Bird House Cafe & Bar Opens in the Heart of Bangkok Catering to Tastebuds of All Ages ACN Newswire

Bird House Cafe & Bar Opens in the Heart of Bangkok Catering to Tastebuds of All Ages

BANGKOK, Nov 6, 2024 - (ACN Newswire via SeaPRwire.com) - Tourists, visitors and passersby around Bangkok’s Sukhumvit district looking for a place to dine now have one more option to choose from. Bird House Cafe & Bar opened in July 2024 with the aim to be an all-day comfort place for patrons of all ages.Bird House Cafe & Bar boasts a unique range of beverages at its cafe, including (from left to right): Lime Soda with Anchan Flower, Iced Tea with Honeycomb and Espresso Orange.Located right in the centre of The Racquet Club’s new community space, RQ Bite 49, Bird House is a two-storey glasshouse cafe by day, and bar by night, offering an extensive menu ranging from beers to burgers, and wine to sandwiches.Open daily from 8am till midnight, Bird House boasts a unique range of beverages at its cafe. Caffeine connoisseurs can sip on unique blends of coffee sourced directly from Ethiopia, Brazil and within Southeast Asia, with unique beverages like Espresso Orange, Espresso Passion Fruit and Ice Whiskey Latte. The cafe also serves familiar beverages like Americanos, Lattes, Mochas, Matcha and juices. By night, the cafe transforms into a bar serving American craft beer Sierra Nevada, Spanish lager Mahou, Belgian ale Duvel and more, to cater to the nighttime crowd.The cafe serves a range of sweet and savoury treats, such as sandwiches, muffins, croissants and cookies. Patrons looking for a meal can turn to Goodburgs, the hole-in-the-wall take-away burger outlet next door. Goodburgs is known for its smash burgers and fries, suited for all taste buds, and offers up to nine different types of sauces and three types of loaded fries - BBQ Pulled Pork, Chilli Cheese and Oklahoma Blue Cheese.Bird House and Goodburgs founder Nikhil Rattanaphas said, “The food and beverage industry is constantly evolving, and it is crucial for business owners to be aware of the ever-changing environment. While we originally intended Bird House to be a bar, we saw the opportunity to open for longer hours and serve customers throughout the day, especially at our location beside The Racquet Club. I am grateful to my investor, advisor, and most importantly, friend, Thanit Apipatana who suggested the strategic location for the cafe and bar.”Apipatana, a Bangkok-based entrepreneur and investor, commented about how he saw the location as ideal for Nikhil’s F&B venture. “I visit The Racquet Club frequently and have been in conversations with Nikhil to set up his own F&B establishment. I saw this place as an opportunity for an establishment to attract customers of all ages, as its unique location attracts different footfall traffic throughout the day. Nikhil took my advice and now he has his own cafe and bar serving different menus to cater to customers of all ages throughout the day,” he said.Patrons can enjoy a range of food beyond what the cafe and bar offers, as Bird House has a unique and welcoming policy which allows customers to bring outside food and dine in the cafe as long as they order a drink. The variety of food offered at RQ Bite 49 includes Korean street food, gelato and patisserie, as well as fresh, made-to-order pizza among others.Nikhil expressed gratitude towards Apipatana for his expertise as an advisor and investor. “Apipatana not only shared his experiences in growing businesses, which helped me develop Bird House to offer unique products and services to our customers. His expertise and insights provided me with strategic guidance, and helped me navigate the complexities of the business landscape. The partnership with Apipatana built on trust, mutual respect and aligned goals, was a cornerstone of the success of Bird House,” he said.From an extensive range of unique menu items to serving high-quality beers at competitive prices, such as Sierra Nevada on tap, Bird House aspires to be an all-day dining establishment catering to residents, visitors and patrons of all ages, lifestyles and needs.“Bird House is up and running, and will be a long-standing fair place giving people what they want. The business landscape is going to be challenging, but Bird House offers a variety and we are confident that the business can grow in time to come,” Nikhil added.Bird House Cafe & BarBird House Cafe & Bar is located at 3 unit no. RQ.7 001, Soi Prachankadee 3 (Sukhumvit 49/9), Klongton-Nua, WattanaFacebook: https://www.facebook.com/birdhousebkkInstagram: https://www.instagram.com/birdhouse.bkk/ Copyright 2024 ACN Newswire via SeaPRwire.com.
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ALMAC to open mid-November ACN Newswire

ALMAC to open mid-November

- The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) will take place on 18 and 19 November at the Hong Kong Convention and Exhibition Centre- Under the theme of “Shaping the Future of Supply Chains: Resilience and Sustainability”, ALMAC aims to strengthen Hong Kong's position as an international shipping centre, in alignment with the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and measures proposed in the latest Policy Address- Around 80 distinguished speakers will delve into discussions on how to create resilient and sustainable supply chains- 2,000+ participants from more than 30 countries and regions are expected to attend- Discussions will focus on 3 major trends - supply chain diversification, sustainability and green energy and innovation and technologyHONG KONG, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), will take place on 18-19 November at the Hong Kong Convention and Exhibition Centre.Under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”, the event aligns with the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and supports measures proposed in the latest Policy Address to reinforce Hong Kong’s status as an international shipping centre and aviation hub and to foster the development of the city’s maritime industry. In addition to around 80 heavyweight speakers, the conference is expected to attract over 2,000 participants from more than 30 countries and regions to explore the latest trends and business opportunities in the aviation, logistics and maritime sectors, and to promote high-quality development of the logistics and supply chain management industry.Stephen Liang, Assistant Executive Director, HKTDC said: “As the flagship supply chain event in Asia, this year’s ALMAC presents an impressive line-up of experts from the aviation, logistics and maritime sectors, with a wide coverage of countries and regions, including Middle East, Central Asia and other regions, demonstrating Hong Kong's strength as a platform for international trade and investment. In addition to the attendance of Fu Xuyin, Vice Minister of the Ministry of Transport, People’s Republic of China, for the first time a number of ASEAN officials are invited, including Loke Siew Fook, Minister of Transport Malaysia, H.E. Heng Nan, Secretary of State, Ministry of Public Works and Transport, Cambodia, H.E. Saysongkham Manodham, Vice Minister of Public Works and Transport, Lao PDR and Nguyá»…n Xuân Sang, Deputy Minister of Transportation, Vietnam. The support of leaders from these ASEAN member countries reinforces Hong Kong's position as a superconnector and an international shipping centre and aviation hub.”He said: "HKTDC has been promoting the advantages of Hong Kong's eight centre priority sectors and strengthening the development of high-value supply chain services. We encourage companies to leverage our trade platforms and activities and capitalise on Hong Kong's international platform to explore global opportunities."Three major trends in the logistics service industryThis year’s ALMAC will address three major trends in the logistics service industry: supply chain diversification and market opportunities, sustainability and green energy, and innovation and technology. The global landscape is rapidly changing and supply chain management plays a pivotal role in driving long-term business development. In addition, sustainability has emerged as a paramount focus for businesses aiming to future-proof their operations while innovative technologies and digitalization, such as AI, big data, robotics and drones, offer promising solutions to improve the efficiency of global value chains.Featured speakers include Dr Shamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & Development; Dr Erez Agmoni, Head of Innovation (Logistics & Services), Maersk; Achim Martinka, Vice President Global Airfreight- Commercial & Sustainability, DSV; Arjen van Diepen, Head of Global Strategic Planning, The HEINEKEN Company; Bjoern Neal Kirchner, Corporate Vice President Supply Chain Management, Henkel; Rebekka Carey-Smith, Head of Sustainability, THE ICONIC; Nicholas Borsotto, Head of Lenovo AI Innovators and many more.Two debut thematic sessions exploring new trade lines and green energyDisruptions in supply chains have highlighted the vulnerabilities of relying on a single supply and distribution network. To build more resilient networks, businesses are exploring new trade routes to minimise the impact of disruptions on operations and customers.To examine new trade routes and opportunities for supply chain diversification and risk mitigation, a debut panel discussion “Navigating New Trade Lines for Mitigating Disruptions” will feature speakers such as Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals Limited; Eng. Loay Mashabi, Managing Director, Saudia Cargo; David O. King, Senior Vice President, Commercial, SEKO Logistics, Delia Sun, Global Head of Supply Chain, DKSH; and Louis Tang, Managing Director, Ocean Network Express (East Asia).The Policy Address proposed developing Hong Kong into a leading green international maritime centre. To explore long-term sustainable solutions, strategies and technologies that facilitate energy transition, this year's conference will include an inaugural “Green Energy Forum: Energy Transition towards Net Zero Emissions”, which will be hosted by Peter Thompson, East Asia Energy Business Leader, Arup. Speakers including Scott Childress, Chief Sustainability Officer, UPS; Marcella Franchi, Chief Marketing Officer and Head of SAF, Haffner Energy; Paolo Gallieri, Chief Operation Officer, Zhero; Neil McDonald, Managing Director, Gold Hydrogen Limited; Benjamin Mee, Executive Director, HyTerra Ltd.20 thematic forums and workshops over two daysTogether with forums related to the 3 major trends, ALMAC will feature some 20 thematic forums and workshops, including special sessions on air freight, shipping, supply chain management and logistics. The Global Spectrum session on the first day, Navigating Global Supply Chains for Inclusive Growth, will explore how governments and businesses can mitigate the impact of supply chain disruptions on global trade.Shippers are key stakeholders in the logistics industry, accounting for one-third of ALMAC participants last year. Speakers from international brands, including leading fashion brand THE ICONIC, electronics brand Lenovo, food and beverage brands such as MondelÄ“z International, Heineken and Henkel, and fast-moving consumer goods company Reckitt will shed light on supply chain transformation and development.ALMAC will continue to host a series of workshops this year, covering topics including e-commerce, youth development, and new subjects including Halal Logistics and sustainable fuel. Industry experts from Shell Aviation, Hong Kong Air Cargo Terminals Limited, Arup, and DKSH will provide practical, hands-on tips for participants. The debut workshop titled “Seamless Integration of Halal Logistics in the Global Halal Supply Chain” will delve into strategic approaches to the seamless integration of halal practices across the entire supply chain process, and how businesses can achieve halal compliance.Hong Kong’s NextGen Logistician Awards promotes the logistics industryThe Hong Kong’s NextGen Logistician Awards Presentation Ceremony will take place on the second day of the conference. It is a new annual award for the logistics industry advocated by the Transport and Logistics Bureau in the Action Plan on Modern Logistics Development and jointly organised by the Hong Kong Shippers' Council and the Hong Kong Logistics Association with the support of the Hong Kong Logistics Development Council and the Hong Kong Trade Development Council. It aims to recognise young talents in the logistics industry who have made significant achievements and shown remarkable potential in innovative, high-end, smart and green logistics. The Secretary for Transport, Lam Sai-hung, will attend the Ceremony.Exhibition area to feature three major air cargo terminalsALMAC will also feature some 90 exhibitors to showcase the latest supply chain management and logistics technology solutions in three exhibition zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services. The “Logtech Salon”, which was first held last year, showcases artificial intelligence, big data and cloud technologies applicable to the industry. Three of Hong Kong’s major air cargo terminals, Hong Kong Air Cargo Terminals, Cathay Cargo Terminal, and Asia Airfreight Terminal will participate in the exhibition, together with other leading companies such as Mitsui O.S.K. Lines, Ocean Network Express. The Hong Kong Association of Freight Forwarding and Logistics and Hong Kong Science and Technology Parks (HKSTP) will host exhibition pavilions.Business matching sessions will continue to be offered to bring together shippers and service providers to create business opportunities and promote industry development.Photo download: https://bit.ly/3Cbp2IhStephen Liang, Assistant Executive Director, HKTDC (second left); Frankie Yick, Chairman, HKTDC Logistics Services Advisory Committee and Legislative Council member (Functional Constituency - Transport) (second right); Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals Limited (first right); and Gary Lau, Chairman, Hong Kong Association of Freight Forwarding and Logistics Limited (first left), took part in the ALMAC media briefing Media enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’ ACN Newswire

Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’

HONG KONG, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (“Champion REIT” or the “Trust”) (Stock Code: 2778), owner of Three Garden Road and Langham Place, has achieved its second consecutive highest five-star rating, alongside receiving the prestigious titles of “Global Listed Sector Leader”, “Regional Sector Leader (Asia)”, and “Regional Listed Sector Leader (Asia)” under the “Diversified Office/Retail Sector” category in the 2024 GRESB Real Estate Assessment. This inaugural attainment of these esteemed accolades marks a significant milestone for the Trust.GRESB is a leading global sustainability benchmark within the real estate industry. In the 2024 Global Real Estate Assessment, more than 2,200 organisations took part, including over 208,000 assets in 15 sectors across 80 countries.Champion REIT demonstrated exceptional performance in this year’s GRESB assessment, achieving full points in the aspects of Leadership, Policies, Reporting and Risk Management, Targets and Building Certifications. Receiving the top honour as Sector Leader reflects the Trust’s unwavering commitment to its net-zero goal and ongoing efforts to create a smart and sustainable building environment for its tenants and visitors.The Trust also takes pride in being awarded the Grand Award of the GRESB x HERA Standing Investment Benchmark Award for Mainland China and Hong Kong at the Hong Kong ESG Reporting Awards 2024. The acknowledgement reflects the collective efforts of Champion REIT with its tenants and business partners in driving stakeholder engagement and achieving operational excellence.Ms Christina Hau, Chief Executive Officer of Champion REIT, said, “Being recognised as a Global Listed Sector Leader by GRESB and receiving the Grand Award from HERA underscores Champion REIT's leadership and efforts in sustainability. Over the years, we have been leveraging new technologies and innovative solutions to maximise our environmental performance and sustainable practices. I extend my gratitude to our team, tenants, business partners and those who have been part of this shared journey with us. Such recognitions motivate us to explore further sustainability innovations, while we remain committed to working closely with our stakeholders to foster sustainable value creation.”Champion REIT prioritises sustainability, innovation and partnerships as key focus areas. Its noteworthy accomplishments include Three Garden Road becoming Hong Kong's first "Quadruple Platinum" Grade-A office in the existing building certification category. The Trust actively fosters collaboration among stakeholders to promote sustainable development and social benefits through initiatives such as the “Champion REIT ESG Week” and the “EcoChampion Pledge Programme”.Photo caption: Champion REIT has been recognised as the “GRESB Global Listed Sector Leader”, achieving its second consecutive highest five-star ratingChampion REIT takes pride in being awarded the Grand Award of the GRESB x HERA Standing Investment Benchmark Award at the Hong Kong ESG Reporting Awards 2024 ceremonyAbout GRESBGRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making.About Hong Kong ESG Reporting Award (HERA)HERA is organised by Hong Kong ESG Reporting Awards Limited, a registered non-profit organisation. Since 2022, HERA has partnered with GRESB to introduce two award categories, "Excellence in Real Estate" and "Excellence in Infrastructure." The two awards use information from GRESB Assessment results to determine eligible companies, based on their GRESB Score and GRESB Rating.About Champion REIT (2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income-producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust has been awarded the top five-star rating by GRESB since 2023.Website: www.championreit.com Media Enquiries:Strategic Financial Relations LimitedVicky LeeTel: 2864 4834Email: vicky.lee@sprg.com.hkCynthia NgTel: 2114 4952Email: cynthia.ng@sprg.com.hkTheresa OuyangTel: 2864 4848Email: theresa.ouyang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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With interest rate cuts taking effect, CWT hopes to take advantage of the favorable macro trend

