Tag: Daily Finance

CNERGENZ Posts RM76.58 Million in Revenue for 2Q FY2022

PENANG, Malaysia, Aug 17, 2022 – (ACN Newswire) – CNERGENZ Berhad, an established electronics manufacturing solutions provider based in Penang, announced today that the Company recorded revenue of RM76.58 million for the second quarter ended 30 June 2022 (2QFY2022) on higher sales of standalone surface mount technology (SMT) machines and provision of integrated solutions due to continued demand from manufacturing activities in the electronics and semiconductor industries (E&S Industries). On a cumulative basis, the Company recorded revenue of RM113.48 million and net profit (PAT) of RM12.94 million for the 6-month period ended 30 June 2022.
Mr. Lye Yhin Choy, Chief Executive Officer of CNERGENZ Berhad


On a segmental basis, standalone SMT machines and equipment sales contributed 51.03% of the total revenue while provision of integrated solutions contributed 44.85% for the 2QFY2022.

Meanwhile, the Company's profit before tax (PBT) for the 2QFY2022 had doubled to RM12.35 million as compared to the immediate preceding first quarter ended 31 March 2022 (1QFY2022) PBT of RM4.87 million. This resulted in the Company recording PAT of RM9.30 million for the 2QFY2022, which represents an increase compared to RM3.64 million recorded in the immediate preceding 1QFY2022.

Chief Executive Officer of Cnergenz, Mr. Lye Yhin Choy said, "We continue to see a steady inflow of orders in the recent quarter for our integrated solutions and standalone SMT machines and equipment in the Malaysian, Thai and Vietnamese markets where we operate despite the global headwinds that the technology sector is encountering, attributed to the gradual reopening of economies in these countries which have contributed to increased sales and new enquiries for our products and solutions. We believe that the inflow of orders will continue to grow following the recent global uptick in sales of semiconductors, particularly during the second quarter of 2022, coupled with the continued demand for our solutions and products amongst industry players within the E&S Industries.

On operational front, we have entered into a conditional sale and purchase agreement with the Penang Development Corporation for the acquisition of a parcel of industrial land in Penang. Upon completion of the acquisition, we intend to embark on the construction of our new facility by channelling our initial public offering proceeds, which will enable us to scale up our operations, develop and market a wider range of smart manufacturing solution offerings.

As of 30 June 2022, we have secured purchase orders totalling RM72.60 million, out of which RM61.16 million are expected to be fulfilled by the end of 2022 and RM11.44 million are expected to be fulfilled by the end of 2023."

About CNERGENZ Berhad

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

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

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

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

ShareInvestor’s 15th INVESTFair Goes Physical Again and Attracts Strong Response from Investors, Sponsors and Exhibitors

SINGAPORE, Aug 17, 2022 – (ACN Newswire) – ShareInvestor Pte Ltd ("SI" or "the Group"), a leading regional media and technology company focused on equity market data, investor relations (IR), and investor education, announced today that its premier annual event INVESTFair has attracted a strong response from the investing community.

The event's "Era of Borderless Investing" theme resonates well with an investing community that now leverages on technology to trade "any product, any market, any time".

The Group's 15th edition of INVESTFair is a large-scale onsite event that will be held on Saturday 27th August 2022 from 9am to 6pm, at Suntec Singapore Convention and Exhibition Centre, Hall 404. To date, sponsors include SGX Group, Moomoo Singapore, TD Ameritrade Singapore, SPH Media, FTSE Russell, CSOP Asset Management, City Index, Lim and Tan Securities, USMART, Webull, Tiger Brokers, UOB Asset Management etc.

The event is expected to draw a sizeable crowd of retail and mass affluent investors. Entrance is free of charge, and visitors can register at https://investfair.com.sg/register.html

Mr Christopher Lee, CEO, ShareInvestor Group said "INVESTFair has been an annual event that investors have looked forward to since 2007. This year's line-up of top tier speakers, insightful panel discussions, innovative product exhibitors and generous lucky draws promises to make it an even more enjoyable as well as educationally enriching event."

Mr Gavin Chia, Managing Director, Moomoo Singapore and a Platinum Sponsor of the event said, "Our vision is to revolutionize Singapore's investing landscape by promoting both investor education and intelligent investment strategies. Investing is truly borderless. Many investors look to follow experts' ideas and strategies to create a sustainable, lasting wealth portfolio in a complex investing environment."

