ECXX Secures RMO Sandbox Approval from MAS; to Launch Asset-based Digital Securities Exchange

SINGAPORE, Aug 4, 2020 – (ACN Newswire) – ECXX Global Pte. Ltd. (ECXX), a pioneer in operating a digital asset exchange using blockchain technology, is pleased to announce that it has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express* under the Recognised Market Operator (RMO) regime.

With the approval, ECXX targets launch of the blockchain-based digital securities exchange platform, which offers various asset-based digital securities such as real estate, private equity, venture capital and investment funds to institutional and accredited non-individual investors.

The tokenisation of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a real tradable asset (such as real estate) – in many ways similar to the traditional process of securitisation.

These digital securities could represent a share in the ownership of a real estate, a share in the ownership of a company or participation in an investment fund. These digital securities can then be traded on a secondary market.

With its own in-house proprietary system, ECXX has been operating a digital asset exchange that allows both professional traders and retail investors to buy, sell and store digital assets. Its digital exchange platform is integrated with MyInfo, the one-stop Singapore government identity platform. This integration allows seamless Know-Your-Customer checks on members of MyInfo who can log-in to ECXX's digital asset exchange using their SingPass.

ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.

Led by an experienced management team well versed in digital assets and blockchain ecosystem, ECXX has been backed by prominent venture capital firms CapitalX, Epsilon Investment, Ariki Asia and ChainUp.

In June 2020, Hatten Land announced a proposed investment of US$6 million for a 20% equity stake in ECXX.

Commenting on this milestone, Mr Branson Lee, Chief Executive Officer of ECXX, said: "There are a multitude of applications of blockchain technology within the financial industry, and the tokenisation of assets has the potential to fundamentally change how we invest in assets.

"With S$3.4 trillion of assets under management in Singapore, we aim to utilise the Recognised Market Sandbox admission to develop our securities exchange platform and create asset-based securitised tokens that can be regulated and traded, paving the way for mainstream adoption."

Issued on behalf of ECXX Global Pte. Ltd. by 8PR Asia Pte Ltd.

Media & Investor Contacts:
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Mobile: +65 9451 5252


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Lever Style to Acquire Vista Apparels to Expand Product Range For Customers

HONG KONG, Aug 3, 2020 – (ACN Newswire) – A subsidiary of Lever Style Corporation ("Lever Style" or the "Group") (stock code: 1346) has entered into a sale and purchase agreement to acquire certain assets of Vista Apparels Limited ("Vista"). Hong Kong-headquartered knitwear manufacturer Vista supplies sweaters to premium brands such as Paul Smith and James Perse and digitally-native brands like Ministry of Supply.

Lever Style will assume Vista's customers, supplier relationships, technical knowhow, and order book. The acquisition enables Lever Style to offer its existing customers sweaters in addition to the wide range of apparel the company already provides. Additional cross-selling opportunities are expected from Vista's customers purchasing Lever Style products.

"The Vista acquisition is a first step towards our goal to acquire companies that expand our business opportunities with our customers and further strengthen our market position," said Stanley Szeto, Executive Chairman of Lever Style. "We expect to start capitalizing on the synergies with Vista in 2021, and to announce further acquisitions in due course."

The acquisition is structured as an agreement to purchase certain of Vista's assets such raw material inventory, with the final purchase price based on performance.

Copyright 2020 ACN Newswire. All rights reserved.

BOC International Initiates Coverage on VPower Group with “BUY” Rating

HONG KONG, Aug 3, 2020 – (ACN Newswire) – BOC International initiated coverage on Hong Kong listed VPower Group International Holdings Limited ("VPower Group", stock code:1608) with a "Buy" rating in recognition of its solid growth momentum and the expected high earnings in the coming years.

Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation. It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building and operating distributed power stations to supply reliable electricity. It is now a leading distributed power station owner and operator in Asia.

BOC International reckoned VPower Group's engine-based generation model has multi-faceted advantages, thus allowing the Group to fit into different markets especially the under-electrified markets and auxiliary services market. The firm believed VPower Group is well positioned to win more businesses given its solid track record in both developing and developed regions in the past few years.

