ACROMETA clinches record $31 million contract for semiconductor industry

SINGAPORE, Apr 22, 2022 – (ACN Newswire) – Catalist-listed AcroMeta Group Limited (ACROMETA; SGX: 43F), today announced that its wholly owned subsidiary AcroMec Engineers Pte Ltd (ACROMEC) has won a $31 million contract for the fit-out of an additional floor within the existing integrated advanced manufacturing facility in Singapore of a leading high-tech customer. When completed in 2023, the expansion will substantially increase its manufacturing capacity.

ACROMEC's specialties in controlled environment engineering

The ability to succinctly and precisely control physical variables such as temperature, air purity, humidity, and pressure in facility, like the product manufacturing space is a mission critical requirement. ACROMEC is ready to take on this project with the requisite track record, having completed numerous projects in clean rooms, laboratories and advanced manufacturing facilities.

Completion of previously announced project for Nasdaq-listed Genscript Biotech's Singapore R&D and manufacturing facility

ACROMEC'S strong track record is also seen having, earlier on, successfully completed the prestigious contract for the design and construction of Genscript's R&D and production laboratory facilities where they are used for the manufacture of the first-in-world C-Pass Serological Test Kit by the Duke University-NUS Medical School collaboration. C-Pass is a game-changing blood testing kit that determine a person's level of immunity against COVID-19 after vaccination.

Strong outlook for ACROMETA's controlled environment engineering business

ACROMETA Co-Founder, Chairman and CEO Lim Say Chin is heartened by the sizeable contract win. It reflects well on the high level of confidence that our Customer has on us. He said, "We are optimistic on the growth of our controlled environment business. Our business is well positioned for the Post-COVID world. We are having more customers investing in building facilities again for the future, both to prepare for the next pandemic and to prepare for technological growth. Indeed, we see activities building up in the biotechnology and semiconductor sectors, and we are glad to serve this space."

The contract is expected to commence soon and will materially contribute positively to the earnings per share and net tangible assets per share of the Group for the financial year ending 30 September 2022.

SGXNET Reference: https://tinyurl.com/SGX-43F-20220422

About AcroMeta Group Limited [SGX: 43F] [RIC: ACRI.SI] [BB: ACRO.SP]

AcroMeta Group Limited (previously AcroMec Limited) is an established specialist engineering services provider with more than 20 years of experience in the field of controlled environments. The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA's business is divided into two main segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; and (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure.

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

The company has been listed on the Catalist board of the SGX since 2016, and became AcroMeta Group Limited (previously AcroMec Limited) on February 18, 2022. For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Mr Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

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

This media release has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

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

Kitchen Culture’s business transformation at risk – funds raised not accounted for

SINGAPORE, Apr 21, 2022 – (ACN Newswire) – As the single largest shareholder of Kitchen Culture Holdings Ltd. ("Kitchen Culture") with a 21.19% stake, OOWAY Group Ltd. ("OOWAY Group" or the "Group") shares the frustration of many shareholders who raised concerns over matters of internal controls and governance ahead of Kitchen Culture's recent Annual General Meeting held on 18 March 2022.

We are deeply disappointed by the findings of Baker Tilly Consulting (Singapore) Pte. Ltd.'s ("BTC") latest report which confirm our worst fears regarding the shocking matters of concern which were first revealed in June 2021 after Kitchen Culture's Audit Committee engaged BTC to review its internal controls.

In August 2020, Kitchen Culture entered into a sale and purchase agreement and a shareholder's agreement with OOWAY Group to acquire a 30% equity stake in OOWAY Technology Pte. Ltd. ("OOWAY Technology") at a purchase consideration of S$23.92 million (the "Purchase Consideration") to be satisfied by way of the allotment and issue of 90,000,000 new ordinary shares in the capital of Kitchen Culture at an issue price of S$0.2658 per ordinary share ("Acquisition").

Mr Liu Yanlong, representative for OOWAY Group, said, "We welcomed Kitchen Culture as a strategic investor in OOWAY Technology given the mutual benefits of the acquisition, which was in line with Kitchen Culture's diversification strategy and OOWAY Group's expansion in the ASEAN region. OOWAY Group provided an opportunity for Kitchen Culture to leverage our network and capabilities, as well as to participate in the significant growth potential of Big Data analytics and Artificial Intelligence."

Kitchen Culture's diversification strategy was crucial as it had long suffered from recurring losses and negative operating cash flow from its core business as a kitchen solutions provider for 8 years and was in a dire state at the time of the acquisition.

