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Sunlight Real Estate Investment Trust (“Sunlight REIT”) Second Interim Results for the 12 Months Ended 30 June 2024


HONG KONG SAR – Media OutReach Newswire – 13 August 2024 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the second interim results of Sunlight REIT for the 12 months ended 30 June 2024 (the “Reporting Period“).

Sunlight REIT’s revenue grew 6.0% year on year to HK$830.2 million, mainly attributable to the full-year contribution from West 9 Zone Kids. Property operating expenses increased 14.4% to HK$182.2 million, reflecting lower fiscal concessions as compared with the previous year. Net property income came in at HK$648.0 million, up 3.9%, with a cost-to-income ratio of 21.9%.

Distributable income was down 12.2% year on year to HK$333.9 million. Pursuant to the change of financial year end date of Sunlight REIT from 30 June to 31 December, the Board has resolved to declare a second interim distribution per unit (“DPU“) of HK 9.1 cents. Together with the first interim DPU of HK 9.0 cents, total DPU for the Reporting Period would amount to HK 18.1 cents, representing a payout ratio of 92.6%. The distribution yield was 10.6% based on the closing price of HK$1.71 on the last trading day of the Reporting Period.

The appraised value of Sunlight REIT’s portfolio was HK$18,418.6 million at 30 June 2024. Gross assets and net assets were HK$19,056.6 million and HK$13,495.6 million respectively. Net asset value was HK$7.87 per unit.

Operating Highlights

At 30 June 2024, the overall occupancy rate of Sunlight REIT’s portfolio was 91.6% (30 June 2023: 93.3%), while the corresponding figures of the office and retail portfolios were 91.3% and 92.2% respectively (30 June 2023: 93.1% and 93.5%). For the Reporting Period, the office portfolio recorded a negative rental reversion of 1.6%, while that of the retail portfolio was a positive 1.6%, giving rise to a positive rental reversion of 0.3% for the overall portfolio.

In respect of the operating performance of key office properties, the occupancy rate of Dah Sing Financial Centre at 30 June 2024 stayed largely unchanged at 90.2%, while passing rent was down 5.0% to HK$39.7 per sq. ft.. On the Kowloon side, Righteous Centre performed reasonably well during the Reporting Period with an occupancy rate of 96.7%, while The Harvest was affected by certain non-renewing tenancies in the first half of 2024, resulting in a lower occupancy rate of 87.8%.

Regarding the performance of the retail portfolio, Metro City Phase I Property recorded an occupancy rate of 93.9% at 30 June 2024, while passing rent was HK$ 54.2 per sq. ft.. The occupancy rate of Sheung Shui Centre Shopping Arcade was 90.5%, principally attributable to a prolonged rent void period to identify a replacement kindergarten tenant. Passing rent was HK$104.8 per sq. ft. at 30 June 2024.

Mr. Au Siu Kee, Alexander, Chairman of the Manager, said, “Prospects for commercial leasing in Hong Kong should become more stable based on the global economic environment, despite still being clouded by certain fundamental and structural hurdles. Meanwhile, as the US economy is finally showing signs of cooling off, we are of the view that further risk escalation in respect of interest rates should be limited.”

Remarks: Attached financial highlights of second interim results of Sunlight REIT for the 12 months ended 30 June 2024.

Financial Highlights of Second Interim Results for the 12 months ended 30 June 2024:
(in HK$’ million, unless otherwise specified)

12 months ended
30 June 2024
(unaudited)
Year ended
30 June 2023
(audited)
Change
(%)
Revenue 830.2 783.3 6.0
Net property income 648.0 624.0 3.9
Profit/(loss) after taxation 159.2 (28.4) N/A
Distributable income 333.9 380.3 (12.2)
Distribution per unit (HK cents) 18.1 22.0 (17.7)
Payout ratio (%) 92.6 97.9 N/A
At 30 June 2024
(unaudited)
At 30 June 2023
(audited)
Change
(%)
Portfolio valuation 18,418.6 18,512.2 (0.5)
Net asset value 13,495.6 13,669.2 (1.3)
Net asset value per unit (HK$) 7.87 8.06 (2.4)
Gearing ratio (%) 26.3 26.1 N/A

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.