HONG KONG, Nov 4, 2024 - (ACN Newswire via SeaPRwire.com) - In recent weeks, both the Hong Kong and A-shares markets have experienced significant volatility. Following the U.S. Federal Reserve's larger-than-expected interest rate cut on September 19, the markets saw a strong rebound. On September 27, the People's Bank of China announced its largest economic stimulus plan since 2020, which included rate cuts, counter-cyclical monetary policy adjustments, greater-than-expected funding support, the creation of new monetary policy tools to stabilize the stock market, and the injection of approximately 1 trillion yuan (approximately US$141.82 billion) of long-term liquidity into the financial markets. These comprehensive supportive policies further boosted market enthusiasm. The Hang Seng Index in Hong Kong peaked at 23,241.74, while the A-shares market gapped up after the National Day holiday, reaching a high of 3,674.40. Both markets saw significant increases in trading volumes, indicating strong market interest.Market data shows that foreign capital inflows have been another driving force behind Hong Kong’s stock market. According to market data, since September, overseas funds have turned into net inflows for the Hong Kong stock market. From mid-September onwards, net inflows from international intermediaries reached HKD 39.6 billion, surpassing the HKD 20.5 billion in net inflows from Mainland China into Hong Kong.Following a sharp short-term rise in Chinese assets, there has been some market correction as investor sentiment cools and profit-taking ensues. However, from a long-term perspective, this correction is necessary. Rather than a speculative bull market, a more structured and gradual rally is healthier for the market and helps investors generate sustainable returns. Over a longer time horizon, the Hong Kong stock market has been undervalued in the past, combined with the liquidity provided by the Federal Reserve's subsequent interest rate cuts and a more comprehensive market turnaround driven by multiple favorable policies. The signals indicating a bottoming out of the Chinese economy are gradually becoming clearer, and the economic fundamentals are improving step by step, suggesting that there is still significant room for growth in the Hong Kong stock market. At the same time, the growth of China's economy has led to an increased demand for commodities and logistics services. In the Hong Kong stock market, there is a company that has been continuously focused on commodities and logistics services.CWT International Limited ("CWT INT'L", 0521.HK, the "Company" together with its subsidiaries the “Group”) is a public limited company incorporated in Hong Kong and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited. The controlling shareholder of the Group is HNA Trust Management Co., Ltd, and the resource endowment of shareholders is a major competitive advantage of the Group. In the first half of 2024, CWT had revenue of 20.276 billion HKD, an increase of 27% from previous year, and a net profit of 121 million HKD.The Group operates its business through four major segments. The logistics services segment is engaged in the provision of services including warehousing, transportation, freight forwarding, and supply chain management. The commodity marketing segment is engaged in physical trading and supply chain management of metals and minerals, mainly non-ferrous base metals such as copper, aluminum, and zinc, as well as energy products. The financial services segment is engaged in the provision of financial brokerage services, and asset management services. The engineering services segment provides engineering maintenance for facilities, vehicles and equipment fleet, and design-and-build solutions for logistics properties. The Group's two major businesses segments: logistics services and commodity marketing, constitute the Group's main source of revenue and profit. The Group continues to promote synergy among all segments, to optimize operating processes and improve supply chain efficiency.CWT originates in Singapore and remains as one of the largest warehousing and logistics service providers in Singapore. The Group continues to explore business opportunities in Greater China and Southeast Asia countries through many routes, such as establishing strategic cooperation and joint venture with local business partners. Since the initiation of the strategic cooperation with Hainan Yangpu Holding Investment in April 2024, the Group has facilitated a number of visiting delegations and exchange activities among the Group, business and industrial experts from Singapore, and local organizations in Hainan, in order to evaluate potential investment and business development opportunities in Hainan Free Trade Port. Meanwhile, on the occasion of the 50th anniversary of diplomatic relations between China and Malaysia, in May 2024, the Group signed a memorandum of understanding with a wholly-owned subsidiary of the global commodities warehousing company Access World Group, in order to extend further collaboration in the area of commodity marketing and logistics.As the Group’s footprint in Greater China and Southeast Asia continues to deepen, its relentless focus is to learn from its experience and copy the success in Singapore and other global regions, to contribute to the economic growth and sustainable development in the regions that it operates, and to create more value for the Shareholders. Looking forward, in addition to operating the business with caution, the Group will promote deeper internal synergy, continue to expand its global commercial network, and seize further growth opportunities in Greater China and other regions to maximize the shareholders’ interests and earn a brighter future. Copyright 2024 ACN Newswire via SeaPRwire.com.
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APTEXPO 2024 To Empower Asia Pacific’s Fashion And Supply Chain Decision Makers For The Future ACN Newswire

APTEXPO 2024 To Empower Asia Pacific’s Fashion And Supply Chain Decision Makers For The Future

SINGAPORE, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - As policy, regulatory, and market forces create new sustainability and operational considerations in business, the Asia-Pacific region is at the cusp of change. As the cornerstone of global textile and garment manufacturing, it is brimming with companies trying new things and coping with the new demands of a changing world.Taking place from 13 to 15 November 2024 at the Sands Expo and Convention Centre in Singapore, the Asia-Pacific Textile and Apparel Supply Chain Expo & Summit (APTEXPO 2024) will bring industry leaders, stakeholders, and innovators together to share best practices and explore solutions that will propel the region's textile and apparel supply chain forward.The event is jointly organised by MP Singapore and The Sub-Council of Textile Industry, CCPIT (CCPIT TEX), and hosted in Singapore by the Singapore Fashion Council.In line with this year’s theme, "Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain", APTEXPO 2024 will see over 20 leaders and experts such as Kristen Nuttall, Head of Programs, The Fashion Pact, and Jonas Wand, Chief Executive Officer and Co-founder, FOURSOURCE, take to the stage to discuss challenges and opportunities faced by global supply chains and explore different ideas in digitalisation, sustainability and risk resilience.Highlights of APTEXPO 2024 include:Global perspective: Representatives of key global brands, heads of manufacturing chain enterprises, and executives of fintech companies will engage in in-depth discussions on topics such as supply chain security trends and opportunities for regional trade and investment.Frontier Technology & Digitalisation: Showcase cutting-edge technologies and solutions to promote innovation, development, operational efficiency, cost and resource optimisation in the textile and apparel industry.Cross-border trade: Utilising global e-commerce platforms to build a new network enabling cross-border trade between the Asia-Pacific region and the global market. APTEXPO also aims to provide a channel for international organisations and brands seeking to penetrate key markets like ASEAN and China.Green procurement: Key discussions and showcases on sustainable manufacturing and a green supply chain.The summit will also feature special investment briefing sessions on the Asia-Pacific Textile Industrial Park to provide participants with greater insights into promotional and investment opportunities.“We are pleased to be playing an important role in supporting long-term, purpose-led value creation in fashion and its supply chains. APTEXPO 2024 is set to encourage much needed conversation, insight-gathering and collaboration for companies navigating the opportunities of this new, changing landscape,” said Sharon Lim, President, Singapore Fashion Council.Over 300 delegates from key brands, large chain retailers, regional and international designers, trading companies, policymakers, and technology providers from around the world are expected to attend the accompanying thought-leader summit.“Looking at the numerous registrations and interest that have come from over 30 economies, we have been so encouraged to see the market interest in APTEXPO 2024. The idea of an event that brings together the whole ecosystem from garment and textile manufacturers, to warehousing and transportation, distribution and sales, including e-commerce platforms, financing solutions and more, seems to echo the buyers’ sentiments for such a turnkey platform," said Jason Ng, Managing Director, MP Singapore.APTEXPO 2024 is supported by the ASEAN Federation of Textile Industries (AFTEX) and the China National Textile and Apparel Council (CNTAC) and co-organised by MP Singapore Pte Ltd and The Sub-Council of Textile Industry, CCPIT (CCPIT TEX). The Singapore Fashion Council (SFC) is the host association in Singapore, while FOURSOURCE, as the special digital partner, is managing the digital aspect of the event.For more information on APTEXPO 2024, please visit ap-texpo.comHashtag: #aptexpohttps://ap-texpo.com/https://www.linkedin.com/company/aptexpo-2024https://www.facebook.com/aptexpo2024/About AFTEXASEAN Federation of Textile Industries (AFTEX) was established in 1978 with the objective to promote common trade position and cooperation among textile and apparel industry in ASEAN member countries in line with the objective of the ASEAN Chamber of Commerce and Industry (ASEAN-CCI).Every year, AFTEX hold its regular meetings plus side events on a rotational basis among member countries to discuss concrete issues of significant relevance to the regional growth and development of the textile and apparel industry, ranging from ASEAN trade linkages to workforce development, from trade fairs & investment promotion to sustainability issue, from regional cooperation to broader partnerships, and more.About CNTACChina National Textile and Apparel Council (CNTAC) is a national federation serving China's textile and apparel industry and enterprises. As a non-profit social organisation dedicated to the high-quality development of industry and enterprises, the services of CNTAC cover the entire textile industrial chain including cotton, linen, wool, silk, knitting, man-made fiber, printing and dyeing, filament fabric, home textiles, industrial textiles, clothing and textile machinery.The wide-ranging services involve areas such as R&D, standards setting, technology transfer, application of information technology, environmental protection, sustainability, inspection and testing, new products, fashion designing, branding, social responsibility, intangible heritage, marketing, trade fairs, industrial layout, industrial clusters, overseas investment, international exchanges, industry- finance integration, training programs and publication.About SFCSingapore Fashion Council (SFC) - formerly known as Textile and Fashion Federation (Singapore) is the official association for the textile and fashion industry in Singapore. Embracing a transformative vision, SFC aspires to become a Vibrant Asian Hub for Responsible Fashion.With a focus on three key pillars: Sustainability, Innovation & Technology and Asian Craftsmanship, SFC works closely with diverse partners across the value chain to offer thought leadership, extensive networks, and resources - to drive impactful change throughout the ecosystem.About MP SingaporeThe MP Group (MP) is a global full-service events management, marketing and community engagement company.Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.About CCPIT TEXThe Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) was officially established in 1988. Three decades after its establishment, CCPIT TEX has gradually developed into an excellent organiser for professional exhibitions in China's textile and apparel industry.Independently or along with its partners, CCPIT TEX has organised a series of world-renowned exhibitions which cover the entire textile and garment industry both at home and abroad, including but not limited to Intertextile shanghai apparel fabrics, Intertextile shanghai home textiles, ITMA ASIA + CITME and CINTE.About FOURSOURCEFOURSOURCE, is one of the world's largest tech-enabled B2B apparel and textile networks, connecting over 50,000 companies across 120 countries, facilitating the buying and selling of apparel, fabrics, trims, yarns, and home textiles. The network provides professional tools for brands and suppliers to speed-up their cycle time and reduce cost.FOURSOURCE is dedicated to making the industry smarter, safer, more transparent, and sustainable. The company was founded in 2017 and is headquartered in Berlin, Germany, with offices in Portugal, Turkey, Pakistan and China.Media ContactPRecious Communicationsaptexpo@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Source Intelligence Evolves With C-Map: Delivering Next-Generation SaaS Platform for Compliance & Sustainability ACN Newswire

Source Intelligence Evolves With C-Map: Delivering Next-Generation SaaS Platform for Compliance & Sustainability

