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Deutsche Post DHL Group and SF Holding conclude landmark supply chain deal

RMB 5.5 billion (~ EUR 700 million) transaction saw DPDHL Group and SF Holding enter a 10-year strategic partnership to grow supply chain operations in ChinaYin Zou named CEO of the co-branded business to accelerate expansion of customer base   SHANGHAI, CHINA - Media OutReach - February 18, 2019 - Deutsche Post DHL Group ("DPDHL Group"), the world's leading mail and logistics company, has concluded the landmark deal to transfer its supply chain operations in Mainland China, Hong Kong and Macau, herein after referred to as "China" to SF Holding ("SF"), a leading premium logistics service provider in the country. The transaction involves the supply chain business, and has no bearing on DPDHL Group's business activities in international express, freight transport and e-commerce logistics solutions in China.   As part of this transaction, DPDHL Group received RMB 5.5 billion (~ EUR 700 million), and will continue to receive revenue-based partnership fees for 10 years while DPDHL Group provides the co-branded business with trademark license, customer referral, employee training, best practice sharing and other areas of support. The co-branded business -- SF DHL Supply Chain China -- was announced at the deal closing, and Yin Zou (former CEO, Greater China of DHL Supply Chain) was appointed CEO of the organization, and along with his existing management team, will continue leading the business. Headquartered in Shanghai, SF DHL Supply Chain China will harness DPDHL Group's best-in-class supply chain services, management expertise, transportation and warehousing technology, combined with SF's extensive domestic infrastructure, distribution network and broad base of local customers, to drive its growth trajectory.   "This supply chain alliance with SF is a strategic milestone for DPDHL Group. With our joint capabilities we will create a unique platform to meet the need for a high quality end-to-end supply chain provider in China. SF ......read more

Kerry Logistics Announces Joint Venture with E-Services Group to Strengthen Global E-commerce Fulfillment Capabilities

HONG KONG, CHINA - Media OutReach - 18 February 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) announces a new joint venture with E-Services Group ('ESG'), an international e-commerce company in Asia, to strengthen global e-commerce fulfillment capabilities, especially in the Greater China region. The joint venture, Kerry ESG (HK) Company Limited ('Kerry ESG'), will combine Kerry Logistics' global supply chain capabilities with ESG's technology platform, global marketplace networks, and e-commerce expertise to offer etailers cost-efficient solutions internationally.   Kerry ESG, set to debut in March 2019, aims to become one of the leaders in global e-commerce fulfillment solutions, enabling etailers to deliver products to customers anywhere in the world quickly and cost-effectively. Through direct integration with leading shopping carts and global marketplaces, etailers using Kerry ESG's services will be able to seamlessly manage their order fulfillment, inventory, and returns to and from multiple logistics centres through one platform.   William Ma, Group Managing Director of Kerry Logistics, said, "We are thrilled about the growth opportunities in global e-commerce. With Kerry ESG, we are creating a unique platform with total solutions from upstream marketing to downstream logistics that will capitalise on the booming international marketplace model to facilitate the exports for our international brand customers. Combining forces as industry leaders, Kerry Logistics and ESG are well-positioned to unlock the potential in the market with this new joint venture."   Alan Lim, Founder and CEO of ESG, said, "Winning at e-commerce means getting every piece of the puzzle right, and fast, reliable fulfillment is a critical component of success. This partnership gives etailers access to an extensive distribution network to support e-commerce fulfillment in every market and with every online ......read more

Mamee-Double Decker to Move KL Office to Colony @ Mutiara Damansara

Move is part of a push for snacks company to attract and retain the best talent as it continues to grow aggressively. KUALA LUMPUR, MALAYSIA - Media OutReach - 18 February 2019 - Mamee-Double Decker (M) Sdn Bhd, Malaysia's largest  snack company is moving its KL office to luxury coworking space and serviced office provider Colony. The move will see the company's employees in KL take up office at the upcoming Colony @ Mutiara Damansara that opens in July 2019.   The new 19,000 square feet coworking space is Colony's first foray into Selangor. Colony @ Mutiara Damansara is located at KYM Tower, a new Grade A, Green Building Index Gold Certified and MSC Status building located just 5 minutes walk from the Curve.   "We're looking forward to moving into the best coworking space experience in Asia. We hope this sends a signal to everyone that we are committed about having a great working environment for our team in our pursuit for talent", said Pierre Pang Deputy GM of Mamee Double-Decker.   Originally from Malacca, the 48 year old snack company has grown today to be a household name with brands such as Mister Potato, Mamee Monster and Mamee Chef. Its products are exported to over 100 countries around the world. Colony's CEO Timothy Tiah announced, "Having growing up with Mamee products myself, it's truly a dream for us to be able to have Mamee in Colony. However we know that this journey is just the beginning. It's our job to make sure we give everyone in Mamee a great experience, so that more established companies just like it will consider the Colony experience for its employees".   Colony's latest deal with Mamee-Double Decker marks its second largest deal that has been announced to date. Last year it announced that it closed a RM5.6 million anchor tenant deal for its second location, Colony @ Eco City. The company has been on an expansion path since it took investment from private equity fund Cornerstone Partners a ......read more

