Rinani Signs Share Sale Agreement for KLCFC

PETALING JAYA, Malaysia, Mar 2, 2023 – (ACN Newswire) – Rinani Group Berhad, a financial consulting firm, is pleased to announce that the Company has signed a share sale agreement (SSA) with the Kuala Lumpur Football Association (KLFA) to acquire a majority stake in Kuala Lumpur City FC Sdn Bhd (KLFC), the owner of the KL City FC (KLCFC) football club.

KLFA president Khalid Abdul Samad; Political Secretary to the Prime Minister, Azman Bin Abidin; Stanley Bernard, Managing Director of KLCFC; Datuk Seri Noor Azerai Ahmad; Rinani director Azri Azerai[L-R]

Rinani director Azri Azerai said, "The SSA officially makes Rinani the majority owner of KLFC. We pledge to bring KLCFC's performance on the pitch to a higher level by concentrating on coaching, player recruitment and youth development and we promise our fans better engagement and experience for their money's worth. Besides the game, we will also focus on enhancing the revenue stream for KLFC for it to be sustainable and continue maintaining the club."

"We would like to thank the KLFA for all that they have done over the years for the club and we will build on this to bring KLCFC to the next level. We will work towards having more corporate tie-ups and sponsorships for the club to be financially sustainable as well as ensure training levels that can bring the club to the international stage. We also would like to thank the Prime Minister, YAB Datuk Seri Anwar Ibrahim, for his support for our venture and for encouraging the growth of Malaysian football."

KLFA president Khalid Abdul Samad said, "This is a historic day for KLCFC with majority ownership of KLFC passing over to Rinani. The privatisation of the club is in the best interests of all that involved in the sports of football, including the players, supporters, sponsors and vendors that have been closely associated with the club over the years. Best wishes to not only KLCFC and Rinani Group, but also KLFA."

Political Secretary to the Prime Minister, Azman Bin Abidin said, "The privatisation of state-run football teams is vital for the further development of the game as this will ensure that clubs have access to the expertise and knowledge that the private sector can provide. It is also vital that the private sector run the football clubs professionally with good governance as this will assist in ensuring financial viability for youth development and player recruitment."

Stuart Ramalingam, CEO of Malaysian Football League said, "The continued privatisation of football clubs in the country will benefit all stakeholders, especially the players as their welfare will be better taken care of. There will be more transparency in how the clubs are run and finances managed. Professional management of the clubs is important as this will mean the need to engage with supporters, improve performance and offer a better product."

Rinani's acquisition of a majority stake in KLFC is also in line with the directives from FIFA, football's international governing body, and of the Asian Football Confederation, to have state-run football teams be professionally run, privately financed and independently owned.

Rinani Group Bhd: http://rinani.com.my/
Kuala Lumpur City FC: https://kualalumpurfootball.com/

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

Twin Hong Kong International Jewellery Shows Open Today as a New Round of Trade Fairs since Return to Normalcy

HONG KONG, Mar 1, 2023 – (ACN Newswire) – Social distancing measures came to an end, as the mask mandate was officially lifted today, expediting the recovery of business activities between Hong Kong, Mainland China and the rest of the world.

The 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem & Pearl Show, organised by the Hong Kong Trade Development Council, open today at the Hong Kong Convention and Exhibition Centre in Wan Chai.

The Hon Cheuk Wing-hing, Deputy Chief Secretary for Administration of HKSAR (front row, 5th from L) ; Dr Peter K N Lam, HKTDC Chairman (front row, 6th from L); Margaret Fong, HKTDC Executive Director (front row, 7th from L) and guests attend the opening ceremony of the 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem & Pearl Show.

The Hong Kong International Diamond, Gem & Pearl Show offers a wide range of raw materials for jewellery and treasures

The 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem & Pearl Show, organised by the Hong Kong Trade Development Council (HKTDC), are the first major trade fairs being held at the Hong Kong Convention and Exhibition Centre in Wan Chai after the territory returns to normalcy. The twin shows run from today until 5 March.

