Aurelius Technologies Berhad (“ATech” or the “Company”) is pleased to announce that its wholly-owned subsidiary, BCM Electronics Corporation Sdn. Bhd. (“BCM”), a provider of electronics manufacturing services (“EMS”) for industrial electronic products, has appointed Mr Lee Siang Tat (“Michael”), 47, as the Chief Operating Officer (“COO”) effective today.
Michael has more than 25 years of working experience in the electronics manufacturing industry, and is familiar with the various operational processes including process and product engineering, equipment and maintenance engineering, cost management, production and operational quality.
He first joined BCM in 2005 and progressed quickly to his last role as the Director of Surface Mount Technology (SMT), Maintenance & Facilities. He was subsequently appointed Chief Operating Officer of EG Industries Berhad in 2020 where he played a vital role steering the group’s overall manufacturing operations, including engineering, production planning and operational quality, to enable the group to achieve its strategic goals.
Mr Loh Hock Chiang, Interim Group Chief Executive Officer (“CEO”) and Chief Financial Officer of ATech, said, “We are still grieving the passing of our co-founder and CEO, late Mr Lee Chong Yeow @ Lee Chong Yan (“Mr Lee”) but we know that he would want us to continue with the plans for the business. We started our succession planning several years back looking for individuals with the right experience and fit for the role. We welcome Michael’s return to the BCM and ATech family and we are sure that his vast experience will add strength to the management team while fulfilling a key position in the operations of the business.”
Michael said, “I would like to express my appreciation to Mr Loh and the late Mr Lee for their confidence in me to re-join ATech. I will endeavour to bring ATech in achieving higher operational efficiency by working closely with the management team as ATech plans its next phase of growth and expansion.”
DBS, Olam International and Marriott Vacations Club Worldwide have emerged as Indonesia’s Best Employers in 2021, according to Kincentric’s premium assessment that identifies organisations who demonstrated outstanding people practices and workplace excellence.
DBS has earned the honours for the third consecutive year, Marriott Vacations Club for the second time in the last three years, while Olam International is a first-time winner. These companies are leading the way by creating engaging environments fostering organisational agility while building engaging leaders.
Companies were evaluated against four research-based elements that are key to accelerating success: Employee Engagement, Organisational Agility, Talent Focus and Engaging Leadership. Kincentric Best Employers in Indonesia were found to be excelling in those areas.
Success Factors
According to Kincentric’s insights, Top Quartile companies are 20% points stronger on Agility scores, and 14% points more committed on Engaging Leadership as compared to their peers. This clearly demonstrates the importance of keeping people at the centre of all business decisions.
In his congratulatory remarks to the Best Employers in Indonesia, Andrew How – Market Leader for Kincentric in Indonesia & Singapore, said, “The pandemic has significantly changed the nature of work and employee expectations at the workplace. It has brought about a fundamental shift in the way companies and their HR functions operate, accelerating the need for an adaptable and agile workforce to bolster business success.
Kincentric Best Employers have consistently risen to these challenges and provided a first-class employee experience to their people along the way. It is this laser sharp focus on people that enables Kincentric Best Employers to be able to meet the ever-changing nature of work and evolving employees’ aspirations.”
Trends from the 2021 Assessment:
– Confidence level among employees at the Top Quartile companies is significantly high as compared to their peers. These companies are 17% points better when it comes to investing in new ideas for future success, 13% points above on customer responsiveness and as well as having a work environment that is diverse and inclusive. – On the personal development front, employees working in the Top Quartile organisations rated them higher by 14% points in supporting their career & development goals and 16% points ahead in terms of managing their strengths and improvement areas. – Leadership among the Top Quartile companies is also rated to be highly engaging by their employees with Senior Leadership being rated more than 10% points above in recognising efforts and results, and in being able to provide clear direction about the future as well as in owning responsibility for solutions.
Commenting on their third consecutive year of recognition, Aries NP Sunu, Country Head of HR, PT Bank DBS Indonesia said, “Being recognised as Kincentric’s Best Employer for three consecutive years is indeed another testament to the continuous effort at DBS Indonesia in constantly improving our employee journey and experience. This award serves as a continuous reminder that we need to consistently improve our performance, working culture, and engagement for our people to be the best, be the change, and be the difference.”