The combination of the newly raised funds and OOWAY Technology's gilt-edge technical capabilities would have provided new engines for growth and hastened the return to profitability for Kitchen Culture.

Prospective investors present at OOWAY Group-led investment roadshows, eventually took up equity in Kitchen Culture, with the expectation of the game-changing business diversification through the acquisition of OOWAY Technology. Unfortunately, the raised capital has not materialised into any effort in business transformation.

Instead, we are deeply disappointed with the findings of the BTC report, which revealed that the gaps in Kitchen Culture's financial operating procedures led to[2]:

– Risk of misuse of Kitchen Culture's funds
– Risk of unauthorised use of proceeds obtained from the S$19.23 million of funds raised
– Risk of diversion of raised funds to purposes outside business diversification purposes
– Risk of questionable debt repayments to third parties
– Lack of independence and checks and balances in approving and processing payments
– Lack of accountability and traceability over entertainment expenses
– Lack of documentation for personnel hiring and pay increments
– Inappropriate operating structure involving multiple family members as management staff

These risks which were unknown to us prior to the acquisition have had a major impact on our growth plans as ongoing audits, investigations and lawsuits require significant time and resources, a challenging situation further compounded by the historical losses. Furthermore, Kitchen Culture has suffered reputational damage as a result of these issues.

Kitchen Culture's last traded price of S$0.08 per share marks an unrealised loss of close to 70% or S$16.72 million for the OOWAY Group following the completion of the acquisition. On the other hand, OOWAY Technology's value has remained stable during this period, which is also Kitchen Culture's key asset. As OOWAY Technology continues its development and making encouraging progress to grow its business, the long-term value of Kitchen Culture's stake in OOWAY Technology remains fundamentally intact.

Mr Liu added, "As a shareholder of Kitchen Culture, we have sustained significant losses, but we remain committed to growing our business together with Kitchen Culture and intend to provide the funding support needed in the near term to allay going concern issues."

The latest BTC report has identified S$7.22 million as "unmatched". This is a staggering sum and OOWAY Group hopes that the Management of Kitchen Culture investigates further to get to the bottom of this issue, so that any and all discrepancies will be ultimately accounted for to shareholders.

The Commercial Affairs Department (CAD) has recently requested for copies of the BTC reports for further review and investigation. We call on the new Board of Kitchen Culture to continue its relentless efforts to strengthen internal controls and implement BTC's recommendations without delay and to cooperate with the CAD to leave no stone unturned in fully resolving all outstanding issues, so we can lead the company in business transformation again.

Our confidence in Kitchen Culture's new Board to safeguard the interests of shareholders remains strong, but it must work hard to rebuild long-term value for Kitchen Culture and its shareholders.

BTC's Schedule of Matched and Unmatched Expense Items[3]
https://www.acnnewswire.com/docs/Multimedia/Low_OOWAY20220421.jpg

General Announcement:: UPDATE ON REVIEW BY BAKER TILLY CONSULTANCY (SINGAPORE) PTE. LTD. https://bit.ly/386bU8i
General Announcement:: ASSISTANCE IN THE REVIEW BY THE COMMERCIAL AFFAIRS DEPARTMENT https://bit.ly/3jWNY9U

[1] "Unmatched" refers to situations with any of the following criteria:
– Expenses cannot be traced to the bank statements
– Details of expenses cannot be traced to the underlying supporting documents
– Description of the expenses on the supporting document is not in line with the categories of utilisation as stated in Kitchen Culture's schedules
[2] These risks and gaps reflect the summary of findings listed in Kitchen Culture's response to SGX queries on 12 July 2021
[3] Rounded up to two decimal points

About OOWAY Technology Pte. Ltd.

OOWAY Technology is a big data AI technology company which uses innovative applications to creatively design intelligent digital products and models used in multiple fields. It does so by forming a closed loop of the entire process which includes data collection, model analysis, and intelligent applications.

OOWAY's development of an advanced technology platform – DIGIT (Digital Innovation of Global Integrated Trade) propels it to leading the way in a new era of B2B trading 4.0. By integrating the vitality of global trading businesses with emerging digital technologies, OOWAY's credit 3.0 technology is combined to construct a smart platform that ensures the authenticity and credibility of global trade whilst reducing costs, increasing efficiency and facilitating trade in a more reliable fashion. OOWAY brings to users the 5S operating framework, pushing out a new form of Ultimate Trade (UT). This has enabled global trade to evolve towards a new stage of standardization and intelligence.

