Tag: Local Biz

Malaysian Genomics Grows Presence in Thailand

PETALING JAYA, Malaysia, Sep 23, 2022 – (ACN Newswire) – Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, is pleased to announce today a series of collaborations to grow its customer base in Thailand as well as exploring opportunities for research and development (R&D) of new products and services.
Ms. Songsuda Panich, Founder of Marine Group; Encik Sasha Nordin, Chief Executive Officer of Malaysian Genomics; Mr. Choy Hong Yang, Director of Salus Holdings [L-R]

Chief Executive Officer of Malaysian Genomics, Encik Sasha Nordin


The Group signed a supply and collaboration agreement with Acquest Healthcare Stem Cell Research and Development Co. Ltd. to produce CAR T-cells for supply to Acquest's customers. Acquest is a well-established provider of various cell therapies to hospitals, specialist doctors, and patients in Thailand. It operates a state-of-the-art clinical laboratory and also the largest privately-owned specialty human cell culturing facility in the country.

The Group also signed a supply and collaboration agreement with Salus Holdings Co. Ltd. ("Salus") to supply biopharmaceutical and genomics products and services to Salus' customers. Salus is a specialist in wellness and health screening using science and technology for early disease detection and managing programmes for lifestyle intervention based in Bangkok, Thailand.

Finally, the Group signed a Letter of Intent with Marine Group Co. Ltd. and Salus on collaborative research in the use of genetic screening tests and formulated cosmetic products containing certain cell therapy ingredients on the regeneration of skin and hair of patients. Marine Group is an aesthetic and wellness specialist with a network of over 42 centres under the brands Slim Up(TM), Skin Doctors(TM), and Biocell(TM).

The signing ceremony was attended by His Excellency Dato' Jojie Samuel, Ambassador of Malaysia to Thailand and Encik Mohamed Hafiz Md Shariff, Trade Commissioner of MATRADE Bangkok.

Chief Executive Officer of Malaysian Genomics, Encik Sasha Nordin, said, "We are looking forward to a fruitful relationship with our Thai partners, Salus and Acquest. These collaborations are part of our strategy of growing our customer base and increasing our presence overseas through working with business partners who have an established presence in their respective market segments."

Dr. Roland Neff, CEO of Acquest, said, "This collaboration is the first step as both parties explore the possibilities of conducting joint R&D that can result in new products and services that can be commercialised. We have a state-of-the-art clinical laboratory in Bangkok and also the largest privately-owned specialty human cell culturing facility in the country."

Mr. Choy Hong Yang, Director of Salus, said, "At Salus, we use science and technology to provide services on disease detection, prevention and life-span improvement. This collaboration with Malaysian Genomics will enable us to leverage on their genetics knowledge and expertise to offer more products and services while the strategic cooperation is in keeping with our core value of joint innovation to offer new technologies to our customers."

Ms. Songsuda Panich, Founder of Marine Group, said, "Skin Doctor, Slim Up and BioCell centres are always striving to provide the latest in skin and aesthetic science and technology for our customers. We look forward to collaborating with Malaysian Genomics and with Salus Healthcare on research and development involving cell regeneration products."

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

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

HKIoD Organises Directors’ Conference 2022 – “From Resilience to Sustainability”

HONG KONG, Sep 22, 2022 – (ACN Newswire) – The Hong Kong Institute of Directors ("HKIoD") hosted Directors' Conference 2022 yesterday at the Hong Kong Convention and Exhibition Centre. With the HKSAR and also HKIoD both celebrating their 25th anniversary, the conference this year extended to a full day, featured 11 sessions including power talks and in-depth panel discussions held physically and online with 430 attendees in all.
Directors' Conference 2022 held physically and online with 430 attendees in all.

Opening address by The Honourable
Michael Wong, GBS, JP,
Deputy Financial Secretary

In his closing speech, Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury thanked the HKIoD for organizing this meaningful conference.


Welcoming participants to the event, Dr Christopher To, Chairman of HKIoD, said, "In the last five years, Hong Kong has continued to rank high in competitiveness or as a global financial centre in the world, suggesting that Hong Kong is somewhat resilient amid adversities including the pandemic. However, as there are still many looming uncertainties, we must not be complacent. We should learn the true meaning of resilience and gain skills in implementing sustainability initiatives and engaging stakeholders in developing sustainable business practices in such VUCA times." Citing the HKIoD Corporate Governance Scorecard, Dr To noted that Hong Kong listed companies have been improving in corporate governance over the past 16 years while the demands have been increasing as per global trends.

The conference brought together 21 world-class business and community leaders, scholars and policy makers to share their insights on a spectrum of topics, including (1) Fusion of People, Ideas and Technology; (2) Roadmap of Driving for Excellence; (3) Hong Kong's Role as an IFC in RMB Internationalisation; (4) Non-profits' Business Purpose; (5) Driving a Top-notch Financial Market; (6) The Board to Lead in Climate Governance; (7) Leading to Survive and Thrive in Challenges; and (8) The Rule of Law in Doing Business Going on to 2047.

Dr Carlye Tsui SBS JP, Chief Executive Officer, HKIoD, said: "Crises can make an organisation stronger and more resilient when its leaders have the determination, foresight and wisdom to turn the tide and triumph over turbulence. We should all be seeking proven measures to help our organisations fend off challenges and achieve true sustainability." Learning from COVID-19, Dr Tsui noted the global director perspective that the top items on board agenda are broader risk-set, enhanced ESG and greater stakeholder communication. She also advised that in this digital age, boards should regard technological change with a strategic perspective, continuing learning and assessment of the leadership and culture readiness for it.

About The Hong Kong Institute of Directors

The Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.

Media Enquiries:
Strategic Public Relations Group
Brenda Chan +852 2114 4396 brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395 chak.yau@sprg.com.hk

The Hong Kong Institute of Directors
Odessa So +852 2889 4988 odessa.so@hkiod.com
Joanne Yam +852 2889 1414 joanne.yam@hkiod.com

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

Retail SaaS major Unicommerce eyes to double its transaction volumes in Southeast Asia

Singapore, Sep 22, 2022 – (ACN Newswire) – Unicommerce, an integrated SaaS platform for post-purchase experience management, is experiencing rapid growth across Southeast Asia. Currently processing over 2.5 million annual transactions, the company eyes to double transaction volumes to reach 5 million by December 2022. In its first year of operations, the company has signed up over 30 clients across Singapore, Indonesia, Malaysia, and the Philippines.


Unicommerce is bullish on the growth of e-commerce in Southeast Asia. The company has already established its local presence with a sales and customer service team in Singapore, Indonesia and the Philippines, and is also planning to establish a local entity in the coming months.

Unicommerce's expansion into Southeast Asia comes as e-commerce volumes spike and companies seek an integrated platform to handle the entire post-purchase transaction flow. Being a sector- and size-agnostic platform, Unicommerce solutions have been successfully deployed by a range of retail brands looking to build a robust online presence and re-engineer their operations and processes to achieve maximum consumer connection. Some of the leading brands that Unicommerce works with within the SEA region are Edamama, Locad PayO Asia, Amilo, Business Engineers, and Luxurious Craving, among others. The company's clients in SEA include fashion brands, beauty, and personal care brands, fulfilment providers, and logistic service providers. The SaaS platform is also one of the finest omnichannel platforms that powers 2,000+ stores and 7,000+ warehouses across India.

During and post-pandemic, there is a surge in online shopping to avoid the spread of the virus. As the e-commerce and retail industry grows with multiple online shopping platforms, the supply chain has become an increasingly complex process, and companies rely heavily on technology to optimize operations.

Unicommerce's SaaS platform enables brands to streamline the supply chain with an integrated SaaS solution for inventory, order, and warehouse management. The unique, award-winning platform for post-purchase experience management helps brands and marketplaces manage operations across multiple online sales channels and physical distribution points while maintaining a smooth inventory flow to meet user expectations. The company also enables marketplaces to streamline processes with its multi-vendor management solution.

Talking about the expansion plans, Mr Kapil Makhija, CEO of Unicommerce, says, "Our clients in Southeast Asia are focused on building a strong digital presence and looking for technology solutions. Our platform enables them to enhance the post-purchase experience and achieve operational excellence. Unicommerce's robust and easy to integrate SaaS platform are well-suited to meet client needs which is reflected in our rapid growth. We are delighted to partner with many leading brands and look forward to expanding our presence across Southeast Asia."

Edamama, one of the leading brands in the Philippines, has deployed Unicommerce's Dropship Fulfillment, Vendor Management solution, and Personalized E-commerce solutions to manage different vendors and offer personalized shopping experiences to consumers. The automation by Unicommerce has enabled the company to manage operations across 400+ registered vendors and 1,000+ brands, while seamlessly maintaining 30K+ live catalog counts and allowing the brand to dispatch tens of thousands of items per month with a 99.99% fulfillment rate.

Unicommerce's growth into Southeast Asia and also Middle East Asia is built on its decade-long experience and leadership position in the diverse and dynamic Indian market, where the company processes 500 million annual transactions. The company works with some of the leading brands and companies of India including Marico, Bestseller, House of Anita Dongre, Netmeds, Mamaearth, mCaffeine, and many more.

For media queries contact:
Ganesh S
Bloomingdale Public Relations
(+65) 97791286

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

Malaysian Genomics, Rinani Genotec Sign LOI with Universiti Malaysia Sabah

PETALING JAYA, Malaysia, Sep 21, 2022 – (ACN Newswire) – Leading genomics and biopharmaceutical specialist Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155) is pleased to report that the Group has signed a letter of intent (LOI) with the Faculty of Science and Natural Resources, Universiti Malaysia Sabah (UMS) and Rinani Genotec Sdn Bhd (Genotec) to collaborate on research and development (R&D) in genetics, and regenerative and alternative medicines.
Chairman of Malaysian Genomics, Datuk Seri Dr. Chen Chaw Min


Under the LOI, MGRC, which owns a high-throughput sequencing lab, advanced microarray facility, and new state-of-the-art cell processing lab, as well as Genotec, which specializes in biomedical treatments using stem cells, will assist in strengthening the teaching and research activities of the undergraduate programme at UMS' Faculty of Science and Natural Resources.

This cooperation will enable the exchange of research resources and ideas to enhance the quality of research at UMS, as well as create opportunities for students from the Faculty of Science and Natural Resources to serve their internship period at MGRC or Genotec.

Chairman of Malaysian Genomics, Datuk Seri Dr. Chen Chaw Min, said, "We are happy to assist UMS undergraduates in pursuing their R&D goals so that they have a better understanding of their field of study. This is also in support of the National Biotechnology Policy 2.0 launched recently focusing on agriculture and food security, healthcare and wellbeing, as well as industrial and the circular economy."

The Dean of the Faculty of Science and Natural Resources, UMS, Professor Dr. Jualang Azlan Gansau said, "UMS is actively engaging in research as well as teaching activities and the involvement of industry is crucial in ensuring the relevance of such activities conducted at the University."

The signing of the LOI followed UMS' visit to MGRC's Biosafety Level 2 cGMP (Current Good Manufacturing Practice)-certified laboratory, which is used for the production of cell therapies, including CAR T-cell therapies for various cancers.

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

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

JCB sponsors Singapore’s one of the largest countdown event

TOKYO & SINGAPORE, Sep 20, 2022 – (ACN Newswire) – JCB Co., Ltd. ("JCB"), Japan's only international payment brand, will sponsor STAR ISLAND SINGAPORE COUNTDOWN EDITION 2022-2023 Presented by JCB ("STAR ISLAND"), which will be held by Avex Asia Pte. Ltd. ("Avex Asia"), subsidiary wholly owned by Avex Entertainment Inc., from December 25 to December 31 2022.


STAR ISLAND is a fireworks musical show from Japan that perfectly interfuses Japan's traditional fireworks with immersive audio experience, lights, and performance acts, all of which are performed in a spectacular location. It was held in conjunction with the Marina Bay Singapore Countdown in 2018, one of the largest countdown events in Asia, supported by the Singapore Government. This year's show is held for the first time in three years due to the COVID-19 Pandemic.

For more information about STAR ISLAND: http://www.starisland.sg/

In 2019, before the COVID-19 Pandemic, approximately more than 19.1 million visitors[1] annually traveled to Singapore from overseas, including approximately 880,000 annual travelers[2] from Japan, which hit a record high. However, the number of travelers to Singapore in 2021 significantly decreased to approximately 330,000 (of which, approximately 6,000 travelers from Japan) due to the COVID-19 outbreak.

This event, STAR ISLAND, will be held with the aim of achieving the recovery of not only travel and tourism within Singapore but also inbound travel and tourism to Singapore from its neighboring countries such as Indonesia, Thailand, the Philippines and Vietnam where JCB Cards are issued, and from other countries such as Japan.

JCB, which has been working to increase the number of JCB merchants in Singapore since 1991, decided to sponsor this event in order to encourage JCB Cardmembers, issuers and merchants in Singapore, a country who is the driving force in the overall ASEAN market, to become familiar with the JCB brand and understand its value, in addition to supporting travel to Singapore and its recovery.

Event Outline
– Date: Sunday, 25 December to Saturday, 31 December 2022
– Place: Marina Bay area event venue, The Float at Marina Bay (Singapore)
– Official website: http://www.starisland.sg/
– Organizer: Avex Asia Pte. Ltd., Avex Entertainment Inc.
– Sponsors: Urban Redevelopment Authority, Singapore Tourism Board
Note: The event outline and production details may be subject to change. Please check the official website for details.

About Avex Asia Pte. Ltd.

Avex Asia Pte. Ltd. organizes and holds live music events and anime-related events mainly in Asia as the Asian headquarters of Avex Group. Moreover, it also rolls out license businesses using not only IPs[3] held by Avex but also various IPs.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

[1] Singapore Tourism Board
[2] Japan National Tourism Organization (JNTO)
[3] IP stands for Intellectual Properties. In the field of entertainment, music, artists, television personalities, animes, video works, games, characters and others are referred to as IPs.

Contact
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

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

HKTDC Export Index 3Q22: Exporter confidence continues to improve

HONG KONG, Sep 19, 2022 – (ACN Newswire) – The sentiment among Hong Kong exporters continues to improve. The HKTDC Export Index increased a further 1.9 points to 32.8 in the third quarter of 2022, indicating a sustained improvement in confidence in the short-term export performance. However, exporters are facing downward pressure on prices, with the Trade Value Index falling 11.5 points to 40.2.
HKTDC Director of Research Irina Fan and Corey To announced the HKTDC Export Index for the third quarter of 2022 at a press conference today (19 September).


HKTDC Director of Research Irina Fan told a press conference today that a deteriorating external environment was keeping the recovery slower than hoped. "Weakening demand in major markets dampened by high inflation and aggressive monetary tightening, coupled with rising Sino-US trade tensions and other fallouts from the Russia-Ukraine conflict, also cloud the export outlook," she said.

The HKTDC conducts the Export Index survey every quarter, interviewing some 500 Hong Kong exporters from six major industries – machinery, electronics, jewellery, watches and clocks, toys and clothing – to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.

Shift in focus

Ms Fan said more than half of the respondents (52.0%) in the latest exporters' survey view the shortened quarantine requirement in the Mainland China – a seven-day centralised stay plus three days of home confinement – as positive for business. She added that enabling more flexible business travel arrangements (53.8%), the gradual resumption of cross-border commerce and trade (33.0%), and a smoother production flow (31.8%) were cited as the top benefits.

While the impacts of the pandemic continue to decline, COVID-19-related issues remain among the top concerns for Hong Kong exporters over the next three months. Most respondents said COVID-19 persistence (40.2%) and border closure (22.6%) are the major impediments to export performance.

"To help them deal with this changing environment, Hong Kong businesses are tending to shift from being market-focused to more money-focused," Ms Fan said. Developing other product categories (36.9%) and stabilising finances to ensure sufficient cash flow (35.6%) are the most popular business strategies adopted by the survey respondents. Additionally, more of them said they intend to increase unit prices (35.2%, up 18 percentage points).

Jewellery, Japan outperform

HKTDC Economist Corey To said jewellery was currently the most promising sector with the highest sub-index at 44.2, followed by toys at 37.0. The jewellery sector also showed the largest improvement, with a 9.9-point increase from the previous quarter, while the electronics sector gained 2.3 points to 32.7.

Mr To said Asia continues to provide a relatively promising outlook, adding that Japan remains the best performer at 48.4 (up 0.8 points), followed by the Association of Southeast Asian Nations (ASEAN) bloc (46.9, up 3.6 points) and Mainland China (45.8, up 2.7 points).

Recovering supply chains

He said the pandemic impact on businesses tended to be less severe in the third quarter as compared with April-June. "Fewer respondents experienced negative impacts on their business resulting from the pandemic (77.9%, down 1.2 percentage points). Among them, those whose business had been very negatively affected fell 11.8 percentage points to 23.4%."

Mr To said rising transportation costs (64.1%) and logistics disruptions (51.8%) remained the key challenges for Hong Kong exporters, though both fell significantly – by 8.5 and 13.4 percentage points respectively – from the previous quarter, reflecting the gradual easing of supply chain issues. "But it is worth noting that more respondents reported communications issues with overseas buyers/suppliers (48.2%, up 26.6 percentage points) and order cancellations (21.2%, up 4.5 percentage points)."

References
– HKTDC Research website: http://research.hktdc.com/
– HKTDC Export Index 3Q22: Gradual Recovery Underway https://bit.ly/3BetyBI
– Photo download: https://bit.ly/3Lm8UUV

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:
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

Filing of Society Pass (Nasdaq: SOPA) Form 8-K/A in Connection of Acquisitions of AdActive Media CA, Inc and Thoughtful Thailand Ltd; Acquired Subsidiaries Recognised 2021 Revenues of US$5.6 million

SINGAPORE, Sep 19, 2022 – (ACN Newswire) – Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's ("SEA") leading data-driven loyalty and e-commerce ecosystem, today announces the filing of Form 8-K/A with the Securities and Exchange Commission ("SEC") in connection of acquisitions of AdActive Media CA, Inc (the "CA Sub") and Thoughtful Thailand Ltd (the "Thailand Sub"), (the Thailand Sub and the CA Sub comprise the "Acquired Subsidiaries").

Click Here (on SEC website) to view the Form 8-K/A filing.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001817511/000160706222000581/sopa091222form8ka.htm

Summary Points:

– On 07 July 2022, SoPa, through its wholly-owned subsidiary, Thoughtful Media Group Incorporated ("Thoughtful Media" or "TMG"), a Nevada corporation, a Thailand-based, a social commerce-focused, premium digital video Multi-Platform Network ("MPN")/social media influencer advertising platform, acquired from AdActive Media Group, Inc., a Delaware corporation, (i) all of the outstanding capital stock of the CA Sub, and (ii) 99.75% of all of the outstanding capital stock of the Thailand Sub.

– Integrating the Acquired Subsidiaries onto its platform, TMG is a social commerce-focused, premium digital video MPN/social media influencer advertising platform headquartered in Thailand with an operating presence in the US, Vietnam, and Philippines. TMG expects to expand to Indonesia and Singapore in 4Q 2022.

– The combined 1Q 2022 revenues and loss from operations from the Acquired Subsidiaries totaled $1,312,986 and $84,582, respectively.

– The combined 1Q 2021 revenues and loss from operations from the Acquired Subsidiaries totaled $1,265,053 and $114,032, respectively.

– The combined 2021 revenues and loss from operations from the Acquired Subsidiaries totaled $5,655,795 and $1,173,022, respectively.

– The combined 2020 revenues and loss from operations from the Acquired Subsidiaries totaled $5,928,800 and $899,933, respectively.

About Society Pass Inc

Founded in 2018 as a digitally-focused loyalty and data marketing ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

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

Cautionary Note Concerning Forward-Looking Statements

This press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

Sarawak Consolidated Industries Berhad Appoints Directors

KUCHING, MALAYSIA, Sep 15, 2022 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is pleased to announce the redesignation of Mr. Ku Chong Hong as Executive Director and the appointments of En. Mohd. Shakir bin Shahimi and En. Nuraiman Shaiful bin Annuar as Independent Non-Executive Directors (INED), effective today.
Group Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman

Mr. Ku Chong Hong

En. Mohd. Shakir bin Shahimi

En. Nuraiman Shaiful bin Annuar


Mr. Ku, who was appointed to the board of directors on 17 March 2022 as an INED, has experience in audit and assurance, and business advisory-related fields through various local and international companies involved in a range of industries from property and construction to software.

En. Mohd. Shakir will replace Ku as chairman and member of the audit committee. A chartered accountant, he graduated with a degree in accountancy from Universiti Utara Malaysia and is a member of the Malaysian Institute of Accountants. He was an auditor with Arthur Andersen & Co and has experience auditing public-listed and privately-held companies. He is currently an audit manager with Khairuddin Hasyudeen & Razi. He is also an INED with Bintai Kinden Corporation Berhad, where he is chairman of the nomination, remuneration and risk management committees as well as member of the audit committee.

En. Nuraiman has attended the International Bachelor of Business Administration Programme from Hult International Business School, London United Kingdom in year 2017. He has experience in the oil and gas as well as construction fields. He holds directorships in Hipro Technologies Ltd and Petro Flanges and Fittings Sdn Bhd.

Group Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman, said, "We welcome En. Mohd Shakir and En. Nuraiman aboard and look forward to their guidance and advice. Their experience and knowledge will be a good addition to the board while enhancing our governance decision-making structure. We would also like to congratulate Mr. Ku in his redesignation as Executive Director. His insights and knowledge will be invaluable in helping us grow the Company."

About Sarawak Consolidated Industries Berhad

Sarawak Consolidated Industries Berhad (SCIB) was founded in 1975 and has evolved from a small enterprise into a reputable Group of companies listed on the Main Market of Bursa Malaysia Securities Berhad. Currently, SCIB is operating three factories in Kuching, Sarawak, one factory in the Pending Industrial Estate and two factories in the Demak Laut industrial park.

SCIB is well known for professional management and has long history of innovative ideas and technological advances. Coupled with its wealth of experience and research acquired in more than three decades, SCIB offers its clients in-depth expertise through a combination of technology, efficiency and speed. For more information, visit scib.com.my.

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

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

Bintai Kinden Shareholders Approves All Resolutions at 28th AGM

PETALING JAYA, Malaysia, Sep 15, 2022 – (ACN Newswire) – Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that shareholders have approved all resolutions at the 28th Annual General Meeting (AGM) of the Company held today on a virtual platform.
Azri Azerai, Executive Director of Bintai Kinden


Shareholders passed the resolution to receive the audited financial statements for the financial year ended 31 March 2022 (FY2022) as well as to re-elect Ooi Jit Huat and Mohd Shakir Shahimi, the directors who were retiring in accordance with Clause 8 of the Company's constitution. Directors retiring in accordance with Clause 113 of the Company's constitution, Mohd Idzwan Izuddin Datuk Ab Rahman and Ku Chong Hong, who, being eligible, had offered themselves for re-election, were also re-elected.

The resolution to allow the board of directors the authority to allot and issue shares that does not exceed 10% of the total issued shares of the Company at the time of the issue to be in force up to the conclusion of the next AGM was also approved by shareholders. In addition, shareholders also waived statutory pre-emptive rights to be offered Bintai Kinden shares ranking equally to existing issued shares in accordance with Section 85 of the Companies Act, 2016 and with Clause 52 of the Company's constitution.

Messrs. HLB Ler Lum Chew PLT was also appointed as the auditors of Bintai Kinden and shareholders authorised the directors to fix their remuneration. Other resolutions passed included the payment of directors' fee amounting to RM108,000 for FY2022 and approving directors' other benefits payable up to an amount of RM10,000 from 16 September 2022 to the next AGM of the Company.

Azri Azerai, Executive Director of Bintai Kinden said, "We would like to thank shareholders for their continued support and confidence in us. We will endeavour to ensure that their interests as well as the interest of other stakeholders are safeguarded as we work to grow the business."

"While the global economic outlook is increasingly challenging, we will continue to leverage on our core M&E engineering expertise to seek opportunities in Malaysia and around the region. We have in recent months also explored the Middle East market, a region with a lot of potential given the growing population and expanding economic activities."

At the AGM, shareholders also voiced their concerns over arrears totalling RM42.0 million owed by Kolej Teknologi Islam Melaka Berhad (KTIMB) to Bintai Kinden's wholly-owned subsidiary, Optimal Property Management Sdn Bhd (OPM) for the construction and operation of the student accommodation at Kolej Universiti Islam Melaka (KUIM), now known as Universiti Melaka (UNIMEL).

OPM completed the construction of the UNIMEL student accommodation in 2019. KTIMB had awarded a 25-year concession in 2016 to OPM to construct and operate the student accommodation at the then KUIM but to-date, OPM has received only a portion of the concession fees for operating the student accommodation and has been forced to use its own funds.

Bintai Kinden's orderbook covering M&E and oil and gas (O&G) projects currently total RM120.43 million. The Company was recently granted approval for a license by Petroliam Nasional Berhad (Petronas) under the Standardised Work and Equipment Categories Code, to bid for O&G projects that come under Petronas.

About Bintai Kinden Corporation Berhad

Bintai Kinden Corporation Berhad is a multidisciplinary building and industrial service engineering outfit founded in 1973. The Company has designed, installed and commissioned systems that include the full range of engineering services for commercial buildings to industrial complexes. Headquartered in Malaysia, Bintai Kinden has worked on projects in Southeast Asia, China and the Gulf region of the Middle East. For more information, visit bintai.com.my.

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

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

Hong Kong Young Fashion Designers’ Contest 2022 winners revealed

HONG KONG, Sep 14, 2022 – (ACN Newswire) – Asia's leading fashion event CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC), concluded on 11 September with the 2022 Hong Kong Young Fashion Designers' Contest (YDC). Ten promising local designers showcased their creations at an eye-catching fashion show with celebrities Will Or, Siuyea Lo and JB showing up as special guests to add to the celebratory atmosphere. Following the catwalk parade, a judging panel of industry professionals picked out three winners for the four YDC awards. Champion Vicky Tsang received a monetary reward together with a one-month overseas internship sponsored by Fang Brothers Knitting Ltd.
Ten promising local designers showcased their creations at an eye-catching fashion show with celebrities Will Or, Siuyea Lo and JB showing up as special guests to add to the celebratory atmosphere.


The winners at YDC 2022 are as follows:
– Champion: Vicky Tsang; Design: "EXHAUSTING A CROWD"
– Excellence Award: Lorraine Tam; Design: "I AM NOT INFECTED"
– Best Visual Presentation Award: Lorraine Tam; Design: "I AM NOT INFECTED"
– My Favourite Collection Award: Justine Wan; Design: "AN UNQUIET MIND"

Champion Vicky Tsang said her collection, "EXHAUSTING A CROWD", used 3D prints to illustrate a surrealist aesthetic. "I am very surprised and happy to be named Champion! Even though there were a lot of setbacks during the whole design process, I came to the show today with equanimity. Thank you to all the staff who provided their support over the past two months," Ms Tsang said after receiving the award.

Judges offer valuable feedback to YDC participants

The judging panel for this year's YDC was made up of an impressive roster of fashion experts and media pundits. Chief Judge was Katherine Fang, Chairman of the HKTDC Garment Advisory Committee. The other judges on the panel were Ahy Choi, Senior Deputy Editorial Director of VOGUE Hong Kong; Jonathan Lee, Wholesale Director, APAC of Ryodan Showroom; Jimmy Chan, Head of Account Manager, APAC of Farfetch; Constance Lee, ConStyle Limited Director and Fashion Stylist; and Joe Li, Creative Director, Circularity Ambassador.

Hideaki Shikama, designer of the acclaimed Japanese fashion label Children of the discordance, was invited as VIP judge. Although he was not able to travel to Hong Kong to participate in the show, he shared a message via video, saying: "Each designer's collection has its own uniqueness, and I was surprised at the perfection shown in the actual samples. I was so stimulated by all of your collections. Thank you so much."

Websites
– CENTRESTAGE: http://centrestage.com.hk
– Hong Kong Young Fashion Designers' Contest (YDC): http://www.fashionally.com
– Winning collections photo download here:
https://drive.google.com/drive/folders/1r0y1Ricvb8QtouORjOGZ_xihMUkjIZs8

About YDC

The YDC aims to promote a new generation of local design talent, while creating opportunities to showcase their collections in front of global and local industry professionals at CENTRESTAGE. Organised by the HKTDC, the contest is considered one of the most prestigious events of its kind in the region, with a successful track record of past contestants becoming leading designers for fashion enterprises or establishing their own labels. To further promote the international visibility of local Hong Kong designers, in 2012 the HKTDC launched FASHIONALLY.com, an online platform that showcases the work of local labels and talents and links them with global industry insiders and opportunities.

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
For more information, please contact Best Crew PR:
Diana Tang, Tel: +852 9199 6723, Email: diana.tang@bestcrewpr.com
Reni Kwok, Tel: +852 6291 4283, Email: reni.kwok@bestcrewpr.com
Mercy Mo, Tel: +852 9096 1148, Email: mercy.mo@bestcrewpr.com

HKTDC's Communications and Public Affairs Department:
Snowy Chan, Tel: +852 2584 4537, Email: snowy.sn.chan@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

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