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Workato Automate Asia 2023 Shapes New Automation Mindset in Collaboration with Academia in Singapore, Focused on the Future of AI and Automation

The event will feature the launch of Workato CEO’s latest book, seamlessly integrated into local curriculum to empower the workforce with future-ready automation skills.

SINGAPORE – Media OutReach – 28 September 2023 – Workato, the leading AI-powered enterprise automation platform, announced that the groundbreaking new book, “The New Automation Mindset: The Leadership Blueprint for the Era of AI-For-All” authored by Vijay Tella, Workato co-founder and CEO, Massimo Pezzini, former Gartner analyst, and Scott Brinker, Vice President of Platform Ecosystem at HubSpot, will be integrated as part of the curriculum in several institutes of higher learning (IHLs) in Singapore, including Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic, Singapore University of Social Sciences, and Temasek Polytechnic. Recognizing the pivotal role automation plays in shaping the future workforce and building on the momentum of existing partnerships with institutes of IHLs in Singapore, Workato’s partnership with academic institutions aims to equip students with skills for in-demand careers in automation, ensuring they are well-prepared for the ever-evolving job landscape and the demands of an AI-driven world.

“Our partnership with industry leaders such as Workato represents our commitment to ensure our curriculum would be industry relevant and future ready, so as to empower both students and adult learners with skills and knowledge that align with current industry trends,” said David Pooi, Course Chair of Specialist Diploma in Enhanced Human Resource Skills at Singapore Polytechnic. “Amid a competitive global market, it is crucial that our graduates are not just academically proficient but also equipped with industry ready skills. Through such partnerships, our goal is to ensure that students not only find meaningful careers but also contribute to organizational success by unlocking unique value through the use of automation.”

“The New Automation Mindset” is currently on sale at Kinokuniya and provides invaluable insights on navigating the complex world of automation and technology in the age of artificial intelligence. The book will be formally launched at Automate Asia 2023, Workato’s third annual customer and partner conference and the first in-person Automate conference in Singapore. This event is held on October 3 at PARKROYAL COLLECTION Marina Bay.

Vijay Tella, co-founder, and CEO of Workato, said: “Last year, we introduced the idea of The New Automation Mindset, this end-to-end approach to automating at scale across the enterprise. Since then, The New Automation Mindset has evolved into a leadership blueprint for this era of AI-for-all.

“At this year’s Automate conference, we are thrilled to be bringing this new way of thinking about AI, Automation, and Integration to the main stage and learning directly from the people leading this movement. Automate 2023 will be a chance for us to put a focus on automation that helps innovate the future rather than automating the past.”

Automate Asia 2023 sets the stage for global leaders to discuss how their companies are approaching AI, Automation, and Integration and share stories around increasing organizational efficiency and agility, driving business impact across organizations, and more.

Automate will feature dozens of engaging sessions that will include customer case studies, panel discussions, product demos, and more. The sessions will include:

  • “The Future of Automation in Finance and Procurement” with:
    • Donald Bee, Director of Procurement at GoTo Group
    • Raymond Ong, Chief Finance Officer at MoneySmart
    • Vinu Rohit Krishnan, Head of Cloud Economics & CFO Advisory (ASEAN) at Amazon Web Services
    • June Lee, Vice President of Sales at Workato, Asia
  • “CIO Priorities Panel — Scaling Enterprise Automation in an Era of AI” with:
    • Alvin Lim, Chief Information Officer at Fullerton Health
    • Edwin Tan, Director, Data and Integration at Surbana Jurong Group
    • Harikrishnan Raguraman, Head Enterprise Technology at GXS Bank
    • Soobaek Jang, Chief Information Officer and Senior Vice President of Engineering at Wesang
    • Carter Busse, Chief Information Officer at Workato
  • “Building a Digital-first People Strategy for the Modern Enterprise” with:
    • Akarin Phureesitr, Chief People Officer at Central Pattana
    • Wendy Lim, Group Chief Operating Officer and Chief People Officer at Fullerton Health
    • Khoo Choon Yen, Director, Global People Operations and Technology at Workato
  • “Architecting the Enterprise of Today with Automation” with Alvin Pascual, Director of Enterprise Applications at Jollibee Worldwide Services.
  • “Transforming Healthcare Efficiency — Fullerton Health’s Automation Journey to Streamlined Business Operations” with Dr. Ethan Lim, Head, Clinical Strategy & Partnerships at Fullerton Health.

