Finance Archives - Page 8 of 75

Cropmate Sets to Raise RM42.0 Million from ACE Market IPO

IPO to Enhance Operations and Customer Service Capability in Malaysia’s Fertiliser Industry

Cropmate Berhad (Cropmate or the Company), a key player in the conventional and specialty fertiliser manufacturing industry in Malaysia, is pleased to announce the launch of its prospectus for the upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Ms. Lee Jim Leng, Group Managing Director and Chief Executive Officer of Hong Leong Investment Bank Berhad; Mr. Lee Chin Yok, Managing Director, Cropmate Berhad

The IPO aims to raise RM42.0 million through the issuance of 210.0 million new shares at a retail price of RM0.20 per share. The proceeds from the IPO will be allocated as follows:

RM17.1 million for working capital to support Cropmate’s growing operations. RM16.7 million to part finance the purchase considerations of Factory Lot 8949 and Factory Lot 8950 where Cropmate’s operations are located. RM3.2 million for capital expenditure including setting up of a Research and Development (“R&D”) and test laboratory. RM5.0 million to defray listing expenses.

Managing Director of Cropmate, Mr. Lee Chin Yok, stated, “This is a defining moment for Cropmate with the launch of our prospectus. As the first-ever pure-play fertiliser company to be listed on Bursa Malaysia, this IPO represents our commitment to enhancing agricultural productivity and sustainability in Malaysia. With the proceeds, we aim to expand our R&D capabilities and continue to innovate in the fertiliser industry. We are excited about the opportunities this IPO opens for Cropmate as we strengthen our presence in the Malaysian agricultural sector.”

He further added, “Our focus on expanding our R&D capabilities and securing strategic assets aligns with our long-term vision of becoming a leading force in the industry. The additional working capital will also provide us the necessary resources to meet the rising demand for high-quality fertilisers, especially amongst the durian orchards and oil palm plantations, while ensuring continuous innovation and excellence in our operations.”

Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng, expressed her support, stating, “Cropmate is well-positioned to capture the growth in Malaysia’s agricultural sector, especially with its focus on innovation and sustainability, which allows them to play a pivotal role in strengthening food security as our population continues to grow. Their strategic initiatives, backed by a strong operational foundation, ensure that Cropmate will continue to thrive and lead the fertiliser industry moving forward.”

Cropmate’s growth is anchored in its expertise in the formulation and blending of conventional and specialty fertilisers, as well as trading of straight fertilisers. The Company’s commitment to supporting farmers with innovative, high-quality fertilisers has established it as a trusted name in Malaysia’s agricultural industry.

Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Bookrunner.

About Cropmate Berhad (Cropmate)
Founded in 2018, Cropmate Berhad is an established fertiliser manufacturer and supplier in Malaysia, specialising in the formulation and blending of conventional and specialty fertilisers. With a focus on innovation and sustainability, Cropmate offers a wide range of products designed to enhance agricultural productivity, including compacted and blended fertilisers, as well as semi-organic, organic, and liquid fertilisers. Led by industry veterans with decades of experience, Cropmate is committed to supporting farmers in improving crop yield and quality. As the first pure-play fertiliser company listed on Bursa Malaysia, Cropmate continues to advance its mission of contributing to the growth and sustainability of the agricultural sector.

For more information, visit https://www.cropmate.com.my/

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Cropmate Berhad

For more information, please contact:
Jazzmin Wan
Email: j.wan@swanconsultancy.biz

William Yeo
Email: w.yeo@swanconsultancy.biz

TRIO Launches 360 Botslab’s Smart Home Security Products in Malaysia, Introducing Advanced AI Solutions to Local Consumers

Redefining Home Security in Malaysia with Advanced AI and Smart Technology

TRIO Sales & Services Sdn. Bhd. (TRIO), a leading distributor of high-quality automotive and security products in Malaysia has officially launched the renowned Artificial Intelligence of Things (AIoT) brand 360 Botslab under 360 Smart Life Group in the Malaysian market

Mr. Yap Yi An, Executive Director of TRIO Sales & Services Sdn. Bhd.; Mr. Yap Kai Le, Executive Director of TRIO Sales & Services Sdn. Bhd.; YB Teressa Kok, Member of Parliament for Seputeh; Mr. David Yap Chong Huat, Managing Director of TRIO Sales & Services Sdn. Bhd.; Mr. Mars Ma, Senior, Vice President of 360 Botslab; Mr. Cao Jin, Director of Oversea of 360 Botslab [L-R]

The launch showcased 360 Botslab’s latest innovations in smart home security, featuring Artificial Intelligence (“AI”) driven technology designed to enhance everyday security and convenience for Malaysian households. The extensive innovative range of smart home products, including indoor and outdoor cameras, dash cams, video doorbells and Kids’ watches will provide Malaysian consumers with reliable and intuitive security solutions that are easy to integrate into their homes for enhanced safety and convenience.

