SGX | Jotup

New ASEAN Energy Established to Invest in Fast-Growing Southeast Asian Region

Retrieved on:

Tuesday, September 5, 2023

New ASEAN Energy, Inc. (NAE) has been established to acquire an equity interest in a petrochemical complex in Southeast Asia, one of the fastest growing regions in the world.

Key Points:

New ASEAN Energy, Inc. (NAE) has been established to acquire an equity interest in a petrochemical complex in Southeast Asia, one of the fastest growing regions in the world.
The complex will utilize next generation technology to generate greater efficiencies, lower production costs and low carbon and renewable energy.
To aid the implementation of its strategy, NAE is partnering with Singapore’s ChemOne Group, which brings a 40-year track record of developing and operating petrochemical plants across Southeast Asia.
The board of directors previously included Governor Bill Richardson, former U.S. Secretary of Energy, U.N.

A New Movie “Moscow Mission” scheduled for Nationwide Release to Public on September 29, 2023

Retrieved on:

Wednesday, August 30, 2023

Film & Motion Pictures, Entertainment, Landmark Entertainment Group, IDEAS Group, Fintech, Human, AMTD Digital, Multimedia, SGX, HKD, AMTD, Art, NYSE, Film industry, Film

View the full release here: https://www.businesswire.com/news/home/20230830638441/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230830638441/en/
“Moscow Mission 莫斯科行動” was produced based on the true story of “China-Russia Train Robbery” happened in 1993 which led to China’s first-ever cross-border manhunt.
It gathers a group of top stars and heavy weighs including Zhang Hanyu 張涵予, Andy Lau 劉德華, Huang Xuan 黃軒, Janice Man 文詠珊, etc..
Dr. Calvin Choi, Chairman of AMTD Group as well as the founder of AMTD IDEA Group and AMTD Digital, serves as an executive producer of the Movie.
AMTD Group focuses on the development of a multi-media, entertainment and culture business platform as one of its long term core strategies.

BFSI Sector Leads the Charge as Global Blockchain Identity Management Market Surges

Retrieved on:

Tuesday, August 29, 2023

Growing Demand for Security: As hackers increasingly target conventional identity management systems, industries are turning to blockchain identity management solutions to enhance security, fostering the growth of the market.

Key Points:

Growing Demand for Security: As hackers increasingly target conventional identity management systems, industries are turning to blockchain identity management solutions to enhance security, fostering the growth of the market.
These verticals are propelling substantial growth in the demand for blockchain identity management solutions.
BFSI Leading the Way: The BFSI segment holds the largest market share, leveraging blockchain for secure and compliant identity management, improved efficiency, cost-effectiveness, and enhanced customer experience across multiple financial institutions.
Key Companies in the Blockchain Identity Management Market:

AMTD IDEA Group announced a step up of approx. US$100million into AMTD Digital Inc. with a lock up of 5 years

Retrieved on:

Monday, August 28, 2023

AMTD Digital Inc. (“AMTD Digital”, NYSE: HKD) AMTD IDEA Group (“AMTD IDEA”, NYSE: AMTD; SGX: HKB) jointly announced today that the boards of directors of the two companies have approved the issuance and sale of Class B ordinary shares by AMTD Digital to AMTD IDEA for a total consideration of not more than US$100 million (US$520 per share).

Key Points:

AMTD Digital Inc. (“AMTD Digital”, NYSE: HKD) AMTD IDEA Group (“AMTD IDEA”, NYSE: AMTD; SGX: HKB) jointly announced today that the boards of directors of the two companies have approved the issuance and sale of Class B ordinary shares by AMTD Digital to AMTD IDEA for a total consideration of not more than US$100 million (US$520 per share).
As a further demonstration of AMTD IDEA’s long-term commitment in the development of AMTD Digital, AMTD IDEA voluntarily commits to a 5-years lock up period on such shares acquired through this subscription.
Dr. Timothy Tong, chairman of the board of directors of AMTD Digital, commented: “The share subscription by AMTD IDEA demonstrates our parent company's strong confidence in our long-term and sustainable development.
The management is motivated to pursue greater success through continuous innovation in the digital world.”
Dr. Feridun Hamdullahpur, chairman of the board of directors of AMTD IDEA, commented: “We are fully confident in and committed to our long-term strategic core holding in AMTD Digital, seeing enormous potentials in its media, culture and entertainment businesses as well as its diversified shareholding base with global connectivity leveraging on the NYSE platform.”

AMTD Digital Achieved a 55.3% Increase in Net Profit, 61.2% in Total Assets, 31.8% in Net Assets, and 36.6% in EPS

Retrieved on:

Wednesday, August 23, 2023

Overall, the Company reported a very strong and solid performance and delivered a 55.3% increase of net profit after tax from last year.

Key Points:

Overall, the Company reported a very strong and solid performance and delivered a 55.3% increase of net profit after tax from last year.
As of April 30, 2023, the total assets and net assets of the Company increased by 61.2% and 31.8%, respectively, compared to the last fiscal year-end.
Dr. Timothy Tong, Chairman of the Board of Directors of the Company, commented, “AMTD Digital continued to grow in the past year with a YoY net profit increase of over 50%.
Requests should be directed to AMTD Digital IR office, AMTD Digital Inc., 27-29 rue de Bassano, 75008 Paris, France.

