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Southco Introduces New Latch For Panel Closures Requiring Basic Compression


HONG KONG SAR – Media OutReach Newswire – 23 August 2024 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions, and hinges/positioning technology, has introduced a new line of compression latches that have been optimized to provide a simple and affordable solution for enclosure applications that require basic compression. The E9 Quarter-Turn Compression Latch combines the proven 90-degree actuation of Southco’s E5 Cam Latch series with light compression to fit a wide range of industry applications, including Bus, Rail and Industrial Machinery.

E9 Quarter-Turn Compression Latch
E9 Quarter-Turn Compression Latch

The E9 Quarter-Turn Compression Latch facilitates the upgrade from cam latching to compression latching for applications where the full compression strength of Southco’s E3 VISE ACTION® series is not required.

With simple 90 degree actuation, the E9 Quarter-Turn Compression Latch rotates the cam behind the frame to secure the panel. The E9 Quarter-Turn Compression Latch series is available in clockwise and counterclockwise versions, and with fixed or adjustable grip lengths that enable engineers to choose the right solution for their application.

Designed with fewer internal components, the E9 Quarter-Turn Compression Latch facilitates hardware upgrades and saves assembly time. Available with 13 different head styles and three different cam styles (standard, protected and roller cam) the E9 is highly customizable to unique application requirements. The highly durable latch meets IP66/IP67 (intrusion protection) ratings for dust and water ingress and is tested to last 10,000 cycles, making it a reliable choice for demanding environments.

Commercial Product Manager Jonathan Coulter adds, “The new E9 Quarter-Turn Compression Latch delivers an affordable alternative for panel closure upgrades, offering compression without high costs or complicated engineering.”

For more information about the functionality of E9 Compression Latches, please visit southco.com/E9-Quarter-Turn-Compression-Latch or email the 24/7 customer service department at info@southco.com.

Hashtag: #southco #compression #latchingsolutions #enclosure

The issuer is solely responsible for the content of this announcement.

Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

Innovative Vitality Boosts the Development of Hebei-Xiong’an

XIONG’AN, CHINA – Media OutReach Newswire – 22 August 2024 – Over the past seven years since its establishment, Xiong’an New Area in Hebei Province, north China, has intensified efforts to relieve Beijing of functions non-essential to its role as China’s capital, with the demonstration effect of central enterprises clustering initially emerging. The market economy vitality has continued to burst forth, with the rapid development of the private sector and export-oriented economy. Additionally, a batch of key technologies have accelerated their research and development, enhancing the potential for future development.

The market economy vitality continues to burst out

The Xiong’an Science and Technology Innovation Center has gathered and showcased a series of cutting-edge scientific and technological achievements. With the signing and entry of scientific and technological enterprises and over a dozen research platforms, it is constructing an ecological system for the transformation of achievements where various innovation entities are closely integrated. The pilot test base of the Xiong’an Science and Technology Innovation Center provides a carrier for the development and implementation of innovative achievements through preferential policies. New products developed by related enterprises, such as intelligent connected vehicles and intelligent inspection robots, have already been applied in Xiong’an.

The large-scale operation of innovative industrial platforms has attracted a large number of technology-based private enterprises to settle in Xiong’an New Area. The region has issued policy measures to promote the high-quality development of private investment and to support technological innovation and industrial development. It has established seed funds for scientific and technological innovation, industrial investment guidance funds, and implemented a pilot policy for corporate venture capital income tax, which offers a “three-year reduction and five-year exemption” period. These measures have increased the attractiveness of the area for technology-based enterprises.

Currently, more than ten innovative industrial platforms and over 20 themed buildings have been put into use, attracting inspections and negotiations from a number of private technology-based enterprises from the Beijing-Tianjin-Hebei region and the Yangtze River Delta.

The policies of the Xiong’an Free Trade Zone, Comprehensive Bonded Zone, and Cross-border E-commerce Comprehensive Test Zone overlap, empowering the development of an export-oriented economy. By linking with Tianjin Port, Huanghua Port, and Beijing Daxing Airport, ports have been brought to the “doorstep” of Xiong’an. Leveraging the foreign trade comprehensive service platform in Xiong’an New Area, enterprises have completed nearly 9,900 foreign trade orders.

The key technologies have accelerated the development and practice

Xiong’an is actively deploying high-end R&D platforms and industrial carriers to promote the implementation of key technology research and development. Currently, the Xiong’an New Area is actively advancing the construction of a series of national-level cutting-edge innovation platforms, such as the National Key Laboratory of Aerospace Flight Technology and the National Semiconductor Laser Technology Innovation Center, to accelerate the exploration of cutting-edge technology and the research of key core technologies. Among them, the Xiong’an Innovation Research Institute has established research units such as the Communication Photonics Integrated Chip Laboratory and the Cognitive Intelligence Laboratory, focusing on the research and development of optoelectronic chips and other fields.

