ArtCap Strategies Co-Arranges With Apollo Global Funding LLC, a USD 90 Million Senior Secured Term Loan for Banesco (Panama) S.A.

George Town, Cayman Islands, Jul 26, 2023 – (ACN Newswire) – ArtCap Strategies, a Cayman-based investment group specialized in direct lending throughout Latin America and the Caribbean, is pleased to announce the successful closing of a 10-year USD 90 million senior secured term loan for Banesco (Panama) S.A. ("Banesco"), Panama's fourth largest bank in terms of deposits, that belongs to a financial group (Banesco International), with presence in 14 countries. The loan proceeds will be utilized to fund the growth of Banesco's consumer loan portfolios and general corporate purposes.

Secured by a portfolio of mortgages, this financing demonstrates ArtCap's commitment to supporting financial institutions with their strategic objectives while creating investment opportunities that meet international investor demands.

The ArtCap Strategies team boasts unique and extensive experience in executing structured financings for financial institutions throughout the region with an established track record of delivering innovative tailor-made solutions.

"We are delighted to have successfully closed this senior secured term loan for Banesco," said Antonio Navarro, Managing Partner at ArtCap Strategies. "This transaction not only enables Banesco to expand its loan portfolio but also highlights our expertise in structuring financing solutions that meet the specific needs of investors while prioritizing risk management. As some large investment banks retreat from the region, we are proud to bridge the gap and provide vital support to institutions like Banesco."

"We are pleased to have secured this facility for Banesco, which will fuel the growth of our franchise in the country," stated Juan Yague, CFO of Banesco. "ArtCap Strategies' expertise in executing structured financings has proven invaluable for Banesco, and we appreciate their commitment to providing tailored solutions that meet our needs."

About ArtCap Strategies

ArtCap Strategies is a Cayman-based investment group specializing in structuring custom solutions for clients in Latin America and the Caribbean. With a team of seasoned professionals and a comprehensive suite of products and services, ArtCap empowers its clients and investors to navigate complex financial landscapes in order to achieve their strategic objectives.

For media inquiries, please contact:
info@artcapstrategies.com
www.artcapstrategies.com

This press release contains certain statements that may include "forward-looking statements". All statements, other than statements of historical fact, included herein are "forward-looking statements." The forward-looking statements are based on ArtCap's beliefs, assumptions and expectations of future performance, taking into account all information currently available to ArtCap,, and can change as a result of many possible events or factors, not all of which are known to ArtCap or are within its control. ArtCap Strategies and the Fund are not registered with, or regulated by, the Cayman Islands Monetary Authority or any other governmental agency in the Cayman Islands.

Contact Information
Antonio Navarro
Managing Partner
antonio.navarro@artcapstrategies.com
2128821321

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

Hong Kong delegation strengthens business ties with Indonesia

JAKARTA, Jul 26, 2023 – (ACN Newswire) – A Hong Kong business delegation – organised by the Hong Kong Trade Development Council (HKTDC), led by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Mr John Lee and accompanied by Principal Officials – was in Jakarta, Indonesia today following a visit to Singapore in the past two days. The 30-strong delegation of business leaders from Hong Kong's major organisations, chambers and enterprises is making a week-long visit to Association of Southeast Asian Nations members to strengthen ties, expand networks and discuss collaboration riding on new policies in Hong Kong to attract investment and talent, as well as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Belt and Road Initiative and new cooperation agreements such as RCEP (Regional Comprehensive Economic Partnership). Multiple MOUs were signed in Singapore (seven) and Indonesia (16), covering finance, trade, technology and cultural exchange.

Dr Sunny Chai, Chairman, Federation of Hong Kong Industries, Mr Nicholas Aguzin, Chief Executive,
HKEX; Dr Peter K N Lam, Chairman, HKTDC; Mr John Lee, Chief Executive of the HKSAR;
Mr Horace Cheung, Deputy Secretary of Justice; Mr Christopher Hui, Secretary for Financial Services
and the Treasury; Mr Algernon Yau, Secretary for Commerce and Economic Development [L-R]

Delegates visited major enterprises, met officials to understand Indonesia's development, and held a networking lunch with the local business community themed Indonesia-Hong Kong, Partnering for Success, hosted by the HKTDC.

