ACN Newswire: latest releases

News releases provided by ACN Newswire - Asia Corporate News Network ACN Newswire - Asia Corporate News Network.

Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million

Retrieved on: 
Friday, December 2, 2022

TORONTO, ON, Dec 3, 2022 - (ACN Newswire) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.

Key Points: 
  • TORONTO, ON, Dec 3, 2022 - (ACN Newswire) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.
  • In addition, the Company's non-brokered flow-through unit financing ("FT Units") to be issued at unit price ("FT Unit Price") remains unchanged.
  • Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation.
  • A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland.

Malaysian Investors take part in Indonesia Investment Forum in Penang

Retrieved on: 
Friday, December 2, 2022

PENANG, Malaysia, Dec 2, 2022 - (ACN Newswire) - A total of 95 Malaysian investors took part in the Indonesia Investment Forum which was co-organized by the Ministry of Investment/Investment Coordinating Board (BKPM) of Republic of Indonesia and the Consulate General of the Republic of Indonesia (KJRI) Penang in Penang, Malaysia, Tuesday.

Key Points: 
  • PENANG, Malaysia, Dec 2, 2022 - (ACN Newswire) - A total of 95 Malaysian investors took part in the Indonesia Investment Forum which was co-organized by the Ministry of Investment/Investment Coordinating Board (BKPM) of Republic of Indonesia and the Consulate General of the Republic of Indonesia (KJRI) Penang in Penang, Malaysia, Tuesday.
  • "Therefore, we have come here to directly meet and talk to the investors about the potentials," said Saribua.
  • Malaysia is among the top 10 investors in Indonesia, with investment over the last 5 years (2017-2021) reaching US$ 6.76 billion.
  • Penang was chosen as the location for the event because the city is a manufacturing hub in Malaysia, hosting Excellence in Industry 4.0 through which it is expected to increase awareness and interest of Malaysian investors in investment opportunities in Indonesia.

Revealing crystal structures robotically

Retrieved on: 
Friday, December 2, 2022

Machine learning and robotic process automation combine to speed up and simplify a process used to determine crystal structures.

Key Points: 
  • Machine learning and robotic process automation combine to speed up and simplify a process used to determine crystal structures.
  • This is a powerful and widely used process for revealing the three-dimensional atomic structure of new materials.
  • The researchers verified the accuracy of their procedure by analysing samples of powdered compounds whose crystal structures are already known.
  • The researchers are now working to further refine their procedure to make it suitable for more complex crystal structures.

Entrepreneur Day and Start-up Express help innovators adapt to the post-pandemic era

Retrieved on: 
Friday, December 2, 2022

The three-day E-Day ran from 30 November to today and included the debut of the Start-up Express International entrepreneurship development programme.

Key Points: 
  • The three-day E-Day ran from 30 November to today and included the debut of the Start-up Express International entrepreneurship development programme.
  • The event attracted over 9,000 attendees and viewers from 44 countries and regions to the hybrid exhibition and seminars.
  • In particular, we are delighted that outstanding Hong Kong start-ups shone alongside their global peers at the pioneering Start-up Express International.
  • During Start-up Express International, 10 overseas winners shared the stage with eight Hong Kong Start-up Express laureates to discuss industry insights and their entrepreneurship journeys.

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

Retrieved on: 
Friday, December 2, 2022

HONG KONG, Dec 2, 2022 - (ACN Newswire) - Intellectual property (IP) authorities and business leaders from across the world gathered to discuss trends, paradigm shifts and opportunities in the IP market at the two-day Business of IP Asia (BIP Asia) Forum, which concluded today.

Key Points: 
  • HONG KONG, Dec 2, 2022 - (ACN Newswire) - Intellectual property (IP) authorities and business leaders from across the world gathered to discuss trends, paradigm shifts and opportunities in the IP market at the two-day Business of IP Asia (BIP Asia) Forum, which concluded today.
  • At the inaugural Policy Dialogue - Aspiration to Action: Co-creating a Resilient and Sustainable IP Ecosystem, a forum highlight, international IP experts exchanged valuable insights on enhancing the sustainability of the global IP ecosystem.
  • The BIP Asia Forum's "Global Tech Summit" addressed the "Industrial Metaverse: Propelling Re-industrialisation in Hong Kong" topic.
  • Business of IP Asia Forum website: https://bipasia.hktdc.com/en/
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

Cohen Milstein Files Lawsuit on Behalf of Northwest Biotherapeutics Against Major Market Makers for Market Manipulation

Retrieved on: 
Friday, December 2, 2022

"We're looking forward to holding these market makers responsible for the harm they have caused, and bringing critical and necessary transparency to these markets."

