DUBAI, UNITED ARAB EMIRATES – Media OutReach – 6 November 2023 – Bybit, the world’s third most visited crypto exchange, is excited to announce the launch of a prestigious trading competition exclusively for our VIP members. The competition will establish a benchmark in the industry for the best individual traders in the market.
Mirroring the Grand Prix structure the competition will run from Nov. 2023 through Oct. 2024 and consist of a series of six qualifying rounds. The exact schedule for each round will be provided in announcements, but as a routine, they are expected to occur every two months.
As the competition nears its finale, there will be a huge final where the winners of each qualifying round will battle it out to see who will be crowned champion. The final results will be revealed on the competition landing page and winners will also receive tickets to Bybit’s glitzy year-end gala.
Participants can register for the first qualifying round via the Bybit website now and the competition period will run from Nov. 9 to Nov. 28, 2023. To be eligible, users must have a balance of at least 5,000 USDT worth of assets in their Bybit Account. Market Makers, Institutional users, and Pro users are not eligible for registration. The top 500 traders will then have the opportunity to win a share of the 1,000,000 USDT prize pool and go through to the final.
“We are delighted to present this exclusive opportunity to our VIP members, affirming our commitment to providing unparalleled experiences and value to our most esteemed traders,” said Ben Zhou, CEO of Bybit. “This competition is not just about rewards; it’s about establishing a new standard in the crypto trading space.”
Hashtag: #Bybit #TheCryptoArk
The issuer is solely responsible for the content of this announcement.
About Bybit
Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
Houay Thahao Bridge collapsed under a crane truck in Xayaboury District. (Photo/Media Laos)
Local authorities in Xayaboury District, Savannakhet Province, have promptly responded to the collapse of the Houay Thahao Bridge after the crossing of a 42-ton crane truck caused the 82-meter-long structure to crumble.
The bridge, between Sivilay Village and Thako Village along National Highway 11, was designed to withstand only 8 tons, one fifth of the crane truck’s weight.
As the truck was operated by Sanxay Bridge Construction and Repair Company Limited, responsibility for the repairs falls on Sanxay Company, according to the Public Works and Transport Office of Xayboury District, which inspected the site shortly after the incident.
The authorities and the village committee anticipated a three-month repair period, during which the company and police would have to not only address structural concerns but also run a thorough investigation of the circumstances surrounding the incident.
Alternative routes
Travelers intending to use National Highway 11 to reach Paksebanfai Village are advised to take a detour that includes Route 13 South, turning next to the PTT gas station in Gaenghat Village in Xayaboury District, and continuing towards Nasang Village through an 18-kilometer unpaved road.
Acclaimed for Innovations in Integrated Warehousing Solution
HONG KONG SAR – Media OutReach – 6 November 2023 – Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK) is honoured to be named the Asian 3PL of the Year by the Supply Chain Asia Awards (the ‘Awards’) 2023 for the eighth time, and to receive the title of Supply Chain Innovator of the Year (Integrated Warehouse Solutions) at the awards ceremony held in Singapore.
KLN’s eighth win of the Asian 3PL of the Year title cements its reputation as the leading logistics service provider in Asia. The Supply Chain Innovator of the Year accolade is a commendation of KLN’s innovative integrated warehousing solution, namely, the sorting robots “KOOLBee” in its warehouses to enhance sorting productivity and delivery efficiency to meet the booming demand in e-commerce fulfilment. KLN’s innovations have previously earned it the title of Supply Chain Innovation of the Year (Smart Logistics) at the Awards in 2019.
Vic Cheung, Group Managing Director of Kerry Logistics Network, said, “We are delighted to win the Asian 3PL of the Year title again and grateful to Supply Chain Asia for recognising the advances in our warehouse operations. The recognitions highlight KLN’s unique position and comprehensive capabilities in Asia, as well as our unwavering commitment to providing the finest service to our customers. As the global supply chain evolves, we will continue to drive innovative solutions and maintain service excellence.”