SAN DIEGO, CA, Nov 5, 2024 - (ACN Newswire via SeaPRwire.com) - Source Intelligence has evolved with C-Map, a next-generation software as a service (SaaS) platform that empowers enterprises to manage compliance and sustainability with greater efficiency. Designed to address the increasing complexities of today's regulatory landscape, this powerful platform combines robust automation capabilities, Artificial Intelligence (AI), and in-house regulatory expertise to help companies tackle increasing compliance demands and mitigate emerging risks.Source IntelligenceSource Intelligence's logo and tagline - "Trust Your Source"With regulations evolving faster than ever, compliance teams often struggle with limited resources. Collecting supplier data, responding to documentation requests, and keeping up with shifting requirements create considerable challenges. C-Map reduces manual effort, streamlines workflows, and equips businesses with tools to mitigate risk. These efficiencies translate into tangible outcomes, including:Rapid risk identification: AI capabilities improve data quality and deliver insights into key risk areas faster. This offers companies better visibility and a stronger return on investment.Enhanced risk mitigation through precise data collection: Expert-designed templates and assessments help standardize data collection. This allows teams to make informed decisions and address potential risks before they escalate.Seamless data access with integrated compliance tools: A world-class database integrates with ERP, PLM, and warehousing systems. These integrations enable seamless data exchange, automate compliance checks, and offer real-time visibility into supply chain activities.Increased efficiency through streamlined workflows: Automated workflows ease internal workloads, enabling businesses to manage compliance and sustainability without relying on consulting or manual labor.Faster customer request fulfillment: Automated report and declaration generation reduces manual work. This helps companies respond to customer requests quickly and meet demand effectively.Together, these outcomes empower businesses to reduce risk, enhance efficiency, and maintain control over compliance in a dynamic regulatory environment."C-Map represents a significant step forward for Source Intelligence," said Mike Flynn, Chief Product Officer of Source Intelligence. "We recognized that the only way to help businesses tackle increasingly complex regulations was to deliver a platform that offers scalability, flexibility, and automation. Our software is trusted by some of the world's largest and most sophisticated companies to manage compliance at the highest levels, proving its reliability and impact."With enhanced visibility and control over compliance tasks, businesses across industries - including electronics, medical devices, and industrial manufacturing - can confidently navigate evolving regulations. C-Map offers the flexibility to be self-managed or paired with managed services for additional support. Interested organizations are invited to schedule a demo and experience the platform firsthand.About Source IntelligenceSource Intelligence simplifies compliance, sustainability, and ESG management through scalable SaaS solutions and managed services, configurable to meet the unique needs of any enterprise. For more information, please visit www.sourceintelligence.com.Contact InformationAmanda LindbergDirector of Marketingamanda.lindberg@sourceintel.comSOURCE: Source Intelligence Copyright 2024 ACN Newswire via SeaPRwire.com.
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LQR House Inc. Reports 424.58% Year-Over-Year Revenue Growth in October 2024 Compared to October 2023 ACN Newswire

LQR House Inc. Reports 424.58% Year-Over-Year Revenue Growth in October 2024 Compared to October 2023

MIAMI BEACH, FL, Nov 4, 2024 - (ACN Newswire via SeaPRwire.com) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is pleased to announce significant revenue growth for October 2024, including a 424.58% year-over-year increase compared to October 2023 and a notable month-over-month increase in 8% from September 2024 to October 2024.In October 2023, LQR House generated $45,400 in revenue. For September 2024, the Company's revenue reached $238,159.57, highlighting the positive momentum driven by strategic partnerships and platform sales. Since going public in August 2023, LQR House has prioritized building sustainable partnerships, adding new marketing contracts monthly. These partnerships have become a steady source of recurring revenue, with clients engaging LQR House's proprietary marketing services to drive brand awareness and sales on CWSpirits.com.Sean Dollinger, CEO of LQR House, commented, "I'm not sure everyone realizes just how valuable these partnerships are-they're monthly recurring revenue from brands paying for our marketing services, including banner ads, email campaigns, and influencer content. Each of these drives traffic and sales on CWSpirits.com, which we own. We're incredibly proud of each new partner that trusts us with their brand's growth, and we believe that October's results are a testament to the platform's strength. Not only is revenue up year-over-year, but we also saw an increase from September to October 2024, showcasing our commitment to growth and delivering results."LQR House's continues focusing on strategic partnerships and expanding its product offerings aiming for sustained growth within the competitive spirits and beverage market.About LQR House Inc.LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings "Risk Factors". Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.Investor and Media Contact:info@lqrhouse.comContact InformationSean DollingerCEOinfo@lqrhouse.comSOURCE: LQR House Copyright 2024 ACN Newswire via SeaPRwire.com.
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JBM Healthcare Limited Issues Positive Profit Alert ACN Newswire

JBM Healthcare Limited Issues Positive Profit Alert

HONG KONG, Nov 1, 2024 - (ACN Newswire via SeaPRwire.com) - JBM (Healthcare) Limited (“JBM Healthcare” or the “Company”; Stock Code: 2161, together with its subsidiaries, the “Group”), a leading branded healthcare products marketer and distributor in Hong Kong, has today announced a positive profit alert. Based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2024 and the information currently available to the board of directors of the Company, the Group expects to record an increase in the consolidated profit attributable to shareholders for the six months ended 30 September 2024 (“Consolidated Profit”) by not less than 50% as compared to that for the same period last year.The significant increase in Consolidated Profit was primarily driven by the robust sales momentum of the Group’s key brands, notably Ho Chai Kung in the branded medicines segment and Po Chai Pills in the proprietary Chinese medicines segment. This was further supported by the sustained growth of the Group’s concentrated Chinese medicine granules business . This encouraging performance reflects the Group’s effective execution of sales and marketing strategies across both offline and online channels, capitalising on the growth potential of branded consumer healthcare products in the markets of Hong Kong, Macau and cities within the Greater Bay Area.JBM Healthcare has a diversified portfolio spanning branded medicines, proprietary Chinese medicines, and health and wellness products. The Group continues to make progress on its strategic priorities, including expanding e-commerce platforms locally and cross-border, exploring opportunities in traditional Chinese medicines for Hong Kong and the Greater Bay Area, adapting its product mix to consumer trends, leveraging its brand management strengths, and enhancing commercial execution.For details, please refer to the announcement on HKEX.About JBM (Healthcare) Limited (Stock Code: 2161)JBM Healthcare is a Hong Kong-based company that markets and distributes branded healthcare products across Greater China, Southeast Asia, and other select countries. The Group is a distinctive player in the sector with marketing expertise and heritage in pharmaceuticals that prioritises product efficacy and quality to meet consumers' healthcare needs. As a renowned healthcare brand operator in Hong Kong, the Group carries a wide-ranging portfolio of branded healthcare products comprising branded medicines, proprietary Chinese medicines, and health and wellness products, which include well-recognised household brands such as Po Chai Pills, Ho Chai Kung Tji Thung San, Contractubex, Mederma for Kids, Tong Tai Chung Woodlok Oil, Flying Eagle Woodlok Oil, Saplingtan, Shiling Oil and Konsodona Medicated Oil. JBM Healthcare has been a constituent stock of the MSCI Hong Kong Micro Cap Index since 27 May 2021. For more details about JBM Healthcare, please visit: www.jbmhealthcare.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Will New Gonow Recreational Vehicles Make It the Next Thor Industries?

HONG KONG, Nov 4, 2024 - (ACN Newswire via SeaPRwire.com) - RVs have become an important means of modern travel and leisure, and have gained increasing popularity worldwide in recent years. There are numerous world-renowned RV brands, and among the RV companies that have already entered the capital market, there are three listed on the US stock market: Thor Industries (THO.US), Winnebago (WGO.US), and Camping World (CWH.US). Among them, Thor Industries has the highest market value and its stock price has risen by nearly 30% since late June this year.Australasia is the third largest RV market in the world after North America and Europe, and is one of the fastest-growing RV markets. New Gonow Recreational Vehicles, founded by the former "Geely Marshal " Miao Xuezhong, occupies a leading position in the market, with its performance, popularity and brand reputation continuing to improve. It is reported that after submitting its application for main board listing to the Hong Kong Stock Exchange in the first half of the year, the Company received a notice of record-filing from the China Securities Regulatory Commission on 9 September, and its IPO plan is proceeding smoothly.The global RV market is thriving, with a diverse landscapeRVs, with the dual functions of "home" and "vehicle", are movable homes that combine "clothing, food, housing, and transportation" in one, which can fully satisfy people's demand for personalized and free travel. Its history can be traced back to the popularity of camping in the United States in the 1920s, and since then, RVs have rapidly become popular all over the world. With its high degree of freedom and flexibility, RV travel has become the choice of more and more travelers.Overall, the global RV market is characterized by fierce competition and a large number of players, with the North American and European RV markets being relatively mature, while the Chinese RV market is still in its early stages. Among the well-known RV companies, Thor Industries, Forest River, Winnebago, and others in the United States have gained widespread recognition from consumers for their excellent design and high-quality manufacturing processes, and have dominant positions in the market.Several well-known brands are distinctive, with Thor Industries known for its innovative product design and global market presence, Winnebago Industries for its high-end RVs and innovative technology, especially in its exploration of the electric RV segment, and Forest River for its reliability and diverse product line. Through continuous technological innovation and market expansion strategies, these brands have steadily maintained their positions at the forefront of the industry. Some well-known local manufacturers in the European RV market include Hymer in Germany, Dethleffs in the Netherlands, and Auto-Trail in the UK. In the Australasian market, well-known RV brands include Jayco, Snowy River, and Regent.In terms of category, RVs can be mainly categorized into two types: towable RVs and motorized RVs. Towable RVs can be further categorized into standard caravans, pop-tops, and camper trailers. According to Frost & Sullivan (the same below), in 2023, the standard caravan was the major segment in the Australasian market, capturing a substantial 72.1% share, up from 67.1% in 2019. New Gonow Recreational Vehicles, which owns well-known brands such as Snowy River and Regent, is the top RV company in the Australasian market and ranked second in terms of sales in the Australasian market in 2023.By accurately positioning itself, New Gonow Recreational Vehicles is able to break through and stand out in the marketDriven by a booming tourism industry and a high number of international visitors, road trips through RVs have become a mature travel method in Australasia. Measured by RV household penetration, Australasia had a remarkable ownership rate of 78.8 RVs per thousand households in 2023, significantly surpassing Europe’s rate of 21.7 and ranking second globally. Tourists traveling in RVs also inject vitality into the economy. It is expected that the total RV in use in Australasia will reach 1,175.0 thousand units in 2028, representing a CAGR of 5.7% from 2024, outpacing the growth in North America and Europe.The Australasia RV market exhibits a relatively concentrated structure, with the top five participants holding approximately 55.4% of the market share in 2023. New Gonow Recreational Vehicles, which primarily manufactures and sells standard caravans, has a significant competitive advantage. As a high-end product in the towable RV market, standard caravans have a higher barrier to entry in terms of technology, and companies that excel in this field tend to have strong manufacturing capabilities, allowing them to innovate and produce high-quality, durable RVs equipped with advanced features and technology, and have a greater chance of competing for market pricing power and increasing brand premiums. New Gonow Recreational Vehicles is undoubtedly a top participant in this market.According to A1 prospectus, the development journey of New Gonow Recreational Vehicles began in 2014. The Company's founder and CEO, Miao Xuezhong, previously served as a senior executive at Geely Automobile, with over 25 years of experience in the automotive industry and extensive management experience. In September 2014, he led the Company to acquire Regent, an Australian RV brand with a history of more than 30 years, thus enabling New Gonow Recreational Vehicles to gradually expand its presence in the RV market and continue to broaden its product portfolio and stand out from the competition.Products are the foundation of survival for RV companies, and New Gonow Recreational Vehicles offers a full spectrum of functionalities and an expansive range of auxiliary services through the design, development, manufacturing, and sales of various bespoke towable RVs. As of 31 December 2023, the Company has successfully mass-produced 39 RV models, which are all standard caravans, spanning seven distinct series under three characteristic brands: the mid-range best-selling brand Snowy River, luxury brand Regent, and semi-off-road brand NEWGEN. With a comprehensive product lineup, New Gonow Recreational Vehicles can meet the full range of demands from entry-level to high-end luxury models.Despite the overall growth of the RV market, competition has become increasingly fierce with more and more brands entering the Australasian market. American brand Jayco has the highest market share, reaching 31.5% in 2023 and holding a leading position. The world's largest RV manufacturers such as Thor Industries and Forest River are also continuously competing for market share. To stay ahead of the competition and achieve further development, it is essential for New Gonow Recreational Vehicles to continuously introduce new products, technologies, and services to improve its competitiveness and market share.Overall, New Gonow Recreational Vehicles' competitive advantages lie in its highly customizable and continuously upgraded range of RV products, strong product development capabilities, excellent manufacturing capabilities, diverse distribution channels, and high brand awareness. After about a decade of development, the Company has launched nine new models under Regent and four new models under Snowy River, as well as upgraded 13 models under Snowy River. At the same time, the Company is gradually improving its dealership network consisting of third-party dealer stores, self-owned stores, official online websites and JV stores.Through its continuous efforts in the value chain of the RV industry, New Gonow Recreational Vehicles has been expanding its customer base in the Australasian market. In 2021, 2022 and 2023, the Company delivered a total of 1,330, 2,127, and 2,694 RVs to customers respectively, with a year-on-year increase of 59.9% and 26.7% in 2022 and 2023 respectively. In early October, at the Melbourne Leisurefest, the largest exhibition in the second half of 2024 in Melbourne, the Company launched its latest Snowy River model, PopTop and concept RV, Vancave, and received a large number of orders.It is also worth mentioning that the Company has also followed the trend of electrification and digitalization development and actively built a sustainable and environmentally friendly path for RV electrification, becoming one of the first RV enterprises to commercialize electric RV solutions and taking the lead in the intelligent transformation of the industry. Currently, the Company is developing a trailblazing model of towable ERV equipped with intelligent technology and autonomous driving system, which is expected to be delivered in Australia by the first quarter of 2025.In terms of financial performance, New Gonow Recreational Vehicles achieved revenues of approximately RMB300 million, RMB499 million and RMB720 million in 2021, 2022, and 2023, respectively, representing a CAGR of 55.0%, with revenues in 2023 being 2.4 times higher than those in 2021. During the same period, the CAGRs of gross profit, net profit and net cash generated from operating activities were approximately 90.1%, 77.2%, and 148.4%, respectively. The impressive profit performance and rapid improvement in liquidity not only demonstrate the Company's successful business model, but also highlight its high-growth performance.New Gonow Recreational Vehicles has already secured a place in the emerging Australasian RV market, which is still relatively small, but its potential is being fully demonstrated. With the huge market opportunity and its attempt to become the "first stock of Chinese RVs", the Company is expected to become a new star in the capital market, attracting more attention from investors. Copyright 2024 ACN Newswire via SeaPRwire.com.
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GTJAI was selected into the first batch of qualified securities companies for the ‘Cross-boundary Wealth Management Pilot Scheme’ ACN Newswire

