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Vientiane Capital Sees Rise in Untraceable Covid-19 Infections

Covid-19 Update

Laos has confirmed 19 new cases of Covid-19 today, bringing the total number of cases to 1,782.

Foodpanda Assists National Operations Center for Covid-19

foodpanda assists the national operations center for Covid-19 nationwide! Total value of 120,000,000 kip!

Ms. Thanyalat Chaleunsouk, Managing Director of Delivery Hero (Lao) Sole Co., Ltd. or foodpanda, donated medical equipment to the National operations center of Covid-19 at the Ministry of Public Health, represented by Dr. Bounpheng PHOMMALAYSITH, Minister of Public Health for receiving.

Ms. Thanyalat also said that the donation of medical equipment was to assist and facilitate the national operations center for Covid-19, doctors and police officers who are dedicated and work hard in preventing the spread of Covid-19 in Lao PDR, which is worth 120,000,000 kip.
1. 500 boxes of face mask
2. 300 boxes of 500ml hand sanitizer
3. 100 thermometers
4. 400 sets of PPE suit

In addition, the equipment will be delivered by foodpanda itself to the provincial task force in each province soon.

Enviro-Hub to fully acquires glove making subsidiary Pastel Gloves

SINGAPORE / KUALA LUMPUR, MALAYSIA Media OutReach – 21 May 2021 – Enviro-Hub Holdings Ltd (SGX:L23) has announced the proposed acquisition of the remaining 75 per cent share capital of its 25 per cent associated company, Pastel Glove Sdn. Bhd. from existing shareholders (“PGSB” or the “Target“) for a total consideration of S$46.8 million, payable 50 per cent in cash and 50 per cent in new shares in the Company. The Proposed Acquisition shall be subject to, inter alia, the Company and the vendors enter into definitive agreements on terms to be agreed.

Under the term sheet, Enviro-Hub will pay cash consideration of S$23.4 million, and further issue 292,500,000 new shares at a pre-determined issue price of S$0.08 per share for a total subscription price of S$23.4 million. Of the total S$23.4 million cash consideration, 25 per cent (S$5.85 million) will be paid on the completion of the deal and the remaining S$17.55 million will be paid on a staggered basis upon the Target’s achievement of performance guarantee of US$18 million over the period of fiscal years 2021-2023. There will be a one-year moratorium for all the 292,500,000 consideration shares issued during which the consideration shares may not be sold or transferred.

PGSB, which is based in Malaysia, is primarily involved in the manufacture and trading of rubber gloves. Enviro-Hub had made an initial investment in PGSB in January 2021 by way of a subscription of an initial 25 per cent equity stake in the Target for approximately US$0.125 million in equity and the grant of a US$4.875 million interest-free shareholders’ loan to PGSB.

As previously announced by the Company on 16 March 2021, in February this year, PGSB had installed and commissioned its first automated glove-dipping line. A total of six production lines with an expected production capacity of 1.42 billion gloves per annum are expected to be operational by September 2021.

Following the acquisition, the founders of PGSB, Mr. Law Siau Woei, and Mr. Choo Kuan Ping, will remain in charge. The founders have over 20 years of experience in the gloves manufacturing industry. Prior to setting up PGSB, Mr. Law and Mr. Choo were involved in the glove supply business as traders, with a network of global multinational customers. Once the deal is completed, Mr. Law will be substantial shareholder in Enviro-Hub, thus aligning his interest strongly with shareholders of EHH.

“The COVID-19 pandemic has resulted in an unprecedented increase in the demand for gloves and Personal Protective Equipment (PPE), due to the increasing usage of gloves to protect healthcare professionals, and the heightened hygiene standards at Food and Beverages (F&B) establishments, hospitality, and travel sectors. The recent resurgence in global COVID-19 cases and supply shortage in the US will continue to support elevated average selling prices (ASPs) for gloves, which bodes well for glove makers,” Adrian Toh, Enviro-Hub’s Chief Investment Officer (“CIO”) said.

According to Hong Leong Investment Bank[1], demand for rubber gloves is expected to remain elevated with their increased usage in vaccination programmes around the world more than offsetting the decline in gloves used for testing. This will help to keep ASPs high as there remains a supply shortage of gloves of about 12.4 billion for 2021 despite new entrants and industry players ramping up production capacities. Hong Leong Investment Bank estimates that global herd immunity could take as long as 5 years, and this could provide support for glove demand in the medium term.

“Once the deal is completed, the Group will have absolute control of the lucrative glove operation of PGSB which will not only generate a strong bottom-line but also positive cash flow. The cash flow will help the Group expand its new healthcare products business line. The management team from PGSB has a wealth of experience in the PPE business and they are committed to growing the healthcare products business division in Enviro-Hub rather than just focusing on PGSB. Their know-how in sophisticated clean room and medical gloves set-up will aid our expansion efforts by way of acquisition and/or organic growth in our healthcare products business line,” Executive Chairman of Enviro-Hub, Mr. Raymond Ng (“Mr. Ng”) said.

The Executive Chairman noted that the proposed PGSB acquisition is in line with Enviro-Hub’s strategy of pivoting its business towards healthcare products supply and trading, and recycling & refining E-waste/metals to provide additional and recurring revenue streams for the Group. “Going forward our focus will be on, PPE products such as latex and nitrile gloves for medical and industrial use. We will also focus on medicine, medical consumables, and other healthcare-related products,” Mr. Ng said.

On 18 May 2021, the Company had also announced that its 51 per cent indirectly owned subsidiary, QF 4 Pte. Ltd. had, on 14 May 2021, granted an option to purchase to Extra Space Hillview Pte. Ltd., for Extra Space Hillview Pte. Ltd to purchase its property units at Lam Soon Industrial Building at a consideration of approximately S$35.3 million. Please refer to the Company’s announcement dated 18 May 2021 for further information on the grant of the said option to purchase.

Note to media: Please read this press release in conjunction with the Company’s announcement released on SGXNet.



[1] https://www.thestar.com.my/business/business-news/2021/02/17/vaccination-and-testing-to-drive-glove-demand-price

About Enviro-Hub

Singapore-listed Enviro-Hub Holdings Ltd (“Enviro-Hub“) has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove Sdn. Bhd., marking the Group’s foray into the glove manufacturing and healthcare consumables sectors.

For more information, please visit us at http://www.enviro-hub.com/

#Enviro-Hub

Meal replacement startup Sustenance is shaking up the meal shakes industry in Singapore and APAC

HONG KONG SAR – Media OutReach – 21 May 2021 – Gautam Param and Leon Chen started meal replacement company Sustenance to solve this key issue that most of us are facing – “I wanted a simple way to eat healthy without putting my diet at the center of my life. I didn’t like other options in the market, they had lots of artificial junk and were too far away from nature to be considered an actual meal.”

Sustenance’s extra-rich cacao shakes

Noting this gap in the market, the duo wanted to offer people with minimally processed products that use real food ingredients from premium suppliers. Their products contain plenty of protein and fiber and minimal bad stuff like saturated fat and artificial junk.

“The idea behind Sustenance is simple — we want to make it simple and painless for people to eat healthy. We want to empower people to lead healthy, disease-free lives without having to put diets at the centre of their lives,” said Gautam.

Gautam added that Sustenance is suitable for time-starved people like busy workers who prefer quick, yet healthy meals. There are also some who turn to Sustenance to incorporate it as part of their diet to lose weight.

The winning factor of Sustenance over a conventional meal is its convenience. If you are short on time, can’t find affordable options or healthy food around you, then Sustenance’s meal shakes make a good alternative to unhealthy food.

“Science has established that consistently eating healthy is a behavioural problem, not a knowledge problem. People know what eating healthy means, but they struggle with doing it consistently in the long run because of the hassle.”

“Nobody wants to spend their lunch break queuing (up for food), spend a bomb eating grain bowls every day, or spend an hour cooking and cleaning up during weekdays. If we can reduce the friction to eating healthier, many people would eat healthier more consistently.”

This is the unique proposition of meal replacements – they serve as a “backup option” that is readily available anytime, anywhere.

Most of their customers started out as non-believers who never tried any meal replacements before. However, after buying and trying their products, they instantly became converts.

“These people who were initially on the fence end up being regular customers and making many repeat purchases. They would then recommend it to their family and friends — this is our main source of growth.”

Its pool of customers has grown to several thousands over the past 12 months, and its products are rated 4.9 out of 5.0 stars across hundreds of reviews on Google and Facebook. Many of these reviews talk about the unexpected deliciousness of the shakes despite its green appearance, and how filling they are.

The company has grown by more than six times in 2020 and started selling in Hong Kong and Australia in March 2021. They plan on entering two more markets by the end of 2021.

#Sustenance

Deputy Mayor Clarifies Covid-19 Lockdown Measures for Vientiane Capital

Vientiane Capital

Laos has confirmed 12 new cases of Covid-19 today, bringing the total number of cases to 1,763.

Vietnamese Community Confident in Laos Covid Response

Vietnamese community feels safe in Laos
A Vietnamese temple in downtown Vientiane (Photo: Jason Rolan)

The Vietnamese Community in Laos and China have expressed their confidence in authorities’ policies for containment of Covid-19.

ERA Singapore Participates in Singapore Property Show 2021, the nation’s largest virtual real estate show

SINGAPORE – Media OutReach – 21 May 2021The Singapore Property Show (SPS) is back from 13 to 30 May 2021 for a bigger edition this year! SPS 2021 will offer more than 25 of the latest launched private property projects for sale through a fully digital experience, in a collaboration between Mediacorp, 99.co, and an expanded slate of leading real estate agencies including ERA Singapore.

Potential buyers and investors can look forward to narrated tours of virtual show flats and webinars by real estate experts at SPS 2021, as the property industry continues to adapt to shifting consumer preferences for virtual viewings and digital transactions. This follows the success of last year’s show, which saw total engagement exceeding 1.78M users over four weekends [1].

ERA’s top management and industry frontrunners will offer insider tips and insights on real estate trends through a comprehensive series of webinars, while Mediacorp will amplify public awareness and engagement through publicity across its extensive multiplatform network. 99.co, the host portal, will showcase selected developments via virtual tours and webinar signups on its portal.

Over two consecutive weekends starting 22 May, a series of 40 webinars will be helmed by an expansive network of industry experts. These webinars will walk attendees through virtual open houses and cover wide-ranging topics of interest to home buyers and property investors, with highlights as follows:

Date & Time

Topics

22 May | Saturday | 11.30am

Maximising Home Ownership with the Right Investment Mindset

By Kevin Lim, Chief Agency Director of ERA Singapore

22 May | Saturday | 4.30pm

Golden Opportunity to Own Riverfront Living

By Zac Huang, Advisory Group Division Director of ERA Singapore

23 May | Sunday | 11.30am

Increasing Your Wealth Through Property Investment

By Jack Chua, Chief Executive Officer of ERA Singapore

23 May | Sunday | 1pm

3-step Framework to Design Your Real Estate Roadmap

By Eugene Koh, Advisory Group Division Director of ERA Singapore

23 May | Sunday | 4.30pm

5 Factors to Consider Before Buying An Investment Propery

By Neo Chee Seng, Executive Group Division Director of ERA Singapore

23 May | Sunday | 5pm

Panel Discussion: Primary School Priority Admission

With Chris Chen, Advisory Group Division Director of ERA Singapore

29 May | Saturday | 1.30pm

The New Rich Luxury Home Buying Trend

By Kevin Lim, Chief Agency Director of ERA Singapore

30 May | Sunday | 10.30am

Asset Acceleration

By James Poh, Senior Division Director of ERA Singapore

30 May | Sunday | 1pm

5 Growth Opportunity Trends in the West Region

By Alex Lim, Advisory Group Division Director of ERA Singapore

30 May | Sunday | 3pm

Panel Discussion: Owning Multiple Homes: Far-fetched Dream or Achievable Goal?

With Ryner Koh, Advisory Group Division Director of ERA Singapore

Property hunters may also sign up for virtual or live tours of selected developments. All SPS 2021 project listings will include virtual tours of online show flats, with voiceover introducing viewers to notable features of the units. As viewers navigate the virtual unit, their locations within the unit will be continually updated on a “smart” floor plan at the corner of their screens.

Instant mortgage calculators will provide property seekers with an immediate indication of the financial considerations for their unit of choice.

99.co Chief Executive Officer Darius Cheung said: “We had overwhelming demand from both consumers and exhibitors last year and it’s clear that online exhibition is the default way to go moving forward – enabling home seekers to learn and explore conveniently and safely at home. This year’s show is bigger and better and is the place to go for consumers looking to buy a home!”

Mediacorp Chief Commercial and Digital Officer Parminder Singh said: “We are thrilled to be working with a larger pool of like-minded partners in reshaping the property-buying experience in Singapore this year. By leveraging our wide omnichannel network, Mediacorp will be able to ramp up public awareness of the show and offer partners unprecedented access to untapped audiences. In the process, we hope to do our part to empower consumers in making informed decisions in their property purchases, promote digitalisation of the real estate ecosystem and boost economic activity in the property sector.”

ERA Singapore Chief Executive Officer Jack Chua said: “Our commitment to being the best in our professional service aligns with the enlarged vision of the Singapore Property Show. Homebuyers can now look forward to a higher level of real estate advisory; and we hope consumers can also enjoy an elevated virtual home buying experience via our digital tech tools, such as iERA Robo Advisor and RealtyWatch by ERA, whichhave enabled ERA trusted advisers in their digital engagements with our customers throughout this pandemic.”

Sign up for weekly webinars and live or virtual property tours by visiting http://bit.ly/ERASPS2021

[1] Source: Google Analytics and Facebook. Period considered: 10 October to 1 November 2020.

About ERA Singapore

ERA Singapore is the largest international agency in Singapore and has been setting and redefining industry standards through the pioneering of real estate concepts, technologies, initiatives and services since its inception in 1982.

As a wholly-owned subsidiary of SGX Mainboard Listed APAC Realty Limited, ERA Asia Pacific has a vast network of offices with over 18,000 trusted professionals across 10 countries: Singapore, Cambodia, China, Indonesia, Japan, Malaysia, South Korea, Taiwan, Thailand and Vietnam.

In Singapore, we have over 8,000 associates providing a diverse range of professional services and solutions for: Private and HDB residential resale, residential leasing, project marketing, commercial and industrial, property management, auction, valuation and research.

Through Ultimate Agent Training Programme, a series of specially-curated training courses developed for ERA teammates, they are able to revolutionise their skills, equip themselves with the latest trends and insights of the property market, and stay ahead of the competition. With close to four decades of experience, extensive network and innovative technological tools, the company has secured innumerable dream homes for its customers in Singapore and around the world.

Recent accolades are testaments to the company’s diligence – ERA Singapore was the first and only agency awarded the 5-Star Best Real Estate Agency (Single Office) in Singapore by Asia Pacific Property Awards; Singapore’s Most Trusted Brands by Asia Reader’s Digest; Top Property Agency by Influential Brands; Most Innovative Real Estate Agency by SBR Listed Companies Awards; Favourite Real Estate Agent (Gold) Award by Expat Living Readers’ Choice Awards; Marketing Agency Excellence Award at EdgeProp Singapore Excellence Awards; and Best Luxury Real Estate Brokerage in Singapore by Luxury Lifestyle Awards. For more information, visit https://www.era.com.sg

ERA Realty Network Pte Ltd

Estate Agent License No. L3002382K

450 Lor 6 Toa Payoh

#03-01 ERA APAC Centre

Singapore 319394

#ERASingapore

Vientiane Residents Lodge Complaint About Harmful Wastewater

Wastewater spillover causes bad smell

Residents of Nonghai Village in Vientiane Capital have complained that wastewater from nearby factories may be harming their health.