12th PropertyGuru Asia Property Awards (Singapore) search for the finest real estate as market sentiment improves

SINGAPORE, May 20, 2022 – (ACN Newswire) – The Singapore edition of the PropertyGuru Asia Property Awards, organised by Southeast Asia's leading property technology company, PropertyGuru (NYSE: PGRU), will return to the Lion City for its 2022 edition.


Prominent, senior real estate industry figures gather 12 May at The Capitol Kempinski Hotel Singapore for the leaders' luncheon celebrating the launch of the 2022 edition of the PropertyGuru Asia Property Awards (Singapore)

Jules Kay, General Manager of PropertyGuru Asia Property Awards & Events, delivers his opening remarks during the PropertyGuru Asia Property Awards (Singapore) Leaders' Luncheon on 12 May at The Capitol Kempinski Hotel Singapore


— Exclusive gala celebration to be held on 28 October 2022 at Shangri-La Singapore
— Entries and nominations are open to eligible companies and the public, respectively, until 19 August, with several new titles for local and transnational developers
— International audience can watch a live stream of awards presentation via AsiaPropertyAwards.com and digital platforms

The 12th PropertyGuru Asia Property Awards (Singapore), supported by Kohler and Mitsubishi Electric Asia Pte Ltd., will be presented at an exclusive in-person gala event at the Shangri-La Singapore on Friday, 28 October 2022. Nominations and entries are being accepted online until 19 August: www.asiapropertyawards.com/en/nominations

The return of the black-tie gala celebration comes as property seekers in the city-state cope with shifts brought by the new normal and look to a better future, according to findings by the H1 2022 PropertyGuru Consumer Sentiment Study (CSS) (tinyurl.com/45mrax8k ).

The study recorded an uptick in the overall Sentiment Index (tinyurl.com/2p92v3c5) – a measure of current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices by PropertyGuru.com.sg, Singapore's No. 1 property marketplace. This uptick was driven by Singaporeans' positive outlook on future property prices, more reasonable perception of home loan interest rates, and better-perceived government efforts to make housing more affordable.

Following last year's successful virtual gala event, the PropertyGuru Asia Property Awards (Singapore) this year have added new categories, honouring real estate companies with developments not only in the city-state but also those with projects abroad.

Key dates:

19 August 2022 – Entries Close
5-28 September 2022 – Site Inspections
29 September 2022 – Final Judging
28 October 2022 – Gala Event and Awards Ceremony in Singapore
9 December 2022 – Regional Grand Final Gala Event in Bangkok, Thailand

All-new award titles

Entries and nominees will be shortlisted across 81 categories. They include the all-new title of Best Transnational Developer, open to companies with developments outside Singapore, as well as Best Luxury Developer. Never-before-presented titles will also be given to eligible residential projects across the city-state: Best Premium Condo Development, Best Waterfront Condo Development, Best Lifestyle Development, Best Wellness Condo Development, and Best Nature-Integrated Condo Development.

Jules Kay, General Manager, PropertyGuru Asia Property Awards & Events, said: "The number of quality developments, designs and development companies has grown every year and many of them have been instrumental in driving that growth. Singapore properties and developers always feature highly in the list of the Best in Asia. It's clear that as leaders in this field, they have set a standard in Singapore for others to follow. The PropertyGuru Asia Property Awards (Singapore) look forward to recognising their achievements this year and in the years to come."

Dr. Tan Tee Khoon, Country Manager, PropertyGuru.com.sg, said: "Singaporean developers have kept the real estate industry dynamic even in these unprecedented times. I hope that these companies will continue their innovations and push forward their projects with world-class concepts and design across all asset segments, and that they will remain committed to sustainability, green building and ESG."

To launch the 2022 edition, PropertyGuru hosted a luncheon with local developers to celebrate the opening of the nominations and the new categories.

From the Awards in Singapore, main country winners will proceed to the 17th edition of the PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand where they will compete with peers for Best in Asia honours. At the 2021 edition of the Grand Final, companies from Singapore scored four regional wins, including the Best Hospitality Developer (Asia) title, which was presented to UOL Group Limited.

The 2022 gala event in Singapore will continue to reach consumers, investors and agents internationally by streaming live on AsiaPropertyAwards.com and digital platforms such as Facebook, YouTube, and LinkedIn. The PropertyGuru Asia Property Awards virtual gala series, which began streaming in 2020 and continued in 2021, has garnered around 1 million views to date across multiple channels.

The 12th Annual PropertyGuru Asia Property Awards (Singapore) programme is supported by gold sponsors Kohler and Mitsubishi Electric Asia Pte Ltd.; official portal partner PropertyGuru.com.sg; official magazine PropertyGuru Property Report; official cable TV partner History Channel; official PR partner Artemis Associates; and official supervisor HLB.

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

NOTE: Use of the PropertyGuru Asia Property Awards (Singapore) logo is limited to the publication of this article only.

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

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

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

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

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 2022, 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 2022.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:
PropertyGuru Group is Southeast Asia's leading property technology company, and the preferred destination for over 52 million property seekers to find their dream home, every month. PropertyGuru and its group companies empower property seekers with more than 3.3 million real estate listings, 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 2007 and has helped to drive the Singapore property market online and has made property search transparent for the property seeker. Over the decade, the Group has grown into a high-growth technology company with a robust portfolio of leading property portals across its core markets company; award-winning mobile apps; a high-quality developer sales enablement platform, PropertyGuru FastKey ( www.propertygurugroup.com/fastkey/ ); mortgage marketplace PropertyGuru Finance ( www.propertyguru.com.sg/mortgage/home-loan ); and a host of other property offerings including Awards ( www.asiapropertyawards.com/en/ ), events and publications across Asia.

