SINGAPORE – Media OutReach Newswire – 2 September 2024 – The motivation to grow our wealth to prepare for the future is deeply engrained in many Singaporeans, yet does this same tenacity extend to preserving our health for our golden years? Afterall, what is wealth without good health? This question was explored in a recent May 2024 poll1 commissioned by Prudential Singapore. One thousand Singapore residents, aged 20 to 65, were surveyed about how much they value financial success versus staying healthy.
Surprisingly, when asked to choose between the two, less than one in five Singaporeans said they prioritise wealth over good health. Among those who do, 64 per cent believe that money solves most problems, including health issues, and 58 per cent say it provides financial security for them and their loved ones.
On the flipside, the majority, or more than four in five respondents, see good health as more important than wealth (85 per cent). Among this group, 61 per cent view well-being as the foundation for pursuing other life goals. They also recognise that unlike wealth, health is tougher to improve once it worsens (61 per cent).
Good health considered more easily within reach than wealth Close to two-thirds of the Singaporeans surveyed also said that achieving good health is easier than wealth (63 per cent). They view health as more controllable through personal actions like diet and exercise, while wealth depends on external factors such as the economy and job market (76 per cent).
Meanwhile, those who think achieving wealth is easier are tempted by the promise of quick returns (53 per cent) and the belief that it takes less effort (51 per cent).
Mr Jeff Ang, CEO of Prudential Financial Advisers Singapore*, said: “We want to raise awareness that it is just as important to have a lifelong fitness plan as it is to have a long-term financial plan. Our ability to fund our retirement and future medical needs are very much tied to the actions we take today to achieve health and financial stability. It takes effort but it’s worth it in the long run. Start planning early, engage professional advice for your medical coverage and financial needs, and spend time on self-care. That way, you can enjoy a fulfilling life with good health and sufficient funds to smell the roses.”
Although it is good news that most respondents see good health as a more attainable goal than wealth, Professor Teo Yik Ying, Dean of Saw Swee Hock School of Public Health at the National University of Singapore, offers a different perspective.
“Singaporeans know that health matters, but the real test is whether this awareness leads to tangible changes in their attitudes and actions towards health. Some people, who think it is easy to stay healthy, might put off important steps for their well-being to focus on building wealth, which they find more challenging. But the truth is, staying healthy is a lifelong commitment that involves making consistent, healthy choices,” said Professor Teo.
Can we achieve the best of both worlds? Most Singaporeans can agree it is not a binary choice between health and wealth. Some 77 per cent of respondents believe they can achieve both if they have a structured plan in place (61 per cent), and that success in one area will lead to victory in the other (56 per cent).
Beyond their own personal efforts, the respondents recognised the importance of support from key stakeholders to help them achieve the best of both worlds.
Employers: 72 per cent seek flexible working hours and 60 per cent desire a flexible staff benefits package to better manage their wealth and health
Government: 60 per cent hope the government can implement policies to encourage a balance between work and health in the workplace
Insurance providers: 53 per cent appreciate financial incentives for achieving healthy habits, as well as flexible health coverage options
Commenting on how bosses and businesses can benefit from focusing on their employees’ well-being, Professor Teo said: “Employers play a big role in supporting employees’ holistic well-being, whether it is physical, mental or financial health. We’ve moved beyond the productivity conversation to creating workplaces where people feel empowered to take charge of their well-being. Having flexible working arrangements and benefit packages are essential to building a healthier and sustainable workforce.”
Prudential Singapore provides flexible working arrangements to enhance employee well-being. Its flexi-time approach recommends employees spend one day in the office collaborating with their team and another day in the office for meetings, while other days can be spent working from home. Additionally, the PRUAnywhere programme gives employees the option of access to alternative bookable workspaces across Singapore.
Added Mr Ang: “A collaborative approach between all stakeholders in society to help people achieve a more well-balanced life will pave the way for a wealthier, healthier and hopefully, happier, Singapore.”
Prudential Financial Advisers Singapore is the financial advisory arm of Prudential Singapore. It was set up in April 2023 to help address the health and wealth needs of clients at every stage of their life.
