Category: Local Business

Doubleview Provides Update on HAT Project 2021 and 2022 Drill Data

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview”) is pleased to provide additional information regarding outstanding analytical information from its 2021 four drill-hole program that totalled 2,476 meters. Assay results will be released in the near future. Furthermore, analytical results from Doubleview’s 2022 drill program that comprised 8 holes with total length 3,433 metres, are being received from the laboratory and will be released as soon as they have been compiled and verified. To date, Doubleview has drilled 51 holes at the HAT deposit totalling more than 20,750 meters.

The Company’s robust quality assurance – quality control (“QA/QC”) process, which among other things, tracks the chain of custody of drill samples, after many delays, in consultation with the independent assay lab, determined that some of the 2021 samples were lost. Although the entire transfer route from the property to the lab was re-evaluated and double-checked and to ensure that the samples were not simply mislaid or misdirected, the exact cause of the loss was not identified.

When 2022 property work began, missing core intervals were re-sampled by re-sawing the remaining half-cores. The replacement samples thus were quarter cores. The Company may consider re-drilling the drill holes in question at a future date but it has been determined that is not necessary at this point.

Following this serious failure of sample custody, the Company’s QA/QC procedures were thoroughly reviewed and even further strengthened and were in effect during the 2022 drill program.

Quality Assurance & Quality Control

Hat Project drill core handling procedures were developed to ensure the integrity of data. Cores are delivered securely to a central processing facility where, after being photographed, weighed, measured and logged, they are halved by sawing with one half sent for analysis and one-half retained for future reference. Individual sample lengths vary and are based on geologic characteristics as determined by the on-site geologist. The stream of samples sent to the lab includes blank, duplicate and certified reference samples. Samples are bagged individually, weighed and placed in labelled rice bags for transfer to an ISO 17025 and ISO 9001 standards compliant analytical lab. The lab is independent of Doubleview and maintains rigorous internal monitoring procedures to ensure reliability of assay and analytical results.

Samples were analysed for gold by fire assay with atomic absorption finish 48 other elements by four acid digestion with ICP-MS finish.

Doubleview’s 2022 drill program comprised of 8 drill holes totalling 3,433 meters. Analytical results are currently arriving from the laboratory and will be released as soon as they have been compiled and verified.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder of the company.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: A1W038), (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risk.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC
Farshad Shirvani, President & CEO
E: corporate@doubleview.ca

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview’s control. Such factors include, among other things: risks and uncertainties relating to Doubleview’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Sri Trang Agro-Industry Founder Somwang Sincharoenkul Passes on at 97

Mr. Somwang Sincharoenkul, founder of Sri Trang Agro-Industry PCL (STA), the parent company of Sri Trang Gloves (Thailand) (STGT), has passed away peacefully at his home in Trang province, Thailand, on 27 February 2023. He was 97.

A luminary in the Thai rubber industry, Mr Somwang founded STA in 1987, and was instrumental in establishing the strong foundations for the Group’s growth. Under his visionary leadership, STA has grown from its early days as a producer of ribbed smoked sheets in Hat Yai, to become the world’s leading fully integrated natural rubber company with approximately 7,200 hectares of rubber plantations across 19 provinces in Thailand. The Group is also the world’s largest producer of midstream natural rubber products, technically specified rubber (TSR), ribbed smoked sheets (RSS) and concentrated latex. STA went public on the Stock Exchange of Thailand (SET) in 1991, and successfully sought a secondary listing on the Singapore Exchange (SGX) in 2011. It currently has a market capitalization of about THB39.55 billion (SGD1.51 billion).

STA marked its expansion into the glove production business with the establishment of STGT in 1989. STGT was listed on the SET and made its debut on the SGX in 2021. The company has a market capitalisation of about THB31.80 billion (SGD1.22 billion) and ranks among the world’s largest producers of latex and nitrile gloves today.

Mr Somwang retired as Chairman of STA, and was succeeded by his son Dr Viyavood, in 2010. He continued to serve as Sri Trang Group’s honorary advisor until 2023. Mr Somwang is survived by four children, 11 grandchildren and three great grandchildren.

Mr Somwang’s casket is currently lying at Kuanwisade Temple in Thap Thiang Sub-district, Mueang District, Trang Province. The itinerary of the Merit Making, Abhidhamma Chanting and Cremation Ceremony is as follows:

28 Feb (Tuesday) 03.00pm Bathing ceremony Abhidhamma chanting ceremony
1 March (Wednesday) 07.00pm Abhidhamma chanting ceremony
2 March (Thursday) 07.00pm Abhidhamma chanting ceremony
3 March (Friday) 07.00pm Abhidhamma chanting ceremony
4 March (Friday) 07.00pm Abhidhamma chanting ceremony
5 March (Saturday) 10.00am Buddhist sermon,
10.30am Buddha’s Mantra Chanting, Offering food to the monks for lunch
12.00pm Matika Chanting and Bangsukun Chanting;
01.00pm Body to be taken around the temple’s crematorium

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Sri Trang Agro-Industry PCL
For additional information, please contact: Wasana ‘Jeab’ Wongsiri
T: +66 84 359 0659, +66 2 612 2081 ext.131; E: wasana.w@mtmultimedia.com

Sri Trang Agro-Industry PCL (STA), https://www.sritranggroup.com/en/home
[SET: STA; STA-R; STA/F] [SGX: NC2; STA] [XTR: YTAA] [OTCPK: SRGPF]

NeutraDC, NAVER Cloud, and Cisco Collaborate to Boost Cloud Adoption, Drive Digital Transformation in Indonesia

NeutraDC, a brand of PT Telkom Data Ekosistem (TDE), entered a Memorandum of Understanding (MOU) with NAVER Cloud and Cisco to accelerate the digital transformation of businesses in Indonesia by providing them with advanced cloud solutions and services.