Palace Banquet Holdings Limited Ltd. Trading Debut Closed at HK$0.61 Per Share with an Increase of Around 22% as Compared to The Final Offer Price

HONG KONG, CHINA - Media OutReach - 15 February 2019 - Palace Banquet Holdings Limited ("Palace Banquet", together with its subsidiaries, the "Group"; stock code: 1703),a full-service restaurant group in Hong Kong offering Cantonese dining service and banquet service, announces its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.    The closing price of Palace Banquet's shares was HK$0.61 per share, which was approximately 22% higher than the final offer price of HK$0.50 per share. The highest share price of the day was HK$0.69 per share. On its first trading day, trading volume of the shares of Palace Banquet reached approximately 240 million with a total turnover of approximately HK$146 million.   Shenwan Hongyuan Capital (H.K.) Limited is the Sole Sponsor. Shenwan Hongyuan Capital (H.K.) Limited and Opus Capital Limited are the Joint Global Coordinators. Shenwan Hongyuan Capital (H.K.) Limited, Opus Capital Limited and Haitong International Securities Company Limited are the Joint Bookrunners and Joint Lead Managers. Elstone Securities Limited and Great Roc Capital Securities Limited are the Co-Lead Managers.   Commenting on the trading debut, Mr. Chan Shou Ming, Chairman and Executive Director of Palace Banquet Holdings Limited, said, "The successful listing of the Company's share on the Main Board of SEHK is a proof of investors' confidence in the development and future prospects of our business. On this international financing platform, we are confident to further enhance our brand recognition and to capture greater market share in catering market in Hong Kong." About the Group Palace Banquet Holdings Limited is a full-service restaurant group in Hong Kong offering Cantonese dining service and banquet service, including one-stop wedding banquet service. Currently, the Group operates 20 Chinese restaurants under two brand names, namely "Palace (??)" and "Royal C ......read more

Kaplan Learning Institute to enter into unique collaboration with Metis in the acceleration of technical skills for Data Scientists

SINGAPORE - Media OutReach - 15 February 2019 - Kaplan Learning Institute (KLI), one of Singapore's leading corporate training providers, and Metis, a leading provider of data science skills training for individuals and businesses, today officially announced the launch of the Metis Data Science Bootcamp @ Kaplan. The collaboration sees KLI bringing a local perspective to Metis' highly successful bootcamp that runs in the United States (US). Launched by Kaplan Inc. in the US, in 2014, Metis is accredited by the Accrediting Council for Continuing Education and Training (ACCET), an agency recognised by the US Department of Education. To be accredited by ACCET, high levels of standards are set, which include demanding review and approval of curriculum, instructional personnel, instructional delivery, and admissions and student services. All Metis bootcamps are designed and taught by data science practitioners. Its alumni in the US have gone on to work at top companies including IBM, Spotify, Facebook, Deloitte, Apple, and many more.The Metis Data Science Bootcamp @ Kaplan, in Singapore, will allow participants to equip themselves with tech skills in data science tools such as the Python coding environment, Machine Learning, interactive data visualisation and other modern big data tools and architecture. Conducted over a period of 12 weeks, participants in the bootcamp will complete five projects that can be included in their professional portfolio to demonstrate their ability to design, implement and communicate the results of data science projects for business usage, which is a highly-sought after skillset in data science professionals. Upon successful completion of the bootcamp, graduates will receive a Metis Certificate of Completion and transcript, recognised on an equal merit to those received by the bootcamp participants in the US.Supported by both the Infocomm Media Development Authority of Singapore (IMDA) Tech Skills Accelerator (TeSA) Tech Immersion ......read more