To promote the incubation, transformation, industrialization, and scenarization of the latest technologies and products in Xiong’an, Hebei launched the “Future City Scene Collection” scene competition at the end of last year, aiming to facilitate the display of achievements, technology trading, and scene application, thereby promoting the development of future cities and industries. Currently, Xiong’an has hosted 10 competitions, including IPv6 applications, near-zero-carbon building technology applications, and Beidou technology applications, promoting the implementation of new technologies and products through open innovation scene applications.

Hashtag: #Xiongan

The issuer is solely responsible for the content of this announcement.

Stella’s First-Half Net Profit Surges 54% and Cash Balance Doubles

Board Approves Plan to Return US$180 million to Shareholders over Three Years in Addition to Normal Dividend


Highlights:

  • Shipment volume increased by 12.3%, led by Sports category
  • Revenue increased by 7.5% to US$770.0 million
  • Further enhanced customer portfolio
  • Gross profit margin expanded by 2.7 percentage points to 25.8%
  • Reported operating profit margin increased to 12.9% from 9.0% same period last year
  • Adjusted net profit increased by 54.1% to US$92.9 million
  • Strong net cash position reached US$326.1 million, compared to US$162.5 million as at 30 June 2023
  • Declared interim dividend of HK65 cents per share, representing a dividend payout ratio of about 71.5% based on adjusted net profit
  • Board resolves to return additional cash up to US$180 million in total for the next three years (2024-2026) to shareholders through a combination of share repurchases and special dividends, on top of paying regular dividends with a payout ratio of 70%

HONG KONG SAR – Media OutReach Newswire – 22 August 2024 – Stella International Holdings Limited (“Stella” or the “Group”; SEHK: 1836), a leading developer and manufacturer of quality footwear and leather goods products, today announced its interim results for the six months ended 30 June 2024.

Enhanced Customer Mix Drives Margin Expansion

In the first half of 2024, the Group’s revenue and shipment volumes increased year-on-year, driven by Sports category orders, as well as earlier shipments to certain customers, amounting to approximately 1 million pairs, compared to the original shipment plan. ASP decreased year-on-year, due to the higher proportion of Sports products which have a lower ASP.

The Group’s non-Sports manufacturing facilities operated at close to full utilisation throughout the period under review. The Group saw continued gross profit margin improvement resulting from an enhanced customer mix. This, together with improved operating leverage from the increased utilisation of its Sports manufacturing facilities, drove an expansion of the Group’s operating profit margin.

Due to the factors outlined above, the Group recorded a net profit of US$91.5 million. Excluding a marked-to-market net fair value change from its investment in Lanvin Group, the Group recorded an adjusted net profit of US$92.9 million (first half of 2023: US$60.3 million). Its adjusted net profit margin was 12.1% (first half of 2023: 8.4%).

Maintain Steady Payout Ratio of around 70%

After considering the Group’s free cash flow situation, the Board has resolved to declare an interim dividend of HK65 cents per ordinary share for the six months ended 30 June 2024, representing a payout ratio of about 71.5%.

Board Approves Plans to Return US$180 million to Shareholders

Given the Group’s strong cash levels, the Board has also resolved to return additional cash up to US$60 million per year for the next three years (2024-2026) to shareholders, not exceeding US$180 million in total, through a combination of share repurchases and special dividends, on top of paying regular dividends of with a normal payout of 70% (comprising of final dividends and interim dividends).

Gain Recognition for Excellence in Sustainability and Investor Relations

In the first half of 2024, the Group’s MSCI ESG rating was upgraded to ‘A’ from ‘B’, reflecting its ongoing efforts to adopt better sustainability and transparency practices.

The Group was also named in the leading international financial magazine Institutional Investor’s annual Asia Executive Team Rankings” (Rest of Asia section – ex Japan and Mainland China) for the first time, earning the ‘Honoured Company’ designation in 2024. It ranked 3rd in the ‘Best Company Board’ (Sell-side) category and 6th (overall) in the Consumer Discretionary sector. In addition, it was one of the winners for the ‘Best IR Company’ (small-cap) award at the 10th Investor Relations Awards 2024 held by the Hong Kong Investor Relations Association.

Stella to unlock Global Opportunities with HSCI Inclusion and Stock Connect Trading

Hang Seng Indexes Company has announced that Stella International will become a constituent of the Hang Seng Composite Index (“HSCI”) effective on 9 September 2024. From this date, the Group will also meet the requirements to become tradeable via the Stock Connect scheme.

Outlook: Maintain or Expand on Strong Margin Levels on Full-Year Basis

For the full year 2024, the Group expects to maintain or expand on the same strong operating margin level it achieved in 2023, as it continues to implement the strategies and meet the targets set out in its Three-Year Plan (2023-2025), namely achieving an operating margin of 10% and a low-teens annualised growth rate on profit after tax by the end of 2025.

The Group expects its non-Sports manufacturing facilities to continue operating at close to full utilisation in the second half of 2024, as it further enhances its product category mix as part of its Three-Year Plan. On a full-year basis, the Group expects shipment volumes to grow moderately compared to 2023, led by its Sports category

Mr. Chi Lo-Jen, Chief Executive Officer of the Group said, “As we seek to further improve our product mix, we are prioritising the ramp-up of our new factory in Solo, Indonesia, and improving worker skill levels in order to expand our capacity for higher-margin products and transition the production of some Fashion category products there from our factories in Vietnam. This will ensure that we continue meeting the profit growth targets of our Three-Year Plan.”

