29.4 C
Vientiane
Monday, May 19, 2025
spot_img
Home Blog Page 1133

Captiva Announces Share Repurchase Agreement

Vancouver, British Columbia – Newsfile Corp. – August 30, 2024 – Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) (“Captiva Verde”) a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed on the US OTC Market under the symbol CPIVF announces that the Company has entered into a share repurchase agreement (the “Repurchase Agreement“) with its wholly-owned subsidiary, 1435300 B.C. Ltd. (“Sonny Sports Holdco“), Ronnie Strasser (“Strasser“) and certain shareholders of the Company listed in Schedule “A” thereto (the “Purchasing Shareholders“), pursuant to which the Company expects to, subject to receipt of all required regulatory approvals, transfer its interest in Sonny Sports Holdco to Strasser and the other Purchasing Shareholders in exchange for the Purchasing Shareholders arranging for the return of an aggregate of 89,000,000 common shares in the capital of the Company (each common share, a “Common Share“) to the treasury of the Company for cancellation at a deemed price of $0.02 per Common Share and an aggregate of 55,000,000 Common Share purchase warrants (each, a “Warrant“) for cancellation at a deemed price of $0.00001 per Warrant.

Jeff Ciachurski, CEO of Captiva, commented: “This proposed transaction unwinds the acquisition of 1435300 B.C. Ltd. in August 2023, enabling the Company to re-focus on its original business previously described in its prospectus of September 20, 2018, and related Canadian Securities Exchange filings.

In connection with the Repurchase Agreement, the Company will enter into an option agreement (the “Option Agreement“) with Strasser and certain shareholders of the Company (collectively, the “Strasser Group“), pursuant to which the Strasser Group will grant to the Company the option to identify purchasers of up to 37,000,000 Common Shares beneficially owned or controlled, directly or indirectly, by any member of the Strasser Group at a price of C$0.02 per Common Share.

Additionally, pursuant to the terms and conditions of the Repurchase Agreement, the Company will enter into a debt assumption and settlement agreement (the “Consulting Debt Assumption and Settlement Agreement“) with Strasser and Sonny Sports Holdco, pursuant to which the Company will assume C$858,249.09 of liabilities owed to Strasser and his affiliates by Sonny Sports Holdco under a consulting agreement dated August 31, 2023, between Sonny Sports Holdco and Strasser (the “Consulting Assumed Indebtedness“), and settle the Consulting Assumed Indebtedness in exchange for 1,500,000 common shares in the capital of Greenbriar Sustainable Living Inc. (each, a “Greenbriar Share“) expected to be issued to the Company in satisfaction of a portion of the debt owed by Greenbriar Capital (U.S.) LLC (“Greenbriar USA“) to the Company under the joint venture settlement agreement between the Company and Greenbriar USA dated June 22, 2023, as amended August 21, 2023. The Company will also enter into a mutual release (the “Mutual Release” and, collectively with the Option Agreement and the Consulting Debt Assumption and Settlement Agreement, the “Ancillary Agreements“) with Sonny Sports Holdco, Jeffrey J. Ciachurski, and Strasser, pursuant to which, among other things and subject to certain limitations, the Company will release Sonny Sports Holdco and Strasser from all claims and Sonny Sports Holdco and Strasser will release the Company and Jeffrey J. Ciachurski from all claims.

The completion of the transactions contemplated by, or in connection with, the Repurchase Agreement and the Ancillary Agreements is subject to the receipt of all required regulatory approvals. The transactions described herein may not close on the terms described above or at all.

On Behalf of the Board of Directors
Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: westernwind@shaw.ca

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws and United States securities laws (together, “forward-looking statements”). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expansion of Captiva’s health and wellness platform.

Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget”, “propose” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A (a copy of which is available under the Company’s SEDAR profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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

Flash Coffee’s Indonesia-focused strategy pays off as sales jump by more than 50% in H1 2024


JAKARTA, INDONESIA – Media OutReach Newswire – 31 August 2024 – Flash Coffee, the tech-enabled coffee chain, is excited to announce significant growth in Indonesia, the geographic focus for the company over the last half year, a new food and drink menu featuring exciting new products, and multiple new store openings planned across Jakarta and Bandung.

The expansion of its menu and physical locations highlights Flash Coffee’s commitment to delivering exceptional coffee experiences in Indonesia, one of Southeast Asia’s most promising economies with a growing appetite for quality coffee.

