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Monarq Asset Management Announces Strategic Investment From FalconX

NEW YORK, June 3, 2025 /PRNewswire/ — Monarq Asset Management (“Monarq”), a leading multi-strategy investment firm, formerly known as MNNC Group, today announced a strategic investment from FalconX, a leading institutional digital asset prime broker. The investment will accelerate Monarq’s growth as it scales its team, product offerings, and institutional client base.

With a track record dating back to 2017 and experience navigating multiple market cycles, Monarq is led by alumni from prestigious firms like LedgerPrime, Tower Research, and BlockTower. The firm deploys quantitative, delta-neutral, and directional strategies across both centralized and decentralized venues, focused on delivering consistent, risk-adjusted returns in all market conditions.

“We are pleased to welcome FalconX as a strategic investor,” said Shiliang Tang, CEO and Managing Partner of Monarq. “With FalconX’s strategic support, we are well positioned to scale our proprietary quantitative models, grow our team of portfolio managers and technologists, and bring institutional-grade asset management to a broader set of investors.”

The investment strengthens FalconX’s ability to serve clients seeking actively managed digital asset strategies and further diversifies its business lines.

“We saw a rare combination of quantitative finance and derivatives expertise in Monarq, grounded in the infrastructure and risk discipline expected of top-tier institutional managers,” said Raghu Yarlagadda, Co-Founder and CEO of FalconX. “As institutional capital allocates more meaningfully into digital assets, the search for differentiated, risk-adjusted returns is intensifying — and we believe institutions will increasingly turn to actively managed platforms as the asset class continues to mature.”

The investment comes amid a period of significant growth in the alternative investment space, with increasing allocation from institutional investors, family offices, and high-net-worth individuals seeking diversified returns in a complex market environment.

About Monarq Asset Management
Monarq Asset Management, formerly MNNC Group, is a multi-strategy digital asset investment manager focused on generating consistent, risk-adjusted returns through all market conditions. Managed by former executives from firms such as LedgerPrime, Tower Research, and BlockTower Capital, the team offers extensive experience in quantitative trading, volatility strategies, and digital market structure.

Leveraging a foundation of delta-neutral and directional strategies, Monarq utilizes a disciplined, data-centric investment approach spanning centralized and decentralized markets. By integrating institutional-grade financial rigor with native blockchain infrastructure, the firm is positioned to meet the evolving demands of today’s sophisticated institutional investors.

About FalconX
FalconX is a leading digital asset prime brokerage for the world’s top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.

FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn

“FalconX” is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.

OHI Group S.A. Announces Consent Solicitation Relating to its U.S.$400,000,000 13.000% Senior Secured Amortizing Notes due 2029 Regulation S Notes: CUSIP L7S61M AB5, ISIN USL7S61MAB59 Rule 144A Notes: CUSIP 67712M AB5, ISIN US67712MAB54 (the “Notes”)

Executive Summary  As previously announced, OHI Group S.A. (the “Issuer“) is preparing a proposed initial public offering of its shares in the United States, to be registered with the U.S. Securities and Exchange Commission (the “SEC“) and likely listed on the New York Stock Exchange (the “IPO“). The IPO is contemplated for later this year, subject to market conditions. The IPO registration process requires that the Issuer’s financial statements be reaudited in accordance with the US Public Company Accounting Oversight Board (the “PCAOB“) standards. The PCAOB reaudit process has added additional layers of review and discussion, which the Issuer is in the process of finalizing.

Given these circumstances, the Issuer is seeking consents from holders of Notes to defer the required delivery of its audited annual financial statements as of and for the year ended December 31, 2024 and its unaudited quarterly financial statements as of and for the quarter ended March 31, 2025 to no later than July 31, 2025.

Notwithstanding this delay, the Issuer is committed to positive investor engagement and provision of timely access to its financial information. The Issuer published an earnings release on May 29, 2025 setting forth headline unaudited information regarding the Issuer’s financial performance, leverage and liquidity as of December 31, 2024. The Issuer also published a press release indicating its intention to confidentially submit a draft registration statement on Form F-1 with the SEC relating to a proposed initial public offering of its ordinary shares in the United States.