Mr. Lawrence Chen, Chairman of the Group, said, “We will continue to enhance our customer mix, expand and diversify our manufacturing base, optimise management effectiveness and efficiency, and strengthen our use of working capital in order to deliver further growth and value to our shareholders.”
Hashtag: #Stella

The issuer is solely responsible for the content of this announcement.

About Stella International Holdings Limited

Stella International (SEHK: 1836) is a leading developer and manufacturer of quality footwear and leather goods. A trusted partner to many of the world’s most sought-after brands, it offers a unique proposition of unparalleled craftsmanship, production flexibility, and strong speed-to-market and commercialization capability, supported by a broad, diverse and proven manufacturing base across China and Southeast Asia.

Stella International was listed on the Hong Kong Stock Exchange in 2007 and is a constituent of the MSCI Hong Kong Small Cap Index.

Vinhomes: Elevating Vietnam’s real estate standards through innovation


HANOI, VIETNAM – Media OutReach Newswire – 22 August 2024 – Vinhomes has redefined urban living in Vietnam, creating exceptional residential spaces that seamlessly blend luxury, technology, and community. With a portfolio of 29 projects across eight provinces and cities, the company has set new standards for urban lifestyles in Vietnam. Building on its success and capitalizing on Vietnam’s economic growth, Vinhomes is now attracting foreign buyers with strategic vision and unwavering commitment to quality and innovation.

Vinhomes Ocean City
Vinhomes Ocean City


Over 3 decades of development, Vingroup has emerged as a pioneering force in Vietnam, building a portfolio of top brands across a range of nascent industries.

In 2013, the conglomerate also launched Vinhomes, marking its entry into the real estate market. This venture rapidly evolved into a series of high-end residential and commercial developments that reshaped Vietnam’s urban skyline and introduced international living standards to the country.

Redefining Vietnam’s Skyline

In the early 2000s, when the Vietnamese real estate market demanded little more than basic shelter, Vingroup’s Vinhomes introduced a new concept: the gated, amenity-rich luxury condominium. Vincom Ba Trieu, with its civilized living spaces, was a pioneering example. Soon after, Vinhomes elevated its ambitions with the “all-in-one” urban model embodied by Vinhomes Royal City and Vinhomes Times City.

As this concept gained traction, Vinhomes again redefined the market with a dual focus on green living and integrated utilities. With each successive project, the developer eschewed repetition, introducing fresh elements and solidifying its reputation as a dynamic force capable of consistently reimagining the residential experience.

Vinhomes has cemented its position as a real estate titan through a nationwide portfolio of projects. Investors have recognized the company’s ability to seamlessly navigate the entire real estate value chain, from market analysis to post-sale management. This comprehensive approach, characterized by meticulous planning and execution, has been instrumental in Vinhomes’ development of pioneering products. By consistently researching global trends and best practices, the company has maintained its leadership role in the industry.

Even during the real estate market’s downturn between 2011 and 2013, Vinhomes properties remained in high demand. Data from leading market research firms like CBRE, Savills, and JLL consistently show the brand accounting for a significant portion of total supply, particularly in 2016 and 2017.

Beyond its financial success, Vinhomes has cultivated a strong reputation for creating exceptional living environments. Residents benefit from a comprehensive ecosystem of amenities, including schools, healthcare facilities, recreational spaces, and retail outlets. With a commitment to fostering community engagement, Vinhomes has transformed its developments into thriving urban hubs, earning accolades as one of the nation’s most desirable places to live. This holistic approach has propelled the company to the forefront of Vietnam’s real estate industry.

In a bold reimagining of urban living, Vinhomes has created an aquatic oasis in the heart of Hanoi. At the center of its Ocean City megaproject lies a 6.2-hectare saltwater lake, a first-of-its-kind amenity in the Vietnamese capital.

Vinhomes has further expanded its vision with Vinhomes Royal Island, an 877-hectare development inspired by the world’s most coveted island getaways. This project offers residents a unique blend of luxury, natural beauty, and modern conveniences. The community boasts an extensive network of 31 parks, swimming pools, and sports facilities.

Vinhomes Can Leverage Vietnam’s Growth to Attract Foreign Buyers

With a proven track record and the allure of Vietnam’s growing economy, Vinhomes is now courting foreign investment for its internationally-benchmarked developments. The company’s strategic acumen and unwavering dedication to quality and innovation have propelled it to the forefront of the Vietnamese and global real estate industry.

A hallmark of Vinhomes’ success lies in its ability to anticipate and fulfill the evolving needs and aspirations of its clientele. By consistently investing in research and development, the company has stayed ahead of market trends and introduced groundbreaking concepts to the Vietnamese real estate market. For instance, Vinhomes’ integration of smart home technology has elevated the living experience for its residents, offering features such as remote control, enhanced security, and energy efficiency.

