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  • Raffles Financial Appoints Mike Zhou as Executive Director

    Raffles Financial Appoints Mike Zhou as Executive Director

    Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) today announced that it has appointed Mike Zhou, previously Independent Director, as Executive Director for North America.

    Mr. Zhou’s expertise, developed over the course of a decade, covers capital markets and international business strategy with a special focus on the technology sector. In recent years, he has held management positions and director roles throughout the FinTech, digital marketing, consulting, and financial sectors.

    From 2013 to 2015, Mr. Zhou served as Manager of Corporate Development for BiYond (China) Corp. Under his management, the firm successfully launched a multi-million-dollar FinTech Joint Venture and structured the merger & acquisition of a digital marketing corporation. In late 2015, Mr. Zhou also co-founded a private investment and consulting firm.

    “Mike’s industry background and in-depth knowledge of the FinTech sector paired with deep understanding of the Canadian capital markets landscape is a valuable asset for Raffles as we move towards our goal of becoming a global diversified financial services firm. We are pleased to have him on our Board and are excited to see the North American chapter of Raffles’ story develop further,” said Dr. Charlie In, Chairman of Raffles.

    About Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF)
    Raffles Financial Pte Ltd (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance advisory firm, registered with the Monetary Authority of Singapore, which provides public listing advisory and arrangement services. Raffles Financial serves as advisor for family trusts, family offices and investment funds. Please visit www.rafflesfinancial.co for more information.

    For more information, please contact:
    Cathy Hume, Investor Relations
    Phone: 416-868-1079 x 231
    Email: cathy@chfir.com

    Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67583

  • Jiashan China 2020 International Investment and Trade Fair Held

    The Jiashan China 2020 International Investment and Trade Fair was held at the Jiashan Yunlan Bay International Convention Center, Zhejiang Province on October 28th. More than 600 business people, including representatives of the relevant provincial and municipal departments, management of domestic companies and foreign businessmen from the UK, Japan, Germany, Italy and Spain attended the event. Jiashan County, one of the top 100 counties in China, has held the Jiashan Trade Fair annually since 2003, and has been ranked among the top 10 counties attracting foreign investment to Zhejiang Province for 18 consecutive years.

    This image has an empty alt attribute; its file name is JiashanTradeFair,HongHupeng-420.jpg

    Opening the 2020 Trade Fair, Hong Hupeng, member of the Standing Committee, Jiaxing Municipal Committee of the Communist Party of China and Secretary of the Jiashan County Party Committee, pointed out that Jiashan was the brightest water town south of the Yangtze River. Jiashan supported and offered opportunity with favourable policies, first-class planning and innovative reforms. Jiashan encouraged entrepreneurship and innovation by introducing the best science and technology resources, and attracted high-end talent by bringing together the best public services and providing the best financial ecosystem. The future Jiashan is full of potential.

    Xu Mingyang, head of Jiashan County, introduced “Meeting Jiashan and Foreseeing the Future” and described the future of Jiashan with five future scenarios. In terms of the future city, a demonstration area of “not Shanghai, but more than Shanghai” will be built. In terms of the future industry, several “internationally competitive” industrial clusters will be cultivated. In terms of the future entrepreneurship, a group of young entrepreneurs who “dare to create miracles” will gather; In terms of the future traffic, a traffic network which “will not be backward in 50 years” will be established; In terms of the future life, “man and nature living was harmony” was presented.

    Contracts signed at the 2020 Jiashan Trade Fair included 59 industrial projects, among which 4 Global 500 projects and 3 projects over 10 billion RMB, with a total investment of 74.6 billion RMB, and a fund of 18 billion RMB was established. Both the quality and quantity were the most from past years, around the semiconductor, integrated circuits, high-end equipment, new materials, artificial intelligence, life and health, new energy and other key development industries, fully reflects the future trend of industry in Jiashan.

    For more information, please visit http://www.jiashan.gov.cn.

  • Shrinkflex (SET: SFT) is Listed on the Stock Exchange of Thailand

    Shrinkflex (SET: SFT) is Listed on the Stock Exchange of Thailand

    Shrinkflex (Thailand) PCL (SET: SFT) is a leading provider of integrated labeling solutions featuring plastic shrink films in ASEAN. On October 29 the company was listed in the Market for Alternative Investment (MAI).

