HONG KONG, Nov 23, 2023 – (ACN Newswire) – OrbusNeich Medical Group Holdings Limited (“OrbusNeich” or the “Group”; stock code: 6929), a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures, today announced the acquisition of 100% interest in Eucatech AG, a German company principally engaged in the development, manufacture, and sale of minimally invasive cardiovascular and endovascular projects, for EUR2,400,000. Upon completion of the acquisition, Eucatech AG will become a wholly-owned subsidiary of the Group.
Mr. David Chien, Chairman, Executive Director and Chief Executive Officer of OrbusNeich, said, “We are pleased to announce the acquisition of Eucatech AG, a company with two decades of experience and a shared mission with OrbusNeich. We believe that this acquisition will enrich our product portfolio. In particular, its CE marked products, including coronary stent with sirolimus coating, peripheral self-expandable stent and paclitaxel-coated PTCA and PTA balloons will enhance our ability to treat lesions in PCI and PTA procedures. In addition, by leveraging our strong sales network, these cutting-edge products are expected to drive growth and further fulfill our commitment to improving the quality of life of patients through innovative technologies by extending their benefits to a wider population.”
Since its successful listing last year, the Group has actively pursued opportunities to strengthen its business. The incorporation of Eucatech AG’s innovative and high-caliber products will bring about technological synergies while allowing the Group to stay ahead of market trends. Therefore, the Group views this acquisition as a strategic move to reinforce its market presence and distribution network .
The Group has demonstrated its unwavering commitment to accelerating business expansion following its listing. Such initiatives include the extension of an exclusive U.S. distribution agreement with Abbott Laboratories’ CSI in September to increase U.S. market penetration, the initiation of a clinical trial for Scoreflex TRIO in the PRC in May for product development, and the establishment of its largest R&D and production base in Hangzhou, the PRC, which is expected to commence construction by the end of 2023, to increase R&D and production capacity.
About Eucatech AG
Headquartered in Weil am Rhein, Eucatech AG is a German medical engineering company specializing in the development, manufacture, and sale of minimally invasive cardiovascular and endovascular products. Since 1997, it has been providing innovative product solutions to improve patients’ quality of life, including the CE Mark certified EucaLimus Sirolimus Eluting Coronary Stent System, SUPPORT C Paclitaxel Coated Coronary Balloon Catheter, Resistant Peripheral Self-Expandable Stent System and VITUS Paclitaxel Coated PTA Balloon Catheter.
OrbusNeich is a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, OrbusNeich sells its products in more than 70 countries and regions worldwide. It also specializes in coronary stent products and is actively expanding into neuro vascular intervention and structural heart disease. As of 30 June 2023, OrbusNeich has more than 210 granted patents and published patent applications worldwide. Its in-house R&D team has more than two decades of product development experience and has developed world-leading proprietary technologies.
DUBAI, UAE, Nov 22, 2023 – (ACN Newswire) – Verofax a compliance and commerce SaaS solution provider has been selected among the top Future50 climate tech start-ups by PwC Middle East to help enterprises’ accelerate on their path to Net Zero.
PWC had scoured the region and short-listed from 500 businesses across 11 categories of impact. Verofax was selected among top 6 Climate Change Management and Report (CCMR) startups for its sustainable traceability solution to help decarbonize industries and enable validated exports in line with recent regulations like EU’s Carbon Border Tax (CBAM).
PwC Middle East revealed the 50 pioneering start-ups in the Middle East at Net Zero Future50′ launch event highlighting the groundbreaking technologies and achievements in climate management and carbon emissions reporting, in addition to opportunities and challenges in growing and scaling climate tech businesses.
Dr Yahya Anouti, Partner at Strategy& and Sustainability Leader at PwC Middle East, said: “Climate tech innovation in the Middle East is being driven by some of the most dynamic entrepreneurs in our region, championing new technologies to accelerate the path to net zero. As we stand just days away from the world’s most important climate conference — COP28, taking place here in the United Arab Emirates, we are excited to shine a light on regional innovators whose organisations, we feel, are making the biggest difference in reducing emissions and accelerating decarbonisation in our region. The PwC Net Zero Future50 – Middle
East report identifies leading organisations in this space, and discusses the challenges they face in their ambition to grow and scale. Their range and diversity highlights the vibrancy of the start-up and small companies scene in the region. “
Verofax’s automates compliance, traceability and verification
As more countries are looking to decarbonize their economy, the EU and US have recently introduced regulations to curb imports of high-emission commodities such as steel, Aluminum, cement, fertilizers, chemicals and energy. The EU Carbon Border Tax regulation came into effect on August 17 and reporting became mandatory for exporters on October 1st. Existing ERP systems are not built to aggregate data across supply chain and prevent double counting. Thus compliance with operational standards for measuring and reporting in accordance with ISO 14064 standards becomes an unsurmountable challenge for exporters needing to have their multi-tier supply chain comply with such operating procedures, which increases cost significantly. Not complying is also not an option with up to 35% of revenue in tariffs levied at
European Union border customs. The problem necessitates commodity passporting and emissions tracking without the risk of double counting.