Businesses in Indonesia will benefit from the collaboration as NAVER Cloud and Cisco provide reliable, secure, and efficient cloud-based services. The MOU enables all parties to leverage TDE’s local knowledge and data centre infrastructure to deliver reliable and secure cloud services to businesses in Indonesia.

NeutraDC offers a pathway for international companies to access Indonesia’s eyeballs and digital economy. A hub for TDE’s data centre resources in Indonesia, NeutraDC offers a robust digital ecosystem where any party, including hyperscale players supported by Telkom Indonesia, can tap integrated digital infrastructure with comprehensive network connectivity.

Spokesperson Quotations

NeutraDC

“We are happy to have NAVER Cloud & Cisco to support our flagship hyperscale data centre in Cikarang, Indonesia. The MOU will promote collaboration and knowledge-sharing between the three companies, which will result in developing talent and skills in cloud computing in Indonesia,” remarked Andreuw Th.A.F, Chief Executive Officer, Telkom Data Ekosistem (NeutraDC). “The benefit to local companies in Indonesia is enhanced agility, scalability, and cost efficiency to better compete in the digital economy.”

NAVER Cloud

“NAVER Cloud is proud to bring our knowledge and experience in cloud technology to the Indonesian market in collaboration with PT Telkom and Cisco. This partnership will help to drive innovation and deliver the benefits of cloud technology to businesses and consumers in Indonesia,” said Weongi Park, CEO of APAC Development at NAVER Cloud.

Cisco

“At Cisco, partnerships are at the heart of everything that we do, which is why we are excited to be working with NAVER Cloud and PT Telkom on this innovative venture. With their unparalleled industry expertise and our cutting-edge technology, we believe we can offer a premier telco cloud solution to Indonesia, driving economic growth to new levels,” said Sanjay.

Left to right:

  • Michael Hu, Chief Commercial Officer, Telkom Data Ekosistem (NeutraDC)
  • Meygin Agustina, Director, Service Provider, Indonesia, Cisco
  • Abdi Negara Nurdin, Independent Commissioner, Telkom Indonesia
  • Sanjay Kaul, President, Service Provider, Asia Pacific and Japan, Cisco
  • Bogi Witjaksono, Director of Wholesale & International Service, Telkom Indonesia
  • Weongi Park, CEO of APAC Development at NAVER Cloud
  • Andreuw Th.A.F, Chief Executive Officer, Telkom Data Ekosistem (NeutraDC)
  • Dave West, President, Asia Pacific and Japan and Greater China, Cisco
  • Rizal Mallarangeng, Commissioner, Telkom Indonesia

About NeutraDC

NeutraDC, a brand of PT Telkom Data Ekosistem (direct subsidiary of Telkom Indonesia) offers modular, scalable and carrier neutral data centres which are backed by the Group’s telco infrastructure including network connectivity and submarine cables for seamless connectivity from Indonesia to the rest of the world. After our data centre consolidation exercise in mid-2023, NeutraDC’s resources will include 28 data centres consisting of 5 global data centres and 3 Enterprise Data Centres (Sentul, Serpong, and Surabaya) with Tier 3 and 4 classifications, 1 Hyperscale Data Centre (Cikarang) that has global standards certified by Uptime Tier III & Tier IV for global players, along with 19 neuCentrIX located in various cities in Indonesia as well as global data centres in Singapore. We offer a reliable gateway and direct access to one of Southeast Asia’s largest and fastest-growing digital economies, helping businesses to tap into Indonesia’s 171 million digital users and enterprises. Visit neutradc.com for more information.

About NAVER Cloud

For over a decade, NAVER Cloud has been a leading cloud service provider in Korea, offering IT development and cloud services. In 2017, the NAVER Cloud Platform was launched, providing a public cloud service open to everyone. Currently, NAVER Cloud offers over 220 products, including IaaS, SaaS, PaaS, AIaaS, and CaaS, which cover application, data, runtime, and API tools, as well as middleware, platforms, operating systems, virtualization, servers, storage, network services, and hyperscale AI services. NAVER Cloud has expanded its offerings to cater to the public, financial, and enterprise cloud markets, and in August 2020, it launched Neurocloud as its CaaS. This hybrid cloud offers private data centre racks for enterprises, providing higher levels of security and efficient management. https://micro.ncloud.com/sea/en/

About Cisco

Cisco (Nasdaq: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

Copyright © 2023 Cisco and/or its affiliates. All rights reserved. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. To view a list of Cisco trademarks, go to: www.cisco.com/go/trademarks. Third-party trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.