The opening ceremony of the twin jewellery shows was held this morning with Deputy Chief Secretary for Administration, The Hon CHEUK Wing-hing, GBS, JP, as the guest of honour. Speaking at the ceremony, Mr Lawrence Ma, Chairman of the Fairs' Organising Committee, said: "The twin jewellery shows are the first major international trade event since the complete lifting of anti-epidemic measures, projecting a gradual recovery of economy and trade between Hong Kong, the Mainland and the rest of the world. I hope the shows will create more business deals and collaboration opportunities for global exhibitors."

Keen participation from the Mainland and overseas exhibitors

With the global economy moving towards normalcy, both mainland and overseas exhibitors are enthusiastic to participate in this year's shows, with over 2,500 exhibitors from 36 countries and regions. The HKTDC has also organised 100 buying missions from 70 countries and regions. A total of 20 pavilions have been set up – including those from the mainland, Taiwan, Japan, Korea, Singapore, Sri Lanka, Thailand, India, Turkey, Israel, Germany, Italy, Belgium, Brazil, Colombia and the United States.

Renowned jewellery industry organisations, such as the Asia Pacific Creator Association, International Colored Gemstone Association, Tanzanite Foundation and T-GOLD+METS Pavilion – co-organised by the Hong Kong Jewellery & Jade Manufacturers Association and the Italian Exhibition Group – also return, signalling the confidence of international companies in Hong Kong as a business platform.

Seventeen themed zones gather world-class jewellers

Exhibitors value the first trade fairs after the pandemic and bring a wide range of valuable and unique jewellery items to both shows. This year's Hong Kong International Jewellery Show features 17 themed zones, including the Hall of the Extraordinary, Hall of Fame, Designer Galleria and World of Glamour, which showcases jewellery from local brands. A number of jewellers present high quality and distinct jewellery, including an exquisite jadeite bead necklace (On Tung Company, booth no: GH-C10); a classic elegant Burmese ruby ring (Fai Dee Limited, booth no: GH-C31); and a uniquely-crafted zodaria bracelet, a panther-shaped diamond bracelet in gold (Nico Juliany SL, booth no: GH-G03).

Also featured at the show is the 21st Hong Kong Jewellery Design Competition Open Group award-winning pendant in 18K gold, diamonds, rubies and sapphires (Charente Fine Jewelry, booth no: 1CON-008). Additionally, a Korean exhibitor has brought along a magnificent brooch inspired by the natural bracken plants of Jeju Island (Gina Fine Jewelry Creator, booth no: 1CON-024), highlighting the refined, beautiful wares with sophisticated craftsmanship.

The Hong Kong International Diamond, Gem & Pearl Show, held at the same time as the Jewellery Show, showcases the finest diamonds and pearls as well as quality gemstones and raw materials for jewellery from various origins in the Hall of Fine Diamond, Treasures of Nature and Treasures of Ocean. The show features natural coloured diamonds with cushion, oval pear, heart cuts and premium black opals from the Lightning Ridge in northern New South Wales, Australia; drop-shaped and hole-drilled emeralds; Canadian Ammonite and Ammolite; Mexican fire opals and various pearl products.

Various seminars and forums to facilitate business exchange

A number of seminars, forums and parades will be held during the twin jewellery shows to facilitate networking and keep participants abreast of the latest industry trends. These include a seminar titled "Hong Kong Jewellery Industry Shines over the World" and a buyer forum on "Updated Market Trend of Jewellery Market in ASEAN Markets" tomorrow (2 March). There will also be seminars on "Ammolite – A 71 Million-Year Natural Treasure only from Alberta, Canada" (3 March) and "Jewellery Industry: Go Smart and Green" (4 March) and more.

The results of the 24th Hong Kong Jewellery Design Competition – which aims to raise the standard and quality of jewellery design, and to cultivate local creative talents – have been recently announced. The winning entries are currently displayed outside Hall 1E.

Twin jewellery shows run under the EXHIBITION+ online and offline hybrid model

As the pandemic accelerated the adoption of e-commerce, jewellery retailers are increasingly using social media and e-platforms to promote their brands and expand sales channels. To help companies adapt to the new normal, the HKTDC's EXHIBITION+ hybrid model combines physical fairs, the Click2Match smart business-matching platform, online-to-offline seminars and forums (Intelligence Hub), and the hktdc.com Sourcing platform. EXHIBITION+ extends face-to-face interaction and promotion activities from physical exhibitions to online.

