KJTS Celebrates Successful Debut on ACE Market

KUALA LUMPUR, Jan 26, 2024 – (ACN Newswire) – KJTS Group Berhad (“KJTS” or the “Company”), a building support services provider in Malaysia, Thailand and Singapore, proudly marked the Company’s debut today on the ACE Market of Bursa Malaysia Securities Berhad. The shares opened at RM0.44 per share, showcasing a significant 62.96% premium over the IPO price of RM0.27 per share.

Ms. Elaine Law Soh Ying, Independent Non-Executive Director, KJTS Group Berhad; Dr. Teoh Pek Loo, Independent Non-Executive Director, KJTS Group Berhad; Ms. Azura Binti Azman, Independent Non-Executive Chairman, KJTS Group Berhad; Mr. Sheldon Wee, Executive Director, KJTS Group Berhad; Mr. Lee Kok Choon, Managing Director, KJTS Group Berhad; Ms. Lee Jim Leng, Group Managing Director and Chief Executive Officer, Hong Leong Investment Bank Berhad; Mr. Ng Kok Ken, Independent Non-Executive Director, KJTS Group Berhad [L-R]

KJTS is listed under the stock name “KJTS” with the stock code “0293”.

Specialising in cooling energy management, cleaning, and facilities management services, KJTS and its subsidiaries (“KJTS Group”) is an established player in the building support services industry. The Company’s in-house engineering capabilities and commitment to sustainability have been instrumental in delivering high-quality services and contributing to clients’ environment, social and governance (“ESG”) targets, including reducing carbon dioxide emissions.

The successful initial public offering of KJTS Group Berhad raised RM58.87 million, allocated as follows: RM44.92 million towards the expansion of the cooling energy segment and office expansion in Malaysia, Thailand, and Singapore; RM8.12 million for working capital; and RM5.83 million set aside for listing expenses.

Independent Non-Executive Chairman of KJTS Group Berhad, Puan Azura Binti Azman expressed excitement: “This successful listing marks a new chapter for KJTS. It is a reflection of the hard work and dedication of our team and the confidence the market has in our vision and strategy. We are excited about the opportunities this will bring, allowing us to further expand and enhance our services in Malaysia, Singapore and Thailand.”

“The positive investor response to our IPO underscores the market’s belief in our capabilities and growth potential. We look forward to utilising this momentum to drive KJTS’s growth and to solidify our position in the building support services sector.”

Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.

AcroMeta Receives Buy-Out Offer for its Controlled Environments Engineering Subsidiary

SINGAPORE, Jan 26, 2024 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced the Company had on 19 January 2024 received an indicative non-binding letter of intent (the “LOI”) from AESM Holding Pte. Ltd. (the “Purchaser”) in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the “Buy-Out”).

The Parties on a best-effort basis endeavour to enter into the definitive agreement necessary to give effect to the Buy-Out transaction by 28 February 2024; or such later date as mutually agreed between the Parties. Shareholders of the Purchaser includes several key management personnel of the Target Company. If the Buy-Out is successfully concluded, the Group’s remaining core business would be its fastgrowing co-working laboratory space business (“CLSB”) via its 70%-owned subsidiary Life Sciences Incubator Holdings Pte Ltd (“LSI”). In addition, the Buy-Out is set to include the novation of LSI’s net debt, further strengthening the Group’s financial position. The Purchaser is also set to indemnify the Group following the Creditor’s Voluntary Liquidation of Neo Tiew Power Pte. Ltd. (“NTP”), in which the Company has a 56% effective interest.

Besides the Group’s current CLSB at The German Center Singapore which occupies an area of 6,500 sqft, the Group continues to collaborate with strategic partners to accelerate the growth of its CLSB:

– 6 April 2023 – LSI entered into a non-binding MOU with a renowned German commercial property management company to work together on LSI’s proposed co-working laboratory space project in the flourishing life sciences hub of Brisbane, Australia.

– 6 October 2023 – LSI entered into a Management Agreement with HB Universal Pte Ltd, a subsidiary of Mainboard-listed Ho Bee Land Limited. The MA engages LSI to operate and manage a co-working laboratory centre at Elementum, One-North, a building in the heart of Singapore’s biomedical industry district.

– 12 December 2023 – LSI entered into a strategic cooperation framework agreement with its partner Fenglin Healthcare Industry Development (Group) Co. Ltd., a company registered in the People’s Republic of China (“PRC”), to deepen their collaboration for the CLSB in the PRC.

Mr Levin Lee, ACROMETA’s Executive Chairman, said, “While the controlled environments engineering EPC (Engineering, Procurement, Construction) business still has growth potential, there will be ongoing margin pressures and challenging operating conditions, primarily due to increased costs in energy, manpower and construction materials. In particular, the availability of skilled manpower poses a challenge together with higher wages and higher dormitory space rental costs. Thus, we want to focus on the less capital-intensive and higher value-add co-working laboratory business to strengthen the Group’s performance.”