RSS Feed for Cisco: https://newsroom.cisco.com/rss-feeds

MEDIA CONTACTS

For NeutraDC:
Pinpoint PR Pte. Ltd.
Singapore: Illka Gobius, WhatsApp/Telegram: +65 9769 8370, email illka@pinpointpr.sg
Jakarta: Windy Oktaviani, WhatsApp/Telegram +62 811-9109-266, email windy@pinpointpr.sg

CATALIST-listed AOXIN Q&M reports lower revenue of RMB 140m for full year ended 31 December 2022

Catalist listed Aoxin Q&M Dental Limited, announced on 1 March 2023, a 12.8% lower revenue of RMB139.7 million for full year ended 31 December 2022 (FY2022). The Group reported a net loss after tax excluding impairment loss on investment in our associate of RMB7.3 million for FY2022, primarily due to the number of shutdowns from China’s zero-Covid policy that was in place all the way up until 8 January 2023.

Dr. Shao Yongxin, Executive Director and Group Chief Executive Officer of Aoxin Q&M said, “Companies in China have had to face head-on, the challenges brought about by the COVID-19 pandemic and Aoxin is no exception. While we have recorded net loss after tax excluding impairment loss on investment in our associate of RMB7.3 million for FY2022, we are optimistic about the company’s prospects for 2023 now that China has moved from its zero-Covid stance to a “living with Covid” one. Aoxin’s primary healthcare sector has been resilient and we are well-positioned and prepared to ride the wave as the economy recovers in step with the entire country opening up.”

In addition, “Indeed, 2022 will go down as one of the most challenging years in recent history for companies operating in China, as cities and entire provinces were closed and sealed with little to no advance warning for days and sometimes weeks. Aoxin was certainly not spared and in fact, the number of days of shutdown for the Group’s hospitals and polyclinics amounted to some 844 business days in total. This includes days when some clinics could not operate because a substantial number of dentists and nurses were down with Covid themselves. Throughout this time, we have been extremely prudent in maintaining cost discipline, reducing some of our liabilities and look forward to strongly ride on the recovery in the coming year.”

Revenue

The Group’s revenue was lower by RMB20.5 million or 12.8% from RMB160.2 million for the financial year ended 31 December 2021 (FY2021) to RMB139.7 million for the financial year ended 31 December 2022 (FY2022). The lower revenue was largely due to the resurgence of Covid-19 in Liaoning Province, PRC in the second and fourth quarters of 2022 which affected all business segments of the Group.

Revenue from primary healthcare segment was lower by 7.3% from RMB93.9 million in FY2021 to RMB87.0 million in FY2022. This decrease was largely due to the temporary closure of our hospitals as instructed by the local authorities, and a decrease in number of patients visiting dental polyclinics due to dental services being classified as a non-essential service.

Revenue from distribution of dental equipment and supplies segment was lower by 22.0% or RMB11.1 million from RMB50.4 million in FY2021 to RMB39.3 million in FY2022. The lower revenue was largely due to lower demand for dental equipment from government hospitals due to lesser government tenders obtained in the six months ended 30 June 2022, partially offset by a slight increase in demand as a result of contracts secured during the six months ended 31 December 2022 (2H2022). The supply of dental equipment was also impacted by supply chain disruption as a result of Covid-19.

Revenue from laboratory services segment decreased by 15.5% from RMB15.9 million in FY2021 to RMB13.4 million in FY2022 due to decrease in demand from government dental hospitals largely due to the temporary closures.

Other income and gains were lower by 8.3% or RMB0.2 million from RMB2.9 million in FY2021 to RMB2.7 million in FY2022 mainly due to lower profit guarantees from vendors of acquired subsidiaries. However, the lower income and gains were partially offset by the higher government grant and rental discount.

Net Loss (Excluding one off impairment loss on investment in associate)

The Group’s net loss remained at RMB7.3 million for FY2022 and FY2021. The net loss of RMB7.3 million for FY2022 included tax credit of RMB5.1 million and partially offset by increase in operation loss which was largely attributable to (i) reduction in revenue by RMB20.5 million, (ii) higher % of staff costs to revenue due to regulatory increase of social insurance contributions resulting in an increase of the contribution rate, and (iii) higher unrealised foreign exchange loss arising from the translation of Singapore Dollars denominated balances to Renminbi.

Dr. Shao Yongxin added, “Our long-term growth trajectory remains intact and we will work hard to execute the strategic plans for the Group, as well as increase the revenue of our hospitals and clinics by maximising our cost efficiency of our operations.”

Dr. Ong Siew Hwa, Chief Executive Officer & Chief Scientist of Acumen and Executive Director of Aoxin Q&M added, “Acumen Diagnostics Pte Ltd (“Acumen”), will continue to progressively roll out its pipeline of new non-Covid PCR Tests. These includes the test for sepsis, identification of bacteria pathogens and their associated antimicrobial resistance in hospitalised pneumonia, as well as colorectal cancer screening and pharmacogenomics. Our colorectal cancer screening is already offered by medical practitioners to patients.

In addition, Acumen had been awarded the tender for the operation of a Joint Testing and Vaccination Centre by the Singapore Ministry of Health. The award is for a period of 15-month and expected to contribute at least S$3.6 million to Acumen’s revenue during the contract period.”