Dedev Parulian, Head of HR, Olam Indonesia, PNG, and Timor said, “It is a proud moment being assessed among Indonesia’s Best Employers. Olam Indonesia has put in great efforts to create the best working place and environment for our employees, especially in terms of building People Capabilities and Fostering High-Performance Culture. These HR best practices have also enabled us to build and maintain a high level of Employee Engagement.”
Kincentric’s global research has shown that given the present challenges around talent retention, employees who do not see good career opportunities or agree with their organisation’s response to their well-being are four times more likely to leave.
Don Agro International Limited (the “Company” or “Don Agro”) and its subsidiaries (collectively the “Group”), one of the largest agricultural companies based in the Rostov region of Russia, is pleased to announce the launch of a joint pilot project with a startup, Octaviana, which produces a new generation of fertilizer called Live Soil(TM).
The main ingredient of this fertilizer is sapropel, also known as bio deposit. This is freshwater organic-rich mud sediment formed from the remains of plankton, water plants, and other marine-dwelling organisms and is the same mud that is used for treatment at balneological resorts. The substance has a complex chemical composition with a broad range of values and is also an efficient and ecologically friendly natural material.
“Our fertilizer is an immunity amplifier and a bio-stimulator for plant growth. It is used as a soil amendment to increase its nitrogen, phosphorous, humus, and microelements’ content and it helps to transfer nutritional elements to plants faster. Sapropel also accelerates plant growth and increases the protein content in wheat”, explained Irina Soloveva, Chief Executive Officer of Octaviana.
She added that Octaviana had recently received a report from the Ministry of Agriculture of the Republic of Angola that indicated faster growth for crops that were treated by Live Soil(TM). Both photos were made on the 42 days after seeds were sown. Plants on the left photo have not been treated with anything while, plants on the right photo were treated by Live Soil(TM).
At Don Agro, seeds of winter wheat that were processed with the Live Soil(TM) have been sown on 210 hectares of arable land.
“We plan to see the result of this pilot project in summer 2022 when we harvest the yields. One of the main benefits of using Live Soil(TM) fertilizers, is that it is basically organic and eco-friendly. Our mission is to be an agricultural company that introduces new technologies to provide a sustainable future for all. Every year we will increase the amount of arable land that is dedicated to no-till farming and organic wheat cultivation. This should help us not only to increase the level of production but also to cut down carbon emissions”, said Ivan Kalaytanov, Chief Agronomist of Don Agro International.
Since the initial public offering in February 2020, the Company had made a number of strategic investments to acquire new machinery and expand facilities in an effort to fuel ongoing growth and sustainable initiatives. In June 2021, Don Agro applied the Cognitive Agro Pilot(TM) autonomous driving system for agricultural machinery to its crop harvesters. This helped to improve productivity and reduce the consumption of fuel and carbon dioxide emissions by 5%.
About Don Agro International Limited
Don Agro is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group is also engaged in crop production in the Volgograd region in Russia. The Group has a total controlled land bank of 67,340 hectares, of which more than 54,420 hectares are arable land. The Group owns approximately 17,200 hectares of its controlled land bank.
The Group’s operations are principally located in the Rostov region, one of the most fertile regions of Russia, situated close to the Azov and Black Seas and the Don River which house major international ports. The Group’s second operating division in the Volgograd region is located in close proximity to key trading routes including the Volga River. This allows the Group’s customers, who are mainly traders and exporters, to save on transportation costs and, as a result, be able to offer higher prices for the Group’s crops. Within the crop production segment, the Group is primarily engaged in the farming of commercial crops such as winter wheat, sunflower, and corn.
In addition, the Group is the largest milk producer in the Rostov region and owns more than 4,000 heads of dairy cattle which includes approximately 2,200 milking cows.
Issued for and on behalf Don Agro by Financial PR For more information please contact: Romil Singh tech@financialpr.com.sg Tel: +65 6438 2990 Fax: +65 6438 0064
Don Agro International Limited (the “Company”) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “Exchange”) on 14 February 2020. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”).
This press release has been reviewed by the Company’s Sponsor. It has not been examined or approved by 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 Mr Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg
Catalist-listed Asia Vets Holdings Ltd. (“Asia Vets Holdings”, the “Company”, and together with its subsidiaries, the “Group”) has entered into a conditional sale and purchase agreement (“SPA”) with RHT AlDigi Financial Holdings Pte. Ltd. (“Vendor”) and AlDigi Holdings Pte. Ltd. (the “AlDigi Group” or the “Target”) on 30th December 2021 to acquire from the Vendor 100% of the ordinary shares in the issued and paid-up share capital of the Target (the “Proposed Acquisition”).
