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Banyan Group’s Visionary Eco-Friendly Phuket Residential Community Gets First Exclusive Showcase in Singapore

The debut Singapore sales event March 16-17 for Laguna Lakelands will introduce the groundbreaking USD2bn project to Singapore Residents


SINGAPORE – Media OutReach Newswire – 8 March 2024 – A landmark new eco-friendly residential community in Phuket aimed at the international community who are looking for second homes or primary residences on the Thai island has now launched international sales, with its first exclusive showcase to be held in Singapore on March 16-17.

Banyan Group’s Visionary Eco-Friendly Phuket Residential Community Gets First Exclusive Showcase in Singapore


Developed by the Banyan Group, whose iconic Banyan Tree Resorts brand has become one of the most admired and successful Asian hospitality brands, Laguna Lakelands is located on the Central West coast of Phuket next to Asia’s biggest and most iconic integrated resort, Laguna Phuket.

Spanning no less than ten million square feet (700 rai or 276 acres) of botanical gardens, parks, rainforest, tranquil lagoons and rolling hills, Laguna Lakelands will be Phuket’s largest private residential community, and a self-contained green sanctuary designed for a new community of global citizens seeking high quality lifestyle balanced by nature. It will also have its own dedicated Country Club and chic residents’ Beach Club.

The sales event to introduce Laguna Lakelands to the Singapore market will be held at The St Regis Singapore, Diplomat room, Level 1, on March 16-17, 2024, 11am-6pm

The development comes as the Phuket real estate market is booming, fuelled by an increasing desire for families from all over the world, including Singaporeans, to enjoy a second home in Phuket, or even to relocate there.

“The launch of our new project clearly shows the paradigm shift we’re seeing from Phuket as a great place to visit, to Phuket as a great place to live, with a huge demand not only for second homes but increasingly for primary residence,” said Banyan Group founder and Executive Chairman KP Ho.

“High-quality property is still significantly cheaper in Phuket than in most of the buyer source markets like Singapore, Hong Kong or Europe, which is also an important factor,” he said.

Phuket’s strategic location within 5 or 6 hours flight of over 40% of the world’s population, its attractive year round climate and world-class international schools and hospitals are also part of its growing attraction.

Homes on offer in Phase I are remarkably affordable and include one to three bedroom Lakeview Residences, condominiums in four and seven-storey complexes with rooftop infinity pools, as well as sophisticated four-bedroom Waterfront Villas with private pools and gardens, with an average built area of 5,600 sqft.

Prices start from just THB 7m (SGD260,000).

Uniquely for Thailand, the developer also offers financing options which allow owners to purchase residences with staged payments over several years.

The first two blocks of Lakeview Residences have already been snapped up by visitors to Phuket since the recent launch.

About Laguna Lakelands
Interconnected by 15km of walkways, foot bridges and cycling trails, and with its own dedicated residents’ Beach Club and Country Club, Laguna Lakelands is designed as an enchanting natural retreat of respite and relaxation where nature is the star, in Phuket’s prestigious Bang Tao district on the Central West coast of the island.

Laguna Lakelands has 5 distinct themed residential areas, Hillside, Orchard, Forest, Lakeside and Lagoon – each with its own distinct character and charm, while all being interconnected with extensive walkways and cycling trails.

A wide range of recreational options for all ages is incorporated for a new generation prioritising health and wellness – including a community Country Club with swimming pool, sports fields and tennis courts and lots of activities for all the family.

There will be hillside adventure and woodland play zones as well as wilderness hiking and cycling trails with a dedicated mountain bike park; and even a rainforest walkway to a treetop lookout for admiring the dramatic sunsets.

The entire community is anchored by a ‘town centre’ of shops and services, lakeside dining, and there’s even a chic residents’ beach club, as well as an elevated events zone with a large terrace commanding spectacular views over the Andaman Sea.

Majestic waterscapes with a wide range of both open and intimate spaces are designed to create a lakeside lifestyle that promises a refuge of unparalleled magnificence and serenity.

The landscaping cultivates a sustainability-focused lifestyle, incorporating woodland walks through enchanting rainforests with elevated ‘lookout’ pods, organic orchards and rooftop gardens growing farm-to-table produce, a fish pond, play areas for young ones to explore, and native wildflowers in picturesque meadows — with seating areas for restful moments.

Laguna Lakelands, while a separate self-contained entity, is directly connected to Laguna Phuket, bringing the best of both worlds; an idyllic natural sanctuary with easy access to the first-class amenities and indulgences of the world class neighbouring resort.

