Tag: Local Biz

Avantor and Avantor Foundation Make a Difference by Providing Critical Health Services for Vulnerable Communities in Singapore

Singapore, Aug 24, 2022 – (ACN Newswire) – Avantor Foundation, Avantor's philanthropic arm, committed financial resources to healthcare charitable organizations, HealthServe and SATA CommHealth, as part of the Foundation's mission to provide healthcare to those in need.

The grants will offer much-needed support to communities who would otherwise be unable to receive quality medical care. By identifying community needs and addressing them through these grants, the Avantor Foundation is able to contribute to the advancement of healthcare in Singapore and the region.

"As we continue to create a better world, grants like this demonstrate our commitment to providing healthcare to those in need," said Christophe Couturier, Executive Vice President, AMEA, Avantor and Board Member of the Avantor Foundation. "By working with SATA CommHealth and HealthServe, we want to connect and help communities, which deserve crucial assistance but are sometimes overlooked. The aid we are providing will address the critical unmet needs in healthcare and enable Science for Goodness, and ultimately create a lasting impact in our communities."

SATA CommHealth, an organization which serves the community through the provision of subsidized care in their medical centers, will work with approximately 50 community and grassroots organizations to provide free health screenings for the elderly and less fortunate through regular check-ups and early medical intervention to prevent chronic or deadly diseases.

"We are truly grateful to receive this generous donation from the Avantor Foundation," said Boon Khiang Chia, Director & Head of Strategic Partnerships & Branding, SATA CommHealth. "We will be able to facilitate collaboration with our community leaders and constituency representatives to effectively serve the healthcare needs of our beneficiaries, especially the elderly who are most vulnerable to poor health."

The Avantor Foundation also has provided a grant to HealthServe, a medical NGO that advocates for the needs and wellbeing of vulnerable, low-wage migrant workers in Singapore. Their services include healthcare, counseling, casework, mental health support and social assistance for their beneficiaries. HealthServe will use this grant for a nurse-led chronic disease case management program that supports migrant workers in need of medical assistance.

Michael Cheah, Executive Director, HealthServe said, "Bringing healing and hope to migrant workers has always been a cause that is very close to our hearts. This contribution from the Avantor Foundation will allow us to offer customized care plans to these workers in need of medical assistance and deliver better care outcomes for them in the long term."

About Avantor

Avantor, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world.

For more information, visit www.avantorsciences.com/site/ and find us on:
LinkedIn – https://www.linkedin.com/company/avantorinc/
Twitter – https://twitter.com/Avantor_News
Facebook – https://www.facebook.com/Avantorinc/

About Avantor Foundation

As the philanthropic arm of Avantor, the Avantor Foundation's mission is to create a better world by advancing science education and providing healthcare to those in need. Since 2009, the Avantor Foundation has been making a difference in the science community by supporting organizations aligned to its mission. Learn more at www.avantorsciences.com/pages/en/avantor-foundation.

Media Contact
Christina Koh
Director, Communications – AMEA
Avantor
M: +65 9720 0169
Christina.Koh@avantorsciences.com

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

Spartan Capital: Society Pass (Nasdaq: SOPA) 10Q Shows Early Progress for Four Verticals

SINGAPORE, Aug 22, 2022 – (ACN Newswire) – Spartan Capital Securities LLC ("Spartan Capital") issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) ("SoPa").

Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report. https://tinyurl.com/SocietyPass

Summary Points:

– Vietnamese e-commerce luxury goods retailer Leflair generated 92% of revenue and has strongly rebounded since being purchased out of bankruptcy and relaunched last year. Leflair posted a minor gross loss and a $694k operating loss. We look for four major catalysts for Leflair for the remainder of 2022: first, the launch of a new app, second, re-entry into the Philippines market, entry into the Indonesian market and the 4Q holiday shopping season.