BOC International highlighted that the commissioning of the Myanmar liquefied natural gas (LNG) to power projects with CNTIC in the near term would boost VPower Group's earnings growth. The firm estimated the projects will make a significant contribution to the Group's profit, leading to a net profit CAGR of 53% from 2019 to 2022. The successful commissioning of the three Myanmar LNG to power projects within a tight deadline has demonstrated VPower Group's capability and unique relationship with upstream engine suppliers to win future tenders.

Regarding the recent top-up placement in which VPower Group raised net proceeds of HK$299 million, BOC International pointed out the proceeds will further replenish the Group's balance sheet and get it prepared for future investments.

BOC International used SOTP methodology to value VPower Group in light of the different business nature of its IBO and SI segments. It initiated coverage with a BUY rating and a target price of HK$ 4.10, implying 11x 2021 P/E.

Copyright 2020 ACN Newswire. All rights reserved.

Using AI to predict new materials with desired properties

Tsukuba, Japan, Aug 1, 2020 – (ACN Newswire) – Scientists in Japan have developed a machine learning approach that can predict the elements and manufacturing processes needed to obtain an aluminum alloy with specific, desired mechanical properties. The approach, published in the journal Science and Technology of Advanced Materials, could facilitate the discovery of new materials.

Aluminum alloys are lightweight, energy-saving materials which are used for various purposes, from welding materials for buildings to bicycle frames. (Credit: Jozef Polc via123rf)

Aluminum alloys are lightweight, energy-saving materials made predominantly from aluminum, but also contain other elements, such as magnesium, manganese, silicon, zinc and copper. The combination of elements and manufacturing process determines how resilient the alloys are to various stresses. For example, 5000 series aluminum alloys contain magnesium and several other elements and are used as a welding material in buildings, cars, and pressurized vessels. 7000 series aluminum alloys contain zinc, and usually magnesium and copper, and are most commonly used in bicycle frames.

Experimenting with various combinations of elements and manufacturing processes to fabricate aluminum alloys is time-consuming and expensive. To overcome this, Ryo Tamura and colleagues at Japan's National Institute for Materials Science and Toyota Motor Corporation developed a materials informatics technique that feeds known data from aluminum alloy databases into a machine learning model. This trains the model to understand relationships between alloys' mechanical properties and the different elements they are made of, as well as the type of heat treatment applied during manufacturing. Once the model is provided enough data, it can then predict what is required to manufacture a new alloy with specific mechanical properties. All this without the need for input or supervision from a human.

The model found, for example, 5000 series aluminum alloys that are highly resistant to stress and deformation can be made by increasing the manganese and magnesium content and reducing the aluminum content. "This sort of information could be useful for developing new materials, including alloys, that meet the needs of industry," says Tamura.

The model employs a statistical method, called Markov chain Monte Carlo, which uses algorithms to obtain information and then represent the results in graphs that facilitate the visualization of how the different variables relate. The machine learning approach can be made more reliable by inputting a larger dataset during the training process.

Further information
Ryo Tamura
National Institute for Materials Science


About Science and Technology of Advanced Materials Journal

Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials.

Chikashi Nishimura
STAM Publishing Director

Press release distributed by ResearchSEA for Science and Technology of Advanced Materials.

Copyright 2020 ACN Newswire. All rights reserved. Announces the Return of the S19 Pro & S19 Plans

SINGAPORE, Aug 1, 2020 – (ACN Newswire) –, the world's leading computing power-sharing platform, has announced the return of the S19 Pro and S19's 360-day Accelerator Mode Plan. The S19 series is one of the most advanced ASIC Miners on the market which introduced major gains in energy efficiency and computing power. The hardware was released in March of this year. is launching an Accelerator Mode Plan allowing users to obtain computing power at a competitive low market price enabling break-even results quicker than competing computing power sharing solutions. BitDeer is capable of achieving this by lowering their own margins as a goodwill action back to the user-base. Users will only need to provide the maintenance and electricity cost such as other plans, and should begin to see their mining outputs produce results immediately. The plan also allows for flexibility in a volatile economy to allow users more choice on how they decide to deploy their budgets on mining.