Palace Banquet Holdings Limited announces its subscription results

Recorded approximately 16.68 times of over-subscription for its Hong Kong public offering HONG KONG, CHINA - Media OutReach - 14 February 2019 - Palace Banquet Holdings Limited ("Palace Banquet", together with its subsidiaries, the "Group"; stock code: 1703),a full-service restaurant group in Hong Kong offering Cantonese dining service and banquet service, announced the subscription results for its shares (the "Shares") under the Hong Kong public offering (the "Public Offer") and international placing (the "Placing",collectively, the "Share Offer"). The Shares under the Public Offer have been over-subscribed by approximately 16.68 times. The offer price per Share has been set at HK$0.5 per Share. Dealings in the Shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") is expected to commence on 15 February 2019 (Friday).   Due to the over-subscription in the Public Offer, the re-allocation procedures have been applied. A total number of 30,000,000 Shares under the Placing have been re-allocated to the Public Offer, so that the total number of Shares available under the Public Offer has been increased to 60,000,000 Shares, representing 20% of the total number of the offer Shares available under the Share Offer. Based on the final offer price of HK$0.5 per Share, the net proceeds from the Share Offer to be received by the Company (after deducting underwriting fees and estimated expenses in connection with the Share Offer) is estimated to be approximately HK$91.7 million.   Palace Banquet intends to use these net proceeds for the following purposes: 1) approximately 76.1% for expanding its restaurant network and geographic coverage by opening eight new restaurants in Hong Kong by the year ending 31 March 2021; 2) approximately 14.1% for renovation of its existing restaurants; 3) ......read more

Sunlight Real Estate Investment Trust (“Sunlight REIT”) Interim Results for the Six Months Ended 31 December 2018

HONG KONG, CHINA - Media OutReach - 14 February 2019 - Henderson Sunlight Asset Management Limited (the "Manager") is pleased to announce the interim results of Sunlight REIT for the six months ended 31 December 2018 (the "Reporting Period"). Sunlight REIT continued to make healthy progress during the Reporting Period, as revenue and net property income ("NPI") registered 6.4% and 9.2% year-on-year ("YoY") growth to HK$424.9 million and HK$338.7 million respectively. Improvement in passing rent and initial contribution from The Harvest (formerly Fung Shun Commercial Building) were the main drivers behind this performance. Distributable income rose 8.2% YoY to HK$231.6 million. The Board has resolved to declare an interim distribution per unit of HK 13.2 cents, representing a payout ratio of 93.9% and an increase of 4.8% YoY. The portfolio of Sunlight REIT was appraised at HK$19,452.5 million at 31 December 2018, up 3.7% from 30 June 2018. Meanwhile, its net assets grew 4.2% to HK$15,476.3 million, which translates to a net asset value of HK$9.40 per unit. Operating Highlights The overall occupancy of Sunlight REIT's portfolio was 96.7% at 31 December 2018 (30 June 2018: 98.2%).  Office occupancy was 95.7% (30 June 2018: 97.8%), a slight decline mainly attributable to the higher vacancies recorded at Bonham Trade Centre in preparation for the upcoming asset enhancement, and at The Harvest upon expiry of the sale and lease back arrangement for the office portion with the previous owner. The retail portfolio maintained a satisfactory occupancy rate of 98.9% (30 June 2018: 99.2%). Passing rent of office and retail portfolio rose 2.7% and 2.0% from six months ago to HK$34.7 per sq. ft. and HK$75.4 per sq. ft. respectively. Underpinned by an upsurge in office rents in decentralized areas and a decent rebound in visitor arrivals from China, Sunlight REIT achieved an overall rental reversion of 10.6% during the Reporting Period. In particular, the to ......read more

DHL Global Connectedness Index: United Arab Emirates becomes world’s fifth most connected country as globalization hits record high

