in 2006 and was successfully listed on the GEM of Hong Kong Stock Ex-change in 2018. Niche-Tech is a manufacturer of semiconductor packaging materials and new mate-rials in the High and New Technology field, specializing in the development, manufacture and sales of bonding wire, encapsulant and special metal materials. Since 2010, the Group has become a High and New Technology Enterprise in the PRC. In 2016, Niche-Tech was recognised as a National Intellectual Property Outstanding Enterprise by the State Intellec-tual Property Office of the PRC and obtained the recognition as Guangdong Academic Experts (Cor-porate) Workstation in 2017.

This press release is disseminated by TNG Financial Services Limited on behalf of Niche-Tech Group Limited.

Vallianz Inks Strategic Partnership with Calm Oceans to Build Unique Offshore Mobile Platform

Vallianz Holdings Ltd (“Vallianz”; VALZ.SP), one of the largest providers of offshore support vessels in the Middle East, has embarked on a strategic partnership with Calm Oceans Pte Ltd (“Calm Oceans”) which has awarded the Group a contract to construct Calm Oceans’ first Mono-Column Platform – Lite (“MCP-Lite”), a unique offshore mobile platform. The construction is expected to complete in 9 months.

Headquartered in Singapore, Calm Oceans is a global offshore oil and gas company that provides innovative design and engineering services for offshore self-installing jack-ups and storage systems.

Calm Oceans is founded by industry veteran Mr Brian Chang who has more than 40 years of experience in the oil and gas industry. As a pioneer in the design and construction of jack-ups in Asia, Mr Chang has built an illustrious track record in the oil and gas industry.

A brainchild of Mr Chang, the Mono-Column Platform (“MCP”) is a multi-purpose and high payload jack-up rig designed to address the challenges relating to marginal fields and early monetisation of oil fields. Comprising a deck box, 3/4-chord square truss structure (mono-column) and a mat foundation, the MCP is able to operate in oil fields with soft seabeds that pose challenges for conventional jack-up rigs.

The uniqueness of this offshore mobile platform also stems from its flexibility as the MCP can be fitted with modular facilities either individually or in combinations to suit the end-users’ requirements, such as gas-processing, production, accommodation and ancillary support system. The MCP boasts an impressive operational capability up to depths of 500 feet, and supports up to 5,000 metric tonnes (MT) Variable Deck Load, and a deck space of up to 4,200 m2.

Vallianz has been appointed by Calm Oceans to construct one unit of MCP-Lite, which is a lighter version of the MCP that is suitable for fields with shallow water depth of up to 70 metres. The construction will be carried out at the Group’s shipyard in Batam, Indonesia. The Group expects to deliver the MCP-Lite to Calm Oceans in the first quarter of 2020.

Mr Darren Yeo, Executive Vice Chairman of Vallianz said, “We are honoured that Calm Oceans has selected Vallianz as its strategic partner to work on its MCP-Lite, which will be the first of its kind in the offshore oil and gas industry. Besides requiring a substantially lower capital investment, the MCP-Lite also offers the end-user with a host of cost and operational advantages as compared to conventional jack-up rigs.”

In addition to its flexibility of being easily configured to suit the requrements of the customer, the MCP-Lite requires minimal operational maintenance and is capable of operating continuously on-site throughout the duration of an offshore project, without the typical down-time needed for dry-docking. This will enable the end-user to improve the schedule, minimise risk and reduce the costs of its project.

“The formation of this partnership with Calm Oceans provides a strategic opportunity for Vallianz to broaden the Group’s service offering beyond our traditional offshore support vessel business and tap new revenue streams,” said Mr Yeo.

The contract is not expected to have any material impact on the net tangible assets or earnings per share of the Group for the current financial year ending 31 March 2020.

About Vallianz Holdings Limited

Vallianz Holdings Limited is one of the largest providers of offshore support vessels to the oil and gas industry in the Middle East. Headquartered in Singapore, the Group also provides offshore marine services to oil majors and national oil companies worldwide. Today, Vallianz owns and operates a young fleet of 62 offshore support vessels and covers markets in the Middle East, Asia Pacific and Latin America.

To strengthen its foundation for growth, the Group is currently executing initiatives to expand its geographical reach, as well as broaden its range of marine assets and solutions. The Group also continues to seek opportunities and strategic alliances to increase its penetration in the major and emerging offshore oil and gas markets. Listed on SGX-Catalist, Vallianz is helmed by an experienced management team. For more details, please refer to www.vallianzholdings.com

About Calm Oceans Pte Ltd

Headquartered in Singapore, Calm Oceans is a global offshore oil and gas company that provides design and engineering services for offshore self-installing jack-ups and storage systems. Driven by innovation to deliver efficient solutions for the oil and gas industry, Calm Oceans develops proprietary offshore technologies based on its patentable designs that are practical, safe and cost-effective. Calm Oceans offers integrated offshore technologies across the horizontal value chain from design to operation of self-installing technologies, in a holistic EPCIC approach (vertical value chain creation) to unlock values for oil companies.