Botslab's Security Cameras — Botslab’s Security Cameras

David Yap Chong Huat, Managing Director of TRIO Sales & Services said, “We’re thrilled to bring 360 Botslab’s AI-powered security products to Malaysia. Our mission is to empower households with intelligent, seamless security solutions. With advanced technology and our commitment to quality, we’re confident these products will bring new convenience and peace of mind. We look forward to seeing Malaysian consumers embrace this new era of smart home security.”

Mars Ma, Senior Vice President of 360 Botslab, said, “Our products have been well received across Asia and we’re excited about the Malaysian market. Featured today is the C221 indoor camera, a 5MP high-definition device with dual-band WiFi and eight AI-powered functions, including cry detection, face recognition, pet detection, and area intrusion alerts. Priced at RM 329, it offers an accessible security solution for families.”

For outdoor monitoring, TRIO introduced the W312 outdoor camera, which offers 360-degree rotational capabilities, 4MP resolution, and full-colour night vision, ensuring precise coverage in any lighting condition. With dual-band WiFi connectivity, IP66 water resistance, and noise reduction technology, the W312 is a durable and reliable choice for outdoor security, priced at RM339. Another highlight was the W302 outdoor camera, featuring dual wide-angle lenses for wider coverage, ideal for larger properties and available at RM449.

Through this partnership, TRIO aims to redefine home security standards in Malaysia, making advanced smart technology accessible to a wider audience. The launch event not only introduces 360 Botslab’s products but also underscores TRIO’s commitment to leading the market with innovative solutions that address the evolving consumers’ evolving needs.

Find out more about the TRIO at https://www.facebook.com/TrioAutoMalaysia/?locale=ms_MY.

Hi-Res Images. Please download hi-res product images from this link.

For media information, kindly contact:
Triven Marketing Group, for TRIO Sales & Services Sdn. Bhd.
Jazzmin Wan
Email: j.wan@swanconsultancy.biz

Mandy Tan
Email: m.tan@swanconsultancy.biz

ABOUT 360 Botslab
360 Botslab, a global AIoT brand under the renowned 360 Smart Life Group, specialises in developing innovative and intelligent security products designed to enhance the safety and convenience of modern homes. Inheriting 360’s security DNA, 360 Botslab integrates cutting-edge AI technology into its extensive range of products, including indoor and outdoor cameras, car dash cameras, doorbell cameras, children’s smart watches, WiFi routers, and robotic vacuums. With a mission to make advanced security accessible and user-friendly, 360 Botslab has established itself as a trusted choice for millions of households worldwide, empowering users to monitor and protect their homes with ease and confidence.

Selayang Mall Environment Week 2024 Unites Community for a Greener Future

Selayang Mall, owned by AmanahRaya Real Estate Investment Trust (REIT) and managed by Knight Frank Malaysia (Knight Frank), launches its inaugural Selayang Mall Environment Week 2024 as part of a bold initiative to champion environmental sustainability. The event gathered over 3,000 attendees, including families, local community groups, and eco-enthusiasts, all committed to celebrating and learning about environmental conservation.

The week-long event offered interactive exhibits, live demonstrations, and educational workshops, making it a key platform for raising environmental awareness in the Selayang community. Highlights included sessions on local biodiversity, eco-friendly practices, and fun hands-on activities for all ages, which sparked meaningful discussions about safeguarding Selayang’s natural heritage.

Selayang Mall donated RM16,000 worth of essential supplies to Pusat Pemulihan Dalam Komuniti in conjunction with Selayang Mall Environment Week.

Supported by renowned local entities, such as the Majlis Perbandaran Selayang, Forest Research Institute Malaysia (“FRIM”), and 99 Wonderland Park, the Environment Week saw the involvement of schools, private organisations, and community advocates. Tunku Rozita Tunku Abdul Malek, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (“AKRM”), and other key figures, including Dato’ Dr Ismail Haji Parlan, Director General of FRIM, lent their presence and support, underscoring the event’s significance.

Mohd Yusof Tawil, Chairman of Pusat Pemulihan Dalam Komuniti; Nazatul Syima, Head of Operation of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Tunku Rozita, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Yuen May Chee, Director of Knight Frank Malaysia; Benoit Cazin, Centre Manager of Selayang Mall; Hazwani Izzati, Marketing Manager of Selayang Mall [L-R]

Benoit Cazin, Centre Manager of Selayang Mall, said, “Selayang Mall Environment Week represents our commitment to inspiring positive change. This gathering exemplifies what’s possible when our community comes together for a common cause. Our goal is not only to promote environmental protection but to also position Selayang as a must-visit location with vibrant attractions.”