Under the Accelerator Mode Plan, the platform has zero initial profits and subsidies. For example, when the accumulated mining revenue minus the paid electricity fee is less than the computing power cost, users receive the net mining outputs during this period. The classic plans have a higher potential for larger mining outputs for long-term customers, while this new plan gives options to miners who are looking for quicker mining outputs, giving customers more flexibility to accumulate during volatile market conditions. BitDeer's Accelerator Mode Plan is suitable for both the mining machine model and the package price.

The mining ability of the S19 Pro and S19 are stronger than other mining machines in the market.'s S19 series mining machines are the largest mining machine models, with the strongest energy efficiency ratio, the lowest proportion of electricity costs, and strong ability to leverage risk. This high quality standard is entirely in line with BitDeer's philosophy to make better mining machines in the future.

At present, S17 series mining machines are more commonly used in the market, while S19 Pro and S19 are scarce models and are highly sought after. For more information on, their computing power, and their initiatives, please visit the official website.

About BitDeer

BitDeer is the world's leading computing power-sharing platform, enabling global users to mine cryptocurrencies in a transparent, reliable, and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines. Individual miners can enjoy the service with just one click.

For more information, please visit:

Media Contact: MagicFew

Copyright 2020 ACN Newswire. All rights reserved.

Hua Hong Semiconductor Relies on “8-inch + 12-inch” Strategy to Accelerate Development in IGBT Market

HONG KONG, Jul 31, 2020 – (ACN Newswire) – Hua Hong Semiconductor Limited ("Hua Hong Semiconductor" or the "Company", stock code: 1347.HK), a global, leading specialty pure-play foundry, announced that it will fully cooperate with IGBT (Insulated Gate Bipolar Transistor) product customers to shape the IGBT ecosystem. So far, the IGBT chips with market competitiveness manufactured by the Company have been rapidly introduced into the markets of new energy vehicles, wind power generation, white smart home appliances, etc., further enriching the IGBT product line and offering a new business growth opportunity to the Company.

IGBT is the core device of energy conversion and transmission, known as "CPU of Power Electronics Industry". As the concepts of Internet of Things (IoT) and low carbon are becoming increasingly popular, the demand for green energy and smart, variable frequency home appliances has become unstoppable and will continue to spur the rapid growth of IGBT market.

As the world's first 8-inch foundry to provide technology for volume production of Field Stop (FS) IGBT, Hua Hong Semiconductor has profound experience in IGBT manufacturing, and has already reached the world-leading level in terms of turn-on voltage drop, turn-off loss, work safety zone and reliability. The Company has the advanced full set of IGBT thin wafer BGBM (Backside Grinding / Backside Metallization) processing technology. Hua Hong Semiconductor offers a wide range of mass-produced IGBTs, with voltages ranging from 600V to 1,700V and currents ranging from 10A to 400A, and has expanded its product portfolio from consumer products to industrial/commercial uses, new energy vehicles, etc. In addition to efforts towards higher power density and lower power loss required for high-voltage power devices, the Company is developing intelligent IGBT technology with on-chip sensors and highly reliable IGBT technology with a new thermal dissipation feature to better serve the growing demand for IGBT products in the global market.

Executive Vice President of Hua Hong Semiconductor Mr. Fan Heng remarked, "Hua Hong Semiconductor has the first 12-inch foundry devoted to power discrete semiconductors in the Chinese mainland and relies on the "8-inch +12-inch" strategy to offer a wider range of differentiated technologies and more adequate capacity. In recent years, the Company has been aiming at medium- and high-end markets and emerging fields to fully develop IGBT business, and has continuously engaged first-class IGBT product companies at home and abroad to cover application fields such as industry, automotive electronics and white goods, so as to secure its leading position in IGBT foundry. As its IGBT technology R&D is progressing well at 12-inch production line, the Company is expected to provide more competitive IGBT foundry solutions for global customers in the future."