Wassim Merheby, CEO of Verofax, said, “Existing ERP systems are siloed by design, which hinders the capability of having immutable data and certifications verified on interoperable system for all stakeholders from material collectors to recyclers, exporters, customs and clients. Verofax offers an award-winning Digital Passporting and traceability solution for multi-tier supply chain verification, enabling seamless compliance and verification of Carbon emissions. The Gulf region trails behind India and other markets that recycle up to 80% of targeted commodities. Recycling can reduce emissions by up to 95%, thus markets with lower recycling threshold are at risk of being priced out of the EU market. The UAE for example, exports $1.5B to the EU mainly Aluminum, and recycles under 10% to date. With Verofax emission verification and commodity passporting, exporters have a great opportunity to trail a path towards export growth.”
Patricia Keating, Scale Lead at PwC Middle East, mentioned “In our analyses of the Middle East climate technology landscape, we see the founders of climate tech companies driving innovation that’s helping to reduce emissions and accelerate decarbonisation. We found that the largest share of our NetZero Future50 companies are working ontechnologies within the sectors responsible for most GHG emissions: With Industry, Manufacturing and Resource Management contributing 29% of Middle East GHG emissions and Energy at 46%.”
Verofax Digital passporting & Traceability solution for compliance verification automation ensures the validation of commodities emissions, commodity provenance, prevent recycling double counting, across tiered supply chain. By calculating and verifying low carbon emissions from mining or waste material collection, Recycling, repurposing and transportation, exporters will lower their costs and increase market access to EU & US in compliance with regulations.
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with nearly 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
Established in the Middle East for 40 years, PwC Middle East has 30 offices across 12 countries in the region with around 10,000 people. (www.pwc.com/me)
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
About Verofax
Verofax is a compliance and commerce SaaS solution provider, validated by Microsoft and holding PCT patents on Digital passporting, computer vision and AI analytics that enable intelligent supply chain and operations. Fortune 100 enterprises across 50 markets have adopted Verofax solutions for securing their supply chain and connecting directly to customers. Verofax is committed to achieving Net Zero by 2025 and promotes global offset and community relief projects across the globe. Visit https://verofax.com.
For media inquiries, please contact: Wassim Merheby, CEO, Verofax Email: info@verofax.com
Vancouver, BC, Nov 22, 2023 – (ACN Newswire) – Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company”) is pleased to announce it has conducted a successful meeting with the Bureau of Landa Management (“BLM”) and numerous other U.S. government agencies to discuss the Project Description for the Let’s Go Lithium (“LGL”) project. Rover updated the original project description to address environmental concerns expressed by the agencies. The Project Description, is in effect, an executive summary of the Company’s Plan of Operations (the “Plan”) for the LGL project. The meeting was held to solicit feedback as the Company moves to finalize its Plan.
LGL Plan of Operations
Rover has been working with McGinley and Associates, dba UES (“UES”) since August 2023 to produce a water table flow model across the subject claim blocks. Although still in draft form, the water table flow model, developed by UES’ Principal Hydrologist – Dwight Smith PE, PG, CHg, and team, is an integral part of Rover’s new Plan. Following the Company’s release of July 24, 2023, the BLM, and supporting U.S. government agencies voiced their concerns to Rover about regional hydrology flow systems in the area. The revised plan has been developed to explicitly address the agencies environmental concerns, de-risking future regulatory challenges and potential for adverse environmental impacts. Further to the Company’s release of October 5, 2023, approximately 80% of the Company’s intended future exploration activities will occur on the recently acquired October mining claims.
Judson Culter, CEO at Rover Metals, states, “UES continues to help Rover to ensure that there will be no impact to the critical water tables and sensitive biological resources in the Amargosa basin. Dwight Smith has over 20 years of hydrogeology experience working in the Amargosa basin. Rover and UES have obtained a copy of the Plan of Operations and Environmental Assessment study that the neighbouring mine, operated by Lhoist North America, is operating under. Lhoist has been mining in the area for over 50 years, and their Plan of Operations was mostly recently updated in 1992. Management at Rover, and UES, feel confident that sustainable lithium mining can be supported in the Amargosa Valley.”
A Call for Battery Recycling Partnerships and Joint Ventures
Management at Rover has met with the Nevada State Governor’s Office to discuss developing partnerships with EV battery recycling companies in the city of Las Vegas. Management of the company will be continuing to pursue high-level joint venture opportunities at the state level in H1 of 2024.
