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- 08/17/16--08:06: _Tempus (6880 HK) An...
- 08/17/16--08:18: _"In Style • Hong Ko...
- 08/17/16--20:22: _MEDICAL FAIR ASIA 2...
- 08/17/16--19:05: _CropLife Asia Signs...
- 08/18/16--07:09: _NSP Joins Hands wit...
- 08/18/16--07:12: _Tonly Electronics R...
- 08/18/16--07:14: _China Merchants Lan...
- 08/18/16--07:18: _Successful bidding ...
- 08/19/16--07:30: _Prestige brands suc...
- 08/19/16--07:47: _Home Nursing Founda...
- 08/22/16--06:59: _Weiqiao Textile Ann...
- 08/22/16--09:09: _Franchising in the ...
- 08/22/16--15:13: _Record Breaking Suc...
- 08/22/16--18:50: _Global Warming Thre...
- 08/23/16--05:19: _VGI Global Media Ac...
- 08/23/16--05:32: _Kerry Logistics & 2...
- 08/23/16--05:41: _Tank Storage Asia 2...
- 08/23/16--05:47: _Intelligent Green B...
- 08/24/16--06:39: _R&F Properties Anno...
- 08/24/16--06:54: _ServiceSource Celeb...
- 08/24/16--09:38: _Sino Oil and Gas (0...
- 08/24/16--09:46: _Shanghai Internatio...
- 08/24/16--09:51: _Chengdu Fuels Aviat...
- 08/24/16--09:57: _Shanghai Smart Home...
- 08/24/16--10:03: _The Future of Manuf...
- 08/17/16--08:06: Tempus (6880 HK) Announces 2016 Interim Results
- 08/17/16--20:22: MEDICAL FAIR ASIA 2016 posts Strong Growth
- 08/17/16--19:05: CropLife Asia Signs Partnership with Asian Apiculture Association
- 08/22/16--06:59: Weiqiao Textile Announces its 2016 Interim Results
- 08/22/16--09:09: Franchising in the F&B industry
- 08/22/16--15:13: Record Breaking Success of ACCS & AWS 2016
- 08/22/16--18:50: Global Warming Threatens Rice Crops
- 08/23/16--05:19: VGI Global Media Acquires Rabbit Business from BTS Group
- 08/23/16--05:41: Tank Storage Asia 2016 Conference Programme Finalised
- 08/24/16--09:51: Chengdu Fuels Aviation Growth With World Routes
- 08/24/16--10:03: The Future of Manufacturing Industry Seminar at MSE 2016
TEMPUS HOLDINGS LIMITED
Tempus Announces 2016 Interim Results
Synchronous Development in Both Health & Wellness Business and Cross-border Business,
to Cooperate with the Diversified Development of the Group
Revenue was approximately HK$253.5 million, representing an increase of 22.1% as compared to approximately HK$207.6 million for the six months ended 30 September 2015;
Gross profit was approximately HK$153.9 million, representing an increase of 14.3% as compared to approximately HK$134.6 million for the six months ended 30 September 2015;
Profit for the period was approximately HK$4.9 million, representing a decrease of 12.5% as compared to approximately HK$5.6 million for the six months ended 30 September 2015;
The Board has resolved not to declare an interim dividend for the six months ended 30 June 2016.
(Hong Kong, 16 August 2016) Tempus Holdings Limited ("Tempus" or the "Company"; Stock Code: 6880.HK), announces the unaudited condensed interim financial results of the Company and its subsidiaries (collectively referred as the "Group") for the six months ended 30 June 2016 (the "Reporting Period") together with the comparative figures for the six months ended 30 September 2015.
During the Reporting Period, the Group's revenue was approximately HK$253.5 million, with 86.1% derived from health and wellness business, and 13.9% from cross-border business, which commenced in the first half of 2016. The increase in revenue was mainly due to the additional revenue of approximately HK$35.2 million from the newly commenced cross-border trading business. The gross profit was approximately HK$153.9 million and the gross profit margin was 60.7%. The profit for the Reporting Period was approximately HK$4.9 million, mainly due to less corporate and international sales which have higher net profit margin compared with traditional sales channels.
Star Product Remains Top Sales and New Products Launched to Meet the Market Demand
During the Reporting Period, the segment revenue from health and wellness business was approximately HK$218.3 million. The segment gross profit margin was approximately 69.9%, representing an increase of 5.1 percentage point as compared to gross profit margin for the six months ended 30 September 2015. The increase was mainly due to the change of sales portfolio, inter alia, an increase of retails sales, which has a higher gross profit margin as compared to the decrease of corporate and international sales which has a lower gross profit margin.
During the Reporting Period, the Group has newly developed and launched two key new products: the "II-Zone Luxe", an exquisite leisure massage chair and the "Row Bike", an innovative fitness equipment enabling rowing, horse riding and cycling exercises at the same time. Both the "II-Zone Luxe" and the "Row Bike" will be the key products in the second half of 2016. The key new product last year, "ii Zone", remained the top selling product during the Reporting Period, accounting for approximately 36.3% of the total sales of the Group's health and wellness business.
Commence Cross-border Business & Actively Identify Appropriate Investment or Acquisition Opportunities
During the Reporting Period, the Group has commenced international trading of certain well-known branded milk powder as a starting point of its cross-border business development. The trading volume for the two months ended 30 June 2016 was approximately HK$35.2 million and the average gross profit margin was approximately 3.5%. It is expected that the trading volume and scope of product categories will be further increased in the second half of 2016. The Group will continue to actively develop and identify appropriate investment or acquisition opportunities throughout the area of the cross-border business.
Develop Diversified Sales Channels to Expand Geographical Market Coverage
During the Reporting Period, the Group continues developing its diversified sales channels and expanding its geographical market coverage. Currently, the sales channels of the Group's OTO business include (i) traditional sales channels including retail stores and consignment counters, accounting for approximately 72.2% of the segment revenue (six months ended 30 September 2015: 57.7%); and (ii) proactive sales channels including corporate sales, international sales, roadshow counters and Internet sales, accounting for approximately 27.8% of the segment revenue (six months ended 30 September 2015: 42.3%). During the Reporting Period, the Group operated 26 retail outlets in Hong Kong and Macau, while the number of retail outlets in the Mainland China had increased to 120. The Group will continue to expand its retail network in Mainland China and focus on the development of Internet sales business.
The management of the Group concluded, "Despite the slowdown of China's economic growth, the weakening retail market in Hong Kong and the increased capital market volatility, which had been undermining the consumers' sentiment and buying power, we are still confident in the Group's future development. We will continue actively seeking appropriate investment and merger and acquisition opportunities, especially in health and wellness and cross-border business sectors so as to enrich the embedded value of the Group. Vigorously supported by Tempus Group, the controlling shareholder, we will strengthen the business cooperation with other business arms in Tempus Group to strive for the breakthrough in Internet sales and corporate sales channels in the mainland China."
－ End －
About Tempus Holdings Limited
Tempus Holdings Limited (6880.HK), member of the Tempus Group, was listed on the mainboard of HKEx in 2011. As Tempus Group's key overseas capital operation platform, the Company keeps streamlining its products and services to facilitate sustainable growth of businesses and assets size through on-shore and off-shore resources sharing, synergy generation and business ecosystem consolidation. Tempus has been selected as a constituent of the MSCI Hong Kong Micro Cap Index.
The "OTO" brand under Tempus Holdings, founded in 1986, is the market leader of health and wellness products. OTO has more than 30 years' experience in brand management and research and development. Its design and R&D team works closely with the partners from Japan and Korea to create series of innovative products in the area of relaxation, fitness, therapeutics and diagnostic. OTO has established comprehensive sales network in the PRC, Hong Kong, Macau, Singapore and Malaysia. With sound international reputation, OTO products also reach North America, Oceania, Europe and Latin America through export.
For more details, please visit: http://www.tempushold.com/hk
This press release is distributed by Financial PR (HK) Limited on behalf of Tempus Holdings Limited. For further information, please refer to contact:
- ASIA TODAY Newswire http://www.AsiaToday.com
Gourmet, Fashion and Lifestyle Products compose a glamorous experience
Bangkok, 17 August 2016 - “In Style • Hong Kong”, a large-scale promotion organised by the Hong Kong Trade Development Council (HKTDC), is coming to Bangkok this October. The promotion will showcase a range of Hong Kong lifestyle products, gourmet as well as business services to Bangkok consumers and entrepreneurs. Over 100 Hong Kong-style local restaurants and Hong Kong fashion and lifestyle brands with retail outlets in Bangkok will be engaged to offer discounts and incentives to Thai consumers to enjoy a taste of Hong Kong in Bangkok.
Taste Hong Kong with Denice Wai
Hong Kong is well known as the culinary capital of Asia. Tourists from around the world come to Hong Kong for a tasty experience. HKTDC is delighted to collaborate with Hong Kong’s celebrity chef, Denice Wai. As the “Chef • In Style”, Denice will bring the “Hong Kong taste” to Bangkok. Without hours of travel, Bangkok citizens can enjoy signature ISHK menus developed by Denice this September and October.
Denice helped at her family owned Chinese cuisine catering business when she was young. She started her catering business at Vancouver after her professional training at the Vancouver Culinary School. She moved back to Hong Kong in 2002 and established 6 Senses Cooking Studio since 2004. In 2006, Denice has created Gluten Free baked products and also provide cooking classes to those who are suffered from serious food allergy or require special diet arrangements.
Since 2007, Denice has further expanded her cooking experience to various media platforms. She hosted cooking show for TV and radio channels including TVB and NOW TV at Hong Kong and Fairchild TV in Canada. Denice was also one of the star chefs featured in the HKTDC Food Expo just finished this Monday.
Hong-Kong’s iconic dishes available in the coming 2 months
“Chef • In Style” Denice Wai creates signature menus to be available at Four Seasons Chinese restaurant, Gokfayuen and B. Duck Café, in September and October. Inspired by traditional Hong-Kong dishes, all menus are designed to fit with local Thai’s appetite.
Two of Hong-Kong’s iconic dishes –Deep Fried Wonton with Sweet and Sour Seafood Sauce & Smoked Fish Fillet– will be proposed at Four Seasons Chinese restaurant.
Wonton is one of the most popular and common Hong Kong-style food, mostly eaten with soup. To fully experience Hong-Kong’s culinary culture, Denice has followed a very traditional recipe to deep fry the wonton, which Thais are already familiar with. Served with sweet and sour seafood sauce, and stuffed with minced pork and shrimp, the experiment will wake up all taste buds. Both soft and bouncy, this is a meal Thai’s food lovers will remember.
Tasty, wholesome and nutritious, seafood is a must in Asia. For her fish dish, “Chef • In Style” Denice Wai will propose Pomfret, considered as a premium seafood. Full of protein and iodine, it is known for its positive impact on the digestion system. “When cooking pomfret, you need to ensure that it’s not under or over cooked. Herbs we use in marinade and seasonings add aromas and health benefits”, added Denice.
For this menu, Denice uses Thai herbs, coriander and ginger. “The phenolic compounds in ginger are known to help relieve gastrointestinal irritation, stimulate saliva and bile production as well as suppressing gastric contractions and movement of food and fluids. Both coriander and ginger help reduce cholesterol in blood and prevent nausea”, Denice explained.
More Hong Kong experience to come
Apart from the Hong Kong menus available at various restaurants, consumers in Bangkok can enjoy discounts and incentives offered by from over 30 Hong Kong brands, including fashion, restaurants and lifestyle products such as eyewear, time keeper, housewares and beauty & healthcare products in September and October.
Starting from 3 October and continue through 9 October, a “Hong Kong Galleria” featuring Hong Kong fashion, lifestyle products and gourmet will be launched at Siam Paragon shopping mall. More exciting Hong Kong products and gourmet can also be found on online retailer Lazada and gourmet website Openrice Thailand in September.
In Style • Hong Kong http://www.instyle-hk.com
Hong Kong: Please contact the HKTDC's Communication and Public Affairs Department:
Tel: (852) 2584 4216
Bangkok: Please contact Vero Public Relations
Tel: 0 2684 1552-2 ext 21,
Mobile: 0 86 093 9019
Tel: 0 2684 1551 ext. 19,
Mobile: 0 89 499 8349
- ASIA TODAY Newswire http://www.AsiaToday.com
South East Asia’s leading medical trade fair expects 1,000 exhibitors from 45 countries / exhibition area is growing by 40% / country pavilions from all parts of the world
MEDICAL FAIR ASIA in Singapore, the International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical & Rehabilitation Equipment & Supplies, continues its sustained growth course in 2016 thereby providing impressive proof of its role as South East Asia’s leading showcase for medical device technology and health care.
For the 11th edition of this trade fair from 31 August to 2 September at The Sands Expo and Convention Center, Marina Bay Sands, 1,000 exhibitors from 45 countries and 40% more exhibition space are expected than at the previous event in 2014. The number of country pavilions from throughout the world will reach record numbers. As part of these joint participations the leading industrial nations of the EU, North America with Canada, China, Japan, Taiwan, South Korea as well as the ASEAN states Malaysia, Singapore and Thailand will present themselves. Saudi Arabia and Turkey have announced their first-time participation.
“South Korea as a fast-growing and high-demand economic region is in the focus of the international medical device industry and health care sector. The ten ASEAN states alone are home to some 625 million people and they continue investing in their medical care in order to overcome the lag with western standards. This is clearly reflected in the extremely positive development of MEDICAL FAIR ASIA. This trade fair succeeds in opening doors to these high-potential markets for both global players and innovative firms from the region,” says Horst Giesen, Global Portfolio Director for the “World of MEDICA” at the Messe Düsseldorf Group.