About Hua Hong Semiconductor
Hua Hong Semiconductor Limited ("Hua Hong Semiconductor", stock code: 1347.HK) (the "Company") is a global, leading pure-play foundry with specialty process platforms uniquely focused on embedded non-volatile memory ("eNVM"), power discrete, analog & power management, and logic & RF. Of special note is the Company's outstanding quality control system that satisfies the strict requirements of automotive chip manufacturing. The Company is part of the Huahong Group, an enterprise group whose main business is IC manufacturing, with advanced "8+12" production line technology.

The Company presently operates three 8-inch wafer fabrication facilities within the Huahong Group (HH Fab1, HH Fab2, and HH Fab3) in Jinqiao and Zhangjiang, Shanghai, with a total monthly 8-inch wafer capacity of approximately 180,000 wafers. The Company also operates a 12-inch wafer fabrication facility (HH Fab7) with the planned monthly capacity of forty thousand 12-inch wafers in Wuxi's National High-Tech Industrial Development Zone. Formal incorporation of and start of operations at HH Fab7 were achieved in 2019. In the Chinese mainland, it has become a leading 12-inch semiconductor production line devoted to specialty processes and is the first 12-inch foundry devoted to power discrete semiconductors.

For more information, please visit:

Copyright 2020 ACN Newswire. All rights reserved.

5G powers up IoT

HONG KONG, Jul 31, 2020 – (ACN Newswire) – Communications technology reached a historic milestone at the beginning of April this year as Hong Kong's fifth-generation mobile (5G) network was officially fully connected, linking all major communication equipment.

A 5G network provides much more than just increased bandwidth and speed – 5G provides the opportunity to deploy artificial intelligence (AI) technology to bring the much-discussed Internet of Things (IoT) out of the laboratory and into the real world. To give people from all walks of life a better understanding of 5G networks, the Hong Kong Trade Development Council (HKTDC) held the Tech Trends Symposium 2020 – The Future of Intelligent Connectivity on 28 July. Forming part of the HKTDC's Summer Sourcing Weeks | Go ONLINE virtual trade fair (27 July-7 August), the symposium was streamed online. At a session titled "Empowering a Connected Future with 5G", industry leaders introduced the latest developments in 5G networks and expressed the hope that Hong Kong will keep pace with the world in moving towards 5G and building a smart city.

Research focus

5G networks could turn the established business-to-customer (B2C) model on its head and profoundly change consumers' experiences, said Justin Chuang, Vice President, Communications Technologies at the Hong Kong Special Administrative Region Government's Applied Science and Technology Research Institute (ASTRI).

Citing examples, he said real-time augmented reality (AR), a 360-degree visual experience and ultra-clear imaging will profoundly change traditional marketing and publicity models. Business-to-business (B2B) transactions could expand in scale, while autonomous vehicles, smart offices and smart factories could be linked up through 5G systems to improve productivity.

Manufacturing reworked

More importantly, Mr Chuang pointed out, 5G networks could deploy artificial intelligence (AI) and a marriage of the two would completely change the ecology of manufacturing. Factories would be able to use automated vehicles, robots and monitoring sensors. AI applications, instead of human managers, would coordinate and monitor this fully automated production system. Human engineering expertise could be applied to remotely formulating workflows and ordering work patterns. The saved human resources could then concentrate on quality monitoring and decision-making, said Mr Chuang. He believes 5G is not only a new era of networks but also a way to promote the progress of the entire city.

ICT overhaul

The April 5G launch in Hong Kong saw telecommunications companies swiftly rolling out services on networks the city's main telecommunications companies had set up.

Henry Wong, Head of Strategic Wireless Technology & Core Networks at local telecommunications company HKT Limited, said network technology in Hong Kong has advanced step by step in recent decades from voice and data Internet access to the latest 5G networks. The speed and usage pattern of the network had improved. During the 2G and 3G eras, watching videos was just about viewing. With 4G came high-definition videos and video conferences but the network was prone to time delays and freezes or even bad frames on screen.