The Click2Match smart business-matching platform for both jewellery shows is accessible from 1 to 12 March, allowing both buyers and sellers an extended period to meet online beyond the physical fairs to facilitate further collaboration.

Websites:
– Hong Kong International Jewellery Show: https://www.hktdc.com/event/hkjewellery/en
– Hong Kong International Diamond, Gem & Pearl Show: https://www.hktdc.com/event/hkdgp/en
– Activities Schedule: https://www.hktdc.com/event/hkjewellery/en/intelligence-hub
– HKTDC Media Room: https://mediaroom.hktdc.com/en
– Photos download: https://bit.ly/3YffTnk

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Please contact the HKTDC's Communications & Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org

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

Deloitte opens Innovation & Assets Development Center at Hong Kong Science Park and will invest over HKD200m to support Hong Kong’s I&T goals

HONG KONG, CHINA, Mar 1, 2023 – (ACN Newswire) – Deloitte China opened its Innovation & Assets Development Center (the Center) today at Hong Kong Science Park (the Park). The opening ceremony attracted more than 100 guests and was led by Deloitte China CEO Patrick Tsang, who welcomed senior officials including:

— Michael Wong Wai-lun, Deputy Financial Secretary of the Government of the Hong Kong Special Administrative Region

— President of the Legislative Council, Andrew Leung Kwan-yuen

— Chairman of New Territories Heung Yee Kuk, Kenneth Lau Ip-keung

— Under Secretary for Innovation, Technology, and Industry of the Government of the Hong Kong Special Administrative Region, Lillian Cheong Man-Lei

— Deputy Director-General of the Department of Administration and Finance of the Liaison Office of the Central People's Government, Li Xuhong

Occupying a full floor at the Park, the Innovation & Assets Development Center is a unique, digital-focused service hub that reinforces Deloitte's commitment to the HKSAR Government's Innovation & Technology (I&T) Development Blueprint to drive Hong Kong's development as an international I&T powerhouse.
( https://www.itib.gov.hk/en/publications/I&T%20Blueprint%20Book_EN_single_Digital.pdf )

The Center will provide unprecedented proximity and access to Deloitte China's multidisciplinary model professional services (MDM) and INspire HK integrated value propositions (IVPs) in Digital, M&A, Sustainability, Smart City, and ONEinsurance to more than 1,200 technology companies and over 12,000 R&D practitioners at the Park, which is operated by Hong Kong Science & Technology Parks Corporation (HKSTP).

It will enable Deloitte to provide faster, more direct access to the firm's well-established global collaboration, investor networking, and commercialization support.

"The Digital, Sustainability, and Smart City IVPs of our INspire HK program are pivotal to Hong Kong's development as a global I&T center – a goal that the HKSAR government, HKSTP, and Deloitte all share. With this in mind, we aim to invest more than HKD200 million in this Center, including I&T initiatives and talent development, and to double our Hong Kong Deloitte Digital headcount to more than 1,000 tech and digital professionals by 2025" says Deloitte China CEO Patrick Tsang.

"We are proud to establish in Hong Kong our first dedicated Innovation & Assets Development Center at the Park. This will support I&T development in Hong Kong through ecosystem collaboration and be a base for investment in assets development for Deloitte to retain undisputed leadership in professional services and make an impact that matters for I&T development in Hong Kong."

In addition, the Center will accelerate commercialization and impactful innovation by our strategic alliances and partners and help local start-ups to accelerate business growth within the Greater Bay Area (GBA) and beyond, Patrick adds.

Dr Sunny Chai, Chairman of HKSTP, says, "I am delighted to welcome Deloitte into our vibrant ecosystem at the Science Park. The addition of such a world-class firm is a sign of strength for Hong Kong's thriving innovation scene and proof of the city's allure as a magnet for global tech talent.

