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Arcadis shines at Europa Awards 2025 with Green Buildings category victory

MANILA, Philippines, April 10, 2025 /PRNewswire/ — Arcadis, a global leader in sustainable design, engineering, and consultancy, has won the Green Buildings category at the 2025 Europa Awards. Hosted by the European Chamber of Commerce of the Philippines (ECCP), the ceremony was held 3 April 2025 during the Sustainability Forum at the Raffles and Fairmont Hotel in Manila.

The ECCP’s Europa Awards recognize companies that demonstrate exceptional performance and contributions in promoting sustainability in line with global standards and the Philippine Development Plan.

Arcadis earned this recognition through its comprehensive approach to sustainability, particularly extensive work in green building certifications, and its robust sustainability strategy and culture, commitment to innovation, and measurable sustainability impact.

Katherine Ann Resurreccion, Arcadis Service Line Director for Sustainability Solutions, said: 

“I am honored to accept this award. Our Sustainability Solutions team was formed in 2008, when building certifications like LEED were virtually unheard of in this country.

“When I joined in 2012, we had to explain not just to developers but also to designers, why sustainability is worth the investment.

“Fast forward to 2025, and the building industry is so different. Clients will come to us and say their buildings are “LEED-ready”. We have learned so much, and in our team’s 17 years of working in this industry, have contributed to avoiding more than 300 billion kilograms of carbon dioxide emissions through the projects we deliver – a figure we hope can inspire everyone to see what’s possible when we stand by a collective sustainable vision.

“This award is testament to the hard work and dedication of our team, and those who work alongside us. With only 25 years to 2050, and five years to 2030, we must continue to work toward a net zero world.”

Arcadis has been at the forefront of green building consulting since 2008, with a track record of successfully certifying approximately 1.8 million square meters of gross floor area under LEED and other certification systems.

In 2024, Arcadis expanded from sustainable building consulting to offer a comprehensive suite of sustainability solutions. This encompasses Sustainability Advisory for ESG and Net Zero, Energy and Life Cycle Analysis, Carbon Accounting, and Sustainable Building Certifications – aligning with Arcadis’ 2024-2026 strategy to accelerate a planet positive future.

About Arcadis

 

Manhattan Named a Leader in 2025 Gartner® Magic Quadrant™ for Transportation Management Systems for the Seventh Consecutive Year

SYDNEY, April 10, 2025 /PRNewswire/ — Manhattan Associates Inc. (NASDAQ: MANH), a global leader in supply chain commerce solutions, announced today that it has been named a Leader in the Gartner Magic Quadrant for Transportation Management Systems for the seventh consecutive year.

With the growing complexity of supply chains, it has become critical for enterprises to better orchestrate transportation and distribution processes with a unified supply chain execution solution. Manhattan’s cloud-native technology, microservices-based architecture and unified platform provide supply chain and logistics professionals with a distinctive and advanced technology architecture that stands apart from legacy, portfolio offerings in the market. By doing away with silos, it delivers real-time visibility into shipments, offers predictive analytics for better decision-making, delivers the ability to automate manual processes and ultimately eliminates inefficiencies, which is a definite game-changer for companies operating in complex and demanding environments.

“We are delighted to be recognised by Gartner as a Leader in TMS,” said Bryant Smith, director of Product Management for Manhattan Associates. “This ongoing leadership reflects our commitment to continuous innovation, customer success, and excellence in supply chain execution. We deliver speed and value across various transportation functions and leverage advanced intelligence to solve the largest and most complex transportation challenges.”

Latest additions to the cloud-native Manhattan Active TM include GenAI capabilities to the platform, and unification of Manhattan Active Yard Management with TMS. It can already be combined with Manhattan Active Warehouse Management, and Labor Management providing companies with a complete, simplified, and unified supply chain execution system that continuously adapts and scales to business needs, and provides a single, comprehensive view of the distribution network, unlocking optimisation opportunities that are impossible with traditional siloed offerings.

To download a complimentary copy of the Gartner Magic Quadrant for TMS report, please click HERE.

Receive up-to-date product, customer and partner news directly from Manhattan on LinkedIn.

Gartner Disclaimer:

Gartner, Magic Quadrant for Transportation Management Systems, Brock Johns, Oscar Sanchez Duran, Carly West, Manav Jain, 24 March 2025.

Gartner is a registered trademark and service mark and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Manhattan Associates:

Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers. Manhattan Associates designs, builds, and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.