The Awards are organised annually by Supply Chain Asia to honour excellence in the supply chain and logistics industry. The Supply Chain Innovator of the Year awards are conferred to companies which have created or adopted innovation in their operations with proven success and benefits in terms of productivity, operating efficiency and savings.Hashtag: #KerryLogisticsNetwork
The issuer is solely responsible for the content of this announcement.
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), e-commerce and express to industrial project logistics and infrastructure investment.
With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.
Kerry Logistics Network generated a revenue of over HK$86.6 billion in 2022. It is listed on the Hong Kong Stock Exchange as well as a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
About Supply Chain Asia Awards
Held annually since the founding of Supply Chain Asia, a not-for-profit professional body that aims to bring professionals from within the logistics and supply chain industry together, the Supply Chain AsiaAwards ceremony has been one of the most enduring platforms that continues to bring recognition and profile to the supply chain and logistics industry. Over the years, the event has evolved into a celebration of industry successes as well as an annual affair that brings together leading senior executives, veterans and industry professionals.
The season of savings continues with eight days of deals starting November 20 through November 27. This holiday season, Amazon Singapore is committed to supporting children in need through local non-profit organisations in the Amazon x Shop for Good wishlist initiative, continuing its tradition of spreading joy and warmth.
SINGAPORE – Media OutReach – 6 November 2023 – (NASDAQ: AMZN) – Amazon Singapore announced today that shoppers can get a head-start on their holiday shopping with an eight-day Black Friday bonanza. Starting from November 20 till November 27, shoppers can anticipate deep discounts and enjoy some of the lowest prices this year on top products from local and international brands like Barbie, Acer, Hot Wheels and Sukin. This first of its kind extended sale on Amazon.sg provides customers with an additional window to secure amazing deals ahead of the festive shopping season and take advantage of the incredible deals from a wide selection of authentic brands and products, while enjoying convenient and free delivery options on eligible selections. Shoppers can also enjoy thousands of deals across various categories including toys, books, electronics, home, and more at amazon.sg/blackfriday.
Amazon is also committed to the spirit of generosity and community impact, maintaining its tradition of bringing joy and warmth to those in need by supporting underprivileged children through local non-profit organizations (NPOs) as part of the Amazon x Shop for Good wishlist initiative. While shopping on Amazon.sg for holiday gifts for family and friends, or everyday essentials, customers can directly champion causes they care about by browsing wishlists curated with essential needs from 16 NPOs in Singapore.
Black Friday Top Deals Preview Here’s a sneak peek into the great deals from trusted brands sitewide, across key categories including toys, books, electronics, and more. Top deals and discounts spanning from November 20 to November 27 include:
Save up to 70% off selected items from books category
Save up to 70% off international toy brands, such as Pokémon and Melissa & Doug
Save up to 50% on selected items from Transformers, PlayDoh, Barbie and Hot Wheels
Save up to 50% off selected items from Sukin
Save up to 50% off on selected items from Bose
Save up to 49% off on selected items from PRISM+
Save up to 40% off on selected items from Logitech
Amazon Fresh
Save up to 40% off, buy 4 get additional 20% off on Baglietti, Sessantacampi, Cadao, and other wines
Save up to 40% off Tide, Oral-B, Pampers, Gillette and more
Save up to 35% off, buy 4 get additional 20% off on Ruffino prosseco, Taittinger champagne, Robert Mondavi, Louis Jadot, Bolla wines, and more
Save up to 30% off, buy 4 get additional 20% off on San Pellegrino and Acqua Panna water, The Gourmet’s Pack meat, Frenz eggs, and more
Save up to 20% off, buy 4 get additional 20% off on kombucha, gluten-free snacks, organic pasta, and more
Buy 4 get 20% off Groceries, Beer Wine Spirits and more
International Store
Save up to 40% on selected items from Magic: The Gathering and Dungeons & Dragons from Amazon US
Save up to 30% on selected beauty items from Aveeno, Lubriderm and Neutrogena from Amazon US
Save up to 30% on selected apparel from Calvin Klein from Amazon US
More Ways to Shop and Save this Holiday Season
Amazon Vouchers: Discover more ways to save with Amazon Vouchers. Find discounts on everyday essentials, as well as gifts, electronics, beauty, toys, and more. Simply click the voucher and the discount will be applied at checkout. Visit Amazon.sg/vouchers for information.
