Hong Kong’s Middle East mission lays groundwork for new business opportunities ACN Newswire

Hong Kong’s Middle East mission lays groundwork for new business opportunities

February 10, 2023
HONG KONG, Feb 10, 2023 - (ACN Newswire via SEAPRWire.com) - Since the recent reopening of the Hong Kong-mainland border, the Hong Kong Trade Development Council (HKTDC) embarked on a week-long business mission to the Middle East, led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR).The Hong Kong business delegation signed 13 MoUs during this trip. In this photo, HKTDC and Abu Dhabi Chamber of Commerce and Industry signed an MoUs at the Abu Dhabi-Hong Kong Business Forum on 7 February.The Hong Kong delegation engaged with senior representatives of government, local Chambers of Commerce and key corporations via business meetings and seminars. In this photo, they are on a company visit to SABIC, the leading petrochemicals manufacturer in the Middle East.Led by Mr John Lee, HKSAR Chief Executive, the delegation visited various companies in Saudi Arabia and the UAE to learn about the latest developments. Here, the group visit THE LINE Experience exhibition (NEOM) showcasing innovative urban designs of the futuristic city NEOM.Mr Lee was accompanied by principal officials Mr Horace Cheung, Deputy Secretary of Justice; Mr Christopher Hui, Secretary for Financial Services and Treasury; and Mr Algernon Yau, Secretary for Commerce and Economic Development.The signing of 13 Memoranda of Understanding (MoU) during the mission signals new collaboration opportunities between Hong Kong and Middle East companies and organisations in business, finance, innovation and technology, sustainability and transport.Over 30 business leaders from finance, logistics, technology and professional services joined the mission to Riyadh, Abu Dhabi and Dubai.By showcasing Hong Kong's strengths through business and official exchanges and proactive publicity, the mission deepened economic and trade relations and enhanced cultural exchange between Hong Kong and Saudi Arabia and the United Arab Emirates (UAE), helping Hong Kong attract investment and talent. It also solidified Hong Kong's role as the global gateway to Mainland China and a leading business and investment hub in Asia.The Hong Kong delegation met with senior representatives of government, local Chambers of Commerce, including the Saudi Chinese Business Council, Abu Dhabi Chamber of Commerce & Industry, Invest in Sharjah and Dubai Chambers, the last of which also announced the establishment of a Hong Kong office yesterday.HKTDC Chairman Dr Peter K N Lam said, "The Middle East has an important role to play in driving the global economy and has important strategic significance in supporting the development of the Belt and Road. As Hong Kong reopens to the world, we have lost no time in organising this Hong Kong business delegation to the Middle East, led by the Chief Executive and three principal officials. Apart from presenting Hong Kong's latest incentives and policies to attract investment and talent, we also introduced new opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and encouraged UAE and Saudi companies to take advantage of Hong Kong's investment and business platforms."Dr Lam added, "From our meetings and visits, we saw that Saudi Arabia and the UAE welcome deeper and broader ties with Hong Kong to support their strategic development. I am delighted that many MoUs have been signed across many sectors. These will lay a solid foundation for future long-term cooperation. With our 50 offices around the world, the HKTDC will continue to help businesses open doors and to promote Hong Kong as a global business hub."Apart from over 30 international trade fairs and conferences in Hong Kong, the HKTDC organises large-scale overseas mega promotions, such as Think Business, Think Hong Kong, which will be held in Thailand in July to promote the Hong Kong brand together with the Hong Kong family of organisations.The MoUs signed during this mission include:1. Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group Holding Company2. SenseTime and King Abdullah Financial District (KAFD) (Letter of Intent)3. Hong Kong General Chamber of Commerce (HKGCC) and Riyadh Chamber4. Templewater Ltd, Bravo Transport Services Ltd and Wisdom Motors (Hong Kong) Ltd and Nesma Holding Ltd5. SenseTime and Sela Company (Letter of Intent)6. Hutchison and King Salman Energy Park (SPARK)7. HKTDC and Dubai Chamber8. Ho & Partners Architects, Negawatt, Masdar City, and The Catalyst9. HKSTP and Sharjah Research Technology & Innovation Park10. Hong Kong Cyberport and Dubai Future Foundation11. HKTDC and Invest in Sharjah12. HKTDC and Abu Dhabi Chamber of Commerce & Industry13. Federation of Hong Kong Industries (FHKI) and Abu Dhabi Chamber of Commerce & IndustryPhoto Download: https://bit.ly/3DY0O2iAbout HKTDCThe 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 LinkedInMedia enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Mitsubishi Heavy Industries Achieves YoY Increases in Order Intake, Revenue, Business Profit, and Net Income in Third Quarter JCN Newswire

Mitsubishi Heavy Industries Achieves YoY Increases in Order Intake, Revenue, Business Profit, and Net Income in Third Quarter

February 7, 2023
TOKYO, Feb 7, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 19.0% year-over-year to YEN2,966.1 billion in the third quarter ended December 31, 2022. Revenue rose 11.1% to YEN2,938.0 billion year-over-year, resulting in business profit of YEN105.2 billion, a 30.3% increase from the previous fiscal year, which represents a profit margin of 3.6%. Net income was YEN66.4 billion, an increase of 32.8% year-over-year, with a profit margin of 2.3%. EBITDA was YEN208.6 billion, a 16.4% increase from FY2021, with a profit margin of 7.1%, up 0.3 percentage points year-over-year.Other highlights included orders and revenue growth in Nuclear Power, Aero Engines, HVAC, and Commercial Aviation. YoY improvements in profitability were mainly seen in Energy Systems and Aircraft, Defense & Space resulting from revenue growth in Nuclear Power and Aero Engines as well as foreign exchange effects combined with fixed cost reductions in Commercial Aviation.　FY2022 Guidance:MHI revised its guidance for the period ending March 31, 2023, with company-wide totals unchanged from the most recent revision made on November 1, 2022, while updating business profit in Energy Systems and Aircraft, Defense & Space.CFO Message:"MHI have had a stable first three quarters this fiscal year," Hisato Kozawa, CFO of MHI commented. "We saw increases in orders and revenue in three out of four reporting segments arising from business expansion and benefits from the depreciation of the yen. Performance was especially strong in GTCC, Nuclear Power, Logistics Systems, and HVAC." Kozawa continued, "That said, we still have our work cut out for ourselves in the fourth quarter as we work to offset profitability issues caused by a variety of factors such as global inflation using all of the tools available to us. Our goal for this fiscal year is to set the stage for a successful FY2023, during which we aim to achieve the targets laid out in our 2021 Medium-Term Business Plan."About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world?s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.For more information, visit www.mhi.com/news/23020701.html. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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HG Semiconductor Announces Key Management Appointments ACN Newswire