Issued by OOWAY Group Ltd.

Media Contact:
Email: service@ooway.com

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

Trintech Announces New Chief Human Resources Officer

DALLAS, TX, Apr 20, 2022 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Monna Nevils as Chief Human Resources Officer (CHRO) of Trintech. With a focus on employees, Nevils will help Trintech continue to build an engaged, inclusive, and high-performing culture. She will lead all aspects of human resources, including talent acquisition, learning and development, organizational development and effectiveness, compensation and benefits, diversity and inclusion programs, and benefit systems.

"Businesses don't create value; people do. Our employees are the heart of our business which is why I am thrilled to welcome Monna as our new CHRO focused on continuing to provide our employees with a great place to work and ways to grow and develop their careers," said Teresa Mackintosh, Chief Executive Officer of Trintech. "Monna's strong track record and rich experience in talent development and change management across teams will help us to ensure we continue to build an agile culture of inclusivity and personal growth for all, while attracting the talent to meet the evolving needs of our customers in this digital world."

Nevils joins the Trintech team with more than 20 years of experience holding global HR leadership roles spanning industries such as technology, real-estate, banking, and healthcare. She is a creative and innovative global human resources executive with experience in aligning the people function to the overall business strategy, developing and executing plans that amplify an inclusive, collaborative culture. Her broad experience includes M&A, change management, talent acquisition, succession planning, learning and development, performance management and total rewards. Prior to joining Trintech, Nevils was the VP, HR – Americas; Global HRBP, Product Marketing for Datalogic. She also served as the Chief Human Resources Officer for Behavioral Health Group (BHG). Nevils earned her MBA from the University of Houston and undergraduate degree in business from Lamar University. She is also a certified trainer and coach and has her Senior Professional in Human Resources (SPHR) certification.

"I am very excited to be joining Trintech as the new CHRO to continue building upon the strong foundation of practices Trintech already has in place today," said Monna Nevils, Chief Human Resources Officer of Trintech. "It is evident to me that Trintech prioritizes a customer and people-centric culture and passion for innovation, and I look forward to partnering with the team to develop a progressive and aligned global HR strategy to support an environment where talent and culture continue to be a foundational and driving factor in the success of Trintech."

Trintech has most recently been named a Dallas/Fort Worth "Best and Brightest Companies to Work For(R)" 2022 Elite Award Winner by the National Association for Business Resources. Interested in joining our team? Check out our open positions here. https://www.trintech.com/careers/

About Trintech

Trintech Inc., a leading global provider of cloud-based financial close solutions for the Office of Finance, 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 and fiduciary 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, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

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

Yang Xiaosong: The Institutional Investor’s Road to Carbon Neutrality

BEIJING, Aug 30, 2021 – (ACN Newswire) – Yang Xiaosong, CEO of China Southern Asset Management Co., Ltd. ("Southern Asset Management"), was asked to deliver the keynote speech at the first ESG Global Leaders Summit on August 26 in Beijing, sponsored by Sina Finance ESG Channel and CITIC Publishing Group. The Summit presented an opportunity to meet with global regulatory, business, investment and academic circles to discuss the future of ESG. The topic Yang chose for his address was The Road to Carbon Neutrality for Institutional Investors.

Faced with the increasingly severe challenges of the climate crisis, China made the solemn promise of "30.60 Carbon Peak and Carbon Neutrality" at the UN Climate Summit last year. As the world's largest developing country, China has actively promoted "carbon peak and carbon neutrality", which not only demonstrates the country's broad mind and responsibility, but also points out the direction for China's economic and social comprehensive green transformation and sustainable development.

"Carbon peak and carbon neutrality" will promote structural changes in the economy and society, including changes in energy structure, industrial structure, and consumption structure. In this process, on the one hand, professional investment institutions will give full play to the function of optimizing resource allocation and provide long-term funding sources for green and low-carbon high-quality enterprises; on the other hand, the carbon neutral industry chain breeds huge investment opportunities. Professional investment institutions can Through the layout of new opportunities for industrial upgrading and technological breakthroughs, it will create returns for investors and create value for society.