Amazon.sg Gift Cards: Get $10 promo credit when you buy $120 worth of Amazon.sg eGiftCards. Amazon.sg Gift Cards offer an easy, simple, and convenient gifting experience, providing access to an extensive selection of products on Amazon.sg. Visit Amazon.sg/giftcardfor more information.
Promotions: Enjoy greater savings on Amazon.sg with payment promotions when shopping. Visit amazon.sg/bankpromotions for more information. From November 20 till November 27, promotions include:
Bank Promotions
Spend on Amazon.sg with your DBS or Citi Mastercard card to get S$15 off with minimum spend S$150 from November 20 till November 27.
Spend on Amazon.sg with your OCBC and UOB card to get S$12 off with minimum spend S$120 from November 20 till November 27.
Spend on Amazon Fresh with your Citi Mastercard card to get S$12 off with minimum spend S$120 from November 20 till November 27.
Looking for more payment promotions? Get 2% off your purchase when you use PayNow, with no minimum spend from 20 November.
Want more? Shop now on Amazon.sg or Amazon Fresh with your Mastercard World, World Rewards and World Elite (Credit and Debit) card to get S$5 off minimum spend S$100 with code “MCAMZ5” or use the above bank promotions with your Mastercard World, World Rewards and World Elite (Credit and Debit) card from November 20 to November 27 to receive a S$5 Amazon Gift Card.
Fast, Free & Convenient Delivery Options
Unlimited Free Local and International Delivery: This holiday season, non-Prime customers can enjoy free local delivery and international delivery with S$40 minimum spend on eligible orders shipped by Amazon SG. Prime members can enjoy unlimited free local and international delivery on eligible orders with no minimum spend. Terms and conditions apply.
Fast & Convenient Grocery Delivery: Non- Prime customers can now enjoy fast and convenient delivery on groceries and household essentials on Amazon Fresh & Fast. Prime members can also enjoy free delivery on selected delivery windows for orders of S$150 and above on Amazon Fresh, free 2-hour scheduled delivery for orders of S$60 and above on Watsons and Little Farms on Amazon.sg.
Get Ready for the Holiday Learn how to best prepare for Black Friday to maximise your savings.
Join Prime: New customers can enjoy a 30-day free trial when they register for Prime membership. For S$2.99 a month, Prime membership includes free one-day delivery on domestic Prime eligible items fulfilled by Amazon SG on Amazon.sg and access to millions of products on Amazon International Store on Amazon.sg with free international delivery with no minimum spending. Prime members can also enjoy unlimited access to award-winning movies and TV episodes with Prime Video, unlimited access to video game benefits with Prime Gaming, access to epic deals on Prime Day, free delivery on selected delivery windows for orders of S$150 and above on Amazon Fresh, free 2-hour scheduled delivery for orders of S$60 and above on Watsons and Little Farms on Amazon.sg, and more.
Set up personalised deal alerts: Prime members can subscribe to receive deal alert notifications related to their recent Amazon searches and recently viewed items. All they have to do is visit the Black Friday event page on the Amazon app between now and Black Friday to create deal alerts. Once Black Friday arrives, members will receive push notifications on any available deals.
*Terms and conditions apply to all promotions listed above Hashtag: #Amazonsg
The issuer is solely responsible for the content of this announcement.
Amazon Singapore
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, personalized recommendations, Prime, Fulfillment by Amazon, AWS, and Kindle are some of the products and services pioneered by Amazon. For more information, visit Amazon.sg.