This economic region offers particularly high potential for the segments healthcare IT, telemedicine, patient monitoring and digital applications that network and efficiently manage patient data. There is also constantly growing interest in prevention and rehabilitation care that focuses on largely retaining the self-determination of people affected. At MEDICAL FAIR ASIA 2016 visitors can obtain an overview of current solutions and developments in these growth areas. The trade fair will dedicate a Special Show with the theme of rehabilitation care.
Celebrating a premiere will be MEDICINE + SPORTS CONFERENCE ASIA, which will be held concurrently with MEDICAL FAIR ASIA on 1
September 2016. The event sheds some light on South East Asia’s booming market for sports and preventive medicine and will discuss the region’s health policy challenges. According to studies, this market segment is expected to grow by seven percent annually to reach a volume of US$ 3.85 billion by late 2019. At the same time, the region registers a dramatic rise in cardio-vascular diseases, in respiratory tract diseases but also in chronic diseases such as diabetes. At the Conference sports physicians, health service providers, patients, physicians of other disciplines will meet with fitness trainers and industry experts in order to develop networks, find out about innovations and seek solutions for the current issues in the health care system. The agenda covers such issues as the role of sports in prevention as well as the monitoring of vital data and physical performance data by means of miniature medical devices worn right on the body, the so-called wearables.
About MEDICAL FAIR ASIA
MEDICAL FAIR ASIA is held in Singapore every two years. It belongs to the “World of MEDICA” family of events and is organised by Messe Düsseldorf ASIA, a subsidiary of Messe Düsseldorf, in close cooperation with the team in charge of the No. 1 trade fair MEDICA in Düsseldorf.
Launched in 1997, MEDICAL FAIR ASIA is one of the well-established international medical trade fairs by Messe Düsseldorf Group.
All facts, figures and information on the trade fairs of the “WORLD OF MEDICA” are available at: http://www.world-of-medica.com
Contact in Germany:
Tel.: 0049 (0)211 4560-573
Contact in Singapore:
Düsseldorf, July 2016
Assistant: Apostolos Hatzgiannidis
- ASIA TODAY Newswire http://www.AsiaToday.com
SINGAPORE - CropLife Asia announced today that it has signed a Memorandum of Understanding (MoU) with the Asian Apicultural Association (AAA) to support a research initiative to catalogue and study the bee species and populations in Asia. CropLife Asia Executive Director Dr. Siang Hee Tan and AAA President Dr. Siriwat Wongsiri signed the agreement at Singapore's M Hotel.
It is estimated that at least 87 out 115 global primary food crops require some form of animal pollination, and insect pollination occupies a high value in the production of daily produce including vegetables, fruits, edible oil and spices.
Comprehensive data on pollinators in Asia is scarce and much of the information that does exist has been derived using an array of different methods, making it difficult to draw comparisons across geographies and time. To better understand the state of Asia's pollinators, a first step in protecting them and promoting their use in agriculture, CropLife Asia and AAA have agreed to collaborate in developing a harmonized method to survey the pollinators in key Asian countries.
"When it comes to pollinators in Asia, there is a general lack of both awareness as to the important role they play in agriculture as well as reliable data reflecting their overall health," said Dr. Tan. "Our industry has a responsibility to work with chief stakeholders who have unique perspective and expertise in this area, and our partnership with AAA is an important and impactful step forward on this front."
A key component of the MoU is developing a universally-applicable, harmonized method to capture the state of bee health in particular in key countries across the region. Specifically, this will entail surveying bee species in order to identify major pollinators (including indigenous subspecies) and their relative abundance.
About CropLife Asia
CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by eight member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.
About Asian Apiculture Association
The Asian Apiculture Association is the leading professional organization that promotes the exchange of scientific and general information relating to all phases of honey bee sciences and apiculture in Asia. For more information, please visit http://asianapiculture.org/.
For more information please contact:
Director, Public Affairs
Tel: +65 6221 1615
- ASIA TODAY Newswire http://www.AsiaToday.com
Neo Solar Power Corporation (3576 TT) ("NSP", or "the Company"), today announced that the company will join hands with Cathay Life Insurance Co. Ltd to co-invest a new company to enlarge Taiwan Solar System Project investment. The capital of this new co-invest company is planned to be NT$3.5 billion with two phases capital injection. The first capital injection is NT$1.5 billion and the second phase capital injection will be subject to phase one execution result. The exact investment amount and following company setup schedule will be subject to approval from Insurance Bureau of Taiwan Financial Supervisory Commission for Cathay Life Insurance Co. Ltd.
Investing in solar system projects promises higher and steady return than general financial instruments, and solar system projects can guarantee expected cash-flow for at least 20 years, which similar to fixed-income products. Besides, with support from Taiwan government on renewable energy recently, NSP decides to cooperate with Cathay Life Insurance to invest Taiwan Solar System Project. It's not only shows NSP supports Taiwan government policy, but also can enjoy good return from the investment.
NSP always stands on the leading position of photovoltaic technology. Recently, NSP develops new business opportunities aggressively, such as expanding business scope into solar system projects and YieldCo formation. In addition, NSP is seeking four main strategies in past few years: 1. Relocation of manufacturing capacity outside Taiwan 2. Global solar system project development and financing to streamline sales of solar cell & solar modules 3. Building international sales channels for solar modules to lower the dependency from China 4. Devotes to investment on cell technology instead of capacity expansion, such as PERC and N-Type HJT.
Due to capacity relocation to overseas since fourth quarter last year which led to the loss of utilized capacity and increase of manufacturing cost per unit, the operating performance of NSP was affected this year so far. However, once completed, those relocated capacity will be very competitive. Besides, the built international sales channels for modules will alleviate the threat from China. Also, NSP and NSP subsidiary, GES (General Energy Solutions Inc.) has fruitful result on solar system project development this year. The total under construction and COD system capacity is close to 200MW, and planned system projects sold will close to 80MW by the end of this year. Furthermore, the total system project pipeline so far is accumulated to 800MW, plus the cooperation with financial institutions, it is believed system business will have positive long-term contribution to NSP revenue and profit.
About Neo Solar Power Corporation (3576 TT) (NSP)
Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam Hong (former Director of ITRI Research Division), Neo Solar Power Corporation (NSP) is a leading manufacturer of high performance and high quality solar cells and modules. With core competitive advantages in quality, technology and customer service, NSP became the world's largest merchant solar cell manufacturer by volume in 2013. After selling DelSolar to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP with a 19% holding. Leveraging current leading position in solar cell technology, NSP will further expand into the global solar systems businesses, aiming to become the leading solar system integrator in the world. For more information, please visit the company's website at www.nsp.com
For further information, please contact:
Ms. Shirley Chen
Investor Relations Dept.
Phone: +886-3-578-0011 ext. 20626
- ASIA TODAY Newswire http://www.AsiaToday.com
New audio products achieve remarkable sales performance
Accelerate business transformation to develop into smart home business
(18 August 2016, Hong Kong) Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) today announced its unaudited interim results for the six months ended 30 June 2016 (the period under review).
During the period under review, the Group's turnover amounted to approximately HK$1,754.5 million, dropped by 24.0% yoy. Gross profit decreased by 17.7% yoy to approximately HK$259.4 million, while gross profit margin widened from 13.6% in the same period last year to 14.8%. Operating profit fell by 13.3% yoy to approximately HK$85.3 million. Profit attributable to owners of the parent declined by 22.8% yoy to approximately HK$65.9 million.
With the growing popularity of wireless technology and demands for smart home devices, the market for new audio products is rapidly expanding. The Group has implemented an "innovative traction, wisdom transition" strategy in order to meet market needs. Apart from the successful development of new audio products, the Group is also committed to expanding its smart home business, aiming at diversification of products and expansion of market shares. New audio products recorded encouraging sales in Europe as well as the U.S. Although revenue of audio products segment decreased by 0.5% yoy to HK$1,001.9 million, the decline has narrowed down as compared to that of 1Q 2016. Profitability of audio products is expected to be further enhanced by optimising the allocation of resources. The Group made impressive strides in developing new customers for soundbar speaker products, which is expected to be delivered in the second half this year or the next, while bulk shipment of headphones is also expected in the second half of 2016.
Smart home business is one of the Group's major highlights in its future development, with four categories of products including smart audio video, smart security, smart energy management, smart health and fitness. Despite of its short-term development, smart home business has already brought revenue of approximately HK$8.1 million. Given its growing popularity, the Group will further expand its smart home business in the U.S. and other overseas markets, expecting it to become a major growth driver for the Group. It is also working on R&D to apply the use of superefficient networking technology into its smart home projects in order to fully expand the business.
During the period under review, the traditional video disc player market has been affected by the upgrading of network bandwidth, increased popularity of tablet computers and smartphones, resulting in severe pressure for the business. The Group will stringently control the investments on related products in order to focus its resources on other business segments with higher development potential. To capture the opportunities arising from the gradual opening of ABS-s market by the State Administration of Radio, Film, and Television, the Group further expanded its scale of ABS-s business which resulted in a turnover of approximately HK$184.2 million, representing a sharp increase of 350.4%. By developing into high-end set top box markets in Europe, India and Africa, ABS-s retail business will gradually develop into an important source of income for the Group.
In terms of production and supply chain management, apart from optimising human resources system, increasing automation of equipment and implementing smart warehouse logistics management systems, the Group is also expanding the production capacity of Huizhou production base. The project is expected to be completed and commerce operation in the fourth quarter this year, which will further expand its production lines and integrate its supply chain to enhance production efficiency. The Group has also vertically integrated the molding and plastic parts manufacturing and electroacoustic units of its subsidiaries to achieve synergy and reduce production costs.
Management of Tonly Electronics stated, "Facing the challenging operating environment, the Group will continue to strengthen its product innovation and development capabilities of core technologies to optimise product mix with diversified products that cater to market demands and consumer preferences. We will further invest and allocate more resources on R&D and focus on the development of smart home business, in order to capture the business opportunities in North America and the PRC. With the successful transformation of business and implementation of the "innovative traction, wisdom transition" strategy, we believe that turnover will gradually pick up in the second half of 2016 and we are confident in long term prospect our business."
About Tonly Electronics
Tonly Electronics Holdings Limited (stock code: 01249) as a high-tech smart products manufacturer with competitive advantages in the industry, is principally engaged in the research and development, manufacturing and sales of audio-visual products and wireless intelligent interconnectivity products. It is also devleoping into smart home business. Tonly Electronics is one of the ABS-s manufacturers under the programmes of "Hu Hu Tong" and "Cun Cun Tong" initiated by The State Administration of Radio, Film, and Television ("SARFT"). The Company will establish the most competitive new ODM industry platform based on acoustic and wireless internet technology. Its ultimate controlling shareholder is TCL Corporation (a company listed on the Shenzhen Stock Exchange, Stock code 000100.SZ).
For more information, please visit its website at www.tonlyele.com.
- ASIA TODAY Newswire http://www.AsiaToday.com
China Merchants Land Limited ("China Merchants Land" or "the Company", stock code: 00978) and its subsidiaries (the "Group") has appointed Mr. Xu Yongjun, the director and general manager of the controlling shareholder, China Merchants Shekou Industrial Zone Holdings Co., Ltd. (招商局蛇口工業區控股股份有限公司) ("China Merchants Shekou"), as a non-executive director and the chairman of the board of China Merchants Land. The appointment of Mr. Xu as the chairman is beneficial to the synergetic deployment of strategic resources and win-win development of the domestic and overseas listed platforms under China Merchants Shekou and China Merchants Land, and is conducive to the strengthening of China Merchants Land's strategic position. After several months of preparation, a series of measures have swung into action.
Resume asset injection, leveraging listed platform to integrate overseas assets
China Merchants Land today announced entering into agreements with a wholly-owned subsidiary of China Merchants Shekou for the acquisition of the properties consisting of a building erected on Connaught Road West ("CM+ Serviced Apartment, North Tower") and a partially completed building on New Market Street, Hong Kong ("CM+ Serviced Apartment, South Tower"), for a consideration of no more than approximately HK$506 million and HK$609 million respectively. China Merchants Land will finance the consideration for the aforesaid acquisitions by banking facility.
China Merchants Shekou injects its wholly-owned premium properties in Sheung Wan, Hong Kong - the north and south towers of CM+ Serviced Apartment into China Merchants Land, fully leveraging China Merchants Land's overseas listed platform to integrate its assets in Hong Kong to achieve mutual benefits. The total site area of CM+ Serviced Apartment, North Tower, is approximately 236 sq m. Its aggregate gross floor area amounts to approximately 3,541 sq m, comprising a total of 54 units for domestic use. The total site area of CM+ Serviced Apartment, South Tower, is approximately 363 sq m, with foundation works completed and superstructure works commenced around March 2016, which are expected to be completed by August 2017. The aggregate gross floor area of South Tower amounts to approximately 5,448 sq m and consists of 81 guest rooms for domestic use.
The said transaction signifies the resolution of China Merchants Group and China Merchants Shekou to continue to expand and enhance their overseas listed platform, resuming and accelerating asset injection activities. In the short run, the Group will leverage its fund-raising abilities to provide funds to rejuvenate and explore the potential of China Merchants Shekou's existing overseas assets, creating values for both the domestic and overseas platforms. In the long run, the Group will fully leverage the highly efficient and diversified overseas financing channels to gradually realise light-asset operations by specialising in property operation management service and property finance service via the separation of light and heavy assets.