The UAE rose five places on the Index to rank fifth in the world after The Netherlands, Singapore, Switzerland and BelgiumThe Middle East and North Africa is world's third most globally-connected region after Europe and North America   DUBAI, UAE - Media OutReach - February 14, 2019 - DHL has released the fifth edition of the DHL Global Connectedness Index (GCI) -- a detailed analysis of globalization, measured by international flows of trade, capital, information and people.   The latest edition of the GCI saw the United Arab Emirates (UAE) surge to fifth place in the world for global connectedness. The country's rank stood at 18th in 2004. It entered the top 10 in 2012 (ranking 9th), and continued rising all the way to its present 5th position, a record rank for the country and the highest rank achieved yet by a country from the Middle East and North Africa region. The UAE has proactively supported connectedness by, for example, fostering vibrant activity in free trade zones such as the Abu Dhabi Airports Free Zone (ADAFZ) that focus on non-oil products as part of the government's economic diversification strategy. Israel, Bahrain, Mauritius, Qatar, Saudi Arabia, Seychelles and Lebanon all made it into the Index's Top 50, while Sub-Saharan African countries like Nigeria, Sierra Leone and Guinea on the West African coastline showed remarkable improvements in connectivity.   The 2018 index measures the current state of globalization, as well as individual rankings for each country, based on the depth (intensity of international flows) and breadth (geographical distribution of flows) of countries' international connections. The world's top five most globally connected countries in 2017 were the Netherlands, Singapore, Switzerland, Belgium and the United Arab Emirates. Middle East and North Africa is the world's third-most connected region, behind Europe and North America.   "While oil exports continue to underpin the Emirate ......read more

DHL Global Connectedness Index: Southeast Asian nations beat expectations as globalization hits new record high

Of the five countries to exceed expectations in international flows by the widest margin, four come from Asia: Cambodia, Malaysia, Singapore and VietnamSingapore is the world's second most connected country after The Netherlands and the only Asia Pacific country in the Top 10 ranking   SINGAPORE - Media OutReach - February 14, 2019 - DHL has released the fifth edition of the DHL Global Connectedness Index (GCI) -- a detailed analysis of globalization, measured by international flows of trade, capital, information and people.   The latest edition of the GCI saw Southeast Asian nations Cambodia, Malaysia, Singapore and Vietnam beat expectations by the widest margin, reflecting improved supply chain networks within the region and ASEAN policy initiatives promoting economic integration. Singapore also remains the world's second most connected country, being the only Asia Pacific country to feature in the Top 10 ranking. Myanmar experienced the biggest improvement, jumping 23 spots to 133rd position. Hong Kong retains its second place behind Singapore on the depth dimension of the Index, which measures the proportion of overall physical, intellectual and human capital that crosses national borders; while Japan and South Korea continue to rank amongst the top 5 in global breadth of the same flows.   "While the results for Singapore, Hong Kong and the North Asian powerhouses of Japan and South Korea bring few surprises, the Index highlights just how rapidly Southeast Asia is plugging into the global economy. The establishment of the ASEAN Economic Community in late 2015 appears to have brought significant improvements to trade flows, particularly with reductions in trade tariffs and better access to ports and logistic hubs,[1]" said Ken Lee, CEO, DHL Express Asia Pacific. "The outperformance of emerging markets like Cambodia and Vietnam, coupled with Malaysia's outpacing of expectations in the face of local economic uncertainty, su ......read more

DHL Global Forwarding appoints Fabian Rybka to head Bangladesh and Sri Lanka operations

Rybka takes overarching responsibility for growth and expansion in Bangladesh and Sri Lanka, as well as management of DHL partners in Bhutan, Nepal, and the MaldivesNew appointment taps Rybka's long history of promoting growth and executing business turnarounds in Asia and Europe   SINGAPORE - Media OutReach - February 14, 2019 - DHL Global Forwarding, the leading international provider of air, sea and road freight services, has appointed Fabian Rybka as Cluster Head for DHL Global Forwarding's operations in Bangladesh and Sri Lanka, along with partner operations in Bhutan, Nepal and the Maldives.   Rybka brings to the role more than 10 years of experience at DHL Global Forwarding in both Asia and Europe, serving most recently as Head of Business Strategy and Development for DHL Global Forwarding ASEAN and South Asia, where he spearheaded successful growth initiatives in Bangladesh and Sri Lanka amongst other markets. Previous roles saw him specialize in designing and executing growth plans for DHL Global Forwarding's high-potential markets including Italy, India, Singapore, Bangladesh, Indonesia and the Philippines, as well as key operations in European markets.   "Fabian has built up a formidable track record for turning even the most challenging business situations into environments of high growth and customer satisfaction," said Thomas Tieber, CEO, DHL Global Forwarding ASEAN and South Asia. "He has already proven that ability in guiding our teams in Bangladesh and Sri Lanka to significant results while understanding the nuances of the local market operations. I can think of no better individual to lead these growth markets and further build on our strong market position."   In the new role, Rybka will apply his extensive business development expertise to further boost productivity and expand DHL Global Forwarding's range of services in the markets under his leadership, focusing particularly on developing key prod ......read more

