Consoveyo Helps Increase Throughput for Leading Indonesian Dairy Product Manufacturer
 
Sep 05, 2018
Category:

Singapore, 5 September 2018 --( ASIA TODAY )-- Consoveyo Singapore Pte. Ltd. (Consoveyo), part of Körber Logistics Systems, is proud to announce its third consecutive project with a leading dairy goods producer in Indonesia. For this Phase Three project at the manufacturer’s Surabaya plant, Consoveyo expands its automated and storage retrieval system (ASRS) solution to enable the transportation of finished goods from production lines to the warehouse.

“This contract win is a testimony to our excellent customer service and expertise in automated warehousing solutions,” shared Poul Lorentzen, General Manager of Consoveyo. “We set up this plant’s first automated warehouse, and then helped to expand the warehouse by doubling its capacity. Having been chosen for the third time is an affirmation of our position as one of the leading suppliers of automated warehousing solutions for the food and beverage industry.”

In order to ensure an optimum flow of finished goods from the new production line to the ASRS warehouse, Consoveyo installed pallet conveyors, two pallet shuttle cars, and one automated wrapping machine. The equipment eliminates the need for manual handling of goods for transportation, and increases production throughput.

Furthermore, Consoveyo’s warehouse management software (WMS) enables more than the management of inventory storage — it also greatly minimises supply chain disruptions that can shut or slow down production lines. In addition, the software’s real-time visibility function helps to notify the company’s managers in real-time of problems that may disrupt the flow of goods.

Consoveyo’s system will also provide warehouse managers with useful information, such as historical data of pallet movement and specific locations of inventory stored in the warehouse. And in order to extend its service commitment to the customer, Consoveyo will continue to provide after sales support and on-going refresher training courses.

Lorentzen added, “We are glad that our warehousing technologies and solutions helped increase this dairy customer’s throughput and output beyond their expectations. Consoveyo’s solutions are developed with customers’ needs in mind, and are tailored to their exact requirements. We will continue to help manufacturers find the very best solutions, and be there with them through every phase, stage, and component of their journey to achieving a seamless, automated warehouse.”

###

About Consoveyo

Consoveyo S.A. from Porto, Portugal, is a system integrator for automation projects in intralogistics and supplier of automated conveyor and storage systems. The portfolio of integrated solutions and services includes high-rack warehouses, distribution centers, and order processing systems. The company specializes in in-house mechanics and hardware solutions. Consoveyo has facilities in Portugal, Spain, Belgium, the Czech Republic, India, and Singapore. The company belongs to the Business Unit System Integration and is part of the Business Area Logistics Systems belonging to the international technology group Körber.

About Körber Logistics Systems

The Business Area Logistics Systems, belonging to the international technology group Körber and based in Bad Nauheim, Germany, is the leading provider of fully integrated applications for the optimization of complex internal and external logistics processes. Under the umbrella brand Körber Logistics, the Business Area provides digital solutions for the smart factory (production logistics), the warehouse, distribution center, e-commerce, and management of the entire supply chain. In three Business Units, the umbrella brand unites the companies Aberle GmbH and Consoveyo S.A. (System Integration), Langhammer GmbH and Riantics A/S (Product Solutions), Aberle Software GmbH, Cirrus Logistics, DMLogic, HighJump, Inconso AG and Voiteq (Software). They offer an extensive range of products and services, from system integration to technologies for storage, palletizing, de-palletizing and conveyor systems, through to software.

About Körber

Körber AG is the holding company for an international technology Group with approx. 12,000 employees around the world. The Group comprises leading-edge technology companies and more than 140 production, service, and sales entities. At locations around the globe, Körber combines the benefits of a globally-present organization with the strengths of highly-specialized, flexible, medium-sized enterprises that offer their customers solutions, products, and services in the Business Areas of Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco, Corporate Ventures and Körber Digital.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
China Taiping Insurance Group signs major deals to boost trade, finance and innovation between Singapore and China
 
Sep 04, 2018
Category:

Singapore, August 27, 2018 --( ASIA TODAY )-- China Taiping Insurance Singapore ("CTPIS"), together with its parent - China Taiping Insurance Group (CTIG), announced major collaborations to boost trade, economic and financial cooperation between Singapore and China to mark its 80th anniversary celebrations today at Singapore's St Regis Hotel.

The occasion is also a double celebration for the Group as CTPIS received its licence as a composite insurer to carry on life business in Singapore from the Monetary Authority of Singapore ("MAS").

China Taiping Insurance Group is one of the four state-owned insurance groups directly managed by China's central government. It has total assets exceeding HKD 666.5 billion (about S$117 billion)1 and 24 subsidiaries with a comprehensive range of services including life insurance, property insurance, pension insurance, reinsurance, reinsurance brokerage and insurance agency, securities brokerage, asset management, non-financial investment and other fields.

The historic event was graced by the Minister for Trade and Industry, Mr. Chan Chun Sing and the Chinese ambassador to Singapore, His Excellency Mr. Hong Xiaoyong.

The high-level attendance by more than 300 VIP guests (including senior government officials. top management representatives and industry captains) underscored the event's significance to affirm the strong bilateral economic and trade relations between Singapore and China.

Mr. Wang Si Dong, Vice Chairman and General Manager, China Taiping Group, said, "We are honoured and delighted to celebrate this milestone event here today. Our presence in Singapore has been very valuable and strategic. Singapore's political stability, strong financial and legal fundamentals, economic vibrancy and warm and pro-business policies have helped our Group prosper over the past 80 years. We have invested substantially in Singapore - with our asset base growing multiple-fold and we will continue to strengthen our commitment in the coming years. We intend to designate our Singapore office as the Regional Headquarters (RHQ) to drive the Group's growth - and continue to benefit from resilient domestic demand and vast public infrastructure investment in key economies, including China under the Belt & Road Initiative (BRI).Today also marks a "double happiness" milestone for us as our subsidiary here received its licence from MAS as a composite insurer to carry on life insurance business in Singapore. This is certainly good news for our business prospects! We will remain committed to help and provide more support to businesses here to take advantage of the wealth of opportunities in the region so that we can all forge ahead to enjoy many more years of prosperity and positive growth."

On celebrating CTPIS' 80th anniversary, Deputy General Manager, China Taiping Group and Chairman of China Taiping Insurance Singapore, Mr. Hong Bo commented, "This is indeed a momentous occasion to celebrate CTPIS' 80th anniversary at a time when the finance and insurance industry is booming.