Tan Chong Huat, Chairman of RHT Group of Companies, Tan Tong Guan, Executive Chairman and Chief Executive Officer of Asia Vets Holdings Ltd., and Jayaprakash Jagateesan, Chief Executive Officer of AlDigi Holdings Pte. Ltd. at the signing ceremony. [L-R]
The S$45 million consideration for the Proposed Acquisition shall be satisfied by way of allotment and issuance of 335,436,357 new ordinary shares (“Consideration Shares”) in the capital of the Company at the issue price of approximately S$0.13415 per Consideration Share. The Proposed Acquisition, subject to, inter alia, the approval of the Company’s shareholders, adds an additional revenue stream as well as an opportunity to diversify the Group’s portfolio of businesses. The Company also believes that the Proposed Acquisition has the potential to increase the market capitalisation and widen the investor base of the Company.
Mr Tan Tong Guan, Asia Vets Holdings Executive Chairman and Chief Executive Officer, said, “We have been actively exploring various acquisition opportunities to maximise value for shareholders and enable the Company to achieve higher revenue levels. The Proposed Acquisition, when completed, is expected to enable us to capture opportunities within the fast-growing financial and technology business and we are confident of the industry’s significant long-term growth prospects.”
The Target’s subsidiaries are digital finance and technology firm RHT DigiCapital Pte. Ltd., intellectual property consultancy RHT i-Assets Advisory Pte. Ltd., and its proposed subsidiary, capital markets advisory firm RHT Capital Pte. Ltd. (collectively with the Target, the “Target Group”).
The Proposed Acquisition will enable the Company to build on the Target Group’s established continuing sponsorship and licenced corporate finance business to develop new digital solutions to serve both traditional and digital finance markets.
Mr Jayaprakash Jagateesan, AlDigi Group Chief Executive Officer, said, “We have developed a fintech platform to reshape the capital markets to become the gateway to diverse digital assets and investments, built on a commitment to enhancing efficiency, accessibility and equal opportunity across capital markets and alternative investments. The Proposed Acquisition will further accelerate our efforts to develop new innovative products to capture the fast-growing digital security token economy with a focus on real estate, non-fungible tokens, and environmental, social and governance investments.”
Post-completion of the Proposed Acquisition, the Group will continue to own and operate its veterinary business.
This media release is to be read in conjunction with the full text of the Company’s announcement dated 30 December 2021 released on SGXNET, in relation to the proposed acquisition.
Asia Vets Holdings Ltd. (the “Company”), through its wholly-owned subsidiary, AVH Animal Ark Pte. Ltd. (together with the Company, the “Group”), provides veterinary care and clinical services to small animals in Singapore.
The Group currently operates two veterinary clinics providing a full range of general veterinary services including medical, surgical and dental care for small animals and after-hours emergency services.
The AlDigi Group combines proven expertise and deep experience across capital markets, blockchain technology and intellectual property to deliver next-gen digital finance solutions through the following subsidiaries/ proposed subsidiaries: – RHT Capital – RHT DigiCapital – RHT i-Assets Advisory
The AlDigi Group leverages its proven proprietary institutional grade technology to deliver digital asset solutions across multiple asset classes and sought-after alternative investment products. As part of the ONE RHT ecosystem of multidisciplinary professional services, the AlDigi Group has access to a wide range of expertise including sustainability to add value to its digital asset solutions.
Issued on behalf of Asia Vets Holdings Ltd. For media enquiries, please contact: Elliot Siow Communications Manager RHT Communications & Investor Relations Pte. Ltd. DID: +65 6381 6347 Email: elliot.siow@rhtgoc.com
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone +65 6636 4201.
GS Holdings Limited (“GS Holdings” or the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that its indirect wholly-owned subsidiary, Hao Kou Wei Pte. Ltd. (“HKW”), has set up a new subsidiary, Sing Zhong Brands Management Pte. Ltd. (“Sing Zhong Brands Management”), to manage and operate restaurants and food outlets in coffee shop and food court and also to develop, franchise and manage food and beverage (“F&B”) brands with a primary focus to facilitate its plans to promote and sell food originating from the People’s Republic of China and Singapore.
In addition, Sing Zhong Brand Management has entered into a Letter of Intent with Action Culture Pte. Ltd. (“Action Culture”) with the aim of establishing 10 Chinese F&B brands and 10 Singapore F&B brands, which will be sold as franchise in Asian countries.