CUHK Business School Research Offers Insights on How the US-China Trade Dispute Will Move Forward

Why the United States went from 19th-century violator to champion of intellectual property rights may show how the trade dispute with China will move forward  HONG KONG, CHINA - Media OutReach - 14 February 2019 - There is growing uncertainty about how recent trade disputes between the United States and China will be resolved -- and how it could affect the rest of the world.   However, academics from The Chinese University of Hong Kong (CUHK) Business School, City University of New York, and the University of Texas at Dallas in the United States -- who previously looked at the two countries' global trading history and relationship -- believe they can provide valuable insights into the possible outcome.   In November 2018, the trade dispute was halted -- at least for 90 days -- to allow for more talks. China's President Xi Jinping and U.S. President Donald Trump agreed to the move on December 1 in Buenos Aires -- at the end of the G20 summit of leaders and central bank governors from 19 countries and the European Union -- in their first talks since the trade dispute started. Representatives from the two nations held two days of talks at the end of January 2019, with the United States side saying they were considering a trip to Beijing in early February, after the Lunar New Year, to resume negotiations. However, the trip was ruled out by Donald Trump.   The halt to the dispute came after G20 leaders agreed a joint declaration that noted international trade divisions -- including one between Beijing and Washington involving intellectual property rights (IPR).   "Given the scope and scale of potential IPR violations in China, the U.S. has frequently sought better IPR protection in China and has been frustrated by the lack of progress, in spite of recent improvements," said David Ahlstrom, Professor of Department of Management at CUHK Business School, referring to his study entitled History and the Debate Over Intellec ......read more

Legend FC poised to grow mixed martial arts in China

Key global partners include Audie Attar, President of Paradigm Sports Management and Malaysia’s Berjaya Assets Bhd HONG KONG, CHINA - Media OutReach - 14 February 2019 - Legend Fighting Championship, a pioneer of mixed martial arts in Asia, is pleased to announce two strategic partners have joined its board ahead of the organisation's plans to expand into the Greater China region.   Audie Attar, President of Paradigm Sports Management, has joined Legend FC as a founding board member and will play a pivotal role in the business as Legend FC continues to further the reach of MMA across Asia. Attar and his firm, Paradigm Sports Management, headquartered in Irvine CA, represents more than 40 of the world's leading athletes across the NFL, Bellator and UFC, including some of the most iconic names in MMA from Conor McGregor to China's Li Jingliang, Michael Bisping, Cris Cyborg, Tony Ferguson and Megan Anderson. Over his 15 years in sports management Attar has negotiated the highest purses and endorsement deals in MMA history and was co-promoter of the historic McGregor vs. Mayweather mega-fight in Las Vegas. Legend FC is also pleased to welcome Berjaya Assets Bhd, an associate of Berjaya Group of Companies, one of Malaysia's largest conglomerates, as a strategic investor in the MMA promotion. Berjaya Asset's business segments are gaming and related activities, property development and property investment, and recreation. Berjaya's major shareholder owns some of the world's largest sports assets and will bring a wealth of experience from its management of Cardiff City Football Club, FK Sarajevo, KV Kortrijk and co-ownership of Los Angeles FC. "When people think of the origins of MMA in the Asia-Pacific region they immediately think of the Legend FC brand," said Audie Attar, President of Paradigm Sports Management.   "Legend FC is a pioneer of mixed martial arts and together we will chart a new and exciting course for the sport. ......read more

Reach Travel Trade & Affluent FIT from World’s Major Markets in ITE, Hong Kong’s only travel fair