At a press conference before the luncheon Mr Lee said: "ASEAN is Hong Kong's second-largest trading partner globally. Among ASEAN states, Indonesia is the largest nation. We are here to consolidate our friendship with Indonesia and other ASEAN states. We wish to strengthen our long-standing co-operation for mutual growth. More importantly, we wish to tell our friends here the good and latest stories of Hong Kong."

Mr Lee was accompanied by Deputy Financial Secretary Mr Michael Wong, Secretary for Financial Services and the Treasury Mr Christopher Hui and Secretary for Commerce and Economic and Development Mr Algernon Yau.

HKTDC Chairman Dr Peter K N Lam, HKEX Chief Executive Mr Nicholas Aguzin and Federation of Hong Kong Industries Chairman Mr Sunny Chai, representing various sectors in Hong Kong, shared their insights on business development of Hong Kong and Indonesia at the press conference.

During the luncheon speech, the Deputy Minister of Trade of the Republic of Indonesia Jerry Sambuaga expressed gratitude for the visit. He believed the exchange would benefit both parties and said: "Hong Kong is an important trading partner for Indonesia and I am optimistic that the Indonesia-Hong Kong relationship will grow stronger and be mutually beneficial."

On the same occasion HKTDC Chairman Dr Peter K N Lam said: "As an international business hub and a two-way platform between Mainland China and the world, Hong Kong is the perfect partner for Indonesian companies to tap into the Chinese market or to go global. As the Belt and Road Initiative enters its 10th year, we can work together to capitalise on the opportunities from a new phase of cooperation and sustainable development along the Belt and Road. HKTDC values the close ties between Hong Kong and Indonesia built up over years. Together, we have woven a story of mutual growth and prosperity. As we look to the future, we envision a stronger, deeper partnership between us."

During the two days in Indonesia, the delegation met representatives of key enterprises such as the Lippo Group and CT Corporation, and will also visit the Jakarta-Bandung High-Speed Railway which is an example of collaboration between Indonesia and Mainland China.

The delegation will move on to visit Malaysia over the next few days.

Since 1966, the HKTDC has created business opportunities between Hong Kong and the world, promoting Hong Kong as an international business and financial hub and gateway to China through outreach such as organising delegations, international trade fairs and industry conferences, as well as enabling small and medium-sized enterprises and start-ups.

7 MOUs were signed at the business dinner in Singapore:
– HKTDC and Singapore Business Federation (SBF)
– InvestHK and Blockchain Association Singapore (BAS)
– Hong Kong Science & Technology Group (HKSTP) and Global Entrepreneurship Network (GEN)
– CCB International (Holdings) Ltd and Mirxes Holding Company Limited
– HSBC and Keppel
– City University of Hong Kong and National University of Singapore (NUS)
– Xgate and Singapore Retailers Association (SRA)

16 MOUs were signed at the business luncheon in Jakarta:
– HKTDC and Indonesian Ministry of Trade
– HKTDC and Indonesian Ministry of Industry
– HKTDC and Indonesian Ministry of Tourism and Creative Economy
– HKTDC and KADIN
– InvestHK and KADIN
– Hong Kong Observatory and The Agency for Meteorology, Climatology, and Geophysics of the Republic of Indonesia (BMKG)
– HKEX and Indonesia Stock Exchange (IDX)
– Value Partners Group and STAR Asset Management
– BOC International Holding Ltd and Tsingshan Industry, and BOC HK Jakarta Branch
– BOC International Holding Ltd and J&T Jitu Express, and BOC HK Jakarta Branch
– Chinese Asset Management Association of Hong Kong (HKCAMA) and Indonesia Asset Management Association
– CCB International (Holdings) Ltd and J&T Jitu Express
– Hong Kong Aerospace Technology Group and Bakrie & Brothers
– HSBC and Hutchison Ports Indonesia
– Media Asia Group Holdings Limited and MNC Media & Entertainment
– Templewater Limited and China International Marine Containers (Group) Ltd. (CIMC) and Eternal Tsingshan Group Ltd.

Photo Download: https://bit.ly/3rJKtuR

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.

Media enquiries
HKTDC's Communication & Public Affairs Department:
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

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

H World Announces Preliminary Q2 Operating Results, RevPAR Recovers To 121% Of The 2019 Level

HONG KONG, Jul 26, 2023 – (ACN Newswire) – H World Group Limited ("H World" or "the Group", NASDAQ: HTHT and HKEX: 1179) announced its preliminary results for hotel operations in the second quarter ended 30 June 2023 ("Q2 2023").