Looking Forward

Aoxin’s FY2022 results reflects the significant impact of the Covid lockdowns in China to the Group’s overall revenue. With the opening up of the entire country, the business climate and overall economy in the PRC is expected to turn positive and we thus look forward to the Group’s revenue to correspondingly improve substantially.

Building on its strong fundamentals and strength, our Group’s homegrown medical associate company, Acumen will ramp up on the implementation of its portfolio of non-Covid PCR tests in 2023.

The Group will continue to focus on disciplined management of operating expenditures, costs and capital expenditures. The Group will continue to closely monitor its expenses and maximise cost efficiency for all its operations. In addition, the Group is considering a potential fund raising exercise within the next 12 months.

Barring any unforeseen circumstances in the year ahead, we expect operations to gradually improve in 2023 as China opens up and the economy recovers. We do not foresee at this point in time, any known factors or events that may adversely affect the Group in the next 12 months.

This media release is to be read in conjunction with the Group’s announcement posted on SGXNET on 1 March 2023.
See https://links.sgx.com/1.0.0/corporate-announcements/SFUGJHC6YKNDTSVE/ce5b8462fc6d4eecd12bf30dac451fa755d625f08f9518e56256861b61b113f3

This announcement has been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Lim Hui Ling, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg

About Aoxin Q&M Dental Group Limited (Stock Code: 1D4.SI) www.aoxinqm.com.sg

Aoxin Q&M Dental Group Limited (“Aoxin Q&M” or together with its subsidiaries, the “Group”) is a leading provider of private dental services in the Liaoning Province, Northern People’s Republic of China (“PRC”). The Group operates 16 dental centres, comprising 10 dental polyclinics and 6 dental hospitals, located across 8 cities in Liaoning Province, namely Shenyang, Huludao, Panjin, Gaizhou, Zhuanghe, Jinzhou, Dalian and Anshan.

A majority of the dental centres are accredited as Designated Medical Institutions of Medical Insurance. Additionally, the Group is engaged in the provision of dental laboratory services, as well as the distribution and sale of dental equipment and supplies in the Liaoning, Heilongjiang and Jilin Provinces in Northern PRC.

Aoxin Q&M was listed on the Catalist board of the Singapore Exchange Securities Trading Limited on 26 April 2017.

Media and Analysts please contact the below for more information:
Waterbrooks Consultants Pte. Ltd.
+65 6958 8008, query@waterbrooks.com.sg
Wayne Koo (M): +65 9338 8166, wayne.koo@waterbrooks.com.sg
Derek Yeo (M): +65 9791 4707, derek@waterbrooks.com.sg

Q&M reports lower full year profits due to impairments and decrease in Covid-19 related revenue

– Core Healthcare Revenue grew at a CAGR of 9% from S$120.8 million to S$172.1 million for the last 5 financial years (FY2018 to FY2022) demonstrating the inherent strength and sustainability of our healthcare business;
– Covid-19 testing revenue significantly decreased, and also with write-off of Covid-19 related consumables
– Second interim dividend of 0.6 cent declared for current quarter making a total dividend of 1.0 cent for FY2022;
– Group total revenue of S$181.2m and profit after tax attributable to shareholders (PATMI) of S$11.3m for FY2022;
– Increased utilisation, Optimisation of existing clinics and Improvement of margins are key strategies going forward.

Mainboard-listed Q&M Dental Group (Singapore) Limited today reported total revenue of S$181.2 million, and profit after tax attributable to parent (PATMI) of S$11.3 million for the twelve months ended 31 December 2022 (FY2022). The Group Earnings before interest, tax, depreciation, amortisation (EBITDA) for FY2022 was S$35.2 million.

For FY2022, Core Healthcare revenue increased 2% to S$172.1 million and Core Healthcare EBITDA increased by 6% to S$39.5 million.

For the Other Business segment, revenue contributions from the Group’s medical laboratory business dropped very significantly with demand for COVID-19 testing now reduced to a very small group, following the government eliminating all tests for locals and foreign visitors to Singapore.

As at 31 December 2022, the Group’s financial position remains strong with Net Assets of S$96.5 million, as well as cash and cash equivalents of S$39.7 million. Bank borrowings plus finance leases amounted to S$85.1 million.

The Group declares a second interim dividend of 0.6 Singapore cent per ordinary share for 4Q2022. Together with the 0.4 Singapore cent dividend paid out for 1Q2022, the total dividends for FY2022 work out to 1.0 Singapore cent. The 4Q2022 dividend will be paid on 24 March 2023.

Q&M Chief Executive Officer Dr Ng Chin Siau said, “We are pleased to note that our Core Healthcare Business has continued to demonstrate strong resilience and is well-positioned to grow in the coming year.

We are heartened by the fact that the Core Healthcare’s Revenue and EBITDA compound annual growth rate (CAGR) for the last 5 years (FY2018 to FY2022) are 9% and 26% respectively. We believe that with the strategies that we are implementing, this will continue to be the case.

The Group had been very nimble in the Covid-19 period, treating and reacting to threats as opportunities with resulting outstanding results. As we transition to a “living with COVID-19” stance now, long term growth will be driven by improved utilisation of our professional staff, optimising the use of clinics and improving margins. The key to this approach is continuing training and upgrading of our dentists and professional assistants and use of technologies. The Group is very well placed to implement these strategies with the Q&M College of Dentistry, our investments in technologies and an experienced management team, which has led the exponential expansion of our core businesses. “

Dr Ng continued, “We see the future of dentistry lying in combining the dentist’s domain expertise and valuable experience with data-centric analysis to generate objective and highly accurate dental healthcare plans that are specifically tailored to individual needs.