Beyond awareness, the initiative extended its impact through a substantial donation of RM16,000 in essential supplies to children at Pusat Pemulihan Dalam Komuniti Selayang, underlining Selayang Mall’s broader commitment to social and environmental sustainability.

The success of Selayang Mall Environment Week marks a significant step for community-driven environmental action. The organisers aim to continue building momentum, creating a lasting legacy that encourages a deeper connection with nature and sustainable practices across Selayang.

For media enquiries, please contact:
Hazwani Izzati Khirrudin – Asst Marketing Manager
Email: hazwani.khirrudin@my.knightfrank.com

Noor Atiyya Binti Mahmud
Email: nooratiyya@akrm.com.my

Mandy Tan
Email: m.tan@swanconsultancy.biz

Interroyal Engineering PCL (SET: IROYAL) Posts Strong Showing on First Trading Day

– Aiming to Lead in Electric Power Solutions Business
– Ready to Meet Demand Across Industries, Accelerating Project Bids

Interroyal Engineering PCL (SET: IROYAL), a provider of engineering services and specialized products, staged an impressive debut on the Market for Alternative Investment (MAI) with positive reception from investors, setting its sights on leading the electric power solutions sector with a focus on innovative energy solutions for the future. The company is moving forward to expand its capabilities, ready to meet demand from multiple industries, and confident in its strong business foundation. IROYAL aims to grow its sustainable, environmentally friendly energy business to ensure continuous long-term growth.

Mr. Panapat Mekasuwandumrong, Chief Executive Officer of Interroyal Engineering PCL (IROYAL), reported that IROYAL shares started trading on November 5, 2024, on the MAI in the services sector under the ticker symbol “IROYAL.” With over 40 years of experience in the industry, the company has accumulated a wealth of knowledge, understanding, and diverse skills that meet customer needs, earning the trust of leading organizations in the country. This strong foundation is expected to make IROYAL an appealing new IPO to investors.

The company plans to drive continuous growth by investing to enhance its competitive capabilities and meet service demand from various industries. It also sees opportunities to expand into technology projects, leveraging its expertise in the steps, processes, and products used in power generation to improve the current operational processes of power plants.

Additionally, the company has recently expanded its customer base into more diverse industries to broaden its clientele, targeting sectors like oil refineries or petrochemical plants with combustion systems, and cement plants with flue gas management systems. It has also begun expanding its product offerings to include items used in uninterruptible power supply (UPS) systems, aimed at customers in hotels, large buildings, and hospitals—sectors that require backup power and energy systems.

Ms. Prapapan Prapatpotipong, Director of Interroyal Engineering PCL (IROYAL), stated that the company plans to use funds raised from the IPO, after deducting related expenses, to grow the business and strengthen its position as a leader in innovative energy solutions. The objectives include: 1) using 280 million THB in 2024-2025 for bidding and guaranteeing performance for public sector, state enterprise, and private sector projects, which will enhance the company’s future business opportunities, and 2) allocating 78.21 million THB as working capital in 2024-2025. Additionally, IROYAL has set a dividend policy to pay shareholders at a rate of not less than 50% of net profit, after tax and reserve allocations, as stipulated by law and company regulations.

The group has always emphasized research and development to maintain high product quality, sourcing from manufacturers with leading innovation and technology in production processes. These products, which meet international quality standards, come from globally recognized brands based in the United States, the United Kingdom, Germany, Switzerland, Italy, Australia, Japan, China, and Singapore, among others. As of the first half of 2024, the company’s backlog stands at 63.01 million THB, with revenue recognition expected at 28.11 million THB this year and the remainder recognized in the following year.

As the lead underwriter, Ms Nalyne Viriyasathien, Managing Director of Investment Banking and Advisory at Maybank Securities (Thailand) PCL, stated that Inter Royal Engineering PCL (IROYAL) has over 40 years of experience and expertise in the industry. The company leverages its knowledge, understanding, and diverse skills set to effectively meet client needs, earning the trust of top organizations nationwide. This has resulted in a solid customer base in both the public and private sectors, domestically and internationally, within electric power and other industries. Notable clients include Hongsa Power Co., Ltd. (Hongsa Power Plant in Laos), the Electricity Generating Authority of Thailand (EGAT), TPI Polene PCL (TPIPL), and PTT Global Chemical PCL (PTTGC). IROYAL aims to maintain these customer relationships by offering maintenance and efficiency improvement services.

Mr. Somsak Sirichainarumitr, CEO of Asset Pro Management Co., Ltd., as the financial advisor, noted that IROYAL is well-positioned for growth opportunities within the electrical energy and key industry sectors by providing specialized engineering products and services, while maintaining long-term relationships with clients. This positions IROYAL’s revenue growth to align with the revenue growth in the electric power sector. Additionally, the company has the potential to participate in bidding for projects in core and new sectors, supporting its long-term sustainability.