In another potential business opportunity, the Company incorporated AcroMeta Minerals Pte. Ltd. (“AcroMeta Minerals”) on 15 November 2023 as a follow-up to the 6 November signing of a non-binding non-exclusive MOU between AcroMeta and PT Swadaya Buana Makmur (“PTSBM”) for the supply of high purity (>99.5%) low iron silica sand from West Kalimantan, Indonesia.

The Company is confident in the long-term prospects of AcroMeta Minerals given the high demand for high purity silica sand which is used in the manufacture of solar panels, precision glass and ceramic instruments, ophthalmic lenses and LCD screens required by many industries such as the biotechnology, electronics, and pharmaceutical industries. The Group is currently negotiating with potential international buyers before entering into formal offtake agreements with PTSBM.

About ACROMETA Group Limited (SGX Stock Code:43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical, and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore, serving SMEs and startups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA’s customers include hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com .

Media and Analysts Contact:
ACROMETA Group Limited
Ms. Cheah Lai Min
Chief Financial Officer
Tel: +65 6415 0574
Email: laimin.cheah@acrometa.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com .

Graid Technology Launches Revolutionary GPU-Based RAID Solution, SupremeRAID(TM) SR-1001, Redefining NVMe Performance for Towers and Edge Computing

SANTA CLARA, CA, Jan 25, 2024 – (ACN Newswire) – Graid Technology, an industry trailblazer in GPU-based RAID for NVMe, proudly announces the groundbreaking release of SupremeRAID(TM) SR-1001. This innovative GPU-based RAID solution is designed to maximize NVMe SSD performance while eliminating CPU cycle consumption and avoiding throughput bottlenecks. Utilizing patented out-of-path RAID protection technology, data travels directly from the CPU to the NVMe SSDs, ensuring unmatched flexibility, unprecedented performance, and overall superior value.

NVMe SSDs, with their high-speed performance and low latency, significantly enhance tasks across CAD, video editing, IoT, and gaming. Faster loading times, improved rendering, quick file transfers, smooth playback, efficient data processing, and reduced latency contribute to overall superior performance. But traditional RAID methods introduce bottlenecks, limiting the performance of NVMe SSDs in critical applications.

GPU-based SupremeRAID(TM) SR-1001 supports up to 8 NVMe SSDs and delivers superior performance and flexibility for towers and edge servers, professional workstations, and gaming desktops. SupremeRAID(TM) SR-1001 is the perfect storage choice for engineers, videographers, telcos, CSPs, and MSPs. Its powerful performance capabilities are well-suited for applications such as CAD, video editing, IoT, and gaming.

“As NVMe SSDs play a crucial role in cloud, core, and edge infrastructure, the demand for enhanced data protection without compromising performance is evident,” said Leander Yu, President and CEO of Graid Technology. “SupremeRAID(TM) SR-1001 addresses this need by delivering best-in-class performance and airtight data protection while optimizing throughput, parallelism, and latency, ensuring seamless performance at the edge. We are excited to add the SR-1001 to the SupremeRAID(TM) suite of products.”

Graid Technology continues to lead the industry with innovative storage solutions, ensuring optimal NVMe SSD performance and superior data protection across diverse applications. The SupremeRAID(TM) SR-1001 is available immediately through all Graid Technology resale partners and distributors worldwide. To learn more, visit https://www.graidtech.com/product/sr-1001.

Graid Technology, Protecting NVMe-based Data from The Desktop To The Cloud With A Full Suite of Products:

SupremeRAID(TM) SR-1001: PCIe Gen 3 card supporting up to 8 SSDs, designed for 1U tower and edge servers, professional workstations, and gaming desktops.

SupremeRAID(TM) SR-1000: PCIe Gen 3 card supporting up to 32 SSDs, catering to 1U cloud and enterprise servers.

SupremeRAID(TM) SR-1010: PCIe Gen 4 card supporting up to 32 SSDs, ideal for 2U cloud and enterprise servers

About Graid Technology

Graid Technology, led by a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries, continues to push boundaries in data storage innovation with our full suite of SupremeRAID(TM) products, leveraging GPU acceleration to maximize enterprise SSD performance. The company’s headquarters in Silicon Valley, supported by an R&D center in Taiwan, symbolizes our global commitment to pioneering advancements in storage solutions. Visit our website or connect with us on Twitter or LinkedIn.

Contact Information:
Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

SOURCE: Graid Technology Inc.

View the original press release on newswire.com.

