Cryoviva Singapore Expands Cord Blood Banking Services to Bahrain

Singapore, Sep 7, 2021 – (ACN Newswire) – Local family cord blood bank Cryoviva Singapore ( is continuing with its rapid geographic growth plans with an entry into the Bahrain market. This latest new market entry closely follows Cryoviva establishing a footprint in Dubai to serve couples in the UAE that are on the family way.

Rajesh Nair, CEO of Cryoviva Singapore

"It fills the entire Cryoviva team with a great sense of pride and satisfaction to help customers in Bahrain and add another nation to the list of countries we serve from Singapore. We are steadfastly focused on our goal to give every family the chance to benefit from the medical potential of cord component stem cells should they ever need it. Every new market we enter and serve successfully is another step closer to that goal," says Rajesh Nair, CEO of Cryoviva Singapore.

"Our excellent credentials as a well-established cord blood bank with a proven track record, experienced medical and management teams and strong investor backing make us a reliable and trustworthy provider for young families in Bahrain. Equally importantly, I believe that customers in Bahrain get considerable confidence and reassurance from Singapore's reputation for world-class facilities and strict adherence to high quality standards. We look forward to collaborating with healthcare providers in Bahrain offering maternity services to offer greater service to their valued patients."

Rajesh believes that while Cryoviva continues with its expansion plans into more countries in the Middle East and ASEAN, Singapore continues to be extremely important for the company. "While we have made considerable progress in the relatively short span of 7 years here, we are striving hard to be the top family cord blood bank in Singapore. We strongly believe in the immense potential for growth in cord blood banking here and are confident that our expertise, experience and delivery of top-notch customer service will contribute to convincing more families on the long-term healthcare benefits of the services we offer."

About Cryoviva Singapore

Established in 2014, Cryoviva ( is a reputed family cord blood bank in Singapore. The company is part of an international group that is backed by reputed multinational investor organisations. The Cryoviva group has successfully stored over 160,000 umbilical cord blood units. Cryoviva's cord blood storage facility in Singapore is MoH-licensed, AABB accredited and IS ISO 9001:2015 QMS Certified, testaments to the stringent processes and quality standards that it adheres to. Thanks to being centrally located and proximity to most major maternity hospitals in Singapore, cord blood samples reach its facilities very quickly and efficiently to ensure top quality maintenance upon storage.

Media Contact:
Krish Sharma, General Manager, Cryoviva Singapore
Tel: +65-9651 7080

Copyright 2021 ACN Newswire. All rights reserved.

ATAL Training Centre Officially Opens in Hong Kong

HONG KONG, Sep 7, 2021 – (ACN Newswire) – Analogue Holdings Limited (stock code: 1977) together with its subsidiaries (referred to as "ATAL Engineering Group", "ATAL" or the "Group"), a leading electrical and mechanical ("E&M") engineering service provider in Hong Kong, is pleased to announce the official opening of its ATAL Training Centre ("ATC"). With a floor area of over 3,500 sq. ft., ATC not only provides a dedicated training space for its staff, but also employs innovative technologies, including Internet of Things (IoT) and Virtual Reality (VR), in its training programmes to improve learning efficiency. Colleagues are able to enhance their skills and knowledge for their professions and career development or familiarise themselves with the operation and maintenance of various E&M facilities in the well-equipped training centre through various training programmes. This is part of the Group's aim to enhance the professional skills of staff, and nurture more outstanding talent for the Group and the engineering industry.

ATC officially opens to provide a dedicated training space to its employees.

An experience zone showcasing the Group's innovative technologies applied or self-developed for its four core businesses segments.

ATC is equipped with facilities including classrooms, a library and multi-purpose meeting rooms, to provide colleagues with a comfortable and practical environment for training.

The Group's development milestones are showcased at ATC's entrance, enabling colleagues to strengthen their knowledge and sense of belonging to the Group.

In line with the Group's pursuit of innovation, ATC has adopted a wide range of cutting-edge technologies, including the application of VR technology in its training programmes – a breakthrough in Hong Kong's E&M industry. Through its VR platform, more training programmes can be provided in a flexible manner, making it easier for colleagues to master skills and complete tasks. ATC also provides an experience zone to showcase the Group's innovative technologies – applied or self-developed for its four core businesses segments, including Internet of Things (IoT), Building Information Modelling (BIM), Multi-Trade integrated Mechanical, Electrical and Plumbing (MiMEP) 3D printing model, smart safety helmet, AI-driven platform, advanced buffer and over-speed governor for lifts, enabling colleagues to learn more about the Group's services and competitive advantages through interactive activities.