LUXEMBOURG, June 3, 2025 /PRNewswire/ — OHI Group S.A. (the “Issuer“) announced today that it launched a solicitation (the “Solicitation“) for consents (the “Consents“) from holders of the Notes (the “Holders“) to approve certain amendments and waivers to the indenture dated July 22, 2024 relating to the Notes (as amended or supplemented from time to time, the “Indenture“) to (A) defer publication and delivery to the Trustee (as defined below) of the annual report of OHI Group S.A. which, pursuant to Section 4.09(a)(i) of the Indenture, is required to be delivered within 120 days after the end of the fiscal year ended December 31, 2024 (the “Annual Report“), to no later than July 31, 2025 (the “Annual Report Deferral Amendment“), (B) defer publication and delivery to the Trustee of the quarterly financial statements of OHI Group S.A. which, pursuant to Section 4.09(a)(ii) of the Indenture, are required to be delivered within 60 days after the end of the quarter ended March 31, 2025 (the “Quarterly Financial Statements“), to no later than July 31, 2025 (the “Quarterly Financial Statements Deferral Amendment“), (C) waive any Defaults or Events of Default under the Indenture arising as a result of not publishing and delivering to the Trustee the Annual Report within 120 days after the end of the fiscal year ended December 31, 2024 and arising as a result of not publishing and delivering to the Trustee the Quarterly Financial Statements within 60 days after the end of the quarter ended March 31, 2025 (provided that the Annual Report and the Quarterly Financial Statements are published and delivered to the Trustee no later than July 31, 2025) (the “Proposed Waivers“) and (D) make any ancillary amendments to the Indenture required to effect the Annual Report Deferral Amendment, the Quarterly Financial Statements Deferral Amendment and the Proposed Waivers (the foregoing clauses (A) and (B) and this clause (D), collectively, the “Proposed Amendments“).

Adoption of the Proposed Amendments and Proposed Waivers under the Indenture requires the Consents of the Holders of a majority of the aggregate principal amount of the Notes then outstanding (such consents, the “Required Consents“). A Consent may be validly revoked by a Holder at any time prior to, but not on or after, the Effective Time (as defined below) and will automatically terminate and not be effective if the Required Consents are not obtained on or prior to the Expiration Time (as defined below). Assuming the Issuer receives the Required Consents, each present and future Holder will be bound by the Proposed Amendments and Proposed Waivers to the Indenture once they become operative, whether or not such Holder delivered a Consent.

The Issuer expects that, promptly after receipt of the Required Consents on or prior to the Expiration Time, it will give notice to BNY Mellon Corporate Trustee Services Limited as trustee under the Indenture (the “Trustee“) that the Required Consents have been received (such time, the “Effective Time“), and the Issuer and the Trustee will execute a supplemental indenture to the Indenture, at a convenient time as soon as practicable thereafter. Holders should note that the Effective Time may fall prior to the Expiration Time, and, if so, Holders may not be given prior notice of such Effective Time.

The Solicitation will expire at 5:00 p.m., New York time, on June 6, 2025 (such date and time, as the Issuer may extend from time to time in its sole discretion, the “Expiration Time“).

The Solicitation is being made solely on the terms and subject to the conditions set forth in the Issuer’s consent solicitation statement in respect of the Notes, dated as of June 2, 2025 (the “Consent Solicitation Statement“). The Issuer may, in its sole discretion, terminate, extend or amend the Solicitation at any time as described in the Consent Solicitation Statement.

Copies of the Consent Solicitation Statement may be obtained from Kroll Issuer Services Limited, the information and tabulation agent in connection with the Solicitation (the “Information and Tabulation Agent“), at ohigroup@is.kroll.com (Attn: Arlind Bytyqi) or +44 20 7704 0880. Holders of the Notes are urged to review the Consent Solicitation Statement for the detailed terms of the Solicitation and the procedures for consenting to the Proposed Amendments and Proposed Waivers.  

This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of consents of Holders and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of the Issuer or its affiliates. None of the Issuer, the Trustee, the Information and Tabulation Agent or any other person makes any recommendation as to whether or not Holders should deliver Consents. Each Holder must make its own decision as to whether or not to deliver Consents.