Released by Public Relations Dept, MT Multimedia Co., Ltd for Interroyal Engineering PCL, or IROYAL

For more information, please contact:
Pipop Kongwong, T: +66 81-929-8864; E: pipop.k@mtmultimedia.com

Interroyal Engineering PCLL [SET: IROYA, IROYA-R, IROYA/F] https://www.interroyalengineering.com/

With interest rate cuts taking effect, CWT hopes to take advantage of the favorable macro trend

In recent weeks, both the Hong Kong and A-shares markets have experienced significant volatility. Following the U.S. Federal Reserve’s larger-than-expected interest rate cut on September 19, the markets saw a strong rebound. On September 27, the People’s Bank of China announced its largest economic stimulus plan since 2020, which included rate cuts, counter-cyclical monetary policy adjustments, greater-than-expected funding support, the creation of new monetary policy tools to stabilize the stock market, and the injection of approximately 1 trillion yuan (approximately US$141.82 billion) of long-term liquidity into the financial markets. These comprehensive supportive policies further boosted market enthusiasm. The Hang Seng Index in Hong Kong peaked at 23,241.74, while the A-shares market gapped up after the National Day holiday, reaching a high of 3,674.40. Both markets saw significant increases in trading volumes, indicating strong market interest.

Market data shows that foreign capital inflows have been another driving force behind Hong Kong’s stock market. According to market data, since September, overseas funds have turned into net inflows for the Hong Kong stock market. From mid-September onwards, net inflows from international intermediaries reached HKD 39.6 billion, surpassing the HKD 20.5 billion in net inflows from Mainland China into Hong Kong.

Following a sharp short-term rise in Chinese assets, there has been some market correction as investor sentiment cools and profit-taking ensues. However, from a long-term perspective, this correction is necessary. Rather than a speculative bull market, a more structured and gradual rally is healthier for the market and helps investors generate sustainable returns. Over a longer time horizon, the Hong Kong stock market has been undervalued in the past, combined with the liquidity provided by the Federal Reserve’s subsequent interest rate cuts and a more comprehensive market turnaround driven by multiple favorable policies. The signals indicating a bottoming out of the Chinese economy are gradually becoming clearer, and the economic fundamentals are improving step by step, suggesting that there is still significant room for growth in the Hong Kong stock market. At the same time, the growth of China’s economy has led to an increased demand for commodities and logistics services. In the Hong Kong stock market, there is a company that has been continuously focused on commodities and logistics services.

CWT International Limited (Stock code: 0521.HK, the “Company”, together with its subsidiaries the “Group”) is a public limited company incorporated in Hong Kong and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited. The controlling shareholder of the Group is HNA Trust Management Co., Ltd, and the resource endowment of shareholders is a major competitive advantage of the Group. In the first half of 2024, CWT had revenue of 20.276 billion HKD, an increase of 27% from previous year, and a net profit of 121 million HKD.

The Group operates its business through four major segments. The logistics services segment is engaged in the provision of services including warehousing, transportation, freight forwarding, and supply chain management. The commodity marketing segment is engaged in physical trading and supply chain management of metals and minerals, mainly non-ferrous base metals such as copper, aluminum, and zinc, as well as energy products. The financial services segment is engaged in the provision of financial brokerage services, and asset management services. The engineering services segment provides engineering maintenance for facilities, vehicles and equipment fleet, and design-and-build solutions for logistics properties. The Group’s two major businesses segments: logistics services and commodity marketing, constitute the Group’s main source of revenue and profit. The Group continues to promote synergy among all segments, to optimize operating processes and improve supply chain efficiency.

CWT originates in Singapore and remains as one of the largest warehousing and logistics service providers in Singapore. The Group continues to explore business opportunities in Greater China and Southeast Asia countries through many routes, such as establishing strategic cooperation and joint venture with local business partners. Since the initiation of the strategic cooperation with Hainan Yangpu Holding Investment in April 2024, the Group has facilitated a number of visiting delegations and exchange activities among the Group, business and industrial experts from Singapore, and local organizations in Hainan, in order to evaluate potential investment and business development opportunities in Hainan Free Trade Port. Meanwhile, on the occasion of the 50th anniversary of diplomatic relations between China and Malaysia, in May 2024, the Group signed a memorandum of understanding with a wholly-owned subsidiary of the global commodities warehousing company Access World Group, in order to extend further collaboration in the area of commodity marketing and logistics.

As the Group’s footprint in Greater China and Southeast Asia continues to deepen, its relentless focus is to learn from its experience and copy the success in Singapore and other global regions, to contribute to the economic growth and sustainable development in the regions that it operates, and to create more value for the Shareholders. Looking forward, in addition to operating the business with caution, the Group will promote deeper internal synergy, continue to expand its global commercial network, and seize further growth opportunities in Greater China and other regions to maximize the shareholders’ interests and earn a brighter future.