With Action Culture’s strong experience and knowledge of the culture and food consumption patterns in both China and Singapore, Action Culture will be responsible for identifying and designing the 10 Chinese F&B brands and concepts as well as sourcing for interested franchisees or investors.
All 20 F&B brands developed will be owned and registered as the intellectual properties of Sing Zhong Brands Management.
Furthermore, by leveraging on Action Culture’s understanding of both countries’ market cultures and its expertise and experience in social media, marketing and content creation, there is good potential for the F&B brands to gain popularity and recognition.
In addition, the Group believes that in executing its plans pursuant to the Letter of Intent, it would be able to contribute towards assisting individuals in realising their aspirations to become entrepreneurs by way of franchise while creating job opportunities in the community.
Under the Letter of Intent, the fees payable to Action Culture will be via the issuance of new shares in the Company based on certain performance targets agreed upon. A definitive agreement will be entered into by the parties after all the other terms for the transaction with Action Culture have been finalised.
Mr. Pang Pok, Chief Executive Officer and Executive Director of the Company, said, “We aim to broadly expand our business presence across high-growth end markets within Asia with new F&B brands, concepts and franchises.
By leveraging on Action Culture’s strengths, there are strong opportunities to drive new growth, while diversifying our revenue base and generating new cashflows.
With aligned interests via a performance-based structure for this business collaboration, we look forward to accelerate our business plans to create new and highly compelling value propositions in Asia’s F&B industry.”
The incorporation of the new subsidiary and the Letter of Intent are not expected to have any material financial impact on the consolidated earnings per share and consolidated net tangible assets per share of the Company and its subsidiaries for the current financial year ending 31 December 2021.
With an aim to diversify its business model and create additional streams of income, GS Holdings Limited (“GS Holdings”) has expanded into various business ventures in the food and beverage (“F&B”) industry.
To harness its growth opportunities, GS Holding is looking to further expand its brand presence across Asia and beyond via new franchising, licensing and distribution models.
This press release has been prepared by GS Holdings Limited (the “Company”) and its contents have been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist.
This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01- 01, Singapore 229957, telephone (65) 6590 6881.
Note: This press release is to be read in conjunction with the SGX announcement released on the same date.
Media & Investor Contacts: Issued on behalf of GS Holdings Limited by 8PR Asia Pte Ltd. Mr. Alex TAN Mobile: +65 9451 5252 Email: alex.tan@8prasia.com
Spritzerwants everybody to have roaring good health in the coming Year of the Tiger by encouraging drinking more natural mineral water during this festive season through the Spritzer Drink, Win & Huat Contest.
The contest runs from 01 December 2021 to 15 February 2022, making this a total of 11 weeks with attractive weekly cash prizes to be won. Prizes include one (1) Grand Prize of Proton X70, eight (8) Weekly First Prize Winners of RM888 cash, and thirty-eight (38) Weekly Consolation Prize Winners RM128 cash.
The participating products in the contest are Spritzer Natural Mineral Water, Distilled Drinking Water, RO Drinking Water, Spritzer Dispenser Series (Hot & Cold Stand Dispenser / Hot & Warm Mini Dispenser / Duotone Mini Dispenser / Water Pump Dispenser), ACILIS by Spritzer Natural Mineral Water, Spritzer SO Tinge!, Spritzer Tinge and, Spritzer Sparkling Natural Mineral Water.
To participate, purchase any of the participating Spritzer product worth RM8 and above at any outlet or e-commerce platform in a single receipt, write your full name as per identity card (“IC”), IC number and email address on the original printed receipt(s), then WhatsApp a picture of the receipt to +6017 671 8310. Remember to keep the receipt for verification purposes.
Buy more and stand a chance to win more. For more info on contest details, kindly log in to spritzer.com.my.
Spritzer has recently won another national award for the water category at the World Branding Awards – Brand of the Year 2021 to 2022 and will continue striving in their efforts of sustainability and giving back to society to provide the best natural mineral water for their consumers.
SGX Catalist-listed Hatten Land Limited (“Hatten” or the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that its wholly-owned subsidiary Hatten Edge Pte. Ltd. (“Hatten Edge”) has entered into a Comprehensive Collaboration Agreement (“CCA”) with global leading information and communications technology (ICT) provider Huawei International Pte. Ltd. (“Huawei International”).