Moreover, Vinhomes has played a crucial role in enhancing Vietnam’s urban fabric. The company’s developments have spurred economic growth, created jobs, and improved the overall quality of life for residents.

As Vietnam continues its trajectory towards becoming a developed nation, Vinhomes is well-positioned to capitalize on the growing demand for high-quality real estate. With a strong foundation built on innovation, sustainability, and customer satisfaction, the company is poised to maintain its leadership position in the market and contribute significantly to the country’s economic and social progress.

Hashtag: #Vinhomes

The issuer is solely responsible for the content of this announcement.

APAS “5G-enabled Autonomous People Mover Service in a Residential Park”

Private Housing Estate to Host Groundbreaking Field Test of Self-driving Right-Hand Drive Vehicle


HONG KONG SAR – Media OutReach Newswire – 22 August 2024 – The Automotive Platforms and Application Systems R&D Centre (APAS) announced that “5G-enabled Autonomous People Mover Service in a Residential Park” pilot programme has officially launched following approximately two years of meticulous planning and technological research, like the collection of high-definition maps, artificial intelligence (AI) algorithm development, simulation testing, debugging and most importantly, safety tests. With Movement Permit for a Vehicle secured, the field tests at Fairview Park will commenced on 26 August. The programme received funding from the HKSAR Government’s Smart Traffic Fund and enjoyed the full support of Kwoon Chung Bus Holdings Limited (Kwoon Chung), TriTech Distribution Limited (Tritech), a subsidiary of MTT Group Holdings Limited, as well as the Fairview Park Property Management Ltd. and its Management Advisory Committee. It will serve as a reference point for transport officials and the local industry for developing self-driving right-hand drive vehicles, in order to better prepare for the wider adoption of autonomous driving technology in public transportation in the future.

The two autonomous shuttle light buses in the pilot programme have passenger capacities of 12 and 8 respectively, with the 8-seater being equipped with a wheelchair space. Both vehicles feature sensors to detect in real-time if the passengers are wearing their seat belts properly. The low-floor design not only facilitates senior citizens and wheelchair users, but also enhances the children’s safety during boarding and alighting. The operator has purchased third-party insurance for the vehicles to protect passengers. During the pilot project period, APAS will conduct monthly inspections of the vehicle and autonomous driving system, and collect relevant data to improve the service.

Dr Lawrence CHEUNG, Chief Executive Officer of APAS, says, “Since APAS began innovating autonomous driving in 2018, we have always dedicated to collaborating with the industry, academia, and technology institutions to commercialise the results of research and development (R&D) innovations, thereby promulgating the development of Hong Kong vehicle technology industry. With the support of Kwoon Chung, TriTech and Farview Park Property Management Ltd, we can launch the pilot programme at Fairview Park. We expect this to benefit the local industry by grooming talent and accumulating experience to facilitate the use of autonomous vehicles, thereby enabling the wider adoption of autonomous driving technologies in public transport soon. APAS will continue striving alongside the ‘Hong Kong Smart City Blueprint 2.0’ by providing talent and experience to further speed up the implementation of wider application of autonomous vehicle technology in Hong Kong, as well as promoting the collaboration between Government, industry, academia and research sectors to accelerate the relevant R&D and application, making Hong Kong a more liveable, sustainable city.”

Mr Timothy WONG, Chief Operating Officer, Kwoon Chung says that the group has been actively exploring autonomous electric light bus services in recent years and is also glad to see an increased number of infrastructure projects to introduce autonomous electric vehicles and transport systems. “At Kwoon Chung, our smart mobility initiatives shoulder the responsibilities of a technical enabler, localisation and commercialisation. By positioning as a technical enabler, Kwoon Chung is committed to applying advanced technologies in the domain of smart mobility, and promoting industry innovation and development. Our vision is to become a pioneer in the localisation and commercialisation of autonomous driving, marrying technological advancements with the demands of Hong Kong and the world while nurturing the implementation and commercialisation of technology.”

As one of the largest private residential villa estates in Hong Kong, Fairview Park has long and wide main carriageways while its low-density residential environment makes it ideal for the trial of autonomous driving. This pilot project deploys two autonomous driving shuttle light buses with Cellular-Vehicle-to-Everything (CV2X) that run through the southeastern and northwestern parts of Fairview Park, providing residents with an additional option on top of the existing two estate shuttle bus routes. During the two-month trial period, the two autonomous driving shuttle light buses will operate between 9am and 6pm on Monday to Friday (excluding public holidays), with seven bus stops for residents within the estate. The approximately 2.5km-long circular route observes bus stops #3 and #9 in a clockwise direction.

The Fairview Park estate management believes these shuttle light buses can potentially provide residents with extra transportation options, and express their gratitude to the research and development team for selecting Fairview Park as the pilot project for 5G autonomous driving implementation. Fairview Park hopes to integrate ‘green technology’ and ‘Smart City’ concepts through application of ‘smart mobility’ technologies. The estate aims to create a greener and more livable environment for residents, as well as upgrading Fairview Park to be in line with future developments of the Northern Metropolis area. The estate management hopes to continue cooperation with government and private sector through technological innovation, striving to create a sustainable community model and participate in the Smart City development concept for Hong Kong.