Calm Oceans was founded by Mr Brian Chang who has more than 40 years of experience in the oil and gas industry. He started his career at Far East Shipyard (now known as Keppel FELS) before founding PROMET Pte Ltd (now known as PPL Shipyard Pte Ltd) which pioneered the jack-ups construction industry in Asia. In 1994, Mr Chang established Yantai Raffles Offshore Ltd (now known as Yantai CIMC Raffles Offshore Limited), a merger with Yantai Shipyard in China. Mr Chang has a wealth of experience in the global oil and gas industry, having worked with major oil companies spanning across Asia, Africa, Middle East regions and in various countries such as Norway, Russia, Latin America and Africa . For more information on Calm Oceans, please refer to https://bcholdings.com.sg/

OCTANT CONSULTING
Herman Phua | mobile: +65 9664 7582 | email: herman@octant.com.sg
Lisa Heng | mobile: +65 9090 9887 | email: lisa@octant.com.sg

Index Living Mall (SET: ILM) trades on the SET

BANGKOK, July 30, 2019 – (ACN Newswire) – Index Living Mall Plc. (SET: ILM), the leading retailer of home furnishings in Thailand, began trading as ILM at the Stock Exchange of Thailand on 26 July. “I am confident that our business foundation, the strength of the ‘Index Living Mall’ brand, the variety of our goods and services, as well as our comprehensive distribution channels, will serve to boost the confidence of investors,” said Miss Kridchanok Patamasatayasonthi, Managing Director of Index Living Mall Plc.

Index Living Mall has plans to open 2-3 new branches this year to boost growth, with the next branch opening in Chanthaburi this month. It is also proceeding with investments to improve the production efficiency of its factory, as well as install a solar rooftop to reduce energy costs. Additionally, ILM is diving in to expand distribution channels for its made-to-order furniture – Younique – at its Index Living Mall branches, and to spin off a new small furniture shop business model – COCO – that the company will invest in and run directly. 

At present the company has opened 36 Index Living Mall and Index Furniture Centre branches in 21 provinces in the country. It is also a rental and service provider under the brands; The Walk, Little Walk, and Index Mall; at nine of those branches. ILM’s strong suits are its retail shops, brand awareness and popularity, which attract customers to its retail furniture outlets while strengthening synergy for the main business of the company and give it sustainable growth.

In 2019-2020, 3 new Index Living Mall outlets, with a total investment of 620 million baht, will be opened. The first is in Chanthaburi with a retail space of 3,500 square metres and will be ready for business at the end of July 2019. The second will be in Sukhapiban 3 with 9,200 square metres of retail and rental space, and the third branch will be in Ramintra with a retail space of 3,500 square metres. Both are expected to open for service at the end of 2020.

Investment will be made in small furniture retail shops (COCO) with the name Winner Furniture Centre, which the company will invest and administer itself. ILM plans to open two centres this year with retail space between 1,057-1,700 square metres, and to spread store locations and reach more customers. The company will also expand its sales channels for Younique, the custom-order furniture business, at the various Index Living Mall branches. ILM’s strength in technological innovation leads a process of designing and producing furniture which can be completed and delivered within a month. This new business alone is increasing ILM’s customer base.

Furthermore, Index Living Mall is turning its attention to reducing energy costs with a project to install a solar rooftop to improve the production efficiency of its factory. It also has other projects such as the renovation of Index Living Mall branches, development of its IT system, and paying off loans from financial institutions, which will benefit its financial cost reduction.

Mr Phichet Sithi-Amnuai, President of Bua Luang Securities Pcl., in his capacity as financial adviser and underwriter, said that ILM’s fundraising and listing on the stock market have received good response from investors through its Initial Public Offering (IPO) of 105 million shares at 22 baht per share. “Investors were confident in the company’s business potential and that its investment expansion plans will create future growth,” Mr Phichet said. 

ILM’s business operation is considered comprehensive since it is the designer, manufacturer and distributor of home furnishing products. Its full-service operation gives it competitive advantage and diverse customer base that include retail customers, business projects, and international markets under the franchise business model. It is expected that the home furnishing retail business will be supported by the rapid urbanisation of communities in the provinces and regions, as well as by investment in the development of the transport infrastructure, which will benefit the expansion of housing and increase the demand for home decoration products and furniture.

