ASIA

Will the euro area car sector recover?

Retrieved on: 
Tuesday, June 18, 2024

Since the start of 2018 automotive production and exports in the euro area have both contracted by about 20%, while they have fared better in China, Japan, Korea and the United States.

Key Points: 
  • Since the start of 2018 automotive production and exports in the euro area have both contracted by about 20%, while they have fared better in China, Japan, Korea and the United States.
  • Despite intensified foreign competition, the euro area automotive industry has defended its global positioning by focusing on profitable market segments.

Singapore AI Tech Company Neurai Appoints Anndy Lian as Chairman of the Board

Retrieved on: 
Tuesday, June 4, 2024

Neurai appoints Anndy Lian as Chairman of the Board to enhance its AI-driven fintech solutions, leveraging his extensive experience in blockchain and digital advisory roles.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - June 4, 2024) - Neurai, a startup AI technology company specializing in fintech solutions, has announced the appointment of Anndy Lian as the Chairman of the Board.
  • As an early investor in Neurai, Lian supports the integration of AI with finance and blockchain technology.
  • Reflecting on his new role, Lian stated: "As we stand on the brink of a new era in financial technology, I am honored to join Neurai as Chairman of the Board.
  • With Lian's appointment as Chairman of the Board, Neurai aims to continue its work in the fintech landscape, enhancing its position in AI technology within the financial markets.

EQS-News: Sixth acquisition in 2024: Mutares has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP.

Retrieved on: 
Monday, June 17, 2024

Sixth acquisition in 2024: Mutares has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP.

Key Points: 
  • Sixth acquisition in 2024: Mutares has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP.
  • Sixth acquisition in 2024: Mutares has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP.
  • New add-on investment to strengthen the SFC Group, part of Amaneos
    Munich, June 4, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP.
  • Established in 2011, Cikautxo China is a specialist in developing and producing rubber and plastic components for the automotive and household appliance industry.

EQS-News: Binding agreement for the sale of Fiven

Retrieved on: 
Monday, June 17, 2024

Fiven, a worldwide leading producer of Silicon Carbide ("SiC"), announced today that its owner, OpenGate Capital ("Open Gate"), a global private equity firm, has entered into a binding agreement for the sale of Fiven to Kymera International, a portfolio company of Palladium Equity Partners, LLC.

Key Points: 
  • Fiven, a worldwide leading producer of Silicon Carbide ("SiC"), announced today that its owner, OpenGate Capital ("Open Gate"), a global private equity firm, has entered into a binding agreement for the sale of Fiven to Kymera International, a portfolio company of Palladium Equity Partners, LLC.
  • OpenGate acquired Fiven in 2019 through a corporate carve-out from Saint-Gobain.
  • With manufacturing facilities located in Norway, Belgium, and Brazil, Fiven operates on a global scale and is headquartered in Oslo, Norway.
  • This information is information that Fiven ASA is obliged to make public pursuant to the EU Market Abuse Regulation.

Partners Group closes its fifth direct private equity program with total commitments above its target of USD 15 billion

Retrieved on: 
Monday, June 17, 2024

Partners Group, one of the largest firms in the global private markets industry, has surpassed its target of USD 15.0 billion in client commitments for its fifth direct private equity program ("the Program").

Key Points: 
  • Partners Group, one of the largest firms in the global private markets industry, has surpassed its target of USD 15.0 billion in client commitments for its fifth direct private equity program ("the Program").
  • The Program comprises commitments to Partners Group's fifth direct private equity fund, Partners Group Direct Equity V[2], and to the bespoke client solutions and open-ended funds that allocate to the same direct private equity strategy[3].
  • Wolf Scheider, Partner, Head Private Equity, says: "I am grateful to our clients for their continued trust in our transformational investing approach, which is highlighted by the successful close of our fifth direct private equity program above its target.
  • Partners Group's fourth direct private equity fund, which closed in 2021, is still in early value creation mode[4].

EQS-News: SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large majority.

Retrieved on: 
Monday, June 17, 2024

SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large majority.

Key Points: 
  • SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large majority.
  • SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large majority.
  • The agenda items presented to the Annual General Meeting were passed with a large majority.
  • You will find additional information on SURTECO GROUP SE and on the Annual General Meeting of the company including the voting results and a video recording on the Internet at www.ir.surteco.com/hv.