For more information, please visit www.PropertyGuruGroup.com;
www.linkedin.com/company/propertyguru

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BDO announces winners of the BDO ESG Awards 2022

HONG KONG, May 19, 2022 – (ACN Newswire) – BDO, the world's fifth largest accountancy network, today announced and honoured the winners of the fourth BDO ESG Awards (the "Awards"). This competition is widely supported by listed enterprises and this year's winners were selected from a pool of 90 nominations, all of which showcased excellence in ESG reporting and disclosure. The awardees were chosen by a prestigious and professional panel of judges in recognition of the outstanding sustainability initiatives they have implemented. Due to the COVID-19 pandemic, this year's BDO ESG Awards Presentation Ceremony was held online, with stakeholders and the general public invited to witness the efforts and achievements of the winning companies in relation to ESG reporting over the past year.


The virtual BDO ESG Awards ceremony 2022 is held to pay tribute to businesses with strong ESG commitment and outstanding ESG efforts.

Clement Chan, Managing Director of Assurance, BDO in Hong Kong (left) and Johnson Kong, Managing Director of Non-Assurance, BDO in Hong Kong (right).

Ricky Cheng, Director and Head of Risk Advisory, BDO in Hong Kong.


In response to rapid global warming, companies should fulfil their corporate responsibilities and implement measures to reduce carbon emissions and greenhouse gases generated from business activities, thus realising a long-term net zero emission business model. This year, the Theme Award adopts the theme of "Carbon Neutrality", and in 2021 BDO International launched the BDO Sustainability Movement, promising to achieve net zero greenhouse gas emissions by 2050. All BDO offices are working together to fulfil this commitment and to avoid adverse impacts on the planet. BDO also aims to recognise companies that have achieved net zero emissions and have performed well in all aspects of carbon reduction (see the full list below).

Dr Carlye Tsui BBS MBE JP, Chairman of the Judging Panel of the "Best in Reporting Awards" and Chief Executive Officer of The Hong Kong Institute of Directors, said, "ESG adoption is driven by board leadership, corporate culture and staff action together. ESG reporting serves to convey the company's values and contribution to the stakeholders. I am pleased with the entries of high standards and the awarded report of excellence. The awards project is once again laudable in promoting sustainability."

Dr William Yu, Chairman of the Judging Panel of the "Best in ESG Awards" and Founder and Chief Executive Officer of World Green Organisation, said, "As we know ESG is currently the spotlight of the market, it's good to see how award participants are addressing business precedents in their reports and preparing for TCFD frame work so as to address the primaries. Being a board member, I will encourage active participation as it is equally important. Overall, I'm delighted to see BDO continues the determination to bring a positive impact to the society.

Ms Karen Ho, Chairman of the Judging Panel of the "Theme Award" and Head of Corporate and Community Sustainability, WWF-Hong Kong, said, "Thanks to BDO for organising this ESG "Theme Award" with focus on carbon neutrality. We are at a defining moment in the fight to tackle climate change, to limit warming to 1.5 degree Celsius and avoid the most catastrophic impacts for people and nature. The corporate sector has a central role to play by rapidly reducing your emissions in line with climate science. Companies must work with your supply chain, customers, investors, regulators and civil society to take decisive actions for sustainability."

Mr Clement Chan, MH JP, Managing Director of Assurance, BDO in Hong Kong, said, "The BDO ESG Awards has entered its fourth year. We aim to continue encouraging listed companies to raise their awareness of social responsibility and sustainable development initiatives. 2022 is a challenging year, with each company needing to find ways to reinvent itself to maintain operations as the epidemic rages on. We are pleased to see many old friends, as well as some new faces, participating in this year's Awards, demonstrating their continuous efforts and outstanding achievements in ESG. As this year's Awards has adopted the theme of "Carbon Neutrality", we are also happy to see many companies showcasing their efforts to achieve net zero emissions through carbon reduction, in addition to incorporating this goal into their long-term business model. BDO as part of the Net Zero Financial Service Providers Alliance, has committed to supporting the goal of global net zero greenhouse gas emissions by 2050.

Mr Johnson Kong, Managing Director of Non-Assurance, BDO in Hong Kong, said, "We received nearly 90 nominations for this year's Awards. On behalf of BDO, I would like to express our sincere gratitude to the judges, media partners and supporting organisations for making this year's Awards possible. I would also like to thank all participating companies. We are excited to witness their achievements and continuous growth in the area of ESG. Affected by the pandemic, we have shifted the award presentation ceremony to an online mode for two consecutive years. We look forward to meeting you next year to share the joy and witness the achievements of the winning companies together." Going forward, we at BDO will continue to offer support to Hong Kong listed companies, help them raise ESG standards and performance and in turn promote the overall development of ESG in Hong Kong."

Mr Ricky Cheng, Director and Head of Risk Advisory, BDO in Hong Kong, said, "As a keen advocate for continuous enhancements in ESG, we are delighted to see more and more listed companies committing to raising the quality of ESG practices and disclosure. With the increasing standard of ESG reporting and the outstanding performance of the participating companies, competition was intense for this year's 'ESG Report of the Year Awards', making it extremely difficult for the judges to select the winners. We would like to thank the judges who have applied their expertise and experience in the judging process to ensure the Awards are credible and representative. To capitalise on this trend, BDO will spare no efforts to increase ESG engagement, thereby further strengthening Hong Kong's leading position as an International Financial Centre."

BDO ESG Awards 2022 Winners (listed in alphabetical order)

Best in ESG – Large Cap
CLP Holdings Limited (002.HK)
New World Development Company Limited (017.HK)
The Hong Kong and China Gas Company Limited (003.HK)

Best in ESG – Mid Cap
COSCO SHIPPING Ports Limited (1199.HK)
Kerry Properties Limited (683.HK)
Xinyi Energy Holdings Limited (3868.HK)

Best in ESG – Small Cap
China Everbright Greentech Limited (1257.HK)
Miramar Hotel and Investment Company Limited (071.HK)
Sunlight Real Estate Investment Trust (435.HK)

Best in ESG – GEM
Allied Sustainability and Environmental Consultants Group Limited (8320.HK)
Roma Group Limited (8072.HK)

Best in Reporting – Large Cap
CLP Holdings Limited (002.HK)
Lenovo Group Limited (992.HK)
New World Development Company Limited (017.HK)

Best in Reporting – Mid Cap
China Everbright Environment Group Limited (257.HK)
China Power International Development Limited (2380.HK)
Kerry Properties Limited (683.HK)

Best in Reporting – Small Cap
China Everbright Greentech Limited (1257.HK)
Miramar Hotel and Investment Company Limited (071.HK)
Tai Hing Group Holdings Limited (6811.HK)

Best in Reporting – GEM
Allied Sustainability and Environmental Consultants Group Limited (8320.HK)
Roma Group Limited (8072.HK)

ESG Report of the Year – Large Cap
CLP Holdings Limited (002.HK)

ESG Report of the Year – Mid Cap
Kerry Properties Limited (683.HK)

ESG Report of the Year – Small Cap
China Everbright Greentech Limited (1257.HK)

ESG Report of the Year – GEM
Allied Sustainability and Environmental Consultants Group Limited (8320.HK)

Theme Award
CLP Holdings Limited (002.HK)

About BDO
BDO's global organisation extends across 164 countries and territories, with more than 95,000 professionals working out of over 1,700 offices – and they're towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO in Hong Kong provides an extensive range of professional services including assurance services, business services and outsourcing, risk advisory services, specialist advisory services and tax services. For more details, visit www.bdo.com.hk.

Contacts:
BDO in Hong Kong
Sala Lo
Senior Marketing Manager, BDO
Hong Kong
Tel +852 2218 3042
Mobile +852 9613 5175
salalo@bdo.com.hk

Heidi Lau
Marketing Manager, BDO
Hong Kong
Tel +852 2218 2325
Mobile +852 9285 4151
heidilau@bdo.com.hk

Strategic Financial Relations Limited
Heidi So
Tel +852 2864 4826
heidi.so@sprg.com.hk

Margret Lam
Tel +852 2114 4956
margaret.lam@sprg.com.hk


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO

KUALA LUMPUR, May 17, 2022 – (ACN Newswire) – Yew Lee Pacific Group Berhad (YLPG), an established manufacturer principally involved in the manufacturing of industrial brushes as well as the trading of machinery parts and industrial hardware, launched the Company's prospectus today for an initial public offering (IPO) leading to a listing on the ACE Market of Bursa Malaysia Securities Berhad.


MR. LEE YOKE WAH, Associate Director of Corporate Finance, M&A Securities; MR. GARY TING, Head of Corporate Finance; MS. ANG POH YEE, Chief Operating Officer & Executive Director, YLPG; DATUK BILL TAN, Managing Director of Corporate Finance, M&A Securities; EN. MAHDZIR BIN OTHMAN, Independent Non-Executive Chairman, YLPG; MR. ANG LEE LEONG, Managing Director; MR. DANNY WONG, Deputy Head of Corporate Finance, M&A Securities; MR. KELVIN KHOO, Managing Director, Eco Asia Capital Advisory [L-R]


The Company's IPO involves the issue of 133.10 million new shares to be issued at RM0.28 sen per share and an offer for sale of 26.62 million existing shares by way of private placement to selected investors. The public issue shares will be made available for application in the following manner:

Public issue
– 26.62 million new shares made available for application to the Malaysian public
– 15.97 million new shares allocated for application by eligible directors and employees
– 23.96 million new shares by way of private placement to selected investors
– 66.55 million new shares by way of private placement to identified bumiputera investors approved by the Ministry of International Trade and Industry (MITI)

The IPO is expected to raise gross proceeds of RM37.27 million to be utilised in the following manner:

Utilisation of proceeds
– RM10.90 million for purchase of machinery and equipment
– RM7.30 million for construction of warehouse facility and office building
– RM1.80 million for renovation of office building
– RM8.90 million for repayment of bank borrowings
– RM4.57 million for working capital
– RM3.80 million for listing expenses

Managing Director of YLPG, Mr. Ang Lee Leong, said: "The launch of this Prospectus is an important milestone for us as it marks the fruits of our labour from when we first started operations in 2004. As an established producer of industrial brushes, we embarked on this IPO to raise funding for our growth plans and elevate our profile in the industry."

"To maintain sustainable growth and create long-term shareholder value, we have plans to expand manufacturing capacity and increase automation which the proceeds from the IPO enables us to implement. We are also constructing warehouse and office facilities as the current facilities are needed for the expansion of the Group's manufacturing activities and also to cater for future business growth."