With the above in mind, we will continue to prioritise in investing in our people as they are the bedrock upon which our long term success lies. Whether frontline or behind the scenes, they play a vital role in ensuring that we deliver the best dental healthcare to our patients, every single day.”

4Q2022 Core Business Healthcare- Financial Performance

Revenue from Core Healthcare Business continues to inch up to S$46.2 million for the three months ended 31 December 2022 (4Q2022) mainly due to the organic growth of dental clinics (See Table 1). The Group added a net 10 dental clinics in Singapore and net 6 dental clinics in Malaysia the last 12 months.

Over the last 4 consecutive quarters ie 4Q2022 vs 1Q2022, 2Q2022 and 3Q2022, Core Healthcare Business grew between 9% and 12%. (See Table 2 above)

Operational Update and Recent Developments

The Group currently operates a total of 152 dental clinics, of which 107 are located in Singapore, 44 in Malaysia and 1 in PRC China. (See Table 3 above)

1. Dental Operations (Singapore and Malaysia)

The Group is initiating a strategy of intensive organic growth of dental clinics and will expand its team of dentists to support the future growth of its operations in Singapore. We will continue to develop, invest and optimise our digital guided clinical decision support system to provide the most effective and suitable treatment plans for our patients.

With rising standards of living and higher expectations of dental healthcare in Singapore, the Group believes it is well-positioned to meet the rising demand for primary and high-value specialist dental healthcare services for its patients.

In Malaysia, the Group operates 44 clinics with 16 dental clinics in Johor, 9 in Kuala Lumpur, 12 in Selangor, 4 in Melaka and 3 in Negeri Sembilan. The eventual number of dental outlets will depend on available opportunities and pertinent market conditions. The increasingly tight labour market is a limiting factor.

2. Dental Operations (People’s Republic of China (PRC))

The main thrust of the Group’s proposed expansion in PRC is through organic growth to develop a new and sustainable growth pillar that can yield long term value for the Group.

The Group is also actively exploring opportunities to expand its dental business to Southeast Asian countries at this time.

Strengthening Capabilities, Fortifying Relationships, Building Futures

Q&M has firmly committed to keep the business on a steady growth path that is always forward looking, sustainable yet firmly anchored in the Company’s philosophy.

1. Expansion of network of dental clinics in Singapore, Malaysia and Southeast Asia and China

The Group is continuously looking for opportunities to expand its dental business to Southeast Asian countries with an emphasis on utilisation and optimisation of existing clinics, and only opening new clinics where appropriate and meets the overall strategic objectives of the Company.

2. Medical Laboratory

The Group’s medical laboratory will continue to progressively roll out its pipeline of new PCR tests for various purposes. These include the tests for sepsis, identification of bacteria pathogens and their associated antimicrobial resistance in hospitalised pneumonia, as well as colorectal cancer screening and pharmacogenomics.

Looking Forward

Barring any unforeseen circumstances, there are no known significant changes in the trends and competitive conditions of the industry in which the Group operates and no other major known factors or events that may adversely affect the Group in the next reporting period and the next 12 months. However, the Group and the industry is impacted by increased manpower and occupancy costs, as well as shortage of and competition for trained nurses.

[1] Core Healthcare Business excludes contributions from the Group’s medical laboratory, share of profit from disposal of associate, Aidite, other gains, other losses and expenses incurred on the development of the Group’s digital Artificial Intelligence (AI) guided clinical decision support system as well as rental rebates received from the Singapore Government.

Please see links for PDF documents from SGXNET.
Financial Results: https://links.sgx.com/FileOpen/QnM_4Q_2022_Announcement.ashx?App=Announcement&FileID=748726
Press Release: https://links.sgx.com/FileOpen/QnM_PR_FY2022.ashx?App=Announcement&FileID=748727

About Q&M Dental Group (Singapore) Limited (QC7.SI)

Q&M Dental Group (Singapore) Limited (QC7.SI) (“Q&M” or together with its subsidiaries, the “Group”) is a leading private dental healthcare group in Asia.

The Group owns the largest network of private dental outlets in Singapore, operating 107 dental outlets across the country. Underpinned by about 270 experienced dentists and over 350 supporting staff, the Group sees an average of 40,000 patient visits a month in Singapore. The Group also operates 5 medical clinics and a dental supplies and equipment distribution company.

Outside of Singapore, the Group has 44 dental clinics and a dental supplies and equipment distribution company in Malaysia, as well as a dental clinic in the People’s Republic of China (PRC). Q&M is also the substantial shareholder of Aoxin Q&M Dental Group Limited, a dental Group listed on the Catalist board of the Singapore Exchange that operates dental clinics and hospitals primarily in the north-eastern region of the PRC. The Group aims to expand its operations geographically and vertically through the value chain in Malaysia, the PRC and within the ASEAN region.

The Q&M College of Dentistry was established in 2019 to offer postgraduate dental education as part of its commitment to continual education and professional development of dentists. It offers Singapore’s first private postgraduate diploma programme in clinical dentistry.

