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Macau Leisure and Travel Service Innovation Association and Macau Pass Jointly Organize Tourism Promotion and “Experience Macao Unlimited” Product Launch

SINGAPORE – EQS Newswire – 14 August 2023 – The tourism promotion jointly organized by Macau Leisure and Travel Service Innovation Association and Macau Pass and “Infinite Fun in Macau” product launch for Travel Pass for international travelers are held at National Association of Travel Agency of Singapore (“NATAS “) Travel Fair on August 11.

Mr. Cheng Wai Tong, Deputy Director of Macao Government Tourism Office; Mr. Zhou Zheng and Ms.Wang Jin, Deputy Directors of China Tourism Office in Singapore; Ms. Kong Yuan, Deputy Director of Singapore Chinese Cultural Centre; Mr. Charles Tan, Secretary General of the NATAS Executive Committee; Mr. Paul Wong, President of Macau Leisure Travel Services Innovation Association; Ms. Yeni Li, President of Customer Service Division of Macau Pass Group Holdings Limited; Mr. Bobby Wong, Vice President of Industry Operations of Macau Pass Travel Agency Limited; and representatives from Macao and Singapore travel agencies attended the event.

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Mr. Paul Wong said that in response to the direction of the Macao SAR Government to explore the international tourism market, and to promote the use of travel+ cross-regional cooperation package products to further enrich the experience and convenience of international tourists in Macao, the Association and Macau Pass jointly launched Limited Edition Macau Pass Card for “Infinite Fun in Macau” (“Card”) for international tourists. The Association will continue to encourage the industry to provide tourists with more intimate service experiences, make full use of Macao’s unique advantages, implement the “1+4” strategy of appropriately diversified development, and assist the Macao SAR Government to build a new platform for “Tourism+” cooperation, expand regional and international tourism, and generate more business opportunities.

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Ms. Yeni Li said that Macau Pass is honored to cooperate with the Macau Leisure Tourism Innovation Association to launch the Card. This electronic spending card with the theme of Macao tourism, can be used by tourists for shopping, dining, taking buses and light rail, and almost all consumption in Macao. It also provides Macao tourism information to tourists so that they can feel the fun of traveling the whole of Macao with one card in hand. mPay, the largest e-wallet in Macao’s payment market and a member partner of Alipay+, enables Macao merchants to connect with 15 digital payment tools in the Asia-Pacific region in one stop, covering more than 1 billion consumers. Singapore has always been an important international market for Macao, and Macau Pass will continue to optimize the payment experience for travelers. Macau Pass hopes that the Card can give Singaporean tourists the best travel memories in Macao.

Hashtag: #MACAUPass

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

About Macau Pass S.A.

Macau Pass S.A. is a non-bank local financial institute with the scope of financial clearance, and is also a credit institution qualified to issue cards in Macao. In 2007, Macau Pass introduced the first contactless smart card in Macao, “Macau Pass Card”, which is now the largest contactless smart card and electronic payment system in Macao. Macau Pass introduced mobile payment into Macao in 2015 and created mPay app in 2018, which has now become the most used payment app in Macao, and is now actively integrating more non-payment scenarios to serve local merchants, residents and tourists. For details on Macau Pass’ information, please visit

MyRepublic Launches HyperSpeed 10Gbps Fibre Broadband for $59.99 per Month

New fibre broadband plan boasts powerful connectivity at the best value per dollar

SINGAPORE – Media OutReach – 14 August 2023 – MyRepublic, the award-winning telecom operator and enterprise technology provider, today unveiled HyperSpeed 10Gbps along with GAMER 10Gbps, their 10Gbps home broadband trial offerings built with lightning-fast connectivity for those who seek speedier in-home connectivity, especially with simultaneous multi-device usage. The most powerful broadband plans released by the company to-date, HyperSpeed 10Gbps is the most competitively priced 10Gbps home broadband trial offering in the market, providing consumers an unprecedented combination of speed and value.

MyRepublic Hyperspeed 10Gbps - From S$59.90/month

Engineered to provide hyper-fast bandwidth for both work and leisure, HyperSpeed 10Gbps allows users to enjoy faster upload and download speeds with minimal-lag streaming and gaming, across multiple devices all at once. This comes on the back of MyRepublic’s recent win for ‘Best Fibre Broadband Service Provider’ at the HardwareZone + HWM Tech Awards 2023.