The eastern Amargosa Valley has been slated for solar farm energy development by the BLM. Solar energy, in addition to the existing hydro energy infrastructure in the area, allows for new development opportunities like EV raw materials battery recycling. Rover is seeking inbound requests to partner with recycling technology companies. Please contact info@rovermetals.com with inquiries. The LGL project is a one and half hour drive from the city of Las Vegas, one of the fastest growing cities in the U.S.
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of the U.S. and Canada.
ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director
For further information, please contact: Email: info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover’s actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
NEW YORK, Nov 22, 2023 – (ACN Newswire) – Social Links, a leading open-source intelligence (OSINT) software provider, introduces SL Crimewall, a cutting-edge OSINT investigation platform designed to simplify the entire intelligence cycle, from data extraction, through visualization and processing, to the final report.
SL Crimewall delivers the seamless integration of real-time data from over 500 open sources, including social media, messengers, blockchains, and the Dark Web. The intuitive interface is designed with a big emphasis on user-friendliness and collaboration, and enables users of all levels to streamline investigation workflows, and dramatically reduce routine work. Skilled professionals can use Script Builder to create custom scripts, while less experienced users can efficiently manage information with the ‘no-code script builder’ and built-in automation features. SL Crimewall was developed to make technology available for users of all levels, and facilitate industry democratization.
The upcoming case management feature will enable users to seamlessly collaborate on the same project boards, the monitoring feature allows analysts to effortlessly track subject developments, and generating project reports is a breeze. SL Crimewall offers advanced ML-driven tools for automating work-intensive tasks-analysts can process large text and image datasets using sentiment analysis and Named Entity Recognition (NER) features, among others.
SL Crimewall offers a smooth and flexible user experience, with data visualization features including Graph View for link analysis, the customizable Table View for data processing, and Map View displaying geotags, routes, and heatmaps. When cases are ready to be exported, just a few clicks are enough to create professional reports summarizing all key findings in a clear and simple format.
“SL Crimewall is an embodiment of our vast experience, as well as the love we have for OSINT and the art of data analysis. Understanding that open data and OSINT approaches are relevant for various specialists, not just data analysts, we paid special attention to the solution’s UX, making it accessible for a wide range of users,” said Andrew Kulikov, CEO of Social Links. “We believe that SL Crimewall not only represents a new stage in the company’s development, but also in the development of the industry at large, ushering in an era of democratization for both the data itself and the methods we use to analyze it. The mission of SL Crimewall is to make the value of data available to all who need it, regardless of their level, expertise, and knowledge.”
Social Links is a leading open-source intelligence (OSINT) software provider. We assemble massive volumes of data from open sources, including social media, messengers, blockchains, and the Dark Web, to analyze and visualize a holistic picture for streamlining data-driven investigations. Social Links is a privately held American company with HQ in the US, offices in Miami and Amsterdam, and an R&D center in Riga.
HONG KONG, Nov 22, 2023 – (ACN Newswire) – The annual flagship event in the logistics, maritime, aviation and supply chain industry, the Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded successfully after two fruitful days. This year, near 80 experts and industry leaders in shipping, air transport, logistics and supply chains participated in 20 thematic forums, sharing insights on hot topics in the industry. The conference attracted over 2,000 participants from 36 countries and regions, providing a platform for discussing industry trends and exploring business opportunities.
The Asian Logistics, Maritime and Aviation Conference (ALMAC) 2023, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded successfully today, attracting over 2,000 physical participants from 36 countries and regions
Digital future: shaping the new landscape of supply chains
This year’s conference theme was Future-proofing Supply Chains: Diversification. Decarbonisation. Digitalisation. Industry giants led discussions on the challenges and potential of global supply chains, as well as how companies could effectively drive business growth and promote sustainable development through supply chain transformation and innovation in the current economic environment. Digital transformation emerged as the optimal strategy to consolidate Hong Kong’s position as a logistics hub and to optimise supply chains for enterprises.
Gladis Araujo, Former Global Supply Chain Strategy Vice President of at Mattel Inc and Business Partner & Chief Supply Chain Officer at Prodensa Group noted that the pandemic has brought challenges and opportunities as well as technology progress and visibility. “The only way to move forward is to innovate and to take business to the next level. It is essential to work on creating a resilient and agile supply chain, in which we have a truly competitive advantage in our business, where the foundation is ESG and sustainability. And using technology as an enabler, or as a tool to make this thing happen, in an ecosystem that should be human-centred, in which I see that the new role of the game is collaboration.”
