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China Dynamics Changes Name to Ev Dynamics

HONG KONG SAR – Media OutReach – 27 July 2021 – China Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “China Dynamics” or the “Group”), which provides new energy vehicles and technology integrated solutions, has changed the name of the Company from “China Dynamics (Holdings) Limited” to “Ev Dynamics (Holdings) Limited” and the secondary name of the Company in Chinese from “中國動力(控股)有限公司” to “科軒動力(控股)有限公司” to better reflect the current status of the Group’s business development and its direction of future development.

 

Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, “The Group is to globalise its electric vehicles to world markets, including and not limited to Mainland China, Hong Kong, Asia Pacific and South America. Through the dynamic environment of pure electric vehicle development, it is also the Group’s aim to become an environmentally friendly enterprise. We believe that the new name can provide the Company with a more appropriate corporate image and identity which will benefit the Group’s business development.”

 

The stock short name of the Company for trading in the shares on The Stock Exchange of Hong Kong Limited will be changed from “CH DYNAMICS” to “EV DYNAMICS” in English and from “中國動力控股” to “科軒動力控股” in Chinese with effect from 27 July 2021.

 

About Ev Dynamics (Holdings) Limited (Stock Code: 476)

Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.

#EvDynamics

Government to Continue Compensating Residents Affected by Laos-China Railway

Laos-China Railway compensation

The Lao government will provide over LAK 465 billion in compensation to those who have been affected by the Laos-China railway project.

EVA Pharma: Supporting India Amid COVID-19 Surge

CAIRO, EGYPT – EQS Newswire – 27 July 2021 – EVA Pharma’s (www.EVAPharma.com) timely shipments of Remdesivir reached India during a major wave of coronavirus cases.

When India experienced an unexpected COVID-19 surge this spring, the rapid increase in cases put pressure on the local pharmaceutical industry to supply the medicines needed. In April, EVA Pharma signed a contract with the Indian government to export 300,000 vials of Remdesivir, an approved treatment for coronavirus, to meet the urgent needs there.

Six shipments of Remdesivir were flown to Mumbai between May and June and were subsequently dispatched to hospitals across India, reaching patients everywhere from major cities to the remote archipelago of Lakshadweep.

“I’m glad to say that the six consignments in which the Remdesivir was dispatched to India were not only sent on schedule but in all cases before the schedule,” commented Ambassador Ajit Gupte, India’s envoy to Egypt. “This was a period when the caseload was very high in India, and the shipments would have helped to save a lot of lives.” 

EVA Pharma is the only company in the Middle East or Africa that has been granted a voluntary license to produce and distribute Remdesivir by Gilead Sciences, Inc, the owner of the molecule. The production lines at the EVA Pharma facility in Haram, Cairo, are certified by the European Medicines Agency (EMA), enabling the company to export its products globally. 

COVID-19 cases in India have since declined, reducing the immediate pressure on local health systems and supply lines. Cases in other countries have gone up in recent months, however, especially due to the spread of the Delta variant. As a result, EVA Pharma has increased its exports of Remdesivir to other Asian countries such as Indonesia.

“We are proud to support COVID-19 efforts both in Egypt and around the world by manufacturing Remdesivir at our world-class manufacturing facility in Cairo,” said Dr. Riad Armanious, CEO of EVA Pharma. “With our monthly production of Remdesivir now amounting to 1.5 million doses, we are able to meet the local needs of Egyptian patients while also helping other countries tackle this crisis. In fact, we now supply more than 20 countries around the world with Remdesivir.”

The success of the cooperation between EVA Pharma and India highlights the potential for further fruitful collaboration between emerging economies, especially during times of need.

“As developing countries, what I can say is India and Egypt face similar challenges,” said Ambassador Gupte. “One of the challenges we face is how we can provide affordable health care to our millions of people because we are populous countries. Cost is important. So I think the closer the cooperation between India and Egypt, the more we will be able to help provide basic needs for the people of our countries.” 

About EVA Pharma

EVA Pharma, one of the major multinational pharmaceutical companies headquartering in Cairo, Egypt while operating in more than 40 countries and one of the fastest-growing pharmaceutical companies in the MENA region. The company has partnerships with some of the leading international pharmaceutical names the world over and has a presence in 41 countries throughout the region. With a 3,000-strong team of some of the region’s most competent pharmaceutical professionals, EVA Pharma produces an average of 350,000 packs of more than 185 different drugs daily. Its state-of-the-art facilities are equipped with cutting-edge technology and are internationally recognized for innovation and the highest international quality standards.