Flash Coffee now operates 67 stores in Indonesia and is progressing with further expansion across the market. Flash Coffee has increased its revenue per store by over 50% since early 2024 and reached operational profitability thanks to its new menu.

This impressive growth has been driven by the group’s vision and decision to focus on the Indonesian market, following the closure of Flash Coffee in other Asian markets and the successful sale and transformation into a franchise of Flash Coffee in Thailand.

“We have been excited about Indonesia and its potential since we opened our very first Flash Coffee store in Jakarta in January 2020”, said David Brunier, Founder and CEO of Flash Coffee. “Thanks to the support of our loyal customer base and our strategic refocus on Indonesia as the group’s most mature market, we are now expanding our footprint in the country, with plans to add many new stores to our portfolio within the next 12 months. We’re just getting started.”

Each new store is designed to offer a unique coffee experience, featuring Flash Coffee’s signature drinks like Seasalt Palm Sugar Latte or Whipped Strawberry Matcha, user-friendly digital ordering on its proprietary app, and its new larger store concept with welcoming sit-and-stay design encouraging customers to stay and socialise.

In addition to the continued commitment of Flash Coffee’s founders Sebastian Hannecker and David Brunier, White Star Capital has appointed Jakob Angele, Venture Partner at White Star Capital and former CEO foodpanda, who was instrumental in growing foodpanda to USD5.5 billion transaction volume, to operationally support the growth of Flash Coffee leveraging his extensive expertise in F&B and the online food delivery industry.

“We’re extremely pleased to see the recent changes and our hyper-focus on Indonesia to translate into tangible business success. I am very excited about what the future will hold for Flash Coffee,” said Jakob Angele, Executive Chairman of Flash Coffee and Venture Partner at White Star Capital. “Indonesia is one of the most exciting and vibrant coffee markets worldwide. Flash Coffee is uniquely positioned to serve its growing demand for high-quality coffee.”

For images of Flash Coffee’s Indonesia stores, menu, and exceptional barista team please click here.
Hashtag: #FlashCoffee

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

About Flash Coffee

is a tech-enabled coffee chain that serves a menu of high-quality drinks curated by award-winning World Barista Champions across Asia. Customers can use the Flash Coffee app to order and pay online, choose to pick up orders from one of the brand’s iconic yellow storefronts, or order for delivery through the app or major delivery platforms.

After the company’s restructuring in 2023, Flash Coffee’s main focus is on Indonesia and franchising the brand in additional markets, following a successful franchise in Thailand. Flash Coffee is backed by White Star Capital as its largest shareholder.

Viomi Issued 2024H1 Unaudited Financial Results: Focus on AI Water, Return to Profit


GUANGDONG, CHINA – Media OutReach Newswire – 31 August 2024 – On August 26, 2024, Viomi Technology Co., Ltd (NASDAQ: VIOT) issued its first half of 2024 unaudited financial results. Based on the financial report, the net revenues were US$143.1 million, net income attributable to ordinary shareholders of the Company was US$0.8 million. According to the management’s preliminary estimates, excluding the divested businesses, the estimated revenues from the remained businesses, mainly home water solution businesses and others, were more than US$110 million, with an estimated income from operations of more than US$7 million for the first half of 2024. In the meantime, the Company issued the full year guidance with the estimated revenues from the core home water businesses and others to be between US$240 million to US$260 million, and the income from operations between US$15 million to US$18 million.

Viomi

Focus on AI Water, Returns to Profit

On July 19, 2024, the Company announced a major business reorganization, and will mainly focus on its core strengths in the home water solutions to elevate the Company’s overall operational trajectory. The reorganization is expected to drive healthy and sustainable long-term growth for the Company.

According to Mr. Xiaoping Chen, Founder and CEO of Viomi, the Company implemented rigorous ‘Focus’ strategy, prioritizing high-quality development and consistently enhancing the operating performance. “Specifically, we concentrated on our advantageous categories, boosting our core home water solution products’ revenue while further optimizing our product structure. As a result, our overall gross margin continued to improve to 24.8% for the first half of 2024 from 22.0% for the same period in 2023. Rigorous cost control measures led to a year-over-year decline in operating expenses by 19.2%, contributing to a turnaround in net profit with a net income of RMB5.6 million and a non-GAAP net income of RMB16.1 million. Additionally, we maintained a strong cash position, with free cash assets totaling RMB914.3 million.” commented by Mr. Chen.