Hysan Place Presents “Threads of Beauty” Celebrating Self-Love

Charlotte Tilbury and WOKE UP LIKE THIS Introduce Pop-up Stores Curated selection from Aesop, BEYORG, Burberry Beauty, Chloé Atelier des Fleurs, DFS, L’Artisan Parfumeur and Slowood


HONG KONG SAR – Media OutReach Newswire – 10 April 2025 – This April, Hysan Place presents “Threads of Beauty,” a campaign dedicated to celebrating self-love. This initiative will feature pop-up stores and a curated selection from a diverse range of brands. Featuring two exciting pop-up experiences from renowned beauty brand Charlotte Tilbury and the innovative vegan beauty line WOKE UP LIKE THIS (WULT), this campaign also offers a curated selection of premium products from Aesop, BEYORG, Burberry Beauty, Chloé, DFS, L’artisan Parfumeur, and Slowood. Following the introduction of new beauty brands last year, Hysan Place now presents an array of products to inspire indulgent pampering from head to toe.

Hysan Place Presents "Threads of Beauty" Celebrating Self-Love
Hysan Place Presents “Threads of Beauty” Celebrating Self-Love

Charlotte Tilbury PILLOW TALK ‘HOUSE OF LOVE’ Pop-up

Join us from April 4-16 at the exclusive PILLOW TALK “HOUSE OF LOVE” pop-up, featuring the enchanting new PILLOW TALK BEAUTY SOULMATES COLLECTION. Capturing romance like never before, this collection includes the PILLOW TALK BEAUTY SOULMATES PALETTES for a love-blushed glow and the irresistible PILLOW TALK LOVE EFFECT LIPSTICKS in our popular MATTE REVOLUTION and K.I.S.S.I.N.G formulas.

At the pop-up, immerse yourself in the allure of these signature products, capture romantic photos, and complete fun tasks for a chance to win fabulous rewards from CHARLOTTE TILBURY. Additionally, guests can indulge in a 90-minute beauty masterclass with TEAM TILBURY to learn how to create their perfect look.

Pop-up period: April 4 to April 16

Register to experience: https://bit.ly/4bDLiIx

Refresh and rejuvenate with WOKE UP LIKE THIS

Created by Hong Kong beauty content creators Jenn Lam (PumpkinJenn) and Tawnia Lai (babygirlo), WULT – Woke Up Like This aims to bring confidence and cruelty-free beauty to all through cosmetics and innovative vegan skincare that combines function, performance, and FUN! Visit the WULT pop-up store at Hysan Place from now until Nov 30, where nostalgia seamlessly blends with cutting-edge vegan beauty. Discover WULT’s comprehensive lineup of makeup crafted with natural ingredients, perfect for sensitive skin.

At this inviting pop-up, capture Instagram-worthy moments in the retro-themed area. Dive into the MIX & MATCH Mini Charms experience, where you can create personalized mini makeup and skincare accessories with over 25 charm options—ideal for both gifts and personal flair. Additionally, immerse yourself in our Nostalgic Beauty Room, featuring evolving themes that kick off with a premium Korean color analysis at an introductory price.

Pop-up period: Now until Nov 30

Introducing Aesop first cream-based body cleanser

Situated on the 1st floor of Hysan Place, the Aesop store evokes a 1970s lounge pit, where serpentine shapes in airy shades of green contrast with the stained timber that wraps the interior in vast swathes of warmth.

This April, Aesop introduces the Eleos Nourishing Body Cleanser—a gentle, hydrating formula featuring a comforting cream texture. Infused with a curated blend of botanicals celebrated for their purifying properties, this cleanser leaves your skin feeling cleansed, soft, and supple. The aroma combines herbaceous, woody, and spicy notes, while key ingredients like Cedar Atlas, Patchouli, and Clove Bud enhance your cleansing experience.

Indulge in Luxurious Self-Care with Chloé Atelier des Fleurs

Discover “l’Atelier du Bain”, featuring sumptuous scented body lotions and shower gels that evoke extraordinary floral notes, celebrating authentic femininity that evolves in harmony with nature and the planet. As an extension of the Atelier des Fleurs fragrance experience, this body collection draws on the essences of exquisite flowers, available in 5 iconic Atelier des Fleurs fragrances: Cedrus, Santalum, Magnolia Alba, Hysope, and Jasminum Sambac.

Discover Enchanting Fragrances with L’artisan Parfumeur

Experience Mémoire de Roses, a refreshing blend of rose and citrus that brings a joyful femininity to the classic flower, making it a signature scent to cherish. This exquisite fragrance is a harmonious rose and citrus hybrid, reflecting perfumer Christophe Raynaud’s vision for a delicate blend that enhances the Queen of Flowers without overwhelming it. The result is a joyful homage to creativity and the art of counterplay.

Nourish and Protect Your Skin with Slowood and BEYORG

Guests can explore innovative skincare products, including:

  • Slowood Azulis Pink Swirl Kaolin Facial Mask: A 100% natural vegan face mask that can help detoxify and rejuvenate, featuring four types of Kaolin Clay to promote cell regeneration and hydrate the skin.
  • BEYORG TEAM DR. JOSEPH SENSITIVE MINERAL SUNSCREEN SPF30: A gentle botanical sunscreen providing effective UV protection without leaving a white cast. Without harmful chemicals, it is enriched with soothing ingredients like prickly pear, Indian myrrh, and rose hydrolate, making it environmentally friendly. It nourishes the skin and is suitable for all skin types, including sensitive and children’s skin.
  • BEYORG NATURAGLACE NU MAKEUP BASE 01 SPF 32 PA++: A lightweight natural UV base that offers a flawless, protected complexion. Free from synthetic fragrances and endocrine disruptors, this product brightens and evens skin tone while combining UV protection with superior coverage.

Be the first to purchase selected Enamor products at Lee Theatre @cosme STORE

Enamor, the makeup brand founded by renowned makeup artist and YouTuber KAJIERI, who boasts over 420,000 subscribers, has officially launched at @cosme STORE this March. The Lee Theatre branch will be the first to showcase Enamor’s highly sought-after blush products, available from late April to early May.

Exclusive offers for you

DFS Beauty Carnival

From April 18 to May 5, enjoy beauty offers of up to 65% off at the DFS Beauty Carnival, which includes exclusive beauty hampers. Plus, with purchases over HK$1,888, you’ll receive a blind box set of beauty samples valued at HK$900.

Lee Gardens Reward Program – Blossom in Spring

From April 4 to April 13, CLUB AVENUE and hy! members can redeem an e-voucher at Lee Gardens with a qualifying purchase. Simply upload your receipt via the mobile app to claim your reward.

Accumulated Spending from April 4 to April 13 E-vouchers at Lee Gardens
HK$50,000 – HK$99,999 HK$900
Lee Gardens e-voucher
Above HK$100,000 HK$2,500
Lee Gardens e-voucher

*Terms and conditions apply.

Join Us for a Month of Self-Love

Celebrate self-love and elevate your beauty routine at Hysan Place this April with the “Threads of Beauty.” From exclusive pop-up events to a curated selection of skincare and beauty products, there’s something for everyone to embrace their inner beauty.
Hashtag: #HysanPlace



Wechat: LeeGardensHongKong

Weibo:
Xiaohongshu:香港铜锣湾利园区

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

About the Lee Gardens Area

The Lee Gardens Area in Causeway Bay consists of Hysan Place, Lee Gardens One to Six, Lee Theatre, Leighton Centre, One Hysan Avenue (I.T HYSAN ONE), and 25 Lan Fong Road. Located at the heart of Causeway Bay and surrounded by the bustling city centre, the premium destination offers first-class business and retail facilities, including exciting fashion, lifestyle products and dining. This high-energy zone truly stands among the most vital and dynamic journeys of discovery in the world, creating a choice location for people to work, shop and play.

VIVOS Advises on Sale of The Providore Singapore to F&B Industry Veterans

SINGAPORE, April 10, 2025 /PRNewswire/ — Singapore business advisory firm VIVOS Pte. Ltd. is pleased to announce the successful completion of the sale and investment in The Providore Singapore Pte. Ltd. The iconic lifestyle F&B brand will now embark on an exciting new chapter under the leadership of experienced industry professionals through Vino Vibe Pte. Ltd. and SingFire Capital Pte. Ltd. This transaction marks the strategic exit of founder Robert Collick, who built The Providore into one of Singapore’s most beloved lifestyle F&B brands.

VIVOS Advises on Sale of The Providore Singapore to F&B Industry Veterans
VIVOS Advises on Sale of The Providore Singapore to F&B Industry Veterans

The new ownership team — long-time admirers of The Providore — plans to build on its strong foundation and further invest in its continued growth in Singapore and beyond. Their vision is to evolve the brand by introducing new concepts and experiences, while preserving the café, bakery, deli, and retail elements that customers have come to know and love.

Following this transition, Mr. Robert Collick will step back from day-to-day operations to spend more time with his family and pursue broader business interests.

Commenting on the transaction, Mr. Collick said, “The Providore has always been a cherished part of Singapore’s F&B scene. With this new investment, I believe Vino Vibe and SingFire Capital will take the brand to greater heights. I look forward to seeing what’s next for The Providore.”

Ms. Tang Ming, representing SingFire Capital, shared, “I’ve been a devoted fan of The Providore for years. It’s more than just a café – it’s a lifestyle experience. We’re thrilled to be part of this exciting new chapter and look forward to bringing even more fresh and inspiring offerings to our customers.”

The new owners stated that their goal is to stay true to the brand’s core values while evolving The Providore into a space that embodies ‘Quality Living × Borderless Socializing.’ By merging The Providore’s artisanal food heritage with BlacBlac’s wine culture, the vision is to create a hybrid lifestyle destination that celebrates high-quality ingredients in a relaxed social setting — connecting Asia with global culinary inspiration through food and wine, and empowering sustainable urban living.

Mr. Tang Yun Hai, Director of Vino Vibe, further added:

“We will continue The Providore’s uncompromising standards by curating premium organic ingredients and fine wines. By day, the space will operate as a brunch venue; by night, it will transform into a relaxed wine bar. Through this shift in ambiance, we aim to serve a diverse audience — from white-collar afternoon tea seekers to night-time socialites — redefining the ‘free boundaries’ of city dining and offering a stylish yet unhurried third space for the new generation.”

The transaction was arranged and advised by VIVOS Pte Ltd., who acted as the exclusive advisor to Mr. Collick throughout the process.

Commenting on the deal, Mr. Ray Tay, Director at VIVOS, said:

“It’s been a privilege to advise on this transaction and help facilitate a seamless handover between such seasoned F&B players. We’re confident The Providore is in great hands for its next phase of growth.”

About The Providore

Founded in Singapore, The Providore has grown to become a beloved destination for food lovers, offering a unique combination of cafés, bakeries, delis, and premium grocery retail.

More about The Providore: https://theprovidore.com/

About VIVOS Leading Business Consulting Firm 

VIVOS is a trusted name in the corporate services, business advisory and immigration industry. With over 1000+ satisfied clients, VIVOS has positioned itself as a top choice for foreign investors, entrepreneurs and businesses looking to establish and scale their presence in Singapore. 

 Our website https://VIVOS.com.sg/ 

For media enquiries, please contact: hello@theprovidore.com 

Important Notice Regarding the Upgrade of Visionary Holdings Inc.’s Website and Email System

TORONTO, April 10, 2025 /PRNewswire/ — 

To All Employees, Partners, and Customers:

Due to a recent malicious IT attack on our company, our original official website, www.visiongroupca.com, and the corporate email suffix @farvision.ca have both been hacked. As a result, the system functions have completely broken down, and there are potential risks to data security. In order to ensure the normal operation of our business and the security of information, after careful consideration, our company has made the following decision:

As of today, the original official website and corporate email address are officially deactivated and will no longer serve as the company’s official communication channels.

The newly activated information is as follows:

1. Official Website: www.visionary.holdings

2. Corporate Email Suffix: @visionary.holdings

We kindly request all relevant parties to update your contact information in a timely manner and re-verify the cooperation information through the new website. We sincerely apologize for any inconvenience caused and appreciate your understanding and support.

If you have any questions, please contact the company’s IT Support Department at support@visionary.holdings.

Visionary Holdings Inc

April 10, 2025

 

Global Semiconductor Equipment Billings Surged to $117 Billion in 2024, SEMI Reports

MILPITAS, Calif., April 10, 2025 /PRNewswire/ — Worldwide sales of semiconductor manufacturing equipment increased 10% to $117.1 billion in 2024 from $106.3 billion in 2023, SEMI, the industry association representing the global electronics design and manufacturing supply chain, reported today. The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report.

In 2024, the global front-end semiconductor equipment market experienced notable growth, with sales of wafer processing equipment increasing by 9% and other front-end segments rising by 5%. This growth was largely fueled by heightened investments in expanding capacity for both leading-edge and mature logic, advanced packaging, and high-bandwidth memory (HBM), alongside a significant rise in investments from China.

The back-end equipment segment, after two consecutive years of decline, saw a robust recovery in 2024, driven by the increasing complexity and demands of AI and HBM manufacturing. Assembly and packaging equipment sales increased by 25%, while test equipment billings rose by 20% year-over-year, reflecting the industry’s push toward supporting advanced technologies.

“The global semiconductor equipment market surged by 10% in 2024, rebounding from a slight dip in 2023 to reach an all-time high of $117 billion in annual sales,” said Ajit Manocha, SEMI President and CEO. “Industry spending on chipmaking equipment in 2024 reflects a dynamic landscape shaped by regional investment trends, technological advancements in logic and memory, and the rising demand for chips related to AI-driven applications.”

Regionally, Mainland China, Korea, and Taiwan remained the top three markets for semiconductor equipment spending, collectively accounting for 74% of the global market. China solidified its position as the largest semiconductor equipment market, with investments surging 35% year-over-year to $49.6 billion, driven by aggressive capacity expansion and government-backed initiatives aimed at bolstering domestic chip production. Korea, the second-largest market, saw a modest 3% increase in equipment spending, reaching $20.5 billion, as memory markets stabilized and demand for high-bandwidth memory soared. In contrast, Taiwan experienced a 16% decline in equipment sales, falling to $16.6 billion, reflecting a slowdown in demand for new capacity.

Elsewhere, North America recorded a 14% rise in semiconductor equipment investments, reaching $13.7 billion, driven by increased focus on domestic manufacturing and advanced technology nodes. The Rest of the World saw a 15% increase, with billings at $4.2 billion, supported by emerging markets ramping up chip production. However, Europe faced a significant 25% decline in equipment spending, falling to $4.9 billion, due to weakened demand in the automotive and industrial sectors amid economic challenges. Japan also saw a slight 1% dip, with sales at $7.8 billion, as the region grappled with slower growth in key end markets.

Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS report is a summary of the monthly billings figures for the global semiconductor equipment industry.


The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports:

  • Monthly SEMI Billings Report, a perspective on equipment market trends
  • Monthly Worldwide Semiconductor Equipment Market Statistics (WWSEMS), a detailed report of semiconductor equipment billings for seven regions and 24 market segments
  • SEMI Semiconductor Equipment Forecast, an outlook for the semiconductor equipment market

Download a sample of the EMDS report.

For more information about the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. More details are also available on the SEMI Market Data webpage.  

About SEMI

SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

Association Contact
Sherrie Gutierrez/SEMI
Phone: 1.831.889.3800
Email: sgutierrez@semi.org

 

Eventify Unveils Event AI Copilot To Boost Attendee Experience

LONDON, April 10, 2025 /PRNewswire/ — Eventify, the popular event management software, today announced the launch of Event AI Copilot, a groundbreaking AI-powered feature that transforms standard event apps into intelligent companions offering personalized guidance throughout the entire event journey.

Event AI Copilot serves as a personalized pocket concierge, offering instant answers to event-related questions, customized recommendations, and proactive guidance throughout the entire event journey. The solution operates seamlessly within existing Eventify event app deployments, requiring no additional setup or configuration.

“Today’s event attendees expect more than just information—they want experiences tailored to their interests and needs,” said Hussain, CEO of Eventify. “Event AI Copilot acts as a pocket concierge that understands each attendee’s preferences, answers their questions instantly, and helps them make the most of every event opportunity.”

Key capabilities of the Event AI Copilot include personalized agenda matching based on attendee interests, instant access to event information, smart networking recommendations that connect like-minded participants, and opportunity matching that increases visibility for sponsors and exhibitors.

For event organizers, the AI solution delivers significant operational benefits, including a reported 40% reduction in support queries, real-time behavioral insights, and enhanced attendee satisfaction. Sponsors and exhibitors benefit from increased visibility with targeted audiences, resulting in more meaningful interactions and measurable ROI.

“With Event AI Copilot, we’re not just improving engagement, we’re fundamentally changing how people experience events,” said Silas, Chief Product Officer at Eventify. “Our early adopters report attendees spending 35% more time in the app and interacting with twice as many sponsors, creating a win-win scenario for all stakeholders.”

The Event AI Copilot is built with robust machine learning capabilities that continuously improve performance over time, adapting to each event’s unique requirements and learning from every interaction. Eventify maintains strict data security standards, ensuring all attendee information remains protected according to industry best practices.