The event also features a panel, “The New Automation Mindset — Automation in a time of complexity and AI”, moderated by Grace Chng, Strategic Advisor and Editor-in-Chief of DeepTech Times. Panelists include:

  • Carter Busse, Chief Information Officer at Workato
  • Daniel Gericke, Automation Evangelist and Director at DNG Partners
  • Luiz Enriquez, Group Chief Technology Officer at Zuellig Pharmaceutical
  • Miguel Ho, Head of Process Automation at NTUC Enterprise Nexus Co-operative Limited

“Business leaders in Asia Pacific are recognizing the use of AI as a strategic imperative to stay ahead amid challenging economic conditions and fears of a recession,” said Amlan Debnath, Managing Director for Workato Asia Pacific & Japan. “The massive productivity, efficiencies, and innovations AI can bring to businesses are only limited by the scale with which companies adopt it. We’re thrilled by the opportunities that lie ahead, to see what can be achieved by the next generation workforce working in concert with the industry, united by the new automation mindset and the possibilities unleashed by emerging technologies like GenAI.”

For the full agenda of the in-person event in Singapore, please visit events.bizzabo.com/automate-2023-singapore/home.Hashtag: #Workato #Automation #Integration #AI #Digitalisation

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

About Workato

The leader in enterprise automation, Workato helps organizations work faster and smarter without compromising security and governance. Built for Business and IT users, Workato is trusted by over 11,000 of the world’s top brands like Broadcom, Intuit, Box, Autodesk, and HubSpot. Headquartered in Mountain View, Calif., Workato is backed by Altimeter Capital, Battery Ventures, Insight Venture Partners, Tiger Global, and Redpoint Ventures. For more information, visit or connect with us on social media:

Lao PM Urges Boten SEZ to Improve Infrastructure and Attract More Tourists

Lao Prime Minister Sonexay Siphandone met with operators of the Boten Special Economic Zone (SEZ) in northern Laos' Luang Namtha province to discuss tourism preparations. (Photo: Lao Security News)

Lao Prime Minister Sonexay Siphandone has met with operators of the Boten Special Economic Zone (SEZ) in northern Laos’ Luang Namtha province to discuss tourism-related preparations for Laos’ chairmanship of ASEAN and Visit Laos Year 2024.

Inaugural Medical Research Fund Launched by Tanoto Foundation to Drive Research into Range of Diseases Prevalent in Singapore

  • New fund to support research into cardiology, maternal and child health, diabetes, oncology, infectious diseases
  • Up to S$5 million per year set to be distributed to a range of medical research projects

SINGAPORE – Media OutReach – 28 September 2023 – Tanoto Foundation has today announced the launch of a new Medical Research Fund that will provide up to S$5 million per year in funding to support research into a range of diseases that are prevalent in Singapore, in the areas of cardiology, maternal and child health, diabetes, oncology and infectious diseases.

The Fund will prioritise research projects in the cardiology and maternal and child health areas in its first year of operation. Projects will be selected based on a number of specific criteria and will be reviewed and assessed by an external advisory panel comprised of clinical experts and medical professionals.

The clinical areas were selected based on their impact on local populations in Singapore and the wider region – e.g.: about one in three deaths in Singapore is due to heart disease or stroke and it is estimated that the number of people living with cancer will continue to increase, while improving maternal and newborn health remains a key focus of public policy in Singapore and in other countries in the region.

Belinda Tanoto, Member of the Board of Trustees, Tanoto Foundation, said: “We have set up this Fund as a way to consolidate our support for medical research. The Fund will focus on these five clinical areas, which affect the lives of thousands of people in Singapore and Asia”.

“We aim to support research projects that are first in their field and game-changing, potentially addressing healthcare concerns for diseases common in Singapore and the region, and to cultivate local research talent. In addition, we also aim to attract additional funding into medical research initiatives here in Singapore and in neighbouring countries,” said Ms. Tanoto.

