property – PressAP

SeaPRwire

ChromaWay and the Inter-American Development Bank Collaborate to Improve Property Registration using the Chromia Blockchain

February 1, 2023

According to a recent report published by the IADB, the LAC PropertyChain pilot shows that “complex property transactions can be sufficiently modeled, coded, and processed on a distributed blockchain network.”. The report goes on to explain how the technology can alleviate problems that currently plague real estate transactions in Latin America. STOCKHOLM, SWEDEN, February 01, 2023 – (SEAPRWire) – The Inter-American Development Bank (IADB) and ChromaWay, a provider of enterprise-grade blockchain solutions, have collaborated on a pilot program that demonstrates the ability of Chromia blockchain technology to improve property registration processes in Latin America. The program, called LAC PropertyChain, ran on a permissioned version of Chromia and aimed to increase the transparency of records, streamline the property registration process, generate greater trust among stakeholders, and reduce accessibility barriers. The prototype was based on Peruvian law and focused on two processes particularly relevant to local stakeholders: mortgage discharge and property subdivision. The development team modeled the workflow and tasks associated with these transactions and developed a hybrid smart contract to programmatically enforce the process among ecosystem partners such as buyers, sellers, attorneys, surveyors, banks, notaries, and land registration authorities. Commenting on the recent project collaboration, ChromaWay’s VP of Business and Partnership Development Todd Miller said: “Not only did the pilot demonstrate that blockchains can play a central role in property registration infrastructure, it also demonstrated that Chromia’s features make it better suited to the task than other smart contract platforms.” Chromia performed well due to its ability to handle large datasets using relational blockchain technology. Unlike other smart contract platforms, Chromia has native relational database support, allowing for efficient storage, search, and editing of records. Additionally, the ability of Chromia to interoperate seamlessly with external enterprise business applications allowed participants to interact with LAC PropertyChain without prior knowledge of blockchain technology. The pilot project is currently being reviewed by the IADB for the next steps. It is also being used as a model for other projects under consideration in Latin America, Africa, and Asia. If users are interested in learning more, please contact ChromaWay or visit the LAC PropertyChain website. Users may also view the full Inter-American Development Bank report in Spanish and in English. About ChromaWay ChromaWay, established in 2014, is the creator of the relational blockchain Chromia – a new architecture that combines the power and flexibility of a relational database with the decentralized security of a blockchain. ChromaWay has developed applications for clients across the globe in several sectors, including banking, supply chain, real estate, and green finance. About Chromia Chromia combines databases with blockchain to deliver a general purpose “relational blockchain” platform capable of supporting nearly every kind of decentralized application. Relational database support makes Chromia particularly well suited to applications requiring high I/O capacity and the management of complex data sets while offering the security and transparency of a public blockchain. Media Contact Company: ChromaWay Contact: Fati Hakim Email: fati.hakim@chromaway.com Website: https://chromaway.com/ SOURCE: ChromaWay 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)

ACN Newswire

The best of the best real estate developers, projects prevail at 17th PropertyGuru Asia Property Awards Grand Final