YLPG produces industrial and technical brushes for various manufacturing industries including glove, industrial, electrical and electronic, industrial and commercial cleaning providers as well as glass and wood producers. For the financial year ended 31 December 2021 (FY2021), 76.8% of the Group's total revenue was mainly derived from Malaysia while the remaining 23.2% was derived from the overseas market primarily located in Thailand, Vietnam, Indonesia and Taiwan, representing approximately 7.0%, 5.8%, 3.3% and 5.8% respectively.

Deputy Head of Corporate Finance, M&A Securities Sdn Bhd, Mr. Danny Wong said: "The proceeds from the IPO will allow YLPG to increase its manufacturing capacity in order to support its expansion plans and capitalise on the post Covid demand recovery. As such, we are confident that Yew Lee's shares will be well received upon IPO."

M&A Securities is the Principal Adviser, Sponsor, Underwriter and Placement Agent for YLPG's IPO while Eco Asia Capital Advisory Sdn Bhd is the Financial Adviser.

Yew Lee Pacific Group Bhd: https://yewlee.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CNERGENZ Berhad IPO Shares Oversubscribed by 40.32 Times

KUALA LUMPUR, May 13, 2022 – (ACN Newswire) – CNERGENZ Berhad (CNERGENZ) is pleased to announce that the share allocation to the Malaysian public from its IPO has been oversubscribed by 40.32 times.


Chief Executive Officer & Executive Director of CNERGENZ Berhad, Mr. Lye Yhin Choy


CNERGENZ's IPO comprises a public issue of 100,000,000 new ordinary Shares which were made available for application in the following manner:

– 25,000,000 Issue Shares available for application by the Malaysian Public;
– 10,000,000 Issue Shares reserved for application by the eligible directors and employees as well as persons who have contributed to the success of the CNERGENZ group (Eligible Persons);
– 52,750,000 Issue Shares by way of private placement to identified institutional and/or selected investors; and
– 12,250,000 Issue Shares by way of private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (MITI);
and an offer for sale of 50,000,000 Offer Shares by way of private placement to identified Bumiputera investors approved by the MITI.

A total of 16,186 applications for 1,033,093,200 Issue Shares were received from the Malaysian Public, representing an oversubscription rate of 40.32 times. A total of 9,089 applications for 376,239,100 Issue Shares were received under the Bumiputera category, representing an oversubscription rate of 29.10 times, whilst a total of 7,097 applications for 656,854,100 Issue Shares were received under the other Malaysian Public category, representing an oversubscription rate of 51.55 times.

Meanwhile, the total of 10,000,000 Issue Shares available for application by the Eligible Persons were fully subscribed.

Chief Executive Officer of CNERGENZ Berhad, Mr. Lye Yhin Choy, said, "We would like to thank investors for putting their trust in us. We are extremely pleased with the reception to our IPO as it shows deep investor confidence in our business, our solutions capabilities, and the overall optimism and positive outlook of the electronics and semiconductor industry."

Chief Executive Officer of UOB Kay Hian Securities (M) Sdn. Bhd., Mr. David Lim said, "The response to CNERGENZ's IPO is a reflection of investors' appetite for businesses with fundamentally strong prospects and solid growth plans. The Company is well-positioned to leverage on the continued growth and investment in the electronics and semiconductor industries in Malaysia, Vietnam and Thailand.

UOB Kay Hian, being the Principal Adviser, Sponsor, Underwriter and Placement Agent in conjunction with the IPO, has confirmed that the 52,750,000 Issue Shares by way of private placement to identified institutional and/or selected investors have been fully placed out.

The Company is expected to list on the ACE Market of Bursa Securities on 24 May 2022.

About CNERGENZ Berhad

CNERGENZ Berhad was incorporated in Malaysia on 6 August 2021 as a private limited company under the name CNERGENZ Sdn. Bhd. and assumed its present name upon conversion to public company on 23 September 2021.

The Group is principally an investment holding company. Through its subsidiary, SiP Technology Sdn. Bhd., CNERGENZ is an electronic manufacturing solutions provider, specialising in surface mount technology (SMT) manufacturing solutions for the electronics and semiconductor industries (E&S Industries). The Group's solutions and services are typically provided to customers who are looking to commission new integrated production lines or automate their production facilities, based on their operational requirements, budget and capital expenditure.

CNERGENZ mainly serves electronics and semiconductor companies that carry out the assembly of the advanced semiconductor packaging products as well as assembly and testing of printed circuit board assembly (PCBAs). For more information, visit cnergenz.com.

For more information, please contact:
Hakim Syed Munif
Swan Consultancy Sdn Bhd
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Q&M Dental net profit, excluding other gains or losses, increased by 25% to S$7.2 million on S$46.8 million of revenue for quarter ended 31 March 2022

SINGAPORE, May 12, 2022 – (ACN Newswire) – Q&M Dental Group (Singapore) Limited, a leading private dental healthcare group in Asia, reported net profit excluding other gains or losses attributable to shareholders of S$7.2 million for the quarter ended 31 March 2022 (1Q2022) compared to S$5.8 million in the corresponding period (1Q2021).



Dr Ng Chin Siau, Chief Executive Officer of Q&M Dental said, "We are heartened by our continuous strong performance in 1Q2022 following a record-setting year FY2021. Our core dental business will remain strong, and with the abolishing of most of the pandemic restrictions, a positive impact on the economy, we are looking forward to resuming our growth trajectory of expanding our network of clinics in the coming quarters."

Growth & Expansion in Operations

As at 31 March 2022, the Group's number of dental outlets in Singapore has grown to 99, from 85 as at 31 March 2021. Similarly in Malaysia, the number of dental outlets has increased to 41, as compared to 36 previously.