The 17th Asian Financial Forum concludes successfully

The 17th AFF concluded today, attracting over 3,600 policymakers and business leaders from more than 50 countries and regions who actively joined vibrant discussions, fostering sustainable development and multilateral cooperation and showcasing Hong Kong’s vibrant economy, setting the stage for conferences and exhibitions in the new year
The Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities in various industries
The AFF facilitated the signing of MoUs and agreements, including the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and Croatia and Memorandum of Understanding between the Financial Services Development Council and Financial Sector Development Program of Saudi Arabia, deepening business collaborations
On-site polling during the Forum showed that most participants considered the digital economy (31.4%) and electric vehicles (26.1%) the most promising industries in Mainland China

HONG KONG, Jan 25, 2024 – (ACN Newswire) – The 17th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), successfully concluded today, attracting over 3,600 financial and business elites from more than 50 countries and regions, including over 70 overseas and Mainland China delegations. The Forum showcased Hong Kong’s thriving economy as participants explored opportunities, accelerated sustainable development and multilateral cooperation and launched Hong Kong’s conferences for the year.

The event was marked by a vibrant atmosphere. Various segments – including the opening session, plenary discussions, policy dialogue, keynote luncheons and cocktail reception – were well attended. Leaders from around the world actively engaged in discussions.

In just two days, the Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities for industry and investment cooperation. After the Forum’s conclusion, participants will have the opportunity to continue discussions and meetings online from tomorrow until 30 January (Tuesday).

Over the two-day physical event, the AFF brought together more than 140 policymakers, international financial and multilateral organisation representatives, financial institutions and corporate leaders from around the world as speakers.

On the first day of the Forum, Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, addressed the keynote luncheon, affirming the importance of Hong Kong as an international financial centre. He said that global cooperation could help solve problems that were even beyond our reach. He believed Hong Kong could play a full role in sustainable development financing, an increasingly important area.

One of the highlights of this year’s AFF was the Plenary Session I – Charting the Path to a Shared Future, hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, bringing together financial officials from around the world to discuss economic challenges countries face. Julapun Amornvivat, Deputy Minister of Finance, Thailand, said: “The Asian Financial Forum is the place where both the public and private sectors can have honest discussions to find solutions to tackle major problems today and transform the economy for the future.” H.E. Dr Mohamed Maait, Minister of Finance, Egypt, mentioned that the world was grappling with rising geopolitical tensions and a lack of clarity about the future, weighing on the achievement of sustainable economic growth. To address global challenges, the world needed to deploy all efforts to coordinate economic policies on a multilateral scale.

On the second day, the Breakfast Panel focused on Unleashing the Dragon’s Currency: Navigating Renminbi Internationalisation on the Global Stage, allowing participants to delve into the renminbi’s growing use worldwide and trends in international demand. Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, addressed the Keynote Luncheon on the second day, which was moderated by Raymund Chao, Asia Pacific and China Chairman, PwC.

Global Spectrum, Dialogues for Tomorrow and Fireside Chat brought together pioneers from various industries to discuss a host of topical subjects, explored the latest Web 3.0 and virtual asset development, the future of fintech innovation, CIO Insights, green finance and opportunities in new markets. Speakers included Bob Prince, Co-Chief Investment Officer of Bridgewater Associates, Dr Ma Jun, Chairman and President, Hong Kong Green Finance Association (HKGFA), Guinandra (Andra) Jatikusumo, Group Director and Chief of Investments & Business Development of CT Corp, Darmawan Junaidi, President Director, Bank Mandiri, Yat Siu, Co-Founder and Executive Chairman, Animoca Brands, and more.

Understanding prospects for mainland industries, environmental economics

To gauge participants’ views on the global economic outlook this year, the Forum conducted on-site voting during panel discussions. For instance, at the Panel Discussion on Global Economic Outlook, participants were asked about the greatest threats or uncertainties to economic growth in the Asia-Pacific. Most attendees identified geopolitical fragmentation (66.7%) as the biggest challenge, followed by a slowdown in the recovery momentum in key economies (17.7%), persistent inflation (6%), a tightened monetary environment (4.2%), continued supply chain reshaping (3.6%) and other factors (1.8%).

In the newly introduced Panel Discussion on Stewarding China’s New Chapter, participants were asked about the most promising industries in Mainland China. The digital economy took top spot with 31.4%. Electric vehicles (26.1%) and renewable energy (18.8%) followed in second and third place, respectively. Advanced manufacturing (15.8%), other industries (4.2%) and electronic devices (3.2%) ranked subsequently.

Over 700 matching sessions held on-site, online platform continues to yield results

Through the years, the Forum has played a crucial role in deepening business and trade collaboration. AFF Deal-making, a global investment project-matching event jointly organised by the HKTDC and Hong Kong Venture Capital and Private Equity Association (HKVCA), was well received, facilitating over 700 one-on-one meetings, connecting funds and investment projects from around the world. The founder of one of the start-ups from Thailand said he had met 20 visitors with potential deals, ranging from a family office to a legal adviser. He also commented that the geographical diversity of the visitors at Deal-making was extensive, ranging from India to Europe and Japan. The deal-making session had presented valuable opportunities to find potential business partners.