As a leading domestic institutional investor, Southern Asset Management attaches great importance to the research and practice of sustainable development finance. As early as 2018, it joined UNPRI (United Nations Responsible Investment Organization) and took the lead in establishing an ESG management structure, an ESG evaluation system and an ESG evaluation system. Investment system, implement active shareholder strategies, and explore the guiding role of investment on the real economy. "Carbon peaking and carbon neutrality" is an important part of ESG investment. Regarding how institutional investors can promote "carbon peaking and carbon neutrality", we have the following thoughts and explorations:

One is to build a "carbon emissions" database with the help of financial technology.

Carbon emission data is an infrastructure for the financial industry to measure the climate change risks faced by enterprises, and it is also an essential part of asset pricing revaluation. Public funds need to conduct a more comprehensive and three-dimensional analysis of investment targets through big data collection, and fully integrate carbon emission databases with active research. However, the actual situation is that the ESG information disclosure data of domestic companies is incomplete. As of May 2021, there are only 1092 and 149 listed companies that actively disclose ESG data and carbon footprint data, accounting for 25% and 3.6% respectively (Data source: "Statistical Research Report on Information Disclosure of A-Share Listed Companies in 2020", "Analysis Report on Information Disclosure of A-Share Listed Companies in Response to Climate Change 2021"). In this regard, Southern Asset Management has completed the carbon emission measurement database of all more than 4,000 listed companies in A-shares through external data collection, financial technology, and algorithms. This forms the basis for our in-depth research and investment.

The second is to optimize the investment framework and reduce the carbon footprint of the asset portfolio.

With the opening of the national carbon trading market, a clear carbon pricing mechanism internalizes the social costs incurred by enterprises, and also provides us with an important reference for repricing the risks and returns of enterprises. It can be expected that with the improvement of the carbon credit allocation mechanism, the impact of carbon trading on asset prices will gradually increase. In the past year, Southern Asset Management has significantly reduced the investment ratio of high-polluting and high-energy-consuming companies, and the weighted average carbon emissions of the stock portfolio have fallen by more than 40%. (Internal data of Southern Asset Management).

The third is to enrich the supply of products and promote the research and development of carbon emission products.

Public equity funds help investors share the growth dividends of the carbon neutral industry through investment strategies and product research and development. For example, we have conducted research on the carbon emissions of the CSI 300 component stocks in the past ten years. The low-emission component stock strategy has gradually produced excess returns in 2016, and the excess returns have increased significantly from 2019. In addition, in the future, new energy may be a long-term investment direction centered on technological progress, technological upgrading and energy efficiency improvement of "carbon neutrality". At the product level, we have deployed Southern ESG theme equity funds, Southern China Securities New Energy ETF and feeder funds, and Southern New Energy Industry Trend Hybrid Fund.

The fourth is to fulfill social responsibilities and improve the carbon emission management system.

Southern Asset Management has established an internal carbon emission management system to account for the company's carbon emissions in accordance with internationally accepted standards. The company headquarters building received LEED Gold Award-Energy Saving and Emission Reduction Building Certification. In addition, through voluntary carbon emission reduction certified emission reductions (VCUs/Verified Carbon Units) and international green certificates (I-REC/International Renewable Energy Certificate), we have completed the full amount of direct and indirect carbon emissions in the company's operations. Offset, achieved carbon neutrality of the company's operating system in July 2021.

The fifth is to establish an ecosystem and continuously enhance the influence of ESG.

We promote the establishment of the ecosystem through the following levels. First, Southern Asset Management is a 100+ member of Climate Action, and is committed to promoting the emission reduction and transformation of 161 major greenhouse gas emitting companies in the world through the implementation of an active shareholder strategy; Southern Asset Management has released the first domestic ESG investment annual report for public funds this year, improving the transparency of ESG investment and promoting industry development by improving information disclosure. At the same time, we are also a signatory member of TCFD (climate-related financial information disclosure) and invest in ESG In the annual report, detailed environmental information is disclosed in accordance with international standards.

"Carbon peaking and carbon neutrality" is a complex, long-term and systematic project. On the way to a "zero carbon future", Southern Asset Management will firmly focus on the goal of "carbon peak and carbon neutrality", based on its origins in the asset management industry, and is committed to providing more efficient and professional financial services for green and low-carbon development. We are willing to work with all partners to create a beautiful future in which "green water and green mountains are golden mountains and silver mountains" and harmonious coexistence of man and nature!