The criteria which will be used to evaluate proposals submitted to the Fund include the following:

  • Potential for impact: potential to improve health outcomes, clinical practices and technical capabilities leading to clinical translation and innovation.
  • Robustness of approach: relevance and robustness of strategy, methodology and analyses to accomplish project aims and impact outcomes.
  • Track record of study team: the excellence and accomplishments of the study team and potential/plan for talent development.
  • Strength of collaboration: the collaborative effort of multi-disciplinary teams, ideally involving cross collaboration across Singapore healthcare clusters.

The new Fund, which is the first of its kind to be set up by a private philanthropic organisation in Singapore, will build on Tanoto Foundation’s existing support for medical research in Singapore. Since 2009, the Foundation has given more than S$20 million to support various medical research and healthcare programmes in Singapore.

The Foundation has partnered with SingHealth Duke-NUS Academic Medical Centre to establish Professorships and research initiatives in the areas of diabetes, medical oncology and cardiovascular medicine. Also, last year, in line with nationwide efforts to combat diabetes, Tanoto Foundation joined forces with the National Healthcare Group to set up a diabetes reversal programme in Singapore.

The Fund is also designed to encourage collaboration between medical institutions and to take advantage of Singapore’s standing as a regional hub for medical research.

“The Fund is not just focused on providing monetary support but encouraging collaboration between people, ideas and networks. We also want to strengthen Singapore’s medical research ecosystem by promoting research excellence and better healthcare here and in the wider region. In recent years, Singapore has been able to attract world renowned scientists and healthcare talent and is uniquely positioned to serve as a medical research hub for Asia,” said Ms. Tanoto.

Hashtag: #TanotoFoundation

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

About Tanoto Foundation

Tanoto Foundation is an independent philanthropic organisation founded in 1981 by Sukanto Tanoto and Tinah Bingei Tanoto based on the belief that every person should have the opportunity to realise his or her full potential. Tanoto Foundation programmes stem from the belief that quality education accelerates equal opportunity. We harness the transformative strength of education to realise people’s full potential and improve lives. Tanoto Foundation focuses on making an impact in three main areas: improving learning environments, future leader’s development, as well as medical research and sciences. More information is available at .

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Shift4 Payments, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – FOUR

New York, New York – Newsfile Corp. – September 27, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Shift4 Payments, Inc. (NYSE: FOUR) between November 10, 2021 and April 18, 2023, both dates inclusive (the “Class Period”), of the important October 19, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Shift4 securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Shift4 class action, go to https://rosenlegal.com/submit-form/?case_id=18626 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Shift4 had inadequate disclosure controls and procedures and internal control over financial reporting; (2) as a result, Shift4 failed to properly account for customer acquisition costs, thereby artificially inflating its net cash provided by operating activities; (3) accordingly, Shift4 would likely be forced to restate one or more of its previously issued financial statements; (4) Shift4 employed accounting maneuvers in connection with, among other things, its mass strategic buyout program and sponsor bank merchant settlement account, that were designed to present an inaccurate picture of, inter alia, the Company’s performance, its underlying business quality, and its earnings power; (5) all the foregoing, once revealed, was likely to negatively impact Shift4’s reputation and business; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Shift4 class action, go to https://rosenlegal.com/submit-form/?case_id=18626 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

Silk Road Connects the World, Light and Shadow Shine for Ten Years. The 10th Silk Road International Film Festival Opens in Fuzhou.

FUZHOU, CHINA – Media OutReach – 27 September 2023 – The opening ceremony of the 10th Silk Road International Film Festival was held in Fuzhou, Fujian Province on the evening of September 25.

The Silk Road connects the world, light and shadow shine for ten years. 2023 marks the tenth anniversary of the Belt and Road Initiative (BRI) and the Silk Road International Film Festival. The film festival will highlight the theme of the “10th anniversary,” being committed to “Sharing Silk Road Stories in Collaboration with Partners from across the Globe,” telling the stories of the BRI and integration of civilizations with lens and images, and striving to create a grand event for global film and cultural exchange.

