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HONG KONG, July 5, 2024 – (ACN Newswire) – On 2 July, Fosun International (HKEX: 0656) successfully paid off USD600 million maturing US dollar bond. With this repayment, Fosun has now fulfilled all of its offshore bonds obligations due this year, and has no offshore bonds maturing in the next 15 months.
This successful USD600 million bond repayment reflects Fosun’s consistent efforts to further reduce its public market bond and optimize its debt structure, after navigating through the maturity wall in 2023, once again demonstrating its operational stability and financial resilience. Furthermore, Fosun has maintained long-term, stable cooperative relationships with broad-based domestic and international banks, giving it the flexibility to time the progress of its asset divestments. Fosun International collaborated with nearly 15 domestic and international banks to raise a syndicate loan of no less than USD600 million in the first half of this year. It is reported that the syndicate is currently in the greenshoe stage, and more banks are expected to join the syndicate.
Despite of many challenges in the global environment, Fosun, on the one hand, has deterministically implemented the strategic adjustment of “operation streamlining and core businesses focusing” and divest sizable non-core and non-strategy assets. On the other hand, Fosun has continued to focus on core industries, optimize its asset portfolio, and enhance its presence in businesses with stable cash flows and profit growth potential. According to public disclosure, since 2022, Fosun has divested assets including Nanjing Iron & Steel, Jianlong Shares, Shanghai PANASIA Shipping, AmeriTrust, Ageas and HAL, etc., in an orderly manner, generating tens of billions in cash inflow.
Fosun’s recent divestment of HAL has been well noticed by many market observers. Fosun’s asset divestment does not only drive debt deduction, but also optimizes its portfolio mix so that Fosun can achieve asset-light operation. The HAL transaction has demonstrated Fosun’s standardized, replicable and sustainable core business operational capabilities encompassing “global operations” and “value realization”. Leveraging its in-depth operational management, Fosun supported HAL’s M&As, enabling HAL to fully harness the advantages of Fosun’s globalization strategy to accelerate business upgrades and enhance asset value. As the consideration of the HAL transaction is higher than the historical total investment cost, the transaction is expected to secure double-digit IRR for Fosun.
In recent years, Fosun has steadily divested non-core assets, demonstrating its asset quality and execution capabilities; at the same time, Fosun has been fully supported by both domestic and international financial institutions, as a vote of confidence to Fosun’s credit profile. On 30 May this year, S&P Global Ratings issued a rating report, affirming its stable outlook on Fosun International’s long-term issuer and issue credit ratings, with an overall positive stance.
S&P Global Ratings expects Fosun’s asset quality and credit quality to remain stable, with possible further improvement. Despite the ongoing complex global macroeconomic landscape, Fosun has maintained stable credit indicators as assessed by S&P Global Ratings, which is attributed to its steadfast pursuit of the core business-focused strategy, further strengthening its organic growth momentum.
In addition to the recognition from banks as well as international credit rating agency, domestic and international investment institutions such as Citibank, UBS, Nomura, and Founder Securities, Kaiyuan Securities, and Essence International have also published research reports expressing their bullish view on Fosun International’s steadfast execution of its strategy to focus on core businesses and strike a balance between investment and divestment. These institutions have assigned Fosun International a “Buy” or “Overweight” rating. Essence International gave a target price of HKD7.5 for Fosun, implying a potential upside of 78% from the current price.
KUALA LUMPUR, July 5, 2024 – (ACN Newswire) – Proven Land Sdn Bhd (“Proven Land”). is pleased to announce the signing of an agreement with a wholly owned subsidiary of EXSIM Development Sdn Bhd (“EXSIM”) to subscribe a stake in the renowned property development company. This collaboration allows Proven Land to benefit from a diverse and innovative project portfolio that promises significant growth and development opportunities.
Mr Jack Leong, Director of Proven Land; Mr Lim Aik Hoe, Managing Director of EXSIM Development Sdn Bhd [L-R]
EXSIM known for its cutting-edge, green, and sustainable projects, has a prominent presence in the property development sector. Some notable hospitality projects of EXSIM which have been successfully completed includes Expressionz Professional Suites @ Tun Razak, Ceylonz Suites @ Bukit Ceylon, Scarletz Suites @ KL City Centre and Mossaz @ Damansara Perdana.
With a history of excellence and numerous successful developments, EXSIM has played a pivotal role in shaping the urban landscape and driving economic growth. This partnership is poised to harness the parties’ expertise to foster substantial growth in the property sector.
Mr. Jack Leong, Director of Proven Land commented, “Our investment in EXSIM marks a significant milestone for Proven Land. By subscribing the stake, we are poised to leverage their innovative projects and expertise, enhancing our portfolio and creating new opportunities for growth. This collaboration underscores our commitment to high-potential sectors and driving economic prosperity in the ASEAN region.”
Mr Lim Aik Hoe, Managing Director of EXSIM, said “We are delighted to welcome Proven Land as our partner. This collaboration signifies their confidence EXSIM in building more greener and sustainable developments, while elevating the living lifestyle of our buyers. We hope to have more partnership with Proven Land in the future, perhaps in different component of development too.”
On the same day, Proven Land also entered into an agreement with Octowill Trustees Berhad (“Octowill”), which will support Proven Land’s future development.
The Management of Octowill Trustees, remarked, “Our investment in Proven Land underscores our belief in the strategic vision and robust potential of Proven Land. This collaboration is set to unlock significant value for our stakeholders and drive sustainable growth, especially in the rapidly growing urban development landscape.”