GTJAI was selected into the first batch of qualified securities companies for the ‘Cross-boundary Wealth Management Pilot Scheme’

HONG KONG, Nov 4, 2024 - (ACN Newswire via SeaPRwire.com) - The Guangdong Branch and Shenzhen Branch of the People's Bank of China, the Guangdong Supervision Bureau and the Shenzhen Supervision Bureau of the China Securities Regulatory Commission jointly announced that Guotai Junan Securities has become the first batch of securities companies to participate in the " Cross-boundary Wealth Management Connect" on a pilot basis. At the same time, the Securities & Futures Commission of Hong Kong also announced the list of the first batch of securities companies for the Guangdong-Hong Kong-Macao Greater Bay Area "Cross-boundary Wealth Pilot Scheme" (Cross-boundary Wealth Management Pilot Scheme). Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or the “Group”, stock code: 1788.HK) was successfully selected into the first batch of "Cross-border Wealth Management Pilot Scheme" and became the first batch to provide cross-border wealth management services to investors in the Guangdong-Hong Kong-Macao Greater Bay Area as an overseas securities company. In the future, Guotai Junan International will work with its parent company Guotai Junan Securities to provide domestic and foreign investors with full-cycle cross-border financial services such as cross-border wealth management account opening, fund transfer, and product investment.As a bridge between Guotai Junan Securities and high-quality Chinese and global enterprises and capital markets, Guotai Junan International has been based in Hong Kong for nearly 30 years and has been deeply involved in Guangdong, Hong Kong and Macao. It is a pioneer Chinese securities company in wealth management services in Hong Kong. As a leading large-scale comprehensive financial service provider in the industry, Guotai Junan International provides customers with diversified investment products and services, including stock brokerage and consulting, bond and fixed income products, funds and structured products, etc., to meet customers' global asset allocation needs." Cross-boundary Wealth Management Pilot Scheme" is one of the important plans of the capital market interconnection mechanism between the Mainland and Hong Kong and Macau. Qualified investors in the Greater Bay Area will receive more abundant and convenient cross-border investment services. In the future, Guotai Junan International will work closely with its parent company Guotai Junan Securities to further leverage its advantages in wealth management and cross-border finance, commit to promoting the interconnection of financial markets in Guangdong, Hong Kong and Macao, seize new opportunities in the historical development of the Guangdong-Hong Kong-Macao Greater Bay Area, and provide customers with more professional and comprehensive wealth management services. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Autumn Lighting Fair, Outdoor and Tech Light Expo and Eco Expo Asia draw some 60,000 buyers ACN Newswire

Autumn Lighting Fair, Outdoor and Tech Light Expo and Eco Expo Asia draw some 60,000 buyers

- The twin lighting fairs and the Eco Expo Asia concluded with success, attracting some 60,000 buyers from 150 countries and regions.- 61% of lighting industry respondents expect overall sales to grow in the next 12-24 months, while 61% of respondents foresee AI as a key growth driver in lighting industry.- An exhibitor expected actual orders received after the Autumn Lighting Fair to amount to around US$40-50 million.- Eco Expo Asia successfully attracted buyers from various industries to procure eco products and green technologies, empowering enterprises on their sustainable development.- A Hong Kong company trading electric and hybrid electric vehicles estimate its sales this year to increase by 15-20%, in view of the more optimistic sentiment.HONG KONG, Nov 3, 2024, 2024 - (ACN Newswire via SeaPRwire.com) - The 26th Hong Kong International Lighting Fair (Autumn Edition), the 9th Hong Kong International Outdoor and Tech Light Expo, and the 19th Eco Expo Asia, jointly organised by HKTDC, Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), have come to a successful conclusion. The three exhibitions attracted some 60,000 buyers from 150 countries and regions, signifying Hong Kong’s status as an international conference and exhibition centre. Sophia Chong, Deputy Executive Director of the HKTDC, said: “The recent Policy Address proposed several measures to enhance Hong Kong's status as an international trade centre. The fairs created cross-industry sourcing opportunities and attracted some 60,000 buyers in total. The number of buyers from Brazil, Canada, Indonesia, Italy and the Netherlands increased from last year. Eco Expo Asia also drew many new buyer groups, including from Indonesia, Malaysia, and the United Arab Emirates (UAE), showing that ASEAN and Middle Eastern buyers view Hong Kong as an important trading and sourcing platform. These fairs further solidified Hong Kong's role as a trade centre which also promotes green and low-carbon development.”Survey shows optimism on sales in the lighting industryAn independent survey of over 710 exhibitors and buyers at the Autumn Lighting Fair and Outdoor and Tech Light Expo revealed that respondents hold an optimistic outlook, with 61% respondents expecting overall sales to grow in the next 12-24 months, and 34% expecting sales to remain unchanged.For traditional markets, respondents were mainly optimistic about Australia and the Pacific Islands (74%), Korea (72%), and Taiwan (57%). Among emerging markets, the industry was primarily positive on Middle East (88%), Latin America (80%) and Russia (64%).In terms of trends in lighting products, 61% respondents foresee that artificial intelligence (AI) is the driving factor of industry growth. Most respondents (43%) believed energy-efficient lighting control solutions to have great potential in the smart lighting industry in next two years, followed by home automation and smart lighting control systems (36%), wireless lighting control systems (27%) and outdoor smart security lighting systems (26%).Hall of Connected Lighting with international brands launching new productsUnder the theme “Light & Life”, the twin lighting fairs showcased innovative products and solutions that integrate lighting with life. The Autumn Lighting Fair revealed industry trends, such as sustainable development, healthy living, and innovative design. The Hall of Connected Lighting at the Autumn Lighting Fair featured over 50 internationally renowned brands from eight countries and regions.Amongst them, Shanghai Pudong Intelligent Lighting Association and the DALI Alliance collectively showcased numerous key brands to present their intelligent lighting ecosystem. Signify from the Netherlands, Tridonic from Austria and TUYA Smart from Mainland China, among others, also launched new products at the Fair. The hall was not only popular among buyers but also elevated the fair to a higher level.Tridonic GmbH CEO Hugo Rohner stated, "This year, we have met more new buyers from Europe and the Middle East. The Fair also provides a perfect platform for us to announce the launch of lichtMONITOR in Asia, which has attracted the attention of international buyers."The business atmosphere at both lighting fairs was enthusiastic and lively. At the Autumn Lighting Fair, the Mainland China exhibitor Jason Yan, Sales Manager of Hangzhou Sky-Lighting Co., Ltd. stated that the number of buyers visiting their booth increased by 20-30%. During the first day of the Fair, more than 10 buyers from Europe and North America expressed their intention to place orders. He expected that actual orders received after the Autumn Lighting Fair will amount to around US$40-50 million.This year, the Outdoor and Tech Light Expo introduced a Smart Pole and Solution zone. Liu Jie, Manager of Jiangsu Fute Lighting Group Co., Ltd. from Jiangsu Gaoyou Lighting Association, said: “Many buyers from Saudi Arabia, UAE, India, Vietnam and Argentina have expressed serious interest in sourcing our smart streetlights and signal lights. Potential orders under negotiation are up to US$10 million.”A buyer from Canada, David Daniels, President of Etlin-Daniels Electrical Devices Inc. has been visiting the Spring Lighting Fair and Autumn Lighting Fair every year: “I have found two potential suppliers through the Click2Match platform, and I plan to buy US$450,000 worth of area lights and down lights from them. I am also interested in new models of LED panel lights and LED tri-proof lights presented by my existing supplier at the Fair, and I’ll buy US$800,000 worth of lighting products from this supplier.”Eco Expo Asia fully promotes energy conservation and waste reductionUnder the theme of “Fostering Green Innovations for Carbon Neutrality”, Eco Expo Asia focused on three areas that echo the recent Policy Address, namely new energy, waste management and circular economy, and ESG-related services.The demand for environmentally friendly products or technologies is increasingly growing across various industries. As a leading expo in the green industry, Eco Expo Asia is supported by governments, industry associations and enterprises from around the world. In addition to local buyers, this year’s expo also invited suppliers who provide services to mainland and ASEAN governments to procure green technologies and products. Other industries attending the Fair to source green products and services included infrastructure, real estate, property management, logistics, hotels, department stores and finance.Hong Kong exhibitor Alex Huen, General Manager of GMI Motors Ltd said: “Last year at Eco Expo Asia, we received over 20 enquiries from Europe, Southeast Asia and Mainland China, resulting in five vehicle sales amounting to HK$8 million. This year, we estimate an increase of 15-20%, in view of the more optimistic sentiment. The Click2Match platform has been invaluable for us. We have successfully arranged five meetings with overseas buyers on the first day.”Keith Ang, Managing Director of Transco-PAC Transport & Environmental Pte Ltd said: “We aim to secure deals with a total budget of S$500,000 (HK$ 3 million). We are particularly interested in solutions provided by Hong Kong companies, including waste management for a government initiative in Singapore, as well as textile recycling solution.” Another buyer Ruuth Sonnia Agustina M, Digital Technology Manager of PT Moda Integrasi Transportasi Jabodetabek in Indonesia, was interested to procure 50 EV chargers worth up to HK$100,000 from a Hong Kong company for the charging stations that they are planning to build at three train stations in the country.Igniting cross-industry business opportunities through three fairsOrganised by the HKTDC, the Hong Kong International Lighting Fair (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo formed a world-renowned lighting marketplace, attracting some 3,000 exhibitors collectively and more than 40,000 buyers and more than 10,000 buyers, respectively. Eco Expo Asia, co-organised by the HKTDC and Messe Frankfurt (HK) Ltd., drew over 300 exhibitors and over 8,500 buyers.Under the EXHIBITION+ hybrid mode, exhibitors and buyers can engage in online business negotiations and matching through the Click2Match smart business matching platform until 8 November for the two lighting fairs and until 9 November for Eco Expo Asia.Fair WebsitesHong Kong International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.comHong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.comEco Expo Asia: www.ecoexpoasia.comExhibitor and Buyer QuotesHong Kong International Lighting Fair (Autumn Edition): https://www.hktdc.com/event/hklightingfairae/en/success-storiesHong Kong International Outdoor and Tech Light Expo: https://www.hktdc.com/event/hkotlexpo/en/success-storiesEco Expo Asia:https://www.hktdc.com/event/ecoexpoasia/en/success-storiesPhoto download: https://bit.ly/3ArukPoThe 26th Hong Kong International Lighting Fair (Autumn Edition), the 9th Hong Kong International Outdoor and Tech Light Expo and the 19th Eco Expo Asia, organised by the Hong Kong Trade Development Council (HKTDC), have come to a successful conclusion. The three exhibitions attracted some 60,000 buyers from 150 countries and regionsThe upgraded Hall of Connected Lighting at the Autumn Lighting Fair showcased new products from over 50 renowned companies and brands. Among them, Tridonic debuted its new product - lichtMONITOR - at the FairRenowned lighting designer Tino Kwan and his team collaborated with OFT Interiors Founder CM Jao to curate the GLOW & GROW - How Lighting Enriches a Space installation to showcase the latest industry trends and aesthetics, which open up new horizons for buyers. The lighting fixtures and systems used in the demonstration space were jointly sponsored by the world-renowned architectural and commercial lighting brand ERCO and dynamic lighting experts TRAXON | e:cueThe Autumn Lighting Fair’s Hall of Aurora brought together innovative lighting fixtures and technologies from some 540 renowned brands. Among them, MEGAMAN® used the occasion to celebrate its 30th anniversaryThis year’s Outdoor and Tech Lighting Expo added a new Smart Pole and Solution zone to showcases innovative solutions to optimise energy efficiencyVarious seminars and forums were held during the two lighting fairsThe Hong Kong Tourism Board arranged evening cruises on Victoria Harbour for an extended travelling experience of buyersThis year’s Eco Expo Asia attracted over 300 exhibitors and over 8,500 buyersThe Eco Asia Conference once again invited officials and experts from around the world to analyse trends and new areas for explorationTse Chin-wan, Secretary for Environment and Ecology of the HKSAR Government, attended the Eco Expo Asia and had a dialogue with the youth. The students were enthusiasticThe last day of the Eco Expo Asia was open to the public. Visitors enjoyed free rides in a hydrogen bus organised by the Environmental Protection DepartmentWebsiteInternational Lighting Fair (Autumn Edition): hklightingfairae.hktdc.comHong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.comEco Expo Asia: www.ecoexpoasia.comMedia enquiriesPlease contact the HKTDC’s Communications and Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgClayton LauwTel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgThe HKTDC’s Media Room: http://mediaroom.hktdc.com/enAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Background information on Messe FrankfurtThe Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were around € 609 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.For more information, please visit our website at: www.messefrankfurt.com/sustainabilityWith its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.co Copyright 2024 ACN Newswire via SeaPRwire.com.
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MWA Renews Learning and Development Contracts with Top Malaysian Institutions ACN Newswire