“From exclusive beach access to world-class dining, spas, golf course, education programmes and a plethora of social events, this integrated community promises an all-encompassing lifestyle full of rich experiences, abundant wellness, and unbridled pleasure,” added Stuart Reading, Managing Director of Group Property Development at Banyan Group.

Laguna Lakelands is also just a 30-minute drive from vibrant Phuket Town, lively Patong Beach and 30 minutes from Phuket International Airport.

Laguna Lakelands Event Details:
Sat 16 & Sun 17 March – 11am-6pm
The St Regis Singapore
Diplomat Room, Level 1,
29 Tanglin Rd, Singapore

Hashtag: #BanyanGroup

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

About Laguna Phuket

Laguna Phuket is Asia’s premier integrated destination. Set against the stunning backdrop of the Andaman Sea, on a 3km stretch of pristine beach, Laguna Phuket is home to seven world-class hotels, premium facilities and a branded residences and property division. Spanning over 1,000 acres of lush parkland and beachfront and located just a 25-minute drive from Phuket International Airport, Laguna Phuket offers an award-winning 18-hole golf course, luxury spas, exceptional dining options, and countless activities to create unforgettable experiences.

With more than 1,400 rooms, the destination offers accommodations that suit all, from families with young children to intimate, luxurious stays. Hotel guests staying within Laguna Phuket are welcome to enjoy the unlimited shuttle bus and shuttle boat service and the fully integrated cashless payment system – meaning guests can choose to charge expenses back to their room from anywhere in the destination. On top of the 7 Hotels, Laguna Phuket has a Branded Property division that offers sales and rentals of a variety of residences, apartments and villas for guests who wishes to live or invest in a holiday home within our integrated destination.

About Banyan Group

Banyan Group (“Banyan Tree Holdings Limited” or the “Group” – SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans across 70 hotels and resorts, over 60 spas and galleries, and 14 branded residences in over 20 countries. Comprising 12 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme withBanyan. The founding ethos of “Embracing the Environment, Empowering People” is embodied through the Banyan Global Foundation and Banyan Management Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.

The Functional Foods for Wellness Summit KL 2024 concluded successfully in Kuala Lumpur, Malaysia, on March 7th


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 March 2024 – The Functional Foods for Wellness Summit KL 2024 concluded successfully in Kuala Lumpur, Malaysia, on March 7th. The summit received strong support from international organizations such as the International Probiotics Association (IPA), the Malaysia Dietary Supplement Association (MADSA), the Japan Health Business Media, the Health Food Supplement Association (HFSA), and the Expert Nutraceutical Advocacy Council(ENAC®). Over a hundred and fifty experts, industry association representatives, and corporate executives engaged in the health food industry from countries and regions including China, Malaysia, Indonesia, India, Japan, Australia, Thailand, and Turkey actively participated in this international industry event.

The Functional Foods for Wellness Summit KL 2024 concluded successfully in Kuala Lumpur, Malaysia, on March 7th
The Functional Foods for Wellness Summit KL 2024 concluded successfully in Kuala Lumpur, Malaysia, on March 7th

More than twenty experts and scholars from organizations such as the International Probiotics Association, Health Food Supplement Association, Nestlé, Mengniu Dairy, DSM, and others provided in-depth insights on topics of industry-wide interest, including health food regulatory policies, product innovation and research and development, and market development trends. Keynote speeches on popular topics such as precision nutrition and gut microbiota also sparked enthusiastic discussions among attendees.

The summit was well received by the attendees. Mr. Nik Fahmi Mokhtar from Biotropics Malaysia said, “This is an excellent event. It’s well organized, and the speakers and their presentations are very informative and relevant to us. We really enjoy it and look forward to future events like this.”

To recognize outstanding achievements in the field of functional food, the organizing committee presented 16 trophies and certificates to 7 companies during the awards ceremony on the first evening of the summit.

Annual Ingredient Cardiovascular Health Award——Kaneka Ubiquinol™

The FFWS Annual Ingredient Cardiovascular Award recognises Kaneka Ubiquinol’s significant contribution to supporting cardiovascular health with over 45 years of scientific research, 90+ studies and 80+ patents supporting its rigour, innovation and excellence in precision Japanese manufacturing quality in the quest to support optimal cardiovascular health for millions across the region.

