Yan Zhi: Promote the Entrepreneurial Spirit in Global Expansion

SINGAPORE, Sep 11, 2020 – (ACN Newswire) – China's top executives from state-owned and private enterprises recently gathered for a press conference organised by China's State Council Information Office (SCIO) in Beijing to talk about entrepreneurship and the role of innovation in the development of enterprises. The event saw participation from among China's top business leaders including Ning Gaoning, Chairman of Sinochem; Liu Yonghao, Chairman of New Hope Group; Zhou Yuxian, Chairman of China National Building Materials Group; and Yan Zhi, Chairman of ZALL Group ("ZALL").

Yan Zhi, Chairman of ZALL Holdings Ltd (Photo credit: The State Council Information Office of China)

Yan Zhi, Chairman of ZALL shared, "I feel that it is very important, especially during this unprecedented crisis, such as the Covid-19 pandemic, to promote the entrepreneurial spirit which is a mindset that embraces the love for his or her hometown; social responsibility; positive attitude; and innovation. ZALL has managed to grow our footprint across the world underpinned by our values as we ride the wave of globalisation and innovation, and I envisaged this trend to continue."

As one of the first companies in China to operate traditional wholesale markets, logistics, and ports, ZALL has developed Asia's largest B2B offline-to-online trading ecosystem in China and Southeast Asia. Combining online platforms, offline marketplaces and supply chain networks, ZALL empowers customers, merchants and enterprises with access to more convenient, efficient and accurate services, from trading, logistics to property and finance.

"We are developing a new generation of global intelligent trading platform powered by the application of new advanced technologies, such as Artificial Intelligence, Blockchain, Big Data, and modern supply chain management that will become the driving force and catalyst for China's "dual-circulation" economy," added Mr Yan.

ZALL Smart Commerce Group., the global e-commerce entity under ZALL, recently reported that 2020 first half-year revenue grew by 3 per cent year-on-year to reach RMB 35.76 billion (USD 5.24 billion), and achieved net profit of RMB 281 million (USD 41.14 million), despite the impact of the Covid-19 pandemic. Revenues from supply chain management and trading business largely contributed to the Group's total turnover at around RMB 34.96 billion (USD 5.12 billion).

Commodities Intelligence Centre (CIC), Singapore's first physical commodity B2B e-trading platform powered by blockchain technology also saw revenues cross USD 1 billion in its 2020 first-half revenues, surpassing its entire 12 month revenues from 2019. As a joint venture between ZALL Smart Commerce Group Ltd., Singapore Exchange (SGX) and Global eTrade Services (GeTS), CIC offers a global intelligent trading platform to more than a dozen countries, helping companies to reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management; achieving greater trading synergies globally.

ZALL is also one of the nine bidders who made the shortlist for the Singapore wholesale digital banking license with only three licenses set to be awarded by end-2020. The digital bank foray will mark ZALL's fourth major project in Singapore since 2018, as it aims to bridge the funding gap and support the expansion of local SMEs and micro-SMEs into Asia.

With a strong commitment towards social responsibility, ZALL was the first company to activate and mobilise their global supply chain networks and resources to deliver emergency supplies within 48 hours of the lockdown to the Wuhan epicentre. The Group has provided 11 air cargo shipments of medical supplies, including masks, and personal protective gear to 556 hospitals and medical institutions in Hubei province in China, and has setup seven emergency hospitals and three fangcang sheltered hospitals to alleviate the severe hospital bed shortage at the epicentre.

Beyond supporting China's fight against Covid-19, ZALL has stepped up efforts to empower governments around the world in the fight against Covid-19, and has published two e-books that is translated into more than 20 different languages to share their knowledge and experience with fighting the pandemic in China and Wuhan. The Group also donated a total of RMB 185 million of medical supplies to 16 countries and regions around the world, including Singapore and affected countries, such as Japan, France, Czech Republic, Cambodia, Indonesia, Peru, Ecuador as well as Central And West African countries.

"As an entrepreneur, the basic spirit that one must have is to love one's country and hometown, and if one is not even able to love their hometown, we can't really expect them to love anything else," said Yan Zhi.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (ranked 166th of Fortune China 500 companies) with a global footprint across the world and is listed on three exchanges on HKSE, NYSE and SSE. ZALL Group develops and operates Asia's largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide.

ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China's Top 5 digital banks that has supported more than 5.5 million SME and individual customers. For more information, please visit http://en.zallcn.com/

For media queries
PRecious Communications for ZALL

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Dusit International charts expansion of ASAI Hotels to meet the challenges of the new normal, opens its first hotel under the new affordable lifestyle brand in Bangkok

BANGKOK, Sep 2, 2020 – (ACN Newswire) – Dusit International, one of Thailand's leading hotel and property development companies, will begin rolling out its new ASAI Hotels brand this September with the opening of ASAI Bangkok Chinatown in the heart of the city's renowned Chinatown district, followed by six more properties all operating under a thoughtfully lean hotel concept Dusit believes will be key to sustainable and profitable growth in the new normal.

ASAI Bangkok Chinatown

ASAI Bangkok Chinatown's thoughtfully designed rooms emphasise in-stay essentials such as superior quality beds, high-pressure rain showers, luggage space, and a work desk with USB charging station.

Self-check-in kiosks are available at the hotel's fourth-floor hub.