The Group also continues to focus on its expansion into medical diagnostics, with its associated Company, Aoxin Q&M Dental Group Limited and through its recent acquisition of 49% shareholding of Acumen Diagnostics Pte. Ltd., raising Q&M's effective interest in Acumen Diagnostics from 51% to 67%. In the near term, Acumen Diagnostics' clinical testing laboratory will roll out its pipeline of new tests, including PCR assays for dengue, sepsis and, identification of bacterial pathogens and their associated antibiotics resistance in pneumonia and bloodstream infections. Its longer-term plans include the development of new vaccines.

For 1Q2022, revenue contribution from dental and medical clinics was relatively unchanged with a marginal decrease of 2% to S$38.6 million, despite the challenges of the tightening of Safe Management Measures (SMM) due to the rapid spread of the Omicron variant. Revenue contribution from medical laboratory and dental equipment & supplies segment surged by 80% to S$8.2 million on the back of increased revenue from Covid-19 testing from Acumen Diagnostics, the Group's medical laboratory business, which obtained its medical laboratory license in September 2020.

The Group's net profit after tax excluding other gains or losses for 1Q2022 increased by 25% to S$7.2 million, from S$5.8 million in the corresponding period last year, translating to an earnings per share of 0.69 Singapore cent.

As at 31 March 2022, the Group had cash and cash equivalents of S$43.5 million with net assets of S$94.9 million. This translates to Net Asset Value per share of 10.10 cents per share.

Outlook & Further Expansion Plans

With the opening up of the Singapore economy gathering pace in 2022, the country expects to see businesses ramping up in most sectors with those that were most severely affected by the pandemic like F&B, tourism to especially benefit. The government is forecasting GDP growth of between 3.0 to 5.0% in 2022, Barring any major changes in the global macroeconomic and political situation or any new adverse developments in the evolving Covid-19 situation, the Group is cautiously optimistic on its business outlook.
The Group intends to continue executing the business plans outlined below:

– Expansion of network of dental clinics in Singapore and Malaysia

The Group currently operates 99 clinics in Singapore. With the economy opening up in 2022, the Group will also intensively increase its reach through organic growth of its dental clinic network in Singapore. This will be supported by an expansion of its team of dentists to undergird the future growth of its operations in Singapore. We will continue to develop, invest and optimise our digital Artificial Intelligence (AI) guided clinical decision support system to provide the most effective and suitable treatment plans for patients. The Group believes it is well-positioned to cater to the rising demand for primary and high-value specialist dental healthcare services of its patients.

Currently, the Group operates 41 clinics in Malaysia. The clinics are located in Johor (16 dental clinics), Kuala Lumpur (9 dental clinics), Selangor (11 dental clinics), Melaka (4 dental clinics) and 1 dental clinic in Negeri Sembilan.

The Group intends to open at least 30 dental clinics a year from 2021 onwards in Singapore and Malaysia for the next 10 years. The eventual number of dental outlets will depend on available opportunities, pertinent market conditions and the evolving Covid-19 situation.

– Expansion into private dental healthcare market in the People's Republic of China ("PRC")

The main thrust of the Group's proposed expansion in PRC is through organic growth to develop a new and sustainable growth pillar that can yield long term value for the Group.

– Expansion in Southeast Asia

The Group is continuously looking out for strategic opportunities to expand its dental business and regional footprint to other Southeast Asian countries.

– Medical Laboratory

The Group will focus on rolling out its clinical testing laboratory pipeline of new tests including PCR assays for dengue sepsis and identification of bacterial pathogens and their associated antibiotics resistance in pneumonia and bloodstream infections.

Please see links for PDF documents from SGXNET.
Results: https://tinyurl.com/QnM-1Q2022-Result
Press Release: https://tinyurl.com/QnM-1Q-2022-Release

About Q&M Dental Group (Singapore) Limited (QC7.SI)

Q&M Dental Group (Singapore) Limited (QC7.SI) ("Q&M" or together with its subsidiaries, the "Group") is a leading private dental healthcare group in Asia.

The Group owns the largest network of private dental outlets in Singapore, operating 99 dental outlets across the country. Underpinned by about 290 experienced dentists and over 350 supporting staff, the Group sees an average of 40,000 patient visits a month in Singapore. The Group also operates 5 medical clinics and a dental supplies and equipment distribution company.

Outside of Singapore, the Group has 41 dental clinics and a dental supplies and equipment distribution company in Malaysia, as well as a dental clinic in the People's Republic of China ("PRC"). Q&M is also the substantial shareholder of Aoxin Q&M Dental Group Limited, a dental Group listed on the Catalist board of the Singapore Exchange that operates dental clinics and hospitals primarily in the north- eastern region of the PRC. The Group aims to expand its operations geographically and vertically through the value chain in Malaysia, the PRC and within the ASEAN region.

The Q&M College of Dentistry was established in 2019 to offer postgraduate dental education as part of its commitment to continual education and professional development of dentists. It offers Singapore's first private postgraduate diploma programme in clinical dentistry.

In 2020, the Group expanded into the medical laboratories and research industry with the strategic investment into Acumen Diagnostics Pte. Ltd. ("Acumen"). Acumen currently focuses on the manufacture, sale and distribution of COVID-19 diagnostic test kits, as well as COVID-19 testing. It is also working to roll out a pipeline of new tests, including PCR assays for dengue, sepsis and, identification of bacterial pathogens and their associated antibiotics resistance in pneumonia and bloodstream infections.

EM2AI Pte Ltd, a wholly-owned subsidiary of the Group that focuses on developing AI-powered solutions to diagnosis and treatment planning has rolled out IDMS, enabling dentists within the Group's network to administer ethical treatment plans for patients.