Key Points: 
  • "We're looking forward to holding these market makers responsible for the harm they have caused, and bringing critical and necessary transparency to these markets."
  • In a market free from manipulation, the market response should have been strongly positive, not dramatically negative, in response to the positive news.
  • Northwest Biotherapeutics alleges that it sold over 49 million shares at manipulated and devalued prices as a result of the market makers' actions.
  • Northwest Biotherapeutics is represented by national law firm Cohen Milstein Sellers & Toll PLLC.

Austral Gold Begins Drilling at Jaguelito in Argentina

Retrieved on: 
Friday, December 2, 2022

Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "As part of our strategic alliance with Mexplort, we are pleased to announce the start of our first phase of drilling at the Jaguelito project.

Key Points: 
  • Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "As part of our strategic alliance with Mexplort, we are pleased to announce the start of our first phase of drilling at the Jaguelito project.
  • Austral plans to complete the First Stage of approximately 5,000m of diamond drilling (DDH) in 15 to 20 holes at Jaguelito Norte and Jaguelito Sur.
  • - At Jaguelito Norte, five drilling targets have been identified and in this stage at least three targets are expected to be tested with 3,500 meters of DDH drilling.
  • Progress is being made in the delineation process and our objective is to define drilling targets to be tested with 1,500 meters of drilling.

What is AVAX? Everything You Need to Know About Avalanche

Retrieved on: 
Thursday, December 1, 2022

Launched in September 2020, Avalanche is a Layer-1 blockchain that functions as a platform for dApps and custom blockchain networks.

Key Points: 
  • Launched in September 2020, Avalanche is a Layer-1 blockchain that functions as a platform for dApps and custom blockchain networks.
  • Most notably, the EVM (Ethereum Virtual Machine)-compatible Avalanche network boasts a unique architecture consisting of three individual blockchains.
  • On Avalanche, users can build their own custom blockchain network that is seamlessly interoperable with the broader Avalanche ecosystem.
  • - Over 200 DApp projects are currently available on Avalanche, with many projects being cross-chain thanks to the robust bridging ecosystem around Avalanche.

The 23rd Hong Kong Forum gathered 100 global business leaders from Federation of Hong Kong Business Associations Worldwide to explore the latest opportunities in Hong Kong

Retrieved on: 
Thursday, December 1, 2022

The Forum, organised by the Hong Kong Trade Development Council (HKTDC), serves as the annual flagship event of the Federation of Hong Kong Business Associations Worldwide (FHKBAW).

Key Points: 
  • The Forum, organised by the Hong Kong Trade Development Council (HKTDC), serves as the annual flagship event of the Federation of Hong Kong Business Associations Worldwide (FHKBAW).
  • The two-day event, which concluded yesterday, welcomed more than 180 participants, including 100 global business leaders, in-person.
  • Mark Staublin, President of Hong Kong Business Association of the Midwest mentioned "This is my first visit to Hong Kong after two years.
  • With the help of the Hong Kong Trade Development Council (HKTDC), these Associations formed the Federation of Hong Kong Business Associations Worldwide in November 2000.

Palladium One Announces C$4.0 million Private Placement Financing

Retrieved on: 
Thursday, December 1, 2022

As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering.

Key Points: 
  • As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering.
  • Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation.
  • A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland.
  • Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

12th HKTDC Business of IP Asia Forum opened today

Retrieved on: 
Thursday, December 1, 2022

HONG KONG, Dec 1, 2022 - (ACN Newswire) - 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.

Key Points: 
  • HONG KONG, Dec 1, 2022 - (ACN Newswire) - 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.
  • 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.
  • For 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.
  • Business of IP Asia Forum website: https://bipasia.hktdc.com/en/
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

The 39th edition of World AI Show sets a rapid pace for the adoption of AI in the Indian landscape

Retrieved on: 
Thursday, December 1, 2022

Mumbai, Dec 1, 2022 - (ACN Newswire) - The 39th global edition of World AI Show, held in Mumbai, had a significant impact on the future of the Indian AI ecosystem.