This year’s AFF also facilitated the signing of various Memorandums of Understanding (MoUs) and Agreement. These included the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and Croatia and Memorandum of Understanding between the Financial Services Development Council and Financial Sector Development Program of Saudi Arabia.

The Forum also featured exhibition zones including the Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone, presenting innovative solutions from international financial institutions and introducing prospective unicorns from Hong Kong and around the world. The exhibition segment brought together over 140 exhibitors, including international financial institutions, technology companies, start-ups, investment promotion agencies, and sponsors, including knowledge partner PwC, along with HSBC, Bank of China, Standard Chartered Bank, UBS, China International Capital Corporation (CICC), Huatai International and Cyberport.

The 2024 International Financial Week (IFW) commenced on 24 January to create synergies, bringing together over 20 partner events. These events cover a many topics of global interest to the financial and business community. They include private equity investment, alternative investments, sustainable investments, family offices and women’s empowerment, among others. These events highlight the role of Hong Kong as an international financial centre.

To seize opportunities and promote the conference and event economy, the AFF collaborated with various organisations to arrange activities for participants beyond the Forum. These activities included free admission to the Hong Kong Palace Museum, Hong Kong’s iconic Aqua Luna red-sail junk boat, TramOramic tour and open-top Big Bus arranged by the Hong Kong Tourism Board. These experiences allowed forum guests to feel at home and appreciate the vibrancy and diversity of Hong Kong.

Furthermore, to provide overseas participants with a better understanding of the Guangdong-Hong Kong-Macao Greater Bay Area and the vast business opportunities within, organisers will lead a delegation to Shenzhen tomorrow (26 January), including corporate visits and exchange activities.

Websites
Asian Financial Forum: https://www.asianfinancialforum.com/aff/

Photos Download: https://bit.ly/3SvMXru

The 17th Asian Financial Forum, jointly organised by the HKSAR Government and the HKTDC, concluded successfully, attracting over 3,600 financial and business elites who actively participated in the event, creating a vibrant atmosphere for exchanges and showcasing Hong Kong’s thriving economy

Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, addressed the Keynote Luncheon on the first day

Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, delivered insightful remarks during the Keynote Luncheon on the second day

Bob Prince, Co-Chief Investment Officer of Bridgewater Associates, an investment veteran, shared his experience in leadership transfer, markets views and investment tactics in Mainland China

The AFF Deal-making, an investment project matchmaking event organised by the HKTDC and the HKVCA, drew strong interest, facilitating over 700 one-on-one meetings and connecting funds and investment projects from around the world, involving more than 270 investors and over 560 projects

Representatives from Hong Kong and Croatia sign the Comprehensive Avoidance of Double Taxation Agreement

The Financial Services Development Council and Financial Sector Development Program of Saudi Arabia sign their MoU

The cocktail reception on the first day invited Paul Chan, Financial Secretary of HKSAR; Dr Peter KN Lam, Chairman of the HKTDC and Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, HSBC, to deliver speeches, fostering lively exchanges among guests from around the world

Media enquires

Yuan Tung Financial Relations:
Anson Wong, Tel: (852) 3428 3413, Email: awong@yuantung.com.hk
Tiffany Leung, Tel: (852) 3428 2361, Email: tleung@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:
Katy Wong, Tel: (852) 2584 4524, Email: katy.ky.wong@hktdc.org
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC

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

Driven by Waste Charging Baguio wins new contracts for smart food waste recycling machines for large residential estates

HONG KONG, Jan 25, 2024 – (ACN Newswire) – Baguio Green Group Limited (“Baguio” or the “Group”, Stock Code: 01397.HK) is pleased to announce that following last year’s success in securing a smart recycling machine contract from the Environmental Protection Department (“EPD”) of the HKSAR Government (“the Government”), the Group has won new contracts for two large private residential estates for the provision of smart Food Waste Recycling Machines (“Food Waste Recycling Machines”) and maintenance services. This initiative will help residents recycle food waste efficiently and reduce expenses associated with waste charging.

Statistics from 2022 show that Hong Kong landfills received an average daily input of 11,128 tonnes of municipal solid waste, with food waste constituting about 3,302 tonnes (approximately 30% of the total solid waste). To achieve the goal of “Zero Landfill” by 2035 in Hong Kong, addressing food waste issue is an urgent priority. Currently, Hong Kong only recycles about 200 tonnes of food waste per day, lower than the total amount of food waste produced. One of the reasons for this is the lack of effective food waste recycling facilities in residential and commercial buildings, which makes it inconvenient for people to recycle. Food Waste Recycling Machines not only address this issue but also incentivize people by allowing them to earn rewards through the EPD’s Green$ Electronic Participation Scheme, contributing to environmental conservation efforts.