Tsuyoshi Takakuwa, Head of Marketing and Sales at Kaneka, expressed his gratitude and excitement over the win: “We are deeply honoured to receive this distinguished award from FFWS. It is a testament to our commitment to providing high-quality, evidence-based bioidentical Ubiquinol that supports cardiovascular health and overall wellbeing.”

“The recognition by the FFWS judges fuels our passion to continue innovating and contributing to the health of individuals worldwide. We thank you all.”

Kaneka Ubiquinol is scientifically proven to support mitochondrial function throughout each cell in the body for multiple functions including cardiovascular health and the maintenance of healthy cardiovascular function, supporting blood vessel health and healthy LDL cholesterol, amongst many other functions including fertility and energy production.

Annual Infant and Toddler Nutrition Innovation Award——Mengniu Ruibuen Enzhi Infant Formula
Annual Healthy Aging Nutrition Product Award——Mengniu Yourui Guli Formula
Annual Immune Function Product Award——Guanyiru Immunity-Enhancing Probiotic Yogurt
Annual Digestive Health Product Excellence Award——Yoyic
Annual Technological Innovation Pioneer Award——ShuHua AnTangJian Sugar Control Lactose-Free Milk
Annual Gut Health Product Award——CHANGYI100% Lactobacillus Drink
Annual Probiotic Product Award——AMBROSIAL AMX Living Probiotics Yogurt
Annual Ingredient for Weight Management Award——Citrus Extract
Annual Ingredient for Oral Beauty Award——Peptivator® Collagen Peptide
Annual Ingredient for Healthy Aging Award——Physta® Tongkat Ali Standardized Extract
Annual Ingredient for Cognitive Function Award——BioKesum® Standardized Persicaria Minor Leaf Extract
Annual Ingredient for Skincare & Beauty Trend Award——AVCO® Activated Virgin Coconut Oil
Annual Popular Product Flavor Award——>Your< Iron Syrup
Annual Product Form Innovation Award——>Your< Iron Forte Liquid Sticks
Annual Emerging Enterprise Growth Award——Vita Green Pharmaceutical (HK) Limited

After the event, the organizer, Lampten Information and Consulting, stated that they will confirm and announce the date and venue for the 2025 Functional Foods for Wellness Summit later this year.

Hashtag: #wellnesssummitkl #thefunctionalfoods

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

Voluntary Conditional Cash Offer for Vinda International is Open for Acceptance


HONG KONG SAR – Media OutReach Newswire – 9 March 2024 – Isola Castle Ltd (Isola Castle) and Vinda International Holdings Limited (Vinda) are pleased to jointly announce that all Pre-Conditions relating to the voluntary conditional cash offer (Offer) to acquire Vinda’s Shares have been satisfied and the Offer is open for shareholders’ acceptance. Isola Castle is a special purpose vehicle indirectly wholly-owned by APRIL which is a member of the RGE-managed group of companies.

Headquartered in Singapore, RGE-managed companies are global industry leaders across a range of sectors in the bioeconomy and in transition and renewable energy. APRIL operates one of the largest, most technologically advanced and efficient makers of pulp and paper products, including its flagship product PaperOneTM.

Belinda Tanoto, Managing Director, RGE, said:
“We are pleased to have satisfied the Pre-Conditions of the Offer which is now open for acceptance. We look forward to the successful completion of the transaction and would like to extend a warm welcome to our Vinda colleagues to be part of the team. Together, we can be stronger and better.”

The two largest shareholders of Vinda – Essity GH and Mr. Li Chao Wang (current Chairman) – representing an aggregate of approximately 72.62% of the issued share capital of Vinda as at the Latest Practicable Date, have both irrevocably undertaken to accept the Offer.

Offer Details
BNPP and CICC, being the joint financial advisers to the Offeror, are making the Offer for and on behalf of Isola Castle to acquire all of Vinda’s Shares (other than those already owned by Isola Castle and its Concert Parties) at HK$23.50 per Share in cash.

The Offer Price of HK$23.50 per Share is at a premium of approximately:

  • 22.12% over the average of the closing prices of the Shares as quoted on the Stock Exchange for the 60 trading days up to and including the Last Trading Day (i.e. 14 December 2023) of HK$19.24 per Share;
  • 145.23% over the audited consolidated net asset value of approximately HK$9.58 per Share, based on the audited consolidated net assets of Vinda as at 31 December 2023 and the number of Shares in issue as at the Latest Practicable Date.

Reasons and Benefits of the Offer
The Offer presents an opportunity for Shareholders to monetise their investment for cash at an attractive premium over the prevailing price of the Shares prior to the announcement of the Offer.