“‘Singapore’s finance and insurance sector is expected to grow at 7% this year - outpacing Singapore's national economic growth - according to a recent poll done by the Monetary Authority of Singapore (MAS)2 - which also showed that Singapore’s finance and insurance sector will take a larger role in driving economic growth in 2018. “

“These trends” he added “herald bright prospects for us as our strong heritage positions us well to ride the growth wave together with our strategic partners in Singapore and overseas. CTPIS has demonstrated remarkable growth and resilience over the years. We are now on the cusp of even greater growth - as we pursue new opportunities in Singapore and the region with a larger capital base and a wider group of leading enterprises from both the public and private sectors. Our combined strengths will enable us to accelerate our growth plans forward."

Altogether three deals were inked between CTIG and major Singapore organisations while CTPIS signed strategic agreements with two of China's largest banks - Singapore Branch - BOC and ICBC. The auspicious occasion also saw the unveiling of the first Innovation Lab by Chinese enterprises in Singapore by senior officials of China Taiping Insurance Group, Enterprise Singapore, the Chinese Embassy and the Monetary Authority of Singapore ("MAS").

Partnership with Enterprise Singapore to Promote Belt & Road Initiative ("BRI") and drive innovation collaboration with the Chinese Insurer’s first Innovation Lab in the region.

CTIG and Enterprise Singapore signed a Memorandum of Understanding (MOU) today to promote greater collaboration between Singapore and Chinese companies on regional infrastructure projects under the BRI. Both parties will also work together on CTIG’s Singapore Innovation Lab to explore fintech and innovation opportunities in the region. This marks the first innovation lab by the Chinese insurer in the region.

With this partnership, CTIG and Enterprise Singapore will facilitate the participation of Singapore companies in regional infrastructure projects in China and other global markets . CTIG will also work with Enterprise Singapore to support Singapore companies in their BRI investments, including providing asset management services, insurance and financing support.

Said Mr Yew Sung Pei, Assistant Chief Executive Officer, Enterprise Singapore, “Enterprise Singapore’s partnership with China Taiping supports our continuous efforts to build a more vibrant and diverse innovation ecosystem in Singapore. China Taiping’s Innovation Lab will provide another avenue for promising global startups to testbed and apply their technologies in a realistic, commercial environment here.”

The MOU between CTIG and Enterprise Singapore was signed by Mr Hong Bo and Mr Wong Choo Sin, Director, China Division of Enterprise Singapore.

Singapore’s Minister for Trade and Industry, Mr Chan Chun Sing, Chinese ambassador to Singapore, His Excellency, Mr Hong Xiaoyong, Mr Yew Sung Pei, Assistant Managing Director of Monetary Authority of Singapore (MAS), Mr Ng Yao Loong, Mr Wang Si Dong, Mr Hong Bo, and General Manager China Taiping Singapore, Mr Yang Yamei, jointly unveiled the Singapore Innovation Lab today at CTPIS’s 80th anniversary event.

The Singapore Innovation Lab will carry out incubation activities, develop innovation capabilities, and serve as a testbed for new technologies like mobile intelligent insurance survey solutions, facial recognition, robotics and Artificial Intelligence customer management solutions, Internet-Of-Things, and big data analytics. Enterprise Singapore will connect suitable Singapore-based startups to CTIG and facilitate collaboration in these areas.

CTIG plans to invest an initial sum of US$2 million to set up the lab, with an additional sum of US$3 million to be injected at the second phase.

Intent for Mutual Cooperation with SCCCI to boost Collaboration

CTIG and SCCCI singed an intent to pursue project and innovative business cooperation for SCCCI's members. SCCCI currently has more than 160 trade association members and 5,000 corporate members. Its network covers more than 40,000 multinational companies, government-linked institutions, large financial and business organisations and small and medium enterprises from various industries.

MOU with RMG to jointly provide medical/healthcare insurance solutions as well as healthcare management services and explore health-related real estate opportunities

CTIG and SGX-listed RMG will explore setting up a joint venture company in China to offer a range of medical and healthcare insurance products as well as healthcare management services. The MOU will enable CTIG to appoint RMG as its preferred network of medical providers for its insured members (covering individual and corporate), staff and their dependents, as well as affiliates of CTIG. CTIG and RMG will also co-operate to actively explore opportunities in investment, management and/or consulting businesses in health-related real estate in China including medical facilities, elderly homes and retirement villages.

Strategic Agreements between CTPIS and BOC and CTPIS and ICBC

CTPIS meanwhile inked two strategic agreements with both Bank of China ("BOC") Singapore Branch and Industrial and Commercial Bank of China Limited Singapore Branch ("ICBC Singapore") with CTPIS and both banks in collaboration to provide various financial solutions for their customers and employees.

Further details of the MOUs and Strategic Agreements can be found on the attached Factsheet.

Cheque Presentation to the ST School Pocket Money Fund

Following the signing ceremony, CTPIS also made the auspicious occasion more meaningful with a notable donation to The Straits Times School Pocket Money Fund ("STSPMF"). A cheque of S$90,000 was presented by Mr. Hong Bo and Mr. Yang Yamei to STSPMF trustee Mr. Arthur Lang and SPH representatives Mr Anthony Tan and Ms. Tan Bee Heong.

"Corporate Social Responsibility is part of our culture of giving back to society. Helping children in their formative years is something we are committed to do as we see this as our responsibility to nurture our next generation. Children are our assets for future growth and we are happy to have this opportunity to contribute to their well-being and development," said Mr. Yang.

CTPIS also undertook an active 80th anniversary campaign to celebrate this milestone in Singapore. Some of its anniversary activities include a fund raising 5KM Fun Run, outdoor and print advertising campaigns as well as product promotions for travel, home, maid and motor insurance.

About China Taiping Insurance Singapore

China Taiping Insurance (Singapore) Pte. Ltd. (“CTPIS”) is a leading composite insurer for both life and general insurance businesses, originated from Tai Ping Insurance Co. Ltd Singapore Branch established in Singapore since 1938. CTPIS has a financial strength rating of “A” and issuer credit rating of “a” by the A.M. Best, and the outlook of these Credit Ratings (ratings) is stable. CTPIS has been assuring our customers in Singapore with financial peace of mind for the last 80 years. Our personal insurance protection covers travel, motor, home, personal accident, hospital and domestic maid. Our business insurance includes various business operation packages, property, casualty (includes work injury compensation), bonds, engineering, marine and medical & health. CTPIS is wholly owned by China Taiping Insurance Holdings Company Limited (“CTIH”), which was listed on the Hong Kong Stock Exchange in 2000, making it the first Chinese-funded insurer listed overseas.