Looking ahead, Proven Land remains highly optimistic about the future growth of the property development landscape in Malaysia. The Company is committed to identifying and capitalising on high-potential opportunities, driving innovation, and contributing to the economic prosperity of the region.
ABOUT PROVEN LAND SDN. BHD.
Proven Land Sdn. Bhd. is a Malaysia-based company dedicated to advancing sustainable property development. Proven Land focuses on creating innovative, eco-friendly developments that contribute to the well-being of communities and the environment. The company leverages expertise in property development to transform innovative ideas into successful, sustainable projects.
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Proven Venture Capital Ltd.
For more information, please contact: Jazzmin Wan Tel: +60 17-289 4110 Email: j.wan@swanconsultancy.biz
KUALA LUMPUR, July 5, 2024 – (ACN Newswire) – Go Hub Capital Berhad (“Go Hub” or the “Company”), a key transportation information technology (IT) solutions provider, proudly marked its debut today on the ACE Market of Bursa Malaysia Securities Berhad. The shares opened at RM0.80 per share, showcasing a strong market reception and achieving significant 128.57% premium over the IPO price of RM0.35 per share.
Mr. Eng Chee Seng, Chief Business Development Officer, Go Hub Capital Berhad; Cik Alwizah Al-Yafii Binti Ahmad Kamal, Independent Non-Executive Director, Go Hub Capital Berhad; En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman, Go Hub Capital Berhad; Mr. Hong Boon Huon, Chief Technology Officer, Go Hub Capital Berhad; Mr Tan Cherng Thong, Executive Director / CEO, Go Hub Capital Berhad; Ms. Lee Li Yee Executive, Director / Finance Director, Go Hub Capital Berhad; Ms. Poh Zuan Yin, Independent Non-Executive Director, Go Hub Capital Berhad; Mr. Lee Yew Weng, Independent Non-Executive Director, Go Hub Capital Berhad [L-R]
Go Hub was listed under the stock name “GOHUB” today with the stock code “0311”.
Having a proven track record in terminal operating systems, bus operating systems, and automated fare collection systems, Go Hub group is a recognised leader in the public transportation IT solutions industry. The Company’s innovative technologies and commitment to operational efficiency have been instrumental in enhancing the quality of public transportation services and contributing to clients’ environmental, social, and governance (“ESG”) targets, including improving operational efficiency and passengers’ experience.
The successful initial public offering of Go Hub Capital Berhad raised approximately RM37.51 million, allocated as follows: RM24.71 towards business expansion, RM4.00 million for the repayment of bank borrowings, RM4.80 million for working capital requirements, and RM4.00 million reserved for payment of listing expenses.
En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman of Go Hub expressed excitement: “This successful listing marks a significant milestone for Go Hub. It reflects the hard work and dedication of our team and the confidence the market has in our vision and strategy. We are enthusiastic about the opportunities this will bring, allowing us to further enhance our services and expand our reach within Malaysia.”
“The positive investor response to our IPO underscores the market’s belief in our capabilities and growth potential. We look forward to leveraging this momentum to drive Go Hub’s growth and to solidify our position as a key IT solutions provider in the public transportation sector.”
Go Hub Capital Berhad (“Go Hub” or the “Company”) was incorporated in Malaysia as a private limited company under the name Go Hub Capital Sdn. Bhd. and converted to a public limited company, assuming its current name. Through its subsidiary, principally involved in the provision of enterprise IT services, focusing on providing transportation IT solutions (including customised software development systems and integration of hardware and software systems) in the bus and rail segments. Go Hub develops transportation IT solutions such as the Terminal Operating System (“TOS”) and the Bus Operating System (“BOS”) as well as the Automated Fare Collection System (“AFC”), which enhances the operational efficiency of public transportation infrastructures. Go Hub’s offerings also extend to include maintenance and support services as well as terminal management services for the IT solutions delivered. These technologies are crucial for entities looking to modernise, streamline and optimise its operational process flow and improve passengers’ travel experience through advanced digital platforms.
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Go Hub Capital Berhad
For more information, please contact: Jazzmin Wan Tel: +60 17-289 4110 Email: j.wan@swanconsultancy.biz
NISEKO, July 2, 2024 – (JCN Newswire) – The 2024 edition of the PropertyGuru Asia Property Awards (Greater Niseko) is now accepting entries across a broad range of categories that aims to elevate the standards of development and design in Japan’s alpine real estate markets.
Submissions from eligible entrants from the Greater Niseko region are being accepted via asiapropertyawards.com until 13 September 2024.
The presentation ceremony of the 2024 PropertyGuru Asia Property Awards (Greater Niseko) will be held during an exclusive gala luncheon on Friday, 13 December at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, where finalists from East Asia and Middle East will also participate.
Submissions from eligible entrants from the Greater Niseko region are being accepted via asiapropertyawards.com until 13 September 2024.
Key dates for the 2024 edition: 13 September 2024 – Entries close 23 September to 14 October 2024 – Site Inspections 15 October 2024 – Final Judging 13 December 2024 – Greater Niseko Awards Luncheon in Bangkok, Thailand 13 December 2024 – Regional Grand Final Awards Gala Dinner in Bangkok, Thailand
Japan’s finest alpine real estate rises at the PropertyGuru Asia Property Awards 2023. The presentation ceremony of the 2024 PropertyGuru Asia Property Awards (Greater Niseko) will be held during an exclusive gala luncheon on Friday, 13 December at the Athenee Hotel, a Luxury Collection Hotel, Bangkok.
