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Toyota Asia’s Multiple Pathways towards Carbon Neutrality

BANGKOK, THAILAND – Media OutReach – 19 December 2022 – Mr. Akio Toyoda, President & CEO of Toyota Motor Corporation (“Toyota”), and founder and team owner of ROOKIE Racing, participated under the driver name “Morizo” in the 25-hour endurance race in Thailand over December 17th and 18th in Toyota’s hydrogen-powered Corolla. This was the first time that this technology has been used in a race outside Japan. This was also an opportunity for Toyota to demonstrate its multiple pathway approach to accelerate actions towards Carbon Neutrality, by displaying and demonstrating various clean technologies, including Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicles (BEV) and Fuel Cell Electric Vehicles (FCEV) that offer diverse environmentally friendly choices to customers across Asian markets. Mr. Hao Quoc Tien, CEO of Asia Region, and other senior executives from Toyota, joined Mr. Toyoda over the 2 day program.

Developing and showcasing the Hydrogen powered internal combustion engine vehicle (HiCEV) marks another step in Toyota’s technological efforts towards achieving global commitment of Carbon Neutrality by 2050.

Toyota believes that ‘carbon is the enemy’, and hence Toyota believes in a Multiple Pathway approach by offering customers the choice of various vehicle powertrain technologies, including HEV, PHEV, BEV, FCEV, HiCEV, or even bio-fuel vehicles. This allows every customer to select cleaner and greener mobility options that are suitable for their economic circumstances, energy source, charging infrastructure readiness, industrial policies and usage needs. This multiple pathways approach allows decarbonization to start immediately, without waiting for the maturity of all the enablers such as infrastructure and affordability, and hence can gain scale through accessibility. This is in line with Toyota’s “Mobility for All” objective, and allows everyone to participate in the decarbonization journey. Toyota believes that the impact of clean technology can be felt only with its wide adoption across global markets. Beyond new vehicles, Toyota also believes in appropriate life-cycle action to truly decarbonize mobility and its ecosystem, and earnestly tackle climate change from cradle to grave.

Toyota has carefully considered the best way to move to mass and accessible electrification in each market, through a ‘3 Lens’ approach that allow the company to best understand the enablers to accelerate carbon neutrality and electrification. These are 1) Emission Reduction, through well to wheel and lifecycle actions, 2) Economic Impact, including for the customer, government and industry, and most importantly 3) Customer Acceptance.

Specifically, for Emission Reduction, the consideration is to evaluate the total emissions, including tailpipe (tank-to-wheel) power generation (well-to-tank; e.g. fuel, electricity, etc.) and life cycle emission (from manufacturing and life-time usage).

Hashtag: #ToyotaMotorAsiaPacific

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

Stunning Waterfall in Khammouane to Open for Public in 2023

(Photo: Jé Rob)

Khammouane will open the Tad Sieng Lue waterfall in the Bualapa district for the public to attract more tourists next year. This would be done after access and service facilities have been constructed in the surrounding area.

PureDew Officially Launches Their e-Store On Lazada And Shopee

SINGAPORE – Media OutReach – 19 December 2022 – PureDew is proud to announce that it has launched its e-Store on two of the most popular e-commerce shopping platforms in Singapore – Lazada and Shopee. To celebrate its official launch and the Christmas season, the company is also rolling out an exclusive promotional campaign during this period.

Among the first batch of products to launch on the new marketplace are the SnowDrop Hydrogen and SnowDrop Spoon water dispensers/purifiers. Both of these models provide industry-leading filtering systems, making purified drinking water easily accessible and available in every household. The SnowDrop Hydrogen is also able to generate hydrogen water, which is scientifically proven to reduce inflammation and body recovery time.

With the COVID-19 pandemic, there has been a major shift in customer purchasing behaviour. E-commerce shopping platforms like Lazada and Shopee have seen a significant increase in regular users in recent years. Thus, PureDew has decided to utilise these platforms to shift their focus from commercial settings to providing homeowners with a water purifier for their home. Not only would multiple payment options, discounts and vouchers be available on these platforms, but instalment plans will also be an option for buyers.