AI Technology and Product Innovation,Growth Engine

Following the major business reorganization, Viomi will embrace a new mission: ‘AI for Better Water.’ dedicated to utilizing AI technology to provide better home water solutions for households worldwide. Leveraging their extensive expertise in AI technology application, intelligent hardware and software development, Viomi has strived to redefine home water solutions and developed a unique ‘Equipment + Consumables’ business model. Viomi use AI technology to holistically enhance the user experience, providing remote, real-time monitoring of water quality and usage as well as timely filter replacement reminders, one-click reordering, and DIY replacement options, leading to a higher filter replacement rate. The intelligent waterway self-cleaning technology significantly extends filter lifespan and reduces the cost of water purification, making smart water purification products a reliable, hassle-free and affordable essential for a healthy lifestyle.

Regarding product innovation, as an industry-leading technology company, Viomi has consistently driven technological breakthroughs over the past decade. The Company developed tankless large-flux water purifiers that provide fresh drinking water 24/7. By upgrading the water flux up to 2000G, expanded purified water usage scenarios from drinking to cooking, washing vegetables, and more. At its Spring Water Purifier New Product Launch in March 2024, Viomi unveiled the Viomi Kunlun Mineral AI Water Purifier. Its innovative mineralizing filter technology enables the sustained release of beneficial minerals, making the composition of these minerals in the water almost identical to that of natural mineral water, allowing users to enjoy fresh mineral water at home. Viomi offers a wide range of products covering various home scenarios, from single-function filtration to integrated functions featuring instant heating, cooling, and ice-making capabilities. Spanning kitchen, living room and whole-house applications, Viomi’s products comprehensively address the increasing global demand for cleaner, fresher and healthier drinking water.

Global water, Global Leader

In terms of product manufacturing and technology development, Viomi operates a world-leading “Water Purifier Gigafactory,” boasting an annual production capacity of 5 million water purifiers and 30 million filters. Its highly integrated industrial chain, highly automated production lines, high-standard clean production workshops, and fully traceable quality control system facilitate continuous breakthroughs in water purification, achieving optimal scale efficiency and meeting diverse global market demands. Viomi has established one of the industry’s most comprehensive R&D systems, mastering advanced filtration technology and the materials manufacturing process, and layout omni-channel marketing. As a result, the Company have amassed over 1,600 water purification patents and attracted numerous global talents in management, marketing, product development and quality control.

Looking forward, “Global Water” will become the Company’s vision. As a specialized professional water purification technology company, Viomi aims to deliver fresh and healthy water worldwide. By fully leverage the Water Purifier Gigafactory’s competitive advantages, actively expand in key overseas markets to promote Viomi’s global strategy, enabling families abroad to enjoy fresh and healthy water through Viomi home water solution products.

Hashtag: #Viomi

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

Ingdan, Inc. (400.HK) Announces 2024 Interim Results

Highlights of the Interim Results for the Six Months Ended June 30, 2024:
  • With the increasing demand for chips from AI technology-related industries, orders for AI chip orders from Comtech continued to rise, driving the Group’s revenue up by 11.9% year-on-year to RMB4,321.4 million.
  • The Group recorded a gross profit of approximately RMB457.6 million and a net profit of approximately RMB169.1 million. Profit attributable to equity shareholders of the Company was approximately RMB112.7 million, representing an increase of approximately 21.8% year-on-year.
  • Ingdan Academy continued to provide technical services and talent training for the industry and has successfully trained over 2,000 chip application engineers, further advancing the national chip industry.

HONG KONG SAR – Media OutReach Newswire – 30 August 2024 – Ingdan, Inc. (“Ingdan, Inc.” or the “Company”, stock code: 400.HK; with its subsidiaries (the ”Group”)) – an innovative technology services platform conglomerate, with its core businesses “Comtech” and “Ingdan” – announces its unaudited interim results for the six months ended June 30, 2024 (the “First Half of 2024” or the “Period”).

Financial Highlights for the First Half of 2024

During the Period, benefiting from the increased demand for AI computing power and the growing demand for chips from industries related to AI technology, the Group recorded revenue of approximately RMB4,321.4 million, representing an increase of approximately 11.9% as compared to approximately RMB3,863.5 million for the corresponding period in 2023. Gross profit was approximately RMB457.6 million, representing a decrease of approximately 5.1% year-on-year, primarily due to the impact of increased sales volume from larger customers on the overall gross margin. Profit from operations was approximately RMB228.2 million, representing a decrease of approximately 7.9% year-on-year. Despite the impact of higher interest costs of US dollars on the Company’s profit before tax, profit attributable to equity shareholders of the Company still increased to approximately RMB112.7 million, a year-on-year growth of 21.8%. As of June 30, 2024, the Company’s cash and bank balances (including pledged deposits) totalled approximately RMB821.4 million; bank loans were RMB1,725.4 million; the inventory value was RMB4,034.4 million; the number of basic ordinary shares issued by the Group was 1,394,262,732, and the weighted average number of ordinary shares of diluted earnings per share was 1,370,992,000.

Deepening AI Computing Power Supply Chain, Comtech Empowers Industry Innovation and Operations Efficiency

As a core supplier in the AI computing power supply chain, Comtech serves a broad spectrum of sectors, including computing centers, data centers, AI servers, AI switch networking products, optical modules and a wide range of AI applications field. Comtech works closely with global leading chip manufacturers and has been an agent for the products of over 80 core chip companies, including Nvidia, Xilinx, Intel, AMD, ST and other well-known international manufacturers, as well as numerous domestic chip makers.

With years of successful business operations, Comtech has accumulated extensive application technology experience and industrial resources, enabling it to provide chip application technology solutions and supply chain management services to tens of thousands of customers in downstream of the innovation industry. At the same time, with the help of proprietary AI technology, LLMs and professional knowledge bases, Comtech can provide intelligent and automated solutions in the areas of chip selection, hardware design, software development, and system integration. By utilizing AI technology and big data analysis, Comtech has achieved intelligent management of the supply chain, significantly enhancing operational efficiency while reducing costs. Additionally, Comtech holds a number of proprietary intellectual properties, giving it a competitive advantage in the fields of AI chip application and intelligent supply chain. By combining advanced AI technologies and deep industry expertise, Comtech continues to improve its service quality, create greater value for its customers, and lead the industry in technological innovation to maintain its market competitiveness.

Ingdan Expands into the New Energy Industry, Ingdan Academy Facilitates Digital Transformation of the Chip Industry

Ingdan focuses on the new energy industry, dedicating efforts to developing the industry for two-wheeler battery replacement and re-utilization. By building a reliable asset management platform for traceable lithium battery life-cycle data, it provides customized solutions for two-wheeler battery replacement, power re-utilization and energy storage. Ingdan has strategically focused on the two-wheeler battery cloud services, aiming to capture the market trend of new energy smart battery clouds, in order to seize the RMB100 billion “blue ocean” market opportunity. The project would enable the Group to sustain profitability while contributing to the advocacy of the product standardization of China’s two-wheeler battery replacement industry, supporting the realization of the national “double carbon” goal of carbon peaking and carbon neutrality.

Based on the Group’s resources and technological strengths in the chip industry, Ingdan Academy provides technical services and talent training for the industry. Through technical training, Ingdan Academy assisted upstream AI chip manufacturers in promoting their products and technologies in the market, while growing AI technical talents to help downstream AI application companies to swiftly adopt the latest AI technologies and products, and enhance enterprises’ AI capabilities. Furthermore, Ingdan Academy provides enterprises with locally deployed AI LLM application solutions and helps enterprises achieve multidisciplinary AI digital transformations. To date, Ingdan Academy has successfully trained over 2,000 chip application engineers. Through talent training and technical support, Ingdan Academy will support Shenzhen in becoming a leading chip application industry hub in China and globally, making a greater contribution to the development of the national chip industry.

Outlook

Mr. Jeffrey Kang, CEO of Ingdan, Inc., said, “With the development of the market, AI technologies continue to be implemented commercially. AI has become a crucial foundation for enterprises’ digitalization and intelligentization. In this process, chip applications, intelligent hardware, and big data play key roles for various industries to accelerate their pace in digital transformations. Capitalizing on its industrial strengths, we will accelerate its presence in the AI industry chain by actively capturing development opportunities brought about by AI technology. Through Comtech, we will continue to research and develop, and enhance the design of chip application solutions in order to meet AI technologies’ demand for high-performance chips and computing power supply chain, aiming to become the core supplier of the AI computing power supply chain. Meanwhile, Ingdan has effectively integrated the complete intelligent hardware application solutions through “Ingdan Cloud” with products to speed up the successful application of AI products. We will continue to upgrade our service platform to provide complete service coverage for the entire AI industry chain, capitalize on business opportunities arising from the intelligent transformation in China, and lead the Company to become a pioneer in the AI ​​chip application industry.”

