SGX mainboard-listed company, The Place Holdings Limited (“The Place Holdings”, the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that it has entered into a non-binding Memorandum of Understanding (“MOU”) to acquire a 51% stake in two entities which hold the IP Rights of design patent and certain trademarks that are related to property landmark, THE PLACE, in Beijing as well as certain assets and businesses relating to the iconic attraction, Shimao Tianjie Sky Screen, in Beijing. Highlights: – The first acquisition relates to the intellectual Property Rights (“IP Rights”) of design patent and certain trademarks…
Author: Marie Jones
Moody’s has upgraded the issuer rating and senior unsecured rating of Lenovo Group (HKG:992) to Baa2 from Baa3, and has revised the outlook to stable from positive, according to China Securities Journal. Currently, all three major international credit rating agencies have assigned a more positive investment rating to Lenovo Group. In addition to Moody’s, Fitch affirmed Lenovo’s rating at “BBB” with a “stable” outlook earlier, and S&P affirmed Lenovo’s rating at ‘BBB-‘ with a “positive” outlook in July 2021. Moody’s said, “The rating upgrade reflects Lenovo’s improved credit profile in terms of leverage, driven by debt reduction and a higher…
President Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness. On October 14, 2021, Jokowi stated that he was pleased to witness the clustering of container terminal operator and port development firm Pelindo into one holding, which was PT Pelabuhan Indonesia, to cuts logistics costs and helps improve connectivity throughout Indonesia. According to Jokowi, the clustering forms into one great power, as it builds networking with partnerships abroad. “Through partnering with overseas companies who have networks, the (SOEs’) link to all countries can become a…
Nuance Pharma to develop and commercialize Bentrio(TM) nasal spray in Chinese Mainland, Hong Kong, Macau and South Korea Altamira to receive up to $23.5 million in upfront and milestone payments during initial phase of supply Bentrio(TM) to Nuance Altamira to receive royalties on sales following start of local production of Bentrio(TM) by Nuance Altamira Therapeutics Ltd. (NASDAQ:CYTO), a company dedicated to addressing unmet medical needs through RNA therapeutics, allergy and viral infection protection, and inner ear therapeutics, announced today that it has entered into an exclusive licensing and distribution agreement (the Agreement) for Bentrio(TM), its nasal spray for protection against…
Global renewable energy developer, service provider and distributor BayWa r.e. announced the successful completion and handover of new sanitary facilities for Khuoi Lay Elementary School and Suoi Long Elementary School in Lang Son Province, Vietnam. This forms part of BayWa r.e.’s longstanding commitment to meaningfully contribute to communities in which it operates, and reaffirms the company’s continued dedication to drive sustainable growth for the people of Lang Son province. Gender-segregated washroom facilities were built for both elementary schools, benefiting more than 40 students and staff members. These washrooms come equipped with water tanks and electrical wiring systems, and utilise a…
CadencyDirect Extends Digital Workflows for the Office of the CFO with Journal Entry Automation Further Strengthening Companies’ Digital Transformation, IRM, GRC and ESG Initiatives Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with journal entry automation. This provides key stakeholders across the business with visibility and transparency into historically siloed disciplines to create a more connected organization that opens the door to enterprise-wide digital transformation. “With this release, we are helping to make work flow…
Fastbase. (“The Company”, “we” and “our”) (OTC: FBSE) announced today that it has acquired 24.5% of Etheralabs LLC, a New York City based venture lab and ecosystem that invests in, builds and implements disruptive technologies across the Blockchain area. Fastbase CEO Rasmus Refer said: “Etheralabs LLC’s disruptive technology and products are in line with fastbase’s mission to become the world’s leading data provider. Fastbase’s vision is always to be first with the most superior technologies to collect, analyze and provide data to companies to empower sales and marketing. Fastbase are already using advanced crawler technology, AI and with the acquisition…
Yeahka Limited (Yeahka or the Company) (09923.HK) has announced a donation of 60,000 antigen rapid test kits to support Hong Kong’s fight against the increasingly serious outbreak of Covid-19. The antigen rapid test kits will be donated to Po Leung Kuk and distributed to the elderly and disabled through its elderly service units and rehabilitation service units respectively, helping them monitor their health status in real time. The fifth wave of the pandemic has proven challenging for Hong Kong, with the number of new daily COVID-19 infections hitting record highs. In the face of the severe pandemic situation, there is…
TOKYO & MUMBAI, Mar 3, 2022 – (JCN Newswire) – JCB International Co., Ltd. along with National Payments Corporation of India (NPCI) in association with BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) have joined hands to launch the IRCTC BoB RuPay JCB Credit Card. The new co-branded credit card which was unveiled on 21st February 2022 focuses on offering many special features and benefits to travellers of the Indian railways, the largest rail network in Asia and the world’s second largest under one management. Besides offering significant benefits on…
Hong Kong-based global power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. (TTI or the Group) (HKG: 669, ADR symbol: TTNDY) is pleased to report that 2021 was an extraordinary year for TTI with outstanding revenue and profit growth. The Group delivered sales of US$13.2 billion, an increase of 34.6%. Over the two-year period, TTI significantly outperformed the market with +72.2% sales growth. Increased strategic investments in new products, manufacturing capacity, geographic expansion, logistics, and in-field marketing initiatives propelled TTI’s industry-leading performance — Full-year organic sales growth of US$3.4 billion, +34.6% — Gross margin improved for the 13th…