Influx of tourists, investors
Since reopening its borders, Japan has seen a significant influx of tourism and real estate investment, driven by its popular destinations like Niseko and the low currency value, making spending cost-effective. The dollar strength has also improved sentiment towards the country’s resort real estate market.
The latest edition of the PropertyGuru Asia Property Awards (Greater Niseko) features a diverse range of categories reflecting the growing appeal of Japan’s alpine real estate to international property seekers.
This year’s awards programme is accepting entries across several new categories, including Best Investment Condo Development and Best Investment Housing Development. Other categories are poised to recognise Greater Niseko’s finest lifestyle developments, nature-integrated projects, and sales galleries.
Placing more emphasis on Environmental, Social, and Governance (ESG) global standards, this year’s awards include all-new recognitions for developers within Greater Niseko that excel in sustainable design, sustainable construction, energy efficiency, and social impact.
Jules Kay, general manager of Awards and Events at PropertyGuru Group, said: “We invite nominations for this year’s awards in Japan as we recognise the dynamic and multifaceted growth of its resort industry. We’re pleased to see international investors capitalising on the immense potential of Japan’s resorts and launch developments that enhance convenience and lifestyle options for tourists, skiers, and snowboarders. Beyond the winter season, these resorts present untapped opportunities with their scenic beauty, year-round onsens, mountain biking trails, and premier golf courses. Join us this year in celebrating the properties transforming Japan’s resort market.”
Transparent, fair, credible
An independent panel of judges, comprising experts in the property sector and related fields, determines this year’s distinguished crop of winners. The judges conduct a transparent, fair, and credible selection process under the supervision of HLB, the global advisory and accounting network.
Eddie Guillemette, chairperson of the Awards in Greater Niseko and CEO of Midori no Ki (MnK), said: “The Asia Property Awards offer an opportunity for developers to distinguish their brands in an increasingly competitive property market. In the Japanese alpine market, developers can use the awards process to hone their message to attract guests, sports enthusiasts, and investors with unique designs, complimentary services, and all-season attractions. Winning a regional award like this validates a real estate project and ultimately helps build trust with consumers.”
Top winners will get the chance to compete with their peers from across the region for the coveted titles of “Best in Asia” at the 19th PropertyGuru Asia Property Awards Grand Final, which will be presented at the gala night on 13 December 2024 in Bangkok.
Hanacreek by Apex Property and Aki Niseko by Takuetsu Co., Ltd. represented Greater Niseko at the 18th PropertyGuru Asia Property Awards Grand Final in 2023 with prestigious wins for Best Housing / Landed Architectural Design (Asia) and Best Housing / Landed Interior Design (Asia), respectively.
The PropertyGuru Asia Property Awards (Greater Niseko) are part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, Middle East, and Oceania, with exclusive gala events and ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE:PGRU), the 2024 PropertyGuru Asia Property Awards (Greater Niseko) are made possible by supporting association Niseko Tourism; official magazine Property Report by PropertyGuru; media partners Japan Today, Marketing in Asia, Powderlife, and Real Estate Japan; and official supervisor HLB.
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
In 2024, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2024.
PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 34 million property seekers(2) to connect with almost 55,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.8 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 16 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
(1) Based on SimilarWeb data between July 2023 and December 2023. (2) Based on Google Analytics data between July 2023 and December 2023. (3) Based on data between October 2023 and December 2023. (4) Based on data between October 2023 and December 2023.
PROPERTYGURU CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
HONG KONG, July 5, 2024 – (ACN Newswire) – The Hong Kong Investor Relations Association (“HKIRA”) today announced the winners of the 10th Investor Relations Awards 2024 (the “IR Awards” or the “Awards”).
In its tenth consecutive year, the Awards recognises and honours investor relations (“IR”) excellence and best practices among Hong Kong listed companies and IR professionals. In the complex global financial and investment environment this year, effective communication between companies and investors has become crucial. The Investor Relations Awards Conference and Awards Ceremony invited experts and professionals in the field to discuss and share their different perspectives on strategies, latest trends, effective processes and best practices in investor relations. HKIRA was particularly honoured to have Dr Kelvin Wong, SBS, JP, Chairman of the Accounting and Financial Reporting Council, as the guest of honour and keynote speaker at the Awards Presentation Ceremony.
The 10th IR Awards 2024 received widespread support from listed companies and the investment community. A total of 120 companies participated in the Awards this year. As in previous years, the winners were first nominated by the public and then selected via online polling by qualified voters among buy-side and sell-side investors. More than 480 investors from over 277 financial institutions voted this year. The continued support demonstrates the recognition the IR Awards enjoys in the investment community. As the importance of investor relations continues to grow in the industry, HKIRA has continued to strive to raise the standard of IR excellence in Hong Kong by optimising the award mechanism to ensure the quality of the awards.
Of all the award categories, “Overall Best IR Company” is the most prestigious, as the winner is selected by the judging panel from among the winners of all the award categories for its overall exemplary performance in investor relations. This year, the winners of Overall Best IR Company by company size – Large Cap, Mid Cap and Small Cap – are China Resources Beer (Holdings) Company Limited, Xtep International Holdings Limited and CGN New Energy Holdings Co., Ltd.