Highlights: – Utilising their respective capabilities in technology, operational resources and business networks, Huawei and Hatten will jointly explore and develop business opportunities in key areas such as Cloud Computing, Virtual World solutions, Digital Entertainment, Data Centres, Renewable Energy, Fintech Infrastructure, among others – The partnership is a testament of Hatten’s ongoing efforts and commitment in its strategic pivot and it will be another important catalyst to accelerate its digital and blockchain business ventures – Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions – Through this partnership, Hatten will focus on the joint development of eco-friendly data centres in Melaka to support Hatten’s ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region – Both companies will also endeavor to develop large scale solar facilities and other renewable energy opportunities in the region that will be managed by the Group
Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise intelligence, renewable energy, data centres, fintech infrastructure in Melaka and the region by utilising their respective capabilities in technology, operational resources and business networks.
Due to the fast-paced digital transformation and impact of the pandemic, Southeast Asia has seen phenomenal growth in digital entertainment, including the gaming and esports sector of which the Malaysian gaming market alone is expected to show an annual growth rate (CAGR 2021-2026) of 9.60%, resulting in a projected market volume of US$676m by 2026. Tapping on the high growth and profitability potentials of the digital entertainment industry, Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions. Currently, HUAWEI CLOUD is one of the world’s fastest growing major cloud service provider.
Likewise in the cloud computing sector, the Southeast Asian cloud market is expected to reach US$40.32 billion by 2025. The Hatten-Huawei partnership will also focus on the joint development of eco-friendly data centres in Melaka to support Hatten’s ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region.
In addition, both companies aim to work on potential opportunities of large-scale solar facilities in the region, thereby augmenting the Group’s sustainability efforts. As a start, Hatten’s first PV project of installing over 6,000 solar panels on the roof of the largest mall in Melaka, Dataran Pahlawan Melaka Megamall, in 2022, will be equipped by Huawei’s smart inverters.
The Company has substantial hospitality and commercial property businesses and assets in Melaka, a UNESCO World Heritage Site which is a major tourist attraction in Southeast Asia. Hatten has recently had undertaken a major strategic review to re-purpose its malls and to pivot its business model towards blockchain-related and digital economy trends as well as opportunities in digital assets.
Hatten’s digital opportunities include building “Virtual” world, starting with a digital twin city of Melaka (“Digital Melaka”), which will contain NFTs, tokens and other digital assets using blockchain and initiatives. HUAWEI CLOUD will endeavour to support Hatten’s strategies and initiatives in blockchain, NFT, ‘green’ and ‘clean’ digital assets, custodian services and other digital asset creation and monetisation activities by providing its latest research and innovations on industrial-grade infrastructure architecture designed for financial institutions.
With the partnership targeted towards the regional markets, there are strong opportunities to leverage on both Huawei and Hatten’s business networks to harness the emerging trends and business opportunities in Asia’s digital economy.
Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten, said: “The Huawei-Hatten partnership is a strong and uniquely complimentary combination. Huawei’s expertise in innovation, technology and complex digital product integrations, and Hatten’s established track record and business network in Malaysia and the region will allow us to build the next generation of cloud solutions, digital platforms and renewable energy solutions.
Together, working as one team, we aim to unlock the full potential of digital transformations and business opportunities within the new digital economies in Asia.”
“HUAWEI CLOUD is excited to be working with Hatten to support its digital related ventures. We believe our technology and innovation will help with the multifaceted needs Hatten has for its strategic pivot,” says Rex Lei, Managing Director of HUAWEI CLOUD Singapore.
About Hatten Land Limited
Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.
Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.
SGX-listed Metech International Limited (“Metech” or the “Company”, and together with its subsidiaries, the “Group”), is pleased to announce that its joint venture company, Asian Eco Technology Pte. Ltd. (“AET”) has entered into a Strategic Collaboration Agreement with Ningbo Meishan, which Zongheng Capital is one of the ordinary partners. Ningbo Meishan with intention to provide funding of US$100 million in AET’s lab-grown diamond business activities through debt and/or equity financing.
Highlights:
– A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds are a sustainable source of this important material – Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications and there are more advancements for diamonds to be used in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others. – AET has the technological capabilities to produce the highest grade of lab-grown diamonds – Ningbo Meishan with intention to provide funding of US$100 million in AET through debt and/or equity financing and the proceeds will be primarily used to increase AET’s lab- grown diamond production capacity and capabilities in Singapore
The funding of US$100 million is for the purpose of increasing AET’s lab-grown diamond production capacity and capabilities. The proceeds will be primarily used for the construction of AET’s lab-grown diamond manufacturing facilities in Singapore.