"Deloitte's extensive industry knowledge and international business network, together with the state-of-the-art incubation support of HKSTP, will provide a powerful collaborative platform to accelerate the digital transformation of industries. Hong Kong is ready to open its doors. We stand ready to seize golden opportunities at a time when I&T is a key engine of global economic growth."

Deloitte China is committed to enhancing Hong Kong's status as a fundraising hub and springboard to international expansion for I&T ventures. The Innovation & Assets Development Center will promote Hong Kong's reputation as a destination of choice for international I&T companies seeking to enter the GBA and other Asian markets.

Furthermore, Deloitte China's Innovation & Assets Development Center demonstrates the firm's commitment to investing in its talent by expanding its presence with a spacious digital hub at the Park, where Deloitters can network and collaborate with groundbreaking I&T companies. With the recent launch of the firm's refreshed Employee Value Proposition – Shaping future talent through impact that matters – the firm will continue to focus on and invest in the four key differentiated attributes of Development, Caring, Happiness, and Inclusion.

The Innovation & Assets Development Center will further enhance not only our Deloitters' career journeys as an inspiring hub for talent development, but also contribute to talent development in Hong Kong via internship arrangements with regional universities and the INspire HK: Future Ready Talent program.

About Deloitte China

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

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

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

About Deloitte

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

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

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

Disclaimer

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

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

2023. For more information, please contact Deloitte China.

Contact: Ashley Leung
Tel: +852 2109 5261
Email: asleung@deloitte.com.hk

Contact: Lyanna Chan
Tel: +852 2238 7111
Email: lyachan@deloitte.com.hk

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

Leon Fuat Records Revenue of RM1.03 Billion for the FY2022

SHAH ALAM, Malaysia, Feb 28, 2023 – (ACN Newswire) – LEON FUAT BERHAD, a manufacturer and trader of steel products specialising in rolled long and flat steel, today announced that the Group reported a 15.6% increase in revenue to RM1.03 billion for the financial year ended 31 December 2022 (FY2022) compared with RM886.58 million recorded for the preceding financial year (FY2021).

Calvin Ooi Shang How, Executive Director of Leon Fuat

For the financial year under review, the Group reported a profit before tax (PBT) of RM36.92 million, a 78.6% decrease compared with RM172.85 million for the FY2021. For the FY2022, the Group registered profit after tax (PAT) of RM29.54 million, a 78.3% decrease compared with RM135.98 million for the FY2021.

The Group reported revenue of RM238.15 million for the fourth quarter ended 31 December 2022 (Q4FY2022), which is a 6.3% decrease compared with RM254.21 million reported for the corresponding quarter of the preceding financial year (Q4FY2021).

For the Q4FY2022, the Group recorded a loss before tax of RM7.49 million compared with PBT of RM38.61 million registered for the Q4FY2021 while a net loss of RM5.14 million was reported for the Q4FY2022 as compared with PAT of RM29.09 million recorded for the Q4FY2021.

For the quarter under review, the trading segment contributed 32.7% to revenue while the processing segment contributed 67.2%.

Calvin Ooi Shang How, Executive Director of Leon Fuat said, "While there was an increase in revenue for the FY2022 attributable to the increase in revenue for both the trading and processing segments of the Group, the gross profit margin decreased by approximately 14.8 percentage points compared to the FY2021 and that has had an impact on the Group's overall gross profit (GP), which decreased 58.8% to RM91.26 million. The overall GP was also affected by inventories written down of RM12.93 million compared with RM0.37 million for the FY2021 as certain inventories were measured at its estimated net realisable value."

"The Group will continue to expand market reach leveraging on its diversified customer base comprising small-medium enterprises (SMEs) across various industries. We remain cautious on the outlook for 2023 despite the domestic economy's growth momentum in 2022 as exports face headwinds while the operating landscape continues to be impacted by inflationary pressure and a weak ringgit, which also affect SMEs. We will continue to take the necessary proactive measures to enhance productivity and efficiency of our operations."

Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/

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

Bintai Kinden Posts 9M Revenue of RM93.80 Million

PETALING JAYA, Malaysia, Feb 28, 2023 – (ACN Newswire) – Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company recorded 60.8% gain in revenue to RM93.80 million for the nine months ended 31 December 2022 (9M FY2023) compared with RM58.34 million in the corresponding period of the last financial year (9M FY2022).