To learn more about EVA Pharma, please visit: www.EVAPharma.com

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#EVAPharma

Cyberport Academy launches Green Finance Speaker Series to promote the development of Green FinTech

HONG KONG SAR – Media OutReach – 27 July 2021 – Cyberport Academy will host a Green Finance Speaker Series to promote green finance in Hong Kong with FinTech support in light of the rise of green finance. Cyberport believes that FinTech can empower the development of green finance and is committed to playing a role in promoting green FinTech to strengthen Hong Kong as an international financial centre.

 

Eric Chan, Chief Public Mission Officer of Cyberport, says Cyberport has a good number of community members focused on green FinTech and will play a key role in promoting Hong Kong as a leading green FinTech Hub.

 

The Green Finance Speaker Series will be launched this Thursday (29 July). Two other sessions are scheduled on 12 and 19 August. It strives to provide the latest knowledge of green finance development, with each session covering various topics from the historic development of international policies and recent developments in Asia and Hong Kong during the Pandemic to recognised successful European case studies with the integration of technology. The details of the Series are as follows:

  • The first session “Green Finance: Overview The Best Practice, International Policy and Measures” will be chaired by Dr William Yu, CEO of World Green Organisation
  • The second session “Sustainability-related financial risks in Hong Kong and Asia amid Pandemic Era” will be chaired by Dr Glenn Frommer, Founder of ESG Matters
  • The third session “See a Problem, Measure It and Fix It” will be chaired by Arnaud Picut, Head of Global Risk Management Practice at Finastra, and Dr Leonid Bogachev, Associate Professor of Reader in Probability at the University of Leeds

The Organisation for Economic Co-operation & Development (OECD) estimates that as much as US$7 trillion will be needed each year until 2030 to meet climate and development objectives. This creates huge demand for green finance. Additionally, according to the “Hong Kong Green Bond Market Briefing 2020” report issued by Climate Bonds Initiatives, Hong Kong’s green debt market maintained growth in size and diversity last year. Hong Kong Exchanges and Clearing Limited also continues to enhance the ESG requirements of listing companies while investors are increasingly more demanding in investments to perform well in environmentalism and sustainability. With FinTech’s role in propelling green finance, FinTech will be significant in such developments as well.


Eric Chan, Chief Public Mission Officer of Cyberport, said,”When financial investments flow into sustainable development projects and initiatives, environmental products, and policies that encourage the development of a more sustainable economy, the market requires efficient tools for collecting, monitoring and analysing data for better investment decisions. FinTech delivers such solutions. Cyberport has a good number of community members focused on green FinTech and will play a key role in promoting Hong Kong as a leading and green FinTech hub.”

Cyberport is a member of the Working Groups under the newly established Centre for Green and Sustainable Finance by the Hong Kong Monetary Authority-led Green and Sustainable Finance Cross-Agency Steering Group. With the objective of helping the financial industry manage the risks and capture the opportunities presented by combating climate change, the Centre is a cross-sector platform which coordinates the efforts of financial regulators, Government agencies, industry stakeholders and academia in capacity building, thought leadership and policy development. It will also serve as a repository for resources, data and analytics which supports the transition to more sustainable development.


Arnaud Picut, Head of Global Risk Management Practice at Finastra, said, “There will be no progress in green finance without a strong FinTech community. Cyberport is making a lot of progress and has taken green finance as one of the major streams of development. With a strong investment and focus from different government bodies, Hong Kong will catch up quickly with the leader. Financial institutions can employ FinTech within green finance operations to better analyze costs and efficiency and increase data authenticity.”


Dr William Yu, Chief Executive Officer of World Green Organization, said, “Green finance helps provide funds to address different environmental challenges, turning them into investment opportunities via structural financial activities and instruments. With the advancement in technology experienced in FinTech, technology will play a key role in shaping our future financial services. For example, blockchain applications will enhance transparency in sustainability efforts, creating reliable records in environmental projects. UN Sustainable Development Goals (SDGs) could also be a reference, and serves as a universal agenda that applies to all countries at the national and local level.”


Dr Glenn Frommer, Founder of ESG Matters, a Cyberport incubatee, said, “With green finance growing rapidly, its potential as the next frontier in the FinTech ecosystem is unquestionable. FinTech is a critical enabler for green finance, starting with the mass of ESG data needed to be considered for financial investments. We are hopeful that ESG data quality and availability will improve. With the continued growth of green and sustainable finance, we will likely see further development of the green FinTech landscape globally.”

Registration for the event can be completed through Cyberport Academy’s website five days in advance at the latest. The sessions will be free and have duration of 1–1.5 hours. Any enquiries should be directed towards training@cyberport.hk.

 

For high resolution photos, please download via this link.

About Cyberport

Cyberport is an innovative digital community with over 1,650 start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups on their growth journey, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital transformation in the public and private sectors.

For more information, please visit www.cyberport.hk.

#Cyberport

GeTS Launches CALISTA inventory financing Platform, Integrated with SGTraDex, to Digitalize and Streamline Singapore’s Oil Storage Financing

SINGAPORE – Media OutReach – 27 July 2021 – Global eTrade Services (GeTS), a global trade platform company, announced today the launch of CALISTA inventory financing (CIF) – one of the first platforms to be integrated with the Singapore Trade Data Exchange (SGTraDex) to simplify information flows through the global supply chain ecosystem via a shared data stream.

SGTraDex is a new exchange recently launched by the Singapore Government that was conceptualised by the Alliance for Action (AfA) to address Supply Chain Digitalisation.  AfA for Supply Chain Digitalisation is one of the seven Singapore Together Alliances for Action (AfA) set up in June 2020 under the Singapore Government’s Emerging Stronger Taskforce (EST).  The initial use cases of the exchange (SGTraDex) are to strengthen financing integrity of trade flows, enhance end-to-end visibility of container logistics flows, and digitalise the bunkering industry.  GeTS developed CIF through the AfA for Supply Chain Digitalisation.

Created to simplify and optimise business processes for oil storage financing, CIF is an end-to-end platform that collaborates with various commodity trading companies, banks, and terminals. CIF enables secure and transparent transfer of real-time trade finance data and provides an auditable log of records for users to easily track changes made to a trade.  The integration with SGTraDex facilitates the sharing of case data from CIF amongst multiple stakeholders in a more efficient and streamlined manner. Users can also easily provide or use data on SGTraDex via the SGTraDex API integration or SGTraDex Pitstop web portal, where the data exchange is consent-driven.

Andy Loh, Head of Commercial at Oiltanking Asia Pacific said: “The implementation of the CIF platform adds significant value to the storage and terminalling industry.  The platform provides more transparency and efficiency in the digitalised workflow, by tracking trade financing approvals of all parties in the supply chain. As an international storage logistics provider with a strong footprint in Singapore and founding partner of SGTraDex, we are proud to partner with GeTS in taking this collaboration to the next level.”

The ability to get direct access to trade data enables banks to have increased visibility on goods movement, easily verify trade legitimacy, and mitigate trade-related frauds.  Simplified trade procedures and data harmonization allow traders to plan their operations efficiently to better save costs. 

John Chen, Head of Commodity Sales, ASEAN at Standard Chartered said: “As one of the advisers in the development of CALISTA inventory financing, we are excited about the value-add this new digital platform will bring to the commodity-trade financing ecosystem.  The increased access to data about inventories will enhance transparency throughout the supply chain, and enable banks to extend financing more securely and more efficiently, facilitating greater access of funds for a bigger pool of traders.”

So Lay Hua, Managing Director and Head of Group Transaction Banking of UOB said: “Our clients will benefit greatly from the launch of CIF with SGTraDex.  With digitalisation and infrastructure interoperability, our clients will also have greater confidence in their supply chains through increased transparency and access to real-time information of goods held in storage. As UOB continues to open doors to Asia for businesses, we believe that this digitalised approach to supply chain finance will be a game changer in how we connect with our clients and support their cross-border needs.”

Chong Kok Keong, CEO of GeTS said: “We are proud to be working alongside industry stakeholders to develop CIF and delighted to integrate our CIF platform with SGTraDex for a more seamless, secure and transparent document exchange process for our users.  This integration is also in line with SGTraDex’s roadmap to address and alleviate fraud risks in Singapore’s commodity trading sector.”