HG Semiconductor Announces Key Management Appointments

February 7, 2023
HONG KONG, Feb 7, 2023 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908. HK) today announced the appointments of Dr. XU Zhihong ("Dr. Xu") as Vice Chairman and Executive Director; Dr. CAO Yu ("Dr. Cao") as Chief Executive Officer and Executive Director; and Dr. CHEN Zhen ("Dr. Chen") as Executive Director, with effect from 6 February 2023. The appointments are expected to further strengthen the Group's third-generation semiconductor business. Dr. Xu, previously the managing director of CMB Wing Lung Bank Limited and general manager of the Financial Markets Department of Industrial and Commercial Bank of China, has extensive experience in corporate financial planning. He has received the honour of Special Government Allowances of the State Council as a National Expert, and also served as a committee member of the Financial Products Committee of the People's Bank of China and a council member of the China Urban Financial Society. Dr. Xu held senior management position of China Dive Company Limited (stock code: 300526.SZ) and DTXS Silk Road Investment Holdings Company Limited (stock code: 0620.HK). Dr. Cao has joined HG Semiconductor since 2021, and is the Vice President of Engineering of Xuzhou GSR Semiconductor Co., Ltd. ("Xuzhou GSR") and FastPower Inc. ("FastPower") which are respectively the indirect subsidiary and wholly-owned subsidiary of the Group. Dr. Cao is a core expert in the compound semiconductor business with over 20 years of proven semiconductor research, development and production experience in epitaxial growth, characterisation, device design and processing of electronic and optoelectronic devices based on GaN, InN, AlN, GaAs, InP, and related ternary and quaternary alloys. Dr. Cao has authored/co-authored 4 book/book chapters, 12 filed patents, and over 170 journal and conference papers. As a Senior Member of the Institute of Electrical and Electronics Engineers ("IEEE"), he has also served as a committee member for IEEE EDS Compound Semiconductor Devices & Circuits Committee (2019-present) and IEEE Senior Member Application Review Panel (2021-present), as well as Electrochemical Society ("ECS") Member at large, Electronics and Photonics Division: EPD executive committee member (2021-present). Dr. Cao was a technical committee member and session chair for Device Research Conference (2016-2018), International Workshop on Nitride Semiconductors (2018), Lester Eastman Conference (2018, 2020, 2021), IEEE Electron Devices Technology and Manufacturing (2021, 2022), ECS Meetings (2019-2021). He received IEEE George E. Smith Award in 2016 and is an invited reviewer for 15 prestigious research journals.Dr. Chen, joined the Group in 2021 and is a core expert in the GaN semiconductor business and the general manager of Xuzhou GSR. He is also a director of FastPower, with over 20 years of experience in research, development, production and management in the field of GaN-based optoelectronics devices. He has mastered the core technologies of GaN electronic devices and fullband solid-state light-emitting devices as well as proprietary technology of 8-inch silicon-based GaN epitaxial growth. He had been a Research Fellow with Singapore-MIT Alliance, a Postdoctoral Fellow with the University of South Carolina, and an Associate Project Scientist with University of California at Santa Barbara, where he had also worked with Nobel Prize winner Professor Shuji Nakamura and Professor Umesh Mishra, a member of the American Academy of Engineering, in relation to the performance of GaN high electron mobility transistor developed by the University of California, and researched GaN based ultraviolet to visible LED design, growth and characterization, applications in high-power, high frequency electronics. Dr. Chen also held a core management and technical position in Nanchang Lattice Power Corporation where he was involved in the production of silicon-based GaN whereby the company won the first prize of China's National Science and Technology Innovation Award in 2015.Dr. Chen has been the vice president of a well-known semiconductor company in the United States, where he is engaged in the research, development and production of GaN-based external devices. He has authored or coauthored 3 book chapters, over 50 peer reviewed papers and 20 conference proceedings. He has applied for more than 30 domestic and foreign patents and more than 10 patents have been granted. Dr. Chen is also a senior member of the IEEE Photonics Society, and a senior member of the IEEE Electronic Devices Association. His current research interests include III-nitride-based electronic devices and optical devices with wavelength from red to deep ultraviolet. Pursuant to the service agreements between the Group and Dr. Xu, Dr. Cao and Dr. Chen respectively, Dr. Xu, Dr. Cao and Dr. Chen have been appointed as Executive Directors of the Group for an initial term of three years commencing from 6 February 2023, renewable automatically for successive terms of one year each commencing from the next day after the expiry of the then term of employment, subject to retirement by rotation and re-election at annual general meetings in accordance with the articles of association of the Group and the Listing Rules.The management of HG Semiconductor welcome Dr. Xu, Dr. Cao and Dr. Chen for joining the Board. Leveraging the extensive experiences and expertise of the three leaders, the Group believes this will facilitate the development of its third-generation semiconductor GaN business and accelerate the achievement of its goal to become an integrated device manufacturing ("IDM") enterprise, further leading the Group to the path of success. Meanwhile, at the second group study session held by the Political Bureau of the Communist Party of China (CPC) Central Committee, President Xi Jinping stressed that it is imperative to accelerate self-reliance in science and technology so as to relieve the shackles imposed by some countries whom have tightened on China's development of core technologies. To echo with the national policy, the Hong Kong Innovation & Technology (I&T) Development Blueprint promulgated by the Hong Kong Government clearly pointed out that the government will strengthen the support for strategic industries, including new energy vehicles and semiconductor chips. Thus, the management of the Group believes that growing opportunities will be presented under the national and local governments' support. Following the appointment of the industry experts, it is expected that the Group will embark on a new phase of high-growth. The Group will continue its efforts to pursue its business expansion, with an ultimate goal of achieving long-term sustainable growth and brining the best returns to its shareholders.About HG Semiconductor LimitedHG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads and a new generation of semiconductor gallium nitride ("GaN"). The Group is committed to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.For more details, please visit www.hg-semiconductor.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC: Hong Kong ready for business; Delegation arrives in Riyadh ACN Newswire

HKTDC: Hong Kong ready for business; Delegation arrives in Riyadh

February 6, 2023
Riyadh, Saudi Arabia, Feb 6, 2023 - (ACN Newswire via SEAPRWire.com) - A delegation of business leaders from the Hong Kong Special Administrative Region (HKSAR), led by the city's Chief Executive Mr John Lee and principal government officials, has arrived in Riyadh to explore collaboration opportunities with the business community of Saudi Arabia.Dr Sunny Chai, Chairman, Federation of Hong Kong Industries and Chairman, Hong Kong Science & Technology Parks Corporation; Mrs Betty Yuen, Chairman, HKGCC; Mr Darryl Chan, Deputy Chief Executive, Hong Kong Monetary Authority; Dr Peter K N Lam, Chairman, HKTDC; Mr John Lee, HKSAR Chief Executive; Mr Horace Cheung, Deputy Secretary of Justice; Mr Christopher Hui, Secretary for Financial Services and Treasury; Mr Algernon Yau, Secretary for Commerce and Economic Development [L-R]Several Memoranda of Understanding (MoU) were signed at the Investment Forum yesterday. These include Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group Holding Company.The delegation paid a visit to THE LINE Experience exhibition to learn about the innovative urban designs of the futuristic city NEOM.Over the past two days, the delegation discussed with Saudi government and industry leaders how Hong Kong can facilitate the Kingdom's strategic development via its role as a global financial hub and China's international gateway.Riyadh is the first of three stops on this week-long mission to the Middle East, organised by the Hong Kong Trade Development Council.The 30-strong delegation includes senior executives from Hong Kong's financial institutions and regulator as well as major players in innovation and technology (I&T), sustainability and smart city solutions.At a press conference followed by an investment forum and dinner officiated by the Saudi Minister of Investment H.E. Khalid Al-Falih and attended by some 300 Saudi Arabian guests yesterday, Chief Executive Mr John Lee, said, "Saudi Arabia is a strong economy of the Gulf region and a growing source of foreign direct investment. Driven by Vision 2030, the dynamic blueprint for the future, Saudi Arabia is destined to take its place as an economic powerhouse built on diversity, sustainability, and innovation and technology. Hong Kong has long been the Asia-Pacific region's multi-level bridge for foreign and Mainland Chinese businesses and investors. As our integration with the Mainland continues to deepen, so, too, do the opportunities for Hong Kong - and the economies and companies that work with Hong Kong."Mr Lee was joined by three officials: Deputy Secretary of Justice Mr Horace Cheung, Secretary for Financial Services and Treasury Mr Christopher Hui and Secretary for Commerce and Economic Development Mr Algernon Yau.At the investment forum, H.E. Khalid A Alfalih said: "This visit comes on the heels of numerous historic visits between our two countries starting with the visit of President Xi in 2016 following which the ties between the two countries deepened. Through this collaboration we aim at further developing various sectors whether it be asset management, private equity, wealth management - or in fintech, which saw an exponential growth of 79 per cent between 2021 and 2022."He added:" Saudi Arabia has the largest regulated capital markets in the region, with the largest stock exchange in the MENA region. Due to evolving trends we are also making efforts to strengthen global supply chains and have launched a dedicated global supply chain resilience initiative. This will be a great opportunity for China and Hong Kong-based companies to use the KSA as a platform for adding value to products customised for the Middle East region and beyond."HKTD Chairman Dr Peter K N Lam said, "Saudi Arabia has an important role to play in the global economy, similar to China. And as a global financial hub, China's international gateway and a commercial hub for the Belt and Road Initiative, Hong Kong can facilitate opportunities to help drive development initiatives around the world. We are pleased to organise a delegation of Hong Kong business leaders to come and discuss collaboration opportunities - not only in our traditional sectors of finance and trade, but also in new areas in tech and innovation, smart city and sustainability solutions. Creating opportunities has been the work of the Hong Kong Trade Development Council for over 55 years, and I am hopeful that we can continue to help Hong Kong businesses play a part in the exciting growth of Saudi Arabia and the regional overall."Other business leaders from Hong Kong and Saudi Arabia also exchanged views at the investment forum yesterday.Additionally, at the press conference, Mr Darryl Chan, Chief Executive of the Hong Kong Monetary Authority, the city's financial regulator, as well as Dr Sunny Chai, Chairman of the Hong Kong Science and Technology Parks Corporation and Federation of Hong Kong Industries, and Mrs Betty Yuen, Chairman of the Hong Kong General Chamber of Commerce, represented various sectors in Hong Kong, including finance, technology and smart city and sustainability development as well as business and professional services.The delegation has met with key enterprises in Riyadh to exchange ideas and learn more about Saudi Arabia's Vision 2030. They visited major institutions, such as the Saudi Stock Exchange and the NEOM exhibition.As a two-way platform between China and the world and as one of the world's top financial centres, Hong Kong has been supporting businesses and investors worldwide to tap into the vast China and Asia market and has been playing a major role in the global financial system with its unique connectivity to China's market.As part of China, but operating under an international system, Hong Kong provides special access to and from the mainland in the flow of capital, goods, technology and people, as defined in the country's national 14th Five-Year plan.Hong Kong is also a commercial hub for the Belt and Road Initiative, a global development plan initiated by China, and part of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) - an area in Southern China earmarked by the Chinese government to become a powerhouse of capital, I&T and cultural exchange driving the country's development.With its common law system, low tax regime, advanced infrastructure and connectivity and as a its world-renowned global trade and business hub, Hong Kong is well-placed to support businesses from all over the world to invest and grow.Recently, the HKSAR Chief Executive announced in his Policy Address 2022 a wide array of incentives and measures to attract international strategic enterprises and investments to Hong Kong, particularly in areas such as life sciences, health technology, artificial intelligence and data science, financial technology, advanced manufacturing and new energy technology.Several Memoranda of Understanding (MoU) were signed at the Investment Forum yesterday. These include:- Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group Holding Company- SenseTime and King Abdullah Financial District (KAFD) (Letter of Intent)- Hong Kong General Chamber of Commerce (HKGCC) and Riyadh Chamber- Templewater Ltd, Bravo Transport Services Ltd and Wisdom Motors (Hong Kong) Ltd and Nesma Holding Ltd- SenseTime and Sela Company (Letter of Intent)- Hutchison and King Salman Energy Park (SPARK)This evening, the delegation will travel to Abu Dhabi and then onwards to Dubai, to meet with senior government and business leaders of the United Arab Emirates.Find out more about Hong Kong:- Hong Kong: general facts https://tinyurl.com/Asias-world-city- Hong Kong as a global financial centre https://tinyurl.com/Financial-Centre- Hong Kong's tech and innovation https://tinyurl.com/Tech-Innovation- Hong Kong as the commercial hub for the Belt and Road Initiative https://tinyurl.com/Belt-and-Road- Hong Kong as part of the Guangdong-Hong Kong-Macao Greater Bay Area https://tinyurl.com/Greater-Bay-Area- Photo Download: https://bit.ly/3JIN4vXAbout HKTDCThe 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 LinkedInMedia enquiriesOrient Planet Group:Hassane Ghanem, Tel: +966 598606946, Email: hassane.ghanem@orientplanet.comHKTDC:Niveen Faris, Tel: +966 11 4169713, Email: niveen.faris@hktdc.orgSunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hylobiz Launches its Business in Indonesia in Partnership with Accurate and Brankas, Empowers M/SMEs with Improved Cashflow and Steady Growth ACN Newswire

Hylobiz Launches its Business in Indonesia in Partnership with Accurate and Brankas, Empowers M/SMEs with Improved Cashflow and Steady Growth

February 3, 2023
JAKARTA, Feb 3, 2023 - (ACN Newswire via SEAPRWire.com) - The partnership of Hylobiz, a Vayana group company, with Accurate and Brankas would facilitate businesses in Indonesia with connected business software, especially accounting & POS (point of sales) and connected banking services supporting them with faster collections and strong cashflow for steady business growth. With this, M/SMEs in the Southeast Asia market will see a positive transition. Businesses will be able to digitize invoices and collections overcoming the crippling issues related to cashflow and business growth. With Accurate, Hylobiz shares a joint vision to enable Accurate's SME customers to achieve Cashflow and Compliance automation and thereby offer Credit (Embedded Trade Finance) through partner FIs, with Accurate ERP continuing as the customers' primary application interface. "We (Accurate) are very happy to be partnering with Hylobiz. As we enter the modern era, we believe that everything must be efficient, everything needs to be fast. Hopefully accurate as business software especially Accounting Software & POS can be a solution for SMEs customers with a takeline #Bisnisjadimudah on developing their own business," said Yosep Stephen as CEO Accurate.With Brankas, Hylobiz shares a joint vision to enable business growth for Indonesia's SMEs with cashflow automation by leveraging Open Banking technology. "Embedded finance is set to have a massive impact on business innovation in the coming years, and we believe the use cases today are only just the beginning. We are excited to see the increasing usage of Brankas APIs by organizations across a variety of industries in Indonesia, and share Hylobiz' vision to drive faster collections for its customers," said Husni Fuad, Country Manager Indonesia, BrankasDigitization of receivables, collections with payment links, automated payment reminders, automated reconciliations in real-time, and smart tracking of payments are some of the top and most needed features available with connected ERP and connected Banking capability established through the synergy of the trio. Vishal Gupta, CEO, of Hylobiz, said, "Hylobiz has been addressing the cash collections, payouts, and real-time reconciliation for the businesses across India, UAE and the USA helping 250K businesses for growth on their cashflows. With Accurate and Brankas we aim to serve b2b SMEs in Indonesia better through ZERO process change, for faster invoice collections and embedded finance for their business growth."About Brankas Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas' secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users. Headquartered in Singapore.Visit website: https://www.brankas.com/ About AccurateAccurate is a business software to help people manage, monitor, and present their business financial reports easily.Proven by 21 years of consistency and won top brand awards consecutively for 7 years, with outstanding features that will simplify business operational processes such as preparation management processes, recording and presenting more than 200 types of financial reports automatically, tax management and reporting, integration into various applications and other business support software and many more.Accurate has served hundreds of thousands of businesses in various industries in Indonesia as their trusted Accounting Software and POS, with easily administer, manage, and as an easy financial system known for its features completeness and operational flexibility. This has led to Accurate Is widespread acceptance by trading companies, distribution companies, contractors, and manufacturing companies. Headquartered in Tangerang Selatan, Banten .Visit website: https://accurate.id/ About Hylobiz, a Vayana group company Hylobiz is a Fintech serving to simplify the processes in the B2B ecosystem and is currently operational in India, UAE, and the US and is now launching in Indonesia. With its Connected ERP and Connected Banking capabilities, the unified solution simplifies invoice collections and cashflow in the B2B space and simplifies working capital access. Headquartered in Pune, Maharashtra in India. Visit Websites: https://hylobiz.id/, https://hylo.biz/Media contacts:Hylobiz, Perusahaan Vayana GroupAmit Parmar - (WhatsApp) +91 83901 08989Arkin Dumais - (WhatsApp) + 62 85882567970Email: amit@vayana.com, arkin@hylobiz.comBrankasBala Subramanian - +65 8157 3627(Whatsapp)Email: bala.subramanian@brankas.comAccurateCinthya W Putri - +62 81381706036 Evan Mangundap - +62 82112433117Email: cinthya.widayanti@accurate.id, evan@accurate.id Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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ACROMETA Group Appoints Veteran Investor Mr. Levin Lee as Executive Chairman ACN Newswire

ACROMETA Group Appoints Veteran Investor Mr. Levin Lee as Executive Chairman

February 1, 2023
SINGAPORE, Feb 1, 2023 - (ACN Newswire via SEAPRWire.com) - ACROMETA Group Limited [SGX: 1CH1] today announced that with effect from 30 January 2023, it has appointed Mr Levin Lee Keng Weng as Executive Chairman and Director of the Board. Mr Lee brings with him a wealth of experience in business and an enviable track record in investing.On the appointment of Levin as Executive Chairman, ACROMETA Chief Executive Officer and Executive Director Mr Lim Say Chin said, "Levin's experience, business network and financial resources will be beneficial to ACROMETA as we advance to capture growth opportunities in our controlled environments engineering business. He has an enviable track record in helping companies strategize to be future-ready and bring about optimization of their market valuation."Mr Levin Lee said, "SMEs in Singapore with good potential are often neglected by investors who do not understand their business. As a result, such small caps are often overlooked and thus hampered in their operations through a lack of financial resources and a good business strategy. My role is not only to help ACROMETA in its business strategy and financials, but also to let the investing public understand the company's business and potential. The controlled environments engineering business is truly a future-ready business as the R&D and production processes of many industries in the future economy such as biotechnology, semi-conductors and renewable energy take place in controlled environments."The appointment of Mr Lee as Executive Chairman is in accordance with corporate governance best practice that the post of Chief Executive Officer should be separate from that of Chairman of the Board.Note on ACROMETA's Controlled Environments Engineering Business ACROMEC Engineers Pte Ltd (ACROMEC) a wholly owned subsidiary of ACOMETA is one of the few companies in Singapore established in the field of Controlled Environments Engineering (CEE) where it designs and constructs facilities for companies that require a controlled physical environment for their production and processes. The ability to control physical variables such as temperature, air purity, humidity, and pressure in the product manufacturing space is a mission-critical requirement for new economy industries such as semiconductors, biotechnology and renewable energy. Examples of CCE include Semiconductor wafer fab production, biotechnology R&D laboratories, and animal-manure-to- energy pyrolysis chamber.About ACROMETA Group Limited (SGX Stock Code: 1CH1)ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments. The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.ACROMETA's business is divided into two main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; and (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies. The company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.Media and Analysts Contact:ACROMETA LimitedMr Jerry TanChief Financial OfficerTel: +65 6415 0574Email: jerry.tan@acromec.comWaterbrooks Consultants Pte LtdMr Wayne KooTel: +65 6958 8008 / +65 9338 8166Email: wayne.koo@waterbrooks.com.sgEmail: query@waterbrooks.com.sgThis media release has been reviewed by the Company's sponsor Evolve Capital Advisory Private Limited. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr Chua Hiang Hwee Jerry, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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NEC announces plans for transition to a Company with a Nominating Committee, etc. and implementation of organizational reforms JCN Newswire

NEC announces plans for transition to a Company with a Nominating Committee, etc. and implementation of organizational reforms

January 30, 2023
TOKYO, Jan 30, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC; TSE: 6701) today announced that a decision to transition its structure from a Company with the Audit and Supervisory Board to a Company with a Nominating Committee, etc. was made at the meeting of the Board of Directors held on January 30, 2023. This decision is subject to approval at the Ordinary General Meeting of Shareholders scheduled to be convened in June 2023. The Board of Directors also decided to begin implementing organizational reforms prior to this transition, effective April 1, 2023, with the aim of establishing a business structure based on the strategic pillars of the Mid-term Management Plan 2025. Under its Purpose-driven management, NEC is promoting initiatives that combine strategy and culture in order to achieve the Mid-term Management Plan 2025 as a milestone toward the realization of the NEC 2030VISION. In this globally intensifying competitive environment, through the reform of organizations, management, people and culture, which are the foundations that support NEC's culture, NEC aims to further strengthen corporate governance and boost management speed to accelerate the growth of its global business pillars, thereby helping to achieve the Mid-term Management Plan 2025 and to increase NEC's medium- to long-term corporate value as a global technology company.1. Transition to a Company with a Nominating Committee, etc.(1) Transition objectives and overviewNEC will separate the oversight function from execution by management in order to strengthen the oversight function of the Board of Directors. The Board of Directors is responsible for overseeing the execution of duties by executive officers as well as guiding the direction of management through deliberation of important matters related to NEC's basic management policy. In addition, the majority of the Board of Directors shall be comprised of independent outside directors (5 inside directors, 7 outside directors), and the Nominating Committee, Compensation Committee, and Audit Committee shall each be chaired by an independent outside director to promote the transparency and objectivity of management. By delegating substantial authority to executive officers with respect to business execution, NEC will accelerate timely decision-making and implementation. In line with this, in addition to strengthening the internal audit function and establishing the position of Chief Risk Officer (CRO), by reorganizing the executive meeting bodies centered on the Executive Committee, NEC will conduct swift business operations while overseeing the risks surrounding NEC.(2) Timing of transitionPlans are slated for NEC to make its transition to a Company with a Nominating Committee, etc. once the necessary amendments to the Articles of Incorporation, etc. have been approved at the 185th Ordinary General Meeting of Shareholders of NEC scheduled to be convened in June 2023.2. Organizational reforms(1) Clarifying the organizations driving growth business in the Mid-term Management Plan 2025NEC will establish an organizational structure that allows it to concentrate on the execution of strategies for growth businesses in the Mid-term Management Plan 2025, and accelerate the execution of these strategies. Specifically, the Digital Government/Digital Finance Business will become a newly established DGDF Business Unit. In addition, NEC will integrate the business for domestic and international telecommunications carriers, including the Global 5G Business, into the "Telecom Service Business Unit," which will be newly established from renaming the "Network Service Business Unit." Moreover, NEC will unify the organizations responsible for the Healthcare and Life Science-related Businesses, such as AI Drug discovery and solutions for medical institutions, and work to expand this business, which is positioned to become one of the next pillars of growth.(2) Unify product and service functions to accelerate DX businessThe Digital Platform Business Unit will be newly established to centralize the planning, development, and provision of products and services necessary for DX business development across the NEC Group. NEC will promote the standardization of common functions and assets from a global perspective, as well as expand and strengthen its end-to-end DX offerings by leveraging all of its strengths from strategic consulting to platform (NEC Digital Platform) and delivery. By providing these offerings in combination with its know-how for each industry, NEC will contribute to resolving management agenda-related issues for customers and expanding the DX business.(3) Strengthen the support of government digitalization and national security areasNEC will implement organizational reform from the market and business model perspective. Specifically, NEC will create a new Public Business Unit, which will be responsible for projects targeting central ministries and local governments, and build a system that can centrally support the digitalization of government in Japan. In addition, NEC will newly establish the Aerospace and National Security Business Unit, which will be placed in charge of the aerospace and defense business as an organization that supports the national security field.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Two Hitachi Group Companies to Merge to Expand Robotic SI Business in Japan and ASEAN Countries JCN Newswire

Two Hitachi Group Companies to Merge to Expand Robotic SI Business in Japan and ASEAN Countries

January 30, 2023
TOKYO, Jan 30, 2023 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has been accelerating the global development of its line building business leveraging industrial robots ("the robotic SI(1) business") and will merge Hitachi Automation, Ltd. ("Hitachi Automation") and Kyoto Robotics Corporation ("Kyoto Robotics"), Hitachi Group companies in Hitachi's Industrial Digital Business Unit, on April 1, 2023 to strengthen the robotic SI business in Japan and ASEAN countries.Hitachi Automation began operating within the Industrial Digital Business Unit in April 2022(2). Since then, it has been accelerating the fusion between digital solutions analyzing and optimizing data leveraging Lumada(3) handled by Hitachi and robotic SI which involves a massive amount of data from shop floor. Kyoto Robotics was founded in 2000 and acquired by Hitachi in April 2021.(4) Since its foundation, it has been developing and providing intelligent robotic vision systems that do not require teaching(5) and master data(6) that recognize objects with an accuracy of 99.99%(7) using three-dimensional vision like humans and that think and carry objects using AI control systems, aiming for full automation in the fields of manufacturing and logistics. Due to its high-level technological development capabilities, it has partnerships with a range of robot manufacturers.Following the merger, Hitachi will expand its ability to comprehensively propose solutions to customers to move forward with the automation and digital transformation of manufacturing and logistics through a combination of Hitachi Automation's front engineering capabilities in its robotic SI business in the fields of manufacturing and logistics, Kyoto Robotics' differentiating technologies in intelligent robotic vision systems, the Hitachi Industrial Digital Business Unit's digital solutions in the fields of OT*8 and IT, and the development capabilities of Hitachi's Research & Development Group. At the same time, Hitachi will unite its domestic robotic SI business resources, including the companies' customer bases, expertise and human capital, to enhance sales and development functions and to increase the business efficiency. Hitachi will also strengthen the collaboration with JR Automation, which operates its robotic SI business mainly in North America and Europe, and Hitachi Automation to expand its ability to provide full turnkey solutions. Taking advantage of its solution proposal capabilities combining digital technologies, Hitachi will contribute to solving customers' issues. In this way, Hitachi aims to become a global leader in the robotic SI business.Background Behind the Merger and the Strategy of the Robotic SI Business in the Hitachi's Connective Industries SectorIn recent years, in industry, particularly in the manufacturing and logistics, there has been rapidly growing demand for the automation at shop floor using robots reflecting a labor shortage due to the declining birthrate, the aging of the population and the decrease in the working-age population, in addition to the COVID-19 pandemic. Meanwhile, the boundaries between operations, organizations and companies have become obvious. To solve these issues seamlessly and create new value, digital transformation using advanced technology is being accelerated.Hitachi's Connective Industries Sector is focusing on the global development of TOTAL SEAMLESS SOLUTION*9 that solves issues existing in boundaries between operations and organizations by leveraging Lumada and Hitachi's combination of products, OT and IT. Against this backdrop, the need for automation through the use of robots at shop floor is increasing, and the field of robotic SI, which involves a huge amount of data, is playing an important role in connecting management to shop floor to achieve comprehensive optimization. In this environment, Hitachi has been strengthening its global business structure in this field for the last few years. Specifically, Hitachi acquired JR Automation in 2019(10) and Kyoto Robotics in 2021. Hitachi Industrial Equipment Systems Co., Ltd. ("Hitachi Industrial Equipment Systems") acquired KEC Corporation ("KEC") in 2019.(11) Subsequently, KEC and the robotic SI business of Hitachi Industrial Equipment Systems were reorganized and integrated, becoming Hitachi Automation in April 2022. Now, Hitachi has decided to merge Hitachi Automation with Kyoto Robotics to increase the competitiveness of the robotic SI business in Japan and ASEAN countries.Previously, Hitachi acquired U.S.-based Flexware Innovation, Inc.,(12) which is engaged in a system integration business in the fields of OT and IT in August 2022 to promote the provision of TOTAL SEAMLESS SOLUTION through the integration of robotic SI and digital technology in North America.(1) SI: Systems Integration(2) News release issued by Hitachi and Hitachi Industrial Equipment Systems on January 27, 2022: "Hitachi to Establish Hitachi Automation to Reinforce Robotic SI Business in Japan and ASEAN Countries"(3) Lumada: A collective term for solutions, services and technologies based on Hitachi's advanced digital technologies for creating value from customers' data accelerating digital innovation (4) News release issued by Hitachi on April 8, 2021: "Hitachi Acquires Kyoto Robotics, a Start-up Developing Intelligent Robotic Systems"(5) Teaching: Programming the robot so that it can perform the desired movement(6) Master data: Information such as the weight and size of the object to be registered in advance(7) In case of single depalletizing. Capacity measured using boxes selected by Kyoto Robotics in an environment specified by Kyoto Robotics(8) OT: Operational Technology(9) TOTAL SEAMLESS SOLUTION is a registered trademark of Hitachi, Ltd. in Japan and U.S.(10) News release issued by Hitachi on April 24, 2019: "Hitachi Agrees to Acquire JR Automation, a Robotic System Integrator in the U.S."(11) News release issued by Hitachi Industrial Equipment Systems on March 22, 2019: "Hitachi Industrial Equipment Systems Entered into Agreement to Acquire KEC, Robotic System Integrator"(12) News release issued by Hitachi on September 6, 2022: "Hitachi Acquires Key Industry 4.0 Systems Integrator--Flexware Innovation"About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Honda to Make Organizational Changes (Effective April 1, 2023) to Further Accelerate Electrification Business and Realize New Value Creation JCN Newswire

Honda to Make Organizational Changes (Effective April 1, 2023) to Further Accelerate Electrification Business and Realize New Value Creation

January 24, 2023
TOKYO, Jan 24, 2023 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. today announced that the company will make organizational and operational changes, effective April 1, 2023, as it continues working toward the fulfillment of its vision to serve people worldwide with the "joy of expanding their life's potential" in the areas of mobility and people's daily lives.With this year's changes, Honda will further solidify the direction of the organizational changes made last year with an eye toward the realization of carbon neutrality by 2050. Specifically, Honda will strive to further accelerate its electrification business and create new value by leveraging its broad and expanding range of mobility products and services.Key points of the organizational changes1) Creation of Electrification Business Development Operations2) Reorganization of Regional Operations3) Reorganization of Corporate FunctionsDetails of the organizational changes1) Creation of Electrification Business Development OperationsBased on the Business Development Operations established April last year to strengthen electrification business, the Electrification Business Development Operations will be newly created. This operation will consolidate the business strategy and BEV product development functions of automobile business and electrification-related strategy and development functions of motorcycle and power products businesses to further strengthen and accelerate Honda?s electrification business.2) Reorganization of Regional OperationsThe current six regional operations will be consolidated into three regional operations -- North America, China and Associated Regions.The new Regional Operations (Associated Regions) will combine four current regional operations, namely Japan, Asia & Oceania, South America and the Europe, Africa and the Middle East Region. With this change, Honda will execute electrification strategies and strengthen operations for each region based on its global strategy.3) Reorganization of Corporate FunctionsThe Corporate Strategy Operations and Corporate Administration Operations will be newly created. The Corporate Strategy Operations will further strengthen Honda?s initiatives in formulating, executing and communicating its corporate strategies toward new value creation, and the Corporate Administration Operations will pursue the total optimization of corporate resources, which is aligned with corporate strategy.By further accelerating the series of initiatives Honda has been taking to transform itself through electrification and new value creation, Honda strives to remain and become even more recognized as ?a company society wants to exist? in the electrified era. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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JCB launches integrated #BetterWithOmotenashi campaign to drive brand awareness across Europe JCN Newswire

JCB launches integrated #BetterWithOmotenashi campaign to drive brand awareness across Europe

January 19, 2023
TOKYO & LONDON, Jan 19, 2023 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today launched a new European-focused brand marketing campaign, dubbed #BetterWithOmotenashi. The eye-catching campaign visuals highlight the company's distinct proposition, Japanese heritage, and its focus on being a valuable service-led brand, dedicated to providing customer excellence. Developed in collaboration with the global B2B marketing and branding specialist agency, Transmission, the new campaign showcases unique themes and striking illustrations. These are tied to JCB's expertise and brand values, and mark the start of a refreshed and transformed brand identity for the payments giant across Europe.As a prestigious payments brand in Japan and across Asia, JCB is focusing its efforts on increasing international brand awareness amongst its key target audience, including acquirers and merchant partners across the European region. Launching across key regions, including the UK, Germany and France, the campaign emphasises the Japanese principle of omotenashi, JCB's business ethos of placing importance on the highest standards of hospitality, care, support and understanding. Through these principles, which are at the heart of JCB's approach to partnerships, the company hopes to build a refreshing and unique way of doing business in Europe.An initial brand audit and benchmarking process found that JCB Europe had strong brand equity in the following four areas:- Asian cardmember insights and specialism- Bringing a valuable customer base to acquirer and merchant partners- Collaborative customer-centric partnerships based on trust and reliability- A strong commitment and dedication to Japanese business principlesBuilding on these research insights, the #BetterWithOmotenashi campaign positions JCB as a global payments brand, with a valuable cardmember community, combined with the company's intrinsic business focus of its omotenashi principles.To bring the campaign to life and differentiate it from the photography-led campaigns of other payments brands, JCB and Transmission partnered with renowned British illustrator and artist, Brian Grimwood, to develop bespoke illustrations, invoking the brand's heritage and focus on service through care and understanding.Following a successful test phase in Q4 2022 across social media and programmatic advertising, JCB is now launching the full rollout of the campaign across online business, financial and payments industry media.Ray Shinzawa, Managing Director, JCB International (Europe) Ltd., said: "JCB offers a truly distinctive proposition for our partners across Europe to tap into Asian consumer spend and build their business, differentiating ourselves through a 60+ year track record of reliability and expertise, combined with our unique focus on Japanese principle of omotenashi. Through this campaign, we are showing our prospective audience how JCB delivers the highest standards of customer care, support and protection, providing seamless, trusted payment experiences to our partners and Cardmembers alike."Victoria Perea-Usher, Vice President, Marketing Communications, JCB International (Europe) Ltd., said: "We are increasing our marketing efforts across Europe, and have a razor-sharp mandate on building a more valuable brand for our business partners. This transformational commitment for a refreshed brand identity starts with #BetterWithOmotenashi. We want our audience to internalise JCB's core values and remind themselves that we will continue to build on our mission, one trusted partnership at a time. In fact, our new brand campaign was curated and created with, and for, our business partners across Europe."To find out more about #BetterWithOmotenashi, click here: https://www.thepaymentshub.net/better-with-omotenashi/ About JCBJCB is a major global payments brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB issues cards across various countries and regions internationally with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/MEDIA CONTACTS:JCB International (Europe) Ltd.Diana Lee: Dlee@jcbeurope.euJCB (Head Office in Japan)Ayaka Nakajima: jcb-pr@jcb.co.jp Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu showcases new solutions that drive business growth and sustainable outcomes for retailers at NRF 2023 JCN Newswire

Fujitsu showcases new solutions that drive business growth and sustainable outcomes for retailers at NRF 2023

January 13, 2023
NEW YORK, Jan 13, 2023 - (JCN Newswire via SEAPRWire.com) - Fujitsu will introduce its lineup of retail solutions for a changing world at NRF 2023 - one of the world's leading events for the retail industry. Fujitsu's showcase will emphasize solutions that deliver value in three key areas: Customer experience, Keeping your costs down, and Enabling sustainability goals.Retailers are looking for ways to manage change in an environment that is constantly evolving. Fujitsu's solutions, on-show at NRF 2023 (Booth #4803) from January 15th to January 17th, 2023, reveal a new approach for retailers who are eager to align solving business challenges with their organization's sustainability objectives.Millennials and Generation Z are expected to account for the majority of the working age population by 2030, becoming the majority of the world's consumers. These consumers are highly aware of the need to protect the environment, support ethical business practices and choose experiences that reflect their personal needs and values as well as brand, price, and convenience. To survive and prosper in this new world, organizations need to re-evaluate their consumer approach and re-engineer their enterprise processes and systems, delivering both business growth and sustainability outcomes.For Fujitsu, helping customers meet their SDG-related or sustainability business goals remains a guiding principle in its global offering development and execution.At NRF 2023 Fujitsu will be showing solutions which use technologies including AI, IoT, and blockchain to help shoppers test retailers' compliance with manufacturing and sourcing legislation, improve the time and effort expended in warehouse picking for home delivery, and help to monitor and reduce waste and energy consumption and also protect profit by preventing fraud across retail operations.Richard Clarke, Head of Global Sales, Consumer Industries at Fujitsu Limited, says: "At NRF 2023, Fujitsu's mission is to demonstrate how we enable our clients and end consumers to benefit from change using a combination of composable technologies and services, delivering great experiences and sustainable business outcomes. I encourage all attendees to stop by our booth to see and learn about what is changing at Fujitsu this year."About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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LiquidityFinder Brings Advanced Social Features to Leading Institutional OTC Liquidity Information Platform ACN Newswire

LiquidityFinder Brings Advanced Social Features to Leading Institutional OTC Liquidity Information Platform

January 12, 2023
LONDON, Jan 12, 2023 - (ACN Newswire via SEAPRWire.com) - LiquidityFinder is thrilled to announce the launch of their upgraded community-driven fintech platform to assist electronic trading businesses and institutional investors in discovering and connecting with well-matched business partners to drive OTC liquidity. As organizations and the range of financial instruments they offer change frequently, providers seeking to enhance their liquidity services are in need of new tools to stay ahead of the competition. New entrants to the institutional liquidity provision space are emerging every month. LiquidityFinder provides the tools to let the market know what their product range is, and makes them immediately discoverable. Consumers of liquidity products also need to be sharp about who provides what instruments at a fair price to enable their business to stay competitive. LiquidityFinder provides tools to simplify this discovery.The new social, partnership and research functionalities developed by LiquidityFinder aim to make it easy for Brokers, Asset Managers, and Proprietary and Professional Traders to keep up to date with the latest changes in the industry, leverage advanced research, and obtain access to the best possible commercial terms for their business. The free-to-use features include complete user profiles and posting, industry forums, and partner matching and messaging capabilities to directly communicate with Prime of Prime (PoP) brokers, ECN's and related businesses to optimize their trading. Users of the site can submit requests for information to brokers able to offer the services they require and for Retail Brokers, this means an ability to search and discover more competitive terms (spreads and commissions) than they currently receive from incumbent providers. Sam Low, Founder and CEO of LiquidityFinder stated, "I am incredibly excited to announce the launch of the new LiquidityFinder platform. We have created an environment where any person involved in trading or fintech is able to research and follow the best liquidity and fintech providers in the market, keep on top of the latest news and developments in the trading and fintech industry and share their views, questions and comments in our secure forums to create engaging conversations covering the industry."He continued, "Through our hands-on work with clients, we have been engaging with a broad range of traders and brokers to ensure that our new product meets their needs. Speaking to senior executives at retail brokerage firms I know that there is a lot of room for them to get more competitive business terms than those they are currently on. The businesses on LiquidityFinder are hungry for that business. The tools we have created help bring these two sides together."About LiqudityFinderLiquidityFinder is a community-driven fintech platform that assists electronic trading businesses in discovering and connecting with well-matched and sustainable business partners. Our mission is to help traders, brokers and institutions streamline their research and create frictionless partnerships that drive OTC liquidity more efficiently, accelerating their time to market. www.liquidityFinder.com @LiquidityFinder Media Contact:Sam LowLiquidityFinder+44 7734 467909Visit us on social media:Facebook: www.facebook.com/liquidityfinderTwitter: https://twitter.com/LiquidityFinderLinkedIn: www.linkedin.com/company/liquidity-finder Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Global business events leader Trescon ropes in Naveen Bharadwaj as its Group CEO ACN Newswire

Global business events leader Trescon ropes in Naveen Bharadwaj as its Group CEO

January 10, 2023
Dubai/Bengaluru, Jan 10, 2023 - (ACN Newswire via SEAPRWire.com) - Global business events organizer and consulting firm Trescon has appointed renowned industry professional Naveen Bharadwaj as its Group CEO to lead Trescon and its associated business entities such as World Blockchain Summit (WBS) - the world's longest running blockchain summit series; IIFF - India's premier international furniture and interior fair; and Demandify ? a B2B demand generation and media vertical assisting in scaling marketing campaigns and strategies for technology companies globally. Naveen will focus on growing Trescon?s current business events in the emerging tech space such as blockchain, fintech, metaverse, AI, data and cybersecurity into new markets while also conceptualizing and launching new business lines on priority."It is my pleasure to welcome Naveen to the Trescon family. His successful experience and extensive knowledge from the tech and events industries will help accelerate our growth in international markets like the Middle East, Africa, APAC, Europe and the Americas. We will also work together on launching new business lines as part of Trescon?s Vision2025 which will be championed by Naveen and me, with the support of our management team," said Mohammed Saleem, Founding Chairman of Trescon.A computer science engineer by qualification with a passion for marketing, sales, partnerships, events and public speaking, Naveen joins Trescon with over 15 years of experience in strategy, divisional leadership, strategic partnerships, new market development, and full-cycle event management. He held various challenging roles during his career that includes serving as Chief Growth Officer at Spire Solutions - a leading cybersecurity company in the Middle East and Africa region; and Director of Events & Partnerships for French business Naseba where his events were endorsed by several National Leaders.Speaking about his appointment, Naveen said, "I am excited and honoured to be given the opportunity to lead a highly talented team of 250+ from Trescon, WBS, Demandify and IIFF. Our collective goal is to ensure the success of our Vision2025 by helping colleagues unleash their potential, elevating our brand, penetrating new markets, and building alternate revenue streams that supplement our existing set up and address prevalent challenges in the various markets/sectors we operate in." Trescon's Vision2025 challenges the events industry?s status quo and focuses on growing both brand and business by building internal capacity to launch new businesses outside of the events space. It's conceptualized by Chairman Mohammed Saleem and Group CEO Naveen Bharadwaj, and spearheaded by a special task force of Vice Chairman Mithun Shetty, Managing Director Swarnavo Roy, COO Anil Kumar, Group CMO Madhukar Dudda, Group CSO Sanjiv Singh, CPO Vijay Walter, and CMO Sharath Ravi.About TresconTrescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base. With a deep understanding of the realities and requirements of the growth markets we operate in - we strive to deliver innovative and high-quality business platforms for our clients. For further details about the announcement, please contact:Nupur AswaniHead ? Media, PR and Corporate Communications, Trescon+91 95559 15156 | media@tresconglobal.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Director-General of Investment Promotion visits Indonesia and Singapore to promote Hong Kong’s business opportunities ACN Newswire

Director-General of Investment Promotion visits Indonesia and Singapore to promote Hong Kong’s business opportunities

January 9, 2023
HONG KONG, Jan 9, 2023 - (ACN Newswire via SEAPRWire.com) - The Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong's business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).Mr Stephen PhillipsDuring the visit, Mr Phillips will be meeting with representatives of companies from financial services and family offices, innovation and technology, transport, infrastructure and advanced manufacturing, creative industries, and business and professional services sectors to discuss their plans of setting up or expanding operations in Hong Kong and other parts of the GBA.Mr Phillips will also host a business roundtable cum luncheon for member companies of the Employers' Association of Indonesia in Jakarta to provide an update on business opportunities and talent initiatives in Hong Kong. In Singapore, he will conduct two roundtables jointly organised with the Good City Foundation and the Association of Small & Medium Enterprises respectively, to share with them the latest initiatives and opportunities of the family offices sector in Hong Kong. Mr Phillips said, "Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely." He added, "Hong Kong offers Indonesian and Singaporean companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA." Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hong Kong Investment Promotion Chief visits Indonesia and Singapore to promote Hong Kong’s business opportunities ACN Newswire

Hong Kong Investment Promotion Chief visits Indonesia and Singapore to promote Hong Kong’s business opportunities

January 9, 2023
HONG KONG, Jan 9, 2023 - (ACN Newswire via SEAPRWire.com) - The Director-General of Investment Promotion at Invest Hong Kong (InvestHK) of the Government of the Hong Kong Special Administrative Region of the People's Republic of China, Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong's business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).Mr Stephen PhillipsDuring the visit, Mr Phillips will be meeting with representatives of companies from financial services and family offices, innovation and technology, transport, infrastructure and advanced manufacturing, creative industries, and business and professional services sectors to discuss their plans of setting up or expanding operations in Hong Kong and other parts of the GBA.Mr Phillips will also host a business roundtable cum luncheon for member companies of the Employers' Association of Indonesia in Jakarta to provide an update on business opportunities and talent initiatives in Hong Kong. In Singapore, he will conduct two roundtables jointly organised with the Good City Foundation and the Association of Small & Medium Enterprises respectively, to share with them the latest initiatives and opportunities of the family offices sector in Hong Kong.Mr Phillips said, "Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely."He added, "Hong Kong offers Indonesian and Singaporean companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA." Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Mitsubishi Corporation and ENEOS launch a Joint Venture for Last One Mile Delivery Business based at Gas Stations JCN Newswire

Mitsubishi Corporation and ENEOS launch a Joint Venture for Last One Mile Delivery Business based at Gas Stations

January 5, 2023
TOKYO, Jan 5, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation and ENEOS Corporation are pleased to announce our agreement to establish a joint-venture company (JV) aimed at optimizing delivery operations by leveraging gas stations (service stations/SS).The business shall take advantage of ENEOS's SS network, which spans more than 12,000 locations across Japan, to improve overland shipping throughout the country. With each SS functioning as both a last-mile distribution point and temporary storage facility, this new business promises to shorten the final legs of transport, which is from the final delivery point to the final destination. The analysis results(1) has already shown that using SS as distribution points can reduce the overall mileage of overland deliveries compared to direct delivery from large warehouses, which should also reduce the burden on drivers and delivery costs.Furthermore, the fact that SS tend to be already optimized to accommodate smooth inbound and outbound traffic makes them ideal logistics hubs. Using ENEOS's existing SS network should also help to minimize any additional costs associated with setting up the delivery points.In the delivery industry, the growth of online shopping has increased home deliveries, which has led to greater demand for more efficient last-mile services. Meeting that demand will require more final distribution point and flexible logistics frameworks. MC and ENEOS have been conducting trials that use some of ENEOS's SS as distribution points. We have now agreed to establish a JV with the aim of clarifying the business entities and accelerating the verification of commercialization, and we will conduct demonstration as a JV with shippers (including EC companies, delivery companies) and delivery partners at SS, with the aim of launching the business. A large-scale demonstration project is now in the works to assess the business's feasibility and scheduled to begin in fiscal year 2023, it shall concentrate on 100 SS located in Tokyo and its surrounding three prefectures, where high demand for home delivery is expected. The plan is to grow the business to cover between 500 and 1,000 SS by fiscal year 2025 and commence work in fiscal year 2026 to expand operations nationwide. Our joint venture also plans to develop a delivery solutions app, which shall leverage data and expertise gleaned through the trials in connection with delivery-management systems used by shippers to promote smooth last-mile operations. We are confident that successful rollout of this app should help to further ease the burden and raise efficiency throughout the industry. MC has made digital transformations (DX) a key objective in Midterm Corporate Strategy 2024. During that time, MC aims to enhance its cross-industry DX functions and parlay real-world DX projects into greater business value. By effectively combining analog and digital operations, MC hopes to develop a wide range of societal solutions, thereby growing industry at large and paving the way to more richly and regionally flavored future communities. One of the ENEOS Group's envisioned goals stated in its Long-Term Vision to 2040 is to create value by transforming our current business structure. ENEOS is working to create lifestyle support services and grow nationwide SS network into a platform that provides total services for all needs, according to the customer's stage of life. Through this delivery optimization business model using ENEOS's SS network, we are taking an important step towards raising the efficiency of last-mile deliveries, which will also contribute to promote a low-carbon society. (1) Analysis by HERE TechnologiesInquiry RecipientMitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Heavyweights to speak as Asian Financial Forum opens conference year ACN Newswire

Heavyweights to speak as Asian Financial Forum opens conference year

December 19, 2022
HONG KONG, Dec 19, 2022 - (ACN Newswire via SEAPRWire.com) - The 16th Asian Financial Forum (AFF), organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will be held on 11 and 12 January next year in hybrid format. Ban Ki-Moon, eighth Secretary-General of the United Nations and more policymakers and business leaders will deliver keynote speeches at AFF 2023.Helen Clark, Former Prime Minister of New ZealandChristiana Figueres, Co-Founder of Global Optimism and Former Executive Secretary of the United Nations Framework Convention on Climate ChangeThemed "Accelerating Transformation: Impact - Inclusion - Innovation", the Forum will include addresses from more than 100 global business leaders, policymakers, financial and wealth management experts, entrepreneurs, tech giants and economists who will share their views on issues related to global finance, economy, trade and sustainability. The Forum will also provide a platform to connect participants for business and investment opportunities to strengthen Hong Kong's status as an international financial centre. As the restrictions on arrivals have been relaxed, more international business travellers are expected to visit Hong Kong and participate in international conferences. To promote the vitality of the city, the HKTDC has curated a variety of exclusive benefits for AFF delegates from overseas, enriching their stay beyond the two-day forum.Speakers include the Former Secretary-General of the United Nations (UN), Former Prime Minister of New Zealand and Former Executive Secretary of the UN Framework Convention on Climate ChangeAs the premier financial and business forum and the first large-scale business exchange event kicking off the new year, AFF assembles more than 100 heavyweight thought leaders to examine ways to formulate better business strategies and develop a blueprint for sustainable growth after a turbulent 2022, and explore how global corporates can work together to create a resilient economic landscape through innovation and inclusion. This year's forum draws a number of policymakers and business leaders to share their views, including the following three eminent keynote speakers:- Ban Ki-moon, eighth Secretary-General of the UNBan Ki-moon served as Secretary-General of the UN between 2007 and 2016. During his tenure, he focused on the response to global challenges, from climate change and economic upheaval to pandemics and food and energy crisis. He will deliver his keynote address and share his insights on coping with global challenges and promoting sustainable development with multilateral cooperation on the first day of Forum (11 January).- Helen Clark, Former Prime Minister of New ZealandHelen Clark was the Prime Minister of New Zealand from 1999 to 2008. Throughout her tenure, she engaged widely in policy development and advocacy across the international, economic, social and cultural spheres. She will deliver her keynote address under the theme of equality and diversity on the second day of Forum (12 January).- Christiana Figueres, Co-founder of Global Optimism and Former Executive Secretary of the UN Framework Convention on Climate ChangeChristiana Figueres is an internationally recognised leader fostering climate action. As the Executive Secretary of the UN Framework Convention on Climate Change from 2010 to 2016, she actively coordinated climate change initiatives to jointly deliver the 2015 Paris Agreement. She will discuss the latest trends in climate action and net-zero policies on the second day of Forum (12 January).Discussion sessions on hot market topicsThe two-day Forum will include more than 40 discussion sessions, featuring heavyweight financial, government and business leaders to shed light on major topics, including global economic outlook, regional trade collaborations such as the Regional Comprehensive Economic Partnership Agreement (RCEP) and Guangdong-Hong Kong-Macao Greater Bay Area, asset and wealth management, environment, social and governance (ESG) and green finance, insurance and risk management, family office ecosystem, philanthropy and impact investing, financial inclusion, decentralised finance (DeFi), Web3 and Metaverse, monetary reforms and central bank digital currencies (CBDC) opportunities.In the main panel discussions, international financial and business leaders including Valerie Baudson, Chief Executive Officer of Amundi; Takeshi Kunibe, Chairman of the Board, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation; Robert F. Smith, Founder, Chairman & CEO of Vista Equity Partners; Mark Tucker, Group Chairman of HSBC Holdings; Dr Jose Vinals, Group Chairman, Standard Chartered; Dr Ridha Wirakusumah, CEO of Indonesia Investment Authority and James Turner, Group Chief Financial Officer, Prudential will examine macroeconomic trends amid the epidemic recovery and external uncertainties, and key market opportunities.Tackling environmental challenges, energy and food crises has become top of the agenda on global level. Rapid development of Web3 and other financial technologies have also shaped the future of economy. In light of this, AFF will establish the Global Spectrum series, together with the Fireside Chat, to discuss various disruptive innovations and initiatives in society, covering venture capital and start-up ecosystem, transition to net-zero and ESG standard-setting, food security, health equity, metaverse and non-fungible token (NFT) and more. Speakers include Prof KC Chan, Senior Advisor, WeLab; Luanne Lim, Chief Executive, Hong Kong, HSBC; Benedicte Nolens, Head of the Hong Kong Centre, BIS Innovation Hub; Alfred Chuang, General Partner, Race Capital; Andrew Schwabecher, CEO & Representative Director, Japan Computer Vision Corp. and Adam Litle, Chief Executive Officer, Sound Agriculture. The Dialogues for Tomorrow series will also invite forward-looking industry leaders, including Sebastian Fahey, EVP, Managing Director, EMEA and Executive Lead, Metaverse, Sotheby's; Jeremy Coller, CIO, Managing Partner and Founder of Coller Capital and Charles Li, Founder and Chairman of Micro Connect.AFF Deal Flow in hybrid mode with extended periodIn addition to gathering global financial and business leaders to share insights, the HKTDC and the Hong Kong Venture Capital and Private Equity Association will again co-organise the AFF Deal Flow Matchmaking Session. The first two days of the matchmaking meeting (11 and 12 January) will allow participants to meet at the physical Forum venue, and continue online till 17 January with a digital extension, offering investors and project owners prolonged period to connect and explore collaboration opportunities. The matchmaking projects will cover industries ranging from deep technology, digital technology and media, medical technology, education and infrastructure to real-estate services. A function for identifying ESG-integrated projects debuted last year has also been enhanced to facilitate business matching.Nearly 100 exhibitors showcase new technologies and investment opportunitiesThe AFF will also house nearly 100 local and overseas exhibitors, international financial institutions, technology companies, start-ups and investment promotion agencies and sponsors including PwC, Standard Chartered Bank, Bank of China, HSBC, UBS, China International Capital Corporation, Huatai International, Hong Kong Exchanges and Clearing Limited and Cyberport to showcase leading financial technologies. Three highlighted zones, including Fintech Showcase, InnoVenture Salon and FintechHK Start-up Salon will allow on-site participants to experience technologies of tomorrow.Wide array of exclusive discounts and privileges for overseas delegatesAs the first large-scale business exchange event in 2023, the HKTDC has curated a variety of exclusive travel, food and hotel discounts and privileges in collaboration with Hong Kong Tourism Board, Klook, LKF Concepts and hotels to encourage AFF delegates from overseas to make the most out of their stay and experience the vitality of Hong Kong outside the Forum.Participants who register now can enjoy an early bird discount. More activity details, speaker line-up and media registration arrangements will be announced in early January.Website- Asian Financial Forum: https://www.asianfinancialforum.com/conference/aff/en- AFF Programme List: https://www.asianfinancialforum.com/conference/aff/en/info-programme- AFF Speaker List: https://www.asianfinancialforum.com/conference/aff/en/speaker- Media Room: http://mediaroom.hktdc.com- Photo download: https://bit.ly/3FklQrPMembers of the media interested in interviewing AFF 2023 speakers can send an email to tleung@yuantung.com.hk or ayiu@yuantung.com.hk on or before 5 January 2023.About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesYuan Tung Financial Relations:Tiffany Leung, Tel: +852 3428 2361, Email: tleung@yuantung.com.hkAgnes Yiu, Tel: +852 3428 5690, Email: ayiu@yuantung.com.hkFung Wong, Tel: +852 3428 3122, Email: hfwong@yuantung.com.hkHKTDC's Communications & Public Affairs Department:Katy Wong, Tel: +852 2584 4524, Email: katy.ky.wong@hktdc.orgSnowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.orgSunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Issuance of Shares and Unlisted Warrants to GCL Technology Chairman Zhu Gongshan was Formally Approved at HG Semiconductor’s Extraordinary General Meeting ACN Newswire

Issuance of Shares and Unlisted Warrants to GCL Technology Chairman Zhu Gongshan was Formally Approved at HG Semiconductor’s Extraordinary General Meeting

December 14, 2022
HONG KONG, Dec 13, 2022 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908. HK) announced that the resolution of the extraordinary general meeting was duly passed in relation to the investment agreement dated on 4 August 2022 (the "Investment Agreement"), which the Group entered into with Mr. Zhu Gongshan ("Mr. Zhu"), the Founder, Chairman and Executive Director of GCL Technology Holdings Limited (Stock code: 3800.HK; "GCL"), signifying that Mr. Zhu has officially become a major shareholder of the Group. Pursuant to the Investment Agreement, the Group has agreed to allot and issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription"). In view that the due diligence examinations have been completed, and that Mr. Zhu is reasonably satisfied with the results of the examinations, he will participate in the Shares Subscription and Warrants Subscription through his designated beneficially owned entity Profit Act Limited. The subscription shares and warrant shares shall be subject to a lock-up period of 18 months commencing on the date of issuance during which cannot be sold or transferred.The subscription is a testament to Mr. Zhu's confidence in the prospects of HG Semiconductor. In addition to becoming a major strategic shareholder of the Group, HG Semiconductor entered into a strategic cooperation framework agreement earlier on 7 September 2022 with Golden Concord Group Limited ("Golden Concord Group"), a company ultimately held under a discretionary trust with Mr. Zhu and his family members as beneficiaries, to commence a long-term strategic cooperation focusing on the application of third generation gallium nitride ("GaN") power chips in the field of new energy. Leveraging its leading position in the new energy industry with comprehensive strategic layout, Golden Concord Group will assist HG Semiconductor to tap into the market of new energy supply chain, helping the Group develop its upstream and downstream businesses as well as becoming its close business partner.The global chip business has been developing rapidly and the changing technology specifications and demand of different markets are the key factors for the Group to source suitable raw materials from different suppliers to cater for the Group's production needs of GaN chips. With the rich resources and leading technology accumulated by Mr. Zhu and Golden Concord Group in the field of new energy over the years, it is believed that the silicon wafers supplied to the Group are of high quality given the crystal lattice of the entire solid of the silicon wafers is continuous, unbroken to its edges, and free of any grain boundaries. The supply of silicon wafers from Golden Concord Group will boost the Group's confidence and ensure the stability and quality of its GaN business development. On the other hand, the third-generation semiconductors such as GaN and other broadband semiconductors are expected to be excellent materials for the energy conversion chain, as they can effectively reduce energy losses and improve energy conversion rates. The Group would supply the manufactured GaN chips to Golden Concord Group from its newly developed Xuzhou Factory with advanced technology, which are the fundamental components used in Golden Concord Group's business in energy engineering, solar inverter and energy storage technology. Golden Concord Group, with its high-quality silicon wafers, may become one of the suppliers to the Group, while it will also become a potential customer of the Group's GaN chips, meaning that both parties would complement each other.As the digital economy accelerates, the semiconductor industry has gradually become a significant impetus for the global economy and socioeconomic development. The report of the 20th National Congress of the Communist Party of China (CPC) also clearly pointed out that it is necessary to uphold the country's self-reliance and self-improvement in science and technology, opening up new areas and new arenas in development and accelerate China's scientific and technological strength, and steadily fostering new growth drivers and new strengths. At the same time, in order to actively respond to the national policy guidelines, the Hong Kong government has recently established the Microelectronics Technology Consortium and is studying chip technology, promoting more high value-added and high technology manufacturing processes and production lines in Hong Kong; the third-generation semiconductors will therefore play a vital role in the development of technology and economic diversification.To actively expand its third-generation semiconductor GaN business, HG Semiconductor has established a new factory earlier, with an area of over 7,000 square metres in Xuzhou ("Xuzhou Factory"), and has recently started manufacturing its own 6-inch GaN power device epitaxial wafers, representing a breakthrough and the first stage of the Group's GaN chip business. The Group expects that full production of GaN chips will commence by early 2024. In addition, the Group's research and development team will promote the GaN chips by implementing the GaN chips in the circuitry designed for different applications, to raise the customers' loyalty, while at the same time, relevant GaN devices will also be launched to increase sales.The management of HG Semiconductor is honored to introduce Mr. Zhu Gongshan as a major strategic shareholder of the Group. After nearly two years of business transformation, the Group has established its outstanding strengths in GaN power semiconductors and new energy industry. The Share Subscription and the Warrant Subscription represent a good opportunity for the Group to raise additional capital for its GaN business development, thereby accelerating its business development. Meanwhile, leveraging Mr. Zhu's background as a major strategic shareholder of the Group, HG Semiconductor is expected to further accelerate the research and development ("R&D") of GaN technology and application in the new energy field, and stride towards the goal of becoming an integrated device manufacturing ("IDM") enterprise with semiconductor design and manufacturing as the core, as well as the integration of R&D, manufacturing, testing, and sales. HG Semiconductor will continue to pursue its established business strategies to capture market opportunities, enhance stakeholder value and achieve long-term sustainable growth, with the aim of providing the best returns to shareholders.About HG Semiconductor LimitedHG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads and a new generation of semiconductor gallium nitride ("GaN"). The Group is committed to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.For more details, please visit www.hg-semiconductor.com Copyright 2022 ACN Newswire. 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DiamondTok Announces Approval of US MSB Financial License SeaPRwire

DiamondTok Announces Approval of US MSB Financial License

December 12, 2022
New York, NY, December 12, 2022 – (SEAPRWire) – The world’s leading decentralized short video platform – DiamondTok recently announced that it has officially obtained the MSB license from the US. The platform is bound to step up its efforts to enter the European and American markets in compliance, which also means that the platform’s prelude to globalization has officially begun. The MSB (Money Services Business) license is issued by the Financial Crimes Enforcement Agency (“FinCEN”) under the U.S. Department of the Treasury. The department mainly supervises companies engaged in money service-related businesses to combat financial crimes in the United States and abroad. Companies that have obtained this license will be able to legally conduct currency transactions and related businesses in the 50 local states. The successful acquisition of the license by DiamondTok is not only conducive to the compliance expansion of the platform’s business, but also lays a legal foundation for the platform to launch related businesses in the United States in the future. At the same time, as a platform supervised by law enforcement agencies, it will provide users and investors with greater confidence, at the same time reduce user’s risk. Users who would like to verify can do so through the following steps: 1. Open the URL: https://www.fincen.gov/msb-registrant-search 2. Enter the MSB license number of DiamondTok: 31000231292567 3. Click ‘Search’ In the future, DiamondTok will still uphold the original intention of conducting business with honesty and integrity, and will establish a new short video ecosystem for worldwide users that benefits everyone. Social Links Facebook: https://www.facebook.com/profile.php?id=100083185636252 Twitter: https://twitter.com/diamondditok Media Contact Brand: DiamondTok Sdn Bhd Contact: Media contact E-Mail: diamondtokglobal@gmail.com Website: https://diamondtok.com SOURCE: DiamondTok Sdn Bhd The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Business of IP Asia Forum sheds light on Global IP business opportunities ACN Newswire

Business of IP Asia Forum sheds light on Global IP business opportunities

December 2, 2022
HONG KONG, Dec 2, 2022 - (ACN Newswire via SEAPRWire.com) - Intellectual property (IP) authorities and business leaders from across the world gathered to discuss trends, paradigm shifts and opportunities in the IP market at the two-day Business of IP Asia (BIP Asia) Forum, which concluded today. Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Trade Development Council (HKTDC) and Hong Kong Design Centre, this leading annual IP event attracted more than 14,000 online and physical participants from over 40 countries and regions to share insights, network and explore business collaboration opportunities.The 12th Business of IP Asia (BIP Asia) Forum came to a successful close todayPolicy Dialogue - Aspiration to Action: Co-creating a Resilient and Sustainable IP EcosystemThe HKTDC and Chinese Manufacturers' Association of Hong Kong signed a Memorandum of Understanding (MoU) to boost mutual cooperation on technology commercialisationThe physical-online hybrid BIP Asia Forum, themed "Creating New Value, Discovering New Frontiers", was held at the Hong Kong Convention and Exhibition Centre (HKCEC) with physical sessions livestreamed. More than 70 seasoned industry leaders and well-established speakers outlined proposals to build a sustainable IP ecosystem and analysed the effective implementation of IP strategies for business expansion, while exploring the business potential of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through forums, plenary sessions, workshops and product showcases.International IP experts share sustainable IP ecosystem insightsTo cope with ever-changing global IP protection policies and thrive in a dynamic world amid technological breakthroughs, effective bilateral communication with market participants is of the utmost importance in the IP industry to establish its position and remain resilient through economic cycles. At the inaugural Policy Dialogue - Aspiration to Action: Co-creating a Resilient and Sustainable IP Ecosystem, a forum highlight, international IP experts exchanged valuable insights on enhancing the sustainability of the global IP ecosystem. Antony Taubman, Director of Intellectual Property Division at World Trade Organization (WTO) said: "We have witnessed a revolution in the way that intellectual property is traded and used to promote development and economic growth. Knowledge flow is also central to equitable development. The experience with COVID has shown that innovation and access to the fruits of innovation are essential and must be factored into all areas of policy and international trade. The Hong Kong government is right to position the city as a regional IP trading centre, and to provide the strategic, careful, integrated and systemic thinking required to make it work."Summit focuses on re-industrialisationThe BIP Asia Forum's "Global Tech Summit" addressed the "Industrial Metaverse: Propelling Re-industrialisation in Hong Kong" topic. The HKSAR Government has actively promoted re-industrialisation to boost the city's sustainable economic growth. The summit brought together technology leaders and pioneers to analyse the transformation of the global manufacturing landscape and ways in which it could accelerate the revitalisation of Hong Kong's manufacturing sector. Having led artificial intelligence (AI) initiatives in the Asia Pacific, Simon See, Senior Director and Chief Solution Architect; Global Head of NVIDIA AI Technology Center, NVIDIA Corporation, shared his views on metaverse and re-industrialisation.Simon See said: "Many people believe that the metaverse is only for social purposes. However, it is indeed highly relevant to how industries operate. Digital twins, for example, can assist businesses in developing simulations and increasing efficiency. To build the metaverse, many IP and digital assets will need to be created, and no single company can do it all. The private sector, the education sector and communities are all needed to help build various components. That is why we need the ecosystem to grow as quickly as possible for the metaverse to become a reality."Educating IP users and owners on diverse topicsThe sessions on the first day covered a diverse IP-related topics. Inspo Talk: IP issues Revolving KOL/Influencer Marketing was an informative session for IP users who actively deploy personalities on social media for marketing purposes. On the same subject, legal experts shared crucial guidance at the IP Do's and Don'ts on Social Media session. A talk on the Introduction to the Madrid System for the International Registration of Marks provided valuable information to innovators who seek to protect their creations.Many firms are seeking to explore opportunities in the vibrant Association of Southeast Asian Nations (ASEAN), a fast-expanding trade bloc. On the second day of event, the Workshop on ASEAN Roadmap to Successful IP Commercialisation in a Knowledge-based Economy offered thoughts on how innovators could use inventions and expand in ASEAN. Another panel on business expansion brought together representatives from various fields, such as enterprises, research institutions, financial institutions and IP institutions, to exchange views on the latest technological achievements and IP financing within the GBA.Education remains an indispensable part of the BIP Asia Forum. This year, collaborating with the Intellectual Property Department, the event continued to offer a wide range of training sessions for IP owners and users. Topics ranged from deployment of copyright and designs in the digital age to the application of patents and key concepts for IP trading. There were also sessions answering questions pertaining to legal issues arising from disputes over IP appropriation.In the IPHatch Asia - Enabling Deep Tech Startups with IPs and Business Networks session, Jason Loh, Founder and CEO of Piece Future, analysed the role of IP and business networks in deep tech start-up development. Start-ups were invited to discuss the importance of IP in business development, share their entrepreneurial journey and offer advice on how to stand out amid the competition.Co-organised by HKTDC and Hong Kong Productivity Council (HKPC) for the first time this year, the Innovation & IP Market included the Inno Showcase, Open Stage and Tech Consultation Salon. It brought together universities, R&D centres, start-ups, IP users and service providers to network and explore collaboration opportunities. Start-ups and SMEs also gained insights from various industry experts on trademark registration, IP and tech commercialisation, invention protection and capitalising patents.The HKTDC and The Chinese Manufacturers' Association of Hong Kong signed a Memorandum of Understanding (MoU) today to boost mutual cooperation on technology commercialisation to develop and promote Hong Kong as a global innovation and technology (I&T) hub and regional IP trading center.Business of IP Asia Forum website: https://bipasia.hktdc.com/en/Photo download: https://bit.ly/3FlWDOEAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact Hill+Knowlton Strategies:Rachel Zhu, Tel: +852 6816 5846, Email: rachel.zhu@hkstrategies.comJade Sin, Tel: +852 5646 8944, Email: jade.sin@hkstrategies.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgJanet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.orgSunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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