– The second largest contributor was online grocery and food delivery comprising 5% of revenue. This included both Pushkart, which offers supermarket delivery in the Philippines and Handycart which offers restaurant delivery in Hanoi, Vietnam. We suspect that Pushkart generated the bulk of this revenue. During 3Q, the company acquired Mangan, a restaurant delivery company in the Philippines, which should substantially increase segment revenue.

– The telecom segment is represented by Gorilla which was acquired in May. It generated $5.6k in data sales revenue, versus our estimate of zero, ahead of the relaunch of its app planned for late 3Q.

– Both telecom and merchant POS had modest positive gross income, while the other two did not, netting to effectively zero. The operating loss was $7.6 million, with the vast majority of this related to G&A. As revenue ramps, we expect each unit to first turn a positive gross margin, then cover operating expenses. As is normal for a growth company, we expect costs related to growth to keep operating income negative for at least the next year.

– Lastly, EBITDA came in at negative $4.4 million and the company ended June with $28 million in cash. Our model has the company generating $10 million more in EBITDA losses through the end of 2023 before turning positive in 2024, so cash appears more than adequate. The Q also provided details on recent acquisitions, which are being done with modest cash outlays — all seven closed acquisitions were done for about $1.2 million in cash, plus stock. So we see the opportunity for many more acquisitions as well with the cash on hand.

About Society Pass

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

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

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

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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

G Neptune Seeks Shareholders’ Approval to Acquire Soutern Score, a construction Management Services Company, as part of its Proposed Regularisation Plan

KUALA LUMPUR, Aug 22, 2022 – (ACN Newswire) – G Neptune Berhad is pleased to announce that its circular, which includes multiple proposals as part of its proposed regularisation plan, has been issued today. Upon completion, the proposed regularisation plan is expected to address its Guidance Note 3 (GN3) status as well as to return it to a stronger financial standing and profitability that will benefit all stakeholders.
Executive Director and Chief Executive Officer of Southern Score Gan Yee Hin and Executive Director and Head of Group Investment Banking & Islamic Banking of Kenanga Investment Bank Berhad Datuk Roslan Hj Tik [L-R]


The proposed regularisation plan includes amongst others, the proposed acquisition of the entire equity interest in Southern Score Sdn Bhd from Super Advantage Property Sdn Bhd for a purchase consideration of RM252.0 million to be satisfied through the issuance of 1.68 billion shares.

Southern Score is a construction management services company with a recorded net profit of RM6.51 million, RM19.20 million and RM35.18 million in the financial year ended 31 December 2019, 2020 and 2021 respectively. Super Advantage, being the vendor of Southern Score, has provided cumulative net profit guarantee of RM80.0 million over the three-year period from 2022 to 2024. Super Advantage is held by Tan Sri Datuk Seri Gan Yu Chai, the Managing Director of Southern Score, a veteran in the construction and property development industries with more than 30 years' experience as well as Gan Yee Hin, the Executive Director and Chief Executive Officer of Southern Score.

Other than the proposed acquisition, the proposed regularisation plan also entails the following:

– proposed consolidation of every ten existing shares in G Neptune into one consolidated share;
– proposed settlement of debt amounting to RM3.1 million to Mr. Chai Tham Poh, an Executive Director of G Neptune, via the issuance of 20.67 million shares;
– proposed private placement of 543.05 million shares at an issue price to be determined later but shall not be less than 20 sen per share to eligible investors to be identified later; and
– proposed exemption under the take-over rules from the obligation to undertake a mandatory take-over offer for the remaining G Neptune shares not already owned by Super Advantage as well as Tan Sri Datuk Seri Gan Yu Chai and Gan Yee Hin.

Through the proposed private placement, G Neptune aims to raise at least RM108.61 million to be used for amongst others, the purchase of building materials and repayment to contractors for future construction projects, as well as for TCS SS Precast Construction Sdn Bhd (TSPC), a CIDB Grade 7 contractor in which Southern Score owns a 35% stake.

Additionally, to better reflect the Company's corporate identity going forward, it is proposed that the Company name "G Neptune Berhad" be changed to "Southern Score Builders Berhad".