Irrespective of the outbreak of pandemic last year, the Group continued to provide training through the internet, such as by webinars to nurture its engineering talent. Upon the opening of ATC, colleagues will be able to enjoy more diversified training options, thus being able to fully benefit from the programmes at their disposal. This also complements the Group's online resources and training platform "ATALent" which was launched last year, as it offers the latest training information, including videos on different training courses to allow colleagues to review or retrieve the latest course materials anytime and anywhere, both online and offline, thereby building a corporate culture of life-long learning.

The design of ATC has taken into account the needs of more than 2,500 staff and adopted the Group's core values and guiding principles as expressed through its interior design. In addition, it is equipped with a library and multi-purpose function rooms to strengthen the bonding among colleagues. The Group's development milestones are also showcased at ATC's entrance, enabling colleagues to enhance their understanding of and sense of belonging to the Group.

Under its people-centric principle, the Group is committed to encouraging all-round staff development. At present, the Group has developed 12 internal training programmes, covering ATAL familiarisation; management sharing; professional technologies; quality, safety and environmental protection; BIM; project management; contract management; soft skills; information technology; enterprise resource planning (ERP); other occupational skills, etc. The Group also customises various programmes according to the career development of different staff.

Dr Otto Poon Lok-To, Chairman of ATAL Engineering Group, said, "Professional talent have always been the most important assets of the Group and the industry. Therefore, the Group has been committed to providing many training and internship opportunities to our colleagues. Today, our ATAL Training Centre, which has taken some time to bring to fruition, sets an important milestone in our talent cultivation. In the future, we will continue to uphold the strategies of New Technology, New Market and New Business Model, and strive to develop and introduce more innovative technologies, not only for business applications, but also for talent training, in order to promote the long-term development of the Group and the industry."

In the past year, the Group has provided training amounting to over 30,000 hours. With the establishment of ATC, the Group will move closer towards the goal of providing 15 hours of training per person per year, and thus equip more engineering talent with professional skills, and accelerate the sustainable development of the Group and the industry.

About ATAL Engineering Group
Established in 1977, ATAL Engineering Group ("ATAL") is a leading electrical and mechanical engineering service provider headquartered in Hong Kong, with operations in Macau, Mainland China, the UK and the US. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies ("ICBT") and Lifts & Escalators. ATAL's parent company, Analogue Holdings Limited, is listed on the Main Board of the Stock Exchange of Hong Kong (Stock Code: 1977).

Copyright 2021 ACN Newswire. All rights reserved.

PallyCon adds a powerful Anti-piracy solution to trace illegal content leak sources on OTT platforms

MUMBAI, INDIA, Sep 7, 2021 – (ACN Newswire) – PallyCon, a global leader in Multi DRM and content protection service provider, announced the launch of a powerful Anti-piracy solution for the OTT platforms. The solution tracks and mines illegal content leakage and sends a red alert to the source of the illicit content generator.

The Anti-piracy solution supported by forensic watermarking integration globally monitors content leakage. It issues a DMCA Takedown Notice to the pirated website before eliminating unlawful content from the site.

PallyCon's forensic watermarking integrated system intelligently crawls and detects hundreds of illicit pirated links over the internet. It takes down the same while providing customers with the choice to detect the source of piracy.

Features of powerful Anti-piracy solution –

– 24×7 Fully Automated service for monitoring
– Global Coverage (for crawling, Detection & Takedown)
– Automated and manual takedown service
– Pre-integrated with PallyCon Forensic Watermarking
– Unique identification of piracy source
– Suitable for VOD content

Expressing his views on the launch, Mr James Ahn, Founder & CEO of INKA ENTWORKS, said that producing premium content requires effort, time, and money. Illegal content copy leads to massive losses to producers and diminishes the charm of new movie releases or any creative content produced.

PallyCon can now safeguard and enable content production houses and content studios to fearlessly produce and distribute content safely by adding an anti-piracy solution to the digital arsenal.

The Anti-piracy solution is a premium addition to the suite of PallyCon content protection, warehousing and forensic watermarking technologies designed to secure and guard apps and developers against various breaches and content piracy.

Details –

About PallyCon

PallyCon is a premium content protection service by INKA ENTWORKS trusted by 200+ customers globally. With a 360-degree, cloud-based end-to-end content security for OTT platforms, such as Multi DRM, Forensic Watermarking, Visible Watermarking, Distributor Watermarking, Anti-Piracy services, App Security with Quick and Simple integration, Inka Entworks is a ONE-IN-ALL solution for OTT owners.

For more information, please contact:
Parag Manikpure

Copyright 2021 ACN Newswire. All rights reserved.