Gladis Araujo, Former Global Supply Chain Strategy Vice President of at Mattel Inc and Business Partner & Chief Supply Chain Officer at Prodensa Group (centre)
The road to zero carbon: building green supply chains
Global corporate development has irreversibly embarked on a decarbonisation path. Industry representatives delved into the impact of impending carbon taxes and other environmental, social and corporate governance (ESG) measures, as well as how the 3D approach – decarbonisation, digitalisation and decentralisation – could bring businesses sustained development opportunities. David Benattar, Sustainability Lead, The Warehouse Group Limited, expressed his view that the first challenge was to create a culture of sustainability. Transformation is probably one of the biggest challenges and the opportunities that could fully transition organisations. “The efficient way to create a culture was to do things that touch you very personal. Think about what type of activities will result again in that mindset of sustainability transformation. It’s a work that you have to do every day, like going to the gym and even building a muscle that you need to build in the organisation.”
David Benattar, Sustainability Lead, The Warehouse Group Limited (left)
Diversified logistics development fosters regional connectivity
With the Regional Comprehensive Economic Partnership (RCEP) coming into full effect in June, coupled with collaborations such as railway transportation and multimodal connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), regional interconnectivity has been strengthened, enabling the logistics industry to diversify its development and mitigate risks.
Thomas Kowitzki, Vice President, Global Head of China Rail at DHL Global Forwarding, said the Belt and Road Initiative had transformed logistics chains between Asia and Europe. During the pandemic years, rail freight was the sole viable solution. The Middle Corridor (through Turkey) had potential. It was not a matter of a fast, flexible alternative. “It’s more about connecting as well as the Central Asian countries. You see the push from China towards Central Asia and the Middle Corridor routing is addressing its markets.”
Logtech Salon showcases innovative applications of logistics technology
During ALMAC, close to 100 exhibitors showcased cutting-edge logistics and supply chain solutions from across the world. The inaugural Logtech Salon displayed robots, AI and data systems tailored for the industry, allowing participants to explore developments and applications in the field of innovation and technology.
This year, three workshops debuted, focusing on ESG, E-commerce and Youth Empowerment giving industry professionals from different sectors the latest and most practical information.
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: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
GEORGETOWN, GUYANA, Nov 22, 2023 – (ACN Newswire) – In a historic development, the Government of Guyana, alongside the Guyana Innovation Group (GIG) and the University of Miami, has announced a transformative agreement for developing the Masterplan for Silica City. This pioneering urban project, designed to become a future city for the nation, is positioned on an 11,000-acre area near the Guyana International Airport.
President Irfaan Ali (President of Guyana), Julio Frenk (President UoM), Dr. Felicia Knaul, Dean Rodolphe el-Khoury (UoM), Professor Jose Gelabert-Navia (UoM), Rodrigo Veloso (co-founder Guyana Innovation Group) and other representatives
Conceived by the University of Miami’s School of Architecture, the Masterplan will integrate advanced technology, sustainable practices, and a vibrant lifestyle, symbolizing a new era in city design. Silica City aspires to be a model of sustainability, resilience, and futuristic thinking.
President Irfaan Ali’s vision for Silica City reflects his administration’s commitment to the welfare and sustainable future of Guyana. Guyana, the fastest-growing economy globally, is on a path of modernization and sustainable growth.
Following the inauguration of the Innovation Village in Georgetown in September 2022, Guyana’s strategic initiatives continue to advance. The Innovation Village will become a central feature of Silica City, marking Guyana’s transition to the forefront of the information age, encompassing elements of industrial, digital, biomedical, and Artificial Intelligence sectors.
The Guyana Innovation Village has attracted interest from global corporations, eager to collaborate and invest in Guyana. GIG’s efforts have drawn attention from the DAR Group, UMusic Hotels, a renowned international Logistics Company, Alder Fuels, OEC, and various MIT Centres.
Innovation Village introduces “innovation districts,” an urban model promoting synergies between public and private sectors, academia, and NGOs, to foster societal change. Leveraging technologies like blockchain, AI, and big data, these districts aim to nurture local talent and innovative solutions. A highlight is the inclusion of an all-electric motorsports, and water circuits, emphasizing innovation and sustainability.
GIG is in discussions with global tech companies to develop the framework for Silica City, aiming to establish it as a leader in smart city technology.
Rodrigo Arboleda Halaby, co-founder and Chairman of GIG, emphasized the transformative impact of the Silica City Masterplan. Co-founder Rodrigo Veloso highlighted Guyana’s potential and business-friendly environment.
Bashar Rihani, Director of the DAR Group, expressed enthusiasm for supporting Silica City and the Guyana Innovation Group.
Ahead of COP 28 in Dubai, GIG has explored cities in the UAE, Saudi Arabia, and Qatar for insights applicable to Guyana.
The Silica City Masterplan aims to set a new standard in sustainable urban planning, showcasing the collaborative spirit of Guyana, Guyana Innovation Group, and the University of Miami.