MWA Renews Learning and Development Contracts with Top Malaysian Institutions

KUALA LUMPUR, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - Mogul Works Asia ("MWA"), a leading integrated marketing and talent solutions company in Southeast Asia, is proud to announce the renewal of its learning and development contracts with some of Malaysia's most renowned institutions. This marks a continuation of Mogul Works Asia's efforts to support local upskilling programs as part of the nation's strategy to cultivate a highly skilled and adaptable workforce.The renewed partnerships emphasize Mogul Works Asia's commitment to delivering high-quality learning and development solutions that cater to the needs of Malaysia's evolving economic landscape. Among the organizations that have extended their collaboration with Mogul Works are Khazanah Nasional, Touch 'n Go, CGC, Sime Darby, Sunway Group, Kenanga Investment Bank, and the Employees Provident Fund of Malaysia (KWSP), all of which are integral to Malaysia's growth plans.The founders of Mogul Works Asia, Mr. Lee John Salmon and Tunku Eddy Nasruan Adil, commented: "We are honored to continue our partnerships with these distinguished institutions. Our mission is to help build great people and companies here in Malaysia. We recognize the demand for Malaysian talent globally and aim to provide world-class training and opportunities to encourage that talent to develop within Malaysia."Over the years, Mogul Works Asia has focused on enabling these institutions and their diverse workforces to contribute meaningfully to both national development and regional and global competitiveness. This ongoing commitment positions the company as a key player in the talent development and marketing sectors, contributing to Malaysia's broader goal of establishing itself as a business hub in Southeast Asia.The renewal of these contracts not only strengthens Mogul Works Asia's foothold in the industry but also reflects the growing demand for trusted partners in learning and development, marketing, and employer branding. While specific contract details cannot be disclosed, standard project sizes for Mogul Works Asia range from USD 30,000 to over USD 1 million.Mogul Works Asia continues to support organizations in achieving their growth ambitions by combining specialized talent development, recruitment tools, and marketing expertise. With a focus on democratizing quality education, the company strives to build market leaders and enable more companies to grow their businesses in Malaysia. This is in line with Malaysia's goal of attracting, retaining, and cultivating talent within a rapidly evolving economy.Social LinksFacebook: https://www.facebook.com/mogulworksasia/Instagram: https://www.instagram.com/mogulworksasia/LinkedIn: https://www.linkedin.com/company/mogul-works-asia/tiktok: https://www.tiktok.com/@mogulworksasiaMedia ContactMogul Works AsiaAmalia MohdWebsite: https://www.mogulworks.asia Copyright 2024 ACN Newswire via SeaPRwire.com.
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Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025 ACN Newswire

Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025

Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - October 31, 2024) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company")is pleased to provide a summary of work programs on three of it's 100% owned uranium exploration projects currently under option and plans for targeted exploration strategies to continue advancing its uranium portfolio in the Athabasca Basin region, northern Saskatchewan towards discovery.The Company holds more than 233,000 acres of prime exploration real estate across the prolific Athabasca Basin region, which hosts the highest-grade uranium deposits on the planet. The Company boasts an attractive portfolio of uranium exploration projects currently available for option ranging from early-stage to drill-ready projects throughout the Athabasca region, providing turn-key opportunities with permits in hand, First Nations agreements signed, vendors secured, and highly prospective uranium targets. Standard Uranium has continued to deliver on its project generator model in 2024 through expansion of landholdings and advancement of early-stage projects through geophysical surveys to be executed this fall, providing excellent turn-key opportunities for potential joint venture partners. The Company is actively seeking new joint venture partners on these exciting uranium projects.Additionally, the Company successfully completed three joint venture earn-in partnerships on the Sun Dog, Canary, and Atlantic projects this year, totalling over $23.8M in work commitments over the next three years. The Company advanced all three projects by successfully operating and completing exploration drill programs on time and under budget. Standard Uranium brings a skilled team of in-house geoscientists and invaluable relationships with First Nations partners and vendors to the table in designing and executing option agreements.2024 Exploration Summary and ObjectivesProject Generator: Completed four definitive option agreements on four projects, securing exploration expenditures and non-dilutive cash-flow into the Company - Sun Dog, Atlantic, Canary, and Brown Lake projects.Aggressive Exploration: Successfully planned and operated three drill programs on Sun Dog, Atlantic, and Canary returning promising results of uranium mineralization and prospective geology, all of which were partner-funded and successfully operated by the Company.Additional Project Advancement: Initial exploration and geophysical programs on the early-stage Rocas and Corvo projects is planned for the fall, creating more opportunities for additional option partnerships.Expanded Landholdings: The Company added nearly 45,000 acres of prospective land to its portfolio in 2024 through low-cost staking, expanding the Ascent and Corvo projects significantly, and adding four new projects to its exploration pipeline in the Athabasca Basin region."We are pleased to share that we are continuing to advance additional uranium exploration projects through targeted geophysical survey work and new staking, which provide more opportunities for new joint venture partners looking to enter the Athabasca Basin. This part of our business represents an outstanding opportunity for companies that want to explore in the world's best uranium jurisdiction with our team at Standard Uranium," said Jon Bey, CEO & Chair of Standard Uranium. "We have built strong relationships with government and our First Nations partners allowing for expediting permitting, along with the key vendors to ensure exploration projects are completed on time and on budget." Figure 1. Overview of the eastern Athabasca Basin region highlighting Standard Uranium's projects under option and available for JV.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10633/228449_c6974358c4f45b18_002full.jpgEastern Athabasca Basin Exploration Highlights & OpportunitiesAtlantic Project - ATCO Mining Option (CSE: ATCM)Uranium Mineralization Confirmed: Analytical results from the winter 2024 drill program at the Project confirmed highly anomalous uranium in drill holes ATL-24-002, ATL-24-004A, and ATL-24-005A, coinciding with prospective structural zones and favorable alteration including dravite-rich clays.Sandstone & Basement-Hosted Uranium: Multiple zones of elevated uranium linked to the sub-Athabasca unconformity and basement structural zones were intersected, indicating a uranium-fertile system.Uranium Pathfinders: Several key uranium pathfinder elements are present in anomalous quantities in multiple drill holes, providing vectoring information for future programs. Intersections of dravitic-clay associated with structural zones has been confirmed in drill holes ATL-24-002, ATL-24-004A, and ATL-24-005A.Verified Targets: Massive structural disruption confirmed in the sandstone column and multiple wide (>10 metres) brittle-reactivated graphitic shear zones confirm the main interpreted electromagnetic ("EM") corridor on the western claim block which was not reached by previous operators. The inaugural program results have confirmed the Company's exploration thesis on the Project, highlighting a uranium-fertile system with several kilometres of still untested strike length across the Project.Follow Up Targets & Next Steps: Atlantic holds significant upside for discovery along the untested portions of the E-W conductor system. Supplementary geophysical surveys over the central claim blocks are currently being planned and will provide further target areas for phase II and III drilling, along with the additional untested gravity low anomalies on the western block identified in 2022.Canary Project - Mamba Exploration Option (ASX: M24)Uranium Mineralization Confirmed: Analytical results from the spring 2024 drill program at the Project confirmed moderately anomalous uranium in drill holes CAN-24-001 and CAN-24-003 with Uranium:Thorium ("U:Th") ratios ≥3:1, indicating hydrothermal uranium input.Basement-Hosted Uranium: Multiple zones of elevated uranium linked to structural zones and/or proximal to lithological contacts, indicating a uranium-fertile system.Elevated Uranium Pathfinders: Several key uranium pathfinder elements are present in anomalous quantities in multiple drill holes within the crystalline basement, providing vectoring information for future programs; anomalous Boron is particularly common. Spectroscopy confirms presence of fracture-hosted dravitic-clay (13.4%) associated with semi-pelitic gneiss in drill hole CAN-24-001.Follow Up Targets & Next Steps: Canary holds significant upside for discovery along three different and significantly underexplored conductor systems. Supplementary geophysical surveys over all three corridors will provide further target areas for phase II and III drilling.Brown Lake - Mustang Energy Acquisition Agreement (CSE: MEC)Project Monetization: Acquired in 2023 via low-cost staking, Standard Uranium sold 90% of the 312-hectare Brown Lake project to Mustang Energy for 60,000 common shares in Mustang and retains a 10% free carried interest in the project, providing future discovery upside potential.Shallow drill targets: 300 counts per second ("cps") were intersected in seven of eight drill holes - Geochemical assays still pending.Prospectivity Model Confirmed: Elevated radioactivity and increased hydrothermal alteration at Wishbone are largely associated with stacked graphitic structural zones, indicating favorable corridors for fluid movement and uranium deposition across the Project akin to other basement-hosted Athabasca deposits.Discovery of Radioactivity: Occurrences of strong to intense radioactivity in outcropping graphitic basement rocks were identified at surface while prospecting at the Wishbone target area:Approximately five kilometres of strike length along a regional scale anticline, defined by strong VTEM conductors with associated radioactivity along each fold limb.Graphitic pelites have been mapped along both fold limbs, hosting strong radioactivity up to 22,300 cps (RS-125 handheld scintillometer).Mineralized cross-cutting faults have been mapped in the overlying rocks which intersect the uranium-bearing graphitic pelite unit.Historical outcrop sampling at the northwestern graphitic pelite exposure returned assay results of 0.32% U3O8 and 0.30% Cu (SMDI #2095).Unrealized Potential: The targets tested during the summer 2024 program represent only a small fraction of the dozens on the ground and the Company is working with its option partners to prioritize follow ups for additional geophysics and drill programs to further test these promising areas.Davidson River Project - Flagship ProjectIn 2023, the Company expanded its flagship Davidson River project in the southwest corner of the Basin to cover more than 37,700 hectares. Standard Uranium plans to follow up on prospective drilling results from 2022 and test brand new high-priority targets akin to the neighboring JR Zone discovery within the new southeast claim blocks.The summer 2022 program revealed the best intersections of prospective alteration and structure to date along the Bronco and Thunderbird trends, including wide graphitic structural zones on Bronco and oxidized alteration on Thunderbird, in addition to elevated radioactivity and dravite alteration.Planned 2025 drilling will follow up on the most prospective basement structures and alteration zones intersected to date and begin testing new target areas within recently staked claim blocks.Data-driven machine learning techniques will contribute to drill targeting at Davidson River through anomaly detection and mapping of EM data, in addition to anomaly matching based on the footprints of known world-class uranium deposits in the area including the Arrow and Triple-R deposits. The machine learning techniques will also be applied to the Company's internal drilling and geochemical databases.Several kilometres of graphitic conductors remain to be tested at Davidson River, with Davidson River still containing massive blue-sky potential for high-grade discovery akin to the Arrow Deposit on the neighbouring Rook I project owned and operated by NexGen Energy Ltd.Harrison Project - Available for OptionSize & Location: Two mineral claims totalling 1,750 ha, located 22 km SSE of the Shea Creek uranium deposits and approximately 30 km SE of the past producing Cluff Lake uranium mine.Geophysical/Geological Signatures: Electromagnetic ("EM") surveys conducted in 2006-2007 outlined multiple EM zones across the project. Harrison covers approximately 6.8 km of a NW-SE conductor trends coincident with a prominent magnetic low. The trend is crosscut by several interpreted fault zones, including 4.9 km of the major Harrison fault.Prospectivity Model: The project has never been drilled and provides the Company with additional exploration exposure in the southwest Athabasca uranium district. The Company believes the newly acquired Harrison project is prospective for the discovery of high-grade* unconformity-related uranium mineralization.Stock Option and RSU GrantsThe Company also announces that, pursuant to its Omnibus Incentive Plan, it has granted stock options (the "Options") to certain directors, management, and consultants of the Company to purchase an aggregate of 367,500 common shares of the Company at the price of $0.10 per common share until October 31, 2029. Vesting of the stock options shall be as follows: 20% of the Options shall vest immediately, with a further 20% of the Options vesting every three months thereafter.In addition to the Options, the Company has also granted 1,325,000 restricted share units (the "RSUs") to certain directors and senior officers of the Company. The RSUs entitle the holder to receive one common share, the cash equivalent or a combination thereof, on the vesting date of October 31, 2025.*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be "high-grade".** The Company considers radioactivity readings greater than 300 counts per second (cps) to be "anomalous".***Natural gamma radiation in outcrop reported in this news release was measured in counts per second (cps) using a handheld RS-125 super-spectrometer and a downhole Reflex EZ-Gamma probe. Readers are cautioned that scintillometer and gamma probe readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals.The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a "qualified person" as defined in NI 43-101.Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects.About Standard Uranium (TSXV: STND)We find the fuel to power a clean energy futureStandard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.Standard Uranium has successfully completed three joint venture earn in partnerships on their Sun Dog, Canary, and Atlantic projects totaling over $23.8M in work commitments over the next three years from 2024-2027.Standard Uranium's Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.For further information contact:Jon Bey, Chief Executive Officer, and ChairmanSuite 918, 1030 West Georgia StreetVancouver, British Columbia, V6E 2Y3Tel: 1 (306) 850-6699E-mail: info@standarduranium.caCautionary Statement Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company's exploration programs; and estimates of market conditions. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended April 30, 2024.Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228449 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Beginner’s Guide to Travel Credit Cards ACN Newswire

Beginner’s Guide to Travel Credit Cards

SINGAPORE, Oct 31, 2024 - (ACN Newswire via SeaPRwire.com) - Whether you're a frequent business traveller who's always on the go or a world explorer looking for your next adventure, a travel credit card can be a great way to make the best of your trips. The right travel credit card can enhance your travel experiences by offering opportunities to earn rewards, redeem rewards on travel expenses, access discounts and deals, and get perks and benefits like lounge access and travel insurance. Learn all about travel credit cards, what they can do for you and how to choose the right one in our guide below.What is a travel credit card?You may have heard of credit cards that offer discounts and savings on fuel, groceries or shopping. A travel credit card is a type of credit card that offers perks and rewards that make travel smooth and convenient. While the exact reward programs differ from one card to the next, what most miles credit cards have in common is that they grant users benefits and redemption opportunities specifically linked to travel.A travel credit card is a great way to turn everyday spending into travel rewards. Generally, a miles credit card or travel card will let you earn points, miles, or cashback on purchases, which you can redeem for travel-related expenses like flight tickets, hotel stays, car rentals, and more. Over time, savvy cardmembers may accumulate enough rewards to cover the full cost of a small vacation. Many travel credit cards also include benefits like complimentary lounge access, travel insurance, and exclusive discounts with partner airlines and hotels.Pros and Cons of a Travel Credit CardProsEarning points and miles: Your miles credit card helps you earn rewards on eligible purchases. If you use your credit card regularly for eligible purchases, your points or miles can add up quickly and bring you significant savings on your next trip.Sign-up bonuses: In addition to regular rewards, your card may offer a welcome bonus that lets you earn a significant number of points/miles if you meet certain spending criteria. These bonuses can provide a great boost to your rewards balance right from the start.Access to Airport Lounges: Your travel credit card may also include complimentary access to airport lounges, allowing you to enjoy a more relaxed travel experience with amenities like refreshments and comfortable seating before your flight.ConsHigh annual fees: Travel credit cards with good benefits may carry higher annual fees than regular cards. You'll need to review the costs and benefits associated with your credit card to decide if the travel benefits are worth the annual fee.Complex rewards systems: Rewards programs are only useful if you know how to use them well. It might take some time and effort to fully understand how to maximize your rewards.How to Choose a Travel Credit CardWhen choosing a travel or miles credit card in Singapore, consider your travel habits and preferences. Start by considering how often you travel. A card with a high fee may be worth it for frequent fliers, but if you only take one or two trips a year, seek out a card with a low or no annual fee with points that don't expire. You'll need to consider what benefits matter to you. Do you value lounge access, or is travel insurance more important? Choose a card that offers benefits that match your needs. Lastly, look for a rewards program that fits in with your lifestyle. If you spend a lot on dining and shopping, look for a card that offers higher rewards in those categories. Additionally, carefully review the points/redemption process before you apply for a travel credit card. A complex redemption process can be off-putting especially if there are many limits placed on redemption.Notice:Opinions, analyses, reviews, or recommendations expressed in this article are those of the select editorial staff's alone, and have not been reviewed, approved, or otherwise endorsed by any third party.Contact Information:Name: Sonakshi MurzeEmail: Sonakshi.murze@iquanti.comJob Title: ManagerSOURCE: iQuanti Copyright 2024 ACN Newswire via SeaPRwire.com.
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Military Metals Enters Definitive Agreement to Acquire European Union Antimony Deposits ACN Newswire