Azri Azerai, Executive Director of Bintai Kinden

The Company reported a loss before tax (LBT) in 9M FY2023 of RM2.22 million compared with profit before tax (PBT) of RM2.62 million in 9M FY2022.

For the third quarter ended 31 December 2022 (3Q FY2023), revenue decreased 22.7% to RM22.36 million compared with RM28.93 million in 3Q FY2022. The Company recorded LBT of RM3.38 million for 3Q FY2023 compared with PBT of RM1.13 million in 3Q FY2022.

En. Azri Azerai, Executive Director of Bintai Kinden said, "The Company's revenue increase for 9M FY2023 reflected the better contribution from the M&E business. The LBT reflected the higher costs of operations and bad debts incurred in 3Q FY2023. For the quarter under review, revenue decreased due to the lumpiness of projects as the M&E business is highly dependent on the stage of completion of various projects."

"We expect to see more revenue coming in from the newly awarded projects from Tenaga Nasional Berhad (TNB) over the coming quarters compared to 3Q FY2023 where several of the projects are at the end-stage phase. The Company will continue to assess the risks and opportunities of diversifying into other businesses while ensuring the growth of the M&E business."

TNB recently awarded a total of RM53.2 million in M&E contracts to the Company for the installation of underground cables, bringing the total unbilled orderbook to RM142.95million.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

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

HKTDC takes Building for the Future campaign to Indonesia

HONG KONG, Feb 28, 2023 – (ACN Newswire) – To help Hong Kong's infrastructure and real estate-related services (IRES) sectors seize arising opportunities, the Hong Kong Trade Development Council (HKTDC) is promoting its Building for the Future campaign in Indonesia for the first time, bringing a delegation to Jakarta from 27 February to 2 March.

Ir Dr Hon Lo Wai-kwok, GBS, MH, JP, Member of the Legislative Council of HKSAR (4th from L, front row), and Mr Stephen Liang, HKTDC Assistant Executive Director (2nd from R), co-led a delegation to Indonesia, and called on the local officials and industry associations, including Dr. Achmad Jaka Santos Adiwijaya, S.H., LL.M., Secretary General, Nusantara Capital City Authority (3rd from L), to explore collaboration opportunities in infrastructure construction between Hong Kong and Indonesia.

The "Building for the Future" promotion was held in Indonesia for the first time, with the highlighted "Hong Kong Forum on Urban Development" attracting more than 300 representatives from Indonesian government departments and businesses.

Dr Ir Herry Trisa Putra Zuna, Directorate General of Ministry of Public Works and Housing, Republic of Indonesia, gave remarks at the Forum.

Through events, including the Hong Kong Forum on Urban Development, business matching sessions and meetings with government and business leaders, the wide-ranging promotion gives Indonesia and Hong Kong companies an opportunity to explore partnerships.

In recent years, Indonesia has accelerated infrastructure construction in order to boost economic growth. The government allocated an infrastructure development budget of Rp392 trillion (US$26 billion) in 2023 to improve the provision of basic services, and productivity through connectivity and mobility infrastructure.

The delegation, co-led by Ir Dr Hon Lo Wai-kwok, GBS, MH, JP, Member (Functional Constituency – Engineering) of the Legislative Council of the Hong Kong Special Administrative Region, and HKTDC Assistant Executive Director Mr Stephen Liang, comprises 17 delegates from a wide range of professional sectors, including architecture, engineering, property development, construction and urban planning.

A highlight of the mission, the Hong Kong Forum on Urban Development focused on smart city, modern city development and urban planning, and architecture design. It introduced the strengths and value-added services of Hong Kong IRES and explored collaboration opportunities between Indonesia and Hong Kong in infrastructure development projects. Dr Ir Herry Trisa Putra Zuna, Directorate General of Ministry of Public Works and Housing, Republic of Indonesia, gave remarks at the Forum, with more than 300 Indonesian government and businesses leaders attended.