Following the close of the Offer, Vinda can benefit from new opportunities and development in the tissue and personal care industry through the integration of businesses, capabilities and resources.

APRIL is one of the leading manufacturers of pulp and paper products, and Vinda therefore represents a complementary acquisition for APRIL. Subject to the level of acceptances of the Offer, the intention is to privatise Vinda, which if successful, will allow Isola Castle and APRIL to build a stronger, more efficient and more sustainable business.

No Plans for Major Changes
There are no plans to make any major changes to the current business operations of Vinda, including any redeployment of Vinda’s fixed assets or to introduce any major changes in the continued employment of the employees of Vinda as a result of the Offer.

Procedures for Acceptance
To accept the Offer, Shareholders should complete and sign the Form of Acceptance accompanying the Composite Document in accordance with the instructions printed thereon.

The duly completed and signed Form of Acceptance, should be sent, together with the relevant share certificate(s) and/or other document(s) of title, to the Registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, marked “Vinda International Holdings Limited – Offer” on the envelope, in any event not later than 4:00 p.m. on 2 April 2024 (the ‘Closing Date’).

Capitalised terms used herein shall have the same meanings as defined in the Composite Document dated 8 March 2024. The Composite Document can be accessed at www.hkexnews.hk or www.vinda.com.

Enquiry Hotline and Email
For any queries of an administrative and procedural nature regarding the Offer, please reach out via the following ways:

Background Information

  • On 15 December 2023, and subject to the satisfaction or waiver (where applicable) of certain pre-conditions, Isola Castle Ltd (Isola Castle) announced its offer to acquire all the issued Shares in Vinda International Holdings Limited (Vinda) (stock code: 3331) at HK$23.50 per Share other than 92,538,100 Shares (representing approximately 7.69% of the issued share capital of Vinda) already owned by Beaumont Capital Fund Ltd, a wholly-owned subsidiary of Isola Castle.
  • On 4 March 2024, Isola Castle and Vinda jointly announced that all Pre-Conditions had been satisfied.
  • On 8 March 2024, Vinda published a Composite Document in respect of the Offer. The Voluntary Conditional Cash Offer for Vinda is open for shareholders’ acceptance from 8 March 2024.

Hashtag: #RGE

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

About RGE – www.rgei.com

Headquartered in Singapore, RGE manages a group of resource-based manufacturing companies with global operations. We produce sustainable natural fibres, edible oils, green packaging and clean natural gas used to create products that feed, clothe and energise the world. We help improve billions of peoples’ lives through sustainable products they use every day. With more than US$35 billion in assets and 70,000 employees, we are creating a more recyclable, biodegradable and lower carbon future.

Committed to sustainable development, conservation and community development, we strive towards what is good for the community, good for the country, good for the climate, good for the customer, and good for the company. With current operations spanning across Indonesia, China, Brazil, Spain and Canada, we continue to expand and engage new markets.

Gremlin Works launches B2B brand building and digital marketing services


TAIPEI, TAIWAN – Media OutReach Newswire – 8 March 2024 – Brand building and digital transformation have become crucial to business success. To meet these needs, Gremlin Works, a digital marketing company, has recently launched brand building and digital transformation marketing solutions for industries such as manufacturing, technology, chemicals, OEM/ODM, and medical biotechnology, among others. These solutions help companies increase their brand power and compete in the constantly changing market.

Dylan, the digital marketing director of Gremlin Works, said that the company’s brand digital transformation program aims to help companies expand their brand influence and improve sales, customer loyalty, and efficiency through digital marketing strategies. Gremlin Works designs customized marketing strategies based on the client’s needs to help them establish a strong brand image and improve their competitiveness.

The brand building and digital transformation program is based on in-depth market research and an understanding of industry trends. How to break through the competitive environment and continue to maintain competitiveness in the market is a challenge that traditional manufacturing and technology outsourcing companies in Taiwan need to consider. Through brand building strategies, companies can effectively increase their brand awareness by optimizing their website design and user experience to present a complete corporate image and clearly display product and service content. Subsequently, appropriate B2B digital marketing plans can be implemented, such as SEO optimization to improve website search results and enterprise community maintenance to share the latest news and information about the company. This can increase brand exposure and website traffic, thereby increasing overall sales.

