DUBAI, UAE, Dec. 9, 2025 /PRNewswire/ — At the BIG Series Institutional Gala, Bybit Institutional introduced two major upgrades set to redefine the standards of institutional digital asset trading in 2025: an expanded INS Credit Suite and a fully redesigned Market Maker Gateway (MMGW) low-latency execution environment.
The announcements were led by Yoyee Wang, Head of Business to Business of Bybit, who outlined Bybit’s integrated institutional blueprint — combining custody, credit, execution, governance, and operational resiliency into one cohesive platform.
Bybit Institutional Head Unveils New Institutional Credit Architecture and Ultra-Low-Latency Execution Layer
Reinventing Institutional Credit
Yoyee highlighted that Bybit’s upgraded INS Credit Suite now delivers one of the most advanced and transparent credit environments available to institutional clients.
“Across the industry, one theme is clear: institutions want capital efficiency without compromising control. With up to 5× leverage, TradFi-aligned LTV parameters, and support for 1,000 sub-accounts, we’re delivering a true institutional-grade credit architecture,” added Yoyee.
The demand reinforces that shift. Bybit’s INS loan notional reached USD 1.1 billion this quarter, marking a 26% QoQ increase, driven by active adoption from professional trading firms.
Custody + RWA + Credit: A New Operating Model for Institutions
A headline announcement of Yoyee’s presentation was the integration of custody-based RWA tokens into Bybit’s off-exchange credit infrastructure — a first-of-its-kind development for digital asset markets.
“For the first time, institutions can keep assets in custody, earn returns through tokenized money-market RWAs, and still unlock institutional credit. It combines control, transparency, and efficiency in a way the market has not seen before,” said Yoyee.
This model connects regulated custody, yield, and capital deployment into a single operational workflow — eliminating fragmentation and unlocking new efficiencies for asset managers and trading firms.
A Leap in Execution: Round-Trip Latency Cut from 30ms to 2.5ms
The second major upgrade unveiled was Bybit’s next-generation Market Maker Gateway (MMGW) execution architecture, engineered specifically for institutional consistency and predictability.
Yoyee announced that Bybit has brought round-trip latency for INS clients down to 5 milliseconds through its new MMGW architecture, with a next-generation 2.5-millisecond execution channel planned for release in 2026.
“Speed alone isn’t the breakthrough — certainty is,” she said. “We engineered an execution lane designed for institutional performance: consistent, stable, and resistant to noise.”
A Unified Institutional Vision for 2026
Yoyee closed by underscoring Bybit’s dedication to shaping the industry’s most complete and future-ready institutional ecosystem.
‘At Bybit, our philosophy is simple: listen, care, improve. Today’s innovations reflect our focus on delivering smarter credit and faster execution — and we are just getting started.’
#Bybit / #CryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
YONGIN, South Korea, Dec. 9, 2025 /PRNewswire/ — GC Genome, a leading clinical genomics and liquid biopsy company, announced that its study analyzing cell-free DNA (cfDNA) fragmentation patterns in 1,154 healthy individuals has been published in Clinical Chemistry (Impact Factor 6.3, 2025). The findings reveal key physiological factors that can interfere with cancer-associated cfDNA signals, offering a foundation for improving the accuracy of liquid biopsy tests.
The study, conducted in collaboration with Professor Min-Jung Kwon and her team at Kangbuk Samsung Medical Center, examined correlations between cfDNA fragmentomic profiles and 65 clinical variables, including age and liver function markers. The goal was to identify potential confounders that could influence cfDNA-based cancer detection in individuals without cancer.
Study Overview
Healthy cohort: 1,154 noncancerous individuals who underwent routine health checkups
Clinical variables included: 65 demographic, hematologic, and biochemical parameters
Three fragmentomic features were derived: cfDNA concentration, short-fragment ratio (SFR), and frequency of cancer-enriched motifs(CEMs)
Key Findings
Liver enzymes(including AST, ALP, γ-GTP) and age were identified as major factors altering cfDNA fragmentation patterns.
Elevated AST or age closely resembled cancer-like fragmentomic signatures, blurring the distinction between noncancer and cancer profiles.