Forward Looking Statements

This release may contain forward-looking statements that involve substantial risks and uncertainties. All statements other than statements of historical facts included in this release including, without limitation, statements regarding OHI Group S.A.’s future financial position, risks and uncertainties related to its business, strategy, capital expenditures, projected costs and OHI Group S.A.’s plans and objectives for future operations, may be deemed to be forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk,” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements. OHI Group S.A. does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Statement

Under no circumstances shall the Consent Solicitation Statement constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for the Notes in any jurisdiction. The Solicitation shall not be considered an “offer of securities to the public,” or give rise to or require a prospectus in a European Economic Area member state or in the United Kingdom pursuant to Regulation (EU) 2017/1129 (as amended or superseded).

The Solicitation is not being made to, and no consents are being solicited from, holders or beneficial owners of the Notes in any jurisdiction in which it is unlawful to make such consent solicitation or grant such consents. However, the Issuer may, in its sole discretion and in compliance with any applicable laws, take such actions as it may deem necessary to solicit consents in any jurisdiction and may extend the consent solicitation to, and solicit consents from, persons in such jurisdiction.

The communication of the Consent Solicitation Statement and any other documents or materials relating to the Consents is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, the Consent Solicitation Statements are for distribution only to persons who: (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”)); (b) are persons falling within Article 43 of the Order; (c) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order; (d) are outside the United Kingdom; or (e) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise may lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). The Consent Solicitation Statement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which the Consent Solicitation Statement relates is available only to relevant persons and will be engaged in only with relevant persons.

The making of the consent solicitation may be restricted by laws and regulations in some jurisdictions. Persons into whose possession the Consent Solicitation Statement comes must inform themselves about and observe these restrictions.

This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America or in any other jurisdiction.

This release contains information that prior to its disclosure may have constituted inside information under Article 7 of Regulation (EU) No 596/2014.

For further information, please contact:

The Information and Tabulation Agent:

Kroll Issuer Services Limited
Tel: +44 20 7704 0880
E-mail: ohigroup@is.kroll.com
Attention: Arlind Bytyqi
Consent Website: https://deals.is.kroll.com/ohigroup

Ivan Coyard
Group CFO
(+351) 910019317
e-mail: ivan.coyard@ohi.pt 

Ubiik slashes cost to deploy pLTE networks in NZ with new products

CHRISTCHURCH, New Zealand, June 3, 2025 /PRNewswire/ — Ubiik, a leading provider of private LTE networks announced today the release of a new base station and LTE router operating in New Zealand’s sub-GHz ISM band (915-928MHz) to support the growing needs of utilities, mining companies and IoT end users.

Having already launched the freeRAN™ base station in the United States, Canada and Australia, this latest release removes a key barrier to entry for pLTE in New Zealand – cost.  Offering the ability to deploy a private 5G LPWA network in the unlicensed 915MHz band without having to purchase spectrum opens up connectivity opportunities across a range of industries such as Utilities, Mining, Oil & Gas, Transport and Construction.

The New Zealand release of Ubiik’s flagship edge router, Pyxis 5G LPWA, also allows end users to connect their field devices to their private network. Offering long range, low power and Power-Over-Ethernet, this router is tailored for IoT deployments and is the ideal solution for stranded utility meters, EV chargers, sensors and security cameras.

Lightweight & low cost pLTE base station solution

Weighing less than 7kg, freeRAN™ is IP67 rated for outdoor mounting, supports PoE and has built-in cellular backhaul along with Ethernet, reducing the equipment footprint and allowing the device to be mounted on existing infrastructure.  The embedded EPC (core network) further lowers the cost of deployment compared with a high-end, macro-LTE solution where the centralised core can dramatically impact the total deployment cost.

Boost to throughput and security

Several technologies have traditionally been used in the unlicensed ISM band in New Zealand (e.g. LoRaWAN®, Wi-SUN®, Wi-Fi HaLow ™ ). However, deploying a private network with freeRAN™ and Pyxis 5GLPWA booststhroughput (>300kbps with Cat-M1) and security (with SIM authentication and encryption).  Furthermore, being fully 3GPP standards-compliant (Release 14 TDD LTE-M), freeRAN™ is compatible with communication modules supporting TDD LTE-M, while Pyxis 5G LPWA provides the ability to roam to public networks for resiliency, an option not available with these other technologies.