Lawrence Chan, Managing Director, MyRepublic Singapore said: “We entered the 1Gbps market many years back during its early infancy stage, disrupting the industry to create greater accessibility to the fastest broadband speed at market-friendly pricing. While the digital world today is moving at a breath-taking speed, as a technology company at the forefront of agility and innovation, MyRepublic is committed to reshaping the broadband market in Singapore once again with best value per dollar at the fastest speed plans to enable everyone to get the most out of their digital experience through seamless, and reliable connectivity. Through our HyperSpeed 10Gbps and GAMER 10Gbps plans, we are proud to make this a reality for our customers, fulfilling their connectivity needs from the comfort of their homes.”

HyperSpeed 10Gbps and GAMER 10Gbps are available at $59.99/month and $64.99/month with a one-time top up of $150 respectively.

HyperSpeed 10Gbps GAMER 10Gbps
  • Suitable for bigger households with multiple devices and users
  • Symmetrical download and upload speeds
  • Stream 4K movies with ease
  • Instantaneous uploads and downloads
  • No-fuss livestreaming
  • Suitable for gamers
  • Low latency to international servers with Custom Network Routing and Live Latency Monitoring
  • Download and update games at up to 10x the speed of 1Gbps
  • Multiple gaming devices can play simultaneously online with minimal lag
  • Optimised for Cloud Gaming – stream games in full HD with minimal lag
All plans include:

  • FREE Termination Point Installation (worth up to $162 For New Customers with No Prior TP)
  • FREE Home Phone Line with Unlimited Local Calls
  • 1Gbps and 24-month contract + 10Gbps speed during the public trial period (currently ending 31 December 2023)

MyRepublic is working with TP-Link, the first vendor to launch Wi-Fi 6E and 10GbE products in the world. Its Archer AXE300 router, which won the iF Design Award in recognition of its innovative design, features the latest advances in Wi-Fi 6E and 10GbE networking technology.

MyRepublic, TP-Link, Archer AXE300 router

“We are pleased to be working with MyRepublic, the HWM Tech Award Winner for Best Fibre Broadband Service Provider, to help their customers achieve a high-quality lifestyle with various internet access scenarios and whole home wireless coverage demand,” said Hugo Cai, Regional Director of TP-Link Technologies.

In addition to its home broadband plans, MyRepublic offers 10Gbps plans for businesses and enterprises. With Big Pipe 10Gbps, companies can enjoy unrivalled bandwidth, low latency connections and enhanced productivity for their critical operations. More information on its business offering can be found here.

For more information and to sign up for a HyperSpeed 10Gbps or GAMER 10Gbps plan, you may visit https://myrepublic.net/sg/10gbps/.

Hashtag: #MyRepublic

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

About MyRepublic

MyRepublic is an award-winning telecom operator that aims to transform lives by creating a connected world that is seamless, smart and safe, while innovating the way telcos operate.

BHC Class Action Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Bausch Health Companies Inc. (BHC) Investors of Securities Fraud Class Action Lawsuit

Radnor, Pennsylvania – Newsfile Corp. – August 13, 2023 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Bausch Health Companies Inc. (“Bausch”) (NYSE: BHC). The action charges Bausch with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Bausch’s materially misleading statements and omissions to the public, Bausch’s investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR BAUSCH LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/bausch-health-companies-inc?utm_source=PR&utm_medium=link&utm_campaign=bhc&mktm=r

CANNOT VIEW THIS VIDEO? PLEASE CLICK HERE

LEAD PLAINTIFF DEADLINE: SEPTEMBER 25, 2023

CLASS PERIOD: AUGUST 6, 2020 THROUGH MAY 3, 2023

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or via email at info@ktmc.com

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

BAUSCH’S ALLEGED MISCONDUCT
Bausch is a pharmaceutical company known for its majority ownership of Bausch + Lomb Corporation (B+L). In 2016, Bausch was forced to replace its senior management and attempt to rebuild its reputation after it was revealed that it had engaged in one of the most egregious cases of securities fraud in U.S. history. Among other things, Bausch was forced to restate its financial statements, enter into a settlement with the SEC, and settle a class action with investors for a payment of more than $1.1 billion. The class action lawsuit, however, did not resolve all of Bausch’s investors’ claims as a number of “Opt-Out Plaintiffs”, consisting of numerous institutional and professional investors, proceeded with their claims after the settlement. According to the complaint, the potential damages at issue from the Opt-Out Plaintiffs equals approximately $4.2 billion.