Event AI Copilot is available immediately as an upgrade to existing Eventify app deployments. Event organizers can schedule a personalized demonstration by visiting eventify.io/event-ai.

About Eventify: 

Eventify is a leading provider of innovative event technology solutions designed to enhance attendee experiences, streamline operations, and maximize ROI for organizers. With a commitment to cutting-edge technology and exceptional service, Eventify powers thousands of successful events worldwide each year.

Logo: https://laotiantimes.com/wp-content/uploads/2025/04/eventify_logo.jpg

 

VCI BIOFUELS GROUP SIGNS DEFINITIVE MERGER AGREEMENT WITH INTERNATIONAL MEDIA ACQUISITION CORP. TO PUBLICLY LIST ON THE NASDAQ

NEW YORK, April 10, 2025 /PRNewswire/ — The Vietnamese ethanol production company, Vietnam Biofuels Development Joint Stock Company and its affiliates (together, “Vietnam Biofuels” or “VNB”), VCI Holdings Limited (“VCI” and together with VNB, the “VCI Biofuels Group”) and International Media Acquisition Corp. (OTC: IMAQ) (“IMAQ”) are pleased to announce today that they have entered into a definitive merger agreement (the transactions contemplated thereunder, the “Transaction”). Vietnam Biofuels is a manufacturer of bio-ethanol in Vietnam and specializes in producing ethanol products with a focus on fuel ethanol. As a result of the Transaction, the combined company is expected to be renamed VI Energy and the combined entity is expected to be publicly listed on the NASDAQ.

VCI Biofuels Group Highlights

VCI Biofuels Group is a seasoned operator in the biofuel manufacturing industry in Vietnam, producing fuel ethanol, solvent alcohol, and food alcohol. Established in 2014, VCI Biofuels Group has established a track record in environmental management, recycling, and biofuel processing. Upon closing, the Transaction will position VCI Biofuels Group to further expand its business and execute on its growth strategy.

IMAQ management believes that VCI Biofuels Group is well-positioned to capitalize on the demand for biofuel locally in Vietnam and internationally. IMAQ management believes that VCI Biofuels Group’s established bio-ethanol factory combined with the Vietnamese government’s mandate for ethanol blending in gasoline, potentially presents a compelling opportunity for significant growth.

Transaction Overview

The Transaction values VCI Biofuels Group at an implied enterprise value of $1 billion. The Board of Directors of VNB, VCI and IMAQ have unanimously approved the proposed Transaction, subject to, among other things, regulatory approvals, the approval by IMAQ’s stockholders of the Transaction and satisfaction or waiver of other customary closing conditions.

This strategic merger is designed to provide the VCI Biofuels Group with access to capital markets, support its growth strategy and further strengthen its position in the sector.

Navin Sidhu, VCI Biofuels Group CEO, stated,  “With the merger we intend to grow our production capacity and continue to not only be a leader in Vietnam’s biofuel and ethanol industry, but Asia’s. Upon completion and with adequate funding, we plan to immediately implement one of our post-merger strategies by tapping into the profitable and currently underserved market for sustainable aviation fuel, which is expected to reach $325 billion by 2030.

With access to the dynamic US capital markets and the multitude of financing options it brings, we believe that the group will be in a very strong and enviable position to expand organically while leveraging on acquisition growth that could add tremendous value for shareholders and all stakeholders alike.”

Yu-Fang Chiu, Chairperson, CEO and CFO of IMAQ, commented, “Finding the right partner is never easy—whether in life or in business. Over the course of three years, IMAQ has evaluated numerous companies, and we are pleased to announce that we have chosen the “one”. We believe that the VCI Biofuels Group is well positioned in the renewable energy sector, with a track record of a decade in Vietnam’s biofuel and ethanol market. By entering into this merger agreement, we aim to provide VCI Biofuels Group with the tools and access to the capital markets they need to continue executing their plans in the near future. We believe this merger offers a compelling opportunity for our investors to become part of an exciting company that creates value for stakeholders.”

Advisors

Loeb & Loeb LLP, Ogier and DaHui Lawyers are serving as legal advisors to International Media Acquisition Corp.

Additional information about the proposed Transaction, including a copy of the merger agreement, will be available on a Current Report on Form 8-K, to be filed by International Media Acquisition Corp. with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. In connection with the proposed Transaction, the parties intend to jointly file a registration statement, which will include a proxy statement and a prospectus, with the SEC.

About VCI Biofuels Group

VCI Biofuels Group is an innovative chemicals and ethanol producer with a focus on advanced efficient recovery methods. Its corporate headquarters are located in Vietnam.  Established in 2014, VCI Biofuels Group has developed a track record in environmental management, recycling, and biofuel processing. Over the last decade, the company has consistently pursued its mission “For a Sustainable Common Roof”, striving to become a leading enterprise in the field of biofuels and contributing to the new economic development in Vietnam.

About International Media Acquisition Corp.

International Media Acquisition Corp. (“IMAQ”) is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.  

Forward Looking Statements

This press release includes “forward-looking statements” which may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated equity value of the combined company, Vietnam Biofuels Group’s ability to scale and grow its business, the advantages and expected growth of the combined company, the combined company’s ability to source and retain talent, the cash position of the combined company following closing of the Transaction, IMAQ’s and Vietnam Biofuels Group’s ability to consummate the Transaction, and expectations related to the terms and timing of the Transaction, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of IMAQ’s and Vietnam Biofuels Group’s respective management and are not predictions of actual performance.

Any forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of IMAQ and Vietnam Biofuels Group. These forward-looking statements are subject to a number of risks and uncertainties, including the inability of IMAQ and Vietnam Biofuels Group to successfully or timely consummate the proposed Transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the shareholders of  IMAQ or Vietnam Biofuels Group; failure to realize the anticipated benefits of the proposed Transaction; risks relating to the combined company’s sources of cash and cash resources; risks relating to Vietnam Biofuels Group’s business; risks relating to IMAQ’s and the combined company’s vulnerability to security breaches; risks relating to the combined company’s ability to manage future growth; the effects of competition on the combined company’s future business; the amount of redemption requests made by IMAQ’s public stockholders; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries involving the parties to the Transaction; the impact of the COVID-19 pandemic or infectious diseases on  the combined company’s business and the global economy; and those factors discussed in IMAQ’s final prospectus related to its initial public offering dated July 28, 2021, under the heading “Risk Factors,” in IMAQ’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024 under the heading “Risk Factors” filed with the SEC on August 8, 2024 and other documents filed, or to be filed, by IMAQ with the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither IMAQ nor Vietnam Biofuels Group presently knows or that IMAQ and Vietnam Biofuels Group currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect IMAQ’s and Vietnam Biofuels Group’s expectations, plans or forecasts of future events and views as of the date of this press release. IMAQ and Vietnam Biofuels Group anticipate that subsequent events and developments will cause IMAQ’s and Vietnam Biofuels Group’s assessments to change. However, while IMAQ and Vietnam Biofuels Group may elect to update these forward-looking statements at some point in the future, IMAQ and Vietnam Biofuels Group specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing IMAQ’s and Vietnam Biofuels Group’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Important Information About the Proposed Transaction and Where to Find It

The proposed Transaction will be submitted to shareholders of IMAQ for their consideration and approval. International Media Mini Acquisition Corp, a to-be-formed wholly owned subsidiary of IMAQ (“Purchaser”), and VCI intend to jointly file a registration statement (the “Registration Statement”) with the SEC which will include preliminary and definitive proxy statements to be distributed to IMAQ’s shareholders in connection with IMAQ’s solicitation for proxies for the vote by IMAQ’s shareholders in connection with the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Vietnam Biofuels Group’s shareholders in connection with the completion of the proposed Transaction. After the Registration Statement is filed and declared effective, IMAQ will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. IMAQ’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with IMAQ’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents will contain important information about IMAQ, VCI Biofuels Group and the proposed Transaction. Shareholders may also obtain a copy of the preliminary and definitive proxy statements and the prospectus, once available, as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by IMAQ, without charge, at the SEC’s website located at www.sec.gov or by directing a request to IMAQ.

Participants in the Solicitation

IMAQ, VCI Biofuels Group, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from IMAQ’s shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of IMAQ’S shareholders in connection with the proposed Transaction will be set forth in the proxy statement/prospectus to be filed with the SEC in connection with the Transaction. You can find more information about IMAQ’s directors and executive officers in IMAQ’s definitive proxy statement related to its Annual General Meeting dated December 9, 2024 and IMAQ’s Current Report on Form 8-K dated March 14, 2025. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.