Commenting on the proposed acquisition, Gan Yee Hin, said, "The proposed acquisition of Southern Score is an integral part of the regularisation plan as it will enable G Neptune to enter into the construction industry which is a thriving and growing industry. This will also help in regularising the Company's financial condition as it currently does not have a core business to sustain its listing status. We expect Southern Score to benefit from the growth in the construction sector which is expected to be positive in 2022 following the reopening of Malaysia's economy."

"We also intend to venture into the manufacture of Industrialised Building Systems (IBS) products through TSPC as we see demand rising given that the construction sector is moving towards the adoption of IBS for better construction quality and productivity, less dependency on foreign labour as well as lower costs. Government initiatives are also supportive of this adoption."

The proposed regularisation plan and the proposed change of name are subject to, amongst others, GNB shareholders' approval at the forthcoming general meeting to be held on 13 September 2022.

Kenanga Investment Bank Berhad is the principal adviser and sponsor for the proposed regularisation plan as well as placement agent for the proposed private placement while Malacca Securities Sdn Bhd is the independent adviser for the proposed exemption.

G Neptune Berhad: 0045 [BURSA: GNB], https://www.gneptune.com/
Southern Score: https://southernscore.com.my/

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

Spotless Laundry Tips from Bosch: Detergent, Water and Electricity Saving Made Easy

SINGAPORE, Aug 18, 2022 – (ACN Newswire) – Research has shown that post-pandemic, people have amended their laundry habits, developed better hygiene habits and overall become more conscious of environmental impacts on our planet. Laundry will and has always been that never-ending chore – having said that the pandemic has brought it to a new positive light.

More than ever before, laundry products have begun to play an essential role in maintaining one's health and well-being. Cleaning and laundering are part of self-care and caring for our family.

An increase and change in laundry habits

During the various phases of the pandemic, it has been observed that people have been doing more and more frequent laundry – driven by a need for better cleaning and reassurance that they aren't carrying invisible dirt on their clothing. It's not only clothes that are being washed more or more often, since the pandemic, there is also an increase in washing household items more frequently (such as bedding, towels, etc.) to keep the household safe.

On average, a regular 2 kids and 2 adults' household will do laundry 1-3 times a week and spend between 2-5 hours on it. With that, the increasing trend for more intelligent washing machines has been observed.

Doing laundry is still a chore, but with the help of new, more innovative washing machines, can be simplified and even made more economical and environmentally friendly. It may be time to upgrade to a new washing machine that is smarter and will ensure you have perfectly clean laundry with every cycle.

The iDOS Bosch Serie 6

Doing the laundry may seem simple but in reality, precise detergent dosage plays a large part in ensuring perfect wash results. The latest i-DOS Bosch Serie 6 washing machine is there to meet any laundry needs. Check out these 4 Reasons why a Bosch i-DOS washing machine is perfect for your family household.

Perfect wash results every time

Using too little detergent, especially for heavily soiled laundry, can lead to unsatisfactory results – stains and odours may remain on your laundry after the wash. Bosch i-DOS washing machines provide a perfect clean by automatically dispensing the optimal dose of detergent and softener. Thanks to integrated sensors located inside the drum, this innovative feature detects the load volume, fabric type, degree of soiling, and water hardness of every laundry load, in order to determine the optimal amount of detergent and softener to dispense.

No more allergies from detergent residue

Using too much detergent can result in traces of them remaining on your clothes, which may trigger irritation, rashes, and allergies for those with sensitive skin. By using only the precise amount of detergent needed, i-DOS washing machines give you clean, fresh laundry every time. For greater peace of mind, detergent residue can be removed effectively by using the AllergyPlus programme, which treats your laundry with a higher washing temperature and a longer rinse cycle.

Gentle on the environment and utility bills

Contrary to popular belief, using more detergent does not necessarily give you cleaner clothes. In fact, excessive detergent usage may require longer rinses, resulting in increased water and energy consumption. With precise dosing to the nearest millimetre, Bosch i-DOS washing machines use up to 38% less detergent and saves up to 10L of water per washing cycle.