Dr Eva Chan, Founding Chairman of HKIRA, said, “The 10th IR Awards held this year is an important milestone for us. It not only acknowledges our efforts over the past decade, but also marks a significant step towards a new phase of development. We are honoured and grateful for the strong support and participation of professionals from various industries. Despite the highly uncertain global capital market conditions, including high inflation, high interest rates, and geopolitical volatility, we are privileged to have the support of regulators and government bodies such as the Accounting and Financial Reporting Council, Hong Kong Stock Exchange, the Securities and Futures Commission, the Hong Kong Financial Development Council, member companies, investor relations professionals, and friends from the investment community, who have gathered together to share their diverse perspectives on investor relations strategies, latest trends, effective processes, and best practices. We hope this will inspire and drive more companies to achieve excellence in the field of investor relations.
“In the current complex and ever-changing global financial market, listed companies need to actively engage with investors, increase transparency, provide timely and accurate information, and strengthen relationships with various stakeholders. This is vital for the long-term development of companies. The organisation of the Investor Relations Awards not only recognises the efforts in investor relations work over the past year, but also celebrates outstanding practices within the industry, thus contributing to the prosperity and development of the Hong Kong capital market.”
Strategic Public Relations Group is proud to once again be the Official Public Relations Partner and Diamond Sponsor of the HKIRA IR Awards 2024.
Friends from the investment community and industry professionals attend the 10th Investor Relations Awards Presentation Ceremony
The winners of the 10th IR Awards include the following companies (in sequential order of tickers):
Professor Louis Cheng (Chairman of Judging Panel) The Hang Seng University of Hong Kong; Dr. S H Ho Professor of Banking and Finance, Director of the Research Institute for Business, Director of the Research Centre for ESG
Dato’ Seri CHEAH Cheng Hye MAoF Value Partners Group – Co-Chairman and Co-Chief Investment Officer
Mrs Amy Donati EDICO Holdings Limited – Executive Director and Chief Executive Officer
Ms Ashley Khoo, CFA, CPA CFA Society Hong Kong – Past President and Board Director
Mr Stephen Law Hong Kong Institute of Certified Public Accountants – Council Member
Mr Andrew Look CITIC Resources Holdings Limited – Independent Non-Executive Director
Ms Victoria Mio, CFA, FRM FIL Investment Management (Hong Kong) Limited – Director, Asia Pacific Equity
Dr Maurice Ngai General Committee and the Chairman of Membership Services of the Sub-Committees Chamber of Hong Kong Listed Companies
About HKIRA Hong Kong Investor Relations Association (HKIRA) is a non-profit professional association comprising investor relations practitioners and corporate officers responsible for communication between corporate management and the investment community. HKIRA advocates the setting of international standards in IR education, advances the best IR practices and meets the professional development needs of those interested in pursuing the investor relations profession.
HKIRA is dedicated to advancing the practice of IR as well as the professional competency and status of its members. To date, HKIRA has over 1,300 members most of whom are working for companies primarily listed on the Stock Exchange of Hong Kong. About 64% of the Hang Seng Index Constituent Stock companies are currently members of HKIRA. HKIRA’s members are from a wide spectrum of professions including IR, finance, accounting, company secretarial to corporate investment and hold positions at different corporate levels, including top executives responsible for IR and management of listed companies. For more information about HKIRA details, please visit our website http://www.hkira.com.
About the IR Awards The HKIRA Investor Relations Awards (the “IR Awards”) is an annual campaign that aims to encourage, recognize and reward the excellence in investor relations practices by individuals and companies listed in Hong Kong Stock Exchange. Since the launch in 2015, each year the Awards seeks out and highlights the incredible achievements of individuals and companies with high standards in investor relations through their role modelling to the investment community.
The Awards ceremony, consisting of a conference in the morning and presentation in the afternoon, is a spectacular gathering of IR specialists and industry professionals that applauds and publicizes the year’s achievements in investor relations. For details of the Awards and online nominations, please visit http://www.hkira.com/awards.
Key members of the five teams present their research findings at a press conference.
HONG KONG, July 5, 2024 – (ACN Newswire) – Five projects from The Hong Kong University of Science and Technology (HKUST) were among the first batch of 24 projects awarded funding under the “Research, Academic and Industry Sectors One-plus (RAISe+) Scheme” by the Innovation and Technology Commission of the Government. The new funding will help speed up commercialization of research discoveries that benefit the society, creating a win-win outcome among industry, academic, and research sectors. These research projects, led by professors at the HKUST School of Engineering and School of Science, cover a wide range of topics, including genome-editing, cancer tumor imaging, wastewater treatment, sensing chips, and artificial intelligence robots.
In no particular order, details of the projects:
Project 1: Genome-editing Strategy for Familial Alzheimer’s Disease Therapy
The research team at the HKUST and Hong Kong Center for Neurodegenerative Diseases has developed a novel “one-for-many” genome-editing approach for familial Alzheimer’s disease (FAD). This innovative strategy ablates the expression of the gene that carries distinct disease-causing mutations in different individuals using only a few tools, which is unfeasible with existing strategies.
This novel strategy can reduce levels of the pathological proteins that cause FAD. As a result, this approach has great potential as a long-lasting, disease-modifying treatment for FAD, which affects 2–3 million people worldwide and lacks effective treatments. It is also applicable to other familial diseases that afflict over 160 million patients worldwide. The technology will be licensed to a HKUST startup for clinical development and commercialization.
Dr. Fanny Ip (3rd left), Prof. Amy Fu (2nd right)and research team membersThe research team at HKUST and HKCeND has developed a novel “one-for-many” genome-editing approach for familial Alzheimer’s disease (FAD).