HONG KONG SAR – Media OutReach – 6 November 2023 – Hong Kong Design Centre (HKDC) proudly presents the outstanding laureates of the DFA Awards 2023, an illustrious celebration of design excellence that recognises its enduring impact in Asia. Established by Hong Kong Design Centre in 2003, with Create Hong Kong of the Government of the Hong Kong Special Administrative Region (HKSAR) as the Lead Sponsor, DFA Awards honours the excellent design projects with impact in Asia, and emphasises the indispensable role of designers and leaders who have made significant contributions to the design profession, education, and society, particularly in Asia. These awards honour luminaries around the world who have significantly shaped the design landscape, as well as emerging talent in Hong Kong. The winners of the three key awards for DFA Awards 2023 are – Kenya HARA, DFA Lifetime Achievement Award (DFA LAA); Victor LO Chung-wing, DFA Design Leadership Award (DFA DLA) and JIANG Qiong Er, DFA World’s Outstanding Chinese Designer (DFA WOCD).
Prof. Eric YIM, Chairman of HKDC said, “Design has the power to change people’s perceptions and, as a result, the world we live in. As the influence of design grows, considering the meaning of design may become a crucial ability for modern people. I’d like to congratulate the winners, they gave us new inspiration and encouragement. I believe that design thinking that is connected to people’s hearts and sustainability is not simply the trend of the last few years, but also the way forward for all sectors in the next few decades.”
DFA Lifetime Achievement Award 2023 (DFA LAA)
Kenya HARA Designer
Kenya HARA, a distinguished Japanese graphic designer, renowned as the founder and director of Hara Design Institute, has undoubtedly made an indelible impact on the realm of communication design.
After graduating from Musashino Art University in 1983, Kenya HARA embarked on a path that would redefine the role of design in our everyday lives. Mr. HARA’s influential contribution to MUJI, as a member of its Advisory Board since 2002, has been of paramount importance. His focus on the concept of ‘Emptiness,’ a cornerstone of MUJI’s minimalist design philosophy rooted in Zen principles, has significantly influenced the brand’s aesthetic.
Throughout his illustrious career, Kenya HARA has embraced a wide spectrum of design projects, showcasing his versatility and creativity. Notable among them are his remarkable works on the Opening and Closing Ceremonies of the Nagano Winter Olympic Games and Expo 2005.
Besides, Kenya HARA has also made significant literary contributions to the field. His books, including ‘Designing Design’ and ‘White’ have been translated into numerous languages and achieved widespread global recognition, further solidifying HARA’s influence and impact.
The DFA Lifetime Achievement Award 2023 celebrates Kenya HARA’s enduring impact on design philosophy, his talent for making the ordinary extraordinary, inspiring individuals to find wisdom in simplicity, fostering shared human experience, promoting understanding and sensory peace.
DFA Design Leadership Award 2023 (DFA DLA)
Victor LO Chung-wing Chairman and Chief Executive Gold Peak Technology Group
Victor Lo has played a pivotal role in shaping the landscape of design and business in Hong Kong and beyond. As the leader of Gold Peak Technology Group, his vision and commitment have made Gold Peak a leader in batteries and electronics industries worldwide. Lo’s commitment to advancing innovation and technology, arts and culture is equally commendable. He has played a pivotal role in establishing and shaping the transformation of Hong Kong Science and Technology Parks and several iconic cultural and creative institutions in Hong Kong, including Hong Kong Design Centre, Hotel Icon, School of Design of Poly U, Hong Kong Design Institute, PMQ and M+. His influence has not only enriched Hong Kong’s cultural and creative realm but has also elevated understanding of the strategic power of design for value creation and opened doors for designers to gain global recognition.
The DFA Design Leadership Award 2023 acknowledges the remarkable journey of Victor LO Chung-wing and celebrates his profound impact on design, culture, and commerce, reaffirming his status as a visionary design-minded leader, a champion of innovation and a captain of the industry.
DFA World’s Outstanding Chinese Designer 2023 (DFA WOCD)
Qiong Er JIANG Designer, Co-founder SHANG XIA
JIANG Qiong Er, a native of Shanghai, has exemplified the fusion of Eastern and Western cultures in her work. She began her design journey at Tongji University and furthered her expertise in furniture and interior design at the École nationale supérieure des Arts Décoratifs in Paris. In 2009, she established SHANG XIA in partnership with Hermès Group upon her return to China. JIANG’s design philosophy centres on emotion, harmonizing tradition with modernity, craft with technology, and functionality with emotion. Her creations beautifully merge Eastern and Western elements. JIANG’s dedication to cultural exchange and innovation has garnered prestigious accolades, including being named a “Chevalier des Arts et des Lettres” by the French Republic, recognition as one of the “World’s Top 100 most valuable luxury brands” by the World Luxury Association.