Yang Xiaosong
Chief Executive Officer
China Southern Asset Management Co., Ltd.
August 26, 2021

As a leading mutual fund in China, Southern Asset Management honors its social responsibilities. Apart from taking an active part in environmental protection and public welfare programs, it fully integrates ESG into its operation and investment. Southern Asset Management is a signatory of UN Principles for Responsible Investment and a member of the China ESG Leaders Association and the Climate Action 100+. It was among the first to launch an ESG Equity Fund in China to encourage ESG investment across the country. Its ESG efforts have been widely recognized, as evidenced by the honors it has received over the years, including the China ESG Golden Awards by Sina.com, the Evergreen Award by Caijing and the China Green Finance Award by Asiamoney.

Contact: Zhang Wanyi, Southern Asset Management
E: zhangwanyi@southernfund.com, U: http://www.southernfund.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Omar Choucair, Trintech CFO, Accepted into Forbes Finance Council

DALLAS, TX / ACCESSWIRE, Aug 24, 2021 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced its CFO, Omar Choucair, has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms.

Choucair was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

"We are honored to welcome Omar into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Finance Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world."

As an accepted member of the Council, Omar has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Omar will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

"This is a critical time for CFOs across the business spectrum – our role is evolving at a breakneck pace, and I can't think of a better community with whom to ideate on what the future can and should look like," Choucair says. "I'm excited to join the Forbes Finance Council and share insights around industry trends I'm involved in firsthand with our clients, like digital transformation in the Office of Finance, challenges and opportunities around a hybrid workplace and emerging cybersecurity best practices."

Omar has over 20 years of experience leading both the financial and administrative organizations for public and private software/services companies. He managed several companies who experienced significant revenue and cash flow growth through both organic and acquired assets. Additionally, he has completed numerous M&A transactions as well as managed public and private equity/debt financings.

Prior to joining Trintech, Omar was the CFO of Multiview, a Warburg Pincus-backed B2B software platform providing marketing services to over 17,000 B2B customers in North America. Omar also served as the CFO of DGFastchannel/Sizmek (NASDAQ: SZMK), a B2B software platform delivering mission-critical media content. Additionally, he served as the VP Finance for AMFM, Inc (NASDAQ:AMFM), one of the largest U.S. radio holding companies which was ultimately acquired by Clear Channel Communications. Omar began his career as a CPA at KPMG, where he managed publicly traded large multi-national services and technology company audits over a period of ten years.

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Finance Council, visit forbesfinancecouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

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.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

KGiSL wins Common infrastructure for Brokers Back Office Project from Stock Exchange of Thailand

India / Malaysia, Aug 17, 2021 – (ACN Newswire) – KGiSL, a global IT Products, Solutions, and Services provider, today announced the landmark contract that was won by KGiSL against significant competition from one of the largest stock exchanges in the ASEAN, The Stock Exchange of Thailand (SET). KGiSL will rollout Dolphin – a state of the art, cutting-edge technology back-office (BO) platform for brokers in Thailand. The platform will be hosted by SET and will be made available to brokers. The implementation is expected to be completed in the next 16 months.

KGiSL's flagship product for Capital Markets – Dolphin, caters to 60% of the leading institutional brokers in India by supporting their back-office clearing and settlement operations. The new platform is set to become the one-stop-shop solution to the brokers of Thailand with its ability to handle multiple asset classes including Equities, Bonds, and Offshore Trading, for both retail and institutional brokers. The next generation technology platform has been tested for handling 5 million trades/ day and has the potential capability to scale vertically and horizontally, to support any increase in business volumes. Dolphin was chosen over the other leading global platforms, because it had a better fit to the requirements and also for the robustness, scalability, and automation capabilities, it offers.

Dr. Pakorn Peetathawatchai, President, The Stock Exchange of Thailand said, "This is one of our most ambitious and challenging projects to establish a common, streamlined infrastructure that will open up new possibilities for Thai brokers to revolutionize their back office business models. We strongly believe that continued support from participating brokers in providing valuable insights, along with KGiSL's delivery capability are key ingredients to contribute the project's success."

On the association with SET, Prassadh Shanmugam, Director & Chief Executive Officer KGiSL said, "This is a huge win for KGiSL. Dolphin has been the undisputed market leader in India so far, but we have had limited successes in other markets. This order opens up the entire ASEAN & APAC market to create similar success stories like how we have done in India. KGiSL is poised to invest more in Dolphin's capabilities by adding Artificial Intelligence (AI), Machine Learning (ML), Business Intelligence (BI) and Analytics. I would also like to take this opportunity to thank Dr. Pakorn Peetathawatchai, President of The Stock Exchange of Thailand and the rest of the management in placing their trust in KGiSL and Dolphin."