Designed to link millennial-minded travellers with authentic local experiences in the world's most vibrant neighbourhoods, ASAI Hotels is Dusit's sixth hotel brand and represents the company's expansion into the affordable lifestyle segment of the lodging spectrum. Its other brands – namely Dusit Thani, dusitD2, Dusit Princess, Dusit Devarana, and Elite Havens – cover upper-midscale through to luxury.

Drawing on Dusit's unique brand of Thai-inspired gracious hospitality, ASAI Hotels is positioned to offer lean-luxury by providing thoughtfully pared-back services while focusing on in-stay essentials. Large communal spaces featuring sustainable and locally inspired lifestyle and dining experiences will be central to its offerings.

Starting this September, the brand will initially serve domestic travellers seeking authentic experiences in Bangkok's historic Chinatown district and culturally rich Old Town. Another ASAI hotel will open within 12 months in Bangkok's stylish Sathorn district, followed by three ASAI Hotels in Cebu, the Philippines; one ASAI hotel in the old Yankin area of Yangon, Myanmar; and one ASAI hotel in Kyoto, Japan.

Dusit International believes the ASAI Hotels concept is well-positioned to meet the challenges of a post-COVID-19 world and deliver long-term value for hotel owners, investors and other key stakeholders.

"With its highly agile management structure, streamlined designs, and limited personnel, the ASAI Hotels business model is compact, sustainable and efficient, and ultimately serves as a cost-effective, fitting solution for continuing to grow our business and expand our presence in the new normal," said Ms Suphajee Suthumpun, Group CEO, Dusit International. "By expanding our offerings across the lodging spectrum, we are not only tapping into the fast-growing market of millennial-minded customers who desire local experiences, but we are also offering new stay experiences to our existing customers too.

Collaborations with local restaurateurs and artisans, and sustainable sourcing of produce, are just some of the elements we have in place to capture the attention of the market as a whole, and we believe this integrated community approach will be vital to success in our industry following the deep social and economic impact of COVID-19."

Opening on 15 September, ASAI Bangkok Chinatown features 224 thoughtfully compact rooms (ranging from 18 – 26 sq m). Each room's contemporary and clean design emphasises in-stay essentials, such as superior quality beds, high-pressure rain showers, luggage space, and a work desk with USB charging station. A large communal area, meanwhile, includes large and comfortable work areas, a small gym, a bar highlighting craft beers and creative cocktails, a large courtyard with organic herb garden, and Jam Jam restaurant serving a creative twist on local and international favourites.

Located adjacent to Yaowarat Road, only 100 metres from Wat Mangkon MRT underground station, the hotel also puts guests in the heart of a vibrant neighbourhood renowned for its lively fresh markets, historic temples, traditional shophouses, hidden coffee shops and a vast array of streetside eateries. The Rattanakosin Island area, home to the Grand Palace and Wat Pho, is only two stations away on the MRT. The city's major commercial districts can also be easily reached via the underground network.

"Easily accessible and equipped to cater to the needs of all kinds of travellers, from solo and groups to business and leisure, ASAI Bangkok Chinatown is a great option for lodging in Bangkok's fascinating Old Town," said Mr Siradej Donavanik, Managing Director, ASAI Holdings Company Limited, which operates ASAI Hotels. "We have all the elements in place to appeal to the tastes of modern travellers who appreciate sustainability and who want to experience the true essence of a destination. From our minimalist, locally inspired design with considerate technological touches, to our unique locally-inspired lifestyle and dining experiences, our hotel is set to become a hub of the community, offering highly comfortable, affordable stays for our curious and dynamic guests, and serving as an attractive and happening venue in which to work, rest, eat and play for Bangkokians at large."

Mr Donavanik is confident that there are many people throughout Thailand who would like to come and experience Bangkok's Old Town while discovering a new spin on Dusit's renowned high standards of service and hospitality.

"As the only international hotel chain in the area, we have a strong advantage, and we look forward to leveraging it to bring value to all of our stakeholders – guests, customers, employees, and owners alike."

In line with ASAI Hotel's overall concept, Live Local, each hotel in the ASAI portfolio will be geared to reflect its local character in terms of design, style and restaurant offering. This approach will be further evident when ASAI Hotels opens its second hotel, in Bangkok's Sathorn district, which will fully embrace the modernity of its inner-city setting to offer a complementary-yet-distinctive stay experience that differentiates it from the Chinatown property.

About Dusit International

Established in 1948, Dusit International is a leading hospitality group listed on the Stock Exchange of Thailand. Building on its two core areas of business – Hotels & Resorts and Hospitality Education – the company has expanded its operations over the past four years to comprise five business units. The additional units include Foods, Property Development, and Hospitality-Related Services. Today, the company's property portfolio comprises more than 300 distinctive hotels, resorts and luxury villas operating under six brands across 14 countries worldwide, as well as two leading hospitality colleges with campuses in Thailand and the Philippines. Following a three-pronged strategy for sustainable growth, including balance, expansion and diversification, the company has recently expanded into food production, on-demand hospitality services, and property development to reach new markets and add further recurring streams of revenue to the company. For more information, please visit www.dusit-international.com

Official photos of Dusit Hotels & Resorts can be downloaded at medialib.dusit.com

Media Contact:
Sureerat Sudpairak | Director of Marketing Communications | Dusit International
Tel: +66 (0) 2200 9999 ext. 3321 | Mobile +66 (0) 89 006 8697 | Email: sureerat.sp@dusit.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Singapore’s Elite Partners Acquires Warehouse in Poland for over EUR30 Million (S$48.6 Million) from Subsidiary of Sovereign Fund GIC

SINGAPORE, Aug 31, 2020 – (ACN Newswire) – Elite Partners Capital ("Elite Partners" or "Elite") announced today it has acquired a warehouse in Mszczonow, Poland for more than EUR30 million (S$48.6 million) from a subsidiary of Singapore's sovereign wealth fund GIC. The transaction spearheads its build-up of a portfolio of specialised logistics assets in Europe to address opportunities arising from COVID-19-related disruptions.