Military Metals Enters Definitive Agreement to Acquire European Union Antimony Deposits

Two Antimony and One Tin Project in SlovakiaVancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to announced that it has entered into a definitive agreement with 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, 1458205 B.C. Ltd. (the "Target"), and the controlling shareholder of the Target pursuant to which the Company will acquire 100% of the issued and outstanding common shares in the capital of the Target (the "Target Shares") by way of a three-cornered amalgamation (the "Amalgamation")."As we acquire this premier antimony project in Slovakia with historical resources, we're taking a transformative step to strengthen Europe's access to essential raw materials. With a well established, rich mineral base, this brownfield site enables us to work towards a reliable domestic antimony supply when Europe faces mounting supply chain pressures," said CEO Scott Eldridge. "This acquisition reflects our commitment to reducing reliance on Chinese imports, ensuring stability for the European market, and empowering the West to drive a more resilient, self-sufficient future for critical materials."About the TargetThe Target owns three brownfield projects in Slovakia. Of the three projects, Trojarova is the most advanced ("Trojarova"). Located in western Slovakia, it potentially hosts one of the European Union's most significant known primary antimony deposits. 63 holes were historically completed into the deposit during the 1980-1900s over a strike length of 1.5 kilometers, along with nearly 1.7 kilometers of underground workings; the deposit hosts historical (non-compliant) antimony and accessory gold resources classified in the Soviet era Russian classification system.Additionally, Military has acquired both a tin and second antimony property in Slovakia. The tin property ("Medvedi-Potok"), likewise features significant historical drilling, underground development, and features a historical (non-compliant) tin resource. The Tiennesgrund antimony property features over two dozen small underground workings along its 10-kilometer length where historical production is reported.Consideration for the acquisition of 100% of the Target Shares comprises 10,000,000 common shares in the capital of the Company (the "Company Shares"), at a deemed issuance price of $0.56 per Company Share, valued at a sum of CAD $5.6 million. The Company will also assume the Target's obligations in respect of its outstanding share purchase warrants, which will provide holders the right to acquire up to 3,499,997 Company Shares at an exercise price of $0.10 per share."The Trojarova antimony project is potentially one of Europe's most significant primary antimony deposits. We've experienced an unprecedented rise in the antimony price increasing from $11,000 USD per tonne, to a current spot of approximately $34,000. Increased trade wars and geopolitical tensions have placed stronger importance on this strategic metal with multiple applications," said CEO Scott Eldridge. "The EU's Critical Raw Materials Act has opened multiple financing sources from local European institutions to foster the development of strategic metals within Europe's boarders."Antimony, a vital component in everything from battery technologies to advanced military applications such as night vision and infrared sensors, is classified as a critical mineral by the United States, Canada, the European Union, and the United Kingdom. Currently, over 90% of global antimony reserves are concentrated in China, Russia, and Tajikistan. Military seeks to target antimony with the goal of contributing to the global antimony supply, and filling a gap that is present in the ability of Western countries to obtain this critical mineral.About the ProjectsDiscovered in the late 1970s, Trojarova was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes for a total of 14,330m, and 1.7km of underground workings completed. Efforts continued over the years as additional trenches were dug and holes were drilled. Starting in 1990, underground development work began ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992 (the "1992 Report"). Upon completion of the Amalgamation, the Company will move forward to verify this historical estimate by confirmation drilling so that it is able to classify mineral resources at Trojarova as current, in accordance with National Instrument 43-101. The historical estimate at Trojarova was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem ("CIM Definition Standards for Mineral Resources & Mineral Reserves").The 1992 Report contains a table featuring 10 alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively:Historical alternate resource estimate scenarios for TrojarovaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_001full.jpgThe Slovak Geological Institute, the state agency that carried out all exploration and underground development work at Trojárová, classified the resource as "P1" in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum's ("CIM") classification system to "Inferred Mineral Resources," which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.Considerable work remains to be completed before it will be possible to classify mineralization documented at Trojarova as current mineral resources. The historical drill logs need to be translated and transcribed into a logging format suitable for resource estimation purposes. All collar locations along with the underground maps need to be digitized and georeferenced. Depending upon the assessed quality and reliability of these data, it will be possible for a resource estimation geologist to determine the extent of confirmation drilling necessary so that mineralization documented at Trojarova can be classified as current mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Military is not treating the historical estimate as current mineral resources or mineral reserves.The Tiennesgrund antimony project, located in eastern Slovakia, comprises a 10-kilometer-long license covering a large, fault/shear-hosted antimony-gold vein system hosting multiple adits and a long artisanal-scale mining history. The nearby Medvedi-Potok property hosts a classic tin vein system in a greisened intrusive; it features underground workings and a historical (non-compliant) resource. Additionally, on completion of the Amalgamation, the Company will inherit a small processing facility in Slovakia owned by the Target. Its inclusion in our strategic narrative underscores our commitment to efficiency and innovation, making it a key differentiator in today's market.With global demand for antimony soaring and critical mineral supply chains becoming increasingly strained geopolitically, Military is seeking to take advantage of a strategic opportunity to acquire an asset that can fill this global demand.Map showing the location of Military's properties in SlovakiaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/228324_9c2d07525482cbe0_002full.jpgThe technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott EldridgeCEO and Directorscott@militarymetalscorp.comFor enquiries, please call 604-722-5381 or 604-537-7556This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the completion of the Amalgamation, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions to close the Amalgamation, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both the Amalgamation and any future activities in respect of the properties held by the Target. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228324 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Eco Expo Asia 2024 opens today ACN Newswire

Eco Expo Asia 2024 opens today

- Over 300 exhibitors from 11 countries and regions participating in the19th Eco Expo Asia- Concurrent Eco Asia Conference highlights the latest green policies- Wide range of products and events supporting the Policy Address, across new energy, waste management and circular economy and ESG-related servicesHONG KONG, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - The 19th Eco Expo Asia, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), opened at AsiaWorld-Expo today and runs until 2 November.Attracting over 300 exhibitors from 11 countries and regions, the event showcases a wide range of innovative environmental technologies and projects. The last day of the expo (2 November) will open to the public for free, to encourage sustainable living practices.Sun Jinlong, Secretary of the Leading Party Members Group and Vice Minister of the Ministry of Ecology and Environment of the People’s Republic of China, Yuan Da, Deputy Secretary General, National Development and Reform Commission of the People’s Republic of China, Wang Peng, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China, Tse Chin-wan, Secretary for Environment and Ecology of the Hong Kong SAR Government, HKTDC Executive Director Margaret Fong, and Judy Cheung, Deputy General Manager of Messe Frankfurt (HK) Ltd, were at the opening ceremony. Margaret Fong said, “Under the theme of “Fostering Green Innovations for Carbon Neutrality”, Eco Expo Asia once again gathers leading experts from the eco sector to help shape a more sustainable future, with a special focus on Asia. A highlight of the Expo, the Eco Asia Conference addresses the latest industry trends and developments. Key officials from Mainland China and countries along the Belt and Road share their insights into the latest policies and practices in their region.”Tse Chin-wan said, “Looking ahead, we will continue to harness the transformative power of innovation and technology to accelerate the growth of green and low-carbon transformation through supporting the development of green industry, promoting development of new energy and more importantly, facilitating green research and development projects with application potentials to transform into commercially valuable products through various measures.”Eco Asia Conference brings together industry leaders, focusing on global green issuesThe three-day Eco Asia Conference began this morning with the Government Session. Deputy Secretary-General Yuan and Director Wang shared the latest environment-related policies of the People’s Republic of China. Following this, government representatives from Belt and Road countries, including Laos, Saudi Arabia, Myanmar, Brunei and Vietnam, introduced local policies and environmental projects.This afternoon, a seminar on Decarbonisation & Expanding the Boundaries of New Energy was held to discuss developments in the field of new energy. In collaboration with the Hong Kong Productivity Council, representatives from The Hong Kong and China Gas Company Limited, Volar Air Mobility and Invest Hong Kong were invited to participate. Over the next two days, industry leaders and experts will share their insights on the topics “Green Innovations & Technology towards Carbon Neutrality in Built Environment” and “360° Embracing Circular Economy”.Exhibitors from Greater Bay Area and overseasThis year’s Expo attracts over 190 exhibitors from the Greater Bay Area. In addition to the Hong Kong Pavilion, Guangdong Province, Guangzhou Municipality, Shenzhen Municipality and the Macao SAR Pavilions showcase products and technologies in waste management, environmental acoustics and water quality management. The new Anhui Pavilion features technologies related to air quality, water treatment and water quality management, as well as presenting research, products and services related to new energy.Overseas group exhibitors include Canada, Finland, the Netherlands and Norway, presenting technologies and services related to waste management and water quality, as well as technologies for new energy, energy efficiency and green building, alongside eco-friendly materials and organic products.New energy-related technologies and products support Policy AddressThe Policy Address emphasises environment-related policies including promoting the development of new energy, expanding the charging network for electric vehicles and continuing to promote waste reduction and recycling. This year's Expo supports the address through three focal points: new energy, waste management and circular economy, and ESG-related services.The 5th Hydrogen Economy Forum will be held tomorrow, supporting the government’s promotion of hydrogen energy. Li Siu Ying, Electrical & Mechanical Services Department Engineer of the HKSAR, will discuss the regulatory control of hydrogen fuel safety in Hong Kong, while Zheng Fuqiang, Deputy Chief Engineer and Director of International Business Department of Sinopec, will share insights on green hydrogen technology and engineering.Hong Kong’s first hydrogen fuel street cleaning vehicle is showcased at the booth hosted by 12 HKSAR government units. The Environmental Protection Department and Citybus will offer free rides on hydrogen buses tomorrow and on public day (2 November). Hydrogen purification systems and carbon capture and storage equipment are featured at the Canada Pavilion (Booth No. 3-G23).Electric vehicles and equipment are shown in the Green Transportation Zone, including an electric truck, minibus and a brand new 32-seat electric bus presented by GMI Motors (Booth No. 6-A32), while Chun Yang International (HK) (Booth No. 6-C26) is demonstrating fast charging mini wall-mounted EV chargers.Waste management and ESG services help the industry seize green opportunitiesThe Waste Management and Circular Economy Zone features large-scale environmental facility contractors, such as Baguio Green Group Limited and Keppel Seghers - Zhen Hua Joint Venture, as well as first-time exhibitor, Nanda (Hong Kong) Technology (Booth No. 3-D32), which features machines that can bio-degrade up to 36,000kg of food waste per day.At the Hong Kong Science and Technology Parks Corporation Pavilion (Booth No. 3-D02), JAPJAP Zero Waste showcases a waste management solution based on using black soldier flies to degrade food waste into compost and other by-products.Several world-leading ESG certification and consultancy companies exhibit for the first time, including BSI Pacific Limited (Booth No. 6-C17), SGS Hong Kong Limited (Booth No. 6-C13), Intertek Testing Services Hong Kong Ltd (Booth No. 6-B11) and TÜV Rheinland Hong Kong Limited (Booth No. 3-E11). On the third day of the Expo, there will be a forum related to ESG, addressing the challenges faced by companies in implementing and planning ESG practices and programmes.Start-ups inject fresh energyOver 20 start-ups, including groups from local universities and incubators, are participating in this year's event. The Chinese University of Hong Kong, City University of Hong Kong and Hong Kong Industrial Artificial Intelligence & Robotics Centre (FLAIR), established by The Hong Kong Productivity Council, join the Expo for the first time to showcase their research achievements.In the Startup Zone, Ezygreenpak (Booth No. 6-F24) demonstrates its patented water-soluble non-woven material that can completely dissolve in 90°C hot water without leaving any harmful residue. Electro-Jet (Booth No. 6-F26) showcases electric boats made from aluminium and recycled materials, capable of travelling 200 km on a single charge.To promote awareness of green living, talks, workshops and Green Mart - a pop-up market selling eco-friendly products - will be held on the last day of the Expo.Under the EXHIBITION+ hybrid model, exhibitors, industry players and buyers worldwide can connect via the smart business matching platform Click2Match until 9 November, capturing green business opportunities.Other concurrent eventsThe Hong Kong International Outdoor and Tech Light Expo takes place from 29 October to 1 November at the AsiaWorld-Expo, showcasing outdoor and professional technical lighting solutions for commercial and industrial use.Free shuttle bus services are offered between the venue and other locations in the city throughout the fair period. Please refer to the following page for details:https://www.hktdc.com/event/ecoexpoasia/tc/travel-to-fairground-awePhoto download: https://bit.ly/3YqLe8HThe 19th Eco Expo Asia, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Hong Kong SAR Government, opened at AsiaWorld-Expo today and runs until 2 November, attracting over 300 exhibitors. Sun Jinlong, Secretary of the Leading Party Members Group and Vice Minister of the Ministry of Ecology and Environment of the People’s Republic of China (front row, eighth from right), Yuan Da, Deputy Secretary General, National Development and Reform Commission of the People’s Republic of China (front row, sixth from right), Wang Peng, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China (front row, sixth from left), Tse Chin-wan, Secretary for Environment and Ecology of the Hong Kong SAR Government (front row, eighth from left), HKTDC Executive Director Margaret Fong (front row, seventh from right), and Judy Cheung, Deputy General Manager, Messe Frankfurt (HK) Ltd (front row, seventh from left), at the opening ceremony of Eco Expo Asia todayMargaret Fong, HKTDC Executive Director, Judy Cheung, Deputy General Manager, Messe Frankfurt (HK) Ltd and honourable guests attended the ExpoHong Kong’s first hydrogen street-cleaning vehicle is displayed at the booth hosted by 12 government units, including the Environment and Ecology BureauThis year’s Expo attracts over 190 exhibitors from the Greater Bay Area. In addition to the Hong Kong Pavilion, Guangdong Province (pictured), Guangzhou Municipality, Shenzhen Municipality, and the Macao SAR have also formed pavilions to showcase products and technologies in waste management, environmental acoustics and water quality management.Companies participating in the Hong Kong SAR Government hydrogen energy trial project showcase hydrogen purification systems and carbon capture and storage equipment at the Canada PavilionElectric vehicles and charging equipment are shown in the Green Transportation ZoneNew green technologies and products are displayed in the Startup ZoneAttendees at the Eco Asia Conference include officials, industry leaders and expertsWebsiteEco Expo Asia: www.ecoexpoasia.comMedia enquiriesPlease contact the HKTDC’s Communications and Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgThe HKTDC’s Media Room: http://mediaroom.hktdc.com/enAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.Background information on Messe FrankfurtThe Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were around € 609 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.For more information, please visit our website at: www.messefrankfurt.com/sustainabilityWith its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Beyond Talk, Into Action: Mumbai’s World AI Show Drives Real AI Change ACN Newswire