Related Image President Irfaan Ali (President of Guyana), Julio Frenk (President UoM), Dr. Felicia Knaul, Dean Rodolphe el-Khoury (UoM), Professor Jose Gelabert-Navia (UoM), Rodrigo Veloso (co-founder Guyana Innovation Group) and other representatives
Related Image Technical meeting led by His Excellency President Irfaan Ali
Related Image Minister of Housing and Water Collin David Croal, Minister within the Ministry of Housing and Water Susan Rodrigues and the planning and development team
HONG KONG, Nov 22, 2023 – JBM (Healthcare) Limited (“JBM Healthcare” or the “Company”; Stock Code: 2161, together with its subsidiaries, the “Group”), a leading branded healthcare products marketer and distributor in Hong Kong, today announced the interim results of the Group for the six months ended 30 September 2023 (the “Reporting Period”).
KEY HIGHLIGHTS
— Revenue up by 38.0% to HK$326.8 million
— Gross profit increased by 100.1% to HK$171.1 million
— Profit attributable to equity shareholders almost tripled to HK$62.5 million
— Gross profit margin significantly improved from 36.1% to 52.4%
— Interim dividend of HK3.45 cents per share
— Household brands Po Chai Pills and Ho Chai Kung achieved impressive growth
— Portfolio witnessed positive momentum across all segments amid continued market recovery
During the Reporting Period, the Group’s branded healthcare business achieved a remarkable total revenue of HK$326.8 million, demonstrating an impressive period-on-period growth of 38.0%. The Group’s gross profit for the same period reached HK$171.1 million, marking a substantial increase of 100.1%. In the first half of fiscal year 2024, the consolidated profit attributable to equity shareholders amounted to HK$62.5 million, nearly three times that of the corresponding period last year.
Furthermore, the gross profit margin notably improved, rising from 36.1% in the same period last year to 52.4% in the Reporting Period. These financial results underscore the robust performance and significant growth achieved by the Group’s branded healthcare business.
The outstanding performance can be attributed primarily to favorable market sentiment, the resurgence of Mainland visitor arrivals following the lifting of pandemic-related restrictions in Hong Kong and the Mainland earlier this year, and the effective implementation of the Group’s brand management strategies. These strategies played a pivotal role in augmenting sales revenue and improving profit margins.
The Board declares the payment of an interim dividend of HK3.45 cents per share.
Market-Oriented Portfolio and Effective Brand Management Fueled Robust Performance
In the branded medicines business, sales revenue achieved a remarkable growth of 85.4%, primarily attributable to the exceptional performance of Ho Chai Kung products. A widely recognised household name in over-the-counter painkillers and fever relief, Ho Chai Kung has experienced a significant increase in sales due to its effective brand development strategy, capitalising on the retail market rebound following the easing of pandemic-related restrictions. The brand’s recent launch of a new TV advertising campaign featuring celebrity endorser Hins Cheung, has received tremendous response from the audience. The creative campaign, “Trust Hin Gong, Use Ho Chai Kung”, garnered substantial views and likes across various social media platforms, creating a trending topic in the city and significantly enhancing the brand’s visibility in Hong Kong.
For the proprietary Chinese medicines segment, sales increased by 14.3% in the Reporting Period, underscored by the solid momentum of its Concentrated Chinese Medicine Granules (“CCMG”) business alongside the exceptional growth of Po Chai Pills. To solidify its leading position in the Chinese gastrointestinal medicine sector and appeal to a younger audience, Po Chai Pills also successfully launched a new creative TV advertisement titled “Ivana’s Po Chai Pills Digestive Tune”. This campaign features the renowned singer-songwriter and musician Ivana Wong, who rides onher melodious voice to a reimagined and reworded rendition of the classic Po Chai Pills jingle.
In the health and wellness products segment, sales revenue experienced a notable growth of 107.1%. Earlier in the year, the Group completed the acquisition of the supplement brands “Seasons” and “Slimming Expert”, thereby reinforcing its position in the health supplement retail market.
Mr. Patrick Wong, Chief Executive Officer of JBM Healthcare, stated, “Looking ahead, the retail market in Hong Kong is anticipated to sustain its positive momentum in the second half of the financial year, and JBM Healthcare is well positioned to leverage the growth opportunities.”
“We have made consistent strides in advancing our strategic priorities to drive business development. This encompasses expanding our local and cross-border e-commerce platforms, exploring opportunities in the traditional Chinese medicines (TCM) sector in Hong Kong and the expanding Greater Bay Area market, adapting our product portfolio to align with evolving consumer preferences, and enhancing our commercial execution to optimise results.”