The 58,500 sqm (629,700 sqft) facility is the largest warehouse in PepsiCo Poland's distribution network

Elite, a Singapore-based private equity firm, said its Elite Logistics Fund (the "Fund") acquired the warehouse from GIC's wholly owned P3 Logistics Parks. Headquartered in the Czech Republic, the latter also owns a second logistics hub in the Polish town of Piotrkow.

The 58,500 sqm (629,700 square feet) facility is the largest warehouse in PepsiCo Poland's distribution network, and consolidates the global F&B leader's logistics and warehouse processes, which were previously run out of several different locations across the Central European nation.

The transaction increases Elite's presence in the Mszczonow Park to six buildings, with a total area of over 230,000 sqm (2,476,000 square feet). It follows the acquisition of five buildings in March 2020, which was one of the largest transactions in Poland's logistics sector this year.

Situated south-west of Warsaw, the Mszczonow warehouse is well served by expressways and motorways connecting the Polish capital to Berlin. It is also strategically located just an hour's drive from the Lodz terminal – the main terminal for the Chengdu-Lodz railway, linking Europe to China.

The latest acquisition is the Fund's third since May 2020 and has proceeded despite the market and economic disruption caused by the COVID-19 pandemic. The Fund is building a portfolio of European assets focusing on specialised warehousing (in particular, for e-commerce fulfilment and food logistics distribution), cold chain logistics as well as logistics infrastructure. Launched in January 2020, the Pan-European fund is targeting such specialised assets in Poland and the United Kingdom – where it already owns eight other properties – amongst other countries in Europe.

Elite Partners believes that recent supply chain disruptions – first due to Brexit, followed by the COVID-19 pandemic since the beginning of 2020 – have opened up new challenges and opportunities for specialised logistics in Europe.

Mr Victor Song, CEO and Managing Director of Elite Partners, said "We are elated by the completion of this acquisition. The dedicated warehouse in Mszczonow is a vital part of our strategy to build up a Pan-European portfolio of specialised logistics assets in Poland and the United Kingdom with specific geographical focus in the key European logistics hubs.

"The COVID-19 pandemic has accelerated the need to establish dedicated warehouses for sorting and distribution to meet the surge in e-commerce and cold chain to store and distribute food and perishables at a time when more people are working from home. In turn, these require support from specialised logistics infrastructure. Our Fund will cater to all three aspects," added Mr Enoch Tan, Portfolio Director of the Fund.

Mr Tan noted that Poland has cost advantages for e-commerce fulfilment, exceptional land, sea and air connectivity and is an important component of China's Belt and Road Initiative.

"Poland also serves as a bridge for commerce and investments between Europe and Asia. We intend to leverage on Elite Partners' expertise in private and public capital markets to unlock value and opportunities in specialised logistics," said Mr Desmond Wang, Executive Director of JMD Holdings, a co-investor in the Fund and a unitholder of Singapore Exchange (SGX")-listed Elite Commercial REIT.

Incorporated in 2017, Elite Partners has launched four funds to date. It is also the Sponsor of Elite Commercial REIT, the first sterling-denominated Singapore REIT listed on the SGX.

Media Contact
Elite Partners Capital
Emily Goh, emilygoh@elitepartnerscapital.com, tel: +65 6779 9288

WeR1 Consultants Pte Ltd
Isaac Tang, elite@wer1.net, tel: +65 6737 4844

About Elite Partners Capital
Incorporated in 2017, Singapore-based Elite Partners Capital is an alternative asset management company focused on the management of yield-accretive global assets with high growth potential and well-defined exit strategies. Backed by a team with proven expertise in private equity and real estate investment trusts (REITs), its threefold investment philosophy aims to protect initial capital, preserve investment value and create new growth opportunities.

Elite Partners Capital holds a Capital Market Services (CMS) licence from the Monetary Authority of Singapore (MAS) under the Securities and Futures (Licensing and Conduct of Business) Regulations. For more information, please visit: http://elitepartnerscapital.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rimba Raya launches Seruyan River Cleanup Movement 2020

Seruyan, C Kalimantan, INDONESIA, Aug 29, 2020 – (ACN Newswire) – In celebration of World River Day on September 27, Rimba Raya Conservation (Rimba Raya) has partnered with the Seruyan Regency Environmental Agency to launch the Seruyan River Cleanup Movement 2020 #satusampahseribubencana (one waste, one thousand disasters).

Rimba Raya Technical Director Moch. As'ari addressing the opening ceremony at Seruyan River Cleanup Movement 2020

Head of Environmental Agency Priyo Widagdo hitting the gong to mark the opening of Seruyan River Cleanup Movement 2020

The movement was launched with an opening ceremony in the pendopo (official house) of the Seruyan Regent, with the theme "Waste-Free River, Healthy Community, Beautiful Village".