5G, however, supports not only a wide range of visual innovations such as high-definition multi-dimensional 360-degree images, but also interactivity thanks to virtual reality (VR) technology which enables the screen view to change to match users' movements and become whatever the user wants to see.

4G technology was unable to fully support VR, and there were lags and delays in transmitting images, which greatly weakened the application of VR, Mr Wong added.

Changes are also impacting television broadcasting. Citing the example of HKT's pay TV, Mr Wong said on-demand viewing, as opposed to the traditional broadcast-by-schedule model, has been introduced in recent years and audiences can freely choose viewing times for content such as concerts, sports events and more without the limitation of a schedule, which improves convenience. The 5G network can combine these two modes to give high-definition, freely selectable content, even including 360-degree virtual-reality images, presented directly to the audience, he remarked.

Property play

In addition to expanding network bandwidth, 5G permits the era of the Internet of Things (IoT) to begin in earnest, according to Andrew Young, Associate Director (Innovation) for Sino Group, A leading Hong Kong real-estate developer.

Mr Young said 5G networks could bring in a raft of Massive IoT technologies such as smart building, logistics tracking and smart agriculture. The networks could also permit time-dependent Critical IoT applications such as Remote Medical, Traffic Safety Control and Industrial Automation.

IoT applications are more reliable on 5G networks with less time delay and the ability to process large amounts of data quickly and efficiently. In the real-estate sector 5G networks could be used in such applications analysing the flow of people in shopping malls and gauging their consumption habits, helping managements adjust the distribution of stores and arrange activities based on the analysis.

These 5G technology applications could become "pervasive". Mr Young pointed out that 5G can handle a large amount of data but the subsequent data processing and storage would inevitably raise network security concerns. While the networks develop rapidly, personal information and network security should also be protected, so the 5G network can continue to grow healthily.

Noting the potential of smart buildings and related technologies, Sino Group established the Sino Creative Research and Development Office in 2018 to monitor related technology trends and introduce technologies such as artificial intelligence (AR) and robotics into the group's business. It analyses the potential of innovative technology, including 5G, under three criteria – business model, operation process and customer experience.

– Summer Sourcing Weeks | Go ONLINE official website:
– Seminar registration:
– Summer Sourcing Weeks | Go ONLINE promotion video:
– HKTDC Media Room:

# Note to editors: considering the impact of the pandemic, the HKTDC has changed the dates for several exhibitions and conferences, at the same time as continuing to create business opportunities for enterprises through other channels. Details of the latest event arrangements can be found at


The 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 trade publications, research reports and digital news channels. For more information, please visit: Follow us on Twitter @hktdc and LinkedIn

Christine Kam, Tel: +852 2584 4514, Email: Agnes Wat, Tel: +852 2584 4554, Email:

Copyright 2020 ACN Newswire. All rights reserved.

Haier Smart Home and Haier Electric Group jointly announced the proposed privatization of Haier Electric Group by way of an issuance of new H Shares to be listed on the Hong Kong Stock Exchange

HONG KONG, Jul 31, 2020 – (ACN Newswire) – Haier Smart Home Co., Ltd. (600690.SH / 690D.DE, "HSH" or "the Company") and Haier Electric Group Co., Ltd. (1169.HK, "HEG") jointly announced that HSH has formally requested HEG to put forward a proposal ("Privatisation Proposal") to the holders of HEG Shares (other than HSH and any of its wholly-owned subsidiaries) ("Scheme Shares" and holders of which are "Scheme Shareholders") for the privatisation of HEG by way of a scheme of arrangement subject to the satisfaction of certain pre-conditions. Under the Privatisation Proposal, holder of each Scheme Share will receive 1.60 new H Shares from HSH and cash payment of HK$1.95 (the "Cash Payment") from HEG when the Privatisation Proposal becomes effective. As part of the Proposed Privatisation, HSH will make an application for listing of the newly-issued H Shares by way of introduction ("Introduction") on the Hong Kong Stock Exchange. The Proposed Privatisation and the Introduction are conditional on each other.