As of 30 June 2023, H World operates 8,750 hotels with 844,417 rooms in 18 different countries. For the Legacy-Huazhu business, the RevPAR recovered significantly to 121% of the 2019 level, benefiting from the strong recovery of demand for domestic travel. The RevPAR in April, May and June 2023 recovered to 127%, 115% and 123% of the 2019 levels, respectively. The hotel closures were mainly attributed to closures that were carried over due to the impact of COVID-19, and continuous effort to eliminate lower-quality and underperforming economy hotels. Legacy-Huazhu opened 374 new hotels, which was broadly in line with growth expectations. Meanwhile, Legacy-Huazhu maintained strong growth in new hotel signings, reaching over 1,000 new hotels during this quarter, which reflected the rising confidence level of franchisees.

Steigenberger Hotels GmbH and its subsidiaries ("DH" or "Legacy-DH"), driven by an increase in the ADR, recorded restorative growth in Q2 2023, with RevPAR having recovered to 111% of the 2019 level.

As a leading player in the hotel industry, H World has maintained a steady momentum of growth as it continues to seek certainty in a market full of uncertainties. The Group has been adhering to a sustainable quality growth strategy and has continued to expand its hotel network through its anchor brands in the economy and midscale segments. Moreover, its multi-brand strategy in the upper midscale segment has also experienced the same boost in growth. Through the continued upgrades made to the platforms organization and digital operation systems, better products and services were consistently made to its customers and franchisees, leading the hotel industry to experience new vitality. In addition, H World continues to fulfil its social responsibility as an industry leader and to create value in the areas of sustainable development, social welfare and talent cultivation, to create sustainable and high-quality growth for investors and the entire ecosystem and bring long-term stable returns to shareholders.

About H World Group Limited:
Originated in China, H World Group Limited is a key player in the global hotel industry. H World's brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song Hotels. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.

H World's business includes leased and owned, manachised and franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels.

For more information, please visit H World's website: https://ir.hworld.com.

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

Kitchen Culture: Resolution of rental arrears and other legacy issues addressed

SINGAPORE, Jul 25, 2023 – (ACN Newswire) – The Board of Directors of Kitchen Culture Holdings Ltd is pleased to announce the appointment of new Directors to the Board to move the Company forward from its recent troubled history. This is in line with the Board's objective to usher in a new era of transparency, accountability and business expertise.

The Board is pleased to announce the significant progress in resolving some of these issues.

The Company had received a letter of demand on 14 March 2023 from CDL Properties Ltd in relation to the Company's alleged default of the lease agreement between the Company and CDL. The Company was subsequently evicted from its premises by CDL on 16 March 2023. The Board is pleased to announce that the Company has reached a settlement with CDL on 21 July 2023 to fully settle rental arrears and reinstate the office in Republic Plaza.

The Board's priority has been to resolve outstanding legacy issues, including negotiating with creditors to resolve all long overdue liabilities, engaging an external auditor to audit the FY2022 financial statements, working with the special auditor to complete the special audit, and strengthening the Company's internal controls.

In addition, the Board received a letter of demand from Mr Tan Gin Tat on 17 July 2023 for the S$1.5 million loan extended to the Company in the year 2022, as this is one of the legacy issues requiring resolution. The Board is currently seeking legal advice on this matter and will update shareholders in due course.

The Board had on 21 July 2023 announced that the Special Audit in relation to the Payroll Matter and the Transaction as announced by the Company on 29 September 2021, as agreed under the scope of work of the Special Auditors, has now been completed. The Board will now engage with relevant professionals to address the issues and recommendations raised from the Special Audit. In relation to the appointment of a new external auditor, the Board has identified a suitable external auditor and will be seeking shareholders' approval for the appointment in due course.

The Board is also focused on fundraising and evaluating sustainable business opportunities to ensure the Company's future success. As part of these efforts, the Company will be releasing a detailed business update as soon as practicable.

"We understand that the Company has faced significant challenges in the past, and we are committed to addressing these issues and moving forward." said Mdm Hao Dongting, Non-Executive Chairperson of the Board. "We are confident that with the right strategies and execution, Kitchen Culture will be able to create sustainable growth and long-term shareholder value. Meanwhile, the Board will be conducting a thorough review of the Company's operational and financial procedures and implement policies and procedures that ensure the Company is run in a transparent, responsible and efficient manner."