"Moomoo Singapore has strived to promote financial literacy through various partnerships that inspire and empower investment decisions. This year, Moomoo Singapore has returned to the physical INVESTFair, offering investors an opportunity to connect with industry veterans to share insights and learn strategies for shielding assets against market volatility and global inflation." Added Gavin Chia.

Mr Greg Baker, CEO of TD Ameritrade Singapore, said, "We are delighted to be a partner of INVESTFair once again, and to be a part of conversations that aim to help Singapore investors take better control of their financial lives. In today's fast-moving market, the most important asset investors can have is knowledge that will help them to trade quickly, decisively, and efficiently. We look forward to sharing how investors can stay on top of market trends and make more-informed investment decisions when trading in the U.S. markets, by leveraging our educational resources and thinkorswim(R) suite of platforms."

To know more about INVESTFair, please visit https://www.investfair.com.sg

About ShareInvestor (www.shareinvestorholdings.com)

A leading regional media and technology company, ShareInvestor Pte Ltd (SI) was founded in 1999 to empower investors to make informed investment decisions. SI focuses on providing investor relations, market data and investor education services, and operates the largest investor relations network in the region.

Over the past, 22 years, the SI Group has grown from 12 staff in Singapore to more than 130 staff in five countries (Singapore, Malaysia, Thailand, Indonesia and Australia). It has also made strategic investments in investor relations/public relations firm, Waterbrooks Consultants Pte Ltd (https://www.waterbrooks.com.sg/), and Singapore's leading social media platform for investors, Investing Note Pte Ltd (https://www.investingnote.com).

SI (https://www.shareinvestor.com/) provides online market data for multiple markets across its online platform tools ShareInvestor Station(TM), ShareInvestor WebPro(TM) and ShareInvestor Mobile. Its other products include Investor-One (https://www.investor-one.com/), a website on investor education, market news, corporate developments, and data analytics; as well as INVEST Magazine published weekly in Malaysia and monthly in the Singapore version.

It also assists public listed companies and financial institutions with their corporate website designs and technology services. SI organizes financial investment seminars and conferences for investors. Its annual large-scale events INVEST Fair(TM) ( https://investfair.com.sg ) in Singapore and Malaysia draws thousands of participants.

For more information, please contact:

Media Contact:
Mr Wayne Koo
Mobile: +65-9338-8166
Office: +65-6958-8008
Email: query@waterbrooks.com.sg, wayne.koo@waterbrooks.com.sg

Event Contact:
Ms Zhao Yan Jing
Office: +65-6958-8019
Email: yanjing.zhao@shareinvestor.com, events@shareinvestor.com



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

Trintech Announces Latest Release of CadencyDirect to Drive Greater Efficiency and Control across the Financial Close Process for ServiceNow Customers

DALLAS, TX, Aug 16, 2022 – (ACN Newswire) – Trintech, a leading provider of cloud-based financial close solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with new bi-directional workflows for close tasks, enhanced Journal Entry management capabilities, and a greater user experience.

"With this release, we are helping F&A teams continue to achieve enhanced visibility and control of critical financial data in order to handle risk with confidence," said Michael Ross, Chief Product Officer of Trintech. "With these new bi-directional workflows, ServiceNow customers are positioned to reduce complexity and risk, accelerate the overall process, and drive a greater experience for their teams."

Key capabilities of this release include:
– Bi-Directional Workflows: Users can individually or bulk close or reopen tasks within the ServiceNow(R) Application
– Enhanced Journal Entry Dashboard: Users can now filter and view all Journal Entry detail components
– Enhanced User Experience: Users can now access the CadencyDirect platform in a one-click, SSO-enabled user experience

"We are continuing to see companies driving digital transformation initiatives, including within the Office of the CFO," said Erica Volini, Senior Vice President, Global Alliances & Partner Ecosystem at ServiceNow. "Instrumental in our partnership with Trintech, CadencyDirect is representative of the technology investments companies must make to drive business transformation. CadencyDirect connects a historically siloed finance team to the broader enterprise for better collaboration, improved employee experience and enhanced operational excellence."

CadencyDirect is certified as part of the ServiceNow Built on Now(TM) program that complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – helping to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire enterprise. The platform combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading ERPs such as SAP(R), Oracle(R), and NetSuite(R).