“This latest offer for the New Zealand market has been particularly appealing to utilities and industrial users who wish to combine a primary application such as metering or sensors with additional use cases such as security cameras or smart city applications,” says Clément Dieudonné, VP of Global Product Marketing at Ubiik. “The fact that a Ubiik network has been designed to be as quick to deploy as WiFi routers is also very attractive to customers who are keen to trial how a pLTE network could transform their business.”

The team from Ubiik Mimomax will have both the freeRAN™ base station and Pyxis 5GLPWA router on display at their booth #11 at Comms Connect NZ, June 4-6 in Christchurch. Detailed product information can also be found here.

Denim Reimagined for Home, Mobilious Brings Jeans to Your Living Room

LOS ANGELES, June 3, 2025 /PRNewswire/ — Mobilious today unveils three denim-upholstered sofas—Nuvola, Fiorello, and Bluoro—that translate fashion’s most democratic fabric into living-room classics. Drawing on IndigoGuard™ Denim which elevates Turkey’s Bossa Textile expertise and OEKO-TEX® Standard 100 certification, these designs pay homage to three iconic silhouettes (the “Original Cloud” modular, Belgian track-arm slipcover, and a Scandinavian-style modular sofa by industry-renowned predecessors) while addressing the 2.16 million tonnes of annual denim waste through durable, plant-fiber construction. Mobilious taps into the Americana/Cowboycore renaissance sparked by American pop idols, positioning denim interiors not as a passing fad but as a sustainable, versatile décor statement.

Mobilious is dedicated to crafting the world's finest denim sofas.
Mobilious is dedicated to crafting the world’s finest denim sofas.

Denim’s Double Impact: Style Meets Sustainability

Denim is fashion’s bedrock—yet over 2.16 million tonnes of jeans end up in landfills each year, accounting for a significant share of textile waste. By reimagining denim for the home, Mobilious answers growing calls for circular design: upcycled and durable upholstery that sidesteps shrinkage, sagging, and synthetic traces. The trend gained momentum when Etsy dubbed 2024 the “Year of Denim Interiors,” spotlighting over 16,000 home-decor listings in denim—proof that the fabric is migrating from closets to couches. While the use of the fabric itself hasn’t completely skyrocketed, denim hues are increasingly cropping up in 2025’s interiors. Meanwhile, pop-culture moments—from Cowboycore-themed music tours to American celebrities embracing denim—have fueled a broader Cowboycore revival in interiors, marrying rugged textures with modern living.

Mobilious’s Denim Sofa Collection

Mobilious reimagines iconic sofa silhouettes by integrating exclusive IndigoGuard™ denim, delivering a harmonious blend of timeless design and contemporary innovation. Experience the ultimate in comfort with Mobilious denim slipcovered cloud couches—washable, durable, and available in blue or white skirted styles.

Nuvola: The “Original Cloud” Reimagined with Denim

Nuvola honors the legendary Cloud Modular Sofa by an industry-leading predecessor with feather-and-down–wrapped cushions around high-resilience foam cores. Three slipcovered cubes in two depths enable endless configurations, balancing lounge-ready softness with structural support.

Mobilious is committed to surpassing this industry icon by developing the world’s finest denim sofa through its proprietary IndigoGuard™ Denim technology. This innovative fabric is engineered to deliver exceptional comfort while addressing common denim upholstery concerns such as shrinkage and fading. By combining cutting-edge textile advancements with timeless design, Mobilious aims to set a new standard in denim sofa craftsmanship.

The deep, plush seating and luxurious comfort of the original cloud sofa—long beloved by celebrities and design enthusiasts—serves as a springboard. Mobilious elevates the concept by integrating IndigoGuard™ Denim, offering not only superior comfort but also enhanced durability and aesthetic appeal.

Fiorello: Belgian Slipcovered Track-Arm Tribute

Fiorello channels the acclaimed Belgian Track-Arm Slipcovered Sofa of an industry-renowned predecessor—low-slung, deep-profiled, and finished with a removable denim skirt for easy care. Its pastel-washed cushions and softly angled arms evoke an Italian spring, marrying casual repose with gallery-worthy form.

Many users have praised Fiorello for its irresistible sink-in comfort—loved equally by adults, kids, and even pets. Designed as a true sanctuary after a long day, it’s the kind of sofa where drifting off comes more easily than in bed. Whether it’s movie night, story time, or a spontaneous afternoon nap, Fiorello transforms everyday living into effortless relaxation.

