A year after delisting from the London Stock Exchange, Millennium & Copthorne Hotels Limited (M&C), a global hospitality leader, disclosed today major initiatives that will prepare it for a recovery by as early as 2021 from the recent challenges caused by the COVID-19 pandemic. The privatisation granted M&C greater agility and cushioned impact of the pandemic. Lessons learned and operational changes in recent months have helped to lay a much stronger foundation. Properties across the globe have started to show ‘green shoots’ of improvements in occupancy and Gross Operating Profit (GOP) from the second half of 2020 which are expected…
Author: Marie Jones
Specially designed for the African electric power & energy industry, POWER WEEK AFRICA (20 – 23 April 2021) is the 3rd annual international virtual conference delivering a unique experience for each day of the event. We will be broadcasting live interactive presentations, in-depth panel discussions, and networking sessions from leading experts across the world. Join in from wherever you are online either live or watch the sessions on-demand. You are guaranteed 7 days of learning opportunities inclusive of a 4-day main conference, 3 supplementary workshops, multiple case studies from a wide array of perspectives, expert opinions and unrivalled insights into…
Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that the completion of the Subscription Agreement of the issuance of the three-year convertible bonds in the aggregate principal amount of HK$97,800,000. The bond Subscriber is the wholly-owned subsidiary of Kai Yuan Holdings Limited (Stock Code: 1215). The net proceeds are intended to be used for the enhancement of the existing business of the Group and working capital. The Board of Directors considers this move presents an opportunity for the Group to strengthen its financial position while optimizing its investor and…
A safe, decent, and healthy home has been the first line of defense for families around the globe during the COVID-19 pandemic. Thanks to the work of Habitat for Humanity, more than 5.9 million people accessed better housing in the last year, according to the global nonprofit’s fiscal year 2020 annual report released today. In Asia and the Pacific region, Habitat has helped more than 1.9 million people have access to better housing. The report highlights how the organization addressed the need for safe, decent and affordable shelter worldwide, under mounting headwinds from the pandemic that restricted some of the…
Industry elites examine opportunities amid volatility at virtual event The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today, running online for the first time in light of the pandemic. More than 60 experts and leaders from the logistics, maritime and aviation industries will share their insights at the two-day programme. Today’s opening session was officiated by Carrie Lam, Chief Executive of the HKSAR. Margaret Fong, Executive Director of the HKTDC, welcomed…
WPS Office Enhanced Technological Abilities and Established a Comprehensive Ecosystem for Office Products Online Games Business Expanded Development Plans for Long-term Growth Potential Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2020 (“period under review”). During the period under review, the revenue of Kingsoft increased 34% year-on-year to RMB1,397.3 million. Revenue from online games and office software and services and others represented 56% and 44% respectively of total revenue. Gross profit for the third quarter increased…
On 16-19 November 2020 (09:00, GMT+8), The Future Energy Show Philippines (16-17 November) and The Future Energy Show Vietnam (18-19 November) launches live online, bringing together thousands of virtual participants to chart the future of energy in two of Southeast Asia’s most exciting markets. With Vietnam’s growing population, industrialization, and position as the next cost-competitive global manufacturing hub the country’s demand for electricity is expected to increase to 526 billion kWh in 2030, an increase of 8.3 percent from 2021-30. Vietnam targets have 15-20% of its power capacity produced by renewable energy by 2030, doubling renewable energy capacity, to help…
RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the “Company” or “RIWI”), a global trend-tracking and prediction technology firm, announces that BofA Securities has awarded an initial contract order to RIWI for over US$650,000 under its new three-year long-term agreement (the “Agreement”). BofA Securities represents the Bank of America’s institutional broker-dealer businesses, including Global Markets, Investment Banking, and Capital Markets. This new contract order is the first request for RIWI data collection services under the Agreement signed between RIWI and BofA Securities on August 1, 2020. Under the Agreement, BofA Securities enjoys the opportunity to issue additional contract orders for RIWI…
Today, Blockpass has revealed its latest partner in the form of Base Protocol, a synthetic crypto asset that derives its price from the total market cap of all cryptocurrencies. Blockpass will be providing eKYC services to Base Protocol, which is currently preparing to launch its private BASE token pre-sale. Described at the ‘S&P 500 for crypto’, Base Protocol acts as a one-stop trading instrument which allows holders to speculate on all cryptocurrencies simultaneously, rather than just one or a select portfolio of multiple. It allows traders to agnostically invest in the entire crypto ecosystem. Although this is its primary function,…
Revenue Increased by 114% to HK$786.1 Million Profit for the Period amounted to HK$70.2 Million Declared an Interim Dividend of 4.0 HK Cents per share Grand Ming Group Holdings Limited (the “Company” and together with its subsidiaries, the “Group”, stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2020 (“FH 2020/21”). Highlights – Revenue amounted to approximately HK$786.1 million, up by 114% from the last corresponding period. – Net profit reached approximately $70.2 million, representing an increase of 60%. – Underlying profit increased by 223% to approximately HK$83.4 million, excluding the change in fair…