Currently, Food Waste Recycling Machines are installed in only 35% of public housing estates. The Government intends to extend the installation of the Food Waste Recycling Machines in all public housing estates in Hong Kong this year. In the private housing sector, the initiative is still in its initial phase. With waste charging set to take effect, the Government is proactively offering financial aid for private estates to install Food Waste Recycling Machines through the Recycling Fund and the Environment and Conservation Fund. With the significant demand generated by the Government’s vigorous promotion and the expected implementation of waste charging on 1 August 2024, it is anticipated that this will create substantial business opportunities for Baguio’s Food Waste Recycling Machines and its recycling services, further consolidating the Group’s dominant position in the recycling market of Hong Kong.

R.T. Weatherman Foundation Makes a Significant Contribution to Ukraine’s Medical Needs Amidst Ongoing Conflict

KYIV, UKRAINE, Jan 25, 2024 – (ACN Newswire) – In a crucial effort to support Ukraine’s wounded, the R.T. Weatherman Foundation is proud to announce the successful delivery of over $1.5 million in trauma orthopedic medical supplies to six hospitals across Ukraine. This substantial contribution marks a significant step in aiding both soldiers on the frontlines and civilians affected by the ongoing conflict.

R.T. Weatherman Delivers Critical Aid

This large-scale donation includes advanced medical equipment and supplies specifically designed for the treatment of complex soft tissue and bone injuries. The aim is to facilitate limb salvage and recovery, offering hope and practical help to those suffering from severe trauma.

The hospitals benefiting from this donation are strategically located in regions where the need is most acute. The R.T. Weatherman Foundation worked closely with local authorities and medical experts to ensure the supplies were distributed efficiently and to the areas where they would make the most impact.

“We are deeply committed to providing tangible support in times of crisis,” said Dr. Meaghan Mobbs, President of the R.T. Weatherman Foundation. “Our mission is to fill critical gaps, and through this donation, we aim to alleviate some of the suffering caused by this conflict. We believe that no effort is too big or small when it comes to saving lives and limbs.”

The R.T. Weatherman Foundation extends its gratitude to partners and the donors whose generous contributions have made this initiative possible. Their ongoing support is crucial in enabling the foundation to respond swiftly and effectively in crisis situations.

“We remain steadfast in our commitment to humanitarian aid,” said Bess Weatherman, co-founder of the R.T. Weatherman Foundation. “And we continue to stand with the people of Ukraine. It is our hope that this contribution will not only provide immediate relief but will also encourage other donors to follow this lead.”

For more information about the R.T. Weatherman Foundation and its initiatives, or to support its efforts, please visit weathermanfoundation.org.

About R.T. Weatherman Foundation:

The R.T. Weatherman Foundation is a non-profit organization which supports the future of democracy, values every life as our own, and meets critical unmet needs.

Contact Information

Meaghan Mobbs
President
meaghan@weathermanfoundation.org
7034020373

Tori Hill
Director of Strategy, Programs, and Outreach
tori@weathermanfoundtion.org
407-755-7584

SOURCE: R.T. Weatherman Foundation

View the original press release on newswire.com.

HKTDC Education & Careers Expo opens today

HONG KONG, Jan 25, 2024 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), the 33rd HKTDC Education & Careers Expo runs from today until 28 January (Thursday to Sunday) at the Hong Kong Convention and Exhibition Centre (HKCEC). The Expo assembles over 800 institutions from 17 countries and regions, offering comprehensive information on studies, training, and career opportunities. Public visitors are welcome to join the Expo and it is free of charge.

The Expo is divided into Education and Careers Zones, with over 100 events featured, covering Arts & Culture, Innovation & Technology, Greater Bay Area Opportunities, and Aviation & Maritime. Star speakers are invited from various industries to share their experience, discuss the anticipated challenges in local, Mainland China and overseas education, as well as analyse the different education systems, hence facilitating students to map their paths and equip themselves for a better future.

Officiating at the expo’s opening ceremony this morning was Margaret Fong, HKTDC Executive Director and Ingrid Yeung, Secretary for the Civil Service, Hong Kong Special Administrative Region (HKSAR) Government. Ms Fong said in her welcoming remarks: “As one of our longest-running fairs, the Expo continues to provide an ideal platform, disseminating up-to-date information to the public on further studies and career opportunities. I would like to thank our partners for their support of this year’s Education & Careers Expo. I wish everyone a fruitful event, and the best of luck to those seeking new opportunities.”