PureDew is a reputable supplier that anyone looking for a water dispenser in Singapore can count on. The company has had a strong foothold in the commercial industry for years, with its drinking water fountains being utilised in various venues such as Gardens By The Bay, Changi Airport Terminals and more. Moving forward, customers can look forward to attractive promotions, and a variety of new models with different designs and features being brought in.

With the launch of their e-Store on Lazada and Shopee, PureDew strives to continue providing their range of affordable yet high-quality water dispensers for users across the country.

For more information, please visit puredew.com.sg.

To visit PureDew’s eStore at Lazada and Shopee, please use the following links:

Lazada: www.lazada.sg/shop/pure-dew-international-pte-ltd

Shopee: shopee.sg/puredewinternational

Hashtag: #PureDew

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

The sixth storage facility of StorHub Hong Kong is now open

Enjoy up to 4 months of free storage and complimentary transportation with friendly and professional customer service for a pleasant storage experience at StorHub Self Storage.

HONG KONG SAR – Media OutReach – 19 December 2022 – Hong Kong is one of the most densely populated countries in the world and its land is being rapidly filled up by its people, resulting in a lack of both living and storage space. Property prices have also been rising even though units are getting smaller and smaller. Space has been and still is at a premium and is one of the biggest challenges that Hong Kongers have to face. An increase in living and storage space can improve the quality of life for people from all strata of society by leaps and bounds. Many people will choose to rent a self storage unit to store infrequently used sundries, home appliances, furniture or company documents and merchandise in an easily accessible storage facility. In order to mitigate the challenges faced by personal and corporate customers, StorHub Hong Kong has recently opened its sixth storage facility in San Po Kong, providing safe and reliable high-quality storage solutions to residents in the area.

StorHub San Po Kong has several community amenities that are in close proximity to the storage facility including the Choi Hung Road Playground where there are a rooftop tennis court, an observation deck, a hockey stadium and a soccer field and so on. Other recreational facilities nearby include the Mikiki shopping mall, Kai Tak East Sports Centre and the Just Climb rock climbing gymnasium.

Fully owned property and in compliance with the Hong Kong Fire Services Department (FSD) fire regulations

All StorHub Self Storage facilities are 100% fully owned properties that comply with the local Fire Services Department (FSD) fire regulations. The storage facilities are equipped with fire protection systems which include fire alarms, sprinkler systems, and emergency exits. The top of the storage units is one metre from the ceiling of the building in accordance with the regulations of the Fire Services Department, and sufficient windows are also installed. Safe and reliable self storage facilities allow customers to store their treasured items with peace of mind for a long period of time.

State-of-the-art security systems, 24-hour storage access all year round

StorHub Self Storage facilities are equipped with 24-hour CCTV surveillance so that customers can access the storage area via pin code security access. They can also lock up their self storage unit with a padlock of their choice to ensure the safety of their precious items. The storage units are accessible 24 hours a day throughout the year, allowing customers to drop off and retrieve their items with ease and at their convenience. Aside from the storage environment being equipped with an air-conditioning system to keep the temperatures and levels of humidity steady, the storage facilities also have a variety of storage unit sizes available, ranging from 4 square feet to 160 square feet, to meet the different storage needs of individuals, families and businesses from all walks of life.

Conveniently located storage facilities around Hong Kong

StorHub Self Storage has six facilities in Hong Kong that are in convenient locations including Tsuen Wan, Chai Wan, Sha Tin, Cheung Sha Wan, Hung Hom and San Po Kong. Being easily accessible makes the entire storage experience with StorHub a smooth sailing one for customers. StorHub Hong Kong storage facilities are easy to get to via different modes of public transport such as trains, buses and minibuses. This means that StorHub customers are able to find their way to our storage facilities with ease since the buildings are conveniently located near the train stations and bus stops. On top of that, we also provide free parking spaces to help customers save time so that they can have a convenient storage experience. This provides convenience to customers who own private cars when loading their items onto their car or when unloading items from their car, as well as when transferring their stored items between their vehicle and their storage unit.