AMTD IDEA Group Announces US$20million Share Repurchase Program

Retrieved on:

Tuesday, August 22, 2023

Finance, Consulting, Banking, Professional Services, Fintech, SGX, IDEAS Group, Security (finance), AMTD, SEC Rule 10b-5, HKB, Share repurchase, NYSE, Cryptocurrency

AMTD IDEA Group (“AMTD IDEA” or “Company”, NYSE: AMTD; SGX: HKB) announced today that its board of directors have authorized a new share repurchase program under which the Company may repurchase up to US$20 million of its American depositary shares or ordinary shares until the close of business on December 29, 2023, U.S. Eastern Time.

Key Points:

AMTD IDEA Group (“AMTD IDEA” or “Company”, NYSE: AMTD; SGX: HKB) announced today that its board of directors have authorized a new share repurchase program under which the Company may repurchase up to US$20 million of its American depositary shares or ordinary shares until the close of business on December 29, 2023, U.S. Eastern Time.
The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policies.
The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and Rule 10b-5 requirements.
The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

L’Officiel Global successfully acquired the Philippines business to add one more country to direct owner’s model on a worldwide basis

Retrieved on:

Thursday, August 17, 2023

AMTD announced the roll-out of the AMTD World Media and Entertainment Group ("AMTD WME") earlier with L’Officiel being a predominant media IP and global businessuser of WME.

Key Points:

AMTD announced the roll-out of the AMTD World Media and Entertainment Group ("AMTD WME") earlier with L’Officiel being a predominant media IP and global businessuser of WME.
Danyl Geneciran, Editor-in-Chief for L'Officiel Philippines, commented, “Times have changed in fashion publishing and L’Officiel rises to this challenge by continuing to bring value to its readers.
We are confident that the ongoing implementation of the direct owner’s model on a global scale will significantly enhance our global IP’s brand values and consistency.
The L’Officiel SEA team is committed in supporting L'Officiel Philippines and rolling it into our L’Officiel Asia network to deliver our combined solutions to every client and brands.”

AMTD Digital Expects to Achieve Over 50% Increase in Net Profit for FY23

Retrieved on:

Wednesday, August 16, 2023

AMTD Digital Inc. ("AMTD Digital" or the "Company") (NYSE: HKD), a comprehensive one-stop digital solutions platform headquartered in France, announced today that it is expected to achieve a significant increase of over 50% in net profit after tax for the year ended 30 April 2023, as compared to the previous year.

Key Points:

AMTD Digital Inc. ("AMTD Digital" or the "Company") (NYSE: HKD), a comprehensive one-stop digital solutions platform headquartered in France, announced today that it is expected to achieve a significant increase of over 50% in net profit after tax for the year ended 30 April 2023, as compared to the previous year.
Recent milestones achieved include the roll-out of AMTD World Media and Entertainment Group ("AMTD WME") and the acquisition of The Art Newspaper (subject to customary closing conditions), both jointly achieved with AMTD Group and AMTD IDEA Group (NYSE: AMTD; SGX: HKB).
In addition to the above, it is worth noting the injection into AMTD Digital earlier this year by AMTD IDEA Group of its entire equity interest in AMTD Assets Group.
AMTD Digital has built strategies to expand and continuously build a network of AMTD hotels and food and beverage businesses to include a global roll-out plan of L’Officiel Coffee.

INVEST Fair 2023: Growing Wealth with Confidence to be held on 12th & 13th August 2023 at Suntec Exhibition Hall

Retrieved on:

Thursday, August 10, 2023

Confidence, SGX, Knowledge, Senior, Environment, Fair, Cryptocurrency, Security (finance)

Under the timely theme of "Growing Wealth with Confidence", this year's event aims to inspire participants to boldly move forward in their investment journey amidst a challenging external environment.

Key Points:

Under the timely theme of "Growing Wealth with Confidence", this year's event aims to inspire participants to boldly move forward in their investment journey amidst a challenging external environment.
Held from 10am to 5pm on Saturday (12 August) and Sunday (13 August), INVEST Fair will host more than 50 expert speakers from the field of finance and investment, including fund managers from major financial institutions.
This year's event also aims to broaden investors' horizons beyond traditional equities, with opportunities to learn more about growing your wealth through cryptocurrency, property and alternative investments."
He brings deep insights as CEO of the stock market, central depository and futures market with a background in investment banking and investment management.

SMI Vantage: Acqusition of 51% Stake in Provino Logistics to Complement and Expand Current Business Areas in F&B

Retrieved on:

Monday, July 3, 2023

The Target's business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services ("Business").

Key Points:

The Target's business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services ("Business").
It uses a world class proprietary Warehouse Management System making the company a leader in the use of such technologies.
"I am extremely pleased to be partnering with SMI Vantage and believe that their relevant expertise and deep experience in logistics and the F&B business will allow Provino to grow significantly going forward.
I am excited to see the fruits of this partnership pan out in the future, as we look to grow this business together," Michael Hadley added.