NH Investment & Securities Partners Alta Exchange To Provide Gateway to Alternative Investments in North and Southeast Asia

This collaboration opens up new pathways for Korean investors to explore alternative asset classes that offer diversification beyond traditional markets.
NH I&S and Alta Exchange will also explore the use of blockchain technology to enhance the liquidity and efficiency of financial markets through asset tokenization

NH Investment & Securities (NH I&S)), one of Korea’s largest investment and securities firms, has signed a Memorandum of Understanding (MOU) with AltaX (Alta Exchange), Asia’s leading digital securities exchange for alternative assets, bridging North and Southeast Asia’s fast-growing markets for alternative investments.

From Left to Right: Kelvin Lee, Group CEO of Alta Group, and Yoon Byoung Un, CEO at NH Investment & Securities.

This landmark partnership will also see NH I&S joining as a member firm of Alta Exchange.

The MOU between NH I&S and Alta Exchange will seek to explore the use of Alta Exchange’s blockchain-powered exchange to enhance the liquidity and efficiency of financial markets through asset tokenization. As a member firm, NH I&S will gain the ability to list investment opportunities on Alta Exchange, adding to Alta Exchange’s growing inventory of globally-sourced alternative assets.

NH I&S investors will benefit from exclusive access to Alta Exchange’s curated selection of investment opportunities, including global private companies, private equity credit funds, and unique real assets such as rare whisky and wines. These opportunities, traded on Alta Exchange’s digital securities exchange, are tailored for high-net-worth individuals, institutional investors, and family offices, offering a diverse range of options across alternative asset classes.

As NH I&S joins Alta Exchange’s existing partners such as Singapore-based broker Phillip Securities, corporate finance firm PrimePartners and investment bank Evolve Capital, this partnership also reflects Alta Exchange’s expanding investor network and investment opportunities to firms from overseas.

Representatives from Alta Group and NH Investment & Securities pose for a group photo following the signing of the MoU

Bringing Liquidity and Accessibility to Korean Investors
This collaboration opens up new pathways for Korean investors to explore alternative asset classes that offer diversification beyond traditional markets. Furthermore, Alta Exchange’s technology-driven approach to alternative investing helps unlock liquidity, allowing for greater flexibility in the management and trading of these unique assets.

“We are excited to partner with NH Investment & Securities, a leader in Korea’s financial landscape, to bring our portfolio of global alternative investment opportunities to Korean investors,” said Kelvin Lee, Group Chief Executive Officer at Alta Group. “Our collaboration aims to democratize access to high-quality alternative assets, giving NH I&S’ clients the tools to invest confidently in private markets, while also enhancing liquidity and transparency.”

Expanding Access to Global and Regional Opportunities

Yoon Byoung Un, Chief Executive Officer at NH Investment & Securities, said “This partnership represents a bridge between South Korea and Southeast Asia, two dynamic markets for alternative investing. For NH I&S, the collaboration with Alta Exchange offers the potential to list and promote regional opportunities to its network of investors, while also introducing its clients to unique global assets sourced through Alta Exchange’s expansive network. With Southeast Asia emerging as a hub for private market growth, the partnership provides NH I&S with a strategic entry point into the region, allowing its investors to explore new opportunities in one of the world’s most exciting alternative investment markets.”

About Alta Exchange
As the leading licensed digital securities exchange for alternative investments in Asia, we are building critical capital market infrastructure backed by some of the most active securities brokerages and bookrunners on the Singapore Exchange – Phillip Securities, PrimePartners and Nomura Holdings (Japan).

Empowering Private Markets: Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets. We believe that access to capital markets are pivotal in all economies, we recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.

Innovative Financial Ecosystem: Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities representing real world assets like whiskies and wines, to include fund management and digital custody.

Visit us on https://alta.exchange/

About NH Investment & Securities
NH Investment & Securities is one of South Korea’s largest investment and securities firm, offering a broad range of investment services, including wealth management, asset management, and brokerage. As part of the NongHyup Financial Group, NH Investment & Securities benefits from strong agricultural sector roots and solid backing from one of South Korea’s largest cooperative group. On the back of the pan-NongHyup group with more than KRW 200 trillion of asset under management, NHIS is enhancing its industry market presence and reputation.

Top-tile League Table: NHIS ranked the first and second in DCM and ECM as of the end of 2023 to maintain its top-tier position of investment banking, providing advisory and financing services for mergers, acquisitions, and corporate restructuring, with robust client network.

Growing Global Channels: Going global by establishing its presence in New York in 1992, NH Investment & Securities has built a network of eight locations across seven countries as of the end of 2023. While its global operations initially focused on stock brokerage, this has evolved to successfully establish a global business portfolio encompassing IB, overseas bonds, global product sourcing, and overseas stock brokerage.