    SFT executives are moving ahead with plans to invest in expanding the company’s manufacturing facilities and adding new lines of products. The investment plans will add better value and boost the company’s brand image in anticipation of continuing market growth in spite of the Covid-19 pandemic. This year’s growth is expected to be in the double-digits.

    Mr. Sung Cheong Tsoi, SFT’s Founder and Chief Executive Office, says he is confident that, having listed in the MAI under the symbol SFT, the company will receive great interest from investors because of the company’s tremendous business potential.

    SFT’s strength lies in its experience and expertise in the production of shrink film labels for more than 12 years. The company has helped its customers meet the challenge of building a positive image and adding value to their brand identity. Its integrated shrink film label solutions have long earned SFT customers’ trust.

    Thailand is currently a production hub for export of food and beverage products, which has led to a stronger demand for shrink film labels for brand building. Furthermore, shrink film labels have been popularly used to replace other types of labels. Consequently, the shrink film label industry has grown substantially, with this year’s growth predicted to reach 5% even in the face of the Covid-19 pandemic.

    SFT is in a good position to take advantage of the situation. The company has the production capability, employing modern technology in both gravure and digital printing, which enables it to meet customers’ demand for high-quality shrink film labels with quick turnaround.

    SFT is currently in the process of building a new manufacturing plant to increase its production capacity from 133 million meters a year to 185 million meters a year. The company is also adding new product lines, such as POF shrink film and flexible packaging, which would add more value to our customers’ brands.

    Looking ahead, the company is confident that its growth this year would be in the double-digits or at least 10% even against adverse conditions like the Covid-19 pandemic and uncertain political situations. In the first half of the year (January-June 2020), SFT earned 330.47 million baht in revenue, an increase of 12.05% compared to the same period of last year, and an operating profit of 49.64 million baht, an increase of 14.38% compared to last year.

    “We’ve set our sight on being a leader in the ASEAN region in providing integrated labeling solutions for shrink film labels,” says Mr. Sung Cheong Tsoi. “We are determined to provide both products and services from beginning to finish to help add better value to our customers’ brands. This will have direct and positive impacts for both our current and new customers, and in turn will contribute to our sustainable growth.”

    Speaking as SFT’s financial advisor and underwriter, Mr. Khomklit Meekumsat, Managing Director of the Capital Market Department at RHB Securities (Thailand) Pcl., says SFT is a company with great potentials as it is a leading provider of complete labeling solutions with shrink film labeling products.

    “The company provides consultations on packaging, selection of package shapes and packaging designs as well as technical details about film shrinking. This enables it to meet the demand of customers in various industries, for example, foods and beverages, cosmetics, beauty products and household products,” Mr. Khomklit says.

    Meanwhile, SFT is boosting its competitiveness with an investment plan that will see an expansion of production capacity and an addition of new lines of products. Furthermore, the company will have teams of experts working closely with customers in the development of shrink film labels that are fit for their products and boost their brand identities.

    Those are the reasons why SFT has earned the trust of many prominent enterprises, such as Oishi Trading Co., Ltd., Ichitan Group Pcl., Sri Nana Porn Marketing Pcl., Cosmos Brewery (Thailand) Co., Ltd., Better Way (Thailand) Co., Ltd., and Lion Corporation (Thailand) Ltd.

    As a result of the factors mentioned, SFT’s past performance has seen a sustained, continual growth trajectory. It is particularly true during the past three years (2017-2019). The company’s compound average growth rate (CAGR) is 70.65% is a testament to its strength of performance.

    It can, therefore, be stated with confidence that when the SFT stock begins trading in the Market for Alternative Investment, it would be a growth stock that will draw strong interest from investors.

    Released by Public Relations Dept., MT Multimedia Co., Ltd. for Shrinkflex (Thailand) Plc.