AST showed high similarity to fragmentation size patterns seen in lung cancer patients (cosine similarity = 0.98).
Age showed the highest similarity to cancer-like profiles among clinical variables (cosine similarity = 0.52).
Receiver Operating Characteristic (ROC) analysis confirmed that these physiological variables can act as confounders by reducing the specificity of cfDNA-based detection, potentially leading to false-positive results.
These findings demonstrate that non-cancer physiological factors can influence cfDNA signals, underscoring the need for confounder-aware modeling approaches in liquid biopsy development.
A GC Genome spokesperson stated:
“This study is significant because it uses large-scale data from healthy individuals to identify key confounders that influence cfDNA fragmentation patterns. These insights will play an important role in refining our Multi-Cancer Early Detection (MCED) test, ai-CANCERCH, particularly in reducing false-positive rates and improving test specificity.”
About ai-CANCERCH
Launched in September 2023, ai-CANCERCH is an AI-based multi-cancer early detection(MCED) test powered by Lc-WGS. Using just 10 mL of blood, the test detects signals associated with multiple cancers. A major upgrade—expanding from 6 detectable cancers to 10 cancers (colorectal, lung, esophageal, liver, ovarian, pancreatic, biliary, breast, gastric, and head-and-neck)—is planned for January 2026.
About GC Genome
GC Genome is a leading diagnostics company that aims to connect the care and cure to the world by offering genetic diagnosis services for Oncology, Pre&Neonatal, Rare Diseases, and Health Check-ups and suggesting personalized treatment for longer and healthier lives. Established in 2013 as a GC company, GC Genome operates a CAP-accredited laboratory and places the utmost emphasis on R&D. With steadfast partnerships established worldwide, GC Genome has shown impressive growth momentum, continually expanding our testing capacities.
Sanrio Character Park Harmonyland (Oita) Opens New Greeting Facility
TAMA CITY, JAPAN – Media OutReach Newswire – 9 December 2025 – Sanrio Puroland (Tama City, Tokyo; “Puroland”), a fully indoor theme park operated by Sanrio Entertainment Co., Ltd. (headquarters: Tama City, Tokyo; President and CEO: Aya Komaki), celebrated its 35th anniversary on December 7, 2025, and debuted its new main parade, The Quest of Wonders Parade. The story begins with Hello Kitty finding a mythical book about a “treasure that brings eternal happiness.” Cinnamoroll, Pompompurin, Kuromi, and their friends set off on a delightful adventure in search of this “treasure of happiness.” The parade is an immersive experience featuring sparkling illumination, enchanting music, splendid floats and costumes, and Wonder Ribbon Lights—props held by guests.
As a fully indoor theme park, Puroland offers an enjoyable experience year-round, unaffected by weather, temperature, or humidity, giving parents peace of mind when visiting with small children. The park allows guests to immerse themselves in the world of Sanrio through live shows and attractions. Puroland also presents the musical KAWAII KABUKI Momotarō by the Hello Kitty Troupe, which blends the “kawaii” charm of Sanrio characters with traditional Kabuki theater, and beyond words, a non-verbal show featuring My Melody and Kuromi that transcends language barriers for audiences of all ages and nationalities.
The Sanrio Character Park Harmonyland (“Harmonyland”) in Hiji Town, Oita, is a beloved outdoor theme park where guests can enjoy character greetings and seasonal shows while surrounded by Oita’s natural beauty. In July 2025, Harmonyland opened a new greeting facility, CHARACTER GREETING FUN STUDIO, where My Melody and other beloved characters greet guests in a photo studio-style setting for memorable photo sessions and friendly interactions.
▲ Puroland exterior view (top left); KAWAII KABUKI Momotarō by the Hello Kitty Troupe (bottom left); Harmonyland exterior view (top right); CHARACTER GREETING FUN STUDIO (bottom right)
*Images are for illustrative purposes only. *The content of this release, including images, is current as of December 9, 2025, and may be subject to change.
Hashtag: #Sanrio
The issuer is solely responsible for the content of this announcement.