The issuer is solely responsible for the content of this announcement.
About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 93 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$53.3 billion funds under management as at 31 December 2023. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,200 financial representatives.
About Prudential Financial Advisers Singapore
Prudential Financial Advisers Singapore is the financial advisory arm of Prudential Singapore, one of Singapore’s leading life insurance companies. The company offers customers a range of insurance products and wealth advisory services. Prudential Financial Advisers Singapore is licensed and regulated by the Monetary Authority of Singapore (MAS).
Peter Bardens will oversee Asia Pacific’s air network and ground operations, effective September 1, 2024
Peter takes over from Sean Wall, who will manage global ground operations, effective January 1, 2025
SINGAPORE – Media OutReach Newswire – 2 September 2024 – DHL Express, the world’s leading international express service provider, is pleased to appoint Peter Bardens as the Senior Vice President for Asia Pacific Network Operations & Aviation, effective September 1, 2024. Peter will bring his extensive experience from managing ground operations in Europe to lead the Asia-Pacific region’s high-achieving aviation network and ground operations. He will also join the DHL Express Asia Pacific Management Board.
Peter Bardens is the Senior Vice President for Asia Pacific Network Operations & Aviation, DHL Express
Based in Singapore, Peter takes over the reins from Sean Wall, who will move on to a global role to oversee ground operations, effective January 1, 2025. Sean will continue to be based in Singapore. These appointments reflect DHL Express’s dedication to talent mobility by leveraging skillsets across different markets and ensuring the continuity of its global operations.
“We own a strong, well-oiled aviation and ground operations network that facilitates global trade flows and movement of crucial shipments round the clock. The efficiency and reliability of our network are vital to a growing customer base looking to buy and sell from anywhere in the world. Peter has a proven track record of delivering results and driving operational excellence in Europe. His competence in operations planning and people-first leadership approach will be instrumental to bolstering our Asia-Pacific network and meeting our customer demands,” said Ken Lee, CEO, Asia Pacific, DHL Express.
DHL Express is constantly investing in its Asia Pacific aviation network and facilities to optimize capacity and efficiency, such as introducing direct flights between Hong Kong and Sydney to cater to Oceania-North Asia demand. The largest infrastructural investment is the Central Asia Hub, which received a total of EUR562 million of investment and saw a further expansion in 2023. DHL Express also injected EUR131 million of investment to expand its Incheon Gateway in South Korea in 2023, and most recently, opened the new Adelaide Gateway in Australia with more than EUR20 million of investments. This coming October 2024, the company will unveil the new Kuala Lumpur Gateway in Malaysia.
In his new role, Peter heads the ground and aviation network in Asia Pacific, comprising more than 25 freighters, 7,200 pick-up and delivery vehicles, and 1,100 facilities. The facilities form a robust, connected system of 50 gateways and three main hubs in Bangkok, Hong Kong and Singapore, where approximately 710 flights pass through per day. The network is integral to transporting and delivering thousands of cross-border shipments daily between Asia Pacific and the rest of the world.
“Asia Pacific’s logistics is highly demanding. I am honored to lead and guide the passionate and adaptable team here that has constantly shown a positive attitude to operate and deliver with precision, and relentless efficiency. I am confident that my vast network and ground operations planning background will help guide the team to navigate this landscape’s ever-evolving market demands,” said Peter Bardens, Senior Vice President, Asia Pacific Network Operations & Aviation, DHL Express.
Prior to taking up the new appointment, Peter served as the Vice President of Ground Operations, Europe, where he oversaw the Cologne-Bonn and Paris-Charles de Gaulle hubs. Under his leadership, these facilities underwent significant improvements in safety, service quality, efficiency, and employee satisfaction. Peter was also instrumental in the investments and development infrastructure in Europe, while aligning operational requirements with legislative changes in the region. Hashtag: #DHL
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
Mr. Bounpheng Sisawath, Acting Director-General of the National Regulatory Authority (NRA) for the UXO/Mine Action Sector, and Mr. Eli Mechanic, MAG Country Director sign an MOU to implement Freeman Foundation and Restoration Laos funding for UXO operations in Khammouane Province, 30 August 2024.