The Expo features diverse content, including information on further studies in Hong Kong, Mainland China, and overseas universities as well as the latest information on the employment landscape and trends in various industries. The four-day Expo is divided into four main themes. The first day’s theme is Arts & Culture. Representatives from the West Kowloon Cultural District Authority has provided insights on how to pursue one’s artistic dreams; and Mr Tom Chan, Founder and Creative Director of Boom Theatre, has shared his valuable experience in the theatre industry.

On the Innovation & Technology theme day tomorrow, representatives from the Electrical and Mechanical Services Department and the Hong Kong Institute of Construction will share the career paths and prospects of the industry. Mr Raymond Mak, Co-founder & Chief Empowerment Officer of Farmacy HK Limited, will share his experience of becoming an entrepreneur in the field of innovation and technology. The other themes are Greater Bay Area Opportunities and Aviation & Maritime. Star speakers and exhibitors will share their views on the opportunities of studying and working in the Greater Bay Area. This will include the Labour Department’s introduction of the Greater Bay Area Youth Employment Scheme, which has become a regular programme since last year. Additionally, Hong Kong’s first female Vessel Manager, Joanna Kwok, will share the pains and joys of her seafaring career.

There will be over 100 events, including seminars that feature star speakers and experts from the education sector and various industries. Representatives from Hang Seng University of Hong Kong, Hong Kong Shue Yan University; the Consulate General of France in Hong Kong & Macau and South African Consulate General in Hong Kong SAR; Managing Director of Britannia StudyLink Samuel Chan and Secretary of Starian Vincent Ng will share their views on Hong Kong and overseas education programmes.

Experts from various industries will also share their insights on career paths, including those from less explored sectors. For example, representatives from the Greening, Landscape & Tree Management Section of the Development Bureau of HKSAR will discuss career paths for landscape architects and forestry trainees on the first day.

The exhibition is divided into Education and Career Zones. The Education Zone comprises four zones, including the Local Studies Zone featuring an array of universities and tertiary colleges, such as The Hong Kong Academy for Performing Arts, the Vocational Training Council; and three local private universities. The Overseas, Mainland China & Macao Education Zone covers overseas education information and services for 16 countries and regions, such as Europe, America, Asia, and Mainland China; the Lifelong Learning Zone explores continuing education courses on technology education and more while the Youth Zone provides information on continuing education and career planning, including summer jobs, internship opportunities and full-time positions.

The Careers Zone offers more than 3,000 job openings, with 18 government departments and nine public organisations recruiting at the Expo. Private organisations such as banks and insurance companies are also recruiting at the fair. Recruitment Square, a hub that brings together job search platforms and employers from public and private companies, accepts applications from graduates, entry-level job seekers and experienced professionals. On-site interviews will be offered at the fairground. Visitors can bring their resumes to the expo for onsite application.

Photo download: https://bit.ly/3Hx6TnH

Ingrid Yeung, Secretary for Civil Service of the Hong Kong Special Administrative Region, officiated at the opening ceremony for the 33rd edition of the HKTDC Education & Careers Expo

Margaret Fong, HKTDC Executive Director gave welcome remarks at the opening ceremony, saying that as one of our longest-running fairs, the Expo continues to provide an ideal platform, disseminating up-to-date information to the public on further studies and career opportunities

(from left to right) Professor Gillian CHOA, Director of The Hong Kong Academy for Performing Arts; Matthias Kaufmann, Deputy Head of Office of European Union Office to Hong Kong and Macao; Ir. Thomas Ho, Chairman of the Construction Industry Council; Margaret Fong, HKTDC Executive Director; Ingrid Yeung, Secretary for Civil Service of the Hong Kong Special Administrative Region; Christile Drulhe, Consul General of Consulate General of France in Hong Kong & Macau; Stefanie Seedig, Deputy Consul General of German Consulate General Hong Kong; and Dr Eric Liu, Acting Executive Director of Vocational Training Council attended the opening ceremony.

The Expo featured a variety of activities, providing information on further studies and the latest information on the employment landscape and trends in various industries

Tom Chan, Founder and Creative Director of Boom Theatre, shared his valuable experience in the theatre industry

Representatives from Development Bureau of HKSAR provided career paths for landscape architects and forestry trainees.