December 10, 2022

BANGKOK, THAILAND, Dec 10, 2022 - (ACN Newswire via SEAPRWire.com) - PropertyGuru Group (NYSE: PGRU), Southeast Asia's leading property technology company, today announced the regional winners representing the Best in Asia at the 17th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Leading Real Estate Companies of the World.-- New World Development Company Limited is hailed Best Developer (Asia) in one of two regional wins for companies from China (Hong Kong and Macau)-- Companies from Thailand and the Philippines each garner seven regional wins -- Candra Ciputra, CEO of Ciputra Group and president director of PT Ciputra Development Tbk, receives the PropertyGuru Icon awardAlso known as the finale of the 2022 PropertyGuru Asia Property Awards series, the Grand Final was presented in 48 categories at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. New World Development Company Limited garnered the award of Best Developer (Asia), representing China (Hong Kong and Macau). Along with the design practice Lead8, the company also received the Best Mega Mixed Use Development (Asia) award for 11 SKIES.Representing Mainland China, Lead8 additionally won the Best Retail Architectural Design (Asia) award for Shougang Park Urban Weaving District. Benoy Limited won Best Mixed Use Architectural Design (Asia) for CRL MixC Qianhai in another regional win for Mainland China. The Philippines garnered seven regional wins, led by the Best Industrial Developer (Asia) title for Aboitiz InfraCapital Economic Estates and Best Lifestyle Developer (Asia) title for Global-Estate Resorts, Inc. (GERI). Aboitiz InfraCapital Economic Estates also won the honours of Best Industrial Development (Asia) and Best Green Development (Asia) for LIMA Estate. AppleOne Mactan, Inc. also won Best Branded Residential Development (Asia) for The Residences at Sheraton Cebu Mactan Resort while Cebu Landmasters, Inc. won Best Hospitality Architectural Design (Asia) for Sofitel Cebu City. Arquitectonica was honoured with the Best Office Architectural Design (Asia) award for Mega Tower. Thailand also gained seven regional wins, including the Best Landmark Mixed Use Development (Asia) award for One Bangkok by Frasers Property Holdings (Thailand) Co., Ltd. (FPHT). Magnolia Quality Development Corporation Limited won both the Best Condo Development (Asia) and Best Health and Wellness Development (Asia) awards for The Aspen Tree at The Forestias. PMT Property Co., Ltd. earned the titles of Best Condo Interior Design (Asia) and Best Condo Landscape Architectural Design (Asia) for 125 Sathorn. Lake Legend Bangna-Suvarnabhumi by Hongkong Land and Property Perfect PCL was named Best Waterfront Housing/Landed Development (Asia) while Jaytiya 2 Private Pool Villas Residence by Jaytiya Property Co., Ltd. won Best Housing/Landed Landscape Architectural Design (Asia). Singapore scored six regional wins at the Grand Final. GuocoLand was named Best Luxury Developer (Asia) and Best Sustainable Developer (Asia) while UOL Group Limited was named Best Hospitality Developer (Asia). UOL Group Limited also won Best Hotel Development (Asia) for Pan Pacific Orchard. Park Nova by Shun Tak Holdings gained the Best Condo Architectural Design (Asia) title while Artyzen Singapore by Artyzen Hospitality Group won Best Hospitality Interior Design (Asia). Indonesia was also represented with six regional wins that include the Best Township Development (Asia) award for Kota Baru Parahyangan by PT. Belaputera Intiland and Best Township Masterplan Design (Asia) award for PIK2 Sedayu Indo City by Agung Sedayu Group & Salim Group. Autograph Tower at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group, won Best Office Development (Asia) while LRT City Jatibening by KSO PT Adhi Commuter Properti Tbk. & PT Urban Jakarta Propertindo Tbk. won Best Connectivity Condo Development (Asia). Metland Cibitung by PT Fajarputera Dinasti, a subsidiary of PT Metropolitan Land Tbk., won Best Connectivity Housing/Landed Development (Asia) while LOGOS Cikarang Logistics Park by LOGOS Indonesia was named Best Green Industrial Development (Asia).Australia scored five regional wins, including the Best Boutique Developer (Asia) title for Spacious Group. SPG Land won both the Best Smart Building Development (Asia) and Best Integrated Work From Home Development (Asia) titles for Paradiso Place. Dare Property Group won Best Eco Friendly Commercial Development (Asia) for Zero Gipps and Mayrin Group won Best Housing/Landed Architectural Design (Asia) for The Archwood Residences.Vietnam scored four regional wins, including the Best Mixed Use Developer (Asia) title for Keppel Land. Sycamore by CapitaLand Development (Vietnam) won the Best Housing/Landed Development (Asia) and Best Eco Friendly Housing/Landed Development (Asia) awards. Artisan Park by Gamuda Land was named Best Retail Development (Asia). From Greater Niseko, Andaru Collection Niseko by Blue Waves Group clinched both Best Completed Housing/Landed Development (Asia) and Best Housing/Landed Interior Design (Asia) awards. HakuVillas by H2 Group won the Best Completed Condo Development (Asia) award. Cambodia and Malaysia each earned two regional wins. The Best Breakthrough Developer (Asia) award went to Kambujaya Development Co., Ltd, with the Best Waterfront Condo Development (Asia) title going to Vue Aston by The Peninsula Capital Co., Ltd. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia), with Infinity8 Reserve JBCC by Infinity Group winning Best Co-Working Space (Asia). India was also represented at the Grand Final with Embassy REIT winning Best Commercial Landscape Architectural Design (Asia) for Embassy TechVillage - Central Garden. Candra Ciputra, CEO of Ciputra Group and president director of PT Ciputra Development Tbk, received the PropertyGuru Icon Award. Ciputra, previously named the Indonesia Real Estate Personality of the Year in 2015, received the award for a lifetime of real estate achievements covering developments in more than 40 cities across the archipelago. The regional winners at the Grand Final were selected from the elite pool of country winners from PropertyGuru Asia Property Awards' series of celebrations this year in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Cambodia, the Philippines, Mainland China, Hong Kong, Macau, Greater Niseko (Japan), India, and Australia.Hari V Krishnan, CEO and managing director of PropertyGuru Group, said: "The Awards remain among our widest-reaching enterprise solutions, having expanded over the years to represent some of the world's most dynamic property markets from Southeast Asia to Australia. With these award-winning developers and designers as benchmarks, we hope to guide property seekers towards finding, financing and owning the right properties. In this, the 17th edition of the PropertyGuru Asia Property Awards Grand Final, we elevate not only the region's dream homes but also its finest, most sustainable live-work-play developments, workspaces, retail hubs, hotels, resorts, and industrial parks, among others, to an international platform. Whether you're seeking, selling or building property, we will see you home."Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: "The winners of the PropertyGuru Asia Property Awards Grand Final aptly represent the diversity, progress, and resilience of their respective property markets. With projects ranging from boutique residential developments to vast integrated districts, these award-winning developments offer an impressive snapshot of what the Best in Asia looks like. Whether celebrated onstage at our gala events, or presented to the world online, these awardees shine bright as the Gold Standard of Asian real estate, keeping true to our vision of building the region's Property Trust Platform. To all the winners announced at our regional Grand Final - we celebrate your success. Congratulations."The latest edition of the Grand Final marked the full return of the black-tie gala dinner and awards presentation, following a successful virtual gala edition in 2021. The 2022 Grand Final was streamed live on AsiaPropertyAwards.com as well as the programme's official Facebook and YouTube channels. The list of winners at the Grand Final was selected by an independent jury consisting of head judges of participating markets in the Awards: Thien Duong, chairperson of the Grand Final and general director, Group GSA (Vietnam); Amit Khanna, managing director, Phoenix Advisers (India); Bill Barnett, founder and managing director, C9 Hotelworks (Greater Niseko); Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc. (Philippines); Dato' Sr. Lau