"As the world's largest archipelagic state, Indonesia places much emphasis on infrastructure. With its rapid infrastructure development and capital relocation, there are many arising opportunities," Mr Stephen Liang said in his welcome remarks at the forum. "The post-pandemic new normal has set in, the Hong Kong-Mainland China border has reopened, and Hong Kong has removed international travel restrictions. In this period of revitalisation, there is no better time than the present to capture new opportunities that will benefit Indonesian and Hong Kong businesses communities and strengthen economic growth in both places."

He added, "Hong Kong has long been a leader in infrastructure and real estate-related services, from building and construction to architecture, engineering and surveying. Equipped with decades of experience in large-scale building projects, Hong Kong businesses are ideally placed to provide quality services in infrastructure and real estate-related services."

The plenary session featured internationally renowned Hong Kong IRES companies – namely Arup, hpa, MVA, and Sino Group – which discussed smart city development, the infrastructure outlook as well as urban construction.

Two thematic sessions were followed, with Hong Kong delegates sharing success cases on environmental engineering and sustainable urban architecture.

The forum also featured business matching sessions for Indonesian enterprises to have one-on-one meetings with Hong Kong delegates to explore opportunities and exchange ideas about Indonesia's infrastructure and urban construction projects.

Hong Kong is known as a leading financial centre around the world. With an extensive global network, a full range of financial products and a large talent pool, Hong Kong is an ideal place for Indonesian companies to engage in IRES projects.

Over the course of the next two days, the delegation will meet with Indonesian government and business leaders during visits to prominent infrastructure and urban development to capture business opportunities between Indonesia and Hong Kong.

Since the launch of the Building for the Future campaign in 2015, the HKTDC has led Hong Kong urban development services missions to eight cities in Mainland China and Kuala Lumpur, Malaysia. The HKTDC will continue to organise promotions to highlight Hong Kong's strengths in infrastructure and urban construction.

Photo download: https://bit.ly/41vWbXi

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media Enquiries
Please contact the HKTDC's Communication and Public Affairs Department:
Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org

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

SCIB Posts Higher Revenue of RM66 Million in 1H FY2023

KUCHING, MALAYSIA, Feb 27, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group's revenue increased by 2.6% to RM66.3 million for the six months ended 31 December 2022 (1H FY2023) compared with RM64.6 million registered in the corresponding period of the previous financial year (1H FY2022).

En. Rosland bin Othman, Group Managing Director and Chief Executive Officer of SCIB

The Company recorded a narrower loss before tax (LBT) of RM3.7 million in 1H FY2023 compared with LBT of RM4.0 million in 1H FY2022.

For the second quarter ended 31 December 2022 (2Q FY2023), the Company's revenue decreased 5.6% to RM36.0 million compared with RM38.1 million in 2Q FY2022, while LBT widened to RM2.8 million compared with RM1.3 million reported in 2Q of the previous financial year.

Revenue contribution from the manufacturing business increased 6.9% to RM45.7 million in 1H FY2023 compared with RM42.8 million in 1H FY2022, while revenue contribution from the engineering, procurement, construction, and commissioning (EPCC) business decreased marginally to RM20.2 million compared with RM21.4 million. For 2Q FY2023, the manufacturing business contribution to revenue decreased to RM21.6 million compared with RM23.7 million in 2Q FY2022, while EPCC business revenue contribution remained stable at RM14.0 million.

Group Managing Director of SCIB, Encik Rosland bin Othman said, "Our key manufacturing arm, the leading precast concrete and Industrialised Building System (IBS) producer in Sarawak and Sabah, continues to be the mainstay in terms of revenue contribution. Manufacturing saw an increase in profit before tax (PBT) to RM2.0 million in 1H FY2023 compared with RM0.3 million in 1H FY2022 while manufacturing PBT for the current quarter under review doubled to RM1.0 million compared with RM0.5 million in the corresponding quarter last year."

"The Malaysian economy began 2023 with good momentum, as the economic outlook gradually improves following strong growth in 2022. The construction sector grew 8.8% for the whole of 2022 supported by all subsectors, with the civil engineering subsector turning around to positive growth of 2.7%. Based on these latest developments, we are cautiously optimistic and will continue to leverage on our strength as the leading precast and IBS manufacturer in Sarawak and Sabah complemented with our track record in EPCC projects to bid for jobs."