This year’s Expo features four education-themed zones, the Local Studies Zone include an array of universities and tertiary colleges in Hong Kong

Careers Zone offers over 3,000 job opportunities. Recruitment Square which brings together job search platforms and employers from public and private companies, is set to accept job applications from graduates, entry-level job seekers and experienced professionals and conduct on-site interviews

Expo website: hkeducationexpo.hktdc.com
Activity schedule: https://www.hktdc.com/event/hkeducationexpo/en/intelligence-hub

HKTDC Media Room: https://mediaroom.hktdc.com/en

Media enquiries
HKTDC’s Corporate Communications Department:
Janet Chan, Tel: (852) 2584 4369, Email: janet.ch.chan@hktdc.org
Phyllis Tsang, Tel: (852) 2584 4288, Email: phyllis.km.tsang@hktdc.org

To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc

About HKTDC

China Power (02380): High-Quality Stock in the Power Sector, with SPIC Continuously Increasing Its Stake to 64.01%

HONG KONG, Jan 25, 2024 – (ACN Newswire) – Zhitong Finance APP learned that according to the latest information from the Stock Exchange of Hong Kong Limited, China Power (02380) has received continuous increase in holdings from its controlling shareholder, State Power Investment Corporation Limited (SPIC). As of January 23, the shareholding was 64.01%, with a total increase of approximately 126 million shares in the past two months. Since the end of August 2023, the controlling shareholder of China Power has been increasing holdings, including a cumulative increase of about 370 million shares this year, with a 3% increase in shareholding.

SPIC is fully optimistic about the future development of China Power. On the one hand, it continues to inject clean energy assets into its subsidiary, making the new energy power transformation of China Power ahead of its peers; on the other hand, by increasing holdings, it has proven its optimistic attitude to the market with real gold and silver. SPIC has announced that from October 2023 to June 2024, it will continue to increase its holdings of China Power in the open market, with a total amount not exceeding HKD 2 billion.

With the support of SIPC, China Power has become a benchmark for the transformation of the power industry. For example, from announcing the acquisition of five wind and photovoltaic companies under the controlling shareholder at the end of July 2023 to completing the acquisition in October, it only took about two months, indicating that China Power’s capital operation efficiency is high. After the take-over, China Power’s new energy installed capacity accounted for over 75%, an increase of over 10 percentage points compared to the 2022 fiscal year. In the future, SPIC may continue to inject its clean energy into its listed platforms, enabling China Power to continue to lead the new energy power industry.

China Power is also performing well, as the results of its clean energy transformation are outstanding. Driven by the increase in wind power and photovoltaic installed capacity and high profit margins, China Power’s revenue has grown steadily, while its profit performance has been strong. In the first half of 2023, the net profit of shareholders reached 1.85 billion yuan, setting a new high in mid-term profits in the past seven years. China Power is actively giving back to shareholders by paying dividends every year. In 2019, SPIC promised a dividend payout ratio of no less than 50%, and based on the current market value, it is expected that the dividend yield will exceed 5%.

It is worth noting that in recent years, the Hong Kong stock market has been in a weak downturn, and the valuations of high-quality stocks in various sectors have also been “slaughtered”. Some of the underlying stocks have offered a combination of repurchase and increased holdings to stabilize their stock prices. Repurchase can stabilize the stock price, but it can weaken the company’s financial resources to a certain extent. Shareholder increase is an inflow of external funds, indicating that investors are fully optimistic. Generally speaking, if high-quality companies continue to experience a pullback in valuation, shareholders, especially controlling shareholders, will increase their holdings.

However, in situations where most companies choose to do nothing, companies that actively take action will have a strong stock price and outperform the market. For example, in the case of China Power, its major shareholder, SPIC, has responded quickly, reflecting the spirit of responsibility of central state-owned enterprises. Since August last year, SPIC has taken practical actions to maintain the stability of the stock prices of its listed companies, fully reflecting its determination to safeguard the interests of all shareholders and its high recognition of the prospects and value of its flagship listed company, China Power. During this period, the stock price of China Power has steadily increased, recording a 3.8% increase this year, outperforming the Hang Seng Indexes by 10.5 percentage points.

Adversity will become a thing of the past. Recently, the State has intensively introduced supportive policies to support the sound development of the capital market. For example, on January 23, the Hong Kong Securities and Futures Commission released a three-year (2024-2026) strategy, focusing on the development of Hong Kong’s securities market and the approach to addressing risks and protecting investors. On January 24, the State-owned Assets Supervision and Administration Commission of the State Council announced that it will further study the inclusion of market capitalization management in the performance appraisal of the heads of the central state-owned enterprises; The People’s Bank of China announced a reduction in reserve requirements and interest rates, and will lower the reserve requirement ratio by 0.5 percentage points on February 5, providing the market with long-term liquidity of about 1 trillion yuan.

Stimulated by the news, the Hong Kong stock market recorded two consecutive trading days of gains, greatly enhancing market confidence in shareholding, and major securities firms are also optimistic about the 2024 market. China Power, as an undervalued (PB only 0.87 times, high dividend yield) high performing stock, has received continuous increase in holdings from controlling shareholders, while southbound funds have also continued to buy (net purchase of 78 million shares this year). With the overall market warming up, valuation will also be rapidly restored.