"On behalf of the Board, we would like to express our gratitude to the Company's employees, customers, and partners for their continued support during this transition period. We look forward to working closely with all stakeholders to ensure a successful future for the Company", added Mdm Hao.

Reference 1:
https://links.sgx.com/1.0.0/corporate-announcements/WNQSOC0ID4TO935Y/f4d36cf0925be5e34e49c820ebdeddb24fbb7cdd3559ef696d5b6967e350d058
Reference 2:
https://links.sgx.com/FileOpen/KC%20Annct%20-%20Update%20on%20Letter%20of%20Demand.ashx?App=Announcement&FileID=766248

For media queries, please reach out to:
Waterbrooks Consultants
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

Proud Investor Relations partner: https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/

This media release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This media 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 media release, including the correctness of any of the statements or opinions made or reports contained in this media release.

The contact person for the Sponsor is Ms Lee Khai Yinn (Telephone: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

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

Quam Plus Financial Unveils New Brand Name

HONG KONG, Jul 25, 2023 – (ACN Newswire) – Quam Plus International Financial Limited ("Quam Plus Financial" or "the Group") (00952.HK) (previously named "China Tonghai International Financial Limited"), a leading financial services corporation in Hong Kong, announced it was officially renamed on 21 July. The Group has organized the "Renaming Ceremony & Cocktail" at the Hong Kong Club in Central, Hong Kong, which marked the debut of a new brand name and signified the beginning of a new chapter in the development of the Group's business. The Group was hopeful it would grasp future growth opportunities and took the opportunity to show its gratitude for the long-term attention and support given by business partners and clients.

At the Renaming Ceremony & Cocktail, Dr. Kenneth LAM Kin Hing, Executive Co-Chairman and CEO of Quam Plus International Financial Limited delivered speeches, followed by the unveiling of the new "Quam Plus Financial" brand together with Mr. Henry Liu, Executive Director; Mr. Stacey Wong, Chief Operating & Risk Officer; Mr. Army Yan, Chief Investment Officer; Mr. Chris Wu, Chief Financial Officer; Mr. Ambrose Lam, Co-Chairman of Quam Capital (Holdings) Limited; Mr. Christopher Tang, Chief Executive Officer of Quam Asset Management Limited; and Mr. Calvin Chiu, Deputy Chief Executive Officer of Quam Securities Limited. Under the leadership of the management team, the Group will aim to establish an all-rounded financial services with a new corporate image.

Over the past two decades since the Group's listing on the Stock Exchange of Hong Kong, the Group has grown with the territory and has worked hard to provide local and mainland enterprises and individual investors with diversified financial services including securities brokerage, corporate financing, asset management and wealth management. Under the leadership of the management team, the group has successfully rebuilt strong and stable financial fundamentals. Additionally, the "Wealth Management" and "China and Special Opportunities" divisions have been established on top of existing service provision, injecting new energy into the company's business and further expanding its business footprint.

Dr. Kenneth LAM Kin Hing, Chief Executive Officer and Executive Director of Quam Plus International Financial Limited said: "We have invested many years of effort to build the Quam brand, and our sense of belonging to the group has been increasing day by day. Today, it is definitely my pleasure and honour to Quam Plus Financial taking a step towards a new milestone. In the future, we will continue to be based in Hong Kong and face the world, insisting on providing customers with more excellent and advanced international financial services. At the same time, we sincerely hope to continue to be a loyal partner to our customers, moving forward together and creating a brighter future."

About Quam Plus International Financial Limited
Quam Plus International Financial Limited (the "Group", Stock Code: 00952.HK) is a Hong Kong based financial services group which is listed on the Main Board of the Stock Exchange of Hong Kong Limited. The Company was publicly listed in Hong Kong in 1997, it is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients.

For further information, please contact:
Quam IR Limited
Mandy Lo Tel: (852) 2217-2753 Email: Mandy.Lo@quamgroup.com
Charlie Chan Tel: (852) 2217-2504 Email: Charlie.Chan@quamgroup.com

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

FREED GROUP Closes Pre-C Financing Round

HONG KONG, Jul 24, 2023 – (ACN Newswire) – FREED GROUP ("FREED"), an award-winning innovator specializing in building proprietary Marketplace Enablement and Enterprise Application solutions founded and headquartered in Hong Kong, is pleased to announce the completion of the company's latest financing round ("Pre-C"). With new participation from one of the leading Private Equity firms in the region, as well as existing shareholders, Linear Capital and Musketeer Capital, the financing will fuel FREED's global expansion plans and extend beyond leading consumer brands and platforms to other vigorous verticals like international sports and events.