About JBM (Healthcare) Limited (Stock Code: 2161)
JBM Healthcare is a Hong Kong-based company that markets and distributes branded healthcare products across Greater China, Southeast Asia, and certain other countries. The Group is a unique field player with marketing expertise and a drug heritage that prioritises product efficacy and quality to meet consumers’ healthcare needs. As a renowned healthcare brand operator in Hong Kong, the Group carries a wide-ranging portfolio of branded healthcare products comprising branded medicines, proprietary Chinese medicines, and health and wellness products, which include well-recognised household brands such as Po Chai Pills, Ho Chai Kung Tji Thung San, Contractubex, BITE-X, Mederma for Kids, Tong Tai Chung Woodlok Oil, Flying Eagle Woodlok Oil, Saplingtan, Shiling Oil and Konsodona Medicated Oil. JBM Healthcare has been a constituent stock of the MSCI Hong Kong Micro Cap Index since 27 May 2021. For more details about JBM Healthcare, please visit: www.jbmhealthcare.com.hk
HONG KONG, Nov 22, 2023 – (ACN Newswire) – The Federation of Hong Kong Industries (“FHKI”) hosted the 2023 Young Industrialist Awards of Hong Kong (“YIAH”) and Industrialist of the Year (“IOY”) Award presentation ceremony on November 17th. Mr. Michael Wong, the Acting Financial Secretary of the HKSAR Government, attended the ceremony as the Guest of Honour. Dr. Chow Bok-Hin Felix, Executive Director and CEO of Niche-Tech Semiconductor Materials Limited (together with its subsidiary referred to as “Niche-Tech,” stock code: 8490.HK), was honored with the Young Industrialist Awards of Hong Kong 2023. This recognition reflects the market’s acknowledgment and confidence in the development of Niche-Tech.
The Young Industrialist Awards of Hong Kong were established by FHKI in 1988 to recognize young industrialists aged 21 to 45 who have achieved outstanding success in their respective industries. With this year’s awardees included, a total of 257 YIAH recipients have been recognized. The selection criteria for the YIAH not only emphasize market recognition of products and technologies but also highlight the importance of assisting in the industry’s transformation and upgrading. The goal is to promote the process of industrial revitalization in Hong Kong, aiming to achieve sustainable development.
Niche-Tech is a technology company dedicated to the research, development, manufacturing, and sales of semiconductor packaging materials. It was co-founded by Dr. Chow Bok-Hin Felix and his father, Professor Chow Chun-Kay Stephen, in 2006. Niche-Tech went public on the Hong Kong Stock Exchange’s GEM board in 2018, becoming the largest bonding wire manufacturer in Hong Kong and the second-largest domestic brand supplier in the Mainland market. The company’s market share in encapsulation adhesive for Mini-LED display applications exceeds 20%, ranking first. With Dr. Chow’s extensive industry experience and efficient leadership, Niche-Tech has focused on independent innovation, customer and market needs, and the direction of technological trends. The company has successfully developed domestically produced materials with stable quality and excellent performance, covering various products such as precision bonding wires, high polymer encapsulants, and chip bonding materials. Niche-Tech provides competitive choices and innovative solutions for specialized customers in power devices, IC packaging, LED packaging, and more. Dr. Chow stated, “The award presented by FHKI is not only as a personal accomplishment but also as recognition of my team’s contributions to the semiconductor advanced materials sector and society at large. I will continue to lead the team in propelling technological innovation in the field of new materials. We also plan to foster further cooperation with Hong Kong research institutions and universities to bolster the competitiveness of domestic products.”
Driven by the rapid development of the industry and the semiconductor localization, Niche-Tech places even greater emphasis on innovative research and development. The company invests significant resources in building high-standard technological platforms and cultivating a talented team. It closely monitors market demands, proactively adjusts development strategies, and successfully propelled the company into the supplier system of leading enterprises in the power device market through the introduction of newly developed bonding wire products. With years of efforts, Niche-Tech has been recognized as a national high-tech enterprise, “specialised and sophisticated” Small and Medium-Sized Enterprise of Guangdong Province, and a national-level specialised and sophisticated – Little Giant enterprise. Gradually, it has emerged as a prominent player in the segmented market, earning significant market recognition.
The “Dual Carbon” strategy and the upgrading of Insulate-Gate Bipolar Transistor (IGBT) products in the new energy field have brought new opportunities for the semiconductor industry. Moving forward, Niche-Tech will continue to strengthen its research and development innovation capabilities, accelerate product iteration, and continually optimize its product line and market layout. By forming an effective integrated development system and implementing a long-term development strategy, the company aims to consistently increase market share, enhance competitiveness, and continue driving the localization of the semiconductor industry in China as well as the industrial revitalization process in Hong Kong.
KUALA LUMPUR, Nov 22, 2023 – (ACN Newswire) –KJTS Group Berhad (“KJTS” or the “Company”) and its subsidiaries (collectively referred to as “KJTS Group” or the “Group”), a building support services provider in Malaysia, Thailand and Singapore, are pleased to announce its approval to list on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”). The Company is set to offer a total of approximately 218.03 million new ordinary shares, representing 31.69% of its enlarged issued share capital of 688.00 million ordinary shares, in its upcoming initial public offering (“IPO”).