"We believe that this movement will make the people of Seruyan feel more responsible toward their own environment and appreciate the local and the planet's health," said Moch. As'ari, Technical Director of Rimba Raya.

"Our target is to collect 8 tons of waste from 11 villages and two sub-districts all along the Seruyan River," said Sylviana Andhella, Executive Director of Rimba Raya.

During the Seruyan River Cleanup Movement, Rimba Raya will hold several activities. This will include writing and drawing competitions for primary to senior high school students to inspire and encourage the younger generation to be more aware of their environment and the need to protect it.

Rimba Raya will collaborate with Balai TN Tanjung Putting National Park and Orangutan Foundation International (OFI) in these activities, which will be conducted until the final event, on the 17th of September.

At the opening ceremony, the Head of the Seruyan Regency Environmental Agency said, "With this series of activities, we hope to create awareness, and an ongoing motivation to care for the environment and keep the rivers clean. With our continued efforts, we hope that the Seruyan river will become a destination for tourists which will certainly have a positive impact on the economic growth of this region."

Rimba Raya Biodiversity Reserve is a project that focuses on Ecosystem Restoration. It aims to restore and preserve the tropical peat swamp forest which is essential habitat for orangutans and is managed under the principles of ecology, economic and social management.

Rimba Raya acts as a vital buffer zone for TN Tanjung Putting National Park. The project implements initiatives that positively impact 14 villages across two sub-districts (Seruyan Hilir and Danau Sembuluh) in the Seruyan Regency, Central Kalimantan.

Rimba Raya initiatives are developed by InfiniteEARTH with a focus on assisting local communities to improve their economic status and embrace the positive impacts of being a REDD+ project.

"We need to engage and empower local people to actively contribute to preserving the peat swamp forest. If we work together, we can protect mother earth and keep her from harm," said Djonni Andhella, President Director of Rimba Raya.

Rimba Raya empowers local community members to play a role in protecting and conserving the peat forest with a long-term philosophy, "Local Community. Forest. Climate". The project aims to work towards consistently achieving the UN's SDGs, both within the project area and the bordering villages.

In addition to the Seruyan River Cleanup movement, Rimba Raya, in cooperation with the Seruyan Regency Public Health Office, has launched the Floating Clinic Initiative aiming to provide health services to communities along the Seruyan River. These services include general public health, prenatal care, pediatric care for children, as well as improved nutritional advice and supplies.

To build awareness, we have also introduced a 'Peatland Education Program' for primary school students, conducted in cooperation with the Peatland Restoration Agency.

All the proposed activities are conducted in accordance with COVID-19 health protocols which include social distancing, the wearing of protective masks and no mass crowding.

Frita Junita
Communication Officer, Rimba Raya Conservation
Email: rimbarayajakarta@gmail.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Greenland Hong Kong records 24% year-on-year growth in core profit and is getting on track of high-quality growth

HONG KONG, Aug 28, 2020 – (ACN Newswire) – On the morning of 28 August 2020, Greenland Hong Kong Holdings Limited (stock code: 337.HK) held an online interim results conference in Shanghai, which was attended by Mr, Chen Jun (Executive President of Greenland Group and the Chairman of the Board and Chief Executive Officer of Greenland Hong Kong), Mr. Gu Minqi (Vice President), Mr. Chen Zengli (Assistant President) and Mr. Lei Yu (Secretary to the Board).

In the face of the sudden outbreak of COVID-19 in the first half of the year, Greenland Hong Kong actively responded to the state's requirements for coordinated promotion of epidemic prevention and control and economic development, and took the initiative to implement precise and targeted policies. With the concerted efforts of all staff of Greenland Hong Kong, the Company managed to maintain a good growth momentum despite the adversity in the first half of the year. In particular, it recorded steady increase in major indicators of core profits, continued to optimize the layout of key projects and achieved great progress in industry collaboration, laying a solid foundation for completion of the annual goals and tasks.

Key performance steadily enhanced and debt structure continued to improve

During the first half of the year, the Company continued to record fast growth. In particular, its core net profit amounted to RMB646 million, representing a year-on-year increase of 24%; revenue amounted to RMB6,400 million, representing a year-on-year increase of 10%; gross profit amounted to RMB2,091 million, representing a year-on-year increase of 33%. Net profit attributable to the Company amounted to RMB650 million, and total assets reached RMB108,575 million, exceeding RMB100 billion for the first time. Despite the pressure from the pandemic, the Company maintained stable profitability with favourable momentum.

While continuously enhancing its profitability, the Company kept on optimizing the debt structure. Its net interest-bearing debt ratio was only 38%, maintaining at a relatively low level as compared with the industry peers. The existing interest-bearing debt balance was RMB16,750 million, of which 67% were long-term debts and 33% were short-term debts, and the weighted average interest rate decreased to 5.5%. At the same time, the Company continued to strengthen its cash flow control and collected 92% of its sales receivables in the first half of the year, thereby providing the Company with sufficient cash flows. Up to now, the Company's cash on hand was RMB10,333 million, which was sufficient to cover short-term interest-bearing liabilities. The Company's capital chain security has been continuously consolidated, and its anti-risk capability has also been further improved, providing strong support for the further development of the Company.