Strengthen the management team to improve execution capabilities
In addition, China Merchants Land announced the appointment of Executive Director Mr. Yu Zhiliang as general manager of the Company. Mr. Yu, who previously worked as the chief financial officer of the Group, has over 15 years of experience in the property industry. During his service as chief financial officer, Mr. Yu had demonstrated outstanding performance in managing property finance, financing, cost control and monitoring internal control of China Merchants Land. Besides excelling in the area of financing and accounting, Mr. Yu also has extensive experience in operations and corporate governance through years of involvement in the management of relevant property business of China Merchants. Ms. Jin Yan will take over as the chief financial officer. Ms. Jin has been working for China Merchants Shekou for a long time, and is in charge of financial and funds management activities. She is familiar with the capital market of Hong Kong, and is well-versed in financing and financial management, which will be conducive to the Company's property finance business development. With new management appointments, the core management team comprising Mr. Yu Zhiliang, executive director and general manager, Mr. Wong King Yuen, executive director and deputy general manager, Ms. Jin Yan, chief financial officer, Mr. Wang Yu, director for investment, and Ms. Chan Wing Yan, secretary to the board of directors, has extensive experience in the aspects of property investment, asset operation and property finance, etc.
According to the interim results announcement of China Merchants Land, the Company realised contracted sales for the first six months of 2016 of RMB8.47 billion, representing a year-on-year increase of 116 per cent, thereby laying a solid foundation for the Company's subsequent operating results.
About China Merchants Land Limited
China Merchants Land is a holding company with comprehensive capabilities of property development, operation and management. Its property portfolio spans across Guangzhou, Chongqing, Foshan, Nanjing and Xi'an. China Merchants Shekou Industrial Zone Holdings Co., Ltd. indirectly owns a 74.35 per cent equity interest in the Company.
- End -
- ASIA TODAY Newswire http://www.AsiaToday.com
Successful bidding of a prime land parcel in Qianhai, Shenzhen at RMB 4,207.2 million
by New World Development and Chow Tai Fook Enterprises,
striving to build the second commercial project of the Group in Qianhai
(Hong Kong, 18 August 2016) - New World Development Company Limited (The "Group"; stock code: 00017) is pleased to announce that, the Group and Chow Tai Fook Enterprises Limited ("CTFE") were awarded the tender by Qianhai Authority to acquire the land use rights of the land parcel T201-0092 at Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Shenzhen at a consideration of RMB 4,207.2 million. The joint venture, owned as to 30% and 70% respectively by New World China Land Limited ("NWCL"), a wholly-owned subsidiary of the Group and a wholly-owned subsidiary of CTFE, is responsible for the project development.
The project will be the second commercial project developed by the Group following its Qianhai Chow Tai Fook Global Goods Shopping Center ("HOKO") in that region. The Group has also become the only Hong Kong brand which develops more than one commercial project in Shenzhen Qianhai Free Trade Zone.
T201-0092 is located in Guiwan area, being the core financial business district in Qianhai, Shenzhen (深圳市前海中心金融商務區桂灣片區), and designated for commercial use with a site area of approximately 18,218 square meters and permissible total gross floor area of 170,000 square meters, of which 148,360 square meters will be allocated for office use. It is the intention of the Group to develop a financial and commercial complex on the land.
Pursuant to the terms of the tender, among other things, out of the office premises to be developed on the land, gross floor area of not less than 45,000 square meters but not more than 55,000 square meters and out of the commercial premises to be developed on the land, gross floor area of not more than 1,000 square meters shall be sold one-off to a foreign financial institution listed in Fortune 500 in 2015 as its regional headquarters or functional headquarters. The Group is in proactive negotiation with potential buyers.
The project enjoys an excellent geographical location by situating at the convergence of five metro central lines in the core area of finance and commercial development in Qianhai. It is expected that the project will boost the development of the financial industry in Qianhai, further strengthening the position of the financial industry in Qianhai among the state-level new areas across Mainland China, as well as enhancing the influence and the synergies of various industries in such core segment.
"The successful bid of the tender for this major commercial project jointly by the Group and CTFE not only reflects the full support from our major shareholders to the Group that realizes the belief of "Branches Grow with Roots Remaining as One", but also releases the great synergy between the Group and its associated corporations. Blending the spirit of The Artisanal Movement with innovative and avant-garde ideas, the Group continues to optimize the assets, products and services in Mainland China. We will proactively identify opportunities to strengthen the brand position of New World in the market of Mainland China, provide our customers with a unique experience and create values for our stakeholders" claimed Mr. Adrian Cheng, Executive Vice-Chairman and Joint General Manager of New World Group.
The Cheng's Family has been optimistic about the economic prospects of Mainland China, and is always confident on the long-term economic development in the PRC. Dr. Henry Cheng, Chairman of the Group, has also emphasized, on several occasions, that the Group is strived to pursue the business in Hong Kong and the PRC, reflecting how much the Group is concerned about the business development in Mainland China. As the Group's property development and investment flagship in Mainland China, NWCL will strengthen the key real estate project development with enormous potential in Mainland China.
It is expected that the total investment of the project will be RMB 8 billion.
This media information is also available at NWD's website (www.nwd.com.hk).
New World Development Company Limited
Founded in 1970, New World Development Company Limited ("The Group", Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality defined by The Artisanal Movement, New World Group's core business areas include property development, infrastructure and services, department stores and hotels. As at 31 December 2015, the total asset value of the Group amounted to HK$409.7 billion. The Group has an effective interest of approximately 61% in NWS Holdings Limited (Hong Kong stock code: 00659), approximately 72% in New World Department Store China Limited (Hong Kong stock code: 00825). New World China Land Limited is wholly owned by the Group.
- ASIA TODAY Newswire http://www.AsiaToday.com
HONG KONG --(ASIA TODAY)-- Running from 20 – 22 September, Paperworld China 2016 will gather famous brands to display and launch new products. The fair will showcase a wide range of products including stationery, office supplies, school & artist items and gifts. Prominent brands such as Dokumental, Online, Pilot, Senator and Zebra for writing instruments, Lyra, Nicker, Pebeo, Simbalion and Superstrong for artist supplies, as well as Easymate and Foldermate for organisation aids will attend Paperworld China. Among the exhibitors, visitors can also find iBeacard, IBM, Robotcheers and TPPS for office supplies, as well as Handscript, Kiky, Languo, Paperblanks and Uzhi for paper products and school products.
IBM, the world renowned brand for computer related hardware, is launching its toner cartridges in the Chinese market for the first time and using the fair to do so. At Paperworld China 2016, the company is expecting to meet business partners to launch its toner cartridges for HP laser printers in China. This imported product meets EU eco standards, and can offer high quality printing.
Robotcheers will also use Paperworld China as a platform to introduce their commercial-use robot, which is able to communicate with humans and can move around independently. The company is targeting to become an important intelligent robot developer, and is expecting its product to be widely used as a receptionist in commercial buildings, shopping malls, exhibitions, hotels as well as restaurants.
Creative Pavilion inspires creativity
Creative Pavilion is one of the special zones in Paperworld China 2016. The zone is dedicated to hobby and handicraft materials and tools. Targeting buyers from dealers, department stores, retailers and bookshops, important brands such as Brother, Hirakata, Kidstoyo and Rosie’s Studio will present creative ideas at the fair in this pavilion.
Pébéo, a French paint brand that has high standards on product safety and quality, is returning to the Creative Pavilion this year. At Paperworld China 2016, Pébéo will present the company’s new series “Mixedmedia”. This new drawing concept encourages artists to use two or more diverse painting materials and media to create an art piece. Tools and techniques for “Mixedmedia” will be introduced at the show.
Seminars are also arranged for hobby & crafts related topics such as soft clay and knitting. Among the speakers are Ms City, who will offer a seminar on ball-jointed doll, as well as Ms Yu-ming Wang presenting on pressed flower on behalf of the United Pressed Flower Art Society, Taiwan.
The 12th edition of Paperworld China will be held at the Shanghai New International Expo Centre. It is expected to welcome around 400 exhibitors and brands from 12 countries and regions. The show is jointly organised by Messe Frankfurt (Shanghai) Co Ltd, the China Chamber of Commerce for I/E of Light Industrial Products & Arts-Crafts and Guangzhou Foreign Trade South China Exhibition Corp Ltd.
For more information about the show, please visit www.paperworldchina.com
Other shows under the Paperworld brand include:
• Hong Kong International Stationery Fair
9 – 12 January 2017, Hong Kong
28 – 31 January 2017, Frankfurt am Main
• Paperworld Middle East & Playworld Middle East
14 – 16 March 2017, Dubai
Tel +852 2230 9225
Fax +852 2598 7919
- ASIA TODAY Newswire http://www.AsiaToday.com
20 August 2016, National Heart Centre - Minister for Health, Mr Gan Kim Yong was the Guest-of-Honour for the Home Nursing Foundation („HNF‟)‟s 40th Anniversary Conference, “Futurescape: Home Healthcare – Local and International Perspectives” at the National Heart Centre on 20 August. More than 200 Singapore‟s healthcare policy makers, regulators, healthcare professionals and community healthcare leaders had registered to attend the conference.
The conference brought to the delegates engaging dialogues on the anticipated needs of a greying population and a sharing of frameworks abroad and in Singapore on community and home healthcare services for the future. Featuring a panel of both local and international experts, the speakers shared valuable insights on the community homecare models in their own countries.
Discussions included the evolution of care models in the United Kingdom; the community service delivery model in Hong Kong; home visits and telephone calls as interventions in post-discharged transitional care; interventions for frailty within a community setting and harnessing information technology as an aid in home healthcare.
Ms Karen Lee, Chief Executive Officer (CEO), HNF and Conference Co-Chairperson, said, “The Ministry of Health anticipates the number of seniors aged 65 years and above to spike from 430,000 in 2015 to over 900,000 by 2030. The rapidly, ageing population will be catalytic in driving up demands for an integrated healthcare system to effectively address the challenges and needs of our seniors.
Ms Karen Lee added, “A paradigm shift in how we approach healthcare is warranted and beyond the acute setting, we should also be ramming up our efforts in steering community-based care for greater equity in addressing the needs of an ageing population. The synergistic and collaborative efforts by all partners in the healthcare ecosystem are integral for us in taking the next big leap in developing a comprehensive community and home healthcare service model to better support Singapore‟s ageing population in the years ahead.
Professor Peter Lim Ai Chi, Advisor to HNF Board of Management and Conference Advisor, spoke on HNF‟s new productivity initiatives and collaborative partnerships as HNF continues in its strides to be the leading, single healthcare provider with a multidisciplinary approach. With this platform, HNF will be in a stronger position to facilitate patient transition from an acute to the community care setting seamlessly.
For media contact and enquiries:
Mr Kenneth Tan
Communications & Development
Tel: 9109 8509
Mr Malcolm Chang
Tel: 9388 5300
About Home Nursing Foundation (HNF)
Founded in 1976, HNF is one of the oldest and most established charities that provide home care in Singapore. We deliver comprehensive care programmes that are dedicated to our patients. Our services include home-nursing, home-therapy and home-medical care. Beyond home healthcare, we look after patients‟ social well-being and other practical daily needs, to bring care and support into the homes of those in need.
Home is the best place to recover from or cope with an ailment. At HNF, we embrace our patients with all-round support they can depend on. We start with understanding your needs, and together with our nursing & medical team and network of partners, we will devise a personalised home care programme for each individual. Quality patient care is paramount in our daily operations. We work towards making their life a better one each day with their best interests at heart. More information is available at www.hnf.org.sg.
- ASIA TODAY Newswire http://www.AsiaToday.com
Seized market opportunities and optimize product mix, Improve internal management and enhanced innovation capabilities
Revenue was approximately RMB4,380 million, a year-on-year decrease of approximately 9.9%
Gross profit was approximately RMB74 million, a year-on-year decrease of approximately 63.9%
Net Profit attributable to owners of the parent was approximately RMB343 million, a year-on-year increase of approximately 9.2%
Earnings per share were RMB0.29, a year-on-year increase of approximately 11.5%
(Hong Kong, August 22, 2016) - Weiqiao Textile Company Limited ("the Company" or "Weiqiao Textile") and its subsidiaries, collectively the "Group") (HKEX: 2698), the largest cotton textile producer in China, announced its unaudited interim results for the six months ended June 30, 2016 (the "Review Period" or the "Period").
In the first half of 2016, the global economy recovered slowly with persistently sluggish demand. The overall domestic economy maintained stable development momentum, with steady advances in supply-side structural reform and economical upgrades and transformation as well as the characteristics of the "new normal" being more evident. On the industry side, demand for textile products from domestic and overseas markets remained weakened, and the sales price of Chinese textile products hovered at a low level.
During the Period under Review, affected by weakened domestic and overseas demands for textile products, volatile fluctuations in cotton price, coupled with partial sale of inventory by the Group in the first half of the year, the gross profit of textile products of the Group decreased significantly. However, the profits from the sales of electricity recorded substantial increase due to the increase in electricity generation volume and the slight decrease of unit power generation cost as a result of the Group's thermal power assets. During the Period, the Group recorded revenue of approximately RMB4,380 million, representing a decrease of approximately 9.9% over the same period in 2015. Net profit attributable to owners of the parent was approximately RMB343 million, representing an increase of approximately 9.2% over the same period in 2015. Earnings per share were RMB0.29. The Group's gross profit margin was approximately 1.7% for the Period, representing a decrease of approximately 2.5 percentage points over the same period last year.