SYDNEY, AUSTRALIA - Media OutReach - 14 February 2019 - Big with quality, Hong Kong rank World's Tenth largest market by total outbound spending in 2016 and among these top markets First by per capita spending; and Australia's 9th largest source market from where came over 300,000 inbound in the year ended November 2018!  With only 7.4 million people, Hong Kong spent US$25.5 billion on outbound in 2017, up 5.8%!   Highly international, 87% of ITE's 666 exhibitors from abroad and over half of the 50 exhibiting countries and regions including mainland China from outside Asia.   Requiring registration for admission, the two trade days of ITE 2018 drew 12460 buyers and visitors of whom 6580 from travel agents and 2567 MICE; geographically 9000 from Hong Kong and over 2600 from mainland China particularly from Guangdong.   With a cumulative GDP of US$1.69 trillion and 68 million people, the Greater Bay Area which ITE well covers, consists of Hong Kong, Macau, Guangzhou, Shenzhen and a total of 9 major Guangdong cities where came some 2000 of ITE's buyers and trade visitors.   FIT dominate Hong Kong outbound as prefer by 84% of ITE's 90000 public visitors; grow fast in China and in 2019 accounting for some 50% of Chinese arrivals to France, say!   Of ITE's over 90000 public visitors, 84% travel in FIT! They are highly educated (42% university, another 34% post-secondary); accessible to both local and foreign sellers as over 60% online booking directly with suppliers and 63% make booking in ITE; and 19% will join "local" tours at destination! In short, with good income and love traveling!   Collected some 4000 replies, ITE2018 surveys found high interest in various in-depth and travel themes -- for examples trade visitors on Study Tour (28%) and Overseas Wedding (21%); and public visitors in Eco-tourism (35%) and Sport Tourism (23%)! Australia has plenty to offer!   ITE offers exhibitors B2B an ......read more

YouTrip assists the Singapore Police Force to Uncover Credit Card Fraud

SINGAPORE - Media OutReach - February 13, 2019 - Multi-currency mobile wallet, YouTrip, has taken a stand against financial fraud by assisting the Singapore Police Force in uncovering a case of syndicated credit card fraud.   Over 85 fraudulent credit card transactions were flagged by YouTrip's Fraud Monitoring System. The Singapore Police Force has arrested and charged 4 individuals with syndicated credit card fraud with another 15 individuals currently under investigation for related offences.   Investigating & tracing transaction patterns using Data Analytics Throughout late December and January, YouTrip's Fraud Monitoring System, which traces and detects early signals of suspicious transactions, flagged two key signals:   Signal 1: High top-up amount followed by immediate purchases or cash withdrawals to deplete the account balanceSignal 2: High frequency of failed top-ups with incorrect credit/debit card credentials   The combination of these two key signals and various data analytics techniques led to the identification of a specific group of users who exhibited both of such behaviours.   A special task force made up of Fraud Monitoring specialists and Engineers was immediately set up to further uncover more transactions and usage signals that have a high correlation to potentially fraudulent activities. These include concentration on common merchant names (e.g. overseas ATM locations), common transaction locations, chargebacks and reports from members of the general public.   YouTrip handed over conclusive findings to the police to expedite investigations. This information included 18 individuals suspected of fraudulently obtaining information on more than 85 bank credit or debit cards to top up YouTrip accounts. These accounts were immediately suspended.   Enhancing our security measures While investigations were underway, YouTrip rolled out a security update last week that require ......read more

Novus Delivers Industry Record Results and Technical Excellence

HONG KONG, CHINA - Media OutReach - 13 February 2019 - Yanchang Petroleum International Limited ("Yanchang Petroleum International" or the "Company"; stock code: 00346), is pleased to announce that its wholly owned subsidiary, Novus Energy Inc. ("Novus"), which explores for, develops and produces crude oil and natural gas in Saskatchewan and Alberta in Canada, continues to deliver industry record results and achieve technical excellence.  Novus was recognized by Smith Bits, a Schlumberger company, for record drill times and footage in developing new Mannville zone play within its major operational areas, with 1,245 meters drilled in total and the overall rate of penetration achieving 37.2 meters per hour.   Mr. Bruno Deruyck, Chief Executive Officer and Executive Director of Yanchang Petroleum International said, "Novus team dedicate themselves to improving drilling and completion efficiency. By doing so, we are making the best of our foot print in the Saskatchewan and Alberta resource play and maximize value for Yanchang International shareholders."   About Yanchang Petroleum International (stock code: 00346) Yanchang Petroleum International is principally engaged in the following activities (i) exploration, exploitation and operation of oil and gas; and (ii) fuel oil trading and distribution. In its upstream operations, Yanchang Petroleum International possesses operating oilfields in Saskatchewan and Alberta, Canada, through its wholly owned subsidiary Novus, a Canadian enterprise. Novus engages in the business of acquiring, exploring for, developing and producing crude oil and natural gas. In its downstream operations, Yanchang Petroleum International is principally engaged in wholesale, retail, storage and transportation of oil products through its 70% owned subsidiary, Henan Yanchang Petroleum Sales Co., Limited, and which has been granted valid licenses for distribution and sales of oil products in China.   For details, please ref ......read more