About China Taiping Group

China Taiping Insurance Group Limited, CTIPS’ parent, is a large transnational financial and insurance group with 500,000 employees, 24 subsidiaries, more than 2,000 business outlets and total assets of RMB 600 billion. Its business network covers Mainland China, Hong Kong, Macau, North America, Europe, Oceania, East and Southeast Asia. In July 2018, it became one of the Fortune 500 companies. Its business scope includes life insurance, general insurance, pension insurance, reinsurance, reinsurance brokers and insurance agency, internet insurance, assets management, securities brokerage, financial lease, real estate investment, pension industry investment and other business, thus providing our clients with one-stop financial and insurance services.

About Enterprise Singapore

Enterprise Singapore, formerly International Enterprise Singapore and SPRING Singapore, is the government agency championing enterprise development. We work with committed companies to build capabilities, innovate and internationalise.

We also support the growth of Singapore as a hub for global trading and startups. As the national standards and accreditation body, we continue to build trust in Singapore’s products and services through quality and standards.

About Raffles Medical Group

Raffles Medical Group Ltd is a leading integrated private healthcare provider in Asia incorporated in 1976 and headquartered in Singapore. Raffles Medical Group is listed on the Main Board of Singapore Exchange (SGX: BSL) since 11 April 1997. It runs medical facilities in fourteen cities in Singapore, China, Japan, Vietnam and Cambodia, with two international hospitals under construction in Shanghai and Chongqing. It is the only private medical provider in Singapore that owns and operates a fully integrated healthcare organisation comprising a tertiary hospital, a network of family medicine and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, and a consumer healthcare division.

About Singapore Chinese Chamber of Commerce and Industry

Established in 1906, the Singapore Chinese Chamber of Commerce & Industry (SCCCI) is an internationally renowned business organisation and the apex body of the Chinese business community in Singapore. It is the founder of the biennial World Chinese Entrepreneurs Convention, a global business convention. It plays a key and pro-active role in representing the interests of the local business community. In its continued drive for service excellence, the SCCCI has become the first business chamber in the region to be awarded ISO 9001 certification since 1995. In 2009, the Chamber successfully upgraded its ISO certification to ISO 9001:2008.

The SCCCI has a membership network comprising 5,000 corporate members and has more than 160 trade association members, representing over 40,000 companies including large financial and business organisations, multinational corporations, government-linked companies, and small and medium enterprises from a wide spectrum of trades and industries. These members together provide vast resources and opportunities which enable the SCCCI to develop an influential global Chinese business network for business, education, culture and community development. In return, they share a strong sense of pride and identity together and benefit immensely from the SCCCI’s membership services, facilities and activities.

About Bank of China

Bank of China Singapore Branch (BOCSG) was established in 1936. It holds a Qualifying Full Bank License (QFB) in Singapore since 2012. Out of over 120 foreign banks in Singapore, 10 have obtained this license. BOCSG has a network of 23 financial touch points in Singapore, including 13 sub-branches and 10 self-service banking outlets, and at the same time providing banking services at over 200 automated teller machines through the ATM5 network island-wide. Leveraging on the Group’s extensive global network and local expertise, it provides customers with a full suite of banking services such as traditional commercial banking services, investment banking services, and private banking services.

BOCSG, on behalf of the Head Office, manages and operates several regional business centres, including Commodity Business Unit (which consists of The Commodity Finance Unit, The Global Commodity REPO Centre and The Commodities Trading Desk), Forfaiting Unit, Debt Capital Market Centre (Asia), Private Banking Centre, Card Unit, Innovation Lab and Overseas Training Centre. With the direction to support the internationalisation of China and Singapore enterprises, its operations cover Southeast Asia and extend to the global market.

Since its establishment, BOCSG has been committed to innovation and development. In 2016, BOCSG was the first Chinese enterprise to be conferred the “Business China Enterprise Award”. In 2017, BOCSG became a council member of the Association of Banks in Singapore, and was elected as the chairman of the Southeast Asia Regional Committee of the International Trade and Forfaiting Association. BOCSG also actively supports RMB internationalisation. It is the pioneer bank in offering RMB products in Singapore, and also the largest RMB service provider currently. With the deepening collaboration between China and Singapore, BOCSG will persistently enable advancement through technology, drive development through innovation, deliver performance through transformation and enhance strength through reform, in an effort to build Bank of China into a world-class bank in the new era, bringing greater contributions to Sino-Singapore relations.

About Industrial & Commercial Bank of China Limited Singapore Branch

Industrial & Commercial Bank of China Limited Singapore Branch (ICBC Singapore), the first overseas institution of ICBC, was established in 1993. Over years of arduous endeavour, ICBC Singapore has become one of the leading commercial banks in Singapore, offering a full range of financial products and services covering retail banking, private banking, corporate banking, institutional banking and investment banking.

Issued on behalf of CTPIS:
For more information, please contact:

Ms. Tham Moon Yee
Mr. Soh Tiang Keng
Mr. Julian Kay

Stratagem Consultants Pte Ltd:
Tel: 65 6227 0502
Fax: 65 6227 5663

Media Contact:
Cindy Cheng
Head, Marketing
China Taiping Insurance (Singapore) Pte Ltd
Tel: (65) 6389 6158
Cindy.cheng@sg.cntaiping.com

Ms. Tham Moon Yee
Stratagem Consultants Pte Ltd:
Tel: (65) 6227 0502
tmy@stratagemconsultants.com

Mr. Julian Kay
Stratagem Consultants Pte Ltd:
Tel: (65) 6227 0502
julian@stratagemconsultants.com

About ST School Pocket Money Fund (STSPMF)

The Straits Times School Pocket Money Fund (STSPMF) was started in 2000 as a community project initiated by The Straits Times to provide pocket money to children from low-income families to help them through school. The children can use this money for school-related expenses, such as buying a meal during recess, paying for transport or using it to meet other schooling needs. The financial help also eases the burden of the many parents who are already struggling to feed their families on their meagre incomes.

The Fund supports more than 10,000 children and youth a year. Since the project started in 2000, the Fund has disbursed more than $60m and helped over 160,000 cases of children and youth in providing them with monthly school pocket money.

STSPMF was established as a Trust on 20 October 2010 with a Board of Trustees and was granted charity status on 14 November 2011 with Institution of A Public Character (IPC) status effective from 1 January 2012.