Mr. Abel Zhao, Co-founder & CEO of FREED GROUP announces the closing of Pre-C financing round.

Mr. Abel Zhao, Co-founder & CEO of FREED GROUP (third left) signs a memorandum of understanding with eWTPA earlier this month.

Mr. Abel Zhao, Co-founder & CEO of FREED GROUP, said, "We are thrilled to announce the completion of our Pre-C financing round, another milestone that will propel our business to new heights. The fact that we were able to secure this financing is a testament to our investors' confidence in our ability to scale the business. With these substantial resources, we are well-positioned to consolidate our global presence and amplify the impact of our innovative solutions across a wide range of industries."

To further fuel the next phase of FREED's growth, the company has been proudly appointed as the Title Partner of 2023 Women's Scottish Open, forging strong connections with the Scottish Government and VisitScotland to raise awareness of the tournament, as well as local tourism, as an important part of the post-COVID recovery initiative. This opportunity enhances FREED to showcase its proprietary technical solution and branding on an international stage, opening doors to strategic opportunities worldwide. As the distinguished Title Partner, FREED is paying homage to their Hong Kong roots and is honoured to invite top-tier local Hong Kong athletes to this illustrious event. Esteemed Hong Kong professional golfers Ms. Tiffany Chan, the first-ever Hong Kong golfer to qualify for the top-level of competition of the 2018 LPGA Tour, and Ms. Virginie Ding, ranked 185 according to World Amateur Golf Ranking, exemplify FREED's heartfelt dedication to its heritage. Meanwhile, as a long-term strategic business partner of the Korean government, this prestigious sponsorship is also strategically aligned with the Korea government's endeavours to popularize golf in recent years, representing a propitious avenue for FREED to elevate their business, fortify brand visibility, and garner widespread recognition through this burgeoning sports category.

Moreover, further utilizing the momentum of Hong Kong government's push to boost ties with Saudi Arabia, FREED was one of the few highly selected high-tech companies in Hong Kong to sign an agreement with eWTP Arabia Capital (eWTPA), paving a strategic path to expand FREED's networks and footprint in the region.

Alongside these achievements, FREED expanded its portfolio of products and services through strategic acquisitions and investments of Connexus Travel and Gabi Partners during the year. These strategic moves reaffirm the company's commitment to broaden its breath of digital transformation solutions to multiple sectors, enabling its partners to cultivate higher brand loyalty, foster lasting connections with their customers, and elevate the overall user experience of their brands.

Mr. Abel Zhao, concluded, "As we forge ahead into new markets, our cutting-edge proprietary SaaS solutions will continue to drive digital transformation and empower businesses on a global scale. The future is full of possibilities, and as a Hong Kong start-up with a global vision, we are excited to be at the forefront of shaping the future of the digital landscape worldwide."

About FREED GROUP
FREED GROUP is a technology innovator specializing in building proprietary Marketplace Enablement and Enterprise Application solutions. It pioneers the future of digital commerce by bringing the capability of multi-merchant, multi-platform networks onto one single backend system and database. With its end-to-end digital transformation and commerce empowerment solutions, FREED GROUP helps clients and partners from Fortune 500 corporations and brands to SMEs across regions to create new revenue streams, increase customer engagement and enhance servicing level.

Headquartered in Hong Kong and Singapore, FREED GROUP operates in more than 10 offices globally with over 150 staff. FREED GROUP supports clients and partners worldwide, including major names such as Samsung, China Mobile, China Life Insurance, BMW and LG. It is the winner of the 2022 World Economic Forum Technology Pioneers, 2021 Deloitte Technology Rising Star Award and 2021 United Nations UNWTO Global Start-up Competition, among many others. In 2023, FREED GROUP is named one of the top-10 high-growth companies in the Asia-Pacific region by Financial Times.