It is expected that if the Scheme becomes effective, all Scheme Shares will be cancelled and HSH will issue an aggregate of 2,448,280,617 new H shares to Scheme Shareholders and HEG will make a total cash payment of HK$2,984 million to Scheme Shareholders (assuming no change in the number of HEG Shares in issue prior to the Scheme Record Time). As of the Announcement Date, HSH and its wholly-owned subsidiary Haier Shareholdings (Hong Kong) have a total of 1,286,820,592 HEG Shares, representing approximately 45.68% of the outstanding issued share capital of HEG.

Platinum Securities, the independent valuer appointed by HSH, has estimated that the value of each HSH H Share as at July 30, 2020 is in the range of RMB16.45 to RMB16.90 (equivalent to approximately HK$18.23 to HK$18.72 respectively). On the basis of the mid-point of such valuation range of HK$18.47 and that Scheme Shareholders will received (i) 1.60 HSH H Shares and (ii) the Cash Payment for every Scheme Share cancelled, the theoretical total value of the HSH H Shares and the Cash Payment for each Scheme Share under the Privatisation Proposal will be approximately HK$31.51, representing a premium of approximately 42.65% to HEG's average closing price of HK$22.09 for the 30 trading days before the issue of the possible privatisation announcement on 16 December 2019, and a premium of approximately 28.34% to HEG's average closing price of HK$24.55 for the 30 trading days before the issue of the privatisation announcement on 31 July 2020.

If the Proposed Privatisation is successful, HSH will simultaneously achieve the privatisation of HEG and the listing of new H Shares of HSH on the Hong Kong Stock Exchange to become a A+D+H-shares listed company.

The Proposed Privatisation will constitute a material asset restructuring of HSH under the rules of the China Securities Regulatory Commission. Accordingly, the transaction is also subject to the approvals of the shareholders of HSH.

The Privatisation will enable the integration of HSH and HEG, facilitate the implementation of HSH's strategies, and enhance HSH's global leadership

After the proposed transaction is completed, HSH will continue to strive for a Smart Home Platform and enhance interconnection capabilities by consolidating various product categories under HSH and HEG as well as operations in R&D, manufacturing, distribution and other services, in a bid to develop smart home solutions business. At the same time, HEG will expand its product portfolio to cover refrigerators, freezers, air conditioners, kitchen appliances and small appliances that are currently operated by HSH, thus benefiting from full-suite smart home products and service solutions.

In addition, as the number of related party transactions in R&D and distribution will be largely reduced or eliminated, HSH will be able to further improve its operational efficiency, thereby enhancing its leading position in the one-stop smart home solution business on the consumer front. On the one hand, HSH has established a global business platform by means of organic growth and a series of successful overseas acquisitions. In view of this, HEG will be able to speed up the overseas expansion of its existing washing machine, water heater and water purifier businesses through the global platform of HSH; on the other hand, as the competition and related party transactions between the two companies lessen, HSH will be better positioned to streamline decision-making processes and expedite lead time, which will accelerate the implementation of its Experiential Cloud Strategy: firstly, the Experiential Cloud Strategy will offer users seamless experience through full-suite smart solutions; secondly, it is also an ever-evolving platform connecting and benefiting billions of families, users and businesses. HSH aspires to become the life-time partner of millions of users with its smart solutions in every stop of their journey of building a better home.

The Privatisation will generate returns for the Scheme Shareholders

At an exchange ratio of 1.60 HSH H Share and with the Cash Payment of HK$1.95 per Scheme Share, the theoretical value per Scheme Share under the Privatization Proposal of HK$31.51 represents a premium of approximately 28.34% to HEG's average closing price of HK$24.55 for the 30 trading days before the privatisation announcement on 31 July 2020.

The Scheme Shareholders will benefit from a stronger HEG as part of the enlarged HSH Group and potential synergies arising from further integration of HEG and HSH. Scheme Shareholders will also be able to partly monetize their investments in HEG through the Cash Payment. It is expected that HSH will accelerate its overseas expansion after the transaction and achieve robust growth with an enlarged product portfolio. In addition, through further resources integration and operating efficiency improvement, HSH is expected to optimize spending and generate sustained returns for its shareholders. It is expected that after the listing of HSH H Shares completes, HSH Group will benefit from a larger market capitalization and a more diversified investor base.