The DFA World’s Outstanding Chinese Designer 2023 honours JIANG Qiong Er as a visionary leader, adapt at bridging tradition and innovation, and a substantial contributor to the global design landscape.
DFA Design for Asia Awards 2023 (DFA DFAA) DFA Design for Asia Awards 2023, which celebrates and honours the outstanding achievements in the realm of design with impact in Asia, covers a comprehensive spectrum of design excellence through six diverse categories. These categories encompassing the full spectrum of the global design landscape, reflecting the rich tapestry of design with Asian perspectives. The design categories include Communication Design, Digital & Motion Design, Fashion & Accessory Design, Product & Industrial Design, Service & Experience Design, and Spatial Design.
In the 2023 edition, a total of 216 awards are granted to acknowledge the design excellence. Among these awards, there are 10 Grand Awards, 19 Gold Awards, 40 Silver Awards, 55 Bronze Awards and 92 Merit Awards presented. Design projects from Hong Kong tops the leaderboard with 58 winning projects, followed by the Mainland and Japan claiming 52 and 47 winning projects respectively. All the awards symbolise the range of achievements encompass a holistic celebration of design excellence and innovation. The Awards featured a panel of 40+ international judges, consisting of experts from various design disciplines and regions, provided insightful comments on the winning entries, reflecting the diversity and comprehensiveness of the Awards’ judging process.
Mr. Steve Leung, BBS, Vice Chairman of HKDC and Chairman of the DFA Awards Steering Committee said, “It’s an absolute pleasure to see that the DFA DFAA received numerous outstanding projects in this year, including various solutions from different sectors dedicated to bringing positive impacts to Asia and the world. We are glad to learn that designers are increasingly focusing on inheriting cultural traditions, considering societal implications, and emphasizing sustainability. Looking ahead, we hope to witness more thought-provoking and human-centered design solutions promoting Asian social values and fostering sustainable communities.”
DFA Hong Kong Young Design Talent Award (DFA HKYDTA) In addition to the awards mentioned above, the DFA Hong Kong Young Design Talent Award, which stands as a beacon of hope and recognition for the up-and-coming designers in Hong Kong, will announce the result soon, and please remain tuned to HKDC’s latest news and upcoming events.
Please download the DFA Awards 2023 Press Release, with Grand Award project introductions and high resolutions images at: DFA 2023 Result Announcement – Press Kit
Hashtag: #HongKongDesignCentre
The issuer is solely responsible for the content of this announcement.
About DFA Awards (www.dfaawards.com)
Since 2003, the Hong Kong Design Centre launched the DFA Awards to underpin the role of designers in society, to celebrate design leadership and exemplary designs and projects with impact in Asia, as well as to recognise the rising force of emerging Hong Kong designers. The DFA Awards, through its five major award programmes, has grown in its international influence in Asia. The five award programmes include DFA Lifetime Achievement Award, DFA Design Leadership Award, DFA World’s Outstanding Chinese Designer, DFA Design for Asia Awards and DFA Hong Kong Young Design Talent Award.
About Hong Kong Design Centre (www.hkdesigncentre.org)
A non-governmental organisation registered in 2001 and established in 2002, Hong Kong Design Centre is a strategic partner of the Government of the Hong Kong Special Administrative Region Government in advancing Hong Kong as an international centre of design excellence in Asia. Our public mission is to promote wider and strategic use of design and design thinking to create business value and improve societal well-being.
About Create Hong Kong (www.createhk.gov.hk)
Create Hong Kong (CreateHK) is a dedicated office set up by the Government of the Hong Kong Special Administrative Region in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community. CreateHK sponsors HKDC to organise ‘Business of Design Week’ (BODW), ‘BODW City Programme’, ‘DFA Awards’, ‘Knowledge of Design Week’, ‘Fashion Asia Hong Kong’, ‘Design Incubation Programme’ and ‘Fashion Incubation Programme’, among other projects, to promote Hong Kong design.
Disclaimer: Create Hong Kong of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.
Singapore Prime Minister Lee Hsien Loong speaking at an ASEAN meeting in Phnom Penh, Cambodia (2022). (AP/Anupam Nath)
SINGAPORE (AP) — Singapore Prime Minister Lee Hsien Loong said Sunday he planned to bow out and hand over power to his deputy, Lawrence Wong, late next year, before the 2025 general election.
Lee, 71, initially intended to retire before turning 70, but it was shelved because of the COVID-19 pandemic. He has served as head of the long-ruling People’s Action Party, or PAP, and as prime minister since 2004. Last year, he named Wong, who is also finance minister, as his designated successor.
“I have full confidence in Lawrence and his team and there’s no reason to delay their political transition. Therefore, I intend to hand over to DPM (Deputy Prime Minister) Lawrence before the next general election,” Lee said at a party conference.
He said passing the baton to Wong before the national polls will allow the 50-year-old politician to win his own mandate and take the country forward.
“If all goes well, I will hand over (to Wong) by PAP’s 70th birthday next year” in November 2024, Lee said without giving an exact date.
Pausing to hold back his tears, an emotional Lee said he was thankful for the time he had served, and that he would do his utmost to support Wong and his new team.
“After (handing over), I will be at the new PM’s disposal. I will do wherever he thinks I can be useful. I will do my best to help him fight and win the next GE (general election),” Lee added.
Wong, who came to prominence in helping to coordinate Singapore’s fight against COVID-19, will be the city-state’s fourth leader since independence in 1965.
He was picked by PAP as the likely successor to Lee after then Finance Minister Heng Swee Keat, who was earlier tipped to succeed Lee, withdrew his nomination. Heng bowed out after the PAP, one of the world’s longest-serving parties, suffered its worst election performance in 2020. Although the PAP retained its super majority, it lost some seats and support slipped.
Lee is the eldest son of Lee Kuan Yew, who became Singapore’s first prime minister and built the resource-poor city-state into one of the world’s richest nations during 31 years in office. But it has also been criticized for tight government control, media censorship and use of oppressive laws and civil lawsuits against dissidents.
SINGAPORE & NEW YORK, USA – Media OutReach – 6 November 2023 – AGP Sustainable Real Assets (“AGP”), a Singapore-based global infrastructure and real assets developer and operator, today announced a strategic, preferred investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.
As a strategic capital partner, Stonepeak will bring valuable expertise to the AGP management team, and help to accelerate the growth of AGP’s portfolio across business verticals including energy transition and sustainable community infrastructure across housing, logistics, and data. The partnership also gives Stonepeak the opportunity to invest across new markets and sectors with a trusted local partner. Together, Stonepeak and AGP will work to further AGP’s mission to build real assets that enable a sustainable and net zero emissions future.
Ben Salmon, AGP Partner, commented: “This strategic investment represents a pivotal milestone in AGP’s journey. We are thrilled to be working with such a high caliber partner in Stonepeak and foresee this investment as a powerful catalyst for our forward trajectory. AGP is committed to reshaping the landscape of infrastructure development. Our aim is to seamlessly integrate energy and community infrastructure, developing innovative sustainable solutions that meet society’s evolving needs.”
Hajir Naghdy, Senior Managing Director at Stonepeak added: “We look forward to partnering closely with AGP’s management team, who has over 20 years of experience, on the development, construction, and operation of sustainable infrastructure. AGP’s global energy transition portfolio, logistics and community housing platform in India, and data center joint venture with Stonepeak’s existing portfolio company, Digital Edge, are directly aligned with Stonepeak’s key verticals. The opportunity to invest in sustainable asset creation and the exposure across multiple geographies make this partnership a strong fit for Stonepeak’s Asia infrastructure strategy.”