The funds works with the Ministry of Education, mainstream and special needs schools, youth centres, family service centres and children's homes in disbursing the funds to students from low-income families.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
CUHK Jockey Club Museum of Climate Change Organises 'Beyond 60°S' Exhibition
 
Sep 02, 2018
Category:

Jointly organised by the Jockey Club Museum of Climate Change (the Museum) of The Chinese University of Hong Kong (CUHK), local non-governmental organization ProjecTerrae, science communicator Dr Stephen Ng, and the Agriculture, Fisheries and Conservation Department of the Government of the Hong Kong SAR, an exhibition entitled ‘Beyond 60°S’ was launched on 30 August. Officiating at the opening ceremony were Prof. Fok Tai-fai, Pro-Vice-Chancellor and Vice-President of CUHK, Ms Vivian Lee, Senior Charities Manager of The Hong Kong Jockey Club, Dr Stephen Ng, science communicator and Ms Louise Li, Senior Fisheries Officer (Fisheries Management) of the Agriculture, Fisheries and Conservation Department.

As part of the ‘JC–CUHK Climate Action’ programme, the exhibition presents the importance of the Antarctic Treaty System and the Environmental Protocol, and highlights the rich biodiversity and natural resources of the Antarctic through art installations, graphics and photos. The exhibition is intended to raise Hong Kong people’s awareness of the importance of conserving the natural resources in the Antarctic by explaining how the Convention on the Conservation of Antarctic Marine Living Resources is implemented by the Agriculture, Fisheries and Conservation Department in Hong Kong.

In his welcome address, Prof. Fok Tai-fai said, ‘Since the launch of the Hong Kong Chapter of the United Nations’ Sustainable Development Solutions Network (SDSN Hong Kong) earlier this year, CUHK and The Hong Kong Jockey Club Charities Trust (the Trust) have been working actively to advance the United Nations’ Sustainable Development Goals (SDGs). Three of the 17 SDGs are directly related to the conservation of natural resources.’ Prof. Fok said he believed the exhibition would give visitors a better understanding of the potential threats to Antarctic resources, and of the pressing need to conserve natural resources in the Antarctic and beyond. He also expressed his heartfelt gratitude to the Trust and other supporting organisations for their contribution to the exhibition.

JC–CUHK Climate Action – ‘Beyond 60°S’ Exhibition

Exhibition period:

30 August – 30 November 2018
 (closed on Wednesdays, Sundays and public holidays)

Opening hours:

9:30 am – 5:00 pm

Venue:

Jockey Club Museum of Climate Change,
Yasumoto International Academic Park 8/F, CUHK
(Near Exit D, MTR University Station)

Jockey Club Museum of Climate Change

The Jockey Club Museum of Climate Change, funded by The Hong Kong Jockey Club Charities Trust (the Trust), was established in December 2013 at The Chinese University of Hong Kong (CUHK). It is the first museum of its kind in the world, offering an interactive, multimedia exhibition that showcases valuable collections and information about climate change. It is the ideal venue for the public, especially students and teachers, to champion the cause of environmental stewardship and keep themselves abreast of the latest developments in environmental conservation and sustainability. The Museum has attracted over 320,000 visitors since its inception.

In 2017, the Trust pledged its support for a three-year initiative of the Museum: ‘JC–CUHK Climate Action’. During the next three years, the Museum will run a variety of environmental education activities to help the people of Hong Kong better understand the potentially devastating effects of climate change, suggest innovative solutions and engage in climate action.

More details about the Museum can be found at http://www.mocc.cuhk.edu.hk/.

 
 
Bridging Singapore and Austria Startup Ecosystems for Wider Business Opportunities Overseas
 
Aug 30, 2018
Category:

Singapore, 30 August 2018 --( ASIA TODAY )-- Action Community for Entrepreneurship (ACE) signed a Memorandum of Understanding (MOU) with Advantage Austria and Global Incubator Network (GIN) this afternoon, with the aim to strengthen the startup ecosystems of Singapore and Austria, as well as to facilitate market access between the two countries.

The MOU signing ceremony held at the ACE International Centre (ACEIC), was graced with the presence of His Excellency Federal Chancellor Sebastian Kurz, head of government of the Austrian Republic, Dr Mohamad Maliki Bin Osman, Senior Minister of State, Ministry of Defence & Ministry of Foreign Affairs Singapore and Mayor of South East CDC, and other members of the Austrian delegation such as Dr Margaret Schramböck, Federal Minister, Federal Ministry for Digital and Economic Affairs (Austria) and Mr Herald Mahrer, President, Austrian Federal Economic Chamber, and Dr Mark Hon, Chairman of ACE.

The MOU outlined the organising of events and workshops to raise awareness of Austria as a launchpad to the European market for Singapore startups, and correspondingly, Singapore as a launchpad to the Asian market for Austrian startups. As part of ACEIC efforts to help startups venture overseas, this initiative aims to facilitate greater involvement of investor networks in Singapore and Austria where Singaporean and Austrian investors will be able to tap into each other’s startup ecosystem for market access and investment.

ACEIC is a dedicated one-stop centre for local and international startups looking to scale up and internationalise their business. In partnership with government agencies such as Enterprise Singapore and JTC, ACEIC helps strengthen startups' competitiveness, grow global champions and create opportunities for startups globally. ACEIC also runs the ACE Market Access Programme to drive the growth of startups into overseas markets.

Advantage Austria, with its estimated 110 offices in over 70 countries, provides a broad range of intelligence and business development services for both Austrian companies and their international business partners. It assists businesses around the world in locating Austrian suppliers and business partners, it brings business contacts together by introducing them to Austrian companies which are looking for importers, distributors or agents, and it provides in-depth information on Austria as a business location and assistance in entering the Austrian market.

Global Incubator Network (GIN) is the single point of contact in Austria for startups, investors and incubators, and it connects the Austrian startup ecosystem with hotspots in Asia, including Singapore. As a flagship programme initiated by the Austrian government, it offers programme and services for startups interested in Austria and for Austrian startups searching for cooperation with partners in Asia. GIN also connects investors as well as incubators and accelerators, providing access to selected targets and an international network of key players in innovation and finance.

According to Dr Mark Hon, Chairman of ACE, “The signing of the MOU marks the start of a close cooperation to help ACE, Advantage Austria, and GIN gain knowledge and insights on the startup ecosystems of Singapore and Austria for start-ups to thrive in. Through this mutually beneficial partnership, we aim to strengthen the investor and entrepreneur networks of both countries which will hopefully act as the startup ecosystems’ launchpads for the Asian and the European markets.”