Excellent customer service from StorHub storage specialists

StorHub is no ordinary self storage provider with well-informed and experienced storage specialists on site providing professional and friendly services to customers at the reception office from Mondays to Sundays, ensuring that the storage needs of customers are fulfilled. The reception also offers complimentary drinks and snacks, and a lounge area for customers to have a rest. Power sockets are available in the storage area for the charging of portable devices and StorHub customers can borrow ladders and trolleys that are for the exclusive use of storers. Our reception area has packaging materials stocked up that customers can purchase, including boxes of different sizes, bubble wrap, stretch film, and sealing tapes.

Limited time promotion for the Grand Opening of new storage facility

StorHub has flexible storage terms, allowing for both short-term and long-term rentals, and customers can choose from a variety of payment methods, such as cash, online transfer, user-friendly QR code scanning payment types including Alipay, WeChat Pay, FPS, credit card, and so forth which are convenient and fast. To celebrate the opening of the sixth branch, different limited-time promotions are now available at affordable prices. Please call 2809 2996 to speak to one of our friendly storage specialists who can assist you with your storage enquiries or to obtain quotations at the following website https://www.storhub.com.hk/

Hashtag: #StorHub

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

About StorHub

StorHub took the lead in introducing the concept of self storage to Singapore back in 2003, and has now become the largest operator in the country with 18 conveniently location self storage facilities all around the country. With StorHub’s many years of experience in Singapore, we continue to expand our business to Asia and have been operating in Shanghai since 2012. Today, StorHub operates 17 self storage facilities in China, including first-tier cities Beijing, Shanghai and Shenzhen. From 2019, StorHub has expanded to several major markets, including Hong Kong, Thailand, Japan, South Korea and Malaysia.

DHL Supply Chain to invest EUR 10 million (NTD 320 million) to expand warehousing in Northern Taiwan, fulfill logistics demand of Semiconductor and Life Sciences and Healthcare (LSHC) sectors

  • DHL Supply Chain plans to invest EUR 10 million in the next five years to expand facilities in Northern Taiwan
  • The opening of the latest facility in Taoyuan(Taoyuan Distribution Center- Jian Guo) in December this year increases the total warehousing space in Taoyuan to 37,000 square meters
  • Its location offers excellent connectivity to Taoyuan international airport, Taipei port, National Highway No.1 and Science Parks in Hsinchu and Taipei, for speedy delivery
  • DHL Supply Chain will continue its growth in the semiconductor sector and further diversify into the LSHC sector
  • DHL Supply Chain’s total footprint in Taiwan will increase to about 200,000 square meters by 2027


TAIPEI, TAIWAN Media OutReach – 19 December 2022 – DHL Supply Chain, the global market leader for contract logistics solutions, announced its facility expansion plans for the next five years in Northern Taiwan. The EUR 10 million (NTD 320 million) investment will grow DHL Supply Chain’s business presence and fulfill the logistics demand of the semiconductor and LSHC sectors.

PR-photo.jpg
The Taoyuan Distribution Center- Jian Guo is the newest facility to open in December 2022, increasing the total warehousing space of DHL Supply Chain to 37,000 square meters in Taoyuan.

The expansion includes the newly-inaugurated Taoyuan Distribution Center-Jian Guo, DHL Supply Chain’s second site in Taoyuan. Opening in December 2022, the 10,000-square-meter facility offers excellent connectivity to National Highway No.1(by land), Taipei port (by sea), Taoyuan International airport (by air), and Science Parks in Hsinchu and Taipei for speedy delivery. It is also a green building equipped with solar panels to reduce carbon emissions. With this new facility, the total warehousing space in Taoyuan increases to 37,000 square meters.