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

2023 Deloitte Hong Kong Technology Fast & Rising Star program opens for applications from fast-growing, innovative local enterprises

HONG KONG, CHINA, Jul 24, 2023 – (ACN Newswire) – The 2023 Deloitte Hong Kong Technology Fast and Rising Star program is now officially open for applications. Organized by Deloitte China and sponsored by HSBC, the program identifies and recognizes fast-growing and innovative local enterprises, with a view to boosting development of the innovation and technology (I&T) ecosystem in Hong Kong, the Greater Bay Area (GBA), and beyond. Applications close on 24 September and the results will be announced at the awards ceremony in November.

Internationally renowned as "the Oscars for high technology companies", the Deloitte Technology Fast 50 program was founded in 1995 in Silicon Valley and takes place simultaneously every year in more than 30 countries. With stringent evaluation criteria and methodology, the program is one of the most objective rankings for technology, media, and telecommunications enterprises.

A sub-program of Deloitte China Technology Fast, Deloitte Hong Kong Technology Fast (HKTF) and Hong Kong Rising Star (HKRS) were launched in 2017 as a platform for fast-growing, innovative local enterprises from vanguard segments including internet, software, new media, new energy, life sciences, and robotics to promote their market eminence, meet successful peers, and connect with banks and VC/PE investors.

Apart from access to support from Deloitte experts and associated programs, winners of HKTF and HKRS can gain the opportunity to receive wider recognition and policy incentives from local governments and organizations within the GBA, while boosting their talent brand and employee morale. Notable past winners include WeLab, Klook, SenseTime, Lalamove, Prenetics, etc.

Deloitte Hong Kong Technology Fast Program Lead Partner Philip Law says, "I&T is increasingly essential for Hong Kong's economic transformation and integration into national development in this digital age, and Deloitte is committed to supporting the development of Hong Kong's I&T industry together with government, industry, and academic sectors."

"Leveraging Deloitte's global network of resources, insights, and experience, coupled with the extensive connections and expertise of our strategic partners and supporting organizations, the Deloitte Hong Kong Technology Fast program has seen 11 winners on their way to becoming unicorns since 2017, gaining visibility, brand recognition, and growth opportunities internationally. We look forward to receiving applications from all fast-growing and innovative Hong Kong companies that aspire to move onto a bigger stage."

Thomas Elliott, Managing Director, Head of Client Coverage, Commercial Banking, Hong Kong, HSBC, says, "Innovation and technology is a major force that will redefine our economic growth model. More support for emerging entrepreneurs in the innovation sectors will build a solid foundation for the future prosperity of our economy and society. Founded more than 150 years ago, HSBC has been banking generations of entrepreneurs and helping them grow their businesses. We are excited to join hands with Deloitte in the Technology Fast program again and we look forward to inspiring more innovative businesses in Hong Kong to aim for success."

HKTF welcomes applications from fast-growing companies and technology firms in Hong Kong with at least three years of business operations and operating revenue of at least HKD2.2 million for the 2020 fiscal year. Companies with a shorter business history can join HKRS by providing a written description of their backgrounds, management teams, core competencies, business models, products, technologies, industries, and market recognition.

For more details about the program and how to enrol, visit here.
https://www2.deloitte.com/cn/en/pages/technology-media-and-telecommunications/events/technology-fast-gba-2023-invitation.html?nc=42

2023 Deloitte Hong Kong Technology Fast & Rising Star

Sponsor
HSBC

Strategic Partner
Hong Kong Cyberport
Hong Kong Science and Technology Parks

Knowledge Partner
The Hong Kong University of Science and Technology

Supporting Organization
Alibaba Entrepreneurs Fund
Beyond Ventures
China Resources Capital Management Limited
The Chinese University of Hong Kong
The City University of Hong Kong – HK Tech 300
Gobi Partners GBA
Greater Bay Area Homeland Investments Limited
The Hong Kong Polytechnic University
Hong Kong PropTech Association
Hong Kong X Tech Startup Platform
Internet Professional Association
InvestHK

About Deloitte China

Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China's reform, opening-up and economic development. We are a globally connected and deeply locally-rooted firm, owned by its partners in China. With over 20,000 professionals across 30 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit & assurance, consulting, financial advisory, risk advisory, business advisory and tax services.

We serve with integrity, uphold quality and strive to innovate. With our professional excellence, insight across industries, and intelligent technology solutions, we help clients and partners from many sectors seize opportunities, tackle challenges and attain world-class, high-quality development goals.

The Deloitte brand originated in 1845, and its name in Chinese denotes integrity, diligence and excellence. Deloitte's professional network of member firms now spans more than 150 countries and territories. Through our mission to make an impact that matters, we help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region.

