SINGAPORE, Dec 8, 2023 – (ACN Newswire) – Samurai 2K Aerosol Limited (the “Company” and together with its subsidiaries, the “Group”) (SGX: Y8E), a manufacturer of automotive aerosol paints and aerosol solution specialist, today announced that it has been selected for inclusion in the list of best 200 companies in Forbes Asia’s annual “Best Under a Billion Dollars Award” for 2021. The event for winners to receive the award was only just recently held in Manila, The Philippines due to travel restrictions imposed during the Covid-19 pandemic. In its annual survey, companies are scored based on several financial performance metrics and chosen from a list of 20,000 firms. This list recognizes the top 200 publicly listed companies in the Asia Pacific region with sales between US$10 million to US$1 billion.

The list, which is unranked, measures the long-term performance of companies based on full- year annual results, and firms are scored based on their track record in debt, sales, earnings per share growth and average returns on equity. Selection criteria included quantitative as well as qualitative factors. Companies with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles were excluded.

In its financial results for the six months ended 30 September 2023, the Group recorded all-round improvement in its financials as compared with the same period last year.

(See: Financial Statements and Related Announcement::Half Yearly Results (sgx.com))

This was despite a challenging business environment dominated by international trade tensions, global geopolitics, and general slowdown in global economies.

One factor for the Company’s inclusion in the list is its low leverage and prudent financial discipline. The high-interest rate environment has resulted in increased costs for operations and finance, but the Company’s financial position remains robust even as it sticks to its strategy of creating shareholder value through R&D and technology innovations. The Company’s Total Debt /Equity Ratio for the past 3 years has remained below 1 and is accompanied by healthy Current Ratio and Cash Ratio.

Table 1 Samurai 2K Aerosol Liquidity and Leverage*

*Source: SI Station data

Meanwhile, its groundbreaking 2K Technology for aerosol paints is approaching a take-off point as marketing footprints have been established in the large markets of USA, UK and India. Additionally, it has a slew of products and services based on proprietary technology that are coming into the market soon. Tintatek, a unique color-matching and color-mixing technology will be launched in First Quarter of Financial Year 2025.

The Company’s aerosol paints enable professional standard spray painting results to be achieved with great convenience. This has resulted in the sprouting of a new service: onsite professional spray painting services where users are optimally matched from a list of certified professional Samurai 2K aerosol painters on an online platform. Professional spray painting courses with certification recognized by the Malaysian government are also being conducted presenting a new revenue stream.

Ian Ong Yoke En, Founder, Executive Director & Chief Executive Officer sums up the investment merits of Samurai best when he says, “We are a creator of long-term shareholder value and our strong commitment to R & D brings forth a continuous stream of innovative products. At the same time, our complete digital transformation enables us to achieve scalability and economies of scale, and to move with great speed and efficiency to capture new business opportunities in the e-commerce world where geographical borders do not exist”

Mr Ong added, “But we always exercise financial discipline so that we can ride the ups and downs of the market while remaining focused on our spirit of Innovation.”

Issued by Samurai 2K Aerosol Limited

This press release has been reviewed by UOB Kay Hian Private Limited (the “Sponsor”).

This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, who can be contacted at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881

Reference:

https://links.sgx.com/FileOpen/Samurai%20Annoucement%20-%20ForbesAsia.ashx?App=Announcement&FileID=780254 

About Samurai 2K Aerosol Limited (SGX: Y8E)

Samurai 2K Aerosol Ltd (“SAMURAI®”) has been listed on the Catalist Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) since January 2017. SAMURAI® is a fully integrated aerosol specialist that focuses on the repainting business as well as aftermarket for the automotive refinishing and refurbishing industry.

SAMURAI® aims to be the world’s most respected innovative aerosol system provider and offer the most innovative aerosol systems with the best user enjoyment and to create more job opportunities for all the sprayers in the world.