Bluoro: Scandinavian-Inspired Slipcover

Bluoro adapts the DNA of a beloved Scandinavian modular sofa—loose cushions, skirted base, and generous proportions—into a denim canvas accented with golden piping. The result is a versatile statement piece that complements coastal, Scandinavian, or modern-farmhouse schemes alike.

Bluoro’s refined silhouette and golden piping elevate denim to the realm of quiet luxury—proving that a denim sofa can indeed be a design indulgence. It’s not only supremely comfortable and built to last, but also a conversation-starter that draws admiration from every guest. Whether it’s a family gathering or an impromptu visit from friends, Bluoro never fails to impress.

IndigoGuard™ Denim and Bossa Textile & OEKO‑TEX® Credentials

Three new sofas of Mobilious are upholstered in Bossa’s renowned premium denim—hailing from Turkey’s heritage mill founded in 1951—and enhanced with our proprietary IndigoGuard™ finish. Every yard of Bossa denim carries OEKO‑TEX® Standard 100 (Product Class I) certification, ensuring each fabric is free from harmful substances, compliant with EU REACH regulations, and meets U.S. CPSIA lead‑limit standards. This plant‑fiber–rich textile delivers a natural, linen‑like hand without shrinkage or sag, making it ideally suited to high‑traffic living spaces.

IndigoGuard™ Denim elevates this heritage fabric through over three years of dedicated R&D. In 128 fabric trials, 60 thoughtfully adjusted chemical formulas, and 47 precision wash cycles, Mobilious perfected a dual‑phase stabilization process: a 60–90 °C pre‑wash deeply cleanses cotton fibers, followed by a tightly controlled dye‑fixation bath using acetic acid, sodium sulfate, and a unique polymer resin to lock in indigo pigments. The result is a breathable, anti‑static, and anti‑microbial upholstery that resists uneven fading, marbling, and “whiskering,” preserving deep, uniform color wash after wash.

Yet IndigoGuard™ retains denim’s soul: over time, it develops a rich, characterful patina—much like full‑grain leather that blossoms with age—so each sofa becomes uniquely yours. Together, Bossa’s OEKO‑TEX®–certified base and our IndigoGuard™ finish ensure Mobilious furniture stands at the forefront of sustainable luxury and enduring style.

Capturing the Denim Decor Moment

Trend authorities forecast denim’s lasting interior appeal: its deep navy palette fosters calm, its rugged weave endures high traffic, and its mix-and-match neutrality plays well with virtually any décor. Mobilious‘s launch arrives as design-minded consumers seek pieces that meld fashion pedigree with responsible manufacturing—proof that denim’s next chapter belongs in the living room.

The three new IndigoGuard™ denim sofas are now available for purchase at the Mobilious official online store: https://mobilious.com/. Mobilious invites you to explore these pieces and bring effortless style and lasting comfort to your living room—transform your space with Mobilious today!

Availability & Press Inquiries:

Mobilious Furniture Atelier

atelier@mobilious.com | (660) 553-8096 | https://mobilious.com/

Recap of the “Shanghai Summer” Global Campaign – Osaka Edition

OSAKA, Japan, June 2, 2025 /PRNewswire/ — On the afternoon of May 21, 2025, the “Shanghai Select – Made in Shanghai Showcase” and the Osaka edition of the “Shanghai Summer” global promotional campaign officially launched at Grand Green Osaka in Umeda, Japan. Mr. Fang Wei, Deputy Consul General of the Chinese Consulate-General in Osaka, attended the event and delivered remarks. He noted, “Shanghai and Osaka share close ties and both serve as major commercial and manufacturing hubs. We sincerely hope the two cities will continue to work hand in hand and elevate our friendship to a new level.”

Mr. Fang Wei, Deputy Consul General of the Chinese Consulate-General in Osaka, delivers remarks at the event
Mr. Fang Wei, Deputy Consul General of the Chinese Consulate-General in Osaka, delivers remarks at the event

Nearly one hundred brand representatives, designers, and media professionals from both Shanghai and Osaka gathered to witness the official opening of the event. As one of the flagship initiatives supporting Shanghai’s ambition to become an international consumption hub, the “Shanghai Summer” International Consumption Season capturing the spirit of “Come, Play, and Shop in Shanghai.”

