Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Korindo in its Transition to an Eco-Friendly Company

JAKARTA, Oct 3, 2022 – (ACN Newswire via SEAPRWire.com) – Environmental issues and climate change get increasingly highlighted as nature declines at unprecedented speed and level. Continuous innovations and mass movements become necessary to soften impacts from the crises. Korindo Group acknowledges the need to transform into a more environmentally-friendly company by creating breakthroughs in […]

HG Semiconductor and GCL Technology Founder Mr Zhu Gongshan Officially Enters Shares Subscription and Warrants Subscription Agreements

HONG KONG, Sep 30, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Ltd (6908.HK) is pleased to announce that it has officially entered into a subscription agreement with Mr. Zhu Gongshan, the Founder, Chairman and Executive Director of GCL Technology Holdings Ltd (GCL; 3800.HK) regarding the Investment Agreement on 4 August 2022. Pursuant to […]

HG Semiconductor and GCL Technology Founder Mr. Zhu Gongshan Officially Entered into Shares Subscription and Warrants Subscription Agreement, Mr. Zhu Gongshan has Become Major Strategic Shareholder of the Group

HONG KONG, Sep 30, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”; Stock Code: 6908.HK) is pleased to announce that the Group has officially entered into subscription agreement (“Subscription Agreement”) with Mr. Zhu Gongshan (“Mr. Zhu”), the Founder, Chairman and Executive Director of GCL Technology […]

S’pore-based Asia Innovations Group plans US listing via $3.6b Spac merger

BEIJING – Singapore-based mobile app developer Asia Innovations Group said on Friday it would go public through a merger with a blank-cheque firm in a deal that values the combined entity at US$2.5 billion (S$3.6 billion). The move by the group to merge with special purpose acquisition company (Spac) Magnum Opus Acquisition would bring estimated gross proceeds of […]

Q&M Group awards 7 dentists with Performance Shares,12-year Service Agreements, and a Private Placement

SINGAPORE, Sep 30, 2022 – (ACN Newswire via SEAPRWire.com) – Mainboard-listed Q&M Dental Group (Singapore) Limited [SGX: QC7] announced on 29 September 2022 the award of 2,014,245 shares to 7 promising next-generation dentists as part of the Q&M Performance Share Plan (PSP) 2018, as well as the proposed placement of an additional 4,985,755 treasury shares, […]

Eisai’s Lecanemab Confirmatory Phase 3 Clarity AD Study Met Primary Endpoint

TOKYO, Sep 28, 2022 – (JCN Newswire via SEAPRWire.com) – Eisai Co., Ltd. and Biogen Inc. (Nasdaq: BIIB) announced positive topline results from Eisai’s large global Phase 3 confirmatory Clarity AD clinical trial of lecanemab (development code: BAN2401), an investigational anti-amyloid beta (Abeta) protofibril antibody for the treatment of mild cognitive impairment (MCI) due to […]

Eisai: Metoject Subcutaneous Injection Syringe (Methotrexate) Approved in Japan for Rheumatoid Arthritis

TOKYO, Sep 26, 2022 – (JCN Newswire via SEAPRWire.com) – Eisai Co., Ltd. and nippon medac Co., Ltd., a subsidiary of medac Gesellschaft fur klinische Spezialpraparate mbH announced today that they have obtained manufacturing and marketing approval from the Japanese Ministry of Health, Labour and Welfare for the indication of the anti-rheumatic agent “Metoject Subcutaneous […]

AEON Credit 1H2022 Revenue Up by 11.8% to HK$571.7 Million

HONG KONG, Sep 26, 2022 – (ACN Newswire via SEAPRWire.com) – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2022 (“1H2022” or the “reporting period”). During the reporting period, the Group’s revenue was up by 11.8% year-on-year […]

GIC buys majority stake in Mediterranean luxury resorts group as travel recovers

BENGALURU – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, has bought a majority stake in Sani/Ikos Group (SIG) in a deal that values the Mediterranean luxury resorts operator at 2.3 billion euros (S$3.2 billion), both companies said in a joint statement on Thursday (Sept 22). The deal comes as travel recovers […]

Restricted Shares Will be Lifted on 22 September, and the Management and Investors of Arrail Group are “Hoarding”, Release High Growth Signals

Restricted Shares Will be Lifted on 22 September, and the Management and Investors of Arrail Group are “Hoarding”, Release High Growth Signals

HONG KONG, Sep 22, 2022 – (ACN Newswire via SEAPRWire.com) – The restricted shares of Arrail Group Limited (“Arrail Group” or the “Company”, stock code: 06639.HK), a leading dental services group in China, will be officially lifted and listed for circulation on 22 September 2022. In this regard, the Company’s management and investors clearly presented […]

Tycoon’s wild $4.2 billion gamble on ‘China’s LVMH’ crashes

LONDON – Six years ago, a little-known textile maker called Shandong Ruyi Group embarked on a frantic acquisition spree with the goal of becoming China’s version of luxury powerhouse LVMH. Based in the home town of Confucius, chairman Qiu Yafu spent more than US$3 billion (S$4.2 billion) snapping up assets from the boulevards of Paris to […]

Singapore’s Whampoa Group to invest $140.5m via fund for digital assets

SINGAPORE – Scions from two of Singapore’s most prominent Lee families are boosting their involvement in digital assets. Whampoa Group, a multi-family office with investments in global tech firms, aims to deploy about US$100 million (S$140.3 million) through a venture capital fund in start-ups in the burgeoning digital asset segment, its senior executives said. The investment group […]

HG Semiconductor Enters into Strategic Cooperation Framework Agreement with the Family Trust of GCL Technology Founder Mr. Zhu Gongshan

HONG KONG, Sep 8, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”, Stock Code: 6908.HK) is pleased to announce that the Group entered into a strategic cooperation framework agreement (the “Strategic Cooperation Framework Agreement”) on 7 September 2022 with Golden Concord Group Limited (“Golden Concord […]

Do S’pore regulators need bigger stick to deter corporate misconduct following Noble Group’s case?

SINGAPORE – The biggest fine on a company in Singapore’s history has ironically led to talk on whether regulators have let the offenders off too easily. The $12.6 million penalty on Noble Group, after a four-year probe for improper accounting and misleading financial statements, does pale in comparison to the company’s market value of US$10 […]

InvesTech Holdings Announces 2022 Interim Results

HONG KONG, Aug 31, 2022 – (ACN Newswire via SEAPRWire.com) – InvesTech Holdings Limited (“InvesTech Holdings”, together with its subsidiaries, the “Group”; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its unaudited consolidated results for the six months ended 30 June 2022 (the “Period”). During the Period, the Group formed […]