Each autonomous driving shuttle light bus in the pilot project is equipped with various sensors, a 5G receiver and AI technologies, from high-definition digital maps, object detection, route planning and vehicle dynamic control (VDC) and more. They are also equipped with CV2X function that integrates cameras, light detection and ranging (LIDAR), and GPS positioning system to enhance the light bus’s localisation accuracy. Furthermore, the autonomous driving vehicles can detect surrounding vehicles, pedestrians, cyclists and other obstructions, and respond appropriately to avoid any collusions.

Meanwhile, the approved Movement Permit for a Vehicle stipulates a speed limit of 30km/hr for the autonomous driving shuttle light buses in this project. A safety driver will be on board on standby on each trial vehicle, overtaking the controls manually in cases of emergencies for the safety of passengers. Assigned by Kwoon Chung, the safety drivers are holders of valid and designated driving licenses in Hong Kong. They must complete compulsory, professional training conducted by Kwoon Chung to ensure they understand the operation, functions and working guidelines of the autonomous driving shuttle light buses and have the written recognition from the technology developer. During the pilot programme’s service hours, a safety officer will be stationed at the bus terminus to monitor the driving data in real-time through the 5G wireless network, and assist the safety drivers in handling any emergencies.

The “5G-enabled Autonomous People Mover Service in a Residential Park” was launched in August 2022. It is coordinated by APAS, who also supports the trial of various autonomous driving technologies and the charging of the autonomous driving shuttle light buses. It is supported by the Government’s Smart Transport Fund. For details of the project, please visit: https://stf.hkpc.org:8443/psri-25-2112-ra/.

For high-resolution photos, please download via this link.

Photo Captions:

  1. The pilot of “5G-enabled Autonomous People Mover Service in a Residential Park” is officially launched at Fairview Park, including two autonomous driving shuttle light buses with passenger capacities of 12 and 8 respectively. The eight-seater is equipped with a wheelchair space (small photo).
  2. (From left) Mr Timothy WONG, Chief Operating Officer, Kwoon Chung; Mr Clement AU, Group General Manager and Financial Controller, Fairland Holdings; Mr WONG Leung Pak, Matthew, BBS, Chairman, Kwoon Chung; Mr DU Yonghai, General Manager, APAS; Mr LAM Sai Hung, GBS, JP, Secretary for Transport and Logistics; Dr Lawrence CHEUNG, Chief Executive Officer, APAS; Mr LIU Chun San, JP, Undersecretary for Transport and Logistics; Mr Douglas WU, Executive Director, Fairland Holdings; and Mr CHAN Yuet Chuen, Alfred, Political Assistant to the Secretary for Transport and Logistics, witness the trial run of the autonomous driving shuttle light buses.
  3. Mr LAM Sai Hung, GBS, JP, Secretary for Transport and Logistics, inspecting the trial run of the “5G-enabled Autonomous People Mover in a Residential Park” at Fairview Park.

Hashtag: #HKPC

The issuer is solely responsible for the content of this announcement.

About Fairland Group

Fairland is a Hong Kong-based property developer founded in the 1970s, and is well-regarded for introducing to Hong Kong the house-living concept in a well-planned suburban estate. The group’s renowned developments include Fairview Park near Yuen Long and Hong Lok Yuen in Tai Po. Fairview Park is the first and largest low-density suburban estate in Hong Kong, with over 5,000 house units, a community retail mall and country club, and located next to the famous Mai Po Nature Reserve. Currently, Fairland is growing the ‘Spark City’ series of neighborhood lifestyle and retail properties, serving the community’s everyday needs such as education and restaurants. Spark City locations include Cheung Sha Wan, To Kwa Wan and Mongkok.

About Kwoon Chung Bus Holdings Limited

Kwoon Chung Bus Holdings Limited was established in 1948 and is the largest non-franchised public bus and luxury car operator in Hong Kong. It was listed on the Main Board of the Hong Kong Stock Exchange in 1996 and operates over 1,300 buses and 400 limousines. Its subsidiary, KC Bus, holds a strong market position in areas such as school bus services and tourist bus services. Additionally, Kwoon Chung Bus Holdings owns subsidiary companies including New Lantao Bus Company (1973) Limited, Lantau Tours Limited and Intercontinental Limousine Company Limited, providing services such as Lantau Island franchised buses, cross boundary non-franchised buses, and luxury car services.

The group is committed to delivering high-quality, safe, and convenient transportation options, including cross boundary bus routes between Hong Kong and Shenzhen. It also offers limousine rental services for occasions such as weddings, business purposes, and tourism, as well as airport transfers and professional chauffeur services.

With its long-standing involvement and development in the transportation industry in Hong Kong, Kwoon Chung Bus Holdings has become an important player in the city. The company continues to expand its business scope to meet market demands and provide reliable transportation choices for passengers.