According to China UnionPay, overseas card spending increased by 68.2% year-on-year during the campaign period, while total offline consumption reached RMB 815.9 billion RMB.

At the opening ceremony, Ms. Yi Zhaojun, General Manager of Shanghai Design Week, introduced key highlights of this year’s campaign, including over 100 citywide events and the launch of the “240-Hour City Experience” product series. A special announcement was also made: the debut of the Shanghai Pass, a co-branded card introduced by Jiushi Group for international visitors. Similar in function to Japan’s Suica card, the Shanghai Pass offers seamless access to public transportation, over 40 tourist attractions, and more than 2,000 participating merchants, enabling visitors to explore the city with ease and convenience.

The event also featured supporting services provided by China Eastern Airlines, UnionPay International and Visa, attracted enthusiastic responses from the local Osaka community and media, who expressed excitement and curiosity about the “Shanghai Summer” campaign and its wide array of services and experiences. Content creator Ei Hatakeda added: “What impressed me most was how the Shanghai Summer offerings break down every aspect Japanese travelers care about—from air tickets and transit to payment and citywide events—into tangible, user-friendly products. With exclusive discounts and creative co-branded designs, it’s very fresh and practical. For influencers like us, it means more storylines to capture, better brand collaborations, and easier trip planning for our followers. I’m looking forward to shooting more vlogs in Shanghai.”

Media Contact: Lulu, media@shanghaisummer.com, +44 7463077291

Photo – https://laotiantimes.com/wp-content/uploads/2025/06/fang_wei.jpg

Recap of the “Shanghai Summer” Global Campaign – Osaka Edition

OSAKA, Japan, June 2, 2025 /PRNewswire/ — On the afternoon of May 21, 2025, the “Shanghai Select – Made in Shanghai Showcase” and the Osaka edition of the “Shanghai Summer” global promotional campaign officially launched at Grand Green Osaka in Umeda, Japan. Mr. Fang Wei, Deputy Consul General of the Chinese Consulate-General in Osaka, attended the event and delivered remarks. He noted, “Shanghai and Osaka share close ties and both serve as major commercial and manufacturing hubs. We sincerely hope the two cities will continue to work hand in hand and elevate our friendship to a new level.”

Mr. Fang Wei, Deputy Consul General of the Chinese Consulate-General in Osaka, delivers remarks at the event
Mr. Fang Wei, Deputy Consul General of the Chinese Consulate-General in Osaka, delivers remarks at the event

Nearly one hundred brand representatives, designers, and media professionals from both Shanghai and Osaka gathered to witness the official opening of the event. As one of the flagship initiatives supporting Shanghai’s ambition to become an international consumption hub, the “Shanghai Summer” International Consumption Season capturing the spirit of “Come, Play, and Shop in Shanghai.”

According to China UnionPay, overseas card spending increased by 68.2% year-on-year during the campaign period, while total offline consumption reached RMB 815.9 billion RMB.

At the opening ceremony, Ms. Yi Zhaojun, General Manager of Shanghai Design Week, introduced key highlights of this year’s campaign, including over 100 citywide events and the launch of the “240-Hour City Experience” product series. A special announcement was also made: the debut of the Shanghai Pass, a co-branded card introduced by Jiushi Group for international visitors. Similar in function to Japan’s Suica card, the Shanghai Pass offers seamless access to public transportation, over 40 tourist attractions, and more than 2,000 participating merchants, enabling visitors to explore the city with ease and convenience.

The event also featured supporting services provided by China Eastern Airlines, UnionPay International and Visa, attracted enthusiastic responses from the local Osaka community and media, who expressed excitement and curiosity about the “Shanghai Summer” campaign and its wide array of services and experiences. Content creator Ei Hatakeda added: “What impressed me most was how the Shanghai Summer offerings break down every aspect Japanese travelers care about—from air tickets and transit to payment and citywide events—into tangible, user-friendly products. With exclusive discounts and creative co-branded designs, it’s very fresh and practical. For influencers like us, it means more storylines to capture, better brand collaborations, and easier trip planning for our followers. I’m looking forward to shooting more vlogs in Shanghai.”