In 2020, the Group expanded into the medical laboratories and research industry with the strategic investment into Acumen Diagnostics Pte. Ltd. (Acumen). Acumen currently focuses on the manufacture, sale and distribution of COVID-19 diagnostic test kits, as well as COVID-19 testing. It is also working to roll out a pipeline of new tests, including PCR assays for dengue, sepsis and, identification of bacterial pathogens and their associated antibiotics resistance in pneumonia and bloodstream infections.

The Group was listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on 26 November 2009. For more information on the Group, please visit www.QandMDental.com.sg

For more information, please contact:
Waterbrooks Consultants Pte Ltd
Wayne Koo: wayne.koo@waterbrooks.com.sg, +65 9338-8166
Derek Yeo: derek@waterbrooks.com.sg, +65 9791-4707
General: query@waterbrooks.com.sg, +65 9690-4959

Proud Investor Relations partner: https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/

Leon Fuat Records Revenue of RM1.03 Billion for the FY2022

LEON FUAT BERHAD, a manufacturer and trader of steel products specialising in rolled long and flat steel, today announced that the Group reported a 15.6% increase in revenue to RM1.03 billion for the financial year ended 31 December 2022 (FY2022) compared with RM886.58 million recorded for the preceding financial year (FY2021).

For the financial year under review, the Group reported a profit before tax (PBT) of RM36.92 million, a 78.6% decrease compared with RM172.85 million for the FY2021. For the FY2022, the Group registered profit after tax (PAT) of RM29.54 million, a 78.3% decrease compared with RM135.98 million for the FY2021.

The Group reported revenue of RM238.15 million for the fourth quarter ended 31 December 2022 (Q4FY2022), which is a 6.3% decrease compared with RM254.21 million reported for the corresponding quarter of the preceding financial year (Q4FY2021).

For the Q4FY2022, the Group recorded a loss before tax of RM7.49 million compared with PBT of RM38.61 million registered for the Q4FY2021 while a net loss of RM5.14 million was reported for the Q4FY2022 as compared with PAT of RM29.09 million recorded for the Q4FY2021.

For the quarter under review, the trading segment contributed 32.7% to revenue while the processing segment contributed 67.2%.

Calvin Ooi Shang How, Executive Director of Leon Fuat said, “While there was an increase in revenue for the FY2022 attributable to the increase in revenue for both the trading and processing segments of the Group, the gross profit margin decreased by approximately 14.8 percentage points compared to the FY2021 and that has had an impact on the Group’s overall gross profit (GP), which decreased 58.8% to RM91.26 million. The overall GP was also affected by inventories written down of RM12.93 million compared with RM0.37 million for the FY2021 as certain inventories were measured at its estimated net realisable value.”

“The Group will continue to expand market reach leveraging on its diversified customer base comprising small-medium enterprises (SMEs) across various industries. We remain cautious on the outlook for 2023 despite the domestic economy’s growth momentum in 2022 as exports face headwinds while the operating landscape continues to be impacted by inflationary pressure and a weak ringgit, which also affect SMEs. We will continue to take the necessary proactive measures to enhance productivity and efficiency of our operations.”

Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/

Bintai Kinden Posts 9M Revenue of RM93.80 Million

Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company recorded 60.8% gain in revenue to RM93.80 million for the nine months ended 31 December 2022 (9M FY2023) compared with RM58.34 million in the corresponding period of the last financial year (9M FY2022).

The Company reported a loss before tax (LBT) in 9M FY2023 of RM2.22 million compared with profit before tax (PBT) of RM2.62 million in 9M FY2022.

For the third quarter ended 31 December 2022 (3Q FY2023), revenue decreased 22.7% to RM22.36 million compared with RM28.93 million in 3Q FY2022. The Company recorded LBT of RM3.38 million for 3Q FY2023 compared with PBT of RM1.13 million in 3Q FY2022.

En. Azri Azerai, Executive Director of Bintai Kinden said, “The Company’s revenue increase for 9M FY2023 reflected the better contribution from the M&E business. The LBT reflected the higher costs of operations and bad debts incurred in 3Q FY2023. For the quarter under review, revenue decreased due to the lumpiness of projects as the M&E business is highly dependent on the stage of completion of various projects.”

“We expect to see more revenue coming in from the newly awarded projects from Tenaga Nasional Berhad (TNB) over the coming quarters compared to 3Q FY2023 where several of the projects are at the end-stage phase. The Company will continue to assess the risks and opportunities of diversifying into other businesses while ensuring the growth of the M&E business.”

TNB recently awarded a total of RM53.2 million in M&E contracts to the Company for the installation of underground cables, bringing the total unbilled orderbook to RM142.95million.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

Fight Zone’s First Franchised Outlet at Suntec City Opens, with Six More Outlets to Come in 2023

Fight Zone, a born-in-Singapore fitness brand has opened its first franchised outlet at Suntec City. The official opening was attended by more than 50 members of the public and current Fight Zone members on 25 February on a bust Saturday afternoon. Located in the heart of Singapore’s business district, the Fight Zone Performance Centre outlet is the first to focus on physical transformation of clients and muaythai, moving away from just providing high-intensity training.