Zongheng Capital is one of the earliest equity investment fund management companies in China and it was co-founded by the founders and core management team of Alliance PKU Management Consultants Ltd and industry’s top elites. Alliance PKU Management Consultants Ltd is China’s first registered management consultancy company.
Since its establishment, Zongheng Capital has provided management consulting services to more than 5,000 mid-sized and large enterprises, as well as over 500 listed companies.
Zongheng Capital undertakes investments in private and listed companies, specialising in key investment areas that include medical and health (including medical equipment, biopharmaceuticals, medical services, health industry, eldercare services), intelligent manufacturing (including robots, Industry 4.0, Internet of Things), and smart digital solutions (including artificial intelligence, big data, enterprise services and software technology). For more information on Zongheng Capital, please visit http://www.zonghengcapital.com/
Since the announcement on 24 September 2021 in relation to the establishment of a joint venture in the business of lab-grown diamonds between Asian Green Tech Pte. Ltd, a wholly-owned subsidiary of the Company, and X Diamond Capital Pte. Ltd., the Company has made various announcements detailing the development of this lab-grown diamond business.
The Company is currently preparing, and is liaising with its sponsor, to seek its shareholders’ approval for a proposed business diversification of its core business to include the manufacturing and distribution of lab-grown diamonds and such other related activities at an extraordinary general meeting (the “EGM”).
Ms. Samantha Hua, Deputy Chief Executive Officer and Executive Director of Metech, said: “The production of lab-grown diamonds is highly specialised with significant technological barriers.
As such, this US$100 million financing is a clear vote of confidence in AET’s technical expertise and capabilities. It represents a huge step forward in our plans to build on our vision and realise our business ambitions in the global lab-grown diamond market.
This comes at an opportune time when lab-grown diamonds are gaining more consumer acceptance and more importantly, with the unique and extreme properties of diamond, there are more commercialisation of scientific discoveries for industrial applications of diamond in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.”
About Metech International Limited (Bloomberg: CENR:SP / Reuters: METE.SI / SGX Stock Code: V3M)
Listed on the Singapore Stock Exchange, Metech International Limited (“Metech”) has a multi-pronged business model that aligns with the macro trends in the area of environmental and sustainability.
While proactively evaluating new business opportunities to broaden its business model, Metech continues to build on its capabilities and extend the value propositions of its business units.
Issued on behalf of Metech International Limited by 8PR Asia Pte Ltd.
Media & Investor Contacts: Mr. Alex TAN Mobile: +65 9451 5252 Email: alex.tan@8prasia.com
‘Seoul Global Challenge 2021’ organized by Seoul Business Agency (SBA, CEO Kim Hyun-woo), which supports small and medium-sized businesses in Seoul strengthen their competitiveness through assistance in technological development, has reached the finish line of about a year’s journey to reduce particulate matters in the subway and improve air quality.
‘Seoul Global Challenge 2021’ is an international competition hosted by the Seoul Metropolitan Government and organized by SBA that commenced with the objective to find solutions to the challenges facing the international city of Seoul from innovators from around the world.
In the Technology Challenge category, Tallano Technologie from France was honored with the Challenge Plus Award in the field of Reduction of Wear Particles Generation. In the field of Improvement of Removal Efficiency, the Korea Institute of Machinery & Materials and the Industry Academic Cooperation Foundation of Chung-Ang University were awarded the Challenge Award while Sentry Co., Ltd. and K&J Engineering, Ltd each won the Challenge Award in the field of Improvement of Measurement Technique.
The Tallano Technologie team from France won the top prize in the Technology Challenge for a device that reduces the generation of particulate matters through a mechanism that directly sucks the wear particles generated during the braking process. A member from Tallano Technologie said, “By taking the opportunity to participate in this Seoul Global Challenge, we want to present a solution to all underground transportation in the world.”
In the category of Academic Challenge, Lee Ye-wan team, based on the first author of the research paper, won first place in the field of Links between Indoor and Outdoor Air Quality in Subways, while Lee Jong-ki team and Lee Kun-hee team won first place in the field of Reduction of Particulate Matters in Subways and Reduction of Viruses in Subways, respectively. In addition, one team won the second place in each field (3 teams in total); one team won the third place in each field (3 teams in total); and 1-2 teams won the participation award in each field (total of 5 teams).