Beyond Talk, Into Action: Mumbai’s World AI Show Drives Real AI Change

MUMBAI, INDIA, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - The 43rd global edition of the World AI Show in Mumbai came to a resounding conclusion, bringing together top-notch tech leaders, government officials and policy makers to examine the next steps in the adoption of Generative AI and how it lays the groundwork to empower AI. The grand event was held on the 24 October at Hotel Sahara Star, which provided a platform to showcase next-gen innovations, practical use cases, and AI-driven solutions across industries.The conference featured engaging panel discussions, insightful keynote presentations, and impactful addresses, all highlighting the latest advancements and the strategic advantages that enterprises could benefit through the swift adoption of AI technologies.With over 350+ C-level decision makers in attendance, Industry leaders shared actionable strategies for leveraging these innovations, offering valuable insights into maintaining competitiveness in a fast-evolving digital landscape. Topics of discussion ranged from AI maturity in IT, emerging technologies shaping the future of AI, leadership strategies for driving successful AI Transformation and more.One of the panel discussions focused on "Leadership Strategies for Driving Successful AI Transformation." Moderated by Dr. Ganesh Natarajan, Chairman of Honeywell Automation & 5F World, the panel explored key strategies required to drive AI transformation. Panellists Shvetal Desai, Co-Founder of Nividous; Sujatha S. Iyer, Head of AI Security at ManageEngine; Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance; Naiyya Saggi, Group Co-Founder & Board Member at Good Glamm Group; C.P. Gurnani, Co-Founder & Executive Vice Chairman of AlonOS; and Ashwini Tewari, Managing Director at State Bank of India, shared insights on the importance of investing in AI talent, skills development, and infrastructure.During the discussion, Shvetal Desai, Co-Founder, Nividous, stated,”In today’s fast-paced world, AI-driven automation is not a choice but a necessity. By integrating AI, RPA, and low-code platforms, businesses can unlock unprecedented efficiency, driving innovation and gaining a strategic edge.”In today’s fast-paced world, AI-driven automation is not a choice but a necessity. By integrating AI, RPA, and low-code platforms, businesses can unlock unprecedented efficiency, driving innovation and gaining a strategic edge.Another noteworthy session that grabbed attention was the tech talk on AI maturity in IT. The talk delivered by Sujatha S Iyer, Head of AI Security, ManageEngine shared her insights on the current state of AI, digital and AI maturity, and the road ahead with a focus on contextual intelligence.During the session while speaking about AI maturity, she said, "AI has evolved from back-office support to becoming a boardroom agenda. Organizations need to embrace digital and AI maturity to stay ahead, leveraging contextual intelligence to drive strategic innovation.”“The 43rd global edition of the World AI Show served as a dynamic platform, fostering innovation and facilitating invaluable knowledge exchange through engaging conversations. As India’s financial capital, Mumbai plays a pivotal role in shaping the nation’s technological future, positioning itself as a key hub on the roadmap to digital advancement.” said Anil Kumar, COO, TresconThe World AI Show has solidified its place as a key hub for knowledge sharing, collaboration, and business development within the AI community. As preparations for the next edition begin, excitement is growing for what promises to be an even more remarkable event.The 43rd edition of the World AI Show was supported by:Platinum Partner – MAGURE Tech Middle EastGold Partner – Manage EngineSilver Partner – NividousExhibitors – ADQ, Citiuscomm, Apto.AI, SaleskenSupporting Association – Indian Society of Artificial Intelligence and LawAssociation Partner- IPF Startup HubOfficial Event Tech Partner – KONFHUBOfficial Print Partner – Business StandardAbout Trescon Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.com For media inquiries and further information, please contact: Vishal S S Media, PR and Corporate Communications Specialist TresconEmail: vishals@tresconglobal.comMobile: +91-7358680951 Copyright 2024 ACN Newswire via SeaPRwire.com.
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NH Investment & Securities Partners Alta Exchange To Provide Gateway to Alternative Investments in North and Southeast Asia ACN Newswire

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

This collaboration opens up new pathways for Korean investors to explore alternative asset classes that offer diversification beyond traditional markets.NH I&S and Alta Exchange will also explore the use of blockchain technology to enhance the liquidity and efficiency of financial markets through asset tokenizationSINGAPORE & SEOUL, SOUTH KOREA, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - NH Investment & Securities (“NH I&S”), one of Korea’s largest investment and securities firms, has signed a Memorandum of Understanding (MOU) with AltaX (“Alta Exchange”), Asia’s leading digital securities exchange for alternative assets, bridging North and Southeast Asia’s fast-growing markets for alternative investments. From Left to Right: Kelvin Lee, Group CEO of Alta Group, and Yoon Byoung Un, CEO at NH Investment & Securities.This landmark partnership will also see NH I&S joining as a member firm of Alta Exchange.The MOU between NH I&S and Alta Exchange will seek to explore the use of Alta Exchange’s blockchain-powered exchange to enhance the liquidity and efficiency of financial markets through asset tokenization. As a member firm, NH I&S will gain the ability to list investment opportunities on Alta Exchange, adding to Alta Exchange’s growing inventory of globally-sourced alternative assets.NH I&S investors will benefit from exclusive access to Alta Exchange’s curated selection of investment opportunities, including global private companies, private equity credit funds, and unique real assets such as rare whisky and wines. These opportunities, traded on Alta Exchange’s digital securities exchange, are tailored for high-net-worth individuals, institutional investors, and family offices, offering a diverse range of options across alternative asset classes.As NH I&S joins Alta Exchange’s existing partners such as Singapore-based broker Phillip Securities, corporate finance firm PrimePartners and investment bank Evolve Capital, this partnership also reflects Alta Exchange’s expanding investor network and investment opportunities to firms from overseas.Representatives from Alta Group and NH Investment & Securities pose for a group photo following the signing of the MoUBringing Liquidity and Accessibility to Korean InvestorsThis collaboration opens up new pathways for Korean investors to explore alternative asset classes that offer diversification beyond traditional markets. Furthermore, Alta Exchange’s technology-driven approach to alternative investing helps unlock liquidity, allowing for greater flexibility in the management and trading of these unique assets.“We are excited to partner with NH Investment & Securities, a leader in Korea’s financial landscape, to bring our portfolio of global alternative investment opportunities to Korean investors,” said Kelvin Lee, Group Chief Executive Officer at Alta Group. “Our collaboration aims to democratize access to high-quality alternative assets, giving NH I&S’ clients the tools to invest confidently in private markets, while also enhancing liquidity and transparency.”Expanding Access to Global and Regional OpportunitiesYoon Byoung Un, Chief Executive Officer at NH Investment & Securities, said “This partnership represents a bridge between South Korea and Southeast Asia, two dynamic markets for alternative investing. For NH I&S, the collaboration with Alta Exchange offers the potential to list and promote regional opportunities to its network of investors, while also introducing its clients to unique global assets sourced through Alta Exchange’s expansive network. With Southeast Asia emerging as a hub for private market growth, the partnership provides NH I&S with a strategic entry point into the region, allowing its investors to explore new opportunities in one of the world’s most exciting alternative investment markets.”About Alta ExchangeAs the leading licensed digital securities exchange for alternative investments in Asia, we are building critical capital market infrastructure backed by some of the most active securities brokerages and bookrunners on the Singapore Exchange - Phillip Securities, PrimePartners and Nomura Holdings (Japan).Empowering Private Markets: Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets. We believe that access to capital markets are pivotal in all economies, we recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.Innovative Financial Ecosystem: Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities representing real world assets like whiskies and wines, to include fund management and digital custody.Visit us on https://alta.exchange/ About NH Investment & SecuritiesNH Investment & Securities is one of South Korea’s largest investment and securities firm, offering a broad range of investment services, including wealth management, asset management, and brokerage. As part of the NongHyup Financial Group, NH Investment & Securities benefits from strong agricultural sector roots and solid backing from one of South Korea’s largest cooperative group. On the back of the pan-NongHyup group with more than KRW 200 trillion of asset under management, NHIS is enhancing its industry market presence and reputation.Top-tile League Table: NHIS ranked the first and second in DCM and ECM as of the end of 2023 to maintain its top-tier position of investment banking, providing advisory and financing services for mergers, acquisitions, and corporate restructuring, with robust client network. Growing Global Channels: Going global by establishing its presence in New York in 1992, NH Investment & Securities has built a network of eight locations across seven countries as of the end of 2023. While its global operations initially focused on stock brokerage, this has evolved to successfully establish a global business portfolio encompassing IB, overseas bonds, global product sourcing, and overseas stock brokerage.For media inquiries, please contact:PRecious Communications, on behalf of Altaalta@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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The Future of Southeast Asia’s Ceramics and Natural Stone Industry to be Unveiled in Ho Chi Minh City ACN Newswire

The Future of Southeast Asia’s Ceramics and Natural Stone Industry to be Unveiled in Ho Chi Minh City