Key Points: 
  • Mumbai, Dec 1, 2022 - (ACN Newswire) - The 39th global edition of World AI Show, held in Mumbai, had a significant impact on the future of the Indian AI ecosystem.
  • The second thing would be AI Ops; Metaverse is resource intensive and for scalability, it heavily relies on AI.
  • Sharing her thoughts on the panel discussion, she added, "It was an excellent discussion on AIOps, AI at scale, ethical AI, and applicable AI.
  • For individuals who are eager to have an impact on the Indian AI business, the coming years will be very lucrative.

The Legacy of Ottomans returns to India with its 4th edition of India International Furniture Fair (IIFF)

Retrieved on: 
Thursday, December 1, 2022

), the 4th edition of the India International Furniture Fair (IIFF) will pave the way for global brands into the Indian market.

Key Points: 
  • ), the 4th edition of the India International Furniture Fair (IIFF) will pave the way for global brands into the Indian market.
  • The three-day exclusive furniture exhibition will take place on 2nd, 3rd & 4th December 2022, at the International Expo Centre in Noida.
  • Delhi, Dec 1, 2022 - (ACN Newswire) - India's biggest & most-exclusive furniture fair will see Inegöl Furniture Manufacturers Association along with the cream of the Turkish furniture manufacturing industry, coming together with their Indian counterparts to set footprints into the burgeoning Indian furniture market.
  • Inegöl has the capacity to meet about 40 percent of Turkey's furniture exports and it exports to 150 countries."

Argus Research: Society Pass (Nasdaq: SOPA) Building a Loyalty-Driven E-Commerce Platform in Southeast Asia

Retrieved on: 
Thursday, December 1, 2022

3Q 2022 revenues were $2.1 mn, up from $83,000 in 3Q 2021, reflecting a rapidly accelerating platform rollout.

Key Points: 
  • 3Q 2022 revenues were $2.1 mn, up from $83,000 in 3Q 2021, reflecting a rapidly accelerating platform rollout.
  • Argus forecasts 2022 revenues of $7 mn and 2023 revenue of $40 mn, driven by on-line travel booking and digital marketing.
  • Argus forecasts Society Points to accelerate revenue growth with a revenue run rate of $60 mn by 2023E.
  • Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

Smart Digital Retail Philippines is going physical

Retrieved on: 
Thursday, December 1, 2022

The retail sector in the Philippines has been facing challenging times in the study period, which worsened due to the sudden COVID-19 pandemic.

Key Points: 
  • The retail sector in the Philippines has been facing challenging times in the study period, which worsened due to the sudden COVID-19 pandemic.
  • The majority forms of physical retail, including supermarkets and convenience stores, hypermarkets, specialty stores, department stores, and other small and medium store owners around the country, are facing challenges owing to the lockdown and physical distancing measures.
  • This event will cover the redesigning business plans, processes and new technologies that will unlock new ways of running a retail business in the Philippines.
  • Key topics including:
    - AI, robotics, and VR will soon dominate retail: welcome to retail 2.0
    With Smart Digital Retail Philippines, we will be looking at the challenges that are impacting the Philippine retail industry to create improved consumer experiences and more efficient creation.

Fully Charged Wuling Motors Sets Sail On Completion of the Restructuring of New Energy Business

Retrieved on: 
Thursday, December 1, 2022

Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a robust and comprehensive development in the new energy business.

Key Points: 
  • Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a robust and comprehensive development in the new energy business.
  • After the restructuring, Wuling New Energy would integrate the resources from the group companies of Wuling Motors and focuses on R&D, manufacturing, and sales of new energy vehicles.
  • It can be expected that the better Wuling New Energy develops, the more opportunities and sustainable benefits Wuling Motors can enjoy.
  • Wuling New Energy is now integrated with the prime assets and resources of the group companies of Wuling Motors for enhancing its strengths in the field of new energy vehicles, while the re-positioned Wuling Motors in the new energy business segment is also fully charged with power.

Blockpass Introduces 1st Unhosted Wallet KYC Solution in the Crypto Sector

Retrieved on: 
Wednesday, November 30, 2022

To combat this, regulators around the world are developing requirements for unhosted wallets to pass through KYC controls and prove that they own the wallet.