The Fight Zone Performance Centre at Suntec City is the first of six franchised Fight Zone fitness centres which will open in 2023, as the fitness brand aggressively expands its presence within Singapore.

Apart from personal training with authentic muaythai, the Performance Centre will also feature specialised kettlebell classes and Suples Bulgarian Bag strength and conditioning classes with the sole aim of helping members undergo their fitness and transformation programmes at the Suntec City outlet, with the brand especially targeting busy executives who work within the area.

Said Sasidharan Unnithan, Chief Executive Officer and Founder of Fight Zone, “The Fight Zone Performance Centre at Suntec City aims to help the busy working executive who work and live near the area to transform their lives and to maintain a healthy lifestyle. We are proud that our first franchised outlet is located at Suntec City, the venue where we started building the brand from scratch in 2017. Our next step for Fight Zone would be to take the brand regional to the neighbouring Southeast Asian cities like Kuala Lumpur, Jakarta and Bangkok.”

Fight Zone opened its first outlet in Suntec City in 2017 and have added two more outlets at Velocity at Novena and AMK Hub at Ang Mo Kio since then. The newly opened Fight Zone Performance Centre with its muaythai focus will also help develop the popularity of muaythai as a sport, while it also offers personal training for members.

Added Mr Su YunPeng, owner of the first franchised outlet, “It is an honour for us to own the first franchised outlet of a fast-growing brand like Fight Zone. Fitness is an important aspect of maintaining one’s mental wellbeing. With executives headed back to work following a few years of living with a pandemic, it is our hope that we can provide them with an opportunity to maintain their fitness or transform their lives through personal training.”

Members of the public can sign up as members of the all-new Fight Zone Performance Centre or at any of their other outlets here ( https://www.fightzonesg.com/book-a-trial/ ). Potential business owners looking to start their own Fight Zone franchise outlets can connect with the team here ( https://www.fightzonesg.com/contact/ ).

About Fight Zone

Fight Zone was first conceptualised in 2017 and began with its first fitness outlet in Suntec City. The brainchild of CEO and Founder Sasidharan Unnithan, it was conceptualised with the objective of giving working professionals and fitness buffs an innovative way of keeping fit without taking much too mu h of their daily time. Fight Zone uses various techniques and fitness forms to keep enthusiasts and members engaged throughout their workout.https://www.fightzonesg.com/

Media Contact:
hello@swstrategies.org

AussieBum to Host Event in Support of WorldPride on Friday, 3 March 2023

Sydney-based men’s underwear and swimwear brand, AussieBum, has announced its upcoming event in support of WorldPride, scheduled to take place at The Ark, a private and exclusive tennis centre located in Sydney’s Haberfield on Friday, 3 March 2023.

Fun and Inclusivity: AussieBum’s WorldPride Event

The event, which takes place the day before the Sissy Ball, invites everyone to a fun-filled occasion that promises to be an unforgettable experience. The party is focused on promoting equality, inclusivity, and fun. Attendees will have the opportunity to engage in a range of activities, such as a uniquely named spectacle named the “double slip and slide competition”.

Food vans, drinks, and gifts will also be provided to ensure a memorable and fun experience for all attendees.

The event brings together the Aussie LGBTIQA+ community who get to do something special for their international friends visiting to celebrate the concluding events of the Sydney WorldPride festival.

Gym Facilities and Fun Under the Sun

The event also features a elite gym facility which includes a sauna and circuit gym. For Pilates enthusiasts, there’s state-of-the-art equipment, and for those chasing a pump, a brand new gym is on site.

Sun, Tans, and a Golden Glow

The event runs from 10 am to 1 pm, providing attendees with ample time to soak up the sun before the Bondi Beach Party, Mardi Gras Sissy Ball, and Pride March occurring on the following days. The event will be catered with iconic Aussie food, party anthem music, and guests will have the opportunity to meet some of Australia’s favourite sporting and TV icons.

AussieBum’s event is expected to be a highlight on the WorldPride calendar and attendees are encouraged to arrive early, as the event will be a lockout, and spaces are limited.

A Day of Fun in the Sun

The event is the perfect opportunity for attendees to play tennis with Australia’s elite and best while enjoying a day of fun in the sun. The event promises to be a special and memorable occasion, and with some of Australia’s show business elite already on board, attendees can expect plenty of surprises and delights throughout the day.

Contact & Event Details:

Media Inquiries: Sean Ashby, Founder, AussieBum +61412345624
Email: sean@aussiebum.com

Date of Event: Friday, 3 March 2023 from 10am – 1pm
Location: THE ARK (Haberfield Tennis Centre), 154A Hawthorne Parade, Haberfield NSW 2045. Get off at Hawthorne Stop (15min ride). Signs will direct attendees to the private and exclusive The Ark tennis centre.
Cost: Complementary, limited to 500 guests
AussieBum Website: https://www.aussiebum.com/
AussieBum Instagram: https://www.instagram.com/aussiebum/?hl=en
AussieBum Facebook: https://www.facebook.com/aussiebum/

Palladium One Discovers New Mineralized Chonolith North of RJ Zone and Reports Drill Results for the Smoke Lake Zone, Tyko Nickel – Copper Project, Canada

Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One”) is pleased to report drill results from the Smoke Lake Zone and reconnaissance drilling in the RJ Area, where the Company has discovered a new mineralized Chonolith / Feeder Dyke on the Tyko Nickel – Copper Project, in Ontario, Canada.