During the festival, nine main activities will be held, including the Golden Silk Road Awards, the “Decade of Silk Road, Blessed Movie” film achievement exhibition, a BRI national film exhibition, a film panorama, a film forum, and film market, and more. Among them, the BRI national film exhibition has invited countries and regions involved in the BRI to participate and build an international exchange platform that will effectively promote cultural exchanges and industrial cooperation in the film and television industry. The “Blessed Movie Echoed on Silk Road in Fujian and Shaanxi” activity vividly showcases the cultural achievements on brilliant Silk Road civilizations and films in Fuzhou and Xi’an.

Compared with previous film festivals, this year’s film festival has four highlights:

First, this festival highlights the theme of the “10th anniversary.” It will hold a series of activities centered around the theme, including the “Decade of Silk Road, Blessed Movie” exhibition, the “Blessed Movie Echoed on Silk Road in Fujian and Shaanxi” activity. With films as a bond, it systematically summarizes its glorious journey over the past decade to promote cultural cooperation, and development and inheritance of the Silk Road civilization, and vividly showcases the cultural achievements on brilliant Silk Road civilizations and films in Fuzhou and Xi’an.

Second, this festival focuses on the establishment of an international exchange platform. More than 140 foreign guests from 40 countries and 10 international sister cities (based on the actual situation on site) attended the festival. The Golden Silk Road Awards have received about 500 submissions from 84 countries and regions, among which 140 films will be selected for re-evaluation by the jury and shortlisted for ten Golden Silk Road Awards, including Best Film, Best Director, and Best Documentary Film. Besides, a BRI national film exhibition will be held, inviting countries and regions involved in the BRI to participate and promote cultural exchanges and industrial cooperation in the film and television industry.

Third, the festival strives to create a film feast for the people. It will adhere to the principle of putting people at the center, and closely align with the needs of the masses in event planning, film screenings, and other aspects, making every effort to create a feast of films and a festival for the people. With Fuzhou Strait Olympic Sports Center and Minyue River Town as main venues, and historical and cultural blocks such as the Three Lanes and Seven Alleys and Liangcuo as supporting venues, the city-wide film carnival consists of a series of dream-building themed cultural activities for the people, including a film culture fair, a film costume and prop exhibition, immersive performances, and a light and shadow show, creating a strong atmosphere of full participation and shared enjoyment for all.

Fourth, the festival will boost development driven by industrialization. It will help gather momentum and promote industrial development. By pooling superior resources at home and abroad, it will carefully organize the main forum on film exchange and cooperation among countries and regions along the Belt and Road, and two sub-forums on film investment and financing, and the integrated development of films and tourism along the Belt and Road. It will also hold six themed activities, including a project launch and investment conference, an international film screening, the Belt and Road film and tourism industry alliance, a youth film festival, the “Film and City,” and a themed night market. The festival will spare no effort in building a professional platform for film transactions, a main base for cultural exchanges, and an incubator for industrial projects, and cultivating a more promising market for the development of the film and television industry.

The 10th Silk Road International Film Festival will conclude on September 27 and the results of the Golden Silk Road Awards will be announced at that time.

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

Marketplacer Available On commercetools Connect

Marketplacer Will Be The First Marketplace Platform To Join Best-in-Breed Ecosystem

Denver – News Direct – 27 September 2023 – Marketplacer, a global technology platform that enables brands, retailers, suppliers, communities and innovators to build and grow successful online marketplaces at scale, today announced that it has been selected to be among the first connectors into the new commercetools integration framework, Connect, alongside other best-in-breed technology providers.

This new partnership centers around a pre-built Marketplacer Connector for commercetools that customers can download to quickly and easily integrate Marketplacer’s 3rd-party marketplace technology into the commercetools platform.

Switching on the Marketplacer connector in their commercetools environment gives enterprise customers the ability to streamline the process of launching a marketplace, which, in turn, enables them to accelerate and scale their 3rd-party product strategy, start tracking revenue growth and measure business impact much faster.

In addition, the new Connect product enables commercetools customers to link 3rd-party sellers from the Marketplacer platform into their ecosystem. This allows customers to share data such as product updates, seller information and alerts in real time. As a result, customers can launch their marketplace faster, at scale, and at a lower cost, resulting in an enhanced customer experience.