HANOI, Vietnam, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - ASEAN Ceramics 2024 will return to Vietnam for its 8th edition, happening from 11thto 13th December 2024. Organised by MMI Asia, the regional subsidiary of Messe München GmbH and Vietnam Building Ceramic Association (VIBCA), ASEAN Ceramics 2024 is the leading international exhibition of machinery, technology, and materials for manufacturing white-ware, heavy clay, and advanced ceramics. The exhibition will be co-locating with a debuting exhibition, ASEAN Stone 2024, which involves the participation of international exhibiting companies and brands of machinery, tools, chemicals and materials of the Stone industry.Group picture of organisers and associations supporting ASEAN Ceramics & ASEAN Stone 2024Following the success of the previous edition in Hanoi, ASEAN Ceramics is set to receive continued endorsement from the Ministry of Construction of Vietnam and Ceramic Industry Club ASEAN (CICA). The exhibition has garnered robust support from both domestic and international government entities, Association of Italian Manufacturers of Machinery and Equipment for Ceramics (ACIMAC), China Council for the Promotion of International Trade (CCPIT) Building Materials Sub-Council, Vietnam Ceramic Consumer Association (VCCA), Vietnam Association for Building Materials (VABM), Vietnam Institute for Building Materials (VIBM), and Saigon Construction and Building Material Association (SACA), Thai Ceramic Society (TCS), Bangladesh Ceramic Manufacturers & Exporters Association (BCMEA), Southern Construction Materials (VLXD-MN), Bach Khoa University (formerly Ho Chi Minh City University of Technology) and Cambodia Stone Quarries Association.Additionally, the debut of German Pavilion German Pavilion is backed by the German Federal Ministry of Economic Affairs & Climate Action (BMWK), Deutsche Keramische Gesellschaft (DKG), and Association of German Trade Fair (AUMA). The Indian Pavilion is supported by the Federation of Indian Export Organizations (FIEO). The exhibition will also benefit from the partnership of Vietnam Exhibition and Event Services Co., Ltd (VnEES), with advisory support from Asian Exhibition Services (AES). Proudly sponsored by Esmalglass-Itaca Group as the Gold Sponsor, and ACIMAC and Confindustria Marmomacchine as Silver Sponsors, the event also recognizes Minnovation Group as a Bronze Sponsor.Keeping in mind of “Sustainability and Diversity through Innovation and Collaboration” as the theme of ASEAN Ceramics this year, the exhibition will be strongly highlighting ceramic companies that spearhead the use of latest innovations and technology to create sustainable production methods. The 3-day conference will engage unique and pressing industry trends and worldclass industry speakers will share their insights on topics such as “From Climate Change to Net Zero Society” and “Staying Resilient in Ceramic Industry”, which will foster indefinite growth and innovative ideas to be formed to elevate the ceramics industry to further heights.Michael Wilton, CEO & Managing Director of MMI Asia, stated during the press conference, “The ceramics industry is evolving rapidly, driven by advances in automation and sustainability. This exhibition will highlight the latest in ceramic manufacturing equipment, energy-efficient solutions, and much more. We aim to give visitors the chance to see first-hand how these businesses are reshaping the future of ceramics production.”.Mr. Michael Wilton, CEO & Managing Director of MMI AsiaASEAN Ceramics 2024 will be featuring more international pavilions than ever, with China, Italy, Vietnam, Thailand, Germany, and India country pavilions, providing a diverse range of raw materials, machinery and technologies spearheaded by the countries across continents. Ceramic Raw Materials will take center stage with industry giants - Imerys, Mactus Minerals, Sibelco Group, Kaolin EAD, Amberger Kaolinwerke, WA Kaolin, CCS, PURESIL, CrownSinoGroup, MMA Bentonite, and Zircon Industry Association , along with machineries and technologies from Officine Smac, Certech, Tecnoferrari Group, ECT-Kema, NETZSCH, Bruker, Castimo, INMATEC, LK Lab Srl, Eirich, Keramischer Ofenbau and Vitreus to name a few, with biggest local distributors TQT and VITIS Vietnam. The exhibition also provides exclusive three pre-event factory tour on ceramic slabs, sanitaryware, and tiles and trade visitors can look forward to Buyer-Seller meetings, pre-arranged Hosted Buyers Program, Manufacturers’ Gallery and many more functions catered to optimise their business opportunities over the next significant three days.The ASEAN Ceramics & ASEAN Stone Press Conference held in Hanoi, VietnamAlongside the 8th edition of ASEAN Ceramics, ASEAN Stone will be introduced for its first edition, co-locating with ASEAN Ceramics. ASEAN Stone is Southeast Asia’s Only International Exhibition for the Natural Stone Industry. The exhibition offers buyers, specifiers, and influencers the opportunity to source products, gain design inspiration, and expand their businesses with the latest innovations in equipment, tools, and technology. Both local stone quarries and international natural stone brands, such as Bao Lai Stone, Fortune Stones, and The Square Stone will be featured. The premier event is supported by Confindustria Marmomacchine of Italy, CCPIT Building Sub-Council of China and FIEO of India. Connect with influential players in the stone industry to forge essential business partnerships and expand your reach in the region. Don’t miss the ASEAN Stone Conference, where you can gain insights into the latest industry trends, giving your company a competitive advantage. The co-location of the two exhibitions will feature a joint Opening Ceremony on the first day, uniting industry leaders from Ceramics and Stone for a revolutionizing event.ASEAN Ceramics and ASEAN Stone 2024 are set to be pivotal events in the ceramics and stone industry respectively, propelling innovation, collaboration, and growth. The opportunity to visit the only co-located exhibition for the ceramics and stone industry in the region is here. Stay updated on the latest news, exhibitor profiles, and conference schedules by visiting the official ASEAN Ceramics 2024 website at www.aseanceramics.com.Left: Mr. Tống Văn Nga, Chairman of Vietnam Association of Building Materials (VABM)Right: Mr. Lê Trung Thành, Head of the Building Materials Department of the Ministry of Construction,VietnamAbout MMI Asia Pte LtdEstablished in 1992, MMI Asia is the wholly owned subsidiary and the regional headquarters of Messe München GMBH (MMG) and is one of the world largest and leading exhibition organizers. MMI Asia’s portfolio of events include editions of world-leading trade fairs from Munich – transport logistic & air cargo, analytica, ceramitec; as well as industry-specific events such as Glasstech and Fenestration Asia, Asia Climate Forum, and Singapore International Water Week. MMI Asia also provides consultancy in professional trade fair and conference management to government bodies, international trade and promotion organizations, and trade associations. For more information, please visit www.mmiasia.com.About Vietnam Building Ceramic Association (VIBCA)Vietnam Building Ceramic Association is a professional organization, non-governmental, voluntary, established under Decision No. 41/1999 / QD - BTCCBCP dated 04-10-1999 of the Minister, Head of the Organizing Committee Government personnel. Currently VIBCA includes around 100 members are enterprises of different economic sectors, operating mainly in the field of building ceramics, including the associate members are research institutions, investment consulting, manufacturing and mechanical engineering. VIBCA is a member of the Association of ASEAN Ceramics Industry CICA and intimate relationship with the Association Ceramics of countries in ASEAN and in the world.Contact:MMI Asia Pte. Ltd.Daniel ShiExhibition DirectorDaniel@mmiasia.com.sgVietnam Building Ceramic AssociationMs Vu Thi Kim Dung - 84 915114000Chief of Foreign Affairs: vibcaoffice@gmail.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Rockbird Media’s HR Leaders & HR Tech Strategy Meeting to Navigate the Human-Tech Frontier in Indonesia ACN Newswire

Rockbird Media’s HR Leaders & HR Tech Strategy Meeting to Navigate the Human-Tech Frontier in Indonesia

JAKARTA, Oct 30, 2024 - (ACN Newswire via SeaPRwire.com) - As Indonesia races towards its Golden Indonesia 2045 vision, rockbird media is at the forefront of HR innovation with the announcement of its highly anticipated HR Leaders & HR Tech Strategy Meeting. Set to take place on November 19, 2024, at the prestigious Le Meridien Jakarta, this landmark event carries the theme "Disrupting the Disruption: Balancing People and Tech," promising to redefine the intersection of human capital and technological advancement in Southeast Asia's largest economy.With Indonesia's HR Technology market projected to experience exponential growth in the coming years, this strategic gathering comes at a crucial juncture. The event will equip HR leaders with cutting-edge strategies to navigate the complexities of a rapidly digitalizing workforce while maintaining a strong focus on human-centric approaches. Attendees will delve into critical areas such as upskilling and reskilling initiatives, enhancing employee experiences, and harnessing the potential of a multigenerational workforce in the face of technological disruption.The HR Leaders & HR Tech Strategy Meeting will feature an impressive lineup of activities, including keynote presentations from industry visionaries, one-on-one meetings for personalized insights, dynamic breakout sessions, thought-provoking roundtable discussions, and engaging panel discussions. The event promises to be a crucible of industry perspectives and tailored solutions for over a hundred CHROs, Directors, and Heads of HR.Focusing on Indonesia's unique HR landscape and the implications of the Golden Indonesia initiative, attendees will explore how to align their organizational strategies with national goals, preparing their workforce for the country's ambitious economic targets.For more information, including registration details, the full agenda, speaker announcements, and pricing, please visit: https://rockbirdmedia.com/all_b2b/hrlt-id-2024/About rockbird mediaRockbird media is an international business media company that produces B2B events and offers business solutions.Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.Media contact:Ann Jubelle De Veraannjubelle@rockbirdmedia.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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CIMC Group Announces the First Three Quarters Results for 2024 ACN Newswire

CIMC Group Announces the First Three Quarters Results for 2024

Result Highlights01.In the first three quarters of 2024, the operating revenue of the Group was RMB128.971 billion, increased 35.58% year-on-year. The net profit attributable to shareholders and other equity holders of the parent company amounted to RMB1.828 billion, increase 268.87% year-on-year. The net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss amounted to RMB1.692 billion, increased 40.34% year-on-year.02.Demand and supply for container shipping-related businesses remained robust, with the cumulative sales volume of standard dry containers in container manufacturing increasing by 421.78%; core product lines in logistics services achieved year-on-year growth in both volume and price.03.For marine engineering business revenue increased by 77.75% year-on-year. New orders that have taken effect in the first three quarters increased by 121% year-on-year to USD 3.25 billion, setting a record high in the order history. For the first time, it broke through product types and won FLNG modification package orders.HONG KONG, Oct 29, 2024 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited third-quarter results for the nine months ended 30 September 2024 (the “Period”). In the first three quarters of 2024, CIMC Group's overall operating performance accelerated, with revenue increased by 35.58% year-on-year to RMB 128.971 billion (RMB, the same below) (2023 Q3: RMB 95.124 billion). Net profit attributable to shareholders and other equity holders of the Company was RMB 1.828 billion (2023 Q3: RMB 496 million), a year-on-year increase of 268.87%. The net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss amounted to RMB 1.692 billion (2023 Q3: RMB 1.205 billion), a year-on-year increase of 40.34%. From a single quarter perspective, CIMC Group's net profit attributable to shareholders and other equity holders of the Company increased by 891.78% year-on-year to RMB 962 million in the third quarter, and the net profit attributable to shareholders and other equity holders of the parent company after deducting nonrecurring profit or loss increased by 280.89% to RMB 871 million.In the container manufacturing business, it saw a significant year-on-year increase in production and sales volume. The cumulative sales volume of standard dry containers increased by 421.78%. The demand of global container trade picked up in the first three quarters of 2024. In response to the risk of container shortage brought about by these uncertain events such as the prolonged Red Sea conflict and port strikes, customers had stronger willingness to reserve containers. As a result, during the the first three quarters of 2024, the production and sales volume of the Group’s container manufacturing business witnessed a significant year-on-year increase. In particular, the accumulated sales volume of dry containers reached 2,486,300 TEUs (same period in 2023: 476,500 TEUs), representing a year-on-year increase of approximately 421.78%. The accumulated sales volume of reefer containers reached 93,400 TEUs (same period in 2023: 80,100 TEUs), representing a year-on-year increase of approximately 16.60%. According to the prediction made by CLARKSONS, in September 2024, the growth of global container trade will significantly increase from 0.7% in 2023 to 5.2% in 2024, and in 2025, the global container trade is expected to see a further growth of 2.8%.In the marine engineering business, as new orders entered the construction period successively, the offshore engineering business of the Group recorded a year-on-year increase of 77.75%. In the first three quarters of 2024, the amount of effective new orders increased by 121% year-on-year to USD 3.25 billion, hitting a record high in order values and making breakthrough in product type for the first time by winning a packages order for FLNG modification. The accumulated value of orders on hand increased by 42% to USD 7.4 billion. Among which the proportion of oil and gas business, wind power installation vessels and ro-ro ships was approximately 3:1:1. Due to local war and the slowdown of global new energy transformation, international oil prices remained high, the offshore engineering equipment market continued its recovery.In the airport facilities and logistics equipment, fire safety and rescue equipment business, the Group is striving to explore more new pathways for business development with national economic stimulus measures contributing to a year-on-year increase in new orders for the first three quarters. The Group achieved a year-on-year increase in revenue and profit due to the increased number of projects which have passed inspection and acceptance and have been delivered as compared to the same period last year. Following the establishment of a project company to develop ground power services for civil aviation in the middle of the year, CIMC Tianda is striving to explore more new pathways for business development by venturing into new areas that have synergistic effect with airport facilities and fire safety businesses, thus promoting diversification and long-term sustainable development of business.In the logistics services business, both revenue and profitability index experienced significant year-on-year growth, with core product lines achieving increases in both business volume and price. Following the global expansion strategy of Chinese enterprises closely, the Group’s logistics services business deeply focused on customer-specific needs, deepened organizational integration to support the theme of high-quality development, and targeting overseas markets such as the United States and Southeast Asia, while enhancing its “digital intelligence” capabilities. In the third quarter, the Group further expanded sea freight service chain. Focus was put on advancing air freight routes connecting Central Asia and product offerings for European lines was further expanded. The Group integrated internal specialised land transport resources to establish a land transport company to carry out external operations in a unified way.For road transportation vehicle business, the Group sold a total of 94,749 vehicles in the global market, achieved revenue of RMB15.823 billion, representing a year-on-year decrease of 19.14%. In the domestic market, the growth of the logistics and transportation sector slowed down, putting pressure on the terminal market of commercial vehicles. However, thanks to the comprehensive implementation of the “StarLink Project”, the overall domestic vehicle sales have seen a commendable increase year-on-year against the trend. In the overseas market, as the demand for semi-trailers in North America returned to a normal level, the sales of semi-trailers in North America declined year-on-year in the first three quarters; demand in the European semi-trailer market decreased with affected by the fluctuation in shipping supply chain of European routes. CIMC Vehicles actively advanced supply chain restructuring and business synergistical integration in Europe while actively exploring new customers in other overseas markets at the same time. In particular, the Australian operations maintained a growth trend.In the energy, chemical and liquid food business, CIMC Enric steadily achieved an overall revenue growth of 8.0% year-on-year to RMB17.969 billion. As of the end of September 2024, CIMC Enric’s overall orders on hand amounted to approximately RMB27.732 billion, representing a year-on-year increase of 25.2%. The accumulated new orders signed in the first three quarters amounted to RMB20.761 billion, representing a year-on-year increase of 5.1%. In 2024, both apparent consumption and imports of domestic natural gas increased, driving significant growth in both offshore and onshore clean energy businesses. The revenue of the clean energy segment soared by 26.2% year-on-year to RMB12.599 billion in the first three quarters of 2024. The chemical and environment business modestly recovered amid the gradual improvement in global demand for chemical tank containers. The segment registered a quarter-on-quarter revenue increase of 21.5% in the third quarter. The orders on hand of the liquid food segment was ample and the business revenue increased steadily in the first three quarters of 2024.The management of the Group stated, “Although the recovery of the world economy faces challenges, the Group has overcome difficulties in 2024 amid a rebound in global container trade demand, and the recovery of the offshore engineering market, striving to maintain stability while improving quality. Core business orders were strong, and overall profitability has improved. Looking ahead, the Group will continue to strengthen its global layout strategy, consolidate the foundation of its global operating platform, seize key opportunities in productivity and technological innovation, and continue to create new value and momentum to achieve high-quality growth goals.”About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world leading equipment and solution provider in logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns 3 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB127.81 billion, with gross profit margin remained at 13.77% and net profit of RMB 1.863 billion. The Group was ranked 170th in the Fortune 500 China 2023. For more information, please visit http://www.cimc.com/. Copyright 2024 ACN Newswire via SeaPRwire.com.
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