About the Automotive Platforms and Application Systems (APAS) R&D Centre

The Automotive Platforms and Application Systems R&D Centre (APAS) is set up under the R&D Centre Programme of the Innovation and Technology Commission and was hosted by the Hong Kong Productivity Council (HKPC). The Centre continues to undertake market-led R&D programmes as well as commercialises R&D results in collaboration with industry, universities and technology institutes in the area of automotive parts and accessory systems. The aim is to enhance the capabilities and competitiveness of Hong Kong’s automotive parts and accessory systems industry, which is made up of different industry sectors including the foundation industries.

About Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a market-driven applied research and development organisation, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international I&T centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplaces. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.

For more information, please visit HKPC’s website:

Lao Government Launches Detailed Plan to Tackle Inflation, Stabilize Currency by Year-End

Lao Government Launches Detailed Plan to Tackle Inflation, Stabilize Currency by Year-End
A pile of Lao kip bank notes (photo credit: Lao Government Launches Detailed Plan to Tackle Inflation, Stabilize Currency by Year-End)

In a bid to curb inflation and stabilize the Lao economy, Prime Minister Sonexay Siphandone unveiled a strategic plan on 14 August. This new initiative, targeting the last five months of 2024, aims to bring inflation under control, manage the currency exchange rate, and ensure economic stability.

Australia’s Indo-Pacific Endeavour Returns to Laos: Strengthening Regional Ties

Australia’s Indo-Pacific Endeavour Returns to Laos: Strengthening Regional Ties
Commander of Australian Amphibious Task Group, Captain Christopher Doherty, RAN welcomes personnel from the Indonesian National Armed Forces and the Australian Defence Force who are taking part in the Exercise Keris Woomera 2024 planning conference at Garden Island, Sydney. (photo supplied by: Australian Embassy in Laos)

Australia’s flagship regional initiative, Indo-Pacific Endeavour (IPE), has returned to Laos this week in an ongoing mission to enhance bilateral relations and regional stability. This year’s focus includes key areas such as women, peace and security, and international humanitarian law.

Singapore Sun by Dale Chihuly Shines at One Holland Village

Illuminating a collection of seven artworks by renowned artists and eight public art benches by designers – offering shoppers and art enthusiasts a unique community-inspired artistic experience


SINGAPORE – Media OutReach Newswire – 22 August 2024 – One Holland Village mall has unveiled its latest artwork, Singapore Sun by Dale Chihuly. Situated at the mall’s Village Green, the stunning artwork rounds up the carefully curated medley of seven art creations by notable local and international artists, and eight public art benches. Forming part of an Art Trail unique to One Holland Village, the artworks have transformed the mall into a must-visit destination for art enthusiasts and the local community.

Dale Chihuly's Singapore Sun has brought a vibrant burst of colour to One Holland Village. © 2020 Chihuly Studio
Dale Chihuly’s Singapore Sun has brought a vibrant burst of colour to One Holland Village. © 2020 Chihuly Studio

Chihuly’s Singapore Sun

“It was an honour to present an exhibition at Gardens by the Bay in 2021 and I’m thrilled that the Singapore Sun now has a permanent home at Holland Village.” – Chihuly

Chihuly’s Singapore Sun is composed of over 1,500 hand-blown glass elements that together, make up an elaborate, intricate composition that demonstrates how the artist masses colour on a grand scale—a key characteristic of his installation works.

Shown in museums and gardens around the world, Chihuly conceived the first Sun sculpture in 1998. The Singapore Sun, inspired by the dramatic sunsets that grace our horizon, was created for Chihuly’s 2021 exhibition at Gardens by the Bay.

Discover One Holland Village’s Art Trail

In addition to the Singapore Sun, the One Holland Village Art Trail showcases a diverse collection of six other art installations and digital print art by celebrated local and international artists, three commissioned benches by home-grown award-winning designers, as well as five winning benches from the OHV Mill public bench design competition held in 2022.

Said Deborah Tan, Far East Organization’s Director for the Retail Business Group, “We envision One Holland Village as a melting pot for art from all over the world. International art pieces housed together with local creations demonstrate our dedication in supporting the art scene, cultivating budding talents, as well as making art accessible to all.”

With an eclectic mix of art forms in the mall, each of these seven artworks brings a distinctive style and perspective, creating a dynamic and immersive environment that invites exploration.

The creator of Dream Love Joy, interactive lighting display at One Holland Village’s pedestrian bridge, is local artist Lee Wei Lieh from Very Small Exhibition. Known for his lighting and “Very Momentary” art concepts, his work is recognised locally and internationally. He shared, “Dream Love Joy is inspired by the surprise and happiness of spotting a rainbow in the sky. I hope that when visitors are on the bridge, they feel welcomed and delighted as they engage with it, whether they are entering or leaving the mall.”

Expressed Ripple Root’s Estella Ng and Liquan Liew, whose Holland Village Dreaming digital print art encapsulated their memories of Holland Village, “The artwork serves as a time capsule, a window into the past that tells a story and evokes feelings of nostalgia, fondness and joy. The artwork aims to take the viewer on a journey, allowing them to discover something new each time they look at it.”