About The Stock Exchange of Thailand: www.set.or.th

SET is the most liquid stock market in ASEAN with end-to-end services to empower seamless journey for all investors, securities brokerage companies and market participants. SET has transformed toward partnership platform by harnessing world-class technology and digital innovation to enable all parties to benefit from the Thai capital market in line with vision "To Make the Capital Market Work for Everyone". A number of open architecture and interoperable platforms have been developed with aims at building ecosystem crucial for fundraising, wealth creation and the country's development; widening business opportunities for operators in securities industry while offering investors convenient access to investment data, products and services.

About KGiSL: www.KGISL.com/gss

KGiSL is a global IT Products, Solutions, and Services provider in the BFSI space. KGiSL offers Software Products, Solutions and Services, Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Custom Application Development. KGiSL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGiSL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.
For further information, please contact:

KGiSL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | +91 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | +91 9003107361
Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Legend Capital invests in Series A funding round of BioMap, a biological computing platform

HONG KONG, Jul 30, 2021 – (ACN Newswire) – BioMap, a biological computing platform enterprise, has recently completed the Series A funding round worth over a hundred million US dollars, which Legend Capital participated in. The funds will be used to for R&D and talent recruitment.

BioMap is positioned as an innovative medicine R&D platform driven by biological computing engine. It was co-founded by Robin Li in November 2020 and he currently serves as the Chairman. Through advanced computing and biotechnology, BioMap draws maps on disease targets and drug design to realize the Global First-in-class original drugs. In the future, BioMap will also focus on the field of immune mechanism of tumors, autoimmune diseases and fibrotic diseases.

Richard Li, the President of Legend Capital, said: "It is our second cooperation with Baidu this year after the investment in Baidu's AI chip unit Kunlun in March. We hope to continue to maintain close cooperation with Baidu in the field of scientific and technological innovation in the future. We take a positive long-term view of the integration of IT and life science and technology. BioMap empowers life science with AI, and accelerates the R&D of new drugs and diagnostic products through the integration and innovation of AI technology and cutting-edge biotechnology. In the future, Legend Capital hopes to realise the full potential of the advantages of our enterprise ecosystem in the field of healthcare, and promote BioMap's cooperation with leading companies in related fields, so as to provide intelligent computing platform support for the healthcare industry, give impetus to industrial upgrading and benefit more patients. "

Legend Capital has been focusing resources to research the deep integration of healthcare industry and technology. In recent years, it has continued to explore the field of medical AI. In addition to BioMap, Legend Capital has also invested in AI microbial pharmaceutical company Xbiome, AI innovative drug development platform StoneWise, AI medical image assisted diagnosis company Deepwise, Lunit, AI medical pathology diagnosis company Deep Informatics, gene big data company Genowis, AI medical chronic disease management system company Ayshealth Technology, etc.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Travis Pitt Joins Focus Partner Firm Escala Partners, Expanding Escala’s Investment Advisory Team and Increasing its Presence in the Melbourne and Syndey Wealth Markets

NEW YORK, Jul 27, 2021 – (ACN Newswire) – Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that Travis Pitt ("Pitt") has joined Melbourne-based Focus partner firm Escala Partners Pty Ltd ("Escala").

Travis Pitt has over twenty years of industry experience as a tenured financial adviser providing customized investment and wealth management solutions to ultra-high net worth individuals and families. He is a nationally ranked adviser, having been named to the Barron's list of Australia's Top 100 Financial Advisers in 2021 as well as in prior years. Through this transaction, Escala will further increase its presence in the Melbourne market and add to the depth and breadth of its investment advisory team. By joining Escala, Pitt will gain access to Escala's specialized investment management capabilities and operational infrastructure, continuing his commitment to provide best-in-class services to his clients.

"We are excited to partner with Travis, whom I have known for many years and respect as an outstanding adviser with a commitment to personalized, high-touch client service," said Pep Perry, CEO and Partner at Escala. "This transaction elevates our organization with the addition of high caliber leadership and further deepens our presence in the attractive Melbourne and Sydney markets. We welcome Travis and his clients to the Escala family."

"We are very pleased that Travis has joined the Escala team. Talent acquisition is a central component of the value-added support that we provide to our partner firms, particularly in facilitating the addition of highly experienced advisers who have a long track record of success in serving ultra-high and high net worth clients," said Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus. "Helping our partners build scale and accelerate their organic growth are essential elements of our value propoposition."