According to the latest report published by DIGITIMES Asia, global data center AI chip shipments are projected to grow from 30.5 million units in 2024 to 53.4 million units in 2030. This data center AI chip category includes high-end and mid-range GPUs, application-specific AI chips (such as Google’s TPUs), AI server CPUs, and networking/interconnect-related chips (e.g., Switch ASICs/rack-scale-up Interconnect Chips/DPUs & NICs).
Credit: Digitimes
In terms of growth rate, the fastest-growing segments by shipment volume include application-specific AI chips, mid-range GPUs that use GDDR DRAM (such as Nvidia CPX GPUs), and interconnect-related chips, such as NVSwitch ICs. Among these five chip categories, the shipment volume growth rates for high-end GPUs and AI server CPUs are relatively lower over the 2024–2030 period, with a Compound Annual Growth Rate (CAGR) of only about 10%. However, when considering the revenue from high-end packaging and end-market sales, the growth rate will be much higher than the shipment growth rate. The main reasons for this include the increased content value per chip and the adoption of advanced packaging.
Credit: Digitimes
For example, AMD recently forecast that the global server CPU revenue Total Addressable Market (TAM) CAGR will reach 18% between 2025 and 2030 (implying that the Average Selling Price CAGR for server CPUs could exceed 7% due to the jump in core count and the adoption of more advanced processes and packaging). For GPUs, despite relatively moderate growth in shipments, wafer foundry and packaging revenue CAGRs are both expected to exceed 40% in 2024-2030, driven by the increasing number of GPU and I/O dies per chip.
Data Center AI Chip Packaging Revenue Remains Focused on GPUs
Recently, application-specific AI chips like Google’s TPU and AWS’s Trainium have garnered significant attention for their tailored power-efficiency characteristics, sparking speculation that they might replace GPUs. According to the latest “Global Data Center AI Chip Packaging Market Forecast 2024-2030” report published by DIGITIMES Asia, the overall revenue share of data center AI chip packaging will remain GPU-centric throughout the 2024–2030 forecast period. It is estimated that by 2030, packaging revenue for data center GPUs will remain over 40% higher than that of application-specific AI chips.
While AI server CPUs and AI networking-related chips have high shipment volumes, the high-end packaging market will still be overwhelmingly dominated by GPUs and application-specific AI chips.
Drivers and Inhibitors for Advanced Packaging of Data Center AI Chips
DIGITIMES Asia forecasts that the global market size for advanced packaging of data center AI chips will grow from US$5.6 billion in 2024 to US$53.1 billion in 2030, representing a CAGR of over 40%. This aligns closely with AMD’s recent Financial Analyst Day estimate that the global Data Center TAM CAGR will exceed 40% over the next five years.
Here is a summary of the main drivers and inhibitors for the global market for advanced packaging of data center AI chips:
Key Drivers:
The AI wave and the compute power arms race among tech giants.
Advanced packaging driving system-level scaling to extend Moore’s Law.
Geopolitical competition between the U.S. and China, and the rise of Sovereign AI initiatives.
Key Inhibitors:
The re-evaluation of return on investment (ROI) relative to massive computing power investments.
The impact of cheaper and more efficient new technologies.
This photo is used for representational purpose only.
Laos welcomed nearly 3.8 million international tourists in the first ten months of 2025, a 13 percent increase compared to the same period in 2024.
In figures released on 7 December, the Tourism Development Department confirmed that ASEAN nations dominated visitor arrivals, comprising 60.84 percent of the total. Thailand spearheaded regional tourism with 1,236,626 arrivals, trailed by Vietnam at 959,575, China at 914,194, South Korea at 151,010, and Russia at 60,598.
Nature-based and cultural heritage sites emerged as key magnets for travelers, with Vientiane Capital, Vientiane Province, Luang Prabang, Khammouane, and Champasack registering the strongest visitor footfall.
Luang Prabang also witnessed remarkable growth, hosting over 2.15 million tourists both domestic and international in just the first seven months of 2025, an 83.8 percent leap from 2024.
The UNESCO heritage town gained even more international attention when Lonely Planet named it Asia’s top destination for 2025, praising its history, temples, markets, and eco-friendly tourism.
In 2024, Laos received over 4.1 million tourists, generating USD 1.1 billion in revenue. The country now aims to exceed its 2025 target of 4.3 million international tourists by year-end.
A couture spectacle set against Hong Kong’s iconic harbour skyline at Pier 4, Central, cementing Hong Kong’s role as a global couture capital
HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – Organised by the Hong Kong Fashion Designers Association (HKFDA) and sponsored by the Cultural and Creative Industries Development Agency under the Culture, Sports and Tourism Bureau, “VIRTUOSE: The Artistry of Couture” took place on November 22, 2025, at Central Ferry Pier 4 as the opening program and a flagship event of Hong Kong Fashion Fest 2025. As one of the most significant annual events for Hong Kong’s fashion community, the show celebrated couture excellence while supporting the development of Hong Kong’s cultural and creative industries and showcasing the city’s creative strength and competitiveness on the international fashion stage.
A Sensorial Journey from Day to Night
November 22 marked the official presentation of the two VIRTUOSE shows. The Day Show and opening ceremony commenced at 3pm, followed by the Night Show at 7pm. Set against the stunning backdrop of Victoria Harbour, Central Ferry Pier 4 transformed into a captivating runway for two intimate yet opulent shows. These meticulously curated presentations offered a sensorial journey from day to night, unveiling couture against Hong Kong’s urban skyline to create a visual symphony of culture and elegance. Both shows were live-broadcasted on VIRTUOSE’s IG and HKFDA’s YouTube, bringing this immersive visual celebration to audiences worldwide.
Miss LAW Shuk Pui, Rosanna, JP, Secretary for Culture, Sports and Tourism, Ms Lai Sai Ming, Drew, Commissioner for Cultural and Creative Industries, Ms IP Man Yee, Yvonne, Assistant Commissioner for Cultural and Creative Industries, Mr Kevin Yeung, Chairman of Hong Kong Fashion Designers Association, and Ms Bonita Cheung, Conceptual & Project Director, VIRTUOSE: The Artistry of Couture joined the Day Show to officially unveil the Opening Program of Hong Kong Fashion Fest 2025, with guests in attendance witnessing this remarkable occasion.
‘”VIRTUOSE” is more than a fashion show—it is a celebration of exceptional artistry, creativity, and craftsmanship that brings together different cultures and perspectives,’ said Mr. Kevin Yeung, Chairman of Hong Kong Fashion Designers Association at the opening ceremony. Ms Bonita Cheung, Conceptual & Project Director, VIRTUOSE: The Artistry of Couture, added, ‘In this tapestry of couture, diverse designers unite, weaving stories that spark a dialogue of culture and creativity; a poetic feast for the eyes.’
Dominic Lam, Ana R, Eunis Chan, Lilian Ho, Mandy Tam, Hazel Lam, Sophie Yip, Carman Kwan, Manson Cheung, Winky Wong, Archie Sin, Oscar Tao, Alex Lee set the stage at Day Show with their support. As evening fell, fashion luminaries, collectors from around the world including Bryan Boy, Susie Lau, Irene Kim, Yoyo Cao, Jenny Tsang, Hanan Besovic; together with local celebrities & fashionista including Simon Yam, Qi Qi, William Chang, Patricia Ha, Kathy Chow, Nicola Cheung, Amanda S, Angie Ng, Carl Ng, Jeannie Ng, Sabrina Cheung, Gigi Cheung, Bruce Tong, Chris Tong, Victoria Tang, Elly Lam, Hilary Fan lit up the Night Show with their presence. Each guest was captivated by a celebration of exquisite craftsmanship and refined sophistication.
Cementing Hong Kong’s Role as a Global Couture Capital
More than a fashion show, “VIRTUOSE: The Artistry of Couture” served as an artistic dialogue that transcended cultures and borders. The inaugural edition last year had garnered widespread acclaim, capturing attention from designers and fashion communities around the world. Now firmly established as a hallmark of exceptional craftsmanship of global couture, the event became a luminous platform for international fashion exchange in Hong Kong, affirming the city’s status as a vibrant nexus where East meets West in style and vision.
By honing its focus to four exceptional and seasoned designers, “VIRTUOSE: The Artistry of Couture 2025” amplified the narrative of each creator, ensuring a more profound cultural exchange between East and West. The event reinforced Hong Kong’s growing reputation as a global couture capital, standing alongside Paris as a beacon of sartorial excellence, and highlighted its pivotal role in the international fashion landscape.
A Visual Feast Celebrating Diverse Styles and Cultures
Curated as an artistic and cultural dialogue between four exceptional designers, VIRTUOSE 2025 featured Peet Dullaert from France, Tomo Koizumi from Japan, Zhaoyi Yu from Chinese Mainland, and Caroline Hu from Hong Kong, China. Together, these designers presented 40 meticulously crafted couture ensembles in two immersive fashion shows.
Based in Paris, France, Peet Bullaert (@peetdullaert) is a designer who’s redefining the language of tailoring through fluidity, movement, and emotion, with a strong commitment to sustainable luxury. Recognized by Vogue France as one of the designers who are environmentally engaged and working to make a difference for the oceans. Guided by a philosophy of harmony between body and garment, Peet sculpts silhouettes that flow rather than conform — balancing innovation with an intimate respect for the human form. For Virtuose, he presented his vision of elegance rooted in progress — where craftsmanship meets consciousness, and every gesture becomes design.
Tomo Koizumi (@tomo_koizumi), one of the leading creative forces in contemporary Japanese fashion, redefines couture through colour, volume, and imagination. His iconic ruffles are more than decoration — they are expressions of freedom, play, and joy. Behind the spectacle lies an artist deeply connected to emotion, transforming layers of organza into movement and light. At Virtuose, Tomo brought his fearless spirit to Hong Kong, turning exuberance into art — and reminding us that beauty can also be bold.
A designer whose creations live between structure and emotion, Zhaoyi Yu (@zhaoyi.official) is trained in both traditional craftsmanship and contemporary form, weaving the language of heritage into modern silhouettes — precise, sculptural, and deeply human. Every fold, every seam reflects his pursuit of balance — between logic and feeling, restraint and release. For Virtuose 2025, Yu unveiled a vision where architecture meets soul, and craftsmanship becomes poetry.
Caroline Hu (@carolineqiqi), a designer whose work speaks in whispers of emotion and memory. Caroline’s vision is rooted in intimacy — in the quiet, fragile beauty of the human experience. Her silhouettes breathe with softness; her fabrics capture light the way brushstrokes capture feeling. At Virtuose 2025, she brought home a world shaped by sensitivity and grace — where every thread tells a story of emotion made visible.
Exclusive Trunk Shows and Fireside Chat today & Tuesday
Following the runway extravaganza, a two-day trunk show was held on 24 & 25 November, offering media and client an exclusive opportunity to engage directly with the designers and their work, as well as a unique ordering experience. The event fostered the exchange of the latest insights from the international fashion market and deepened the appreciation among Eastern and Western designers and clients for diverse aesthetics, traditions and cultures, marking a new chapter for Hong Kong as a cross-regional hub for couture.
A fireside chat hosted by Hanan Besovic — a leading voice in fashion and creator of the acclaimed Instagram account @ideservecouture, renowned for his insightful and engaging commentary on fashion. Joined by four designers, the event took place on November 25, 2025, and welcomed students, industry professionals, and the public to an intimate dialogue exploring the creative process, cultural exchange, and the future of couture.
VIRTUOSE: The Artistry of Couture 2025 is organised by Hong Kong Fashion Designers Association and sponsored by the Cultural and Creative Industries Development Agency as a programme of the Hong Kong Fashion Fest which is presented by the Government of the Hong Kong Special Administrative Region.
The issuer is solely responsible for the content of this announcement.
About Hong Kong Fashion Fest
Announced by the Hong Kong Special Administrative Region Chief Executive in the 2023 Policy Address, “Hong Kong Fashion Fest” will be organised to develop Hong Kong into a fashion design hub in Asia. Through consolidating various fashion design events and introducing innovative elements and affiliate activities annually, the Hong Kong Fashion Fest promotes Hong Kong’s fashion and textile design brands and boosts Hong Kong’s position as a prime destination for hosting mega cultural and creative events. The second edition of Hong Kong Fashion Fest will be held from 22 November and 7 December 2025 at various cultural landmarks and iconic design and fashion locations in Hong Kong. The event will promote digital fashion and sustainable fashion in collaboration with Paris Fashion Week and Milan Fashion Week; attract fashion design industry players from all over the world to participate in Hong Kong; foster collaboration, innovation and business opportunities; establish platform for local and international fashion designers and brands and connect with different sectors in the fashion design industry of Hong Kong, the Chinese Mainland and overseas, thereby consolidating Hong Kong’s position as the East-meets-West centre for international cultural exchange.
About Hong Kong Fashion Designers Association (HKFDA) The Hong Kong Fashion Designers Association (HKFDA) was founded in 1984 by a group of successful and enthusiastic local fashion designers. As a non-profit making and self-financed organization, it aims to unite fashion designers, with both professionalism and expertise, to develop and better both their careers and the industry with and beyond the territory.
With supports from the industry and fellow designers in the past years, the Association has evolved to a key platform to share ideas and experiences through organizing fashion events such as catwalk shows, exhibitions, seminars, interviews and group discussions. Reputed not only as an official unit of Hong Kong fashion elites who provides excellent services with expertise, the HKFDA joins its force to promote the industry with other organizations and hence is recognized as one of the leading fashion institutions in Hong Kong, the Mainland and other cities in the Asia Pacific region.
About Cultural and Creative Industries Development Agency The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries.. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.
Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.
– Keio Plaza Hotel Recognized for Its Company-wide Sustainability Promotion, Food Waste Reduction and Installation of Clothing Collection Boxes –
TOKYO, Dec. 9, 2025 /PRNewswire/ — Keio Plaza Hotel Co., Ltd. received the highest award, the Grand Prize, at the Eco Mark Award 2025, an awards program hosted by the Japan Environment Association, a public-interest foundation. This program has been held annually since 2010, and the company has become the second hotel to receive this highest honor. And this marks the first time a participant from the hotel industry has received this distinction since the award was renamed the “Grand Prize” in 2017.
This award recognizes Keio Plaza Hotel’s multifaceted endeavors, including its establishment of a company-wide SDGs Promotion Committee centered around its “SDGs Promotion” newly created in June 2024, and its efforts to reduce food wastes by transforming “mottainai” (Japanese term for “too good to waste”) into “delicious” food products, and measures to promote resource recycling through the installation of unnecessary clothing collection boxes, an idea originating from its employee. The Keio Plaza Hotel will continue to contribute to the development of a sustainable society as part of its efforts to maintain its position as a hotel chosen by its guests.
Established in 2010, this annual award program is hosted by the Japan Environment Association. It recognizes companies and organizations that significantly contribute to building a sustainable society by providing consumers with environmentally conscious products and services, and by implementing corporate environmental improvement efforts. It is one of Japan’s most prestigious awards recognizing various environmental and societal endeavors.
What is the Eco Mark
Eco Mark has played a key role as one of the founding organizations of the Global Ecolabelling Network (GEN), a worldwide environmental labelling network compliant with ISO 14024 since its inception. Furthermore, the “Hotel and Ryokan” Eco Mark certification was listed as one of the reliable sustainability certifications meeting the standards of “Travalyst,” a global partnership involving major worldwide booking sites, in September 2024.
MELBOURNE, Australia, Dec. 9, 2025 /PRNewswire/ — Riddle 3 Pty Ltd ACN 622 918 370 and others noted as the Issuer/Borrower in the table below (Riddleor the Issuer) is seeking to raise a total of AUD 15,608,966 in funds by the issue of loan notes, according to an announcement today by the underwriter Banner Capital Management Limited (the Arranger/Underwriter). The issue comprises progressively drawn notes as detailed below.
The following is a text of the announcement:
Banner Capital Management Limited as Arranger and Underwriter has announced today that the Issuer is seeking to raise AUD 15,608,966 through the issue of a series of debentures (in the form of loan notes) for the purposes set out below.
The loan notes (the Notes) to be issued represent a loan commitment of up to AUD 15,608,966.