Project 2: Fast microscopic imaging to save time and medical resources
Prof. Terence WONG, Associate Professor of the Department of Chemical and Biological Engineering at the School of Engineering, led a research team to develop an advanced artificial intelligence (AI)-based microscopic imaging system named CHAMP (Computational High-throughput Autofluorescence Microscopy by Pattern Illumination), which revolutionizes the assessment of tumor tissue during cancer surgeries. Designed to enhance surgical precision on the spot, CHAMP allows direct and high-quality cancer cell visualization rapidly, minimizing the need for repeat surgeries and offering clinical and cost-effective benefits.
CHAMP enables the detection of cancer cells in just three minutes, with an accuracy of higher than 90% — comparable to the gold standard of the one-week conventional test. This is achieved by using ultraviolet (UV) light excitation to image the surface of the tissue at a specific wavelength. The CHAMP microscope first generates a greyscale image of the patient’s tissue sample. A deep learning algorithm the team develops will then transform the greyscale image into a histological image convenient for doctors’ instant interpretation, enabling them to make sure all cancer cells have been cut in the operation. More importantly, the CHAMP technology does not require any tissue processing. Therefore, it should apply to all organ types as a platform technology. The team has generated six related US provisional invention patents so far.
Prof. Wong has founded a MedTech start-up, PhoMedics Limited, to translate his research. The current focus is on the lung and breast cancer. Other than these, the team is also conducting tests on smaller scales on the liver, colorectal, kidney, skin, and prostate. With the support of the RAISe+ scheme, the team is preparing to launch a large-scale multi-center clinical trial in five hospitals, including Queen Mary Hospital and Prince of Wales Hospital in Hong Kong, and three hospitals on the Mainland — Peking University Shenzhen Hospital, the People’s Hospital of Guangxi Zhuang Autonomous Region, and Anyang Tumor Hospital.
Prof. Terence Wong (middle) and some of his research team members.Prof. Terence Wong has developed an advanced AI-based microscopic imaging system named CHAMP, which revolutionizes the assessment of tumor tissue during cancer surgeries.
Project 3: Electrochemical technology for wastewater and sludge treatment
Prof. CHEN Guanghao, Chair Professor of the Department of Civil and Environmental Engineering at the School of Engineering, led a research team that has applied two electrochemical technologies for sludge and wastewater treatment.
For sludge management, sludge from sewage treatment plants produces highly toxic hydrogen sulphide (H2S) gas with a strong odor during the treatment process, which poses a great potential hazard. LEEO® was designed to eliminate H2S gas production through electrochemical oxidation, which removes toxins and odors while costing 20% less than existing technologies.
In addition, ECO® was developed to treat organic pollutants from landfills. By combining electrochemical and photochemical processes, ECO® improves degradation efficiencies and aims to reduce carbon emissions and cut costs by half than existing technologies.
The advantages of the patented LEEO® and ECO® are their fast and reliable performance, zero chemical addition, and absence of secondary pollutants.
The team has established ElequaNova Limited with the aim to putting these technologies into action. The team actively collaborates with the Drainage Services Department and the Environmental Protection Department to launch demonstration projects.
Principal Investigator Prof. Chen Guanghao (3rd right) and research team members,Dr. Huang Hao (2nd left), Ir. Ha Yiu-Wing (2nd right), Dr. Yugo SATO (1st left), and Ms. Karen Leung (1st right)LEEO reactor (left) and ECO prototype (right).
Project 4: Smart Ubiquitous Sensors with Unlimited Potential
A research team led by Prof. George Jie YUAN, Associate Dean of Engineering (Research and Graduate Studies), and Professor of the Department of Electronic and Computer Engineering has created three families of sensing chips. The high-performance chips are designed to achieve similar or better performance compared to leading US chip makers. Improving integration level is one of the team’s main focuses. They achieve this goal by integrating all analog circuit components and digital processor into one single chip. Its smaller than average size allows it to fit into much smaller electronic gadgets and save customers’ development costs.
Established by the team to commercialize their inventions, Atom Semiconductor Technologies Limited is mass-producing the chips and has secured major customers. The chip family consists of high precision data converter, digital temperature sensor, and interactive sensor can meet the needs of different IoT electronic customers in various sectors, such as consumer, medical, industrial, and ICT markets. AtomSemi’s chips are a perfect fit for wearables, consumer electronics, industrial electronics, smart homes, and the broader IoT field. The company also got funding from venture capital firms, and the RAISe+ funding will further support the company’s development.
Principal Investigator Prof. George Jie Yuan (middle), Person-in-charge Mr. Jenkin Chan (right), and Dr. Pablo Morales (left).The three series of smart ubiquitous chips developed by Prof. George Jie Yuan’s team have a wide range of applications, perfect for integrating into wearable devices, consumer electronics, industrial electronics, smart home products, and even for use in the Internet of Things (IoT).
Project 5: AI Robotics for Precision Operations
Prof. SHEN Yajing of the Department of Electronic and Computer Engineering at the School of Engineering, led a robot research project that commercializes a high-precision, multi-dimensional, and flexible tactile sensing solution with low costs. It combines tactile sensors, tactile digital equipment, and robot dexterous operating terminals. The “Agile Executive Terminal for Robots” project uses neural network force calculation methods and patented hardware design, providing an ultra-fine digital tactile sensing solution that can improve control and accuracy, while increasing work efficiency and add value to users in different application scenarios.