    For additional information,
    Yuttachai (Tle) Praikanahok
    Tel: +66 2 612 2081 ext. 125, or +66 91 736 2866
    Email: yuttachai.p@mtmultimedia.com

  • RIWI Predicted the Tight Race Seen in Today’s Results, and Now Publicly Releases All RIWI Election Reports Prepared Since September 8 for American, British and Asian Finance Clients

    RIWI Predicted the Tight Race Seen in Today’s Results, and Now Publicly Releases All RIWI Election Reports Prepared Since September 8 for American, British and Asian Finance Clients

    RIWI Corp. (TSXV: RIWI) (OTC: RWCRF) (the “Company” or “RIWI”), a global trend-tracking and prediction technology firm, today publicly released all of the U.S. Election reports that the Company prepared for global finance clients since September 8, 2020.

    In contrast to almost all public polling and mainstream media forecasts that predicted a “Blue Wave” and blowout victory for former Vice President Joe Biden, RIWI’s final client report on November 2, at 10 am Eastern Standard Time, showed a different story: the much tighter race that we see in today’s results. RIWI’s randomly engaged forecasters represented a continuous evaluation of the views of 100,584 different Americans.

    RIWI’s approach is unique. “For RIWI technology, one truly random forecast from one randomly engaged, anonymous person is worth far more than 10 non-randomly engaged, non-random traditional survey respondents who habitually offer their personal opinions, sometimes even in exchange for incentives,” said Neil Seeman, RIWI’s Chief Executive Officer. “Ensuring the anonymity of any respondent, without ever collecting personally identifiable information, is essential to both accurate and ethically responsible data collection,” said Mr. Seeman.

    “For our continuous surveys, risk monitoring and message testing in any country, RIWI’s machine-learning tools and predictive power remove human biases,” added Mr. Seeman. “RIWI prides itself on its unique capacity to hear the real opinions of quiet voices who do not, or choose not to, participate in human-manipulated polling techniques which are increasingly non-scientific and non-random,” said Mr. Seeman.

    All RIWI’s reports for the U.S. 2020 Presidential election are available here. https://www.newsfilecorp.com/redirect/AnyxSaaP3

    About RIWI

    RIWI is a global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, RIWI offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries – without collecting any personally identifiable data. https://riwi.com

    RIWI CORP.
    Signed: “Neil Seeman”
    Neil Seeman, Chief Executive Officer

    For media inquiries, please contact:
    Neil Weitzman, Chief Revenue Officer
    neilweitzman@riwi.com

    For more corporate information, please contact:
    Daniel Im, Chief Financial Officer
    danielim@riwi.com | +1-416-205-9984 ext. 2

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

    CAUTION REGARDING FORWARD-LOOKING INFORMATION:

    Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and RIWI does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Company’s expectations or beliefs regarding future events. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67470

  • Leading CBD Company Greenheart Launches IEO Pre-sales of PUNT

    Leading CBD Company Greenheart Launches IEO Pre-sales of PUNT

    A project aiming to address the challenges as well as bring the advantages of blockchain to the CBD industry

    Irish company Greenheart CBD (greenheartcbd.ie) has announced November IEO pre-sales of the Greenheart PUNT, an ERC-20 token available now on the LATOKEN exchange platform. The PUNT is a DeFi sustainable token which aims to encourage the adoption of CBD products in the global community, and bring the advantages of blockchain to the wider CBD industry.

    The Greenheart PUNT token is backed by a real commodity – 1,000 liters of Greenheart’s CBD oil a year at a retail value of US$4 million – allowing token holders to redeem their tokens for CBD oil if they wish. And during November pre-sales, PUNTers will receive bonuses ranging between 20% and 50%, depending on the date of token purchase.

    Official trading will begin on December 1st, when Greenheart will put 200,000,000 tokens into circulation at a price of 10 US cents per token. Moreover, Greenheart will offer 200,000,000 tokens for public sale on the 1st of December each year for the next 4 years, as it aims to sell 1,000,000,000 tokens in total.

    According to the Greenheart Team, the CBD industry faces lack of governance, transparency, and compliance in addition to high fees imposed by retailers and the absence of formal banking support to the CBD industry in general. This, in addition to weakened production from not yet applying advanced technologies to scale in the industry.

