Impressive companies, remarkable individuals take centre stage at the 13th PropertyGuru Asia Property Awards (Singapore)

Singapore, Oct 30, 2023 – (ACN Newswire) – PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today named the Winners and Highly Commended recipients of the 13th Annual PropertyGuru Asia Property Awards (Singapore), supported by Mitsubishi Electric Asia Pte Ltd.

Singapore’s finest development companies and most accomplished real estate leaders were present at the black-tie gala dinner and presentation ceremony held at The Ritz-Carlton, Millenia Singapore. Around 49 golden statuettes, representing a diverse array of categories, were presented at the gala event, celebrating established and up-and-coming names alike in the real estate industry.

GuocoLand earned the Best Developer award, its fourth win in this category, in addition to the Special Recognition in ESG and Special Recognition in Sustainable Design and Construction. The company also garnered three wins for its project Lentor Modern, namely Best Integrated Development, Best Private Condo Development, and Best Private Condo Architectural Design.

UOL Group Limited, last year’s Best Developer titleholder, was named Best Residential Developer, Best Sustainable Developer, and Best Hospitality Developer. The company also gained two Special Recognitions. UOL Group Limited and Singapore Land Group Limited jointly won four titles for their projects Watten House and Pinetree Hill.

Hoi Hup Realty Pte Ltd was named Best Lifestyle Developer while its subsidiary Hoi Hup Sunway Katong Pte Ltd scored four wins for the project known as The Continuum. Another subsidiary, Hoi Hup Sunway Kent Ridge Pte Ltd, attained a win for its project Terra Hill.

Frasers Property Singapore was another big winner of the night, scoring six wins, including Best Mixed Use Developer. Riviere, a project by Frasers Property Singapore, gained two wins, including the sought-after Best Condo Development (Singapore) award.

The sought-after Best Housing Development (Singapore) title went to Pollen Collection, a project by Bukit Sembawang Estates Limited. The company achieved a total of four wins, including the title of Best Landed Developer.

Solitaire Cecil Pte Ltd (TE Capital Partners and LaSalle Investment Management) received the Best Commercial Developer title, plus two wins for its project Solitaire on Cecil. Da Vinci Land was meanwhile named Best Breakthrough Developer.

The Assembly Place won the title of Best Co Living Operator , buoyed by a win for the project Campus @ Telok Kurau. Eugene Lim YJ, founder and CEO, The Assembly Place, came to accept the very first Rising Star award, presented by official portal partner PropertyGuru.com.sg, in recognition of his impactful arrival in the real estate scene.

Tan Zhiyong, chief executive officer, MCC Singapore, also graced the celebration with his presence. He accepted the Singapore Real Estate of the Year award from the editorial team of Property Report by PropertyGuru, the official magazine.

Tan Zhiyong said: “I am proud to be conferred the Real Estate Personality of the Year award and I would like to thank PropertyGuru for this accolade. It is my privilege to be inducted in the hall of fame for this category.”

Another big winner of the night was EL Development Pte Ltd, garnering five wins for the projects Pullman Singapore Hill Street and Blossoms By The Park.

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “I would like to extend my congratulations to this year’s recipients of the PropertyGuru Asia Property Awards (Singapore), celebrating the country’s finest developers, projects, and designs. The accolades this year have been presented to established and emerging names alike in the industry, and deservedly so. With their forward-thinking, sustainable ideas and innovations, these exemplary enterprises can light the way for building the cities of tomorrow, starting with Singapore, and deliver value to property seekers.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “The style, sustainability, and smartness of Singapore’s world-leading built spaces never fail to impress. The best developments in the Lion State not only meet the needs of the property seeker, but also the greater good of the community. With a variety property types and target buyers, this year’s winning projects represent Singapore real estate at its finest: technologically sophisticated, well-integrated into the local environment, and thoughtfully designed. As part of the region’s business and tourist hub, these award-winning properties set the stage for how people will live, work, and thrive in tomorrow’s cities.”

The independent panel of judges who determined the list of awardees this year consist of Kristin Thorsteins, chairperson of the Awards in Singapore and head of partnerships – growth for APAC, IWG PLC; Annalisa Dass, director, digital strategy, EY-Parthenon; Chua Shang Chai, partner, Dentons Rodyk & Davidson LLP; Greg Shand, architect, Robert Greg Shand Architects; Henry Woon, director, Atelier Ten; Ar. Ivy Koh, deputy COO, SJ Architecture, Surbana Jurong Consultants Pte Ltd.; Roy Ling, CEO, board director, and adjunct professor, FollowTrade; Tay Kah Poh, adjunct associate professor, NUS Department of Real Estate; and Wenhui Lim, partner, Spark Architects.

As official supervisor, HLB Singapore Foo Kon Tan upheld the selection process’ fairness, transparency, and integrity, under the leadership of Raymond Kong and Chen Tsai-Wei Vivian.

Main country winners of the PropertyGuru Asia Property Awards (Singapore) will be eligible to advance to the 18th PropertyGuru Asia Property Awards Grand Final on Friday, 8 December in Bangkok, Thailand. Winners will compete for honours against their peers from Cambodia, Indonesia, Malaysia, Philippines, Thailand, and Vietnam, as well as Australia, India, Japan, and China.