About Focus Financial Partners Inc.

Focus Financial Partners Inc. is a leading partnership of fiduciary wealth management firms. Focus provides access to best practices, resources and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational autonomy, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

About Escala Partners Pty Ltd

Founded in 2013, Escala provides objective advice and investment management solutions to ultra-high net worth individuals, families, foundations and institutional investors. Escala serves its clients through a collaborative, team-based approach focused on the client experience, a relationship built on trust and sustained over time by performance in line with evolving investment objectives. For more information about Escala, please visit https://escalapartners.com.au.

About the List of Australia's Top 100 Financial Advisers

The Top 100 Financial Advisers list is a collaboration between The Australian and Barron's. The formula used to calculate the ranking is rooted in three general categories: client assets managed by the adviser, fees and revenue generated by their business, and the quality of the adviser's business. The asset and revenue numbers are proxies for client satisfaction. The quality of practice category includes a number of factors including an adviser's experience, credentials and client-service resources.

Cautionary Note Concerning Forward-Looking Statements

This release contains certain forward-looking statements that reflect Focus' current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus' operations and business environment, including, without limitation, uncertainty surrounding the current COVID-19 pandemic, which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus' filings with the Securities and Exchange Commission.

Investor and Media Contacts
Tina Madon
Senior Vice President
Head of Investor Relations & Corporate Communications
Focus Financial Partners
P: +1-646-813-2909
tmadon@focuspartners.com

Charlie Arestia
Vice President
Investor Relations & Corporate Communications
Focus Financial Partners
P: +1-646-560-3999
carestia@focuspartners.com

SOURCE: Focus Financial Partners

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Cuentas and WaveMax Sign an Exclusive and Definitive JV Agreement for 1,000 Locations to Offer Advertising on WiFi6 Next Generation Patented Technology in Cuentas’ “Bodegas” Network throughout the USA

MIAMI, FL / ACCESSWIRE, Jul 23, 2021 – (ACN Newswire) – Cuentas, Inc. (NASDAQ:CUEN & CUENW) ('Cuentas'), a leading FinTech provider (Top 4 Fintech) of mobile banking, digital wallet and payment solutions focused on Hispanic and Latino communities signed an exclusive, Definitive JV Agreement to rollout WaveMax's SharedWiFI6 patented technology (Wavemax Patent) in 1,000 locations. This Rollout will begin in the greater New York City Metropolitan Area with 500 Locations in NYC, 330 locations in New Jersey and 170 locations in Connecticut. The agreement also includes plans to roll out the service in other areas throughout the US. The parties will install advanced WiFi6 Access Points and Small Cells in these 1,000 "Bodega Stores" in a 50/50 joint venture. These will become Cuentas premium locations that will be near public train stations and mass transit hubs and will be offering all Cuentas products and services on secure networks. The WiFi6 service will enhance the customer experience while in the Bodega store, by automatically connecting them to SharedWiFi high speed internet and receive special in-store offers. Users at Cuentas Points of Sale (POS) locations will also receive promotions for the Cuentas GPR card and discounted products sold through the Cuentas Mobile App.

This unique agreement that our organizations are bringing to the market will allow Cuentas to enter the advertising ecosystem using major brands to advertise through mobile handsets and additionally Cuentas products & services will benefit from 50% discounts for most favored nation pricing on this digital advertising platform.

WaveMax's SharedFi patented technology allows for a shared network of WiFi access points and small cells. The user has access to this shared network and, if he has opted in, be impacted with location-based advertising. These ads are configured by advertisers using WaveMAX's dashboards targeting, manually or programmatically, the right audience, at the right time, and the right place.

"I am proud that we were able to sign a definitive agreement with WaveMax for their state of the art technology. This is the first time that Cuentas is announcing to its public shareholders that it was able to complete this unique agreement and I am looking forward to expand this network for the rest of Cuentas' Bodega network nationwide," said Arik Maimon, Cuentas Founder and Interim CEO.

"We are very pleased to enhance our original commitment to the first 1,000 bodegas in Cuentas' network. We are happy to add value to Cuentas' unique proposition in the US market and its Mobile Banking App," said Eduardo Velasco, WaveMAX CEO. (Shared Wi-Fi 6 Network)

"Cuentas was recently classified and deemed as a technology sector vertical (Technology Sector), we are very excited for the upcoming events of our company and we are very confident that Cuentas has a bright future," said Michael De Prado, Founder and Executive Vice Chairman of Cuentas.