Caution Statement

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company’s current intent, beliefs, and expectations about the future as of the respective dates indicated herein. These forward-looking statements do not guarantee future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.

Hashtag: #Ingdan

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

FGA Trust Expands Its Reach with the Opening of North America Office


HONG KONG SAR – Media OutReach Newswire – 30 August 2024 – FGA Trust, a Hong Kong-licensed trust company and leader in innovative financial solutions, is excited to announce the opening of its North American office. This strategic expansion reflects the company’s commitment to enhancing its global presence and providing top-tier services to high-net-worth individuals across the continent.

To lead this initiative, FGA Trust has appointed Wincent Hung as the Chief Executive Officer of North America. Mr. Hung is a trailblazing entrepreneur with extensive experience in the fields of traditional finance and Web3. His career began as an auditor at Ernst & Young, where he spent over 15 years refining his expertise in entrepreneurship in Hong Kong.

Wincent Hung, FGA's CEO of North America
Wincent Hung, FGA’s CEO of North America

North America has a long-standing tradition of utilizing trusts for wealth management, providing a robust framework for preserving and growing assets. FGA Trust seeks to enhance this legacy by helping high-net-worth individuals capture emerging opportunities in the evolving financial landscape. With customized solutions designed to meet their unique needs, FGA Trust empowers affluent investors to navigate both traditional wealth management strategies and innovative avenues, ultimately driving growth and maximizing returns in an ever-changing market.

In recent years, Hong Kong has established itself as a key player in the wealth management industry, as government initiatives attract global attention from ultra-high-net-worth individuals and families seeking effective asset management and succession planning solutions. Riding this wave of opportunity, FGA’s expansion to North America enhances its services to meet the diverse needs of global wealth. By doing so, FGA aims to deliver tailored, innovative solutions that not only protect but also grow the wealth of families worldwide.

“Expanding into North America is a significant milestone for FGA Trust,” said Mr. Hung. “I am thrilled to take on this role and am committed to cultivating meaningful relationships and delivering exceptional value to our clients as we navigate the future of finance together.”

With the opening of the North American office, FGA Trust is poised to leverage its expertise to foster growth, enhance customer experiences, and drive the adoption of innovative financial solutions throughout the region.

Hashtag: #FGA #Trust #Wealth #Web3




Wechat: FGA Trust Limited

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

FGA Trust

FGA Trust is a Hong Kong-license trust company delivering bank-grade financial asset protection and highly customizable solutions, allowing our customers to live life to its fullest with confidence that all interactions and arrangements conducted with us are safe, discreet, professional and optimized for the customer’s benefits.

AIA Singapore and Singapore University of Social Sciences launch nation’s first insurance minor to strengthen talent pool and boost Singapore’s financial hub status

Through a holistic curriculum, AIA Singapore and Singapore University of Social Sciences seek to nurture next-generation talents and pave the way for sustainable, purposeful careers.


SINGAPORE – Media OutReach Newswire – 30 August 2024 AIA Singapore and Singapore University of Social Sciences (SUSS) today launched Singapore’s first Minor in Insurance Fundamentals as part of a newly signed Memorandum of Understanding (MoU) between both parties. This programme aims to cultivate and expand the pool of future-ready talent for the insurance industry. It represents the inaugural collaboration between a Singapore university and an insurer to develop a joint training programme.

Pictured from left to right: Wong Sze Keed, Chief Executive Officer of AIA Singapore, Mrs Mildred Tan, Chairman of SUSS Board of Trustees and Independent Non-Executive Director of the AIA Singapore Board, Professor Tan Tai Yong, President, SUSS
Pictured from left to right: Wong Sze Keed, Chief Executive Officer of AIA Singapore, Mrs Mildred Tan, Chairman of SUSS Board of Trustees and Independent Non-Executive Director of the AIA Singapore Board, Professor Tan Tai Yong, President, SUSS

The introduction of this programme seeks to address the growing demand for skilled professionals in Singapore’s financial services sector. Singapore’s life insurance market is poised for substantial growth, with the gross written premium projected to expand at a CAGR of 6.41% from 2024 to 2028, reaching a market volume of US$58.83 billion by 2028[1]. This growth, however, is tempered by persistent talent shortages[2]. The programme will bridge the talent gap by equipping training professionals with essential insurance principles, compliance knowledge, and financial acumen.

The programme will commence in January 2025, with registrations opening in September 2024. It will be available to:

  • SUSS full-time and part-time undergraduates.
  • Working adults, including Continuing Education and Training (CET) learners in the financial services industry and graduates from SUSS’ SkillsFuture Career Transition Programme Certificate in Personal Banking. They will receive a Certificate in Insurance Fundamentals upon completing the programme.

Enabling students to acquire theoretical knowledge and in-depth professional skills in insurance

The curriculum is designed to provide students with a robust understanding of core insurance concepts and equip them with the essential knowledge and skills for careers in insurance and related fields, including roles such as financial planners, brokers, and agency management officers. It comprises a set of courses that explore topics such as contract and agency law, customer relationship management, and financial markets.

Additionally, as part of the AIA-SUSS partnership, a six-week internship with AIA[3] will be open to all full-time SUSS undergraduates in the second year of studies. This exclusive internship programme with AIA Singapore offers students a comprehensive introduction to the insurance industry when they join either AIA’s agency or corporate arms.

During the internship, students will benefit from the guidance of seasoned mentors and dedicated professionals, gaining deeper insights into financial planning and building meaningful networks to fast-track their careers. Those seeking to obtain a deeper knowledge of the insurance field will also have the opportunity to pursue full-time employment with AIA Singapore upon graduation.

In their third year, full-time students pursuing the Minor in Insurance Fundamentals and meeting the prerequisites will have the chance to work at AIA Singapore while continuing their education, under the SkillsFuture Work-Study Degree (WSDeg). The WSDeg allows students to apply their academic knowledge in real-world industry settings, gaining valuable practical skills and professional exposure. The Work-Study and Industry Readiness component is thoughtfully integrated with their major and minor courses, ensuring a balanced and enriching educational journey.

Ms Aileen Tan, Chief Human Resources Officer of AIA Singapore, said: “Despite the rise in online platforms and digital touchpoints, we continue to see a growing demand among customers for personalised advice and guidance from financial consultants. This demand, coupled with Singapore’s shifting demographic, signals the need for a direct and formal pathway for professional development in insurance, which is currently lacking. Through this partnership with SUSS, we hope to inspire more students to explore rewarding careers in insurance and in turn, uplift the sector.”

Professor Tan Tai Yong, President of SUSS, said: “This initiative is not just about academic advancement; it’s about nurturing future leaders who will elevate the financial services sector and make a meaningful impact on society. The collaboration with AIA Singapore serves as a testament to SUSS’ continued commitment to providing students with a well-rounded education that blends theoretical knowledge with practical, real-world skills. By opening doors to rewarding careers in the insurance industry, we hope to inspire our students to pursue fulfilling careers and support their professional trajectory.”

Job redesign and reskilling for AIA employees

Another component of the MoU involves AIA Singapore and SUSS jointly developing reskilling training to enable AIA employees to take on growth job roles, in line with Workforce Singapore’s (WSG) Information and Communications Jobs Transformation Map. Through this initiative, AIA Singapore plans to reskill about 100 of its employees in artificial intelligence (AI) and adjacent technological skills over the next few years.

This effort also aligns with SUSS’ role as one of five Training Partners working with the Infocomm Media Development Authority (IMDA) to develop reskilling courses with training interventions for AI professionals, supporting the national reskilling and upskilling agenda.

Ms Tan added, “As a leading life insurer and employer of choice, we recognise the important role we play in shaping the future of insurance in Singapore. This is why nurturing talent and creating rewarding career opportunities for individuals here continue to be core to our business, and we look forward to empowering leaders of tomorrow.”

Hashtag: #AIASingapore

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

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[1], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[2], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$289 billion as of 30 June 2024.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 42 million individual policies and 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.


[1] Hong Kong SAR refers to the Hong Kong Special Administrative Region.
[2] Macau SAR refers to the Macau Special Administrative Region.

About Singapore University of Social Sciences (SUSS)

At SUSS, we have a singular vision to be a university that inspires learning for life and impacts lives, regardless of age, background or life path. Our university is a vibrant tapestry of ages and experiences. From recent JC and polytechnic graduates to seasoned professionals, parents seeking new horizons and individuals redefining their careers in their golden years—our diverse community comes together for one common goal: to empower themselves with an education that impacts lives and society.

We offer more than 100 undergraduate and graduate programmes, available in full- and part-time study modes which are flexible, modular and interdisciplinary, catering to both fresh school leavers and adult learners. SUSS also offers a broad range of continuing education and training modular courses for the professional skills upgrading of Singapore’s workforce.

To date, over 47,000 graduates have experienced our unique brand of education. More than 21,000 students are currently pursuing their full- and part-time studies with us.

The Institute for Adult Learning (IAL), as part of SUSS, leads in the field of research on adult and workplace learning and training of adult educators to build capabilities of the training and adult education sector in Singapore and beyond.

For more information about SUSS, please visit .

Vingroup’s Expanding Horizons: Beyond VinFast

As Vietnam becomes a magnet for foreign investment, Vingroup is at the forefront of the country’s global ascent. Beyond the electric vehicle company VinFast, the conglomerate is making waves in real estate, tourism, and technology, with initiatives like VinFuture underscoring the company’s commitment to a better world.


HANOI, VIETNAM – Media OutReach Newswire – 30 August 2024 – Vietnam’s economy is revving up, with foreign investment pouring into the Southeast Asian nation. In the first seven months of 2024, total registered foreign direct investment (FDI) surged 10.9 percent to $18 billion, while new investments soared by 35.6 percent to nearly $10.8 billion.

Vingroup is at the forefront of the country's global ascent

The World Bank has praised Vietnam’s economic resilience, noting its steady growth trajectory. The country’s per capita income has outpaced many regional rivals, a testament to its growing economic clout.

Vietnam’s economic ascent is also fueling the growth of domestic conglomerates. Vingroup, the nation’s largest private corporation, is expanding rapidly across sectors including industry, technology, real estate, services, healthcare, and education. These domestic giants, like Vingroup, the parent company of VinFast, are not only benefiting from Vietnam’s attractiveness to foreign investors but are also actively building global brands of their own.

A prime example of this transformation is the electric vehicle. VinFast’s sleek, high-tech cars are seen as symbols of Vietnam’s technological prowess and a bridge between its heroic past and its modern, ambitious future. They embody the nation’s shift from a resilient underdog to a globally integrated economic player.

VinFast’s Strategic Expansion Worldwide

The ringing of the Nasdaq golden bell in August 2023 marked a pivotal moment for VinFast and Vietnam’s business landscape. The successful listing on the U.S. stock exchange signaled the maturity of a homegrown company with global ambitions while inspiring a new generation of Vietnamese startups.

Since the Nasdaq debut, VinFast has rapidly expanded its global footprint. Beyond its presence in the U.S., Europe, Canada, and the Middle East, the automaker made strategic moves into emerging markets closer to home, including India, the Philippines, and Indonesia.

In Indonesia, VinFast has quickly gained traction. The company has launched the VF e34 and VF 5 models, opened dealerships, and broken ground on an assembly plant in Subang. These initiatives underscore VinFast’s commitment to the region and its strategy of offering high-quality, affordable electric vehicles backed by strong after-sales service.

This global push was underscored by the inclusion of VinFast’s founder and CEO, Pham Nhat Vuong, on the prestigious 2024 MotorTrend Power List. Notably, Vuong is the only honoree from Southeast Asia, highlighting his visionary leadership and the groundbreaking work underway at VinFast.

In another achievement for Vietnamese business, VinFast was named one of the world’s 100 most influential companies by TIME magazine in May 2024. The honor marked the first time a Vietnamese enterprise has been included in the prestigious list.

Beyond Borders: Vingroup’s Global Impact

VinFast has captured international headlines, but the broader Vingroup ecosystem is also gaining recognition. Subsidiaries such as VinFuture, VinAI, and Vinhomes are contributing to the group’s growing stature.

Vingroup demonstrated its commitment to society during the COVID-19 pandemic by donating billions of Vietnamese dong to pandemic relief efforts. The company also launched the VinFuture Foundation, a global science and technology award that has elevated Vietnam’s international profile. The award’s growing influence, with nearly eight times as many nominating partner scientists and 2.5 times as many nominations in its fourth year, affirms Vingroup’s role in addressing global challenges.

Vingroup’s technology division is making significant strides, offering a range of products and services in big data, artificial intelligence, healthcare AI, operational transformation, cybersecurity, data management, and more. These solutions are gaining traction in global markets.