The Mines Advisory Group (MAG) has secured over USD 800,000 from the Freeman Foundation and Restoration Laos to fund UXO clearance and explosive ordnance disposal (EOD) in Khammouane Province for 2024-2025.
The Ministry of Energy and Mines (MEM) is exploring changes to electricity prices for the 2024-2028 period to ensure the long-term sustainability of electricity generation and supply.
Committed to Excellence in Service and Strengthening Industry Leadership
TAIPEI, TAIWAN – Media OutReach Newswire – 2 September 2024– DYX TECHNOLOGY PTE. LTD., a Singapore company, announces the successful acquisition of the Taiwan branch of DYXnet, a leading carrier-neutral network service provider in the Greater China region. Effective on September 1, 2024, the branch will operate as DYX TECHNOLOGY PTE. LTD. TAIWAN BRANCH (hereafter referred to as “DYX Taiwan”). This merger is a strategic move to create synergies and provide customers with more professional and comprehensive services.
Strengthening Partner Ecosystem while Customer Rights and Services Remain Unaffected
This merger will not impact the rights of existing customers. The sales and technical teams at DYX Taiwan will be the original staff from DYXnet’s Taiwan branch, ensuring product and service standards remain unchanged. Additionally, DYX Taiwan has been authorized as the sole distributor for DYXnet in Taiwan, continuing to deliver outstanding services to enterprises in the region.
In the face of global competition, the collaboration not only offers customers a broader array of products and services but also strengthens the partner ecosystem for both companies, providing diverse support for future business development and further solidifying the leadership position in the industry. The DYX Taiwan team will continue to customize the best-fit solutions for clients across various sectors, utilizing exceptional technology and services to create high-quality, cost-effective solutions that help Taiwan’s businesses explore new opportunities.
Hashtag: #DYXTECHNOLOGY #DYXnet
The issuer is solely responsible for the content of this announcement.
About DYX TECHNOLOGY PTE. LTD. TAIWAN BRANCH
Established in 2024, DYX TECHNOLOGY PTE. LTD. TAIWAN BRANCH is the former Taiwan branch of DYXnet and serves as a carrier-neutral network service provider. Upholding the commitment to excellence to meet the growing market demands of customers, the company is dedicated to offering enterprise network services that connect clients globally, including Multi-Protocol Label Switching (MPLS), Software-Defined Wide Area Networks (SD-WAN), and data centers, cybersecurity, cloud, and AI solutions. For more information, please visit the official website at www.dyx-tech.com.
SINGAPORE – Media OutReach Newswire – 2 September 2024 – Ontech Group, a global leader in electromagnetic field sensor technology, today announced a significant breakthrough with the launch of a new family of 128-channel Application-Specific Integrated Circuits (ASICs), designed to significantly enhance the technical capabilities and commercial benefits of its revolutionary Controlled Electromagnetic Field (CEMF) sensor.
Designed to meet market demands in growth industries such as health technology, wearable devices, and personal computing, the new ASICs deliver unprecedented precision and flexibility. Featuring enhanced resolution, reliability, and accuracy, the new ASICs also provide a larger sensing area per chip and a smaller form to simplify integration.
These advancements enable CEMF sensors to offer up to double the resolution and accuracy in a wider range of devices and applications, when compared to the leading short-range sensor technologies in this segment.
“The requests for new ways to overcome existing sensor limitations was the key driver in developing this new family of ASICs,” said Dr. Juan Aponte, CTO and co-founder of Ontech. “Our customers need to meet surging demand for features like high-resolution and high precision 3D physicality sensing, low power consumption and easier integration. We have transformed our CEMF sensor technology to empower innovations that could redefine sectors such as health technology and personal electronics.”
Expanding Market Applications
Ontech’s new 128-channel ASIC builds on CEMF’s abilities to simultaneously detect, track, map, and measure both external and internal features. It significantly boosts the existing commercial benefits of CEMF in a wide array of industries, including health technology, consumer electronics, robotics, wearables, power tools and IoT/ IIoT.
Ontech has secured confidential collaborations with leading consumer, industrial, and technology companies to use the new ASICs. These partnerships pave the way for a leap forward in human-machine interaction.