ABOUT CUENTAS

Cuentas, Inc. (Nasdaq: CUEN & CUENW) is a Fintech company utilizing technical innovation together with existing and emerging technologies to deliver accessible, efficient and reliable mobile, new-era and traditional financial services to consumers. Cuentas is proactively applying technology and compliance requirements to improve the availability, delivery, reliability and utilization of financial services especially to the unbanked, underbanked and underserved segments of today's society. Its products are supported by its core methods, procedures, contracts and intellectual property. For more information, visit https://cuentas.com.

ABOUT WAVEMAX CORPORATION

WaveMax is a WiFi-5G sharing company leveraging US patented technology to create an ecosystem monetizing mobile interactions between Telcos, Retailers, Providers, Apps, and Users. WaveMax ecosystem in 2020 supported millions of Wi-Fi accesses and it is rapidly growing, creating new synergies and network effects.

FORWARD-LOOKING STATEMENTS

This news release contains 'forward-looking statements', as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as 'estimate', 'anticipate', 'believe', 'plan' or 'expect' or similar statements are forward-looking statements. Forward-looking statements contained in this news release include statements relating to other publicly available information regarding Cuentas.

Contact:

Cuentas:
investor@cuentas.com
800-611-3622

WaveMax:
info@wavemaxcorp.com
512.902.8038

SOURCE: Cuentas, Inc.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Dook Media, a Full Copyright Operator, invested by Legend Capital Successfully Listed on the China GEM

HONG KONG, Jul 19, 2021 – (ACN Newswire) – On July 19th, Dook Media Group Limited (stock code: 301025), invested by Legend Capital, was successfully listed on the Growth Enterprise Market in China. With public offering of 40.01 million shares, the stock closed at RMB31.66 per share, up 1942% from its initial price. Its total market value reached over RMB12.6 billion.

When Dook Media was established in 2009, a "full copyright" operator that takes "inspiring personal growth" as its purpose was born. The company's core businesses are book planning and distribution as well as related cultural value-added service. With the vision of "cultivate local writers and promote traditional culture under national policies", Dook Media is committed to become a leading creative cultural enterprise with unique creative methods and talent training systems by providing the public with high-quality books that span the fields of literature, arts, social sciences, and children's book in multiple media formats.

Dook Media has become an enterprise with strong brand influence in the book industry due to the accumulated rich experience in books topic planning and editing, copyright operations, marketing, etc., The company gives priority to content quality, the books' varieties exceed the industry average by more than 10 times. The main representatives included: Half Hour Comic, The Tibet Code, Galactic Empire, The Storied Life Of A.J. Fikry, The Godfather and etc.

Dook Media also signed a number of well-known e-book copyrights, such as The Three-Body Problem, Naruto and more. The Storied Life Of A.J. Fikry, Everything I Never Told You, Love O2O and other e-books have won best-selling e-book awards on Dangdang and Amazon. In recent years, the company has actively developed the audiobook market in Himalaya, Lazy audio, Qingting FM and WeRead. Some audiobooks have continuously ranked among the top ten bestsellers on Himalaya FM.

Legend Capital was the lead investor in the A round financing of Dook Media in June 2017, and made follow-on investment in November of the same year. Legend Capital has accompanied Dook Media as a partner after its investment, providing in-depth and comprehensive value-added services in terms of industry resources, talent introduction, business improvement, strategic planning, and capitalization.

Jenking Shao, Managing Director of Legend Capital, said, "As the IP-based pan-entertainment industry has developed rapidly, the value of high-quality Intellectual Property (IP) has become more prominent. Dook Media is in the upstream position of the content industry, it belongs to Legend Capital's important coverage in this industry and also, it has strong copyright operations capabilities across all channels in the industry, tapping and fully unlocking the value of IP, realizing the diversified monetization of copyright assets. After the listing, Dook Media will gradually enrich their copyright library in the future, while applying existing methodologies to empower more high-quality reserved copyrights and develop an IP incubation platform."

Legend Capital has always paid attention to the development of the content industry chain, especially the scarce resources of the leading IP. At present, the literary reading market is still one of the important sources of IP incubation. In the field of content, Legend Capital has invested in representative companies such as Bilibili (NASDAQ:BILI), Taihe Music Group, Modern Sky, Wajijiwa, HYBE (KOSE: A352820), Bruco, Qianxun, etc.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com