    The Greenheart Team believes that its PUNT project will work toward these problems in addition to its own growth, with proceeds from the sale of its tokens in purchasing new land for CBD production, building a state-of-the-art decortication plant, moving into new product lines, and building and deploying its pioneering CBD Tech.

    Greenheart unveiled its unique dApp marketplace for CBD products beta in October. Developed using leading decentralized platform Origin, the dApp marketplace can be used by token holders to purchase Greenheart CBD products, using both Ethereum or the Greenheart PUNT token. This marketplace is built and ready to be launched.

    The PUNT project is led by Greenheart CBD – one of Europe’s leading licensed & fasting growing CBD seed to shelf producers and an established Irish business with a demonstrable track record of successful project delivery. Greenheart CBD is also the first CBD producer to put cutting edge technology at the heart of its business.

    Token Overview: https://greenheartcbd.ie/pages/greenheart-punt-token
    CBD Lab tests: https://greenheartcbd.ie/pages/lab-tests
    Twitter: https://twitter.com/CbdGreenheart
    Facebook: https://www.facebook.com/cbdgreenheart
    Instagram: https://www.instagram.com/greenheartcbd/
    Telegram: https://t.me/GreenheartPunt
    Token Sale: https://latoken.com/ieo/PUNT

    Greenheart CBD: https://greenheartcbd.ie/

  • CDL Appoints Deloitte as External Financial Advisor to Evaluate Investment in Sincere Property Group

    CDL Appoints Deloitte as External Financial Advisor to Evaluate Investment in Sincere Property Group

    City Developments Limited (CDL) announced today the appointment of Deloitte & Touche Financial Advisory Services Pte. Ltd. (Deloitte) as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China.

    The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020, is a strategic investment which provides CDL with a platform established over 26 years, comprising different asset classes across 18 cities in China. Sincere is ranked in China among the Top 100 Developers by China’s Real Estate Association and one of the Top 10 Business Park Developers and Operators.

    As at 30 June 2020, CDL Group’s global asset portfolio amounted to S$23.8 billion, of which China accounted for 14%. Excluding Sincere, the Group’s China portfolio includes residences, office buildings, hotels, serviced apartments and retail malls.

    The CDL Board has mandated this evaluation and review by Deloitte in view of the challenges relating to Sincere’s liquidity position following the outbreak of the pandemic and new measures to further tighten liquidity for real estate companies in China; the most recent being the ‘Three Red Lines’ policy.

    Deloitte will evaluate the investment in Sincere in the light of the above challenges. Based on the findings – expected to be finalised before the end of 2020 – the Group will update shareholders on the proposed recommendations.

    Issued by City Developments Limited (Co. Regn. No. 196300316Z)
    For media enquiries, please contact
    Gerry De Silva
    Head, Group Corporate Affairs
    Hong Leong Group
    T: +65 6877 8538
    E: gerry@cdl.com.sg

    Belinda Lee
    Head, Investor Relations and Corporate Communications
    T: +65 6877 8315
    E: belindalee@cdl.com.sg

    Joanne Koh
    Manager, Group Corporate Affairs
    Hong Leong Group
    T: +65 6877 8537
    E: joannekoh@cdl.com.sg

    Eunice Yang
    Vice President, Corporate Communications
    T: +65 6877 8338
    E: eunicey@cdl.com.sg

    Follow CDL on social media:
    Instagram: @citydevelopments / instagram.com/citydevelopments
    LinkedIn: linkedin.com/company/city-developments-limited
    Twitter: @CityDevLtd / twitter.com/citydevltd

    About Sincere Property Group (www.sincere.com.cn)
    With over 20 years of track record, Sincere Property is ranked as one of China’s Top 100 Developers by the China Real Estate Association and one of China’s Top 10 Business Park Developers and Operators by Guandian. Sincere Property has a full set of development and asset management capabilities across different sectors, including residential, retail, office, hotel and serviced residence, business park and large-scale mixed-use development. Sincere Property’s geographical presence in China spans 18 cities, including key Tier 1 and Tier 2 cities. It employs over 1,800 professionals.