SAMURAI® regional office is situated in Singapore while research, product development, branding and manufacturing are conducted in Malaysia. Samurai’s products are distributed worldwide to throughout Malaysia, Indonesia, Thailand, Philippines, Vietnam, Cambodia, UK, USA, Singapore, and India. Its range of products includes Truck Bed Liner, Epoxy Marine Surface Primer, Marine Coating, Boat Deck Granular Textured Epoxy Primer, Automobile Body Epoxy Primer etc. For more information, please visit our official website at www.samurai2kaerosol.com.

Media and Analysts Contact:
Samurai 2K Aerosol Limited
Ms. Saveena Prabakaran
Legal Cum Relation Executive
Email: saveena@samuraipaint.jp 

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

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

KYIV, UKRAINE, Dec 8, 2023 – (ACN Newswire) – Mariupol Reborn has been running for a year, planning the regeneration of Ukraine’s famous seaside city. With support from across Ukraine and Europe, including from the SCM Group, it has developed a fast recovery plan and a long-term vision. And, importantly, it is providing vital support for the people of Mariupol.

Tens of thousands of Mariupol residents were killed in the six weeks after the full-scale invasion in February 2022 as a direct consequence of Russian aggression. Hundreds of thousands of Mariupol residents have been displaced.

Vadym Boychenko, the mayor of Mariupol, said: “People are our greatest assets. Lost lives are our greatest pain. Mariupol’s struggle will go down in history as an example of extraordinary heroism. They deserve the best home to return to and our goal is to create that. We know the government of Ukraine and our military will return Mariupol to Ukrainians. And when that happens, we will be ready to start work on Day One.”

The Fast Recovery Plan will get the city running, prioritizing housing and utilities. The Russians have destroyed 90% of the city’s infrastructure, half the apartment buildings, 15 hospitals, 63 schools and 40,000 houses have been damaged.

Mariupol Reborn has also started developing the city’s long-term regeneration plan, working with Europe’s leading architects, urban planners and experts in desovietization. The four visions are here.

Olexander Vyshniakov, director of Mariupol Reborn and Head of community development at Metinvest Holding, said, “Socially responsible businesses have a clear duty to support the communities they work in. That’s why Rinat Akhmetov’s SCM Group is Mariupol’s main partner. The Group’s businesses are also doing everything they can across Ukraine, providing employment and paying taxes, to maintain stability now and provide the platform for post-war development. Mariupol Reborn is a key part of our contribution to Ukraine’s reconstruction.”

Mariupol Reborn has widespread support, including USAID’s Economic Support for Ukraine project. The SCM Group has allocated $1.5 million to fund nine programmes. These include the development of the visions, and offices in Lviv, Dnipro and Warsaw, where the project is gathering expertise and securing international partnerships.

Cities across Europe have already offered support, including Utrecht, Vilnius and Gdansk. This is important because Mariupol has a lot to learn, particularly from those that suffered destruction in previous wars.

Mariupol Reborn is also providing housing for displaced Mariupol people now. With financial support from the French government, the project has developed dormitories in Dnipro.

Ukrainian businessman Rinat Akhmetov said, “The Russian invasion has destroyed the lives of hundreds of thousands of peaceful Mariupol residents. And it has ended the lives of far too many: one was too many. Therefore, it is crucially important we do not leave people alone with their misfortune. That’s why we must provide the people of Mariupol with homes, however temporary.”

Contact Information:
Hanna Korotych
The SCM Group
hanna.korotych@scm.com.ua 
+380 (97) 347 70 39

Charlie Pryor
Leidar
charlie.pryor@leidar.com 
+44 7958975667

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

NANPING, CHINA, Dec 7, 2023 – (ACN Newswire) – On December 6, 2023, Golden Heaven Group Holdings Ltd. (the “Company” or “Golden Heaven”) (Nasdaq: GDHG), an amusement park operator in China, announced that it intends to enter into an operating lease framework agreement (the “Agreement”) with a top-tier Chinese amusement group (the “Group”). The Group is a subsidiary of a prominent Chinese tourism group, ranking among China’s top 30 national cultural enterprises and top 20 tourism groups. This Agreement is expected to mark a significant step in Golden Heaven’s strategic business expansion efforts, and is aimed at enhancing Golden Heaven’s market position by leveraging the Group’s strong presence in the Chinese amusement park industry.