The Class Period begins on August 6, 2020, when Bausch announced a plan to spinoff B+L as a separate company in order to reduce Bausch’s debt. When the spinoff was announced, Bausch knew they faced substantial risk from the Opt-Out Plaintiffs. Bausch also knew that spinning-off B+L would leave Bausch with significant debt and the loss of the cashflow B+L had historically generated.

On May 5, 2022, B+L effected the spinoff and began trading as an independent company under the ticker “BLCO” on the NYSE. Throughout the Class Period, Defendants repeatedly described the B+L spinoff as an attempt to reduce Bausch’s debt and said the spinoff was in the best interest of Bausch shareholders. The spinoff was actually an attempt to shield valuable assets from the Opt-Out Plaintiffs that ultimately operated to the detriment of ordinary Bausch shareholders.

On May 4, 2023, Bausch released its first quarter 2023 financial results, revealing negative earnings, indicating further delay of its B+L spinoff share distribution, which had been originally scheduled for May 2022. Analysts claimed that the probability of a distribution was now less than 50% and unlikely to occur in the near term. Following this news, Bausch’s stock price fell $1.51, or 25.3%, to close at $5.89 per share on May 4, 2023.

WHAT CAN I DO?
Bausch investors may, no later than September 25, 2023, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Bausch investors who have suffered significant losses to contact the firm directly to acquire more information. The class action complaint against Bausch, Kelk v. Bausch Health Companies, et al., Case No. 23-cv-03996, is filed in the United States District Court for the District of New Jersey before the Honorable Zahid Nisar Quraishi.

CLICK HERE TO SIGN UP FOR THE CASE

WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com

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

The 11th Straits Youth Day held in Fuzhou, Fujian Province

FUZHOU, CHINA – EQS Newswire – 14 August 2023 – On August 10th, the 11th Straits Youth Day, co-sponsored by Taiwan Affairs Office of the State Council, All-China Youth Federation and Fujian Provincial People’s Government, was held in Fuzhou, Fujian Province.

The Youth Day is themed as “Shouldering Responsibility for Common Well-being”. Prepared and managed by the youth, the event was dedicated to creating a “Youth Carnival” that engages young people across the Straits who can foster bonds and build empathy, becoming a signature event that continuously promotes cross-straits youth exchanges. The Youth Day brought together more than 1,000 guests and young representatives from all walks of life across the Straits, including around 600 young people from Taiwan.

The Youth Day is the main event of the 11th Straits Youth Day. In addition, this year’s Strait Youth Day will also host more than 30 activities, covering a wide range of fields including digital economy, rural revitalization, talent exchange, meteorology and environmental protection, intangible cultural heritage, internships and employment, as well as innovation and entrepreneurship.

Since 2013, the Strait Youth Day has successfully held 265 straits youth exchange activities, attracting more than 30,000 young people from both sides of the straits, including 17,000 young people from Taiwan. Covering hundreds of universities, university clubs, and youth groups in Taiwan.

https://drive.google.com/file/d/14gdGu6egFdJE4gkT-15PndJjhwK90shG/view
Photo: Scene of the 11th Straits Youth Day

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

Yangzijiang Financial Holding announces half year results with growth in diluted EPS

SINGAPORE – Media OutReach – 12 August 2023 – Yangzijiang Financial Holding Ltd. (SGX:YF8) reported an impressive first half of 2023, with total income soaring 14.2% year-on-year to S$198.4 million and net profit to equity holders of the Company increasing 19.2% to S$162.5 million. This was bolstered by a net gain of S$34.5 million in fair value of financial assets as compared to a S$19.0 million fair value loss in the first half of 2022. Diluted earnings per share (EPS) also skyrocketed 27.2% to SGD4.39 cents in 1H2023 compared to SGD3.45 cents in 1H2022, partly due to a 6.2% year-on-year decline in the weighted average number of ordinary shares outstanding to 3.65 billion shares.