Whether you're an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation, or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

HKTDC and Huatai International launch strategic partnership

HONG KONG, Aug 16, 2022 – (ACN Newswire) – The Hong Kong Trade Development Council ("HKTDC") and Huatai International Financial Holdings Company Limited ("Huatai") have unveiled a new one year strategic partnership to jointly promote the Dual Circulation Strategy laid down in China's 14th Five-Year Plan. The two parties aim to achieve three key objectives: 1) Complement the strategy by helping Mainland China enterprises go global, while attracting foreign investment into the domestic market, such as Guangdong-Hong Kong-Macao Greater Bay Area (GBA), thereby achieving a triple-win outcome for the project owners, investors and the Hong Kong service providers and advisers; 2) Reinforce and promote Hong Kong as an effective platform for mainland enterprises to invest overseas; and 3) Create strong synergy through the integration of the two parties' business platforms and investor and resource networks.
Dr Patrick Lau (L), HKTDC Deputy Executive Director, and Levin Wang (R), CEO of Huatai Financial Holdings (Hong Kong) Limited, unveiled the new strategic partnership between the HKTDC and Huatai.


Dr Patrick Lau, HKTDC Deputy Executive Director, said: "Hong Kong is not only a trading hub, but also an international investment hub. Our success in deal-making showcases the best of Hong Kong's ecosystem by providing all-round professional and finance services to Mainland China and the Asia region, facilitating part of the country's objectives of the Dual Circulation Strategy. Huatai Securities is one of the top securities houses in Mainland China, with Huatai International being its international business platform with financial expertise and capable teams in corporate finance. Therefore, it will be an ideal partner for HKTDC to achieve our objectives. I believe Hong Kong's dealmaker role is one way to make better use of Hong Kong's advantages to help not only mainland enterprises, but also create opportunities for Hong Kong and international firms, investors and project owners under today's complex international environment."

Levin Wang, CEO of Huatai Financial Holdings (Hong Kong) Limited, said: "As a statutory body of the Hong Kong Special Administrative Region Government with a global network, the HKTDC is an important conduit for Hong Kong's services industry to demonstrate its strengths and capabilities to the world. Huatai International is an important platform of Huatai Securities to develop overseas business. As a leading securities house with advantages in fintech, we provide high-quality, innovative and competitive financial products and services to our global clients. We are delighted to join hands with the HKTDC to demonstrate the strength of Chinese financial institutions in the international capital market, with the help of the HKTDC's wide networks, and contribute to consolidating Hong Kong's status as a financial centre."

To help enterprises seize opportunities in the GBA, which is a strategic national development initiative, the HKTDC is preparing to host the SmartHK event to promote Hong Kong's services sectors to mainland enterprises in Guangzhou, with Huatai as the Greater Bay Area business matching and investment partner. A senior representative from Huatai will join other star speakers to examine the collaboration opportunities and challenges awaiting Hong Kong and other GBA cities in the areas of finance, transportation, trade, aviation and innovation and technology (I&T).

In addition to seminars, SmartHK will feature a service consulting area to provide business-matching services for Hong Kong's professional service providers, research institutions and start-ups. The area will help them connect with mainland enterprises in the GBA to promote Hong Kong's financial, I&T and creative servicesand products. Huatai will set up a booth at SmartHK to foster stronger ties with participating mainland enterprises and provide pragmatic advice and diversified solutions for investment sourcing, financing arrangements, asset and risk management and other business requirements. Additionally, Huatai will help companies leverage different financial strategies to allocate assets or raise capital in order to expand their presence in the GBA and other domestic and overseas markets.

In the past five years, Huatai's total assets and revenue expanded 10-fold and nearly 30-fold respectively, while its number of staff doubled, making it the fastest-growing Chinese securities firm in recent years. As fintech expands into more application scenarios, Huatai has adhered to the group company's technology empowerment strategy and launched a one-stop global wealth management platform – the Zhangle Global app. Drawing on advanced technology, the app combines a brokerage service with wealth management and uses open architecture to empower local small and medium-sized securities firms, making Huatai a leader in fintech development in Hong Kong.

Huatai will also participate in HKTDC-organised business matching activities that are organised periodically in the mainland for the benefit of Hong Kong's services industry. These activities include financial services or cross-border investment missions, fundraising roundtables and "Hong Kong Team" missions. The aim is to provide practical advice and support to facilitate mainland enterprises' internationalisation, fundraising and business-expansion needs.