Please see www.deloitte.com/about to learn more.

Disclaimer

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms or their related entities (collectively, the "Deloitte organization") is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

2023. For more information, please contact Deloitte China.

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

SCIB Celebrates Sarawak Day With Life-Saving Blood Donation Drive

KUCHING, MALAYSIA, Jul 21, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad ("SCIB" or the "Company") is pleased to announce that they have organised their annual blood donation drive in collaboration with the Sarawak General Hospital Blood Bank in honor of Sarawak Day. The initiative, known as "SCIB Blood Donation Day", is part of the company's ongoing commitment to giving back to society.

Ku Chong Hong, Managing Director of SCIB

Under the lively banner "Ohh Kitak Juh Derma Darah", the event is scheduled for 22nd July 2023, from 9am to 2pm. The venue is the Department of Transfusion Services and Blood Bank at Sarawak General Hospital, Kuching. SCIB is extending a heartfelt invitation to the community to join hands in this lifesaving cause. This marks SCIB's 4th collaboration with Sarawak General Hospital Blood Bank since their first collaboration in 2020.

"A fundamental part of our ESG philosophy at SCIB is giving back to the community," said Mr. Ku Chong Hong ('Mr. Ku'), Managing Director of SCIB. "This blood donation drive not only aligns with our social responsibility but also embodies the spirit of Sarawak Day – unity and care for one another. We strongly believe that this initiative will enhance community bonding."

To show gratitude to the generous donors, SCIB will be gifting a microfibre shirt to the first 120 participants. This token is a symbol of appreciation and recognition of their invaluable contribution to society.

"Blood donation is a simple act that has an extraordinary impact. We hope that this event will raise awareness about the constant need for blood and inspire more people to become regular donors," added the spokesperson.

SCIB's commitment to sustainability and community investment is a key component of its operating ethos. The company consistently seeks to balance its industrial activities with the welfare of its stakeholders. The SCIB Blood Donation Day is one of many initiatives demonstrating how SCIB fulfils its ESG commitments while making a real difference to people's lives.

The company is encouraging everyone who can to support this critical cause. "Come, join us, and make a difference. Donate blood, save lives. Let's work together to create a healthier Sarawak," urged Mr. Ku.

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

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

Piers Dunhill & Dunhill Ventures Host Raising Impact Investment Roundtable at London Climate Action Week (LCAW) 2023

LONDON, Jul 21, 2023 – (ACN Newswire) – On June 27, 2023, Piers Dunhill and the Dunhill Ventures team held a special event at London Climate Action Week in London, with a diverse portfolio of companies that are in the field of health and wellness, biotechnology research, mental fitness, social media, environmental conservation, green energy solutions, and venture capital. Piers and the Dunhill Ventures team created opportunities for investors to participate in the company impact portfolios to future-proof the effects of climate change at a global scale.

Piers Dunhill – Dunhill speaks at LCAW 2023

The London Climate Action Week is an independent platform that provides a mainstage for ecological issues and showcases groundbreaking solutions to these emerging problems. This year's main focus of this event was gathering industry-leading professionals to position London as a nucleus for climate efforts. The event saw the attendance of politicians, NGOs, and critical business stakeholders creating a platform to transform the climate ecosystem.

During London Climate Week, Piers Dunhill and the Dunhill Ventures Team held a curated raising impact investor event at the Biltmore Mayfair London on June 27, 2023. The event received 136 ultra-high-net-worth individuals ("UNHWI") and partner Family Offices to display a wide range of long-term investment opportunities from a select few industry stakeholders. The roundtable discussions within the event provided an overview of the current impact initiatives of these companies and their recent performance track record in terms of monetary investment returns.

Piers hosted a key industry player, Triller Inc., an upcoming social media platform currently in a Pre-IPO investment round. The company harnesses Artificial Intelligence to have a far higher engagement CTR rate than platforms like Instagram and TikTok. When asked for a comment, Piers Dunhill said, "Triller's showcase at our private investor event indicates the need for a radicalized social media service built with a focus on reaching the spoken word to the masses about our global impact initiatives. It is only together as an influential community that we can bring about meaningful changes to the lifestyle."