Dylan also emphasized that their team has rich experience in counseling companies on digitalization and brand building, providing clients with first-class services and support, allowing them to stand out in the increasingly competitive market. During the COVID-19 pandemic, Gremlin Works successfully helped SMEs and technology giants expand their brands and develop desired cooperation partners online. For companies seeking brand building and digital transformation, this digital marketing program is undoubtedly a worthwhile option. Industry transformation requires companies to look to the future, find new market opportunities and innovative ways, and realize transformation by taking appropriate actions and strategies.

Gremlin Works offers a comprehensive brand marketing consulting service, ranging from building brand image, corporate identity design, official website planning to developing and executing digital marketing strategies. The company helps business clients keep up with the digital trend, expand into new markets, and provide high-quality marketing services through a multi-faceted strategy to improve their business situation, attract more potential customers, and increase conversion rates, thus achieving business transformation and sustainable development.

Do you need the assistance of Gremlin Works? For more information, please visit the Gremlin Works official website: https://gremlinworks.com.tw/.

Hashtag: #GremlinWorks,#數位行銷,#品牌化,#數位轉型


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

About Gremlin Works

Gremlin Works is a full-service digital agency with offices in the UK and Taiwan. We help bridge West and East, localising your brand’s messaging with high converting digital experiences.

Octa: Chinese dragon on traders’ charts


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 March 2024 – Green Wooden Dragon is the symbol of 2024 is, and it promises to be an epic year, as Dragon is seen as a precursor of growth, success, and new opportunities. In the world of traders, there is the Dragon chart pattern that helps traders make profits in the financial markets. Octa Analytics explains what this trading pattern is and how it can be used to generate income from trading.

Octa

What is the Dragon chart pattern

Such an exotic name was given to one of the technical analysis patterns due to its visual similarity to the Chinese Dragon. The pattern is a strong enough figure to predict the future price change.

The Dragon pattern is formed in a falling market. Its formation begins with a Head, which represents a local maximum from an upward correction in a falling market. After the formation of the Dragon’s Head, the market continues to decline, resulting in two consecutive lows appearing on the price chart—these are the front and hind Dragon’s feet. The fifth element—the tail—appears after the confirmation of the pattern when the price breaks through the control line connecting the Dragon’s Head with its Hump. And it is the Tail, where most profit is made.

Reverse Dragon

The formation of the inverse Dragon pattern follows the same rules but in a rising market. The Head and Hump represent local minimums, and the Feet represent the maximum as a result of testing the upper border of the pattern. The formation of the pattern is completed after the price breaks through the support line, which, same as with the classic Dragon, is drawn from its Head to the Hump.

An attentive reader has probably noticed that this pattern is quite similar to another one—the ‘Double Bottom’. Indeed, the Double Bottom can be a part of the Dragon pattern. But that isn’t always the case as the front and back Feet of the Dragon, which make up the double bottom, can be at different levels. And for the ‘Double Bottom’ and ‘Double Top’ figures, these two extremums are expected to be at approximately the same level.

Maximizing Profits with the Dragon Chart Pattern Trading Strategy

The entry point comes when the Dragon shows its tail, meaning after the back Feet, there is a breakout, and the price goes higher. Then, it is necessary to set three main profit targets:

  • The first target is located at the level of the Dragon’s Hump. Here, the most cautious traders can close the trade.
  • The second target is at the level of the Dragon’s Head.
  • The third target is located at a distance equal to the height from the Head to the front Feet, measured from the point of breaking the control line.

The Dragon pattern was conceived as an effective formation to minimise risk while maximising profit. It is not among the most popular, but many traders use it. The Dragon resembles the Double Bottom pattern, and the resulting model is more challenging to interpret, but it is worth studying at least because of the minimal risk it contains.

It is not recommended to enter the Forex market while focusing on the ‘Dragon’ pattern formed on the lowest timeframes, because such timeframes might produce false signals—the optimal ones are the one-hour and four-hour timeframes.

Octa provides all the standard trading tools on its platform, including online chart markup, to find different trading patterns.

Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Octa has also won over 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.

International Women’s Day Reflects Progress, Challenges of Women’s Rights in Laos

Lao women with ethnic groups' traditional clothing (Photo: Explore Laos)

As the world celebrates International Women’s Day on 8 March, Lao women are voicing the progress made in women’s rights amidst the ongoing struggle for gender equality. This commemoration reflects the historical challenges faced by women, who have been marginalized in areas such as labor, education access, and more.

AnchorX Announces Exploration of HKD-Backed Stablecoin, AxHKD


HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges.