For media inquiries, please contact:
PRecious Communications, on behalf of Alta
alta@preciouscomms.com

Alta Partners with Straits Trading to Streamline and Fractionalize Investments in Prime Singapore Private Property Space

SGX-listed Straits Trading partners Alta for its real estate opportunity, FIR-ST™, a fractionalised investment that provides access to prime private properties in Singapore without the need for hefty upfront expenses.
FIR-ST™ aims to provide its investors with stable returns and potential capital appreciation of a property over the tenure of an opportunity.
Straits Trading to tap on Alta’s global investor network for prime real estate opportunities.

Can investments in Singapore’s private property space be as easy as buying shares? FIR-ST™ (Fractional Investment in Real estate – Straits Trading), a new investment opportunity developed by Straits Trading (STC), a conglomerate-investment company with operations and financial interests in resources, property, and hospitality, seeks to do so.

Known as one of the first companies to list on SGX, Straits Trading initiated the FIR-ST™ scheme, which makes investments in prime private property space in Singapore. Under this collaboration with STC, Alta has established a fund to provide investors easy access to FIR-ST™, which aims to confer economic benefits akin to property ownership in Singapore without the hassle of upfront payments and paperwork.

The projected growth rate for Singapore’s real estate market in 2025 is estimated to be around 4.5%, driven by strong demand in both residential and commercial sectors. According to PropNex Research, sales activity in Singapore’s landed homes market remained resilient in 1H 2024, with 681 transactions totalling $3.7 billion, outpacing the previous half-year. Despite high interest rates and market uncertainties, buyers continue to show strong demand, driving prices upward. The Good Class Bungalow (GCB) segment also saw increased activity, with nine high-value deals totalling $219 million.

What is FIR-ST™?
The FIR-ST™ scheme introduces a new and innovative way to participate in the real estate market with fractionalised investing. Investors in FIR-ST™ may access economic benefits like owning a property in prime areas found in District 10 in Singapore. This innovative model provides investors with a unique opportunity which may allow them to partake in the upside of property ownership without the burdens of landlord responsibilities, property acquisition, additional buyer’s stamp duty, or cumbersome paperwork, as well as a market-adjusted dividend. Operational costs are seamlessly managed by Straits Trading, ensuring a hassle-free investment experience unparalleled in the industry.

“Real estate remains a steadfast choice for investors aiming to strengthen their portfolios. With FIR-ST™, our partnership with Straits Trading breaks new frontiers in property investment, making exclusive opportunities and tangible economic benefits accessible through fractional investing. It’s a game-changer for those seeking a flexible and innovative way to grow their portfolios,” said Benjamin Twoon, Chief Commercial Officer at Alta Alternative Investments.

Eric Teng, Group Chief Operating Officer, Straits Trading added, “We are pleased to partner with Alta to introduce FIR-ST™. FIR-ST™ provides investors with a unique opportunity in fractional investment that mimic the experience of buying a physical property with potentially stable returns and upside over time.”

About Alta

As the leading licensed digital securities exchange for alternative investments in Asia, we are building critical capital market infrastructure backed by some of the most active securities brokerages and bookrunners on the Singapore Exchange – Phillip Securities, PrimePartners and Nomura Holdings (Japan).

Visit us on https://alta.exchange/

About The Straits Trading Company Limited
Incorporated in 1887, The Straits Trading Company Limited is a conglomerate-investment company with operations and financial interests in resources, property, and hospitality. These include strategic stakes in one of the world’s leading tin producer, Malaysia Smelting Corporation Berhad, which is dual listed on Bursa Malaysia and the Singapore Exchange Securities Trading Limited, ESR Group Limited and Far East Hospitality Holdings as well as a diversified property portfolio that is wholly owned by the Group.

For media inquiries, please contact:
Deeksha Kakkar, Marketing Communications Lead, Alta
deeksha.kakkar@alta.exchange

Temenos Signs Multi-Country Model Bank Development Agreement with Bahwan CyberTek

BCT to develop further and market Temenos Country Model Banks, providing enhanced local functionality and service capability for financial institutions in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines, Taiwan

Temenos (SIX: TEMN) today announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, while simultaneously reducing costs and risks through pre-configured banking functionality and country-specific localization.

The agreement will see BCT develop further and market Temenos Country Model Banks, using the latest cloud-native technology and extensibility framework, for financial institutions in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines and Taiwan. Additionally, BCT becomes the Temenos preferred upgrade partner for banks in these markets.

Country Model Banks are a key differentiator for Temenos and through such agreements, Temenos can scale this competitive advantage, with partners further developing and building new model banks compatible with Temenos’ composable banking solutions and SaaS offerings.

With a network of 4,500 product engineering and digital services practitioners and consultants, BCT will support Temenos clients’ modernization programs. BCT has committed to invest in developing localized functionality to further enhance the Temenos Model Banks for financial institutions in the seven countries.

This new agreement extends the close collaboration between the two companies with BCT signing a strategic agreement with Temenos in 2022 to market, implement, and support all Temenos products and solutions in India, Sri Lanka, Nepal, and Bhutan.

William Moroney, Chief Revenue Officer, Temenos, commented: “We are delighted to extend our strategic relationship with BCT to provide enhanced local functionality and service capability to customers in India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines and Taiwan. By leveraging the expertise and resources of both companies, this collaboration will enable financial institutions in these markets to deliver innovative and customer-centric banking experiences with greater agility and speed to market while also reducing cost and risk.”

S. Durgaprasad, Co-founder, Director & Group CEO, Bahwan CyberTek, said: “We are excited to collaborate with Temenos in developing and marketing Country Model Banks, enabling financial institutions in these countries to leverage the latest banking capabilities and technology from Temenos to achieve operational excellence and their digital transformation goals. This latest agreement between our companies signifies a significant step forward in empowering financial institutions across these target markets in Asia with innovative banking solutions, ultimately driving growth and enhancing customer experiences.”

About Temenos
Temenos (SIX: TEMN) is the world’s leading platform for composable banking, serving clients in 150 countries by helping them build new banking services and state-of-the-art customer experiences. Top performing banks using Temenos software achieve cost-income ratios almost half the industry average and returns on equity 2X the industry average. Their IT spend on growth and innovation is also 2X the industry average.

For more information, please visit www.temenos.com.

About Bahwan CyberTek
Bahwan CyberTek is a global provider of digital transformation solutions. A trusted partner for over 1000+ customers, including Fortune 500 companies, we drive innovation through our products, service offerings & strategic partnerships. Established in 1999, Bahwan CyberTek has over 4500+ associates with technical and domain expertise across the Banking & Financial Services, Oil & Gas, Telecom, Power, Government, Banking, Retail and SCM / Logistics verticals. BCT has delivered solutions in 50+ countries across North America, Europe, Middle East, Africa and Asia-Pacific.

For more information, please visit www.bahwancybertek.com

For Media Queries please contact:
Hari Haran | +91 8148491924 | hari@brand-comm.com

Stable S&P rating supports Fosun’s globalization and innovation

HK equity market experienced snap adjustment rally in September, and is now entering stock picking phase before new round of catalyst arrives. Now is the period when investors explore resilient names whose fundamentals is robust enough to weather market turbulence. Fosun International (00656) fits into this category, with its continuous efforts on innovation and globalization, combined with solid delivery on financial result and attractive valuation.

Fosun International is one of the few leading enterprises rooted in China with global operational capabilities. Since its establishment in 1992, Fosun International has built an industrial presence in more than 35 countries and regions worldwide, continually enhancing its global operational capabilities. It has now become a global innovation-driven consumer group.

Enhancing innovation capabilities while delivering robust global operational capabilities
Over past decades, Fosun has been enhancing and deepening its globalization capabilities via launching new products and advancing its international operation.

Take pharmaceutical products for example, the biosimilar HANQUYOU has pioneered the international market expansion for Fosun. With licensing agreements covering approximately 100 countries and regions and marketing approvals in 48 countries and regions, HANQUYOU has become the China-developed biosimilar with the most marketing approvals.

Thanks to the overseas expansion of biosimilars, Fosun has not only established its reputation internationally, but has also gained experience in the globalization of first-in-class drugs. HANZISHUANG, the world’s first anti-PD-1 monoclonal antibody approved for the first-line treatment of small cell lung cancer (SCLC) independently developed by Shanghai Henlius, is an example of success. Fosun’s overseas expansion of biopharmaceutical has resulted in the advancement of both first-in-class drugs and biosimilars. In 2023, Shanghai Henlius became the first first-in-class pharmaceutical company among its peers to achieve profitability through product sales.

In terms of operations, Fosun International focuses on organization evolution and global resource integration. By leveraging regional advantages, it establishes a profound industrial presence and localized operations to continuously benefit its industries and brands.

For example, in the tourism sector, Fosun Tourism Group (FTG) has achieved remarkable growth through its unique asset-light operating model, global presence and global operations. FTG’s subsidiary Club Med, which operates 67 resorts worldwide, achieved a record-high business volume of RMB8.89 billion in the first half of 2024, representing a year-on-year increase of 10.3%. Its business in the Europe, Middle East and Africa (EMEA) region and the Americas continued to grow, while its business in Asia-Pacific region recovered significantly. In May 2024, Club Med signed an agreement in Oman for the launch of its first resort in the Middle East.

Notably, there are very few domestic tourism companies that adopt an asset-light operating model and are equipped with global operational capabilities, making FTG a benchmark for the development of China’s tourism industry. In addition, Fosun International continues to drive innovation and optimization in the consumption and insurance sectors, making positive impact on China’s economic growth and industrial upgrades.