    Its development land bank totals 8.3 million square metres with 64 development projects across 18 cities in China as at 30 June 2020. Sincere Property has a full spectrum of residential projects ranging from high-end to mass market, which includes villas as well as low- and high-rise condominiums. Sincere Property also owns and/or operates a substantial portfolio of investment properties in China, including 9 retail malls, 13 offices, four hotels with more than 1,000 rooms and a serviced residence with 404 apartments.

    Sincere Property’s contracted sales grew at a compounded annual growth rate of around 29% from RMB 9.9 billion in 2016 to RMB 21.4 billion in 2019.

  • Greenbriar Capital Corp. Closes Non-Brokered Private Placement

    Coquitlam, British Columbia, Nov 3, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) (“Greenbriar”) is pleased to announce that it has closed the non-brokered private placement announced on October 27, 2020. Greenbriar has issued 500,000 units (the “Units”) at a price of $1.50 per Unit for gross proceeds of $750,000. Each Unit is comprised of one common share and one share purchase warrant. Each share purchase warrant (a “Warrant”) entitles the holder to acquire one additional common share in the capital of Greenbriar at a price of $1.75 per until November 2, 2022.

    The common shares comprising the Units and any shares issued upon the exercise of any Warrants are subject to a hold period until March 3, 2021. Proceeds from the Private Placement will be used by Greenbriar for working capital purposes.

    Financial Newsletter

    Greenbriar sponsored an ESG investor event on March 25, 2020 with Grit Capital. Beginning November 1, 2020, Grit Capital has launched a very efficient and easy to read, fun, exceedingly informative, and highly impactful Investment Newsletter (https://gritcapital.substack.com) that covers emerging trends, themes and investment ideas which is based on where big money and momentum is moving in the market, long before the general investing public studies the available information. The newsletter is written by Genevieve Roch-Decter, CFA, a former $100 Million+ small cap portfolio manager who’s fund was ranked #1 for 3 of the 7 years she ran it (as ranked by Globe & Mail – GlobeFunds). We strongly recommend all of our shareholders and all interested friends and family to subscribe to the free newsletter at https://gritcapital.substack.com

    About Greenbriar Capital Corp

    Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

    ON BEHALF OF THE BOARD OF DIRECTORS

    “Jeff Ciachurski”

    Jeffrey J. Ciachurski

    Chief Executive Officer and Director

    Phone: 949.903.5906

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67371

  • Raffles Financial Enters into Joint Venture Agreement with Raffles Infrastructure Investment

    Raffles Financial Pte Ltd, a wholly owned subsidiary of Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) (“Raffles”, “the Company” or “RF”), today announces that the Company has entered into a Joint Venture Agreement with Raffles Infrastructure Investment Pte Ltd. (“RII”), a subsidiary of Raffles Infrastructure Holdings Limited listed in Singapore under symbol LUY. The Parties intend to collaborate in a joint venture company (“JVC”), MFUND Limited, which upon completion shall be renamed into “Raffles Infrastructure Capital Limited”, a company incorporated in Hong Kong.

    The joint venture is in line with the Company’s long-term objective of seeking opportunities and growth of its business and operations.

    “Asia infrastructure spending is forecast at US$5.3 trillion by 2025*. Raffles Infrastructure’s core competency is in the planning and developing of infrastructural projects in Asia, particularly China, while Raffles Financial is focused on the global fund raising and corporate finance advisory. The JV can provide a complete suite of infrastructure development solutions to governments and their developers,” comments Dr. Charlie In, Chairman of Raffles Financial.

    * Source: PWC APEC Infrastructure Development
    The principal activity of the JVC will be to provide advisory and management services such as:
    A. Funding of infrastructure projects commissioned by government and/or developers
    B. Appointment & appraisal, including payment approvals, of EPC contractors and suppliers
    C. Marketing and leasing of the projects to secure buyers and tenants
    D. Sale of developments to REITS, Business Trusts and Funds

    The key targets are Asian governments and developers of infrastructure projects such as highways, rail systems, air/sea ports, logistic hubs, clean energy stations, telecommunication towers, cloud & data centres, and government facilities like hospitals, schools, national parks, water plants, energy grids.