Wai Seang, president, Royal Institution of Surveyors Malaysia (RISM): 2017-2018 (Malaysia); Kristin Thorsteins, head of partnership growth for APAC at IWG PLC (Singapore); Lui Violanti, regional manager for Western Australia, Inhabit Group (Australia); Paul Tse, president, board of directors, Macao Association of Building Contractors and Developers (Mainland China, Hong Kong and Macau); Sorn Seap, executive vice president, Cambodian Valuers and Estate Agents Association (Cambodia); Suphin Mechuchep, chairperson, JLL Thailand (Thailand); and Vivin Harsanto, senior director and head of advisory, JLL Indonesia (Indonesia).HLB, the leading international accounting and advisory firm, upheld fairness, transparency and credibility throughout all points of the selection process, under the leadership of Paul Ashburn, HLB International Real Estate Group.Since it was established in Thailand in 2005, the PropertyGuru Asia Property Awards programme has expanded over the years to 18 property markets. Through its series of in-person and virtual gala celebrations, the PropertyGuru Asia Property Awards programme has provided an international platform for excellent real estate developers, architects, and interior designers across Asia Pacific. The programme therefore connects awardees to a wide pool of investors, consumers, and agents, as well as the diaspora, throughout the region and beyond. Organised by PropertyGuru Group (NYSE: PGRU), the 17th PropertyGuru Asia Property Awards Grand Final is supported by platinum sponsor Kohler; gold sponsor Leading Real Estate Companies of the World; official portal partner PropertyGuru; official channel partner History; official magazine Property Report by PropertyGuru; official PR partner Artemis Associates; media partners BusinessWorld, Construction & Property, d+a Magazine, Daily FT, Deluxe Magazine, Discover Pattaya, Esquire PH, Hot Magazine, Housing.com, Kompas, Kopiandpropetry.com, Luxuo, Manila Bulletin, Mingtiandi, Palace, Pattaya Trader, Penang Property Talk, People Asia Magazine, PhilStar PropertyReport PH, Powderlife, Real Estate News PH, Real Living, Rem, Robb Report, Southeast Asia Globe, Suara Indonesia, The Grid, The Hindu, The Manila Times, Think of Living, Top 10 of Malaysia, Vietnam Heritage, WhenInManila.com, Yacht Style, and Your Investment Property; official ESG partner Baan Dek Foundation; official charity partner Liter of Light; supporting partners IFC - Building Resilience Index, IFC - Excellence in Design for Greater Efficiencies, and REHDA Institute; supporting associations EuroCham Cambodia, Global Design Awards Lab, Green Building Consulting & Engineering, Niseko Tourism, Singapore Estate Agents Association, and Singapore Green Building Council; and official supervisor HLB. For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.LIST OF REGIONAL AND COUNTRY WINNERS 17th PropertyGuru Asia Property Awards Grand FinalDEVELOPER AWARDSBest Developer (Asia)Agung Sedayu Group - IndonesiaAuriton Group - AustraliaNew World Development Company Limited - China - Hong Kong and Macau (REGIONAL WINNER)Prince Real Estate Group - CambodiaRobinsons Land - PhilippinesUOL Group Limited - SingaporeBest Luxury Developer (Asia)GuocoLand - Singapore (REGIONAL WINNER)SonKim Land Corporation - Vietnam Best Industrial Developer (Asia)Aboitiz InfraCapital Economic Estates - Philippines (REGIONAL WINNER)PT LOGOS SEA Indonesia - IndonesiaBest Mixed Use Developer (Asia)GuocoLand - SingaporeKeppel Land - Vietnam (REGIONAL WINNER)Megaworld Corporation - PhilippinesPrince Real Estate Group - CambodiaBest Hospitality Developer (Asia)Megaworld Corporation - PhilippinesUOL Group Limited - Singapore (REGIONAL WINNER)Best Lifestyle Developer (Asia)Aurum Land (Private) Limited - SingaporeCasagrand Builder Pvt. Ltd. - IndiaGlobal-Estate Resorts,Inc. (GERI) - Philippines (REGIONAL WINNER)Best Sustainable Developer (Asia)GuocoLand - Singapore (REGIONAL WINNER)PT. Bumi Serpong Damai - IndonesiaPT LOGOS SEA Indonesia - IndonesiaBest Boutique Developer (Asia)Aurum Land (Private) Limited - SingaporePT. Bumi Parama Wisesa (NavaPark) Hongkong Land & Sinar Mas Land Joint Venture - IndonesiaSpacious Group - Australia (REGIONAL WINNER)Best Breakthrough Developer (Asia)Kambujaya Development Co., Ltd - Cambodia (REGIONAL WINNER)DEVELOPMENT AWARDSBest Township Development (Asia)Bridgetowne Destination Estate by Robinsons Land - PhilippinesCorrectio by PT. Jababeka Tbk - IndonesiaKota Baru Parahyangan by PT. Belaputera Intiland - Indonesia (REGIONAL WINNER)Meyhomes Capital Phu Quoc by Tan A Dai Thanh - Meyland - VietnamBest Mega Mixed Use Development (Asia)11 SKIES by Lead8 & New World Development Company Limited - China - Hong Kong and Macau (REGIONAL WINNER)Best Landmark Mixed Use Development (Asia)One Bangkok by Frasers Property Holdings (Thailand) Co., Ltd. (FPHT) - Thailand (REGIONAL WINNER)Best Mixed Use Development (Asia)Baker Circle by Henderson Land Development Company Limited - China - Hong Kong and MacauBalfour Place by Thirdi Group - AustraliaEmbassy Manyata Front Parcel Development by Embassy REIT - IndiaHeartland 66 by Hang Lung Properties - Mainland ChinaKL Wellness City by KL Wellness City Sdn Bhd - Malaysia (REGIONAL WINNER)Melbourne Square by OSK Property - AustraliaPrince International Plaza by Prince Real Estate Group - CambodiaThamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group - IndonesiaBest Industrial Development (Asia)FoodFab @ Mandai by Mandai 7 JV Pte Ltd - SingaporeGIIC @ Kota Deltamas by Sinar Mas Land & Sojitz Corporation - IndonesiaLIMA Estate by Aboitiz InfraCapital Economic Estates - Philippines (REGIONAL WINNER)Best Hotel Development (Asia)Pan Pacific Orchard by UOL Group Limited - Singapore (REGIONAL WINNER)Park Hyatt Niseko Hanazono and Hanazono Resort Niseko by Nihon Harmony Resorts KK and PCPD - Greater NisekoBest Retail Development (Asia)Artisan Park by Gamuda Land - Vietnam (REGIONAL WINNER)Batavia PIK by Agung Sedayu Group & Salim Group, curated by Amantara - IndonesiaBest Office Development (Asia)888 Lai Chi Kok Road (NCB Innovation Centre) by New World Development Company Limited - China - Hong Kong and MacauAutograph Tower at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group - Indonesia (REGIONAL WINNER)Cloud Land, Hangzhou by Greentown China Holdings Limited - Mainland ChinaFrasers Tower by Frasers Property Singapore - SingaporeHudson & Ganges Office Towers, Embassy TechZone by Embassy REIT - IndiaKnowledge Hub @Digital Hub by Sinar Mas Land - IndonesiaOne Bangkok Office Tower 4 by Frasers Property Holdings (Thailand) Co., Ltd. (FPHT) - ThailandBest Branded Residential Development (Asia)The Residences at Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. - Philippines (REGIONAL WINNER)Best Condo Development (Asia)Forbes Residences, Applecross by Mustera Property Group Ltd - AustraliaHinode Hills by Niseko Village - Greater NisekoKincang Egrets Waves 3.0 Residential by LYCS Architecture - Mainland ChinaLe Parc at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group - IndonesiaMeyer Mansion by GuocoLand - SingaporeOne Innovale by Henderson Land Development Company Limited - China - Hong Kong and MacauParc3 by Eupe Corporation Berhad - MalaysiaPiramal Aranya by Piramal Realty - IndiaThe Aspen Tree at The Forestias by Magnolia Quality Development Corporation Limited - Thailand (REGIONAL WINNER)The Seasons Residences by Sunshine Fort North Bonifacio Realty Development Corporation - PhilippinesVue Aston by The Peninsula Capital Co., Ltd. - CambodiaBest Waterfront Condo Development (Asia)Costa Mira Beachtown Mactan by Cebu Landmasters, Inc. - PhilippinesLee Nam Road 66 by Logan Group Company Limited & KWG Group Holdings - China - Hong Kong and MacauMeyer Mansion by GuocoLand - SingaporeParadiso Place by SPG Land - AustraliaSunteck Beach Residences (SBR) by Sunteck Realty Limited - IndiaVue Aston by The Peninsula Capital Co., Ltd. - Cambodia (REGIONAL WINNER)Best Connectivity Condo Development (Asia)LRT City Jatibening by KSO PT Adhi Commuter Properti Tbk. & PT Urban Jakarta Propertindo Tbk. - Indonesia (REGIONAL WINNER)Best Completed Condo Development (Asia)HakuVillas by H2 Group - Greater Niseko (REGIONAL WINNER)Best Health and Wellness Development (Asia)Forbes Estates Lipa by Robinsons Land - PhilippinesMark Moran Warrawee by Mark Moran Group - AustraliaThe Aspen Tree at The Forestias by Magnolia Quality Development Corporation Limited - Thailand (REGIONAL WINNER)Best Smart Building Development (Asia)Paradiso Place by SPG Land - Australia (REGIONAL WINNER)Best Housing/Landed Development (Asia)Belgravia Ace by Fairview Developments Pte Ltd (a