Mercury Securities Introduces Mercury Gold

KUALA LUMPUR, Feb 19, 2024 – (ACN Newswire) – Bursa Malaysia listed Mercury Securities Group Berhad (“Mercury Securities” or “Company”; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.

Mercury Gold offers physical bullion for purchase as well as Mercury Bullion Savings, a program where customers can buy, sell and accumulate bullion by the gram. With live pricing, a transparent fee structure, and a user-friendly interface, gold and silver investment has never been easier.

The management team of Mercury Securities said, “In the past few years, we have seen gold prices rise as more people look to gold as a safe haven and tangible store of value in uncertain times. As demand increases, we want to provide Malaysians with a transparent and secure platform to buy, sell and save precious metals to diversify their investments. The flexibility to invest in physical bullion or in Mercury Bullion Savings, accumulating grams of gold or silver over time, will allow everyone to participate in this thriving market.”

Mercury Gold Bullion

Mercury Gold’s bullion is sourced from renowned global mints PAMP Suisse and other sovereign mints from the United States, Canada and Australia. All are certified by the London Bullion Market Association (LBMA), the global authority for precious metals. Individual bullion bars in various sizes and government-minted legal tender coins are available for sale.

Mercury Bullion Savings Program (MBS)

In addition, Mercury Gold is proud to introduce Mercury Bullion Savings (MBS) Program, which is an easy, safe and cost-effective way to invest and own gold and silver bullion. Via MBS, customers may buy as little as RM50 of gold per transaction, and all customer holdings are fully backed by physical bullion. Savers in the program can sell their bullion holdings at any time or convert their holdings into LBMA-certified gold or silver bars with zero conversion fees, upon reaching a savings threshold.

To learn more about Mercury Gold and open an account, go to: Mercury Gold. Follow Mercury Gold on social media: Instagram, Facebook and TikTok.

Doubleview Drilling Continues to Extend the “Gold Rich Zone” Within the South Lisle Zone

Vancouver, British Columbia–(ACN Newswire – February 12, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce analyses from three Hat Property drill holes. The Hat Porphyry project is located in the Stikine mining district of northwestern British Columbia, Canada and contains several of North American critical metals including Copper, Cobalt and Scandium. The 2023 program of drilling explored and confirmed southern and southwestern continuations of the Lisle zone of porphyry-style mineralization and showed strong metal values and broad dimensions, as well as a previously unrevealed area of high gold and cobalt values. Assay data from an additional five drill holes will be released as soon as it has been confirmed.

Drill hole H064:

213.7 meters 0.21g/t Au (1.05% Cu Eq) from near surface intercept, And
2.0 meters 2.85g/t Au, 254 g/t Co, and 1.38% Cu intercept

Drill hole H065:

195 meters 0.20g/t Au (1.01% Cu Eq) from near surface
- And includes 64 meters 0.32g/t Au and %0.21 Cu (1.33% Cu Eq)

Or,

104.4 meters Au at 0.25 g/t Au and 0.19%Cu (1.11% Cu Eq)
- And includes 18 meters near surface 0.95g/t Au and 0.57% Cu (2.3% Cu Eq)

Drill hole H066:

18 meters 2.03% Cu, 0.16 g/t Au and 389.7g/t Co (2.53% Cu Eq)
97 meters 0.44% Cu, 0.13 g/t Au and 159.5g/t Co (1.05% Cu Eq)

Table 1. includes significant assay intercepts – DH H-064, H-065 and H-066.