    The JVC will not invest in these developments; it will provide advisory and management services.

    Raffles Financial Group Limited
    Terms of the Joint Venture Agreement
    The Parties shall procure that JVC is incorporated with an initial issued and paid up share capital of HKD 200 divided into 200 shares. The number of shares and the respective shareholding held by each party are set forth below:

    Number of Shares – Percentage of Enlarged Share Capital
    RII: 100 Shares, 50%
    RF: 100 Shares, 50%

    The Board shall comprise up to three Directors. RII shall be entitled to appoint two Directors to the Board and RF shall be entitled to appoint one Director to the Board.

    About Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF)
    Raffles Financial Pte Ltd (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance advisory firm, registered with the Monetary Authority of Singapore, which provides public listing advisory and arrangement services. Raffles Financial serves as advisor for family trusts, family offices and investment funds. Please visit www.rafflesfinancial.co for more information.

    For more information, please contact:
    Cathy Hume, Investor Relations
    Phone: 416-868-1079 x 231
    Email: cathy@chfir.com

    Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward looking information relating to the business of the Company, the anticipated partnerships with financial institutions worldwide and the growth potential through Province Representatives. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67290

  • Zhonghua Gas Holdings Limited Proposed Issue of Convertible Bonds in the Principal Amount of HK$97,800,000

    Zhonghua Gas Holdings Limited Proposed Issue of Convertible Bonds in the Principal Amount of HK$97,800,000

    Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that on 2 November 2020 (after trading hours), the Company entered into Subscription Agreement with the wholly-owned subsidiary of Kai Yuan Holdings Limited (Stock Code: 1215) (“the Subscriber”), pursuant to which the Company has conditionally agreed to issue and the Subscriber has conditionally agreed to subscribe for the three-year Convertible Bonds in the aggregate principal amount of HK$97,800,000. The initial conversion price is HK$0.27 each (subject to adjustments).

    As at the date of this announcement, the Company has a total of 3,622,136,000 Shares in issue. Assuming there is no further issue or repurchase of the Shares, based on the initial Conversion Price of HK$0.27 per Conversion Share and assuming full conversion of the Convertible Bonds took place, the Convertible Bonds will be convertible into 362,222,222 Conversion Shares, representing approximately 10.00% of the existing issued share capital of the Company as at the date of this announcement and approximately 9.09% of the issued share capital of the Company as enlarged by the issue of the Conversion Shares. 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 believes that through issuing a convertible bond, it presents an opportunity for the Group to strengthen its financial position while optimizing its investor base and capital base. It will also set a good foundation for further strategic alliance with the Subscriber. Thus, the Group is optimistic towards the prospects of the Group.

    Kai Yuan Holdings Limited is principally engaged in investment holding. One of its substantial shareholders is renowned Chinese entrepreneur Mr. Du Shuang Hua, who was ranked 65th in the Hurun Rich List of 2019. He has extensive businesses covering industries in steel manufacturing, logistics, banking and properties development in the PRC. The subsidiary companies of Kai Yuan are principally engaged in hotel operation and money lending business.

    Zhonghua Gas Holdings Limited
    Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of liquefied natural gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.

    Media Contacts:
    Angel Yeung
    Jovian Communications Ltd
    Tel: +852 2581 0168
    Email: news@joviancomm.com

  • Ziptrak Original Track-Guided Blinds System Resolves Top Pain Points for over 4,500 Singaporean Homes and Businesses

    Ziptrak Original Track-Guided Blinds System Resolves Top Pain Points for over 4,500 Singaporean Homes and Businesses

    Ziptrak(R), the original patented track-guided blind system based in Australia, has been making balcony and semi-outdoor spaces in Singapore more usable, protecting homes and businesses from sun glare, rain, noise, UV radiation and heat. To date, it has been installed in over 4,500 residences and commercial spaces with a proven track record of durability, where less than one percent of units installed required full replacements.