Hashtag: #SunlightREIT #REIT

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

About Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the “Trust Deed“). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft.. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

About the Manager

The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

Octa’s birthday: 13 years of high-value brokerage services

The proprietary trading platform and educational resources


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 August 2024 – Octa, a globally recognised financial broker, celebrates its 13th birthday while reviewing its most prominent achievements and outlining high-level plans. This summer, we at Octa celebrate our 13th anniversary of providing high-value e-brokerage services worldwide. Throughout this long and successful track record in the financial markets, we have been deliberately researching the needs of traders in all regions of our operation. This focus allows us to stay purposeful and efficient in improving our proprietary trading platform OctaTrader, releasing updates at least twice a month based on the feedback from our clients.

Octa

OctaTrader is a dynamically evolving platform that seamlessly merges four elements—trading, networking and analysis, financial transactions, and promotions—within a single application. The solution’s most recent feature is Space, an analytical, networking, and educational toolkit embedded into the interface as a customisable content feed. Recently released in all regions for all OctaTrader clients, Space is an analytical hub that provides expert trading insights and facilitates time-efficient decision-making.

Octa’s development team continuously improves OctaTrader, incrementally adding new tradable instruments and valuable features. Reflecting Octa’s progress, our solution recently received the ‘Best Mobile Trading Platform 2024’ award from Global Brand Magazine. In total, 13 years of Octa’s history have been marked by more than 90 awards from financial publications worldwide.

Better opportunities for traders
As a client-centred company, we have always prioritised our clients’ trust and confidence, providing complete transparency of trading conditions and complying with regulatory requirements. We at Octa believe that trading creates new avenues of growth for individuals and communities. To keep up with the industry benchmarks, we currently offer a 1:1000 leverage, which is widely used due to its potential to maximise trading opportunities.

We have always considered trading a skill-based activity that rewards deliberate knowledge acquisition. Because of that, we consistently support traders on their journey in the financial markets by promoting financial literacy. To help emerging traders start strong in Forex, we now offer a new onboarding course designed to help them master the basics. This year, we have also released a book called ‘Explore Forex Trading’, which is currently available in bookstores in Nigeria.

Our clients recognise our dedication: in 13 years, we have opened more than 52 million accounts, processed 2.9 billion orders, and paid out 40 million USD worth of bonuses, supporting first-time traders on their way to consistent success.

Social responsibility projects
We at Octa are proud of our results in the charity field. Last year alone, we implemented 18 charity projects in 4 countries, reaching 4228 students, 30 teachers, 35 schools, and 2410 families struck by crises. This year, our charity work included:

  • STATUS 200—a coding bootcamp for underprivileged Malaysian youths in collaboration with Ideas International
  • Three projects were implemented in Nigeria in celebration of Ramadan: training 25 youths in tech skills, providing 300 children with educational supplies, and establishing a new reading corner in Abuja
  • Renovation of the SD NEGERI DEPOK school in Indonesia
  • A special merchandise collection distributed through our Trade and Win program, with each item contributing to providing education and necessities to underprivileged kids.

With its focus on continuous development and iterative research of the most popular traders’ demands, Octa evolves according to the best industry practices. Its proprietary trading platform OctaTrader boasts an ever-expanding list of useful features and tools which allows traders to efficiently validate their decisions and spend less time on research and analysis while receiving quality expert insights tailored to their needs and preferences.
Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Octa’s birthday: 13 years of high-value brokerage services

The proprietary trading platform and educational resources


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 August 2024 – Octa, a globally recognised financial broker, celebrates its 13th birthday while reviewing its most prominent achievements and outlining high-level plans. This summer, we at Octa celebrate our 13th anniversary of providing high-value e-brokerage services worldwide. Throughout this long and successful track record in the financial markets, we have been deliberately researching the needs of traders in all regions of our operation. This focus allows us to stay purposeful and efficient in improving our proprietary trading platform OctaTrader, releasing updates at least twice a month based on the feedback from our clients.

Octa

OctaTrader is a dynamically evolving platform that seamlessly merges four elements—trading, networking and analysis, financial transactions, and promotions—within a single application. The solution’s most recent feature is Space, an analytical, networking, and educational toolkit embedded into the interface as a customisable content feed. Recently released in all regions for all OctaTrader clients, Space is an analytical hub that provides expert trading insights and facilitates time-efficient decision-making.

Octa’s development team continuously improves OctaTrader, incrementally adding new tradable instruments and valuable features. Reflecting Octa’s progress, our solution recently received the ‘Best Mobile Trading Platform 2024’ award from Global Brand Magazine. In total, 13 years of Octa’s history have been marked by more than 90 awards from financial publications worldwide.