Since 1984, KJTS Group has evolved significantly over the years. The leadership of the current management team of the Group has been instrumental in shaping KJTS Group’s growth. Today, KJTS Group’s operations extends across Malaysia, Singapore, and Thailand. The Group’s core expertise lies in delivering cooling energy, cleaning, and facilities management services. This includes comprehensive range of cooling energy services which include cooling energy management and engineering, procurement, construction and commissioning of cooling energy systems services, alongside general and specialised cleaning services, and FM services that cover the repair and maintenance of mechanical and electrical machinery and equipment, process utilities, and food and beverage and retail outlet equipment. The services that KJTS Group provides are synergistic as cooling energy, cleaning and facilities management services are necessary for the proper functioning of many types of buildings, including commercial properties such as shopping complexes and offices, manufacturing facilities and institutional buildings such as universities and hospitals.
According to KJTS’ draft prospectus for the IPO posted on the Bursa Malaysia Berhad’s website, the listing exercise involves the IPO of approximately 218.03 million new ordinary shares or 31.69% of the enlarged issued share capital with no offer for sale.
The new ordinary shares will be offered in the following manner:
1. Retail offering of 49.40 million new ordinary shares, representing 7.18% of the enlarged issued shares:
a. 34.40 million new ordinary shares for application by the Malaysian public via balloting, of which 17.20 million new ordinary shares (representing 2.50% of the enlarged issued shares) are reserved for application by Bumiputera investors including individuals, companies, societies, co-operatives and institutions;
b. 15.00 million new ordinary shares reserved for application by the eligible directors, eligible key senior management, eligible employees and persons who have contributed to the success of the Group.
2. Institutional offering of approximately 168.63 million new ordinary shares representing 24.51% of the enlarged issued shares to institutional and selected investors.
Managing Director of KJTS Group, Mr. Lee Kok Choon (“KC Lee”), commented on the milestone, saying, “We are grateful to the Bursa Malaysia for their approval of our IPO on the ACE Market. This listing is a pivotal step in elevating KJTS’ profile and further extending our market reach across Malaysia, Singapore, and Thailand. The IPO also opens doors to capital markets, enabling us to secure funding for our next phase of growth and expansion, particularly in our cooling energy segment.”
KC Lee further added, “The funds raised will significantly contribute to our strategic plans, including the expansion of our cooling energy segment in Malaysia and our operational presence in Malaysia, Singapore and Thailand. This move aligns with our long-term vision to solidify the Group’s position as a leading provider in the building support services industry.”
HONG KONG, Nov 22, 2023 – (ACN Newswire) –CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is proud to announce the launch of TrustCSI™ 3.0, a groundbreaking cybersecurity solution that uses AI to revolutionize Security Operations Center (SOC) and helps companies to operate securely in the intelligence era. Powered by its unparalleled experience in cybersecurity and forward-thinking SOC4Future strategy, which reshapes the core capabilities of SOC, TrustCSI™ 3.0 transforms cybersecurity from passive defense to proactive guardianship, enabling enterprises stay ahead of today’s evolving threat landscape.
(From left to right) Representatives from CITIC Telecom CPC, Mr. Chris Fung (Senior Vice President of Engineering & Services), Mr. Taylor Lam (Chief Strategy Officer), Mr. Jacky Kwok (Chief Commercial Officer) and Mr. Ivan Lee (Vice President of Information Technology Services & Data Science), officiate at the launch ceremony of TrustCSI™ 3.0
TrustCSI™ 3.0 combines CITIC Telecom CPC’s industry certified security expertise, with cutting-edge AI capabilities to deliver enterprise-grade protection across industries. With a strong emphasis on compliance and vendor neutrality, CITIC Telecom CPC’s project management ability is widely recognized. This innovative security service strengthens the trust between CITIC Telecom CPC and its customers, offering comprehensive and proactive digital protection in the market, and positions the company as a Trusted TechOps Security Enabler.
Mr. Taylor Lam, Chief Strategy Officer of CITIC Telecom CPC, said, “With TrustCSI™ 3.0, we empower enterprises to prepare themselves and proactively react to the evolving threat landscape and effectively protect their data while safeguarding their business throughout their digital transformation journey. Driven by our SOC4Future strategy and decades of security experience, we are redefining holistic enterprise protection and positioning ourselves as the Trusted TechOps Security Enabler for enterprises, providing them with the tools and expertise needed, like AI-Red/Blue Cybersecurity Practices, to safeguard their operations against emerging threats.”