    Track-guided blinds are designed so that the blind material moves along a track, preventing wind and insects from entering, and cold air to escape from. Unlike traditional cabled blinds, which flap about in the wind and are exposed at the sides, the blind material will remain in the tracks and continue to protect your spaces, come rain or shine. The trifecta of quality, experience and innovation has been making waves since the very first installation of Ziptrak blinds at IMM Outlet Mall in December 2012, to its introduction to the Singapore market in early 2017.

    1. QUALITY – Every component is selected for its strength and durability; with a 2m by 2m blind being able to withstand a static load equivalent to wind speeds of 260km/hr. For a product that needs to withstand scorching sun, lashing winds and fierce rain, only the strongest and most durable, rust-free components are, and should be, used.

    2. EXPERIENCE – With over 20 years of customer insights and feedback, Ziptrak is able to adapt and curate features that perform outstandingly in today’s conditions, such as the RainOut fabric range, PestOut(R) Pelmet and Child Safety Latch which were introduced specifically to address concerns and pain points of the Singapore market.

    3. INNOVATION – Ziptrak also patented the revolutionary manual SuperSpring(R) system, built with the elderly in mind, and known for its ease of movement without the need for cords, cranks or even motors.

    Customised Features for residences in Singapore

    With Singapore being its largest market in Southeast Asia, the creators of Ziptrak came up with a unique series of features catered specifically to address the concerns of local homeowners.

    1. Rain Out, Stay Dry
    Stay dry from the 168 thunderstorm days that Singapore experiences each year with the 100% waterproof RainOut Fabric range, which features a fiberglass laminated weave to keep your balcony dry.

    2. Pest Out, Stay Clean
    Our PestOut(R) Pelmet also keeps the pelmet pest-free and also helps to rid the fabric of dust with a sweeping motion every time the blinds are drawn up.

    3. Child Lock, Stay Safe
    As a preventive feature exclusively for Singapore’s many high-rise buildings, the manual Ziptrak(R) SuperSpring(R) blinds come with the option of a Child Safety Latch, which prevents the blinds from being lifted beyond railing height when deployed, keeping it at a safe height for your little ones with a simple turn of the latch.

    4. Unobstructed Views, Stay Free
    The recent introduction of Ziptrak(R) PanoView(R) blinds, which stretches up to 6m wide without requiring a post in between for support, also allows for a super wide un-obstructed viewing pleasure of Singapore’s morning sunrise and night-time city lights. Being able to maneuverer around limitations posed by elevators and stairwells in high-rise developments, Ziptrak PanoView blinds eradicates the need for support posts, giving rise to an unobstructed view beyond.

    Ziptrak is exclusively distributed in Singapore and Malaysia by its official distributor, DuraBlinds Trading Pte. Ltd., since August 2017, and is only available at authorised retailers. Please visit https://www.sg.ziptrak.com/ for more information.

    Authorised Retailers
    – Fabrik Etc Pte Ltd
    – The Curtain Boutique
    – J & S Design
    – Softhome Pte Ltd
    – Lee Curtain House Pte Ltd
    – Ricco Curtain Design
    – H M Gallery Pte ltd
    – Le Showplace Pte Ltd
    – Recherche Interior Pte Ltd
    – Light-Pro Furnishings Pte Ltd
    – ClimaShield Solutions Pte Ltd
    – Omni Interior Pte Ltd

    About Ziptrak Pty Ltd, https://www.sg.ziptrak.com/en/

    Ziptrak Pty Ltd is a 100% Australian owned and operated company that designs, develops and manufactures track-guided blind products.

    With 30 years of experience, Tony de Maaijer is the original inventor of the track guided outdoor blind, Ziptrak; a spring-balanced or motorized track guided blind system providing UV, sun, wind, rain and insect protection. We proudly supply a product that allows people to enjoy the natural environment that surrounds their home, creating a seamless integration between indoor and outdoor living, with a controlled environment in which to indulge with family and friends. The Ziptrak(R) brand is a registered trademark and the blind system is protected under multiple patents.

    With 20 years in the industry, Ziptrak is a leading brand of choice among consumers, retailers and fabricators. We lead our market segment through constant innovation and technological advancements in our manufacturing processes. Our headquarters is in South Australia, with distribution Australia-wide and internationally through a trusted network of other dedicated companies.