After the Scheme becomes effective, with improved capital management and operational efficiency, HSH plans to increase the dividend pay-out ratio to 40% within three years on the basis of net profit attributable to parent company's ordinary shareholders which means a significant improvement compared with the 30% pay-out ratio of recent years, in order to demonstrate its commitment to continuing enhancement of returns for all shareholders.

HSH has appointed CICC and J.P. Morgan to act as its joint financial advisers, Clifford Chance LLP and King & Wood Mallesons as legal advisers in connection with the Privatisation Proposal and the Scheme, and Sullivan & Cromwell (Hong Kong) LLP and Zhong Lun Law Firm are legal advisers to the joint financial advisers; HEG has appointed UBS as its financial adviser and Fangda Partners as legal adviser in connection with the Privatisation Proposal and the Scheme.

Copyright 2020 ACN Newswire. All rights reserved.

Kidsland Unveils The LEGO Certified Online Store Carrying The Most Diversified And Comprehensive Product Ranges in Asia Pacific on 3 August

HONG KONG, Jul 31, 2020 – (ACN Newswire) – Kidsland International Holdings Limited ("Kidsland" or "the Group"; stock code: 2122), the largest toy retailer in China, is pleased to announce that it will launch the Hong Kong LEGO certified online store (, which carries the most diversified and comprehensive product ranges in Asia Pacific, on 3 August. As an addition to the five existing physical LEGO Certified Stores, the online certified store will not only allow Hong Kong LEGO fans to enjoy quick and convenient home delivery service, but also demonstrate again the Group's relentless efforts in promoting digitalization and creating an omni-channel shopping experience.

Kidsland will launch the Hong Kong LEGO certified online store, which carries the most diversified and comprehensive product ranges in Asia Pacific, on 3 August

Kidsland has always been keeping abreast of the latest market trends, and actively pursuing reforms despite the COVID-19 pandemic and the challenging operating environment. Earlier in February, the Group launched the WhatsApp order placing and home delivery service, which was well-received by customers in Hong Kong. This time, it launched the LEGO certified online store to provide an Internet shopping platform carrying the most diversified and comprehensive product ranges to customers. On top of all the products available at LEGO Certified Stores, Hong Kong LEGO certified online store will also offer exclusive product series to satisfy the growing needs of customers and achieve channel diversification, conducive to expanding the Group's customer base.

Hong Kong LEGO certified online store will offer a series of special promotions during its opening period, including free delivery service for all purchases made within the first two weeks after the store opening between 3 and 16 August. Also the first 300 customers are even entitled to receive a limited edition gift. In addition, the store supports safe and reliable payment methods such as payment by mainstream credit cards and e-Wallets, all in a bid to facilitate easy payment by customers and improve their shopping experience.

Mr. Lee Ching Yiu, Chairman and Chief Executive Officer of Kidsland, said, "In the face of a complex, changing and challenging operating environment, we have been pursuing reforms to address changes in the market and the consumption pattern of the public. Looking ahead, we will continue to step up the development of online platform so as to achieve all-round digitalization experience for the Company and customers. This will help us maintain good communications with our customers, deepen our understanding in their shopping patterns and hence satisfy their various needs. In addition, we will continue to consolidate our offline sales channels to establish an integrated online and offline marketing model, so as to create a seamless omni-channel shopping experience for customers with our two-pronged approach."

About Kidsland International Holdings Limited (stock code: 2122)
Kidsland International Holdings Limited ("Kidsland" or "the Group") is engaged in retail, wholesale, e-commerce and brand operation of toys and infant products in China. As the largest toy retailer in China, it has near 20 years of industrial experience. The Group owns the most comprehensive online and offline sales network in China. Currently, its self-operated offline retail system includes "kidsland Toy Store", "Babyland Infant and Kid Toy and Product Store", "LEGO Certified Store" and "FAO Schwarz".