Edwin Wong, SVP, Service Logistics AP, Taiwan & China Rep Office, DHL Supply Chain said, “We see enormous growth potential in Taiwan despite the current economic conditions. Our expansion plans aim to fulfill the soaring demand for warehousing in Northern Taiwan, especially from the semiconductor sector. Our expanded logistics portfolio in Taiwan enables us to respond quickly to market changes and urgent demand from end customers by delivering critical parts or finished goods within 2 hours.”

In addition to strengthening the partnership with semiconductor customers, DHL Supply Chain also plans to extend and replicate its core capabilities to the LSHC sector, focusing on medical devices and pharmaceutical products. The semiconductor and LSHC sectors have stringent service requirements for properly storing and delivering high-value products. These requirements include time-critical delivery, strict facility and vehicle safety standards, full temperature and humidity control, quality management and compliance.

D.J. Shieh, Managing Director of DHL Supply Chain Taiwan said, “To support the growth of our business, we aim to expand our warehousing footprint in Northern Taiwan for the next five years. The Taoyuan Distribution Center- Jian Guo will be our 15th facility in Taiwan and is also one of the three largest distribution centers in our Northern Taiwan operation. ”

“The inauguration of this new site underlines our commitment to keep investing in state-of-the-art warehouses for our customers in Taiwan. We will provide high-quality logistics services to help our semiconductor and LSHC customers optimize the flexibility and agility of their supply chain, so that they can focus on their core business and competencies.”

DHL Supply Chain Taiwan has further expansion plans to increase its total footprint in Taiwan to 200,000 square meters by 2027.

Hashtag: #DHL

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.

Asian Expatriates Staying to Help in Ukraine

Basnyat has been in Ukraine since 2014 after Russia annexed Crimea in March that year.
Mr Gaurav Basnyat has been in Ukraine since 2014 after Russia annexed Crimea in March that year. PHOTO: EDWARD COWLEY

After a month of renewed Russian airstrikes which have targeted civilian infrastructure and in particular the power grid, life has become harder across Ukraine, especially with the onset of winter. But many Ukrainians and a few foreigners, including Singaporeans, have stayed behind to help, determined to get through the winter.

Prenetics Acquires ACT Genomics First M&A Deal since IPO Set to Expand Footprint in Cancer Genomics

  • Prenetics will be acquiring a majority stake in ACT Genomics Holdings Company Limited (“ACT”) for an upfront consideration consisting of 19.9 million shares of Prenetics common stock and US$20 million cash
  • Prenetics expects ACT to contribute revenues of approximately US$25-30 million in 2023
  • Position Prenetics solidly within the US$80+ billion global precision oncology market
  • Professor Tony Mok, Chairman of ACT, will join Prenetics Scientific Advisory Board, effective from January 1, 2023
  • Acquisition expected to complete on or around December 30, 2022, subject to certain closing conditions

HONG KONG SAR – Media OutReach – 16 December 2022 – Prenetics Global Limited (NASDAQ: PRE) (“Prenetics” or the “Company”), a global leader in genomic and diagnostic testing, is acquiring a majority stake of ACT, an Asia based genomics company specializing in precision oncology with operations in Hong Kong, Taiwan, Japan, Singapore, Thailand and the UK, for an upfront consideration consisting of 19.9 million shares of Prenetics common stock and US $20 million cash (the “transaction”). That is the first M&A deal Prenetics is to make since its listing, which will expand its footprint in the cancer genomics space, bringing it closer to realizing the vision of building an end-to-end health ecosystem. With the acquisition well underway, effective from January 1, 2023, Professor Tony Mok, Chairman of ACT, will join Prenetics Scientific Advisory Board.

Boasting cutting-edge technologies in cancer genomics and bioinformatics, ACT has a multi-diagnostic technology platform and offers a comprehensive range of products in clinical services with high pan-Asia coverage. In November 2021, ACT merged with Sanomics Holdings Limited (“Sanomics”), both of which were awarded the Elite Program funding by Hong Kong Science and Technology Parks Corporation (“HKSTP”), where the strongest technical ecosystem is provided locally to its park companies to grow and thrive. HKSTP is home to over 200 health tech related start-ups and several international research clusters in healthcare.