The division is also a key contributor to VinFast’s success, developing cutting-edge technologies like Advanced Driver Assistance Systems (ADAS), smart services, and self-generating AI virtual assistants. These innovations provide VinFast with a substantial competitive edge in the electric vehicle market.

VinFast made history on January 8, 2024, when its MirrorSense technology was honored with the Innovation Award Honoree at CES 2024 in the Vehicle Tech and Advanced Mobility category. Developed jointly with VinAI, a Vingroup subsidiary specializing in AI research and development, MirrorSense is the world’s first AI-driven automatic mirror adjustment system.

This prestigious award recognizes the groundbreaking nature of MirrorSense and solidifies VinFast and VinAI’s position as leaders in automotive technology innovation. The system uses AI to accurately detect a driver’s head position and eye gaze, adjusting mirrors accordingly with a precision of 10 millimeters.

Vingroup’s influence extends far beyond its industrial and technological ventures. Its real estate arm, Vinhomes, has captured global attention. This year, the Ocean City complex garnered widespread acclaim from international media as one of the world’s most desirable places to live.

Since its inception in 2013, Vinhomes has redefined urban living in Vietnam. The developer has created a portfolio of world-class residential and commercial projects that have transformed the country’s skyline and set new standards for luxury living. Vinhomes’ growing collection of prestigious international awards solidifies its position as a global real estate leader.

Meanwhile, Vingroup’s foray into tourism began in 2002 with the opening of the five-star Vinpearl Resort Nha Trang, transforming the pristine Hon Tre Island into a luxurious destination and symbolizing the nascent Vietnamese tourism industry. Just four years later, the group unveiled Vinpearl Land, Southeast Asia’s largest and most unique resort and entertainment complex, complete with the world’s longest over-sea cable car at the time.

These iconic projects not only created world-class destinations but also elevated Vietnam’s global tourism profile through a series of high-profile events. Vinpearl and VinWonders have played a pivotal role in positioning Vietnam as a must-visit destination for international travelers, contributing seamlessly to Vingroup’s mission of positively impacting virtually every aspect of Vietnamese people’s lives and expanding its global reach.

Hashtag: #Vingroup #VinFast

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

2024 World Manufacturing Convention Promo: Smart Manufacturing, Creating a Better Future

HEFEI, CHINA – Media OutReach Newswire – 30 August 2024 – “Smart Manufacturing, Creating a Better Future” — the 2024 World Manufacturing Convention is scheduled to take place from September 20 to September 23 in Hefei, Anhui Province, China. This year’s convention will focus on the new stage of development, fully embracing new development strategies, and integrating into the global economic landscape. The convention aims to establish itself as a vital platform for promoting the growth of emerging industries, advancing future industries, and accelerating the development of innovative production capabilities. It will contribute significantly to building a stronger manufacturing sector and fostering international collaboration and success in the global manufacturing community.

Video link: https://youtu.be/0X3AvklmGFg
Video link: https://youtu.be/0X3AvklmGFg

This year, the World Manufacturing Convention will highlight the progress and achievements in manufacturing over the 75 years since the founding of the People’s Republic of China. The event will feature several key exhibition sections, including the Prelude Hall, “Made in China” showcase, International Exhibits, Guest of Honor Province (City) Exhibition, Anhui Province’s achievements in industrial modernization, exhibitions on high-quality manufacturing development in other regions, and displays of new energy intelligent vehicles and drone demonstrations.

The convention will bring together representatives from key national organizations, industry associations, research institutions, and leading manufacturing companies from around the world. Participants will present a series of authoritative reports, innovative developments, industry indices, white papers, case studies, and application scenarios, all focused on the future of manufacturing.

This year’s convention will also leverage digital technologies to create an interactive hybrid experience. By using virtual exhibitions and smart interactive tools, the convention will stream major events online, including the opening ceremony, exhibitions, releases, and networking sessions.

Approximately 1,000 distinguished guests are expected to attend this year’s World Manufacturing Convention, including around 500 international representatives. Attendees will include foreign dignitaries, ministers, representatives from guest countries and international provinces or cities, diplomats from embassies and consulates in China; officials from various Chinese government ministries and provinces; leaders from international organizations, CEOs, and senior executives of Fortune 500 companies and multinational corporations, top executives from leading manufacturing firms, representatives from business associations and investment institutions, as well as renowned scholars and experts.

For more information visit the video link: https://youtu.be/0X3AvklmGFg
Hashtag: #WorldManufacturingConvention

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