Copyright 2020 ACN Newswire. All rights reserved.

The Washington Companies Determined to be Causing Employer in Accident

LAS VEGAS, NV, Jul 31, 2020 – (ACN Newswire) – In the deposition of OSHA expert Kurt Stranne, a professional engineer, an OSHA safety instructor, a former USAF Flight chief, a former Boeing Flight test engineering analyst, and a Certified Safety Professional, the Washington Companies attorney line of questioning sought clarification from Mr. Stranne, in his opinion, who was at fault in an ongoing Federal lawsuit in the United States Federal Court of the Western District of Washington at Tacoma.

The ongoing case involves ETON of North Las Vegas, NV and one of the Washington Companies facilities based in Rochester, WA. The Federal lawsuit is about an unfortunate accident involving Komatsu equipment loaded by a Washington Companies employee and then transported by ETON. Due to the Komatsu equipment being loaded incorrectly, the Komatsu equipment struck a major interstate bridge in the State of Washington causing damage to the bridge. The rebuilding of the bridge caused a major disruption to people in the area who had relied on the bridge for decades to get from one side of the interstate to the other.

During the deposition of expert witness Mr. Stranne, Washington Companies attorney, Mr. Steve Stocker of Stocker Smith Luciani & Staub of Spokane, WA, repeatedly asked about the duties of the controlling work site employer Washington Companies and the duties of the carrier ETON. Mr. Stranne outlined the following scene in an effort to clarify the respective exposure for culpability within the OSHA realm of work place safety and jurisdictional control to better help Washington Companies attorney Mr. Stocker understand who was at fault based on OSHA statues.

The scene that Mr. Stranne outlined was had the ETON driver been sent to a hospital with injuries as a result of the bridge strike, the accident would have been deemed a workplace injury. The injures and the hospitalization of the driver would have triggered a State of Washington OSHA investigation into what caused the accident that put the driver in the hospital. Mr. Stranne, as the OSHA expert, explained that in his opinion the Washington Companies would have been cited as the "causing party" of the accidental bridge strike.

Mr. Stranne's informed conclusions were based on fact that the Komatsu equipment was loaded at a Washington Companies controlled work site and a Washington Companies employee performed the loading of said equipment. The reason for his opinion finding fault against Washington Companies was three-fold according to Mr. Stranne. First, the loading of the equipment went against the manufactures recommendations, which Washington Companies has a duty to follow. Second, it was against the industry standard, and third, it varied from Washington Companies customary manner in which this type of Komatsu equipment was loaded. Mr. Stranne explained Washington Companies had an OSHA mandated duty to follow all three methods in the loading of the Komatsu equipment on the flatbed trailer, which the Washington Companies employee failed to do. In that Washington Companies deviated from these three standards, OSHA would have determined Washington Companies to be the root cause of the accident.

Mr. Stranne declined to speculate about what the parties' duties might have been according to other federal or state agencies but testified about what he saw as the causing factors from his expertise with OSHA and determined the loader loading the Komatsu equipment loaded it wrong. Washington Companies loader, Mr. Tyler Piles violated the manufacture loading steps, the industry standards on how the equipment should be loaded, and Washington Companies own customary manner of loading this type of equipment. As an employee of Washington Companies, this would make Washington Companies the "causing employer" of the bridge strike.

Modern Machinery a part of a large consortium of privately held companies collectively known as the Washington Companies, owned by billionaire Dennis R. Washington. Modern Machinery sells and rents high quality heavy equipment and provides product support to the construction, mining, and forestry industries. The Modern Machinery terminal in Rochester, WA is a home to a large staging area for a variety of Komatsu product brought from overseas awaiting shipment to other Komatsu dealers.

ETON is a Las Vegas-based premier transportation company serving the Western United States with equipment, professional drivers and superior on-time service.

Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd., (OTCMKTS: KMTUY) the world's second largest manufacturer and supplier of earth-moving equipment, consisting of construction, mining and compact construction equipment.

Mitchell Truman,, +(702) 348 6370
Environmental Transportation of Nevada, LLC

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