Photos of MOU signing ceremony, from Left to Right (name, designation, organisation):

• Bernhard Sagmeister, Managing Director aws, Global Incubator Network (GIN)
• Mr Edmas Neo, Executive Director, Action Community for Entrepreneurship (ACE)
• Henrietta Egerth-Stadlhuber, Managing Director FFG, Global Incubator Network (GIN)
• Michael Otter, Director General, Advantage Austria, Austrian Federal Economic Chamber

The MOU signing ceremony was witnessed by His Excellency Federal Chancellor Sebastian Kurz, head of government of the Austrian Republic, Dr Mohamad Maliki Bin Osman, Senior Minister of State, Ministry of Defence & Ministry of Foreign Affairs Singapore and Mayor of South East CDC, and other members of the Austrian delegation such as Dr Margaret Schramböck, Federal Minister, Federal Ministry for Digital and Economic Affairs (Austria) and Mr Herald Mahrer, President, Austrian Federal Economic Chamber, and Dr Mark Hon, Chairman of ACE.

-End-

About Action Community for Entrepreneurship (ACE)
The Action Community for Entrepreneurship (ACE) is a national private sector-led organisation to drive entrepreneurship and innovation in Singapore.

Launched in 2003 by the Ministry of Trade & Industry and restructured as a private entity in 2014, ACE is supported by the government, under the patronage of Senior Minister of State for Ministry of National Development and Ministry of Trade & Industry, Dr Koh Poh Koon. ACE's Board of Directors also comprises of experienced entrepreneurs and professionals immersed in the entrepreneurial ecosystem.

Today, ACE plays a key role in building a dynamic and sustainable startup ecosystem in Singapore. ACE supports startups across all stages and focuses on three strategic areas:

(i) driving co-innovation between startups and enterprises;
(ii) helping startups to scale and internationalise;
(iii) building an access hub of connected ecosystems across countries.

For more information on ACE, please visit www.ace.org.sg.

For media enquiries, please contact The Rainmaker Marketing Group Pte Ltd at 6475 8368.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
HAITE and MAB Academy Sign MOU for Training Services Collaboration
 
Aug 29, 2018
Category:

Singapore, 29 August 2018 --( ASIA TODAY )-- HAITE Aviation Training (hereafter referred to as ‘HAITE’), a wholly-owned subsidiary of Sichuan Haite High-Tech Co. Ltd. of Chengdu, China (HAITE Group), and Malaysian Airlines Berhad (MAB) Academy, a subsidiary of the Malaysian Aviation Group (MAG), have come together to collaborate on the provision of joint commercial flight crew training services in Malaysia.

A holistic aviation education institution that provides all aspects of airlines operations and management training, MAB Academy is endorsed by the Civil Aviation Authority of Malaysia (CAAM), and is a strategic regional training partner with the International Air Transport Association (IATA).

Ben Lam, Managing Director of HAITE said, “As an independent aviation training centre, HAITE Aviation Training has been playing a key role in developing and implementing skill development programs for aviation pilots and cabin crew across Asia Pacific. This MOU opens the pathway for closer collaborations between HAITE and MAB Academy to provide regional airlines with a one-stop, sustainable, and effective training solution.”

The two parties signed a Memorandum of Understanding (MOU) on 29 August 2018 at the HAITE Singapore Aviation Training Center located in Changi Business Park. HAITE and MAB Academy will work together to develop and implement turnkey pilot training solutions to various airlines in the Asia Pacific. The companies will also explore the setting up of a joint venture to provide high-fidelity simulator training for commercial pilots. In addition, both parties will work towards conducting a Multi-crew Pilot License (MPL) program, and jointly explore the provision of cabin crew training equipment to MAB Academy’s new facilities.

“We welcome this collaboration with HAITE,” shared Captain Kamaruddin Kamilin, MAB Academy CEO. “Together, HAITE and MAB Academy will deliver world-class pilot and cabin crew training to Malaysian Airlines and other regional airlines, supporting the fast-growing training needs of cockpit crew in Asia. We look forward to shaping the future of aviation training in partnership with HAITE.”

For more information on HAITE, please visit www.haitegroup.com.

For more information on MAB Academy, please visit www.malaysiaairlinesacademy.com.

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About HAITE Aviation Training Singapore

HAITE Aviation Training Singapore (officially ‘Aviation Safety and Training Pte Ltd’, hereafter referred to as HAITE Singapore), is a wholly-owned subsidiary of Sichuan Haite High-Tech Co. Ltd. of Chengdu, China (HAITE Group).

The company was established to manage the HAITE Singapore Aviation Training Centre, which officially opened in April 2015. The training center serves as a training hub for pilots and related aviation crew, for various aircraft models that are widely used in China and the Southeast Asia region. It is the Group’s first aviation training center outside of China, and is also the first major investment by a Chinese aerospace company in Singapore.

Located in Changi Business Park, the 6-storey facility spans over 21,000 sqm, and currently holds two Full Flight Simulators. Two new Flight Simulators will be added in January 2019 and January 2020. At its full seven-bay capacity, the training center will be able to provide over 40,000 hours of training per year.

HAITE Singapore’s Aviation Training Centre also offers professional and customized training programs. In addition to the flight simulator bays, the center also has briefing rooms, classrooms, computer-based training (CBT) rooms, training auxiliary facilities, a rooftop conference/dining room, as well as a crew lounge and cafeteria.

About the HAITE Group

Established in 1991, HAITE Group is a China-based integrated aerospace company that specializes in repair and maintenance, inspection, training, and research and development of aviation electronics.

Headquartered in Chengdu, China, the Group owns nearly 50 subsidiaries and associated companies in China and the Asia Pacific, and works with major aircraft manufacturers worldwide, including Boeing, Airbus, and Bombardier. HAITE Group currently employs more than 2,000 people.

Sichuan Haite High-Tech Limited, a subsidiary of HAITE Group, is China’s first private aviation maintenance company, and is the first aviation company in Southwest China to be awarded the coveted CCAR-142 certification. This permits HAITE to conduct aviation training, and is awarded by the Civil Aviation Administration of China. HAITE currently operates a Training Centre in Kunming with another facility under final stage of construction in North East China.

Editorial Contact

Ms Gracine Wee | e: gracine@redbugpr.com | t: +65 6220 4787

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
VIPKid Announces Strategic Partnership With World-Renowned Education Publisher Houghton Mifflin Harcourt
 
Aug 29, 2018
Category:

BEIJING--(BUSINESS WIRE)--This week, global education company VIPKid announced a strategic partnership with Houghton Mifflin Harcourt (HMH), one of the most influential educational publishers in the world. Together, the companies will utilize HMH’s highly regarded reading and language arts curricula to develop learning programs for VIPKid’s platform, making VIPKid the first online education company to acquire these rights from HMH in China. Through this partnership, VIPKid becomes the exclusive partner for three programs in China. Together, the companies will develop targeted educational experiences for Chinese students. In addition, VIPKid announced this week its Global Curriculum Development Plan encompassing strategic alliances with over 20 educational institutions.

As part of this cooperation, VIPKid will obtain the online tuition rights to three major series of HMH award-winning curricula, including Journeys, Escalate English, and Collections. Journeys is currently used by 6.7 million primary school students in the United States, while Collections is used widely in middle and high school classrooms. VIPKid plans to launch its Super course based on HMH’s Journeys and Collections. Super, aimed at ages 5-18, covers core competencies such as language development and subject acquisition to enhance students’ long-term ability to learn.

Since its founding in 1832, HMH’s educational materials have reached over 50 million students in more than 150 countries. HMH’s Senior Vice President of Global Markets Samuel Bonfante explained that HMH chose to partner with VIPKid because of its leading position in the Chinese market and global reach. “We believe that cooperation between VIPKid and HMH will better meet the needs of students in China and around the world and will lead to excellent learning outcomes. We’re excited to partner with such an innovative and mission-driven company.”

VIPKid also announced its Global Curriculum Development Plan that outlines VIPKid’s goal to partner with over 20 leading educational institutions in the next five years to create content that is both global and local in nature for Chinese children. Regarding the importance of curriculum development, VIPKid Founder and CEO Cindy Mi said, “Our goal is to help break down cultural barriers and create learning materials that will teach children to see themselves as global citizens. Today we’re excited to take a major step forward through our partnership with Houghton Mifflin Harcourt, and we will continue to partner with industry leaders to develop innovative curriculum so that all children can find joy in learning.”

About VIPKid

VIPKid is a global education technology company that connects children with the world’s best teachers for real-time online English immersion learning. VIPKid’s mission is to inspire and empower every child for the future. VIPKid believes that education is not one-size-fits-all, rather all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity.

Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Sequoia Capital, Yunfeng Capital, Coatue Management, Matrix Partners, Sinovation Ventures, Learn Capital, Northern Light VC, Bryant Stibel, among others. The VIPKid platform currently connects over 500,000 paying students with over 60,000 teachers in the US and Canada.

For more information, please visit: www.vipkid.com.

Contacts
VIPKid
Adam J. Steinberg
Adam.Steinberg@vipkid.com.cn
Or
Johanna Goodrich
Johanna.Goodrich@vipkid.com.cn

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Kienlong Commercial Joint Stock Bank to Launch Kienlongbank - JCB Credit Card in Vietnam
 
JCN Newswire
Aug 20, 2018
Category:

Ho Chi Minh City and Tokyo - (ACN Newswire) - Kienlong Commercial Joint Stock Bank (Kienlongbank) and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd, announced Kienlongbank - JCB Credit Card launched on August 18th in Vietnam.

The holders of Kienlongbank-JCB Card can access the JCB acceptance network with about 30 million merchants in the world, and enjoy a lot of benefits provided by Kienlongbank, special privileges at selected merchants, and customer service at JCB Plaza, an overseas service counter around the world.

Moreover, Kienlongbank-JCB Platinum Credit Cardholders are entitled to a number of other privileges such as the access to over 73 airport lounges in Japan, China, Hong Kong, Singapore, Korea, Thailand and Vietnam; and 24/7 global support through a free hotline when booking car rental, hotel, restaurant, and golf in Japan.

The new cardholder will be waived issuing fee and annual fee of the first year, also for next years if reach the required minimum spending volume. Besides, from September 1st 2018 to December 31st 2018, Kienlongbank will offer gifts to customer who apply for new Kienlongbank - JCB card, and cardholder of Kienlongbank - JCB Card with spending from VND 2 million in the first 30 days after activating.

About Kienlongbank

Kienlong Commercial Joint-Stock Bank (Kienlongbank) was established and has been in operation from October 1995 in Kien Giang province in Vietnam. After over 23 years of operation, Kienlongbank has become a strongly developed, stable and reliable bank.

Kienlongbank set up, constantly strengthening and developing its business network; diversifying products and services, investing in the development of e-banking services; strengthening training and improving personnel policies, attracting talents; assuring the operation of an effective risk management system; improving financial capacity; performing social responsibility through social security activities.

The bank's strategy is to consistently expand its transaction network and bring Kienlongbank's brand, products and services closer to nationwide customers. Kienlongbank continued expanding its nationwide network and accelerated e-banking service development as approved by the State Bank of Vietnam. By the end of 2018, Kienlongbank possessed 134 transaction outlets, including 30 branches and 104 transaction offices located at 28 provinces and cities, striving to develop Kienlongbank into one of the 15 leading retail banks in Vietnam in the near future. For more information, please visit: https://kienlongbank.com

About JCB

JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
Kienlongbank
Customer Service Center
Tel: +84 28 1900 6929
Email: kienlong@kienlongbank.com

JCB Co., Ltd.
Kumiko Kida
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
SGX-Listed Hatten Land Unveils Plans for RM200M (US$49.2M) Water Theme Park in Collaboration with Samsung C&T and Polin Waterparks
 
JCN Newswire
Aug 07, 2018
Category:

MELAKA - (ACN Newswire) - Hatten Land Limited ("Hatten Land"), together with leading resort operator Samsung C&T Corporation and the world's leading designer and installer of water slides, Polin Waterparks, unveiled today plans to build a RM200 million water theme park, the largest in Melaka. The world's first 'sky' theme park is intended to be catalyst for the Malaysian historical city's tourism industry.

YAB Tuan Adly Bin Zahari, the Honourable Chief Minister of Melaka, witnessed the signing ceremony among the three parties to build Splash World @ Harbour City, a 500,000-sq ft water park to be located 14 floors above the ground in the centre of the designated UNESCO World Heritage city, which hosts nearly 17 million visitors a year.

Due for completion by end-2019 and expected to be opened to the public in the first half of 2020, Splash World @ Harbour City will be one of the region's largest water parks with up to 5,200 visitors a day.