Intelligent dosing technology – top up once for many washes

You only have to fill up detergent once that will last up to 26 washes. Instead of manually dosing detergent and softener for every wash, Bosch i-DOS washing machines have two separate chambers to store up to 1.3 litres of liquid detergent and 0.5 litres of liquid softener for added convenience. Simply fill up the chambers when the automatic alert comes on, and you won't have to refill them again for many laundry loads.

All in all, you can be assured that each wash is intelligently weighed by automatic load detection, i-DOS will assess the dirtiness of the clothes and accordingly dispense water using the automatic programming that will determine the fabrics to be washed and most importantly automatically dose the precise amount of detergent needed for each load.

Using the right amount of detergent guarantees that your laundry is perfectly clean and helps to ensure residue-free laundry. It also means you'll avoid skin irritation and allergies – just right for anyone with sensitive skin.

From now until 31 August 2022, shoppers can get the Bosch i-DOS 9kg front-load washing machine (WGG244A0SG) at $1,399 (U.P. $2,899) and the Bosch i-DOS 10kg one at $1,599 (U.P. $4,199). For a limited time only receive two Persil Odour Eliminators 2.7L (U.P. $12.55) and two Persil Antibacterial Refills 1.5L (U.P. $6.75) thrown into the bundle.

For more details on Bosch's products, please visit www.bosch-home.com.sg.

You may download the complementing images from the virtual media kit here. https://preciouscomms.app.box.com/folder/169280237747

About Bosch

The name Bosch is known worldwide as a symbol of excellent quality and reliability. For more than 85 years now, its home appliances have also honoured this claim: Bosch is Europe's leading household appliances manufacturer. Its products are based exclusively on the real requirements of modern households. Thanks to trendsetting technology and surprisingly simple solutions, they effortlessly achieve perfect results and simplify everyday life. In addition, high quality, precisely finished materials and a timeless, internationally acclaimed design ensure noticeable quality and sustainability. A recognised high service quality cements the trust of the user in the brand and underpins the Bosch guiding principle, "Invented for life".

For media enquiries, please contact:
PRecious Communications
bsh@preciouscomms.com

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

Malaysian Genomics Explores Strategic Partnership with MAHSA Health through MoU

PETALING JAYA, Malaysia, Aug 18, 2022 – (ACN Newswire) – Malaysian Genomics Resource Centre Berhad's (Bursa: MGRC, 0155) wholly-owned subsidiary, MGRC Therapeutics Sdn. Bhd. signed a memorandum of understanding (MoU) with MAHSA Health Sdn Bhd to discuss the formation of a strategic partnership promoting practice-based education, research and knowledge exchange.

En. Azri Azerai, Executive Director of Malaysian Genomics

Datin Dr Maya, Chief Executive Officer of MAHSA Health


Malaysian Genomics is the first company in Malaysia to pioneer genomics and genetic screening in Malaysia for over 17 years. Since then, Malaysian Genomics has expanded its offerings in other important areas in the healthcare and wellness that include cancer immunotherapy, cell manufacturing services and kidney dialysis. Malaysian Genomics continues to strive to provide the latest in precautionary, preventive and curative healthcare services for its local and worldwide customers.

MAHSA Health Sdn Bhd is a Malaysia-grown company, part of MAHSA Group of Companies, which is determined to be a revolutionary leader in healthcare. Since its inception in 2017, MAHSA Health has been striving to be in the forefront of primary healthcare, focusing on family health and wellness.

Encik Azri Azerai, Executive Directorof Malaysian Genomics said, "We look forward to sharing our experience in genomics, bioinformatics, and biopharmaceuticals with MAHSA Health via this collaboration. By providing industry inputs and insights to MAHSA, we hope to benefit students at MAHSA with the tremendous promise that various healthcare sciences have to offer for all."