About GeTS

Global eTrade Services (GeTS) is a wholly-owned subsidiary of CrimsonLogic. As a global leading trade platform company, GeTS is shaping the future of trade and supply chain with its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely. Thus, powering global trade by making it more accessible, predictable and easier to fulfil. GeTS has linkages to more than 60 Customs nodes, 90 ocean carriers & NVOCCs across the world, with more than 175,000 connected parties and conducting more than 40 million transactions annually.

#GeTS

Hong Kong based Rare Whisky Holdings agrees investment deal with Scottish whisky auction house Whisky Hammer

HONG KONG SAR – Media OutReach – 27 July 2021 – Rare Whisky Holdings, a whisky investment group managed out of Hong Kong has bought a 49% stake of the online whisky auction site, Whisky Hammer, and its sister ecommerce business Still Spirit, paving the way for global expansion of the family run Scottish business.

Li Hau TAN and Rickesh Kishnani, co-founders of Rare Whisky Holdings

Rickesh Kishnani, co-founder of Rare Whisky Holdings is the entrepreneur behind the successful Platinum Whisky Investment Fund, the first private equity fund in the world to focus on rare single-malt whiskies. The Platinum Whisky Fund originally launched in 2014 in Hong Kong, raised USD 12 million and is in the final stage of its wind down, exiting at over USD 24 million.

Rare Whisky Holdings also owns The Glenor Cask Company, which holds over 1,000 casks of maturing Scotch whisky from a range of top distillery brands.

Private whisky cask ownership has grown in popularity in the past two years, particularly in Hong Kong and Singapore, with many private clients choosing to buy a cask of whisky from a special vintage to store for the long term or to have their own private bottling to use for gifting.

The multi-million-dollar investment and partnership will provide registered members of Whisky Hammer and Still Spirit exclusive access to a full range of cask opportunities.

Whisky Hammer was started in 2016 by brothers Daniel and Craig Milne who are originally from Macduff, near Speyside in Scotland, famous for the production of single malt whiskies such as The Macallan, Glenlivet, and Balvenie.

Whisky Hammer hosts monthly online auctions, dedicated to whisky and other fine spirits, drawing customers from every corner of the globe. It has auctioned a wide range of whiskies, both bottles and casks, with auctions selling in excess of £1 million under the hammer each month.  

A recent feature included the 31-Year-Old Black Bowmore ‘DB5’ collaboration with Aston Martin, distilled in 1964 and sold for a hammer price of £81,000 in March 2021.  

The customer base of Whisky Hammer is an extensive global network of whisky enthusiasts who buy and sell on the platform, resulting in a 70% growth in revenue in 2020. One main driver of this growth has been customers from Asia, growing by 64% annually, with Hong Kong, Singapore, and Taiwan leading the way.

Whisky Hammer re-located in 2019 to a new, purpose-built facility in Aberdeenshire, which is also home to Still Spirit – a whisky shop, e-commerce site and dram bar offering over 100 rare whiskies to taste while overlooking the beautiful Scottish countryside. Rare Whisky Holdings will be providing Asian customers with customized VIP whisky trips to Scotland starting in 2022.

Rickesh Kishnani, Co-Founder of Rare Whisky Holdings commented “Our investment group is proud to join the Milne family business and help with their expansion to Asia, where the demand for whisky continues to grow at a rapid pace. We are also excited to use this new partnership to provide Whisky Hammer and Still Spirit members with exclusive access to our collection of aged casks.”

Daniel Milne, Managing Director of Whisky Hammer and Still Spirit said: “This is a very exciting time for our business. The transaction signifies an important bond with our new partner that will rapidly bring the group a much larger presence across Asia as well as exclusive access to casks for our members.”

 

Legal support was provided for the transaction by Goodwin Proctor LLP (acting on behalf of the buyer) and Brodies LLP (acting on behalf of the sellers).

Follow Whisky Hammer on @whiskyhammer on Facebook and Instagram.

#RareWhiskyHoldings #WhiskyHammer

Laos Records Sixth Covid-19 Death

23-year-old woman dies of Covid-19 in Savannakhet

Laos has confirmed its sixth death as a result of Covid-19 in Savannakhet Province.

Laos Sees Over 5,000 Total Cases of Covid-19

Covid-19 Update

Laos has confirmed 169 new imported cases of Covid-19 today, bringing the total number of cases to 5,154.