The Group was listed on the Mainboard of the Singapore Exchange Securities Trading Limited ("SGX- ST") on 26 November 2009. For more information on the Group, please visit www.QandMDental.com.sg

For more information, please contact:
Waterbrooks Consultants Pte Ltd
Wayne Koo
Tel: +65 9338-8166
Email: wayne.koo@waterbrooks.com.sg

Derek Yeo
Tel: +65 9791-4707
Email: derek@waterbrooks.com.sg

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Mitrade wins two esteemed awards at Forex Broker Award 2022

MELBOURNE, May 12, 2022 – (ACN Newswire) – Australian Forex and OTC derivatives trading broker Mitrade has received two esteemed awards by FxDailyInfo at the Forex Broker Award 2022.


Mitrade wins two esteemed awards at Forex Broker Award 2022


Mitrade has been crowned the Most Innovative Broker 2022 and the Best Trading Platform 2022. The awards are given by FxDailyInfo, which rewards Forex brokers for consistent innovation and intuitive trading platforms. To declare winners, FxDailyInfo also takes into account several key factors including ground-breaking technology, cross-platform compatibility, responsive customer service, risk management, and fast growth.

"We are profoundly humbled to receive these distinguished awards. We take this double win as a recognition of our hard work and commitment to make trading easy for all. This milestone is an inspirational motivation for our team, that we are on the right track. This achievement has encouraged our team to bring even more innovation to our trading system and make Mitrade a leading Forex trading platform. Our team strives to make our trading platform more intuitive in the future," said a representative of Mitrade.

Mitrade went through a massive structural overhaul of its team and resources in 2019. It introduced a proprietary web trading platform, which immediately started gaining worldwide attention and engagement due to its simple user interface and smooth function. Later on, the innovative WebTrader was complemented by mobile apps for Google Play and iOS. The mobile apps brought cross-platform compatibility to Mitrade, making trading on the go possible for everyone.

Earlier this year, Mitrade also bagged four 2022 awards from International Business Magazine — Most Trusted Broker Asia, Best Forex Educational Resources Global, Most Transparent Forex Broker Global and Best Trading Platform Australia.

Continuing its innovation streak, Mitrade has recently upgraded its mobile app with cutting edge features. The app now comes with a built-in economic event calendar that lets traders forecast market trends and craft a winning trading strategy ahead of potential market movements. The mobile app also has a tiered trading educational portal, which guides both beginners and experts.

This innovative spirit has won Mitrade many prestigious awards and added to its immense popularity among the global trading community. Mitrade's evolving technology, dynamic research tools, and instant-response 24/7 customer service fueled its growth to over 1,100,000 customers in a short span of three years. The Mitrade app on Google Play has surpassed 1 million downloads.

In addition, Mitrade has also won the Most Innovative Forex Fintech Broker 2021 by Global Brands Magazine and Best Mobile Trading Platform 2020 by Forex Awards. More information can be found at www.mitrade.com/about-us/awards.

For media inquiries, please contact Ms Belle Toh at belle.toh@mitrade.com.

About Mitrade
Mitrade is an innovative financial technology group and Forex trading leader. It operates under strict regulations by the Mauritius Financial Services Commission (FSC), Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). Mitrade was founded by technology experts and finance veterans who had a mission to simplify trading through consistent innovation. With its self-developed proprietary trading platform, Mitrade is pursuing its mission to provide simplified trading to all. Explore Mitrade at www.mitrade.com.

Mitrade's OTC derivatives trading contains leverage which can cause the loss of your entire capital.


Source: Mitrade Holding Ltd

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 7th edition of World CX Summit shed light on the need to accelerate the adoption of CX in India

New Delhi, India, May 9, 2022 – (ACN Newswire) – India played host to one of the most content-rich conference on Customer Experience that took place at Taj Lands End in Mumbai on 27 April 2022. Hosted by Trescon, World CX Summit convened over 200 participants that included major stakeholders of India's CX ecosystem, including top CX solution providers. The Summit featured leading CX organizations such as Ozonetel Communications, Gupshup, Tata Communications, Infobip and other leading solution providers to discuss India's CX prospects, and the ever changing CX landscape.



The summit included a glittering awards ceremony for honoring the 'Top 100 CX leaders' in India with 'World CX Awards'. The event also held exciting contests and received overwhelming response from participants. 10 lucky winners were announced.

The event focused on topics such as Digital Transformation with Customer-First Thinking; Customer Data: Designing for Transparency & Trust; CX Strategies for a Touchless World; Adopting Digital Omnichannel; Future of Chatbots & Virtual Assistants; Rise of the Flexible Workforce; Role of Cybersecurity in Building Customer Trust and much more.

The event witnessed a panel discussion on 'Harmonizing Humans and Automation to Improve CX'. The speakers on the panel included Dharmender Narang, SVP- Chief CXO, IIFL Securities; Hari Shankar Mishra, SVP – CX, Future Generali India Insurance Company Limited; Nitin Jain, Head of CX (CS&L and Sales) for India & Middle East and Africa, Mondelēz International and the panel was moderated by Sujay Kalaria, VP – Digital Strategy, Transformation & Digital Business Build, Bajaj Auto Limited.

Chaitanya Chokkareddy, CIO at Ozonetel Communications Pvt. Ltd, spoke at length on topic, 'Innovations driving the contact center of the future'. In his tech talk he shared insights on topics like the role of AI contact centers in unifying interactions and much more. He was found quoting, "It is important to remember that it's the people that come first, technology will be there to help people deliver customer experience. But it should not be that technology drives people."