Industry leaders from both traditional finance and blockchain technology space sponsored the founding of AnchorX. Hony Capital, a leading investment management firm in China overseeing over USD 16 billion in assets, contributes resource support and business synergies. Additionally, the Conflux Network provides the underlying technology with its superior scalability, security, low latency and cost-effectiveness.

The AxHKD will utilize world-class distributed ledger technology and robust cybersecurity measures. It ensures a 1:1 peg to the HKD, backed by high-quality liquid asset reserves. These reserves are protected by a segregated trust arrangement and held by regulated financial institutions in Hong Kong. OKLink Trust, a strategic partner of AnchorX, will provide custody services.

AnchorX targets two primary applications for AxHKD. Firstly, as a catalyst for global payments, AxHKD facilities cross-border business activities between Hong Kong and the global market. This is particularly beneficial for Belt and Road partners with less developed banking infrastructures. Secondly, AxHKD acts as a reliable fiat-on-chain instrument for virtual asset trading, paving the way for innovation in Real-World Assets and bridging the gap between traditional and digital assets in Hong Kong.

The announcement follows the recent initiatives by Hong Kong authorities to propose a regulatory regime for stablecoin issuers. On December 27, 2023, the Financial Services and the Treasury Bureau, in conjunction with the Hong Kong Monetary Authority (“HKMA”), released a Consultation Paper to gather public comments on the proposed legislation to regulate stablecoin issuers. This paper builds on the Discussion Paper released by the HKMA in January 2022 and the subsequent Conclusion Paper in January 2023.

Byron Wong, the Chief Compliance Officer at AnchorX, commented on the company’s unwavering commitment to meeting regulatory standards, “Hong Kong has adopted one of the most proactive approaches to stablecoin regulation globally. We want to ensure that AxHKD tightly aligns with the proposed stablecoin standards. We will also explore applying for participation in the upcoming regulatory sandbox and hope to contribute our first-hand practical insights to the formation of a successful stablecoin regulatory regime.”

Hashtag: #AnchorX

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

Language tutoring provider Preply to launch its services in Hong Kong


LEEDS, UK – Media OutReach Newswire – 8 March 2024 – Leading online language tutoring provider Preply is launching its services in the Hong Kong region. This strategic expansion marks a significant milestone in the company’s journey towards connecting a global network of hundreds of thousands of learners with 40,000 bookable tutors teaching over 50 languages.

The company was founded in the USA back In 2012 by Ukrainian cofounders Kirill Bigai, Dmytro Voloshyn, Serge Lukyanov. Since then, Preply has become a global leader in language tutoring, with over 650 employees of 60 different nationalities worldwide. With their HQ in Barcelona, they boast a roster of global employees based in 30 countries across Europe, USA, Africa, Asia and Latin America.

Preply’s 12 month plan aims to grow its global footprint by doubling down on AI-based matching and delivering on its promise to connect the largest live language learning community in the world. This approach is based on three core pillars:

  1. Building the best possible experience for tutors
  2. Allowing learners to establish better routines
  3. Developing their app to provide both with an intuitive digital platform.

A spokesperson at Preply, commented:

“Learning with a great tutor is life-changing. That’s why we match online tutors from across the globe with learners and empower them to create personalised live language classes with tools and learning materials. This is how we deliver progress, create engagement and keep learners motivated. A survey of our users in 2019 found 72% of our students have recommended Preply to others.

“Preply recognizes the immense potential and dynamism of the Asian market, and Hong Kong, with its cosmopolitan blend of cultures and languages, presents an exciting opportunity for growth. We are committed to fostering a global community of learners and tutors, and we believe Asia, with its rich linguistic diversity, is a key part of this vision. We look forward to welcoming more learners and tutors from Hong Kong and across Asia to the Preply platform.”

Find out more about Preply at www.preply.com.
Hashtag: #Preply #LanguageLearning #LanguageTutoring

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

About Preply

Preply is an online language learning marketplace connecting more than 32,000 tutors teaching 50 languages to hundreds of thousands of learners in 180 countries worldwide. With student-tutor matches suggested through a machine-learning algorithm, recommended tutors create customized lesson plans to suit the learner’s budget, schedule, and current knowledge.

Preply was founded in 2012 by the Ukrainian team of Kirill Bigai, Serge Lukyanov, and Dmytro Voloshyn. Today, the company has over 400 employees of 58 different nationalities. Preply is a US company with employees in 30 countries across Europe, the USA, Africa, Asia, and Latin America.