“We’re honored to be the first and preferred marketplace partner to be part of the new commercetools integration framework, Connect,” said Jason Wyatt, CEO and co-founder of Marketplacer. “This partnership will radically accelerate commercetools’ customers’ ability to enable range extension or curated marketplace capabilities, deliver them faster and still be able to take advantage of all of the flexibility of the commercetools platform.”

More About commercetools Connect:

In addition to accelerating time-to-market, commercetools Connect offers:

  • A curated set of pre-built, commercetools-certified connectors that provide out-of-the-box integrations between products;
  • A run-time environment for connectors, managed by commercetools as part of its infrastructure and provided as a paid service to customers; and,
  • The same run-time environment to build proprietary connectors by and for customers.

“Marketplacer is a great fit for commercetools Connect and we appreciate their investment in our shared customers,” said commercetools Chief Product Officer Mike Sharp. “Naturally, we are selective about the technology partners with whom we choose to go-to-market. We value the partnership we have with Marketplacer and commend them on their strong customer growth.”

Additional Benefits of the Marketplace Connector for commercetools

  • The ability to create and promote products on commercetools Frontend, increasing visibility and sales potential;
  • Improved workflow efficiency with a single source of truth for products, sellers and advertisers; and,
  • Alignment with key principles of the MACH® alliance, ensuring a high level of control and agility.

Hear more about the Marketplacer/commercetools Connect solution at the E-Commerce Expo in London, Sept. 27-28, stand F10.

About Marketplacer
Marketplacer is a global technology Software as a Service (SaaS) platform equipped with all the tools and functionality needed to build successful and scalable online marketplaces, at speed. To date, Marketplacer has helped build and deploy over 100 Marketplaces connecting over 13,000 businesses worldwide. The Marketplacer platform exists to make growth simple, from implementing marketplace strategies such as shipment from drop-ship sellers, adding new categories or third-party range extension, through to consolidating markets and rolling out modern revenue models such as recurring memberships that allow businesses to grow faster and beyond the constraints of capital inventory.

Born and bred from the award-winning BikeExchange, the biggest online marketplace for anything and everything bike, founders Jason Wyatt and Sam Salter saw the opportunity to license the online software platform and apply it to new marketplaces. Marketplacer is responsible for the creation of online e-commerce solutions and business transformations of companies around the world. Visit marketplacer.com for more information.

About commercetools
commercetools is the leading composable commerce platform, allowing companies to dynamically tailor and scale shopping experiences across markets. We equip some of the world’s largest businesses with tools to future-proof digital offerings, reduce risks and costs, and build outstanding experiences that drive revenue growth.

Headquartered in Munich, commercetools has led a global renaissance in digital commerce by combining cloud-native, technology-agnostic, independent components into a unique system that addresses specific business needs. We empower brands – including Audi, Danone, Eurorail, NBCUniversal, Sephora and Volkswagen Group – to stay ahead of changing consumer and buyer behavior. To learn more, visit commercetools.com.

Contact Details

Michael Herrera
michael.herrera@marketplacer.com

Company Website

https://www.marketplacer.com/

Hashtag: #Marketplacer

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

ESR and Chinachem Break Ground on Hong Kong’s Largest and Most Advanced Cold Storage Facility

Largest cold storage to be built in the last two decades in the city Pioneering the future of logistics in Hong Kong

HONG KONG SAR – Media OutReach – 27 September 2023 – ESR Group Limited (“ESR”, SEHK Stock Code: 1821), APAC’s largest real asset manager powered by the New Economy, in partnership with Chinachem Group (“Chinachem”), a leading property developer in Hong Kong, today broke ground to begin the development of a prime cold storage and logistics facility in Kwai Chung, the first-of-its-kind and the largest to be built in Hong Kong in the last 20 years.

ESR Group Limited, in partnership with Chinachem Group, held a groundbreaking ceremony today to initiate the development of a cutting-edge prime cold storage and logistics facility in Kwai Chung. Distinguished guests of honour at the groundbreaking ceremony include Lam Sai Hung (centre), Secretary for Transport and Logistics; Jeffrey Shen (third from the right), ESR Group Co-founder and Co-CEO; and Donald Choi (third from the left), Executive Director and CEO of Chinachem Group. This marks the commencement of Hong Kong’s largest cold storage project in the past 20 years. The second and first from the left are Chinachem Group’s Executive Director and CFO Ricky Tsang and Managing Director, Corporate Development Damien Wu, while the second and first from the right are Chang Rui Hua, Managing Director, Business Management and Investment, ESR Hong Kong; and Allan Wang, Group Treasury Senior Director, ESR Group.
ESR Group Limited, in partnership with Chinachem Group, held a groundbreaking ceremony today to initiate the development of a cutting-edge prime cold storage and logistics facility in Kwai Chung. Distinguished guests of honour at the groundbreaking ceremony include Lam Sai Hung (centre), Secretary for Transport and Logistics; Jeffrey Shen (third from the right), ESR Group Co-founder and Co-CEO; and Donald Choi (third from the left), Executive Director and CEO of Chinachem Group. This marks the commencement of Hong Kong’s largest cold storage project in the past 20 years. The second and first from the left are Chinachem Group’s Executive Director and CFO Ricky Tsang and Managing Director, Corporate Development Damien Wu, while the second and first from the right are Chang Rui Hua, Managing Director, Business Management and Investment, ESR Hong Kong; and Allan Wang, Group Treasury Senior Director, ESR Group.

The groundbreaking ceremony was attended by Lam Sai Hung, Secretary for Transport and Logistics, HKSAR Government; with the presence of Jeffrey Shen, Co-founder and Co-CEO, ESR Group; Chang Rui Hua, Managing Director, Business Management and Investment, ESR Hong Kong; and Allan Wang, Group Treasury Senior Director, ESR Group; as well as senior management from Chinachem Group including Donald Choi, Executive Director and CEO; Ricky Tsang, Executive Director and CFO; Damien Wu, Managing Director, Corporate Development.

Slated for completion in 2027 (with a new 50-year lease expiring in 2072), Kwai Chung Cold Storage Logistics Centre (“Cold Storage”) will play a major role in pioneering the future of logistics in Hong Kong and consolidating the city’s leadership as a regional logistics hub. Chinachem and ESR are bringing their combined expertise in project management and development, to ensure a building of the highest quality is built. Further, ESR contributes its extensive experience in sustainable development such that Kwai Chung Cold Storage Logistics Centre will have the highest green building standards. To promote green transport, Chinachem Group, ESR and CLPe will explore EV Charging as a Service to cater for future demand of electric commercial vehicles. In addition, tenants in the new facility will be able to maximise the use of space rented, including the ability to expand to three levels of racking space. ESR, which will be the asset manager of the Kwai Chung Cold Storage Logistics Centre, has signed a letter of intent with one of Hong Kong’s largest 3PL firm and discussions with other potential tenants are underway.

Lam Sai Hung, Secretary for Transport and Logistics, said: “The Government attaches great importance to the development of the logistics industry and has spared no effort in providing a favourable business environment for the trade. One of the Government’s policy directions is to promote a more efficient use of logistics land to support the upgrading and transformation of the logistics sector towards the direction of green and smart solutions, particularly in handling high-value and cold chain products. The development of new multi-storey modern logistics facilities by the industry could definitely complement the Government’s effort in driving this policy direction.”

Jeffrey Shen and Stuart Gibson, ESR Group Co-founders and Co-CEOs, said: “We are proud to bring ESR’s leading expertise in investment, development and asset management for modern logistics facilities as well as the highest standards of sustainable development to Hong Kong. Together with our partner Chinachem Group, we are confident this new development will fulfil the growing demand for large-scale, cutting-edge logistics space while enabling Hong Kong to reinforce its position as a leading logistics hub to the world. In addition to the property’s state-of-the-art facilities, its strategic location also helps to unleash the full potential value of the Kwai Chung vicinity and sustain the long-term development of the area by promoting job opportunities and economic growth.”

Chang Rui Hua, Managing Director, Business Management and Investment, ESR Hong Kong, said: “ESR’s Kwai Chung facility will set a new benchmark in the industry not only with its scale and cutting-edge features such as automation but also a range of green features for tenants so they may provide more sustainable supply chains solutions.”

Speaking at the Groundbreaking Ceremony, Donald Choi, Executive Director and CEO of Chinachem Group, said, “We are thrilled to partner with ESR for the Kwai Chung Cold Storage Logistics Centre, marking our first significant investment in the logistics sector. Our goal is to enhance Hong Kong’s regional status as a logistics hub and accelerate its economic integration in the Greater Bay Area for its continuing prosperity. Through the adoption of precast building elements and multi-trade integrated mechanical, electrical and plumbing modules (MiMEP), we are actively reducing carbon emissions, demonstrating our commitment to protecting the environment. This collaboration advances our shared ESG priorities, pioneering the sustainable evolution of Hong Kong’s logistics sector while aligning with Chinachem Group’s commitment to the balance of People, Prosperity, and Planet. Together with ESR, our ambition is to shape the future of Hong Kong’s logistics sector by creating a legacy of sustainable development and prosperity.” The cold storage marks another milestone in Chinachem’s business diversification strategy.

Upon its completion, Kwai Chung Cold Storage Logistics Centre will embody industry best practices in its digital and automation technologies, operational flexibility, energy management and modern design to enable tenants to achieve greater efficiency and lower environmental impact.

Sustainable and Green Features

The Cold Storage will be built according to the most stringent green building standards, with the objective of attaining LEED Core and Shell Platinum and BEAM Plus New Building Platinum certifications. Cutting-edge green and sustainable building features have been embedded in the building design, including a rainwater harvesting irrigation system, 300+ electric vehicle (EV) charging points, photovoltaic (PV) panels, and other renewable energy solutions. Additionally, 30% of the site area is designated for greenery.

Modern Logistics Features

To maximise the allowable Gross Floor Area of 138,000 square metres, the Cold Storage will be a seven-storey facility with two basement levels for carparks. Approval has been secured to add eight metres of height to the building, providing high headroom clearance for tenants. The facility also provides ramp access to all levels and automated logistics features, including dock levelers, dock shelters, and sectional doors. Other automated facilities may be further implemented by future tenants.

Strategic Site Location

Strategically located at the junction of Mei Ching Road and Container Port Road South in Kwai Chung, with direct connection from Tsing Ma Bridge and Stonecutters Bridge, the facility has easy access within an hour to established road networks to Hong Kong’s Central Business District, International Airport and the border to Mainland China.

Both ESR and Chinachem are confident in the promising prospects of logistics assets and believe the high impact infrastructure project will make vital contributions to Hong Kong’s economic growth. As accessibility between cities in the Greater Bay Area improves, Hong Kong’s market will open to some 85 million people, together with accelerating e-commerce growth, especially the increasing demand for food items and pharmaceuticals, will further stimulate the market need for modern logistics space.

Hashtag: #ESR #ChinachemGroup

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

About ESR

ESR is APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally. With approximately US$150 billion in total assets under management (AUM), our fully integrated development and investment management platform extends across key APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and Southeast Asia, representing over 95% of GDP in APAC, and also includes an expanding presence in Europe and the U.S. We provide a diverse range of real asset investment solutions and New Economy real estate development opportunities across our private funds business, which allow capital partners and customers to capitalise on the most significant secular trends in APAC. ESR is the largest sponsor and manager of REITs in APAC with a total AUM of approximately US$45 billion. Our purpose – Space and Investment Solutions for a Sustainable Future – drives us to manage sustainably and impactfully and we consider the environment and the communities in which we operate as key stakeholders of our business. Listed on the Main Board of The Stock Exchange of Hong Kong, ESR is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index and MSCI Hong Kong Index. For more information on ESR, please visit

About Chinachem Group

Since 1960, Chinachem Group has been a leading property developer in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels, property management as well as healthcare and elderly services. The Group actively seeks to make a positive contribution to society through its adherence to the ‘Triple Bottom Line’, a commitment that its activities will benefit People, bring Prosperity to the community and preserve the Planet. Please visit

Celebrating Lao Coffee and Promoting a Safe Work Environment in the Supply Chain

Celebrating Lao coffee and promoting a safe work environment in the supply chain.
Promoting the right to a safe and healthy working environment in the coffee supply chain. (Photo: PRCC-CN)

International Coffee Day is back and bigger than ever. The day is an opportunity to celebrate our love for coffee while also recognizing the hard work and sacrifices made by those who make it possible.