Better opportunities for traders
As a client-centred company, we have always prioritised our clients’ trust and confidence, providing complete transparency of trading conditions and complying with regulatory requirements. We at Octa believe that trading creates new avenues of growth for individuals and communities. To keep up with the industry benchmarks, we currently offer a 1:1000 leverage, which is widely used due to its potential to maximise trading opportunities.

We have always considered trading a skill-based activity that rewards deliberate knowledge acquisition. Because of that, we consistently support traders on their journey in the financial markets by promoting financial literacy. To help emerging traders start strong in Forex, we now offer a new onboarding course designed to help them master the basics. This year, we have also released a book called ‘Explore Forex Trading’, which is currently available in bookstores in Nigeria.

Our clients recognise our dedication: in 13 years, we have opened more than 52 million accounts, processed 2.9 billion orders, and paid out 40 million USD worth of bonuses, supporting first-time traders on their way to consistent success.

Social responsibility projects
We at Octa are proud of our results in the charity field. Last year alone, we implemented 18 charity projects in 4 countries, reaching 4228 students, 30 teachers, 35 schools, and 2410 families struck by crises. This year, our charity work included:

  • STATUS 200—a coding bootcamp for underprivileged Malaysian youths in collaboration with Ideas International
  • Three projects were implemented in Nigeria in celebration of Ramadan: training 25 youths in tech skills, providing 300 children with educational supplies, and establishing a new reading corner in Abuja
  • Renovation of the SD NEGERI DEPOK school in Indonesia
  • A special merchandise collection distributed through our Trade and Win program, with each item contributing to providing education and necessities to underprivileged kids.

With its focus on continuous development and iterative research of the most popular traders’ demands, Octa evolves according to the best industry practices. Its proprietary trading platform OctaTrader boasts an ever-expanding list of useful features and tools which allows traders to efficiently validate their decisions and spend less time on research and analysis while receiving quality expert insights tailored to their needs and preferences.
Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Kweichow Zhenjiu Invited to Attend “Colorful Guizhou Style Guizhou Liquor Global Tour”

Real Vintage Baijiu Dazzles While International Sales Channels Expand Actively


HONG KONG SAR – Media OutReach Newswire – 13 August 2024 – The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), is pleased to announce that its flagship brand “Kweichow Zhenjiu” was invited to be present at “Colorful Guizhou Style Guizhou Liquor Global Tour“, held on August 12, to recommend three of its vintage Zhenjiu products in the sauce-aroma baijiu tasting session. Among them, Zhenjiu’s “2013 Real Vintage Baijiu Tornado” shone through the interactive session, and guests at the conference were deeply impressed by the sauce-aroma cocktail made with it as the base liquor.

The four core products of Kweichow Zhenjiu including Zhen 8, 2013 Real Vintage Baijiu, Zhen 30, and Zhen 15 were displayed at the event.
The four core products of Kweichow Zhenjiu including Zhen 8, 2013 Real Vintage Baijiu, Zhen 30, and Zhen 15 were displayed at the event.

Hosted by the Guizhou Provincial People’s Government, organized by the Guizhou Provincial Department of Commerce and the Zunyi Municipal People’s Government, and supported by the Liaison Office of the Central People’s Government in Hong Kong and the Hong Kong SAR Legislative Council, the “Colorful Guizhou Style Guizhou Liquor Global Tour” was successfully held on August 12 at the Grand Hyatt Hotel in Wan Chai, Hong Kong. More than 20 Guizhou baijiu brands, including Kweichow Zhenjiu, were invited to participate. In the current fiercely competitive baijiu landscape, Kweichow Zhenjiu, as ZJLD Group’s flagship brand, achieved revenue of roughly RMB 4.58 billion in 2023, representing a year-on-year increase of nearly 20%. As of May 2024, the high-quality base liquor inventory reached 90,000 tons, and the production capacity exceeded 41,000 tons. Zhenjiu’s production capacity ranks among the top three Guizhou sauce-aroma baijiu companies and has formally entered the “MaoXiZhen” era.

Kweichow Zhenjiu showcased its four core products to the guests, including Zhen 8, Zhen 15, Zhen 30, and 2013 Real Vintage Baijiu. The brand ambassador of Kweichow Zhenjiu guided the guests to an in-depth tasting of Zhen 15, Zhen 30, and 2013 Real Vintage Baijiu during the tasting session. The event’s highlight was the interactive experience and bartending performance that featured the 2013 Real Vintage Baijiu Tornado as the base liquor for the signature cocktail, unanimously praised by the guests.