During the first half of 2016, the Group undersold part of its inventory products according to market opportunities. As a result, the gross profit of textile products of the Group decreased significantly. Despite this, the profits from the sales of electricity recorded a substantial increase due to the increase in electricity generation volume and the slight decrease of unit power generation cost benefitting from the Group's own thermal power assets and the completion of the acquisition of thermal power assets in May 2016.
During the Period, the approximate percentage of revenue contributed by the Group' s cotton yarn, Grey fabric and denim are 34.4%、55.9% and 9.7%, respectively, the same with that as recorded in the corresponding period of last year. The following table shows the breakdown of revenue by products for the six months ended 30 June 2016 and the corresponding period of 2015, respectively:
Six-month period ended
30 June 2016 (RMB 000')
Six-month period ended
30 June 2015
(RMB 000' ) Change
(%) Sales p
During the Period under Review, the Group adjusted its production plans timely according to market conditions. The Group's cotton yarn output was approximately 168,000 tons, representing an increase of approximately 4.3% compared with the corresponding period of last year; grey fabric output was approximately 406,000,000 meters, representing a decrease of approximately 9.4% as compared with the corresponding period of last year; denim output was approximately 39,000,000 meters, representing an increase of approximately 5.4% as compared with the corresponding period of last year.
The following table shows the geographic breakdown of revenue for the six months ended 30 June 2016 and the corresponding period of 2015, respectively:
Six-month period ended
30 June 2016 (RMB 000')
Six-month period ended
30 June 2015
(RMB 000' ) Change
(%) Sales proportion for 2016
Note(1)：Southeast Asia includes Vietnam, Thailand, Malaysia, Indonesia, the Philippines and Burma.
Note(2)：East Asia includes Japan and South Korea
Note(3)：Others mainly include Southeast Asia, the US, Europe, Taiwan and Africa
For the six months ended 30 June 2016, the respective proportion of the Group's domestic and overseas revenue remained relatively stable, with the proportion of overseas revenue being approximately 30.7% and the proportion of domestic revenue reaching approximately 69.3% for the Period.
All production bases of the Group are located in Shandong Province, the PRC. Production of the Group was steady and all facilities were functioning in good conditions during the Period under Review. During the Period under Review, in order to further strengthen business management, improve operation efficiency and enhance performance assessment, the Group established four wholly-owned subsidiaries based on the division of various production bases and business sectors, among which, three subsidiaries are engaged in production and sales of textile products while the other one is engaged in the operation of the Group's own power assets. The changes in the Group's management structure, reporting procedures and assessment system caused a change in the composition of its reportable segments for the current period, and generation and sales of electricity was identified as a new reportable segment. The Directors believe that continuous improvement of internal management mechanism and operation efficiency will lay a solid foundation for the longterm development and help to boost the operating results of the Group.
Other Income and Gains
For the six months ended 30 June 2016, other income and gains of the Group were approximately RMB1,053 million, representing an increase of approximately 34.0% from approximately RMB786 million for the corresponding period of last year. This increase was mainly due to the increase of the gains from the sales of electricity resulting from the increase in sales volumes of electricity and further reduced costs for unit power generation due to a decrease in coal price during the Period.
For the six months ended 30 June 2016, the Group's sales of electricity amounted to approximately RMB1,554 million, representing an increase of approximately 26.8% as compared with the corresponding period of last year with a gross profit of approximately RMB929 million, representing an increase of approximately 32.1% as compared to the corresponding period of last year. The increase in revenue and gross profit of sales of electricity as compared with the corresponding period of last year was mainly attributable to the increase in electricity generation volume and external sales volume as a result of the Group's own thermal power assets during the Period. Concurrently, the decreased coal price during the Period resulted in a slight decrease in the unit power generation cost.
Selling and Distribution Expenses
For the six months ended 30 June 2016, the Group's selling and distribution expenses was approximately RMB67 million, representing an increase of approximately 3.1% as compared with approximately RMB65 million as recorded in the corresponding period of last year. Among these expenses, transportation costs increased by approximately 18.4% to approximately RMB45 million from approximately RMB38 million for the same period of last year, which was mainly due to the increase in the fees for transportation resulting from an increase of the sales volume of products of the Group during the Period. Salary of the sales staff was approximately RMB8 million, representing a decrease of approximately 33.3% from approximately RMB12 million for the corresponding period of last year. It was the decrease in revenue of the Group during the Period that led to a corresponding decrease in the salary of such sales staff. Sales commission was approximately RMB4 million, representing an increase of approximately 33.3% from approximately RMB3 million for the same period of last year, which was primarily due to the increase in commission ratio due to the Group's efforts in exploring emerging markets.
For the six months ended 30 June 2016, the administrative expenses of the Group was approximately RMB183 million, representing an increase of about 8.3% from approximately RMB169 million for the corresponding period of last year. The increase was primarily attributable to the increase of corresponding administrative expenses resulting from the payment of relevant stamp duties for the establishment of several subsidiaries which divided the business units of the Company during the Period.
For the six months ended 30 June 2016, finance costs of the Group were approximately RMB272 million, representing a decrease of approximately 10.8% from approximately RMB305 million for the corresponding period of last year, among which, the interest expenses amounted to approximately RMB272 million, representing a decrease of approximately 13.1% as compared with approximately RMB313 million for the corresponding period of last year, which was mainly attributable to the repayment of part of the bank loans by the Group during the Period and the decrease in the borrowing interest rate of the Group. Meanwhile, due to the depreciation of Renminbi, an exchange gain of approximately RMB11 million was recorded by the Group during the Period, while an exchange gain of approximately RMB8 million was recorded for the corresponding period of last year.
Ms. Zhang Hongxia, Chairman of Weiqiao Textile, said, "Looking forward to the second half of 2016, despite all the challenges faced by the industry such as uncertainties around the growth of the global economy, lackluster demand in the textile product market, rising labor costs and shortage in quality cotton supply, the Chinese textile product and apparel industry is well posed to maintain overall stable operation. Facing the challenges and opportunities under the new environment, Weiqiao Textile will continue to focus on innovating management approaches, reducing costs and enhancing efficiency, improving productivity and increasing the added value of the products. The pilot intelligent plant of the Group which is located in the industrial park at Zoupin County will be completed and put into operation in November 2016. The number of the workers per ten thousand spindles will be reduced to fewer than ten by then, effectively reducing labor costs as well as improving intelligence and automation level. The Group will also exert efforts to build a multi-layer talent cultivation system that advocates entrepreneurship and craftsmanship, so as to improve its management and innovation capability. The Group will stick to the strategy of developing middle to high-end products, improving product quality and increasing the number of products catering to the market and consumer needs, so as to constantly improving its gross margin. While exploring both domestic and overseas markets, the Group will place equal emphasis on domestic and export sales and adopt a flexible sales strategy. The Group will take a flexible approach to purchase cotton in response to the government policy, in an effort to reduce impact of volatile in raw material costs on the production and operation of the Group. The Group will continue to fulfill its social responsibilities of energy saving and environmental protection with high standards and strict requirements, in pursuit of an energy effective growth approach with low investment, low energy consumption, low emission and high efficiency, so as to lay a solid foundation for sustainable development of the Group. At the same time, the Group will continue to optimize the productivity and operation of its own power plants, with an aim to improve its overall profitability and create greater return for its shareholders."
About Weiqiao Textile
Weiqiao Textile Company Limited, a non state-owned enterprise, is the largest cotton textile producer in the PRC, specializing in the production, sales and distribution of cotton yarn, grey fabric and denim. During the past ten years, the Group developed large-scale production capabilities by capitalizing on China's rapid economic growth. It has achieved a strong position in the global textile markets by employing advanced technology in state-of-the-art facilities. Weiqiao Textile is located in Shandong, China's second largest cotton producing province. The Group has four production bases in Weiqiao, Binzhou, Weihai and Zouping and employs approximately 68,000 people. As at June 30, 2016, the Group produced approximately 168,000 tons of cotton yarn, 406,000,000 meters of grey fabric and 39,000,000 meters of denim.
This press release distributed herewith includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Weiqiao Textile expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. Weiqiao Textile's actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, market shares, competition, environmental risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions, political risks, project delay, project approval, cost estimates and other risks and factors beyond our control. In addition, Weiqiao Textile makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.
Ms. Wang Mingyue
Tel: (852) 2232 3978
Fax: (852) 2117 0869
Ms. Wei Wei
Tel: (852) 2232 3966
Fax: (852) 2117 0869
- ASIA TODAY Newswire http://www.AsiaToday.com
Asia Today editor recently interviewed Mr. Andrew Tjioe, Vice-Chairman, FLA Singapore, discussing about franchising, branding, and the current and future trends faced by F&B industry as a whole. Below are the questions and answers:
1. What are some of the current trends in the F&B industry and where it is headed?
Singapore has always had a very vibrant F&B scene. While it is known to be a foodie destination for tourists, local consumers are always on the lookout for the latest gastronomic trends. In addition, they are very open to trying new fare and a large majority of them are well travelled – it is this spirit that makes franchising such a popular business model in the industry, as franchisors bring in established international brands to cater to the tastes and preferences of the local market.
Business opportunities in the local F&B industry are vast as eating out is a popular lifestyle choice for most local consumers. In fact, the latest National Nutrition Survey conducted by the Health Promotion Board in 2010 showed that six in 10 Singaporeans eat out at least four times a week. We expect to see the industry grow even further and flourish as retailers reinvent themselves to stay ahead of the curve, and new entrants enter the market with innovative and trendy ideas to try to capture a portion of the pie.
Convenience food is being reinvented with unique concepts such as Singapore’s first vending machine café, which has seen overwhelming support since its launch less than a month ago. Though in its early stages, its popularity may spark more of such similar concepts around the island with various innovative meals being served from these machines. We are also seeing a greater number of F&B retailers placing more emphasis and attention on the photogenic quality of their brick-and-mortar store – in interior design, ambience and food styling – as retailers adapt to the shifting demands and preferences of the local market.
On the flip side, Singapore is also a very tech-savvy nation and we are seeing a disruption in the F&B industry as it heads in the direction of online and mobile-based food delivery services. Convenience is the trend heading the F&B industry and there is a shrinking need for consumers to physically head out to ‘eat out’. The rise in the number of food delivery services being made available across the island has made it easier for consumers to gain access to a wide variety of food options without leaving the office or the comforts of home, and we anticipate more businesses to jump on the delivery bandwagon, by offering such services on their own or leveraging on the strong network of fans and subscribers of third-party vendors like Deliveroo or UberEATS to grow their customer base.
Some businesses may even take it a notch further by allowing patrons to customize their meal boxes and weekly deliveries online and in advance, then delivering each meal to their doorstep on the chosen days of the week. Which such customized services, there is now less of a need for consumers in Singapore to eat out, and this lifestyle trend is certainly expected to continue.
Lastly, besides making reservations through online websites and mobile apps, technology has further enabled the growth of secure and established mobile payment gateways. Businesses are increasingly making use of this secure technology to manage their services efficiently – consumers can order their meals online, then head to the outlet to pick it up and make payment all with the swipe or tap of a card – and it is this convenience and the opportunities created by technology that will continue to shape the future of the F&B industry.
2. How can franchises stay afloat in this competitive market?
The F&B industry is first and foremost a services industry, so franchises need to understand the importance of customer interaction to create loyalty, establish long-term relationships and grow word-of-mouth endorsements amongst customers. In particular, international franchises can make themselves more approachable by taking the time to speak with local customers and engaging with them to hear their thoughts, suggestions and feedback.
Social media is also a significant avenue for sharing and reading reviews online, particularly in this day and age, and local consumers rely on them especially when exploring new dining options. To remain competitive and secure positive reviews, franchises should ensure that they are constantly providing exceptional services and creating memorable experiences for their customers.
Facebook is a useful and lucrative platform for engaging in two-way communications with customers, and presents another outlet to receive feedback and share suggestions. In addition, Instagram is a great avenue for businesses operating in the F&B industry. By its very nature, this platform focuses on imagery, which is the most effective way to entice customers to try out your food and other offerings. WeChat is also another avenue that is growing in popularity – it not only caters to the Chinese market but even to locals in Singapore.
Businesses can only compete effectively when they put in effort to monitor their social media pages and share interesting content and deals to grow their online presence. If done right, franchises can monitor and measure customer complaints and reviews, further translating them into valuable insights to grow and improve the business. For a more effective marketing strategy, brands should further analyze their target audience, pick the most relevant channels and concentrate their efforts on developing these social platforms well.
Finally, it is also imperative to keep abreast of the latest trends in the industry. Businesses that can react and adapt to industry trends while retaining the essence of their brand will definitely benefit from the hype. Additionally, international franchises can also consider localizing their offerings by adapting it to consumer tastes and preferences in the market.
3. What are some tips for businesses looking to enter into the franchising and licensing space within the F&B industry?
• Understand your business – Franchisers need to understand the franchise thoroughly in order to be able to make the best business decisions for the brand. Always remember that the decisions you make at the beginning of your franchise journey will impact the business in the long term, so take the time to understand the brand and the people that drive it, such as your employees and customers.
• Know your franchisor and the brand identity – When looking for a suitable franchise, research your potential business partner to find out more about their long term goals and plans for the business. Ensure that their goals, motives and practices align with yours and always ask questions to ultimately ascertain the viability and suitability of the franchise for you.