Focusing on in-depth development in key areas to strengthen sustainable growth drivers

In the first half of the year, Greenland Hong Kong focused on major projects and deepened inter-sector synergy in the Yangtze River Delta, Greater Bay Area, Beibu Gulf, Yunnan and other key areas, and a number of key projects with potential have been implemented successively. As of the date of the results announcement, the Company secured 13 new land parcels and achieved newly constructed gross floor area of 2.53 million sq.m. with a total worth of approximately RMB42.1 billion, an ownership ratio of 84% and an average floor price of RMB6,012 per sq.m. These projects are concentrated in core cities with dense population flows, rapid economic development and extremely competitive advantages, where the real estate market has gained strong support. Among these new projects, the projects to be delivered in the second half of this year is worth approximately RMB14,330 million, providing sufficient support to achieving the annual goal.

Up to now, Greenland Hong Kong has a total land reserve of approximately 22 million square meters in 26 cities across the country with a total of 70 projects. Over 70% of the total land reserve is located in the first- and second-tier cities and provincial capital cities, which has formed a balanced and deep layout in the core areas of the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area, the gateway areas of the Belt and Road and the Hainan Free Trade Zone and can fully support the Company's development needs in the next 2 to 3 years.

Facilitating high-quality development through quality improvement and refined management

Greenland Hong Kong is committed to meeting people's increasing needs for a better life by enhancing the value of its products and facilitating product upgrade through continuous refinement and improvement. By adhering to the concept of housing upgrade, Greenland Hong Kong combined arts and technology to upgrade the 8+X product series, and launched various popular IP products such as Greenland Loch Mansion in Taihu, Greenland Yejin Mansion in Yangzhou, Greenland Yushan World in Jiangyin and Greenland Ocean Masterland in Nantong, which attracted great market interest and attention. In addition, in the first half of 2020, Greenland Hong Kong was granted 16 domestic and overseas design awards for its projects. The Company also adhere to refined management. It established a data platform with focus on Greenland Hong Kong to implement information-based, systematic and visualized management of specific measures to reduce cost and enhance efficiency, thereby enabling refined management and control of the whole operation cycle and effectively reducing cost and enhancing efficiency. In the first half of 2020, the Company recorded gross profit margin of 33%, keeping it at a relatively high level among industry peers for many years in a row. Since its establishment seven years ago, Greenland Hong Kong's gross profit margin grew from 27% to 33%, which reflected continuous and rapid improvement in the operation ability and profitability of the Company.

Supporting the main business with industry collaboration and fully upgrading the "Real Estate +" strategy

While continuing to develop and expand its main business of real estate, Greenland Hong Kong strived to build a real estate+ ecological chain, focusing on the coordinated development of comprehensive health, cultural tourism, cultural and educational sectors. The systems of comprehensive health industry have been continuously enriched and improved, and the "H1 health city" sector has gradually been carried out with seven companies related to the health industry introduced. Provectus Care Mansion upgraded the care standards to set a benchmark for high-end care. The large-scale cultural tourism projects of sports and health landed in Jinning, Kunming, creating a new benchmark for health and cultural tourism in Kunming. The high-end educational resources such as Shanghai Jiao Tong University's Institute of Cultural and Creative Industry opened in the Greenland International Education Park to promote new models of industrial practice and talent training. Nanning 289 Shanghai Tiandi Commercial Plaza strived to create the most modern and high-quality urban living venue and build a very representative symbol of culture, business and tourism in Nanning, and was recognized as a national AAA grade tourist attraction. These successful commercial operations further enhanced the value of assets and created new growth drivers for the development of the Company.

Adopting self-driven innovative mechanism to stimulate the endogenous power of the Company

In the first half of 2020, Greenland Hong Kong carried out a series of mechanism innovation with focus on "project co-investment system". Through the incentive mechanism that adopts the "one share one vote" structure and advocates equal rights and responsibilities, the Company aligned the interests of its shareholders, management members and frontline project teams, which greatly motivated the management members and frontline staff and improved their creativity and cohesiveness, thereby facilitating the development of the Company with their concerted efforts. In addition, as a state-backed real estate enterprise, the Company will actively explore the in-depth implementation of mixed ownership reform, continue to promote system and mechanism innovation, and establish a more market-oriented and professional operation system.

Moreover, Greenland Hong Kong made full use of its advantages in information technology and employed emerging technologies such as big data, artificial intelligence and cloud-based services to create a data driven digital management platform covering the entire life cycle of business, which enables online and real-time business management, thereby facilitating the strategic transformation from information technology (IT) management model to digital technology (DT) management model and further enhancing the management efficiency. Through innovation in governance mechanisms, we will continue to stimulate our endogenous development momentum.

Fulfilling corporate responsibilities to actively participate in public welfare and poverty alleviation

While focusing on its development, Greenland Hong Kong has also spared no effort to devote itself to charity and public welfare undertakings, actively fulfilling its corporate social responsibility and mission. Immediately upon the epidemic outbreak in the first half of the year, 2,846 employees of the Company spontaneously donated nearly RMB800,000 in one day, and it also purchased epidemic prevention materials worldwide to support front-line work. We supported the Greater Bay Area in the fighting with the epidemic, assisting farmers and industrial poverty alleviation, and we stood with our country and the people to get through such bad times. We launched the Red Jacket Village Children's Charity Program to pass on the charity of property owners, customers, employees and their families to left-behind children in poor and mountainous areas. Greenland Hong Kong has fulfilled its corporate mission of "mission-driven, considerate and humane" with practical actions.