To date, Huatai has been invited by the HKTDC to join year-round deal-making and networking events, where Huatai explains to mainland enterprises the strengths of Hong Kong's financial services, including its comprehensive range of financial products, deep pool of financial talent, free capital markets and simple tax system. This enables mainland enterprises to better understand the benefits of using Hong Kong as a springboard for going global, including reducing overall costs, improving operational efficiency, capturing business opportunities in the international market and consolidating Hong Kong's position as an ideal fundraising platform for mainland enterprises under the 14th Five-Year Plan.

Among these events, the Hong Kong-Hubei Virtual Fundraising Roundtable, organised by the HKTDC, successfully organised 60 one-to-one business matching sessions between 25 mainland enterprises and 10 Hong Kong professional services providers. During the event, the HKTDC connected Huatai with mainland companies with fundraising needs from various sectors, including biotech, healthcare, new media, consumer staples and more. Huatai also held online matching meetings with several mainland enterprises and reached preliminary intent to cooperate.

Photo download: https://bit.ly/3JUeeOF

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.

About Huatai International

Huatai International Financial Holdings Company Limited ("Huatai International") is a wholly owned subsidiary and overseas business platform of Huatai Securities Co., Limited (601688.SH and 6886.HK) (the "Group" or the "the parent company" or "HTSC"). Huatai International operates its Hong Kong business via its wholly owned subsidiary Huatai Financial Holdings (Hong Kong) Limited ("Huatai Financial")which holds the SFC licence to carry out type 1, 2, 4, 6 and 9 regulated activities. It also carries out the US wealth management business via AssetMark and the US investment banking business via Huatai Securities (USA). Because of its strong capital base, excellent business operations, and mature risk management, the Standard & Poor's credit rating of BBB+ for long-term issuer and A-2 for short-term issuer were assigned to Huatai International[1], which shows the group's well-recognized international business development by the international market.

[1] November 2021: https://tinyurl.com/mstuvk9

Media enquiries
Hong Kong Trade Development Council
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org

Huatai International Financial Holdings Company Limited
Sidney Leng, Tel: +852 3161 3541, Email: sidneyleng@htsc.com

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

Elite Partners continues acquisition spree with the purchase of a warehouse in Poland

Singapore, Aug 16, 2022 – (ACN Newswire) – Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to EUR30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands.


The asset is well-located in Central Poland, being in the immediate vicinity of the A1 motorway, national roads DK 42 and DK 91, as well as key railway junctions. It is the first facility within "LOOGIC Park Radomsko" logistics park which will eventually house 11 warehouse halls totalling 380,000 sqm over 80 hectares of land.

The warehouse provides a total usable area of approximately 54,000 sqm and achieved an 'Excellent' BREEAM certification. It was constructed by FB ANTCZAK, Polish general contractor, as a Built-to-Suit facility for JYSK, a big box retailer of household goods. JYSK is the largest Danish retailer operating internationally with over 3,000 stores in 48 countries globally. The warehouse is used primarily for high-volume storage and is strategically located near the main JYSK Distribution Center. This allows JYSK to distribute goods efficiently and lower transport costs, ultimately having a positive effect on the environment through reduction of CO2 emissions.

This is the first Polish acquisition for the second series of EPC's Logistic Funds. "Following our recent string of successful investments, we are pleased to announce the acquisition of the Polish warehouse facility that is fully let to JYSK," said Mr Victor Song, CEO of Elite Partners Capital. "We are no stranger to the Polish market and have forged trusted relationships on the ground. Because of this, we are able to efficiently source for select opportunities that provide attractive returns even in today's volatile market."

Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

For this transaction, DLA Piper (Legal) advised Elite Partners Capital and AXI IMMO Group acted for the Vendor.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

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

Society Pass (Nasdaq: SoPa) Marks First Foray into Indonesia by Acquiring Jakarta-based NusaTrip, Indonesia’s First International Air Transport Association-Accredited Online Travel Agency

JAKARTA, Aug 15, 2022 – (ACN Newswire) – Society Pass Inc (Nasdaq: SOPA), Southeast Asia's ("SEA") next generation digital ecosystem, announces the acquisition of NusaTrip ("NusaTrip"), a leading Jakarta-based Online Travel Agency ("OTA") in Indonesia and across SEA. The NusaTrip acquisition extends SoPa's business reach into the booming SEA regional travel industry and marks SoPa's first foray into Indonesia as well as adds to SoPa's growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand.


Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, NusaTrip pioneered offering a comprehensive range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, explains, "We happily welcome NusaTrip into our ever-expanding SoPa ecosystem. NusaTrip seamlessly blends into our user and merchant growth strategy as we enter yet another leading SEA market. We combine the robust technology and operational breadth of NusaTrip's e-commerce travel platform with our extensive brand building experience in SEA. With this acquisition, SoPa now cross-pollinates and integrates our six verticals (loyalty, lifestyle, food & beverage, telecoms, digital media and travel) into one cohesive loyalty and e-commerce platform to provide enhanced products and services for our consumers and merchants throughout the largest countries of SEA. SoPa has grown from strength to strength in 2022 as we opportunistically acquire market leading companies and partner with visionary entrepreneurs, underlining our unique aggregator approach that reflects immediate returns in terms of increased revenue generation and cost optimisation."

Patrick Soetanto, Society Pass Indonesia Country Manager, adds, "We will expand NusaTrip's services to support future growth pathways in more SEA countries in the very near future by integrating more travel product lines in its mix and developing more competitive products for a much larger international and regional audience."

Well-positioned to benefit from a high-growth travel industry, Indonesia's and SEA's inbound and outbound travel revenues are expected to continue soaring as increasingly more consumers engage in post-pandemic travel. This marked increase in demand is driven by strong government initiatives to boost tourism, the rise of Indonesia's burgeoning middle class and strong internet penetration, which enables more Indonesians to easily book flights and hotels through OTAs.

"NusaTrip is proud to officially partner with SoPa. By joining forces with SoPa's extensive ecosystem and large user and merchant bases in SEA, we are thrilled about the combined marketing capabilities. With the revival of the travel market throughout SEA in 2Q/3Q 2022, NusaTrip aims to dramatically increase its customer base by offering the region's business and leisure travellers more competitive, no-surcharge hotel and flight fares, convenient payment methods, and speedy itinerary bookings with our user-friendly platform," comments Menak Galumbang, Co Founder, Nusatrip.

About Society Pass

As a digitally-focused loyalty and data marketing ecosystem in Vietnam, Indonesia, Philippines, Singapore and Thailand and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

SoPa's business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and increases customer retention for merchants. Since its inception, SoPa has amassed over 3.3 million registered consumers and over 205,000 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting-edge components to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and Mangan, the leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

Alaska Mining Sells 51% Interest to Australian Nanotechnology Specialist

KUALA LUMPUR, Aug 15, 2022 – (ACN Newswire) – Alaska Mining Sdn Bhd is pleased to announce that its sole shareholder, Lee Hon Kit, is selling a 51% interest in the Company amounting to A$5.0 million (RM15.2 million) under a share sale agreement to Nanopac Alaska Sdn Bhd (NASB).
Director of Nanopac Alaska Sdn Bhd Henry Cheang; Managing Director of Alaska Mining Sdn Bhd Lee Hon Kit; Acting CEO of Nanopac Alaska Sdn Bhd Tobby Tan, and Chairman of Nanopac Innovation Limited, Dato' Dr Cheng Kok Leong[L-R]


NASB is a unit of Nanopac Innovation Limited, which is listed on the Sydney-based National Stock Exchange of Australia. Nanopac principally engages in the research and development, manufacturing, distribution and servicing of nanotechnology materials and products. Nanopac's other businesses include Nano-Solar panels and raw materials for paint industry. Mr. Lee is the sole shareholder of Alaska Mining, which is an earthworks and mining specialist as well as a trader of a variety of goods and logistics services provider.

Under the agreement, the sale of the 51% interest in Alaska Mining by Mr. Lee to NASB will be satisfied through the issuance of new shares in Nanopac to be paid in two tranches. The first tranche of new shares amounting to A$2.5 million (RM7.77 million) will be paid up front following the share sale agreement while the second tranche of new shares amounting to A$2.5 million (RM7.77 million) will be paid out after the Company has achieved A$5.0 million (RM15.2 million) in net profit. As part of the share sale agreement, Mr. Lee will be appointed the managing director of Alaska Mining.

Alaska Mining has been granted rights to mine sands to be processed into silica and ilmenite, from which a Chinese business group has agreed to an offtake agreement in relation to part of the ilmenite produced.

Mr. Lee expressed that he is looking forward to working with NASB and Nanopac to grow the mining business and at the same time ensure there is a steady flow of silica for Nano-Solar panel production and ilmenite for its paint products.

"This acquisition is advantageous to Nanopac as this secures a steady flow of raw materials for Nano-Solar and existing line of products, which it would otherwise have to source through third parties."