• Seek professional advice – If you are a new business owner in the franchising and licensing industry, look for avenues and associations that can help you kickstart and guide you through your journey. The Franchising and Licensing Association (Singapore) has been set up for this very cause. We organise many events, mission trips, seminars and conferences for both members and investors who are keen to learn more about franchising. In particular, Fundamentals of Franchise Management (FFM) is FLA Singapore's flagship workshop conducted several times a year and designed with the purpose of helping and guiding businesses in their franchising needs along with local and international expansion.
• Be financially savvy – Before you get into a franchise business, consider your financial obligations and find out if you can meet them. Speak to experienced franchisees and ask questions about cash flow, ROI, and sales expectations.
• Location is key – Research thoroughly on the location of your franchise. Look at the demographics and footfall of some successful locations in the brand and try to replicate it or use it as a benchmark for your own location scouting purposes.
4. What are some ways FLA helps business owners in their franchising and licensing journey?
FLA provides a smorgasbord of activities and incentives for its members, such as:
1. Education & Training Workshops
2. Networking Sessions
3. Overseas Trade Fair Participation & Business Matching Sessions
4. Assistance with Government Grants
5. Discounted rates for FLAsia Show
6. Annual FLA Awards that provide branding and quality benchmarking for franchisors e.g. International Franchisor of the Year. These awards also provide confidence for potential franchisees and help to grow the industry.
- ASIA TODAY Newswire http://www.AsiaToday.com
BANGKOK --(ASIA TODAY)--ASIA COLD CHAIN SHOW (ACCS) & ASIA WAREHOUSING SHOW (AWS) 2016 showcased new technology and products manufactured by companies from Thailand and other parts of the globe from 06-08 July 2016 in BITEC, Bangkok.
Both events have surpassed expectations with robust exhibitors and visitors participation. ACCS & AWS 2016 has attracted quality trade professionals from Thailand, ASEAN countries and rest of the world.
The exhibition was inaugurated by Mr. Phot Thiamtawan , Vice Chairman, Thai Airfreight Forwarders Association(TAFA) , Mr. Arie Veldhuizen, Agricultural Counsellor, Dutch Embassy, Mr. Mahabhir Koder, Chairman, Hazardous Substances Logistics Association (HASLA), Thailand Convention and Exhibition Bureau (TCEB) officials and Mrs. Kiran Mittal, Managing Director, Manch Communications (Thailand) Co. Ltd.
Cold Chain & Warehousing Summit was attended by 253 delegates from the entire segment of cold and dry logistics. Summit witnessed the stalwarts of Supply Chain industry sharing their experiences and knowledge with the delegates.
Representation from companies like Amway, Asian Seafood Ltd, 3 Seasons Fruit Industry Co., Ltd., Ab Logistics (Thailand) Co., Ltd., Berli Jucker Public Company Limited, Berjayapak Sdn Bhd, Brose Delloyd Automotive Co., Ltd., Central Food Retail Co., Ltd., Chaophaya Fishery Co., Ltd., Dksh Thailand Ecco Shoes (Thailand) Co. Ltd., Eternity Grand Logistics Plc., FS Shipping (M) Sdn Bhd, Harmony Logistics Co.,Ltd, Kff Logictics Sdn Bhd, King Power International Co.,Ltd, Linfox M Logistics (Thailand) Ltd., Mitsubishi Logistics Corporation, Nestle Thailand, , Saming Foods Corp. Ltd., Sriprasit Pharma Co.,Ltd., Thai Dairy Co., Ltd, Toll Logistics (Thailand) Co., Ltd., Valeo Service Asean, Zuellig Pharma Pte Ltd and several more made the event truly international.
The next edition of Asia Cold Chain Show & Asia Warehousing Show has been announced from 3rd to 5th April 2017 in Bangkok.
- ASIA TODAY Newswire http://www.AsiaToday.com
Global warming is expected to damage rice production in Korea as increasing areas of the country become suitable for tropical fruit farming.
The Rural Development Administration warned that Korea's rice output will fall to 408.7 kg per 1,000 sq.m in 2040, a 13.6-percent decline compared to 473 kg from 1990 to 2000.
If global warming progresses at the current pace, Korea's rice output could fall 22.2 percent by 2060 and 40.1 percent by 2090, it estimated.
Only tropical rice strains flourish in hot weather, but not the kind Korean consumers prefer. The optimum temperature for the strains most Koreans consume is less than 27 degrees Celsius.
The areas suitable for tropical fruit farming are spreading northward. The cities of Daegu and Busan as well as South Jeolla and Chungcheong provinces produced no tropical fruit until 2014. But last year orchards began producing tropical fruit for the first time ever.
According to the Korea Rural Economic Institute, the total area in the nation that grew tropical fruit stood at 1.07 million sq.m consisting of 264 farms last year, a whopping 83.7 percent rise in the total area and a 51.7 percent increase in farms growing tropical fruit compared to 2014. Last year, Korea produced 1,174 tons of tropical fruit, up 52.5 percent compared to 2014.
North Gyeongsang Province has traditionally been an apple-growing region, accounting for 62 percent of total output of the fruit in Korea. But by 2090 apples are expected to disappear from the province.
Apple-growing regions have already crept northward up to mountainous Gangwon Province, which now focuses on apples and grapes due to changing climatic patterns. Even peaches are being grown in Gangwon Province now.
A growing number of farms on the southern resort island of Jeju are apparently switching from tangerines to other crops, and by 2070 the traditional tangerine-growing region is expected to shift to Gangwon Province as well.
Although tropical fruit output is rising, farmers need to think twice before they switch.
The National Institute of Horticultural and Herbal Science, which is affiliated with the RDA, said bananas and pineapples grown in Korea are often edged out by cheaper imports. It advised farmers to prepare thoroughly before switching to tropical fruit since it takes between three to four years until the first harvest.
BANGKOK - VGI Global Media PCL (SET: VGI), Thailand's leading provider of lifestyle media solutions, has announced the acquisition of Rabbit Business from the BTS Group. The acquisition will enable VGI to become a 'DCMH', or 'Data-Centric Media Hypermarket', using Rabbit data analytic capabilities to create innovative and effective audience targeted media services. The acquisition will also enhance VGI's online media service platform, in response to consumers increasing digital lifestyles, broaden the Company's consumer reach to 25 million p.p.d., and boost media production revenue capacity from THB 3,900 million to THB 7,300 million.
Mr Surachet Bamrungsuk, Chief Executive Officer, VGI, revealed that the board of directors' meeting had resolved to approve the acquisition of 90% of the shares in Bangkok Smartcard System Company Limited (BSS) and 90% of the shares in BSS Holdings Company Limited (BSSH). The investment in BSS and BSSH will require the total funding of THB 1,956 million. With this acquisition, VGI enters into an e-payment business that provides Rabbit Card as a payment tool for traveling on the BTS Sky Train and for purchasing merchandise from leading retailers countrywide.
Additionally, VGI acquires an e-wallet business through Rabbit LINE Pay, a function embedded in LINE application (which is the most popular instant messaging platform with over 33 million active users in Thailand). This will enable users to purchase merchandise from online and brick-and-mortar retail stores, while allowing VGI the possibility to extend services to cover online payment for BTS Sky Train fares and retail purchases within Rabbit Card's merchants network nationwide through their mobile devices. Moreover, Rabbit Business also consists of other online businesses operated by Rabbit Internet, including Rabbit Daily, which provides lifestyle content through a web portal, and Rabbit Finance, which is a licensed, leading online financial products comparison website previously known as ASK Hanuman.
"This is a strategic move which allows VGI to revolutionize traditional advertising by raising the effectiveness and measurability of advertising campaigns. We will use Rabbit's rich database, which currently has more than 7.2 million users, to roll out data analytics to support VGI's media planning, production and sales, and to ensure clients benefit from the nationwide data-driven media network. Furthermore, this will open new windows for VGI to spur innovation and to move and synchronize with today's digital consumer and contempoary lifestyle," said Mr. Surachet.
Currently, VGI manages media on BTS Sky Train stations, trains, office buildings, residential buildings and airports. The recent acquisition of shares in Master Ad PCL (SET: MACO) has allowed VGI to consolidate and further expand its out-of-home media network. Mr. Surachet mentioned that the company has spent nearly THB 3,000 million in a series of acquisitions this year; as such the business is expected to expand and continuously develop in catering to the modern lifestyles of todays consumers.
About VGI Global Media PCL
VGI Global Media Public Company Limited (SET:VGI) is Thailand's major provider of out-of-home media solutions, having more than 10,000 items of large still-image screens in the BTS skytrain network and large retail stores nationwide. It also has over 11,000 sq.m. of advertising space in the product display zones of large modern trade stores, as well as about 5,000 items of digital screens and media in the BTS platform and train areas, the Tesco Lotus, Big C, and Watson stores, and large office towers throughout Bangkok, and mega LED and outdoor led screens under its management. In addition, the company runs retail shops in 23 BTS stations and radio networks covering nearly 2,000 modern trade stores in Thailand. For more information, please see www.vgi.co.th.
M T Multimedia for VGI Global Media PCL
Orn-anong ("Fah") Pattaravejkul
Tel: +66 2612 2081 #129
Mobile: +66 8 6801 8888
- ASIA TODAY Newswire http://www.AsiaToday.com
HONG KONG, 23 August 2016 - Kerry Logistics Network Limited ('Kerry Logistics' or together with its subsidiaries, the 'Group'; Stock Code 636), Asia's leading logistics service provider, today announced the Group's interim results for the six months ended 30 June 2016.
Group's Financial Highlights
- Turnover increased by 3% to HK$10,461 million (2015 1H: HK$10,135 million)
- Core operating profit maintained at HK$928 million (2015 1H: HK$925 million)
- Core net profit increased by 1% to HK$548 million (2015 1H: HK$542 million)
- Profit attributable to the Shareholders increased by 1% to HK$709 million (2015 1H: HK$701 million)
- Integrated Logistics ('IL') business recorded a segment profit of HK$799 million (2015 1H: HK$807 million), which represents a slight drop of 1%
- International Freight Forwarding ('IFF') business achieved a 9% increase in segment profit to HK$208 million (2015 1H: HK$191 million)
- Interim dividend of 7 HK cents per share recommended
William MA, Group Managing Director of Kerry Logistics, said, "The operating environment remained tough in 2016 1H due to flat global demand and stagnated trade flow in the logistics industry. Negative currency effects caused by the strong US dollar also affected our overall performance. Nonetheless, we held on strong to our core competences and achieved sustainable results, in which performance from major markets recorded steady growth. Riding on the complete integration of APEX in the US in the next 18 months, the IFF division is expected to achieve higher growth than the IL division in 2016."
In the IL division, flat global demand has led to decelerating trade activities and lower production volumes. Substantial amounts of key clients adjusted their production and sales target for 2016, resulting in decreasing volumes throughout the year. Kerry Logistics strived forward and managed to offset the declines with additions of new clients and contracts across various sectors in 2016 1H.
IL division in the Hong Kong market sustained growth as Kerry Logistics continues to leverage its leading position and diversified client portfolio to deepen market penetration. Both Mainland China and Taiwan markets maintained profit growth in spite of a slowing economy in the region. Although Thailand and Vietnam were affected by weak export demand, Asia's growth as a whole was supported by India's encouraging results as the Group continues to tap into the growing opportunities in the country.
The IFF division achieved a growth of 9% in segment profit despite a slight drop in the Mainland China market. The growth was mainly from South and Southeast Asia, in particular India, Singapore and the Philippines, through expanded network, strengthened capabilities and increased volumes.
Continued Progress on Key Developments
In Mainland China, the next 12 months will see the completion in phases of three developing facilities in Xi'an, Wuxi and Shanghai, supplementing over 1.5 million square feet of logistics facility to the Group's portfolio in the country.
In Southeast Asia, all projects have progressed as planned. Construction of the 213,000 square feet warehouse in the Free Trade and Special Economic Zone in Phnom Penh, Cambodia will be completed by 2016 2H, focusing on import logistics services.
Phase four expansion of Kerry Siam Seaport in Thailand has commenced. Together with the inland ports in Yangon and Mandalay, Myanmar, the Group is well positioned to capture the increasing cross-border trade in the Greater Mekong Region ('GMR') and across ASEAN.
In addition, the Group plans to add Indonesia into its express network within this year to further strengthen its regional express capabilities for the increasing intra-ASEAN trade and booming e-commerce business.
Taking on an optimistic view of India's economic prospects, the Group increased its stake from 30% to 50% in Indev Logistics. Rebranding and integration are expected to complete in 2016 2H.
In June 2016, as part of Kerry Logistics' long-term IFF strategy, the Group completed the acquisition of a majority stake in APEX. Handling over 270,000 TEUs in 2015, APEX is among top three players in the Asia to US trade lanes. This partnership will enable Kerry Logistics to reach a more diversified group of US-based customers and benefit from new opportunities in trans-Pacific trades and across the globe.
George YEO, Chairman of Kerry Logistics, said, "Although the outlook remains challenging, we are confident of our strengths and will strive to deliver better performance in 2016 2H. We are getting new customers in China who more than make up for reduced business from existing customers. We continue to invest in new projects. The Belt and Road Initiative continues to guide our overall strategy. The Greater Mekong Region is becoming a new strategic focus for us. We are also developing an overland transportation network for road, rail and intermodal freight services covering Central and West Asia. South Asia is a growing bright spot. Our recent investment in APEX strengthens our IFF network significantly. IFF will become a more significant contributor to our overall performance in 2016. In addition, as global e-commerce grows, we will continue to strengthen our express capabilities to provide cost-effective last-mile deliveries to an expanding client base."