Distributed by MT Multimedia Co. Ltd. 
for Index Living Mall Plc.: 
Ms Thiyaporn Sriadunphan (Dah)
Phone: +66 8 7556 6974
Email: thiyaporn.s@mtmultimedia.com

Zhonghua Gas Holdings Limited Announces Positive Profit Alert

HONG KONG, July 31, 2019 – (ACN Newswire) – Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that the Group is expected to record a significant increase in turnover by approximately 93% and an increase in consolidated net profit for the six months ended 30 June 2019 (the “Current Period”) as compared to that for the same period of last year 2018 which is based on the information currently available to the Board and the preliminary review of the relevant unaudited consolidated management accounts of the Group for the Current Period. 

The Board considers that the increase in the Current Period’s consolidated net profit of the Group was mainly attributable to (i) the increase in revenue and profit in the provision of diverse intergrated new energy services; (ii) the decreases in the selling and distribution expense and the amortized cost of share-based payments expenses, and (iii) a gain on disposal of catering business.

The Group achieves such solid growth reflecting the Group has formulated and executed the right business strategy at the right time. The Group will always continue to look for opportunities to venture into business relating to New Energy business in order to expand the business and market coverage and ultimately to build it into a leading diversified and integrated new energy service provider in the Greater China Region.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of liquefied natural gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Tel: +852 2581 0168
Email: news@joviancomm.com

GoMoney (GOM) Token to be listed on IDAX Aurora Platform

IDAX will launch the GoMoney (GOM) Token on its newest IEO platform AURORA. The GOM Token will be used in the AnimalGo blockchain project for the pets community.

Start time: Jul 31, 2019 19:00 (UTC+8)
End Time: Jul 31, 2019 21:00 (UTC+8)
Listing time: Aug 01, 2019 19:00 (UTC+8)

AnimalGo is a blockchain SNS app that aims to connect all the pet lovers together. In this reward-type pet community allows you to communicate and exchange information with other pet owners. While sharing pets’ photos and postings, users will get GoMoney (GOM) as a reward. http://animalgo.io/

About GOM

GoMoney (GOM) is a token used in the ecosystem that is based on a reward SNS app for pets and partners called AnimalGo. Users can upload their pet photos and create postings through the mobile app. The more people respond to a post, the more valuable it is. By using deep learning technology, we provide differentiated services from other apps by providing lineage analysis, defecation analysis, age analysis, and emotional analysis. AnimalGo will provide all-in-one and one-stop services to its partners by building diverse ecosystems, including pet walking friends, pet healthcare, pet insurance, pet funeral services, pet products, pet sales, pet TV, and pet wearables.

About IDAX Aurora

IDAX officially launched AURORA, the upgraded edition of IDAX Foundation, on June 10th. Comparing it with IDAX Foundation, AURORA is faster and gives investors more benefits.

https://medium.com/@IDAX11/idax-will-launch-gomoney-gom-on-aurora-d0cd5b68f043

About IDAX (www.idax.pro)

IDAX is an international cryptocurrency exchange platform originating from GBC (Global Blockchain Research Center). Founded in 2017, IDAX is ranked in the Top 8 at CoinMarketCap. IDAX provides users from around the world with convenient, safe and fast cryptocurrency transaction services. IDAX has over 2 million registered users with daily trading volume of over 2,000 million US dollars.

IDAX values every user of the platform, and maintains its relationship with users from a long-term perspective. As one of the world’s leading exchanges, IDAX will strive to build the first users’ community system initiated and promoted by the exchange. IDAX uses unique products and services to integrate into people’s lives, bringing joy and more opportunities to users and society in general.

IDAX Social Groups

Telegram (Chinese): https://t.me/idaxcenter
Telegram (English): https://t.me/IDAX_Overseas_group
Telegram (Korean): https://t.me/IDAXKoreaOfficialGroup
Facebook: https://www.facebook.com/IdaxCenter
Twitter: https://twitter.com/IDAXpro
Medium: https://medium.com/@IDAX11
Instagram: https://www.instagram.com/idaxcenter

Media contact:
Kelly Wang
pr@idax.pro
Singapore 

Trading of Dynasty’s Shares Resume Today

Dynasty Fine Wines Group Limited (Stock Code: 828), a premier winemaker in China, is pleased to announce that, with it having fulfilled all the conditions for resumption of trading of its shares as provided by the Hong Kong Stock Exchange, trading of its shares will resume today at 9:00 a.m.

Among the trading resumption conditions, the Company has fulfilled the condition in relation to internal investigation in October 2016 by issuing an announcement pertaining to an internal investigation report in August 2016. In addition, as all outstanding financial results have been published in or before July 2019, the Company has fulfilled the condition of publishing its financial results.