President and CEO, Derrick Weyrauch commented, “These latest results confirm the high-grade nature of the deeper portion of the Smoke Lake Zone. The Smoke Lake area continues to suggest the presence of additional mineralization given the presence of ultramafic rocks that were intersected in several holes and IP anomalies that are still to be fully tested.

“Significantly, reconnaissance drilling north of the RJ Zone discovered a new mineralized Chonolith / Feeder Dyke. Importantly, this drill hole (TK22-093 Figure 2) tested a magnetic high with no ElectroMagnetic (“EM”) response. This provides further confirmation of widespread occurrences of Chonolith / Feeder Dyke mineralization on the property, and that these occurrences are not necessarily detectable by airborne EM surveys. Additional drilling at the RJ Zone also returned wide zones (up to 50 meters, Table 1) of at surface disseminated nickel sulphide mineralization similar to historic hole TK16-002 which returned 85.4 meters of 0.5% Ni and 0.2% Cu.

“The 2023 exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder Dyke structures on the 30,000 hectare Tyko Project (Figure 1).”

The 18 holes which comprise the current release were drilled with two drill rigs, a land-based rig in the Smoke Lake Zone and a helicopter portable rig for reconnaissance holes.

The Smoke Lake Zone drilling focused on testing Induced Polarization (“IP”) anomalies (Figure 3) for which Exploration Permits had been received, as well as infill drilling on the deeper part of the Smoke Lake Zone (Figure 4). Ultramafic rocks were intersected (hole TK22-079) in the IP anomaly interpreted to represent the southeast extension of the Smoke Lake Zone (Figure 3). However, further testing is warranted as no sulphide mineralization was intersected and the IP anomaly remains unexplained. The IP anomaly located to the north of Smoke Lake, which also hosts a coincident magnetic anomaly and copper in soils anomaly of up to 195ppm (Figure 3) was tested by hole TK22-095 but also remains unexplained. A yet to be received Exploration Permit is required to fully test this IP anomaly. The presence of several occurrences of ultramafic rocks in drilling, the unexplained IP and soil anomalies suggest that additional mineralization is yet to be found in the larger Smoke Lake area.

The reconnaissance drilling program focused on testing the historic RJ and Tyko zones, a new single line EM anomaly and Interpreted Chonolith Structures (TK22-093). Hole TK22-093 is significant as this target was identified by magnetics alone, with no EM signature and consisted of sheared ultramafic rocks with disseminated nickel sulphide mineralization.

The drilling on the RJ and Tyko zones assisted in establishing the geometry of the mineralization, with the RJ zone confirmed to be dipping steeply to the north, similar to the West Pickle Zone located 3 kilometers to the west. Two 400 meter Borehole ElectroMagnetic (“BHEM”) platform holes (TK22-083 and 085) were also drilled at RJ and Tyko to test for massive sulphide mineralization at depth. Within the typical 200-meter observation radius of the holes, no conductors were identified. Hole TK22-083 at RJ intersect several local zones of scattered disseminated nickel mineralization, locally to 0.6% Ni and 0.26% Cu (Table 1.) indicating that the zone does continue to depth.

The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 27 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed. The survey was designed to refine the geometry of the interpreted feeder dykes / chonoliths across the Tyko project’s 30-kilometer strike length prior to additional drill testing.

Figure 1. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics (“CVG”).
https://images.newsfilecorp.com/files/6502/155807_3d335b08143a2a07_001full.jpg

Figure 2. Plan and stylized long section looking north perpendicular to the interpreted chonolith structures linking the West Pickle, RJ and Tyko zones showing potential for massive sulphide mineralization beyond the depth detectable by the 2021 VTEM airborne survey. Note, hole TK22-093, in the top right corner of the plan map intersected nickel mineralization in a new chonolith structure.
https://images.newsfilecorp.com/files/6502/155807_3d335b08143a2a07_002full.jpg

Figure 3. Smoke Lake area showing all drilling to date, along with IP chargeability anomalies, VTEMax EM trends (dashed white line), Copper in soil anomalies, and ultramafic rock intersects. Background is total field magnetics.
https://images.newsfilecorp.com/files/6502/155807_3d335b08143a2a07_003full.jpg

Figure 4. Plan map of Smoke Lake Zone showing all drilling to date, (red collars are 2022 drill holes, black collars are 2020-2021 drill holes) background is 1st vertical magnetics.
https://images.newsfilecorp.com/files/6502/155807_3d335b08143a2a07_004full.jpg

Table 1: Assay Results: Tyko 2022 Drill Results Smoke Lake, RJ and Tyko Zones
https://www.acnnewswire.com/docs/Multimedia/Low_PalladiumOne202302231.jpg

Table 2: Drill Hole Locations for assay results from this News Release
https://www.acnnewswire.com/docs/Multimedia/Low_PalladiumOne202302232.jpg

QA/QC

The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility.

Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. (“Actlabs”) in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.

About Tyko Nickel – Copper – Cobalt Project

The Tyko Nickel – Copper – Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel – copper (2:1 ratio) project and currently has five known mineralized zones spanning over a 20 kilometer strike length.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.