Elmahdi Tahri, AGP Partner and CIO of AMPYR Energy Global, AGP’s global renewable energy platform, added: “In Stonepeak we have found a unique like-minded partner able to support our energy transition mission across our entire footprint. We are excited to take AMPYR’s decarbonisation contribution to new heights alongside Stonepeak.”
The investment is expected to close in Q4 2023 subject to satisfaction of customary closing conditions.
Sidley Austin LLP is serving as legal counsel to Stonepeak, and Clifford Chance LLP is serving as legal counsel to AGP.
Hashtag: #AGP
The issuer is solely responsible for the content of this announcement.
About AGP Sustainable Real Assets
Headquartered in Singapore, AGP invests in, develops and operates sustainable real assets across three key investment themes: renewable energy, infrastructure and communities, and natural capital. AGP’s mandate is to promote real assets that generate positive impact for people and the environment, by focusing on ‘Sustainable Real Assets’: transformative infrastructure assets that make positive contributions to satisfying the UN SDGs. AGP is presently developing, constructing, delivered and/or operating globally an aggregate portfolio of over 12GW of renewable energy assets, 5msqft of modern logistics warehousing, 310MW of datacenter capacity, and 20msqft of community housing. For more information, please visit www.agpgroup.com and www.ampyrenergy.com.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.
SYDNEY, AUSTRALIA – Media OutReach – 6 November 2023 – AGP Sustainable Real Assets (“AGP”), a Singapore-based global infrastructure and real assets developer and operator, today announced a strategic, preferred investment from Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets.
As a strategic capital partner, Stonepeak will bring valuable expertise to the AGP management team, and help to accelerate the growth of AGP’s portfolio across business verticals including energy transition and sustainable community infrastructure across housing, logistics, and data. The partnership also gives Stonepeak the opportunity to invest across new markets and sectors with a trusted local partner. Together, Stonepeak and AGP will work to further AGP’s mission to build real assets that enable a sustainable and net zero emissions future.
Ben Salmon, AGP Partner, commented: “This strategic investment represents a pivotal milestone in AGP’s journey. We are thrilled to be working with such a high-calibre partner in Stonepeak and foresee this investment as a powerful catalyst for our forward trajectory. AGP is committed to reshaping the landscape of infrastructure development. Our aim is to seamlessly integrate energy and community infrastructure, developing innovative sustainable solutions that meet society’s evolving needs.”
Hajir Naghdy, Senior Managing Director at Stonepeak added: “We look forward to partnering closely with AGP’s management team, who has over 20 years of experience, on the development, construction, and operation of sustainable infrastructure. AGP’s global energy transition portfolio, logistics and community housing platform in India, and data centre joint venture with Stonepeak’s existing portfolio company, Digital Edge, are directly aligned with Stonepeak’s key verticals. The opportunity to invest in sustainable asset creation and the exposure across multiple geographies make this partnership a strong fit for Stonepeak’s Asia infrastructure strategy.”
Elmahdi Tahri, AGP Partner and CIO of AMPYR Energy Global, AGP’s global renewable energy platform, added: “In Stonepeak we have found a unique like-minded partner able to support our energy transition mission across our entire footprint. We are excited to take AMPYR’s decarbonisation contribution to new heights alongside Stonepeak.”
The investment is expected to close in Q4 2023 subject to satisfaction of customary closing conditions.
Sidley Austin LLP is serving as legal counsel to Stonepeak, and Clifford Chance LLP is serving as legal counsel to AGP.
Hashtag: #AGP
The issuer is solely responsible for the content of this announcement.
About AGP Sustainable Real Assets
Headquartered in Singapore, AGP invests in, develops and operates sustainable real assets across three key investment themes: renewable energy, infrastructure and communities, and natural capital. AGP’s mandate is to promote real assets that generate positive impact for people and the environment, by focusing on ‘Sustainable Real Assets’: transformative infrastructure assets that make positive contributions to satisfying the UN SDGs. AGP is presently developing, constructing, delivered and/or operating globally an aggregate portfolio of over 12GW of renewable energy assets, 5msqft of modern logistics warehousing, 310MW of data centre capacity, and 20msqft of community housing.
Stonepeak is a leading alternative investment firm specialising in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney.