HONG KONG, May 8, 2023 – (ACN Newswire) – Despite facing numerous challenges over the past year, including a global economic slowdown and weak demand for consumer electronics, Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect and communication interconnect, has achieved remarkable results.
On April 27, Luxshare Precision released its annual report for 2022 and its first quarter results for 2023. In 2022, the company achieved operating revenue of approximately RMB214.028 billion, representing a year-on-year increase of 39.03%. Net profit attributable to shareholders of the listed company was about RMB9.163 billion, representing a year-on-year increase of 29.6%.
In the first quarter of 2023, Luxshare Precision kept its growth momentum, achieving operating revenue of RMB49.942 billion, representing a year-on-year increase of 20.05%. Net profit attributable to shareholders of the listed company was RMB2.018 billion, representing a year-on-year increase of 11.9%.
Although the market raised questions about Luxshare Precision's reliance on a single large customer, from the recently published financial report can we see that it has chosen to grow alongside the world's prime clients and has better credit terms than its peers. This not only accelerates the turnover of accounts receivable but also ensures a healthy cash flow.
In 2022, Luxshare Precision's net cash flow from operating activities was RMB12.728 billion, representing a year-on-year increase of 74.72%, which shows a significant improvement. At the same time, the company's accounts receivable turnover days in 2022 were 48.5 days, showing a decrease of 4.66 days.
According to news from Taiwan's Economic Daily News on April 26, Apple will include Pegatron and Luxshare Precision as iPhone 15 series suppliers. It is expected that Pegatron will obtain iPhone 12% assembly share of 15 Pro mobile phones, while Luxshare Precision will obtain 15% assembly share of iPhone 15 Ultra mobile phones. Based on market data, Luxshare Precision shipped approximately 20 million iPhones in 2022, and under optimistic estimates, the company's iPhone shipments this year could increase to 42-50 million units.
In addition, Luxshare Precision's R&D investment has seen a steady increasement in recent years. In terms of R&D investment, the company has invested a total of RMB20.834 billion in the past three years, of which RMB8.447 billion was invested in 2022, hitting a five-year high. In 2022, the company has accumulated 4,526 invention patents, representing an increase of 46.47% compared to the end of 2021, leading the industry in R&D strength.
It is also worth noting that the company's interim report forecast for 2023 was also released alongside the Q1 report, showing that Luxshare Precision's performance in the first half of 2023 has stable progress. Net profit attributable to shareholders of the listed company for the first half of 2023 is expected to be RMB4.162-4.541 billion, representing a year-on-year increase of 10%-20%.
In summary, Luxshare Precision is moving from a single business mode to a more diversified and comprehensive development. Given the vast blue ocean market and great growth opportunities, it is believed that Luxshare Precision has a promising future.
STURBRIDGE, MA, May 2, 2023 – (ACN Newswire) – Photonis, a leading electro-optic manufacturer, has supplied key instrumentation that has aided in the achievement of laser fusion ignition. On December 13th, 2022, The U.S. Department of Energy (DOE) and the National Nuclear Security Administration (NNSA) announced the first-ever, controlled laser fusion reaction to produce scientific energy breakeven, achieved at Lawrence Livermore National Laboratory's (LLNL) National Ignition Facility (NIF). This major scientific breakthrough, decades in the making, provides unprecedented capability to support NIF's national security mission and invaluable insights into the prospects of clean fusion energy. This monumental achievement is the first step to a possible future of a net-zero carbon footprint.
Photonis & LLNL
Successful detection of the reaction was made possible with key instrumentation supplied by Photonis. The instruments: Stripline Microchannel Plates (SL-MCPs) and Streak Tubes, were integrated into various diagnostic systems installed within the fusion reactor to detect both x-rays and visible light that were emitted from the reaction. The detection of these signals contributes to determining the resulting energy yield.
Stripline MCPs used in the Diagnostic System are equipped with electrode strips to allow the propagation of high frequency electrical fields along the strips. The electrode strips provide the ability to sequentially turn on each microchannel as fast as the electrical charge can permeate the surface, producing high speed sequential images.
Streak Tubes are unique devices for capturing and measuring ultra-fast light phenomena. Photonis Streak tubes can be applied in streak, framing, or synchroscan-modes, with a wide range of available photocathodes for detection from low energy X-ray to near infrared. The high sensitivity, low-noise photocathodes provide high uniformity, excellent signal-to-noise ratio, and a high shutter ratio, while bilamellar electro-optics support (sub) pico-second temporal and extremely high spatial resolution. These characteristics are ideal for capturing low-level light signals such as the ones emitted by the fusion reaction.
Photonis is proud to be part of this exciting achievement. With its high level of expertise, Photonis' engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow's clean fusion energy running!
Learn More about LLNL's Fusion Ignition Success Here: National Ignition Facility achieves fusion ignition | Lawrence Livermore National Laboratory (llnl.gov)
About Photonis
Photonis is a market-leading provider of electro-optic solutions used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer quality technologies for integration into a wide-variety of applications, such as night vision optics, digital cameras, mass spectrometry, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience of partnering with our customers to provide the world's leading detection systems, Photonis has the experience to meet the specific challenges of the many markets we serve.
THE SEARCH FOR MALAYSIAN REAL ESTATE ACHIEVERS BEGINS ANEW
KUALA LUMPUR, Malaysia, May 2, 2023 – (ACN Newswire) – Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate.
The 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023.
Bringing two of the nation’s most respected awards programmes to set a new single benchmark for excellence in Malaysian real estate, the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023 via: asiapropertyawards.com/nominations
Now in its 10th year of celebrating achievements in property development and design, the search for Malaysia’s finest real estate begins anew at an auspicious time as Malaysia’s economy shows impressive growth. The Malaysian economy expanded by 8.7% YoY in 2022—the highest annual growth recorded since the year 2000 (8.9% YoY). The economy is expected to expand by 4.0% to 5.0 % in 2023, supported by firm domestic demand and ongoing improvements in the labour market.
Although demand for homes is likely to be tempered in the first half of 2023 due to rising interest rates, the second half of the year is shaping up to be more promising as the Chinese economy opens, according to the PropertyGuru Malaysia Property Market Report Q1 2023. The relaxation of Covid-19 measures in China is set to boost the economy in the second half of the year through an increase in tourist arrivals and reduced supply chain disruptions.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are thrilled to celebrate the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty. Built on two strong brands and guided by Malaysia’s most trusted property advisors, our awards programme leverages our combined expertise and network to further raise the benchmark of property development and design in the country. The Awards also serve as a quality benchmark for buyers looking to invest in Malaysia’s finest real estate.”
The black-tie gala celebration is scheduled to take place at The Majestic Hotel Kuala Lumpur, the official venue of the Awards, on Friday, 24 November 2023.
Key dates for the 2023 edition: 30 June 2023 – Entries Close 24-26 July 2023 – Live Judging Days 17-30 July 2023 – People’s Choice Awards voting period 24 November 2023 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia 8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand
The public are also encouraged to submit their nominations before the deadline of entries on 30 June 2023 here: asiapropertyawards.com/nominations
In addition, the People’s Choice Awards will allow consumers and residents in Malaysia to vote for their preferred and most trusted developers, honouring 10 companies that deliver the Best in Trust, Quality, and Value for Money.
Respected leaders, experts
A distinguished panel of judges, comprising 18 respected leaders and experts in real estate consultancy, architecture, interior design, finance, legal, and related fields, will discuss and deliberate over entries during the Live Judging Days in late July 2023.
Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects: 2020-2022, has been elected chairperson of the independent panel of judges in 2023. He succeeds Dato’ Sr Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018, who remains on the panel, to the chairpersonship.
Datuk Ar. Ezumi Harzani Ismail said: “I am so pleased to lead the independent panel of judges of the Awards in Malaysia as the programme recognises the finest real estate in the country for the 10th year running. Along with the independent panel of judges, I join Malaysia’s consumers in helping reward the achievements of the real estate sector and moving the recovering economy towards progress and prosperity. With this year’s entrants and competitors, we will raise the bar of design and development together in Malaysia.”
HLB, the official supervisor of Awards, will oversee the judging and make sure the process is fair, transparent, and credible. John Ler and Kelvin Chew, international contact partner and managing partner for HLB Ler Lum Chew – HLB Malaysia, respectively, will lead the third-party team of supervisors.
Qualifying as the Best in Asia
Main winners from the PropertyGuru Asia Awards Malaysia in partnership with iProperty will qualify to compete for regional accolades at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December.
Malaysia’s finest real estate won several ‘Best in Asia’ honours at the 17th PropertyGuru Asia Property Awards Grand Final 2022. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia) while Infinity8 Reserve JBCC by Infinity Group won Best Co-Working Space (Asia).
Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.
Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.
In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.
PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.
1 Based on SimilarWeb data between July 2022 and December 2022 2 Based on Google Analytics data between July 2022 and December 2022 3 Based on data between July 2022 and December 2022 4 Based on SimilarWeb data between July 2022 and December 2022
PROPERTYGURU CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
Media & Partnerships: Nate Dacua, Media Relations & Marketing Services Manager M: +66 92 701 2510 E: nate@propertyguru.com
LANSDALE, PA, May 1, 2023 – (ACN Newswire) – Greene Tweed, a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components, announces its investment plans for a new manufacturing facility in Cheongju-si, Chungcheongbuk-do, Republic of Korea.
Greene Tweed is investing in Korea to support the continued growth of the global semiconductor industry. The company plans to manufacture some of the most widely adopted and advanced elastomer seals that consistently enable reliable performance and meet the most demanding specifications and standards. The facility is expected to start production in early 2024. The new manufacturing site will enable Greene Tweed to increase global capacity, enhance its business continuity plans, and help improve lead times and responsiveness for their global customers.
"Greene Tweed has a history of investing to support future growth that enables the company's long-term operational capabilities & continued innovation, and increases our capacity to facilitate our customers' growth. This new Korean manufacturing site will help enable our customers' technology roadmaps and growth plans," said Magen Buterbaugh, President and CEO.
The groundbreaking ceremony for the facility is planned for June, with construction estimated to be completed in early 2024. The new facility will combine Greene Tweed's proven and tested technologies with advances in automation to manufacture products at the high standards that customers demand and expect. While the facility may eventually produce additional product lines, the new capacity will initially be dedicated to Greene Tweed's Chemraz(R) product line, a leading brand for sealing solutions to semiconductor, energy, and industrial markets. "The facility will focus on creating value and improving delivery time to customers. Over the last few years, the instability in the global supply chain has been every customer's top priority. Greene Tweed continues to prioritize our customers' needs by investing in technology and operation efficiency. We are excited to continue growing our capacity and capability to better support the global demand for our products," says Thyag Sadasiwan, Business Unit Director – Chemraz(R).
The announcement of the investment was made by Allon Bloch, Chairman of Greene Tweed, at a forum hosted by the US Chamber of Commerce's US-Korea Business Council, with Yoon Suk Yeol, President of the Republic of Korea. The company would like to thank the Ministry of Trade, Industry and Energy, as well as the Korea Trade Investment Promotion Agency for their support of this project.
To learn more about Greene Tweed's full range of capabilities, visit: https://www.gtweed.com/.
Greene Tweed is a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components. Combining more than 150 years of technical expertise and commercial knowledge in a variety of markets, Greene Tweed collaborates with customers to develop engineered solutions that meet challenging performance requirements of the aerospace/defense, energy, semiconductor, industrial, life sciences, and chemical processing industries.
Greene Tweed products are sold and distributed worldwide. For additional information, call +1.215.256.9521, or visit http://www.gtweed.com.
Contact Information Lee Kershner Corporate Marketing lkershner@gtweed.com +1.215.853.4527
SINGAPORE, May 1, 2023 – (ACN Newswire) – Singapore-based precision cleaning and cleantech equipment manufacturer JE Cleantech Holdings Ltd (NASDAQ: JCSE) ("JCSE" or "JE Cleantech" or the "Company" and together with its subsidiaries, the "Group") has released its annual report for the financial year ended December 31, 2022. The Group enjoyed a solid financial showing in financial year ended December 31, 2022, with gross profits surging from USD 1.7 million to USD 3.8 million or an increase of 120% YoY. The Group generated a net income of USD 0.9 million for the financial year ended December 31, 2022.
JE Cleantech's robust performance in the financial year ended December 31, 2022 comes on the back of a strong economic recovery in Asia following the Covid-19 pandemic lockdowns. Its business momentum suggests a bright perspective for the coming years. During the financial year ended December 31, 2022, JCSE completed 30 more orders and increased revenue by 26.2% to USD 13.9 million. The majority of JCSE's orders came from (i) Singapore which accounted for 54.5% of JCSE's revenue, and revenue contributed from this region increased by 57.4%; and (ii) Thailand which accounted for 12.7% of JCSE's revenue, and revenue contributed from this region increased by 51.6%.
"The post-pandemic recovery has affected our business very positively and across our markets, we have seen an increase in demand, especially for our precision cleaning systems and centralized dishwashing systems," said Ms Hong Bee Yin, Founder and CEO of JCSE. "With many hospitality businesses gradually reaching their pre-pandemic peaks, we expect our centralized dishwashing systems to see even more demand."
Looking ahead, JCSE is expanding further into tech hardware and robotics. "Automation and digitization are core priorities for us along with expanding our product range," elaborated Ms Hong. "We are also looking into overseas expansion, but we remain committed to Singapore as a priority market." The Company is planning to use its internal resources to facilitate aggressive growth in 2023.
Earlier this year, JCSE partnered with a Singaporean deep-tech manufacturer to co-develop an industry-revolutionizing cleaning robot. Along with expansion plans, JCSE is looking further to improve its environmental footprint, having already announced the installation of solar panels in its main facility earlier this year.
Other Highlights for the Financial Year Ended December 31, 2022: – Overall gross profit margin was 27.5%, up from 15.9% YoY – Revenue from the provision of centralized dishwashing and ancillary services increased by 24.2% to USD 5.4 million YoY – Revenue from sales of precision cleaning systems and other equipment segment increased by 27.8% to USD 8.5 million YoY – The sale of precision cleaning systems and other equipment resulted in a gross profit margin of 40.8%, up from 23.3% YoY – The provision of centralized dishwashing and ancillary services resulted in a gross profit margin of 11.1%, up from 4.5% YoY – In 2022, JCSE was awarded the Clean Mark Silver Award by National Environment Agency of Singapore
About JE Cleantech Holdings Limited
JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of precision cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.
Disclaimer: Forward looking statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.
AN EXCLUSIVE GALA DINNER AND PRESENTATION CEREMONY WILL BE HOSTED IN MELBOURNE FOR THE 2023 EDITION
SYDNEY, AU, Apr 28, 2023 – (ACN Newswire) – The PropertyGuru Asia Property Awards (Australia) programme officially opened its sixth edition in 2023 as overseas property seekers return to the renowned investment destination.
CaptFrom L-R: Josh Chye, Partner, Tax Consulting, HLB Mann Judd, the awards official supervisor; Lui Violanti, Chairperson of the PropertyGuru Asia Property Awards (Australia) and regional manager for Western Australia at Inhabit Group; Jules Kay, General Manager of PropertyGuru Asia Property Awards and Events; and Sally Picot, Group General Manager of Sales, Scape Australiaion
Australia’s finest developers and design practices may submit their entries to the 6th PropertyGuru Asia Property Awards (Australia), which will be presented for the first time ever in Australia during a black-tie gala dinner and ceremony in Melbourne in October.
The launch of the Awards in Australia comes as residential real estate in the country strengthens its reputation as a long-term, stable-growth asset class for end use and investment. Australia during the pandemic emerged as a safe haven where residential property prices have since continued to grow, according to research by Property Report by PropertyGuru, the official magazine of the Awards. This has emboldened Asian buyers to look for second homes in the popular international education destination following eased border restrictions.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The Awards in Australia have grown to be much more comprehensive in the post-pandemic era, expanding to cover more states and a wider range of developers. This reflects the needs of an increasingly diverse pool of domestic and international property seekers, including upgraders, seniors, international students and foreign investors. This year, we plan to celebrate the diversity and success of the Australian market in new, even more exciting ways.”
Lui Violanti, chairperson of the PropertyGuru Asia Property Awards (Australia) and regional manager for Western Australia at Inhabit Group, said: “With great excitement and pride, we open the 2023 edition of the Awards in Australia to worthy entries from all over the country. We challenge Australia’s finest developers and design practices to showcase their latest and greatest achievements to the rest of Asia Pacific as property seekers across the region eagerly search once more for the country’s best homes, aged-care environments, student accommodations, commercial spaces, mixed-use sites, and investment assets. The sixth edition of the Awards in Australia are truly something to look forward to this year.”
In a milestone occasion, the PropertyGuru Asia Property Awards (Australia) will be celebrated for the first time within the country at the Grand Hyatt Melbourne ballroom on Friday, 13 October.
Key dates for the 2023 edition: 4 August 2023 – Entries Close 28 August – 15 September 2023 – Site Inspections 19 September 2023 – Final Judging 13 October 2023 – Gala Dinner and Awards Ceremony in Melbourne, Australia 8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand
The public are also encouraged to submit their nominations before the deadline of entries on 4 August 2023 here: asiapropertyawards.com/nominations
Jules Kay, General Manager of PropertyGuru Asia Property Awards and Events
Connecting with international property seekers
Jules Kay and Lui Violanti led the ‘Connect with Southeast Asia’ event at Pullman Quay Grand Sydney Harbour that officially launched the 2023 edition of PropertyGuru Asia Property Awards (Australia).
Sally Picot, group general manager of sales at Scape Australia, winner of the Best Student Accommodation Development award at the 5th PropertyGuru Asia Property Awards (Australia) 2022, attended the launch in Sydney. Also in attendance was Josh Chye, partner and head of tax at HLB Mann Judd, representing HLB, the official supervisor of the Awards.
HLB, the global network of independent advisory and accounting firms, is responsible for upholding the fairness, credibility, and integrity of the selection process. As the official supervisor of the Awards, HLB makes full use of a professionally run, fully transparent judging system.
The selection process, which includes rigorous site inspections and deliberations, involves an independent panel of judges. Led by Lui Violanti, the judging panel is composed of experts in a wide array of fields from architecture and design to real estate consultancy.
Top award recipients from Australia will be eligible to compete with their peers across the Asia-Pacific region at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand. Last year, Spacious Group won the Best Boutique Developer (Asia) title at the 17th PropertyGuru Asia Property Awards Grand Final. Paradiso Place by SPG Land clinched both the Best Smart Building Development (Asia) and Best Integrated Work From Home Development (Asia) awards while Zero Gipps by Dare Property Group and The Archwood Residences by Mayrin Group won the Best Eco Friendly Commercial Development (Asia) and Best Housing/Landed Architectural Design (Asia) awards, respectively.
Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.
Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 6th PropertyGuru Asia Property Awards (Australia) are supported by official magazine Property Report by PropertyGuru; official publicity partner Good Talent Media; media partners Australian Property Journal, The Property Tribune, and Your Investment Property Magazine; and official supervisor HLB.
For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.
ABOUT PROPERTYGURU ASIA PROPERTY AWARDS
PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.
In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.
SINGAPORE, Apr 27, 2023 – (ACN Newswire) – ASTI Holdings ("ASTI" or the "Company") said today that any attempt to overhaul the composition of its current board of directors would potentially disrupt operations and financial performance after a recent turnaround, and be counter-productive to ongoing efforts to secure an exit offer to unlock value for shareholders.
The directors were responding to the 53-page 3 April 2023 Circular released by four shareholders – Mr. Ng Yew Nam ("Mr. Ng"), Mr. Lim Chee San, Mr. Toh Cheng Hai and Mr. Ng Kok Hian – who had requisitioned to replace the current board of SGX Mainboard-listed ASTI with new directors. The directors consider several statements in the circular to be "wrong or misleading or give an incomplete picture".
While the requisitioners had highlighted "adverse developments… and the deteriorating value of the Company's shares", the directors said ASTI had declared an interim dividend of 0.45 Singapore cent for the financial year ended 31 December 2022 ("FY2022") – its first from operating profits in a decade – after recording a profit after tax of S$3.0 million that reversed a pre-tax loss of S$8.1 million in FY2021.
The Board said the FY2022 turnaround led by Mr. Anthony Loh (the CFO who was given additional duties on 31 December 2021 as Acting CEO) was achieved after retrenchments at ASTI and its 40.9%-held subsidiary Dragon Group International Limited ("DGI"), ceasing loss-making units, downsizing corporate and administrative functions and relocating to a smaller office.
Notably, the Directors added, the cost-cutting included reducing the remuneration of the then CEO, Dato' Michael Loh and the then Group Business Development Director Mr. James Soh ("Mr. Soh") which reduced total employee remuneration by S$3.3 million per year. The latter is one of two candidates proposed by the requisitioners as incoming executive directors.
Mr. Soh was ASTI's Vice President of Business Development from 2019 up to his retrenchment in 2021, a tenure which coincided with the Company's recent loss-making years. He was concurrently the Vice President of Business Development at DGI. In FY2020, Mr. Soh was ASTI Group's highest-earning employee (excluding the CEO and directors) with an annual remuneration range of S$500,000 to S$599,999. In FY2019, he was one of the top four earners in the Group, with annual remuneration of between S$250,000 to S$499,999, ASTI said.
Despite the FY2022 performance, ASTI could not meet the deadline of 5 June 2022 to exit the SGX-ST Watch-list as its six-month average daily market capitalisation was short of the S$40 million threshold. After several attempts to extend the deadline were rejected, ASTI's shares were suspended from 5 July 2022 pending the completion of an exit offer. ASTI is currently in discussions with Thailand-listed Capital Engineering Network Public Company Limited on a potential exit offer.
"The Company's positive performance in FY2022 puts it in a stronger position to secure a fair and reasonable exit offer for shareholders as part of its directed delisting. This remains the Board's immediate priority, and it is presently working hard to secure the same in order to maximise value to the Company's shareholders," ASTI said.
An overhaul of the management team and the removal of Acting CEO Mr. Anthony Loh "would potentially disrupt the Company's operations and affect the Group's financial performance moving forward. The Proposed Resolutions would also be counter-productive to the Board's efforts to secure an exit offer in the near future" ASTI added.
ASTI also expressed concerns relating to the two persons that the requisitioners had proposed as incoming executive directors – Mr. Ng and Mr. Soh.
ASTI directors believe Mr. Ng has limited experience managing a listed company and "in navigating the company through the delisting and exit offer processes." While the requisitioners' circular had cited Mr. Ng as the current managing director of iTrue Technologies Pte. Ltd. and iTrue China Private Limited, a search of the ACRA business registry did not find any company registered under the latter name. ASTI urged shareholders to seek clarification as to whether there may be any other omissions, errors, or inconsistencies in the information provided by Mr. Ng in the Circular.
As to the other proposed executive director, Mr. Soh – a former Vice President of Business Development of the Company – who is now a business consultant to ASTI "had on several occasions declined the Board's various invitations to familiarise himself with the Company's business". Also, he has no prior understanding of the Company's tape and reel business operations in the Philippines, the Directors said.
The Directors also asked if the Proposed Directors including Mr. Soh and Mr. Ng had "a reasonable timeframe in which they aim to achieve a successful exit offer should they be appointed, whether they currently already have viable leads on an exit offer and whether they would be prepared to share these with the Company now that the Requisitioning Members have failed to call the Proposed EGM."
The Board announced last week that the Extraordinary General Meeting originally proposed to be held on 5 May 2023 ("Proposed EGM") was invalid and does not and cannot constitute a proper EGM as the requisitioners had failed to despatch relevant documents to shareholders on time.
The Board warned requisitioners "not to take any further step towards any purported 'postponement' of the Proposed EGM", and that such actions "would be treated as deliberatively disruptive… as well as an attempt to sow confusion on the other shareholders."
The Board also "exhorts the Requisitioning Shareholders as well as Mr. Soh to be "transparent and forthcoming", and requested that Mr. Ng "should be transparent as to his possession or control of, or access to, one or more shareholding list(s) of the Company, or else he should issue an unequivocal denial. He should also explain the several sale and purchase agreements he entered into in February 2023… the price(s) he agreed to pay for the shares in question, and his motivations for so doing despite the fact that the trading of shares in the Company is suspended."
Media & Investor Contact Isaac Tang WhatsApp (Text): +65 9748 0688 asti@wer1.net
KUALA LUMPUR, Apr 26, 2023 – (ACN Newswire) – Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, is pleased to announce that the Group has received a letter of award from Reliacon Sdn. Bhd. for bored piling works worth RM30.28 million related to a serviced apartment and office project located in Bandar Melaka.
Managing Director of Aneka Jaringan, Pang Tse Fui
The project involves bored piling works for one 41-storey block of serviced apartments, one 40-storey block of serviced apartments, one 15-storey office block, a seven-storey car park and one level of commercial space.
The project commences in May and is expected to take eight months to complete.
Managing Director of Aneka Jaringan, Pang Tse Fui said, "The Group is steadily getting jobs as we focus on our markets in Malaysia and Indonesia. This will replenish our order book and assist the Group in improving the topline and bottomline performance while contributing positively to the financial years ending 31 August 2023 (FYE2023) and 31 August 2024 (FYE2024).
"We will continue to seek projects from the government and private sectors of both Malaysia and Indonesia and are anticipating a strong pipeline of projects."
Aneka Jaringan has an order book of RM137 million as of 30 November 2022, with Malaysian operations contributing RM124 million and Indonesian operations contributing RM13 million.
As of 31 March 2023, the Group's tender book stood at RM1.19 billion, with tenders in Malaysia valued at RM1.12 billion and tenders in Indonesia valued at RM68 million.
Bogota, Colombia, Apr 22, 2023 – (ACN Newswire) – HostDime, a hyper-edge global data center company, is proud to announce its new Tier IV Colombia Data Center has received the EDGE (Excellence in Design for Greater Efficiencies) certificate, which is awarded to buildings that demonstrate resource efficiency of at least 20 percent in energy, water, and embodied energy in materials.
EDGE is a green building standard and a global certification system developed by the World Bank's International Finance Corporation that certifies the design and resource efficiency of green buildings. EDGE is a measurable way for builders to optimize their designs to help create a sustainable future and provide better investment rates for HostDime and their clients.
HostDime's Colombia "Nebula" Tier IV Data Center is the first data center in Latin America to meet these EDGE certification standards.
"We are very proud of obtaining the first EDGE Green Certificate in Latin America. Incorporating all these environmental features in our New Colombia Tier IV 'Nebula' Data Center allows us to operate one of the most sustainable data centers in the world. Our commitment is aligned with the broader data center industry's ESG efforts. As we continue to build out our next-gen purpose built Tier IV Data Centers throughout Latin America, we will continue to adapt such sustainable features while also taking advantage of renewable energy sources," says Edwin Tello, VP of HostDime Latin America.
Data centers account for an estimated 1% of worldwide electricity use, so the industry must be conscious of its responsibilities. ESG (environmental, social, and governance) considerations are crucial when designing, constructing, and operating purpose-built data centers. Taking ESG issues seriously maximizes operational efficiencies and reduces overall risks.
Power consumption can be used to measure data center efficiency. PUE (Power Usage Effectiveness) is the measurement of how efficiently a data center uses energy. The lower the PUE, the better. While HostDime achieves at or under 1.3 PUE in their constructed data centers, most providers have a PUE in the 1.6 or higher range. Bringing PUE down across the data center industry is an obtainable and worthwhile objective. HostDime's purposeful use of power-efficient electrical components, modular POD footprints, hot aisle containment, highest efficiency chillers, and renewable energy use all correspond to a large reduction in annualized PUE.
HostDime continues to carry out additional actions to improve energy efficiency in its purpose-built facilities in Brazil, Mexico, Colombia, and the USA.
Last year, HostDime invested $1.2 million in the construction of a solar power plant to support the entire power infrastructure of their Joao Pessoa, Brazil, data center, as well as a planned 30% expansion.
This year, HostDime will open their flagship data center and headquarters in Orlando, Florida. The rooftop of this facility will feature high-density solar panels; up to 1MW of the facility's 5MW will be powered by the sun. Taking advantage of the Florida sun will reduce operating costs, lock-in energy costs, and decrease their carbon footprint.
"We are constantly evolving our data center designs and best practices to create energy efficiencies so that we can build and operate facilities that positively impact future generations." – David Vivar, HostDime's VP of Global Engineering.
HostDime's green initiatives solidifies to their staff, customers, and the marketplace that ESG principles are held to the highest importance. Designing and building an environmentally friendly green data center should be a pattern followed by every new data center worldwide. On this Earth Day, we must take a stand and take care of our resources that are not infinite; together, we can do it.
About HostDime:
HostDime is a hyper-edge global data center company operating our owned purpose-built data center facilities in Mexico, Brazil, Colombia, and our flagship facility in Florida, USA, and with owned networks in the UK, India, and Hong Kong. Our mission is to design, build, and operate purpose-built, next-gen data center facilities at the global edge.
We offer an array of core digital infrastructure products and services, including colocation (private data center suites, cages, racks), interconnection (cross-connects, peering, transit), Hardware-as-a-Service (bare metal servers, lease-to-own servers, hardware procurement), cloud infrastructure (private, hybrid, multi-cloud), and managed services (server management, remote hands, smart hands).
Contact Information: Jared Smith Director of Marketing jared.s@hostdime.com 386-341-0855
MIAMI, FL, Apr 3, 2023 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies") SKYX, a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that Al Weiss, former President of Worldwide Operations of Walt Disney Parks and Resorts, has joined SKYX as a senior business development advisor. Mr. Weiss will assist the company with strategic business introductions, partnerships, and engagements in the U.S. and globally.
Prior to joining SKXY, Mr. Weiss had a distinguished 39-year career at The Walt Disney Company. Starting as an 18-year old cast member, he climbed the ranks holding several senior positions including President of Walt Disney World Resorts from 1994 – 2005, at which point he was appointed Disney's Worldwide President of Operations. While serving as President of Worldwide Operations of Walt Disney Parks and Resorts, he oversaw Disney's worldwide amusement parks, hotels-resorts, cruise lines, as well as products and experiences. Beyond Disney, Weiss has held various leadership positions, including Chairman of the Metro Orlando Economic Development Commission, Trustee at the University of Central Florida as well as Stetson University, and serving on the founding Board of Directors for Travel Promotion. In 2018, he launched Global Blockchain Ventures, a $100 million fund to invest in blockchain technology, where he serves as Chairman and General Partner.
Mr. Weiss said: "I am truly excited to join Rani, the SKYX team and their 'movement', as I strongly believe that the safety aspects and smart features of SKYX's smart platform technologies are game changing and will become a new standard for safe and smart homes, buildings, hotels and even cruise ships."
"We are happy and proud to announce that such a prominent business leader is joining the SKYX 'movement'," said Rani Kohen, Founder and Executive Chairman of SKYX Platforms. "In his new role, Mr. Weiss will assist the Company with strategic introductions, partnerships, and other engagements both in the U.S. and globally. I look forward to working closely with him to open new doors for SKYX in the quarters ahead."
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.
SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://SKYXPlatforms.com or follow us on LinkedIn.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "can," "could," "continue," "estimate," "expect," "evaluate," "forecast," "guidance," "intend," "likely," "may," "might," "objective," "ongoing," "outlook," "plan," "potential," "predict," "probable," "project," "seek," "should," "target" "view," "will," or "would," or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. Such forward-looking statements include statements such as that the safety aspects and smart features of SKYX's smart platform technologies are game changing and will become a new standard for safe and smart homes, buildings, hotels and even cruise ships. These statements reflect the Company's reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company's efforts and ability to drive the adoption of Sky's Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Media Relations Contacts: Britney Ouzts/Barbara Goldberg O'Connell & Goldberg, Inc. (754) 204-7074/ (954) 294-4677 bouzts@oandgpr.com / bgoldberg@oandgpr.com
Investor Relations Contact: Lucas A. Zimmerman MZ North America (949) 259-4987 SKYX@mzgroup.us
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