Milipol Asia-Pacific, the region’s leading international event for homeland security, returns for its 8th edition

SINGAPORE - Media OutReach - February 13, 2019 - Milipol Asia-Pacific 2019 returns to the Sands Expo and Convention Centre from the 2nd to 4th April. Jointly supported by the Ministry of Home Affairs Singapore and the Ministry of Interior of France, this year's show will be the largest show-to-date with over 350 exhibitors and nine National Pavilions across 40 countries. The global homeland security threat is real and imminent. As part of this year's objective to showcase; and create public awareness and outreach, Milipol Asia-Pacific 2019 will be organising a special three day conference to gather leading experts, professionals and academia on this dynamic subject. The topics include overviews of the current regional terrorist threat landscape, transnational crime such as the war-on-drugs, and how international agencies can collaborate together with the increasing use of new technology and innovation to counter and combat crimes. Ultimately, a strong and robust security consciousness is critical in the fight against terror threats. From authentication and enhanced access control; to the latest on cutting-edge surveillance and video analytics; the application of Information Technology and data protection in public and private sectors; weapon systems, drones and the use of robotics as well as innovative anti-terrorism measures and counter-measures, Milipol Asia-Pacific 2019 serves as the established platform to engage and to promote cooperation across diverse stakeholders. Conference Highlights This year's Conference theme, A Collaborative Response to Criminal Innovation, will focus on the immediate and future challenges faced by government security forces ranging from organised crime to regional terrorism. This landmark conference will be chaired by Mr Khoo Boon Hui, former Commissioner of the Singapore Police Force and ex-President of INTERPOL. Mr Khoo is an advisor to INTERPOL and is also a Senior Fellow at Singapore's Civil Service C ......read more

Piction Network Builds New Bridges For Today’s Digital Natives

By championing the work of creatives, Piction Network will democratize online content creation, eliminating the middleman and connecting creators directly with usersPiction Network to disrupt the content creation industry with favourable intellectual property rights for content creatorsPiction has formed partnerships with Klaytn, Afreeca TV, Flitto, Sandbox Network and Coinplug, and already has a network of 35 million users SHANGHAI, CHINA - Media OutReach - 13 February 2019 - The volume of the entire digital content market is expected to reach 1,982 Million USD in 2019, with an annual growth of over 10%. As the market for digital content continues to grow in the fourth industrial revolution, media industry leaders with immense influence threatens to diminish opportunities available for young content creators to make a name for themselves. The rise of free-to-air content on established digital platforms also puts young content creators in a difficult economic spot. Original creative works are pitched and sold at low market prices, and creative copyrights are reluctantly handed over in unfavourable service agreements, disempowering the aspiring creative professionals. The Piction Network Solution The Piction Network ecosystem recognises and solves this problem by harnessing the architectural power of blockchain. Content creators can raise the needed funds directly from the Piction community. Community members, in turn, too can participate as supporters, translators, influencers and consumers. Funds raised through the Piction Network blockchains are equitably and transparently distributed directly to content creators. More significantly, content copyright ownership remain exclusively in the hands of content creators being registered and untampered on the blockchain. The Piction Network serves as the community platform that connects creators and communities together. Industry monopolies and unfavourable creative intellectual pro ......read more

EFT Solutions announces FY2019 9-month results

Revenue and profit increased by 35.8% and 53.8% respectively  Financial Highlights   9 months ended 31 December HK$ million 2018 2017 Change Revenue 94.1 69.3 35.8% Gross profit 47.7 36.4 31.0% Profit for the period 18.3 11.9 53.8% Profit attributable to the owners of the Company 14.0 11.9 17.6% Basic earnings per share (HK cents) 2.91 2.47 17.8%     HONG KONG, CHINA - Media OutReach - 13 February 2019 - EFT Solutions Holdings Limited ("the Company", together with its subsidiaries, the "Group"; Stock Code: 8062) announced its first nine-month results. For the nine months ended 31 December 2018 ("The Reporting Period"), the Group recorded revenue of approximately HK$94.1 million which represented an increase of approximately 35.8% as compared with approximately HK$69.3 million in the corresponding period in 2017. During the reporting period, the Group recorded profit of approximately HK$18.3 million, which represented an increase of approximately 53.8% on a period-to-period basis. It was mainly due to the increase in the sourcing of EFT-POS terminals and peripheral devices.   Business Review   During the Reporting Period, the Group successfully entered into the market of POS software solution and the embedded system solution services, which enable us to enlarge the market share of the software solution business and to explore more business opportunities in payment solutions.   For sourcing of EFT-POS terminals and peripheral devices, revenue of approximately HK$31.1 million was recognised for Reporting Period which represented a significant increase of approximately 81.9% as compared to HK$17.1 million in the corresponding period in 2017 due to increase in number of EFT ......read more