German artist Tomislav Topic, known for his abstract and colourful geometric art forms, created his first permanent outdoor installation, Interlude at One Holland Village. Adorning a large expanse of the roof, the artwork comprises 410 lacquered steel panels featuring a wide range of 41 distinct colour tones.

“Producing a permanent installation of this scale for Singapore’s weather conditions was challenging, but I wanted to bring a sea of colours to the Singapore sky, enticing everyone to look up and admire it,” revealed Tomislav. “It is my greatest desire to create works of art for public spaces that everyone can enjoy and experience, and One Holland Village made it possible for Interlude to do so.”

[please refer to the annex for the list of seven artworks and eight public art benches]

Enhancing the Community Experience

Deborah added, “Public art has the power to transform environments and inspire people. The diverse collection of artworks located around One Holland Village mall showcases our commitment to enriching the cultural landscape of our community, bringing a sense of wonder to those who encounter it. At the same time, it highlights the global and multicultural spirit that defines Holland Village.”

By integrating world-class installations and artworks into One Holland Village mall, it has added vibrancy to the space, and provided a platform for artistic expression and cultural dialogue. These artworks are complemented by public art benches around the mall, which offer spaces for rest and reflection while celebrating the creativity and innovation of our community.

One Holland Village mall opened in December 2023 to a diverse mix of 90 tenants. Highlights include the first Singapore retail store of the popular international pet services and accessories brand Fur by Vetreska, Baker’s Brew’s first pet café Plain Meredith, highly sought-after Japanese dessert store Warabimochi Kamakura’s debut outlet in Singapore, and the flagship pet-friendly café by well-known Australian concept Surrey Hills.

Nestled in the heart of the well-loved Holland Village enclave, One Holland Village is thoughtfully conceptualised to complement and enhance the local nuances of this beloved neighbourhood, capturing the vibrancy and eclectic charm of the broader Holland Village precinct. Blending in with the quaint shophouses and streetscapes of its neighbourhood, the mall features a centrally situated community space, Village Square, and open-air dining and play areas. A well-shaded and naturally ventilated outdoor pet-friendly mall, the three-storey One Holland Village mall provides good pet walkability in the common areas with a mix of pet amenities.

Developed jointly by Sekisui House Limited (积水住宅株式会社), Sino Group (信和集团) and Far East Organization (远东机构), One Holland Village is a mixed-use development comprising a mall, offices, serviced apartments and residences.

One Holland Village Mall
Address: 7 Holland Village Way, Singapore 275748

Annex 1: List of Artists

  • Local Artists
Local Artist Artwork
Florence Ng Nostalgia

A unique glass-brick installation, it pays homage to the icons of Singapore’s old playgrounds such as the dragon, pelican and elephant. These colourful glass bricks form a lively mosaic that serves as a touching reminder of the simple joys that filled a child’s life before the digital age, inspiring viewers to pause and reflect on the timeless magic of play and human connection.

Jahan Loh Reconstituted Philosophies

Using popular ready-to-eat canned food as a medium to convey shifting cultural paradigms of Asian culture, the artist explores consumer culture while delving into his childhood memories. Made up of nine stainless steel installations, the pieces take on animalistic forms such as chicken feet beneath the chicken curry can.

Ripple Root Holland Village Dreaming

This artwork captures the essence of Holland Village, a place cherished by many. From the shophouse enclave to the iconic windmill, the artwork evokes a sense of nostalgia for this beautiful neighbourhood. It serves as a reminder to appreciate the past while embracing a future full of vibrant possibilities.

Very Small Exhibition Dream Love Joy

A light art installation situated on the ceiling of the One Holland Village bridge. Igniting into a mesmerising passage lit up by a dynamic rainbow, the experience is like an enchanting voyage brimming with dreams, love and joy.

  • International Artists
International Artist Artwork
Arik Levy FacetFormation 180 Corten

Made of corten steel, this artwork is inspired by recomposition, exemplifying the idea of looking through time while anticipating the future. This mirrors the sentiment of constant reinvention of Holland Village, from a plantation and former home of European settlers to a favoured place in the community.

Dale Chihuly Singapore Sun

Comprising over 1,500 hand-blown glass elements, this elaborate and intricate composition demonstrates the artist’s ability to use colour on a grand scale—a key characteristic of his installation works.

Tomislav Topić Interlude

Composed of 410 steel panels arranged in a precise manner and divided into 10 interconnected modules, the distinct colour tones on the panels blend and transition into each other. They create a sensory experience that complements and contrasts with the space at One Holland Village.

Annex 2: List of Public Art Bench Designers

Note: All Public Art Benches are made of Tembusu Wood

  • Commissioned Designers
Commissioned Designers Name of Art Bench
Hans Tan Studio Picnic

The Picnic bench blends the openness of sitting directly on the ground with the functionality of a bench as an intermediary. It plays on these typologies to highlight the social aspirations of people in public spaces. The postures it allows evoke “Western” idyllic summer scenes of lounging on the lawn and “Eastern” traditions of sitting on the floor. This blend of expatriate influence and local character captures the distinctive social fabric of Holland Village.