"Through this collaboration we also hope to identify opportunities to improve the delivery of integrated, holistic primary healthcare services, including genetic screening services to improve the lives of individuals in the long run."

Datin Dr Maya, CEO of MAHSA Health, with her double expertise in health and wellness services, and education industry, said, "Passion is the greatest asset we each have. The main idea of MAHSA Health is to improve the quality of life in providing health care and wellness services to our community. We are a team-based healthcare that provides comprehensive medical care to patients with the goal of obtaining maximized health outcomes."

"Through this collaboration, we foresee opportunities and collaborative efforts in many areas, both in health care and education industry in providing an ecosystem of teaching, training, and producing services to the country nationwide."

The MoU is a framework through which MGRC Therapeutics and MAHSA Health can explore opportunities for health and wellness-related services; create opportunities for students' clinical placement, internship and employment; identify opportunities for conducting collaborative research and development (R&D); and create opportunities in training, seminars and conferences.

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

Hektar REIT Sustainability & CSR Initiatives Gets Awarded

KUALA LUMPUR, Aug 18, 2022 – (ACN Newswire) – Hektar Real Estate Investment Trust (Hektar REIT) has been awarded "Company of the Year" under the "Stakeholder and Community Sustainability Engagement Initiatives" category of the Sustainability & CSR Malaysia Awards 2022 held today at Mandarin Oriental Hotel Kuala Lumpur.
Second from Left: Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun and CEO of Hektar Asset Management Johari Shukri bin Jamil

Johari Shukri bin Jamil, CEO of Hektar Asset Management


This award follows the recent 4-star Environmental, Social and Governance (ESG) rating upgrade received by Hektar REIT as a constituent of the FTSE4Good Bursa Malaysia Index (F4GBMI) in the June 2022 evaluation by FTSE Russell.

The Sustainability & CSR Malaysia Awards 2022, which was officiated by the Minister of Rural Development, YB Dato' Seri Mahdzir bin Khalid, and represented by the Secretary-General of the Ministry of Rural Development, YBhg Datuk Ramlan Harun is organised by CSR Malaysia, a publication and social initiative under the auspices of the Malaysian Welfare Society for Corporate Sustainability & Responsibility, which is the national organisation for sustainability in the country. Several nominations were received for the various categories, with awardees judged by a distinguished panel of judges drawn from the media and the Malaysian Welfare Society for Corporate Sustainability & Responsibility.

Chief Executive Officer of Hektar Asset Management Sdn. Bhd. (Hektar Asset Management), En. Johari Shukri bin Jamil said, "We would like to express our utmost appreciation and thank the panel of judges for this award and recognition of our efforts and see this as an encouragement to continue improving ourselves. Hektar REIT's Asset Under Management consists of five established neighbourhood-focused malls and one regional shopping mall, which play key roles in serving the various stakeholders – i.e., the shoppers, tenants, employees and surrounding community within their respective geographical areas.

During the pandemic, our shopping malls complied stringently with the Government's directives to provide a safe retail environment for all by upholding strict safety and hygiene protocols. CSR initiatives are close to our heart and we aim to continuously engage with the community by undertaking various initiatives for the underprivileged or vulnerable groups such as those affected by the pandemic as we at Hektar understand & believe that all of us owe a responsibility towards the betterment of our society."

"Our recent ESG rating on the F4GBMI shows that Sustainability and CSR matters are very much grafted into our corporate culture. Our sustainability framework, which was first set up in 2017, continues to evolve in response not just to legislation but also to wider social and environmental concerns. We learned much, especially during the pandemic, on being resilient and sustainable while responding to the importance of reducing our environmental footprint and increasing our responsibility towards our stakeholders."

About Hektar Real Estate Investment Trust

Hektar Real Estate Investment Trust (Hektar REIT) is Malaysia's first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.16 billion as at 31 December 2021. The REIT's strategic partner is Frasers Centrepoint Trust, part of Frasers Property Ltd, headquartered in Singapore. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT's portfolio of commercial properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.com

For more information or inquiries, please contact:
Investor Communications
Tel: +603 6205 5570
Email: ir@HektarREIT.com

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

Hatten Land Signs Partnership Agreement to Launch The World’s First-of-its-Kind Mobile Legends: Bang Bang, Southeast Asia’s Top Game with 100 Million Monthly Active Users, Themed Integrated Esports Hub in Melaka at ElementX

– Continual advancement of Hatten Land’s strategic pivot, including Phygital, Metaverse and Esports, to attract footfalls and increase value of its physical assets by re-purposing the assets and partnering with established industry leaders
– The partnership agreement is signed with MOONTON Games, an international gaming developer known for producing highly acclaimed Mobile Legends: Bang Bang (“MLBB”), which has more than one billion downloads globally with a consistent player base of 100 million monthly active users and it is the number 1 multiplayer online battle arena game in Southeast Asia(1)
– Hatten Land’s ElementX mall and hotel will be transformed into the world’s first-of-its-kind MLBB-themed Integrated Esports Hub with multiple giant- sized displays of MLBB characters and eye-catching MLBB-themed facade and interior designs to create experiential interactions, an immersive environment with special rewards for MLBB players and fans worldwide
– Positioned as an instagrammable hot-spot for gaming tourism and increasing more footfall to ElementX, the world’s first MLBB-themed Integrated Esports Hub in Melaka will be a brand-new attraction in Malaysia that is expected to be a key driver of gaming and Esports activities as well as attract new visitors (such as gamers and fans) and boost tourism activities in Melaka
– More footfall and hotel guests are expected to be attracted to ElementX, located on prime acreage within UNESCO World Heritage City, Melaka, with its strategic and convenient location covering Singapore, Kuala Lumpur, Selangor, Johor and other fast-growing areas, as well as over 20 million affluent population within 250km radius

SINGAPORE & MELAKA, MALAYSIA, Aug 18, 2022 – (ACN Newswire) – Hatten Land Limited (惠胜置地有限公司) (“Hatten Land“, “Company“, and together with its subsidiaries, the”Group“) is pleased to announce that its wholly-owned subsidiary Hatten Edge Pte. Ltd. (“Hatten Edge“) has signed a partnership agreement with MOONTON Games to jointly develop and launch the world’s first Mobile Legends: Bang Bang (“MLBB“) Integrated Esports Hub in Melaka at EleementX and promote Mobile Legends: Bang Bang in Malaysia and across the region via marketing campaigns, esports tournaments and branding events.

MOONTON Games and Hatten Land to Jointly Develop and Transform ElementX Mall and Hotel in Melaka into the World’s First MLBB-themed Integrated Esports Hub at ElementX

Developed by MOONTON Games, Mobile Legends: Bang Bang has more than one billion downloadsglobally with a consistent player base of 100 million monthly active users and it is the number 1 multiplayer online battle arena game in Southeast Asia.

Since the 2019 Southeast Asian Games (“SEA Games”), Mobile Legends: Bang Bang has been featured insuccessive SEA Games as a medal event. In May 2022, the SEA Games’ MLBB event amassed over 2.2 million concurrent viewers at its peak, during the grand final match between Indonesia and the Philippines, setting a new viewership record at the 31st SEA Games(3).

According to Sensor Tower Store Intelligence estimates, total gross revenue of Mobile Legends: Bang Bangsurpassed US$500 million in 2020 with user spending of US$214.1 million in 2019. Malaysia has proven to beMobile Legends’ most lucrative market globally, with players there spending US$87.5 million in the game, or17 percent of total revenue. Indonesia ranked No. 2 for player spending, generating US$69.2 million, or 14percent of the total, while the United States was No. 3, racking up US$64.1 million, or 12.8 percent of allrevenue(2).

Under the partnership agreement, MOONTON Games and Hatten Land will jointly develop and transform ElementX mall and hotel in Melaka into the world’s first Mobile Legends- themed Integrated Esports Hub thataims to attract 20 million visitors from around the region.

With multiple giant-sized displays of Mobile Legends: Bang Bang characters and eye-catching MLBB-themed façade and interior designs, the world’s first MLBB-themed Integrated Esports Hub aims to create experiential interactions and an immersive environment for players and fans, creating new innovative experiences and conducive spaces for gaming and Esports activities, thereby attracting more footfalls toElementX.

Located on prime acreage within the centre of a UNESCO World Heritage City attracting 18.9 million visitors pre-covid, ElementX encompasses gross floor area of 1.88 million square feet of retail and entertainment space spanning across 13 floors, aimed at attracting experienced gamers and those who are new to Esports and immersive phygital experiences.

Attracting new visitors (such as gamers and fans) and boosting tourism activities in Melaka, ElementX is expected to become the destination mall in Melaka and a brand-new family go- to attraction in Malaysia.

Positioned as Southeast Asia’s first large-scale integrated Esports experiential hub, Metaverse gateway andthemed award-winning hotel accommodation, Hatten Land has made continual advancement of HattenLand’s strategic pivot, including Phygital, Metaverse and Esports, to attract footfalls and increase value of its physical assets by re-purposing the assets and partnering with established industry leaders, such as Huawei International, Focus Media Sports, KITAMEN and Melaka Esports Association, etc. With the addition of Mobile Legends:

Bang Bang, the Southeast Asia’s top game, Hatten Land has once again shown its consistency and constant commitment towards delivering its strategic pivot announced.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “Gaming is becomingthe most engaging form of entertainment in the world with Esports gaining more momentum as a spectatorsport.

Mobile Legends: Bang Bang has experienced explosive growth globally with Southeast Asia being its key revenue market since its launch in 2016.

Catering to the growing popularity of MLBB, the world’s first-of-its-kind MLBB-themed integrated Esports Hub at ElementX is conceptualised with an array of experiential interactions and immersive environment as well as multi-dimensional offerings that redefine gaming experiences, creating a special bond among MLBB fans and attracting more footfalls and hotel guests to ElementX.

Together with MOONTON Games, we share the same commitment in creating a thriving, sustainable Esports and gaming ecosystem in Malaysia and across the region, boosting tourism spending and spurring new growth and opportunities across other business adjacencies.”

Mr. Fikri Rizal Mahruddin, Marketing Lead of MPL Malaysia, MOONTON Games, added: “Our partnership with Hatten Land to launch the world’s first MLBB-themed integrated Esports Hub at ElementX in Melaka is another important experiential initiative for us to connect with our players and fans in a way that other forms of media cannot replicate.

We look forward to work closely together with Hatten Land to drive more community-driven and crowd-funded eventsacross the region, increasing the popularity of Mobile Legends: Bang Bang and winning new fans.”

(1) https://themalaysianreserve.com/2021/03/03/mobile-gaming-is-the-future/
(2) https://sensortower.com/blog/mobile-legends-revenue-500-million
(3) https://www.oneesports.gg/mobile-legends/31st-sea-games-mlbb-grand-final-record/

Note: This press release is to be read in conjunction with the SGX announcement released on the same date.

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

To potentially enhance the value of its physical assets as well as create digital assets at the same time, with sustainability efforts in mind, the Group’s new business strategies is to re- purpose the Group’s physical assets, in particular its malls, by identifying new uses, including but not limited to co-sharing office spaces, talent innovation hub, education-related activities, cinema operations, crypto mining and renewable energy activities.

The Group has obtained shareholders’ approval to diversify its business to include renewable energy, physical-digital malls, cryptocurrency mining and the Metaverse via an extraordinary general meeting on 30 December 2021.