As of January 2023, the Company has an order book of RM387.96 million with earnings visibility until 2026.

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

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

Fight Zone’s First Franchised Outlet at Suntec City Opens, with Six More Outlets to Come in 2023

SINGAPORE, Feb 27, 2023 – (ACN Newswire) – Fight Zone, a born-in-Singapore fitness brand has opened its first franchised outlet at Suntec City. The official opening was attended by more than 50 members of the public and current Fight Zone members on 25 February on a bust Saturday afternoon. Located in the heart of Singapore's business district, the Fight Zone Performance Centre outlet is the first to focus on physical transformation of clients and muaythai, moving away from just providing high-intensity training.

The Fight Zone Performance Centre at Suntec City is the first of six franchised Fight Zone fitness centres which will open in 2023, as the fitness brand aggressively expands its presence within Singapore.

Apart from personal training with authentic muaythai, the Performance Centre will also feature specialised kettlebell classes and Suples Bulgarian Bag strength and conditioning classes with the sole aim of helping members undergo their fitness and transformation programmes at the Suntec City outlet, with the brand especially targeting busy executives who work within the area.

Said Sasidharan Unnithan, Chief Executive Officer and Founder of Fight Zone, "The Fight Zone Performance Centre at Suntec City aims to help the busy working executive who work and live near the area to transform their lives and to maintain a healthy lifestyle. We are proud that our first franchised outlet is located at Suntec City, the venue where we started building the brand from scratch in 2017. Our next step for Fight Zone would be to take the brand regional to the neighbouring Southeast Asian cities like Kuala Lumpur, Jakarta and Bangkok."

Fight Zone opened its first outlet in Suntec City in 2017 and have added two more outlets at Velocity at Novena and AMK Hub at Ang Mo Kio since then. The newly opened Fight Zone Performance Centre with its muaythai focus will also help develop the popularity of muaythai as a sport, while it also offers personal training for members.

Added Mr Su YunPeng, owner of the first franchised outlet, "It is an honour for us to own the first franchised outlet of a fast-growing brand like Fight Zone. Fitness is an important aspect of maintaining one's mental wellbeing. With executives headed back to work following a few years of living with a pandemic, it is our hope that we can provide them with an opportunity to maintain their fitness or transform their lives through personal training."

Members of the public can sign up as members of the all-new Fight Zone Performance Centre or at any of their other outlets here ( https://www.fightzonesg.com/book-a-trial/ ). Potential business owners looking to start their own Fight Zone franchise outlets can connect with the team here ( https://www.fightzonesg.com/contact/ ).

About Fight Zone

Fight Zone was first conceptualised in 2017 and began with its first fitness outlet in Suntec City. The brainchild of CEO and Founder Sasidharan Unnithan, it was conceptualised with the objective of giving working professionals and fitness buffs an innovative way of keeping fit without taking much too mu h of their daily time. Fight Zone uses various techniques and fitness forms to keep enthusiasts and members engaged throughout their workout.https://www.fightzonesg.com/

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

Malaysian Genomics to Boost Play on the Football Pitch

PETALING JAYA, Malaysia, Feb 27, 2023 – (ACN Newswire) – Malaysian Genomics Resource Centre Berhad, a leading genomics and biopharmaceutical specialist, is collaborating with KL City FC Sdn Bhd (KLCFC), the manager of the KL City FC football club, on the deployment of the Group's genetic screening tests for peak athletic performance.

Dr. Nurul Aqma Anis, Head of Special Projects and Quality of Malaysian Genomics

Stanley Bernard, Chief Executive Officer of KLCFC

Sasha Nordin, Chief Executive Officer of Malaysian Genomics; Giancarlo Gallifuoco, KLCFC defender; and Dato' Alvin, Executive Director of Malaysian Genomics; at MGRC HQ [L-R]

The collaboration will see the Group conducting analyses of players' DNA and providing consultations to players and coaching staff on the genetic results in relation to practical opportunities to improve sports physiology, nutrition, strength and conditioning, injury prevention, and recovery. KLCFC will share with the Group feedback related to the results and outcomes of modifications to its team's existing training, nutrition and recovery protocols after the incorporation of genetic results.

Dr. Nurul Aqma Anis, Malaysian Genomics' Head of Special Projects and Quality said, "Having started offering genetic screening tests in 2012, Malaysian Genomics is Southeast Asia's most well-established DNA company and our genetic test for peak athletic performance is one of the latest in our test portfolio. By collaborating with professional sports teams like KLCFC, among others, we can monitor the impact and outcome of genetic-based recommendations for athletic training and recovery, ensuring that our genetic tests and resulting recommendations offer practical information and benefits for professional athletes and weekend warriors alike."

Stanley Bernard Stephan Samuel, Chief Executive Officer of KLCFC said, "Top athletes are at a competitive edge in professional sports hence the information obtained from genetic testing will directly assist the athlete to understand themselves more in the aim to reach optimum level of performance."

"I was amazed by the tremendous amount of information generated in my genetic screening report from Malaysian Genomics. In just the first review of my report, the Malaysian Genomics team and I were able to identify practical and immediately actionable changes to my supplement regime as well as warm-up exercises, which I would not have known to do without this test. I can't wait to experience the positive impact it has on me on the pitch," said KLCFC defender, Giancarlo Gallifuoco.

Malaysian Genomics Resource Centre Bhd: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/

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

AussieBum to Host Event in Support of WorldPride on Friday, 3 March 2023

SYDNEY, AU, Feb 26, 2023 – (ACN Newswire) – Sydney-based men's underwear and swimwear brand, AussieBum, has announced its upcoming event in support of WorldPride, scheduled to take place at The Ark, a private and exclusive tennis centre located in Sydney's Haberfield on Friday, 3 March 2023.

Sean Ashby, Founder of AussieBum is a supporter of Sydney's WorldPride celebrations

Fun and Inclusivity: AussieBum's WorldPride Event

The event, which takes place the day before the Sissy Ball, invites everyone to a fun-filled occasion that promises to be an unforgettable experience. The party is focused on promoting equality, inclusivity, and fun. Attendees will have the opportunity to engage in a range of activities, such as a uniquely named spectacle named the "double slip and slide competition".

Food vans, drinks, and gifts will also be provided to ensure a memorable and fun experience for all attendees.

The event brings together the Aussie LGBTIQA+ community who get to do something special for their international friends visiting to celebrate the concluding events of the Sydney WorldPride festival.

Gym Facilities and Fun Under the Sun

The event also features a elite gym facility which includes a sauna and circuit gym. For Pilates enthusiasts, there's state-of-the-art equipment, and for those chasing a pump, a brand new gym is on site.

Sun, Tans, and a Golden Glow

The event runs from 10 am to 1 pm, providing attendees with ample time to soak up the sun before the Bondi Beach Party, Mardi Gras Sissy Ball, and Pride March occurring on the following days. The event will be catered with iconic Aussie food, party anthem music, and guests will have the opportunity to meet some of Australia's favourite sporting and TV icons.

AussieBum's event is expected to be a highlight on the WorldPride calendar and attendees are encouraged to arrive early, as the event will be a lockout, and spaces are limited.

A Day of Fun in the Sun

The event is the perfect opportunity for attendees to play tennis with Australia's elite and best while enjoying a day of fun in the sun. The event promises to be a special and memorable occasion, and with some of Australia's show business elite already on board, attendees can expect plenty of surprises and delights throughout the day.

Contact & Event Details:

Media Inquiries: Sean Ashby, Founder, AussieBum +61412345624
Email: sean@aussiebum.com

Date of Event: Friday, 3 March 2023 from 10am – 1pm
Location: THE ARK (Haberfield Tennis Centre), 154A Hawthorne Parade, Haberfield NSW 2045. Get off at Hawthorne Stop (15min ride). Signs will direct attendees to the private and exclusive The Ark tennis centre.
Cost: Complementary, limited to 500 guests
AussieBum Website: https://www.aussiebum.com/
AussieBum Instagram: https://www.instagram.com/aussiebum/?hl=en
AussieBum Facebook: https://www.facebook.com/aussiebum/

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