“We are excited to see how our customers will leverage these chips to create innovative solutions that will shape the future of human-machine interaction.” said Martin Wikstroem, CEO and co-founder of Ontech. “One customer is creating a novel gesture-controlled personal device that demands spatial sensing in high-definition at very close range, works in any light, through obstructions, and complies with strict biometric privacy rules.”
Specifications
The new 128-channel ASIC family builds on the high standards set by Ontech’s previous 32 channel ASIC. Improved capabilities of the 128-channel family include a compact 1.5 mm2 form factor, HV-CMOS technology with 0.13μm, voltage up to 3.3V, flexible scan sequences of up to 32 steps, and an acquisition frequency of up to 2GHz. Additionally, peripheral blocks such as LDOs, clocks, and references have been integrated to minimise the PCB space required for customers to incorporate the CEMF sensor, while the new ASIC core itself is designed for a high degree of application-specific customisation.
The issuer is solely responsible for the content of this announcement.
About Ontech
Ontech Group is the pioneer of Controlled Electromagnetic Field (CEMF) sensing, a unique technology that revolutionises interactions between humans, machines, and technology. With offices and R&D centres worldwide, Ontech is a leader in electromagnetic field technology and a disruptor in near-field detection. Our mission is to empower the world’s most innovative leaders and engineers to create safer, more functional, and energy-efficient technologies. Protected by over 100 international patents, Ontech’s proprietary CEMF sensors drive change across multiple industries, including health tech, automotive, consumer devices, and more.
KUALA LUMPUR, MALAYSIA – Media Outreach Newswire – 2 September 2024 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga Group” or the “Group”) announced that it has partnered with leading Singaporean fintech firm Helicap Pte Ltd (“Helicap”) in a move to further advance its digitalisation initiatives.
The signing ceremony was witnessed by Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank (standing), along with other key representatives. From left: Cheong Boon Kak, Group Chief Financial & Operations Officer, Kenanga Investment Bank Berhad; Datuk Wira Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer, Kenanga Investors Berhad; David Z Wang, Co-Founder & Chief Executive Officer, Helicap Securities; Quentin Vanoekel, Co-Founder & Chief Investment Officer, Helicap Investments; and Jeremy Tan, Co-Founder & Group Chief Operating Officer.
As part of this partnership, Kenanga Group, through a fund managed by its asset and wealth management arm, Kenanga Investors Berhad (“Kenanga Investors”), has collectively taken a stake of 8% (“the Investment”) in Helicap. The Investment forms Helicap’s Series B funding round, which sees Kenanga Group as lead investor alongside Saison Capital Pte Ltd, the corporate venture capital arm of Credit Saison, one of Japan’s largest non-bank financial companies that is listed on the Tokyo Stock Exchange. Subsequently, Kenanga Group’s stake will be further increased in the near future to approximately 10%, making Kenanga Group the largest institutional investor in Helicap.
Helicap, one of the first fintech private investment platforms specialising in the alternative lending space in Southeast Asia (“SEA”), has built its success on a foundation of innovation and technology. Central to its competitive edge is its proprietary credit analytics engine, which stands as the company’s strongest asset.
According to Kenanga Group’s Managing Director, Datuk Chay Wai Leong, the Group distinguishes itself from its peers by leveraging digital technology to elevate its service and solution offerings. “By focusing on digital innovation, we have provided multiple touchpoints to enable our clients to engage with our services more efficiently and effectively. Therefore, our investment into Helicap is a natural progression in our digitalisation journey, as Helicap’s proprietary technology can potentially be embedded into Kenanga’s own lending and investment banking business seamlessly to provide greater loan book transparency and analysis, portfolio and credit risk monitoring and granular-level data to identify nascent opportunities and obtain microeconomic insights”, he explained.
This Investment builds upon Kenanga Group’s broader digitalisation initiatives, following its successful investments into Rakuten, CapBay, Tokenize Malaysia and Merchantrade. These partnerships reflect the Group’s commitment to collaborating with best-of-breed fintech companies that are pioneers in their fields. By deploying first-in-class digital technologies, it aims to continue to enhance its business activities, access new markets, and explore new segments.