# # #
About Kerry Logistics Network Limited (Stock Code 636.HK)
Kerry Logistics is Asia's leading logistics service provider with extensive operations across Greater China and the ASEAN region. Its core competence is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 550 office locations in 40 countries and territories, and is managing 45 million sq ft of logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2015-2016.
For media enquiries please contact:
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Cornerstones Communications Ltd.
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- ASIA TODAY Newswire http://www.AsiaToday.com
Lukoil, Aurecon, ICIS China and Nomar Investment are just some of the major names taking to the stage as part of the conference programme at Tank Storage Asia 2016, Asia’s only show dedicated to the bulk liquid storage industry. The exclusive two-day event, which takes place on 27 & 28 September at The Marina Bay Sands, Singapore, will tackle the sector’s critical issues, providing delegates with ideas, inspiration and development opportunities.
Anyone looking to grow, invest or simply thrive in the Asian storage sector, should look no further than the talk by Bashar Jazmati, Lukoil’s Business Development Manager Asia Pacific. Jazmati will examine market trends, around where investments in Asia are being focused. He will explain the key drivers behind the recent investment push, and will explore the fundraising criteria investors and financial backers look for in such projects.
With investment in mind, Christopher Hewitt, Partner at Moulis Legal, will analyse the risks and opportunities for tank storage projects under the TPP, FTAs and BITs. Hewitt will scrutinise cross-border investment and asset protection under trade agreements and conflicting Asian legal regimes. Plus, he will describe how to prevent and manage investment disputes in Asia under the TPP, FTAs and BITs.
Continued oversupply of oil, largely driven by low prices, has led to record storage levels in Asia, and across the globe. In March 2016, oil-product inventories in Singapore stood at around 57 million barrels, about 11.5 million barrels more than the same time last year. As a result, people will be thinking about the short-mid and long term effects of the current oil price environment on investment in storage. Jack van Lint, Managing Director at Nomar Investment, will analyse the impact its having from both a strategic and investor point of view.
Asia is expected to develop an additional 45 million m3 of crude oil storage capacity between 2015 and 2017, and with the economy growing faster than the rest of the world, looking towards the future is key. With this in mind, Ellen Ruhotas, Managing Director of Ratio Group, will present ‘Forecasting the terminal developments by country in Asia’. Ruhotas will update delegates on greenfield and brownfield developments in the region, and the areas showing opportunities for growth.
Following the same theme will be Benjamin Tang, Wood Mackenzie’s Senior Research Analyst, Asia Pacific Refining and Oil Products, who will take to the stage to present ‘Asia's future oil product trade flows - implications for storage’.
Many of the speakers will be taking a more general industry specific focus, for instance, Jeroen Overbeek, Aurecon’s Ports & Marine Leader – Asia, will be looking at the many challenges of developing ports and terminals. He will be using a case study from Aurecon, specifically focusing on Indonesia, to highlight the numerous issues faced.
Maintaining the industry emphasis will be Ato Ansori, Business Development Manager at PT Java Diamond, who will speak in partnership with Wilfried Kleiser, Senior Project Manager at Siemens. Together, Ansori and Kleiser will explore the integrated control and safety system, for terminal automation, at LPG Pertamina, Jakarta.
The Tank Storage Asia 2016 conference runs alongside a packed exhibition hall, with over 75 suppliers from across the region using the show to launch products and services.
For more information on how to book your delegate place or to register for free entry to the exhibition, please visit www.tankstorageasia.com or contact Event Director, Nick Powell, on +44 (0)20 8843 8801 or at firstname.lastname@example.org.
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- ASIA TODAY Newswire http://www.AsiaToday.com
SHANGHAI --(ASIA TODAY)--Dedicated to providing heating solutions to East and Central China, the fifth edition of ISH Shanghai & CIHE – Shanghai International Trade Fair for Heating, Ventilation & Air-Conditioning will be held from 31 August – 2 September 2016. The fair, staged in Hall W1 of the Shanghai New International Expo Centre (SNIEC), is jointly organised by Messe Frankfurt (Shanghai) Co Ltd, Beijing B&D Tiger Exhibition Co Ltd, Shanghai Zhanye Exhibition Co Ltd and the China Council for the Promotion of International Trade (CCPIT) – Shanghai Pudong Sub-Council.
Once again, the European Pavilion will be one of the major show attractions. Occupying over 500 sqm of exhibition space, the pavilion’s nearly 10 leading brands from Europe will introduce their latest HVAC technologies and products. Participating exhibitors include AFRISO, Bode, Comparato Nello and others.
Additionally, the 2016 fair will feature other international exhibitors from Belgium, China, France, Germany, Korea, Spain, the UK and the US. Leading HVAC brands represented include Ascom, Bonrun, Dayouttiandi, Dismy, Fernox, Futai, Guangyu, Haverland, Hedda, Hernmaii, Hosjoy, Italtherm, Jiton, Kemasi, Kenuan, KIMO, Kovat, Kuhnn, Longyue, Melsch, Menred, Namjin Tianmai, Osiman, Rulde, SBOK, Shaiyang, Shengkui, Shengneng, Shengshida, Shiteng, Slimline, Smart Warm, Sunery China, Teclic, Vaillant, Weeksys, Xinang, Yayi, Yizejieneng, Younuanjia, Yuhuan, Zhongchuan and many others.
Shanghai International HVAC Forum continues to focus on air source heat pump technologies
Due to the Chinese government‘s policies that promote new energy usage, the application of air source heat pumps has been growing at record rates in East and Central China in recent years. In response to this growth, ISH Shanghai & CIHE once again partners with the Heat Pump Industry Committee of the China Energy Conservation Association, the International Copper Association, and the Shanghai Society of Refrigeration to organise the Shanghai International HVAC Forum this year. The forum will focus on the latest air source heat pump technologies and their applications, and serve as an ideal networking and information exchange platform for industry experts, academics, engineers, contractors, design institutes and distributors. The 2016 fair is also to feature other value-added concurrent events including:
- Seminar on “Multi-resources Joint Heating Technology”
Multi-resources joint heating technologies are widely used in China. To help industry practitioners increase their technical knowledge of these technologies, ISH Shanghai & CIHE has teamed up with www.HVAC8.com, a reputable online portal dedicated to the HVAC industry, to share the integrated applications of these technologies through the seminar.
- Floor Heating Installation Competition
The Floor Heating Installation Competition has successfully completed nine editions where over 1,000 contractors from 200 cities across China have showcased their state-of-the-art installation skills. Organised by the Radiant Heating and Cooling Committee of the China Construction Metal Structure Association and leading Chinese media channels, n3.com.cn and dnw.com.cn, the contest acts as a professional arena for technical exchange.
Debut of Premium Brand Zone to promote home comfort solutions
In an effort to promote home comfort solutions to end-users and provide suppliers a more impressive way to promote their products and technologies, the all-new Premium Brand Zone will launch at the 2016 edition. Special package stands will be set up and the debut exhibitors include Huizhong, Sanyou, Yingzi and Yongkang.
“Intelligent Green Building – IGB” exhibition platform: a one-stop provider of energy-efficient building technologies
Aligning with market integration trends, ISH Shanghai & CIHE is held alongside three other fairs: Shanghai Intelligent Building Technology, Shanghai International Lighting Fair, and Shanghai Smart Home Technology to form a part of the “Intelligent Green Building – IGB” exhibition platform. Collectively, the four events gather over 460 exhibitors that will cover four halls occupying 40,000 sqm of exhibition space. By integrating related light and building technology fairs, the IGB exhibition platform aims to create a cross-sector building ecosystem that provides total solutions for energy-efficient building technologies to East and Central China.
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(Ms) Keena Tsui
Messe Frankfurt (HK) Ltd
Tel： +852 2238 9970
Fax：+852 2519 7919
- ASIA TODAY Newswire http://www.AsiaToday.com
R&F Properties Announces Interim Results 2016
Revenue and Net Profit up by 76% and 43% to RMB22.39 Billion and RMB2.424 Billion Respectively
Focus on Development in First and Second Tier Cities With the First Entry into Shenzhen Market
(24 August 2016 - HONG KONG) Guangzhou R&F Properties Co., Ltd. ("R&F Properties" or together with its subsidiaries the "Group"; stock code: 2777) announced its unaudited condensed consolidated results for the six months ended 30 June 2016 ("the Period under Review").
In the first half of 2016, the Group's turnover increased by 76% to RMB22.39 billion. Net profit increased by 43% from RMB1.70 billion to RMB2.42 billion when compared with the same period last year. Turnover and net profit from the Group's core business of property development increased by 85% and 69% respectively to RMB20.50 billion and RMB2.07 billion. Gross profit margin and net profit margin remained robust at 25.4% and 10.8% respectively.
During the Period under Review, the Group's contracted sales rose by 44% year-on-year to approximately RMB29.79 billion, most notably driven by a corresponding increase in saleable area sold of 2,435,400 sq.m., an increase of 43% year-on-year. Recurring revenue from property investments and hotel segment increased by 9% to RMB1.036 billion, among which profitability from property investments continued to provide an important contribution to the Group with gross profit margin of 80% and net profit margin (excluding revaluation) of 39%. The Board of Directors declared an interim dividend of RMB0.30 per share.
Mr. Li Sze Lim, Chairman of R&F Properties, said, "Coupled with the progressive policy easing in the first half of 2016 and a more stable market, the property market had a solid recovery in China. The Group recorded a significant increase in contracted sales, especially in first tier cities such as Beijing and Tianjin. During the Period under Review, we entered into Shenzhen market for the first time. After observing land price trends in the first half of the year, and the so-called 'land king' purchases were emerging, the Group chose to remain disciplined about making additional land acquisitions. In addition, the availability of significant onshore liquidity at low interest rates has also provided the Group with financial flexibility to seek and capture opportunities as and when appropriate."
The Group completed and delivered properties in 20 cities during the Period under Review. The amount of recognized saleable area increased by 50% from 1,249,100 sq.m to 1,873,400 sq.m., and the overall recognized average selling price increased by 22% from RMB8,900 to RMB10,900 per sq.m. Based on turnover distribution by cities, Taiyuan had the largest turnover amongst the cities, which amounted to RMB2.54 billion or 12% of total turnover. Shanghai and Beijing ranked second and third respectively and contributed turnover of RMB2.37 billion and RMB2.13 billion, respectively. The turnover from the top three cities accounted for 34% of total turnover.
In the first half of 2016, the Group made land acquisitions of 1,490,000 sq.m. of gross floor area in China. The Group's land bank is currently made up of approximately 38.2 million sq.m. of attributable saleable area, predominantly in China, Malaysia (Johor Bahru), and Australia (Melbourne and Brisbane). Based on the estimated sales value of our attributable land bank, 32% is in first tier cities and 45% is in second tier cities. The overall attributable land bank remains cost-effective at RMB1,700 per sq.m.
The Group's entry into Shenzhen for the first time consolidates its strategy of focusing on first and second tier cities. The Group acquired 248,000 sq.m. (attributable) through two acquisitions at an average price of approximately RMB8,000 per sq.m. Moreover, the Group is also in discussions over the potential acquisition of further projects involving over one million sq.m. of saleable area in Shenzhen. After successful completion of the Shenzhen acquisitions, the Group's land bank exposure in the first tier cities will be further enhanced.
The Group had a number of noteworthy developments with regards to financing activites that have provided positive effects to the Group's cash flow and profitability. During the Period under Review, the Group had issued public bonds totalling RMB12.5 billion at interest rates of between 3.48% p.a. and 3.95% p.a.; and as of early July, the Group further issued additional tranches of private domestic bonds totalling RMB24.3 billion at interest rates of between 5% p.a. and 5.2% p.a. The capital raised from the issuance of bonds significantly enhances the Group's liqudity and lowers the overall cost of debt to historically low levels.
Mr. Li concluded, "In addition to the robust demand in China's property market, the control measures remain focused on achieving long-term sustainability, and hence the expected momentum in the property market should continue into the second half. Leveraging on the success of our sales and marketing strategies, as well as the saleable resources from 68 projects in 29 cities in China and overseas, we are confident of achieving our contracted sales target for the full year to ensure a strong finish."
Founded in 1994, R&F Properties is one of the leading property developers focusing on medium and higher-end property developments and targeting its sale to middle and upper-middle income residents. Today, the Company has expanded out from Guangzhou into another 30 cities and areas, Beijing and Vicinity, Tianjin, Shanghai and Vicinity, Hangzhou and Vicinity, Xian, Chongqing, Hainan, Taiyuan, Shenyang, Huizhou, Nanjing and Vicinity, Chengdu, Harbin, Datong, Wuxi, Changsha and Vicinity, Meizhou, Fuzhou and Vicinity, Guiyang, Nanning, Foshan, Zhuhai, Baotou, Zhengzhou, Shijiazhuang, Shenzhen, Ningbo, Malaysia (Johor Bahru), and Australia (Melbourne and Brisbane). These expansion plans have driven the size and scope of its business to another level. In addition to developing and selling quality private residential properties, the Group also develops, sells and leases commercial and office spaces, as well as engaging in other ancillary property-related services including architectural and engineering design, engineering supervision, property management and property agency services. R&F
Properties has recently diversified its property portfolio by developing hotels and shopping malls. Today, we are proud owners of the Ritz-Carlton, Park Hyatt, Grand Hyatt and Holiday Inn Airport Zone in Guangzhou, Marriott Renaissance and the Holiday Inn Express in Beijing, Renaissance Huizhou Hotel, Intercontinental Huizhou Resort, Hyatt Regency Chongqing Hotel, Holiday Inn in Chongqing University Town, Ritz-Carlton in Chengdu, Pullman Hotel in Taiyuan, Marriott Resort & Spa in Hainan Xiangshui Bay and DoubleTree Resort by Hilton Haikou-Chengmai.