Redefining Cybersecurity and Resilience with SOC4Future Strategy and AI Empowerment
TrustCSI™ 3.0 uses CITIC Telecom CPC’s decades of deep security knowledge and practical services experience to revolutionize SOCs. It follows CITIC Telecom CPC’s “ReDEFINED SOC4Future” strategy that encompasses four key elements:
Strengthening Proactive Security With AI-Red/Blue Cybersecurity Practices
TrustCSI™ 3.0 leverages the proactive security approach with AI-Red/Blue Cybersecurity Practices, enhancing the cybersecurity cycle from reactive defense to proactive guardianship. It offers an advanced automated penetration testing tool that uses machine learning to enhance the information-gathering phase and exploit vulnerabilities concurrently. It vastly improves enterprise-wide threat awareness and response effectiveness by replicating real-world cyberattack and defense scenarios.
The AI-Red/Blue Cybersecurity Practices cover the entire service stack, from staff training, offensive and defensive drills to network protection solutions, security strategy and service consultation. The Red Team conducts comprehensive AI-powered assessments and simulations, while the Blue Team offers all-encompassing defense services, ensuring a holistic approach to cybersecurity.
— (Case studies) A China-based global supplier of aluminum wheels and chassis and a conglomerate in China are already using this service to fortify their security and defense platform. It is helping them meet current industry standards and fully complying with “National Cybersecurity Exercises”.
AI-Powered Cybersecurity Framework
In the evolution of a cybersecurity service framework, intelligence and automation are no longer choices but crucial values for customers in an all-around way. CITIC Telecom CPC’s AI-driven solutions and automation accelerate threat identification, enrichment, hunting, containment, and remediation. Combining this “Tech” capability and proactive “Operational” approach reduces opportunities for threat actors to infiltrate while enabling enterprises to respond rapidly. The future-ready and intelligent framework has four service pillars:
1. Identify and Predict
A suite of comprehensive assessment and identification services covering systems, applications, network infrastructure, and critical assets services improve threat identification and prediction. Harnessing the power of algorithm and AI, together with other enhanced capabilities, the AI Penetration Test efficiently identifies and mitigates security risks at an early application development stage while assessing security resilience against various attack scenarios.
2. Protect
SASE for dynamic network security, UTM, NGFW, WAF, and IPS for network and application access control, and cloud email security offer comprehensive protection to enterprises. A dedicated team of security professionals manages everything from incident consultation, solutions design and implementation to configuration and ongoing device management. This comprehensive approach ensures the continuous improvement of the customers’ security infrastructure.
3. Detect
Round-the-clock managed security, reinforced by certified SOC and dual SIEM platforms, EDR solutions, and AI-enabled User and Entity Behavior Analysis, helps enterprises swiftly identify and respond to cybersecurity events.
4. Respond & Recover
Security Orchestration, Automation, and Response (SOAR), Security Incident Response (IR), and Threat Hunting services minimize resolution time and human error, with cloud-based Backup and Disaster Recovery services driving rapid recovery and robust business continuity.
Driving Cybersecurity Capabilities with Enhanced Dual SIEM Operations
Security matters to all data, not just some. So, CITIC Telecom CPC’s self-developed world-class SOCs utilize advanced technologies with Dual SIEM to revolutionize threat intelligence management by accelerating AI-driven detection and feedback to emerging threats. They provide enterprises with critical assessment for threat monitoring or immediate protection.
The Dual SIEM operations encompass a wide array of Cyber Threat Intelligence (CTI) capabilities. They aggregate and cross-correlate threat intelligence data to identify and illuminate potential threats, increase the speed of searches, boost security visibility, and improve cost management.
Future-proofing Cybersecurity and Compliance with SOC-as-a-Service at its Core
The latest SOC-as-a-Service (SOCaaS) model helps enterprises enjoy cost-effective, SOC-managed security capabilities from different SOCaaS service offerings. Using the latest security technologies, a team of dedicated experts will monitor, detect, and respond to threats 24/7, all without the expensive cost of building and staffing your own SOC.
CITIC Telecom CPC’s “SOCaaS” approach delivers unparalleled security analytics and monitoring capabilities via self-deployed and managed 24×7 SOCs in Hong Kong, Guangzhou, and Shanghai. These fully managed SOCs use a “global-local” approach with certified professional expertise for customized security solutions worldwide to safeguard their operations, providing customers with peace of mind.
Mr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC, said, “CITIC Telecom CPC TrustCSI™ 3.0 embodies our motto of ‘Innovation Never Stops’. Through continuous innovation, cutting-edge technologies and a customer-centric approach, we strive to be the trusted partner that enables enterprises to navigate the dynamic digital landscape confidently. By embracing AI-led technology, we continue to enhance our Cloud-Network-Security Solutions, providing enhanced resilience and unwavering peace of mind enterprises across various industries. Looking ahead to 2024, we remain dedicated to empowering enterprises with intelligent and proactive cybersecurity solutions that redefine industry standards.”
To know more information about TrustCSI™ 3.0, please visit:
We are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.
With the motto “Innovation Never Stops,” we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.
With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 165 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.
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