The Investment follows the launch of Kenanga Investors’ latest product suite, the Kenanga Alternative Series, which was marked by the introduction of the Kenanga Alternative Series: Income Opportunities Fund in July 2024. It feeds into the Helicap Income Opportunities Fund, an open-ended Asian private credit fund.
Kenanga Investors’ Executive Director and Chief Executive Officer, Datuk Wira Ismitz Matthew De Alwis commented on the expanded relationship with Helicap, stating, “Our enhanced partnership with Helicap will enable us to tap into its global network as a source of offshore capital as well as to facilitate deal co-origination and syndication efforts in both Singapore and Malaysia. Ultimately, we believe this will provide a strategic base for Kenanga Group to build further cross-border collaborative partnerships and capitalise on the dynamic growth in the region, as well as the rising income and affluence among South-East Asian investors”.
From the fintech firm’s perspective, such a collaboration would seamlessly integrate Helicap’s strengths in private credit with Kenanga Group’s brand recognition and operational capabilities, creating a state-of-the-art private credit business. David Z Wang, Co-founder & CEO of Helicap Securities, stated, “We are thrilled to announce our partnership with Kenanga Group, a pivotal step in bringing Helicap’s investment opportunities to the Malaysian market. This collaboration represents a significant milestone as we unite Kenanga’s robust local market presence and billions in assets with an extensive client base with Helicap’s powerful, sector-agnostic, data-driven platform and proprietary analytics technology. As a leader in Asia’s private credit space, Helicap is poised to drive meaningful growth in Malaysia. Our commitment to financial inclusion and innovative investment solutions remains unwavering, as we continue to address the dynamic needs of investors and lenders alike.”
Since its establishment in 2018, Helicap, through its regulated subsidiaries, has deployed almost S$500 million, offering investment opportunities in Southeast Asia to accredited and institutional investors. As a leading platform operator in Southeast Asia, it has strategically focused its investments primarily on financial companies, leveraging its unique credit screening system and enhanced loan structure to deliver stable and consistent returns.
For more information about Kenanga Group, please visit www.kenanga.com.my.
Hashtag: #Kenanga
The issuer is solely responsible for the content of this announcement.
Kenanga Investment Bank Berhad 197301002193 (15678-H)
Established for over 50 years, Kenanga Investment Bank Berhad (“The Group”) is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. An innovative and established home-grown brand, the Group’s digital ambition includes building a robust digital ecosystem that meets the needs of its clients and businesses. Some of its game-changing products include Malaysia’s fully online digital stockbroking platform Rakuten Trade and a fully A.I. robo-advisor, Kenanga Digital Investing. The Group also launched Malaysia’s first securities broking e-wallet, Kenanga Money, paved the way in AI-led Quan and algorithmic trading, kick-started a revolutionary supply chain financing solution for SMEs and made inroads into the digital assets space through its investment in Tokenize Technology (M) Sdn.Bhd. The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded Highest Returns to Shareholder Over Three Years, Highest Growth in Profit After Tax Over Three Years and Highest Return on Equity Over Three Years by The Edge Malaysia Centurion Club in the Financial Services Category, Best Overall Equities Participating Organisation (Champion), Best Retail Equities Participating Organisation (Champion), and Best Online Retail Participating Organisation (Champion), as well as Best Institutional Derivatives Trading Participant (Champion) and Best Overall Derivatives Trading Participant (1st Runner Up) in the Bursa Excellence Awards 2022. The Group was also accorded the title of Best House, South and Southeast Asia Award in the SRP Asia Pacific Awards 2022.
The Group continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper, Fundsupermart and Morningstar awards. Rakuten Trade, Malaysia’s first fully digital securities broker in 2017 via a joint venture with Japanese fintech giant Rakuten Securities Inc was also named Malaysia’s Digital Experience of the Year – Brokerage at the Asian Experience Awards 2022. For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted Bank of the Year Award for Environmental, Social & Governance Excellence, as well as Long-Standing Excellence in Sustainability at Sustainability & CSR Malaysia Awards 2022. The Group is also a Participant of the United Nations Global Compact and adheres to its principle-based approach to responsible business. Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, digitalisation and sustainability in the marketplace.