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- ASIA TODAY Newswire http://www.AsiaToday.com
Expanded revenue delivery center will support regional companies pursuing accelerated international expansion and global revenue growth
SINGAPORE--(BUSINESS WIRE)--ServiceSource (NASDAQ:SREV), the global leader in customer success and revenue-as-a-service solutions, today announced it has relocated its Asia-Pacific headquarters in Singapore to a new, larger and more central location in Mapletree Business City 2. The company celebrated the grand opening of its new location with a ribbon-cutting, traditional Lion Dance ceremony, as well as a reception for company executives, employees, customers and local business leaders.
“Singapore has been an excellent hub for servicing our clients based in Asia, and with heightened market demand for ServiceSource’s solutions, we believe that there are exciting opportunities for our company, our employees, and our clients to continue to expand ServiceSource’s presence in the region,” said Brian Delaney, Chief Operating Officer of ServiceSource. “In addition to being centrally located and more convenient for our employees, clients, and prospects, our new office gives us more capacity to expand as our business grows. The office is also equipped with our state-of-the-art Revenue Lifecycle Management technology platform, enabling us to accelerate results that drive better and faster revenue outcomes for our clients.”
ServiceSource first opened its Asia-Pacific headquarters in Singapore in 2010. The expansion comes on the heels of the recent grand opening of the company’s fourth Asia-Pacific office, located in Manila.
“The Asia-Pacific market is highly strategic to ServiceSource, and we are continuing to bolster our presence and business in the region, from moving to our larger office in Singapore, to growing our Japan team, to opening our new facility in Manila earlier this year,” said Christopher M. Carrington, CEO of ServiceSource. “Through our ongoing investments in the region and a better ability to ‘right-source’ for our clients, we will be better able to continue driving revenue growth for multinational businesses, as well as deepen our relationships with local companies looking to grow globally.”
Internet security provider Blue Coat has been an anchor client of ServiceSource in Asia-Pacific since 2009. Currently, it works with ServiceSource to manage its renewals business across over 20 countries in the region, stretching from Japan to Pakistan, with multi-lingual support in six languages.
M. Anand Alamuru, Senior Director (APJ) Senior Renewal Sales for Blue Coat Systems, said: “There have been many benefits of working with ServiceSource as the managed services provider for our renewals business. We don’t have to worry about managing staff, building a human resources team and we make no additional investments into technology and infrastructure. More importantly, we are assured by ServiceSource’s high standards of professionalism, where pay is measured by performance.”
Recently named one of the Best Companies in Asia by The Business Times magazine, ServiceSource currently employs nearly 200 employees in Singapore, and with the new facility has the capacity to scale to growing business. In the new facility, ServiceSource employees have access to unique wellness amenities like a gym, badminton hall and pool, convenience store, childcare center, laundromat, clinic, and food & beverage outlets.
Region-wide, the company now employs more than 1,000 employees and manages more than 40 clients. The company operates 11 locations around the world with four in the Asia-Pacific region, including Singapore, Kuala Lumpur, Manila and Yokohama.
To learn more about ServiceSource’s revenue-as-a-service solutions, visit www.servicesource.com
ServiceSource (NASDAQ:SREV) provides the world’s leading B2B companies with expert, technology-enabled solutions and best-practice processes proven to grow and retain revenue from existing customers. With a holistic approach to the entire revenue lifecycle, ServiceSource solutions help companies drive customer adoption, expansion and renewal. Only ServiceSource brings to market more than 17 years of exclusive focus on customer success and revenue growth, global deployments across 40 languages and 200 countries, and a powerful, purpose-built Revenue Lifecycle Management technology platform. For more information, go to www.servicesource.com.
This press release contains forward-looking statements, including statements regarding our business opportunities, challenges, and market position. These forward-looking statements are based on our current assumptions and beliefs, and involve risks and uncertainties that could cause our results to differ materially from those expressed or implied in our forward-looking statements. Those risks and uncertainties include, without limitation, fluctuations in our quarterly results of operations; our technology; the risk of material defects or errors in our software offerings or their failure to meet customer expectations; the ability to integrate our technology offerings with other third-party applications used by our customers; errors in estimates as to the renewal rate improvements and/or service revenue we can generate for our customers; our ability to grow the market for service revenue management; changes in market conditions that impact our ability to sell our solutions and/or generate service revenue on our customers' behalf; the possibility that our estimates of service revenue opportunity under management and other metrics may prove inaccurate; demand for our offering that falls short of expectations; the potential effect of mergers and acquisitions on our customer base; our ability to keep customer data and other confidential information secure; our ability to adapt our solution to changes in the market or new competition; our ability to achieve our expected benefits from international expansion; our ability to protect our intellectual property rights; the risk of claims that our offerings infringe the intellectual property rights of others; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our periodic reports and registration statements filed with the Securities and Exchange Commission, which can be obtained online at the Commission's website at http://www.sec.gov. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements.
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ServiceSource®, and any ServiceSource product or service names or logos above are trademarks of ServiceSource International, Inc. All other trademarks used herein belong to their respective owners..
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Monica Petraitis, 720-457-8177
Local Media Contact
On behalf of ServiceSource, for more information, please contact:
Oo Gin Lee, +65 8111 1988
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- ASIA TODAY Newswire http://www.AsiaToday.com
Hong Kong, 24 August 2016 - Leading oil and gas explorer and developer Sino Oil and Gas Holdings Limited (the "Company", Hong Kong stock code:702) today announced the unaudited interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2015. During the period, the Group recorded a net profit of approximately HK$5,697,000(2015 interim: HK$13,876,000), which has decreased by 59% as compared with that of the same period in last year, mainly due to the gas selling price adjustment for industrial users of the Sanjiao coalbed methane project ("Sanjiao CBM Project") in November 2015. Meanwhile, as Sanjiao CBM Project has entered in development phase from exploration, the CBM sales has been recognised as the turnover of principal activities, the financing cost, construction related amortization and depreciation expenses increased during the period.
The Group recorded a turnover of approximately HK$78,381,000 (2015 interim: HK$5,963,000), which has increased substantially compared with that of the same period in last year. The turnover included the revenue from oil exploitation operations in Shaanxi Province; the sales derived from raw coal washing project located in Qinshui Basin, Shanxi Province; and the sales of coalbed methane ("CBM") respectively. Also, the government subsidy of approximately HK$9,592,000 (2015 interim: nil) on the sales of CBM for the year 2015 has been received and recorded as "other revenue" during the period.
Sanjiao CBM Project
As at 30 June 2016, the Sanjiao CBM Project has completed a total of 99 wells, comprising46 multilateral horizontal wells and 53vertical wells. Out of the total 99 wells, 82 wells were in the normal dewatering stage, of which 60wells had accessed to a gas collection pipeline network. A ground pipeline network of approximately 18 kilometers, inter-well pipelines of approximately42kilometers, and outbound pipelines of approximately 17kilometers were completed. Approximately total 59.7kilometers of 10KV power grid and branch power line were also completed.
During the period, the Group has started the low productivity wells rework programme. After the joint technology examination and economic assessment conducted by local and foreign experts, 18 wells with the greatest potential value have been selected. With cautious implementation schedule, the Group prepares operation plans, optimises the drainage system and improves the single well productivity. As of 30 June 2016, significant progress has been obtained through the reworks of low productivity wells, including the dewatering quantitative management, dewatering recovery of low productivity wells, blockage relief by nitrogen and fracturing reform etc. Steady increase of the single well productivity has been noted in a number of transformed wells. The low productivity wells reworks programme is expected to be completed by this year and to contribute additional productivity.
During the period, the Sanjiao CBM Project recorded the CBM sales amount to HK$30,435,000(2015 interim: approximately HK$42,268,000) and CBM production of approximately 32.49million cubic meters (2015 interim: approximately 27.9 million cubic meters) and CBM sales of approximately 26.52million cubic meters (2015 interim: approximately 27.38 million cubic meters), resulting in a gas sale-to-production rate of approximately81.6% for the period (2015 interim: approximately 98.1%). The Group is negotiating with an existing customer for renewal of sales contract, and has been speeding up the process. The sales performance is expected to be improved in the second half of this year.
Raw Coal Washing Project
The Group acquired a 75% equity interest of a raw coal washing project company located in Qinshui Basin, Shanxi Province in May 2015. The raw coal supplier of the project is a sizable state-owned coal enterprise in Qinshui basin and thereby the raw materials supply is stable. The project has been officially launched on 1 July 2015. It has already entered into stable production phase and also gradually developed sales channels. During the period, the project recorded a total sale of refined coal approximately 93,500 tonnes. The Group expects this project will bring a steady income and cash flow.
Through in-depth cooperation with the local sizable coal enterprises with further understanding to local geological environment, the Group is actively seeking to diversify the business model and cooperation projects, continuously to improve the CBM development business model and inject new momentum for the Group's growth. In January 2016, the Group entered into a non-legally binding Strategic Cooperation Framework Agreement ("Framework Agreement") with Shanxi Guxian Lanhua Baoxin Coal Company Limited (山西古縣蘭花寶欣煤業有限公司) ("Lanhua Baoxin"), pursuant to which the Company and Lanhua Baoxin, intend to establish a project management team for the development of CBM projects located in the coal mine block of Lanhua Baoxin Qinshui Basin and eastern edge of Ordos Basin. These are the regions with the richest CBM reserve in China, and also the most representative CBM production bases in China. This Framework Agreement has landmark significance to the Group, which benchmarked the Group's official entrance into the CBM market of Qinshui Basin.
Crude Oil Business
In order to optimise the Group's resources allocation so as to focus on the development of Sanjiao CBM project and also due to the fact that continuous drop of domesic oil price in Shannxi Province, the Group has slowed down the crude oil business development.
For the period ended 30 June 2016, three oilfields in Liuluoyu, Yanjiawan and Jinzhuang, located at the Ordos Basin in Shaanxi Province, yielded an aggregate crude oil output of approximately 1,930 tonnes (2015 interim: approximately 1,900 tonnes).
Possible Acquisition-Oilfield in Alberta, Canada
With the purpose of further enriching the Group's resources reserves, apart from actively seeking suitable oil and gas blocks in China, the Group is also exploring investment opportunities in overseas upstream businesses. The Group hence entered into two non-legally-binding memorandums of understanding ("MOUs") in June and September 2014. The acquisition targets are oil and gas fields located in Alberta Province, Canada.
According to the MOUs, the Group is now conducting due diligence review on the resources and financial aspect of the target groups. The Vendor has collected seismic data so as to identify areas where oil and gas may have accumulated; and has drilled exploratory wells to evaluate if the site can produce enough oil or gas to make it economically viable to develop. On 31 December 2015, the Group and the Vendor have agreed to further extend the time limit for entering into formal agreements in respect of the terms in the MOUs to 30 September 2016. Meanwhile, during the period, after negotiation with the vendor, taking into account of the interests of shareholders and the Company, interest is charged at the rate of 8.5% per annum against the vendor on the refundable deposits on MOUs (i.e. CAD40 millions), with reference to the existing cost of capital to the Company. The interest income amounted to approximately HK$29,390,000 was disclosed in "other revenue".
Regarding the possible acquisitions, Dr Dai Xiaobing, Chairman of Sino Oil and Gas Holdings said: "The management is actively preparing for these possible acquisitions. The Company expects that acquiring overseas assets will further diversify the Group's global resources allocation, balance the development of the gas and oil business portfolio. This will strengthen its capacity of operations and establish its position as an international oil and gas explorer and developer. The shareholders' value can therefore be enhanced."
For the Group's development strategy, Dr Dai said, "Based on its core business of natural gas and oil exploration and development, the Group will strengthen its competitiveness, optimise its resources allocation and enhance investment returns. At the same time, we will attempt to expand into downstream businesses relying on the Group's upstream businesses as appropriate. On this basis, we will implement active but cautious financial strategies, and seek opportunities for mergers and acquisitions as well as integration of high-quality oil and gas assets globally, targeting to become a professional international oil and gas player."
For further enquiries, please contact:
Corporate Communications Department
Phone：(852) 2802 3623
- ASIA TODAY Newswire http://www.AsiaToday.com
SHANGHAI --(ASIA TODAY)--With the Shanghai International Lighting Fair (SILF), organised by Guangzhou Guangya Messe Frankfurt Co Ltd, just around the corner, over 100 lighting companies are gearing up to reveal their latest lighting solutions. A diverse display of some of the industry’s most up-to-date lighting technologies will be showcased at the Shanghai New International Expo Centre from 31 August – 2 September 2016.