Define:Food To Serve Up Elevated Dining Experience At Luxury Coworking Space, Colony

Multi-award winning celebrity chef Malcolm Goh and restaurateur Ryan Yeoh team up with entrepreneur Timothy Tiah to serve up modern European cuisines at Colony’s latest flagship project in Star Boulevard, Jalan Yap Kwan Seng. KUALA LUMPUR, MALAYSIA - Media OutReach - 13 February 2019 - This May, the Define Food Group will be opening its doors at Colony's fourth and largest coworking space to date. The space will mark Colony's flagship endeavour in Kuala Lumpur, housing 250 guests at over 35,000 sq ft.   Anchoring around breathtaking floor-to-ceiling views of vibrant KL city, Colony will take over Star Boulevard KLCC's penthouse and its 12,000 sq ft rooftop garden. This flagship will feature a 2-storey high ceiling coworking space accompanied by a lush rooftop event space, where guests can mingle in lush greenery with events held against the backdrop of the soaring Petronas Twin Towers.   The second Define:Food outlet will take up 2,000 sq ft of the space to offer guests with refined comfort food at affordable price points in an ambient setting.   The restaurant will serve its signature menu items, such as the Carbonara, Wagyu Bolognese, Salt Beef Reuben Sandwich, Truffled Eggs and Wagyu Sirloin Steak; as well as some soon-to-be unveiled new items perfect for the working crowd.   "The menu pays homage to classic European cooking, but we try to add a Define:Food touch to everything we do" said chef Malcolm Goh. "We hope to create meals that are simple and satisfying."   Goh is a true culinary artist of 15 years and counting, and started his career honing his skills at top hotel restaurants such as Ritz-Carlton Kuala Lumpur, Le Meridien Kuala Lumpur and Sheraton Imperial Kuala Lumpur. Throughout his chef career, he has represented Malaysia in various culinary competitions around the world, earning himself noteworthy awards.   On top of being a chef, he is a TV star, starring in culinary productions like Asian Food Channe ......read more

Kerry Logistics Forms MeatLab with Sutherland

To Establish Hong Kong’s First One-stop Meat Processing Plant HONG KONG, CHINA - Media OutReach - 12 February 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK), today announced the establishment of MeatLab, a new joint venture with Sutherland Company Limited ('Sutherland'), one of the leading luxury meat purveyors in Hong Kong and Macau. The strategic partnership will allow Kerry Logistics to combine its cold chain logistics expertise with Sutherland's professional know-how in the meat industry to establish Hong Kong's first world-class semi-automated meat processing plant, as well as to further extend its F&B logistics and trading business upstream the supply chain.   MeatLab is one of its kind in Hong Kong in terms of scale and extent of automation, featuring semi-automated production lines in a 30,000-sq ft facility with meat processing capacity of 1,500 tonnes per month, which amalgamates the meat processing operation under one roof to enhance cost-efficiency and maximise economies of scale. With the use of skin packaging and modified atmosphere packaging (MAP) technology, it is able to extend the shelf life of meat products and preserve peak freshness. On course to be accredited with ISO22000, HACCP, British Retail Consortium (BRC), Organic, and HALAL certifications, MeatLab is set up in compliance with the global traceability standard to ensure optimal food safety and quality assurance across the product spectrum.   Samuel Lau, Deputy Managing Director - Integrated Logistics of Kerry Logistics, said, "Sutherland has been our valued customer for decades. We are very excited to take our partnership to another level. This strategic collaboration is part of our long-term development strategy to deepen our cold chain business, from upstream meat processing, to F&B trading to logistics and final delivery to end-users. MeatLab strives to be a regional pioneer in bringing revolution ......read more



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