Organised by PropertyGuru Group, the 13th PropertyGuru Asia Property Awards (Singapore) are supported by gold sponsor Mitsubishi Electric Asia Pte Ltd.; official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partners AspirantSG, d+a Magazine, SquareRooms, and Top 10 Singapore; supporting association Singapore Estate Agents Association; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS AND HIGHLY COMMENDED AWARDEES

13th PropertyGuru Asia Property Awards (Singapore)

DEVELOPER AWARDS

Best Developer
WINNER: GuocoLand

Best Residential Developer
WINNER: UOL Group Limited

Best Landed Developer
WINNER: Bukit Sembawang Estates Limited

Best Mixed Use Developer
WINNER: Frasers Property Singapore

Best Commercial Developer
WINNER: Solitaire Cecil Pte Ltd (TE Capital Partners and LaSalle Investment Management)

Best Hospitality Developer
WINNER: UOL Group Limited

Best Lifestyle Developer
WINNER: Hoi Hup Realty Pte Ltd

Best Sustainable Developer
WINNER: UOL Group Limited

Best Breakthrough Developer
WINNER: Da Vinci Land

Best Co Living Operator
WINNER: The Assembly Place

DEVELOPMENT AWARDS

Best Integrated Development
WINNER: Lentor Modern by GuocoLand

Best Mixed Use Development
WINNER: One Bernam by HY-MCC (Bernam) Pte Ltd

Best Mega Scale Condo Development 
WINNER: Grand Dunman by Grand Dunman Pte. Ltd.

Best Ultra Luxury Condo Development
WINNER: Klimt Cairnhill by Low Keng Huat (S) Limited

Best Luxury Condo Development
WINNER: Watten House by UOL Group Limited and Singapore Land Group Limited

Best Premium Condo Development
WINNER: The Continuum by Hoi Hup Sunway Katong Pte Ltd
HIGHLY COMMENDED: Pinetree Hill by UOL Group Limited and Singapore Land Group Limited
HIGHLY COMMENDED: Terra Hill by Hoi Hup Sunway Kent Ridge Pte Ltd

Best Private Condo Development
WINNER: Lentor Modern by GuocoLand
HIGHLY COMMENDED: Blossoms By The Park by EL Development Pte Ltd
HIGHLY COMMENDED: Grand Dunman by Grand Dunman Pte. Ltd.
HIGHLY COMMENDED: The LakeGarden Residences by Wing Tai Asia

Best Executive Condo Development
WINNER: Altura by TQS (2) Development Pte Ltd

Best Completed Private Condo Development
WINNER: Seaside Residences by Frasers Property Singapore

Best Nature Integrated Development
WINNER: The LakeGarden Residences by Wing Tai Asia
HIGHLY COMMENDED: Terra Hill by Hoi Hup Sunway Kent Ridge Pte Ltd

Best Waterfront Condo Development
WINNER: Riviere by Frasers Property Singapore

Best Landed Housing Development
WINNER: Pollen Collection by Bukit Sembawang Estates Limited

Best Lifestyle Development
WINNER: The Continuum by Hoi Hup Sunway Katong Pte Ltd

Best Green Development
WINNER: The LakeGarden Residences by Wing Tai Asia

Best Hotel Development
WINNER: Pullman Singapore Hill Street by EL Development Pte Ltd

Best Reconstruction Project Development
WINNER: Solitaire on Cecil by Solitaire Cecil Pte Ltd (TE Capital Partners and LaSalle Investment Management)

Best Industrial Development
WINNER: CT FoodNEX by Chiu Teng Group

DESIGN AWARDS

Best Mega Scale Condo Architectural Design
WINNER: Grand Dunman by Grand Dunman Pte. Ltd.

Best Luxury Condo Architectural Design
WINNER: Watten House by UOL Group Limited and Singapore Land Group Limited

Best Premium Condo Architectural Design
WINNER: The Continuum by Hoi Hup Sunway Katong Pte Ltd
HIGHLY COMMENDED: Pinetree Hill by UOL Group Limited and Singapore Land Group Limited

Best Private Condo Architectural Design
WINNER: Lentor Modern by GuocoLand

Best Ultra Luxury Condo Interior Design
WINNER: Klimt Cairnhill by Low Keng Huat (S) Limited

Best Premium Condo Interior Design
WINNER: Terra Hill by Hoi Hup Sunway Kent Ridge Pte Ltd

Best Private Condo Interior Design
WINNER: Blossoms By The Park by EL Development Pte Ltd

Best Luxury Condo Landscape Design
WINNER: Watten House by UOL Group Limited and Singapore Land Group Limited

Best Mega Scale Condo Landscape Design
WINNER: Grand Dunman by Grand Dunman Pte. Ltd.

Best Premium Condo Landscape Design
WINNER: Pinetree Hill by UOL Group Limited and Singapore Land Group Limited

Best Private Condo Landscape Design
WINNER: Blossoms By The Park by EL Development Pte Ltd

Best Hotel Architectural Design 
WINNER: Pullman Singapore Hill Street by EL Development Pte Ltd

Best Hotel Interior Design   
WINNER: Pullman Singapore Hill Street by EL Development Pte Ltd
HIGHLY COMMENDED: Pan Pacific Singapore by UOL Group Limited

Best Office Architectural Design 
WINNER: Solitaire on Cecil by Solitaire Cecil Pte Ltd (TE Capital Partners and LaSalle Investment Management)

Best Co Living Space
WINNER: Campus @ Telok Kurau by The Assembly Place
HIGHLY COMMENDED: Duke Residences by The Assembly Place
HIGHLY COMMENDED: Hovoh Complete Homes by Hovoh Pte Ltd

Best Sales Gallery Architectural Design
WINNER: The Continuum by Hoi Hup Sunway Katong Pte Ltd
HIGHLY COMMENDED: Grand Dunman by Grand Dunman Pte. Ltd.

BEST OF SINGAPORE AWARDS

Best Condo Development (Singapore)
WINNER: Riviere by Frasers Property Singapore

Best Housing Development (Singapore)
WINNER: Pollen Collection by Bukit Sembawang Estates Limited

SPECIAL AWARDS

Rising Star
WINNER: Eugene Lim YJ, Founder and CEO, The Assembly Place

Special Recognition in ESG
WINNER: Bukit Sembawang Estates Limited
WINNER: Frasers Property Singapore
WINNER: GuocoLand
WINNER: UOL Group Limited

Special Recognition in Sustainable Design and Construction
WINNER: Frasers Property Singapore
WINNER: GuocoLand
WINNER: UOL Group Limited

PUBLISHER’S CHOICE

Singapore Real Estate Personality of the Year
WINNER: Tan Zhiyong, Chief Executive Officer, MCC Singapore

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 37 million property seekers2 to connect with almost 60,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between October 2022 and March 2023.
(2) Based on Google Analytics data between October 2022 and March 2023.
(3) Based on data between January 2023 and March 2023.
(4) Based on data between October 2022 and March 2023.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg

HostDime’s Next-Gen, Tier IV Data Centers Support AI Workloads With Up to 100kW Per Rack

Orlando, FL, Oct 12, 2023 – (ACN Newswire) – HostDime’s Tier IV Data Centers, including their new flagship facility in Orlando, are setting industry design standards that will power the new era of infrastructure needed for artificial intelligence (AI), Machine Learning (ML) technologies, and other high-performance computing (HPC) workloads. These next-gen data centers boast an astonishing power density of up to 100kW per rack, a significant leap from the traditional 3kW to 20kW in legacy data centers.

AI has transcended its status as a buzzword and has quickly become a transformative force across industries. For AI to achieve its potential, it requires massive computational power. Complex neural networks and deep learning algorithms require specialized high-performance hardware, including CPUs, GPUs, and TPUs, optimized for parallel processing, complex modeling, and accelerated training. Suddenly the industry as a whole is rethinking how data centers are designed. A new generation of purpose-built data centers is the only way to power this new wave of hardware infrastructure.

Addressing this need head-on, ahead of the market, is HostDime’s hyper-edge, Tier IV data center design, which is being deployed at the global edge with immediate deployments in Latin America (most recently in Colombia) and at their flagship facility in Florida. HostDime’s leap to up to 100kW signifies a remarkable advancement that directly addresses the energy demands of AI/ML/HPC workloads. This state-of-the-art Orlando data center brings to market much-needed high-power-density inventory while reducing dependency on data center infrastructures in traditional major metro markets that are struggling to keep up with demand. This infrastructure demand is also being seen at the global edge where HostDime will continue to deploy its next-gen, Tier IV design.

HostDime’s modular design incorporates a high watt-per-square-foot density along with supplemental in-row cooling capabilities that work in parallel with direct-to-chip cooling technologies. The design also incorporates precise cooling-efficient cold aisle containment at every data hall. HostDime’s flagship Orlando data center also has designated data halls created specifically for immersive cooling hardware. Immersive cooling is widely becoming a necessity in the new wave of data center build-outs. All these features are at the forefront of HostDime’s data center design.

HostDime’s commitment to building the next generation of purpose-built data centers is embodied by their standard Tier IV design – the pinnacle of reliability. This designation signifies fault tolerance and redundancy at every level, allowing HostDime to offer 100% uptime SLAs. Such data center infrastructure is imperative for supporting critical AI workloads that require uninterrupted availability to perform mission-critical tasks.

As AI continues to reshape businesses as we know it, the role of data centers cannot be overstated. The new Central Florida data center, which will be commissioned in Q1 2024, is poised to meet the skyrocketing demands of the AI revolution. The future is AI-powered, and HostDime’s global edge data centers are the gateway to that future.

About HostDime:

HostDime is a hyper-edge global data center company operating our owned, purpose-built data center facilities in Mexico, Brazil, Colombia, and our flagship facility in Florida, USA, and with owned networks in the UK, India, and Hong Kong. Our mission is to design, build, and operate purpose-built, next-gen data center facilities at the global edge.

We offer an array of core digital infrastructure products and services, including colocation (private data center suites, cages, racks), interconnection (cross-connects, peering, transit), Hardware-as-a-Service (bare metal servers, lease-to-own servers, hardware procurement), cloud infrastructure (private, hybrid, multi-cloud), and managed services (server management, remote hands, smart hands).

Contact Information

Jared Smith, Director of Marketing, jared.s@hostdime.com 386-341-0855

Officials from multiple countries applaud infrastructure projects built by China Communications Construction Company

BEIJING, Oct 7, 2023 – (ACN Newswire) – Major infrastructure projects undertaken by China Communications Construction Company Limited(CCCC) have received widespread praise from global officials in charge of transportation at two side events of the recently concluded 2023 Global Sustainable Transport Forum (GSTF).

The 2023 GSTF and the 15th International Exhibition on Transport Technology and Equipment, hosted by China’s Ministry of Transport, were held from Sept. 25 to 26 in Beijing. CCCC has actively participated in the forum and organized the forum’s two side events themed “effectively advancing high-quality international infrastructure connectivity for coordinated regional economic development” and “smart, green and sustainable transportation infrastructure”, respectively.

During riveting discussions on the sustainable development of global transportation at the side events, ministers of transport and experts in transportation from many countries lauded landmark infrastructure projects built by CCCC, such as the Mombasa – Nairobi Standard Gauge Railway (SGR) in Kenya, the Colombo Port City of Sri Lanka, and the China-Laos Railway.

“I was there at the inauguration ceremony,” said Kipchumba Murkomen, the Kenyan Cabinet Secretary for Roads, Transport and Public Works, pointing to a photo showing the inauguration ceremony of the Mombasa – Nairobi SGR with excitement.

“Companies like CCCC have done a fantastic job in our country in modernizing our railway system. Now we have an SGR system of almost 600 kilometers, and we believe that system will be further extended,” said Murkomen.

He also pointed out that CCCC has made great efforts to ensure ecological conservation during the construction of the railway. By transforming some technologies and building wildlife crossings, among many other measures, CCCC has managed to minimize the environmental impact of the project, according to Murkomen.

Calling the China-Laos Railway one of the models of green transportation system, Ngampasong Muongmany, the Lao Minister of Public Works and Transport, underscored the importance of realizing “green, low-carbon and sustainable transportation”, and noted that various countries should work together to achieve the goal.

Participants in the events also recognized the rich fruits of international cooperation in the transportation sector under the framework of the Belt and Road Initiative over the past 10 years and shared their views on green development in the future.

“Because Sri Lanka highly values international exchanges in transportation construction, the Belt and Road Initiative is very important for us,” said Bandula Gunawardhana, Sri Lanka’s Minister of Transport, Highways, and Mass Media.

“It (the Belt and Road Initiative) is an excellent initiative, as all initiatives that are promoting connectivity in transport, just to connect better the world,” said Francisco Esteban Lefler, President of the World Association for Waterborne Transport Infrastructure (PIANC).

Media Contact
Wang Yueran, huanqiu.com
Email: wangyueran@huanqiu.com
Website: http://www.huanqiu.com
Tel: 13002252096

China Communications Construction Company strives to become model contributor to global sustainable transportation

BEIJING, Oct 7, 2023 – (ACN Newswire) – China Communications Construction Company Limited(CCCC), has benefited people all over the world with transportation infrastructure projects oriented to sustainable development, CCCC officials said at a recent forum.

The forum, namely 2023 Global Sustainable Transport Forum, was held from Sept. 25 to 26 in Beijing. CCCC was deeply involved in the forum, and organized two side events of the forum.

Many senior executives of CCCC attended the forum and side events, and shared information about the group’s achievements in pursuing sustainable transportation at a press conference held by CCCC on Sept. 26.

CCCC has expanded its business into five continents and undertaken major projects in 157 countries and regions, including the Mombasa – Nairobi Standard Gauge Railway in Kenya, Hong Kong–Zhuhai–Macao Bridge in south China, and Sri Lanka’s Colombo Port City, strongly boosting economic growth and social prosperity, Wang Tongzhou, Chairman of CCCC, said in his keynote speech delivered at the forum.

Committed to “making the world more smooth, making the city more livable, making the life more colorful” CCCC focuses efforts on infrastructure connectivity, common development, innovation-driven development, and eco-friendly construction, and looks forward to enhancing cooperation for shared benefits with all parties, Wang noted.

CCCC has actively adapted to the trend toward green economy for years, according to Pei Minshan, Vice General Manager of CCCC. Attaching great importance to China’s carbon peak and neutrality goals, CCCC has accelerated the building of a clean and low-carbon infrastructure system, and pursued energy conservation, pollution control, consumption reduction, and carbon reduction throughout production, operation and management, striving to lay a solid foundation for sustainable transportation, Pei said at the press conference.

Innovation is a crucial driving force for the sustainable development of the transportation sector, pointed out Liu Boying, Deputy Chief Engineer of CCCC, at the press conference. CCCC has unswervingly marched along the path of high-quality development driven by innovation, and steadily enhanced independent innovation capacity, Liu said.

Tang Qiaoliang, General Manager of CCCC’s Overseas Business Department, shared at the press conference that CCCC has invested in and built over 3,000 high-standard infrastructure projects worth over $140 billion in Belt and Road countries and regions, including over 13,000 kilometers of highways, 3,000 kilometers of railways, over 200 bridges, 150 key ports, 31 newly built or renovated airports, and over 1,000 container bridge cranes.

CCCC considers people-to-people connectivity the most profound and long-lasting mode of connectivity, said Tian Jufang, General Manager of CCCC’s Corporate Culture Department. While improving infrastructure, CCCC has carried out assistance activities globally to help improve people’s sense of gain and happiness worldwide, Tian added.

Media Contact
Wang Yueran, huanqiu.com
Email: wangyueran@huanqiu.com
Website: http://www.huanqiu.com
Tel: 13002252096

Royal Deluxe Wins Two Formwork Erection Projects Valued at Approximately HK$373 Million in Total, Provides Formwork Erection Services to Hong Kong International Airport and Public Housing Development Project

Hong Kong, Oct 6, 2023 – (ACN Newswire) – Royal Deluxe Holding Limited (“Royal Deluxe”, and together with its subsidiaries, the “Group”; Stock code: 3789), Hong Kong’s first formwork erection and related ancillary services provider holding more than 10 formwork patents, is pleased to announce that its wholly-owned subsidiary Ming Tai Construction Engineering Company Limited (“Ming Tai”) has been awarded the formwork works projects and Related Works of the Hong Kong International Airport Tunnel Structure, and also that for Traditional Formwork, System Formwork and Installation of Precast Façade for Construction of Public Housing Development at Tung Chung Area 103, together worth approximately HK$373 million.

Rooted in Hong Kong for more than 28 years, the Group prides rich experience in formwork erection of reinforced concrete structures and a solid business foundation. Over the years, it has undertaken a good number of large-scale infrastructure projects, including structural engineering projects for the Hong Kong International Airport concourse of the three-runway system, works in relation to stations and tunnels of the Kowloon City Section (Song Wong Toi and To Kwa Wan Station) of the MTR Shatin to Central Link, West Kowloon Terminus of the Guangzhou-Shenzhen-Hong Kong High Speed Rail (southern section), the visual culture museum M+ in West Kowloon Cultural District, and AsiaWorld-Expo, etc. Obtaining the new projects is further proof of the Group’s professional competence in undertaking large-scale integrated construction projects, as well as the government’s high recognition for the safe, environmentally friendly and cost-effective construction solutions of the Group, again affirming its technical strengths.

Over the years, the Group has kept innovating and pursuing actively research and development of innovative moulds. It has developed constructional aluminium tableform, building construction systems formwork and coding processing systems, leading development of the industry. According to the “Construction Expenditure Forecast” issued by the Construction Industry Council in July 2023, the total construction expenditure of the local construction industry is estimated at between HK$240 billion to HK$375 billion a year in the next decade. That speaks clearly to the huge potential of the market, meaning the Group will have vast room for future development. Thus, the Group will continue to reinforce its foundation, improve construction techniques and seize market opportunities to promote sustainable development and create greater value for all stakeholders.

As at 31 March 2023, the Group had 10 projects on hand and the total outstanding value in FY2023 was estimated at approximately HK$445 million. In FY2023, the Group won five new contracts with total value of approximately HK$184 million, about 21.3% more than in FY2022.

SKYX Files for a Mandatory Safety Standardization with the National Electrical Code (NEC) for Its Outlet Receptacle for Ceilings in Homes and Buildings

MIAMI, FL, Sep 11, 2023 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies"), a highly disruptive smart platform technology company with 72 issued and pending patents in the U.S and globally and over 60 websites for lighting and home decor with a mission to make homes and buildings become safe and smart as the new standard, announced today that it has filed an application for a mandatory safety standardization with the National Electrical Code (NEC) for its ceiling outlet receptacle platform for homes and buildings.

In a market of hundreds of millions of installations, a mandatory standardization of SKYX's ceiling outlet platform, should it occur, would enable a robust, safer plug and play ceiling installation of light fixtures and ceiling fans without a need to touch electrical hazardous wires and would significantly reduce fires, ladder falls, electrocutions, injuries, and deaths due to hazardous electrical wire installations.

SKYX's code team is led by Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA). As part of the mandatory application, SKYX's code team has submitted significant supporting data regarding hazardous incidents that occur due to electrical wire installations. The data includes fires, ladder falls, electrocutions, injuries, and deaths caused due to hazardous wire installations.

After years of rigorous standardization progress, SKYX's management and code team strongly believe that it has met the necessary safety conditions and has significant hazardous data support for a compelling case for its ceiling outlet receptacle to become a mandatory safety standardization for ceilings in homes and buildings.

In the past several years the Company's product was already voted into 10 segments in the NEC and since 2022 it has succeeded in achieving major additional necessary milestones for mandatory standardization, including voting approvals by U.S. standardization organizations ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturing Association), as well as a vote approval by the NEC for the generic name WSCR (Weight Support Ceiling Receptacle) for its ceiling outlet receptacle.

The last significant NEC mandatory standardization approval for homes and buildings was for the GFCI (GFI) electrical wall safety outlet for Bathrooms and Kitchens to reduce and prevent electrocutions.

The Company's application included data regarding hazardous incidents from U.S. governmental agencies such as the U.S. Census Bureau, NFPA, OSHA, NIOSH, CPSC, and CDC.

An NFPA Report No. USS117 published in February 2022, "Home Fires Caused by Electrical Distribution and Lighting Equipment" provides evidence that not enough emphasis is placed on incorrect installation of lighting. The report noted that fires involving electrical distribution and lighting equipment caused an estimated average of 430 deaths per year in 2015-2019. Specifically, wiring, and related equipment accounted for 68% of these fires, 60% of the property damage and 42% of the civilian deaths and 53% of injuries.

SKYX's lead code team member Mark Earley, former head of the National Electrical Code (NEC) and former Chief Electrical Engineer of NFPA, said: "I truly believe that we have made a compelling case for a mandatory requirement for plug-and-play installations using the safe and robust weight supporting ceiling receptacle. We have gathered a significant amount of data on incidents involving lighting fixtures and ceiling fans using the existing wiring methods. This data includes a substantial number of hazardous incidents that include deaths and or injuries from fires related to wiring, falls from ladders, fixtures or fans that fell on individuals, including young children among other incidents. Many of these accidents could have been prevented using this safe and robust plug-and-play installation method. It is about time that the existing wiring installation method be replaced by a safe, robust method that reflects today's advanced but litigious world".

SKYX's lead code team member Eric Jacobson, former President and CEO of the American Lighting Association (ALA), said: "I am highly confident that our application to the NEC has all the necessary safety data aspects and information to support our case for a mandatory safety standardization approval. As part of our application, we intend to share our product for all manufacturers to benefit. As a world leading country, it is about time that we make our consumers, electricians, handymen, and business owners safer and more advanced by moving away from the old hazardous wiring installation method to a safer, and fast plug and play installation method."

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX Platforms Corp. (NASDAQ: SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 72 U.S. and global patents and patent pending applications as well as over 60 lighting and home decor websites. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Forward-looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "can," "could," "continue," "estimate," "expect," "evaluate," "forecast," "guidance," "intend," "likely," "may," "might," "objective," "ongoing," "outlook," "plan," "potential," "predict," "probable," "project," "seek," "should," "target" "view," "case," "will," or "would," or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words.

These statements reflect the Company's reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those expressed or implied by the forward-looking statements.

Such forward-looking statements include any statements regarding any of the Company's products becoming a new standard. The filing of the Company's application for a mandatory safety standardization with the National Electrical Code (NEC) does not guarantee approval within any specific timeframe or at all. The NEC's approval of the Company's generic names for its weight-bearing safe plug & play outlet/receptacle for ceilings as WSCR (Weight-Supporting Ceiling Receptacle) for its universal ceiling outlet and WSAF (Weight-Supporting Attachment Fitting) for its ceiling plug, or the American National Standards Institute's (ANSI) and the National Electrical Manufacturers Association's (NEMA) vote for the standardization of the Company's weight-bearing plug and outlet/receptacle for ceilings do not guarantee approval by the National Fire Protection Association's (NFPA) Committee on the National Electrical Code (which consists of multiple code-making panels and a technical correlating committee and develops the National Electrical Code (NEC)) or any other trade or regulatory organization and do not guarantee that any of the Company's products will become NEC-code mandatory in any jurisdiction, or that any of the Company's current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all. There can be no assurance that any of the Company's current or future products or technologies will gain market acceptance or that they will be adopted by any state, country, or municipality, within any specific timeframe or at all.

Our estimates of the addressable market for our products may prove to be incorrect. The projected demand for our products could materially differ from actual demand. Such risks and uncertainties also include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company's efforts and ability to drive the adoption of SKYX's Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Readers are cautioned not to put undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 15th Annual Global CSR & ESG Awards Honours 2023 Winners

DA NANG, VIETNAM, Aug 30, 2023 – (ACN Newswire) – The 15th Annual Global CSR & ESG Summit & Awards ended on a high note before a full house in Da Nang, Vietnam, on August 28. Organized at the Novotel Danang Premier Han River, this years conference was held under the theme "Driving Transformational Change Beyond Greenwashing", and focused on inspiring participants to discuss and discover transformational ESG & CSR strategies, beyond conventional thinking. The conference also addressed the challenges and need for climate-friendly solutions and technologies, including electric vehicles, high tech farming, sustainable supply chains, and nature-based solutions.

Among the notable speakers, Prof. Dr. Richard Hames, Founder & Executive Director, Centre for the Future and Fellow of the World Academy of Art & Science, gave a powerful speech on "Beyond ESG: From The Impossible To The Inevitable", encouraging the move from the degenerative practices of the industrial era, through the many delusions of sustainability and lies about 'green growth', to regenerative systems globally.

In view of 20 Years of Building, Implementing and Supporting ESG in Vietnam, Ms. Kim Francois, Executive Director of BeLuxCham Vietnam presented "Localising and Creating Positive Impact for Foreign Businesses in Vietnam – Successful ESG stories of BeluxCham Blending Eastern and Western Cultures." She shared how BeLuxCham provides an eco-system that shares expertise in ESG and provides a platform to which companies can learn from each other and be part of each other's circular system. She believed that more work is needed to ensure that SMEs are learning and implementing ESG, to contribute together to the goals set by Vietnam, but mainly to be sure we are living in a healthy environment and protecting our people.

Prof. Dr. Martin Blake, the Conference Chairman announced that the Organisers are planning to hold The 16th Annual Global CSR & ESG Summit & Awards in Ho Chi Minh, Vietnam. The summit ended with the The Global CSR & ESG Awards, graced by Guest of Honour, Mr Nguyen Anh Phong, Deputy-Director-General of Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), and Ms. Kim Francois, Executive Director of BeLuxCham Vietnam. The evening award ceremony was marked with a stunning audio and light display show.

The Award Categories for 2023:

– Best Environmental Excellence Award
– Best Community Programme Award
– Excellence In Provision Of Literacy & Education Award
– Empowerment Of Women Award
– Best Workplace Practises Award
– CSR & ESG Leadership Award
– Product Excellence Award
– Best Chief Executive Officer (CEO)
– Best Corporate Comms & Investors Relations Team

And Award Categories 2023 recognizing companies at the forefront of their countries:

– Best In Singapore
– Best In Thailand
– Best In Indonesia
– Best In Cambodia
– Best In Viet Nam
– Best In Philippines

THE WINNERS

Best Environmental Excellence Award

o Above USD 1 Billion Market Cap
— Bronze: SM Investments Crk Softex Indonesia, PT Astra International TBK
— Gold: PT Adaro Indonorporation
— Silver: Kimberly-Claesia, PT Chandra Asri Petrochemical TBK, Central Department Store Limited (Head Office)
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Bronze: PT Diageo Indonesia
— Silver: Schneider Electric Indonesia
— Gold: GeoComply Viet Nam
— Platinum: PT Kilang Pertamina International

Best Community Programme Award

o Above USD 1 Billion Market Cap
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: PT Asmin Bara Bronang
— Gold: PT Pertamina Patra Niaga Regional Jawzation
— Bronze: PT Tower Bersama Infrastructure TBK, FPT Corporation,
— PT Pertamina – Patra Niaga Fuel Terminal Rewulu
— Silver: Kuala Lumpur Kepong Berhad, Badak LNG, RHB Bank Berhad
— PT Pertamina Patra Niaga Fuel Terminal Boyolali
— Gold: Sarawak Energy Berhad, Indosat Ooredoo Hutchinson PTTEP Indonesia,
— PT Chandra Asri Petrochemical Tbk,
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Cap
— Bronze: Bagian Tengah DPPU Ahmad Yani
— Platinum: PT Meares Soputan Mining
o Less Than USD 500 Million Market Capitalization
— Bronze: Price Waterhouse Coopers, IDP Education (Cambodia) Limited
— Silver: Diageo Viet Nam, Prince Holding Group
— Gold: PT Diageo Indonesia, GeoComply Viet Nam,
— PT Pertamina Patra Niaga Integrated Terminal Semarang
— Platinum: PT Kilang Pertamina International

Excellence In Provision Of Literacy & Education Award

o Above USD 1 Billion Market Cap
— Bronze: Adaro Energy Indonesia
— Silver: Kuala Lumpur Kepong Berhad
— Gold: PT Samsung Electronics Indonesia
— Platinum: Tata Consultancy Services Limited
o USD 500 Million To USD 1 Billion Market Capitalization
— Silver: Samsung Electronics Viet Nam Co. Ltd
— Gold: PT Asmin Bara Bronang
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: MegaWorld Foundation
— Platinum: IDP Education (Cambodia) Limited

Empowerment Of Women Award

o Above USD 1 Billion Market Cap
— Platinum: PT Pertamina Geothermal Energy Tbk Ulubelu
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)

Best Workplace Practises Award

o Above USD 1 Billion Market Cap
— Platinum: PT Tower Bersama Infrastructure TBK
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Diageo Indonesia

CSR & ESG Leadership Award

o Above USD 1 Billion Market Cap
— Bronze: PT Tower Bersama Infrastructure TBK
— Silver: Tata Consultancy Services Limited, Bridgestone Asia Pacific Pte Ltd
— Gold: PT Chandra Asri Petrochemical Tbk, Aditya Birla Fashion and Retail Limited, ACEN Corporation
— Platinum: KLCC Property Holdings Berhad
o USD 500 Million To USD 1 Billion Market Capitalization
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: Home Credit Vietnam Finance Company Limited
— Gold: Samsung Electronics Vietnam Co. Ltd
— Platinum: PT Asmin Bara Bronang
o Less Than USD 500 Million Market Capitalization
— Bronze: Diageo Indonesia
— Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
— Gold: GeoComply Viet Nam
— Platinum: DEEP C Industrial Zones

Product Excellence Award

o Above USD 1 Billion Market Cap
— Bridgestone Asia Pacific Pte Ltd

Best CEO Award

o Above USD 1 Billion Market Cap
— Gold: Indosat Ooredoo Hutchinson
— Platinum: PT Chandra Asri Petrochemical Tbk

Best Corporate Comms & Investor Relations Team Award

o USD 500 Million To USD 1 Billion Market Cap
— Platinum: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Cap
— Platinum: Viettel Construction Joint Stock Corporation

Best Country Award – Best In Indonesia

o Above USD 1 Billion Market Cap
— Gold: PT Pertamina Hulu Energi Offshore North West Java
— Platinum: PT Astra International TB
o Less Than USD 500 Million Market Cap
— Silver: PT Kilang Pertamina International
— Gold: Diageo Indonesia
— Platinum: Schneider Electric Indonesia

Best Country Excellence – Best In Cambodia

o Above USD 1 Billion Market Cap
— Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Cap
— Platinum: Prince Holding Group

Best Country Excellence – Best In Thailand

o Above USD 1 Billion Market Cap
— Platinum: Krungthai-AXA Life Insurance Public Company Limited

Best Country Excellence – Best In Philippines

o Above USD 1 Billion Market Cap
— Platinum: ACEN Corporation

Best Country Excellence – Best In Singapore

o Above USD 1 Billion Market Cap
— Platinum: Tata Consultancy Services Limited

Best Country Excellence – Best In Vietnam

o Above USD 1 Billion Market Cap
— Platinum: FPT Corporation
o USD 500 Million to USD 1 Billion Market Cap
— Platinum: Samsung Electronics Viet Nam Co. Ltd,
o Less than USD 500 Million Market Cap
— Platinum: Diageo Viet Nam

For media enquiries please contact:
Cyan Lee, Pinnacle Group
E: marketing@pinnaclegroup.global
T: +65 8222 2344

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SCIB Reports Q4FY2023 Financial Results with Revenue of RM33.3 Million, Gross Profit of RM6.5 Million and Highlights Growth Opportunities

KUCHING, MALAYSIA, Aug 29, 2023 – (ACN Newswire) – Industrialised building systems specialist, Sarawak Consolidated Industries Berhad (SCIB), is delighted to announced its financial results for the fourth quarter of fiscal year 2023 (Q4FY2023), reflecting a positive growth trajectory across key financial metrics and strategic business segments.

Ku Chong Hong, Managing Director of SCIB

Revenue for the quarter reached RM33.3 million, a 27% increase from RM26.3 million in Q4FY2022. Gross Profit grew by 73% to RM6.5 million from RM3.8 million in the corresponding period of the previous fiscal year. The Operating Loss was significantly reduced to RM18.2 million from RM47.1 million, and Loss Before Tax (LBT) improved to RM18.5 million from RM47.4 million in Q4FY2022.

In the Manufacturing segment, SCIB reported revenue of RM23.2 million, a year-to-date increase of 10%, with profit before tax of RM2.8 million. The Construction/EPCC segment registered revenue of RM10.2 million, marking a 92% increase year-to-date, with loss before tax narrowed to RM4.5 million. The growth in revenue and profitability across key segments was driven by increased sales volume of foundation piles and the kick-start of two new school projects.

"In the challenging business environment, SCIB has demonstrated resilience and adaptability, successfully navigating the market dynamics," said Mr. Ku Chong Hong, Managing Director of SCIB. "Our growth this quarter reflects our focus on core capabilities in Engineering, Procurement, Construction, and Commissioning (EPCC) and our ability to supply crucial building materials. The future outlook for SCIB is robust, built upon a comprehensive understanding of the broader economic environment. We are well-positioned to seize growth opportunities in the domestic construction industry and benefit from strategic initiatives and prudent financial management."

SCIB's proactive engagement in securing small-to-mid-sized construction projects, Sarawak's construction sector upswing, and the positive view of China's recent RM170 billion investment commitment pave the way for enhanced growth opportunities. The Company also fortified its financial position through a private placement that raised approximately RM12.76 million in gross proceeds, underlining SCIB's prudent financial management.

SCIB's Q4FY2023 results illustrate a company on the move, aligning with broader economic forecasts and positioning itself well within the evolving economic landscape. The strategic approach and unwavering commitment to sustainable growth set the stage for a bright future.

SCIB's financial position is further bolstered by an outstanding orderbook for construction contracts, standing robust at RM275 million. This orderbook reflects a promising pipeline of projects and underscores SCIB's ability to identify and secure valuable opportunities in the market.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SKYX Announces Over $14 Million (unaudited) In Sales for Partial Second Quarter, Including Sales of Its Plug & Play Products That Are Now Sold on 16 US and Canadian Leading Websites

MIAMI, FL, Aug 3, 2023 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies"), a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that it has over $14 million in sales for the partial second quarter, including sales of its Smart and Standard Plug & Play products that are now sold on over 16 US and Canadian leading lighting and home decor websites.

These websites serve both retail and professional customers and include the following websites: 1stoplighting.com, Lightingdesignexperts.com, Canadalightingexperts.com, Americanlightingstore.com,Homeclick.com, and Lunawarehouse.com among others.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: "We are very happy to initiate our sales now on over 16 lighting and home decor websites in the US and Canada, as well as market and educate both retail and professional customers on the simplicity, cost saving, time saving, and life-saving aspects of our Sky ceiling outlet receptacle and our plug & play smart and standard products. We expect to continue our product launch in additional locations in the coming months."

Steve Schmidt, President of SKYX Platforms, said: "Seeding the market with our products and introducing the concept of a plug & play ceiling outlet to many consumers and professionals for the first time, showing them that there is truly a better, safer, and faster way, positions us to continue our rapid pace of operational execution. We look forward to providing the investment community with an update on our value-creation initiatives next week on our investor update call and would encourage all current and prospective shareholders to attend."

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.

SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. The company owns 64 lighting and home decor websites For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Preliminary Financial Results

The preliminary selected financial results in this press release are preliminary, are not a comprehensive statement of financial results for the quarter ended June 30, 2023, and are provided prior to completion of all internal and external audit review procedures and, therefore, are subject to adjustment. Actual results may vary from these estimates, and the variations may be material. Among the factors that could cause or contribute to material differences between the Company's actual results and expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: changes to the Company's financial results for the quarter ended June 30, 2023 due to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time that the Company's financial statements for the quarter are finalized and publicly released and other risks and uncertainties described above and in the Company's filings with the Securities and Exchange Commission.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "can," "could," "continue," "estimate," "expect," "evaluate," "forecast," "guidance," "intend," "likely," "may," "might," "objective," "ongoing," "outlook," "plan," "position," "potential," "predict," "probable," "project," "seek," "should," "target" "view," "will," or "would," or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words.

Such forward-looking statements include any statements regarding SKYX's sales, revenues, and SKYX's products becoming a new standard. There can be no assurance that any of the Company's current or future products or technologies will gain market acceptance or that they will be adopted by any state, country, or municipality, within any specific timeframe or at all. These statements reflect the Company's reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company's efforts and ability to drive the adoption of Sky's Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Media Relations Contacts:
Britney Ouzts/Barbara Goldberg
O'Connell & Goldberg, Inc.
(754) 204-7074/ (954) 294-4677
bouzts@oandgpr.com / bgoldberg@oandgpr.com

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sarawak Consolidated Commences Legal Action against Dynamic Prestige Consultancy

KUCHING, MALAYSIA, Jul 27, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that it has initiated legal proceedings against Dynamic Prestige Consultancy Sdn. Bhd from an unfulfilled refund of RM14,000,000.00.

Ku Chong Hong, Managing Director of SCIB

The sum was an initial payment in anticipation of a strategic business partnership in the Engineering, Procurement, Construction and Commissioning (EPCC) sector. As part of the agreement, Dynamic Prestige Consultancy Sdn. Bhd. was to propose a Redeemable Convertible Preference Shares (RCPS) scheme in their company. SCIB, having decided not to proceed with the RCPS, has sought the agreed refund. However, to date, Dynamic Prestige Consultancy Sdn. Bhd. ("Dynamic Prestige") has failed to honour this agreement.

In response to the ongoing litigation, Mr. Ku Chong Hong, Group Managing Director of SCIB, stated, "The initiation of this legal action is a necessary step to protect our company's interests and uphold our financial integrity. We have always operated with full adherence to our contractual obligations and expect the same level of commitment from our partners. We remain confident in our legal position and are committed to ensuring the best outcome for our shareholders and stakeholders."

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com