Key Points: 
  • To combat this, regulators around the world are developing requirements for unhosted wallets to pass through KYC controls and prove that they own the wallet.
  • To ensure our current and potential customers are ready for it, Blockpass has developed and now released the very first Unhosted Wallet KYC solution, able to be implemented quickly and seamlessly to allow business customers to prove that user withdrawals to unhosted wallets are compliant.
  • Blockpass is building trust in the Crypto Economy by providing....
    - A home for all your Crypto KYC needs - KYC & AML for DeFi, exchanges & blockchains, Travel Rule provision for regulated VASPs, and blockchain forensics.
  • - The first and only KYC & AML "Crypto Travel Rule" solution for unhosted wallets.

IBO Technology Announces 2022 Interim Results

Retrieved on: 
Wednesday, November 30, 2022

HONG KONG, Nov 30, 2022 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2022 (the "Period").

Key Points: 
  • HONG KONG, Nov 30, 2022 - (ACN Newswire) - IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2022 (the "Period").
  • The "IBO Technology Intelligent Manufacturing Industrial Park Project" is to be invested in three phases.
  • Moreover, Fucheng District People's Government will invest RMB400 million through Sichuan Fuchuang Development Group Limited, a state-owned company, to form a joint venture with a subsidiary of IBO Technology to collobrate in the "IBO Technology Intelligent Manufacturing Industrial Park Project".
  • IBO Technology will continue to pursue breakthroughs, research and develop and launch more new high-quality products and services, so as to deliver better results and make positive contribution to the development of ITAI and 5G industries in China.

Prenetics Announces US$20 Million Stock Repurchase Program and Inclusion into the MSCI Global Micro Cap Index

Retrieved on: 
Wednesday, November 30, 2022

Following the inclusion of Prenetics, there will be a total of 17 HK-headquartered companies included in this Hong Kong index.

Key Points: 
  • Following the inclusion of Prenetics, there will be a total of 17 HK-headquartered companies included in this Hong Kong index.
  • According to MSCI, the entire MSCI Global Micro Cap index includes a total of 299 constituents in 22 developed markets (with Hong Kong included).
  • It is widely recognised as a benchmark for global institutional investors to optimise their investment portfolios especially passive index funds.
  • In addition, Prenetics' inclusion in the MSCI Global Micro Cap Index (Hong Kong) represents a key milestone and reflects the confidence of stakeholders in the Company's long term growth strategy.

JE Cleantech (JCSE) Announces Strong Growth in Q3 2022

Retrieved on: 
Wednesday, November 30, 2022

During the reporting period, the Company has maintained strong growth in its overall business performance with revenue that more than doubled and a strong turnaround in net income.

Key Points: 
  • During the reporting period, the Company has maintained strong growth in its overall business performance with revenue that more than doubled and a strong turnaround in net income.
  • Ms. Bee Yin Hong, CEO and Founder, JE Cleantech said, "We are excited to announce that JE Cleantech has performed well during Q3 2022.
  • Our Q3 results reflect our strong focus on exploiting the rapid recovery of the electronic manufacturing and F&B sectors.
  • JE Cleantech has been providing centralized dishwashing services in Singapore since 2013, for customers in various industries, including HDD manufacturing, semiconductor manufacturing, food and beverage, and public transportation.

SCIB Posts 14.5% Increase in Revenue to RM30.3 Million in 1Q FY2023

Retrieved on: 
Wednesday, November 30, 2022

On a segmental basis, revenue contribution from manufacturing increased 26.8% to RM24.2 million in 1Q FY2023 compared with RM19.1 million in the corresponding quarter of the previous financial year while revenue contribution from the engineering, procurement, construction and commissioning (EPCC) business decreased 16.9% to RM6.2 million from RM7.4 million.

Key Points: 
  • On a segmental basis, revenue contribution from manufacturing increased 26.8% to RM24.2 million in 1Q FY2023 compared with RM19.1 million in the corresponding quarter of the previous financial year while revenue contribution from the engineering, procurement, construction and commissioning (EPCC) business decreased 16.9% to RM6.2 million from RM7.4 million.
  • Group Managing Director of SCIB, Encik Rosland bin Othman, said, "The manufacturing business continues to be the mainstay in the quarter under review.
  • The Company also announced separately on the stock exchange that SCIB and its wholly-owned subsidiaries, SCIB International (Labuan) Ltd., SCIB Properties Sdn.
  • As of 30 November 2022, SCIB has an order book of RM564.7 million with earnings visibility until 2026.

Yew Lee Posts RM6.1 Million Revenue in 3Q

Retrieved on: 
Wednesday, November 30, 2022

For the quarter under review, Yew Lee reported gross profit of RM2.12 million while registering profit before tax (PBT) of RM0.96 million and profit after tax of RM0.76 million.

Key Points: 
  • For the quarter under review, Yew Lee reported gross profit of RM2.12 million while registering profit before tax (PBT) of RM0.96 million and profit after tax of RM0.76 million.
  • For the nine-month period ended 30 September 2022 (9M 2022), the Group registered RM24.35 million in revenue while recording a profit before tax of RM0.39 million and a loss after tax of RM0.41 million.
  • Manufacturing activities contributed RM3.84 million to total revenue while trading activities contributed RM2.27 million in 3Q FY2022.
  • Managing Director of Yew Lee, Mr. Ang Lee Leong said, "We continue to sustain and generate profit from our operations.

'Balance Beyond the Boom' - HKTDC Entrepreneur Day helps start-ups prepare for the post-pandemic landscape

Retrieved on: 
Wednesday, November 30, 2022

Organised by HKTDC, Entrepreneur Day began today.

Key Points: 
  • Organised by HKTDC, Entrepreneur Day began today.
  • Welcoming participants to the event, Margaret Fong, Executive Director of the HKTDC, said: "We are delighted to host Entrepreneur Day in hybrid format for the first time.
  • Entrepreneur Day featured several seminars beginning with "T-Chat - Global VC Investment: Rise or Fall?".
  • The Entrepreneur Day exhibition also gathered more than 130 start-ups showcasing innovative products and technology as well as support services for the start-up ecosystem.

AssetWise PCL (SET: ASW) continues partnership with Japan property giant Takara Leben

Retrieved on: 
Wednesday, November 30, 2022

Mr. Kromchet Vipanpong, Chief Executive Officer of AssetWise PCL, said that the Company continues to expand its business.

Key Points: 
  • Mr. Kromchet Vipanpong, Chief Executive Officer of AssetWise PCL, said that the Company continues to expand its business.
  • The latest development being a joint venture agreement with Takara Leben, one of Japan's leading real estate developers coinvesting in the new condominium project, with AssetWise holding a 51 percent share and Takara Leben holding the remaining 49 percent to develop the Kave Seed Kaset campus condominium.
  • It has extensive experience in real estate development with over 500 projects under the brands Leben, The Leben, Nebel and Leben Platz.
  • Currently, Takara Leben is expanding its real estate investment into the ASEAN region such as Thailand, Vietnam, etc.

AEON Credit Secures its Framework for Sustainability-Linked Loans, Strengthens and Advances its Sustainability Pledge

Retrieved on: 
Wednesday, November 30, 2022

The Loans are the Group's first sustainable financing initiative and strengthens its commitment to endorsing and developing in the sustainability arena.

Key Points: 
  • The Loans are the Group's first sustainable financing initiative and strengthens its commitment to endorsing and developing in the sustainability arena.
  • Sustainability performance metrics have been set in accordance with AEON Credit's existing Sustainability Development Policy, and will be assessed on an annual basis by the external reviewer, the Hong Kong Quality Assurance Agency.
  • Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "We are delighted to have arranged the Group's sustainability-linked loan framework for bank financing, which emphasizes our long-term commitment to the advancement of sustainable development.
  • Looking ahead, we will continue to proactively seek further opportunities to expand our sustainable financing portfolio and look forward to taking our stakeholders along on our sustainability journey."

Strong profile bodes well for PRI's entry on the MAI (SET) today

Retrieved on: 
Wednesday, November 30, 2022

The company also focuses on expanding investments in existing businesses and developing technology to boost service efficiency.

Key Points: 
  • The company also focuses on expanding investments in existing businesses and developing technology to boost service efficiency.
  • Her optimism is fuelled by PRI's strong fundamentals as a leading provider of comprehensive real estate-related services, before and after moving in, and after the sale of the property.
  • PRI's services are propelled by the adoption of modern technology with the PRIMO Plus application developed to connect and provide services to customers.
  • The company has also leveraged on customer bases from the Origin Property PCL and general customers which entered into long-term and occasional service contracts with PRI.