Pursuant to the Agreement, that is presently under negotiation, the Group’s theme park in Wuhan, Hubei Province in central China is expected to become the pilot leased park to the Company. The finalized operating lease rights, lease schedules and other terms of the Agreement will be settled with the ongoing negotiation.

Ms. Jin Qiong, the CEO and Chairman of the Company, commented, “We are thrilled to collaborate with an established player in the amusement park business. We anticipate that the proposed Agreement we are negotiating will assist us in our journey for market expansion in China and believe it may pave the way for more strategic partnerships in the near future. By drawing on the strengths of our partner, who we understand has a market base in many large cities in China, we hope to accelerate our expansion and elevate our guest experiences. We believe that the cooperation is in our long-term interests for building brand recognition, sustaining our competitiveness, and creating value for our shareholders.”

About Golden Heaven Group Holdings Ltd.

Golden Heaven Group Holdings Ltd. manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. With approximately 426,560 square meters of land in the aggregate, these parks are located in geographically diverse markets across the south of China and collectively offer approximately 139 rides and attractions. Due to the geographical locations of the parks and the ease of travel, the parks are easily accessible to an aggregate population of approximately 21 million people. Since September 30, 2023, Mangshi Jinsheng Amusement Park, which is one of the six parks, has been temporarily closed. The parks provide a wide range of exciting and entertaining experiences, including thrilling rides, family-friendly attractions, water attractions, gourmet festivals, circus performances, and high-tech facilities. For more information, please visit the Company’s website at https://ir.jsyoule.com/.

Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Golden Heaven Group Holdings Ltd.

Email: group@jsyoule.com

Ascent Investor Relations LLC

Phone: +1-646-932-7242

Email: investors@ascent-ir.com

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

KUALA LUMPUR, Dec 4, 2023 – (ACN Newswire) – KJTS Group Berhad (“KJTS” or the “Company”) and its subsidiaries (collectively referred to as the “KJTS Group”), a building support services provider in Malaysia, Thailand and Singapore, are pleased to announce the signing of the underwriting agreement with Hong Leong Investment Bank Berhad (“HLIB”) for its upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The IPO exercise, as detailed in the Company’s draft prospectus available on the Bursa Malaysia Berhad’s website, involves the issuance of approximately 218.03 million new ordinary shares. This represents 31.69% of KJTS’s enlarged number of issued shares, which is split between the retail offering of 49.40 million new ordinary shares which represents 7.18% of the enlarged issued shares and institutional offering of 168.63 million new ordinary shares to institutional and selected investors which represents 24.51% of the enlarged issued shares.

Hong Leong Investment Bank Berhad, as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner will underwrite the entire 49.40 million new ordinary shares under the retail offering.

Managing Director of KJTS, Mr. Lee Kok Choon and Executive Director of KJTS, Mr. Sheldon Wee, commented: “This IPO marks a pivotal moment in KJTS’s history, paving the way for our next stage of strategic growth. Our journey with Hong Leong Investment Bank Berhad in this endeavour is instrumental in realising our expansion goals and strengthening our market position. The funds raised from the IPO will be primarily deployed to expand our cooling energy segment in Malaysia. Our cooling energy services enables us to take advantage of opportunities from growing awareness of Environmental, Social and Governance (ESG) principles as these cooling energy systems help our customers reduce carbon dioxide emissions through the reduction of electricity consumption.  We also plan to use these funds to expand our offices in Malaysia, Thailand, and Singapore. This financial boost is key to our commitment to sustaining and expanding our services across these countries.”

Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng said: “We are pleased to have played a key role in KJTS Group Berhad’s IPO journey. We hope that KJTS’s market presence and future growth plans will present a compelling opportunity for investors. We are confident that this listing will be a significant step forward for the company.

The listing of KJTS on Bursa Securities is set to provide a robust platform for the company to embark on its next phase of growth and aligns its long-term vision to solidify its position as a leader in the building support services sector.”

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