With the continuous support from HKSTP and the government, Prenetics will have an extended reach to the healthcare technology market in the Greater Bay Area and beyond. Financially, ACT’s revenue is expected to grow at a CAGR of 60% between FY2022 and FY2026. Prenetics expects ACT to contribute revenues of approximately US$25-30 million in 2023.

When the acquisition is completed, leveraging ACT’s R&D engines which specializes in next-generation sequencing and bioinformatics in both tissue and liquid biopsy, Prenetics will have the scientific rigor to offer tests to patients throughout their cancer journey. This will also position Prenetics solidly within the US$80+ billion global precision oncology market.

Danny Yeung, Chief Executive Officer and Co-founder of Prenetics, said, “This is a significant move for Prenetics, as it is our first M&A deal since listing and is set to enlarge our footprint in the cancer genomics space. It is our goal to democratize testing and make cancer genomics accessible to all. With Professor Mok and the ACT team on board, we believe Prenetics can deliver the information needed to enable best-in-class personalized cancer care and make new heights. Lastly, we are actively n close discussions on additional M&A opportunities which we believe will be in the interest to Prenetics and our shareholders.”

Professor Tony Mok, Chairman of ACT Genomics, said, “We are very pleased to join forces with Prenetics. ACT has pioneered and made breakthroughs in cancer prevention and diagnostics since it was founded in 2014. Our flagship ACTOnco+ has provided oncologists and cancer patients with valuable biomarker information for therapy selection. I believe this transaction will give both companies enhanced financial strength and commercial and R&D capabilities to drive significant growth.”

Mr. Albert Wong, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation, said, “We are thrilled to witness this milestone, which is a clear vote of confidence in Hong Kong’s ambition to become a biomedical technology center of excellence. It was only last year when we saw the merger of two health tech pioneers from the Hong Kong Science Park, ACT Genomics and Sanomics. The acquisition by Science Park incubatee, Prenetics, is a testament to the high-quality innovation ecosystem and translational research infrastructure that have been established at the Park over the past 20 years. Backed by government support and its unique advantages, Hong Kong is open to innovators from around the world who want to come and accelerate their future success.”

Under the terms of the transaction agreement, Prenetics has agreed to issue 19.9 million shares of Prenetics’ class A ordinary shares and pay $20 million in cash. Upon closing, Prenetics will hold a majority stake in ACT. More details about the transaction can be found under link: https://prenetics.gcs-web.com/static-files/fd50a409-45b7-4827-96e0-1c207ccca5aa

Hashtag: #Prenetics

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

About Prenetics

Founded in 2014, Prenetics is a major global diagnostics and genetic testing company with the mission to bring health closer to millions of people globally and decentralize healthcare by making the three pillars — Consumer Health, Clinical Care and Medical & Cancer Genomics — comprehensive and accessible to anyone, at anytime and anywhere. Prenetics is led by visionary entrepreneur, Danny Yeung, with operations across nine locations, including United Kingdom, Hong Kong, India, South Africa, and Southeast Asia. Prenetics develops consumer genetic testing and early colorectal cancer screening; and provides COVID-19 testing, rapid point of care and at-home diagnostic testing and medical genetic testing. Prenetics is listed on NASDAQ with the ticker PRE. To learn more about Prenetics, visit .

About ACT Genomics / Sanomics

ACT Genomics is an innovation-driven cancer solution provider with offices in Taipei, Hong Kong, Singapore, Tokyo, Bangkok and UK. With our Next-Generation Sequencing (NGS) technology, CAP-accredited laboratories, experienced bioinformatics team, and proprietary AI algorithms, we provide optimal cancer treatment planning, immunotherapy evaluation, cancer relapse & drug resistance monitoring, as well as cancer risk assessment services to medical professionals. Together, we “Turn Genomics into Action”. To learn more about ACT Genomics, visit .