Ninad Takpere, VP – Sales at Gupshup shared his insights as to how CX can be future-proofed with Conversational Engagement. He was quoted saying, "Messaging apps are where the customers are and brands are required to be on these apps to make sure that they are providing the right kind of experience across brands within all the possible journeys which are required to be met."

Nishant Shrivastava, Global Head – Centre of Excellence for Unified Communications and Collaborations at Tata Communications Ltd, shared insights from his tech talk session on "Elevating CX through Technology". He mentioned that, "Cloud contact center is being adopted in India while traditionally India has been a regulated market wherein we see a lot of on-prem deployment of contact centers, but slowly that is changing thanks to the pandemic, people don't want any dependency."

Pooja Makhija, Executive Director & Co-Founder at Phonon Communications Pvt Ltd. Spoke at length on topic "Get Set Go with Digital Contact Center", She was quoted saying, "Curate a solution tied with technology in context with what the customer wants and not how we would want it or not how it would look fancy to us."

UserTesting conducted an executive roundtable discussion which was Co-Moderated by Mayank Sharma, Regional Director – Emerging Markets; UserTesting and by KV Dipu, Senior President – Head Operations and Customer Service, Bajaj Allianz General Insurance Company, on "Who owns CX? Translating CX maturity into execution," where the core discussions were on topics like How are organisations measuring CX maturity?

– What are the gaps between perceived maturity and CX strategies?
– What are the benefits and pitfalls of an "everyone owns CX" mindset?

"CX & CEM has been one of the top business differentiators; especially after the global pandemic. We are happy to have hosted all these experts at our platform and look forward to having them again at our future initiatives. I would also like to congratulate all the top 100 CX leaders in India who won World CX Awards," stated Mithun Shetty, CEO, Trescon.

World CX Summit – India is officially sponsored by Lead Partner – Ozonetel Communications; Platinum Partners – Gupshup, TATA Communications, Infobip; Gold Partners – UserTesting; Freshworks; Silver Partner – Phonon Communications; Premier Bronze Partner – Avaya; Bronze Partner – Haptik, NeoSOFT Tech, Yellow.ai.

About Trescon

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialised in producing highly focused B2B events that connect businesses with opportunities through conferences, road shows, expos, demand generation, investor connect and consulting services.

About World CX Summit

World CX Summit is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world. As a part of the global series, the Indian edition will be gathering pre-qualified CX leaders 'all under one roof' to discuss how the latest CX technologies and customer insights can be combined to transform CX with a new approach.

The summit will also host a combination of insightful sessions, keynotes, case studies and panel discussions sure to deliver actionable insights that attendees can apply to their Customer Experience strategies.

For further details about the announcement, please contact:
Monith Shetty
Media, PR & Corporate Communications
+91 81059 75937
media@tresconglobal.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CNERGENZ Berhad launches Prospectus for ACE Market IPO

KUALA LUMPUR, Apr 29, 2022 – (ACN Newswire) – Cnergenz Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has launched the Company's Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).


Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd; Mr. Kong Chia Liang, Chief Operating Officer & Executive Director of CNERGENZ Berhad; Dato' Azman bin Mahmud, Independent Non-Executive Chairman of CNERGENZ Berhad; Mr. Lye Yhin Choy, Chief Executive Officer & Executive Director of CNERGENZ Berhad; Mr. Lye Thim Loong, Chief Corporate Officer & Executive Director of CNERGENZ Berhad [L-R]


Applications for the IPO have opened starting at 10.00 a.m. today following the Prospectus launch and will close on 11 May 2022. The targeted IPO listing date of the Company on the ACE Market is on 24 May 2022. At the IPO price of RM0.58 per share, CNERGENZ will have a market capitalisation of RM288.84 million ahead of its debut.

The IPO involves the public issue of 100.0 million issue shares and an offer for sale of 50.0 million offer shares by way of private placement at the IPO price of RM0.58 per share. From the public issue, 25.0 million issue shares will be made available for application to the Malaysian public, 10.0 million shares will be allocated for application by eligible directors and employees as well as persons who have contributed to the success of CNERGENZ Group, 52.75 million shares will be reserved for private placement to identified investors and 12.25 million shares will be reserved for private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (MITI).

The IPO is expected to raise gross proceeds of RM58.0 million and shall primarily be channelled towards the Group's expansion of its operational facility, as well as research and development expenditure and working capital purposes.

CNERGENZ is an established electronics manufacturing solutions provider specialising in surface mount technology (SMT) catering to the electronics and semiconductor industries (E&S Industries) in Malaysia, Thailand and Vietnam. The Group has an established track record in providing integrated solutions that suit the evolving nature and changing technological landscape of the E&S Industries since the commencement of its business in 2004.

Chief Executive Officer of CNERGENZ Berhad, Mr. Lye Yhin Choy, said, "We are elated to have reached a new milestone with the Prospectus launch today, bringing us a step closer towards becoming a listed entity on the ACE Market of Bursa Securities. Having been in the E&S space since 2004, our listing is in line with our growth plans and strategies to scale up our operations, expand our integrated solutions and smart factory solutions offerings and develop our own proprietary range of solutions."

Chief Executive Officer of UOB Kay Hian Securities (M) Sdn. Bhd. (UOB Kay Hian), Mr. David Lim said, "We are pleased that the interest among institutional and selected investors, as well as MITI Bumiputera institutional and individual investors have been encouraging with many indicating strong interest to subscribe for the IPO."

UOB Kay Hian is the principal adviser, sponsor, underwriter, and placement agent for CNERGENZ's IPO.

CNERGENZ Bhd: https://cnergenz.com
CNERGENZ Bhd: [BURSA: CNERGENZ]

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Propel Global Berhad Confident of Expansion Plans on New Structure and Fresh Cash Injection

KUALA LUMPUR, Apr 27, 2022 – (ACN Newswire) – Propel Global Berhad is confident that the new corporate structure as well as the cash reserve resulting from a regularisation plan that will see it take over the listing status of Daya Materials Berhad on 28 April 2022 will support expansion plans for both the oil and gas (O&G) and building technical services businesses that the Group is acquiring from Daya Materials.


Ms. Angeline Lee, Group Chief Executive Officer of Propel Global


The Group will trade under the stock name PGB and stock code 0091 from 28 April 2022 on the Main Market of Bursa Securities Malaysia Berhad. The listing of Propel Global follows the approval by shareholders at an extraordinary general meeting (EGM) on 21 January 2022 of a regularisation plan for Daya Materials that had been proposed on 31 December 2020.

Ms. Angeline Lee, Group Chief Executive Officer of Propel Global said, "We would like to thank stakeholders for keeping the faith with us on the corporate exercises that will conclude with the listing of Propel Global. We have seen the private placement representing 41% of our outstanding shares fully taken up by prominent investors and industry veterans. As a result of the funding from the private placement, Propel Global has a healthy cash balance and minimal debt as the gearing ratio has been reduced to 0.6 times."

"The Group is actively exploring opportunities in the O&G industry especially in Sabah and Sarawak. High crude oil prices will encourage more investments into the industry, especially from oil majors. The country's borders reopening will spur business activities and therefore demand for oil and gas."

According to the US Energy Information Administration's recent Short-Term Energy Outlook, international crude oil benchmark Brent is expected to trade at an average US$108 a barrel in the second quarter of this year and US$102 a barrel on average in the second half of 2022.

"We will continue to concentrate on expanding our existing well intervention and pipe recovery business by training our field engineers to deliver a wider range of downhole well technology solutions for our clients. Over the mid-term, we are looking to venture into the wireline business as this will make us more competitive in the plug and abandonment as well as the decommissioning programmes for both downstream and upstream facilities."

"We also see more opportunities opening up for the building technical services business as foreign multinational companies (MNCs) investing in Malaysia set up their plants and facilities. We intend to leverage on the synergy from our construction and project management technical services as well as heating, ventilation and air conditioning operation and maintenance services to grow the building technical services business."

Propel Global also has mid-to-long-term plans to venture into sustainable development and digital technology as part of the Group's transition to a zero-carbon business focus that includes renewable energy and electrification.

About Propel Global Berhad

Propel Global Berhad is the listing vehicle that will take over the listing of Daya Materials Berhad on 28 April 2022. As part of the Group's listing, Propel Global will acquire Daya Materials' oil and gas ("O&G") and building technical services assets. These O&G assets include services in pipe recovery for drilling operations, downhole data logging and processing as well as chemical blending and supply for both downstream and upstream operations. The building technical services business provides design, engineering, construction, project management and maintenance & management of commercial and industrial buildings and facilities on a single-source platform to a wide range of industrial clients.

For more information, please contact:
Hakim Syed Munif
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AFMG appoints Mr. Wilfried Porth as a non-executive director

HONG KONG, Apr 26, 2022 – (ACN Newswire) – Apollo Future Mobility Group Limited ("AFMG", the "Company", HKEX stock code: 860, together with subsidiaries, the "Group") announces the appointment of Mr. Wilfried Porth, who had been a member of the Board of Management of Daimler AG ("Mercedes-Benz") from 2009 to 2021, as a non-executive director with effect from 1 May 2022. Having served in various positions and different markets in the automotive industry for over 36 years, Mr. Porth will bring to the Group invaluable experience and industry insights.

Mr. Porth has extensive international management experience in Europe, Asia, the Americas and Africa, with wide-ranging functional expertise in production, research and development, sales and human resources. During his celebrated career at Mercedes-Benz, Mr. Porth held numerous senior executive positions, which include serving as Head of Mercedes-Benz Vans, Executive Vice President of Mercedes-Benz Transporter, and Chief Executive Officer of Mitsubishi Fuso Truck & Bus Corporation. Mr. Porth has also been a member of the boards of various corporations, organizations and foundations. Mr. Porth obtained a Diplom-Ingenieur degree in Studies of Mechanical Engineering from the University of Stuttgart.

Mr. Ho King Fung Eric, Chairman of AFMG, comments, "We are extremely delighted to have Mr. Porth join our Board. Mr. Porth will provide AFMG expert advice from the perspective of operating a world-leading automotive enterprise. This will help AFMG's next stage of development as the Group shifts its focus to new energy vehicles and future mobility."

About Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited (HKEX stock code: 860) is a leading integrated mobility technology solution provider. It is building a world-leading one-stop platform for "future mobility" through the integration of advanced proprietary technologies. The Group is focused on three pillars, namely Automobile Manufacturing, Engineering Services Outsourcing (ESO) and Technology Development. In addition to the development and sales of hypercars and premium electric vehicles, the Group provides the global mobility market with comprehensive solutions. The Group's subsidiaries include Apollo Automobil, Ideenion Automobil AG, and GLM Co. Ltd. In addition, the Group has also expanded its mobility technology offerings by investing in Divergent Technologies Inc., an innovative and comprehensive 3D printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider. For more details, please visit https://apollofmg.com/


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com