"The mining operations will also give Nanopac a source of recurring income as the silica and ilmenite that it does not require will be sold to others while ensuring that the mining operations remain commercially sustainable, as the offtake agreement with the Chinese business group shows."

Mr. Tobby Tan, Acting Chief Executive Officer of NASB said, "We welcome Mr. Lee to the Nanopac family and we have no doubt that with his knowledge and experience, we will be able to grow the mining business to greater heights. We also believe that the acquisition of the stake will add to our production capabilities and is positive for the growth of Nanopac's solar panels and paints businesses."

Nanopac Alaska Sdn Bhd https://www.nanopac.com.my/

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

Announcement of Intention to Delist American Depositary Shares from the New York Stock Exchange and Intention to Deregister and Terminate Reporting Obligations under the U.S. Securities Exchange Act

BEIJING, CHINA, Aug 12, 2022 – (ACN Newswire) – Aluminum Corporation of China Limited ("Chalco" or the "Company")(NYSE: ACH; HKEx: 2600; SSE: 601600) today announced that it has notified the New York Stock Exchange ("NYSE") on August 12, 2022 (U.S. Eastern Time) of its proposed application for voluntary delisting of its American depositary shares (the "ADSs") from the NYSE and deregistration of such ADSs and the underlying overseas listed foreign shares (the "H Shares", with a par value of RMB1 each) under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Due to a number of considerations, including the limited trading volume of the ADSs of the Company as compared to the worldwide trading volume of H Shares of the Company, and the considerable administrative burden and costs associated with maintaining the listing of the ADSs on the NYSE and the registration of the ADSs and the underlying H Shares with the U.S. Securities and Exchange Commission (the "SEC") and complying with the periodic reporting and related obligations under the Exchange Act, the board of directors (the "Board") of the Company approved the delisting of the ADSs from the NYSE and the deregistration of the ADSs and underlying H Shares under the Exchange Act.

As such, the Company intends to file a Form 25 with the SEC on or around August 22, 2022, to delist its ADSs from the NYSE. Such delisting is expected to become effective ten days after the filing of Form 25. The last trading day of ADSs on the NYSE will be on or about 1 September 2022. On and after such date, the ADSs of the Company will no longer be listed on the NYSE and whether or not the Company's ADSs will be traded on the over-the-counter market thereafter will depend on the actions of shareholders and independent third parties, without the Company's involvement.

After the delisting becomes effective, once the Company satisfies the conditions for deregistration, the Company intends to file a Form 15F with the SEC to deregister the ADSs and underlying H Shares under the Exchange Act. Thereafter, the reporting obligations for the Company under the Exchange Act will be suspended unless Form 15F is subsequently revoked or rejected. The deregistration and the termination of the reporting obligations of the Company under the Exchange Act are expected to become effective 90 days after the filing of Form 15F. Upon the filing of Form 15F, the Company will make available the information required by Rule 12g3-2(b) under the Exchange Act on its website at www.chalco.com.cn. The Company, as a listed issuer, will also continue to comply with its financial reporting and other obligations under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The Company intends to terminate its ADSs program in an appropriate manner in accordance with the deposit agreement in due course after the delisting of the ADSs from the NYSE.

The Company reserves its right in all aspects to postpone or withdraw the above filings prior to their effectiveness; if necessary, the Company will make any further announcement as required by the Listing Rules and other applicable laws.

ABOUT CHALCO

Chalco is a leading enterprise in the non-ferrous metal industry in China, ranking among the top in the global aluminum industry in terms of comprehensive strengths, and is a large manufacturer and operator with the integration of exploration and mining of bauxite, coal and other resources; production, sales and technology research of alumina, primary aluminum, aluminum alloy and carbon products; international trade and logistics services, as well as electricity generation from coal and new energy.

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This announcement may contain, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements are based on the Company's current assumptions, expectations and projections about future events. The Company uses words like "believe", "anticipate", "intend", "estimate", "expect", "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are necessary estimates reflecting the judgment of the Company's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause the Company's actual performance, financial condition, or results of operations to be materially different from those suggested by the forward-looking statements. Except as required by law, the Company undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.