Media Contact: Lulu, media@shanghaisummer.com, +44 7463077291

Photo – https://laotiantimes.com/wp-content/uploads/2025/06/fang_wei-1.jpg

Japan Airlines Selects IFS Cloud to Power Global Aviation Maintenance

Japan’s flagship carrier transitions from legacy vendor to IFS Cloud to support long-term transformation with aviation maintenance and enterprise capabilities

TOKYO, June 2, 2025 /PRNewswire/ — IFS, the leading provider of enterprise cloud and Industrial AI software, today announced that Japan Airlines (JAL), Japan’s flagship airline and one of Asia’s premier carriers, has initiated a project to implement IFS Cloud for Aviation Maintenance, aiming to modernize its aircraft maintenance management system that has been in operation for over 15 years.

IFS Cloud for Aviation Maintenance has a proven track record with major international airlines, offering an integrated solution that combines aircraft, engine, and component maintenance capabilities with corporate functions such as supply chain, spare parts inventory management, finance, and project management. Through this implementation, JAL aims to enhance aircraft quality and operational availability.

JAL set out to transition from on-premise systems to a cloud-based platform designed for long-term scalability—not just to serve a single function, but to support future growth across the business.

An aviation maintenance specialist from IFS’s Aerospace and Defense division, with experience in deployments at other leading organizations, has traveled to Japan to work closely with JAL’s maintenance and IT departments. Together, they will conduct a detailed assessment of operational alignment with IFS Cloud for Aviation Maintenance, with the goal of full implementation.

Scott Helmer, President, IFS Aerospace & Defense, commented: “By choosing IFS Cloud, JAL is adopting a platform built to drive operational efficiency and deliver long-term value through the latest advances in Industrial AI. From predictive maintenance to real-time analytics and workflow automation, IFS Cloud will equip JAL with the tools needed to streamline operations, optimize performance, and scale for future growth in an increasingly competitive and dynamic industry. We are proud to provide JAL with a resilient, AI-powered platform to lead the future of aviation in Japan and beyond.”

IFS Press Contacts:
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: adam.gillbe@ifs.com

NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: mairi.morgan@ifs.com

This information was brought to you by Cision http://news.cision.com.

The following files are available for download:

 

Aon appoints Andy Marcell to serve as CEO of Global Solutions

DUBLIN, June 2, 2025 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, announced today that the firm has appointed Andy Marcell to serve as CEO of Global Solutions.

As CEO of Global Solutions, Marcell now leads Aon’s integrated Risk Capital and Human Capital capabilities across the firm’s Reinsurance, Commercial Risk, Health, Wealth and Talent teams. Marcell will remain as CEO of Reinsurance until John Neal joins Aon on September 1, 2025, and continue to report to Aon President and CEO Greg Case and serve on the Aon Executive Committee.

“Building integrated capabilities to help our clients address risk and people issues is one of the core commitments of our 3×3 Plan to go further, faster in serving urgent client need,” said Case. “Andy has made a tremendous impact integrating our solutions and enhancing the alignment of our Risk Capital and Human Capital capabilities and will advance our strategy to serve clients as one Aon United firm.”

Marcell, who joined Aon in 2015, most recently served as CEO of Risk Capital, where he successfully brought together the firm’s Commercial Risk and Reinsurance solutions. Earlier this month, Aon announced that Lambros Lambrou, previously CEO of Human Capital, now serves as global Chief Strategy Officer, and the firm is conducting a comprehensive search for a successor to lead Human Capital.

“Lambros and the Human Capital leadership team have made tremendous progress integrating our Health, Wealth and Talent teams to deliver differentiated data, insights and expertise,” said Marcell. “I’m looking forward to bringing our Risk Capital and Human Capital teams closer together to address the unprecedented volatility and complexity facing our clients.”

Last month, Aon released the firm’s Client Trends 2025 report, featuring new insights about the interconnectedness of four megatrends – Trade, Technology, Weather and Workforce – driving complexity, volatility and uncertainty for business and society. The second edition of this report highlights how the interconnectedness of these trends necessitates access to integrated data and analytics, capabilities and expertise to effectively respond to increasingly linked risk and people issues.

Marcell will present at the firm’s upcoming Investor Day on June 9, 2025, where he will speak to the firm’s integrated approach to serving clients across Risk Capital and Human Capital.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedInXFacebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

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Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.