This project showcases a series of three transformative flexible tactile sensors that can precisely measure the force signals of robotic fingertips from multiple directions, empowering it with sensations akin to human touch, with a wide range of technological applications. In manufacturing and assembly processes, tactile sensors help the production line automatically detect and adapt to delicate variations, enhancing efficiency and quality, and contributing to industrial automation. When tactile data analysis is combined with AI algorithm, sensory data can be analyzed and standardized to improve consistency of product texture; and robots can more accurately perceive their environment and understand human actions through, enabling safer and more natural human-machine interactions.
Besides getting government and capital investment for AgileReach Robotics, a start-up established by the team, they have already been cooperating with research institutes in Hong Kong, industrial automation production lines, medical health centers, and robot-related industries.
“Agile Executive Terminal for Robots”, one of the participating projects of the first batch of RAISe+ Scheme, is led by Prof. Shen Yajing, Associate Professor of HKUST Department of Electronic and Computer Engineering (right), along with Dr. Yang Xiong, Research Assistant Professor of HKUST Department of Electronic and Computer Engineering (right).
In the first-batch RAISe+ funded project named “Agile Executive Terminal for Robots”, flexible tactile sensors and AI algorithm enable accurate measurement of the intensity of touch from multiple directions, thus empowering robots with artificial tactile senses to perform precise operations. Along with the ability to process language and visual messages, humanoid could properly fulfil tasks such as “tidy up and pile the cups”.
Dr. Shin Cheul KIM, HKUST Associate Vice-President for Research and Development (Knowledge Transfer) said, “As a research-focused University, HKUST has placed great emphasis on promoting our knowledge transfer efforts. By sharing research outcomes with industry and business sectors, HKUST aims to translate our research achievements into practical solutions that can tackle global challenges. We are honored that five HKUST projects received new funding through the RAISe+ scheme, which demonstrated the University’s research excellence and fostered further developments of these projects. We look forward to strengthening the collaborations with industry and government to jointly promote innovation to support economic development.”
About the School of Science of HKUST
The School of Science (https://science.hkust.edu.hk) is committed to pursuing cutting-edge research, making groundbreaking discoveries, and establishing new research paradigms. Our quality and well-balanced education places particular emphasis on grit, curiosity, and creativity. The School promotes a vibrant and dynamic environment that emphasizes academic excellence, scholarship, innovation, and collaboration. The School’s five division and departments, namely Life Science, Chemistry, Mathematics, Ocean Science, and Physics, offer a broad range of academic programs and learning opportunities to students.
About the School of Engineering of HKUST
As the largest school within HKUST, the School of Engineering (SENG) (https://seng.hkust.edu.hk) is committed to providing holistic education and nurturing well-rounded graduates with a global vision, strong entrepreneurial spirit, and innovative thinking. It has a strong international reputation and consistently ranks high among major engineering schools around the world. In the Times Higher Education World University Rankings by Subject 2024: Engineering, HKUST was ranked No.33.
About HKUST
The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk) is a world-class research intensive university that focuses on science, engineering and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. Over 80% of our research work were rated “Internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of Hong Kong’s University Grants Committee. We were ranked 3rd in Times Higher Education’s Young University Rankings 2024, and our graduates were ranked 29th worldwide and among the best from universities from Asia in Global Employability University Ranking 2023. As of September 2023, HKUST members have founded 1,747 active start-ups, including 10 Unicorns and 13 exits (IPO or M&A), generating economic impact worth over HK$ 400 billion. In the QS World University Rankings by Subject 2024, 12 subjects have been ranked in the top 50 globally, with “Data Science and Artificial Intelligence” securing the 10th position, the highest ranking among the local universities in the field.
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The Hong Kong University of Science and Technology
KUALA LUMPUR, July 4, 2024 – (ACN Newswire) –JBL®, the industry leading audio company unveiled three upgraded portable speakers, a new earbud and audio equipped sunglasses at the “JBL® Heart of Sound Roadshow” from 3-7 July at 1 Utama, Concourse Old Wing. JBL®, a lifestyle audio brand under Harman International, a wholly owned subsidiary of Samsung Electronics Co, LTD., is known for producing audio equipment with superior sound and immersive audio experiences for consumers and professional markets.
The Roadshow offers several interactive sections to feel and experience the products. The JBL Portable Speakers area highlights the upgraded Xtreme 4, Clip 5 and Go 4. Besides cosmetic changes, each speaker now includes AuracastTM , a multi-speaker connection allowing the same audio to play on different speakers.
At the JBL Makes Earbuds location, the Live Beam 3 TWS (True Wireless) makes its debut, featuring the Smart Charging Case with the 1.45” LED touch display and True Adaptive Noise Cancelling for audio optimisation through the Ear Canal Test found in the JBL Headphones app. After trying the new earbuds, find out which TWS is best for you and your lifestyle with a Fit Check wall.
Reframe your life with the Soundgear Frames. The sunglasses fuse fashion sense with unprecedented JBL audio innovation. The open sound technology allows you to listen to music, take phone calls, all in a stylish and comfortable frame. Prescription lenses can be changed by a professional optician.
Mr. Henry Yap, Managing Director of Global Best United (M) Sdn Bhd said, “JBL was busy with redesigns, upgrades, AuracastTM, new TWS earbuds and the Soundgear Frames. The Xtreme 4 received a larger and now removable battery, the Clip 5 carabiner is wider, and the Go 4 got softer edges. Each is equipped with AuracastTM to allow audio sharing amongst the speakers.”
Mr. Mitchell Wong, Business Development Manager for JBL Malaysia said, “JBL True Wireless took a step into another dimension with the Live Beam 3 and Soundgear Frames! The feature-rich Live Beam 3 is all about controlling your audio experience with the LED touch screen on the Smart Charging Case to Multi-Point Connection allowing the user to effortlessly switch Bluetooth devices. And yes, JBL is selling eyewear frames. The Soundgear Frames incorporate function and fashion like Wear and Play, opening and closing the arms turn the earphones on and off.”
Soundgear frames come in two shapes, round and square, are IP54 water resistant, and 8 hours of playtime (varies depending on usage). Phones calls are crystal clear from the 2-mic array on one temple, with dual module environmental noise cancellation and nonlinear echo suppression algorithms for high-quality conversations.
Availability
All featured JBL® products are available for purchase at Lazada,Shopee, and all leading retailers:
ALL IT, Viewnet, Urban Republic, Thundermatch, Vivid Concepts, PC Image, SY Electric, THT, One Living, Harvey Norman, AES, Central Electronics, SS Audio, Brightstar Computers, Style Laser and EKS. Find out more about the JBL Products at jblonlinestore.com.my.
Hi-Res Images Please download hi-res product and lifestyle images from this link.
For media information, kindly contact: Triven Marketing Group, for JBL® Malaysia Jazzmin Wan Tel: +6 017 289 4110 Email: j.wan@swanconsultancy.biz
ABOUT JBL
JBL creates the amazing sound that shapes life’s most epic moments. From iconic events like Woodstock and concerts at Madison Square Garden, to games at Yankee Stadium and weekend road trips, JBL elevates listeners’ experiences with award-winning audio that lets them make the most of every moment. With unmatched professional credentials and over 60 years of delivering industry leading innovation, JBL is the authority in engineering superior sound.
ABOUT HARMAN
HARMAN International (harman.com), a wholly owned subsidiary of Samsung Electronics Co, LTD., designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions; and services supporting the Internet of Things. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. More than 50 million automobiles on the road today are equipped with HARMAN audio and connected car systems. Our software services power billions of mobile devices and systems that are connected, integrated and secure across all platforms, from work and home to car and mobile. HARMAN has a workforce of approximately 30,000 people across the Americas, Europe, and Asia. In March 2017, HARMAN became a wholly-owned subsidiary of Samsung Electronics Co., Ltd.
MUMBAI, INDIA, July 4, 2024 – (ACN Newswire) – The banking, financial services, and insurance (BFSI) sector in Mumbai is currently undergoing a profound transformation, fueled by rapid technological advancements and a significant increase in digital adoption. Emphasizing a strong commitment to digitalization, key stakeholders in Mumbai are championing initiatives akin to advancements in digital payments and the establishment of the Digital Banking Transformation Office. These efforts are propelling the BFSI landscape forward, fostering innovation and paving the way for sustained growth and competitiveness in the region.
The summit serves as a strategic platform to delve into critical themes shaping the future of finance, such as digital payments innovation, cybersecurity resilience, AI and machine learning integration, cloud computing strategies, and enhancing customer experiences in digital banking. Participants can expect insightful discussions, keynote addresses from industry experts, and ample networking opportunities aimed at fostering collaboration and driving digital transformation in Mumbai’s BFSI ecosystem.
Aligned with global trends and local imperatives, the summit aims to propel Mumbai’s BFSI sector towards greater efficiency, resilience, and customer-centricity. It promises to be a catalyst for innovation, offering attendees a unique chance to explore emerging technologies, share best practices, and chart a course towards sustainable growth in the dynamic landscape of banking, financial services, and insurance.
About the 23rd Edition of BFSI Summit
The 24th Edition of the BFSI Summit marks a pivotal moment in the advancement of the banking, financial services, and insurance sector in Mumbai. This prestigious event serves as a gathering point for esteemed technology and innovation leaders within the BFSI community, offering an exclusive opportunity to explore current trends, confront challenges, and seize emerging opportunities that define the industry’s trajectory. By prioritizing the imperative of digital transformation and leveraging cutting-edge technology, the summit is poised to empower attendees with indispensable resources and perspectives essential for navigating the dynamic landscape of BFSI in Mumbai.
VIP Speaker:
– Sumnesh Joshi, Deputy Director General (Joint Secretary Level)Ministry of Communications Government of India
Speakers:
Vishal Bhatia, Chief Digital OfficerCanara Bank
Ajay Poddar, CTO for Retirement TechHDFC Life
Arnab Biswas, Chief Information Security OfficerAxis Securities Limited
Aastha Arora, Vice PresidentThe London Institute of Banking & Finance (India)
Amit Pradhan, Vice President – Partnerships & AlliancesThe London Institute of Banking & Finance India
Exito, meaning success in Spanish, is committed to the success of its customers. Hosting over 240 virtual and in-person conferences globally each year, Exito brings together audiences with world-class thought leaders and C-level executives across industries. Crafted with meticulous attention to detail and based on extensive research and industry insights, Exito’s conferences facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.
NEW YORK, July 2, 2024 – (ACN Newswire) – Martuk.com, a leader in personal financial planning, is proud to announce the launch of its innovative mobile app, designed to cater to the financial needs of individuals. Leveraging advanced AI technology, the Martuk app automates savings, streamlines investing, and enhances budgeting and debt management for users, ensuring a seamless and efficient financial planning experience.
Marktuk: Revolutionizing Personal Financial Planning
Marktuk’s new app provides users with unprecedented control over their finances. Featuring robust tools for expense tracking, bill pay, invoice management, and insightful expense reports, Marktuk simplifies the complexities of financial management, enabling users to achieve financial stability and growth effortlessly withflexible pricing plans.
Automate Your Savings and Investing with Ease
The Marktuk app stands out with its ability to automate savings and investing, making financial planning straightforward and hassle-free. The intuitive interface allows users to set savings goals, allocate funds efficiently, and track progress in real-time. Whether interested in stock investing, real estate, or diversifying a portfolio, Marktuk provides the necessary tools for informed decision-making.
Harnessing the Compound Effect for Maximum Returns
Understanding the power of the compound effect is crucial in financial planning. Marktuk’s app not only helps users save consistently but also educates them on how their investments can grow exponentially over time. With personalized recommendations and automated investing options, Marktuk ensures users can maximize their returns and secure their financial future.
Comprehensive Financial Management
Marktuk offers a holistic approach to financial management, encompassing budgeting, debt management, and investment tracking. Key features include:
Expense Tracking: Monitor spending habits and identify areas for improvement.
Bill Pay: Manage and pay all bills from a single platform.
Invoices: Generate and manage invoices effortlessly, ensuring timely payments and improved cash flow.
Insightful Reports: Gain valuable insights into financial health with detailed reports that highlight trends and opportunities.
Multi-Currency Support for International Users
Marktuk’s app supports multiple currencies, making it ideal for users who travel frequently or handle international transactions. This feature allows users to track expenses and budget without worrying about currency conversion, providing a seamless experience for global financial management.
Tailored Solutions for Diverse Financial Needs
Marktuk understands that different users have unique financial needs. For students, the app offers tailored features to manage finances with limited income while focusing on studies. Couples can benefit from shared accounts, making it easier to manage joint finances and set shared goals. The app also includes debt reduction strategies, helping users plan payments and negotiate lower interest rates.
Seamless Integration with Bank Accounts
Marktuk offers the convenience of linking directly to bank accounts for real-time updates on transactions and balances, eliminating the need for manual entry. This feature ensures users have an accurate and up-to-date view of their financial status at all times.
About Marktuk
Marktuk is committed to transforming the way individuals manage their finances. With a focus on innovation, education, and user empowerment, Martuk provides cutting-edge tools and resources to help users make informed financial decisions. For more information, visithttps://marktuk.com or send us an email contact@marktuk.com
HONG KONG, July 4, 2024 – (ACN Newswire) – The Executive Centre (TEC), the leading premium flexible workspace provider serving over 48,000 Members across 36 cities in Asia-Pacific and the Middle East, is proud to celebrate its 30th anniversary this year. Over the past three decades, the company has firmly established itself as a trusted partner for businesses of all sizes, delivering world-class facilities, unparalleled service, innovation, and quality.
“We are profoundly honored to reach this remarkable milestone and to have played an integral role in supporting the growth and prosperity of countless enterprises across the region,” remarked Paul Salnikow, Founder and CEO of The Executive Centre. “Our 30-year journey has been defined by our unwavering focus on giving clients the essential tools, resources, and bespoke support they require to thrive in a fast-changing and complex business landscape. We are proud to have worked with many of the world’s leading companies, with 83% of our client portfolio being MNCs and the balance being high net worth SMEs.”
Since its inception as a startup in 1994, The Executive Centre has grown to become one of the largest flexible workspace providers in Asia-Pacific, boasting an expansive portfolio of over 200 locations, generating USD 315 million in revenue, driven by an annual compounded growth rate of 18%.
To celebrate its 30th anniversary, The Executive Centre will host a series of events and activities throughout the year, including client appreciation gatherings, thought leadership forums, and community outreach initiatives. The company has also launched an upgrade to its MyTEC app, further strengthening its best-in-class offerings and additional services to enhance Members’ experiences and mark this auspicious occasion.
As The Executive Centre celebrates three decades of excellence, the company remains well-positioned to maintain its leadership in the premium workspace sector. TEC is committed to providing top-of-the-line services and facilities to its global Members, while looking towards the future with a clear vision for continued expansion and success.
About The Executive Centre
The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 36 cities and 16 markets. It is the third largest serviced office business in Asia.
The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, South Asia, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.
Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.
![Mr Jack Leong, Director of Proven Land; Mr Lim Aik Hoe, Managing Director of EXSIM Development Sdn Bhd [L-R]](https://photos.acnnewswire.com/20240705.Proven.jpg)
![Mr. Eng Chee Seng, Chief Business Development Officer, Go Hub Capital Berhad; Cik Alwizah Al-Yafii Binti Ahmad Kamal, Independent Non-Executive Director, Go Hub Capital Berhad; En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman, Go Hub Capital Berhad; Mr. Hong Boon Huon, Chief Technology Officer, Go Hub Capital Berhad; Mr Tan Cherng Thong, Executive Director / CEO, Go Hub Capital Berhad; Ms. Lee Li Yee Executive, Director / Finance Director, Go Hub Capital Berhad; Ms. Poh Zuan Yin, Independent Non-Executive Director, Go Hub Capital Berhad; Mr. Lee Yew Weng, Independent Non-Executive Director, Go Hub Capital Berhad [L-R]](https://photos.acnnewswire.com/20240705.GoHub.jpg)
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