EQS-News: Basler AG makes strategic investment in Roboception GmbH

Retrieved on: 
Monday, June 17, 2024

Ahrensburg, June 12, 2024 – The Management Board of Basler AG, a leading provider of image processing components for computer vision applications, acquired a 25.1 % stake in Roboception GmbH, Munich, as part of a strategic investment and capital increase.

Key Points: 
  • Ahrensburg, June 12, 2024 – The Management Board of Basler AG, a leading provider of image processing components for computer vision applications, acquired a 25.1 % stake in Roboception GmbH, Munich, as part of a strategic investment and capital increase.
  • Since 2021, Basler AG and Roboception GmbH have had a sales partnership and intensive cooperation in the field of 3D image processing solutions.
  • ʺWith this investment, Basler expands its cooperation with Roboception and supports the powerful development of Roboception’s 3D technology, together with well-known co-shareholders from the robotics industry.
  • With this investment, Basler AG strengthens its position in the field of 3D image processing solutions for robotic systems in factory automation and logistics,” explains Hardy Mehl.

HDBank, the 1st Vietnamese lender to disclose Sustainability Report and net-zero target

Retrieved on: 
Monday, June 17, 2024

The 195-page report, "Green Thinking, Sustainable Growth," prepared in accordance with Global Reporting Initiative standards, showcases HDBank's environmental, social, and governance (ESG) strategies, objectives, and achievements.

Key Points: 
  • The 195-page report, "Green Thinking, Sustainable Growth," prepared in accordance with Global Reporting Initiative standards, showcases HDBank's environmental, social, and governance (ESG) strategies, objectives, and achievements.
  • — Photo courtesy of HDBank
    The Sustainability Report, titled "Green Thinking, Sustainable Growth" was prepared following Global Reporting Initiative standards, provides comprehensive insights into the bank's environmental, social, and governance (ESG) strategies.
  • It outlines its objectives, strategic vision, implementation plans, and achievements, showcasing the bank's dedication to sustainable practices.
  • Aligned with the Global Sustainability Standards Board and United Nations Sustainable Development Goals, the report emphasizes HDBank's commitment to global sustainability benchmarks.

Hurco Companies, Inc. Announces Suspension of Quarterly Cash Dividend

Retrieved on: 
Friday, June 14, 2024

INDIANAPOLIS, June 14, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) (“Hurco” or the “Company”), an international industrial technology company, announced today that its Board of Directors (the “Board”) elected to temporarily suspend the Company’s regular quarterly cash dividend on its common stock, effective immediately.

Key Points: 
  • INDIANAPOLIS, June 14, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) (“Hurco” or the “Company”), an international industrial technology company, announced today that its Board of Directors (the “Board”) elected to temporarily suspend the Company’s regular quarterly cash dividend on its common stock, effective immediately.
  • “While it was a difficult decision, we believe that temporarily suspending the quarterly cash dividend on Hurco’s common stock will provide near-term benefits to our cash flow management while also allowing us to enhance our balance sheet and more optimally allocate available capital among various strategies.
  • The Board intends to closely monitor market conditions and the Company’s cash flows, and will continue to evaluate potential future cash dividends, but there can be no assurance that the Company will resume the payment of cash dividends.
  • We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Witness the Future of Manufacturing with Heilind Asia Pacific at the Bangkok Manufacturing Expo

Retrieved on: 
Friday, June 14, 2024

BANGKOK, Thailand, June 14, 2024 (GLOBE NEWSWIRE) -- Join Heilind Asia Pacific at the Bangkok Manufacturing Expo and witness the future of manufacturing!

Key Points: 
  • BANGKOK, Thailand, June 14, 2024 (GLOBE NEWSWIRE) -- Join Heilind Asia Pacific at the Bangkok Manufacturing Expo and witness the future of manufacturing!
  • As the leading distributor of interconnect devices, Heilind Asia Pacific, headquartered in Hong Kong and operating in the Asia market since 2012, invites you to explore our extensive range of products.
  • Heilind Asia Pacific is dedicated to enhancing the supply chain for our customers through innovative inventory programs such as consignment and Vendor-Managed Inventory (VMI).
  • Mark your calendars and visit Heilind Asia Pacific at Booth 8G18 in Hall 98, BITEC, Bangkok, Thailand from 19 to 22 June, 2024.