Mr. Ng Paul, the Executive Director and Head of the International Operation of ZJLD Group, stated, “In recent years, as overseas capital and consumer markets have paid more attention to baijiu products, ‘Baijiu Going Overseas’ has become a matter of great concern for the industry. It is believed that under the leadership of the Guizhou Provincial People’s Government’s ‘Guizhou Liquor Global Tour’ campaign, Guizhou sauce-aroma baijiu will gradually move towards internationalization. As the first baijiu company to be successfully listed outside China in the past eight years, ZJLD Group has been actively working to expand its international sales channels. In the future, we will continue to invest in our brand, production capacity, distribution channels and talent development to adapt to market changes and win the reputation of consumers at home and abroad.”

ZJLD Group was officially listed on the Hong Kong Stock Exchange on April 27, 2023, and is known as “the first baijiu company listed in Hong Kong and outside China and the second sauce-aroma baijiu stock being publicly listed.” The Group’s Kweichow Zhenjiu has been on sale in major online and offline retail stores in Hong Kong and Southeast Asia since October 2023. At the beginning of the year, Kweichow Zhenjiu also entered more than 200 sales channels authorized by domestic and foreign customs under the China Duty Free Group, further expanding its international sales channels.

Hashtag: #ZJLD

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

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Guizhou, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. It is one of the “Three Representative Sauce Flavor Brands in Guizhou”, along with Moutai and Xijiu. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma, with sauce-aroma being its core. In terms of revenue in 2023, the Company was the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including Zhen Jiu and Li Du, and two leading regional names, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

Citi Launched 12th Edition of Citigold Private Client Young Successor Program

Empowering Young Successors with a Wealth of Knowledge and Possibilities


HONG KONG SAR – Media OutReach Newswire – 13 August 2024 – Citi recently held the 12th edition of the Citigold Private Client Young Successor Program in Singapore which saw a cohort of 37 young adults aged 18-25 invited by Citi Hong Kong, Citi Singapore, and Citi International Personal Bank Singapore.

The participants from 11 markets around the globe embarked on an action-packed 3.5-day journey encompassing knowledge of wealth management, sustainable environmental conservation and innovative fintech development, through insightful industry visits and dynamic interactions with Citi’s professionals and its partners.

Since its inauguration in 2013, the Young Successor Program has equipped hundreds of future successors from all over the world with industry know-how and practical knowledge about wealth and financial management as well as entrepreneurship, as they become increasingly involved in the handling of their family’s wealth and succession planning.

At Citi, it has always been our commitment and mission to bring together the full power of One-Citi to better serve our Citigold Private Client customers with financial solutions tailored to meet their unique needs, including legacy preservation to protect their life’s achievements, and to ease the transition to future generations.

Citi has developed the Young Successor Program in partnership with a number of enterprises and organizations specially curated to provide insights relevant to this audience.

During the 3.5-day program in Singapore this year, our young successors from different markets have had an introduction to asset management with Capital Group, sharpened their practical soft skills by building a strong personal profile with LinkedIn, immersed themselves in the latest technology and virtual reality experiences at the Mastercard Experience Center, as well as gaining insights on sustainable operations at the Mandai Wildlife Reserve.

Citigold Private Client

Citigold Private Client is an account designed for customers with a minimum total relationship balance of HKD 8,000,000. For more information, please visit https://www.citibank.com.hk/cpc

Hashtag: #Citibank #Citigold

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

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at | X: | LinkedIn: | YouTube: | Facebook:

Luang Namtha Police Arrests Two in Counterfeit Currency Case

Luang Namtha Authority (Photo: Pathedlao)

In June, Luang Namtha authorities arrested two individuals, including a Thai national, in connection with a money counterfeiting operation involving counterfeit 100,000 and 50,000 kip notes.

Special Task Force to Shut Down Illegal Activities in Bokeo SEZ

Special Task Force to Shut Down Illegal Activities in Bokeo SEZ
Kapok Star Hotel, the newly built hotel in SEZ to welcome tourists in SEZ (photo: Nation TV)

Authorities in Bokeo Province will establish a special task force to crack down on illegal activities within the Golden Triangle Special Economic Zone (SEZ), beginning on 25 August.

New Phase Boosts Laos-China Clean Energy Project

The ceremony agreement signing (Photo: Pathedlao)

To advance regional clean energy collaboration, Laos and CGI Energy Technology Co., Ltd. have signed an agreement to launch Phase II of the Northern Clean Energy Connection Project.