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	Cu Eq (%) incl Sc₂O₃
H064	12.0	450.0	438.0	0.17	0.12	64.2	0.05	33.1	0.93
Incl.	12.0	375.0	363.0	0.19	0.14	6.9	0.05	32.8	0.95
Incl.	43.5	257.2	213.7	0.25	0.21	7.5	0.07	34.6	1.05
Incl.	43.5	205.5	162.0	0.26	0.25	78.3	0.07	37.2	1.14
Incl.	43.5	99.0	55.5	0.52	0.46	8.8	0.14	42.3	1.45
Incl.	55.0	99.0	44.0	0.55	0.46	97.4	0.16	43.5	1.50
Incl.	97.0	99.0	2.0	4.14	2.85	584.5	1.38	40.4	4.17
Incl.	252.0	257.2	5.2	0.78	0.29	11.7	0.25	20.7	0.94
H065	6.0	414.0	408.0	0.31	0.12	55.2	0.08	26.6	0.80
Incl.	6.0	225.0	219.0	0.51	0.19	65.4	0.12	30.7	0.98
or	24.0	219.0	195.0	0.55	0.20	67.0	0.13	30.8	1.01
Incl.	24.0	88.0	64.0	1.01	0.32	60.3	0.21	38.9	1.33
Incl.	54.0	158.4	104.4	0.84	0.25	64.6	0.19	31.9	1.11
Incl.	54.0	72.0	18.0	2.93	0.95	91.8	0.57	38.0	2.03
H066	9.0	595.0	586.0	0.34	0.07	77.0	0.11	30.0	0.90
Incl.	96.0	110.0	14.0	0.45	0.25	128.8	0.12	35.0	1.15
Incl.	314.0	510.0	196.0	0.70	0.07	109.6	0.23	25.7	0.91
Incl.	407.0	504.0	97.0	1.32	0.11	159.5	0.44	22.3	1.05
Incl.	408.0	485.0	77.0	1.53	0.13	174.3	0.53	21.5	1.13
Incl.	468.0	486.0	18.0	5.97	0.16	389.7	2.03	21.2	2.53
Notes: – Metal equivalents should not be relied upon for future evaluations. – Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths. *Copper Equivalent (CuEq%) is estimated using the following metal values and equations: – CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462) – Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g – Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Mr. Shirvani, President and CEO of Doubleview, commented: “These latest drill holes confirm the very impressive dimensions of the Hat deposit and the persistent strong values in copper, gold, cobalt, silver and scandium, all of which are important in the global effort to identify and produce metals vital to new and developing technologies to supplement or replace traditional energy sources.”

Figures 1 illustrates vertical projections of drill holes H064 to H066.

Figure 1. Vertical Section along the drill holes

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/197580_eeefadc9c4588b3e_001full.jpg

Figure 2. Drill Plan

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/197580_eeefadc9c4588b3e_002full.jpg

Table 2. Drill Hole Data

Drill Hole ID	UTM – East	UTM – North	Elevation	Max-Depth	Azimuth	Dip	Area
H064	347,866	6,453,619	938.8	453	135	-60	Lisle South
H065	347,866	6,453,619	938.8	414	225	-60	Lisle South
H066	347,866	6,453,619	938.8	621	280	-70	Lisle South

Scandium:

Scandium is one of the rarest critical metals group deemed “critical metals” by the Canadian and American federal governments.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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Midea Group Empowers To B Transition with Technology, with both Offensive and Defensive Strategies

HONG KONG, Feb 5, 2024 – (ACN Newswire) – According to Bloomberg Terminal, since the beginning of the year, the capital market of both China and Hong Kong have entered a period of adjustment, with the Shanghai Composite Index falling to 2,724.16 points and the Hang Seng Index falling below 15,000 points. While by comparison, the home appliance sector has outperformed the overall market, leading to an upward trend in the heavy allocation of public funds each quarter. In particular, the white goods sector has seen increases in holdings for four consecutive quarters, while the share price of the leading company Midea Group (000333.SH) has proved resilient.

In fact, since early December last year, Midea Group’s share price has started a new round of rise, as of the close of trading on 23 January, it has accumulated a 17.31% increase from the previous low point, ranking among the top in the sector. In late October 2023, the Company submitted an application for listing in Hong Kong. In the A1 prospectus, Midea Group positioned itself as a “leading global technology company”.

In the past few years of development, Midea Group has adopted a new strategy of transition to To B business by consolidating the foundation of its To C business, and continued to promote the upgrading of business through strategic innovation and technology enhancement. Therefore, what kind of value orientation can we extract from it?

Accelerating the Development of To B Business by Following the General Trend

From the perspective of the life cycle of the industry, the traditional home appliance industry has undoubtedly stepped into the maturity period, and the market is gradually being stabilized, becoming a stock market.

Throughout the development of human society, technology has become the most powerful engine to change the world. Standing on the node of the fifth technological revolution, digital transformation has become the preferred choice of many home appliance enterprises. At the same time, under the context of the “dual carbon” goals, it is also the general trend to actively develop new energy industry and promote green and low-carbon development.

Therefore, Midea Group has resolutely chosen to develop the To B business while adhering to its To C business with a focus on smart home business. Driven by technology, the To C business serves as the “trunk”, which is the base camp where the foundation is located, forming a “defending” position and reinforcing its own moat wall; while the To B business serves as the “branch”, which opens up a breakthrough in the incremental market with unlimited room for imagination, and can be fully developed in order to occupy the commanding heights of industry competition.

Midea Group’s To B business is focused on providing commercial and industrial solutions in four segments, including energy solutions and industrial technology, intelligent building technology, robotics and automation, and innovative businesses. In terms of the timeline of the transition to To B, a multi-line parallel strategy has been adopted.

Back in 2017, Midea Group entered the robotics and automation market through the acquisition of KUKA Group of Germany, which promoted the prelude to our To B transition. In 2020, Midea Group acquired Winone, a manufacturer of freight elevators, which enriched the intelligent building technology product offerings. In 2021, Midea Group completed the acquisition of Wandong Medical and entered the medical imaging market. Later in 2020 and 2023, Midea Group expanded into the energy storage solution business through the successive acquisitions of new energy companies Hiconics and Clou Electronics.

In addition to external acquisitions, in-house incubation is also a major means for Midea Group to develop its To B business. For example, in terms of innovative businesses, focusing on the supply chain and digitalized operations, Midea Group have established high-tech enterprises such as Annto Smart Logistics, Midea Cloud and Midea Lighting.

By combining in-house incubation and external acquisitions, Midea Group has gradually improved the layout of its To B business. In essence, the To B business is an extension of the To C main business, rather than an entirely new replacement. Only with the in-depth development of the core business of smart home business, can commercial and industrial solutions flourish. The two support each other, achieving coordinated development, and closely aligning with the trends of the times, such as digital transformation and new energy development.

For example, the energy solutions and industrial technology business relies on Midea Group’s decades of experience in home appliances and commercial air conditioners. In particular, the residential air conditioning compressor business, which commands over 40% of the global market share, is a typical example of the combination of white goods and new energy. The intelligent building technology business is expanding on the basis of existing products such as commercial air conditioners, elevators, building energy management and building control software.

As the saying goes, things without a foundation will not have long-term development. Midea Group’s To B business complements its To C business and continues to increase the value through its strong technological strength. Revenue from the B-end business is also constantly increasing, making it the second-largest source of growth in results.

Developing Scale Advantages and Continuously Increasing Investment in R&D

R&D, the lifeblood of a technology-based enterprise.

Generally speaking, it is ideal for large enterprises to invest more than 3% of their total annual revenue in R&D. Midea Group has maintained a high level of investment in R&D and talents. From 2020 to 2022, the proportion of R&D expenditure remained at 3.5% and above. In 2022, the Company’s R&D investment exceeded RMB12 billion, with a total R&D expenditure of over RMB50 billion in the past five years. Based on this trend, the R&D investment is expected to exceed RMB13 billion in 2023.

IFI Claims recently released data on the global 250 patent holders, showing that as of 2 January 2024, Midea Group has 64,903 active patent assets worldwide, ranking third in China and eighth in the world, far ahead in the home appliance industry.

Currently, Midea Group has 31 R&D centers and 40 major manufacturing bases in more than 10 countries around the world, and has established a huge scale advantage through the “2+4+N” global R&D network. In terms of technology talents, the Company has more than 22,000 R&D employees, with more than 6,000 industry-leading talents, including doctoral and master’s degree holders, and has introduced more than 500 foreign senior experts. In addition, the Company has established a system of scientists, set up seven academician workstations (rooms), and introduced dozens of strategic cooperation academicians.

By following the trend, Midea Group, through its emphasis on research and development and forward-looking judgment of the development trend of the home appliance industry, has expanded its business from To C to To B, and accelerated its development by flexibly switching from defense to offense.

As the annual results disclosure period is approaching, it would be worthwhile to focus on the latest progress of Midea Group’s To B business and whether it can provide a sustainable source of momentum for the restoration of its valuation.

KJTS Appointed by CENTARA Thailand for Retrofit Works and Cooling Energy Management Services

KUALA LUMPUR, Feb 2, 2024 – (ACN Newswire) – KJTS Group Berhad (“KJTS” or the “Group”), a building support services provider in Malaysia, Thailand and Singapore, is pleased to announce that the Group’s subsidiary, KJTN Engineering Co., Ltd. (“KJTN Engineering”) has signed an Agreement with Central World Hotel Company Limited (“CENTARA”) for the works of retrofit, the provision of management, supervision, personnel, materials, equipment and supplies necessary to operate and maintain the chiller plant (“O&M services”) and the chilled water supply at Centara Grand Hotel at Central World in Bangkok, Thailand for a 15-years period.

Mr. Kitti Chungsawanant, Director of KJTN Engineering

CENTARA, a Thailand’s hospitality business entity and has been operational for over 19 years, is a part of the esteemed Central Group, one of Thailand’s largest private commercial conglomerates with more than 50 subsidiaries with diverse investments in various corporations domestically and internationally. Central Group’s business sectors include retail, property development, brand management, hospitality, food and beverage sectors, and digital lifestyle. This partnership underscores KJTN Engineering’s expertise and commitment to delivering innovative and eco-friendly solutions in the building support services industry.