In the past few years, the Company had made its best effort to enhance step-by-step its internal control system, based on the recommendations of its internal control adviser. The current management had further improved the internal control function of the Company and completed relevant rectification as advised. The Company had also implemented new procedures and measures for revenue recognition, and devised 13 internal control policies and guidelines for inventory management, file management, trade receivables management and control of selling expenses, and the internal control adviser had made further reviews to ensure the enhanced procedures and measures had been implemented and complied with.

Mr. Sun Jun, Chairman and Executive Director of Dynasty, said, “We are very pleased that trading of our shares will resume today. I would like to take this opportunity to thank the management, colleagues and the working parties involved for their effort to help us fulfil the conditions for resumption of trading of our shares. Looking ahead, Dynasty will continue to strengthen corporate governance and its internal control procedures and steadily develop its business, with the aim of building a stronger Dynasty and bring maximum value to shareholders.”

SunTec increases investments in Australia & New Zealand

Launches Xelerate Digital Core – A Low Risk, Progressive Digital Transformation Approach for Banks

SunTec Business Solutions, the leader in revenue management and customer experience orchestration solutions, announced the opening of its operations in Melbourne, Australia, increasing its focus on the Australia and New Zealand markets.

This is a significant move especially after SunTec’s recent launch of Xelerate(R) Digital Core – an extremely low risk approach for banks to accelerate their Digital transformation journey, without having to replace their functionally stable legacy core systems.

SunTec’s expansion comes at a time when many large banks in Australia and New Zealand are embracing customer centric transformation, to stay ahead of the competition. In addition, the recent regulatory requirements to improve standards and transparency, prevent misconduct and immediate remediation of customers makes it imperative for banks to act fast. But it is not an easy decision. On one hand banks are battling legacy issues while on the other, they are looking for technologies that can help them to quickly connect with the fintech ecosystem, create innovative products and own the customer experience. Xelerate(R) Digital Core ticks all boxes and simplifies the process by providing an intelligent and flexible middle layer that helps banks embrace a progressive digital transformation strategy. 

Nanda Kumar, CEO of SunTec, said, “We are thankful to the growing acceptance we have received so far. Australia and New Zealand bear strategic significance in our growth plans. Setting up operations in Australia is a logical next step as it allows us to be close to our customers, strengthen our support and demonstrate our commitment to the region”.

SunTec is headquartered in India and has operations in USA, UK, Germany, Singapore and UAE. The Australia and New Zealand operations, which were being handled by the Singapore office will now be managed directly by the Melbourne office. 

To find more on SunTec Xelerate, please visit: http://suntecgroup.com/

About SunTec(TM)

At SunTec, we help our clients increase the lifetime value of their customer relationships through effective revenue management and real-time customer experience orchestration. Our low risk digital transformation approach enables clients to own the customer experience by enhancing their value-based engagement. With 130+ clients in 45+ countries, SunTec is a trusted partner of leading organizations across Banking, Financial services, Insurance, Telecom and Travel industries. Headquartered in India, we have operations in USA, UK, Germany, UAE, Singapore and Australia. 

For media enquiries, contact:
SunTec: 
Anoop M George
Head-Corporate & Digital Marketing
Tel: +91-949 505 9292
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Hong Kong Investment Promotion Chief visits Thailand to promote Hong Kong’s business advantages

The Director-General of Investment Promotion of the Hong Kong Special Administrative Region, Mr Stephen Phillips, today (July 23) started his duty visit to Bangkok, Thailand, in the latest bid to attract Thai companies to set up a presence in Hong Kong to tap the new business opportunities that the city has to offer.

During the visit, Mr Phillips will meet with leaders from diverse industries as well as officials from the Thailand Board of Investment. Thailand is the second-largest economy in Association of Southeast Asian Nations (ASEAN), hence the visit is a significant step for Invest Hong Kong to lure Thai companies seeking an international business platform from which to grow.

Mr Phillips said, “Through this visit I hope to update Thailand business communities of the various new economic developments in Hong Kong, so that they can better understand the benefits of having a presence in Hong Kong.

“The country is undergoing a significant economic transformation with the Thailand 4.0 policy. The various initiatives include reinforcing promotions and support for innovation, creativity, research and development, higher technologies and green technologies. These bear a lot of similarities with some of Hong Kong’s economic priorities,” he added.

He continued, “While Hong Kong is a convenient channel for companies to manage and raise funds for Belt and Road projects, the Guangdong-Hong Kong-Macao Greater Bay Area development adds another appeal. Hong Kong is being identified as the international hub for this integrated market that has a population of 71 million and a gross domestic product of US$1.6 trillion. By having a base in Hong Kong, companies from Thailand can easily tap the huge opportunities arising from the bay area.”

About InvestHK

InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk. 

Media contact:
Yada Saraneeyatham
Invest Hong Kong Consultant (Bangkok)
Tel: +66 2 260 8200
Email: ysaraneeyatham@investhk.com.hk