Pursuant to an agreement with the Issuer, the offer is made by the Underwriter to investors who are qualified as ‘wholesale investors’ as defined in the Corporations Act 2001 (Cth). The Underwriter has agreed to initially subscribe for the issued Notes on 5 December 2025 and will offer the loan notes pursuant to the agreement.
This open letter constitutes an offer of the Notes for the purposes of the ‘public offer test’ in section 128F(3)(e) of the Income Tax Assessment Act 1936 (Cth). That provision provides an exemption from Australian interest withholding tax in relation to interest paid on the loan notes to non-Australian noteholders.
Financiers and those in the business of dealing in debentures, or the buying and selling of loan notes or other debt interests and who are interested in subscribing for the Notes will be required to give customary representations, warranties and information about their status, to assist the Issuer to demonstrate compliance with section 128F of the Income Tax Assessment Act (Cth).
KEY FEATURES OF THE OFFER
Issuer/Borrower
Riddle 3 Pty Ltd ACN 622 918 370
Riddle 6 Pty Ltd ACN 622 918 530
Riddle 7 Pty Ltd ACN 622 918 585
Riddle 9 Pty Ltd ACN 622 918 674
Riddle 10 Pty Ltd ACN 622 918 736
Riddle 12 Pty Ltd ACN 622 918 843
each in their own capacity and as trustee of any relevant trust
Financier/Underwriter and Arranger
Banner Capital Management Limited ACN 600 738 181 as trustee of the Banner Wholesale Real Estate Credit Fund
The Offer
An offer to subscribe for Loan Notes on the terms described in the transaction documents. The general terms of the transaction documents are set out in this Term Sheet.
Security and Ranking
• Second ranking mortgage over:
o 12 Wohl Court, Riddells Creek VIC 3431;
o 89 Amess Road, Riddells Creek VIC 3431;
o 115 Amess Road, Riddells Creek VIC 3431;
o 69 Wohl Court, Riddells Creek VIC 3431;
o 1042 Kilmore Road, Riddells Creek VIC 3431; and
o 58 Wohl Court, Riddells Creek VIC 3431.
• Second ranking General Security Deed over the Issuers; and
The proceeds of the issue of the Loan Notes will be used by the Issuer to refinance the existing facility and to fund development costs draws.
Settlement Date
5 December 2025
Term
18 months from the settlement date
Type of Instrument
Mezzanine Loan Notes
Issue amount
AUD 15,608,966 (progressively drawn and inclusive of capitalised interest).
Interest Rate
15% coupon per annum capitalised and paid at maturity
Transferability
The Notes are freely transferable without the consent of the Issuer
Governing Law
Victoria, Australia
The Issuer reserves the right in its absolute discretion to vary the terms set out above and accept or reject any offer. This offer will expire on 8 January 2026.
For further information please contact Brett Macgillivray at Banner Capital Management Limited – on +61 (3) 9929 6400 Email: enquiries@bannerassetmanagement.com
Restrictions in certain jurisdictions, including Australia
The distribution of this announcement and the offering and sale of the Notes in certain jurisdictions may be restricted by law. This message does not constitute an offer, invitation or solicitation to participate in the offer and be issued Notes in any jurisdiction where, or to any person or entity to whom, it would be unlawful to make such an offer, invitation or solicitation.
This message is not a prospectus or disclosure document and it has not been lodged with the Australian Securities & Investments Commission under Chapter 6D of the Corporations Act 2001 (Cth) (Corporations Act). The offer of Notes is only available to domestic and foreign investors who are qualified as “professional investors” or “sophisticated investors” as defined under the Corporations Act (Wholesale Investors). By accepting the offer, an offeree represents that the offeree is a Wholesale Investor. No Notes will be issued or sold in circumstances that would require the giving of a disclosure document under Chapter 6D of the Corporations Act.
The Notes referred to in this message have not been nor will they be registered under the US Securities Act of 1933, as amended (Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. There will be no public offering of the Notes referred to in this message in the United States.
About Banner
Banner Capital Management Limited is an Australian based alternate asset manager specialising in actively managed property debt and has provided attractive risk-adjusted returns to its investors since 2012.
www.hongkongfashionfest.com