Splash World @ Harbour City hopes to attract 850,000 to 1.0 million visitors annually after the first year of operation. The presence of the water theme park may also extend the average length of visitors' stays and increase their average spending per day, which bodes well for the tourism sector. It has an estimated development cost of RM200 million (USD49.2 million).

Hatten Land, listed on the Singapore Exchange and part of the conglomerate Hatten Group, will develop the project. Samsung C&T Corporation of South Korea will be operation advisor and consultant, while Polin Waterparks, headquartered in Turkey, will design and manufacture the water slide attractions.

Nestled between two 30-storey towers on the 14th floor deck of Harbour City @ Melaka, a mixed development shaped like a large ship, the four-storey Splash World @ Harbour City is the first 'in the sky' theme park that will offer an indoor and outdoor waterpark experience with more than one kilometer of water slides.

A man-made river will meander over two floors to intertwine more than 50 attractions, including 11 extreme slides for thrill-seekers, a Sky Beach, and a dedicated children's water play park. After dark, the Cosmic Waters light show will illuminate the park, accompanied by a water circus, trapeze stunts and other entertainment in a special amphitheatre.

The scale and concept of the project will reshape tourism in Melaka. Founded in along the Straits of Melaka in the 14th century, the port and spice hub witnessed waves of Portuguese, Dutch and British colonial rule for nearly five centuries before independence of then-Malaya in 1957, six years before the formation of Malaysia. It was visited at least five times in the 15th century by the famous Ming Dynasty Admiral Zhenghe (Cheng Ho) during his legendary seven voyages to the western ocean. Today, it is Malaysia's second-most visited city after the capital Kuala Lumpur.

"Melaka is rich in historical significance not just for Malaysia but the whole of Southeast Asia. Splash World @ Harbour City will bring a transformational new dimension to our travel and leisure landscape and make Melaka an even more compelling international attraction," said Melaka Chief Minister YAB Tuan Adly Bin Zahari.

"The impact of this project will resonate beyond tourism to the broader economy, creating new jobs and opportunities for international economic partnerships and even direct investments," he added.

"Splash World @ Harbour City is a hugely important project which underscores Hatten Land's commitment to the long-term development of Melaka. We are partnering world-renowned leaders in their respective fields - Samsung C&T Corporation and Polin Waterparks - to place Melaka on the world map as a must-visit destination. We are grateful to the Government of Melaka and the Malaysian authorities for their support of this project," said Dato' Colin Tan, Executive Chairman and Managing Director of Hatten Land.

Samsung C&T's resort group is the owner and operator of South Korea's popular Everland Resort, which hosts 8 million visitors per year. Everland Resort consists of the Everland theme park, which integrates attractions, shows, zoos, and gardens, as well as the Caribbean Bay waterpark, which features world-class facilities and services. It is a leading global operator and service provider for resorts, as well as golf courses, food supply and landscaping.

"Riding on our success with the Everland and Caribbean Bay resorts, we are pleased to offer our services and operational expertise in this new venture with Hatten's Splash World @ Harbour City. This is our first foray into Malaysia and we are optimistic about future growth in Melaka's tourism industry," said Mr. Tommy Byungsuk Jeong, General Manager of Everland Resort and Executive Vice President of Samsung C&T.

Polin Waterparks is a multi-award-winning global leader in the design, production, engineering and installation of waterparks and water slides that incorporate efficient smart design features. With a track record of 3,000 waterpark projects in 105 countries, it is the largest water slide supplier to waterparks in Eurasia.

"Splash World @ Harbour City is an exciting new destination for Malaysia and one of the region's few major waterparks. Polin Waterparks is honoured to be appointed to design and install Hatten's choice of hybrid ride designs to create a one-of-a-kind experience for Splash World's guests," said Emre Buyukgungor, Regional Sales Director of Polin Waterparks.

Harbour City, which has a total estimated gross development value of RM2.2 billion (USD541 million), spans 4.5 million square feet in built-up area. It is a themed mixed development that incorporates retail, hospitality and entertainment elements, and is located on Pulau Melaka.

Issued on behalf of Hatten Land by WeR1 Consultants Pte Ltd.

Media & IR Agency
WeR1 Consultants Pte. Ltd.
Mr Harold Woo and Ms May Barza
E: info@wer1.net
T: +65 6737 4844

Hatten Land Limited
Singapore
Mr Clarence Chong
E: clarence.chong@hattengrp.com
T: +65 6690 3136

Malaysia
Ms Shieh Lyi Tan
E: shiehlyi.tan@hattengrp.com
T: +606 282 1828

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

Hatten Land's current development portfolio comprises five integrated mixed-use development projects and one retail mall in Melaka, Malaysia. They are:

1. Hatten City Phase 1 (incorporating Elements Mall, SilverScape Residences, Hatten Place, and a tower block that has been taken up by DoubleTree by Hilton);
2. Hatten City Phase 2 (incorporating Imperio Mall and Imperio Residence);
3. Harbour City (incorporating a mall, a theme park and three hotels);
4. Satori (incorporating a retail mall, hotel and serviced residences);
5. Vedro by the River (a retail mall); and
6. The MICC Project (incorporating a shopping mall, cineplex, convention hall, an auditorium, meeting rooms, a hotel and a serviced apartment block).

Hatten Land Limited (SGX: PH0) began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of a reverse takeover of VGO Corporation Limited.

For more information, visit: www.hattenland.com.sg

This press release has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this press release.

This press release has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this press release, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone +65 6590 6881.

Full press release, with Appendix, can be viewed at: http://www.acnnewswire.com/clientreports/598/Hatten_180807.pdf

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

- ASIA TODAY News Global Distribution http://www.AsiaToday.com

 
 
Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
16 HKU start-up companies receive support from TSSSU@HKU Funding Scheme to commercialise R&D results
 
Aug 03, 2018
Category:

16 start-up companies formed by Professors, students or alumni of the University of Hong Kong (HKU) received the funding support from 2018/2019 Technology Startup Support Scheme for Universities @HKU (TSSSU@HKU) to commercialise their Research and Development results. The TSSSU@HKU Award Celebration Gathering was held today (26 July) at HKU to acknowledge the achievements of the TSSSU awardees.

The event was attended by Professor Andy Hor, HKU Vice-President and Pro-Vice-Chancellor (Research), Ms Zorina Wan, Assistant Commissioner for Innovation and Technology (Policy and Development) of ITC, Mr Albert Wong, CEO of Hong Kong Science & Technology Parks Corporation and panel members of TSSSU@HKU. Dr Miles Wan, founder of Fano Labs Ltd and one of the past TSSSU awardees, shared his valuable experience in running a start-up and the support received under the TSSSU@HKU programme.