Chinese Mainland has youngest businesses and youngest CEOs among global family businesses, KPMG/ Global Consortium joint survey finds

More than half of Chinese Hong Kong family businesses show multi-generational involvement, much higher than global average

HONG KONG SAR – Media OutReach – 16 December 2022 – Among global family businesses surveyed, those in the Chinese Mainland had the youngest businesses and the youngest CEOs amongst all the regions studied, according to a report by KPMG Private Enterprise and the STEP Project Global Consortium (SPGC). Moreover, about two-thirds of Chinese Mainland family businesses were managed by the first generation; while roughly the same portion of their Chinese Hong Kong counterparts were already run by the second generation. More than half (58%) of Chinese Hong Kong businesses polled showed multi-generational involvement, much higher than the global average of 35%, the report also found.

The report, titled “Nurturing Tomorrow’s Entrepreneurial Leaders”, is based on a global survey of 2,439 family business leaders in 70 countries/jurisdictions worldwide, coupled with a series of roundtable discussions with leaders in the family business community in February 2022. The report is based on survey analysis of 184 family business leaders with their corporate headquarters based in China. Among these, 126 were based in the Chinese Mainland while 58 were in Hong Kong.

The average longevity of businesses in the Chinese Mainland is 22.7 years, compared to the global average of 44.2 years, while the average CEO age is 47.4 years, compared to the global average of 52.4. Since Chinese Mainland family businesses had the youngest group of CEOs, they were more inclined to take risks. They tend to practice a more authoritarian style of leadership compared to global counterparts.

However, the world-leading entrepreneurial orientation in Chinese Mainland family businesses has not fully translated into financial and non-financial performance. This suggests that entrepreneurs should reinforce the emotional value of family ownership. Chinese Mainland and Hong Kong family businesses polled showed lower levels of “socioemotional wealth” – the intangible energy that drives families forward towards achieving their goals — compared to counterparts in other regions.

Karmen Yeung, National Head of Private Enterprise, KPMG China, says: “Young CEOs in the Chinese Mainland are possibly replicating a similar style of leadership as that of the previous generation. Family business leaders in Chinese Mainland should consider how they can evolve their leadership style. Furthermore, the intention of the younger generation of potential leaders to exit the legacy business may call for the development of a new anchor of the family identity to avoid liquidity events. For example, instead of focusing on the legacy business, the entrepreneurial family can sustain regenerative power via the family portfolio, supported by their family offices.”

Compared with the global average of having 5.15 family shareholders, sampled Hong Kong businesses had 7.98 family shareholders on average, which was significantly higher than Chinese Mainland counterparts with a mean of 3.45 family shareholders. A high percentage (81%) of Hong Kong-based family businesses ran with a formal Board of Directors, as a result of their relatively long history of business operations and their larger business size. However, despite having a more dispersed ownership among different family members on average, only a small portion of the families (9%) operated with a Family Council.

Peter Lee, Partner, Family Advisory, Private Enterprise Practice, KPMG China, says: “While many family businesses in Hong Kong have established a formal board of directors to make strategic business decisions, we hope to see a larger number of families-in-business establishing a more structured family governance framework which may include a family council to make strategic family decisions. These separate forums for the family and its business can help to align the personal goals and interest of individual family members with the family business and to avoid complex discussions when family members voice their personal and familial concerns in board meetings.”

Hashtag: #KPMGChina

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

About KPMG China

KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 144 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

About the STEP Project Global Consortium (SPGC)

The STEP Project Global Consortium is a global applied research initiative that explores family and business practices within business families and generates solutions that have immediate application for family business leaders. The STEP Project Global Consortium aims to be a leading global family business research project with an international reputation. The research insights are specifically drawn to be of relevance to developing new theoretical insights that can offer novel and valuable best practices recommendations to the business stakeholders and the practice community at large. Having a global worldwide orientation, the STEP Project Global Consortium offers networking opportunities for researchers, family business owners and consultants coming from five continents.