unit of Tong Eng Group) - SingaporeEnchante Residence @BSD City by Sinar Mas Land - IndonesiaGuangzhou Nansha Amber Living by Zhuhai Huafa Properties Co., Ltd. - Mainland ChinaSycamore by CapitaLand Development (Vietnam) - Vietnam (REGIONAL WINNER)The Archwood Residences by Mayrin Group - AustraliaBest Waterfront Housing/Landed Development (Asia)Lake Legend Bangna-Suvarnabhumi by Hongkong Land and Property Perfect PCL - Thailand (REGIONAL WINNER)The Residences III at The Glades, Putra Heights by Sime Darby Property - MalaysiaBest Connectivity Housing/Landed Development (Asia)Metland Cibitung by PT Fajarputera Dinasti a subsidiary of PT Metropolitan Land Tbk. - Indonesia (REGIONAL WINNER)Best Completed Housing/Landed Development (Asia)Andaru Collection Niseko by Blue Waves Group - Greater Niseko (REGIONAL WINNER)Best Integrated Work From Home Development (Asia)Paradiso Place by SPG Land - Australia (REGIONAL WINNER)Pisonia Ville by UDA Holdings Berhad - MalaysiaBest Green Development (Asia)LIMA Estate by Aboitiz InfraCapital Economic Estates - Philippines (REGIONAL WINNER)Best Green Industrial Development (Asia)LOGOS Cikarang Logistics Park by LOGOS Indonesia - Indonesia (REGIONAL WINNER)Best Eco Friendly Housing/Landed Development (Asia)Sycamore by CapitaLand Development (Vietnam) - Vietnam (REGIONAL WINNER)Best Eco Friendly Commercial Development (Asia)Site of the Future - Acienda Silang by Pilipinas Shell Petroleum Corporation - PhilippinesZero Gipps by Dare Property Group - Australia (REGIONAL WINNER)DESIGN AWARDSBest Township Masterplan Design (Asia)Bridgetowne Destination Estate by Robinsons Land - PhilippinesPIK2 Sedayu Indo City by Agung Sedayu Group & Salim Group - Indonesia (REGIONAL WINNER)Best Mixed Use Architectural Design (Asia)11 SKIES by Lead8 - China - Hong Kong and MacauCRL MixC Qianhai by Benoy Limited - Mainland China (REGIONAL WINNER)Yoho Treasure Island Resorts World Hotel, Macau by Huarchi Global Design Corporation Ltd & Treasure Island Entertainment Company Ltd - China - Hong Kong and MacauBest Condo Architectural Design (Asia)AMO Residence by UOL Group Limited, Singapore Land Group Limited, Kheng Leong Company - SingaporeMeyer Mansion by GuocoLand - SingaporeOne East @ Damansara by CK East Group - MalaysiaParadiso Place by SPG Land - AustraliaPark Nova by Shun Tak Holdings - Singapore (REGIONAL WINNER)Railway Leisure Town by HZS Design (Shanghai) Ltd. - Mainland ChinaReference Sathorn - Wongwianyai by SC Asset - ThailandThe Commodore by JBE Holdings Pte Ltd - SingaporeThe East Village at DGT by Cebu Landmasters, Inc. - PhilippinesWaterfall Heights, Patong Bay (Phuket) by PropertyStore Thailand Co., Ltd. - ThailandBest Housing/Landed Architectural Design (Asia)Andaru Collection Niseko by Blue Waves Group - Greater NisekoLake Legend Bangna-Suvarnabhumi by Hongkong Land and Property Perfect PCL - ThailandMazenta Residence by PT Cipta Harmoni Lestari - IndonesiaSeri Austin Heights by Aksi Sepakat Sdn Bhd - MalaysiaThe Archwood Residences by Mayrin Group - Australia (REGIONAL WINNER)The Valley by Botanica Luxury Villas - ThailandVenue ID Motorway Rama 9 by SC Asset - ThailandBest Hospitality Architectural Design (Asia)Artyzen Singapore by Artyzen Hospitality Group - SingaporeShiguchi by Kookan - Greater NisekoSofitel Cebu City by Cebu Landmasters, Inc. - Philippines (REGIONAL WINNER)Best Retail Architectural Design (Asia)Pantjoran PIK by Agung Sedayu Group & Salim Group, curated by Amantara - IndonesiaShougang Park Urban Weaving District by Lead8 - Mainland China (REGIONAL WINNER)Best Office Architectural Design (Asia)Embassy Oxygen, Tower-1 by Embassy REIT - IndiaMega Tower by Arquitectonica - Philippines (REGIONAL WINNER)One Bedford Place by Lofter Group Limited - China - Hong Kong and MacauBest Condo Interior Design (Asia)125 Sathorn by PMT Property Co., Ltd. - Thailand (REGIONAL WINNER)Liv @ MB by Bukit Sembawang Estates Limited - SingaporeOrchard Sophia by Orchard Sophia Pte Ltd - SingaporeParadiso Place by SPG Land - AustraliaPerfect Ten by Property Enterprises Development (Singapore) Pte Ltd - SingaporeThe Commodore by JBE Holdings Pte Ltd - SingaporeThe Residences at Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. - PhilippinesBest Housing/Landed Interior Design (Asia)Andaru Collection Niseko by Blue Waves Group - Greater Niseko (REGIONAL WINNER)Kambujaya Residences by Kambujaya Development Co., Ltd - CambodiaMazenta Residence by PT Cipta Harmoni Lestari - IndonesiaThe Archwood Residences by Mayrin Group - AustraliaBest Hospitality Interior Design (Asia)Artyzen Singapore by Artyzen Hospitality Group - Singapore (REGIONAL WINNER)Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. - Philippines Shiguchi by Kookan - Greater NisekoBest Condo Landscape Architectural Design (Asia)125 Sathorn by PMT Property Co., Ltd. - Thailand (REGIONAL WINNER)AMO Residence by UOL Group Limited, Singapore Land Group Limited, Kheng Leong Company - SingaporePark Nova by Shun Tak Holdings - SingaporeWaterfall Heights, Patong Bay (Phuket) by PropertyStore Thailand Co., Ltd. - ThailandBest Housing/Landed Landscape Architectural Design (Asia)Jaytiya 2 Private Pool Villas Residence by Jaytiya Property Co., Ltd. - Thailand (REGIONAL WINNER)Meysenses Lucia Bay Bai Lu by Tan A Dai Thanh - Meyland - VietnamBest Commercial Landscape Architectural Design (Asia)Embassy TechVillage - Central Garden by Embassy REIT - India (REGIONAL WINNER)Best Co-Working Space (Asia)Infinity8 Reserve JBCC by Infinity Group - Malaysia (REGIONAL WINNER)work.able Exxa-Zeta Center by Robinsons Land - PhilippinesPUBLISHER'S CHOICEPropertyGuru Icon AwardWINNER: Candra CiputraCEO, Ciputra GroupPresident Director, PT Ciputra Development TbkNOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.PROPERTYGURU CONTACTS:General Enquiries:Richard Allan AquinoHead of Brand & Marketing ServicesM: +66 92 954 4154E: allan@propertyguru.com Sponsorships:Kanittha SrithongsukRegional Manager, Awards SponsorshipM: +66 93 293 9794E: kanittha@propertyguru.com Media & Partnerships:Nate DacuaMedia Relations & Marketing Services ManagerM: +66 92 701 2510E: nate@propertyguru.com Sales & Nominations:Udomluk SuwanSales DirectorM: +66 87 699 4433E: may@propertyguru.comABOUT PROPERTYGURU ASIA PROPERTY AWARDS:PropertyGuru's Asia Property Awards, established in 2005, are the region's most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.In 2022, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during 'PropertyGuru Week' in December 2022.For more information, please visit AsiaPropertyAwards.comABOUT PROPERTYGURU GROUP:PropertyGuru is Southeast Asia's leading1 PropTech company, and the preferred destination for over 44 million property seekers7 (https://www.propertygurugroup.com/newsroom/propertyguru-reports-third-quarter-2022-results/#news_icon) to find their dream home, every month. PropertyGuru empowers property seekers with more than 3.5 million real estate listings8 (https://www.propertygurugroup.com/newsroom/propertyguru-reports-third-quarter-2022-results/#news_icon), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance (https://www.propertyguru.com.sg/mortgage/home-loan); and a host of enterprise solutions now under PropertyGuru For Business (https://www.propertyguruforbusiness.com/), including a high-quality developer sales enablement platform, FastKey (https://www.propertyguruforbusiness.com/fastkey), DataSense (https://www.propertyguruforbusiness.com/datasense), ValueNet (https://www.propertyguruforbusiness.com/real-estate-valuers), Awards (https://www.asiapropertyawards.com/en/), events and publications across Asia.For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn (https://www.linkedin.com/company/propertyguru).1. Based on SimilarWeb data between April 2022 and September 2022.2. The third quarter and first nine months ended September 30, 2022 includes results of the iProperty Malaysia and thinkofliving businesses which were acquired on August 3, 2021. 3. Included in the S$13.2 million of adjustments between net loss and Adjusted EBITDA in the third quarter of 2022 was a S$4.9 million depreciation and amortization expense.4. Included in the S$8.2 million of adjustments between net loss and Adjusted EBITDA in the third quarter of 2021 were a S$3.9 million depreciation and amortization expense and a S$3.0 million net finance expense.5. Based on SimilarWeb data between April 2022 and September 2022.6. Does not include impact of Sendhelper acquisition in October 2022.7. Based on Google Analytics data between April 2022 and September 2022.8. Based on data between April 2022 and September 2022. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

12th HKTDC Business of IP Asia Forum opens today

December 1, 2022

HONG KONG, Dec 1, 2022 - (ACN Newswire via SEAPRWire.com) - 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, the 12th Business of IP Asia Forum kicked off today. The first day took place in person at the Hong Kong Convention and Exhibition Centre (HKCEC) with livestreaming available, while the second day will be entirely virtual. Themed "Creating New Value, Discovering New Frontiers", the two-day forum brings together more than 70 global intellectual property (IP) experts and business leaders to discuss the latest trends and opportunities in the Asian IP market.John Lee, Chief Executive of the HKSAR, delivering opening remarksMargaret Fong, Executive Director of the Hong Kong Trade Development CouncilDaren Tang, Director General of World Intellectual Property Organization (WIPO)(center), shared his insights in the Policy Dialogue "Aspiration to Action: Co-creating a Resilient and Sustainable IP Ecosystem".John Lee, Chief Executive of Hong Kong Special Administrative Region spoke at the forum's opening ceremony this morning, along with Margaret Fong, Executive Director of the HKTDC; Shen Changyu, Commissioner at the China National Intellectual Property Administration; and Daren Tang, Director General of World Intellectual Property Organization (WIPO).In her welcome, HKTDC Executive Director Margaret Fong remarked: "In the past 12 years, our Forum has become a leading platform for IP professionals and business leaders from around the world to exchange insights, make connections and explore opportunities. It also underpins Hong Kong's status as a regional IP trading hub. With its strong IP protection regime, efficient IP commercialisation, deep and liquid capital market and sound judicial system, Hong Kong is uniquely placed to foster a vigorous IP ecosystem in the Greater Bay Area, the rest of Mainland China and Asia at large."Addressing participants at the opening session, John Lee said: "Our country's National 14th Five-year Plan firmly supports Hong Kong's rise as a regional IP trading centre. It's one of the eight important sectors to drive our future development, and to lead the way in - for China and for the Asian region as a whole. To strengthen IP rights' protection, the Hong Kong SAR Government will work to implement the international trade mark registration system. We'll also update our copyright regime to boost digital copyright protection."In his opening address, Shen Changyu, added: "The China National Intellectual Property Administration supports the development of the intellectual property business in Hong Kong and the whole Guangdong-Hong Kong-Macao Greater Bay Area (GBA). We will help Hong Kong develop its patent system, streamlining patent examination, staff training and information-system development. Hong Kong is expected to rapidly develop into a regional intellectual-property trading centre. This will provide an optimised business environment for industry players, actively integrating the city into the nation's development and contributing to a robust IP industry."Discussions on the first day began with the Policy, with welcome remarks delivered by Algernon Yau, JP, HKSAR Secretary of Commerce and Economic Development; IP experts Daren Tang, Director General of WIPO; Anthony Taubman, Director of the Intellectual Property Division at the World Trade Organization (WTO); Rowel S. Barba, Chairman of the Association of Southeast Nations (ASEAN) Working Group on Intellectual Property Cooperation; Kyo-sook Choi, Chair of Intellectual Property Rights Experts Group at Asia-Pacific Economic Cooperation (APEC); and Antonio Campinos, President of the European Patent Office exchanged views on how to coordinate global efforts to build a sustainable IP ecosystem.Daren Tang said: "Intangible assets will play a growing role in the economic growth of Mainland China, Hong Kong and the world. We anticipate that an increasing number of Hong Kong-listed companies will derive the majority of their value from intangible assets. In addition, intangible asset finance is rising on policy agendas as governments and businesses use intellectual property as a financial asset. As growth and trade in intangible assets surge around the world, creating new patterns of commerce and exchange, they will open up a wealth of opportunities for Hong Kong. The city and the Greater Bay Area are well-positioned to be key centres of an increasingly intangible asset-driven global economy."The sessions on the first day covered a myriad of IP-related topics. The plenary session shed light on the effective implementation of IP strategies for business expansion. Another session, the Global Tech Summit, focused on the industrial metaverse with leaders from various industries sharing their insights on the ways in which technology can propel reindustrialisation in Hong Kong. Meanwhile, other trending topics discussed included Patent Application Grant (PAG), dispute resolution mechanisms over domain names, precautions that need to be taken to protect online media IP, regulation frameworks and the metaverse ecosystem, and business collaboration efforts with Key Opinion Leaders (KOLs). Co-organised by the Guangdong Administration for Market Regulation (Guangdong Intellectual Property Administration), the GBA IP Development and Market Update session introduced new opportunities for technological innovation and IP in order to encourage more overseas enterprises to tap into the China market.IPHatch Asia was hosted by Jason Loh, Founder and CEO of Piece Future. In his opening speech, Jason Loh analysed the role of IP and business networks in helping deep tech startups to jumpstart and scale up. He also shared the strategic reasons for hosting IPHatch Asia edition in Hong Kong, showing great confidence in the vibrant Hong Kong's startup ecosystem. The session invited past winners to discuss the importance of IP in their business development, share their entrepreneurial journey and give tips for staying ahead of the industry competition.HKTDC and The Chinese Manufacturers' Association of Hong Kong signed a Memorandum of Understanding (MoU) at the Forum, pledging deeper cooperation on technology commercialization.Innovation & IP Market: Smart Manufacturing and BuildingFor the first time at the Forum, the HKTDC co-organised the Innovation & IP Market with the Hong Kong Productivity Council (HKPC) to enhance IP commercialisation and facilitate industry exchange. The event brought together universities, R&D centres, start-ups, IP users and service providers to network and explore collaboration opportunities. The Inno Showcase provided a platform for IP owners to display their innovations. At the Open Stage, IP owners promoted their latest innovations and research results, while business advice was offered at the Tech Consultation Salon.Meanwhile, an action-packed agenda on day two will see legal representatives, industry leaders from the cultural and creative industries, and IP experts from Hong Kong and the GBA explore the opportunities in the GBA and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone and share how IP can protect and promote cultural and creative arts development. In addition, participants can take part in a series of IP training courses co-organised by the HKTDC and HKSAR Intellectual Property Department, which will introduce basic concepts of various IP types. These training courses will be a learning opportunity for anyone seeking to understand how they can protect and manage their intellectual property in the digital age.Also on the second day, the HKTDC, ASEAN Secretariat and HKSAR Intellectual Property Department will organise an online workshop on IP commercialisation in ASEAN. The workshop will bring together representatives from legal departments, research & development (R&D) institutions and enterprises from Hong Kong and ASEAN member states to share their collective experience in the financial and legal systems to facilitate IP commercialisation and technology transfer in a knowledge-based economy.Business of IP Asia Forum website: https://bipasia.hktdc.com/en/Photo download: https://bit.ly/3Vo1Z1tAbout 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 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)

ACN Newswire

Queensland Gold Hills Announces Acquisition of Mia Lithium Project in Quebec Hosting 8km Spodumene-Pegmatite Trend and Concurrent Private Placement Financing

November 28, 2022

Vancouver, BC, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) ("Queensland Gold" or the "Company") is pleased to announce that it has entered into an agreement with an effective date of November 21, 2022 (the "Purchase Agreement") with 9219-8845 QC Inc., a private Quebec company dba Canadian Mining House ("CMH") and certain investors in CMH ("CMH Nominees") to acquire a 100% interest in the 86 square kilometre Mia Lithium Property (the "Property") in the James Bay area of Quebec, Canada (the "Acquisition").Figure 1 - Mia Lithium Property Regional LocationFigure 2 - Mia Lithium PropertyPresident & CEO Alicia Milne states, "Our entry into the lithium space represents a new value creation opportunity for our shareholders. Quebec is a top global mining jurisdiction and the James Bay region is a highly attractive investment destination for lithium exploration due to its prolific hard rock lithium endowment. We are looking forward to revealing the enormous potential we see in the Mia project."About the Mia Lithium PropertyThe Mia Property is comprised of 170 mineral claims, located 62 km East of Wemindji Community in the Eeyou Itschee Territory, James Bay, Quebec. The lithium mineral showings are located approximately 10 kilometres from the nearest highway.The Property geology is part of the Yasinski Lake area, identified by narrow greenstone belt slivers, belonging to volcanic rocks and related sediment the Yasinski Group and pierced by syn-tectonic tonalite and granodiorite suite. The Property is situated in the western extremity of this geological area, covering various lithologies and favourable structures, known to host spodumene bearing pegmatites. The southern half of the Property covers a northeast limb of the Vieux Comptoir granite and a concordant intrusive body described as a spodumene granite on SIGEOM, the Quebec provincial government's geomining information system: https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr.Historical work by Main Exploration Company Ltd. in 1959 (GM10200) reported several spodumene-bearing pegmatites on the Property and mapped an 8.3 km trend of discontinuous pegmatite intrusions. SIGEOM lists nine metallic deposits directly on the Mia Lithium property including two for lithium, namely Mia Li-1 and Mia Li-2. Carte 1879 is listed as a spodumene mineral deposit as no assays were recorded for it.The westernmost mineral showings Mia-Li1 and Mia-Li2 were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47% Li2O and 2.27% Li2O respectively. Numerous pegmatite intrusions have been recorded along the 8.3 km long trend but were never followed up for their lithium potential. The 1959 report also details that the pegmatite dykes are as much as 100 feet (30.5 metres) in width and are commonly zoned, with spodumene crystals described as being as much as 2 feet (0.61 metres) in length.Acquisition Terms:Subject to TSX Venture Exchange (the "TSXV") acceptance, pursuant to the terms of the Purchase Agreement, the Company will acquire the Property from CMH for total consideration of an aggregate of 13,000,000 common shares of the Company (the "Consideration Shares"), $500,000 (the "Cash Consideration") and $1,000,000 in exploration expenditures as follows:- 6,500,000 Consideration Shares and $200,000 within 3 days of TSXV acceptance of the Acquisition (the "Effective Date");- 6,500,000 Consideration Shares and $150,000 on the six-month anniversary of Effective Date; and- Incur $1,000,000 in exploration expenditures on the Property and $150,000 on the one-year anniversary of the Effective Date (the "Closing Date").The Company will earn a 100% interest in the Property on the Closing Date.CMH has directed that a portion of the Acquisition Shares and Cash Consideration be issued and paid to the CMH Nominees.CMH will retain up to a maximum of a 3% net smelter returns royalty, of which up to 1% can be repurchased by the Company at any time prior to commercial production for $1,000,000. No finder's fee is payable in connection with the Acquisition. The Property is subject to an existing 2% net smelter returns royalty granted by CMH (as assignee) in favour of Franco-Nevada Corporation on certain minerals claims forming a part of the Property as well as an existing 2% net smelter returns royalty granted by CMH in favour of Eastmain Resources Inc. on certain mineral claims forming part of the Property. On the Closing Date, the Company will assume the obligations under these existing royalties.The Acquisition remains subject to TSXV acceptance.Private PlacementQueensland will be conducting a non-brokered private placement of up to 12,500,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1,250,000 (the "Offering"). Each Unit will consist of one common share of the Company (each, a "Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant exercisable into one additional Share at a price of $0.25 for two years after the date of issuance. Closing of the Offering is subject to the acceptance of the TSXV. The Company intends to use the proceeds of the Offering to commence a comprehensive review of all historical data related to the Mia Lithium Property in preparation for a field exploration campaign and for general working capital.All securities to be issued under the Offering will be subject to a statutory hold period expiring four months and one day from the date of issuance. The Company anticipates that the majority of the subscriptions will be from arm's length parties, although insiders may participate in the Offering. The Company may pay finders' fees on the Offering, as permitted by applicable securities.QP DisclosureNeil McCallum, B.Sc., P.Geo., of Dahrouge Geological Consulting Ltd., a registered permit holder with the Ordre des Geologues du Quebec and Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.About QueenslandQueensland Gold Hills is mineral exploration company currently advancing exploration of two gold projects located in the historic goldfields of Queensland, Australia: the Big Hill Gold Project and the Titan Project which collectively cover 110 square kilometers in the Talgai Goldfields of the broader Warwick-Texas District and host 54 high-grade historical gold mines.FOR FURTHER INFORMATION, PLEASE CONTACT:Alicia Milne President & CEOamilne@queenslandgoldhills.comKevin BottomleyDirectorkbottomley@queenslandgoldhills.comTelephone: 1 (800) 482-7560E-mail: info@queenslandgoldhills.comTwitter: @QLDGoldhillsForward-Looking StatementsThis news release may contain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedar.com.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2022

November 12, 2022

HONG KONG, Nov 12, 2022 - (ACN Newswire via SEAPRWire.com) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2022 ("FH 2022/23").Highlights-- Revenue amounted to HK$4.92 billion, an increase of 7.4 times from the last corresponding period.-- Profit for the period was HK$1.41 billion, representing a year-on-year increase of 19.4 times.-- Declared payment of an interim dividend of 6.0 HK cents per share.-- Stay positive toward lucrative business of owning and operating data centres via expanding portfolio of developing two new centres in near future.-- Seize opportunity to increase land reserve for property development in Hong Kong.-- Continue to execute the plan for property development in Nanning, Guangxi Province, China.The Group's consolidated revenue increased by 7.4 times from HK$586.1 million for the six months ended 30 September 2021 ("FH 2021/22") to HK$4,920.1 million for FH 2022/23. The Group recorded a net profit for FH 2022/23 was HK$1,410.2 million, representing an increase of 19.4 times when compared to that of HK$69.2 million for FH 2021/22. Earnings per share was 99.3 HK cents (2021: 4.9 HK cents). The Group's underlying profit for FH 2022/23, excluding the change in fair value of investment properties, amounted to HK$1,414.3 million, representing an increase of 47.4 times as compared to an underlying profit of HK$29.2 million for FH 2021/22. Underlying earnings per share was 99.6 HK cents (2021: 2.1 HK cents). The significant increase in the Group's consolidated revenue and net profit in FH 2022/23 was primarily attributable to the handover of the pre-sold units of the residential project namely The Grand Marine to buyers during FH 2022/23.The Board declares to pay an interim dividend of 6.0 HK cents (2021: 4.0 HK cents) per share, payable on 15 December 2022 to shareholders whose names appear on the Company's register of members on 2 December 2022.The Group's first residential property development project "The Grand Marine" at Tsing Yi, the New Territories consisted of two residential towers with 776 residential units, together with car parks and clubhouse facilities. It provides a saleable area of approximately 345,000 square feet. The property's pre-sale which began in November 2019 received applauding sentiment and over 92% of the residential units had been pre-sold. The certificate of compliance for The Grand Marine was obtained in March 2022. Handover of the pre-sold units to buyers subsequently commenced in April 2022, with revenue of HK$4.77 billion recognised during FH 2022/23.The data centre leasing business was in good shape maintaining a healthy growth. Revenue derived from this segment increased by 23.9% to HK$113.9 million in FH 2022/23, primarily driven by the increased utilisation of data centre spaces by existing and new customers. The Group on the other hand executes the plan to expand the data centre network by developing the two greenfield sites at No.3 On Kiu Street and No.8 On Chuen Street in Fanling, the New Territories into two new high-tier data centres with an estimated gross floor area of approximately 185,000 square feet in aggregate. The development is targeted to be delivered in mid-2025 and mid-2026 respectively.In FH 2022/23, revenue derived from the construction business decreased by 90.2% to HK$29.7 million, which recorded a significant drop due to substantial decrease in revenue recognized during the period under review from the completed construction project at Kai Tak.The Group's another development project in its heatmap, located at No. 41, 43 and 45 Pau Chung Street in To Kwa Wan, Kowloon is now named "The Grands". The site is being redeveloped into a 25-storey residential tower with 76 units and clubhouse facilities over two levels of shops covering a total gross floor area of approximately 31,000 square feet. The topping-out of the superstructure works had been completed and the interior fitting-out works are currently in progress. Preparation works for the pre-sale are also commenced. The project is scheduled to be completed in the first half of 2023.For the site at No.1 Luen Fat Street, Fanling, the New Territories, the Group plans to develop into a residential-cum-retail complex with a total gross floor area of approximately 36,000 square feet. The land exchange application to convert the use of land is under processing. Foundation works has started, and the development is scheduled to be completed in mid-2025. Upon completion of the redevelopment of the site, the completed properties will be sold to generate revenue for the Group.The Group's luxury residential project, CRISTALLO, at No. 279 Prince Edward Road West, Kowloon was well sold. As of September 2022, 15 units out of the total 18 units had been sold.The Group expands into Mainland China via acquiring its first land parcel through government public auction which is located at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province with a site area of approximately 574,000 square feet in July 2021. It is planned to develop the land into a luxury residential project under the theme of leisure and healthy lifestyle, comprising high-rise apartment units, villas, retail shops and a wellness centre. Target customers will be the elderly and retirees and their families. The estimated gross floor area of the proposed development is approximately 1,100,000 square feet. Site investigation had substantially been completed. Application for building plan approval is under preparation.Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, "I am pleased to share that we have made a strong growth and achieved a record-high revenue and net profit from our right strategy of making the Group to be a property developer, despite the challenging global environment with persistent pandemic impact, interest rate hike and high inflation. Demand for our both development property and data centre portfolio remain resilient, and our brand is well oriented to capture growth opportunities. In the midst of uncertain economic outlook, we remain cautiously optimistic on the short term and confident on the long-term prospects of the local residential property market. We will keep on identifying and securing opportunities to increase land bank on the backdrop of our sound financial position. We also commit to providing comprehensive and reliable services to our data centre customers. Apart from upgrading the existing iTech Tower 1 & 2, the two new data centres in Fanling are designed and to be equipped to accommodate customers with high power requirement. Our new strategic direction of developing property in Mainland China will continue to leverage our distinctive operating capabilities and seasoned experience to seize the attractive growth opportunities."About Grand Ming Group Holdings Limited (Stock code: 1271.HK)The Group is principally engaged in the business of building construction, property leasing and property development. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group operates two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, the New Territories for developing into two high-tier data centres. Furthermore, the Group launches a residential development project namely "The Grand Marine" at No.18 Sai Shan Road, Tsing Yi, as well as a luxury residential project, Cristallo, at No.279 Prince Edward Road West, Kowloon. A new residential-cum-retail development project namely "The Grands", which is located at No. 41, 43 and 45 Pau Chung Street, To Kwa Wan, Kowloon with a total gross floor area of approximately 31,000 square feet, is well underway and scheduled to be completed in mid-2023. Besides, a site located at No.1 Luen Fat Street, Fanling, New Territories, is planned to develop into a residential-cum-commercial project with total gross floor area of approximately 36,000 square feet and target completion at mid-2025. In Mainland China the Group owns a piece of land at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province for development into a luxury residential project comprising high-rise apartments, villas, retail shops and wellness centre with an estimated gross floor area of approximately 1,100,000 square feet.Media Contacts:Angel YeungJovian Communications LtdEmail: news@joviancomm.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Philippine Industry Body Launched for Stronger Content Protection and Anti-Piracy Efforts

September 29, 2022

MANILA, Sep 29, 2022 - (ACN Newswire via SEAPRWire.com) - Today, leading Philippine industry players including, Globe, GMA Network, Inc., Cignal TV, Inc, KROMA Entertainment and Smart Communications, Inc, joined hands with the Asia Video Industry Association's (AVIA) Coalition Against Piracy (CAP) to announce the formation of the Video Coalition of the Philippines (VCP). The VCP aims to push for stronger intellectual property protection in the Philippines that will protect both original content and users, as well as promote the Philippines creative and media industries, not only in the Philippines but around the world. VCP convenors will build on the momentum of the presentation of the proposed Revised Intellectual Property Code in the Philippines' 19th Congress in July and the recent Protection of Online Content Summit held on September 2 in Manila. House Bill No. 0799, filed by Albay 2nd District Rep. Joey Salceda, aims to update the Philippines' patent application system and make it "more attuned to the digital age." It also "provides for technologies and media that were not anticipated" at the time the intellectual property code was enacted. Proposed revisions also give regulators greater authority to combat IP violations, including the power to issue "permanent blocking orders, takedown orders, cease-and-desist, or disable access orders" against websites, service providers, and online platforms, including social media. The current IP code does not cover electronic or online content in its definition of pirated goods and lacks clear provisions that would allow for efficient and effective site blocking, and other interventions against online IP violations. CAP General Manager Matt Cheetham said, "With the presentation of Bill No. 0799, "An Act Establishing for the Revised Intellectual Property Code of the Philippines" to the House, the Philippines has a golden opportunity to not only update and future proof its intellectual property regime, but to act as a launching pad for intellectual property to protect consumers and advance the overall Philippine economy." Cheetham further noted CAP's recent YouGov survey showed Philippine consumers believe a government regulation for Internet Service Providers (ISPs) to block pirated content would be the most effective measure to reduce piracy in the Philippines. Globe, the Philippines' leading digital solutions platform, has been an advocate of anti-piracy through its #PlayItRight advocacy. Globe hopes to rally consumers and stakeholders behind original content creators by making online content affordable and accessible via content subscription. "Revising the Intellectual Property Code will go a long way in protecting Filipino consumers from the dangers that lurk in pirate sites and improving cybersecurity in the country, especially as Filipinos now rely heavily on digital platforms," said Globe Chief Information Security Officer Anton Bonifacio. Yoly Crisanto, Globe Group Chief Sustainability and Corporate Communications Officer, said revising the IP Code is necessary to improve the country's regulatory environment just as the government aims for greater digitalization. "The use of digital technologies and platforms is expected to further expand in the years to come, whether it be for education, finance, health or recreation. It is, therefore, urgent that we provide better protection for the creative industry and give them a secure environment conducive to creativity and innovation," said Crisanto. "Upholding intellectual property rights in the Philippines enables the creative industry to grow and thrive. KROMA, through the Video Coalition of the Philippines, is committed to collaborate with stakeholders to ensure that this is observed, for the industry's success and sustainability," said Jil Go, KROMA's Head of Broadcast and Publishing."GMA's participation in the Video Coalition of the Philippines presents an opportunity to further strengthen our existing anti-piracy initiatives by working with other players in the industry to push for the implementation of site blocking mechanisms and help protect our viewers and GMA content against unauthorized uploaders," said Joseph T. Francia, First Vice President and Head of Operations, GMA International.Pointing to the impact of site blocking in Indonesia, where traffic to pirate sites has dropped by more than 75% since the government implemented their rolling site blocking procedures in 2019, Cheetham further noted, "The effectiveness of site blocking is backed up by CAP's most recent YouGov consumer surveys in which more than 50% of Indonesian consumers say that they have stopped or rarely access pirate services as a result of the highly efficient and effective blocking measures in place there.""Perhaps more importantly, 76% of Indonesian consumers say they are accessing more legal content and pirating less, and 26% have subscribed to legitimate sources as a result of illegal streaming sites being blocked. Blocking as an educational tool may also be evident in 95% of Indonesian consumers agreeing that online piracy does have negative consequences - the highest in the region," said Cheetham. When done efficiently and effectively, site blocking has a massive impact on combating piracy, changing attitudes and protecting consumers. About the Asia Video Industry Association The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry. For media enquiries and additional background please contact:Charmaine KwanHead of Marketing and CommunicationsEmail: charmaine@avia.orgWebsite: www.avia.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Fulcrum Global Rebrands VZ Properties to NEXIS Property, Continues to Deliver First-Rate Asset Management Services to Customers

September 8, 2022

HONG KONG, Sep 8, 2022 - (ACN Newswire via SEAPRWire.com) - Fulcrum Global (Hong Kong) Limited ("Fulcrum Global" or "the Group"), a premier platform for international property investments, is pleased to announce that the trading name of its wholly owned subsidiary VZ Properties / V Properties UK will be changed to NEXIS Property ("NEXIS"), effective from 7 September 2022, to coordinate its business expansion from Manchester to Birmingham, London, Hong Kong and Bangkok. The rebranding and business expansion will allow the Group to further diversify its professional services to cope with the rising demand for overseas property investments. NEXIS has been operating in the UK for 10 years, focusing on providing both UK-based and overseas landlords and investors with a one-stop, seamless letting and management solution in the UK property market. Today, NEXIS manages over 1,000 active tenancies in the UK's leading cities, including Manchester, London and Birmingham, with almost 70% of overseas landlords from Hong Kong, Singapore, Thailand and the Middle East. NEXIS has an in-depth understanding of the needs of its clients. In addition to having a trilingual professional asset management team, NEXIS offers timely and accurate services to its tenants and landlords, shortening the communication time with different parties and overcoming time zone challenges. It is also committed to providing asset-related value-added services such as property management, furniture sourcing, and property rental and price analysis services.The UK government has been actively developing northern cities in recent years. Many investors have gradually moved from the capital city London to Birmingham and northern cities such as Manchester and Leeds. The property prices in such cities have increased by 8.8% to 9.2%, respectively, while those in London have only increased by 4.1%. NEXIS has taken the lead in expanding its business from its headquarters in Manchester to Birmingham and London and plans to also cover Leeds, Sheffield and Nottingham in the near future. At the same time, in order to improve the service quality for overseas customers, NEXIS has set up service counters based in Hong Kong and Bangkok, and will also open an office in Singapore.Over the years, Fulcrum Global has utilised its business acumen and market knowledge of investing and developing real estate in the UK to grow its footprint, and it has also established sales networks in regions such as Hong Kong and Thailand. By leveraging NEXIS accumulated property management knowledge in the UK and providing top-notch asset management services for customers as its core objective, the Group strives to create asset investment strategies, optimise assets and provide all-round property management for customers and investors, so as to continuously create higher investment value for customers' assets. The Group believes the NEXIS rebranding exercise could maximise the value of the Group, thus further reinforcing its position as one of the world's leading international property investors.About Fulcrum GlobalFulcrum Global (Hong Kong) Limited ("Fulcrum Global") is a premier platform for international property investments to investors based in Greater China, and in the process, provides an integrated solution across the entire ownership lifecycle to make overseas property investment more accessible. Fulcrum Global's business scope consists of three components - acquisition and development, sales and distribution, and downstream services - encompassing the entire international property value chain. Since our founding in 2008, our relentless focus on overseas property investments, along with a strong emphasis on developing a best-in-class management and distribution network, have cemented our reputation as a market leader in the sector. Backed by a management team with an extensive background in real estate and finance, Fulcrum Global has over the years invested in over 70 residential and commercial property projects across ten cities in the UK and Asia, including London, Manchester, Bangkok, Singapore, Tokyo and Shanghai, with total project value in excess of USD 1 billion.In 2018, Fulcrum Global set a new milestone with the successful acquisition of a 20% stake in Noble Development Public Company Limited, a top ten Thailand developer listed on the Stock Exchange of Thailand (NOBLE.BK). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

WIKA Books Sales of Rp7.18 Trillion in Q2-2022

September 2, 2022

JAKARTA, Sep 2, 2022 - (ACN Newswire via SEAPRWire.com) - PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA] successfully booked a gross profit of Rp627.24 billion in Q2-2022 or 14.8% higher on a year-on-year basis (YoY) as recorded in the financial statement for the period ended on 30 June 2022. This figure was supported by the Company's sales of Rp7.18 trillion or 6.2% higher YoY.WIKA's President Director, Agung Budi Waskito (Agung BW) said the improvement in sales performance was enabled by a 2% increase in infrastructure and building sector, 9.8% increase in industry sector, and 167.6% increase in realty & property sector YoY. Most of the revenue in realty & property sector was contributed by the hotel business as a result of the State-owned Enterprises or BUMN hotel holding process by WIKA's subsidiary, WIKA Realty.As at July, WIKA has secured new contracts worth Rp14.67 trillion. The largest contributors were the infrastructure and building sector of 58.4% and the industry sector of 22.7%. The high number of new contracts in these sectors is also due to the strategic infrastructure development program that is being promoted by the Indonesian Government to face the G20.PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA]Contact:Mahendra VijayaSekretaris PerusahaanEmail: mahendra.v@wikamail.id Website: https://www.wika.co.id/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

REDSUN SERVICES’s 2022 Interim Profit Attributable to Equity Shareholders Increases 15.8% to RMB69.3 million

August 24, 2022

HONG KONG, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - Redsun Services Group Limited ("Redsun Services" or the "Group"), a fast-growing comprehensive community services provider with a strong presence in the Yangtze River Delta region, has announced its interim results for the period ended 30 June 2022. The Group reported collaborative development in its three business lines of property management services, value-added services for non-property owners and community value-added services. The Group's external expansion grew rapidly while profitability remained stable. FY2022 Interim Results Highlights:-- The Group's revenue was RMB553.9 million, representing an increase of 4.7% compared with the same period last year.-- Revenue from property management services was RMB404.2 million, representing an increase of 15.3% as compared with the corresponding period last year and accounting for 73.0% of the total revenue. -- Profitability remained stable with a gross profit margin of 27.2%, while profit attributable to equity shareholders was RMB69.3 million, an increase of 15.8%.-- As at 30 June 2022, the Group had a total of 376 contracted projects, with contracted GFA increasing approximately 14.7% to approximately 56.9 million sq.m., of which there were 307 projects under management, with GFA of approximately 44.9 million sq.m., representing an increase of approximately 30.6%.Three-pronged business model with collaborative developmentThe Group recorded total revenue of RMB553.9 million, representing an increase of 4.7% compared to the same period last year. Revenue from property management services increased by 15.3%, accounting for 73.0% of the total revenue. Overall gross profit reached RMB150.8 million with a gross profit margin of 27.2%. Profit attributable to equity shareholders was RMB69.3 million, an increase of 15.8% as compared with the same period last year. The net profit margin reached 13.3%. As at 30 June 2022, the Group provided property management services and value-added services in 62 cities in China, with 376 contracted projects and contracted GFA of approximately 56.9 million sq.m., representing an increase of approximately 14.7% when compared with 30 June 2021, of which the GFA under management was approximately 44.9 million sq.m., an increase of approximately 30.6% as compared with the same period last year, serving as proof that the Group's management scale has reached a new level. During the period, the Group's GFA under management from third-party developers increased to 63.0%, representing an increase of 3.6 percentage points as compared with the same period of last year.External expansion continues at rapid pace, demonstrates tending capabilitiesDuring the review period, the Group gave play to the advantage of Nanjing "home city" to expand the development tracks of urban services. The Group continued to develop service projects in Taishan Street, Jiangbei New District, Nanjing and Xigang Street, Qixia District, Nanjing. Continuously penetrating the sector of logistics management services for expressways, the Group cooperated with Hubei United Transportation Investment Co., Ltd. to provide logistics services such as cleaning environment, order maintenance and engineering maintenance for its 12 stations including Wuhan Heping-Zuoling Expressway. Leveraging its reputation and courteous and customized professional services provided during the epidemic in Shanghai, the Group successfully obtained the Shanghai Henlius Industrial Park Project through market-oriented bidding expansion to provide property management services for large-scale pharmaceutical enterprisesAdhering to integrity and innovation to promote high-quality developmentIn 2022, the Group insisted to think everything from the customers' perspective and explore future demand of customers. It has upgraded the Redsun Mode 2.0 to establish "five good services" with basic service quality as the focus, which further solidified our basic service quality. The "Redsun Housekeeper" service products under this model have now been launched in full swing in the Group. The Group's organizational efficiency has been continuously improved and its efforts to enhance quality and efficacy have achieved a satisfactory outcome.In addition, focusing on customers' needs and advantageous areas of property management enterprises, the Group constantly diversified the community living service ecosystem and built up professional service capabilities. It integrated premium supplier resources and continuously penetrated deeply into various segments of business including Redsun community resources value-added services, Redsun Property Decoration Centre, and Hong Life Rental & Sales Centre. While extending the professional values of the Group, Redsun Services has also upgraded the value of assets and community spaces for property owners. At the same time, in compliance with the boost of "intelligent empowerment", the Group actively promoted digital construction and carried out smart upgrades, where it continuously iterated and upgraded the "Hongtu panoramic smart data platform", "management and control platform of all-dimensional plan", "Hongzhi Cloud Monitor" and "online management and control platform of investment and development", for the purpose of enhancing management efficiency while controlling operation costs.In the future, Redsun Services will continue to adhere to the high-quality and steady development strategies. With the support of comprehensive improvement in the organizational and cultural ability of talents, the Group will enhance its professional, standardized, high-quality, systematic service operational capabilities as well as service design and innovative capabilities, so that it can create excellent comprehensive servicing capabilities in the all-round development of "space + scenario" operational capabilities, and take this as the basis for building its healthy and sustainable development capabilities to realize the long-term value of the Group.About Redsun Services Group LimitedEstablished in Nanjing in 2003, Redsun Services Group Limited is a fast-growing comprehensive community service provider focusing on the Yangtze River Delta. With a vision of "making lives warmer," the Group has provided and endeavors to continue to "provide customers with high-quality services with sincerity" to better serve its customers. The Group has established the regional leading position in the property management market of Jiangsu province and is well-recognized nationwide. The Group was recognized as one of the Top 100 Property Management Companies by CIA for four consecutive years since 2017 and ranked 18th among the 2022 Top 100 Property Management Companies in terms of overall strength. In December 2020, the Group was included by FTSE Russell in the FTSE Global Micro-Cap Index. In 2021, the Group was selected as a constituent of the Hang Seng Property Service and Management Index. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)