MKPL Tembusu Bench

The Tembusu Bench is designed to evoke the charm of handcrafted wood. The edge of the Tembusu plank highlights the tree’s textures and patterns, inviting touch and encouraging fingers to trace its curves until they find a resting place. The interlocking wood joinery, with its seamless mystery, forms a delightful puzzle for the curious to explore and admire.

Studio Juju A Wonderful Bench

A Wonderful Bench is envisioned as a place for creating beautiful memories. It is imagined to be big and long, inviting children to walk on it, couples to chat on it, and families to rest on it.

How wonderful this shared experience will be.

  • MILL Public Art Bench Design Competition Winners

The MILL Public Art Bench Design Competition ran from December 2021 to April 2022. Organised in collaboration with award-winning homegrown cross-disciplinary design practice FARM, the MILL Public Art Bench Competition taps into the community’s love for Holland Village to bring unique design inspiration to life, delivering evocative public artworks that offer utility while paying homage to the precinct.

MILL Design Competition Winners Name of Art Bench
Christophe Gaubert, Cynthia Chan, Poh Yun Ru, Tan Weijing

Designers from NUS Design Incubation Centre (DIC)

Sampan

The Sampan benches are a tribute to the spirit of welcome and the emulation felt by all travellers discovering a culture that they will end up making their own. Like boats approaching a new land, the Sampan participate in the dynamics of the place and the flow of passers-by. They are an invitation to rest, enjoy the urban landscape and discuss and exchange different perspectives.

Their varied sizes and coloured lacquered sides express the diversity of origins that make up local culture.

Hai-png (Heffrence) Teow More Than A Bench

Inspired by the vibrant surroundings, this design features multiple benches arranged organically to create a natural, rhythmic quality. It represents an informal social space where human interaction is driven by spontaneity. More than just a bench, it celebrates diversity and facilitates community.

Hector Arturo Salazar ASPA

Inspired by the traditional windmill blades and the vibrant Holland Village neighbourhood, this practical bench design embodies the values of inclusivity and diversity. Accessibility is a key factor in fostering a sense of community. The bench must be usable by everyone, including being wheelchair and pram friendly.

Jan Abigail Ampo Juarez, Li Xing Tong, Low Yi Jun

Architecture Students of Singapore Polytechnic

Comfort

Inspired by the vibrant atmosphere of Chip Bee Gardens and Lorong Liput, Comfort features a unique anthropomorphic form. It adapts to the rhythms of day and night, offering an upright structure for daytime activities and a more reclined position for nighttime relaxation. By seamlessly blending functionality with the distinctive experiences of each time of day, the bench becomes a versatile space that accommodates diverse activities and fosters a sense of connection to the environment and its evolving atmospheres.

Muhammad ‘Ammar Bin Mohamad Malek The Boing Boing Bench

Inspired by the quaint and vibrant quality of Holland Village, the Boing Boing Bench seeks to bring out our playful side, reminiscent of the springy playground rides. Anchored by steel springs, the bench sways gently, inviting curious passers-by to take a seat. The bench comes to life with movements from people, creating a picture of liveliness and spirited energy. This is a beautiful reminder that as we embrace the volatile nature of life, we should not forget to have fun along the way.

Hashtag: #OHVSingaporeSun #OneHollandV #FarEastMalls #ArtatFarEast



The issuer is solely responsible for the content of this announcement.

About Sekisui House Limited (Sekisuihouse.co.jp)

Sekisui House Limited is the largest leading housing company in Japan with involvement in a variety of real estate developments, from residential homes to the development of mixed-use properties and master-planned communities. Founded in 1960, the company has built a cumulative 2.4 million houses. Sekisui House, headquartered in Osaka, also has offices in Australia, China, Singapore and the USA.

About Sino Group (Sino.com)

Sino Group is one of the leading property developers in Hong Kong with core business in developing residential, office, industrial and retail properties for sale and investment. The Group is also a major player in hotel investment and management, club management, property management, car park operations as well as environmental and security services. With a team of over 10,000 dedicated professionals, Sino Group strives to consistently deliver quality properties and services that surpass the expectations of customers.

About Far East Organization (www.fareast.com.sg)

Far East Organization is a Christian Enterprise, which develops real estate and operates businesses by serving with grace, love, integrity and honesty. Together with its Hong Kong-based sister company Sino Group, they are one of Asia’s largest real estate groups, with operations in Singapore, Malaysia, Australia, Japan, Hong Kong and China. Far East Organization is the largest private property developer in Singapore, having developed over 780 developments across all segments of real estate including 55,000 private homes in Singapore since its establishment in 1960. Far East Organization includes three listed entities: Far East Orchard Limited, Far East Hospitality Trust and Yeo Hiap Seng Limited. Far East Organization is the winner of 14 FIABCI World Prix d’Excellence awards, the highest honour in international real estate.