For enquiries, please contact:

Aluminum Corporation of China Limited
Mr. Ge Xiaolei, Company Secretary
Tel: (86-10) 8229 8322
Fax: (86-10) 8229 8158
Email: xl_ge@chalco.com.cn; IR@chalco.com.cn


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

Society Pass backed Thoughtful Media Group Announces New CEO and Vision to be the Leader in Digital and Social Commerce in SEA

BANGKOK, Aug 10, 2022 – (ACN Newswire) – Society Pass Inc (Nasdaq: SOPA) recently announced the acquisition of Thoughtful Media Group ("Thoughtful Media" or "TMG"), a social commerce-focused, premium digital video MPN headquartered in Thailand with an operating presence in the US, Vietnam, and Philippines. The acquisition of Thoughtful Media marks SoPa's first foray into Thailand and adds to SoPa's growing ecosystem of technology-enabled companies located in the SEA countries of Vietnam, Philippines, Singapore and Thailand.

Along with this latest acquisition, Bien Kiat Tan has been appointed as the CEO of TMG, along with Jittra Cheng as TMG Thailand Country Director and Quynh Vo as TMG Vietnam General Manager. The three executives will drive Thoughtful Media forward in its next stage of growth.

TMG is a leader in digital and social commerce across Southeast Asia region. Thoughtful Media recorded revenues of US$5.8 million in 2021. Since its founding, Thoughtful Media's data-rich MPN has uploaded over 675,000 videos with over 80 billion video views. The current network of 263 YouTube channels has onboarded over 85 million subscribers with an average monthly viewership of over 600 million views.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, said, "Thoughtful Media's social commerce-focused business model perfectly complements our future growth strategy for Society Pass as we drive consumer eyeballs and generate revenues for riveting consumer brands throughout SEA. I am proud to appoint Bien Kiat Tan as the CEO of TMG, along with Jittra Cheng as TMG Thailand Country Director and Quynh Vo as TMG Vietnam General Manager, and look forward to their expert leadership in steering our operations to greater heights. As we grow our presence across SEA, we are confident that the SoPa ecosystem will nurture and accelerate the growing portfolio of brands."

Originally founded in 2010, Thoughtful Media today creates and distributes digital advertising campaigns across its MPN in both SEA and the US. With its intimate knowledge of local markets, digital marketing technology tools and social commerce business focus, advertisers leverage Thoughtful Media's wide influencer network throughout SEA to market and sell advertising inventory exclusively with specific placement and effect. As a result, Thoughtful Media's content creator partners earn a larger share of advertising revenues from international consumer brands. And according to Accenture, the social commerce market is poised to grow to US$1.2 trillion by 2025 at a CAGR of 26%.

Bien Kiat Tan, CEO of TMG, shares his enthusiasm saying, "Partnering with Society Pass allows Thoughtful Media to unlock strategic opportunities with influencers and advertisers as well as design cross-marketing synergies for companies in the SoPa ecosystem. Powered by these synergies, we are confident in driving tremendous revenue growth in 2022 and beyond. Focusing on the new influencer market trends, TMG is nurturing its content creators to develop Short Videos and build presence in the Social Commerce space, which is booming in Vietnam, Thailand, Philippines, Singapore and Indonesia. TMG is creating synergies by leveraging its creators and creative talent to serve the sister platforms in the SOPA ecosystem as well as its Brands and millions of consumer base."

Welcoming the renewed foray, TMG Thailand Country Director, Jittra Cheng said, "Given the immense potential of the Thai market, I look forward to lead TMG to be the leader in digital and social commerce across SEA, backed by SoPa's unique modus operandi, and take my team along in this successful journey. With an amplified focus on content creators, TMG is building additional support including infrastructure like new studios for its influencers and creators to host live streaming, and educating creators on content across multiple platforms. TMG assists its creators in effective monetisation through social commerce and earning commissions while working with brands."

TMG looks at doubling its current team size of 17 to over 30 people in the next couple of years, powered by the growing ubiquity of social media influencers on shaping purchase decisions and driving increasingly greater numbers of brands to shift advertising budgets to this dynamic outlet. Thoughtful Media's digital advertising tools and expertise bolsters Society Points, SoPa's paradigm shifting loyalty platform. SoPa's product offering uniquely positions Thoughtful Media as a leading SEA retail marketing and advertising hub for international and regional consumer brands.

About Society Pass

As a loyalty and data marketing ecosystem in Singapore, Vietnam, Philippines, and Thailand and with offices located in Singapore, Hanoi, Ho Chi Minh City, Manila, Angeles and Bangkok, SoPa is an acquisition-focused e-commerce holding company operating 7 interconnected verticals (loyalty, merchant software, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of consumers and thousands of merchants across multiple product and service categories throughout SEA.

SoPa's business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and retention for merchants. Since its inception, SoPa has amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in Southeast Asia. SoPa operates #HOTTAB Biz and #HOTTAB POS – a Vietnam-based POS, CRM and analytics technology solutions provider for small and medium-sized enterprises, Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and Mangan, the leading local restaurant delivery service in Philippines. For more information, please check out: http://thesocietypass.com/.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

Fraktiq Debuts its Flagship Project “Baoyue Vase NFT” *

HONG KONG, Aug 3, 2022 – (ACN Newswire) – Fraktiq, the world's first blockchain platform for fractionalized historical artifacts, is pleased to announce the debut of its flagship project and the offering details of the "Baoyue Vase NFT". To raise public awareness and appreciation of the artifact's cultural value, a VIP appreciation session of the "Blue and White Phoenix Vase" ("Baoyue Vase") was held on 26 and 27 July 2022 at Wanchai. Celebrities, professional investors and media representatives were invited to get a first glimpse of the true colors of the artifact made during the Yongle period of the Ming Dynasty, which is part of Fraktiq's effort in promoting the appreciation of the historical artworks, as well as the story and cultural heritage behind the masterpiece.

Fraktiq is co-founded by experts from art, finance and blockchain technology, dedicated to decentralize the art treasure market for collector's treasures items by using Non-Fungible Token ("NFT") technology, at the same time encouraging more digital collectors to manage and co-own the art piece together in the form of a Decentralized Autonomous Organization ("DAO") membership, so as to promote the historical backstories of the art treasures to the public while preserving Chinese culture.

"Hong Kong is the art hub of Asia, offering comprehensive valuation, auction, custodian and legal services, with an increasing number of individuals and professional investors participating in the field of historical and digital art, all these factors make Fraktiq the ideal ground to fulfill its mission.", said Louis Li, Co-founder of Fraktiq.

Fraktiq's first flagship project, "Baoyue Vase NFT", uses financial technology to lower the entry barrier of historical treasures collection. The "Baoyue Vase NFT" project offers the management rights of the Baoyue Vase in the form of 10,000 NFTs to the market. In which, 40% (4,000 pieces) of the NFTs will be available for professional investors from now until 18 August. During the public offering phase, starting from 19 August, 60% (6,000 pieces) of the NFTs will be available for the general public. Each NFT is priced at 1,050 USDC.

Randy, Co-founder of Fraktiq, said, "With reference to the auction price of a similar artifact of the Blue and White Phoenix Vase, that was sold at Sotheby's for over HK$100 million, the Baoyue Vase in this project is verified and valued at approximately HK$80 million by auction house. The Baoyue Vase NFT project is incorporated in the Marshall Islands as a DAO LLC, which provides legal protection to the project. In the future, we will register every artifact launched on the Fraktiq platform as a DAO LLC in the Marshall Islands to encourage participants to jointly manage and promote the cultural value of historical treasures."

To promote public awareness, the project team held a private appreciation session of the "Baoyue Vase" at Wanchai on 26 and 27 July, inviting celebrities and media representatives to have a first look at this historical masterpiece, which was made during the Yongle period of the Ming Dynasty. Mr. Louis Li said, "We believe that it is important to encourage more people to witness the unique charisma of the artifact in order to promote Chinese culture and art appreciation. Therefore, we shall arrange exhibitions in museums around the world. We are also donating 10% of the proceeds from the sale of the 'Baoyue Vase NFT' to charity, to support the promotion of historical art appreciation to the public and enable our next generation to better understand the splendor of history and culture."

*This information is intended for general purposes only and does not constitute any offer, solicitation or recommendation for any product

About Fraktiq
The world's first blockchain platform for fractionalized historical artifacts, Fraktiq provides a legally recognized and trusted way for the public to collectively own artifacts through blockchain technology. In doing so, it achieves two main missions:

Preserving precious artifacts for future generations

Artistic masterpieces record the history of humankind and highlight years of artistic achievement. They deserve to be cherished and protected.

Limited artifacts to meet infinite demand

The number of artworks with rich historical value is very limited. With the passage of time, they are prone to natural aging and thus, becoming increasingly rare. With blockchain technology, Fraktiq hopes to make rare artworks that exude artistic charisma and history last forever.

For more details, please refer to: https://fraktiq.art


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