The Group’s Maritime Fund, which has since been enlarged from US$500 million to US$600 million, has closed 12 deals, committed an amount of US$173.8 million, and invested US$109.3 million, achieving an internal rate of return (IRR) of 16.4% and return on equity (ROE) of 17.7%.

CEO Vincent Toe commented: “The Group’s international portfolio has gotten off to a great start and we are currently reaping the rewards of our investments. Our diversified set-up for this portfolio, currently spanning across 4 different asset types, is designed to reduce portfolio volatility while still achieving strong returns for all our stakeholders in the long-run.”

Executive Chairman Ren Yuanlin added: “We are confident that our strong financial position in a volatile market will enable us to capitalise on suitable investment opportunities as and when they arise, both within and beyond China.”Hashtag: #maritime #shipbuilding #SGX #mainboard

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

Yangzijiang Financial Holdings

Yangzijiang Financial Holding Ltd. is a Singapore-incorporated company that specializes in investment management, wealth management services, and fund management.

Hong Kong Virtual Asset Exchange Receives SFC Approval-in-Principle to Operate a Digital Asset Trading Platform

Will become the first Hong Kong-incubated digital asset platform to receive Type 1 and Type 7 licenses

HONG KONG SAR – Media OutReach – 11 August 2023 – Hong Kong Virtual Asset Exchange (HKVAX) today received approval-in-principle from the Securities and Futures Commission (SFC) to carry out Type 1 and Type 7 regulated activities, will become just the third licensed virtual asset operator in Hong Kong.

From left to right: Sam Fok, Co-Founder and COO of HKVAX and Dr. Anthony Ng, Co-Founder and CEO of HKVAX
From left to right: Sam Fok, Co-Founder and COO of HKVAX and Dr. Anthony Ng, Co-Founder and CEO of HKVAX

HKVAX, founded by Hong Kong entrepreneurs, aims to bridge the gap between traditional and digital finance, and between the West and the East, by setting a new standard in digital asset trading. HKVAX also aims to become a benchmark for new product categories such as STOs (Security Token Offering, or asset-backed tokens) to leverage investment opportunities in Web3.

“Hong Kong has grown into a hothouse for innovative technologies, fintech and virtual assets,” said Dr. Anthony Ng, Co-Founder and CEO of HKVAX. “We are delighted to have received approval-in-principle from the SFC and look forward to creating a safe and trusted environment for investors in one of the world’s largest and most dynamic financial centres.”

Once HKVAX receives final approval for its Type 1 (dealing in securities) and Type 7 (providing automated trading services) licenses, the company will offer three core products: an OTC brokerage with tight spread and high liquidity, which allows users to easily trade between fiat currencies and virtual assets; an institutional grade exchange platform; and a 100% insured custody solution with clear access control and segregation between client and house assets.

“As we continue to grow our business and expand the range of product offerings in Hong Kong, we strive to be the most reliable investment solutions provider and to work together with strategic investors for our next funding rounds,” Dr. Ng added.

Today’s announcement comes after the Hong Kong Government and the SFC revealed impending changes to the regulatory environment, aimed at creating robust and comprehensive governance for a sustainable and responsible virtual asset industry. Additionally, starting in early 2022, registered institutions and licensed corporations are required to collaborate with SFC-licensed virtual asset exchange platforms only for relevant trading services. The changes demonstrate Hong Kong’s commitment and determination to explore financial innovations alongside the virtual asset and the Web3 community. They also recognise the growing demand for virtual assets as institutional investors, family offices, high net-worth individuals and retail investors aim to diversify their portfolios in the hunt for both returns and protection from economic headwinds.

“The digital asset industry has faced numerous challenges in recent years, primarily related to centralised governance. From day one, we have been focused on governance, compliance, risk management and security. The recent market turmoil shows the value of that approach,” said Sam Fok, Co-Founder and COO. “Over the last two years, we have worked very closely with the government and other stakeholders to strengthen regulations. We welcome the changes proposed recently by the SFC that open up virtual assets to a wider community while providing investors of all types with the transparency, reliability and protection they expect. The changes also signal Hong Kong’s intent to become a global virtual asset hub.”

In addition to its portfolio of products and services, HKVAX is building a global ecosystem for investors by partnering with licensed and issuance platforms from five of the world’s most significant financial hubs, including New York, London and Singapore. The goal is to provide clients with a bridge to investment opportunities across the globe.

Hashtag: #HongKongVirtualAssetExchange #HKVAX

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

About HKVAX

Hong Kong Virtual Asset Exchange (HKVAX) is the first digital asset platform founded by a Hong Kong team. Our vision is to become a trading bridge between traditional and digital finance, and between West and East, providing a range of innovative products for institutions and investors.

We hold ourselves to the highest standards in risk and compliance management, ensuring complete separation between our clients’ assets and HKVAX funds. This practice fosters a culture of transparency, reliability, and protection that aligns with investors’ expectations.

For further information, please visit the website:

CellX Achieves Groundbreaking Milestone with China’s First Large Scale Cultivated Meat Pilot Plant

SHANGHAI, CHINA – Media OutReach – 11 August 2023 – CellX, a leading cultivated meat company, announced on August 9th the completion and operation of its first large-scale cultivated meat pilot plant. It is named Future Food Factory X (FX) after Fu Xi, an ancient Chinese animal husbandry pioneer, whom heralds a new era in meat production in China. This milestone marks China’s first large-scale pilot plant for cultivated meat, with a leading level of production costs well below $100 per pound.

The global cultivated meat landscape has seen the establishment of over 10 pilot plants, with only a few achieving a scale of 1,000 liters. CellX stands out as the sole Chinese company capable of upscaling cultivated meat production to the large-scale level. The completion of CellX’s pilot plant enables further technological validation and paves the way for future large-scale production and customized product development.

CellX’s pilot plant utilizes its proprietary cell cultivation technology and operates with fully digitized intelligent management systems. Positioned as China’s first “transparent food space” for cultivated meat, it integrates technology research and development, pilot production, and interactive consumer experiences. Starting from now, consumers will have the opportunity to taste and enjoy a variety of delicacies made from cultivated meat at this innovative facility.

In preparation for large-scale production, CellX’s FX pilot plant leverages its self-developed suspension cell line and low-cost serum-free culture medium. These innovative technologies have successfully reduced production costs to below $100 per pound, which will be further slashed by 2025 market launch.

“Cultivated meat technology embodies a safe, efficient, and sustainable approach to meat production,” said Shuangshuang Chen, Head of Research and Development at CellX. “We can craft meat that is both delectable and nutritious, providing consumers with a superior alternative.”

Currently, the company has screened nearly 20 immortalized cell lines by utilizing a high-throughput automated system, with several of them already been successfully adapted to grow in single sell suspension. It also marks the world’s first successful single cell suspension of fish cell lines. CellX’s approach targets the high-end market first, with plans to introduce products to the mass market as they continue to scale up and reduce costs in the future.

By the end of 2022, the cultivated meat industry has seen over 300 startups engaged in raw material supply, services, and product development, with total financing exceeding $2.78 billion. Many countries and regions have also begun preparing for the regulation of cultivated meat products. Notably, the United States and Singapore have granted market approval for cultivated meat products, signaling the path towards consumer acceptance.

In its pursuit of advancing the commercialization of cultivated meat, CellX actively collaborates with esteemed universities and industry-leading companies worldwide, for example, their strategic collaboration with Tofflon Group and other leading cell culture media companies in China expedites the establishment of pilot plants and research centers, further solidifying its position as a prominent player in the industry.

Ziliang Yang, CellX’s Co-founder and CEO said, “We are diligently working towards obtaining market approval in countries like the United States and Singapore, with the aim of launching our products by 2025.” With a highly skilled team consisting of 40+ professionals, including overseas returnees and doctoral scholars from renowned universities, CellX is committed to continuous technological innovation and cost reduction, striving to become the first Chinese company to bring cultivated meat to consumers around the world.
Hashtag: #CellX

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

Vientiane Capital’s Tax Department Announces Ban on Cash Payments to Prevent Corruption

The Lao Tax Department, which is part of the Ministry of Finance, revealed on Tuesday that employees will not be allowed to receive tax payments from businesses that are paid in cash.