In addition, the investor audience had the privilege to view the presentation by Beyond Power Technologies and Blue Vision Capital. Beyond Power presented their in-house reflow generator solutions for bringing sustainable energy to all households and commercial buildings. The keynote corroborated Dunhill Ventures' and their Investors' efforts to reduce the community's carbon footprint and dependency on conventional electrical grid sources. Blue Vision Capital, a Climate Venture Capitalist Firm, presented its Green Energy-based investments and Carbon Neutral Energy seed investment portfolios with a new seed round for potential investors.

The final event highlight was the introduction of Halo Energy by Anshuman Vohra, ex-Wall Street Banker and Bulldog Gin founder, for potential equity and product investment rounds. Halo provided investors insight into a unique hydrating coffee drink that improves the community's lifestyle while reducing carbon impact. The presence of Halo after a previous successful investment round was representative of the unique opportunity for investors to buy into a late-stage investment round pre-IPO.

At the close of the event, Piers Dunhill indicated to the media about his future family office plans, "There will be another Dunhill Ventures event on August 30, 2023, in the Hamptons which will focus on the latest trends and developments in clean energy, including renewable energy sources, energy storage, and energy efficiency. Participants will also discuss the energy industry's challenges, such as climate change, geopolitical risks, and regulatory frameworks."

Contact Information
Piers Dunhill
Chairman at Dunhill Ventures
piersdunhillpress@gmail.com
44 7537 133088

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

Mercury Securities Group Signs Underwriting Agreement with Public Investment Bank for its IPO on the ACE Market of Bursa Malaysia

KUALA LUMPUR, Jul 20, 2023 – (ACN Newswire) – Mercury Securities Group Berhad has entered into an underwriting agreement with Public Investment Bank Berhad (PIVB) today for the Group's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.

Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively "Group") is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and custodian services.

The IPO involves the public issue of 157.10 million new ordinary shares ("Issue Shares") and an offer for sale of 71.51 million existing ordinary shares ("Offer Shares") representing 17.59% and 8.01% respectively of Mercury Securities' enlarged issued shares of 893,000,000 ordinary shares upon its listing.

The Issue Shares and Offer Shares will be allocated in the following manner:

A. PUBLIC ISSUE

Malaysian Public
– 44.65 million Issue Shares representing 5.00% of the enlarged issued share capital for application by Malaysian public, of which 50.00% is to be set aside for Bumiputera investors.

Eligible Persons
– 22.33 million Issue Shares representing 2.50% of the enlarged issued share capital for application by eligible directors, employees and persons who have contributed to the Group's success.

Selected Investors
– 45.47 million Issue Shares representing 5.09% of the enlarged issued share capital made available by way of private placement to selected investors.

Bumiputera Investors approved by Ministry of Investment, Trade and Industry ("MITI")
– 44.65 million Shares representing 5.00% of the enlarged issued share capital made available by way of private placement to Bumiputera investors approved by MITI.

B. OFFER FOR SALE

Selected Investors
– 4.53 million Offer Shares representing 0.51% of the enlarged issued share capital made available by way of private placement to selected investors.

Bumiputera Investors approved by MITI
– 66.98 million Offer Shares representing 7.50% of the enlarged issued share capital made available by way of private placement to Bumiputera investors approved by MITI.

PIVB will underwrite 66.98 million Issue Shares made available for application by the Malaysian Public and Eligible Persons.

Managing Director of Mercury Securities, Mr. Chew Sing Guan stated, "Our listing will enhance our visibility and reputation in the marketplace, and enable our directors, employees, business partners and public investors to participate in the growth and continued expansion of our business whilst increasing shareholders' value."

"This corporate milestone will help scale our Group to new heights by tapping on new opportunities, and to respond to the evolving needs of our customers and trends in the marketplace. Our Group will remain focused and committed to continually provide innovative products and solutions that create value for our customers and strive to exceed their expectations. To this purpose, we are committed to developing our digitalisation programme in order to innovate our products and services offerings for our customers, while we continue to automate and streamline our operations for all-round efficiency."

Chief Executive Officer, Mr. Lee Yo-Hunn of PIVB said, "We are proud to be the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent of Mercury Securities and to play a part in Mercury Securities' new corporate journey as a listed company on the ACE Market of Bursa Malaysia Securities Berhad. The listing will certainly augur well for Mercury Securities to tap on the capital market for its growth and expansion plans."

Mercury Securities Group Berhad: https://www.mercurysecurities.com.my/

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