Mr. CHEN Jun, the Executive President of Greenland Holdings and the Chairman of the Board and Chief Executive Officer of Greenland Hong Kong, said at the press conference that "in the first half of the year, the COVID-19 epidemic has brought an unprecedented impact to China's social and economic development, which put the real estate enterprises to the test with respect to their abilities in operation, profit making, risk resistance and long-term development. By taking targeted and proactive measures and putting great efforts in precise business planning, refined management, financial position improvement and system innovation, Greenland Hong Kong achieved stable growth in operating results, which reflected the powerful strength and great resilience of the Company. In the second half of the year, as the market gradually picks up, our previous layout and efforts will gradually pay off, and we are confident that we can keep the target set at the beginning of the year unchanged. We will focus on resources, regions and key projects to strive for steady growth in core performance. We will continue to optimize the debt structure, improve the cash flow position and enhance our ability to resist risks. We will persistently strengthen inter-sector synergy, deepen the overall upgrade of the comprehensive health, cultural tourism, cultural and educational industries, continue to provide consumers with better life scenarios and better lifestyles, as well as continuously promote the high-quality and healthy development of the Company."

About Greenland Hong Kong Holdings Limited
Greenland Hong Kong Holdings Limited (337.HK) is a subsidiary of Greenland Holdings, one of the top 500 companies in the world. Ever since its establishment 27 years ago, Greenland Holdings has created a diversified development pattern of "focusing on the development of real estate market and placing equal stress on Big Infrastructure, Big Finance, Big Consumption, medical and healthcare and scientific innovation" with a global presence. By adhering to the development strategies of capitalization, popularization and internationalization, Greenland Holdings has secured its market presence in more than 100 cities of domestic and overseas countries such as China, the United States, Britain, Germany, Australia, Canada, South Korea, Thailand and Malaysia. Leveraging Greenland Holdings' mature brand image, rich resources, large scale and system, advanced management and passionate corporate culture, Greenland Hong Kong will comprehensively consolidate the existing assets and fully utilize the advantages of the capital platform in Hong Kong to establish itself as a benchmark in the Hong Kong capital market for mainland China real estate players.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pactera and Eutech Form Partnership

SINGAPORE, Aug 25, 2020 – (ACN Newswire) – Pactera, a leading IT solution company with 25 years of history and nearly 30,000 employees, and Eutech today jointly announced a partnership to bring smart building and workplace design solutions to clients in the Asia Pacific and Oceania region.

Collaboration between Pactera OctoIoT and Eutech IVIVA

The partnership brings together the proven Pactera OctoIoT platform and unique data management technique with Eutech IVIVA, a workplace cloud that provides a broad range of applications and technologies for the implementation of solutions for the Digital Workplace, Smart Buildings and Smart Precincts.

"We are very pleased to enter the strategic Asia Pacific and Oceania partnership with Eutech, which provides a variety of digital transformation solutions for the global real estate and building market," stated JinSong Li, Executive Vice President, General Manager of APAC Business Group, Pactera. "Pactera has a broad regional presence and in-depth localized capabilities for IT and consulting. Leveraged by Eutech's industry-leading digital solutions, we firmly believe that our new partnership with Eutech will support clients' digital transformations and bring new value to the marketplace."

Under this partnership, together Pactera and Eutech will help clients utilize the solutions that deliver step-change improvements in productivity, cost, and efficiency over the entire building life cycle. The partnership brings extensive Pactera's experience in IoT implementation, IT consulting, and digital transformation, combined with the Eutech IVIVA platform enabling smart, interactive environments that delight tenants and visitors.

"Organisations are increasingly looking to connect their physical and digital workspaces to enable a more resilient and productive workplace," said Dr. Hari Gunasingham, Founder and CEO, Eutech. "Eutech's mission is to enable this by redefining the way people, places, and things interact. Our partnership with Pactera is a key initiative in this mission. We are looking to co-innovate and co-create disruptive workplace solutions that bring together Pactera's leading-edge technologies and capabilities in IoT and AI, and Eutech's IVIVA Workplace Cloud."

About Pactera

Pactera is a Global Technology company with 29,000 employees worldwide committed to delivering Digital-themed consulting, UX interaction, IT implementation and Operations services to customers. Pactera creates business value for Fortune 2000 companies by accelerating business innovation, enabling new growth, improving operational efficiency and transforming the user experience.

Website: https://apac.pactera.com
CONTACT: info_apac@pactera.com

About Eutech

Eutech is a global software company specializing in the design, development and implementation of next-generation solutions and services for the global construction and real estate industries. Eutech's product portfolio includes IVIVA, a Workplace Cloud that brings together a broad range of applications and technologies for the implementation of solutions for the Digital Workplace, Smart Buildings and Smart Precincts. Eutech is headquartered in Singapore, with operations across Asia, Australia, the Middle East, and Europe. The company has implemented over 300 million square feet of projects.