As Fosun International enhances its focus on its “products + operations”, its globalization capabilities are gradually bearing fruit, while its innovation capabilities are further developing. This approach has effectively strengthened its advantages in core industries such as tourism, consumption, pharmaceuticals, and insurance, garnering market optimism.

S&P affirms Fosun International’s “stable” rating outlook, noting that creditworthiness remains steady
Recently, Fosun International received further recognition in the international rating agencies. On 21 October, S&P released a report acknowledging Fosun’s successful asset divestment and debt reduction efforts, assigning it a stable rating outlook.

Specifically, S&P acknowledges the improvement of Fosun’s liability structure, noting that bank loans now account for 73% of the holding company’s debts, up from 46% in mid-2022. Fosun International completed a USD888 million offshore syndicate in September 2024, reflecting an increase in both bank participation and size compared to the syndicate due in May. S&P regards this as a clear evidence of recovery in offshore bank refinancing channels.

The smooth access to financing channels reflects the confidence of domestic and international financial institutions in Fosun’s financial position and business strategy. This not only reduces Fosun’s reliance on public market financing but also allows for better support of liquidity management and greater flexibility to manage the pace of future asset divestment. S&P expects Fosun’s asset recycling could continue to drive further debt reduction.

The positive evaluation from S&P affirms Fosun International’s strong execution of its globalization and innovation capabilities. Over the past two years, the remarkable improvement in its balance sheet and enhanced financial resilience have been evident. Additionally, this endorsement reinforces the company’s investment value.

Overall, as the outlook for the Chinese economy improves, especially with the implementation of key policy initiatives, the Hong Kong stock market holds significant growth potential. Thanks to its global presence, integrated innovation, and asset-light operating strategy, Fosun International is enhancing performance certainty and strengthening its financial resilience against risks. As its global operations continue to expand, industry-leading advantages strengthen, and the benefits of technology innovation accelerate, Fosun is poised to capitalize on the next wave of growth in the Hong Kong stock market.

Valuufy appoints Dr Sachio Semmoto as Chairman of the Board, Signaling a New Era in Sustainability Assessment

Valuufy, a sustainability assessment startup, today announced the appointment of Dr Sachio Semmoto as Chairman of the Board. This strategic move comes at a critical juncture for the sustainability sector. It also emphasizes Valuufy’s commitment to transform how organizations measure and create sustainable value.

Dr Sachio Semmoto, appointed Chairman of the Board at Valuufy, Inc.

“The sustainability sector is at a critical inflection point, facing challenges such as greenwashing and lack of standardized metrics, but also unprecedented opportunities,” said Dr Semmoto. “Valuufy’s approach to redefining sustainability measurement through the ValuuCompass has the potential to create significant positive change. I am committed to leveraging my experience to help Valuufy become a global leader in driving meaningful, measurable sustainability practices.”

Dr Semmoto, brings over five decades of experience in building transformative companies. His track record includes co-founding KDDI, one of Asia’s largest telecommunication providers and a Fortune Global 500 Company, founding eAccess and EMOBILE (now Y! Mobile), and serving as Executive Chairman of RENOVA, a leading renewable energy company in Japan.

“Dr Semmoto’s joining Valuufy at this stage in his career, especially given the current challenges in the sustainability sector, is a testament to the potential of our mission,” said Kyle Barnes, CEO of Valuufy. “His expertise in scaling businesses from start-up to industry leaders aligns with our ambitions to redefine sustainability assessment worldwide.”

Dr Semmoto’s career spans both academia and industry. He holds a Ph.D. from the University of Florida and has held professorships at Keio University and visiting professorships at UC Berkeley, Carnegie Mellon, and Stanford University. He is also known for his philanthropic efforts, including founding the Frances & Sachio Semmoto Foundation, which provides educational opportunities to students from Asia-Pacific nations

This appointment underscores Valuufy’s commitment to combining expertise and innovative technology to address the pressing sustainability challenges facing businesses today.

Following this announcement, Valuufy will be sharing a comprehensive analysis of leading sustainability ratings frameworks against the ValuuCompass, illustrating where they fall short in comprehensively analyzing true stakeholder impact and value creation.

About Valuufy
Valuufy seeks to transform how the world understands and acts on sustainability. Founded in 2024, Valuufy, Inc is a registered Japanese startup in Kyoto, Japan, born of 10 years’ academic value research at Doshisha University and the Value Research Center. Led by an international team with expertise in value creation, sustainability and ESG, Valuufy provides new standards that transform how companies assess, manage, and leverage their sustainability efforts. For more on Valuufy and its impact on shaping the future of sustainability strategies, visit www.valuufy.com.

Contact:
Kyle Barnes
090-9742-0860
news@valuufy.com