3rd Edition of HR World Summit Set to Redefine the Future of Talent Management in Saudi Arabia

RIYADH, Jan 25, 2024 – (ACN Newswire) – The field of human resource management (HRM) is undergoing a significant transformation in the fast-paced Saudi Arabian economy, where innovation and technology are the driving forces of business. Businesses in Saudi Arabia are using artificial intelligence (AI) and human resource management (HRM) to redefine leadership, employee development, and talent acquisition. This change is consistent with Saudi Arabia’s Vision 2030, which has high goals.

Vision 2030 is a game-changing plan for Saudi Arabia’s future that places a strong emphasis on building human capital and a knowledge-based economy. AI is essential in this endeavour because it provides real-time information and data-driven insights to visionary leaders. Saudi Arabian companies can achieve Vision 2030 goals by streamlining vital operations and increasing efficiency with the integration of AI in HRM.

By complementing AI with human input, leaders can develop a workforce that upholds Saudi Arabian society’s key values while embracing modern technology for advancement. Saudi Arabian companies must stay steadfast in their adherence to Vision 2030’s tenets as they enter the AI-powered HRM era. HR directors are essential in promoting a culture of learning and adaptability and making sure teams have the tools necessary to use AI efficiently.

Saudi Arabian leaders are enabling their organisations to achieve exceptional success by embracing AI’s potential in HRM and adhering to Vision 2030’s ambitions. This is propelling the country’s progress towards a wealthy and sustainable future.

ABOUT HR WORLD SUMMIT – SAUDI ARABIA

Join us at the HR World Summit—an exclusive, invitation-only event for HR leaders in Saudi Arabia. This in-person strategic gathering offers a unique platform for learning and networking, addressing industry challenges and identifying best practices.

Recognizing the importance of tackling current HR issues and preparing for the future, the summit, attended by 150+ HR professionals, including CHROs, Directors, and Heads of various domains, provides transformative insights and essential tools to align HR initiatives with national visions and organizational goals.

The event will cover topics such as:

The Vital Role-played by Human Resources in Saudi Arabia’s Vision 2030.
Future of Work Unveiled – Navigating Tomorrow’s Workplace Through Leadership Transformation and Rule-Breaking Innovation.
Unleashing Unity – Fostering Diversity and Inclusion in Saudi Arabia’s Workforce.
Unleashing HR Brilliance – Embracing Digital Transformation and Mastering Technology Integration.
Thriving Minds, Flourishing Lives – Nurturing Employee Well-being and Mental Resilience.

For more information on CHRO World Summit: https://exito-e.com/hrworldsummit/

About Exito

Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.

For Media Enquiries, contact:
Kasturi Nayak (Sr. Marketing Executive)
Kasturi.nayak@exito-e.com
Enquiry@exito-e.com
Exito Media Concepts

eFrancisco Motors and HDEX Sustainable Transit Initiative Accelerates Hydrogen Adoption Across the Transportation Sector

Manila, Philippines, Jan 25, 2024 – (ACN Newswire) – eFrancisco Motor Company (eFMC) and HDEX, the world’s first hydrogen exchange, are thrilled to announce a groundbreaking initiative that transcends mere transactions. This endeavor goes beyond innovation; it’s a movement towards a more connected and environmentally responsible future for public transportation in the Philippines.

Imagine a world where your daily commute not only takes you from point A to B but also contributes to a greater cause – Tied to the heartbeat of the Philippine Peso, the eFMC token brings stability to your financial journey, ensuring peace of mind with every transaction. Yet, what truly sets this system apart is its commitment to sustainability. It’s not just a mode of payment; it’s a pledge towards a cleaner, greener environment. Powered by a closed-loop hydrogen ecosystem, this token symbolizes a harmonious blend of technology and nature, creating a symphony of progress in the realm of public transportation.

Elmer Francisco, CEO of eFrancisco Motor Company, added, “Our vision is to create more than a mode of transportation – we aim to create a lifetime bond with our users. This is an opportunity for everyone to embrace a journey towards a sustainable and fulfilling future.”

Aron Dutta co-founder of HDEX, shared, “We believe that true innovation goes beyond functionality; it touches the hearts and minds of individuals. This is our way of fostering a connection between technology and the emotions of those who dream of a better, greener world.”

Visit to join us in revolutionizing transportation in the Philippines.

About eFrancisco Motor Company: (https://efmc.ph/)

eFrancisco Motor Company is more than a vehicle manufacturer; it’s a storyteller of journeys towards sustainability. With a focus on electric and hydrogen-powered vehicles, eFMC invites individuals to be a part of a narrative that transcends mere transportation.

About HDEX: (https://hdexgroup.com)

At HDEX, we are committed to advancing the possibilities within the evolving hydrogen market, offering a reliable platform for seamless trade and contributing to the sustainable future of energy. HDEX is a global company based in the United Kingdom.

Contact Details:
HDEX
info@hdexgroup.com