With the various digital and renewable initiatives announced by the Group, there are opportunities for the Group to enter into new markets offering new business opportunities which would potentially provide additional and recurrent revenue streams and assist in continual growth of the Group.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, please visit: www.hattenland.com.sg

This announcement has been prepared by Hatten Land Limited (the “Company”) and its contents have been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Media & Investor Contact for Hatten Land :
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com



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

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

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


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

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

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

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

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

About CNERGENZ Berhad

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

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

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

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

HKTDC and Huatai International launch strategic partnership

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


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

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

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

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

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

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

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

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

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

About HKTDC

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

About Huatai International

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

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

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

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

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

eDriving and Innovation Group Win Technology Program Award at The Australian Road Safety Foundation’s 11th Annual Australian Road Safety Awards

CAPE MAY, NJ, Aug 16, 2022 – (ACN Newswire) – Together with partner Innovation Group Australia, eDriving(SM), a Solera company, and leading global provider of digital driver risk management solutions, has been named the winner of the Technology Program Award at The Australian Road Safety Foundation's 11th Annual Road Safety Awards.


eDriving and Innovation Group were presented with the award for eDriving's innovative digital driver safety app, Mentor(SM). Mentor is made available by eDriving to fleet operators in Australia and New Zealand through the Innovation Group partnership.

The Australian Road Safety Awards acknowledge the achievements of leading road safety stakeholders and provide an opportunity to formally recognise their commitment to improving road safety outcomes.

"We're delighted that Mentor has been recognised for its contribution to keeping those who drive for work purposes safe across Australia and New Zealand," said Ed Dubens, CEO/Founder of eDriving. "This is great news for reinforcing the value of our partnership with Innovation Group in helping to reduce driver risk in Australia."

Drew Schnehage, Managing Director of Innovation Group Australia, added: "Thank you to the Australian Road Safety Foundation for the nomination and our win of the Technology Programs Award. We are proud to be the exclusive resellers of the award-winning Mentor by eDriving offering."

eDriving's Mentor app is a smartphone-based digital driver safety program that identifies driver risk using a validated FICO(R) Safe Driving Score, and remediates risky behaviour with training, coaching and gamification. Among other features, Mentor also incorporates an eco-driving indicator, plus Automatic Crash Detection and Personal SOS features powered by Sfara and Bosch, which trigger emergency response services to keep drivers safe 24 x 7.

As with all eDriving programs and tools, Mentor operates within a highly secure, privacy-first environment, in which only driver data required for risk management is shared with the manager. No location data or individual trip data is visible beyond the driver.

About Solera

Solera is a leading global provider of integrated vehicle lifecycle and fleet management software-as-a-service, data, and services. Through four lines of business — vehicle claims, vehicle repairs, vehicle solutions and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, eDriving/Mentor, Explore, CAP HPI, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a "one-stop shop" solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 300,000 global customers and partners in 100+ countries. For more information, visit www.solera.com.

About eDriving

eDriving, a Solera company, helps organisations around the world improve safety, reduce injuries, licence violations, carbon emissions, and total cost of fleet ownership through its patented digital driver risk management programs. These include the Mentor by eDriving(SM) smartphone app with FICO(R) Safe Driving Score; the patented, five-stage Crash-Free Culture(R) risk reduction program; and the Virtual Risk Manager(R) platform, all designed to work in an integrated fashion within a privacy-first, data-secure environment that supports drivers and their managers every step of the way. eDriving is the digital driver risk management partner of choice for many of the world's largest organisations, supporting over 1,200,000 drivers in 125 countries. Over the past 25 years, eDriving's research-validated programs have been recognised with over 120 awards around the world. For more information, visit www.edriving.com.

Press contact, eDriving:
Sheila Leverone press@edriving.com

About Innovation Group

Innovation Group delivers transformational expertise to the world's leading insurers, brokers, fleet managers and automotive manufacturers, helping them to open new growth frontiers with revolutionary solutions. With over 20 years' experience, our clients trust us to transform their claim management processes, manage critical vehicle and propertyincidents, and generate more revenue through value-added services. Visit https://www.innovation.group/

Mentor Product Sheet https://pr.report/DYPpSGUC

SOURCE: eDriving

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