Strong Mainland China demand boosts Swiss watch industry

HONG KONG, Sep 7, 2021 – (ACN Newswire) – Jointly organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong Watch Manufacturers Association and the Federation of Hong Kong Watch Trades and Industries, the special edition of the 40th Hong Kong Watch & Clock Fair and the ninth Salon de TE begin tomorrow at the Hong Kong Convention and Exhibition Centre. To help industry participants grasp the latest market information and trends and formulate strategies for post-pandemic growth, the three organisations hosted the Hong Kong International Watch Forum on 30 August. The forum invited watch association representatives from Mainland China, France, Germany, Hong Kong, Japan and Switzerland to share on the watch industry's current trade performance in the region and offer perspectives that can help the global watchmaking industry continue to move forward.

Daniel Tsai, Chairman of the Federation of Hong Kong Watch Trades & Industries Ltd (centre), with Student Group merit award winners Chan Yin-kei (R), Lau Ka-ki and Ho Wing-kiu; champion Yip Tsz-yan; and first runner-up Ho See-long (L)

"Insight", the creation of Student Group champion Yip Tsz-yan

The "Global Luxury Watch Investment and Market Outlook in Mainland China" forum on 10 September will feature insights from John Ng, Horologer of Montres S.A.

Swiss representative – US demand has also rebounded

Even though the pandemic has battered the global economy and posed significant challenges for the watch and clock industry, the speakers' view was that markets are steadily recovering. They noted that imports, exports, production volumes and profits have all rebounded from the depths of 2020, although still remain shy of 2019 levels.

Thierry Dubois, the representative from Switzerland's Federation of the Swiss Watch Industry FH, explained that Swiss watch exports during the first six months of 2021 have improved year-on-year. In 2020, the country's total exports dropped 21.7% compared to the previous year. However, the total export value remained on a par with that of 2019, dipping only 0.5% to 10.6 billion Swiss francs. This was thanks to the Mainland China market, which has seen a surge in demand for luxury Swiss watches since last summer. Demand from the US also began picking up from March this year, which was sooner than the Swiss watch industry anticipated.

Mr Dubois pointed out that Asia now represents the largest market overall for Swiss watch exports, with Mainland China being the leading market, followed by the US, Hong Kong, Japan and Singapore. He foresees that by 2025, the mainland's consumption will pull further ahead and account for 46-48% of all luxury watch purchases.

He added that the pandemic has created new consumer habits, with prolonged lockdowns giving consumers more time to reflect on their watch purchases and make new discoveries. "We have observed that online sales quickly replaced physical sales, as shops had to close during the lockdowns. In 2019, online sales represented 10-15% of total sales of luxury products. We expect this will rise to 30% by 2025. At the same time, the importance of social media for communication, interaction and sales has continued to grow. Livestreaming has exploded, and the trend is particularly visible in Asia. With the increase in e-commerce, the demand for efficient logistics and delivery has also climbed, because today's online shoppers expect swift product deliveries once they have placed an order," said Mr Dubois. He remarked that there has also been a notable increase in the demand for "pre-owned" watches – or watches that have been possessed by someone else – which is expected to rise by 15-20% within four years.

German representative – physical stores remain attractive

Guido Grohmann, the representative from Germany's Federal Associations of Jewellery, Watches, Silverware and Supplying Industry e.V. (BVSU), said the country's exports of watches, clocks and parts saw a significant year-on-year decline of 14.1% in 2020, including falls of 7.5% in the European Union (EU) and 16.4% in Asia. The situation was largely echoed in imports. In 2020, German imports of watches, clocks and parts fell 6.2% compared to the previous year, with the biggest decline registered in Asia, at 8.7%. Despite this, imports from the EU rose 28.5%, with logistics operating more smoothly among EU countries. In 2021, both exports and imports continued to strengthen during the first five months with imports faring even better than the same period in 2019.

While e-commerce continues to gain popularity, Mr Grohmann said that offline stores are still maintaining their attractiveness. He remarked that even though lower-priced products were sold online during the pandemic, consumers still preferred going to stores to buy high-end products as it allows them to try out the luxury goods. As for logistics, he noted, "The COVID crisis has reflected that we still have huge problems within the supply chain, especially in shipping parts. Industries are looking into reinventing local suppliers in Europe to attain a more secure supply chain. It would be much better if the world's governments [could] focus on how to re-enact the fast and solid supply chain that we used to have. From the watch industry's perspective, we have to discuss this on a global level. It is difficult, but it can be solved."

The Hong Kong International Watch Forum was held as a webinar on 6 September. A replay will soon be available on the Watch & Clock Fair website.