The 16 TSSSU@HKU awardees for this year are as follows:

1. Brain Investing Limited
All-in-one Fin-tech solutions based on artificial intelligence technologies
2. CISC Limited*
Provision of cyber intelligence and cyber security consulting
3. Conzeb Limited*
High speed imaging for cancer diagnostics
4. Corvidae Technology Limited
Automation of industrial inspection of wind turbines and other commercial sites by drones and associating technologies
5. Datax Limited
A digital platform built on blockchain for data exchange
6. EN Technology Limited*
Novel encapsulation technologies for food and cosmetics industries
7. Eonzen Technology Company Limited*
Non-invasive blood glucose monitoring
8. HACTIS Limited*
Provision of Virtual Reality (VR) technology for training and education
9. High Performance Solution Limited*
Thermo-electrochemical capacitor (TEC) for converting low grade wasted heat into electricity
10. ImmunoDiagnostics Limited*
Biomarker discovery, assay development and in vitro diagnostics of major chronic diseases
11. Lifespans Limited*
Implant for repairing bone fractures in the elderly
12. m-Chinese Solution Limited*
A mobile app for enhancing teaching and learning in Chinese and connect and supporting individual learners and experts to organize mobile consultation and learning courses
13. Novel Sonics Limited*
Novel ultrasound imaging techniques for economical, real time and non-invasive diagnosis of Cardiovascular diseases
14. QuantumFabless Limited*
Fast and reliable quantum mechanical modeling and simulation tools for nano-scale materials, devices and applications modelling, to accelerate the research and development, improve quality and reduce cost
15. SkinData Limited*
Advancement of naturally sourced active pharmaceutical grade compounds to consumers seeking to maintain and improve skin health
16. Weavatools Limited
Collaborative research tools that simplifies the research process for students and corporations around the world

12 of the above 16 start-ups are commercialising HKU technologies (marked with *). Please contact the Communications and Public Affairs Office to learn more about the start-ups and to arrange media interviews.

Technology Startup Support Scheme for Universities @HKU
TSSSU@HKU is an award scheme that provides funding support to technology start-up companies formed by HKU’s Professors, students or alumni. This is leveraging on a funding scheme, “Technology Start-up Support Scheme for Universities” (TSSSU), provided by the Innovation and Technology Commission (ITC) for the six local universities, under which ITC will provide each university with an annual funding of up to HK$4 million to encourage technology start-ups to commercialise their R&D results. Companies under the scheme will be funded with a maximum amount of HK$1.2 million each year for no more than 3 years.

The scheme was first launched in 2014. So far, the TSSSU@HKU programme has supported 30 new technology startup companies in total. 6 of them were admitted to the Cyberport’s Incubation Program and another 8 were admitted to the corresponding programme at the Hong Kong Science and Technology Park.

Media enquiry:
Communication and Public Affairs Office:
Ms Trinni Choy (Tel: 2859 2606/ Email: pychoy@hku.hk)
Ms Rashida Suffiad (Tel: 2857 8555/ Email: rsuffiad@hku.hk)
Ms Melanie Wan (Tel: 2859 2600 / Email: melwkwan@hku.hk)
Technology Transfer Office:
Ms Alice Ip (Tel: 22990177 / Email: alice@tto.hku.hk)

SOURCE / The University of Hong Kong

 
 
Union Medical Healthcare and Biotechnology Company Avalon Genomics Agree to Strategic Collaboration
 
Jul 31, 2018
Category:

(30 July 2018, Hong Kong) Union Medical Healthcare Limited ("Union Medical Healthcare" or the "Company", together with its subsidiaries, the "Group", SEHK stock code: 2138), a leading integrated medical group in Hong Kong, is pleased to announce that the Group has entered into a strategic collaboration agreement with Avalon Genomics (HK) Limited ( "AGHK"), which is wholly owned by Avalon Genomics Limited ("Avalon Genomics"), expanding its services to genetic testing.

Avalon Genomics is a biotechnology company primarily engaged in the business of genetic laboratories, genetic testing and related development and research. Pursuant to the Agreement, AGHK granted the Company the exclusive right in the health check business sector in Hong Kong, subject to the terms of the Agreement, to distribute, promote, market and sell the genetic and genomic tests developed and offered by AGHK, which assess the genetic risks for various diseases of human beings including but not limited to autoimmune diseases, cancers, heart and vascular diseases, metabolic diseases and respiratory diseases. Meanwhile, the Group has entered into an agreement to acquire a minority stake in Avalon Genomics as a strategic investor.

Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of Union Medical Healthcare, said, "The Group has been extending its reach to and investment in other medical disciplines to enhance its service portfolio offering. We are pleased that Avalon Genomics has granted the exclusive right and agreed to work in strategic collaboration with us. Avalon Genomics is founded by a group of reputable scientists, biotechnologists and medical doctors who share a vision of people advancing healthcare of society through novel genetic research. Their vision coincides with our core values about developing precision medicine and preventive medical services. Through the collaboration, both Avalon Genomics and Union Medical Healthcare will be able to create synergy by leveraging our respective talents and resources, thus delivering a full array of quality services to clients."

- End -

About Union Medical Healthcare Limited
Union Medical Healthcare is principally engaged in the provision of one-stop medical and health care services in the Greater China via its 54 clinics and servicing centres with an aggregate service floor area of 200,000 sq. ft. The Group provides a full range of services and products under our well-recognised brands, including those of its one-stop aesthetic medical solutions provider DR REBORN, chiropractic services centre SPINE Central, health management and vaccination centre re:HEALTH and comprehensive dental centre UMH DENTAL CARE. Of which DR REBORN is recognised by "Hong Kong Top Service Brand Award" that is jointly organised by Hong Kong Brand Development Council and The Chinese Manufacturers' Association of Hong Kong. The Group is the largest aesthetic medical service provider in Hong Kong in terms of revenue in 2017.

For further information, please contact:
iPR Ogilvy & Mather
Callis Lau / Molisa Lau / Maggie Chui / Francesca Yeung
Tel: (852) 2136 6952 / 2136 6953 / 2136 8059 / 3920 7639
Fax: (852) 3170 6606
Email: umh@iprogilvy.com

- ASIA TODAY News Global Distribution http://www.AsiaToday.com