Website: https://www.iviva.com
CONTACT: info@ecyber.com

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Collaboration between Pactera OctoIoT and Eutech IVIVA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62124

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PROSPECT REIT debuts on SET with optimism

BANGKOK, Aug 20, 2020 – (ACN Newswire) – The Prospect Logistics and Industrial Leasehold Real Estate Investment Trust (PROSPECT) made a debut on the Stock Exchange of Thailand (SET) today (Aug 20) amid optimism for it being well accepted by investors. PROSPECT invested in the Bangkok Free Trade Zone (BFTZ) which offers outstanding rental rates and strategically located in the industrial and logistics zone that is attracting the movement of production bases from other countries to the ASEAN region. The expected strong response from the investors is primarily driven by the PROSPECT's attractive 1st year yield of 11.1% or 1.112 baht per unit in the first year of operation.

Vorasit Pokachaiyapat, Chairman of Prospect Development Co., Ltd, which is the developer and operator of BFTZ, said the company is confident in the potential of PROSPECT's portfolio in terms of financial performance, the economic recovery and relocation of industries from other countries to Southeast Asia should benefit BFTZ, is strategically located on Bangna-Trad Road km.23, near strategic ports, airports and well connected to major roads with transportation linkages between Bangkok and other provinces in all regions.

Aon-Anong Chaithong, Co-Chief Executive Officer of Prospect Management Co.,Ltd, said PROSPECT was listed on the Stock Exchange of Thailand (SET) on August 20, 2020, we expect that in the future the investors will respond as well as the initial offering. "PROSPECT invests in BFTZ, a quality income-producing real estate of Prospect Development Co., Ltd. which is a subsidiary of M.K. Real Estate Development Plc. and Finansa Plc.," she pointed out.

PROSPECT invested in the sub-leasehold right of parts of land and buildings in the BFTZ which consisting of 63 buildings (183 units), approximately 219,116 Sq.m. of leasable area and approximately 214-1-88.8 Rai of land area from the date of lease registration until 22 December 2039.

BFTZ is an industrial zone for manufacturing & warehousing, strategically located on Bangna-Trad Road km.23, near strategic ports, airports and well connected to major roads with transportation linkages between Bangkok and other provinces in all regions. PROSPECT will invest in the sub-leasehold right of parts of land and buildings which include warehouses and factories in the BFTZ from the date of lease registration until 22 December 2039. And Prospect Development Co., Ltd., who has long experience in developing and managing the BFTZ since 2010 will be appointed as the Property Manager of PROSPECT.

For the year 2017, 2018, 2019 and Q1/2020 the occupancy rate was 89.1%, 96.4% 93.1% and 93.6% (including the Built-to-Suit's contract started on May 1, 2020). PROSPECT initial investment asset has well diversified tenants profile in terms of industry and nationality. The expected yield of 11.1% or 1.112 baht per unit in the first year of operation is based on pro forma income statement for projection period from October 1, 2020 to September 30, 2021.

Paiboon Nalinthrangkurn, Chief Executive Officer and Director of TISCO Securities Co.,Ltd. which acts as the financial advisor and underwriter for PROSPECT, noted that REITs has increasingly become a popular investment due to the constant dividend payment policy and the opportunity to receive return on the REITs unit price. "So we believe that PROSPECT will be one of the REITs which attract a keen interest from investors mainly for its quality asset and the high occupancy rate," he concluded.

This press release is issued by MT Multimedia Co Ltd on behalf of Prospect Development Co Ltd.

For more information, please contact:
Ornanong Phattharawetkul (Fah)
Tel: +66 2 612 2081 ext. 129 or +66 86 884 4458
E-mail: ornanong.p@mtmultimedia.com

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Hatten Land Secures New Strategic Investor for Harbour City Project in Melaka in a US$323 Million Transaction

SINGAPORE, Aug 12, 2020 – (ACN Newswire) – Hatten Land Limited ("Hatten Land" or the "Company" and together with its subsidiaries, the "Group"), the leading developer in the Malaysian city of Melaka, is pleased to announce that the Company has signed an agreement with Tayrona Capital Pte Ltd ("Tayrona Capital") relating to the Harbour City project ("Harbour City"), which is held under Gold Mart Sdn. Bhd. ("Gold Mart"), in a US$323 million transaction.

Incorporating elements of retail, hospitality and entertainment within an integrated mixed development, Harbour City aims to transform Melaka's tourism and entertainment landscape. The marine-themed mixed development comprises the thematic Harbour City Mall, Melaka's largest 'Sky' water theme park of 500,000 square feet as well as luxury hotel.

As a UNESCO World Heritage Site, Melaka is Malaysia's second-most visited destination after Kuala Lumpur, and having been rated among Lonely Planet's Top 10 must-visit destinations in the world.

Tayrona Capital is part of the Tayrona group of companies headquartered in Singapore. Tayrona group is in the business of hospitality and investment and Tayrona Capital is interested to acquire and complete Harbour City as an addition to its Sagana Hotels & Resorts network of 32 hotels/resorts worldwide, and Ultra Luxury Integrated Destinations Collection which currently has operations and developments in 22 countries.

Under the agreement, Tayrona Capital will invest US$23 million in Gold Mart via the issuance of new shares, allowing Tayrona Capital to obtain a 99% equity stake in Gold Mart. In addition, Tayrona Capital will inject US$240 million to improve and to complete the development and marketing of Harbour City.