This strategic acquisition will enhance geographic expansion and strengthen distribution capabilities and networks.
SINGAPORE – Media OutReach Newswire – 2 September 2024 – Diversified industrial conglomerate Jebsen & Jessen Group today announces the acquisition of MSM Group, a Mongolia-based company headquartered in Ulaanbaatar, thereby establishing a market leading position in the fast growing market of Mongolia.
Per Magnusson, CEO of Jebsen & Jessen Group and Mark Gabel, CEO of MSM Group.
As one of the leading conglomerates in Mongolia, MSM Group spans multiple sectors including industrial equipment, chemical, automotive, beverage and agricultural equipment distribution. Since 1998, MSM Group has been playing a pivotal role in introducing premium international brands to the Mongolian market, and remains the sole distributor and partner for more than 50 of these brands in the country today. With over 650 employees, MSM Group operates showrooms, workshops, warehousing facilities and sales outlets in the central area of the capital city Ulaanbaatar, as well as South Gobi and other areas of Mongolia.
This acquisition brings together the technological know-how and strength of two family businesses serving complementary markets. Jebsen & Jessen Group has had a long-standing relationship with MSM Group, with MSM Group serving as a distributor of Jebsen & Jessen Group’s industrial products in Mongolia for over a decade.
Expanded market reach and capabilities
MSM Group is Jebsen & Jessen Group’s third acquisition in six months following that of GMA Garnet and Safetech, and marks its further expansion into new markets beyond its stronghold in South East Asia this year. With the entry into Mongolia, Jebsen & Jessen Group is poised to extend its reach and capitalise on new opportunities in a rapidly growing market.
“We are delighted to be welcoming MSM Group as part of the Jebsen & Jessen family. The acquisition is a strategic move that aligns with the goal of expanding our global footprint, and enhancing our industrial and distribution capabilities,” said Jebsen & Jessen Group CEO Per Magnusson. “MSM Group’s leading market position in Mongolia, its strong management team and workforce, and its diverse businesses will be a valuable addition to our portfolio. We will benefit from the synergies that we can now leverage across these activities.”
Synergies for growth
For MSM Group, this acquisition facilitates access to the extensive resources and expertise of Jebsen & Jessen Group, offering new avenues for growth and development. Further, the history of the two family businesses with a shared commitment to long-term growth and community impact makes this an attractive union. The alignment of common values — rooted in trust, heritage and a deep understanding of the markets — creates a strong foundation for a successful, sustainable partnership.
MSM Group will become the seventh business unit within Jebsen & Jessen Group. The founders of MSM Group, Laurenz Melchers and David Reiner, will remain minority shareholders alongside CEO Mark Gabel. MSM Group will continue to operate under its current company name and leadership, and maintain its commercial presence with all operations and business proceeding as usual.
“Having known Heinrich Jessen, Chairman of Jebsen & Jessen Group for many years, both in a professional and personal capacity, both David and I are assured that this is the right step and Jebsen & Jessen Group is the perfect partner to entrust the future of MSM Group and its employees for the many years to come,” said Chairman of MSM Group Laurenz Melchers.
“MSM Group has enjoyed strong growth over several decades to become the market leading company it is today. Joining Jebsen & Jessen Group provides us with the potential to scale our operations to levels we have never achieved before. These are exciting times for our teams and the brands we represent,” said MSM Group CEO Mark Gabel. Hashtag: #Jebsen&JessenGroup
The issuer is solely responsible for the content of this announcement.
Jebsen & Jessen Group
Part of a global family enterprise that dates back to a trading partnership formed in Hong Kong in 1895, Jebsen & Jessen Group headquartered in Singapore is today an industrial conglomerate with a diverse network of businesses spanning manufacturing, engineering, mining and distribution activities. Core businesses include cable technology, garnet, ingredients, life sciences, packaging and other industrial technology, across more than 15 countries in five continents. Over 4,000 colleagues work as one to develop meaningful products and services for the myriad customers served.