Concurrent interrelated fairs to foster broad business opportunities
Helping to boost sector-specific business opportunities is the fair’s strong profile of diverse products that provides a one-stop sourcing experience for designers, planners, system integrators, engineers, builders and many other project-based buyers. Some of the exhibiting brands confirmed to join the 2016 fair are Chuanglian Power Supply, CRETOP, Dilux, ERP, GZ Arex Electronics, HPWINNER, Mean Well, SUNPU, Sunwea, TongYiFang, VENTO, YD Illumination, Yueming and several others. As specialists in their field, exhibitors will promote:
- Urban lighting applications (Street, architectural, garden, tunnel, sporting arena and advertising use)
- Commercial and industrial lighting applications (Retail, office and hotel use)
- Residential lighting applications
- Lighting, electronic components and accessories (LEDs and light sources, packaging components, drivers and controllers, and modules and light engines)
The fair will be held concurrently with three other events: ISH Shanghai & CIHE – the Shanghai International Trade Fair for Heating, Ventilation & Air-Conditioning; Shanghai Intelligent Building Technology; and Shanghai Smart Home Technology. Forming a part of the “Intelligent Green Building – IGB” exhibition platform, the four interrelated exhibitions and their collective synergies not only benefit a wide group of project-based buyers, but they also assist manufacturers of lighting and intelligent building solutions to build strategic partnerships with each other through technological integration. The shows will host more than 460 exhibitors in 40,000 sqm of exhibition space, and expected to draw professional visitors from lighting, intelligent building, smart home and HVAC industries.
Event programmes will highlight key elements of project-based lighting
In addition to an extensive display of applications and technologies, industry professionals can look forward to SILF’s three event programmes that will unveil the latest market trends and product developments. Over 50 sessions covering key project-based lighting elements that include planning, design, implementation and smart technology will be held. The programmes are:
Lighting Design Agora
Organised by the Chinese Lighting Designer Association (CLDA) and International Advisory Council (IAC), Lighting Design Agora is a brand-new show component that gathers international and domestic designers to present on art and lighting design topics. It is divided into three categories with varied presentation formats.
Lighting Design Arena: Association members will give informative lectures on a variety of topics. The speaker line-up includes:
- Mr Herbert Cybulska, Chairman of IAC, CLDA; Co-founder of Cybulska+Partner
Topic: “Bon Nuit in St. Bonifatius”
- Mr James Wallace, CEO of IAC, CLDA; Principal and Design Director of LightPlan
Topic: “From Renaissance to Rodin: From Lighting Design to Shadow Design”
- Mr Freddy Lim, Director of CLDA; Design Director of Lightcraft
Topic: “Smarter Lighting – The Way Forward”
- Mr Martin Klaasen, Executive Officer of Corporate Support; Member of IAC, CLDA; Principal Designer of Klaasen Lighting Design
Topic: “The Challenges of Lighting Public Artworks in Urban City Environments”
- Mr Paul Ehlert, Advisor of IAC, CLDA; Lighting Design Director of Lichtkompetenz GmbH
Topic: “Interaction and Inspiration with Light Art in Public Spaces”
- Mr Amardeep Dugar, Advisor of IAC, CLDA; Founding Principal of Lighting Research & Design
Topic: “Poetic Lighting Design”
Additionally, overseas and domestic designers will partake in an interactive Pecha Kucha-style forum, showing 20 slides for 20 seconds each, which is sure to raise lively discussions. Some of the participants are:
- Mr Jason Du, Director of CLDA
Topic: “Landscape – Less Light Means More”
- Mr Jerry Lu, Senior Professional Member of CLDA
Topic: “Urban – Light of New Hometown”
- Mr Elvis Tang, Senior Professional Member of CLDA
Topic: “Interior – Light Will Show You the Way”
- Mr Carry Yu, Director of CLDA
Topic: “Interior – Quality of Light”
Lighting Design Showplace: Several international brands will showcase their state-of-the-art lighting products. Participating names include AL’ART, Creative Lighting Asia, iGuzzini, LED Linear, Lumascape, Technolite, WE-EF and Xicato. Experts from these companies will also give speeches on:
- Mr Luca Tarsetti, General Manager of iGuzzini
Topic: “Lighting for ‘The Last Supper’”
- Ms Gorana Saula, General Manager of Lumascape
Topic: “LED is in the House”
- Mr Roger Sexton, Advisor of IAC, CLDA; Vice President Specifier Service of Xicato
Topic: “Smart Lighting and Galleries”
- Mr Stefan Bittner, Vice President, Regional Sales and Marketing of LED Linear
Topic: “Linear Lighting Design + Art”
Lighting Design Gallery: Images of excellent works from global and domestic lighting designers will be displayed in photography exhibitions. Contributors are AL’ART, Creative Lighting Asia, Lumascape, Xicato and LED Linear.
Alighting Forum – Smart Lighting Solutions Under the influence of the IoT, smart lighting has not only become a sales tactic, but it has also become an important influencer of the direction in which the industry will move. The union of industry giants from different sectors can accelerate development but may also create challenges. Collaborating with Guangzhou Alighting Electronic Commerce Co Ltd (Alighting Omnimedia) and the Lighting Research Academy of China Southern Power Grid Co Ltd, the fair organiser has set up the forum to open discussion on smart lighting solutions in urban and hotel lighting applications, communication protocols, product innovation, system integration and much more.
China Urban Lighting Symposium
Urban and architectural lighting can be important contributors to a city’s tourism and economic growth. Organised by the China Illuminating Engineering Society (CIES), the symposium will cover case studies and panel discussions on the future development of urban lighting projects and trends.
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Tel: +852 2238 9941
Fax: +852 2598 7919
- ASIA TODAY Newswire http://www.AsiaToday.com
MANCHESTER, England, August 24, 2016 --(ASIA TODAY)--One of the rising stars of the Chinese economy, the emerging city of Chengdu, will move closer towards its ambition of becoming the main transport hub for western China when it hosts the World Routes aviation forum next month (24-27 September).
World Routes is an annual event that brings together airlines, airports, tourism authorities and governments to plan new air services. It travels to a new location every year to stimulate different aviation markets.
This year's host city, Chengdu, is the capital of Sichuan Province and one of the fastest developing cities in the world. Chengdu's GDP increased by 7.9% in 2015 to over 1.08 trillion Yuan (1.1% higher than the national average) and 271 Fortune 500 companies including IBM, Intel and Microsoft are based in the city.
Chengdu's tourism industry is also booming. Around 2.3 million oversea visitors travelled there last year (16.3% more than 2014) to see attractions such as the Chengdu Research Base of Giant Panda Breeding where pandas have been brought back from the brink of extinction.
The host of World Routes 2016, Chengdu Shuangliu International Airport, is already mainland China's fourth busiest airport with over 50 airlines serving 199 destinations. Last year the airport handled 42 million passengers and this number is expected to reach 45 million by the end of 2016. Direct international routes include San Francisco, Amsterdam, Frankfurt, London, Moscow, Paris and Melbourne.
China is investing massively in aviation to create a one trillion yuan ($153.8 billion) market by 2020. A construction programme will increase the number of airports from 300 to 500, one of which will be in Chengdu. It will be the one of only three cities in China to have two airports (along with Beijing and Shanghai) when Chengdu Tianfu International opens in 2020.
Chengdu has 3,000 years of history and was part of the ancient network of Silk Road trade routes. President Xi Jinping's 'One Belt, One Road' strategy aims to create a modern day Silk Road through improved transport connections to western Asian, the Middle East and Europe, putting Chengdu in an even stronger position to bid for increased air services.
Adrian Newton, group director at UBM EMEA, the organiser of World Routes, said: "Chengdu is a prosperous city with massive potential for the aviation industry. Our delegates are excited to explore the opportunities created by Chengdu's powerful economy and the desire to create more international air services."
Some of the biggest international airlines have registered for World Routes including Air China, American Airlines, British Airways, Delta Air Lines, Emirates, Iberia, Japan Airlines, KLM Royal Dutch Airlines, Lufthansa and Qantas.
More information about World Routes can be viewed at: http://www.routesonline.com/events/182/world-routes-2016/
World Routes 2016, Century City New International Exhibition & Convention Centre, Chengdu, Sichuan Province, China, 24 - 27 September.
For further information contact:
Communications & Content Marketing Manager
Routes, UBM EMEA
- ASIA TODAY Newswire http://www.AsiaToday.com
SHANGHAI --(ASIA TODAY)--The 10th edition of Shanghai Intelligent Building Technology (SIBT) and second edition of Shanghai Smart Home Technology (SSHT) are set to open their doors from 31 August – 2 September 2016 at the Shanghai New International Expo Centre in Shanghai. The two fairs will welcome 240 exhibitors from 14 countries and regions. This year, a comprehensive profile of smart home and intelligent building innovations will be displayed across a record 16,000 sqm of exhibition space, up 23% from last year.
Industry elites forecast future smart home trends
This year, SIBT will celebrate 10 years of helping pioneers to bring cutting-edge building technologies to diverse groups of professionals from around the world. The show will exhibit a comprehensive array of intelligent building systems including building energy saving, energy management, intelligent hotel and building automation control systems.
The concept of smart living is gaining in popularity and innovators are bringing many new creations to market. In an effort to explore what the future of the smart home sector will look like, SSHT has invited industry elites from influential associations and leading enterprises to share their thoughts. Here is what a few experts have shared:
Being a comprehensive platform for smart home technologies, SSHT will once again gather leading brands to showcase a diversified range of smart home technologies. Some of the show’s exhibitors talked about their industry outlook:
Smart home systems
Mr Niu Xiaofeng, Media Operation Manager, Peng Intelligence System Engineering Co Ltd “’Service’ is the word I will use to describe the development trend for the smart home industry. In the future, the market will evolve from simply selling devices to offering services. The ‘open platform’ is another important element in smart home products. Whether a company can stand out from the crowd depends on the openness of its products – an ability to connect to more platforms and be compatible with other branded applications.”
Mr Wang Xiaodong, Technical Director, Honyar “As a regular tool for operation, control panels are relatively more frequently used than other newly developed control technologies. They are also easier to adapt to for traditional users. Therefore, there is still a great potential within this sector.”
Cloud platform and IoT solutions
Ms Sharon Feng, Brand Director, Lifesmart “The concept of being ‘hassle-free’’ is going to be a trend for smart home technology. Users prefer more natural, convenient living conditions that do not require the added burden of learning how to use any complicated products. ‘User-friendliness’ and ‘stability’ are the two key points that smart home enterprises should be aware of when creating convenient solutions that for users experience that will help strengthen companies’ brands and market competitiveness.”
Audio visual integration and home entertainment
Ms Chen Jie, Promotion Assistant, Cinemaster Shanghai Ltd “The scope of the smart home is vast. From IoT technologies to smart energy, there are always business opportunities. It takes time for the complete smart home to be realised and popularised, but the competition in various sectors such as audio and visual, safety and security, and lighting will be fierce.”
Regarding future industry development, Ms Wong added: “The future smart home is the combination and integration of smart hardware, software and cloud services, and the perfect ‘smart life’ is just around the corner.”
SSHT and SIBT will be held concurrently with the Shanghai International Trade Fair for Heating, Ventilation and Air-Conditioning (ISHS), and the Shanghai International Lighting Fair (SILF). Collectively, the fairs form the “Intelligent Green Building – IGB” exhibition platform that will host more than 460 exhibitors in 40,000 sqm of exhibition space. Approximately 51,000 visitors from the intelligent building, smart home, HVAC and lighting industries are expected to attend.
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Tel. +852 2238 9907
- ASIA TODAY Newswire http://www.AsiaToday.com
SINGAPORE --(ASIA TODAY)-- Equip Yourself with Key Knowledge on The Future of Manufacturing Industry to Gain Competitive Edge in this Business Landscape
Manufacturing Solutions Expo (MSE) returns even stronger this October with revamped programmes and activities to facilitate effective learning, providing abundant opportunities to enhance your knowledge and network with industry experts to upgrade your business productivity and sustainability.
MSE 2016, in collaboration with Nomura Research Institute (NRI), presents to you The Future of Manufacturing Industry Seminar. Held on 13 October 2016, the seminar will focus on the dynamic change in the Manufacturing Industry within APAC and ASEAN brought about by the favourable economic outlook and the evolution of new age technologies such as AI, Big Data and IoT.
You Will Expect To:
• GAIN valuable industry insights and new perspectives.
• FORMULATE strategies from experienced industry practitioners.
• ENHANCE your business productivity and readiness to effectively counter manufacturing challenges in this fast-changing marketplace.
Who Shall Attend?
C-Suite Executives, Regional / Country Managers and Industry Professionals are welcome to attend this seminar to tackle oncoming challenges with confidence within the manufacturing industry.
Opening Remarks "ASEAN Market Outlook"
Insight Session "IoT / Industry 4.0 Impact in ASEAN"
Solution Session "SCM Solution for Manufacturing Industry"
Guest Session "Mobiles/Wearables/IoT: Academic Innovations with Possible Manufacturing Implications"
Networking Tea Break
IT Session "BOS, Revolutionary IT Architecture for Manufacturing Industry"
Panel Discussion "The Future of Manufacturing Industry"
Closing Session "The Future of Manufacturing Solution"
Networking Lunch Session (Halls 405 / 406)
Industry 4.0 Gallery Tour
As MSE 2016 expects to attract over 4,000 trade visitors, 100 international and regional exhibiting brands and 20 participating countries across this 3 days expo, NRI delegates are also strongly encouraged to attend:
• MPTC Annual Conference 2016
• Green Productivity and Green Factory Seminar
• Onsite showcases and activities featuring innovative ways to improve productivity across the following:
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- ASIA TODAY Newswire http://www.AsiaToday.com