Kim Seong-min, Managing Director of the Innovation and Growth Division of SBA, expressed that “This process of improving the quality of lives of citizens around the world based on the outstanding technology and research of innovators will hopefully be an opportunity to promote Seoul to the world.
Britania PCL (SET: BRI) is debuting its IPO shares in the stock market, putting forward an impressive performance between 2018 and 2020 with an average annual growth rate of 113%. Revenue during the first 9 months of this year stands at 2,808.57 million baht, growing by 52%. Further plans include 9 new low-rise housing projects next year across the Bangkok Metropolis and certain provinces, valued at 10,800 million baht.
Mrs. Supalak Chanpitak, Chief Executive Officer, BRI, reports that the trading of its IPO shares on the Stock Exchange of Thailand starts today (Dec. 21, 2021) under the symbol “BRI”.
The CEO is confident that the BRI securities will receive a positive response from investors interested in real estate companies. As an expert developer of low-rise housing and a flagship company of Origin Property Public Company Limited, Britania is expected to gain investors’ trust.
Since its inception in 2016, BRI has been growing by leaps and bounds. In 2019, the company launched a single project. That number ballooned to 21 in 2022. Revenues and profits grew in step with the company’s growth. Total revenue in 2018 came in at 515.47 million baht; it grew to 2,342.09 million baht in 2020 at the CAGR rate of 113.16%. The first nine months of this year generated 2,808.57 million baht in revenue, a growth of 52.18% over the same period last year which saw the revenue of 1,845.59 million baht.
Profit, too, took a great leap during that time. In 2018 it stood at 71.65 million baht and grew to 348.72 million baht in 2020. During the first nine months of this year, 452.30 million baht was made in profit, increasing by 55.93% over the same period last year with a profit of 290.08 million baht. The company’s stellar performance stemmed from launching of projects in locations that matched the need for housing as cities together with infrastructures and transportation systems grew.
Mrs. Supalak says the proceeds from the capital raised in the SET will be invested in project development, and used to pay loans and maintain cash flow. Plans have been set for 2022 to develop nine new projects at the cost of 10,800 million baht by highlighting the brands “Britania” and “Grand Britania” to attract clients at the middle and upper levels in Bangkok and vicinity as well as provinces with high potential. Provinces targeted include Rayong and Udon Thani. Rayong is an important part of the Eastern Economic Corridor (EEC) and is home to several industrial estates. Udon Thani, meanwhile, is a leading economic province in the northeast, having a large population with high purchasing power.
Mr. Pongsak Phrukpaisal, Managing Director, Kasikorn Securities Public Company Limited, as the IPO’s financial advisor and underwriter, says Britania PCL is a highly successful real estate company. Its first IPO offers 252.65 million shares at 10.50 baht a share, which will yield a total of 2,652.83 million baht.
Britania, he says, has been growing rapidly, having launched new projects continuously, with the result that income and profit have grown in step. The company is capable of managing capital efficiently, generating admirable rates of gross and net profits. Its consistent pace of growth means it could take advantage of the economy of scale in terms of negotiating lower prices for construction materials. It is also able to manage other costs efficiently. In addition, the company has received support from its parent company, Origin Property PCL, boosting its ability to gain advantage even more from the economy of scale and benefitting from new innovative researches conducted by the ORI Group.
Mr. Payupat Mahabhol, Managing Director, Yuanta Securities (Thailand) Company Limited, co-financial advisor and underwriter, adds that Britania is a premier real estate developer of low-rise housing projects with a long-term growth potential as it spans out across the Bangkok Metropolis as well as leading provinces in various regions across the country.
Mr. Payupat points out that the real estate sector is benefiting from the economic recovery that is underway. At the same time, the Bank of Thailand (BoT) has further eased the loan-to-value (LTV) ratio for mortgage lending to allow homebuyers to borrow loans of up to 100% of the property value. This will be a positive factor contributing to the growth of the real estate sector and boosting the number of projects to be launched by Britania.
Released by Public Relations Dept., MT Multimedia Co. Ltd. for Britania PCL For more information, please contact: Orn-anong pattaravejkul Tel: +66-86-801-8888, +66-99-194-6597 Email:Â ornanong.p@mtmultimedia.com