Under the terms of the Agreement, KJTN Engineering shall finance the retrofit works and during the O&M services period charge a fixed fee of THB698,147 monthly which is equivalent to approximately RM93,155 and a variable fee monthly based on the chilled water supplied. The total fixed fee for 15 years will be THB125,666,460 which is equivalent to approximately RM16,767,927.

The retrofit works are expected to commence on 1st February 2024 and to be completed on 30th November 2024. The O&M services and chilled water supply will commence on 1st December 2024 and be completed on 30th November 2039. The ownership interest in the chiller plant will be transferred to the CENTARA at the end of the Agreement.

Director of KJTN Engineering Co., Ltd., Mr. Kitti Chungsawanant said, “This agreement with CENTARA symbolises our commitment to expand our business in Thailand as one of KJTS group’s core regional markets. It also marks the start of an important business relationship for the KJTS group with the Central Group and we are hopeful that KJTS group will be able to provide more building support services to the Central Group in the future.”

This venture is poised to bolster KJTS’s position in the market, reflecting the strategic focus on expanding the Group’s services and influence across Malaysia, Thailand and Singapore.

Bureau Expands Its Southeast Asia Presence with Expansion into the Philippines and Indonesia

MANILA, Feb 1, 2024 – (ACN Newswire) – Bureau, a global leader in identity decisioning and fraud prevention, today announced its strategic expansion into two key Southeast Asian markets: the Philippines and Indonesia. This move solidifies Bureau’s commitment to providing comprehensive and cutting-edge fraud and risk prevention solutions to digital-first businesses in the region.

With a rapidly growing digital economy and constantly evolving regulatory compliance, Southeast Asia presents both exciting opportunities and significant challenges for FinTechs and Digital Banks. Fraudulent activity threatens to undermine trust and stifle growth, making robust fraud prevention measures crucial.

Bureau’s diverse suite of solutions tackles this problem head-on, empowering FinTechs across the region to:

Prevent fraudulent users from entering their systems: Bureau maps digital personas, using user’s email, phone, and social profiles, to physical identities and analyzes behavioral activity to identify and remove suspicious users effectively, in real-time.

Guard against evolving fraud tactics: From device intelligence to device fingerprinting and behavioral biometrics, Bureau offers a comprehensive ML-based arsenal to combat synthetic frauds and money mules.

Gain actionable insights on New-to-Credit Borrowers: Tokenized risk scores and contextual analysis provide clear, actionable insights, to guide informed decision-making with the help of alternative risk intelligence signals.

Leverage a powerful Trust Network: Bureau’s unique network, built based on millions of processed data across regions, assesses risk based on connections between digital personas, physical identities, and behaviour patterns, offering a deep understanding of individual users.

“We understand the specific challenges faced by financial services in Southeast Asia,” says Ranjan R Reddy, CEO of Bureau. “Our targeted solutions are designed to address these challenges related to new-to-credit borrowers against money mules, social engineering, and account takeovers offering a tactical approach that solves real-world fraud problems for businesses of all sizes.”

“Southeast Asia presents a fertile ground for tech innovation in financial services,” states Preekshit Gupta, VP of SEA and MEA at Bureau. “With the ever-evolving nature of fraud, having a trusted partner like Bureau is crucial for FinTechs and Banks going digital, to protect their investments and maintain their customers’ trust. We are proud to be their go-to partner for achieving sustainable growth through effective fraud prevention.”

Bureau’s entry into these key SEA markets in the Digital Lending and Banking space underscores its commitment to building a robust regional presence and empowering businesses to navigate the growing complexities of the digital financial landscape.

About Bureau

Bureau is a modern no-code fraud detection, and identity decisioning platform. It delivers accurate conclusions about the trustworthiness of digital identities to prevent fraud and ease compliance, resulting in seamless digital journeys for legitimate customers. The single AI-architected platform provides banks, fintechs, gaming, and gig economy companies with a complete range of fraud, risk and compliance solutions in over 100 markets globally.

Backed by leading global investors, including Quona Capital, Village global, Commerce Ventures, Okta (Nasdaq) , and GMO Payments (Tokyo), Bureau is headquartered in San Francisco, with a global presence in India, Southeast Asia, and the Middle east. Learn more at https://www.bureau.id/.