Hong Kong Watch & Clock Competition identifies local design talent

To raise the design standards of the Hong Kong watch industry, nurture local designers and inject new impetus into the industry, the HKTDC collaborated with the Hong Kong Watch Manufacturers Association Ltd and the Federation of Hong Kong Watch Trades & Industries Ltd to organise the 38th Hong Kong Watch & Clock Competition. This year's competition was once again divided into the Open Group and the Student Group, adopting the themes of "Minimalism" and "Live Fully" respectively. About 90 high-quality entries were received, from which a panel of 10 judges from various sectors selected the winning entries.

The results of the competition have been announced and the champion in the Open Group was Tam Kwok-tung for his design titled "SPACE_BAR". Housed in a transparent container, the design beautifully encapsulates the simplicity of the watch's movements. The first runner-up prize was claimed by the Ballerina Watch Company Limited and its design "Singing Bowl". The design forgoes a traditional watch crown to accentuate the unified and symmetrical watch case design. Second runner-up was Wong Ting-bong for his design "D012". The unique open design of the minute dial is topped with a linear second hand, which perfectly represents the concept of points, lines and surfaces as the hands move.

In the Student Group, the Hong Kong Design Institute's Yip Tsz-yan was crowned champion for her design "Insight". Her watch's bezel and glass are made with a diamond-cut design, and the case-back contains fancy glass that refracts light and reflects colours. Ho See-long from the Technological and Higher Education Institute of Hong Kong claimed first runner-up with her design titled "Serendipity". The design reflects the idea that the happiness and fortune people seek may already be surrounding them and that every trivial matter in daily life can be a miracle. The second runner-up prize was taken by another Hong Kong Design Institute student, Pui Hong-yiu, whose design "Expedition" drew inspiration from the film Around the World in 80 Days. The watch's oversized design symbolises the confidence and motivation for taking an expedition, while the mini globes on the face can display the wearer's location.

The champions of the Open Group and Student Group will be sponsored to attend the INHORGENTA MUNICH 2022 trade fair in Germany. All the winning and finalist entries will also be displayed during the Watch & Clock Fair to showcase Hong Kong's design prowess to global industry participants and the general public.

Renowned watchmaker shares tips on luxury watch investment in Mainland China

In addition to the above events, the annual Asian Watch Conference will be held on 9 September during the Watch & Clock Fair. With the theme, "Redesigning the Future of Luxury Watches", experts will look at the future for the luxury watch sector from the perspective of product design trends and marketing strategies, helping watchmakers and manufacturers to be more future-ready. Trade professionals interested in attending the conference can register at the event website.

Meanwhile, a sharing session titled "Global Luxury Watch Investment and Market Outlook in Mainland China" will be held on the afternoon of 10 September. John Ng, Horologer of Montres S.A., who is known as the only Asian disciple of master watchmaker Philippe Dufour, will be joined by Ho Sai-chu, Chairman of Chih Lo Lou Art Promotion (Non-Profit Making) Ltd, as well as three auction house representatives: Cissy Ngan, Associate Vice President and Specialist at Christie's, Mary Lee, Consultant at Sotheby's and Jill Chen, Head of Watches, Hong Kong at Phillips. They will discuss global luxury watch investment and share insights on watch collecting, the prospects for watch investment in Mainland China, the role of young people in the watch industry, and the industry's outlook in the Guangdong-Hong Kong-Macao Greater Bay Area. Interested trade professionals can register here.

The 40th HKTDC Hong Kong Watch & Clock Fair and the ninth Salon de TE both begin tomorrow. The physical fairs will run from 8 to 12 September at the HKCEC, while the online version will run until 19 September. The hybrid format will help global watch traders explore more business opportunities. The five-day fairs at the HKCEC will open to industry buyers and, for the first time, also to the general public, offering local watch lovers the opportunity to shop for precious timepieces.

Fair websites
– Hong Kong Watch & Clock Fair:
– Salon de TE:
– Photo download:


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

Media enquiries:
HKTDC's Communications & Public Affairs Department
Janet Chan, Tel: +852 2584 4369, Email:
Angel Tang, Tel: +852 2584 4544, Email:

Copyright 2021 ACN Newswire. All rights reserved.

Bit2Me Raises 5 Million Euros as Phase One of ICO Sells Out in Under 60 Seconds

MADRID, Sep 7, 2021 – (ACN Newswire) – Bit2Me has closed the first phase of its ICO (Initial Coin Offering) in just 59 seconds, raising a figure of 5 million euros. This is the most successful token issue ever launched in Spain. The second phase will start on September 13 and the third phase on September 21.

Record-Breaking ICO

The Spanish cryptocurrencies platform had already raised 2.5 million in a private round in early August. In total, it has achieved an investment of 7.5 million euros through its B2M token, which can be reserved from the official website

After the success of the first phase, the company is preparing the second phase of the ICO, which will take place on September 13, with the greatest of guarantees. The third and final phase will start on September 21. It is possible to join the queue for both and schedule a purchase through a form available on the website.

On September 6, Bit2Me issued a total of 500 million tokens. Another 500 million will be put into circulation in the second phase, while 250 million will be launched in the third phase. In total, Bit2Me will issue 1.25 billion tokens.

Global Appeal

The interest in the ICO was so great in the days prior to the first phase that the company opened operations in 13 other countries in order to meet demand. In this way, citizens of Uruguay, Panama, Colombia, Bolivia, Puerto Rico, Costa Rica, Ecuador, Guatemala, Honduras, Jamaica, Dominica, Martinique, and Guyana had the opportunity to invest in B2M. These countries join the more than 70 others in which B2M operates.

Bit2me CEO and Co-founder, Leif Ferreira stated:

"It was very important for us to demonstrate that from Spain we can also digitally transform the world in the style of Silicon Valley. We are the pioneers in a technology that is revolutionizing the whole planet. We have demonstrated why we are one of the engines driving this disruptive proposal."

One of the advantages for B2M token holders is that they will be able to benefit from discounts of up to 90% on commissions, access better conditions for various associated services, and play a role in governance for certain decisions in the company's future.

Bit2Me Socials

Media Contact:
Victoria Salas,

Bit2Me is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Copyright 2021 ACN Newswire. All rights reserved. Provides Clients with News and Data to Help Make Informed Investments

SINGAPORE, Sep 6, 2021 – (ACN Newswire) –, a digital stock market news outlet, launches premium aggregate finance news from major sources. They have a team of professionals in the field who are experts at collecting information and articles from various sources around the world.

The company is made up of a team of Individuals with a wide-ranging and in-depth understanding of the stock market events in US, Hong Kong, Singapore, China, Malaysia as well as other countries around the world. They are equipped with proving clients with the best possible experience, thanks to their incredible manpower, supported by cutting-edge computer systems.

The company's main aim is to build a community of investors. Investors needs a wide array of information to help them to make wise investment decisions and timely news is of paramount importance. They are also constantly working hard to include more investor friendly features.

What offers here is tons of business and economic news that can keep viewers informed of what is going on in the markets. And to be successful and have better information, viewers want instant news about stock trading from various sources. That's where can be a great choice for any investors looking to invest in stocks worldwide, cryptocurrencies or forex. is here to provide the latest news on all major stock markets like the US, Hong Kong, China, Singapore, and Malaysia and also cover IPO, cryptocurrency, and Forex news. Among some of the trendy topics, besides investing news, is a section of charts and graphs to help the reader visualize data.

Based in Malaysia, offers an ample amount of reliable content for beginner and professional investors, with various articles, analyses that range on various financial topics and markets. The company's mission statement is to bring the experience working with Fortune 500 companies to the table.

For more information, please visit:

Media contact
Contact: Vicky Lee


Copyright 2021 ACN Newswire. All rights reserved.

CEKD Berhad Launches Prospectus to Raise RM24.28 Million from IPO

KUALA LUMPUR, Sep 6, 2021 – (ACN Newswire) – CEKD BERHAD ("CEKD" or the "Group"), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories enroute to a listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities), is pleased to announce the launch of the Group's prospectus for the initial public offering (IPO).

The Group aims to raise RM24.28 million from its upcoming listing. The IPO involves the public issue of 50.59 million new shares at the issue price of RM0.48 sen per share, to be made available for application in the following manner:

Public issue:
– 9.73 million new shares will be available for application to the Malaysian public;
– 9.73 million new shares will be allocated for application by eligible directors, employees and persons who have contributed to the success of the Group;
– 6.81 million new shares by way of private placement to selected investors; and
– 24.32 million shares by way of private placement to Bumiputera investors approved by the Ministry of International Trade and Industry (MITI).

The Utilisation of Proceeds table as below:

Managing Director of CEKD, Yap Kai Ning, said: "The forthcoming listing of CEKD Berhad marks a significant milestone in our history. This IPO will not only strengthen our presence in the industry as a leading die-cutting solutions provider and manufacturer but also raise our profile to help us in our expansion plans. We are committed to sustaining our reputation and creating value for our shareholders."

"The proceeds from the IPO will go towards acquiring laser-cutting machines and automatic steel rule processors to support business expansion and increase our production efficiency. Our production capability will be enhanced with the upgrading of our computer software and servers and this will support business growth. Besides the purchase of machinery and equipment, we are also going to acquire a factory for Hotstar located in Kepong, Kuala Lumpur."

As at 6 August 2021, the Group has a large and diverse customer base of 1,309 customers while the Group achieved an average gross profit margin of 48.3% from FYE 2018 to FYE 2020.

Managing Director of Corporate Finance, M&A Securities Sdn Bhd (M&A Securities), Datuk Bill Tan said: "As of today, we have received positive response from investors for CEKD's IPO and we are pleased to play a significant role in its goal to become a public listed company. This milestone today is the result of the hard work and dedication of the CEKD team. They are experienced and committed with operational expertise and in-depth knowledge of the manufacturing of die-cutting moulds and trading of related consumables, tools and accessories. The IPO will strengthen CEKD's foothold in the industry."

CEKD's Adviser, Sponsor, Sole Underwriter and Placement Agent in relation to the IPO is M&A Securities. Pursuant to the underwriting agreement, M&A Securities will be underwriting for shares available for application by the Malaysian public.

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410

Copyright 2021 ACN Newswire. All rights reserved.

Baanx Acquires Stake in Major US Fintech Bank

LONDON, Sep 6, 2021 – (ACN Newswire) – Baanx, the fast-growing B2B2C "Better than a Banking Platform" specialising in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout America.

Maxwell State Bank is a fintech bank and VISA Principal Member established circa 1943 in Iowa. With total assets of $29,655,000 and deposits of $25,058,000 Maxwell has been FDIC certified since 1943 for insured deposits. Maxwell was acquired by serial fintech entrepreneur Ronald Ingram, founder of multi-billion dollar fintech programs and companies. He has ambitious plans to make this bank the most secure and future-proof bank in America by expanding their services. He plans to achieve this by working with fintech leaders in cybersecurity, cryptography, tokenization and private/public key infrastructure companies.

Baanx has rapidly become a market leader in secure transaction payment systems, secured lending and banking services with a focus on fast growing verticals. Offering VISA & Mastercard programs through their platform, combined with secured lending services from as little as 0% APR, they are expanding quickly through their B2B2C business model. Baanx partners with leading corporate communities, white-labelling as a leading brand, whilst completely managing the delivery and support of the service to each community they engage with.

Garth Howat, CEO of Baanx said, "We are very excited to have taken a stake in Maxwell and working with Ronald Ingram, who has a strong track record of delivering high performing secure fintech services, having been responsible for $100s of billions of fintech transactions in recent years."

Ronald Ingram, Chairman of Maxwell said, "We are very pleased to welcome Baanx as an investor in Maxwell State Bank. Maxwell Bank has been profitable and well managed for decades, Maxwell, as of 2021, is the most connected bank in North America with direct fiber and low earth laser satellite connectivity. We expect Baanx will expand upon Maxwell's commitment to futurize banking. Baanx is a money center fintech, in the historical banking center of the world, London, with specializations across cryptography, lending, cybersecurity and public/private key infrastructure. We look forward to strategic partnership opportunities such as state-of-the-art cyber security, access to digital safe-keeping of assets and general privacy that we expect to evolve out of this strategic investment."

About Baanx

Baanx "Better than a Banking Platform", offers banking services to fintechs, including secured lending against digital assets and payment authorisation integration into VISA, Mastercard & other transaction payment systems. Baanx headquarters are in London (UK) with subsidiaries in Delaware (United States), Portugal and Lithuania. Baanx manages digital assets using military grade cryptography for maximum privacy and security with digital asset insurance through their partners up to $100M. Baanx is managed by a seasoned team with over a hundred years of combined experience in banking, financial technology, cryptography, finance and digital marketing.

About Maxwell

Maxwell State Bank has been serving Americans for nearly 75 years. January 2021 it was acquired by Ronald Ingram, a serial entrepreneur in fintech, who created a roadmap to ensure the future of this well-established profitable bank for the next generations in the community, region and beyond.

Copyright 2021 ACN Newswire. All rights reserved.

Creative China Signs Cooperation Framework Agreement and MOU on Possible Cooperation with Truth Pictures

HONG KONG, Sep 6, 2021 – (ACN Newswire) – Creative China Holdings Limited ("Creative China" or the "Group"; stock code: 8368) announced today that the Group and Truth Pictures (Hong Kong) Limited ("Truth Pictures") have signed a cooperation framework agreement (the "Cooperation Framework Agreement") committing to cooperating on the distribution, broadcasting and marketing promotion planning of foreign movies in Mainland China. The Cooperation Framework Agreement sets out the basic principle for subsequent cooperation valid for five years then renewable for one year automatically and indefinitely, if at expiry no party disagrees.

At the same time, the Group has also signed a non-legally binding Memorandum of Understanding ("MOU") on subsequent cooperation (the "Possible Cooperation"). It is subject to further due diligence, and the terms and conditions of the formal agreement. Truth Pictures and the Group propose to carry out a cooperation in distribution of six foreign imported films in Mainland China through cinemas, television station and/or the New Media (as the case may be). The plot of the six films includes reality, fantasy love, thriller, crime / comedy, e-sports / youth, and art.

Creative China engages mainly in program production, film and television program pre-production, distribution and related services, and organizing concerts and events, mobile live broadcasting and e-commerce, and artist management. The Group is experienced in marketing promotional planning of domestic and foreign imported films by providing event organisation services including the premiere ceremony for the film, producing high-quality television programs on the reality casting variety show of films, programs introducing upcoming films with film trailers, interviews of the cast and behind-the-scene video in Mainland China. In recent years, it has expanded its program production business to cover distributing licensing rights of serial programs and investing in pre-production of films and serial programs. Currently, the segment focuses on three major businesses in the film and television industry chain, namely project planning and script creation, production and publishing, generating increasing value for Creative China.

Truth Pictures, which is incorporated in Hong Kong, is in the business of distribution, development and production of films and television programs in Mainland China, Hong Kong and Taiwan with extensive resources. According to Truth Pictures, the founding team has more than 20 years of industry experience, with in-depth partnerships including Sony Pictures, Paramount Pictures, DreamWorks Animation, Warner Bros. Movies, Maoyan Entertainment, Alibaba Pictures, Tencent Pictures, iQIYI Pictures, China Film Group Corporation and Huaxia Film Distribution. Its projects include "Transformers: Age of Extinction", "Mission: Impossible – Rogue Nation", "Spectre ", "Terminator Genisys", "Angry Birds", "xXx: Return of Xander Cage", "Baby Driver", "Peter Rabbit", "The Current War" and "Dance with Me". The founder was the China co-producer of "Transformers: Age of Extinction", "Mission: Impossible – Rogue Nation", "Terminator: Genisys", "The SpongeBob Movie: Sponge Out of Water" and "Peter Rabbit".

Mr. Philip Yang, Chairman and Executive Director of Creative China, said, "Even though 2021 has been thus far still rather challenging, the box office of movie theatres in Mainland China has continued to grow. We expect to reap powerful synergies from this partnership and possible acquisition and integration with the team of industry veterans at Truth Pictures. We are confident that this cooperation will enable us to further our reach into the film sector, giving us the chance to diversify our program production segment and expand market share in the film industry. We look forward to working with Truth Pictures and bringing more substantial theatre box office revenue and copyright transaction revenue to the Company."

According to data from China Film Administration and ENDATA, the box office of Chinese movies was approximately RMB 60.9 billion, 64.2 billion and 20.4 billion, respectively from 2018 to 2020. Affected by COVID-19, the box office of imported films accounted for approximately 38%, 36% and 16% (approximately RMB 23.1 billion, 23.1 billion and 3.3 billion) of the total movie box office respectively. According to industry data from DengTa Professional APP, the number of imported films was approximately 121, 136, and 61, respectively, year-on-year. In terms of revenue, China is one of the world's two largest movie markets. The nation's film industry continued to recover in 2021. According to PriceWaterHouse Coopers' "Global Entertainment and Media Industry Outlook 2021 to 2025" China Summary, apart from a few cinema closures because of local COVID outbreaks in the second half of 2020, there was an 8.3% year-on-year increase in the number of screens, bringing the total to 75,581. The box office revenue of Chinese New Year in 2021 films also hit record high. China's box office continues to add significantly to global box office revenues. The number of moviegoers in the country has rebounded sharply to about 1.4 billion in 2021, and will reach 1.8 billion by 2025, exceeding pre-pandemic levels. China's film revenue in 2025 is expected to account for 23.5% of the world's total revenue of US$47 billion, second only to the United States' 24.1%. The compound annual growth rate of China's film revenue is estimated at 8.25% between 2021 and 2025.

About Creative China Holdings Limited (Stock Code: 8368)
Creative China is dedicated to turning creativity into wealth and fostering development of the creative industry with innovation. The Group mainly engages in program production, film and television program pre-production, distribution and related services, concert and event organisation, mobile live broadcasting and e-commerce, and artist management. The original creative cultural products of the Group included television singing concerts, movie premieres and award presentation ceremonies, multimedia musicals and star-hosted television shows. Such first-of-their-kind productions has served as guidepost for the industry. Having organised many creative and high-standard international activities and afforded creative stage designs, creative visual and public relations efforts, it boasts great influence and communication capability in Mainland China.

For more information of Creative China, please visit:

About Truth Pictures (Hong Kong) Limited
Truth Pictures, which is incorporated in Hong Kong, is in the business of distribution, development and production of films and television programs in Mainland China, Hong Kong and Taiwan with extensive resources. According to Truth Pictures, the founding team has more than 20 years of industry experience, with in-depth partnerships including Sony Pictures, Paramount Pictures, DreamWorks Animation, Warner Bros. Movies, Maoyan Entertainment, Alibaba Pictures, Tencent Pictures, iQIYI Pictures, China Film Group Corporation and Huaxia Film Distribution. Its projects include "Transformers: Age of Extinction", "Mission: Impossible – Rogue Nation", "Spectre", "Terminator Genisys", "Angry Birds", "xXx: Return of Xander Cage", "Baby Driver", "Peter Rabbit", "The Current War" and "Dance with Me". The founder was the China co-producer of "Transformers: Age of Extinction", "Mission: Impossible – Rogue Nation", "Terminator: Genisys", "The SpongeBob Movie: Sponge Out of Water" and "Peter Rabbit".

Copyright 2021 ACN Newswire. All rights reserved.

Daiwa Securities Upgrades Rating of Parent Company of Precision Tsugami (1651.HK) to “Outperform”

HONG KONG, Sep 6, 2021 – (ACN Newswire) – Daiwa Securities, in its recently published research report, has upgraded the rating for the parent company of Precision Tsugami (China) Corporation Limited ("Precision Tsugami" or the "Company", stock code: 1651), which is the largest foreign-owned CNC high-precision machine tool manufacturer in the PRC . The "Outperform" rating was given to the firm as Daiwa Securities was particularly optimistic about Precision Tsugami's strong business foundation in the PRC, and the higher-than-expected number of orders received in July.

In the report, Daiwa Securities noted that Precision Tsugami brought a new plant on stream in Anhui Province, the PRC, in March 2021, thus increasing total production capacity by just above 15%. The ability to supply the needed volume of products by the deadlines demanded by customers is particularly important in the PRC. The Group commands a lofty share of the local market for small- and mid-size sliding headstock automatic lathes (60-70% by its estimate). Leveraging its strong profile, the Company has established close relations with a number of local area suppliers and appears to be well positioned when it comes to securing the parts, materials and workforce needed for business activities. At this juncture, the procurement difficulties have not had a major impact on the Company's production. In view of the higher-than-expected number of orders in July, Daiwa Securities raised its revenue forecast for the parent company of Precision Tsugami. The forecasted revenue and operating profit for FY21 are 100.5 billion yen (HK$7.084 billion) and 20.5 billion yen (HK$1.445 billion), respectively, and 107 billion yen (HK$7.542 billion) and 21.8 billion yen (HK$1.537 billion) in FY22, respectively. Daiwa Securities believes that orders will remain at a high level. In the first quarter of FY22, Precision Tsugami accounted for 70% of the parent company's revenue.

Since its establishment, Precision Tsugami has been committed to developing, manufacturing and selling modern CNC machine tools. Currently, it manufactures various high-end precision CNC machine tools such as automatic lathes, turret machines, machining centres and grinding machines that are used in diverse industries, spanning automotive parts, smart phones and 5G communications to automation, medical equipment and construction machinery. The Company is the largest overseas production base of Tsugami Japan. In addition to selling its products in the PRC, the Company also exports to Japan, South Korea, Taiwan, Europe, the United States and other markets.

About Precision Tsugami (China) Corporation Limited
The Group is an established foreign-owned CNC high-precision machine tool manufacturer in the PRC which primarily engages in the manufacture and sales of a wide range of CNC high precision machine tools under the TSUGAMI brands. The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 25 September 2017. The Group's CNC high-precision machine tools can be broadly classified into four major product categories, namely, precision lathes, precision machining centres, precision grinding machines and precision thread and form rolling machines. The Group offers CNC high-precision machine tools that are of standardised design and specifications to its customers and is able to provide machine tool solutions to them and make various specifications and/or customisations to CNC high-precision machine tools. According to Frost & Sullivan, in terms of revenue in 2017, the Group ranked third in the CNC high-precision machine tool industry in the PRC and was the largest foreign-owned CNC high-precision machine tool manufacturer in the PRC. The Group also ranked first in the PRC precision automatic lathe market in terms of revenue in 2017, with a market share of approximately 49.8%.

Copyright 2021 ACN Newswire. All rights reserved.