As the concept originator and project developer of Harbour City, Hatten Land will assign various intellectual property such as project design and concept, domain names, internet site and marketing materials ("Intellectual Property") to Tayrona Capital for a consideration of US$60 million.

As at 31 March 2020, Hatten Land had net assets and net current assets of RM370 million and RM307 million respectively. In addition, the Group has approximately RM1.3 billion of unsold completed properties.

The Company will be convening an Extraordinary General Meeting to seek shareholders' approval for the proposed transaction.

Dato' Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: "The transaction is a testament to our ability in creating innovative property concepts, developing quality property assets and unlocking value.

We are thrilled that the Tayrona Capital recognises the potential of Harbour City and shared our optimism for the long-term prospects in Melaka. With Tayrona Capital's international track record and expertise in hotel development and hospitality management, there are strong potential and synergies for both companies to collaborate together in other projects in Melaka moving ahead.

The proceeds from the transaction will strengthen the Group's balance sheet and provide us with greater financial flexibility to pursue new growth initiatives."

Mr James Ordonez. CEO of Tayrona Capital, added: "Harbour City's avant-garde design and innovative concept is a strategic fit to our portfolio of global hospitality assets.

We look forward to work closely with Hatten Land to create new tourism and economic opportunities in Melaka from this project."

Issued on behalf of Hatten Land Limited by 8PR Asia Pte Ltd.
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252 Email: alex.tan@8prasia.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ECXX Secures RMO Sandbox Approval from MAS; to Launch Asset-based Digital Securities Exchange

SINGAPORE, Aug 4, 2020 – (ACN Newswire) – ECXX Global Pte. Ltd. (ECXX), a pioneer in operating a digital asset exchange using blockchain technology, is pleased to announce that it has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express* under the Recognised Market Operator (RMO) regime.

With the approval, ECXX targets launch of the blockchain-based digital securities exchange platform ecxx.co, which offers various asset-based digital securities such as real estate, private equity, venture capital and investment funds to institutional and accredited non-individual investors.

The tokenisation of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a real tradable asset (such as real estate) – in many ways similar to the traditional process of securitisation.

These digital securities could represent a share in the ownership of a real estate, a share in the ownership of a company or participation in an investment fund. These digital securities can then be traded on a secondary market.

With its own in-house proprietary system, ECXX has been operating a digital asset exchange that allows both professional traders and retail investors to buy, sell and store digital assets. Its digital exchange platform is integrated with MyInfo, the one-stop Singapore government identity platform. This integration allows seamless Know-Your-Customer checks on members of MyInfo who can log-in to ECXX's digital asset exchange using their SingPass.

ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.

Led by an experienced management team well versed in digital assets and blockchain ecosystem, ECXX has been backed by prominent venture capital firms CapitalX, Epsilon Investment, Ariki Asia and ChainUp.

In June 2020, Hatten Land announced a proposed investment of US$6 million for a 20% equity stake in ECXX.

Commenting on this milestone, Mr Branson Lee, Chief Executive Officer of ECXX, said: "There are a multitude of applications of blockchain technology within the financial industry, and the tokenisation of assets has the potential to fundamentally change how we invest in assets.

"With S$3.4 trillion of assets under management in Singapore, we aim to utilise the Recognised Market Sandbox admission to develop our securities exchange platform and create asset-based securitised tokens that can be regulated and traded, paving the way for mainstream adoption."

Issued on behalf of ECXX Global Pte. Ltd. by 8PR Asia Pte Ltd.

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


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

DL Holdings (1709.HK) intends to acquire ONE Carmel luxury residential project in California to accelerate its diversification

HONG KONG, Jun 12, 2020 – (ACN Newswire) – On June 11th, 2020, DL Holdings (1709.HK) announced a MOU for a significant transaction involving a capital of approximately $40 million HK dollars. According to the announcement, DL Holdings Group Ltd. will invest $5 million US dollars in Carmel Reserve LLC for a 28.5% stake in the company. Carmel Reserve LLC owns 891 acres of land in Carmel Valley which is located at San Francisco Bay Area in California, US. This project, ONE Carmel, planes to develop a premier community with 73 ultra-high-end residential lots. After acquiring securities business and establishing fund investment business, DL Holdings further added real estate development and global fund portfolios to expand its total asset and business lines.

U.S. real estate has always been an important part of global asset allocation, especially in San Francisco Bay Area and Silicon Valley. These places have been the favoured region in recent years. Due to the impact of the COVID-19, property prices in some areas have witnessed declines. However, both the volume and value of transactions of High-end houses and prime land lots have increased as more people chose to work from home. Particularly, in Bay Area and Silicon Valley, the new tech billionaires and wealthy families are actively purchasing land and even moving their corporate headquarters to more suitable areas for future working and living environment.

The core business of DL Holdings is the Multi-family office services for ultra-high-net-worth family clients and it has been in stable operation for nearly 10 years. The growing demand for real estate investments from Asian clients have prompted the firm to look around the World for high quality properties. This investment transaction will accelerate the expansion of DL Holdings, serve more family office clients, and contribute to the development and sales of the ONE Carmel project. DL Holdings is expected to benefit from the long-term asset appreciation and penetrate into a broader set of real estate investment opportunities globally. Headquartered in Hong Kong, DL Holdings has also established offices in San Francisco, Singapore, and Shanghai, to serve the global investment needs of family offices and family businesses.

For more details, please refer to WeChat official account: ONE Carmel

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