This press release is issued through AsiaNewswire.net (www.asianewswire.net) a newswire service for Asia Pacific, South and Southeast Asia. The release is distributed by EmailWire (www.emailwire.com) the global newswire service that provides Press release distribution with guaranteed results.™

Media Contact:
Maruthi Kumar
maruthi@bureau.id

Hong Kong Capital Markets Forum 2024 “Driving Growth with Market Integrity and Sound Governance”

HONG KONG, Jan 31, 2024 – (ACN Newswire) – The inaugural Hong Kong Capital Markets Forum, jointly organised by The Chamber of Hong Kong Listed Companies (CHKLC), the Hong Kong Association of Registered Public Interest Entity Auditors Limited (PIEAA), and The Hong Kong Institute of Directors (HKIoD), was held yesterday, with the aim of upholding common goals and beliefs and collaboratively exploring the development path of Hong Kong’s capital markets.

Geopolitical tensions have brought more instability to the global economy, and the external environment faced by Hong Kong has become more complex. What is the outlook for Hong Kong’s capital markets under the new international situation? How should Hong Kong better attract domestic and foreign investors and explore innovative financial and business models, while consolidating the city’s unique advantages to meet challenges and seize opportunities? This forum focuses on various issues and emphasises that market integrity and sound governance are important cornerstones for the development of Hong Kong’s capital markets. The Forum invited a wide range of guest speakers and moderators, bringing together nearly 400 business elites and professionals to share their insights and efforts in addressing the challenges faced by Hong Kong, fostering a vibrant exchange of ideas.

Dr Kenneth Lam, Chairman of the Forum Organising Committee and Vice Chairman of The Chamber of Hong Kong Listed Companies, said, “CHKLC emphasises the long-term healthy growth and efficient operation of Hong Kong’s capital markets; PIEAA attaches great importance to the integrity and transparency of listed companies; and the HKIoD focuses on corporate governance and director professionalism. With this consensus, the three organisations have joined forces to initiate a representative and influential partnership, and have for the first time created a cross-sectoral communication platform that aims to integrate the professional knowledge and market practices of all parties to give impetus to the sustainable development of the capital markets.”

The guest of honour at the Forum was the Financial Secretary, Mr Paul Chan Mo-po GBM GBS MH JP. The Forum kicked off with a keynote speech entitled “2024 Economic and Capital Markets Outlook”. This was followed by in-depth panel discussions on two major topics: “Boosting Liquidity of Hong Kong Capital Markets” and “Enhancing the Role of Hong Kong as an International Asset Management Centre”. The final highlight of the Forum was a luncheon speech by Dr Carlson Tong GBS, JP, Chairman of the Task Force on Enhancing Stock Market Liquidity, entitled “Enhancing the Competitiveness and Attractiveness of Hong Kong as an IFC”, which brought the event to a successful close.

“By hosting this forum, the co-organisers hope to provide a communication and discussion platform for the industry to express opinions on market integrity, sound governance, sustainable development, and other related issues, and to share best practices and guidance on innovative development prospects. This will increase market participants’ awareness and understanding of market integrity, attract more capital to our markets, and promote the healthy development of the economy. At the same time, it will help facilitate the capital markets’ transformation towards sustainable development, enhance their capital formation and asset management capabilities, and improve Hong Kong’s long-term competitiveness and economic sustainability”, Dr Lam concluded.

Approximately 400 business and industry professionals actively participated in the inaugural Hong Kong Capital Markets Forum 2024.

Media Enquiries:

Strategic Public Relations Group Limited

Brenda Chan/ +852 2114 4396/ brenda.chan@sprg.com.hk

Calling Off the 14th WIEF, 6-8 February 2024

KUALA LUMPUR, Jan 29, 2024 – (ACN Newswire) – The host, Abu Dhabi Department of Economic Development (ADDED) has called off the 14th World Islamic Economic Forum (WIEF), which was scheduled to be held in Abu Dhabi from 6 to 8 February 2024.

Regretfully, WIEF Foundation conveys this decision and recognises the disappointment and inconvenience it may cause everyone involved. This announcement may come as a significant setback to those who had diligently prepared for the event, and we acknowledge the challenges that this late notice may pose to participants, partners, sponsors and supporters.

For any inquiries, please contact +603 2163 5500 or 14thwief@wief.org.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

KJTS Celebrates Successful Debut on ACE Market

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

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

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

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

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

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

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

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

The 17th Asian Financial Forum concludes successfully

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

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

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

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

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

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

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

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

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

Understanding prospects for mainland industries, environmental economics

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Media enquires

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

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

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

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn